Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#246,901
Aug 19, 2010 3:13am Aug 19, 2010 3:13am

Scipionz
| Commercial User | Joined Aug 2010 | 208 Posts

Will it explose as yesterday, or just tank!
Muahahah!

Suspence!

"Flip that coin!"

#246,902
Aug 19, 2010 3:15am Aug 19, 2010 3:15am

Mészike
| Joined Aug 2010 | Status: Trader | 41 Posts

Quoting joemiami

Disliked

Im long at 5512... momentum is now turning bullish...up we go

Ignored

Hello!

What is Your T/P?

Balázs

#246,903
Aug 19, 2010 3:16am Aug 19, 2010 3:16am

PiptheRipper
| Joined Aug 2009 | Status: Trader | 480 Posts

Quote

Disliked

thanks navin! I have recently decided to do the james 16 thing and trade 3 months demo successfully and then go for it..

Hey Pawpaw! Howsit going? Still in France?
I suggest you trade on a micro account if you want to learn all the aspects of trading. Our mindset is different when we know it's real money, even though it's only 1c/ pip.

You don't need a lot to start with and you will learn quicker on a micro account than a demo IMHO.

#246,904
Aug 19, 2010 3:17am Aug 19, 2010 3:17am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting pips stunner

Disliked

Keep losing going short. while i keep winning going long from now till???? next 2 weeks!

Ignored

*l*

Attached Image

Thank You

#246,905
Aug 19, 2010 3:18am Aug 19, 2010 3:18am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting joemiami

Disliked

Im long at 5512... momentum is now turning bullish...up we go

Ignored

also in long... 25pip s/l so great RR...

I also see momentum slowing and we are in for a turn... News could throw a spanner in the works but time will tell. I have made peace with the risk of this trade and feel confident We could see another explosion like yesterday... Targeting pivot 1st...

@pawpaw1000 on Twitter

#246,906
Aug 19, 2010 3:18am Aug 19, 2010 3:18am

mouse09
| Joined Mar 2009 | Status: 2009: be patient; 2022: be robot | 102 Posts

and soon here will come wormy and will tell us about confirmed H&S formation

up:

ha, wormy already here

#246,907
Aug 19, 2010 3:19am Aug 19, 2010 3:19am

AdrianHNV
| Joined Jul 2010 | Status: Trader | 806 Posts

#246,908
Aug 19, 2010 3:20am Aug 19, 2010 3:20am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting PiptheRipper

Disliked

Hey Pawpaw! Howsit going? Still in France?
I suggest you trade on a micro account if you want to learn all the aspects of trading. Our mindset is different when we know it's real money, even though it's only 1c/ pip.

You don't need a lot to start with and you will learn quicker on a micro account than a demo IMHO.

Ignored

Thanks wormy, Actually I already have a micro open with 120$ on it. I only started trading again this week so as soon as I have the feel back, I'm gonna go Micro....

Yeah, still in France and loving it! Weather is currently soo nice and the rugby is going well also ;-)

Good luck, I'm in long

Just worried about USDX

@pawpaw1000 on Twitter

#246,909
Aug 19, 2010 3:20am Aug 19, 2010 3:20am

primzvicious
| Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts

Quoting pawpaw1000

Disliked

anyone shorting? I can't get myself to do it...

We are at bottom of range with a pinbar on m15, doesn't look like this has too much momentum. But hey, I'm still learning.

Any more experienced advise?

EDIT: Actually looking for longs from this base, unless we break it completely...

Ignored

Quoting primzvicious

Disliked

it is true that we just consolidating (a-b-c formation on elliot wave), and now we retracing to make wave 2 (as long as the abc formation not broke). then we may see next wave which is lower... and guess what if this pattern reach wave 5 on H1, H4 just starting to form wave 5

Ignored

http://cdn.forexfactory.com/attachme...6&d=1282146923

my view :
- we may see a pullback from 500 to 550-570, before continuing downside move to 420-400
- or if 500 area cant hold it may strike thru 420-400 without retrace

Verily, in every difficulties there is relief

#246,910
Aug 19, 2010 3:24am Aug 19, 2010 3:24am

joemiami
Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts

Quoting Mészike

Disliked

Hello!

What is Your T/P?

Balázs

Ignored

TP 5640

#246,911
Aug 19, 2010 3:24am Aug 19, 2010 3:24am

winsome
| Joined May 2007 | Status: Trader | 279 Posts

think this was reason for fall ,soft data out of europe.
LONDON (MarketWatch) -- European shares turned lower Thursday, adding to the previous session's losses, with Swiss cement producer Holcim among the biggest decliners after reporting continued weakness in European markets.

#246,912
Aug 19, 2010 3:24am Aug 19, 2010 3:24am

PiptheRipper
| Joined Aug 2009 | Status: Trader | 480 Posts

Quoting pawpaw1000

Disliked

Thanks wormy, Actually I already have a micro open with 120$ on it. I only started trading again this week so as soon as I have the feel back, I'm gonna go Micro....

Yeah, still in France and loving it! Weather is currently soo nice and the rugby is going well also ;-)

Good luck, I'm in long

Just worried about USDX

Ignored

Great stuff

Good luck with your trades

#246,913
Aug 19, 2010 3:26am Aug 19, 2010 3:26am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting mouse09

Disliked

and soon here will come wormy and will tell us about confirmed H&S formation

up:

ha, wormy already here

Ignored

it's not confirmed yet mate. still hasn't close cleanly below the neckline, but it's piercing. Nothing's change for me, selling the rallies till 5420.

Good luck

Thank You