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Cable Update (GBPUSD)

  • #216,541
  • Apr 13, 2010 3:58am Apr 13, 2010 3:58am
Quoting bbakker
BB is long, Magix is short and I am piggy in middle
Piggy ay? I suppose that means your flat
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #216,542
  • Apr 13, 2010 4:00am Apr 13, 2010 4:00am
Can some one please tell me i am not crazy :d
Attached Image (click to enlarge)
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SCARED MONEY NEVER DOES GOOD IN FOREX
  • #216,543
  • Apr 13, 2010 4:01am Apr 13, 2010 4:01am
Quoting OldReigatian
I know I'm going to regret this, but I've closed my long for an 25 pip profit.
If you are on the right side of the news spike there is nothing wrong with booking your profit and wait to see where the market takes us.
  • #216,544
  • Apr 13, 2010 4:02am Apr 13, 2010 4:02am
Quoting omiunu
Can some one please tell me i am not crazy :d
That is some serious risk for the size of your account. I hope it is demo if not go find the number for GA in the yellow pages. $30 a pip on a $2800 account, hmmmm
  • #216,545
  • Apr 13, 2010 4:04am Apr 13, 2010 4:04am
Quoting cloggie
If you are on the right side of the news spike there is nothing wrong with booking your profit and wait to see where the market takes us.
Had to close it as I was beginning to feel I was married to the position and didn't want to let it go. As you say, 25 pips in the hand is better than nil in an hours time perhaps
  • #216,546
  • Apr 13, 2010 4:05am Apr 13, 2010 4:05am
Ok so you guys left me half way up the hill and like Jack Ive come tumbing down but with a +34, to be honest as I said earlier I see this bouncing about until such times as the election is decided.
We could be back to playing between a range like last week 1534 to 1548.
Sharpen the knieves let's go scalping!!
  • #216,547
  • Apr 13, 2010 4:06am Apr 13, 2010 4:06am
Quoting cloggie
That is some serious risk for the size of your account. I hope it is demo if not go find the number for GA in the yellow pages.
Second That!
  • #216,548
  • Apr 13, 2010 4:10am Apr 13, 2010 4:10am
Quoting omiunu
Can some one please tell me i am not crazy :d
Ridiculous risk to be sure.

But you're only crazy if you didn't BOOK that profit already.
Ghost Rider - WWTBMD?
  • #216,549
  • Apr 13, 2010 4:11am Apr 13, 2010 4:11am
Quoting cloggie
that is some serious risk for the size of your account. I hope it is demo if not go find the number for ga in the yellow pages. $30 a pip on a $2800 account, hmmmm

its live bro. And i am holding till 310
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #216,550
  • Apr 13, 2010 4:12am Apr 13, 2010 4:12am
Quoting omiunu
Can some one please tell me i am not crazy :d
why short when price is clearly above your midband?
might as well not use it ..
Thank You
  • #216,551
  • Apr 13, 2010 4:16am Apr 13, 2010 4:16am
Quoting omiunu
its live bro. And i am holding till 310
Trust me, it won't happen... it's only a breakout retest formation.. Just my 2 cents.
  • #216,552
  • Apr 13, 2010 4:17am Apr 13, 2010 4:17am
My view, G/U would move to around 1.5420-25 if broken we may see 1.5449 E/U also for me should hit 1.3639 within this range we would then need more confirmation for the continous or reverse move...... only time would tell.








Good Luck ON your trading decision's.... i have taken mine
  • #216,553
  • Apr 13, 2010 4:18am Apr 13, 2010 4:18am
Quoting A-speculator
Trust me, it won't happen... it's only a breakout retest formation.. Just my 2 cents.

He may get lucky, the DP is holding and M30 hasn't closed above 5392 yet. It can all change here in the next 15-30 minutes or so, what a glorious way to blow your account.
  • #216,554
  • Apr 13, 2010 4:19am Apr 13, 2010 4:19am
Scary RR, perhaps a hidden desire to be part of the 95%????
  • #216,555
  • Apr 13, 2010 4:19am Apr 13, 2010 4:19am
earlier chart:
1. http://www.forexfactory.com/showpost...stcount=216387


We're still here. Still bullish atm, don't get caught with your shorts down
Thank You
  • #216,556
  • Apr 13, 2010 4:20am Apr 13, 2010 4:20am
Ok, this is how I see the movement of the price. Hope someone might find it useful.. See how price respect the S&R..
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  • #216,557
  • Apr 13, 2010 4:24am Apr 13, 2010 4:24am
Quoting omiunu
its live bro. And i am holding till 310
i'm suprised you are able to buy/sell more than 1 on that balance. Mine requires collaterral (about $1500 per $1 contract) when no stop loss is entered

if i had to punt that would have been the same punt I'll make (resistance around 5400). But then I would move my SL to BE. It can go substantially either way when the US opens.

Good luck.
  • #216,558
  • Apr 13, 2010 4:25am Apr 13, 2010 4:25am
538 has been in play for a month here forming either support or resistance, taking a trade on H4 without proper confirmed direction is just catching falling knives with your d!ck hanging out. Ah well, just my humble opinion. Of course don't mind that bullish engulfing on H1.
  • #216,559
  • Apr 13, 2010 4:25am Apr 13, 2010 4:25am
Greece sells 1.2 B EUR woth of T Bills yields over 4%
I have no enemy; I make Incautiousness my Enemy.
  • #216,560
  • Apr 13, 2010 4:27am Apr 13, 2010 4:27am
Just come back from the garage with a nice 30 pips netted on my long. Anyone want a Mazda RX8?? damn things are a money drain!!
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