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Cable Update (GBPUSD)

  • #328,801
  • Nov 1, 2012 4:57am Nov 1, 2012 4:57am
Quoting ZizoFX
Be easy on the newbie like me Navin, We all know we have hoped and prayed so the trade goes our way. We all learn with time. Good point though. What's your view on cable.

am short..relly on my instinct..but this is what i see
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  • #328,802
  • Nov 1, 2012 5:04am Nov 1, 2012 5:04am
Quoting bbakker
You can tell he is new to this! That $100 account will be gone in no time, I can pretty much guarantee it... lol


damn i didnt see it that its a 100$ account, after your post i saw it again and it is 100$ account and he is using leverage insanely

high risk high lo$$
Learning Requires Failure
  • #328,803
  • Nov 1, 2012 5:06am Nov 1, 2012 5:06am
if today gives a doji should be a great sell tomorrow..otherwise this is going higher
  • #328,804
  • Nov 1, 2012 5:07am Nov 1, 2012 5:07am
Quoting nAVIN2007
ofcourse!!..
i think u have a good chance to double your account
or triple
or ...
Learning Requires Failure
  • #328,805
  • Nov 1, 2012 5:12am Nov 1, 2012 5:12am
G/M

Upside follow thru so far today on yesterday's daily bullish candle after the descending Daily/4hr trend line saw an upside breech...some supply being encountered at the previous daily/4hr swing hi zone circled on 4hr screenshot below at the current daily hi - the dip finding buy the dip demand at the breeched Daily/4hr swing hi below it (resistance becomes support ) with 38.2% 6091-today's current hi.

How strong are the bulls now ? 1hr/4hr in general opa uptrends and daily looking more bullish with the HL and now a H at today's current Hi below the last LH on that t/f.

Plentry of potential resistance factors overhead ?

G/L
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ex member
  • #328,806
  • Nov 1, 2012 5:13am Nov 1, 2012 5:13am
Quoting tirmizi
or triple
or ...

cable is very tough to read..if it goes up i wont be surprised..afterall for 1 year i was bullish

the hurricane has made this tough
  • #328,807
  • Nov 1, 2012 5:14am Nov 1, 2012 5:14am
Quoting nAVIN2007
am short..relly on my instinct..but this is what i see
Very nice chart setup. My only reason for staying with longs is because we are clearly above monthly pivot and daily is heading higher to test the 1.6190 zone. I'm bearish long-term as i have pending orders in place. Monthly might decide to test its first Resistance at 1.62xx area.

GL
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Numbers NEVER Lie
  • #328,808
  • Nov 1, 2012 5:18am Nov 1, 2012 5:18am
Quoting aqeelaputra
i like your style..lanjutkan
with balance $100, when do you think i will be rich? probably never..
is it time to close?, or add again?.
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  • #328,809
  • Nov 1, 2012 5:20am Nov 1, 2012 5:20am
i took long at 6025 now stops are at 6090 with 1:3 leverage,

in this game how well you play is not the question rather how long you play

if you play safe you will find tons of opportunities to double triple quadrupling the account

click on the snap for larger view
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Learning Requires Failure
  • #328,810
  • Nov 1, 2012 5:22am Nov 1, 2012 5:22am
God still with me
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  • #328,811
  • Nov 1, 2012 5:23am Nov 1, 2012 5:23am
Quoting TauTrader
Good day,

Just thought I would post my current thoughts - it's to keep me honest and also for you to comment - should you so choose. But these are just thoughts.

One scenario I see:

The recent low formed on 23 October (marked 1) @ around 1.591x is not the last of it. It's not a key low. That still has to come - eventually.

I also like to believe that we still need to go a little bit higher still from the current 1.6120/30 level to possibly test 1.6160/1.6180 area at the top of the current channel I have on the chart ( marked 2)

Should the channel...
Still holding my EU shorts...

As pondered this morning with my earlier post - price is attempting to form a resistance fractal at this point. This could become a false breakout from the channel.

We also see an attempt at hidden bearish divergence - but this can change as it's not formed at this point. I will be watching this area closely - but not yet act - still early days.


Should we establish resistance here - that recent low mentioned may very well be taken out as we go forward.

Regards
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  • #328,812
  • Nov 1, 2012 5:24am Nov 1, 2012 5:24am
This guy cracks me up...

First he says -

Quoting sabar
it is always OK if you trading with a good plan, and it will be great if you remember to your God. bismillah...
Then he asks us -

Quoting sabar
with balance $100, when do you think i will be rich? probably never..
is it time to close?, or add again?.
The probability of you losing your account is 99.999999% and the probability of becoming rich is 0.000001% at best.
  • #328,813
  • Nov 1, 2012 5:24am Nov 1, 2012 5:24am
Quoting nAVIN2007
cable is very tough to read..if it goes up i wont be surprised..afterall for 1 year i was bullish

the hurricane has made this tough
yes correct 007

for downside i have number 6060 to be tested again in very near future, i think by monday
Learning Requires Failure
  • #328,814
  • Nov 1, 2012 5:28am Nov 1, 2012 5:28am
Quoting sabar
with balance $100, when do you think i will be rich? probably never..
is it time to close?, or add again?.Attachment
in a funny way it actually a descent trade..but what lets u down is the amount u have to play with..u are completely at the mercy of a trendline on dailly if that goes this will fall..and u will blow your account

but it has 80% or maybe 90% chance it will hold however today is impt news ..making anything risky
  • #328,815
  • Nov 1, 2012 5:29am Nov 1, 2012 5:29am
close all now, 40% in one trade i like this style loking for another opportunity like this again. really like this game,.
see you next in my best trading, GU only
  • #328,816
  • Nov 1, 2012 5:32am Nov 1, 2012 5:32am
Quoting sabar
close all now, 40% in one trade i like this style loking for another opportunity like this again. really like this game,.
see you next in my best trading, GU only
Good day to you,

It was nice knowing you.

All the best.

Regards
  • #328,817
  • Nov 1, 2012 5:32am Nov 1, 2012 5:32am
congrats for your 40 % per trade dude.
but..... may i ask something ? why u show us your equity ?


Quoting sabar
close all now, 40% in one trade i like this style loking for another opportunity like this again. really like this game,.
see you next in my best trading, GU only
not euphoria follower
  • #328,818
  • Nov 1, 2012 5:35am Nov 1, 2012 5:35am
Quoting sabar
close all now, 40% in one trade i like this style loking for another opportunity like this again. really like this game,.
see you next in my best trading, GU only
U deserve this as new trader.

respect.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #328,819
  • Nov 1, 2012 5:36am Nov 1, 2012 5:36am
Quoting sabar
close all now, 40% in one trade i like this style loking for another opportunity like this again. really like this game,.
see you next in my best trading, GU only
Hi Sabar, tell us the truth. You are not a brand newbie. You are SG ? Your precedent pseudo. Come on...
Don't be smart. Be rich.
  • #328,820
  • Nov 1, 2012 5:38am Nov 1, 2012 5:38am
euro$

if prices closes on 1 hourly tf back up to 2951 then its bullish towards 3085, but it will take time i guess because we are in triangle daily TF and prices are getting congested

click on the chart for larger view!
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Learning Requires Failure
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