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Cable Update (GBPUSD)

  • #187,801
  • Dec 16, 2009 8:02am Dec 16, 2009 8:02am
Quoting Sukir
what does it mean?? i don't understand...
Closed short at 6350 at first drop then it was picked up
  • #187,802
  • Dec 16, 2009 8:11am Dec 16, 2009 8:11am
I am waiting to see what Darling has to say for himself first.
  • #187,803
  • Dec 16, 2009 8:13am Dec 16, 2009 8:13am
long @1.6350 TP 1.6480 SL 1.6320
  • #187,804
  • Dec 16, 2009 8:35am Dec 16, 2009 8:35am
...i need above 1.6376 to go long
  • #187,805
  • Dec 16, 2009 8:39am Dec 16, 2009 8:39am
Quoting 30pips
...i need above 1.6376 to go long
Me too......
The hardest way to make an easy living.....
  • #187,806
  • Dec 16, 2009 8:46am Dec 16, 2009 8:46am
Quoting maxss280
Short @ 1.6352 looking to fall back to 50% fibo 1.6325-30
Added to short @ 1.6370 SL 1.6385 TP 1.6325 & 1.6300

This is a speculative trade
  • #187,807
  • Dec 16, 2009 8:53am Dec 16, 2009 8:53am
Quoting maxss280
Added to short @ 1.6370 SL 1.6385 TP 1.6325 & 1.6300

This is a speculative trade
Well there went my stop
  • #187,808
  • Dec 16, 2009 8:57am Dec 16, 2009 8:57am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting 30pips
...i need above 1.6376 to go long

me too...too... gone long at 16383 , sl 16365 , no targ yet ....
  • #187,809
  • Dec 16, 2009 9:00am Dec 16, 2009 9:00am
Quoting sohail212
Good Luck, I am holding more then few long too, target 1.6390...
Done for the day.

Good Luck for FOMC .

Thanks
  • #187,810
  • Dec 16, 2009 9:01am Dec 16, 2009 9:01am
Quoting melba
me too...too... gone long at 16383 , sl 16365 , no targ yet ....
eh, souldn't it be better to buy the dips and sell the tops?
  • #187,811
  • Dec 16, 2009 9:08am Dec 16, 2009 9:08am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting melba
me too...too... gone long at 16383 , sl 16365 , no targ yet ....
bought more at 16375 , moved sl to 16350 ..........you're right sibajnok , better buy the dips than tops , but i'm playing the breakout of second res at 16375 , hope it's not a false one.......sl at 16350 probably a bit far ...we'll see...
  • #187,812
  • Dec 16, 2009 10:14am Dec 16, 2009 10:14am
dudes what to do i have one position at 1.6250 short my all balance are 80% gone what to do, close that position ?
  • #187,813
  • Dec 16, 2009 10:19am Dec 16, 2009 10:19am
Quoting dil
dudes what to do i have one position at 1.6250 short my all balance are 80% gone what to do, close that position ?
OMG didnt you put any stop-loss. i suggest go demo for at least 6 months before you start trading again. a mentor advised me to have two consecutive months of success before going at it again.
  • #187,814
  • Dec 16, 2009 10:21am Dec 16, 2009 10:21am
Quoting dil
dudes what to do i have one position at 1.6250 short my all balance are 80% gone what to do, close that position ?
Go read alot about money/risk management before you trade anymore.
  • #187,815
  • Dec 16, 2009 10:22am Dec 16, 2009 10:22am
Quoting piyeree
OMG didnt you put any stop-loss. i suggest go demo for at least 6 months before you start trading again. a mentor advised me to have two consecutive months of success before going at it again.
yeah i made a 3000$ from 500$ in about 2 weeks now ... im starting to panic
  • #187,816
  • Dec 16, 2009 10:23am Dec 16, 2009 10:23am
Quoting dil
dudes what to do i have one position at 1.6250 short my all balance are 80% gone what to do, close that position ?

yea... me too 80% wasted. need an advice
  • #187,817
  • Dec 16, 2009 10:28am Dec 16, 2009 10:28am
Quoting dil
dudes what to do i have one position at 1.6250 short my all balance are 80% gone what to do, close that position ?
If only with one position from 1.6250 to around 1.6390 = 140 Pips, you already suffered losses 80 % of your account, than you trade using too much leverage, or your account too small to handle your trading size. This is expensive lesson for you to take, if you wait perhaps you will loose all your account, if you cut loss now, you only have 20 % of your account. Go play on demo, before you go live trade again, learn about Money Management to avoid too much leverage. GU Bullish today, looks like little chance for GU to retrace big enough to reduce your losses.
  • #187,818
  • Dec 16, 2009 10:30am Dec 16, 2009 10:30am
will GBPUSD down? Cause i sell in 16350... hikz... What i should do now??
  • #187,819
  • Dec 16, 2009 10:30am Dec 16, 2009 10:30am
Quoting hus7
yea... me too 80% wasted. need an advice

Well, we just broke R2 on H1, the 150sma on H4 may push it over and we have been range trading on this pair for a while so you may be in luck and we head back down again however we are touching the bottom TL on the daily, it all depends what is going to come out of FOMC later. Alternatively close the thing, swallow your pride and get back to finding the next trade and read up on MM and risk.
  • #187,820
  • Dec 16, 2009 10:41am Dec 16, 2009 10:41am
Im short as of 6377. She looking to retrace now to at least 6322 level
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