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Cable Update (GBPUSD)

  • #192,281
  • Jan 12, 2010 5:06am Jan 12, 2010 5:06am
Quoting GlobalMacro
There you go...

so

just go flat!!!

and....when you do that you don't have to pay any margin AT ALL!

a lot better, don't you think?
Also for your note,
I'm not building Long positions yet and still bearish.
I'm just scalping through the PA.
  • #192,282
  • Jan 12, 2010 5:07am Jan 12, 2010 5:07am
Quoting Baby-Trader
H4 update
A few posts ago you saw the daily as bullish. Your 4hr chart looks distinctly bearish to me.
  • #192,283
  • Jan 12, 2010 5:08am Jan 12, 2010 5:08am
Quoting albchr
I'm good bro. Took a bit of time off the forums to do some study and streamline things a bit. Doing well this year so far. Last year I averaged 16.7% a month. This year is a bit better (so far..lol). Obviously a bit too early to tell but I've been building the old confidence up to start upping the anti now....

I have been lurking though and I see you're still kicking it as usual. Always impressed GM ...


great to hear....buddy...
me...lol...I gotta do what I gotta do....lol

Wish you all the best for 2010!
Hear the music before the song is over ...
  • #192,284
  • Jan 12, 2010 5:09am Jan 12, 2010 5:09am
Quoting AndyPass
A few posts ago you saw the daily as bullish. Your 4hr chart looks distinctly bearish to me.
Look at the daily chart itself. it is lokking bullish.
  • #192,285
  • Jan 12, 2010 5:11am Jan 12, 2010 5:11am
Quoting AndyPass
A few posts ago you saw the daily as bullish. Your 4hr chart looks distinctly bearish to me.
look at it Higher lows
Attached Image (click to enlarge)
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  • #192,286
  • Jan 12, 2010 5:11am Jan 12, 2010 5:11am
Quoting Baby-Trader
Also for your note,
I'm not building Long positions yet and still bearish.
I'm just scalping through the PA.
not for me to say what you should or should not do...

but hedging is just a psychological relief (didn't wanna say "denial") to avoid reconsidering..

best go flat....clear your book....and reconsider your position...

again it's your money!

Wish you success!
Hear the music before the song is over ...
  • #192,287
  • Jan 12, 2010 5:13am Jan 12, 2010 5:13am
GM,
Look @PA now.
I scalped 31 pip on last up thrust.
and now my shorts still in play.
Is it bad???
  • #192,288
  • Jan 12, 2010 5:14am Jan 12, 2010 5:14am
Quoting Baby-Trader
Look at the daily chart itself. it is lokking bullish.
Only for about 3 days, and cable's struggling to reach yesterday's high. The daily isn't bullish.

There's only one way this is going I'm afraid. I'm just gutted that my short at 1.6172 wasn't triggered.
  • #192,289
  • Jan 12, 2010 5:15am Jan 12, 2010 5:15am
Quoting Baby-Trader
look at it Higher lows
And where are the higher highs?
  • #192,290
  • Jan 12, 2010 5:17am Jan 12, 2010 5:17am
Quoting AndyPass
And where are the higher highs?
sleeping
  • #192,291
  • Jan 12, 2010 5:18am Jan 12, 2010 5:18am
Look on W1. We are in the flat from 24-05-2009... we are there yet.
  • #192,292
  • Jan 12, 2010 5:19am Jan 12, 2010 5:19am
Quoting Baby-Trader
Look at the daily chart itself. it is lokking bullish.
The daily is still open BT. Never assume anything till it's confirmed.
Chart below, see any resemblance?
Wait till the daily close if you're gonna use it.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gud.JPG Size: 61 KB
Thank You
  • #192,293
  • Jan 12, 2010 5:19am Jan 12, 2010 5:19am
Quoting AndyPass
And where are the higher highs?
for your info.
No one on the earth can tell you the direction for the price.
It's just a game of probabilities
  • #192,294
  • Jan 12, 2010 5:22am Jan 12, 2010 5:22am
Quoting wormboy
The daily is still open BT. Never assume anything till it's confirmed.
Chart below, see any resemblance?
Wait till the daily close if you're gonna use it.
Good luck.
Thanks Wormboy,
yesterday when I was deeply looking at charts I felt that and post it.
Quoting Baby-Trader
Maybe the price will not make a new high today.
just maybe.
if it will, I will start to change my bias.
  • #192,295
  • Jan 12, 2010 5:22am Jan 12, 2010 5:22am
:nerd:1.6121 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,296
  • Jan 12, 2010 5:23am Jan 12, 2010 5:23am
Quoting Baby-Trader
GM,
Look @PA now.
I scalped 31 pip on last up thrust.
and now my shorts still in play.
Is it bad???

I thought you said you "hedged"...

What you just did was not hedging...
Hear the music before the song is over ...
  • #192,297
  • Jan 12, 2010 5:27am Jan 12, 2010 5:27am
Quoting GlobalMacro
not for me to say what you should or should not do...

but hedging is just a psychological relief (didn't wanna say "denial") to avoid reconsidering..

best go flat....clear your book....and reconsider your position...

again it's your money!

Wish you success!
Thanks GM,
I'll consider each word you said. you have a great & solid experience than me.
And I'm here to learn from all of you.
and evry day I learn something new frome someone.

I continually post my charts and analsis to let all of you correct me and hear your comments on it.
So, I'll continually progress by your comments and advices.

Thanks again GM
  • #192,298
  • Jan 12, 2010 5:27am Jan 12, 2010 5:27am
Quoting Baby-Trader
....

Hi Baby !
Wait breakout 1.6061. after it first goal is 1.59276
  • #192,299
  • Jan 12, 2010 5:29am Jan 12, 2010 5:29am
Quoting GlobalMacro
I thought you said you "hedged"...

What you just did was not hedging...
sorry, It's Scalping.
  • #192,300
  • Jan 12, 2010 5:34am Jan 12, 2010 5:34am
My wave counts suggests this pair has been in a wave 4 correction for sometime and still suggests a decline below the 1.57 towards 1.535 for the wave 4 correction to be completed and then there hould be a rise for 1.73 level in the long term movement.
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