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Cable Update (GBPUSD)

  • #211,601
  • Mar 30, 2010 8:21am Mar 30, 2010 8:21am
i'm the dude who's currently at -50pips at 0.60lot.....wanna cry out loud
  • #211,602
  • Mar 30, 2010 8:23am Mar 30, 2010 8:23am
Quoting bbakker
Maybe you should check your profile again, because you have just called yourself the biggest idiot in the world. Goodbye.
Nice change to your profile on your occupation entry from Professional Forex Trader to Full-Time Forex Trader and in record time!

You sir are the biggest fool I have come across in a while, now where is that button.
  • #211,603
  • Mar 30, 2010 8:24am Mar 30, 2010 8:24am
Quoting shiva
Stop fighting and go short
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  • #211,604
  • Mar 30, 2010 8:32am Mar 30, 2010 8:32am
rooom plz
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  • #211,605
  • Mar 30, 2010 8:35am Mar 30, 2010 8:35am
Quoting kill56
let them fight kill, so long not to see kid here doing that...,

but i think it's not interesting., cos the Vouch is not balance..,
should be 10+v VS 10+v... that's much more fun..,
I will be the number one Manager.
  • #211,606
  • Mar 30, 2010 8:42am Mar 30, 2010 8:42am
Quoting allngap
i'm the dude who's currently at -50pips at 0.60lot.....wanna cry out loud
We have all been there!

If using proper Money Management (MM) you should be prepared to lose when you open a position with a SL. If the potential loss makes you feel uncomfortable you are not using proper MM and you should re-evaluate your MM before you open your next position.
  • #211,607
  • Mar 30, 2010 8:43am Mar 30, 2010 8:43am
Oh, I 'd TP my long.
Moscow faced terror bombing attacks:
Day of mourning for Moscow metro bomb victims

Vigils for the nearly 40 victims blown up on packed metro trains on Monday morning come as grief increasingly turns to anger.
http://www.businessweek.com/news/201...-update1-.html
Give me patience
  • #211,608
  • Mar 30, 2010 8:47am Mar 30, 2010 8:47am
Quoting allngap
i'm the dude who's currently at -50pips at 0.60lot.....wanna cry out loud
Well I am the dude who was -120 at .50 during most of the month,,, bit by bit getting back to profit,,,,,,Slowly but surely
  • #211,609
  • Mar 30, 2010 8:49am Mar 30, 2010 8:49am
java +10V or _10V worth nothing we are here to help learn teach we are family
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  • #211,610
  • Mar 30, 2010 8:56am Mar 30, 2010 8:56am
Quoting bbakker
We have all been there!

If using proper Money Management (MM) you should be prepared to lose when you open a position with a SL. If the potential loss makes you feel uncomfortable you are not using proper MM and you should re-evaluate your MM before you open your next position.
actually i had a chance to BE at the retracement levels, but i set my TP too low and was away when i had the chance.

it's already at 161.8 and it still doesnt want to come down, possible to break another fibo level ?
  • #211,611
  • Mar 30, 2010 9:06am Mar 30, 2010 9:06am
Quoting kill56
java +10V or _10V worth nothing we are here to help learn teach we are family
Some are here to help learn teach, others are a waste of space. But at least we can choose who we want to be in our family.
  • #211,612
  • Mar 30, 2010 9:13am Mar 30, 2010 9:13am
Quoting allngap
actually i had a chance to BE at the retracement levels, but i set my TP too low and was away when i had the chance.

it's already at 161.8 and it still doesnt want to come down, possible to break another fibo level ?
If you go over previous posts containing charts of persons who were in a long position, you will find what level they think it will reach. Personally I cannot see it break 15200 and will be looking for a short entry soon.

Sometimes it is better to admit you were wrong, close the position with a loss, re-assess the situation and open a new position with a better entry level than your previous entry. It is against human nature to admit to your own mistakes, but it is a good lesson to learn and hopefully a more profitable one to boot.

Good luck.
  • #211,613
  • Mar 30, 2010 9:18am Mar 30, 2010 9:18am
I hope it will make it to my first TP @ 1.5190 today... with the double bottom on the daily chart and Divergence on the 4hr chart I will be taking only long trades for now...
エンジョイライフ！
  • #211,614
  • Mar 30, 2010 9:20am Mar 30, 2010 9:20am
EU has bounce of the 50% fib and has lost 100 pips already in a matter of 8 hours, so I am looking for a short entry here if it gets back to ~13450

GU will follow soon. Has it peaked at 15128? I am not so sure. I will hold off as we are still seeing some uptrend that might see 15160.

Sorry no charts as I use IG Index and I am too embarrased to post their useless charts.

EDIT: My short entry now for EU is 13435 with a SL @ 13460. Haven't decided a TP yet.
  • #211,615
  • Mar 30, 2010 9:23am Mar 30, 2010 9:23am
Quoting FXplode
I hope it will make it to my first TP @ 1.5190 today... with the double bottom on the daily chart and Divergence on the 4hr chart I will be taking only long trades for now...
Could I ask you where you see Divergence on the 4hr? or what indi are you using? stoch , macd? can`t see any...
  • #211,616
  • Mar 30, 2010 9:24am Mar 30, 2010 9:24am
Sometimes all of our chart can give conflicting indications. Most post here are telling us that the long term sentiment is bearish,,, yet for the last 4 days Cable have gone up by 300 pips,,,,and this is where we newbies are at most risk,,,,, I am neutral at the moment , not knowing where this Cable is gonna take us but today there seem to be a lack of senior trader posting their sentiment,,,,,,,,
  • #211,617
  • Mar 30, 2010 9:27am Mar 30, 2010 9:27am
Quoting solrac
Sometimes all of our chart can give conflicting indications. Most post here are telling us that the long term sentiment is bearish,,, yet for the last 4 days Cable have gone up by 300 pips,,,,and this is where we newbies are at most risk,,,,, I am neutral at the moment , not knowing where this Cable is gonna take us but today there seem to be a lack of senior trader posting their sentiment,,,,,,,,
Seniors did post earlier today and they are all long until about ~15140-15160 when they will TP and re-assess the situation.
  • #211,618
  • Mar 30, 2010 9:39am Mar 30, 2010 9:39am
Quoting bbakker
Some are here to help learn teach, others are a waste of space. But at least we can choose who we want to be in our family.
Hi BBakker,

I've been following your posts for some time and I can see you're a man of wisdom and good will....so keep on posting as you like...

And don't waste your time fighting with people, who have been fooling themselves for already a long time, with a self estimated superiority in trading....here we all know them

GL to you
Non licet omnibus adire Corinthum
  • #211,619
  • Mar 30, 2010 9:47am Mar 30, 2010 9:47am
I keep hearing all these calls for shorts like people baying for blood. Heres my take on the situation.
1) UK GDP up above forecast =Cable up
2)US confidence up above forcast= Cable down
3) As we approach the close of UK session and move into the US session, there is a tendnecy to go range bound.

Bottom line, whip out your bollinger bands and scalp the stuffing out of it.
  • #211,620
  • Mar 30, 2010 9:51am Mar 30, 2010 9:51am
Quoting solrac
Sometimes all of our chart can give conflicting indications. Most post here are telling us that the long term sentiment is bearish,,, yet for the last 4 days Cable have gone up by 300 pips,,,,and this is where we newbies are at most risk,,,,, I am neutral at the moment , not knowing where this Cable is gonna take us but today there seem to be a lack of senior trader posting their sentiment,,,,,,,,
boss

a break of 1.50 has opened up 1.5381 as a possible target, to be achieved in swings.

a break below 1.50 will negate this view and take us back to 1.4783

a break below 1.4783 opens up 1.4364

but in the current scenario

a break of last week high is needed to sustain long positions for the next target 1.5154 or 1,5237

so 1.5112 is the current resistance level, unless this breaks there is no reason to hold longs, and since its being tested again and again the PA does not permit shorts.

so the current scalping range is 1.50 to 1.5112

break any side and you know what to do

i hope this is clear now

never short or long blindly this is what i have been telling people and they call me idiot, well its up to them
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