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Cable Update (GBPUSD)

  • #42,701
  • Dec 3, 2007 9:31am Dec 3, 2007 9:31am
i think cable is GO UP - what i have analises today

cable up!!!!
  • #42,702
  • Dec 3, 2007 9:32am Dec 3, 2007 9:32am
Quoting Ash
Been short since 2.1085, patience, lots of it needed to trade on longer TF's, part luck, was at the right place, right time, otherwise, patience.
Ash you always forget to add
+ understanding the market, experience
+ Equity. Lots of it, and trade a small part of it.

I wonder what will happen if I enter sell now
and mount huge stones on top of my Pc
to comeback before xmas whether I will make
1k with $100 equity???

  • #42,703
  • Dec 3, 2007 9:38am Dec 3, 2007 9:38am
Quoting fxbroker
Ash you always forget to add
+ understanding the market, experience
+ Equity. Lots of it, and trade a small part of it.

I wonder what will happen if I enter sell now
and mount huge stones on top of my Pc
to comeback before xmas whether I will make
1k with $100 equity???

You are absolutely correct. I trade on fundamentals along with technicals to give good entry and exit points. For all I care, my position (not a small position in terms of $$$'s) can go against by 10,000 pips and it wouldn't affect me.

I don't no more than 0.5% of my account equity per position because I trade upto 8 different currencies at any given time. If I had more computers and monitors, I probably would trade more but I also trade futures and commodities.
Humble Lifetime Member
  • #42,704
  • Dec 3, 2007 9:42am Dec 3, 2007 9:42am
Quoting Ash
You are absolutely correct. I trade on fundamentals along with technicals to give good entry and exit points. For all I care, my position (not a small position in terms of $$$'s) can go against by 10,000 pips and it wouldn't affect me.

I don't no more than 0.5% of my account equity per position because I trade upto 8 different currencies at any given time. If I had more computers and monitors, I probably would trade more but I also trade futures and commodities.
I use too 2 monitors with one computer one monitor i yse scarting and other i can put fastly trade it help much if you want use different brookers same time .
  • #42,705
  • Dec 3, 2007 9:53am Dec 3, 2007 9:53am
Quoting Ash
You are absolutely correct. I trade on fundamentals along with technicals to give good entry and exit points. For all I care, my position (not a small position in terms of $$$'s) can go against by 10,000 pips and it wouldn't affect me.

I don't no more than 0.5% of my account equity per position because I trade upto 8 different currencies at any given time. If I had more computers and monitors, I probably would trade more but I also trade futures and commodities.
I wish I can just have the gut to watch trade go against me
up to 100pips. I did it after reading your previous post
and I could not watch my little equity depleted very fast.
I got confused and did not know where to put stones!!

The trade went back to -50pips I then closed
it immediately . By next day the trade went back
buying to my previous entry plus extra +60pips.

I swallowed my pride with all humility and accept my loss
I have though recovered from it.

-20pips no problem I can recover it same day,
-50pips well next day,
-100pips ...........no way I lose control of everything including
my reasoning.
  • #42,706
  • Dec 3, 2007 9:56am Dec 3, 2007 9:56am
Quoting FXdaily
I use too 2 monitors with one computer one monitor i yse scarting and other i can put fastly trade it help much if you want use different brookers same time .
A buddy of mine has four computers (doesn't want to drain the performance) and sixteen monitors. Like him, I need to able to look at the charts right there and then. Since I trade on daily TF's, less stress and the rewards are great. When you trade on shorter TF's, you run into the risk of incurring losses, I haven't had any as of yet. Good Luck to all!
Humble Lifetime Member
  • #42,707
  • Dec 3, 2007 12:13pm Dec 3, 2007 12:13pm
Quoting Ash
A buddy of mine has four computers (doesn't want to drain the performance) and sixteen monitors. Like him, I need to able to look at the charts right there and then. Since I trade on daily TF's, less stress and the rewards are great. When you trade on shorter TF's, you run into the risk of incurring losses, I haven't had any as of yet. Good Luck to all!
thats being GREEDY!! you really only need 1 currency pair and the leverage from the forex..................THATS ALL!!!
  • #42,708
  • Dec 3, 2007 12:27pm Dec 3, 2007 12:27pm
Quoting AmeriTrini
thats being GREEDY!! you really only need 1 currency pair and the leverage from the forex..................THATS ALL!!!
No, that's not being greedy but wise. Why would anyone want to put all their eggs in one basket?
Humble Lifetime Member
  • #42,709
  • Dec 3, 2007 12:35pm Dec 3, 2007 12:35pm
Quoting Ash
No, that's not being greedy but wise. Why would anyone want to put all their eggs in one basket?
I guess it depends on the basket and how familiar you are with it. I only deal with GBPUSD 'cause I know how it moves. The others move too crazy IMO and are too unpredictable.....except maybe stuff like USDCAD or AUDUSD or EURGBP...other than that, too risky....
"Lunch ? Lunch Is For Wimps !"
  • #42,710
  • Dec 3, 2007 12:36pm Dec 3, 2007 12:36pm
Quoting Ash
No, that's not being greedy but wise. Why would anyone want to put all their eggs in one basket?
if you know what you are doing, yes. if not i guess take the approach your friend does.
  • #42,711
  • Edited 12:47pm Dec 3, 2007 12:42pm | Edited 12:47pm
Quoting AmeriTrini
if you know what you are doing, yes. if not i guess take the approach your friend does.
You know, the more power to you. If trading one currency works for you, great, if trading more than one on longer TF's works, that's also great. Whatever tickle's your fancy. Some like vanilla, some like chocolate. So, before you make assumptions or start making broad statements, I suggest that you learn the market. There are other markets besides forex. Good Luck to you and everyone else.
Humble Lifetime Member
  • #42,712
  • Dec 3, 2007 12:55pm Dec 3, 2007 12:55pm
Quoting Ash
You know, the more power to you. If trading one currency works for you, great, if trading more than one on longer TF's works, that's also great. Whatever tickle's your fancy. Some like vanilla, some like chocolate. So, before you make assumptions or start making broad statements, I suggest that you learn the market. There are other markets besides forex. Good Luck to you and everyone else.
you too buddy........, just make that money.
  • #42,713
  • Dec 3, 2007 6:08pm Dec 3, 2007 6:08pm
Morning All..


Short, sell, down cable down.. cable will break yesterday low.. 2.0523
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,714
  • Dec 3, 2007 6:24pm Dec 3, 2007 6:24pm
Amen to that. If it actually moves down I doubt the bottom will hold, and I think we will start looking at the 2.0350 area soon, maybe 2.0250 by mid December.

Quoting Qu|cksilver
Morning All..


Short, sell, down cable down.. cable will break yesterday low.. 2.0523
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #42,715
  • Dec 3, 2007 6:31pm Dec 3, 2007 6:31pm
Quoting Plutonite
Amen to that. If it actually moves down I doubt the bottom will hold, and I think we will start looking at the 2.0350 area soon, maybe 2.0250 by mid December.
Based on my analysis cable will not go below 2.0460
But anything can happen...

Trade carefully.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,716
  • Dec 3, 2007 6:34pm Dec 3, 2007 6:34pm
Quoting Qu|cksilver
Morning All..


Short, sell, down cable down.. cable will break yesterday low.. 2.0523
well let's see, my radar is saying down .
I agree with you. I am trading back to 2.0530
but not sure whether it will make it up to there.

Everything will depend on European session.
  • #42,717
  • Dec 3, 2007 6:42pm Dec 3, 2007 6:42pm
Attached my analysis.
Trade at your own risk.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 173 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,718
  • Dec 3, 2007 6:54pm Dec 3, 2007 6:54pm
Quoting fxbroker
well let's see, my radar is saying down .
I agree with you. I am trading back to 2.0530
but not sure whether it will make it up to there.

Everything will depend on European session.
Yes i agree.
Anyway.. the good strategy is using trailing stop when we near at 530
or find good support at 30min,1hr or 4hr chart. It might help to take the maximum profit.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,719
  • Dec 3, 2007 7:02pm Dec 3, 2007 7:02pm
Quoting Qu|cksilver
Yes i agree.
Anyway.. the good strategy is using trailing stop when we near at 530
or find good support at 30min,1hr or 4hr chart. It might help to take the maximum profit.
Oh yes if we get halfway of 530 I will be more than happy and go to sleep
I just stayed up the night to see whether you will say Down or Up.

We are trading the correction of yesterday (Monday) market,
which I thought it will bearish but turned bullish down the road.

So it is difficult to know whether those that forced the trade to
turned bullish will fight back when Europe/London opens
  • #42,720
  • Dec 3, 2007 7:08pm Dec 3, 2007 7:08pm
Quoting fxbroker
Oh yes if we get halfway of 530 I will be more than happy and go to sleep
I just stayed up the night to see whether you will say Down or Up.

We are trading the correction of yesterday (Monday) market,
which I thought it will bearish but turned bullish down the road.

So it is difficult to know whether those that forced the trade to
turned bullish will fight back when Europe/London opens
Did you notice yesterday i said cable going to make spike up and down?
I already give you the clue.. i actually know where the market is going based on my analysis. And lastly yesterday i get the top at 2.0678 now at BE.

I didn't post to much yesterday because it's enough to have that guru here.
"Invest With The Insiders, Not The Masses" George Muzea
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