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Cable Update (GBPUSD)

  • #359,941
  • Jan 22, 2014 10:19am Jan 22, 2014 10:19am
either way, coming up on a area where big moves happen...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 33 KB
Look Sharp/Trade Tight
  • #359,942
  • Jan 22, 2014 10:20am Jan 22, 2014 10:20am
target 6505 61.8 fib just had a look 1min support on the 6575 for now
  • #359,943
  • Jan 22, 2014 10:23am Jan 22, 2014 10:23am
duce 6585 its going fast i think
  • #359,944
  • Jan 22, 2014 10:24am Jan 22, 2014 10:24am
Quoting GlobalMacro
{quote} LOL...that's the best part...
You're behaving as gurus yourselves too ...
  • #359,945
  • Jan 22, 2014 10:25am Jan 22, 2014 10:25am
Quoting Ken A
{quote} Tom, for such swing target with stops less than 30 pips?
just a bit higher i think we have 2 more levels to take 6604is the last one then over that its 6685
  • #359,946
  • Jan 22, 2014 10:26am Jan 22, 2014 10:26am
Quoting PayTheLimit
either way, coming up on a area where big moves happen... {image}
Fiber was rejected at 61.8% on the Weekly while cable is just slightly above 38.2% of the same time frame
  • #359,947
  • Jan 22, 2014 10:27am Jan 22, 2014 10:27am
Selling is not a option. http://www.easyfreesmileys.com/smileys/dancing-baby.jpg
  • #359,948
  • Jan 22, 2014 10:27am Jan 22, 2014 10:27am
Quoting elbert3
{quote} just a bit higher i think we have 2 more levels to take 6604is the last one then over that its 6685
Yes, last high was at 1.66036
  • #359,949
  • Jan 22, 2014 10:30am Jan 22, 2014 10:30am
Quoting Ken A
{quote} Tom, for such swing target with stops less than 30 pips?
Could be foolish since there is a weekly R at 1,6607 but trying to be as early as possible, those 30 pips are far to great for me to be honest,
I like to limit risk a lot. Also will build from smaller bits into normal position with time, however fundamental picture is against but I'll have a go.
swing it!
  • #359,950
  • Jan 22, 2014 10:30am Jan 22, 2014 10:30am
Quoting Ken A
{quote} Fiber was rejected at 61.8% on the Weekly while cable is just slightly above 38.2% of the same time frame

Look Sharp/Trade Tight
  • #359,951
  • Jan 22, 2014 10:31am Jan 22, 2014 10:31am
Quoting hadox
damn I must suck, I'm the only one at FF losing money today.. crap..
It's easy to think that. Losing trades don't usually get as much publicity as winning trades for obvious reasons. I would concentrate on honing your trading skills and only visit this kind of thread occasionally, and just for entertainment. There are/have been a few good threads in Forex Factory though...
Gone to a better place
  • #359,952
  • Jan 22, 2014 10:32am Jan 22, 2014 10:32am
Quoting Ken A
{quote} Yes, last high was at 1.66036
well done good man lol with respect were are you at ken?
  • #359,953
  • Jan 22, 2014 10:38am Jan 22, 2014 10:38am
I say buy at 1.55, for 1.84, or short 1.84 for 1.55


Look Sharp/Trade Tight
  • #359,954
  • Edited 10:54am Jan 22, 2014 10:38am | Edited 10:54am
Quoting smikester
{quote} It's easy to think that. Losing trades don't usually get as much publicity as winning trades for obvious reasons. I would concentrate on honing your trading skills and only visit this kind of thread occasionally,and just for entertainment. There are/have been a few good threads in Forex Factory though...
Oh let me tell you brother....there are some on these thread whose only purpose in life
is to give publicity to My stops...

and when I make money, they just disappear into thin air........poooffff.....


just like that.
Hear the music before the song is over ...
  • #359,955
  • Jan 22, 2014 10:39am Jan 22, 2014 10:39am
Bah, clearly I need a lot more forex tradinging experience.

I got stopped out on my short last night at 1.6490 and went long at 1.6482. Then got stopped out on my long at 1.6455. Took losses in both directions, when both directions would have been gains. Har!

I do so much better with small positions without stops than with large position with stops. Gotta keep reminding myself of that.
  • #359,956
  • Jan 22, 2014 10:41am Jan 22, 2014 10:41am
Quoting Ken A
{quote} Not a fancy place just a bat cave lol
would you so mind if i were to call you Batman then lol
  • #359,957
  • Jan 22, 2014 10:44am Jan 22, 2014 10:44am
Quoting PayTheLimit
I say buy at 1.55, for 1.84, or short 1.84 for 1.55
..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 41 KB
Look Sharp/Trade Tight
  • #359,958
  • Jan 22, 2014 10:48am Jan 22, 2014 10:48am
Quoting PayTheLimit
I say buy at 1.55, for 1.84, or short 1.84 for 1.55
I did get in at 1.48x but closed it for few hundred pips. Was very confused due to the change in BoE.
  • #359,959
  • Jan 22, 2014 10:53am Jan 22, 2014 10:53am
Quoting Ken A
{quote} I did get in at 1.48x but closed it for few hundred pips. Was very confused due to the change in BoE.

those bastards...
Look Sharp/Trade Tight
  • #359,960
  • Jan 22, 2014 10:55am Jan 22, 2014 10:55am
I am asking my self why i closed longs at 5050, 5200,5420, 5600 and even at 5700 with small 45 pips profit?
And why i closed my shorts at 6350 last year at 6300 and then it hited 4800? why did I? I call it psyhological pressure. Now retailers are under great pressure cause it could continue to go up and up and killing up i probably it will.
Dam pound ! Looks like need to start hedge up.
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