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Cable Update (GBPUSD)

  • #32,801
  • Sep 26, 2007 8:00am Sep 26, 2007 8:00am
Quoting Turtle
Well at least she picked a good time...right when the NYSE opens...which means more madness........
Yes... I will place a long CRAP/USD no stoploss

  • #32,802
  • Sep 26, 2007 8:00am Sep 26, 2007 8:00am
Quoting cesarnc
Could you realize this was a JOKE?

Geeesss....

You bitter today Moe, whassup?
it all good c don't take it personal. not to much of a joker when i first open my eyes in the mourning.
If I Go Broke Trying Then I Will die happy.
  • #32,803
  • Sep 26, 2007 8:03am Sep 26, 2007 8:03am
Quoting Big Wave Rider
The number of trades has nothing to do with being sucessful or not. Whats the difference between the 95% to the 5% of people who succeed?
(and this ratio for some odd reason aplies to almost everything)


The answer is in the mind my friend, the 5% of people who suceed in any business or anything in life succed because they know they can and believe they can. And all their thought and energy is focused on acomplishing their GOALS (Biggest word for achieving success is GOALS) but first you must be able to say I CAN. This is 100 times more important than the best education and the best trading plan.

go pull the other one -it has bells on -where do you work - walmart ?
I believe I can and I love Walmart ?

I can win the 100 metre race at the next olympics - I can !
I was quite good in 1965 so why not ?

If you can do it then you don't need self belief - it just happens easily - self belief is a cruel trap for wannabees who never can be...

It kills motorbike riders every day...

Self doubt is the most important attribute...
  • #32,804
  • Sep 26, 2007 8:06am Sep 26, 2007 8:06am
GBPUSD - Current account deifict narrows to a 9.1 billion billion pound shortfall in the second quarter with help from income and service components. The services surplus hit a record 8.9 billion pounds, equivalent to 2.6% of GDP.
Final revision on second quarter GDP finds an unexpected boost for a 3.1 percent annual pace on the back of strong service and manufacturing sector activity.
and how is with the fundemantal
  • #32,805
  • Sep 26, 2007 8:07am Sep 26, 2007 8:07am
ok i think we had our b.s. conversation for the day lets focus on the market at hand. long cable long get me to 200 then im done for the day.
If I Go Broke Trying Then I Will die happy.
  • #32,806
  • Sep 26, 2007 8:07am Sep 26, 2007 8:07am
Quoting Moe
there so many who know they can and believe they can till there bankrupt, then they do it over and over, some of those 95% or repeat offenders, lol

Then they truely dont belive they can, Your sub consence is alot more powerful than your consence, When I started forex I truely belived I could but lost money over and over again, then I realized my sub consence was not in alignment with my consence, through meditation, visualization, and mantras I was able to align both consences and now I do this as a full time job. I'm semi-retired and I am not even 30 yet. close but not yet. I should be completly retired by 35 and then its off to go sail the world.
Point is you can say I can until your red in the face but it will do no good until you belive it in your heart.
Just Trade It
  • #32,807
  • Sep 26, 2007 8:12am Sep 26, 2007 8:12am
Speaking of believing, I spot a perfect setup I have been waiting 2 days for, Almost there just a few more pips. COME ON BABY!!!
Just Trade It
  • #32,808
  • Sep 26, 2007 8:25am Sep 26, 2007 8:25am
Quoting Big Wave Rider
Speaking of believing, I spot a perfect setup I have been waiting 2 days for, Almost there just a few more pips. COME ON BABY!!!
Mind sharing?
  • #32,809
  • Edited 8:40am Sep 26, 2007 8:27am | Edited 8:40am
Quoting Big Wave Rider
Then they truely dont belive they can, Your sub consence is alot more powerful than your consence, When I started forex I truely belived I could but lost money over and over again, then I realized my sub consence was not in alignment with my consence, through meditation, visualization, and mantras I was able to align both consences and now I do this as a full time job. I'm semi-retired and I am not even 30 yet. close but not yet. I should be completly retired by 35 and then its off to go sail the world.
Point is you can say I can until your red in the face but it will do no good until you belive it in your heart.
I think what Moe is not understanding, is the difference between a guy that believe that can make it because sees himself as a big standard, and a guy who look at his past, his own life and see this examples...

"When i had problems i never broke down on myself..." Situation X and Y...

"One of the best things i like the most is observation... discover things that are not easy to spot"

"When i'm playing something and bad luck comes around, i don't explode... i wait."

(Guys like snooker players are big examples...)

"i know i can learn everything... because... if i passed University Level Mathmatics and Statistics. If i can understand many dificult aspects of Physics and Science without being a Scientist, i believe... that is not a bunch of technical rules that will make me quit if things get bad."

"i know how to stay away from group thinking, because when i see others go wrong, i don't follow just to be one of them"

PS: I'm not saying this as "my" example. Im saying this as ALL good traders example.

This is different from "hey IF i have a problem i will smash it" But this guy never had one...

AM i right? What i mean is that... Forex is about a personality.

We know we can suceed or we know this is right for us, because our own life personality is similiar or equal to the personality we must have dealing with the markets. If we have to change it, that is the reason right there why many ppl fail. They can't...



BTW...

EUR/GBP making a daily doji/pin bar. Lets see whats next!
  • #32,810
  • Sep 26, 2007 8:31am Sep 26, 2007 8:31am
NYSE set to open....madness set to begin......trade closed in profit....I'm out till London open.....
  • #32,811
  • Sep 26, 2007 8:36am Sep 26, 2007 8:36am
Quoting cesarnc
Mind sharing?

I have been sworn to secrecy about one of my methods, sorry but I cant share the details. I know it goes against me wanting to share info, but a promise is a promise. All I can say is that going long in cable is looking better every minute. My conformation is on the 4hr.
Just Trade It
  • #32,812
  • Sep 26, 2007 8:45am Sep 26, 2007 8:45am
Quoting Big Wave Rider
I have been sworn to secrecy about one of my methods, sorry but I cant share the details. I know it goes against me wanting to share info, but a promise is a promise. All I can say is that going long in cable is looking better every minute. My conformation is on the 4hr.
I see.... After one post I had to read here, I definetely quit sharing my positions.

Cable didn't crack 4H 250EMA nor the trendline in the 4h. This is a good long cooking. My problem is that I can't see too much to the upside in the higher timeframes as to inspire me....

Guess I'll have to take the mall-with-the-wife as better than lousy-trade-i-got-into LOL....

Back in a few... oh yes, right, with my wife...... in several hours...
  • #32,813
  • Sep 26, 2007 8:51am Sep 26, 2007 8:51am
Quoting Big Wave Rider
I have been sworn to secrecy about one of my methods, sorry but I cant share the details. I know it goes against me wanting to share info, but a promise is a promise. All I can say is that going long in cable is looking better every minute. My conformation is on the 4hr.
Sometimes when we share our chart the market know what we want but then market will go opposite direction
"Invest With The Insiders, Not The Masses" George Muzea
  • #32,814
  • Sep 26, 2007 8:52am Sep 26, 2007 8:52am
Quoting cesarnc
I see.... After one post I had to read here, I definetely quit sharing my positions.

Cable didn't crack 4H 250EMA nor the trendline in the 4h. This is a good long cooking. My problem is that I can't see too much to the upside in the higher timeframes as to inspire me....

Guess I'll have to take the mall-with-the-wife as better than lousy-trade-i-got-into LOL....

Back in a few... oh yes, right, with my wife...... in several hours...

Absolulty right, If I did share this method then I would have to start my own thread like auslanco and have to answer everybodys questions and when it dosnt work out for them (95% of them) then they will acuse and blame me for their failure, and who wants that?

Have fun with the wifey, "Does this make me look fat?"
"No honey you look great"
"Are you sure?"
"Absolutly, you look great"
"Well I dont like them anyways"
Just Trade It
  • #32,815
  • Sep 26, 2007 8:55am Sep 26, 2007 8:55am
Quoting Qu|cksilver
Sometimes when we share our chart the market know what we want but then market will go opposite direction

Like right now
Just Trade It
  • #32,816
  • Sep 26, 2007 8:57am Sep 26, 2007 8:57am
Quoting Warper
I think what Moe is not understanding, is the difference between a guy that believe that can make it because sees himself as a big standard, and a guy who look at his past, his own life and see this examples...

"When i had problems i never broke down on myself..." Situation X and Y...

"One of the best things i like the most is observation... discover things that are not easy to spot"

"When i'm playing something and bad luck comes around, i don't explode... i wait."

(Guys like snooker players are big examples...)

"i know i can learn everything... because... if i passed University Level Mathmatics and Statistics. If i can understand many dificult aspects of Physics and Science without being a Scientist, i believe... that is not a bunch of technical rules that will make me quit if things get bad."

"i know how to stay away from group thinking, because when i see others go wrong, i don't follow just to be one of them"

PS: I'm not saying this as "my" example. Im saying this as ALL good traders example.

This is different from "hey IF i have a problem i will smash it" But this guy never had one...

AM i right? What i mean is that... Forex is about a personality.

We know we can suceed or we know this is right for us, because our own life personality is similiar or equal to the personality we must have dealing with the markets. If we have to change it, that is the reason right there why many ppl fail. They can't...



BTW...

EUR/GBP making a daily doji/pin bar. Lets see whats next!
i believe i can fly a plane, but untill i learn how to fly a plane i can't, you can believe you can trade but until you develope a good a trading system/plan you will never be a good trader.
If I Go Broke Trying Then I Will die happy.
  • #32,817
  • Sep 26, 2007 9:00am Sep 26, 2007 9:00am
Quoting Big Wave Rider
Like right now
yes.. that's true.
That's why they create Forexfactory for them to read our mind, method, long or short and so on.. who knows...
"Invest With The Insiders, Not The Masses" George Muzea
  • #32,818
  • Sep 26, 2007 9:01am Sep 26, 2007 9:01am
Quoting cesarnc
I see.... After one post I had to read here, I definetely quit sharing my positions.

Cable didn't crack 4H 250EMA nor the trendline in the 4h. This is a good long cooking. My problem is that I can't see too much to the upside in the higher timeframes as to inspire me....

Guess I'll have to take the mall-with-the-wife as better than lousy-trade-i-got-into LOL....

Back in a few... oh yes, right, with my wife...... in several hours...
Cesarnc - I think our wives should go shopping together while we play fedex...

but actually i have to force myself to stay out even though I know a euro long will work for a few pips..
  • #32,819
  • Sep 26, 2007 9:03am Sep 26, 2007 9:03am
Quoting Moe
i believe i can fly a plane, but untill i learn how to fly a plane i can't, you can believe you can trade but until you develope a good a trading system/plan you will never be a good trader.

True, You cant have one without the other.

I mean you can but you will either die or go broke,
But a guy with the best trading plan will fail unless he believes in himself.
Just Trade It
  • #32,820
  • Sep 26, 2007 9:08am Sep 26, 2007 9:08am
Quoting Qu|cksilver
yes.. that's true.
That's why they create Forexfactory for them to read our mind, method, long or short and so on.. who knows...

O.K, My analysis is that we should short cable for 500 pips and here is the chart to prove it (wink, wink)
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 24 KB
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