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Cable Update (GBPUSD)

  • #31,281
  • Sep 18, 2007 9:28am Sep 18, 2007 9:28am
hi all

bullrock do you think that crap .. i think its trap in 30 min & 1 hour chart is uptrend and targeting 2.0064 and 4 Hour chart is downtrend targeting 1.9685
  • #31,282
  • Sep 18, 2007 9:30am Sep 18, 2007 9:30am
Quoting bullrock
Will Or Will Not Break That Mf 2.000 This Crap???
Prices consolidation before next big move!!! Happen every time before news announcement.
  • #31,283
  • Sep 18, 2007 9:32am Sep 18, 2007 9:32am
Quoting deboooo2005
hi all

bullrock do you think that crap .. i think its trap in 30 min & 1 hour chart is uptrend and targeting 2.0064 and 4 Hour chart is downtrend targeting 1.9685
Whatever... Hope you are right in both cases...
.
  • #31,284
  • Sep 18, 2007 9:32am Sep 18, 2007 9:32am
My 2 short trades @ closed @ BE, I opened a new one @ 1.9981 SL @ 2.0000 will change it later
Today it is the BE day, I opened 3 trades and they all hit SL @ BE, now I'km checking the 4th trade
  • #31,285
  • Sep 18, 2007 9:37am Sep 18, 2007 9:37am
3 trades hitting SL @ BE doesn't mean that the market went opposite to my trades but it means that I didn't do good money management today, the 3 made good profit but I kept them running till they reversed and hit my SL @ BE, I declare that I catch a good entry in my trades, but my problem these days that I don't know when to close the trade, my profit this week was really good 1000+ pips, but the BE trades today wiped my joy, I'm really unhappy with my performance
  • #31,286
  • Sep 18, 2007 9:41am Sep 18, 2007 9:41am
Quoting bullrock
Whatever... Hope you are right in both cases...

Do you have any open position
  • #31,287
  • Sep 18, 2007 9:43am Sep 18, 2007 9:43am
Quoting deboooo2005
Do you have any open position
long
.
  • #31,288
  • Sep 18, 2007 9:47am Sep 18, 2007 9:47am
Quote
In my opinion, if you made profits in Forex take it off the table

well, I'm past that opinion, I prefer riding on waves, if I was taking small profits, I would have been richer by 30 - 40% this month instead of MINUS 10 - 15%

I'm a stubborn dick here who doesn't like to bend quick, like someone said here, GO BIG or GO HOME

Bullrock,
he is prolly referring to the accounts I have blown so far, never mind
Hello World!
  • #31,289
  • Sep 18, 2007 9:47am Sep 18, 2007 9:47am
really i'm out these types of news and days make me nervous and loser

cable here in pivot line 1.9982
  • #31,290
  • Sep 18, 2007 9:47am Sep 18, 2007 9:47am
Quoting pino2
3 trades hitting SL @ BE doesn't mean that the market went opposite to my trades but it means that I didn't do good money management today, the 3 made good profit but I kept them running till they reversed and hit my SL @ BE, I declare that I catch a good entry in my trades, but my problem these days that I don't know when to close the trade, my profit this week was really good 1000+ pips, but the BE trades today wiped my joy, I'm really unhappy with my performance
Yes I have been doing this recently - trying to make big kills and ending up near b/e
For weeks I was making nice but small/medium money pinching pips but I wanted to make bigger kills and changed my style..


Perhaps i should just have scaled up my pip pinching ?
  • #31,291
  • Sep 18, 2007 9:49am Sep 18, 2007 9:49am
Quoting ClockTrader
well, I'm past that opinion, I prefer riding on waves, if I was taking small profits, I would have been richer by 30 - 40% this month instead of MINUS 10 - 15%

I'm a stubborn dick here who doesn't like to bend quick, like someone said here, GO BIG or GO HOME

Bullrock,
he is prolly referring to the accounts I have blown so far, never mind
ClockTrader... Why dont you both??? Just asking?? Like use 60-70% of you positions for taking small/scalping and 30% for "GO BIG OR GO HOME"??? Just asking. (Statititically, they say, the market trends 30% of the time, so your trading would reflect that???) Really just asking.
.
  • #31,292
  • Sep 18, 2007 9:49am Sep 18, 2007 9:49am
Quote
my profit this week was really good 1000+ pips, but the BE trades today wiped my joy, I'm really unhappy with my performance

donate 500 pips out of this profit to some charity org. or just help some needy, not losers here, lolz

trust me, you'll be a happy man, try with 100

Hello World!
  • #31,293
  • Sep 18, 2007 9:55am Sep 18, 2007 9:55am
Quote
ClockTrader... Why dont you both??? Just asking?? Like use 60-70% of you positions for taking small/scalping and 30% for "GO BIG OR GO HOME"??? Just asking. (Statititically, they say, the market trends 30% of the time, so your trading would reflect that???) Really just asking.

I've made enough in the past, not interested in crumbs anymore. I'm playing in FX with profits off the FX. Withdrew capital long way back.

Apart from this, I'm focusing aggressively on my local stock market, I'll rely on this for my bread n butter.

I don't know why I tend to play 100% safe in shares/stocks whereas gamble and mess like a real nasty jerk in FX.
Hello World!
  • #31,294
  • Sep 18, 2007 9:56am Sep 18, 2007 9:56am
Quoting ClockTrader
donate 500 pips out of this profit to some charity org. or just help some needy, not losers here, lolz

trust me, you'll be a happy man, try with 100

What makes me happy, is to see all traders are winners, and making big money, really this is the best thing that anyone can wish
  • #31,295
  • Sep 18, 2007 9:58am Sep 18, 2007 9:58am
Quoting ClockTrader
well, I'm past that opinion, I prefer riding on waves, if I was taking small profits, I would have been richer by 30 - 40% this month instead of MINUS 10 - 15%

I'm a stubborn dick here who doesn't like to bend quick, like someone said here, GO BIG or GO HOME

Bullrock,
he is prolly referring to the accounts I have blown so far, never mind
Clock:
100 pips movement for cable is not a small profit by any means. If you take a look from Euro or London session to early US session, cable usually gave you more or less 100 pips. But if you want to stay w/ the trend longer, use trailing stop which i use sometimes.

bullrock:
I'm not prefer to Clock, but seriously ask anybody starts out in forex or any traders every day in Forex you could expect to lose or gain lots of money.
  • #31,296
  • Sep 18, 2007 10:01am Sep 18, 2007 10:01am
Quoting ClockTrader
I've made enough in the past, not interested in crumbs anymore. I'm playing in FX with profits off the FX. Withdrew capital long way back.

Apart from this, I'm focusing aggressively on my local stock market, I'll rely on this for my bread n butter.

I don't know why I tend to play 100% safe in shares/stocks whereas gamble and mess like a real nasty jerk in FX.
Cool I did not know this background info. Have a lot of $$$ in the stockmarket. (But why did you fed that account then?)
.
  • #31,297
  • Sep 18, 2007 10:02am Sep 18, 2007 10:02am
Quoting ClockTrader
donate 500 pips out of this profit to some charity org. or just help some needy, not losers here, lolz

trust me, you'll be a happy man, try with 100

Thanks for the idea, I'll make 10% donation of any profit I make in forex (trade by trade, not accumulated)
Thanks again for this idea
  • #31,298
  • Sep 18, 2007 10:03am Sep 18, 2007 10:03am
Quoting Luffy
Well since you follow the commodity index, I would point out that it is peaking and needs a correction soon.

I would even bet that we would see gold at $500 before $900.
A correction is only a pause in a trend. I follow EW too but would never consider myself a elliottician if it considered anything to do with Robert Prechter. The man who called for a Dow top back about 20 years ago. The inventor of the "X" wave and many others "alternative counts".

"When the count doesn't fit we'll make it fit" - yeah thats it.

The world economies will determine whether commodities have seen their highs in the end, not a wave count.

But since this is the cable thread I won't be posting anymore gold talk even if this is somewhat related to currencies.
  • #31,299
  • Sep 18, 2007 10:06am Sep 18, 2007 10:06am
How do you count the demand/supply? the psycological shifts? the effect of the news? the political turmoils? the financial turmoils? and so on ... and all the variations of those? back and forth? I
.
  • #31,300
  • Sep 18, 2007 10:07am Sep 18, 2007 10:07am
Quote
Cool I did not know this background info. Have a lot of $$$ in the stockmarket. (But why did you fed that account then?)

hahah, don't have that much $$$ in the stocks yet

When I play in FX, I gamble like a moron, usually tend to break my FX capital in two parts, one part in the MT4 account and remainder in instantly fundable account.

so each time I make 50% on my equity, I withdraw 25% and keep in reserves COZ I'm AFRAID I MIGHT BLOW IT(MT4) AGAIN, ROFL

BUT finally after trading for 1 year, I'm past blowing accounts, lesser profits though.
Hello World!
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