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Cable Update (GBPUSD)

  • #170,861
  • Sep 30, 2009 1:30am Sep 30, 2009 1:30am
Hey nAV! I finally made a LDN. for a bit at least.

Anyway it was you I think that said - loose quote "the market likes to trick people in Then KILL them!" This same thing happened to me on NY open!!!

Now working with higher TF, but before I would have tried to short the ###$ out of this bitc! and got my a$$ handed to me on a platter of negative pips!

WormB, may have the rockets on this bitch!

My sentiments as of now

We are saw minor pullback. However, I was looking @ 6150 / 6200. Perhaps not tonight, then looking for new short or remain in long. With half off the table TP. From appx .6000

Would need to see aggressive push through
6030 area Red line .. Targets 6150 / 6200

If we consolidate mre and the break looks south!!! Then 5900.
Only my ideas. For now!

Any thoughts appreciated. CHART is H1 to show range and last blue pin.


Quoting nAVIN2007
the 15 minutes was bullish i was looking at it, actually i entered a short and got

early moring my ass got stopped out! ....this mofo is getting a uplift or what! maybe azim put the rocket boosters on it!
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,862
  • Sep 30, 2009 1:32am Sep 30, 2009 1:32am
hey guys.. i went short at 1.5964 and i didnt set up SL.. now i woke up and i see -114 pips.. could you help me and tell me if i should close my trade and take the lose or should i hold it and wait for retrace?? right now i have no clue bc if there will be another spike up it will be a HUGE LOSS for me... thank you
Pation is the Holy Grail
  • #170,863
  • Sep 30, 2009 1:33am Sep 30, 2009 1:33am
Quoting albchr
May I ask what indicator you're seeing this divergence on?
... take a look
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  • #170,864
  • Sep 30, 2009 1:34am Sep 30, 2009 1:34am
Quoting nAVIN2007
i wish i checked this last night...dont be fooled this can go very far!

usdflx (whatever its name is) broke out of the diamond USD is lossing strength thats why this is flying

i wont put it past making another similiar formation..patience is key here!
Really curious here buddy. Why the buy on that chart? DId you take that before that Massive pin showing down?
Ghost Rider - WWTBMD?
  • #170,865
  • Sep 30, 2009 1:36am Sep 30, 2009 1:36am
Quoting CzechTrade
hey guys.. i went short at 1.5964 and i didnt set up SL.. now i woke up and i see -114 pips.. could you help me and tell me if i should close my trade and take the lose or should i hold it and wait for retrace?? right now i have no clue bc if there will be another spike up it will be a HUGE LOSS for me... thank you
Hm very crazy to trade without SL. U can wait. I say i down is in view.
  • #170,866
  • Sep 30, 2009 1:37am Sep 30, 2009 1:37am
Quoting albchr
May I ask what indicator you're seeing this divergence on?
yes sir
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  • #170,867
  • Sep 30, 2009 1:39am Sep 30, 2009 1:39am
Quoting nAVIN2007
i wish i checked this last night...dont be fooled this can go very far!

usdflx (whatever its name is) broke out of the diamond USD is lossing strength thats why this is flying

i wont put it past making another similiar formation..patience is key here!
Navin,

I have posted this chart twice already, maybe you ignored it.

Be a good boy and connect the tops with a trendline, it ends @ +23.6 level

Which means we have lots togo up more.
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  • #170,868
  • Sep 30, 2009 1:40am Sep 30, 2009 1:40am
Quoting CzechTrade
hey guys.. i went short at 1.5964 and i didnt set up SL.. now i woke up and i see -114 pips.. could you help me and tell me if i should close my trade and take the lose or should i hold it and wait for retrace?? right now i have no clue bc if there will be another spike up it will be a HUGE LOSS for me... thank you
Yes, NEVER trade without a Stop Loss! In fact, think of SL as meaning SAVE LIFE!!
Ghost Rider - WWTBMD?
  • #170,869
  • Sep 30, 2009 1:41am Sep 30, 2009 1:41am
My take on dis... Cable is going to test 1.6288 region before the gradually descent continues. Beware and warned!! Caution my dear traders.
  • #170,870
  • Sep 30, 2009 1:41am Sep 30, 2009 1:41am
Quoting bbmac
....right click anywhere on the toolbar and a drop down menu comes up, go to customise and add or subtract tools from that toolbar.

G/L

http://i37.tinypic.com/hx3rcj.gif
I have the tool ...BUT not the fan fibo with the 78.6 leg
My system has only 32.8,50 and.61.8
thnx
  • #170,871
  • Sep 30, 2009 1:42am Sep 30, 2009 1:42am
Quoting ashkan
yes sir
Thanks...

By looking at that chart, I hope this is a demo account? Selling the bottom and buying the top? Hmmmm.....
Ghost Rider - WWTBMD?
  • #170,872
  • Sep 30, 2009 1:42am Sep 30, 2009 1:42am
Quoting CzechTrade
hey guys.. i went short at 1.5964 and i didnt set up SL.. now i woke up and i see -114 pips.. could you help me and tell me if i should close my trade and take the lose or should i hold it and wait for retrace?? right now i have no clue bc if there will be another spike up it will be a HUGE LOSS for me... thank you
Mate, what you are asking is too much.. Noone can tell you what to do with your money... cable can go to 1.6120, but can spike up to 1.6170 too.... (another 50-120p), but also Cable can simple reverese from here...

Not that simple.

the decision is on you... You are the only one who can make that move.. to hold or close...
  • #170,873
  • Sep 30, 2009 1:43am Sep 30, 2009 1:43am
Quoting Reznik
My take on dis... Cable is going to test 1.6288 region before the gradually descent continues. Beware and warned!! Caution my dear traders.

Ghost Rider - WWTBMD?
  • #170,874
  • Sep 30, 2009 1:43am Sep 30, 2009 1:43am
Quoting albchr
Really curious here buddy. Why the buy on that chart? DId you take that before that Massive pin showing down?
it was a demo i only press why for fun, and that way it easy for me because i have a reference point to work from

anyway i pressed the sell button..lol

after all that
  • #170,875
  • Sep 30, 2009 1:45am Sep 30, 2009 1:45am
Quoting at2au
I have the tool ...BUT not the fan fibo with the 78.6 leg My system has only 32.8,50 and.61.8 thnx
...right click on the fib you have drawn and add in the 76.4 or 78.6 whichever is your preference;

G/L

http://i34.tinypic.com/2m66ahl.gif
ex member
  • #170,876
  • Sep 30, 2009 1:45am Sep 30, 2009 1:45am
Quoting Piters
Mate, what you are asking is too much.. Noone can tell you what to do with your money... cable can go to 1.6120, but can spike up to 1.6170 too.... (another 50-120p), but also Cable can simple reverese from here...

Not that simple.

the decision is on you... You are the only one who can make that move.. to hold or close...
Toss a Coin
  • #170,877
  • Sep 30, 2009 1:46am Sep 30, 2009 1:46am
Quoting ashkan
yes sir
buy at resistance n short from support area...mm...better stop for live trading and improve ur system mate...by using demo..and practice m5/m15 vs d1/h4 as an entry point...Good luck
  • #170,878
  • Sep 30, 2009 1:46am Sep 30, 2009 1:46am
Quoting nAVIN2007
it was a demo i only press why for fun, and that way it easy for me because i have a reference point to work from

anyway i pressed the sell button..lol

after all that



I told you the other day, don't SCARE me like that!!
Ghost Rider - WWTBMD?
  • #170,879
  • Sep 30, 2009 1:47am Sep 30, 2009 1:47am
Fellas, I am done. Half off the table for 120 pips.

Still seeing up. Could be wrong. As Long a the bigger pips booked I am ok.
Want to short but only seeing retracement to .6000 at this point.

Long pen from appx that level. TP set@ 6130. Sl slightly below .60

G/L all see you @ NY.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,880
  • Sep 30, 2009 1:48am Sep 30, 2009 1:48am
Quoting grashid
buy at resistance n short from support area...mm...better stop for live trading and improve ur system mate...by using demo..and practice m5/m15 vs d1/h4 as an entry point...Good luck
funny, that's what I said...lol
Ghost Rider - WWTBMD?
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