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Cable Update (GBPUSD)

  • #324,721
  • Sep 21, 2012 4:29am Sep 21, 2012 4:29am
Quoting albchr
Dude...I don't think we ever left the "buy the dips" trend yet. Sure seemed like it yesterday when I took a 100 off EU on a short but apparently, that was simply a correction as PT said before? Dam I don't know.

I have very little experience trading overall and NONE in this wonderful world economy we're in so quite honestly, I'm BAFFLED by this PA.
every1 is baffled..nobody knows..but u have to take yur changes..i hate scalping already

if today reverses i going for 1.6050
  • #324,722
  • Sep 21, 2012 4:30am Sep 21, 2012 4:30am
Quoting albchr
Dude...I don't think we ever left the "buy the dips" trend yet. Sure seemed like it yesterday when I took a 100 off EU on a short but apparently, that was simply a correction as PT said before? Dam I don't know.

I have very little experience trading overall and NONE in this wonderful world economy we're in so quite honestly, I'm BAFFLED by this PA.
important buyers down there...no other rumor

EU should drop to 3002 first and GU to 6269-65 first

later I'll come with the rest of the levels

it should drop to starting levels we had today.....but it's friday...normally what I trade Friday is opposite
  • #324,723
  • Sep 21, 2012 4:32am Sep 21, 2012 4:32am
Quoting gavalar
closed 1.62890 15 pips (ish), not sure the long has run its course as yet
I'm keeping my short position open but just adjusting my S/L to b/e.
It's anybody's guess where this one is headed...

Show Me Your Pips!!!
  • #324,724
  • Sep 21, 2012 4:32am Sep 21, 2012 4:32am
Quoting nAVIN2007
man i hope this bear candle on the left can do something..where the feck are the bears
I think a lot of folks like me thought the high was about it and had planned their shorts with sl not far above, possibly got taken out with the additional up
  • #324,725
  • Sep 21, 2012 4:38am Sep 21, 2012 4:38am
Quoting Kaloo5
I'm keeping my short position open but just adjusting my S/L to b/e.
It's anybody's guess where this one is headed...

yes
1.6269 first and if that one fails 1.6255 and 1.6242 as last stop

but eyes first on 1.6269 as it might bounce back up
  • #324,726
  • Sep 21, 2012 4:42am Sep 21, 2012 4:42am
Sell triggered @ 1.6295
stopped out @ 1.6310
Im a F****ng idiot!
Stopped by a pip. Again.
  • #324,727
  • Sep 21, 2012 4:43am Sep 21, 2012 4:43am
breaking 6305 next levels goes to 6501, very shortcut correction last time .Top formation failed for now .big bear set up still before 6750 breaks and more .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 14 KB
Click to Enlarge Name: gu2.gif Size: 16 KB
Click to Enlarge Name: gu3.gif Size: 16 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #324,728
  • Sep 21, 2012 4:43am Sep 21, 2012 4:43am
Quoting gavalar
I think a lot of folks like me thought the high was about it and had planned their shorts with sl not far above, possibly got taken out with the additional up

exactly ..thought behind trade..
we have exceeded dailly range already..how far up can the bitch go..

who is brave enough to buy when the dailly range has been complete.

taking a change..an red thoughts on it ..helping
  • #324,729
  • Sep 21, 2012 4:44am Sep 21, 2012 4:44am
Quoting redbeben
important buyers down there...no other rumor

EU should drop to 3002 first and GU to 6269-65 first

later I'll come with the rest of the levels

it should drop to starting levels we had today.....but it's friday...normally what I trade Friday is opposite
Agreed. I think a bounce (or stall) at 6280, test 6260ish and then we see....maybe....I guess....perhaps....we'll see??
Ghost Rider - WWTBMD?
  • #324,730
  • Sep 21, 2012 4:44am Sep 21, 2012 4:44am
Quoting PoundTrader
Trends are great profit-making opportunities. They are directional, but usually include ranges that provide you a chance to hop on board at numerous stages.

If forex traders have the potential to make the most money trading with the trend, the opposite is true. That is, traders have the potential to lose the most money, and lose it fast, trading against the trend. As a result, it makes sense to trade with the trend.

Even though trends are directional, they tend to move in a step-like progression. Large trend moves are followed by smaller corrections...
If you are going to copy and paste someone's work, it is usual to provide a link, like this: http://www.fxstreet.com/education/tr...nd/2012/09/13/
Gone to a better place
  • #324,731
  • Sep 21, 2012 4:47am Sep 21, 2012 4:47am
Quoting Freshpips
Sell triggered @ 1.6295
stopped out @ 1.6310
Im a F****ng idiot!
Stopped by a pip. Again.

no yur not..just need to understand..that when a support or resistance level is hit..many stops are hit this will take price higher or lower..that increase needs not to be misunderstood as a breakout.. so u need to take it into account..

ie u being hit made price go a bit higher..
dont worry..market will offer u a way to get it back
  • #324,732
  • Sep 21, 2012 4:47am Sep 21, 2012 4:47am
Soon we will see GU reach 1.6345 today, till $ is weak no one can stop EU GU
Believe in your thesis and stick to the plan, don't get scared with moves
  • #324,733
  • Sep 21, 2012 4:47am Sep 21, 2012 4:47am
Quoting gavalar
I think a lot of folks like me thought the high was about it and had planned their shorts with sl not far above, possibly got taken out with the additional up
I was one of them

Had 2 legs running with a S/L at 1.6235. Thought 1.6230 would be safe resistance and decided to go 5 pips higher.
Clearly it wasn't....
Show Me Your Pips!!!
  • #324,734
  • Sep 21, 2012 4:48am Sep 21, 2012 4:48am
Quoting nAVIN2007
exactly ..thought behind trade..
we have exceeded dailly range already..how far up can the bitch go..

who is brave enough to buy when the dailly range has been complete.

taking a change..an red thoughts on it ..helping

Ummmm.....me...

Probably an idiot but ... long at 6289 and dam the torpedos! Profit or bust, I don't care!
Ghost Rider - WWTBMD?
  • #324,735
  • Sep 21, 2012 4:51am Sep 21, 2012 4:51am
if you draw a new fibo on h1, first stop back from the high which is 23.6 is the previous high. This is at 1.62725 so I think Red is almost spot on, anywhere between that and 1.6269 will be the place to watch if it is to continue its upward trend.
  • #324,736
  • Sep 21, 2012 4:56am Sep 21, 2012 4:56am
Quoting nAVIN2007
no yur not..just need to understand..that when a support or resistance level is hit..many stops are hit this will take price higher or lower..that increase needs not to be misunderstood as a breakout.. so u need to take it into account..

ie u being hit made price go a bit higher..
dont worry..market will offer u a way to get it back
Cheers bro, I understand that which is why I thought +10 above level would be safe enough. Plus I wasnt entirely sure what sort of rejectrion we would see and therefore TP wasnt going to be huge initially, and so to keep to my rules and R:R ratio, didnt want to risk much more, plus the fact if 1.63 had pulled price through it and propelled it through other side I wanted to be protected...Bulls were looking strong in the shorterm up till there...

Ill get it back, just going to wait and watch for a while, try and see what the markets telling me...

Thanks
  • #324,737
  • Sep 21, 2012 4:57am Sep 21, 2012 4:57am
Quoting albchr
Ummmm.....me...

Probably an idiot but ... long at 6289 and dam the torpedos! Profit or bust, I don't care!

thats the spirit buddy ..not like we in a real war

he who dares wins..
  • #324,738
  • Sep 21, 2012 5:00am Sep 21, 2012 5:00am
Quoting Freshpips
Cheers bro, I understand that which is why I thought +10 above level would be safe enough. Plus I wasnt entirely sure what sort of rejectrion we would see and therefore TP wasnt going to be huge initially, and so to keep to my rules and R:R ratio, didnt want to risk much more, plus the fact if 1.63 had pulled price through it and propelled it through other side I wanted to be protected...Bulls were looking strong in the shorterm up till there...

Ill get it back, just going to wait and watch for a while, try and see what the markets telling me......

10 pips is never enough bro..if yur going to do stuff like this, where u need accuracy..u have to use trendlines..

it looks like it was the bloody spread that made u get it
  • #324,739
  • Sep 21, 2012 5:01am Sep 21, 2012 5:01am
Quoting gavalar
if you draw a new fibo on h1, first stop back from the high which is 23.6 is the previous high. This is at 1.62725 so I think Red is almost spot on, anywhere between that and 1.6269 will be the place to watch if it is to continue its upward trend.
red sees things but friday he is usually wrong

anyway 1.6269 should be...I want it

I have 2 shorts one from 1.6290 and one from 1.6300

the one from 6290 will close now @ + 12 pips the other one BE already

as soon as 6269 is touched I'll lock 10 on it

on EU I opened another short to recover my eaten SL (why did I put SL @ 3047 only to reopen @ 3042..beats me)

uchf needs to go to 0.9314 0.9325 0.9336 if 9314 fails to hold

this either mean GU will stop here and go back up and EU stop at 1.3003 and go back up or we continue as I said to previous daily start levels aka 1.2970-60 for EU and 1.6240 for GU....6242 is in the charts if 6269 fails

just pick one of the numbers alright
  • #324,740
  • Sep 21, 2012 5:06am Sep 21, 2012 5:06am
not quite a dark cloud cover on 1hr but..bears..are holding da bulls by the balls
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