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Cable Update (GBPUSD)

  • #151,661
  • Jul 28, 2009 12:43am Jul 28, 2009 12:43am
Quoting albchr
She may very well. I'm looking for a nice H&S at the 6550 level possibly. A close above 6600 I'm thinking long. Until then, I believe a nice fall is in the cards and have for some time now.

I know Stew is in favor of the uptrend...
Yep but I'm not adding any at this level - I think it'll be interesting if it gets to 66 tho.
  • #151,662
  • Jul 28, 2009 12:44am Jul 28, 2009 12:44am
Quoting albchr
And your comment is not how you teach. If you're not gonna help, just remain quiet. I'm still learning to and I remember the frustration at times and how being laughed at made me feel.

Just a thought...
then mabe you can teach him something, like building a trading system.
  • #151,663
  • Jul 28, 2009 12:45am Jul 28, 2009 12:45am
Quoting vlady1974
Long @ 6526, TP @ 6556, SL -30.
Let's see how she plays... i can always intervene manually... with a slap, if I get slapped.
Good luck ..i am waiting to add short

Ub
  • #151,664
  • Jul 28, 2009 12:45am Jul 28, 2009 12:45am
I think it might go for 1.6544 (Daily Pivot R1) before it starts going down a bit to the 1.6450-60 area...
Doh! I didn't mean to do that.
  • #151,665
  • Jul 28, 2009 12:46am Jul 28, 2009 12:46am
check out
Attached Image (click to enlarge)
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  • #151,666
  • Jul 28, 2009 12:48am Jul 28, 2009 12:48am
Quoting Gainmoney
Ok ill just follow u guys suggestion or entry point first for a while. If it still doesnt work out im scared my margin will get burned T_T

NEVER follow anyones calls. Only you know how you trade. Someone else may be placing a trade based on a completely different set of rules than yours.

If you're that new to trading, USE A DEMO and not real money. There is NO reason to loose a dime while learning the basics and developing a trading style that suits you.
Ghost Rider - WWTBMD?
  • #151,667
  • Jul 28, 2009 12:49am Jul 28, 2009 12:49am
FWIW - At 11 gmt we got the CBI sales figures - if its better than expected could move cable a lot.
  • #151,668
  • Jul 28, 2009 12:49am Jul 28, 2009 12:49am
Quoting Gainmoney
Ok ill just follow u guys suggestion or entry point first for a while. If it still doesnt work out im scared my margin will get burned T_T
you should never follow any one suggestion on any forum or website, you should build your own system and trade from there, you can always ask questions but never trade anyone suggestion. remember there are more loosers then winners
  • #151,669
  • Jul 28, 2009 12:49am Jul 28, 2009 12:49am
Quoting traderfx
then mabe you can teach him something, like building a trading system.

Well...lol at least I'll try...
Ghost Rider - WWTBMD?
  • #151,670
  • Jul 28, 2009 12:50am Jul 28, 2009 12:50am
Quoting albchr
NEVER follow anyones calls. Only you know how you trade. Someone else may be placing a trade based on a completely different set of rules than yours.

If you're that new to trading, USE A DEMO and not real money. There is NO reason to loose a dime while learning the basics and developing a trading style that suits you.
I second that.
Doh! I didn't mean to do that.
  • #151,671
  • Jul 28, 2009 12:55am Jul 28, 2009 12:55am
Quoting *Pipster*
I second that.
Yeah. Learn to blow at least 2 demo accounts before you start playing with real money

Seriously, you need to understand the mistakes you are making. And be observant when you are/when you're not. Sometimes, a 5-10 pip gain when you didn't intend it, just may be the tweak in your plan that you should improve on. Sometimes that -50pip loss is the lesson you had to have.

But follow everyone's advice. Start with a plan: analyse your timeframes. Make a decision based on what you see. Understand your technical analysis. Set a target. Manage the risk. Set your trade confidently. Have a stop loss! And take responsibility for your actions.

A pip is only worth it if you know how much you risked to earn it
  • #151,672
  • Jul 28, 2009 12:57am Jul 28, 2009 12:57am
EUR/USD
Buy at 1.4250 limit at 1.4310 stop at 1.4190
Resistance/Support
1.4261/1.4300/1.4340/1.4365
1.4218/1.4171/1.4030/1.3980

USDCHF
Sell at 1.0700 limit at 1.0650 stop at 1.0740
Resistance/Support
R:1.0733/1.0770/1.0816/1.0955/1.1020
S:1.0686/1.0650/1.0620/1.0580

USD/JPY
Buy at 94.90 limit at 95.30 stop at 94.40
Resistance/Support
R.95.30/96.50/97.15
S:94.90/94.20/93.00

GBP/USD
Buy at 1.6500 limit at 1.6580 stop at 1.6450
Resistance/Support
R:1.6522/1.6585/1.6620/1.6740
S1.6450/1.6380//1.6310/1.6240/1.6200
  • #151,673
  • Jul 28, 2009 12:58am Jul 28, 2009 12:58am
Quoting vlady1974
Long @ 6526, TP @ 6556, SL -30.
Let's see how she plays...
My dealer just dealt me in... and it aint even 6526. Bastards!
A pip is only worth it if you know how much you risked to earn it
  • #151,674
  • Jul 28, 2009 12:59am Jul 28, 2009 12:59am
I think it's getting close to my short time here......
Ghost Rider - WWTBMD?
  • #151,675
  • Jul 28, 2009 1:03am Jul 28, 2009 1:03am
Otoh ,looks like cable is playing catch up with DOW
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #151,676
  • Jul 28, 2009 1:04am Jul 28, 2009 1:04am
Quoting albchr
I think it's getting close to my short time here......
Wow.. had to take my pips quick! I saw some heavy selling on my indicator! But i'm still in profit!

Where are you selling at Chris? Or are you gonna wait on 11am news?
A pip is only worth it if you know how much you risked to earn it
  • #151,677
  • Jul 28, 2009 1:07am Jul 28, 2009 1:07am
There is no SHORT
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #151,678
  • Jul 28, 2009 1:09am Jul 28, 2009 1:09am
Quoting vlady1974
Wow.. had to take my pips quick! I saw some heavy selling on my indicator! But i'm still in profit!

Where are you selling at Chris? Or are you gonna wait on 11am news?
I have a PO at 6550...missed it by a pip....LOL
Ghost Rider - WWTBMD?
  • #151,679
  • Jul 28, 2009 1:11am Jul 28, 2009 1:11am
The beast has woken!

Missed that beautiful hammer on 4hr and 1hr!


Ahhhhhh!
  • #151,680
  • Jul 28, 2009 1:12am Jul 28, 2009 1:12am
Quoting albchr
I have a PO at 6550...missed it by a pip....LOL
The 4H and 1H tells me this spike up doesn't have volume behind it.
So the London guys must be stop hunting while they drink their morning coffee
A pip is only worth it if you know how much you risked to earn it
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