Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#205,621
Mar 12, 2010 10:36am Mar 12, 2010 10:36am

bigwal
| Commercial User | Joined Sep 2008 | 580 Posts

I cant help but imagine your mind is like a see saw, up,down, up ,down.

Relax take your time, wait for the market to show you where she wants to go.

Yes she did break through the res and is now testing for support, so its not support until it holds and moves on up again. Wait until candles close.

Also dont ever wish you were in a trade, if the train has left the station, there maybe another chance if you see the right price action at this area

Warren

I need to finish something i started

#205,622
Mar 12, 2010 10:38am Mar 12, 2010 10:38am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

So, I have my micro account for 1 week and have learnt so much. but what makes me happiest is I have a 4% gain for the week!

Thanks to all who replied on this forum today, was really good, even though i made soooo much S^%% this morning, things turned around when I took it calm...

@pawpaw1000 on Twitter

#205,623
Mar 12, 2010 10:40am Mar 12, 2010 10:40am

lexazver
| Joined Dec 2006 | Status: o_O | 1,511 Posts

we could see difficulty properly penetrating and staying above 1.5220 today. as we are in the channel and already traveled quite far in one day.

Attached Image (click to enlarge)

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#205,624
Mar 12, 2010 10:40am Mar 12, 2010 10:40am

No Stress
| Joined Oct 2009 | Status: No patience = No trading | 307 Posts

Short GU at 1.5192 SL 1.5242 TP 1.5042. Hold against old top and old bottom and TP for 50% retrace.

Good trading.

No Signal, No Trade. No fundamenals, No headache.

#205,625
Mar 12, 2010 10:41am Mar 12, 2010 10:41am

thrishelle
| Joined Aug 2008 | Status: Trader | 154 Posts

Quoting pawpaw1000

Disliked

So, bull or bear???

Ignored

I think Full of Beer

#205,626
Mar 12, 2010 10:43am Mar 12, 2010 10:43am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting thrishelle

Disliked

I think Full of Beer

Ignored

sounds like an option after trading 5 days straight!!!

@pawpaw1000 on Twitter

#205,627
Mar 12, 2010 10:44am Mar 12, 2010 10:44am

JRoyal
| Joined Jan 2010 | Status: Trader | 105 Posts

Amazed that we didn't get a stronger pull back. Covered my shorts when price stalled at 1.5125. Resistance became support. Made money early, watched everyone else make money for the rest of the day. Looks like my original price target area of 1.5600 - 1.5800 may be an option but I was wrong about getting a pull back so I could get repositioned. Kinda wishing I had left that buy at 1.4879 open instead of closing it yesterday anticipating the retrace back down

Oh well, there's always Monday

#205,628
Mar 12, 2010 10:45am Mar 12, 2010 10:45am

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

short 1.5194 SL 1.5210

#205,629
Mar 12, 2010 10:49am Mar 12, 2010 10:49am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting JRoyal

Disliked

Amazed that we didn't get a stronger pull back. Covered my shorts when price stalled at 1.5125. Resistance became support. Made money early, watched everyone else make money for the rest of the day. Looks like my original price target area of 1.5600 - 1.5800 may be an option but I was wrong about getting a pull back so I could get repositioned. Kinda wishing I had left that buy at 1.4879 open instead of closing it yesterday anticipating the retrace back down Oh well, there's always Monday

Ignored

Pullback might come now??? It'll propably just trickle down to 50% retracement but it should get there eventually...

Worth a shot with 52 as resistance to cover your back???

@pawpaw1000 on Twitter

#205,630
Mar 12, 2010 10:52am Mar 12, 2010 10:52am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting No Stress

Disliked

Short GU at 1.5192 SL 1.5242 TP 1.5042. Hold against old top and old bottom and TP for 50% retrace.

Good trading.

Ignored

your tp is quite low... (I mean far, think it'll go that far???)

@pawpaw1000 on Twitter

#205,631
Mar 12, 2010 10:58am Mar 12, 2010 10:58am

No Stress
| Joined Oct 2009 | Status: No patience = No trading | 307 Posts

Quoting pawpaw1000

Disliked

your tp is quite low... (I mean far, think it'll go that far???)

Ignored

Waiting for 50% retrace from the recent bottom which is 1.4872. When passing through 1.5102, i have to take care if reach or not 50% with at least 50 pips. If yes, GU is in a weak position and will go down again. If not, i have to cover short and go long. There are no price quite far.

No Signal, No Trade. No fundamenals, No headache.

#205,632
Mar 12, 2010 11:00am Mar 12, 2010 11:00am

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

i think 1.42 from here

#205,633
Mar 12, 2010 11:02am Mar 12, 2010 11:02am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting Clouds

Disliked

i think 1.42 from here

Ignored

well 1.5162 was strong resistance (or round about there) so will propably become strong support???

@pawpaw1000 on Twitter

#205,634
Mar 12, 2010 11:03am Mar 12, 2010 11:03am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

is there a expert here on s/r??? what normally happens when there is a failed breach, retracement normally right? And then maybe a second go at it if there is enough steam? And if it isnt breached then, DOWN???

@pawpaw1000 on Twitter

#205,635
Mar 12, 2010 11:04am Mar 12, 2010 11:04am

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

amazing what the fixing do with darn large azz orders befor london closing

#205,636
Mar 12, 2010 11:06am Mar 12, 2010 11:06am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting Tsar

Disliked

You've Good Question, Bro

I've experienced several times with SIDEWAY Genesis.
Had to wait until 8 Hours !

According my View :Sometimes caused 2 Markets have Contrary.
ONE wanted a Price go UP & the OTHER wants Price go DOWN.

So... PRICE End is known when One MARKET Close.

Ignored