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Cable Update (GBPUSD)

  • #332,361
  • Dec 12, 2012 8:44pm Dec 12, 2012 8:44pm
Quoting alex1976
Maybe a nice time to boat load at the trendline right right here
Long still on
  • #332,362
  • Dec 12, 2012 8:56pm Dec 12, 2012 8:56pm
Quoting alex1976
Long still on

time to short. pa is pointing to loses today
  • #332,363
  • Dec 12, 2012 8:58pm Dec 12, 2012 8:58pm
Quoting alex1976
Long still on
3 white soldiers what we have in daily.. 6120-30 is resistance turned support..
  • #332,364
  • Dec 12, 2012 9:01pm Dec 12, 2012 9:01pm
Quoting Nachiket
time to short. pa is pointing to loses today
i'm not so sure of that mate.. care to explain?
  • #332,365
  • Dec 12, 2012 9:05pm Dec 12, 2012 9:05pm
Quoting A-speculator
i'm not so sure of that mate.. care to explain?
sure will do. prices have not been able to push the highs of 1.6171 even after bernanke's new drug. infact remember this was the place where it struggled last time as well. we have a weak closing for the last H4 candle. it should have held above 1.6144 but i think it did not. also remember no more hopium soon.
  • #332,366
  • Dec 12, 2012 9:09pm Dec 12, 2012 9:09pm
Quoting Nachiket
sure will do. prices have not been able to push the highs of 1.6171 even after bernanke's new drug. infact remember this was the place where it struggled last time as well. we have a weak closing for the last H4 candle. it should have held above 1.6144 but i think it did not. also remember no more hopium soon.
we have new high in 4h, not so sure of shorting anymore,

yes, i can see price stalled at last high but we print new high in 4h & daily, atm price is at about the resistance turned support..

say your assumption is true, where is your entry and how much do you think it will go down?

for me, i'm going to test long at current price.. the magic price 6130, with SL at 6105 - 25 pip risk.
  • #332,367
  • Dec 12, 2012 9:12pm Dec 12, 2012 9:12pm
Quoting A-speculator
we have new high in 4h, not so sure of shorting anymore,

yes, i can see price stalled at last high but we print new high in 4h & daily, atm price is at about the resistance turned support..

say your assumption is true, where is your entry and how much do you think it will go down?

for me, i'm going to test long at current price.. the magic price 6130, with SL at 6105 - 25 pip risk.
I am short here with a target of 1.6000 in a week's time.
  • #332,368
  • Dec 12, 2012 9:13pm Dec 12, 2012 9:13pm
Quoting Nachiket
sure will do. prices have not been able to push the highs of 1.6171 even after bernanke's new drug. infact remember this was the place where it struggled last time as well. we have a weak closing for the last H4 candle. it should have held above 1.6144 but i think it did not. also remember no more hopium soon.
What do you mean no more hopium?
Come with me if you want to live....
  • #332,369
  • Dec 12, 2012 9:13pm Dec 12, 2012 9:13pm
Quoting Nachiket
I am short here with a target of 1.6000 in a week's time.
where is here mate?
  • #332,370
  • Dec 12, 2012 9:33pm Dec 12, 2012 9:33pm
Quoting A-speculator
3 white soldiers what we have in daily.. 6120-30 is resistance turned support..

yes we agree that the cable is still long. Please explain 3 white soilders?

does that mean 3 daily full candles?
  • #332,371
  • Dec 12, 2012 9:42pm Dec 12, 2012 9:42pm
Quoting alex1976
yes we agree that the cable is still long. Please explain 3 white soilders?

does that mean 3 daily full candles?
yes it is..
Attached Image
  • #332,372
  • Dec 12, 2012 9:58pm Dec 12, 2012 9:58pm
Quoting A-speculator
yes it is..
yea, tks, I just googled it and read about it.

I was like that though when I first started 5 years ago. I always wanted to decided when I thought the price was going to turn around.

Takes a while to get over that thought process.

All with time I guess.
  • #332,373
  • Dec 12, 2012 10:01pm Dec 12, 2012 10:01pm
its like trying to decide when its going to stop raining while its still pouring.

Flow like water.
  • #332,374
  • Dec 12, 2012 10:04pm Dec 12, 2012 10:04pm
Quoting alex1976
yea, tks, I just googled it and read about it.

I was like that though when I first started 5 years ago. I always wanted to decided when I thought the price was going to turn around.

Takes a while to get over that thought process.

All with time I guess.
time is a very good teacher provided we have an excellent system to guide us. i started out trading in 2005, took me 1 year to understand the technical part and 3 years to overcome my emotions. to me emotions is a very bad thing in this business and it can ruin our account in a blink of an eye.

hopefully we can manage to get to Nav magic price, maybe we arrive to 6300 sooner than we expected. i'm not predicting this, price will tell us if otherwise. Let's just follow the flow for the time being...
  • #332,375
  • Dec 12, 2012 10:07pm Dec 12, 2012 10:07pm
Quoting A-speculator
time is a very good teacher provided we have an excellent system to guide us. i started out trading in 2005, took me 1 year to understand the technical part and 3 years to overcome my emotions. to me emotions is a very bad thing in this business and it can ruin our account in a blink of an eye.

hopefully we can manage to get to Nav magic price, maybe we arrive to 6300 sooner than we expected. i'm not predicting this, price will tell us if otherwise. Let's just follow the flow for the time being...

I think flowing is the best best.

I think becoming one with price is key, versus resisting it, which is what most of us do.
  • #332,376
  • Dec 12, 2012 10:07pm Dec 12, 2012 10:07pm
Quoting alex1976
I think flowing is the best best.

I think becoming one with price is key, versus resisting it, which is what most of us do.

best bet
  • #332,377
  • Edited 10:26pm Dec 12, 2012 10:11pm | Edited 10:26pm
Quoting alex1976
I think flowing is the best best.

I think becoming one with price is key, versus resisting it, which is what most of us do.
sure it is mate, price moved because of what the masses believe, sometimes it is related to the fundamental sometime it's not...

that is why i always stress to our beloved members here to just follow the technical, we are traders not economist, we don't have to rely too much on fundamental which can influence our judgement. more information doesn't always equals to better judgement.

remember this:

Good traders : Buy low, sell high.
Exceptional traders : Buy high, Sell even higher.

all the best mate.
  • #332,378
  • Dec 12, 2012 10:39pm Dec 12, 2012 10:39pm
Quoting A-speculator
time is a very good teacher provided we have an excellent system to guide us. i started out trading in 2005, took me 1 year to understand the technical part and 3 years to overcome my emotions. to me emotions is a very bad thing in this business and it can ruin our account in a blink of an eye.

hopefully we can manage to get to Nav magic price, maybe we arrive to 6300 sooner than we expected. i'm not predicting this, price will tell us if otherwise. Let's just follow the flow for the time being...
If there was easy money lying around,no one would be forcing it into your
  • #332,379
  • Dec 12, 2012 11:21pm Dec 12, 2012 11:21pm
Quoting fxtyrant
wow i am really suffering betting for Yen Demand... Yen Easing shit just got real.... guess i have to hold the positions for long because a pullback to EMA200 is bound to happen....
just asking, don't you have any SL mate for your trades? why do you have to hold losing position for so long? is it worth it?
  • #332,380
  • Dec 12, 2012 11:41pm Dec 12, 2012 11:41pm
hopefully this coming fundamental data for swiss can push swissy higher and fiber & EG lower so that we all could get in..
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