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Cable Update (GBPUSD)

  • #33,301
  • Sep 29, 2007 9:48am Sep 29, 2007 9:48am
Quoting ClockTrader
we can carry on the competition by just comparing our monthly performance by the end of month, I shall however keep updating my signature, of course after sharing photos, but perhaps on fortnight or monthly basis.

Its a heck to share photo on daily/weekly basis as positions float all the time and P/L is like a roller coaster.

Past Performance Sharing on Monthly basis sounds ideal to me.
Ok why not.. I will post my performance on my website anyway... I will concentrate more on my website and less on the forum but i will check back on daily basis. I will share my stuff weekly/monthly basis with you.
.
  • #33,302
  • Sep 29, 2007 9:56am Sep 29, 2007 9:56am
Quote
I will share my stuff weekly/monthly basis with you.

Sounds like a plan
Hello World!
  • #33,303
  • Sep 29, 2007 10:22am Sep 29, 2007 10:22am
Quoting bullrock
It will retrace first, I think.
Any guess how much retracement? Hopefully 40-50 pips is enough room........
  • #33,304
  • Sep 29, 2007 10:47am Sep 29, 2007 10:47am
Possibly a retrace, then a head back upto 2.0660 ish... We will find out next week.. There could be some nice setups to trade :-)
  • #33,305
  • Sep 29, 2007 5:22pm Sep 29, 2007 5:22pm
Quoting firemed36
Any guess how much retracement? Hopefully 40-50 pips is enough room........
I am just in the middle of a couple of probability calculations... to figure this out...
.
  • #33,306
  • Sep 29, 2007 5:32pm Sep 29, 2007 5:32pm
Quoting bullrock
I am just in the middle of a couple of probability calculations... to figure this out...
Interesting.. what do you use to calculate this ?
  • #33,307
  • Sep 29, 2007 6:31pm Sep 29, 2007 6:31pm
I'm still taking a rest, I didn't place any trade this week

Life is all about As*
your either covering,
Laughing it off,
Kicking it,
Kissing it,
Busting it,
Trying to get a piece of it,
Behaving like one
Or you live with one!!
  • #33,308
  • Sep 29, 2007 6:59pm Sep 29, 2007 6:59pm
Quoting pino2
I'm still taking a rest, I didn't place any trade this week

Life is all about As*
your either covering,
Laughing it off,
Kicking it,
Kissing it,
Busting it,
Trying to get a piece of it,
Behaving like one
Or you live with one!!

Good one.

P.S. Someone earlier in the week said Texas is now only Tex since the as(s) went to Washington.
  • #33,309
  • Sep 29, 2007 7:21pm Sep 29, 2007 7:21pm
Quoting pino2
I'm still taking a rest, I didn't place any trade this week

Life is all about As*
your either covering,
Laughing it off,
Kicking it,
Kissing it,
Busting it,
Trying to get a piece of it,
Behaving like one
Or you live with one!!
welcome back pino
  • #33,310
  • Sep 29, 2007 10:36pm Sep 29, 2007 10:36pm
Quote
I'm still taking a rest, I didn't place any trade this week

Welcome Back dude, assume u got a new broker now

cheers :-)
Hello World!
  • #33,311
  • Sep 30, 2007 2:50am Sep 30, 2007 2:50am
Quoting peterM
Interesting.. what do you use to calculate this ?
Nothing just plain simple stats...
.
  • #33,312
  • Sep 30, 2007 4:06am Sep 30, 2007 4:06am
Ha, I just knew there was some sort of a 'fight' when I hit refresh and there were 4 new pages... on a weekend!
I'm glad everyone's back talking about all the different ways we can make lots and lots and lots of money
Cable is my sugardaddy
  • #33,313
  • Sep 30, 2007 4:16am Sep 30, 2007 4:16am
Quoting firemed36
Any guess how much retracement? Hopefully 40-50 pips is enough room........
I think more and there is 60% chance to that...
.
  • #33,314
  • Sep 30, 2007 4:59am Sep 30, 2007 4:59am
Well, I'm scared the way I lost half of last month's booty in the last few days. I'm just not confident, I'm honestly wondering how I'm gona catch the waves this coming week/month, I'm already under stress with no position at all. All blank as of now, lets see how FX treats me this week. Still a lot time to rejuvenate. Hope some good, all on hopes, lolz !

Good Luck to all !!!
Hello World!
  • #33,315
  • Sep 30, 2007 5:17am Sep 30, 2007 5:17am
Quoting bullrock
I am gonna massacre 15 villages if the carp GU will bounce back from the triangle AGAIN!!!
bulrock evrytime u and i wish something, the wish makes it happen by the way...its ofcourse out of topic, but i have to bring that up,..i remeber i was wishing for tornado to reach mexico,...the thing happen in a week time, when u wished that 15 viliages will be masacred, the thing happen in Burma, ok. actually 19 vilages were masacered and burned,...hm...
its just money
  • #33,316
  • Sep 30, 2007 5:42am Sep 30, 2007 5:42am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ClockTrader
Well, I'm scared the way I lost half of last month's booty in the last few days. I'm just not confident, I'm honestly wondering how I'm gona catch the waves this coming week/month, I'm already under stress with no position at all. All blank as of now, lets see how FX treats me this week. Still a lot time to rejuvenate. Hope some good, all on hopes, lolz !

Good Luck to all !!!
Hi ClockTrader
R U for real, you're a 1kt member and your having issues!!!

Please tell me you are testing a new system and that is why you only have 1,494.00 usd to play with?

Anyway back to your loses, Why?

Don't be scared, be analitical, what did you do before your losing trades differently?

most probalbly find it's an emotional thing, in the begining your were causious and only placed trades when all your indicators fell into place. as time went on you felt you could see the trade coming and would get in early, but your indicators failed to complete the way you expected them to. (jumping the gun)

if hope is an indicator quit trading while you still have some money.

and always keep smiling, even when you lose, because you have just learnt something that will make you a better trader for the future. so smile and win again another day because the future is what were here for, even if it's only tomorrow.
  • #33,317
  • Sep 30, 2007 7:51am Sep 30, 2007 7:51am
Quoting bullrock
Hi Warper, I am flattered. Could you please PM me your contact details. I would like to help. Unfortunately I cannnot remember what was the tip.
The tip i asked you, was about if there were any low risk possibility to add positions without waiting for perfect entries on daily charts, like retractions, candle patterns, etc...

Or in other words, if there were possible to switch to dailies without sacrificing the hourly based potential profitability.

You told me that, meeting certain conditions you exposed, we can add everyday. I understood it perfectly but i will prefer to diversify in many pairs, avoiding going too heavy, like your adding style requires.

The reason i'm switching to daily charts, i already told. It's just unacceptable knowing the overall direction of GU the entire time, and being spiked out 2 times in between, only winning the third in the last 2 weeks.

Ofcouse any good material is welcome. PM on the way. Good luck for your site.

Quoting ClockTrader
I'm honestly wondering how I'm gona catch the waves this coming week/month
The last days, i took a little time to think and i come into this conclusion...

"damn.. i have so many pairs to trade, what am i doing only looking for entries on this ones"

There are pairs with no direct correlation with the dollar mood nor with the carries mood, which is good considering that i already noted that when EU or GU are correcting thanks to a rebound of the dolar Index, this alternative pairs are in trending mode which provide us high probability entries without bothering us with the indecision and choppyness of EU/GU slow corrections.


The reason i never took the time to look at the others was caused by a misconception about the importance of the spreads. But since i'm changing to a longer term trade mode, 8 or 9 pips are not really a big deal, considering that this pairs have volatility to give us 300 pips in a couple of days if we nail a good entry.
  • #33,318
  • Sep 30, 2007 7:55am Sep 30, 2007 7:55am
I have this Complex Commons indicator which shows OB/OS conditions of the individual indicators. Right now, on the 4H chart, the USD is the most OS and cable is the most OB. All rallies need corrections, and this one is no exception. Circa 2.0365 looks viable, maybe lower. I'll be happy to grab about 100 pips on a short on this one, then I'll be ready to see what price action has to say after the fact. Once the pullback is done, it should be on to challenge the previous high at 2.0652.
  • #33,319
  • Sep 30, 2007 8:50am Sep 30, 2007 8:50am
wow.. nobody back in here on sunday?? thats weird.. normally we have a few hanging here doing their weekly (or on today's case = monthly) homework.
  • #33,320
  • Sep 30, 2007 8:51am Sep 30, 2007 8:51am
Quoting 4xpipcounter
I have this Complex Commons indicator which shows OB/OS conditions of the individual indicators. Right now, on the 4H chart, the USD is the most OS and cable is the most OB. All rallies need corrections, and this one is no exception. Circa 2.0365 looks viable, maybe lower. I'll be happy to grab about 100 pips on a short on this one, then I'll be ready to see what price action has to say after the fact. Once the pullback is done, it should be on to challenge the previous high at 2.0652.

Agreed; will drop to 20000 by the end of the week. But I don't think it will see the top record again.
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