The finest tool in the world still needs a MAN who KNOWS how to use it.
Cable Update (GBPUSD)
- #184,885
- Nov 26, 2009 10:00pm Nov 26, 2009 10:00pm
- | Commercial User | Joined Feb 2008 | 7,908 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #184,886
- Nov 26, 2009 10:23pm Nov 26, 2009 10:23pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
What do you think ?
I think you need to look at price and see that's it quite blatantly going down!
Thats not my opinion, but actual fact.
Trade what you see and leave the predicting to merlin the wizard.
Good luck
I think you need to look at price and see that's it quite blatantly going down!
Thats not my opinion, but actual fact.
Trade what you see and leave the predicting to merlin the wizard.
Good luck
GOod luck to you too ...
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- #184,888
- Nov 26, 2009 10:31pm Nov 26, 2009 10:31pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
I think you need to look at price and see that's it quite blatantly going down!
Thats not my opinion, but actual fact.
Trade what you see and leave the predicting to merlin the wizard.
Good luck
There is a possibility that this is now the bounce range...double tap on support shown on previous 4hr chart. How much?? Excellent question. But I think I would have to agree, buying now just to be in a trade might not be the best thing you can do....Counter Trend.
Right now, GJ just took a counter trend confirmation on the 15m, GU might be trying a little of the same action.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #184,889
- Nov 26, 2009 10:42pm Nov 26, 2009 10:42pm
- | Commercial User | Joined Feb 2008 | 7,908 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #184,890
- Nov 26, 2009 10:44pm Nov 26, 2009 10:44pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Very big posibility
Took +51 with 7 lots on that...K, so I'm a coward...I still took the dough!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #184,893
- Nov 26, 2009 10:47pm Nov 26, 2009 10:47pm
- | Commercial User | Joined Feb 2008 | 7,908 Posts
I love it when a plan comes together!
Took +51 with 7 lots on that...K, so I'm a coward...I still took the
dough!
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #184,895
- Nov 26, 2009 10:53pm Nov 26, 2009 10:53pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Magix, I have found Counter trend trading the cable is like swimming against a strong current.....not wise!lol
however right now she has done a nice move already and shes on some support on the 4hr, but bigger support is the 270 region.
From there its anyones guess. But that's not even important right now.
Not saying that's going to happen here...but I see support on the 5m, resistance on the 1m 200EMA, and after that we gotta lotta room up to resistance on the 15m...
Proper money management is the tool, and when ya catch a good one...wtf!
I played this one for the second time off this point. First time was for a 60 bux with 5 lots on a spec play going off of the 4hr chart I posted, gave a 20 pip s/l never got triggered, Got Lucky.
Second time, pre-emptive strike, just like the way the base was shaping and the go signal off of same point. Loaded 1+1+5, exited with 51.
Will watch for resistance to re-enter my short takes...if I am still awake.
All respect friend, I honestly wasn't arguing. I quite agree, had my ass handed to me on several of these plays, when I was picking random numbers too.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #184,896
- Nov 26, 2009 10:59pm Nov 26, 2009 10:59pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
It's a bit of a rarity that sterling goes more than 6 days without pulling back, even if for a bit. I can be wrong, but I'd be very careful selling today.
Just a thought.
Good luck fellas
Time will tell.
Again, good luck fellas
Thank You 
- #184,897
- Nov 26, 2009 11:01pm Nov 26, 2009 11:01pm
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
Jesus Christ is my only Lord !
- #184,898
- Nov 26, 2009 11:05pm Nov 26, 2009 11:05pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #184,899
- Nov 26, 2009 11:07pm Nov 26, 2009 11:07pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
I am with you brother...check my thread, I don't encourage it either....
I was more making reference to some of the other threadsters who kept saying its time for the rocketship!!lol
All respect to you as a trader, your posts make a lot of sense.
- #184,900
- Nov 26, 2009 11:07pm Nov 26, 2009 11:07pm
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
