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Cable Update (GBPUSD)

  • #27,681
  • Aug 29, 2007 5:44pm Aug 29, 2007 5:44pm
Quoting cesarnc
And don't get me wrong. When I say "overleveraged" I mean

OVERLEVERAGED

You guys would put me in an institution if you see what I do.

But whatta hell... Trading to by the lunch I go sell candy by the traffic light.


  • #27,682
  • Aug 29, 2007 5:48pm Aug 29, 2007 5:48pm
Cesarnc...just PM you with a question....
  • #27,683
  • Aug 29, 2007 5:55pm Aug 29, 2007 5:55pm
Quoting cesarnc
And don't get me wrong. When I say "overleveraged" I mean

OVERLEVERAGED

Like this?

http://www.bugio.org/crisviegas/HomerEatingSub.jpg´


The max i traded was 20:1 in my beggining days. I thought about doing it another day just for fun, 10 pips but i didn't. I'm too focused now. No more than 5:1 or else i will slap my face hard!!

Am i a choir boy near you? LoL
  • #27,684
  • Aug 29, 2007 6:38pm Aug 29, 2007 6:38pm
Quoting Warper
Like this?

The max i traded was 20:1 in my beggining days. I thought about doing it another day just for fun, 10 pips but i didn't. I'm too focused now. No more than 5:1 or else i will slap my face hard!!

Am i a choir boy near you? LoL
Different markets, different trades. These days, if you get the right direction from London you are entitled to end the day at 100+ pips. That's why I trade the "all or nothing". Of course I time my entry, of course I control the losses. Of course I tech and fundi throughout the whole day as to manage the trades.

Soon those boring sub-100 pips days will kick in and there was the opportunity gone with the wind. Soon cable resumes its trend to the skies and if you don't have your shoes on, you'll miss the marathon...

My personality doesn't fit those frozen rules... XX:YY leverage, Z% max loss, systems EW. I just can't stand this shit. For me it is either fitting my trades to my personality or quitting trading.

When I make those "bold calls" like those days. It is not just a call. It comes with the "hmmm I've seen this crap before". That's what I trade... The more it fits with what I saw before the better.

That's why it was so easy to make 100+ in cable, GJ, AUD and 50+ in Euro today. When dow futures spiked this morning, the "hmm I saw this before" kicked in. To hell with techis and setups and all. Trade, lock SL at B/E ASAP and let the market rule.

SL at B/E gives you the right of another shot. Until the silver bullet appears.

like it appeared to me today
  • #27,685
  • Aug 29, 2007 7:05pm Aug 29, 2007 7:05pm
Down for the Count (Update 13) - Crocodilos under siege.

Aug. 30 (Bloomberg) -- The yen strengthened against the dollar and the euro as investors sold riskier assets after Australian firm Basis Capital Fund Management Ltd. said one of its hedge funds had filed for bankruptcy protection.

Back by London tomorrow... New day, new headlines, new gossips and frenzy. New 200+ Dow. Which way, an incognito :
  • #27,686
  • Aug 29, 2007 7:33pm Aug 29, 2007 7:33pm
Quoting got pips?
bull day ........bear day........bull day........bear day.........could we look at a bear day for tomorrow................... should i place my order at 0175 back to 2.0000.

entry 2.0175

up now 35+ and still holding....now im waiting on the break of 50.0 fib
............................................................

on the dollar against the yen

entry 116.00

up to now 35+ and still holding... we broke the 50.0 fib now lets see if it will hold prices below.

still holding both..orders.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #27,687
  • Aug 29, 2007 7:55pm Aug 29, 2007 7:55pm
yeah today could be bearish day.. price move within the channel 1hr or 4hr TF.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 14 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #27,688
  • Aug 29, 2007 7:55pm Aug 29, 2007 7:55pm
Good Morning/Evening/Night Everyone,

looks like something will kick nice today too and hope I get some ride, will observe the charts for another few hrs. to see if they make any sense to me. I'll keep out if I can't understand.

so far quite interesting !!!
Hello World!
  • #27,689
  • Aug 29, 2007 7:57pm Aug 29, 2007 7:57pm
Quote
yeah today could be bearish day.. price move within the channel 1hr or 4hr TF.

dude, don't make a hasty move, maybe, May ;-) not be, too early...
Hello World!
  • #27,690
  • Aug 29, 2007 8:09pm Aug 29, 2007 8:09pm
or could be this channel...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #27,691
  • Aug 29, 2007 9:07pm Aug 29, 2007 9:07pm
i guess today the trend still bulish.. resistant at 2.0300
"Invest With The Insiders, Not The Masses" George Muzea
  • #27,692
  • Aug 29, 2007 9:27pm Aug 29, 2007 9:27pm
Quote
i guess today the trend still bulish.. resistant at 2.0300

okiez, lets speculate for a while in our minds, its gone be bullish, but where to buy ? right here at .0161 ? 50 points below ? or 80 points below ?

I have a gut feeling there could be shit loads of SLs lying right below .0100

and when(IF) the pair will actually reach below .0100 everyone will start selling giving it an opportunity to shoot.

Now these are all speculations based on imaginations.

From my technical point of view, shooting beyond .0200 is very much in the scene this week, but how and when, I'll try to figure out. I still got two days, lets see if I can get a ride on its back. I am out of game atm and will remain out until I can sense the moves.
Hello World!
  • #27,693
  • Aug 29, 2007 9:56pm Aug 29, 2007 9:56pm
I have sent you PM!

Quoting ClockTrader
okiez, lets speculate for a while in our minds, its gone be bullish, but where to buy ? right here at .0161 ? 50 points below ? or 80 points below ?

I have a gut feeling there could be shit loads of SLs lying right below .0100

and when(IF) the pair will actually reach below .0100 everyone will start selling giving it an opportunity to shoot.

Now these are all speculations based on imaginations.

From my technical point of view, shooting beyond .0200 is very much in the scene this week, but how and when, I'll try to figure out. I still got two days, lets see if I can get a ride on its back. I am out of game atm and will remain out until I can sense the moves.
"Invest With The Insiders, Not The Masses" George Muzea
  • #27,694
  • Aug 29, 2007 10:11pm Aug 29, 2007 10:11pm
Quote
I have sent you PM!

just replied, I'll have more time here after I reach my office in an hr or so

cheers :-)
Hello World!
  • #27,695
  • Aug 29, 2007 11:24pm Aug 29, 2007 11:24pm
huummuummmm, trying to figure out whats going on, it looks still too early to state any view, wonder what pino has to say ?

Hello World!
  • #27,696
  • Aug 29, 2007 11:41pm Aug 29, 2007 11:41pm
yea i think its too early to dive the market now.. maybe it will retrace 38.2%=2.0095
"Invest With The Insiders, Not The Masses" George Muzea
  • #27,697
  • Aug 29, 2007 11:48pm Aug 29, 2007 11:48pm
Quote
yea i think its too early to dive the market now.. maybe it will retrace 38.2%=2.0095

At that time you might think, damn it, I was right to short at .0177

GRIINNZZZ
Hello World!
  • #27,698
  • Aug 29, 2007 11:59pm Aug 29, 2007 11:59pm
I went short again
@ 2.0175 SL @ BE still running
@ 2.0168 SL @ BE was hit
  • #27,699
  • Aug 30, 2007 12:01am Aug 30, 2007 12:01am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting ClockTrader
At that time you might think, damn it, I was right to short at .0177
GRIINNZZZ
Hey, 2.0 looks like a hot buy to me..
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #27,700
  • Aug 30, 2007 12:07am Aug 30, 2007 12:07am
Quoting got pips?



entry 2.0175

up now 35+ and still holding....now im waiting on the break of 50.0 fib
............................................................

on the dollar against the yen

entry 116.00

up to now 35+ and still holding... we broke the 50.0 fib now lets see if it will hold prices below.

still holding both..orders.

usd jpy 65+
gbp usd 40+

still holding
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
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