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Cable Update (GBPUSD)

  • #180,941
  • Nov 5, 2009 5:50am Nov 5, 2009 5:50am
unfortunately, I may have some troubles too from the spikes for the news and currently praying for the price go lower, my current position can handle the price around 6620 not more so if the price meets the news around 6450-6480 range I think it wont hurt me or netiher you around this.. otherwise I have to add funds... you experineced guys what do you think about the height of the spike in long way , may it touch 67s? yesterday couldnt go further than 6600 in my chart even the dow was up euro had touched 4910s... I still think of that the move may be down thats why I insist on keeping my short , of course it maybe a mistake, the biggest mistake of me in this trade was not seeing the strong upmove from support and entreing the shorts like 6357 6383 and 6418 like the price would go down and I wuld nt catch it, there is always a chance and a exact reason if the price goe this high... trade safe...
Chief Member of 220 mph Riders Club...
  • #180,942
  • Nov 5, 2009 5:53am Nov 5, 2009 5:53am
not sure how to post charts, can someone assist-thanks
  • #180,943
  • Nov 5, 2009 5:54am Nov 5, 2009 5:54am
Quoting kanji
unfortunately, I may have some troubles too from the spikes for the news and currently praying for the price go lower, my current position can handle the price around 6620 not more so if the price meets the nes around 6450-6480 range I think it wont hurt me or netiher you around this.. otherwise ı have to add funds... you experineced guys what do you think about the height of the spike in long way , may it touch 67s? yesterday couldnt go further than 6600 in my chart even the dow was up euro had touched 4910s

opinions are somewhat futile-no one knows, all we know are the likeliest scenarios and the likeliest market reactions to them...so I refer you to my previous posts 'trade what you see, not what you think' and 'anything can happen'

G/L
ex member
  • #180,944
  • Nov 5, 2009 5:55am Nov 5, 2009 5:55am
Quoting kanji
unfortunately, I may have some troubles too from the spikes for the news and currently praying for the price go lower, my current position can handle the price around 6620 not more so if the price meets the nes around 6450-6480 range I think it wont hurt me or netiher you around this.. otherwise ı have to add funds... you experineced guys what do you think about the height of the spike in long way , may it touch 67s? yesterday couldnt go further than 6600 in my chart even the dow was up euro had touched 4910s
6530 gate for north....
6480 gate for south....

check ur M5/M15 atm then decide
  • #180,945
  • Nov 5, 2009 5:56am Nov 5, 2009 5:56am
Quoting DubaiFX
waht i can see in my charts that today top is in place
so moving stops to 1.6563 -23 pips
and target is 1.6430
lets see what happened if i am wrong again i will sell at little higher price and stops will be 50 pips looming for 16370
lets see if i am wrong..

im short again at 1.6590 rejected resistence and macd didnt showed any rise only price moved

here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h.gif Size: 25 KB
Don't compare your Trades with Others
  • #180,946
  • Nov 5, 2009 6:02am Nov 5, 2009 6:02am
spiker dooddle doo
  • #180,947
  • Nov 5, 2009 6:03am Nov 5, 2009 6:03am
whats happend? :O
  • #180,948
  • Nov 5, 2009 6:04am Nov 5, 2009 6:04am
Quoting grashid
6530 gate for north....
6480 gate for south....

check ur M5/M15 atm then decide
Good luck all ..
Attached Image (click to enlarge)
Click to Enlarge Name: 4.JPG Size: 46 KB
  • #180,949
  • Nov 5, 2009 6:05am Nov 5, 2009 6:05am
BBMAC - What are your thoughts bro? Just interested to know.
You've got to be IN IT to WIN IT!
  • #180,950
  • Nov 5, 2009 6:07am Nov 5, 2009 6:07am
Quoting DubaiFX
im short again at 1.6590 rejected resistence and macd didnt showed any rise only price moved

here is the chart
what is the highest had price see in this spike, the fxsol had blowed my account on 6612? metatrder shows 6601
Chief Member of 220 mph Riders Club...
  • #180,951
  • Nov 5, 2009 6:07am Nov 5, 2009 6:07am
Quoting DubaiFX
same reason same looking charts

no difference i think.
im short from 134.10 targetting 133.10 level
lets see this time what will happen
i amybe wrong
look at your charts first..
Target reached.

will took short GY at on news
150.00


here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gy 4h.gif Size: 28 KB
Don't compare your Trades with Others
  • #180,952
  • Nov 5, 2009 6:08am Nov 5, 2009 6:08am
asset purchases less then expected - spike up ..

that was the first and last time i enter a position pre such volatile news
  • #180,953
  • Nov 5, 2009 6:08am Nov 5, 2009 6:08am
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting kanji
what is the highest had price see in this spike, the fxsol had blowed my account on 6612? metatrder shows 6601
no dude... the widened spread killed your acc
  • #180,954
  • Nov 5, 2009 6:09am Nov 5, 2009 6:09am
Quoting DubaiFX
im short again at 1.6590 rejected resistence and macd didnt showed any rise only price moved

here is the chart


http://www.forexfactory.com/showpost...stcount=180929
  • #180,955
  • Nov 5, 2009 6:10am Nov 5, 2009 6:10am
will this clear a path for shorts?
its like a gap trying to be filled
  • #180,956
  • Nov 5, 2009 6:11am Nov 5, 2009 6:11am
well that was free money trading.....
Trading is 80% Emotional, 20% Technical
  • #180,957
  • Nov 5, 2009 6:11am Nov 5, 2009 6:11am
Hey Guys,

After very long time, Playing with GBP..
I am short at 1.6592, Is it good?
What do u say?
anyone will suggest me about Stop/Loss?


Thanks
Sunny
  • #180,958
  • Nov 5, 2009 6:12am Nov 5, 2009 6:12am
Quote
well that was free money trading.....

love this beer money joke xD but yes indeed.
  • #180,959
  • Nov 5, 2009 6:14am Nov 5, 2009 6:14am
Quoting fx local
well that was free money trading.....
...
just only play sell stop and buy stop ...
if they know how to trade with
  • #180,960
  • Nov 5, 2009 6:14am Nov 5, 2009 6:14am
Added more shorts at 1.6595
lets see if i am wrong
..
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h nice.gif Size: 24 KB
Don't compare your Trades with Others
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