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Cable Update (GBPUSD)

  • #206,561
  • Mar 16, 2010 12:14pm Mar 16, 2010 12:14pm
Quoting pawpaw1000
being a newbie is tough, as I'm sure all of you know! I'm starting to think that if I can stay at break even for the next couple of months while learning I'll be doing well!

But then again, If i get a day where I'm in for 150pips like today could've been, My balance would look very good! after 2 weeks am down 4%...

was up 8%!!!
bit of a noob like you i have only just began to get profitable. last 3 days have been excellent im pissed cause i exited too early on trades that i had optimum entry and i could have easily earned 150 on each day as i enetered in the right direction only get scared and take profits (However i was happy i did that today as i was short from 5060 down to 4990 and jumped out quick). got burnt a couple times today going against the trend but am well up, just bagged another 50 pips on the last kick up but the lot was small. This month i am well up in feb i was cruising and loving it until the massive bear drops took place and i was constantly going agianst the trend and gave back 213 of the 230 pips i had made. breaking even for a month is a great feeling and profiting is even better
  • #206,562
  • Mar 16, 2010 12:18pm Mar 16, 2010 12:18pm
Quoting cableboy
bit of a noob like you i have only just began to get profitable. last 3 days have been excellent im pissed cause i exited too early on trades that i had optimum entry and i could have easily earned 150 on each day as i enetered in the right direction only get scared and take profits (However i was happy i did that today as i was short from 5060 down to 4990 and jumped out quick). got burnt a couple times today going against the trend but am well up, just bagged another 50 pips on the last kick up but the lot was small. This month i am well up in...
thanks brother, so I guess mm is the name of the game so you have time to reach the times when you finally become profitable!!!

lets hope 2moro is better, will be up again for the frankfurt / London open and waiting for the trend. The problem is I start training at 8am gmt which gets me into a trade but can never nurse it...

Thursday I have off so will try and make a killing then! :nerd:
@pawpaw1000 on Twitter
  • #206,563
  • Mar 16, 2010 12:20pm Mar 16, 2010 12:20pm
Quoting pawpaw1000
wow brother, havent you been burnt enough! I dont know if I have the energy to even click for a short!!! will wait for london open 2moro morning!
thinking like you bro but my fingers are itching to enter a short at 230 the voice says go on son yopu know you wanna its had enough she going down, fundamentals are neghetive theres a whole heap of space downwards have a pop get those pips. Dam devil!!!!! i aint listenin waitin til london to c watadoooo
  • #206,564
  • Mar 16, 2010 12:20pm Mar 16, 2010 12:20pm
Quoting nAVIN2007
trend change ladies..
First Hello bro
Second In my view
No we r still in down trend
Let's see how price react if it go @ 1.5275 can weekly close above it??!!

PS:
Everyone trade depends on his view and they way he read his own chart
GL ALL
  • #206,565
  • Mar 16, 2010 12:23pm Mar 16, 2010 12:23pm
guess no one here is on soros's bandwagon anymore. i wonder where our friend with his inside connection is now .... best joke
Thank You
  • #206,566
  • Mar 16, 2010 12:23pm Mar 16, 2010 12:23pm
BOE's Bean: 'Considerable Doubts' On Strength Recovery, CPI
--Says All Policy Options Remain On The Table In The Months Ahead
------------------------------------------------------------------------
Bank of England Deputy Governor Charles Bean today underlined his
"considerable doubts" over the strength of the UK economic recovery and
about the likely course of inflation. In a speech to Cambridge alumni
tonight, Bean stressed that the Monetary Policy Committee would leave
all its policy options open in the months ahead. Bean set out a raft of
reasons to be both cheerful and fearful over the UK's economic outlook.
He made clear that the door remained open to further quantitative
easing, while highlighting the uncertainty surrounding the economic
outlook. Bean said underlying inflation had proved surprisingly
resilient in the UK, given the sharp fall in output, but the MPC
nevertheless expected the large margin of spare capacity in the economic
to force inflation back to target.
  • #206,567
  • Mar 16, 2010 12:25pm Mar 16, 2010 12:25pm
Quoting wormboy
guess no one here is on soros's bandwagon anymore. i wonder where our friend with his inside connection is now .... best joke

me and him last night had fun he told me u are the one buying cable
  • #206,568
  • Mar 16, 2010 12:27pm Mar 16, 2010 12:27pm
Quoting kill56
me and him last night had fun he told me u are the one buying cable
lol, i told you soros is toast. I got martha & shittibank on my side
Thank You
  • #206,569
  • Mar 16, 2010 12:33pm Mar 16, 2010 12:33pm
welp, guess this is the top of the mountain ........ for now

sold @5256 with 100 pip hard stop. target is also 100 pip minimum before buying back up.
Good luck everyone. Chow
Thank You
  • #206,570
  • Mar 16, 2010 12:36pm Mar 16, 2010 12:36pm
Quoting pawpaw1000
being a newbie is tough, as I'm sure all of you know! I'm starting to think that if I can stay at break even for the next couple of months while learning I'll be doing well!

But then again, If i get a day where I'm in for 150pips like today could've been, My balance would look very good! after 2 weeks am down 4%...

was up 8%!!!
Welcome to the club,,,,,, same here !!!
  • #206,571
  • Mar 16, 2010 12:37pm Mar 16, 2010 12:37pm
This is ridiculous! all my indicators are telling me to sell, fundamentals are telling me to sell but PRICE KEEPS GOING UP!!! THIS IS CRAZY!

Where will it end, 53/54/98!!!!
@pawpaw1000 on Twitter
  • #206,572
  • Mar 16, 2010 12:38pm Mar 16, 2010 12:38pm
Start Hedging..,protect all profit...,this day already to far.., (beside that i'm so sleepy... )
I will be the number one Manager.
  • #206,573
  • Mar 16, 2010 12:40pm Mar 16, 2010 12:40pm
Quoting pawpaw1000
This is ridiculous! all my indicators are telling me to sell, fundamentals are telling me to sell but PRICE KEEPS GOING UP!!! THIS IS CRAZY!

Where will it end, 53/54/98!!!!

She has a bit to go before topping out. Don't try to pick top and bottoms, wait for a confirmation of reversal first...
  • #206,574
  • Mar 16, 2010 12:41pm Mar 16, 2010 12:41pm
Quoting solrac
Welcome to the club,,,,,, same here !!!
well, to be fair, as long as MM is good, we could catch a ride on one of these boats and we will be well up for the month...

But we first need to catch the boat and it looks like I'm never swimming quick enough
@pawpaw1000 on Twitter
  • #206,575
  • Mar 16, 2010 12:41pm Mar 16, 2010 12:41pm
couldnt resist the temptation i entered right at the top of the 5 min upward bar at 5258.
  • #206,576
  • Mar 16, 2010 12:41pm Mar 16, 2010 12:41pm
Quoting cableboy
couldnt resist the temptation i entered right at the top of the 5 min upward bar at 5258.
short btw
  • #206,577
  • Mar 16, 2010 12:42pm Mar 16, 2010 12:42pm
Quoting cableboy
couldnt resist the temptation i entered right at the top of the 5 min upward bar at 5258.
all I can say is good luck brother... You're doing what I wish I could...

BUT CANT AS I'M TIRED OF BEING BURNT

but with forex its gonna happen, especially with us noobs...
@pawpaw1000 on Twitter
  • #206,578
  • Mar 16, 2010 12:44pm Mar 16, 2010 12:44pm
Quoting cloggie
She has a bit to go before topping out. Don't try to pick top and bottoms, wait for a confirmation of reversal first...
thanks cloggie, seems 54 is next real resistance?? but surely it wont go that far???
@pawpaw1000 on Twitter
  • #206,579
  • Mar 16, 2010 12:47pm Mar 16, 2010 12:47pm
Quoting malcolmb14
Congrats to all that made some pips today. I was out of the market as no time for trading

Just wanted to post this chart

Heavy buying in the 1,5020 zone last 10 hours. The move down overnight was another one of those ' oh look politics in the UK is falling apart' kind of move. Much like the 400 pip one we saw the other week that got bought into heavily . I would not be surprised for this to test 1.5240 level in next 24 hours

It will be an interesting week for both buyers and sellers and intraday there will be loads of chances for both ....
Spot on! Kudos!
  • #206,580
  • Mar 16, 2010 12:47pm Mar 16, 2010 12:47pm
Quoting pawpaw1000
all I can say is good luck brother... You're doing what I wish I could...

BUT CANT AS I'M TIRED OF BEING BURNT
that was funny..same here
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