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Cable Update (GBPUSD)

  • #22,921
  • Aug 7, 2007 5:40pm Aug 7, 2007 5:40pm
I'm starting to realize that long term is the way to be always right, but i dont have the money to do it and win big.

I'm still winning short term. If i start loosing unfairly (being right about overall direction) lots of times, i change to long term.

btw, that 360 sma might be right but i will look for this line before

http://img131.imageshack.us/img131/9813/dailyga7.jpg



Quoting cesarnc
I still stick with the trend... every attempt to short UJ got me burned
Well this is my first time shorting usd/jpy. I'm preparing the bandages for the burns.

Well not really, i will not loose much.

remember.. my Sl is at 119.18

if it gets hit, ppl, give me some support
  • #22,922
  • Aug 7, 2007 5:44pm Aug 7, 2007 5:44pm
Quoting Warper
I'm starting to realize that long term is the way to be always right, but i dont have the money to do it and win big.
Trade smaller lots for big pips, stoploss at "tragedy" levels, add instead of cutting, let them to run. Trading for quicky tiny pippies sucks.

Just be sure you're in the right side of the market. Like "trending" / "correcting". Be happy.

Like now that cable quit putting new all-time highs, I'm selling cable on rallies instead of long at the lows. During corrective periods, bottom fishing is catching a falling knife.
  • #22,923
  • Aug 7, 2007 5:51pm Aug 7, 2007 5:51pm
Quoting cesarnc
You might see your grandchildren having babies before that happens.

I still stick with the trend... every attempt to short UJ got me burned.


Naa. They have a serious problem mounting overthere, they will move it fast when they have convictions and arent being forced.
Nice thing about any yen pairs they move then it will bounce for the daily payment usually, so perfect day trade after they push it.
LT prolly see 102 by somwehre in 09 me thinks
"Millionaires don't use astrology, billionaires do"
  • #22,924
  • Aug 7, 2007 6:07pm Aug 7, 2007 6:07pm
What about risk for long term?

I'm sure, they risk more than the usual 1%, 2% or 3% since they have less probability of getting their stops hit.
  • #22,925
  • Aug 7, 2007 6:15pm Aug 7, 2007 6:15pm
Quoting OrionsWay
Naa. They have a serious problem mounting overthere, they will move it fast when they have convictions and arent being forced.
Nice thing about any yen pairs they move then it will bounce for the daily payment usually, so perfect day trade after they push it.
LT prolly see 102 by somwehre in 09 me thinks
OrionsWay, the free444 of the Far East?
  • #22,926
  • Aug 7, 2007 6:18pm Aug 7, 2007 6:18pm
unfuckingbelievabel:surprised


Inserted Video
  • #22,927
  • Aug 7, 2007 6:22pm Aug 7, 2007 6:22pm
Quoting Warper
What about risk for long term?

I'm sure, they risk more than the usual 1%, 2% or 3% since they have less probability of getting their stops hit.
you must be ready to chew 100+ pips drawdown. However, you gotta make sure that there are 100+ pips of reward after that. For instance, shorting cable at 0550, like I did, forced me to chew 100 pips drawdown. I then added 0600, smoked my cigarrettes and waited.

After 1000 pips run, there was not a single reason to keep going long, for r:r purposes.

Right now, I'm short cable untill, at least the 50% fib, that lies at 0145, then I'll leave a small lot the the remaining move, if such. But there is not reason, for "long term trading" to keep going short like crazy below 0200. You'd better aim 2.1000 and risk 100+ pips instead.

But anything around 0100 is price to buy. I don't see sub 2.0 for a long time and no, the uptrend is not exhausted. Euro is 1.40 then 1.45 dragging cable with it, dollar hasn't seen its bottom.

At 2.01?? and below, I'm LONG CABLE LONG
  • #22,928
  • Aug 7, 2007 6:29pm Aug 7, 2007 6:29pm
Quoting OrionsWay
Naa. They have a serious problem mounting overthere, they will move it fast when they have convictions and arent being forced.
Nice thing about any yen pairs they move then it will bounce for the daily payment usually, so perfect day trade after they push it.
LT prolly see 102 by somwehre in 09 me thinks
Let me "cramer" this reply:

Orions! You HAVE NO IDEA HOW IT IS OUT THERE. YOU HAVE NO IDEA. YOU'RE NUTS! NUTS!!! YOU'RE ASLEEP! YOU HAVE NO IDEA HOW IT IS OUT THERE!!!
  • #22,929
  • Edited 6:48pm Aug 7, 2007 6:34pm | Edited 6:48pm
LOL

im targeting the lower channel on daily around 9900 and will see how it reacts at it, my gut says it breaks and pushes much lower



I also think whomever buys this retracement of chunnel is in for at least a 10 cent ride over a good period of time @18$ a pip, i think the intrest charge is worth it. We will never see .6677 again this lifetime
"Millionaires don't use astrology, billionaires do"
  • #22,930
  • Aug 7, 2007 6:36pm Aug 7, 2007 6:36pm
Quoting santoso
I put a pending order long EUR/USD 1.3814. (The down trend line at m30 chart almost break) and the US interest rate won't be increased so EUR/USD may be bullish. Take profit 1 = 1.3828, take profit 2 = 1.3869. Cable is also rounding bottom at m30 minute chart or may be bullish.
Hit my stop loss. My mistake or the lesson: news or fundamental analysis could have small impact (US interest rate). I think that GBP/USD seems bearish. Fibonacci or Elliot wave analysis in this thread could be right.
  • #22,931
  • Aug 7, 2007 6:41pm Aug 7, 2007 6:41pm

bad one is it..

Quoting pipsimax
unfuckingbelievabel:surprised

Quoting pipsimax


http://www.youtube.com/watch?v=SWksEJQEYVU
"Analysis Is Hard But Trade Is Easy"
  • #22,932
  • Aug 7, 2007 6:43pm Aug 7, 2007 6:43pm
long aussie long http://www.lavinya.net/phpBB2/images...miley_rock.gif

who said the day was over?
  • #22,933
  • Aug 7, 2007 6:51pm Aug 7, 2007 6:51pm
Quoting OrionsWay
LOL


I also think whomever buys this retracement of chunnel is in for at least a 10 cent ride over a good period of time @18$ a pip, i think the intrest charge is worth it. We will never see .6677 again this lifetime

This is why Euro wont be dragging cale anywhere but to the toilet
GBP is a very small percentage of the DX makeup compared to euro
"Millionaires don't use astrology, billionaires do"
  • #22,934
  • Aug 7, 2007 6:53pm Aug 7, 2007 6:53pm
Quoting cesarnc
you must be ready to chew 100+ pips drawdown. However, you gotta make sure that there are 100+ pips of reward after that. For instance, shorting cable at 0550, like I did, forced me to chew 100 pips drawdown. I then added 0600, smoked my cigarrettes and waited.

After 1000 pips run, there was not a single reason to keep going long, for r:r purposes.

Right now, I'm short cable untill, at least the 50% fib, that lies at 0145, then I'll leave a small lot the the remaining move, if such. But there is not reason, for "long term trading" to keep going short like crazy below 0200. You'd better aim 2.1000 and risk 100+ pips instead.

But anything around 0100 is price to buy. I don't see sub 2.0 for a long time and no, the uptrend is not exhausted. Euro is 1.40 then 1.45 dragging cable with it, dollar hasn't seen its bottom.

At 2.01?? and below, I'm LONG CABLE LONG
Thanks for ur info....
  • #22,935
  • Aug 7, 2007 7:03pm Aug 7, 2007 7:03pm
Quoting OrionsWay
This is why Euro wont be dragging cale anywhere but to the toilet
GBP is a very small percentage of the DX makeup compared to euro
That's it!!!... Now it's official. Watchout Orions

BTW, I still ROFL when I remember "2.1 by Friday"
Attached Image
  • #22,936
  • Aug 7, 2007 7:07pm Aug 7, 2007 7:07pm
Gotta go now, be back by London... Cya Guys...

Forex market, sorry for ripping you off today...
Attached Image
  • #22,937
  • Aug 7, 2007 7:09pm Aug 7, 2007 7:09pm
Where's Igrok? "1.4000 by the end of the year" , "1.4000 before 2.0300"
  • #22,938
  • Aug 7, 2007 7:12pm Aug 7, 2007 7:12pm
Quoting Warper
Where's Igrok? "1.4000 by the end of the year" , "1.4000 before 2.0300"
Forgot about it... diamond crap, too...

Updated...
Attached Image
  • #22,939
  • Aug 7, 2007 7:51pm Aug 7, 2007 7:51pm
Quoting cesarnc
Forgot about it... diamond crap, too...

Updated...
cesar
you are awesome
literally
;p
  • #22,940
  • Aug 7, 2007 8:07pm Aug 7, 2007 8:07pm
Hall of Fame. Nah.

I think Hall of Shame or Hall of Blame might be better.

Or Kids in the Hall.
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