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Cable Update (GBPUSD)

  • #280,081
  • May 26, 2011 7:40am May 26, 2011 7:40am
Quoting zodiak
..I took short..based on Daily FIB retracement...fingers crossed

cheers

see I almost went short as well.... glad I did not....
but I had some bad short yesetrday, I have troubles spotting the right shorts,,,,
  • #280,082
  • May 26, 2011 7:46am May 26, 2011 7:46am
Quoting sphinx8
see I almost went short as well.... glad I did not....
but I had some bad short yesetrday, I have troubles spotting the right shorts,,,,
i have no words..i told way inadvance and u went short..
  • #280,083
  • May 26, 2011 7:47am May 26, 2011 7:47am
Quoting PhAnTi'
question is whether 6285/86 resistance turned support now or not.

Attachment
Hero calls followed by margin calls...
  • #280,084
  • May 26, 2011 7:49am May 26, 2011 7:49am
Quoting PhAnTi'
textbook trade, R turned S and bought at S
Hero calls followed by margin calls...
  • #280,085
  • May 26, 2011 7:50am May 26, 2011 7:50am
Quoting PhAnTi'
textbook trade, R turned S and bought at S
absolutely text book stuff..makes u wonder about the randomness nature of the market
  • #280,086
  • May 26, 2011 7:51am May 26, 2011 7:51am
Quoting nAVIN2007
i have no words..i told way inadvance and u went short..

but I went long today and making serious pipin now.

problem I have is when to TP. again, the same story hard to smell the pullbacks...........

also I have to set myself some daily trades and longterm trades, and set TP accordingly. so I guess if I wanna cash in today I better do soon. If I want to waint till next week, I can waint for 1.64x levels. correct?
  • #280,087
  • May 26, 2011 7:52am May 26, 2011 7:52am
I'm long 6344, are we off the 6450 do you think?
  • #280,088
  • May 26, 2011 7:55am May 26, 2011 7:55am
Quoting sphinx8
but I went long today and making serious pipin now.

problem I have is when to TP. again, the same story hard to smell the pullbacks...........

also I have to set myself some daily trades and longterm trades, and set TP accordingly. so I guess if I wanna cash in today I better do soon. If I want to waint till next week, I can waint for 1.64x levels. correct?
intraday target? stopping volume is a good indicator to exit

high volume at supply level,price isnt able to break supply = exit
Hero calls followed by margin calls...
  • #280,089
  • May 26, 2011 7:58am May 26, 2011 7:58am
Quoting Phil Warran
I'm long 6344, are we off the 6450 do you think?
buy low sell high...

traders use to buy when price crashed 80 pips up and say : WOW ! watch this ! Train moved out of the station in Munich,running for main station in Berlin.

but then it's often too late to enter and price gonna reverse a bit, traders get afraid and say: ah -20 pips, i'd better close now...then after a small correction of 20-30 pips price starts going up again and they say: wtf ! why i just closaed my long with -20

and so on
Hero calls followed by margin calls...
  • #280,090
  • May 26, 2011 8:05am May 26, 2011 8:05am
Quoting PhAnTi'
buy low sell high...

traders use to buy when price crashed 80 pips up and say : WOW ! watch this ! Train moved out of the station in Munich,running for main station in Berlin.

but then it's often too late to enter and price gonna reverse a bit, traders get afraid and say: ah -20 pips, i'd better close now...then after a small correction of 20-30 pips price starts going up again and they say: wtf ! why i just closaed my long with -20

and so on
Hi, yes I am well aware of this but considering we are on a break out off support at 63 with more crap US figures, Is a pullback likely to get me in at a much better price?
  • #280,091
  • May 26, 2011 8:05am May 26, 2011 8:05am
Quoting PhAnTi'
buy low sell high...

traders use to buy when price crashed 80 pips up and say : WOW ! watch this ! Train moved out of the station in Munich,running for main station in Berlin.

but then it's often too late to enter and price gonna reverse a bit, traders get afraid and say: ah -20 pips, i'd better close now...then after a small correction of 20-30 pips price starts going up again and they say: wtf ! why i just closaed my long with -20

and so on
so your ansewes to his question is : possibly yes (morelikely) ?
  • #280,092
  • May 26, 2011 8:08am May 26, 2011 8:08am
Quoting Phil Warran
Hi, yes I am well aware of this but considering we are on a break out off support at 63 with more crap US figures, Is a pullback likely to get me in at a much better price?
Attached picture
Attached Image (click to enlarge)
Click to Enlarge Name: breakout.gif Size: 16 KB
  • #280,093
  • May 26, 2011 8:10am May 26, 2011 8:10am
Quoting Phil Warran
Attached picture
Sorry, wrong image.
Attached Image (click to enlarge)
Click to Enlarge Name: long off support.gif Size: 26 KB
  • #280,094
  • May 26, 2011 8:13am May 26, 2011 8:13am
Quoting manize
Just only for scalp planed to get 10 - 20 pips, buy a dip at m1/200, let's see what happen !
Got it !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #280,095
  • May 26, 2011 8:34am May 26, 2011 8:34am
no damn idea how big and when she will take a small break before another run up.......
is it even possible to try to figure out?

maybe another h1 candle closed above 1.633 means more up?

(I'm learning here, sorry guys)
  • #280,096
  • May 26, 2011 8:38am May 26, 2011 8:38am
Quoting budak baru
bullish continuation....
Gold Expedition Return This Year: -16.4%
  • #280,097
  • May 26, 2011 8:40am May 26, 2011 8:40am
if she nails 1.64 today I will .hmmmmmmmmmmmmm lets say be very happy
  • #280,098
  • May 26, 2011 8:41am May 26, 2011 8:41am
i predict this movement but i release all my long from 16160 @ 16280
and i start selling @ 162 71 @ 16330 @ 163 50
wtf 3 lot running in red ZZzzZzzZzthis train is to fast . it should go to 16250 or even 16210 to continue to 167 area hope i'm rite . 3 lot i bet
Just Newbie Need Guidance From The Expert
  • #280,099
  • May 26, 2011 8:43am May 26, 2011 8:43am
Quoting sphinx8
if she nails 1.64 today I will .hmmmmmmmmmmmmm lets say be very happy
ahhh don't do that pls there is still tomorrow . for close @ 164 area perfect setup for next month trading . @ the middle where it make trader confuse rite
Just Newbie Need Guidance From The Expert
  • #280,100
  • May 26, 2011 8:43am May 26, 2011 8:43am
Quoting NoviceInd
. it should go to 16250 or even 16210 to continue to 167 area hope i'm rite . 3 lot i bet
was thinking the same but not so sure about the 1.621 now
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