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Cable Update (GBPUSD)

  • #304,741
  • Mar 22, 2012 3:24pm Mar 22, 2012 3:24pm
this market is seriously crazy..
  • #304,742
  • Mar 22, 2012 3:29pm Mar 22, 2012 3:29pm
Quoting nAVIN2007
this market is seriously crazy..
no^^
Hero calls followed by margin calls...
  • #304,743
  • Mar 22, 2012 3:32pm Mar 22, 2012 3:32pm
Quoting PhAnTi'
no^^

i actually think tomorrow will be a down day
  • #304,744
  • Mar 22, 2012 3:39pm Mar 22, 2012 3:39pm
Quoting nAVIN2007
i actually think tomorrow will be a down day
Hi nAV,

Is that some sort of reverse psychology?

I agree with you totally that the last few days have been pretty difficult to fathom as far as Cable is concerned.

Regards,
  • #304,745
  • Mar 22, 2012 3:47pm Mar 22, 2012 3:47pm
Quoting nAVIN2007
i actually think tomorrow will be a down day
Hey Navin.. I can't believe you are actually saying this!! You.. talking about "down"??
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,746
  • Mar 22, 2012 3:50pm Mar 22, 2012 3:50pm
Quoting baherhosni
Hey Navin.. I can't believe you are actually saying this!! You.. talking about "down"??
Down is very good
  • #304,747
  • Mar 22, 2012 5:18pm Mar 22, 2012 5:18pm
My latest diamonds
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-201103230000-1.gif Size: 55 KB
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,748
  • Mar 22, 2012 6:49pm Mar 22, 2012 6:49pm
Quoting baherhosni
My latest diamonds
you showed on your chart price will go down, but what i failed to understand is why are you still holding long positions? mind you that if you're afraid to cut loss your position meaning that fear of losing, i'm afraid that you can't succeed in this business. meaning that you failed to calculate your risk when you made the order..

meanwhile, my PO triggered for fiber @ 3200 and i'll stand aside for a while for cable..
  • #304,749
  • Mar 22, 2012 7:01pm Mar 22, 2012 7:01pm
Early in the morning, owww....today is holiday here...as usual friday is difficult day for me.... Just beware with fundamental. As daily trader, I prefer to wait till find flat condition in certain TF and put BB, play buy and sell as usual...

For long trend, Everybody who expecting long bearish and bullish have their own reson, just like last week when seems like will bearish to 154Xx area but the fact cable went to 15925.

look at 4H chart, bull still have good reason to go,......... But as usual, strong Fundamental move will destroy the technical like this... Just believe in your self...good luck every body...hopefully it will be nice friday for you all.....
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  • #304,750
  • Mar 22, 2012 7:01pm Mar 22, 2012 7:01pm
Quoting A-speculator
you showed on your chart price will go down, but what i failed to understand is why are you still holding long positions? mind you that if you're afraid to cut loss your position meaning that fear of losing, i'm afraid that you can't succeed in this business. meaning that you failed to calculate your risk when you made the order..

meanwhile, my PO triggered for fiber @ 3200 and i'll stand aside for a while for cable..
I am afraid you failed to judge my strategy properly and assumed that I was afraid to set SLs or let go of a position for example. In order to properly judge this strategy, you need to know my lot sizes and TPs. This is the only way for you to know whether or not I will make green or red!

In other words, I know that you properly understand risk and money management, so it was premature for you to "state" that I failed! May be you can follow my strategy for a while on my Trade Explorer and find out how this strategy works for me..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,751
  • Mar 22, 2012 7:14pm Mar 22, 2012 7:14pm
Quoting baherhosni
I am afraid you failed to judge my strategy properly and assumed that I was afraid to set SLs or let go of a position for example. In order to properly judge this strategy, you need to know my lot sizes and TPs. This is the only way for you to know whether or not I will make green or red!

In other words, I know that you properly understand risk and money management, so it was premature for you to "state" that I failed! May be you can follow my strategy for a while on my Trade Explorer and find out how this strategy works for me..
sorry if you're being offended by that.. i think your right that i misjudge you, perhaps you have your own strategy in dealing with that.. sorry mate.
  • #304,752
  • Mar 22, 2012 7:22pm Mar 22, 2012 7:22pm
Quoting A-speculator
sorry if you're being offended by that.. i think your right that i misjudge you, perhaps you have your own strategy in dealing with that.. sorry mate.
Sir, I am not offended at all. I was actually surprised to hear this from you, knowing how good you are at this over the past days when I started participating on this topic. I respect your opinion and analysis very very much all the time. In fact, as a student of yours who is trying to prove himself, I had to illustrate my strategy a bit to you that I had not failed yet
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,753
  • Mar 22, 2012 7:25pm Mar 22, 2012 7:25pm
Quoting Faller
I would be careful on shorts right now - watch price action and wait for a break of levels - pound did not follow through yet in USA session - look before you leap.

Currently I am flat - no positions opened at all.

Hint look at the 30 min chart.....ahhh screw it I will post a chart for you guys.....as bearish as I am.....I am a chartist also.....as many in here can tell you......and look what I see on the 30 min chart......

Cheers Faller....

Quoting Faller
Also if you just look at the potential head and potential right shoulder you can see a potential cup and handle formation which is very bullish....patterns are patterns.....you have to take them with other information.......just sharing some knowledge here.....

Faller.


It is in the charts.....
Attached Image (click to enlarge)
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I don't trust any move - when you have profit...take it.
  • #304,754
  • Mar 22, 2012 7:37pm Mar 22, 2012 7:37pm
Faller:
Agree with you, i also posted 4H chart indicates bullish trend, cable went from lower line of daily BB in 4H time frame, ...but i hope it will retest 15800 before moving up to close my short shell position.... we will see
  • #304,755
  • Mar 22, 2012 7:39pm Mar 22, 2012 7:39pm
Quoting baherhosni
Sir, I am not offended at all. I was actually surprised to hear this from you, knowing how good you are at this over the past days when I started participating on this topic. I respect your opinion and analysis very very much all the time. In fact, as a student of yours who is trying to prove himself, I had to illustrate my strategy a bit to you that I had not failed yet
you don't have to prove anything mate.. in this business, everyday we are learning something new.. i'm not trying to offend anyone in any way.. i just think that your positioning is a bit risky hence to curb the drawdown, you're using hedging techniques but you placed the hedge position at s&r level.

As you may already see, i'm not encouraging anyone to hedge, in fact i always try to tell them not to use hedge. it is not the solution of making profits in forex in fact it is the problem.

if you see you're wrong, get out quick, that is the solution, when you're clear headed, you will place order better. Take your time in placing orders and do not try to get revenge from forex, it will really bite your ass if you do that.. lol.
  • #304,756
  • Mar 22, 2012 7:39pm Mar 22, 2012 7:39pm
Quoting Faller
It is in the charts.....
Based on your analysis, next week may be a bear party..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,757
  • Mar 22, 2012 7:49pm Mar 22, 2012 7:49pm
Quoting A-speculator
you don't have to prove anything mate.. in this business, everyday we are learning something new.. i'm not trying to offend anyone in any way.. i just think that your positioning is a bit risky hence to curb the drawdown, you're using hedging techniques but you placed the hedge position at s&r level.

As you may already see, i'm not encouraging anyone to hedge, in fact i always try to tell them not to use hedge. it is not the solution of making profits in forex in fact it is the problem.

if you see you're wrong, get out quick, that is the solution,...
Oh if I just can tell you how much there is not much "ass" left for the hedging to bite hehe. The idea is to start the wave small and build on it at S/R levels like you stated. After all these are where potential reversals or even retracements occur. with the help good math, and blessing from God, I should be able to manage to close these positions in profit. I don't calculate my success in profitable pips. I strive to get the profit in safe lot sizes (money management) and the proper TPs that would make me able to close a cluster of my positions in green in the overall. So, you will find loosing trades, but the clustered group of positions are in the green at the end. I honestly ask you to follow those long positions and how they will, by God, close in profit.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,758
  • Mar 22, 2012 7:50pm Mar 22, 2012 7:50pm
Nationwide Consumer Confidence 44

crap number again out of UK
I don't trust any move - when you have profit...take it.
  • #304,759
  • Mar 22, 2012 7:55pm Mar 22, 2012 7:55pm
Quoting A-speculator
you don't have to prove anything mate.. in this business, everyday we are learning something new.. i'm not trying to offend anyone in any way.. i just think that your positioning is a bit risky hence to curb the drawdown, you're using hedging techniques but you placed the hedge position at s&r level.

As you may already see, i'm not encouraging anyone to hedge, in fact i always try to tell them not to use hedge. it is not the solution of making profits in forex in fact it is the problem.

if you see you're wrong, get out quick, that is the solution,...
I just wanted to add that my respect for you and your opinions make me read your nickname "spectacular" in stead of "speculator"!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,760
  • Mar 22, 2012 7:57pm Mar 22, 2012 7:57pm
Quoting Faller
Nationwide Consumer Confidence 44

crap number again out of UK
I guess it reflected on the PA on the spot. But you know how it is during Asia, there is not much volume and momentum to break through walls very easily.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
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