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Cable Update (GBPUSD)

  • #322,441
  • Aug 23, 2012 2:21am Aug 23, 2012 2:21am
Quoting XTrade
Well when it doesn't happen that might mean we have broken resistance and made new support.

We are ten minutes into london tokyo x session. see if you get a chance here.
too close to next resistant , i will wait for news, sometime taking no trade is good trade
Mohan
  • #322,442
  • Aug 23, 2012 2:25am Aug 23, 2012 2:25am
French PMI was positive
Hoping Negative German PMI
If positive this thing will shoot to 60+
In trading, you have to be defensive and aggressive at the same time
  • #322,443
  • Aug 23, 2012 2:36am Aug 23, 2012 2:36am
Quoting mohan76
i have similar view but this not the place to take long i am waiting and waiting due pullback to load some long but it's not happening
yes would be GREAT to buy near 5830.
but in the same time would be too easy.
let's see what goes on.

must be careful anyway,
it's forex
90% of traders use TA, indicators and prediction
  • #322,444
  • Aug 23, 2012 2:41am Aug 23, 2012 2:41am
Didn't look but doubt neg German anything.

Quoting Davit
French PMI was positive
Hoping Negative German PMI
If positive this thing will shoot to 60+
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,445
  • Aug 23, 2012 2:46am Aug 23, 2012 2:46am
G/M,

another bullish thrust candle on the Daily yesterday..with a decisive break and close above 50% 6300-5267. So far today a bullish upside follow thru to 61.8% of said move. Daily Pivots above and Monthly R2 @/around 5982.

No doubt many waiting to buy/add on a pullback ?

Always surprises me on this thread and others in spite of the strong bullish sentiment/obvious technical uptrends on many t/f's - some participants choose to sell all the way up lol ! Whilst there are hi-prob counter trend opportunities surely the working assumption in a strong trend is that they are pullbacks and better to seek buying opps until pa on successively higher t/f's tells us otherwise ? Whatever !

Daily below

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 182 KB
ex member
  • #322,446
  • Aug 23, 2012 2:48am Aug 23, 2012 2:48am
THANK YOU FOR This ELOQUENT POST!!!!!!!!!!

Just WHAT I HAVE BEEN TRYING to say!

Maybe now some will get THE PICTURE!

Quoting bbmac
G/M,

another bullish thrust candle on the Daily yesterday..with a decisive break and close above 50% 6300-5267. So far today a bullish upside follow thru to 61.8% of said move. Daily Pivots above and Monthly R2 @/around 5982.

No doubt many waiting to buy/add on a pullback ?

Always surprises me on this thread and others in spite of the strong bullish sentiment/obvious technical uptrends on many t/f's - some participants choose to sell all the way up lol ! Whilst there are hi-prob counter trend opportunities sutely the working assumption...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,447
  • Aug 23, 2012 2:51am Aug 23, 2012 2:51am
NO. go to bed and get up in a few hours read news and trade NYC.

Quoting MrThief
should i go for a sell position here... .1 leverage... i have an account of 500$ only
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,448
  • Aug 23, 2012 2:54am Aug 23, 2012 2:54am
Just to reiterate the good parts

Quoting XTrade
OK -----

NEVER FOLLOW ANYONE BESIDES YOUR OWN - Analysis, Fundies, or GUT>


I swear people on this forum just SHORT because you can.

I really do think every new trader to FX should be forced to trade LONG ONLY for six months before considering a short.

XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,449
  • Aug 23, 2012 2:58am Aug 23, 2012 2:58am
Quoting XTrade
Just to reiterate the good parts
thats really helpfull...
good job...
  • #322,450
  • Aug 23, 2012 3:03am Aug 23, 2012 3:03am
I'm here to help all you guys short on GU.

I will simply open a long trade and that should guarantee it will drop like a stone.

Good luck.
  • #322,451
  • Aug 23, 2012 3:06am Aug 23, 2012 3:06am
Quoting iamkjb
I'm here to help all you guys short on GU.

I will simply open a long trade and that should guarantee it will drop like a stone.

Good luck.

1 simple question...
what does SHORT mean and what does LONG

short means for low pips around 20-50 pips

long means far away TP like 1.5555 to 1.6000


am i right?
  • #322,452
  • Aug 23, 2012 3:09am Aug 23, 2012 3:09am
Quoting MrThief
1 simple question...
what does SHORT mean and what does LONG

short means for low pips around 20-50 pips

long means far away TP like 1.5555 to 1.6000


am i right?
why are u trading and why dont even know this..this is not easy bro, infact maybe one of the hardest ways to make money
read babypips then come back..

u cannot be successful in life u dont know what it takes to be successful ..u have to graft to attain knowledge, only then will it fall in yur lap..

2 things i want from u..
1)read babypips completely
2) change yur nick "u are not a thief" so why call yourself mrthief..

its not easy to help someone when they are reminded of thieves
  • #322,453
  • Aug 23, 2012 3:09am Aug 23, 2012 3:09am
Quoting MrThief
1 simple question...
what does SHORT mean and what does LONG

short means for low pips around 20-50 pips

long means far away TP like 1.5555 to 1.6000


am i right?
Tell me seriously, you're just kidding.
  • #322,454
  • Aug 23, 2012 3:12am Aug 23, 2012 3:12am
You should not be live trading if you don't know this.
IF it is a language thing than ok,

SHORT = SELL
LONG = BUY,

every currency transaction is a short and a long or a long and a short in the same click, you are BUYING one CURRENCY IN OR against ANOTHER,

Quoting MrThief
1 simple question...
what does SHORT mean and what does LONG

short means for low pips around 20-50 pips

long means far away TP like 1.5555 to 1.6000


am i right?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,455
  • Aug 23, 2012 3:13am Aug 23, 2012 3:13am


Quoting iamkjb
Tell me seriously, you're just kidding.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,456
  • Aug 23, 2012 3:15am Aug 23, 2012 3:15am
plus 10

Quoting nAVIN2007
why are u trading and why dont even know this..this is not easy bro, infact maybe one of the hardest ways to make money
read babypips then come back..

u cannot be successful in life u dont know what it takes to be successful ..u have to graft to attain knowledge, only then will it fall in yur lap..

2 things i want from u..
1)read babypips completely
2) change yur nick "u are not a thief" so why call yourself mrthief..

its not easy to help someone when they are reminded of thieves
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,457
  • Aug 23, 2012 3:15am Aug 23, 2012 3:15am
Quoting nAVIN2007
why are u trading and why dont even know this..this is not easy bro, infact maybe one of the hardest ways to make money
read babypips then come back..

sorry brother but im little bit confused...
i started year ago.. by luck i made 40 time more money than invested
from 1k to 40k

then gone all away in a week as the market went away from 1.6800 to 1.5234


then studying alot about it,checking forums,doind funda and techn studies
now i started with 400$
made 1000$ in a week
then lost 260$ because my brother had some interference

no im again in
because i need to cover most of my money

  • #322,458
  • Aug 23, 2012 3:16am Aug 23, 2012 3:16am
After breaking up and running fast the pair might slow down, but for me the target is clear.
Attached Image (click to enlarge)
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  • #322,459
  • Aug 23, 2012 3:20am Aug 23, 2012 3:20am
Quoting MrThief
sorry brother but im little bit confused...
i started year ago.. by luck i made 40 time more money than invested
from 1k to 40k

then gone all away in a week as the market went away from 1.6800 to 1.5234


then studying alot about it,checking forums,doind funda and techn studies
now i started with 400$
made 1000$ in a week
then lost 260$ because my brother had some interference

no im again in
because i need to cover most of my money


http://babypips.com/school/
Mohan
  • #322,460
  • Aug 23, 2012 3:20am Aug 23, 2012 3:20am
mrthief is my nick in games so i choose to have this here aswell...
and i will study babypips
infact i started

im able to read a chart a little bit,no too much
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