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Cable Update (GBPUSD)

  • #163,341
  • Sep 3, 2009 11:01pm Sep 3, 2009 11:01pm
Quoting Inzider

Anyway, let's simplify by "multiplicity is fun and bring opportunities!!"
9 out of 26 trades green as of current. Not trying to be greedy, but take profit on all is a mere 100 pips (each).

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #163,342
  • Sep 3, 2009 11:45pm Sep 3, 2009 11:45pm
Morning everyone...I've been holding my longs whole night and still in red...need to reach 6360 to be green. Any suggestions how could it be?

Btw. bought USDZAR yesterday, just 0.05 mini lots to see how it's moving and it looks fine at the moment.
-- There's no winner without lose --
  • #163,343
  • Sep 3, 2009 11:49pm Sep 3, 2009 11:49pm
Quoting JamesCZ
Morning everyone...I've been holding my longs whole night and still in red...need to reach 6360 to be green. Any suggestions how could it be?

Btw. bought USDZAR yesterday, just 0.05 mini lots to see how it's moving and it looks fine at the moment.
don't worry bro..the price is going to up around 1.6400 region, then it will go down...
  • #163,344
  • Sep 3, 2009 11:59pm Sep 3, 2009 11:59pm
Quoting navhin
don't worry bro..the price is going to up around 1.6400 region, then it will go down...
Hope you're right bro. My very big problem is the patience in trade. That's why I always preffered short time trading, but now I'm trying to see bigger moves and many times leave out too soon :/
-- There's no winner without lose --
  • #163,345
  • Sep 4, 2009 12:03am Sep 4, 2009 12:03am
Quoting JamesCZ
Hope you're right bro. My very big problem is the patience in trade. That's why I always preffered short time trading, but now I'm trying to see bigger moves and many times leave out too soon :/
patience is very important in trading forex..at first when i started trading i lost a lot of money..even though my analysis was right i was not patience and i didn't gv enough time for the currency to rise when i was long...but eventually it went up but i closed my position in loss..PATIENCE is the key to trade FOREX..
  • #163,346
  • Sep 4, 2009 12:04am Sep 4, 2009 12:04am
i'm waiting to short when the price reaches around 1.6400
  • #163,347
  • Sep 4, 2009 12:11am Sep 4, 2009 12:11am
I won't be at the computer for 4 hours...so I just placed TPs and will hope, they'll get hit before the fall, or I will be back soon.

Fingers crossed
-- There's no winner without lose --
  • #163,348
  • Sep 4, 2009 12:19am Sep 4, 2009 12:19am
i think triangular breakout going to take place..i probably think i going to break down to south.
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  • #163,349
  • Sep 4, 2009 12:48am Sep 4, 2009 12:48am
I still have no idea ! IMHO ---> Asian session is up untill at least 1.6384 and then may continue up or may reverse down !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #163,350
  • Sep 4, 2009 1:27am Sep 4, 2009 1:27am
Quoting sed34
after reading your words about the doji and seeing the price retrace I got out at +23 pips. Its not 100 but i'll take it.
sometimes u just gotta get whatever especially if it counter trend
  • #163,351
  • Sep 4, 2009 1:37am Sep 4, 2009 1:37am
broke and tested ? direction to south?
any idea?
thanks
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  • #163,352
  • Sep 4, 2009 1:44am Sep 4, 2009 1:44am
G/M, Asian/overnight range 6350-04, cable trading mid range at the moment.

G/L
ex member
  • #163,353
  • Sep 4, 2009 1:45am Sep 4, 2009 1:45am
Attached is D1 analysis, per H1, the retest of of 6350 seems to be holding. Equity also looking to head south due NFP. Happy trading folks.
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  • #163,354
  • Sep 4, 2009 1:46am Sep 4, 2009 1:46am
Quoting riko2705
broke and tested ? direction to south?
any idea?
thanks
south or north or south or north...follow the money
  • #163,355
  • Sep 4, 2009 1:49am Sep 4, 2009 1:49am
hai guys..my forecast its going up to 1.6389..my resistance 1
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  • #163,356
  • Sep 4, 2009 1:55am Sep 4, 2009 1:55am
Quoting awol
south or north or south or north...follow the money
thanks awol
  • #163,357
  • Sep 4, 2009 1:57am Sep 4, 2009 1:57am
Good MAE Everyone...
Ghost Rider - WWTBMD?
  • #163,358
  • Sep 4, 2009 1:57am Sep 4, 2009 1:57am
Here is my forecast about where this pairing will go next: I HAVE NO IDEA WHATSOEVER. (and by the way, nor does anyone else.) Good job that I don't need to have any idea, I just need to know where the potential support/resistance/sbr/rbs is, what the overall price action-peak/valley analysis trehnd is on the t/f's I look at, and then act at one of the repeating set-ups I look for at such areas, within the context of overall price action conditions.

It amuses me always that folk agonise/debate/argue over future price direction, it is futile beause none of us know. I fully accept that and accept that all I have is a probability based trading edge.

G/L
ex member
  • #163,359
  • Sep 4, 2009 1:58am Sep 4, 2009 1:58am
guys its either northeast or southeast..whererever she goes we jus follow..my speculation is that it goes northeast as crude oil is low back n nfp forecast bad..speculation only..
Play it HarD*
  • #163,360
  • Sep 4, 2009 2:00am Sep 4, 2009 2:00am
Quoting rockpillars
hai guys..my forecast its going up to 1.6389..my resistance 1
im with ya, pa seems to be bullish.
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