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Cable Update (GBPUSD)

  • #164,621
  • Sep 10, 2009 7:48am Sep 10, 2009 7:48am
i dont think cable can go up any more...

it has done around 170 pipps today...

maybe its the limit already... slowly move down now.
  • #164,622
  • Sep 10, 2009 7:49am Sep 10, 2009 7:49am
Quoting Pyramus
I wish we could see 1.67 tonight
You can wish some more, gotta think about taking 1.6680 fisrt.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,623
  • Sep 10, 2009 7:53am Sep 10, 2009 7:53am
1.6664 big level (08/13 high) to pass, few pips after that there's my SL. The dragon and eur jpy still holding sell, it's a good signal for Gbp/Usd to come back in my opinion.
"Hate the sin, love the sinner." - Gandhi
  • #164,624
  • Sep 10, 2009 7:54am Sep 10, 2009 7:54am
Quoting malcolmb14
as you are so brilliant .. give some to our poor friend ..I mean if you can turn 102 into 4k then what is 2 k to a genius like you ?
that was chance realy,and first time lead to call margin during 3 days!!
todays i trade with stricted rules i wrote them on iron logical money managment and stony stop loss (is that right!) so logical profit
  • #164,625
  • Sep 10, 2009 7:55am Sep 10, 2009 7:55am
Quoting Bull_Bear
You can wish some more, gotta think about taking 1.6680 fisrt.
  • #164,626
  • Sep 10, 2009 7:57am Sep 10, 2009 7:57am
Right shoulder on cable daily head and shoulders anyone?
  • #164,627
  • Sep 10, 2009 7:59am Sep 10, 2009 7:59am
Quoting KillPhil08
Right shoulder on cable daily head and shoulders anyone?
I can see that too bro on daily. The daily chart is quite overbought. Still holding short here.
"Hate the sin, love the sinner." - Gandhi
  • #164,628
  • Sep 10, 2009 8:00am Sep 10, 2009 8:00am
Quoting TheGabriel
1.6664 big level (08/13 high) to pass, few pips after that there's my SL. The dragon and eur jpy still holding sell, it's a good signal for Gbp/Usd to come back in my opinion.
The captain is in the house....how are you Gabriel?

I also think some retracement is coming but I am looking EURUSD...EURGBP might have made a turn after BofE this morning...

I feel it is better trading that retrace from weekly pivot R3?
  • #164,629
  • Sep 10, 2009 8:01am Sep 10, 2009 8:01am
Interesting....
Attached Image (click to enlarge)
Click to Enlarge Name: gu_daily.gif Size: 27 KB
Ghost Rider - WWTBMD?
  • #164,630
  • Sep 10, 2009 8:02am Sep 10, 2009 8:02am
Quoting KillPhil08
Right shoulder on cable daily head and shoulders anyone?
God I hope it plays out, sterling's gone insane.
  • #164,631
  • Sep 10, 2009 8:04am Sep 10, 2009 8:04am
Quoting topestyles
Thanks to everyone for the good words..but i am sacred it may be too late.My parents,friends,every one around all think i am an unserious person,they never believed the idea of online money making...they had no idea about forex even whenever i explain..they all say i am a lazy person cos i sit behind the computer all day trading....
dear it requires a bit of hard work in fx i have lost money as well but i didnt give up life just keep trying trying and u will succeed
  • #164,632
  • Sep 10, 2009 8:06am Sep 10, 2009 8:06am
Quoting I like steak
The captain is in the house....how are you Gabriel?

I also think some retracement is coming but I am looking EURUSD...EURGBP might have made a turn after BofE this morning...

I feel it is better trading that retrace from weekly pivot R3?
Eur/Gbp still bearish zone, by watching daily and has plenty of space to go at 8737 and even 8715 in my opinion.

Eur/Usd didn't manage to hold the resistance and is quite overbought too.
This neutral news don't make things easier, but most of the time news just confirm technical analysis in my opinion and some experience, nothing to base too much on.

My account isn't big enought, I wanted to short both Gbp/Usd and Gbp/Jpy, the second one is holding very good.
"Hate the sin, love the sinner." - Gandhi
  • #164,633
  • Sep 10, 2009 8:09am Sep 10, 2009 8:09am
Quoting topestyles
Thanks to everyone for the good words..but i am sacred it may be too late.My parents,friends,every one around all think i am an unserious person,they never believed the idea of online money making...they had no idea about forex even whenever i explain..they all say i am a lazy person cos i sit behind the computer all day trading....
I don't know what to say to this other than please please don't take your life. It's NOT the answer.
You say they will be relieved to see you dead- Of course they won't. It will devastate them and their lives for many years to come.
You've had the courage to try and succeed at something that is incredibly difficult. There is no shame in falling short. Talk to your mother and sister, explain to them just how serious you are about life and not letting them down. They can help you, they will want to help you.
Taking your own life is not the answer and you know it's not.
You can come back from this.
  • #164,634
  • Sep 10, 2009 8:12am Sep 10, 2009 8:12am
Oil's falling, gold and pound are gaining- What is going on. I'd like a does of reality in the markets now please
  • #164,635
  • Sep 10, 2009 8:13am Sep 10, 2009 8:13am
Quoting topestyles
Thanks to everyone for the good words..but i am sacred it may be too late.My parents,friends,every one around all think i am an unserious person,they never believed the idea of online money making...they had no idea about forex even whenever i explain..they all say i am a lazy person cos i sit behind the computer all day trading.

Now what do i tell them? I cant face them.May be they are truly right,Maybe i am a destined failure.Others make it in forex,i did fail,asides forex,i fail in everything else,why?looking at all these...i have come to the...
If your post is serious, then you will leave behind far greater pain in the world through ending your life, from your family's awful suffering, than you are enduring now from a few thousand dollar loss. I've lost someone very close to me earlier this year and the pain is continual. Why inflict such suffering on your loved ones?

Take time away from your family, clear your head and gets things into perspective. You lost in forex? Big deal. Life is a long and winding road, with many opportunities ahead. Obviously, in your case, you should altogether avoid the markets.
  • #164,636
  • Sep 10, 2009 8:14am Sep 10, 2009 8:14am
Quoting topestyles
Thanks to everyone for the good words..but i am sacred it may be too late.My parents,friends,every one around all think i am an unserious person,they never believed the idea of online money making...they had no idea about forex even whenever i explain..they all say i am a lazy person cos i sit behind the computer all day trading....

Ok firstly how old are you?

I suspect you are quite young, we all lose, the biggest part of trading is money management, I lose, but only risk a very small percentage, I dont live with familly, I live on my own and this is my only income, I lose it and Im in real trouble!

Enough silly talk about suicide, I cant say wether you are sirious, none of us here can say, you may be sitting there with a vile of acid (what type of acid? You may just be heading for a world of pain, that you will survive, but never recover, trust me)

So pull yourself together, do some reading, concentrate especially on money management and then crack on.

Start treating it like a job, make a spreadsheet with all your trades and then you can do a monthly review, to see your success rates and tweak your decissions, I am by no means a old hand at this game, but I treat trading as a profession, and do keep relevant records of all trades, with a strike rate calculator included, if you want I can send it to you.

Chin up, you dont have to trade if there is no good entry, you can always take the day off and do some reading up, remember loss of opportunity is preferable to loss of capital.
  • #164,637
  • Sep 10, 2009 8:15am Sep 10, 2009 8:15am
Quoting topestyles
Thanks to everyone for the good words..but i am sacred it may be too late.My parents,friends,every one around all think i am an unserious person,they never believed the idea of online money making...they had no idea about forex even whenever i explain..they all say i am a lazy person cos i sit behind the computer all day trading.

Now what do i tell them? I cant face them.May be they are truly right,Maybe i am a destined failure.Others make it in forex,i did fail,asides forex,i fail in everything else,why?looking at all these...i have come to the...
Hi Topestyles,

Life is more precious than money. No matter what failure you had in your life, just don't kill yourself. You will only add some more pain to your family, I believe your family also didn't want you to suicide however fail you are as a person. Start a new life, if you think that forex is to difficult, than stop trading. For other failure you had in your life, evaluate where is the wrong doing that lead to the failure. Make change to your life and start make it better. Remember, "Where there is a will, there is a way"
  • #164,638
  • Sep 10, 2009 8:16am Sep 10, 2009 8:16am
Quoting TheGabriel
Eur/Gbp still bearish zone, by watching daily and has plenty of space to go at 8737 and even 8715 in my opinion.

Eur/Usd didn't manage to hold the resistance and is quite overbought too.
This neutral news don't make things easier, but most of the time news just confirm technical analysis in my opinion and some experience, nothing to base too much on.

My account isn't big enought, I wanted to short both Gbp/Usd and Gbp/Jpy, the second one is holding very good.
That is some trading for you....I am not in geppy atm...agree with bearish on EURGBP...

  • #164,639
  • Sep 10, 2009 8:17am Sep 10, 2009 8:17am
Quoting topestyles
Today,i got margin call on my account,i have been dollar bearish since August 17.Very bad but do not pity me.I swear i wil never trade forex again.I want to say a very warm good bye to you all.I dont know what next to do with my life,but i wouldnt bother cos i will be no more soon.

if you are reading this post now,thank your stars that you are not in my position,as for me,i will be commiting suicide in a matter of hours-just want to make sure no friends or family member is here when i do so.

Do enjoy your pips while i go lay in my coffin.

(Started...
Hi Matey,

Bless you ..I understand what has happened....been in this game for 5 years myself....It has its ups and downs...I understand right now emotionally it has beaten you up as the losses are on your head...

You will get stronger....and right now has been a very hard time for a lot of traders not just yourself...you dont get many people here that say that they have made a loss...

I will openly admit that yes I have this last two months for me has been the worst months of my trading career...I have lost over £35000 cant deny it at all...I know the feeling everything might seem really bad right now....let it sink in buddy.

You will be fine....divert your mind away from forex for the time being...dont worry about catching this bastard top...as this is the worst game of all...Day trade for 30 pips and you will be much happier....

Good Luck
Try and get happiness from the things that you have missed out on try and spend that quality time with the people that care for you ....

May God Bless you
Take care
GeppyG
Let Price determine your future!
  • #164,640
  • Sep 10, 2009 8:19am Sep 10, 2009 8:19am
Quoting topestyles
Thanks to everyone for the good words..but i am sacred it may be too late.My parents,friends,every one around all think i am an unserious person,they never believed the idea of online money making...they had no idea about forex even whenever i explain..they all say i am a lazy person cos i sit behind the computer all day trading.

Now what do i tell them? I cant face them.May be they are truly right,Maybe i am a destined failure.Others make it in forex,i did fail,asides forex,i fail in everything else,why?looking at all these...i have come to the...
what all this thinking of killing urself about? there is no reason for u to kill urself just bcos some guys will think or call u a failure. let me ask u a question wont they praise u if u had made on such short time? the world is programmed to behave that way. i can see from ur name, u look like a naija guy. let me tell u i undergone the same thing when i started 3years ago and here iam still making the same silly mistake over and over again. during my time they even called me thief, 419 yahoo yahoo and any type of crazy name u can ever think of, but still i keep to my gun and believe that its gonna be fine one day. the only advice i will give u ryt now is to another source of living (just for survival) and focus on building ur confidence, it will come with time. again forget about the thinking of killing urself cos it doesnt worht it. if u are actually from nigeria, u can buzz me on my mail [email protected] or call my mobile 07038643909. once again forget about ur parent and people around u.
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