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Cable Update (GBPUSD)

  • #281,961
  • Jun 21, 2011 3:43am Jun 21, 2011 3:43am
Long @ 1.6178
SL @ 1.6160
  • #281,962
  • Jun 21, 2011 3:45am Jun 21, 2011 3:45am
same here @ more long @ 16179 already closed my 160 long @ 16230
still same open long 4 lot

my stop @ 16030
Just Newbie Need Guidance From The Expert
  • #281,963
  • Jun 21, 2011 3:47am Jun 21, 2011 3:47am
Quote
Up..

Fail...
Trader from Croatia
  • #281,964
  • Jun 21, 2011 3:48am Jun 21, 2011 3:48am
long is dangerous cable will test 1.6120
  • #281,965
  • Jun 21, 2011 3:50am Jun 21, 2011 3:50am
If only I had your wisdom, not sure anyone knows for sure

my trade seemed/seems like a good R:R to me.

Maybe it'll win maybe it'll lose, reagardless I will just move on to the next setup and the next trade !!

Quoting ZeroCool
long is dangerous cable will test 1.6120
  • #281,966
  • Jun 21, 2011 3:52am Jun 21, 2011 3:52am
Cable facing @ 4 hour chart Sell Pressure .... my advice to sell from the top ... we could some up movement on 15 min chart but it will end ...
Quoting Dayboy001
If only I had your wisdom, not sure anyone knows for sure

my trade seemed/seems like a good R:R to me.

Maybe it'll win maybe it'll lose, reagardless I will just move on to the next setup and the next trade !!
  • #281,967
  • Jun 21, 2011 3:56am Jun 21, 2011 3:56am
you talk a lot about will, surprised your not rich and retired yet.

As I said, it may or it may not, I am happy with my trade.

Quoting ZeroCool
Cable facing @ 4 hour chart Sell Pressure .... my advice to sell from the top ... we could some up movement on 15 min chart but it will end ...
  • #281,968
  • Jun 21, 2011 3:59am Jun 21, 2011 3:59am
See at this point you are hoping it goes down to prove you were right.

I on the other hand do not have that problem.

Quoting ZeroCool
Cable facing @ 4 hour chart Sell Pressure .... my advice to sell from the top ... we could some up movement on 15 min chart but it will end ...
  • #281,969
  • Jun 21, 2011 4:04am Jun 21, 2011 4:04am
Quoting Dayboy001
See at this point you are hoping it goes down to prove you were right.

I on the other hand do not have that problem.

HOPE should never be a pratical approach to forex. Go with what your charts or fundie data tells you and trade off of it. Man times I am taking trades against everyone's opinions, I just got buy tech data.
Trade Like a Robot make money Like a Bank
  • #281,970
  • Jun 21, 2011 4:04am Jun 21, 2011 4:04am
Quoting PhAnTi'
lol.... always same shit : p
why you so closed stop loss?
anyway this is what i look at

my day is done,
now i leave will come back tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm15.jpg Size: 223 KB
90% of traders use TA, indicators and prediction
  • #281,971
  • Jun 21, 2011 4:09am Jun 21, 2011 4:09am
Dear Dayboy,

forgive me english is not my native language and i dont writing with english grammer concept ... because i know there is no 100 % predict in forex but i was saying that becuase i see a big sell pressure in 4 hour chart



Quoting Dayboy001
See at this point you are hoping it goes down to prove you were right.

I on the other hand do not have that problem.
  • #281,972
  • Jun 21, 2011 4:13am Jun 21, 2011 4:13am
and i think the time has come for forexfactory to change rules about the color of news.
they can confuse with those green and red only based on a forecasted data.
90% of traders use TA, indicators and prediction
  • #281,973
  • Jun 21, 2011 4:16am Jun 21, 2011 4:16am
Pls at least post a chart so people know the reason behind
.
Attached Image (click to enlarge)
Click to Enlarge Name: gusell-0621.gif Size: 11 KB
  • #281,974
  • Jun 21, 2011 4:25am Jun 21, 2011 4:25am
Quoting _BBKing_
and i think the time has come for forexfactory to change rules about the color of news.
they can confuse with those green and red only based on a forecasted data.
1000% with you YES .
The PSNCR was not there.
  • #281,975
  • Jun 21, 2011 4:34am Jun 21, 2011 4:34am
I don't think there is a sell pressure on H4, I think this is a correction and we may see an upmove again on H4, if this turns out to a bull candle and not breaking 6160.
  • #281,976
  • Jun 21, 2011 4:40am Jun 21, 2011 4:40am
Waiting for potential long at 1.6120 hourly support level for short-term longs to h4 supply area 6390, possibly.

Logic: Weekly supply was hit and rejected at 668 so a long term long is out. Daily trend still just about up, price currently at daily support levels. Short term price has moved up from these levels (now 3 daily wicks) + yesterday closed beyond previous day's close.


If it turns and goes long before that point I'm not too bothered.
  • #281,977
  • Jun 21, 2011 4:45am Jun 21, 2011 4:45am
Quoting gsantri
Pls at least post a chart so people know the reason behind
.
90% of traders use TA, indicators and prediction
  • #281,978
  • Jun 21, 2011 4:55am Jun 21, 2011 4:55am
Your wish is my command.

Attached Image (click to enlarge)
Click to Enlarge Name: gpb_usd.jpg Size: 147 KB


Quoting gsantri
Pls at least post a chart so people know the reason behind
.
  • #281,979
  • Jun 21, 2011 5:02am Jun 21, 2011 5:02am
Although 1 is better then forecast, 1 is not a good number, it is too low.
Trade Like a Robot make money Like a Bank
  • #281,980
  • Jun 21, 2011 5:21am Jun 21, 2011 5:21am
Quoting Dayboy001
Your wish is my command.

Attachment
Thank you, I see the reason and she's going your way as I type this.

I have closed my short and be back at NY session. Good luck
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