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Cable Update (GBPUSD)

  • #149,361
  • Jul 22, 2009 10:29am Jul 22, 2009 10:29am
am turn on my button...so for those who not sure why am doing..do not follow as i could be wrong..see you in half an hr..as i need to visit my maria...good luck
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  • #149,362
  • Jul 22, 2009 10:30am Jul 22, 2009 10:30am
Quoting grashid
am did not put my SL yet...possible at 1.65..1.6430 should be safe for short from my opinion....good luck..go n check ur M15....then u will know what is next...otherwise i can be wrong n becarefull with current PA as we can be trap too...Good luck
That's why I'm worried. The Pin Bar on the H4 and Daily might just come into play and push it to 655x area. But I think the Risk/Reward for a Short @ 6430 is even, so I took it. Hoping it turns out okay.

Ur thoughts will be appreciated.
In all your ways acknowledge Him and He will direct your path.
  • #149,363
  • Jul 22, 2009 10:35am Jul 22, 2009 10:35am
Quoting OmegaFire
That's why I'm worried. The Pin Bar on the H4 and Daily might just come into play and push it to 655x area. But I think the Risk/Reward for a Short @ 6430 is even, so I took it. Hoping it turns out okay.

Ur thoughts will be appreciated.
GET TO BE ASAP!! Then you have nothing to worry about....
Ghost Rider - WWTBMD?
  • #149,364
  • Jul 22, 2009 10:41am Jul 22, 2009 10:41am
This kind of PA is really making people pissing in their pants ..
Seems up, seems down at the same time ..
  • #149,365
  • Jul 22, 2009 10:45am Jul 22, 2009 10:45am
Quoting mktjong
This kind of PA is really making people pissing in their pants ..
Seems up, seems down at the same time ..

....I want to go short but it has to hit the high of this 1H candle again first. 6439....LOL

If it doesn't, the heck with it. Let it go.
Ghost Rider - WWTBMD?
  • #149,366
  • Jul 22, 2009 10:48am Jul 22, 2009 10:48am
Quoting albchr
GET TO BE ASAP!! Then you have nothing to worry about....
ok..completed your 10V..bravo...one of good trader i found in this tread beside BB, direct trader,Geppy and some other...
  • #149,367
  • Jul 22, 2009 10:50am Jul 22, 2009 10:50am
let's see how this candle close
  • #149,368
  • Jul 22, 2009 10:50am Jul 22, 2009 10:50am
Quoting OmegaFire
That's why I'm worried. The Pin Bar on the H4 and Daily might just come into play and push it to 655x area. But I think the Risk/Reward for a Short @ 6430 is even, so I took it. Hoping it turns out okay.

Ur thoughts will be appreciated.
no problem...nothing to worried as long as you use emc2...good luck in your riding
  • #149,369
  • Jul 22, 2009 10:51am Jul 22, 2009 10:51am
I`ll just wait for the US session to finish before shorting... they don`t look so bearish to me, we went up since it started... and expectations for earnings are really low i`m guessing many of the reports today will be positive.

Not sure if they can push it over the rezistance but they look like they are willing to try... right now it`s consolidating but i expect them to at least try and get over it before 17:00...

Green pips!


EDIT: Also S&P is close to the higherst point since the recession.... going over that will most likely drag the pound higher..
  • #149,370
  • Jul 22, 2009 10:51am Jul 22, 2009 10:51am
Quoting grashid
ok..completed your 10V..bravo...one of good trader i found in this tread beside BB, direct trader,Geppy and some other...

....Didn't even notice......

Man! I better get to writing some thank you PM's....LOL
Ghost Rider - WWTBMD?
  • #149,371
  • Jul 22, 2009 10:52am Jul 22, 2009 10:52am
Short from 1.6432.

Broke down through the lower trendline, retraced back to it and has been unable to break. Also at the daily pivot. Descending white trendline is unconfirmed at the moment, but if we break 1.6250, target is 1.6180 range, probably after NY close tomorrow.

Lets see....
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  • #149,372
  • Jul 22, 2009 10:55am Jul 22, 2009 10:55am
The only reason I'm even thinking about shorting it at 6439 is because that sits right on my utl to the pip. So if it goes through my line, I can kill it for just a pip or two loss. But I don't think it will get there again on this hour.

EDIT: Nope, didn't get there.....LOL
Ghost Rider - WWTBMD?
  • #149,373
  • Jul 22, 2009 10:56am Jul 22, 2009 10:56am
up we go (sl 1.64) try to enter around 25/29
  • #149,374
  • Jul 22, 2009 10:56am Jul 22, 2009 10:56am
Quoting albchr
GET TO BE ASAP!! Then you have nothing to worry about....
Alb,

PA is driving me crazy. Just can't seem to take a direction. I'm short from 6430. What do you think?
In all your ways acknowledge Him and He will direct your path.
  • #149,375
  • Jul 22, 2009 11:00am Jul 22, 2009 11:00am
Quoting albchr
....Didn't even notice......

Man! I better get to writing some thank you PM's....LOL
...you deserve it...not like mine...am starting from a dumb person and climbing step by step from Aus threat..with a lot helping from my Master and my buddy....

anyway keep it up your good work by sharing n helping some of newbiew....cheer
  • #149,376
  • Jul 22, 2009 11:02am Jul 22, 2009 11:02am
boring , i will go and play CrossFire and be back after half hour
  • #149,377
  • Jul 22, 2009 11:04am Jul 22, 2009 11:04am
Quoting OmegaFire
Alb,

PA is driving me crazy. Just can't seem to take a direction. I'm short from 6430. What do you think?
I think you really NEED to have a plan BEFORE placing a trade. Why you're getting in, where you're getting out and what you'll risk to do so. Then, trade your plan and live with the results.

I REALLY hope this is a DEMO account. If not KILL this trade, STOP live trading, go here... www.babypips.com Graduate it's collage and then DEMO for at least 6 months or until you are consistently profitable for 3 months in a row.

This is meant from the heart. There is NO need to lose a DIME when learning to trade.
Ghost Rider - WWTBMD?
  • #149,378
  • Jul 22, 2009 11:09am Jul 22, 2009 11:09am
OK, lunch time in NY. This will be the "molasses on a 3 degree day" part of the session. Have fun everyone!

Trade safe and BANK those green ones....
Ghost Rider - WWTBMD?
  • #149,379
  • Jul 22, 2009 11:09am Jul 22, 2009 11:09am
Quoting albchr
I think you really NEED to have a plan BEFORE placing a trade. Why you're getting in, where you're getting out and what you'll risk to do so. Then, trade your plan and live with the results.

I REALLY hope this is a DEMO account. If not KILL this trade, STOP live trading, go here... www.babypips.com Graduate it's collage and then DEMO for at least 6 months or until you are consistently profitable for 3 months in a row.

This is meant from the heart. There is NO need to lose a DIME when learning to trade.
  • #149,380
  • Jul 22, 2009 11:10am Jul 22, 2009 11:10am
Quoting albchr
I think you really NEED to have a plan BEFORE placing a trade. Why you're getting in, where you're getting out and what you'll risk to do so. Then, trade your plan and live with the results.

I REALLY hope this is a DEMO account. If not KILL this trade, STOP live trading, go here... www.babypips.com Graduate it's collage and then DEMO for at least 6 months or until you are consistently profitable for 3 months in a row.

This is meant from the heart. There is NO need to lose a DIME when learning to trade.
good advice
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