n my message is ....
p/s: i wanna see how GM face...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
Cable Update (GBPUSD)
- #178,142
- Oct 21, 2009 8:40am Oct 21, 2009 8:40am
got stopped out on my short last night.
I guess that daily was not bearish enough in the first place to go short off of!
The Sky is the Limit!
- #178,143
- Oct 21, 2009 8:43am Oct 21, 2009 8:43am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
I'll see another 30 minutes ! Good Luck bro !
- #178,144
- Oct 21, 2009 8:46am Oct 21, 2009 8:46am
I got stopped out too. Not fun. the past two weeks have been a disaster for my accounts
Guess something very wrong right now... I should blame the "Tooth Fairy"... She took me account away, and I can't cry no more but laugh hard cause damme that's a lesson.
- #178,145
- Oct 21, 2009 8:52am Oct 21, 2009 8:52am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
lol...
Alright guys gotta run...
Keeping my Longs...inside her
Catchya later...
- #178,148
- Oct 21, 2009 9:06am Oct 21, 2009 9:06am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #178,149
- Oct 21, 2009 9:07am Oct 21, 2009 9:07am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #178,150
- Oct 21, 2009 9:09am Oct 21, 2009 9:09am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
THERE IS SIMPLY NO REASON TO SHORT GBPUSD
since the bounce @ 5778 there was no reason to hold shorts.
depending on 4 hour price action , i will be looking well beyond 1.67
there is no harm in doing swing trading
- #178,151
- Edited 9:10am Oct 21, 2009 9:09am | Edited 9:10am
- | Joined Sep 2009 | Status: it's not a bug, it's a feature | 170 Posts
THERE IS SIMPLY NO REASON TO SHORT GBPUSD
since the bounce @ 5778 there was no reason to hold shorts.
depending on 4 hour price action , i will be looking well beyond 1.67
-> was no reason to hold shorts. -> CORRECT
- #178,152
- Oct 21, 2009 9:16am Oct 21, 2009 9:16am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
H4 is closed below 1.6627, potential down untill at least 1.6571, beware once touches this level ! Till US closing time looks difficult go more up above 1.6627, don't know PA tomorrow, but I may be wrong ! Good Luck !
am holding my short from today....wanna see what is he outcome till friday
- #178,153
- Oct 21, 2009 9:17am Oct 21, 2009 9:17am
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
I got stopped out too. Not fun. the past two weeks have been a disaster for my accounts
keep Your system consistent, and your money management.
If you've tested your system thoroughly, and use good mm then you will come out ahead in the long run.
Even the best traders in the world, have bad weeks, and even months, but the key is to have more winners than losers, so you come out ahead at the end of the day.
Her personality changes but her creators are human, and human behavior tends to be repetitive, albeit a road bump here and there.
Trade well!
- #178,155
- Oct 21, 2009 9:23am Oct 21, 2009 9:23am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
since GM holding his long...
am holding my short from today....wanna see what is he outcome till friday
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #178,156
- Oct 21, 2009 9:31am Oct 21, 2009 9:31am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
HOWEVER
there is no harm in doing swing trading
however:
-from a pattern view someone can say that was only a right shoulder retesting.. very common in H/S patterns
- from a volume perspective does looks like a BS move (up) with a bearish volume divergence
- from a statistical perspective, cable moved 288pips today, and is way over the average daily range = 185
- from a S/R perspective 1.66 or next one 1.67 are "our" very known levels. - old friends.
- there are maybe more reasons.. but.. hell.. you just said the magic words..
you can swing Up and DOWN.. regardless.
- Im looking for a good PB now... UK session closed, & NY on lunch break.. = BS trades..
I see a retracement here.. cheers.. !
- #178,158
- Oct 21, 2009 9:42am Oct 21, 2009 9:42am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
And I've closed my long for + 50 pips ! I just only 8 - 50 pips player ! Consider take a long again when touches 1.6571 !
.. i need to go...see u then...p/s: sorry...i still take a few lot in my std as my finger are so ichy just now...no more after this....taking my long rest..till next nfp...
Take care
- #178,159
- Oct 21, 2009 9:43am Oct 21, 2009 9:43am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
My prophecy has yet to be fulfilled. And my beer mug.
Let's go back to 5300
Let's go back to 5300
Thank You 
