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Cable Update (GBPUSD)

  • #205,461
  • Mar 12, 2010 5:17am Mar 12, 2010 5:17am
Quoting kill56
so happy for u enjoy
Thanks You Kill..., hope green pips for you too..
I will be the number one Manager.
  • #205,462
  • Mar 12, 2010 5:18am Mar 12, 2010 5:18am
Quoting Ctic
JR,

The 1.51 is roughly the 38.2 to 50 fib on the previous 4H candle. Thus that is a good spot to continue moving upward.
Or right the second I posted this, was a good spot...lol. Up we go.
  • #205,463
  • Mar 12, 2010 5:18am Mar 12, 2010 5:18am
GBPUSD peaked right at the 261.8% Fibo level, (the length of wave 3 is compared with the first one) — ~1.517

It’s more likely now, that the correction has already started.

Moderate sells in order to catch correction move can be opened with initial target 1.507

The chart explaining this scenario is posted in the link below.
  • #205,464
  • Mar 12, 2010 5:20am Mar 12, 2010 5:20am
Wow, just as it starts down, it jumps 20pips up again...

this market is CRAZY!
@pawpaw1000 on Twitter
  • #205,465
  • Mar 12, 2010 5:22am Mar 12, 2010 5:22am
yep and my SL was reach
  • #205,466
  • Mar 12, 2010 5:23am Mar 12, 2010 5:23am
Quoting pawpaw1000
Wow, just as it starts down, it jumps 20pips up again...

this market is CRAZY!
I think it wants to retest 1.52 before any significant drop. I suggest sellers to be cautious.
  • #205,467
  • Mar 12, 2010 5:24am Mar 12, 2010 5:24am
i hope you'r right pyramus...
  • #205,468
  • Mar 12, 2010 5:25am Mar 12, 2010 5:25am
Quoting bbakker
Also by keeping a log of every trade that includes your emotional state, place of execution, reasons for open and reasons for close, you will plan your trades much better, reduce the number of total positions and hopefully increase the number of profitable positions. It is also a pain in the backside to update the spreadsheet if you are doing too many trades. At the weekend go back through the week's trading, to see where you went right and where you went wrong. It is a great eye-opener. If you don't log your trades in a spreadsheet, I suggest you...

agree we do learn every day from our mistakes and its crackforex crazy
  • #205,469
  • Mar 12, 2010 5:26am Mar 12, 2010 5:26am
Quoting bonus76
HI TauTrader
Is there any chance i can have ur tau cycle indicator?
Good day to you,

Still testing - will only consider sharing once I am happy it performs as intended.

Wish you success

Regards
  • #205,470
  • Mar 12, 2010 5:27am Mar 12, 2010 5:27am
Quoting kill56
agree we do learn every day from our mistakes and its crackforex crazy
yes, very important to take care of your emotional and mental state!
  • #205,471
  • Mar 12, 2010 5:27am Mar 12, 2010 5:27am
Quoting pawpaw1000
Wow, just as it starts down, it jumps 20pips up again...

this market is CRAZY!
remember the earlier post, make a top, start down, retrace higher to take out stops and then the fall. Happen alot
  • #205,472
  • Mar 12, 2010 5:27am Mar 12, 2010 5:27am
room any body remember when the cable went down 1000pips about 3 y ago that was crazy
  • #205,473
  • Mar 12, 2010 5:29am Mar 12, 2010 5:29am
For this afternoon, my short-term risky play as we are into the 3rd day up-trend -

Resistance found at 15170 (touched twice). Opened short order with a SL of 15 (minimum allowed) (R/R @ 3:1). If order not opened by 13:15, I will delete it before the US Retail news. Might already be too late.

Do not what I say, you have your own mind to make your own decisions.
  • #205,474
  • Mar 12, 2010 5:30am Mar 12, 2010 5:30am
Quoting JRoyal
remember the earlier post, make a top, start down, retrace higher to take out stops and then the fall. Happen alot


also dont buy from a high and sell from a low unless u have a profit in and u are adding
  • #205,475
  • Mar 12, 2010 5:31am Mar 12, 2010 5:31am
Quoting kill56
room any body remember when the cable went down 1000pips about 3 y ago that was crazy
You ain't seen nothing yet! Mark June in your diary!
  • #205,476
  • Mar 12, 2010 5:33am Mar 12, 2010 5:33am
Quoting Sbenben92
i hope you'r right pyramus...
However, it would be best if you can safeguard some of your profit and let the remainder just run USD index is about to climb up again that would be the best time to sell GBP for the retracement.
  • #205,477
  • Mar 12, 2010 5:37am Mar 12, 2010 5:37am
Guys, plz help me.
am a newbie and already am in a messs....
any suggestions...
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  • #205,478
  • Mar 12, 2010 5:38am Mar 12, 2010 5:38am
Quoting kill56
also dont buy from a high and sell from a low unless u have a profit in and u are adding
well, it has retraced twice already, when can it start to fall!!!

Still a long day ahead and we could see alot more movement today or you reckon most of it is done for today???
@pawpaw1000 on Twitter
  • #205,479
  • Mar 12, 2010 5:40am Mar 12, 2010 5:40am
Quoting pawpaw1000
well, it has retraced twice already, when can it start to fall!!!

Still a long day ahead and we could see alot more movement today or you reckon most of it is done for today???
for me i will wait for the USA news
  • #205,480
  • Mar 12, 2010 5:44am Mar 12, 2010 5:44am
Ai, I'm making sooo many mistakes the last 2 days!!! first 3 days of the week was great! now i'm just causing S%$& for myself...
@pawpaw1000 on Twitter
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