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Cable Update (GBPUSD)

  • #226,601
  • May 14, 2010 8:00am May 14, 2010 8:00am
Quoting musicman007
Nah - uptnorth - hence Squeaky bum time - aka Fergie time !
how do bums Squeak ??

oh bums is drunkards
  • #226,602
  • May 14, 2010 8:00am May 14, 2010 8:00am
Quoting CoffeeDrinke
i am not man enough to trade beast lol, so i find EUR/JPY traded the best so far today, cable was just shitty today.
Anyone agree??
Looking to short at 116
  • #226,603
  • May 14, 2010 8:01am May 14, 2010 8:01am
will the game started last night what a ride
Attached Image (click to enlarge)
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  • #226,604
  • May 14, 2010 8:01am May 14, 2010 8:01am
I have my close at the right point, watch b4 u.s close how many pips we would have raked in..............hhhhhhmmmmmmmm
  • #226,605
  • May 14, 2010 8:02am May 14, 2010 8:02am
Quoting forexlion
how do bums Squeak ??

oh bums is drunkards
Its that time in a match, when United need a goal and we have only added time left - Fergie rules !
  • #226,606
  • May 14, 2010 8:03am May 14, 2010 8:03am
Quoting musicman007
Youve had a fantastic season !

Fancy buying Berbacrap from us? what a lazy Bas !


Levy did a good job on Fergie.

We'll take him for 32 million pips
  • #226,607
  • May 14, 2010 8:04am May 14, 2010 8:04am
http://img413.imageshack.us/img413/974/78782711.gif
  • #226,608
  • May 14, 2010 8:10am May 14, 2010 8:10am
Quoting musicman007
Looking to short at 116
good resistance at that point yes.
  • #226,609
  • May 14, 2010 8:13am May 14, 2010 8:13am
Quoting cloggie
You know my analogy by now, have used it plenty of times; I always wait for the river to start flowing before I join the flow. I don't like smelly fingers.

Succesful day trading means you need to find a way to identify the small segments of 60-90 pips or so that Cable tends to travel in, traders like BB have larger targets and ignore those smaller retraces. You need to find a trading style that suits you, either along the lines of BB and wormboy targeting larger 200 pip moves, traders like kill who take the 20-30 pip runs and are in and out numerous...
Quoting 4xStar
This (below) is a great explanation/summary of how things work in these forums & newbies would do well to read it several times. The big problem for newbies (including me up until a few months ago) is that you see these senior, successful traders giving their entries but what you don't understand is the timeframe they are trading from AND the amount of risk they have for the trade in relation to account size.
So someone like BB who goes for the 200 pip moves will completely ignore a 60 pip retrace .. whereas that could devastate an inexperienced...
I didn't realise i have such influencial pull

I post calls and charts to encourage learning and sharing of technical know how in this game. My / Our goal is to consistently rely on that skill to produce pips.

I hope to this end, newbies have learnt from me as I have learnt from others when i first started this wonderful journey of ours.

BULL_BEAR
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #226,610
  • May 14, 2010 8:14am May 14, 2010 8:14am
sorry late posting is the 200ema next


its crazy friday risky
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  • #226,611
  • May 14, 2010 8:16am May 14, 2010 8:16am
Selling might not be the best option. Bullish reversal pattern visible on the H1. Look to buy dip unless earlier low is negated imho.
Good luck & have a great weekend.
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Thank You
  • #226,612
  • May 14, 2010 8:18am May 14, 2010 8:18am
Hi, i see u understand. My entry at 1.4571 has confirmed. my 1hr entry broken at 1.4600. A hold above this region is uptrend. But major trend in the long term remains down.

My target for long remains daily pivot @ 1.4707.... Let see how far we go for all of us trading long


Quoting cloggie
Reached, consolidating, looking for the next target.
  • #226,613
  • May 14, 2010 8:23am May 14, 2010 8:23am
Quoting wormboy
Selling might not be the best option. Bullish reversal pattern visible on the H1. Look to buy dip unless earlier low is negated imho.
Good luck & have a great weekend.
Good advise Wormie

Your shorts off the tables?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #226,614
  • May 14, 2010 8:25am May 14, 2010 8:25am
Quoting Qu|cksilver
hahahaa... I see bearish.. why should i go long? no... i will hold my trade with short.
Good for you .. I hate it when I make a decision then start questioning it. I went short and added as she went north .. then on that last spike up, I got cold feet & closed at a loss .. where my instinct (and my charts) were telling me to take one last short at that level & if I had, would have been able to take a nice profit when she fell again..
<sigh>
Need more experience .. and patience
******************* I'd rather make money than be right.
  • #226,615
  • May 14, 2010 8:29am May 14, 2010 8:29am
Quoting Bull_Bear
Good advise Wormie

Your shorts off the tables?

Cheers Q

Took all profit off the table bro. Balance of power is shifting back to the bulls & I'm going with them

Have a good one man, I'll catch up with you next week! Ta!
Thank You
  • #226,616
  • May 14, 2010 8:31am May 14, 2010 8:31am
Quoting wormboy
Cheers Q

Took all profit off the table bro. Balance of power is shifting back to the bulls & I'm going with them

Have a good one man, I'll catch up with you next week! Ta!
Cheers bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #226,617
  • May 14, 2010 8:32am May 14, 2010 8:32am
Quoting Qu|cksilver
5mins to go.. bearish candle! go cable down cable down..!

welcome back
  • #226,618
  • May 14, 2010 8:39am May 14, 2010 8:39am
I still cannot believe it.

I just went back to trading on Tuesday after about a 2 year absence from trading. Unfortunately I am using a demo platform

Profits were just over 50% for the week and this was with very conservative money management. I will probably never have a week like this ever again, I certainly had never made that much before.
  • #226,619
  • May 14, 2010 8:40am May 14, 2010 8:40am
its all about the 200 m5
Attached Image (click to enlarge)
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  • #226,620
  • May 14, 2010 8:42am May 14, 2010 8:42am
coffeeDrinke! Have u shorted Eur/jpy?

Quoting CoffeeDrinke
i am not man enough to trade beast lol, so i find EUR/JPY traded the best so far today, cable was just shitty today.
Anyone agree??
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