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Cable Update (GBPUSD)

  • #289,361
  • Sep 22, 2011 9:27am Sep 22, 2011 9:27am
Quoting ovaforty
Monthly chart is showing an Evening Star formation, confirmed, so far, by the current candle which has another week to run.

The Global Economy has weakened to a more sustainable growth.

Is this Doom and Gloom?

I am looking for Market Capitulation in the near future.


What think ye?
Holy Cow, that GBPUSD chart looks like a Christmas tree.
  • #289,362
  • Sep 22, 2011 9:37am Sep 22, 2011 9:37am
Quoting johnvr
Holy Cow, that GBPUSD chart looks like a Christmas tree.
Merry Xmas bro. (A little early...)
  • #289,363
  • Sep 22, 2011 9:48am Sep 22, 2011 9:48am
Quoting bbmac
anyone heard from Nav (Navin2007) he was nursing a huge long position having averaged in way above here with a stop @ 5330 as I remember ?

Hope he is not suffering too much

G/L
Never fall in love with a trade!
  • #289,364
  • Sep 22, 2011 10:08am Sep 22, 2011 10:08am
'Here Here' to that, although I think in Nav's case it was more a case of hope triumphing over fear? Only he will know really.

G/L

Quoting Rad168
Never fall in love with a trade!
ex member
  • #289,365
  • Sep 22, 2011 10:17am Sep 22, 2011 10:17am
might b time to long in later that day on GU - c u in hell^^
  • #289,366
  • Edited 10:19am Sep 22, 2011 10:18am | Edited 10:19am
Quoting Rad168
Never fall in love with a trade!

Three years ago when I first started to trade.....I fell in a love with a natural gas trade........let's just say that I still feel the burns today. No pun intended.

The psychology of being able to take a loss and move on is probably my hardest lesson I had to learn.....and am still learning. Our brain is a very powerful organ........if you are talking to yourself trying to convince yourself that things will turn around.........stop talking to yourself and get out.
I don't trust any move - when you have profit...take it.
  • #289,367
  • Edited 10:58am Sep 22, 2011 10:34am | Edited 10:58am
off topic: just creating an increbile beat - darnn it love music! lol

...and a glass of bordeaux ofc

*sry 4 typos
  • #289,368
  • Sep 22, 2011 11:25am Sep 22, 2011 11:25am
im still working in new platform.
im learning 2 things:

sometimes a complete repaint of a chart is not a bad idea.
relaxing from trading gives a lot of opportunities to pick a good position.

i already know all this, but ...

well, here below is h1 chart seen in saxobank. it is a demo acc so possible there is something wrong on candles.
i notice price perfect touch in what looks like a megaphone (not a parallel channel)
if price goes up from here will find two black lines as test also near fibo 23% n 50% from 5750 (not drawn here)
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 103 KB
90% of traders use TA, indicators and prediction
  • #289,369
  • Sep 22, 2011 11:31am Sep 22, 2011 11:31am
Quoting Faller
Three years ago when I first started to trade.....I fell in a love with a natural gas trade........let's just say that I still feel the burns today. No pun intended.

The psychology of being able to take a loss and move on is probably my hardest lesson I had to learn.....and am still learning. Our brain is a very powerful organ........if you are talking to yourself trying to convince yourself that things will turn around.........stop talking to yourself and get out.
this is main reason why when i see + 30 pips i move stop @BE and i rarely let my position more than 30-40-50 pips.
doesnt matter if there is a support 20 pips lower, i get out!
once i lost huge money with a stupidly huge stoploss
90% of traders use TA, indicators and prediction
  • #289,370
  • Sep 22, 2011 12:00pm Sep 22, 2011 12:00pm
Trying a long @ 1.5375

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0008.jpg Size: 107 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #289,371
  • Sep 22, 2011 12:40pm Sep 22, 2011 12:40pm
Hourly chart shows a 5 sma retrace after testing and failing the top the recent short term range. There is likely profit taking and short covering ahead of the Dow close.


The last hour of the Dow has been a big mover lately.
Attached Image (click to enlarge)
Click to Enlarge Name: cable hourly.gif Size: 21 KB
  • #289,372
  • Sep 22, 2011 12:44pm Sep 22, 2011 12:44pm
LOOONG - maybe, hehe...let's wait another 10 months to b very sure what the trend is like...
  • #289,373
  • Sep 22, 2011 12:56pm Sep 22, 2011 12:56pm
Another Possible Scenario,Looking Long Term Buy Here
Attached Image (click to enlarge)
Click to Enlarge Name: GU Monthly.png Size: 40 KB
If there was easy money lying around,no one would be forcing it into your
  • #289,374
  • Sep 22, 2011 1:14pm Sep 22, 2011 1:14pm
Quoting USD-Bear
Trying a long @ 1.5375

Attachment
added long @ 1.5350
Don't be a hero. Don't have an ego. Always question yourself
  • #289,375
  • Sep 22, 2011 1:23pm Sep 22, 2011 1:23pm
Quoting USD-Bear
added long @ 1.5350
your entry caused a move of 40 pips
next time do it a bit soft than this
90% of traders use TA, indicators and prediction
  • #289,376
  • Sep 22, 2011 1:27pm Sep 22, 2011 1:27pm
Quoting _BBKing_
your entry caused a move of 40 pips
next time do it a bit soft than this
just 2 trillion
Don't be a hero. Don't have an ego. Always question yourself
  • #289,377
  • Sep 22, 2011 1:30pm Sep 22, 2011 1:30pm
this move looks something more than a simply profit taking imo
lets see what happens next hours in h1 pattern
possible flag and/or accumulation pattern.....
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 45 KB
90% of traders use TA, indicators and prediction
  • #289,378
  • Sep 22, 2011 1:38pm Sep 22, 2011 1:38pm
looking at this, needs break under 78.87 though to get above 1.5410

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #289,379
  • Sep 22, 2011 1:41pm Sep 22, 2011 1:41pm
Quoting USD-Bear
just 2 trillion
Aiiiii....So Cute
If there was easy money lying around,no one would be forcing it into your
  • #289,380
  • Sep 22, 2011 1:51pm Sep 22, 2011 1:51pm
Anyone else see a rally into the close on equities?
I don't trust any move - when you have profit...take it.
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