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Cable Update (GBPUSD)

  • #205,141
  • Mar 11, 2010 7:14am Mar 11, 2010 7:14am
Quoting mloistianto
true,, i do have experience of having a sentiment. being sentimental is not good in this kind of business... we must not loyal to one side. but to both side. this business is just like selling weapons.. if we side to one party. someday our side will be eliminated.. why dont we just take both sides.. how beautiful forex is.

BTW, FUdomyo's post is good.. Its important for newbies. dont take side.... we cannot know how reliable that side we took on..
Well, the next move is not yet known. I think we should keep on watching our charts and see who will win at the end of the day.
  • #205,142
  • Mar 11, 2010 7:14am Mar 11, 2010 7:14am
Quoting mima
Fantastic analysis.
and the date of that post was!
  • #205,143
  • Mar 11, 2010 7:17am Mar 11, 2010 7:17am
Quoting marcus1rex
except that they're inevitable.
Minor ones, yes. Major ones, no.

Everyone trades differently.

The way I see it, the cost of entry is cheap, so if we're ready for a major pullback, I bank my profits, take the counter trade, and re-enter once we cross back up. and I don't try to catch bottoms or tops. (I'm not smart enough to do that)

If I can catch 60-70% of the total move on most trades, I'm really happy and I don't have to try too hard or stress out.

....lol I'm lazy.
  • #205,144
  • Mar 11, 2010 7:19am Mar 11, 2010 7:19am
bad day realy bad day trade is gambeling today
  • #205,145
  • Mar 11, 2010 7:20am Mar 11, 2010 7:20am
Quoting JRoyal
Bulls, be cautious. We're in a sell zone.
Looks like you are making some pips now.
  • #205,146
  • Mar 11, 2010 7:22am Mar 11, 2010 7:22am
Quoting mima
Fantastic analysis.
Quoting PipLand
and the date of that post was!
I fell for that chestnut! Change thread option to display newest posts 1st is my recommendation.
  • #205,147
  • Mar 11, 2010 7:24am Mar 11, 2010 7:24am
Quoting Nasca
Good read, thank you for your time, sir.
No problem just trying to help.
  • #205,148
  • Mar 11, 2010 7:24am Mar 11, 2010 7:24am
Quoting Fudomyo
Minor ones, yes. Major ones, no.

Everyone trades differently.

The way I see it, the cost of entry is cheap, so if we're ready for a major pullback, I bank my profits, take the counter trade, and re-enter once we cross back up. and I don't try to catch bottoms or tops. (I'm not smart enough to do that)

If I can catch 60-70% of the total move on most trades, I'm really happy and I don't have to try too hard or stress out.

....lol I'm lazy.
u are wise my friend. lazy is good in trading. aggressive is bad not only for your health but also for your investment.
  • #205,149
  • Mar 11, 2010 7:27am Mar 11, 2010 7:27am
For all our folks who are hoping to achieve 5120 today, the evening star forming on H4 must not play out. Well, we still have 2 hours
  • #205,150
  • Mar 11, 2010 7:28am Mar 11, 2010 7:28am
Quoting tundeakins
Looks like you are making some pips now.
I'm making a few. Never know when big money gonna come get you and then take it down so time will tell how it works out.
  • #205,151
  • Mar 11, 2010 7:28am Mar 11, 2010 7:28am
Quoting bbakker
He who laughs last, laughs the loudest. If you are going to take the piss, at least know what you are doing.
i'm scare.... ...
I will be the number one Manager.
  • #205,152
  • Mar 11, 2010 7:30am Mar 11, 2010 7:30am
Quoting Fudomyo
Minor ones, yes. Major ones, no.

Everyone trades differently.

The way I see it, the cost of entry is cheap, so if we're ready for a major pullback, I bank my profits, take the counter trade, and re-enter once we cross back up. and I don't try to catch bottoms or tops. (I'm not smart enough to do that)

If I can catch 60-70% of the total move on most trades, I'm really happy and I don't have to try too hard or stress out.

....lol I'm lazy.
Are you a lazy Fibs trader then or is that too generalised?
  • #205,153
  • Mar 11, 2010 7:35am Mar 11, 2010 7:35am
Quoting JRoyal
I'm making a few. Never know when big money gonna come get you and then take it down so time will tell how it works out.
Well the news is finally out. I think they are indecision between buyers and sellers now. The technical indicators are telling me to start selling but looking at it now I will have to wait and see who wins.
  • #205,154
  • Mar 11, 2010 7:37am Mar 11, 2010 7:37am
With a shrinking trade balance, quite surprising with a stronger $ and a slight shrinking of unemployment claims, but worse than expected, this news hasn't exactly rocked cable. I am surprised with 15m unemployed there are only 462K claiming. FTSE went down with the news.
  • #205,155
  • Mar 11, 2010 7:38am Mar 11, 2010 7:38am
Quoting tundeakins
Well the news is finally out. I think they are indecision between buyers and sellers now. The technical indicators are telling me to start selling but looking at it now I will have to wait and see who wins.
I'm already in so we'll see but money management is key so if I lose I lose but if it works out I'm looking at a target that gives me about 3:1 win/lose ratio so I'll just wait and see how the market reacts.
  • #205,156
  • Mar 11, 2010 7:42am Mar 11, 2010 7:42am
Quoting javapips
i'm scare.... ...
I shall let sleeping dogs lie.
  • #205,157
  • Mar 11, 2010 7:44am Mar 11, 2010 7:44am
Quoting JRoyal
I'm already in so we'll see but money management is key so if I lose I lose but if it works out I'm looking at a target that gives me about 3:1 win/lose ratio so I'll just wait and see how the market reacts.
It's heading back down again...
  • #205,158
  • Mar 11, 2010 7:49am Mar 11, 2010 7:49am
Quoting bbakker
It's heading back down again...
This is where trading in zones becomes important. When we reach a sell zone and I see weakness I enter based on my own set of rules but I try not to wait for a ton of confirmation because you end up late to the party. Not that I don't wait for any confirmation but when weakness shows up you just pull the trigger and use good money management. I sold it as it was going up to be honest with you but I expected it to drop like it is but large money sometimes will run price up just to stop the early sellers out and then push it back down so that's the part that is the most uncertain not which way it's going to go.
  • #205,159
  • Mar 11, 2010 8:03am Mar 11, 2010 8:03am
Quoting JRoyal
This is where trading in zones becomes important....

thats why i love shorts bro
  • #205,160
  • Edited 8:31am Mar 11, 2010 8:04am | Edited 8:31am
Got interest after tundeakins about this pair few min back & so looking if any great trade here today.

In daily only buy setup perfection occured & still take long time have cd complete & not any problem here if fall to 1.4568 or lower.

In h4 price about to complete sell signal , only last cd to finish & may need it go up 1.5187-1.5272.
in h1 same also price to up 1.5063 to complete sell signal but may fall to 1.4948 support before get this level.

Anyway it seems to me overall bearish continuation whatever up( limited ? ) it goes as there no clean patterns for the reversal . waiting which levels it reach first to a trade here .little late in posting & the news also over & here only some down movement seeing.not any promising up or may wait any great news today ?
fontu
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