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Cable Update (GBPUSD)

  • #259,401
  • Oct 7, 2010 6:26am Oct 7, 2010 6:26am
30 min candle may close above monthly R1 and daily R2...
Today's zone = Tomorrow's opportunity!
  • #259,402
  • Oct 7, 2010 6:27am Oct 7, 2010 6:27am
Quoting wormboy
i got 1.6250

i thought i best hedge my profit as cant play with 1.6 especially with the bearish diverence
  • #259,403
  • Oct 7, 2010 6:28am Oct 7, 2010 6:28am
Quoting nAVIN2007
hedge my positions..due to bearish diverence

looking for about 55 pips to the downside
Hey what happen to your aversion to resistance?
  • #259,404
  • Oct 7, 2010 6:30am Oct 7, 2010 6:30am
why sell? its up now, look, open your eyessssssssssss........
Join My Signal On Telegram at @forextradingforlivingsignal
  • #259,405
  • Oct 7, 2010 6:30am Oct 7, 2010 6:30am
Quoting trending
Hey what happen to your aversion to resistance?

my target was 1.6 as a standard..theres a chance it can go 1.62..but lets not get greedy..i have had a great run

1.47 to 1.6
1.5350 to 1.60

not need to push the boat out
  • #259,406
  • Oct 7, 2010 6:32am Oct 7, 2010 6:32am
Quoting nAVIN2007
my target was 1.6 as a standard..theres a chance it can go 1.62..but lets not get greedy..i have had a great run

1.47 to 1.6
1.5350 to 1.60

not need to push the boat out
Your a happy man today then !!

Well done nav.
  • #259,407
  • Oct 7, 2010 6:33am Oct 7, 2010 6:33am
Quoting nAVIN2007
i thought i best hedge my profit as cant play with 1.6 especially with the bearish diverence
think it's a bit early to hedge it tho, this can still run up a few before that plays out. But, you can afford it, with all those longs you held all this time.
I just booked half of the position & leaving the remaining for the sky
Thank You
  • #259,408
  • Oct 7, 2010 6:33am Oct 7, 2010 6:33am
Could someone give me any fundamentals news? I can't belive GBP very high.

Do you think it can continue upside? no retest 1.57-1.58 ?
  • #259,409
  • Oct 7, 2010 6:34am Oct 7, 2010 6:34am
Quoting musani
Now im waitting of 6054/60 base on my 15min chart to close my long.
Nice ride from 5878
Way to go, musani. great trade.
  • #259,410
  • Oct 7, 2010 6:35am Oct 7, 2010 6:35am
Quoting Dayboy001
Your a happy man today then !!

Well done nav.
thanks buddy..not easy making cash on a micro account..but its an achievement that counts
  • #259,411
  • Oct 7, 2010 6:37am Oct 7, 2010 6:37am
[quote=nAVIN2007;4080190]my target was 1.6 as a standard..theres a chance it can go 1.62..but lets not get greedy..i have had a great run

1.47 to 1.6
1.5350 to 1.60

well done to u
GELORE
  • #259,412
  • Oct 7, 2010 6:37am Oct 7, 2010 6:37am
In the bullish market MACD fails and i have stopped using MACD instead I am using EMA 20,70 AND 150 in H1 chart and gives proper guidence on support and resistence
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  • #259,413
  • Oct 7, 2010 6:38am Oct 7, 2010 6:38am
Quoting nAVIN2007
my target was 1.6 as a standard..theres a chance it can go 1.62..but lets not get greedy..i have had a great run

1.47 to 1.6
1.5350 to 1.60

not need to push the boat out
DA DA DA
Inserted Video
  • #259,414
  • Oct 7, 2010 6:39am Oct 7, 2010 6:39am
Quoting USD-Bear
Trying short @ 1.6000
SL 1.6025
Lets see

Dont think its topped out yet
  • #259,415
  • Oct 7, 2010 6:40am Oct 7, 2010 6:40am
Quoting AdrianHNV
As much as it seems irritating to some that there are some who are still learning the ropes by using a Demo account, everyone has too start somewhere .

I tried a Demo account for about a week before being advised to use a micro account as the Demo accounts do not run true.............. But not everyone has someone else to turn too for advice, well good advice anyways.

This is after all supposed to be a place where people can learn, interact and socialize with others who wish, want or can trade on the FOREX market.

This is of course just my...
Very Good Point You did the same route as me Demo > Micro
Enter Signature
  • #259,416
  • Oct 7, 2010 6:41am Oct 7, 2010 6:41am
Quoting wormboy
think it's a bit early to hedge it tho, this can still run up a few before that plays out. But, you can afford it, with all those longs you held all this time.
I just booked half of the position & leaving the remaining for the sky

yes yur right..i should have waited for the dailly
the plan now i hope is dailly can close above 1.6..tomorrow retrace to 1.5924 area and i will exit the short..keep the long in play..this whole hedging thing i hate..i was just thinking lock in the money..so either way i win!

0.05 long
0.05 short

the 4hr bearish diverence seems a bit much..made me do this
  • #259,417
  • Oct 7, 2010 6:43am Oct 7, 2010 6:43am
Quoting egkid
DA DA DA
http://www.youtube.com/watch?v=OaiSHcHM0PA
  • #259,418
  • Oct 7, 2010 6:44am Oct 7, 2010 6:44am
1> dont tell me BE QUIET !!, you are not big enough

2>
I dont have anythink agains demo, or demo traders... I wrote that piss me off when demo trader show a list of how much he earn and it is usually 10 lots and sayd I told ya!

I always wellcome if somebody tells his/her entry, reasons why, or any post analyse of his/her view.... but atach picture with entries with virtual money...
and have profit target set for 500+pips.... it is only tale which is uselles... noone except position trader which will be the best dont have set up theese profit targets.... when you will play with the money you will agree with me.

agree demo is good to touch the platform... but disagree that is good to papertrading... if there is no money in it it is the same like play poker for matches...


Quoting Dayboy001
add me to that list then please, are you honestly telling me you have never demo traded, paper traded or whatever you want to call it??

It is a step in the direction of trading and i am sure most in here will agree a good step.

Don't get me wrong demo will never be the same as real, but if you have demo traded a system a 1000 times when it comes to real money you have more confidence in "THE SYSTEM" even if you are starting to show emotion and that demo trading experience can help you through.

Every professional sportsperson in the world practices,...
  • #259,419
  • Oct 7, 2010 6:46am Oct 7, 2010 6:46am
Quoting dptrader
Could someone give me any fundamentals news? I can't belive GBP very high.

Do you think it can continue upside? no retest 1.57-1.58 ?
yep.
Attached Image
Thank You
  • #259,420
  • Oct 7, 2010 6:47am Oct 7, 2010 6:47am
Quoting nAVIN2007
hedge my positions..due to bearish diverence

looking for about 55 pips to the downside
nice hedge nav!

get free and play then..
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