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Cable Update (GBPUSD)

  • #181,401
  • Nov 6, 2009 9:46am Nov 6, 2009 9:46am
went short @ 6572, SL @ BE 6572

will trt to ride this for 100 to 400 pips down
  • #181,402
  • Nov 6, 2009 9:47am Nov 6, 2009 9:47am
http://img214.imageshack.us/img214/7...ovember6th.gif
lowest draw down possible please.
  • #181,403
  • Nov 6, 2009 9:54am Nov 6, 2009 9:54am
Quoting forexlion
went short @ 6572, SL @ BE 6572

will trt to ride this for 100 to 400 pips down
I was atleast hoping for 1.6515..

Now we have a big gust of bull fart all of the sudden, stops are being taken out, what next? possibly another sudden drop.
lowest draw down possible please.
  • #181,404
  • Nov 6, 2009 9:55am Nov 6, 2009 9:55am
Quoting fourxtrader
Watch again for some volatility. After tight compression
there is rapid expansion of the emas... then the bubble
must pop and draw together again. The cycle continues
often on the 1m timeframes for more trading opportunities.

I don't think the trading day is over yet... just needs to build
more energy for another move... even in a confused market....
There was the move. Did anyone catch that 20+ pips,
correction: (change that to 40+ pips)?

Dr. D.
Attached Image
  • #181,405
  • Nov 6, 2009 9:55am Nov 6, 2009 9:55am
Quoting forexlion
went short @ 6572, SL @ BE 6572

will trt to ride this for 100 to 400 pips down
errr... conservative trade eh?
  • #181,406
  • Nov 6, 2009 10:05am Nov 6, 2009 10:05am
I'm now short from 1.66
  • #181,407
  • Nov 6, 2009 10:25am Nov 6, 2009 10:25am
What happen
GELORE
  • #181,408
  • Nov 6, 2009 10:28am Nov 6, 2009 10:28am
Quoting ehrek
I was atleast hoping for 1.6515..

Now we have a big gust of bull fart all of the sudden, stops are being taken out, what next? possibly another sudden drop.
LOL is that a technical term

Well down 32 pips for the day. Up 228 for the week 22.8% account increase so I am happy Good Luck to you all and have a good weekend....off to vacation
  • #181,409
  • Nov 6, 2009 10:33am Nov 6, 2009 10:33am
not happy... gold is doing the same
GELORE
  • #181,410
  • Nov 6, 2009 10:34am Nov 6, 2009 10:34am
Quoting ehrek
I was atleast hoping for 1.6515..

Now we have a big gust of bull fart all of the sudden, stops are being taken out, what next? possibly another sudden drop.
Killing all short. possible. its very common in this kind of trading. shake the loose short, than catch some bulls by deceiving them using the trend. then fall without limit to the abyss.. LOL... Anyway, im tired watching the PA now. will go to sleep sooner or later. Good luck to u people..
  • #181,411
  • Nov 6, 2009 10:36am Nov 6, 2009 10:36am
Looks like i see drunk GBP ,Someone Guied him PLEASE
  • #181,412
  • Nov 6, 2009 10:38am Nov 6, 2009 10:38am
friday wacky!
  • #181,413
  • Nov 6, 2009 10:41am Nov 6, 2009 10:41am
Quoting maxss280
LOL is that a technical term

Well down 32 pips for the day. Up 228 for the week 22.8% account increase so I am happy Good Luck to you all and have a good weekend....off to vacation
Hehe, Its the new FX slang ! :>

Have fun vacationing, and goodjob on the gain

Cheers
lowest draw down possible please.
  • #181,414
  • Nov 6, 2009 10:46am Nov 6, 2009 10:46am
Quoting ehrek
I was atleast hoping for 1.6515..

Now we have a big gust of bull fart all of the sudden, stops are being taken out, what next? possibly another sudden drop.
Do you mind - I am having my bacon sandwich...
  • #181,415
  • Nov 6, 2009 10:48am Nov 6, 2009 10:48am
Quoting direct-trade
My trading method....I learnt most of what I know from Richard Wyckoff......
Here is a PDF which should help explain in further detail what I mean.
...
Edit: Link added to free book by Wyckoff: http://www.tradingfives.com/wyckoff/...ay-trading.htm
Thanks for the Wyckoff Laws pdf . i believe i dont have it yet (Amnesia )

in the link u mentioned above, is "The Day Trader's Bible - or my Secret in Daytrading of Stocks" in html. here it is in pdf
exchange gift
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File Type: pdf The Day Trader's Bible - Or My Secret In DayTrading Of Stox_complete.pdf   812 KB | 668 downloads
  • #181,416
  • Nov 6, 2009 10:50am Nov 6, 2009 10:50am
Quoting Sedaka
Sometimes its take 3x divergence arrow which is strong signal to follow..

G/L
i weas not talking about coloured MACD i was talking about my MACD in white Parameters changed..
anyways we will seee...

G/L to you too
take care

Choose.Wisely
Don't compare your Trades with Others
  • #181,417
  • Nov 6, 2009 10:51am Nov 6, 2009 10:51am
Quoting allserene
Do you mind - I am having my bacon sandwich...

never mind him....
carry on with your ....yummy
  • #181,418
  • Nov 6, 2009 10:57am Nov 6, 2009 10:57am
Quoting supremeChaos
Thanks for the Wyckoff Laws pdf . i believe i dont have it yet (Amnesia )

in the link u mentioned above, is "The Day Trader's Bible - or my Secret in Daytrading of Stocks" in html. here it is in pdf
exchange gift
thanks to both of u for your nice sharing
  • #181,419
  • Nov 6, 2009 10:57am Nov 6, 2009 10:57am
I shorted euro and cable and euro is doing great but cable rose..

when will these two get together again and correlate -

they used to march shoulder by shoulder - now they are estranged
  • #181,420
  • Nov 6, 2009 11:00am Nov 6, 2009 11:00am
I have sell 1.49 and in my chart time to Add sell e/u 1.4835
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