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Cable Update (GBPUSD)

  • #148,361
  • Jul 21, 2009 2:27am Jul 21, 2009 2:27am
Quoting Bull_Bear
u got in the short side AL?
Yeah I got in a short, a short NAP....

Little bounce off 6450 area I see....
Ghost Rider - WWTBMD?
  • #148,362
  • Jul 21, 2009 2:28am Jul 21, 2009 2:28am
Quoting a5syf3
hi all

GU going down all the way this week?
what should i do? any advise?
or shud i wait n c?
to tell you the honest truth you cant be asking such queations if you are trading a live account.
Keep It Simple Stupid
  • #148,363
  • Jul 21, 2009 2:29am Jul 21, 2009 2:29am
Quoting a5syf3
hi all

GU going down all the way this week?
what should i do? any advise?
or shud i wait n c?
Hey dude congrats on your first post. The only advise i have is to take your time and work your way through a demo account to establish your trading style & rules.

Above all, please don't listen to anyone's advise without doing your own homework first. There will always be a market once you get yourself up to speed.

Z
  • #148,364
  • Jul 21, 2009 2:31am Jul 21, 2009 2:31am
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting a5syf3
hi all

GU going down all the way this week?
what should i do? any advise?
or shud i wait n c?

you might as well wait ... if u are not sure, then stayout, your only price to pay will be the regret.
I like the Big Dogs because I trade like them
  • #148,365
  • Jul 21, 2009 2:31am Jul 21, 2009 2:31am
Quoting a5syf3
hi all

GU going down all the way this week?
what should i do? any advise?
or shud i wait n c?

Ditto on the last three posts....
Ghost Rider - WWTBMD?
  • #148,366
  • Jul 21, 2009 2:31am Jul 21, 2009 2:31am
Quoting ganymedes
Short @ 1.6523, SL @ 1.6572.
Intraday targets: 1.6460.
SL moved to BE.
  • #148,367
  • Jul 21, 2009 2:32am Jul 21, 2009 2:32am
Quoting albchr
Yeah I got in a short, a short NAP....

Little bounce off 6450 area I see....
holding now no taking it off the tables like last night. waiting for the break now
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,368
  • Jul 21, 2009 2:34am Jul 21, 2009 2:34am
Quoting Bull_Bear
holding now no taking it off the tables like last night. waiting for the break now
Typical first 1/2 hour London spike. Yesterday she went up, today down but it almost always happens.
Ghost Rider - WWTBMD?
  • #148,369
  • Jul 21, 2009 2:34am Jul 21, 2009 2:34am
Quoting Bull_Bear
holding now no taking it off the tables like last night. waiting for the break now
Nice analysis about daily yesterday.
  • #148,370
  • Jul 21, 2009 2:35am Jul 21, 2009 2:35am
Quoting albchr
LOL..well, just dumped 300 bucks. Walked away for about 20 minutes. Had a pending sell at 6545, stop at 6560 and it took it and hit SL TO THE PIP.

I hate Mondays....LOL

Hi Chris,

Been following this thread and your progress for some time now.

Don't take this as any sort of criticism - it's not meant to be - just some friendly advice.

Have you tried scaling in to positions.

I also need to use too much leverage but I scale into a position rather than put the whole lot on at once I'll add to a position until I have a full lot on.

BTW I hate PO's I find they tend to get me in at the top if I buy and the bottom if I sell - lol.
  • #148,371
  • Jul 21, 2009 2:37am Jul 21, 2009 2:37am
Quoting zuret9
Hey dude congrats on your first post. The only advise i have is to take your time and work your way through a demo account to establish your trading style & rules.

Above all, please don't listen to anyone's advise without doing your own homework first. There will always be a market once you get yourself up to speed.

Z

thanks bro!

doing live now. collecting n losing some pips. looking for sharing info.
  • #148,372
  • Jul 21, 2009 2:39am Jul 21, 2009 2:39am
Posted these charts yesterday: http://www.forexfactory.com/showpost...stcount=148167

Worked out as planned, even better though, double top could now turn into Shampoo, will have to monitor closely...:nerd:

Quoting Turveyd
Yep expect a trip and slicing your own head off.


Higher we go, shame I dumped my long a while back being weak.


But I traded with the trend a rare first for me I'm Getting there

Thanks for the above quote after my post yesterday bro, but sticking to my charts has given me +100 to wake up to, SL at B/E and free money from here.

Happy trades.
  • #148,373
  • Jul 21, 2009 2:43am Jul 21, 2009 2:43am
Quoting stewrigh
Hi Chris,

Been following this thread and your progress for some time now.

Don't take this as any sort of criticism - it's not meant to be - just some friendly advice.

Have you tried scaling in to positions.

I also need to use too much leverage but I scale into a position rather than put the whole lot on at once I'll add to a position until I have a full lot on.

BTW I hate PO's I find they tend to get me in at the top if I buy and the bottom if I sell - lol.
Yeah in fact I tried a little position to test the waters and made a little money. I knew which way it was gonna go and had I been sitting here watching, I would have moved my stop a couple pips.

Yep, for my style of trading I never use PO's and that exactly why. I use them when I'm sitting here just so I don't have to have the order box open waiting but, set them and walk away, never. I knew my rule, I broke my rule and it beat me over the head.

But no I don't scale in, only out. When I'm really confident about the likely direction, I get in full boat.

No worries, I'll make ten times that back this week....
Ghost Rider - WWTBMD?
  • #148,374
  • Jul 21, 2009 2:44am Jul 21, 2009 2:44am
Quoting alex1976
Are we trying to pick tops again???lol!
No, not trying to pick the top, I have picked the top (16556 for now).


Lets see if Shamppo in the making or striaght down from here. Like I said yesterday...Big Boys creating the upmove to sell into.

Happy trades.
  • #148,375
  • Jul 21, 2009 2:48am Jul 21, 2009 2:48am
If it get's through 6450, I'm expecting a little bounce or stall around 6420, then on down to 6380.
Ghost Rider - WWTBMD?
  • #148,376
  • Jul 21, 2009 2:52am Jul 21, 2009 2:52am
Quoting albchr
If it get's through 6450, I'm expecting a little bounce or stall around 6420, then on down to 6380.
6375 level is the near support i have
Thank You
  • #148,377
  • Jul 21, 2009 2:52am Jul 21, 2009 2:52am
A string of bad news 4 the pound.
uk deficit up 22.7% , a threat 4 the uk credit rating.
That's y the pund is goung down 2 the euro, and of course 2 the $
  • #148,378
  • Jul 21, 2009 2:53am Jul 21, 2009 2:53am
Broke 1.646-area support, next target 1.6400.
  • #148,379
  • Jul 21, 2009 2:54am Jul 21, 2009 2:54am
6350 area next ^^


goodluck guys

Angel.
  • #148,380
  • Jul 21, 2009 2:54am Jul 21, 2009 2:54am
Quoting wormboy
6375 level is the near support i have
Hey Buddy!!

Just a "little" bounce at 6420 I said...LOL Was I right....hmmmm?...LOL

And I'm just waking up after a 2 hour nap in the last 24....LOL

Just wait till the COFFEE kicks in...
Ghost Rider - WWTBMD?
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