Cable Update (GBPUSD) | Page 1655 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #33,081
  • Sep 27, 2007 4:51pm Sep 27, 2007 4:51pm
Remember when i said that the weekly candles rarely proceed without a little bit of retraction below opening?

Well, i think i was right..., so you see, this statistical thing might be a good approach
  • #33,082
  • Sep 27, 2007 4:52pm Sep 27, 2007 4:52pm
Quoting Warper
Don't get me wrong... i believe you completly because i've done it before.

Not every month is a paradise of course, August was an eye opening, but when sometimes i complete the goal of 1 month in 2 or 3 quality trades with moderated leverage, i can't help myself to think, when i correct all of my errors i don't know where is the limit...

Regarding your approach, don't worry, i understand perfectly where is the potential...

Just like i said, the "10% year impossible" thing is a flow of opinion around, not mine. I wouldn't be here for sure... lol
Well, sometimes I feel like we don't make much more money in this damn market on the fear of losing LOL... Both losing on trades and losing "the profit I got so far". I suffer more from the second one...

Like right now I'm holding euro shorts chewing a drawdown for the whole week. I´m so not going to disclose my position...

So far this drawdown is above the 2% of capital. Time to cut? Well, the account goes blown up if euro reaches unimaginable levels from here. From here, from now. Unimaginable, not 1.43.

On the other hand, when this pair starts retracing, I'll soon be in profit and then comes the challenge of not "cuting the profit short" on the fear of losing it... One whole week waiting and then what? bank 1% of capital profit? coulda, shoulda, woulda... so many questions...

I thinking about driving to the rainbow's beer store...
  • #33,083
  • Sep 27, 2007 4:57pm Sep 27, 2007 4:57pm
Quoting cesarnc
Well, sometimes I feel like we don't make much more money in this damn market on the fear of losing LOL... Both losing on trades and losing "the profit I got so far". I suffer more from the second one...

Like right now I'm holding euro shorts chewing a drawdown for the whole week. I´m so not going to disclose my position...

So far this drawdown is above the 2% of capital. Time to cut? Well, the account goes blown up if euro reaches unimaginable levels from here. From here, from now. Unimaginable, not 1.43.

On the other hand, when this pair starts retracing, I'll soon be in profit and then comes the challenge of not "cuting the profit short" on the fear of losing it... One whole week waiting and then what? bank 1% of capital profit? coulda, shoulda, woulda... so many questions...

I thinking about driving to the rainbow's beer store...
I know you're a knowledagable and experienced trader and I am sure you have your plan and these are just my thoughts loudly:

How about a 1:3 RR? So say the position is in 3%-4% drawdown when EU decides to go the right way... Then what. Maybe scale-in would be a good idea and maybe waiting until the RR is at least 1:1?? Then protect hoping for another 1:2 or 1:3?? So the profit becomes 3-8%??
.
  • #33,084
  • Sep 27, 2007 5:05pm Sep 27, 2007 5:05pm
Quoting Warper
Remember when i said that the weekly candles rarely proceed without a little bit of retraction below opening?

Well, i think i was right..., so you see, this statistical thing might be a good approach
Believe me it works very very very very well.
.
  • #33,085
  • Sep 27, 2007 5:10pm Sep 27, 2007 5:10pm
Quoting bullrock
I know you're a knowledagable and experienced trader and I am sure you have your plan and these are just my thoughts loudly:

How about a 1:3 RR? So say the position is in 3%-4% drawdown when EU decides to go the right way... Then what. Maybe scale-in would be a good idea and maybe waiting until the RR is at least 1:1?? Then protect hoping for another 1:2 or 1:3?? So the profit becomes 3-8%??
That's what I'm thinking. Check the total drawdown that I took, scale in at B/E and go for twice the amount first target (cash not pips)... And bring the 2x drawdown target closer via scale-in. Let's see how this works... and WHEN

Will depends on volume, fundis and all. But that's the plan....

I'm patient... I'm patient... I'm calm... ooooohhhmmmm....
I'm turning into a FREAKING MONK already..
  • #33,086
  • Sep 27, 2007 5:12pm Sep 27, 2007 5:12pm
Quoting cesarnc
That's what I'm thinking. Check the total drawdown that I took, scale in at B/E and go for twice the amount first target (cash not pips)... And bring the 2x drawdown target closer via scale-in. Let's see how this works... and WHEN

Will depends on volume, fundis and all. But that's the plan....

I'm patient... I'm patient... I'm calm... ooooohhhmmmm....
I'm turning into a FREAKING MONK already..
Dont forget the self discipline tools... the lash... and just eat bread and drink water in the cave until that happens...
.
  • #33,087
  • Sep 27, 2007 5:15pm Sep 27, 2007 5:15pm
Quoting bullrock
Dont forget the self discipline tools... the lash... and just eat bread and drink water in the cave until that happens...
yeah right.... like you can live without booze, chicks and beach here in Brazil....

I said I'm turning into a monk. not dying
  • #33,088
  • Sep 27, 2007 5:18pm Sep 27, 2007 5:18pm
Quoting Warper
I don't know if you are aware but there is a big flow of opinion around that claim to be almost impossible to make 10% year in a consistent way. (Mostly members of the James Trading and the forum founder himself.)

False interpretation / misinformation.
Trust price. Know yourself.
  • #33,089
  • Sep 27, 2007 5:23pm Sep 27, 2007 5:23pm
Quoting SeekingLight
False interpretation / misinformation.
Thanks. Could not be shorter.
.
  • #33,090
  • Sep 27, 2007 5:24pm Sep 27, 2007 5:24pm
Quoting cesarnc
yeah right.... like you can live without booze, chicks and beach here in Brazil....

I said I'm turning into a monk. not dying
.
  • #33,091
  • Sep 27, 2007 5:40pm Sep 27, 2007 5:40pm
Quoting cesarnc
yeah right.... like you can live without booze, chicks and beach here in Brazil....

I said I'm turning into a monk. not dying

Ha ha Ha ha Ha ha
  • #33,092
  • Sep 27, 2007 6:47pm Sep 27, 2007 6:47pm
18 members here.. 144 on the Auslanco :surprised
.
  • #33,093
  • Edited 7:21pm Sep 27, 2007 7:08pm | Edited 7:21pm
Quoting cesarnc
I thinking about driving to the rainbow's beer store...
I will drink milk. Real men drink milk.

Don't you go to the gym? SO...

Quoting SeekingLight
False interpretation / misinformation.
I can get you several quotes of your friends saying it.

Quoting bullrock
18 members here.. 144 on the Auslanco
The explanation is very simple.. Its not about if the strategies have results or not.

Its about the fact that when someone lose, some how they feel conforted to the fact that their teachers lost too.

We see Entry SL and target every five minutes. They just like to know that if a trade becomes a loser, they will not panic because 5 minutes from there they get another (entry / target) to aim without thinking about it, without feeling the fear.

Its like a team. If we follow the leader, we feel better in losses and wins. Without a leader, there is no army. Thats why there are less soldiers here.

Here you lose and you have to take a breath and restart because no body will help you.

Probably everyone was in the oposite direction in the first place, but not there. There is the same entry and SL for everyone, everyone feels good or share the pain! Not bad thinking if the strategy works.

They aim for 500 pip targets based on 5 minute charts. I don't think it works.:
  • #33,094
  • Sep 27, 2007 7:10pm Sep 27, 2007 7:10pm
Quoting bullrock
18 members here.. 144 on the Auslanco :surprised
if you want the same number here also, it's simple
come here each day post 50 posts/second and give signals with great percent of confidence
even if the signals are 10/day and the first 9 are lousy and the last one is good, the people will respect you and call you the MASTER
whatever you are, even if you say I'm the indicator guy or you dont know how to draw a TL you will be the MASTER, the MASTER
  • #33,095
  • Sep 27, 2007 7:14pm Sep 27, 2007 7:14pm
Quoting bullrock
18 members here.. 144 on the Auslanco :surprised
Several consecutive tiny-ranged 1hr candles across the board... Tell me about persistence LOL....

Back by London.... Just hope those pre-Frankfurt screwups not to show up again. 3:00 am (local) ?... I can't handle it
  • #33,096
  • Sep 27, 2007 7:15pm Sep 27, 2007 7:15pm
Quoting bullrock
18 members here.. 144 on the Auslanco :surprised
I wonder what is so special about his thread?
"Invest With The Insiders, Not The Masses" George Muzea
  • #33,097
  • Sep 27, 2007 7:18pm Sep 27, 2007 7:18pm
Quoting Qu|cksilver
I wonder what is so special about his thread?
You started this thread so you should have played master since the beggining, so when we got a loss, we would share the pain with you and get another entry right away, not wondering if we are making bad analysis.

Why didn't you do it?

Give me a target nooww!!
  • #33,098
  • Sep 27, 2007 8:15pm Sep 27, 2007 8:15pm
Quote
You started this thread so you should have played master since the beggining, so when we got a loss, we would share the pain with you and get another entry right away, not wondering if we are making bad analysis.

Why didn't you do it?

Give me a target nooww!!

Hello World!
  • #33,099
  • Sep 27, 2007 8:22pm Sep 27, 2007 8:22pm
what everybody think, will we see 386 or 505 tomorrow?
or this MF will f us again and go 260,140 or lower!!
  • #33,100
  • Sep 27, 2007 8:37pm Sep 27, 2007 8:37pm
Anyone know what's going on with GBP? it spike 40 pips in 15 mins.
269 traders viewing now