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Cable Update (GBPUSD)

  • #189,041
  • Dec 22, 2009 8:00pm Dec 22, 2009 8:00pm
Quoting dil
Guys doji on gbp/usd chart h1
currently gu is doing what is has done in asia last 3 days
a slight retracement under low volume


Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #189,042
  • Dec 22, 2009 8:10pm Dec 22, 2009 8:10pm
Quoting sswilli99
Here is the Quote from a couple of years ago, this is from another forum.
sswilli99, thanks for that info.
  • #189,043
  • Dec 22, 2009 8:14pm Dec 22, 2009 8:14pm
Quoting egkid
It could be time to retrace up
all take care
http://www.forexfactory.com/showthre...40#post3322840
Buy e/u 1.4270
It's against my rule but let's make this exception
Check your 1h Chart
G/U as i said but will not risk with it now.
Back to go sleep
Cya
  • #189,044
  • Dec 22, 2009 8:14pm Dec 22, 2009 8:14pm
GU's gonna retrace to fibo 50 at 6200 before resuming downtrend imo
  • #189,045
  • Dec 22, 2009 8:40pm Dec 22, 2009 8:40pm
Quoting kasooi
Pretty sure he is just trolling and trying to get people to buy his "system" from him....
im no troll, i just pop in every once in a while, i been doing this for 6yrs now and make a damn good living at it and i don't have nothing to sell just checking to see how my fellow traders are doing as i can see most have been loosing money but i wish all my fellow traders luck, i guess you got to learn some where.
  • #189,046
  • Dec 22, 2009 8:45pm Dec 22, 2009 8:45pm
Quoting malcolmb14
sorry no disrespect meant ...

just there a newbies in here that blindly follow others .. sadly they do. so if you are making , what you may consider a high risk trade due to counter trend trading then at least post a nice chart as to your thought process....

then at least when the newbies lose their money they know what not to do next time ...lol
no disrespect either but if a newbie is comming in any thread and following other recomedations then they deserve to loose all there money, that tell me they are looking for a easy way out and not commited to building there own system, this is why there are 95% loosers in this business, no fourm can help a newbie, if you look at any forum / thread you will notice more loose money then make money.
  • #189,047
  • Dec 22, 2009 8:50pm Dec 22, 2009 8:50pm
Quoting kasooi
Pretty sure he is just trolling and trying to get people to buy his "system" from him....

be nice ..I was debating with him ,merits of trade....
Blogging daily now at www.volume.zone
  • #189,048
  • Dec 22, 2009 8:52pm Dec 22, 2009 8:52pm
Quoting BiggerPips
no disrespect either but if a newbie is comming in any thread and following other recomedations then they deserve to loose all there money, that tell me they are looking for a easy way out and not commited to building there own system, this is why there are 95% loosers in this business, no fourm can help a newbie, if you look at any forum / thread you will notice more loose money then make money.
very true on the losing money

i know no volume right now but any buyers above 1.5970 are thin right now ..we just dropped under a no demand bar and looks like that ltl of the flag will not hold

just a heads up

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[IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot-6.jpg[/IMG]
Blogging daily now at www.volume.zone
  • #189,049
  • Dec 22, 2009 8:57pm Dec 22, 2009 8:57pm
Quoting FXTheOne
GU's gonna retrace to fibo 50 at 6200 before resuming downtrend imo
Price need to stand above 1.5982 first
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #189,050
  • Dec 22, 2009 8:59pm Dec 22, 2009 8:59pm
Quoting malcolmb14
very true on the losing money

i know no volume right now but any buyers above 1.5970 are thin right now ..we just dropped under a no demand bar and looks like that ltl of the flag will not hold

just a heads up

Attachment




[IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot-6.jpg[/IMG]
if im wrong i take my loss like a man, this is business, i do this sh:t for a living and like i said im not always right, but im long at 1.6034 and at 1.5957, i just now start to docoment my trades on demo at:

http://www.myfxbook.com/members/maurice27/moe/9716
  • #189,051
  • Dec 22, 2009 9:03pm Dec 22, 2009 9:03pm
Quoting BiggerPips
if im wrong i take my loss like a man, this is business, i do this sh:t for a living and like i said im not always right, but im long at 1.6034 and at 1.5957, i just now start to docoment my trades on demo at:

http://www.myfxbook.com/members/maurice27/moe/9716
god bless and good luck to all
  • #189,052
  • Dec 22, 2009 9:10pm Dec 22, 2009 9:10pm
Quoting BiggerPips
if im wrong i take my loss like a man, this is business, i do this sh:t for a living and like i said im not always right, but im long at 1.6034 and at 1.5957, i just now start to docoment my trades on demo at:

http://www.myfxbook.com/members/maurice27/moe/9716
cool...just the r:r on that trade does not seem like the mm of a pro. Naybe you will close it earlier than the stop you put in there.

my overnight sell was placed 1.5980 with target 1.5870 1st half, 1.5800 1.4 and 1.5750 last 1/4

stop is 6050
Blogging daily now at www.volume.zone
  • #189,053
  • Dec 22, 2009 9:13pm Dec 22, 2009 9:13pm
Quoting malcolmb14
cool...just the r:r on that trade does not seem like the mm of a pro. Naybe you will close it earlier than the stop you put in there.

my overnight sell was placed 1.5980 with target 1.5870 1st half, 1.5800 1.4 and 1.5750 last 1/4

stop is 6050
you will get to understand this business in do time, good luck and i will check in tommorow
  • #189,054
  • Dec 22, 2009 9:26pm Dec 22, 2009 9:26pm
Quoting BiggerPips
you will get to understand this business in do time, good luck and i will check in tommorow
i also do very well at this ....

7 years in the game .. stops never more than 50 pip
Blogging daily now at www.volume.zone
  • #189,055
  • Dec 22, 2009 9:31pm Dec 22, 2009 9:31pm
Quoting BiggerPips
you will get to understand this business in do time, good luck and i will check in tommorow

still sitting here scratching head... I understand you have wide stop in case it heads down ... but even if it goes slightly under last lowest low on daily (1.5707) you get stopped out i think . Knowing the way pros work they may just do that to entice sellers into the market that want to sell on break of that major support.

one thing I know form being in the game for a while it is not about making billions of pips , even 400 per month is enough , it is about managing risk. Risk management is the key to being a successful trader in my eyes.
Blogging daily now at www.volume.zone
  • #189,056
  • Dec 22, 2009 9:39pm Dec 22, 2009 9:39pm
Pending order sell stop 1.5879 Good night everyone !
  • #189,057
  • Dec 22, 2009 9:54pm Dec 22, 2009 9:54pm
my pending today....
Buy_stop
1.5985 SL 1.5935 Tp 1.6020
Sell_Stop
1.5930 SL 1.5980 Tp1 1.5879 Tp2 1.5810

Play Save.....
  • #189,058
  • Dec 22, 2009 10:05pm Dec 22, 2009 10:05pm
I see alot of things that will slow the cable down around 1.6000 - 1.6015, I will be looking to short around that level near the London open. (Just after my blue box)

Good Luck All!!
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  • #189,059
  • Dec 23, 2009 12:07am Dec 23, 2009 12:07am
Hi everyone
Quiet day but can still make some pips...I'm doing 10 pips stop loss and works very very well...high rr
1.04904 sold USDCHF, +5 now

Good luck and trade smart
"Hate the sin, love the sinner." - Gandhi
  • #189,060
  • Dec 23, 2009 12:31am Dec 23, 2009 12:31am
Went short at 5943 with stop loss at 5970. 5900 is a posibility.
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