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Cable Update (GBPUSD)

  • #149,501
  • Jul 22, 2009 11:21am Jul 22, 2009 11:21am
Quoting AstonDan
Broke support on 5M...in short but looks 'iffy'

Attachment
Sweet charts bud.
  • #149,502
  • Jul 22, 2009 11:24am Jul 22, 2009 11:24am
Quoting AstonDan
Broke support on 5M...in short but looks 'iffy'

Attachment
Agree on iffy (right now)

Of course it might just sit here and do NOTHING!!.... LOL
Ghost Rider - WWTBMD?
  • #149,503
  • Jul 22, 2009 11:26am Jul 22, 2009 11:26am
While you guys thinking where its going, its going down pip by pip time by time and you'll miss the ride down.
  • #149,504
  • Jul 22, 2009 11:28am Jul 22, 2009 11:28am
When do you think this painful and boring range will over. Being in 1.61-1.65 for months is really tiring. Please go up or down. It's really painful.
When I buy it, it moves down. When I sell it, it moves up.
  • #149,505
  • Jul 22, 2009 11:28am Jul 22, 2009 11:28am
Quoting UncleSam123
While you guys thinking where its going, its going down pip by pip time by time and you'll miss the ride down.
I have to risk WAY too much not to be sure it won't bounce right back up. I'm not looking for some 20 pip move. If it's gonna go, there will be time to get in.
Ghost Rider - WWTBMD?
  • #149,506
  • Jul 22, 2009 11:28am Jul 22, 2009 11:28am
Quoting albchr
No sir, I want to see it clear (not close but clear) 6450 first. I'm going if it hits 6440 because 50/60 becomes R.....

As if you're asking me........

Of course...LOL...I have two TL's intersecting at exactly 6440 but, I don't know enough about TL's to let that stop me...LOL
Okay

Just a heads up, same chart :
http://www.forexfactory.com/attachme...0&d=1248097542
Attached Image (click to enlarge)
Click to Enlarge Name: gud.JPG Size: 84 KB
Thank You
  • #149,507
  • Jul 22, 2009 11:33am Jul 22, 2009 11:33am
Not really I wouldn't looks a Little like a weak evening star pattern.Dose look bearish but price has taken them highs out...

Quoting wormboy
thanks tony. that candle had me fooled. what about the current h4? close below 8900 would you take that as engulfing?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,508
  • Jul 22, 2009 11:34am Jul 22, 2009 11:34am
Quoting wormboy
Okay

Just a heads up, same chart :
http://www.forexfactory.com/attachme...0&d=1248097542
I take it you're in already? Had I gotten in at the top of that pin, I'd be at BE or better and wouldn't care now......She's trying...LOL

Like that little couple pip up right there would have me 300 down and I'd be shiten twinkies right now...LOL
Ghost Rider - WWTBMD?
  • #149,509
  • Jul 22, 2009 11:35am Jul 22, 2009 11:35am
i am out for today , see u in Asia guyz
  • #149,510
  • Jul 22, 2009 11:37am Jul 22, 2009 11:37am
am out too .. don't like the set-up, managed to get a few pips on Geppy while looking at Cable
  • #149,511
  • Jul 22, 2009 11:41am Jul 22, 2009 11:41am
Quoting albchr
I take it you're in already? Had I gotten in at the top of that pin, I'd be at BE or better and wouldn't care now......She's trying...LOL

Like that little couple pip up right there would have me 300 down and I'd be shiten twinkies right now...LOL
I can't. Pushing close to 1% of my usable margin on my existing trades. That's as far as I go unless I get to lock some positions in.

See you london session.
Thank You
  • #149,512
  • Jul 22, 2009 11:44am Jul 22, 2009 11:44am
Quoting wormboy
I can't. Pushing close to 1% of my usable margin on my existing trades. That's as far as I go unless I get to lock some positions in.

See you london session.
Sounds good buddy. But for the record, that little rise up would have forced me to kill it and take the loss....

Always another trade...
Ghost Rider - WWTBMD?
  • #149,513
  • Jul 22, 2009 11:44am Jul 22, 2009 11:44am
Quoting Bones
Not really I wouldn't looks a Little like a weak evening star pattern.Dose look bearish but price has taken them highs out...
Okay, I suppose if it close all the way to 8850 then it'll have some authority.
Cheers tone, laters
Thank You
  • #149,514
  • Jul 22, 2009 11:44am Jul 22, 2009 11:44am
Quoting albchr
I take it you're in already? Had I gotten in at the top of that pin, I'd be at BE or better and wouldn't care now......She's trying...LOL

Like that little couple pip up right there would have me 300 down and I'd be shiten twinkies right now...LOL
Had to close my LONG ... then now my SHORT.

Alb, too many losses for one day. Lost all my +100 pips pre-london session earnings and a little more. Should have left then. Even the 40 pip ride I took to 6500 was lost eventually while I was waiting for 6550. Forgot to switch on my Trailing EA.

Thinking of waiting for a revenge trade but PA isn't helping matters. Placed pending SELL @ 6440.

Pls advise.
In all your ways acknowledge Him and He will direct your path.
  • #149,515
  • Jul 22, 2009 11:48am Jul 22, 2009 11:48am
Quoting OmegaFire
Had to close my LONG ... then now my SHORT.

Alb, too many losses for one day. Lost all my +100 pips pre-london session earnings and a little more. Should have left then. Even the 40 pip ride I took to 6500 was lost eventually while I was waiting for 6550. Forgot to switch on my Trailing EA.

Thinking of waiting for a revenge trade but PA isn't helping matters. Placed pending SELL @ 6440.

Pls advise.
Cancel the pending sell and stay flat for a while. Relax. Always another trade around the corner...

Me? I'm out till London....
Ghost Rider - WWTBMD?
  • #149,516
  • Jul 22, 2009 11:48am Jul 22, 2009 11:48am
Todays candle looks bullish to me and the hourly candle that looks like a pin is weakened by lower wick,
Im actually a little supprised as to how far we came up today.
Attached Image (click to enlarge)
Click to Enlarge Name: 30) gbp usd 22 july 09.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,517
  • Jul 22, 2009 11:51am Jul 22, 2009 11:51am
Quoting OmegaFire
Had to close my LONG ... then now my SHORT.

Alb, too many losses for one day. Lost all my +100 pips pre-london session earnings and a little more. Should have left then. Even the 40 pip ride I took to 6500 was lost eventually while I was waiting for 6550. Forgot to switch on my Trailing EA.

Thinking of waiting for a revenge trade but PA isn't helping matters. Placed pending SELL @ 6440.

Pls advise.
Bro, I've been in your shoes before. You can't think clearly right now. Stop for a while and do other activities (i.e. exercise is the best).
I would suggest you leave your trade as it is or take a loss and come back later with a clear mind. (The current trend is more inclined to the downside from my own analysis, but it could change as I don't like it either myself .. but am no crystal ball)
  • #149,518
  • Jul 22, 2009 11:53am Jul 22, 2009 11:53am
Quoting mktjong
Bro, I've been in your shoes before. You can't think clearly right now. Stop for a while and do other activities (i.e. exercise is the best).
I would suggest you leave your trade as it is or take a loss and come back later with a clear mind. (The current trend is more inclined to the downside from my own analysis, but it could change as I don't like it either myself .. but am no crystal ball)
.....
Ghost Rider - WWTBMD?
  • #149,519
  • Jul 22, 2009 11:55am Jul 22, 2009 11:55am
Quoting Bones
Todays candle looks bullish to me and the hourly candle that looks like a pin is weakened by lower wick,
Im actually a little supprised as to how far we came up today.

Me too buddy, I was looking for 6220 final TP...LOL
Ghost Rider - WWTBMD?
  • #149,520
  • Jul 22, 2009 11:59am Jul 22, 2009 11:59am
I took lots of pips yesterday on the ride down and then closed all positions with profit, and had 2 pending buy orders one at 1.6300 the other one at 1.6250 and low was I think 1.6305 and ouch i missed 5 pips. If not those 5 pips I would make another 100 pips but its alright, as long as its not a loss Im a little happy.
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