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Cable Update (GBPUSD)

  • #332,581
  • Dec 19, 2012 3:16am Dec 19, 2012 3:16am
As per my post - bought cable yesterday. Running smoothly. Will update the TPs on my twitter soon.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #332,582
  • Dec 19, 2012 3:43am Dec 19, 2012 3:43am
will be online in 20minutes for last technical session of the year
follow the link if interested.
simply 1hour of tech analysis on EU GU Egb XAU UJ and some chit-chat.
no subscription required!
tks
90% of traders use TA, indicators and prediction
  • #332,583
  • Dec 19, 2012 4:20am Dec 19, 2012 4:20am
cleared my longs @ 6300.. now let's enjoy christmas guys!

Thank you NAV!!!
  • #332,584
  • Dec 19, 2012 4:21am Dec 19, 2012 4:21am
Quoting A-speculator
cleared my longs @ 6300.. now let's enjoy christmas guys!

Thank you NAV!!!
im short but at least i learned something im not patient enough..
oh well..we live to learn everyday

i just hope its not going to where i thought ..1.6470 area
  • #332,585
  • Dec 19, 2012 4:23am Dec 19, 2012 4:23am
i think commodity currency will make a u-turn in the near future (AUD,NZD & CAD).. will monitor the progress..
  • #332,586
  • Dec 19, 2012 4:23am Dec 19, 2012 4:23am
Quoting alex1976
I don't see any resistance from here to 300, does anyone else?
Do you think it has broken the trendline at monthly chart
  • #332,587
  • Dec 19, 2012 4:24am Dec 19, 2012 4:24am
Quoting nAVIN2007
im short but at least i learned something im not patient enough..
oh well..we live to learn everyday

i just hope its not going to where i thought ..1.6470 area
i'm not interested anymore on cable.. might get choppy from here on, i guess..

i'm more interested to the commodity currency.. might not make any trade on cable for sometime i guess until clear breakout or valid reversal sighted..
  • #332,588
  • Dec 19, 2012 4:29am Dec 19, 2012 4:29am
Quoting A-speculator
i'm not interested anymore on cable.. might get choppy from here on, i guess..

i'm more interested to the commodity currency.. might not make any trade on cable for sometime i guess until clear breakout or valid reversal sighted..

market is very short on cable..and any attempt to short has failed...my head looks at the chart and i see bulls longer term but then i reflect on euro and fundamentals and think why would cable fly?? longer term

conflict arise and i go fundamental ..and get it!..still its in a place where short still has a chance so not concerned
  • #332,589
  • Dec 19, 2012 4:36am Dec 19, 2012 4:36am
Quoting nAVIN2007
market is very short on cable..and any attempt to short has failed...my head looks at the chart and i see bulls longer term but then i reflect on euro and fundamentals and think why would cable fly?? longer term

conflict arise and i go fundamental ..and get it!..still its in a place where short still has a chance so not concerned
i think the problem is TF, i don't know what TF you're analyzing mate.. and i can't figure out, why you like to hold losses for too long..

i think if you can improve your positioning and be patient enough until your entry price triggered, you will be fine. If you can improve on how to take losses earlier.. i think you will be a better trader.

if you're using 4h, taking a swing for a few hundred pips is not reasonable, even if you're trading the yearly chart, taking such swing is still not reasonable..

your money doesn't do any good if you're in -ve mate.. so i hope in the coming days, we can see that change, losses is normal in this business so please don't be afraid of it..

all the best mate & i hope you will have a wonderful christmas.
  • #332,590
  • Dec 19, 2012 4:45am Dec 19, 2012 4:45am
Quoting A-speculator
i think the problem is TF, i don't know what TF you're analyzing mate.. and i can't figure out, why you like to hold losses for too long..

i think if you can improve your positioning and be patient enough until your entry price triggered, you will be fine. If you can improve on how to take losses earlier.. i think you will be a better trader.

if you're using 4h, taking a swing for a few hundred pips is not reasonable, even if you're trading the yearly chart, taking such swing is still not reasonable..

your money doesn't do any good if you're...
it has nothing to do with accepting a loss..its all to do with the edge..its how i trade because i work and not around to monitor trade...i have no problem..with floating loss and time..let me ask u one thing?? is your account growing?

if it is not then i cant understand yur view point
bottom line profit is better than any loss and for me..if i was scalping i think id have lose a lot more..

only thing i did wrong is go the wrong way..lol
  • #332,591
  • Dec 19, 2012 4:52am Dec 19, 2012 4:52am
Quoting nAVIN2007
it has nothing to do with accepting a loss..its all to do with the edge..its how i trade because i work and not around to monitor trade...i have no problem..with floating loss and time..let me ask u one thing?? is your account growing?

if it is not then i cant understand yur view point
bottom line profit is better than any loss and for me..if i was scalping i think id have lose a lot more..

only thing i did wrong is go the wrong way..lol
ok mate.. you're the greatest! keep up good work.

it's really nice meeting you, and all our members here!
  • #332,592
  • Dec 19, 2012 5:00am Dec 19, 2012 5:00am
This currency pair will fly to 1.955, yet nobody cares to tell us why
The fragrance remains in the hands of those that gves the rose
  • #332,593
  • Edited 5:24am Dec 19, 2012 5:01am | Edited 5:24am
Quoting A-speculator
ok mate.. you're the greatest! keep up good work.

it's really nice meeting you, and all our members here!

u are missing the point of what im saying..its not about u and making money
but if u arent making profit..then sayin having floating losses of hundreds of pips isnt reasonable..is wrong..

because anything which yields a profit over time is reasonable over a loss
case of the glass being half full or empty
have a great xmas..i mean no offense
  • #332,594
  • Dec 19, 2012 5:02am Dec 19, 2012 5:02am
Quoting nAVIN2007
im short but at least i learned something im not patient enough..
oh well..we live to learn everyday

i just hope its not going to where i thought ..1.6470 area
Hi nAVIN,
with you from 1.6300 risking only 10 though, pretty wild shot but worth it imo
Don't be a hero. Don't have an ego. Always question yourself
  • #332,595
  • Dec 19, 2012 5:05am Dec 19, 2012 5:05am
Quoting USD-Bear
Hi nAVIN,
with you from 1.6300 risking only 10 though, pretty wild shot but worth it imo
fully agree! lets see.
Get rich or die tryin!
  • #332,596
  • Dec 19, 2012 5:06am Dec 19, 2012 5:06am
Quoting USD-Bear
Hi nAVIN,
with you from 1.6300 risking only 10 though, pretty wild shot but worth it imo
agree
might get lucky
  • #332,597
  • Dec 19, 2012 5:08am Dec 19, 2012 5:08am
Quoting nAVIN2007
it has nothing to do with accepting a loss..its all to do with the edge..its how i trade because i work and not around to monitor trade...i have no problem..with floating loss and time..let me ask u one thing?? is your account growing?

if it is not then i cant understand yur view point
bottom line profit is better than any loss and for me..if i was scalping i think id have lose a lot more..

only thing i did wrong is go the wrong way..lol
Nav, what's your target? Still bailing out at 1.6?
  • #332,598
  • Dec 19, 2012 5:16am Dec 19, 2012 5:16am
Once 1.6308 is taken out then next destination is 1.6472. Updated Weekly chart. That flag didn't just form to test 1.6308, It was actually building to take out previous resistances. Let's see what cable does next. First target reached

GL
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Numbers NEVER Lie
  • #332,599
  • Dec 19, 2012 5:19am Dec 19, 2012 5:19am
Quoting CasperTrader
Nav, what's your target? Still bailing out at 1.6?
have to wait for year close ..but im thinking 1.55 or 1.5350 on the assumption that 1.63 actually holds
  • #332,600
  • Dec 19, 2012 5:24am Dec 19, 2012 5:24am
Quoting nAVIN2007
have to wait for year close ..but im thinking 1.55 or 1.5350 on the assumption that 1.63 actually holds
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