It looks like 1.500/1.5100 will stop this rally. Matrix points suggest a high this Friday, Gann times and planetary influences suggest over the weekend, so if we are above 1.50 by late Friday i will scale out of longs and look to short for a week or two.
Cable Update (GBPUSD)
- #231,742
- Jun 15, 2010 3:27pm Jun 15, 2010 3:27pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Bullish surge up not quite that strong yet, but still present.
I believe over the next couple days we will see one more pop topside and then a target back to the 200EMA on Hourly.
Just an idea.
Target zones on chart, will not send in sell orders until I see confirmation.
I believe over the next couple days we will see one more pop topside and then a target back to the 200EMA on Hourly.
Just an idea.
Target zones on chart, will not send in sell orders until I see confirmation.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
I do so well in my demos the past 4 years this is my third time putting money i a live account if i blow this im wondering if i should just give.... sigh 
im in my mid 20's though and i dont want to keep laboring the rest of my life
. Lol all dramatic ...... id rather keep trying 
im in my mid 20's though and i dont want to keep laboring the rest of my life. Lol all dramatic ...... id rather keep trying "Pippin aint easy"
- #231,747
- Jun 15, 2010 4:45pm Jun 15, 2010 4:45pm
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
I do so well in my demos the past 4 years this is my third time putting money i a live account if i blow this im wondering if i should just give.... sigh
In your mid-20's? Geez .. by 35 you'll most likely be a retired multi-millionaire. Keep on sluggin', it's worth it in the end
*******************
I'd rather make money than be right.
- #231,748
- Jun 15, 2010 4:47pm Jun 15, 2010 4:47pm
Did you trade aganist the trend? Did you sell?[
quote=mygoldenpips;3804405]what a day today...
losing to asian/euro sesion -400usd..
get it back and make popit 220usd today..
hope tomorrow market will a live..not dead like today
exit my long..now i flat..[/quote]
quote=mygoldenpips;3804405]what a day today...
losing to asian/euro sesion -400usd..
get it back and make popit 220usd today..
hope tomorrow market will a live..not dead like today
exit my long..now i flat..[/quote]
- #231,749
- Jun 15, 2010 4:48pm Jun 15, 2010 4:48pm
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
Did you trade aganist the trend? Did you sell?[
quote=mygoldenpips;3804405]what a day today...
losing to asian/euro sesion -400usd..
get it back and make popit 220usd today..
hope tomorrow market will a live..not dead like today
exit my long..now i flat..
yeah.
i usully trade alone/by myself..
i trade what i see and believe
but asia/eur sesion..i been stupid..asking my friend, they all said DT..i see UT, got a little confiuse..follow them..and it cost me 400usd..
expencive lesson that i think will not happen again,,
lucky manage to cover the loss and came out with the profit..
thank to mr.magix..
what to say, i newbie in the forex trading,,
that the lesson i must pay..
Revesal Trader
- #231,752
- Jun 15, 2010 5:07pm Jun 15, 2010 5:07pm
My Advice is to trade with the trend all the time.
Look at the 4 H to identify the trend if you can't see a clear Picture of the trend use the daily chart. Then use the 30 M or 60M to enter the trade.
A) If the market is moving up (4 H) only think when can I buy DON’T think about selling
B) If the market is moving down (4H) only think when can I sell don’t think about buying
BUY the depth in up trend & Sell the rallies in down trend ( It took me 3 years to understand what this really means )
Good Luck
yeah.
i usully trade alone/by myself..
i trade what i see and believe
but asia/eur sesion..i been stupid..asking my friend, they all said DT..i see UT, got a little confiuse..follow them..and it cost me 400usd..
expencive lesson that i think will not happen again,,
lucky manage to cover the loss and came out with the profit..
thank to mr.magix..
what to say, i newbie in the forex trading,,
that the lesson i must pay..[/quote]
Look at the 4 H to identify the trend if you can't see a clear Picture of the trend use the daily chart. Then use the 30 M or 60M to enter the trade.
A) If the market is moving up (4 H) only think when can I buy DON’T think about selling
B) If the market is moving down (4H) only think when can I sell don’t think about buying
BUY the depth in up trend & Sell the rallies in down trend ( It took me 3 years to understand what this really means )
Good Luck
yeah.
i usully trade alone/by myself..
i trade what i see and believe
but asia/eur sesion..i been stupid..asking my friend, they all said DT..i see UT, got a little confiuse..follow them..and it cost me 400usd..
expencive lesson that i think will not happen again,,
lucky manage to cover the loss and came out with the profit..
thank to mr.magix..
what to say, i newbie in the forex trading,,
that the lesson i must pay..[/quote]
- #231,754
- Jun 15, 2010 5:59pm Jun 15, 2010 5:59pm
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
could we be heading down to 1.4466
Look what tazzam72 just said about the trend ..
*******************
I'd rather make money than be right.
I do so well in my demos the past 4 years this is my third time putting money i a live account if i blow this im wondering if i should just give.... sigh
Don't give up, just learn to trade your live account exactly as you do your practice. It's easy to change things up once you've gone live, but if you've proven you can do it one way you can do it the other. GL
- #231,756
- Jun 15, 2010 6:18pm Jun 15, 2010 6:18pm
could we be heading down to 1.4466
- #231,758
- Jun 15, 2010 6:23pm Jun 15, 2010 6:23pm
There's definitely a possibility. Look at the daily and put a line at 4800. In the recent past, that has been a fairly significant level. Also, there does appear to be a bull flag on 4hr but there also appears to be a bear flag on the daily. Remember, the trend is your friend, till the end, when it bends.
eh screw it!