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Cable Update (GBPUSD)

  • #144,801
  • Jul 9, 2009 11:39am Jul 9, 2009 11:39am
Quoting albchr
I think you may be right. Time to clean my crystal ball it would seem.....or trade the damm thing in.....
Throw the damn ball. Ride the dragon
Thank You
  • #144,802
  • Jul 9, 2009 11:40am Jul 9, 2009 11:40am
Don't worry its easy to get your money back after days like this, I find the best method is to log onto the brokers site and enter your credit card details and hey presto it never happened!!


* warning your credit card bill may increase!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,803
  • Jul 9, 2009 11:41am Jul 9, 2009 11:41am
be patient shorts your time is coming. i am short from 6300 and 6350.
  • #144,804
  • Jul 9, 2009 11:41am Jul 9, 2009 11:41am

Basically, I dont suggest anymore short we have past fibo 50 percent and the trends purely reversed passing all resistance.. we might meet 1.6400 at least..

  • #144,805
  • Jul 9, 2009 11:42am Jul 9, 2009 11:42am
Btw lejumeau, hats off to you sir. You called it
Thank You
  • #144,806
  • Jul 9, 2009 11:44am Jul 9, 2009 11:44am
Quoting wormboy
Btw lejumeau, hats off to you sir. You called it
we are adding another short now it was my mistake i saw 100+ but havent closed and got 80- but its ok its a part of trading but tell me what is next?

Ub
  • #144,807
  • Jul 9, 2009 11:45am Jul 9, 2009 11:45am
Quoting nAVIN2007
yeah i know what u mean...retrace is pretty close to 50% of big swing...4hr got a bullish engulf..and monthly is bullish..the weekly bearish bar is playing out..but i think its a suitable support area to move up from..

let see what happens : i wont consider a long unless theres a dailly pin thou..and theres no sign of that happenning so far
i hate to say it but how right was I....pity i didnt trust myself either
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  • #144,808
  • Jul 9, 2009 11:45am Jul 9, 2009 11:45am
[quote=Turveyd;2862981]
Quoting altair


Many trends, depending on your time span, the Longer term trend was still up, so although a short term trend was down for abit, the longer term trend kicked back in again, and also trends change thats what your SL is for, to keep your losses small when the trend changes.


Bad luck, we've all been there and done this holding against the trend, HOPING for it to reverse, not understanding why its keeping going, infuture when you don't understand and start HOPING Exit.

Hope is the mind killer!!
Thanks for all informations Turveyd.
Is it agood time now to open short?
  • #144,809
  • Jul 9, 2009 11:47am Jul 9, 2009 11:47am
Quoting wormboy
Throw the damn ball. Ride the dragon
Would appear the same thing is happen there...no? Anyway, still 9 p spread. I just don't like that much.

Baaaaaadddd day though bro. The wife just walked up, gave me a kiss and said that's OK honey, then smacked me in the back of the head as she walked away....

I think a few folks were suprised by this one though.
Ghost Rider - WWTBMD?
  • #144,810
  • Jul 9, 2009 11:47am Jul 9, 2009 11:47am
http://www.forexfactory.com/showpost...stcount=184165

Good luck to all
  • #144,811
  • Jul 9, 2009 11:50am Jul 9, 2009 11:50am
Quoting nAVIN2007
i hate to say it but how right was I....pity i didnt trust myself either
lol nice one bro, i saw this post yesterday. Great call
Thank You
  • #144,812
  • Jul 9, 2009 11:50am Jul 9, 2009 11:50am
i was long last night from 6040 .. i closed because everyone and their mother screamed 5800 .. damn this thread and your influences..

remember this .. the retail crowd is the most bearish when the market is about to turn, and most bullish when the market is about to fall .. its called a sentiment extreme, and if this occurs near support (6080) you grab your balls and do the opposite.


guys, look at a zoomed out daily, the trend it still up medium term until 5800 is taken out. not to say we didnt make money shorting, but buying at support, big support (like ones seen on the 4hr and daily .. hence 6080) makes u money) and selling at resistance.

a nice 1-2-3 reversal last night on the 15 min and 1 hr would have got you in

i will be found here from now on .. http://www.forexfactory.com/showthread.php?t=180382

too many influences here and too many systems .. makes me forget about my own. .. definitely my trading weakness

cheers
  • #144,813
  • Jul 9, 2009 11:50am Jul 9, 2009 11:50am
Quoting wormboy
Btw lejumeau, hats off to you sir. You called it
Thank you... I did get out of my long a bit too soon

but now this is creasy I short at 1.6300 that was previous support that last for 2 weeks I thaugth well no problem lets put a short, have pin bar on the 15min also there you go. and bam the price shout up another 85pip,, so now i'm minus 40-45pip, it is not too bad I hope price come back to 63 for support and them get out of my short and wait .. unless it fall like a knife i will keep my short.
  • #144,814
  • Jul 9, 2009 11:52am Jul 9, 2009 11:52am
Quoting albchr
Baaaaaadddd day though bro. The wife just walked up, gave me a kiss and said that's OK honey, then smacked me in the back of the head as she walked away....
That cracked me up lol
Thank You
  • #144,815
  • Jul 9, 2009 11:53am Jul 9, 2009 11:53am
yes the 50% fib level is at 360 and it broke it but has not closed above it. But u also have a 4hour low at 382, which is why my stop was at 385. the monthly pivot is at 335, if the 4 hour and hour can close below the Montly pivot then if has a very good chance of going lower, to 165 then up again and testing the 1.7 level again. But the 385 level is a major resistance level, major.
  • #144,816
  • Jul 9, 2009 11:54am Jul 9, 2009 11:54am
Quoting grashid
..but power lol...


1.62(Just on)-1.6260 (H4 38.2%) -1.6360(H4 50%)-1.6440 (H4 61.8%)..
step by step by looking 1.65 as my SL setting..
see how BOE bring us..
1.59 is my target (Daily LTL)..then 158-151...then tomorrow may bring us osme clue for under water current

Good luck
Good luck to all...Step by step..Patient is virtual...
  • #144,817
  • Jul 9, 2009 11:55am Jul 9, 2009 11:55am
HAHAHA yay I made 300 pips today.

I think the best way trading is do OPPOSITE to what people say in this thread.

Do you remember what people were saying when it was 1.30?

They all said it would go down to 1.28

Then when it hit 1.40, they said it will turn back

And when it hit 1.50 they said it was a good time to short




And again... this happened again...


You know big boys don't wanna give you guys money very easily.

They wanna TAKE your money AWAY from you.


So think opposite.
When I buy it, it moves down. When I sell it, it moves up.
  • #144,818
  • Jul 9, 2009 11:56am Jul 9, 2009 11:56am
Quoting jack.canadia
i was long last night from 6040 .. i closed because everyone and their mother screamed 5800 .. damn this thread and your influences..

too many influences here and too many systems .. makes me forget about my own. .. definitely my trading weakness

cheers
I have to admit Jack. The past 4 weeks I made a killing and did almost no posting or thread watching. This week I've been doing a lot and BAM! Big losses....LOL

So you're not alone in being distracted.
Ghost Rider - WWTBMD?
  • #144,819
  • Jul 9, 2009 11:56am Jul 9, 2009 11:56am
I`m short, it hit the 50 % fib rettracement wich overlaps with the 377 fib number from the top,it run out of fuel after the climb, it`s bear time now. 1.57 TP = 1.318 fib ext.
Dont follow me , I`ve been wrong before.
I`ve been wrong before,and I may be wrong again.
  • #144,820
  • Jul 9, 2009 11:56am Jul 9, 2009 11:56am
[quote=altair;2863024]
Quoting Turveyd

Thanks for all informations Turveyd.
Is it agood time now to open short?

NOOOOOOOOOOOOOOOOOOOOO would be like standing infront of a train moving at 100mph, it'll just run you over.


You need to forget your previous trade and get back on the Long side.

Best you walk awake and take a long weekend, revenge trading never goes well.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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