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Cable Update (GBPUSD)

  • #337,161
  • Mar 18, 2013 10:33am Mar 18, 2013 10:33am
Quoting funtik
BUY
If the price breaks through the level 1.51110 bullish movement will continue. Targets of the bullish movement: 1.51911.
SELL
If the price breaks through the level 1.49019 bearish movement will start. Targets of the bearish movement: 1.47503, 1.45988.
so.. for 210 pips worth of trading, i just wait? ok..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,162
  • Mar 18, 2013 10:43am Mar 18, 2013 10:43am
Quoting funtik
BUY
If the price breaks through the level 1.51110 bullish movement will continue. Targets of the bullish movement: 1.51911.
SELL
If the price breaks through the level 1.49019 bearish movement will start. Targets of the bearish movement: 1.47503, 1.45988.
Price has gone through 1.5110 multiple times today.
  • #337,163
  • Mar 18, 2013 10:54am Mar 18, 2013 10:54am
hmm.. higher lows on H1.. could be north or a an attempt to find large volume res to push south from.. i hate this chart now..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,164
  • Mar 18, 2013 10:56am Mar 18, 2013 10:56am
Quoting baherhosni
hmm.. higher lows on H1.. could be north or a an attempt to find large volume res to push south from.. i hate this chart now..
It's a mess isn't it, and it started off so well this morning.
  • #337,165
  • Mar 18, 2013 11:14am Mar 18, 2013 11:14am
oil just filled its gap to the north!! if it goes further up, it may indicate a weakening on the usd side! yet to be seen..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,166
  • Mar 18, 2013 11:14am Mar 18, 2013 11:14am
Quoting baherhosni
hmm.. higher lows on H1.. could be north or a an attempt to find large volume res to push south from.. i hate this chart now..
on several TF looks like a rising wedge, when the volume slows we might see this turn south
Money never sleeps...
  • #337,167
  • Mar 18, 2013 11:19am Mar 18, 2013 11:19am
I'm short 5108 not sure about this trade
  • #337,168
  • Mar 18, 2013 11:23am Mar 18, 2013 11:23am
Quoting Robot
I'm short 5108 not sure about this trade
who else is short
  • #337,169
  • Mar 18, 2013 11:33am Mar 18, 2013 11:33am
Quoting Robot
who else is short

Not short but looks bearish to me
Money never sleeps...
  • #337,170
  • Mar 18, 2013 11:35am Mar 18, 2013 11:35am
Quoting Robot
I'm short 5108 not sure about this trade
I would set a stop at 1.5145

and a TP at 1.501
Money never sleeps...
  • #337,171
  • Mar 18, 2013 11:39am Mar 18, 2013 11:39am
Quoting inpatient
I would set a stop at 1.5145

and a TP at 1.501
yea thats where my stoploss is
but i think this trade is a losing one. oh well sometimes you will have to give some back to the market.
  • #337,172
  • Mar 18, 2013 11:40am Mar 18, 2013 11:40am
Quoting Robot
yea thats where my stoploss is
but i think this trade is a losing one. oh well sometimes you will have to give some back to the market.
maybe, but we keep setting lower highs and each time with less volume than previously too.

Just let it play out my friend and I suppose you will get what your given.

Good luck
Money never sleeps...
  • #337,173
  • Mar 18, 2013 11:45am Mar 18, 2013 11:45am
Quoting inpatient
I would set a stop at 1.5145

and a TP at 1.501
1.501 sounds a little greedy im afraid of a fake break out on 5070 level. so i will keep my r/r 1;1
  • #337,174
  • Mar 18, 2013 11:50am Mar 18, 2013 11:50am
Quoting inpatient
maybe, but we keep setting lower highs and each time with less volume than previously too.

Just let it play out my friend and I suppose you will get what your given.

Good luck
by the way u got some hot gf. lol the pic in your profile
  • #337,175
  • Mar 18, 2013 11:52am Mar 18, 2013 11:52am
Quoting Robot
by the way u got some hot gf. lol the pic in your profile
Thanks, she is actually my wife, we have twin boys too.

Yes she is something special. Not sure how I managed to pull that off really. More luck than in my trades last week.
Money never sleeps...
  • #337,176
  • Mar 18, 2013 11:54am Mar 18, 2013 11:54am
Quoting inpatient
Thanks, she is actually my wife, we have twin boys too.

Yes she is something special. Not sure how I managed to pull that off really. More luck than in my trades last week.
nice. how old are you?
  • #337,177
  • Mar 18, 2013 11:56am Mar 18, 2013 11:56am
Quoting inpatient
on several TF looks like a rising wedge, when the volume slows we might see this turn south
hey did you get your 5th v recently? i thought you had 4..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,178
  • Mar 18, 2013 12:03pm Mar 18, 2013 12:03pm
Quoting Robot
nice. how old are you?

I will be 36 this year, my wife will be 39, im her toy boy, ha
Money never sleeps...
  • #337,179
  • Mar 18, 2013 12:05pm Mar 18, 2013 12:05pm
Quoting baherhosni
hey did you get your 5th v recently? i thought you had 4..
yeah 5 now, getting there steadily. A lot of reading, learning and development of more self control. Its quite a journey and it seems that the more I learn the less i know. learning to just accept the randomness of forex
Money never sleeps...
  • #337,180
  • Mar 18, 2013 12:13pm Mar 18, 2013 12:13pm
Quoting inpatient
yeah 5 now, getting there steadily. A lot of reading, learning and development of more self control. Its quite a journey and it seems that the more I learn the less i know. learning to just accept the randomness of forex
Yea i'm trying to get to 10vs too but nobody likes me
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