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Cable Update (GBPUSD)

  • #270,581
  • Jan 31, 2011 10:10am Jan 31, 2011 10:10am
Next Resistence will be 16060-16065, hope it dont break, within this hours.else have to wait longer time to open POSITION.

already 12midnight in SIngapore now...
i am sleepy now, Chinese new years in another 48hours...still not well prepared...

8hours Bollinger is at 6060-6065..
falling back will be very long time....
  • #270,582
  • Jan 31, 2011 10:11am Jan 31, 2011 10:11am
Quoting primzvicious
well done buddy
Thanks bro


snd: santai we kang nyaa.. isukan urang hajar deui hee..
  • #270,583
  • Jan 31, 2011 10:12am Jan 31, 2011 10:12am
Quoting WengOn
Next Resistence will be 16060-16065, hope it dont break, within this hours.else have to wait longer time to open POSITION.

already 12midnight in SIngapore now...
i am sleepy now, Chinese new years in another 48hours...still not well prepared...
nope. 6030.
Hero calls followed by margin calls...
  • #270,584
  • Jan 31, 2011 10:13am Jan 31, 2011 10:13am
Quoting chazzle
Depends on TF and MM - this is not a "newbie trading discussion" thread.
Newbies get everywhere Chaz.
Newbies to thread ,newbies to trading
"Reaction not prediction".as you say
PA is everything.... direction and guidance is everything...in Everything.
All systems of divination, like music itself,work through patterns.
  • #270,585
  • Jan 31, 2011 10:13am Jan 31, 2011 10:13am
Quoting Euroscum
Well I hope he learns from it,

I do 100 usd a pip and do not use a stop loss either, well I have a mental one.
JAW dropping!!!!!!!!!!
  • #270,586
  • Jan 31, 2011 10:16am Jan 31, 2011 10:16am
Quoting PhAnTi'
nope. 6030.
U r right!!! PRECISELY!
6030 ->6060

6030 is very near to current high...
  • #270,587
  • Jan 31, 2011 10:19am Jan 31, 2011 10:19am
Entered a short at 16010, 1/3 the size of the short at 15875. Brings my BE up to 15909. Will continue to look for additional entry.
  • #270,588
  • Jan 31, 2011 10:23am Jan 31, 2011 10:23am
Mate,

What is
BE?
TF?

i am confuse w short form.
  • #270,589
  • Jan 31, 2011 10:26am Jan 31, 2011 10:26am
Quoting WengOn
Mate,

What is
BE?
TF?

i am confuse w short form.
BE = Break Even
TF = Time Frame

While Ive been trading for just over 3 years now, I still dont have a clue. Dont take my comments as entry signals please. I would hate to cost anyone money. I post to get feedback, to improve my knowledge and skill.
  • #270,590
  • Jan 31, 2011 10:28am Jan 31, 2011 10:28am
Hey Dr. D!

Gold is a bit wobbly today. Down USD on the day now but it seems to be coming back a bit now after the morning dip.

Exited Cable longs from last for now, things slowing a bit and London will close soon. Not going short, may buy back in on pullback depending on PA.

I'd like to see cable take out 6050 cleanly in the next sessions for continued upmove. Otherwise I'll expect more sideways movement.

How's things?

Quoting fourxtrader
C.

What's this doing to your gold?

http://www.forexfactory.com/images/m...bits_start.gif Forums > Commodities and Stocks [color=blue]
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #270,591
  • Jan 31, 2011 10:29am Jan 31, 2011 10:29am
Quoting Exsilium
You have a point I suppose. I myself am a newbie, or at least thats how I see myself. This long trade I opened 1/19, quite a while ago and it was the one time I broke my own rules and was forced into survival mode. I am just sharing my experience is all, not recommending a particular trading method or style.
Your original post was hardly lending an instructive caution
to members of the forum but rather appears to be a reckless
and boastful offering of profitability in the face of survival under
the guise of sound analysis.

If you won't say it, I will.

Dr. D.
  • #270,592
  • Jan 31, 2011 10:30am Jan 31, 2011 10:30am
Quoting XTrade
Hey Dr. D!

Gold is a bit wobbly today. Down USD on the day now but it seems to be coming back a bit now after the morning dip.

Exited Cable longs from last for now, things slowing a bit and London will close soon. Not going short, may buy back in on pullback depending on PA.

I'd like to see cable take out 6050 cleanly in the next sessions for continued upmove. Otherwise I'll expect more sideways movement.

How's things?
Gold is its own monster. I have a separate account where I traded gold, wasnt very profitable so I pulled out. (new high on GU as i type this).

With the upcomming NFP i expect sideways movement this week.
  • #270,593
  • Jan 31, 2011 10:33am Jan 31, 2011 10:33am
Quoting fourxtrader
Your original post was hardly lending an instructive caution
to members of the forum but rather appears to be a reckless
and offering of profitability in the face of survival under the
guise sound analysis.

[i][color=blue]If you won't say it, I will....
Fair enough. I never expect anyone to take me seriously and often forget that my views, wrong or right, can influence the unprepared.
  • #270,594
  • Jan 31, 2011 10:35am Jan 31, 2011 10:35am
Quoting Exsilium
Fair enough. I never expect anyone to take me seriously and often forget that my views, wrong or right, can influence the unprepared.
TRULY AGREED
  • #270,595
  • Jan 31, 2011 10:58am Jan 31, 2011 10:58am
Quoting Exsilium
Entered a short at 16010, 1/3 the size of the short at 15875. Brings my BE up to 15909. Will continue to look for additional entry.
Entered another short of 1/3 (total 2/3) of my 15875 short @ 16030. Puts my BE at 159331. Looking for another entry at 16050.
  • #270,596
  • Jan 31, 2011 11:00am Jan 31, 2011 11:00am
OH MAN!
  • #270,597
  • Jan 31, 2011 11:10am Jan 31, 2011 11:10am
Quoting WengOn
i got a fren now losing >USD 1700 no stop lost....
4transaction, each 0.5.

third days in FOREX new account.

i dare not to communicate w him now...
He opened another position

16040 my fren losing USD2700 now total 4LOTS open, every single pip now USD40.

I AM SHAKING NOW, Total account USD 12K


How come the market still moving, left only US market..?
  • #270,598
  • Jan 31, 2011 11:25am Jan 31, 2011 11:25am
Reverse H&S seen on H4 formed by week low so far and the previous 2 week's lows ... retrace to between 23% and 50% of current week move so far as possible dips to buy.Line in the sand @ 78% lies a few pips above the weekly pivot

edit:corrected and updated post.
Attached Image (click to enlarge)
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  • #270,599
  • Jan 31, 2011 11:48am Jan 31, 2011 11:48am
My Thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: My Analysis.jpg Size: 232 KB
  • #270,600
  • Jan 31, 2011 11:50am Jan 31, 2011 11:50am
Quoting WengOn
He opened another position

16040 my fren losing USD2700 now total 4LOTS open, every single pip now USD40.

I AM SHAKING NOW, Total account USD 12K


How come the market still moving, left only US market..?
Im right where you are at 5 lots short ($50/pip), but Im confident in my analysis. If im wrong im wrong and Ill deal with it then. Even as it is, its only an 11% drawdown on this account which is acceptable.
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