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Cable Update (GBPUSD)

  • #166,001
  • Sep 16, 2009 1:53am Sep 16, 2009 1:53am
Quoting Galation
Please give thy reasonings.
I'm having difficulty pasting chart but can check out 4hr time frame and draw line to connect previous lows from Aug 28 onwards.
  • #166,002
  • Sep 16, 2009 1:53am Sep 16, 2009 1:53am
Quoting beejay
i added another short at 1.6495. lets see where it takes us.

Well I took a short at 1.6502, and took profit at 1.6465. When it comes to news I bounced in and out. But according to the Fib channels, it looks like it will continue down still.
Trade Like a Robot make money Like a Bank
  • #166,003
  • Sep 16, 2009 1:53am Sep 16, 2009 1:53am
Quoting pakitrader
Plz suggest going short here is safe or i missed the train?

My account size is very small
trade your chart. this thread dont do trade calls unless you want to get urself confused. you are on your own if you follow any calls in here.
  • #166,004
  • Sep 16, 2009 1:53am Sep 16, 2009 1:53am
Quoting TheGabriel
a fag LOL
Euro found his resistance at 470? It should give a kick to the GJ sell and GU as well if it does a good retracement.
Yeppers....

I took a short on EU a while ago at 4705. She's in no hurry but I think she'll drop today.

Just need even the smallest amount of rise in the dollar and I see EU & GU tanking I think.
Ghost Rider - WWTBMD?
  • #166,005
  • Sep 16, 2009 1:54am Sep 16, 2009 1:54am
Quoting pakitrader
My account size is very small
..and very likely to get smaller, lol.

G/L
ex member
  • #166,006
  • Sep 16, 2009 1:56am Sep 16, 2009 1:56am
Quoting bbmac
..and very likely to get smaller, lol.

G/L
Come on now........that ain't nice.
Ghost Rider - WWTBMD?
  • #166,007
  • Sep 16, 2009 1:56am Sep 16, 2009 1:56am
Quoting bbmac
..and very likely to get smaller, lol.

G/L
you are a very bad man. lol
the guy is here for trade calls and maybe some newbies shd give it to him to make it get smaller.
pakitrader get your ass on the line and trade your chart. chart dont lie
  • #166,008
  • Sep 16, 2009 1:58am Sep 16, 2009 1:58am
Seriously thinking about adding another short on EJ....

Will wait to see if it bounces off the 50 fib again at 132.83
Ghost Rider - WWTBMD?
  • #166,009
  • Sep 16, 2009 2:01am Sep 16, 2009 2:01am
Quoting beejay
trade your chart. this thread dont do trade calls unless you want to get urself confused. you are on your own if you follow any calls in here.
Agree 100%---make your own decisions.No one here can says what will happen or we wouldn't be doing this anymore!We would all have yachts ,private islands,jets etc heh! Everyone is at risk no matter which way they decide to go. and a trader here may get out of a trade at any given moment and you'll never know giving you a huge loss!Some say up ,some down.Trade your charts!
  • #166,010
  • Sep 16, 2009 2:02am Sep 16, 2009 2:02am
Quoting pakitrader
Plz suggest going short here is safe or i missed the train?

My account size is very small
Bro, this is the time risk management comes in, regardless where the trend is going.

WB once reminded me of this, and it is working now. Try to trade using minilots 0.1 or microlots 0.01, depending on your equity. Just a gentle reminder the spread of Hi/Lo for GU was over 250 yesterday, hence plan your trade carefully.Try J/U smaller spreads than the cable.

When in doubt, don't go in...there will always be another time. Hope this help, bro
  • #166,011
  • Sep 16, 2009 2:07am Sep 16, 2009 2:07am
Quoting Alpha Hamste
Bro, this is the time risk management comes in, regardless where the trend is going.

WB once reminded me of this, and it is working now. Try to trade using minilots 0.1 or microlots 0.01, depending on your equity. Just a gentle reminder the spread of Hi/Lo for GU was over 200 on Monday, hence plan your trade carefully.

When in doubt, don't go in...there will always be another time. Hope this help, bro
Actually he/she shouldn't have a live account at all if no idea whats going on.Paki ,I traded a demo account for 1 and 1/2 years before I even went live.I suggest you do the same till your are comfortable with whatever strategy you use and make consistent profits.Trading real $ with no clue is bad news.Just send it to me lol its easier
  • #166,012
  • Sep 16, 2009 2:08am Sep 16, 2009 2:08am
Hello Guys

I see on 1H that GU tried for 6 times to brake the fib 38.2 area and on 4 hour I see a quite big engulfing candle... but still need a confirmation for me...
  • #166,013
  • Sep 16, 2009 2:14am Sep 16, 2009 2:14am
Pound got bad data and the Cable mofo is still up. On break of 6530, 50% Fibo of down movement I'm out...
"Hate the sin, love the sinner." - Gandhi
  • #166,014
  • Sep 16, 2009 2:19am Sep 16, 2009 2:19am
Quoting TheGabriel
If the USD wasn't this bad the cable would have been down like the GJ, still holding my shorts on Cable too.

I am holding shorts on G/u.... Hmmm Hope its down b cos i have mixed fillings..
  • #166,015
  • Sep 16, 2009 2:19am Sep 16, 2009 2:19am
Quoting TheGabriel
Pound got bad data and the Cable mofo is still up. On break of 6530, 50% Fibo of down movement I'm out...
Agree Gabe, very confusing at the moment. I am clearing out my positions and gonna wait for the American market. These types of ups and downs are very good for scalpers, unfortunately not my style.
  • #166,016
  • Sep 16, 2009 2:19am Sep 16, 2009 2:19am
Quoting TheGabriel
Pound got bad data and the Cable mofo is still up. On break of 6530, 50% Fibo of down movement I'm out...
Cable is a beast holding my longs from yesterday trade from 1.6418
  • #166,017
  • Sep 16, 2009 2:22am Sep 16, 2009 2:22am
Quoting Bull_Bear
The rise in the EUR is really pissing me off. Just messing things up for cables fall, Dragon well

Shorts still hold the balance of power
Is this not a change b cos possible to reach 1.6620, dont u think....hmm
  • #166,018
  • Sep 16, 2009 2:24am Sep 16, 2009 2:24am
Quoting Alpha Hamste
Agree Gabe, very confusing at the moment. I am clearing out my positions and gonna wait for the American market. These types of ups and downs are very good for scalpers, unfortunately not my style.
If you believe in your system/strategy then why be afraid?Stick to whatever rules you go by and let it go!Bend the rules and you , well you know.
  • #166,019
  • Edited 2:26am Sep 16, 2009 2:25am | Edited 2:26am
Quoting fendi
Is this not a change b cos possible to reach 1.6620, dont u think....hmm
IMO opinion I don't see 620
  • #166,020
  • Sep 16, 2009 2:26am Sep 16, 2009 2:26am
Quoting TheGabriel
Pound got bad data and the Cable mofo is still up. On break of 6530, 50% Fibo of down movement I'm out...
6530 is what I've been waiting to see to go short....lol
Ghost Rider - WWTBMD?
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