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Cable Update (GBPUSD)

  • #189,061
  • Dec 23, 2009 12:38am Dec 23, 2009 12:38am
Hello,
For me
NO trading for today.

atheer1
atheer1
  • #189,062
  • Dec 23, 2009 12:40am Dec 23, 2009 12:40am
Good day to all... Today is all about pips, profits and making bank. Guess Who's back?! Sell-la-mania... A friend ask "why do U always cause a stir?"

And I replied... I tell de truth. Sell-mates get ready... London session!! Sell!!!
  • #189,063
  • Dec 23, 2009 12:43am Dec 23, 2009 12:43am
Quoting malcolmb14
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.


But for this major kill... Cable is going down. Forget about be emotional, it aint Love, a beauty or a brand new ferrari... Sell!!!
  • #189,064
  • Dec 23, 2009 12:49am Dec 23, 2009 12:49am
Quoting Arya323
Went short at 5943 with stop loss at 5970. 5900 is a posibility.

Ride on Brotha... Bank the pips both watch your SL too.
  • #189,065
  • Dec 23, 2009 12:50am Dec 23, 2009 12:50am
Anyone think the very last news before christmas will have any effect?

Yesterdays news was bad so it went along with the bearish trend anyways. But if the news today is good think it might go up again?
  • #189,066
  • Dec 23, 2009 12:51am Dec 23, 2009 12:51am
Quoting Reznik
But for this major kill... Cable is going down. Forget about be emotional, it aint Love, a beauty or a brand new ferrari... Sell!!!
Ok but don't try to predict because right now we're just doing range on all the pairs, just use good mm.
"Hate the sin, love the sinner." - Gandhi
  • #189,067
  • Dec 23, 2009 12:56am Dec 23, 2009 12:56am
Quoting malcolmb14
i also do very well at this ....

7 years in the game .. stops never more than 50 pip


Got to agree with U... Keep your SL between 30-50 pips.
  • #189,068
  • Dec 23, 2009 1:00am Dec 23, 2009 1:00am
Quoting TheGabriel
Ok but don't try to predict because right now we're just doing range on all the pairs, just use good mm.


Brotha, we going down... Predicted it yesterday. Bad news!! And today "Bad news day" again!! Ups!! i said it.
  • #189,069
  • Dec 23, 2009 1:00am Dec 23, 2009 1:00am
Quoting Reznik
Got to agree with U... Keep your SL between 30-50 pips.
Maximum SL is 35 pips for me.
  • #189,070
  • Dec 23, 2009 1:02am Dec 23, 2009 1:02am
Quoting Reznik
Brotha, we going down... Predicted it yesterday. Bad news!! And today "Bad news day" again!! Ups!! i said it.

I hope so ...i'm prepared a big bang too bro if happens. Don't like range much but can trade them.
"Hate the sin, love the sinner." - Gandhi
  • #189,071
  • Dec 23, 2009 1:19am Dec 23, 2009 1:19am
Hi Guys,

We have had 5 down days in a row today being the 6th day.
How often do we get say 3 down days with out their being at least 1 up day?
Just food for thought.

Happy trading.
  • #189,072
  • Dec 23, 2009 1:29am Dec 23, 2009 1:29am
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Opened at 1.5963, high of 1.5977, low of 1.57695.

Today, opened at 1.5964, high of 1.5977 (only so far, so could be invalidated in a short while, or maybe not...) low of ????

Good luck all.

i
  • #189,073
  • Dec 23, 2009 1:44am Dec 23, 2009 1:44am
Consider to go short at 1.5956 , 1.5976 or 1.5996 ! :nerd: Took a long on EG !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #189,074
  • Dec 23, 2009 1:44am Dec 23, 2009 1:44am
Still hold Long from yesterday .5950 SL 5800 TP 6200
  • #189,075
  • Dec 23, 2009 1:52am Dec 23, 2009 1:52am
Quoting FXTheOne
Still hold Long from yesterday .5950 SL 5800 TP 6200
A bit risky. Good luck.
Don't beware MPC Meeting Minutes
You cannot learn better without losing
  • #189,076
  • Dec 23, 2009 1:54am Dec 23, 2009 1:54am
Holy stagnation batman.
  • #189,077
  • Dec 23, 2009 1:57am Dec 23, 2009 1:57am
OMG THIS THING IS GONNA DROP LIKE A ROCK!

http://thepatternsite.com/bigm.html

Quote
Breakout confirmation - The pattern confirms as a valid one when price closes below the lowest valley between the double tops.

So basically... if this breaks below 1.57 G/U is doomed =)
  • #189,078
  • Dec 23, 2009 2:42am Dec 23, 2009 2:42am
Mo i have going on about this for WEEKS oot the timing a bit off ,,, but all i got was laughed at .

I

Quoting MoForce
OMG THIS THING IS GONNA DROP LIKE A ROCK!

http://thepatternsite.com/bigm.html



So basically... if this breaks below 1.57 G/U is doomed =)
Blogging daily now at www.volume.zone
  • #189,079
  • Dec 23, 2009 3:00am Dec 23, 2009 3:00am
30 mins till news, hopefully that will get the market to actually move a little bit
  • #189,080
  • Dec 23, 2009 3:05am Dec 23, 2009 3:05am
Quoting kasooi
30 mins till news, hopefully that will get the market to actually move a little bit
Chart move up & down like crazy right now.

But i guest the news is good.

And we must waiting until US news today.
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