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Cable Update (GBPUSD)

  • #169,821
  • Sep 27, 2009 7:43pm Sep 27, 2009 7:43pm
Quoting Que
Porn?
With ya there brother!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,822
  • Sep 27, 2009 7:44pm Sep 27, 2009 7:44pm
I have a very small additive position at 1.5870 after I saw the 50% ret. Now trailing main and secondary with 50 pip trailing stop.

Great start to the week in my opinion.

Que
Que
  • #169,823
  • Sep 27, 2009 7:48pm Sep 27, 2009 7:48pm
thar she blows!

i multitask while watching the screens
right now i am playing in a pokerstars tourney and playing fallout 3
tough life!
  • #169,824
  • Sep 27, 2009 7:54pm Sep 27, 2009 7:54pm
Taking a long on GU & GJ here...

Scored a couple on the last ride, hopefully this be the big move up.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,825
  • Sep 27, 2009 7:55pm Sep 27, 2009 7:55pm
My opinion is ~1.5844. But, I would not play long...

Que

Quoting Magix
Taking a long on GU @ GJ here...

Scored a couple on the last ride, hopefully this be the big move up.
Que
  • #169,826
  • Sep 27, 2009 7:59pm Sep 27, 2009 7:59pm
Quoting Que
My opinion is ~1.5844. But, I would not play long...

Que
Only in 2 lots on both.
GU 1.5805
GJ 140.41
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,827
  • Sep 27, 2009 8:05pm Sep 27, 2009 8:05pm
I Just got out. I think she is going further down. Second trade of the night.

Entry was 1.5892
Exist was 1.5818
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,828
  • Sep 27, 2009 8:07pm Sep 27, 2009 8:07pm
Why did you exit a 1.5892 trade if you believe she is going further south? Just curious is all.

Que

Quoting XTrade
I Just got out. I think she is going further down. Second trade of the night.

Entry was 1.5892
Exist was 1.5818
Que
  • #169,829
  • Sep 27, 2009 8:25pm Sep 27, 2009 8:25pm
Just shout out a very deep gratitude from me to all of the people here.

Since i started trading 2 weeks ago, this forum and especially this thread is my main source of learning and it beats a lot of books i have read.

A lot of your analysis is very helpful and i keep learning this step by step and hopefully i can be a fulltime trader in this business, although i have not gained a profit but i know that learning takes time. The money i lost, i will consider it as a lesson fee.

Thanks to MalcomB, TaoTrade, Forex Lion, Nav, Que, Magic, Wormboy, and all of the others since i can not remember all of it.

Salute ^^.
  • #169,830
  • Sep 27, 2009 8:30pm Sep 27, 2009 8:30pm
Added 2 more GU, 87...pshh, filled @ 92, slow on the trigger.


Long.

Good call on a little deeper pocket Q!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,831
  • Sep 27, 2009 8:31pm Sep 27, 2009 8:31pm
Any time. I am in the process of teaching my son.

BTW, YEAY, we finally broke 1.5800.

Que

Quoting Fng
Just shout out a very deep gratitude from me to all of the people here.

Since i started trading 2 weeks ago, this forum and especially this thread is my main source of learning and it beats a lot of books i have read.

A lot of your analysis is very helpful and i keep learning this step by step and hopefully i can be a fulltime trader in this business, although i have not gained a profit but i know that learning takes time. The money i lost, i will consider it as a lesson fee.

Thanks to MalcomB, TaoTrade, Forex Lion, Nav, Que, Magic,...
Que
  • #169,832
  • Edited 9:19pm Sep 27, 2009 8:34pm | Edited 9:19pm
Quoting Que
Why did you exit a 1.5892 trade if you believe she is going further south? Just curious is all.

Que
I know it was silly of me. I exited too early. (I too am still learning)

Here is why. First trade Entry @ .5955 Exit @ 5870 85 pips

After seeing the open and range I set a goal to accomplish 100 pips tonight.

Broke this on second trade.

I exited because I thought she may retrace to *EDIT NOT 5885- 5850 area. Before further sinking. Did not want to give back any pips.

Unfortunately I cannot use trailing stops on this broker. Not happy about that.

Que, your posts are helpful, thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,833
  • Sep 27, 2009 8:36pm Sep 27, 2009 8:36pm
Morning everyone...

South train looks like it for the cable. Took a gamble to go short @ 1.5801 and set the TP at @ 1.5771 (+ 30 pips). Dare not take a wider spread as this is new low.

Good luck everyone...
  • #169,834
  • Sep 27, 2009 8:36pm Sep 27, 2009 8:36pm
Why do you keep going long? At least show me a chart :nerd:

I think 1.5800 will act as support now...

This is where I think retrace will happen. That being said, I would not trade it until I saw conformation.

Que

Quoting Magix
Added 2 more GU, 87...pshh, filled @ 92, slow on the trigger.


Long.

Good call on a little deeper pocket Q!
Attached Image (click to enlarge)
Click to Enlarge Name: 092709gu(daily).gif Size: 20 KB
Que
  • #169,835
  • Sep 27, 2009 8:37pm Sep 27, 2009 8:37pm
Last 2 added, 1.5777.

Gunna sit tight fer a while...do that pr0n thang.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,836
  • Sep 27, 2009 8:40pm Sep 27, 2009 8:40pm
Quoting Que
Why do you keep going long? At least show me a chart :nerd:

I think 1.5800 will act as support now...

This is where I think retrace will happen. That being said, I would not trade it until I saw conformation.

Que
Capitulation.

As a former penny player, I watch for market play, don't always get the bottoms, don't always nail the tops, but can usually prosper or at least not have my ass handed to me too badly.

Also watching the comparative play of GU - GJ, close relation, as I playing the both of em, see similarities in the plays.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,837
  • Sep 27, 2009 8:41pm Sep 27, 2009 8:41pm


Retrace about to happen. GL on trades my friend, should pull a few off of it.

Que

Quoting Magix
Capitulation.

As a former penny player, I watch for market play, don't always get the bottoms, don't always nail the tops, but can usually prosper or at least not have my ass handed to me too badly.
Que
  • #169,838
  • Sep 27, 2009 8:42pm Sep 27, 2009 8:42pm
Quoting XTrade
I know it was silly of me. I exited too early.

Here is why. First trade Entry @ .5955 Exit @ 5870 85 pips

After seeing the open and range I set a goal to accomplish 100 pips tonight.

Broke this on second trade.

I exited because I thought she may retrace to 5885 area. Before further sinking. Did not want to give back any pips.

Unfortunately I cannot use trailing stops on this broker. Not happy about that.
Xtrade...no regret at all. Someone once said the Forex is not your mother. Any trade that add to your equity is a good trade (for me). I am with you with not going to give back any pips.

We can always catch her again during retrace or during further down. Always account for variable change. G/L to you.
  • #169,839
  • Sep 27, 2009 8:45pm Sep 27, 2009 8:45pm
Quoting Que


Retrace about to happen. GL on trades my friend, should pull a few off of it.

Que
I will look to empty the trades if I see weakness as we approach 1.5859.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,840
  • Sep 27, 2009 8:45pm Sep 27, 2009 8:45pm
I am sorry, I did not mean to imply anything negative about you. It was just weird seeing a great short, then you saying you think its going down, then closing it. I was just confused, thought you may have meant it was going up and had a mistype.

Que

Quoting XTrade
I know it was silly of me. I exited too early. (I too am still learning)

Here is why. First trade Entry @ .5955 Exit @ 5870 85 pips

After seeing the open and range I set a goal to accomplish 100 pips tonight.

Broke this on second trade.

I exited because I thought she may retrace to 5885 area. Before further sinking. Did not want to give back any pips.

Unfortunately I cannot use trailing stops on this broker. Not happy about that.

Que, your posts are helpful, thanks.
Que
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