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Cable Update (GBPUSD)

  • #304,561
  • Mar 21, 2012 9:43pm Mar 21, 2012 9:43pm
facing good support at 65
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,562
  • Mar 21, 2012 9:45pm Mar 21, 2012 9:45pm
nice PA behavior indicates nice shorting pressures
I trade to live
  • #304,563
  • Mar 21, 2012 9:45pm Mar 21, 2012 9:45pm
Quoting A-speculator
it's what they call adrenaline rush.. nothing to worry mate.. LOL.

eh, back to trading mate, somebody might get furious if he catches us talking nonsense..
Shhhhhs.......
I trade to live
  • #304,564
  • Mar 21, 2012 9:46pm Mar 21, 2012 9:46pm
wish I was in Aud or Cad - really moved big on that China news....

need patients here.....
I don't trust any move - when you have profit...take it.
  • #304,565
  • Mar 21, 2012 9:50pm Mar 21, 2012 9:50pm
Quoting baherhosni
facing good support at 65
imho 65 is nothing to be worry of.. the worry is 5800.. if we can get pass that, hopefully we can get to 5750 where i will TP my position. but i will watch closely the PA if it able to get pass 5800..

I expect at 5750 level, there will be some rejection or the moment where the price stalled a bit and perhaps a retracement before continue on going downwards.
  • #304,566
  • Mar 21, 2012 9:51pm Mar 21, 2012 9:51pm
Quoting Faller
wish I was in Aud or Cad - really moved big on that China news....

need patients here.....
wow.. i missed that one too mate.. damn.. hopefully, fiber will follow suit..

mate, it's not patients mate.. only doctors need patients.. we all need patience.. please don't be furious, i'm just joking..
  • #304,567
  • Mar 21, 2012 10:11pm Mar 21, 2012 10:11pm
Quoting A-speculator
wow.. i missed that one too mate.. damn.. hopefully, fiber will follow suit..

mate, it's not patients mate.. only doctors need patients.. we all need patience.. please don't be furious, i'm just joking..

I don't trust any move - when you have profit...take it.
  • #304,568
  • Mar 21, 2012 10:37pm Mar 21, 2012 10:37pm
Oh well.. Looks like i'll either miss the trading day during London.. no sleep tonight. And my daughter wakes up for school in another hour.. !! Oh well.. Back to PA now..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,569
  • Mar 21, 2012 10:39pm Mar 21, 2012 10:39pm
I am thinking its going to retest that 885 again
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,570
  • Mar 21, 2012 10:42pm Mar 21, 2012 10:42pm
Ok .. If this thing goes south at London opening, I know Navin will "NOT" be happy about it..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,571
  • Mar 21, 2012 11:04pm Mar 21, 2012 11:04pm
It hit the 50% fib and bounced back down to that 65 again... Oh London where are you know.. No real PA and by the time London opens, I will be needing a fork lift to keep my eyes open. I guess I will have to miss the EU session today. But I think I will leave my EA online to grab a few pips from here and there.. hehe
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,572
  • Mar 21, 2012 11:15pm Mar 21, 2012 11:15pm
Quoting baherhosni
I am thinking its going to retest that 885 again
I'd love to see this thing head back down towards 56 -5650 area then get a strong buy signal, so I can offload my short at the bottom and offload my long back up at the top
Come with me if you want to live....
  • #304,573
  • Mar 21, 2012 11:25pm Mar 21, 2012 11:25pm
Quoting Ill-b-back
I'd love to see this thing head back down towards 56 -5650 area then get a strong buy signal, so I can offload my short at the bottom and offload my long back up at the top
Why don't you try to cover your loosing long.. By another long at the bottom to the move with a higher lot size so that It would cover the loosing position by a multiple of its Lot size? Do you have enough free margin to do that?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,574
  • Mar 21, 2012 11:32pm Mar 21, 2012 11:32pm
Quoting baherhosni
Why don't you try to cover your loosing long.. By another long at the bottom to the move with a higher lot size so that It would cover the loosing position by a multiple of its Lot size? Do you have enough free margin to do that?
I won't add to a losing position. If I get the strong signal I am hoping for, I will just close out the short. The reason is that when strong signals come in, they rarely go for less than 150-200 pips, weaker signals get less. So if I get the strong signal and it does go north, I'll profit overall anyway as my floating loss is about 44 pips.
Come with me if you want to live....
  • #304,575
  • Mar 21, 2012 11:52pm Mar 21, 2012 11:52pm
Quoting Ill-b-back
I won't add to a losing position. If I get the strong signal I am hoping for, I will just close out the short. The reason is that when strong signals come in, they rarely go for less than 150-200 pips, weaker signals get less. So if I get the strong signal and it does go north, I'll profit overall anyway as my floating loss is about 44 pips.
the way i see it, i think in the mid-term basis, we are going to 5360 area first on the downside mate.. which of course would see the 5600 area broken first..

that's definitely not an intraday type of trade..
  • #304,576
  • Mar 21, 2012 11:57pm Mar 21, 2012 11:57pm
Quoting A-speculator
the way i see it, i think in the mid-term basis, we are going to 5360 area first on the downside mate.. which of course would see the 5600 area broken first..

that's definitely not an intraday type of trade..
Well if that's the case, I may just have to be patient. I'm not offloading my short until the strong signal comes in regardless of the price level. Was just hoping for 56-50 area for obviously day trading reasons.
Come with me if you want to live....
  • #304,577
  • Mar 21, 2012 11:59pm Mar 21, 2012 11:59pm
Quoting Ill-b-back
Well if that's the case, I may just have to be patient. I'm not offloading my short until the strong signal comes in regardless of the price level. Was just hoping for 56-50 area for obviously day trading reasons.
  • #304,578
  • Mar 22, 2012 1:59am Mar 22, 2012 1:59am
morning ladies

Quoting nAVIN2007
yes..yesterday dailly is bearish but PA today because broke above yesterday high is forming a counter PA bear hold..

so long as it remain where it is and doesnt break 1.58 the bear has to deal ith da bull

best scenero for me..dailly not moving.. bull flag on dailly hopefully in the makin
  • #304,579
  • Mar 22, 2012 2:10am Mar 22, 2012 2:10am
Quoting nAVIN2007
morning ladies
Looks good for you early bro PA coming off support nicely
Come with me if you want to live....
  • #304,580
  • Mar 22, 2012 2:26am Mar 22, 2012 2:26am
Quoting Ill-b-back
Looks good for you early bro PA coming off support nicely
brother..honestly really am not surprised this movement has been very smart..basically cleared stops in both direction

big move is coming
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