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Cable Update (GBPUSD)

  • #49,381
  • Jan 14, 2008 3:41am Jan 14, 2008 3:41am
Quoting FXdaily
1.9665 SL That must be okey now.
Then I take it you are still sure cable going down today? I am holding short @1.9628. Already hit S/L on one short today. Still cant see why cable going up today?!
  • #49,382
  • Jan 14, 2008 3:41am Jan 14, 2008 3:41am
Quoting thucai
How did u feel after blowing up 3 accounts when hearing the world forex?

I'm just curious. still small account.
well, not good of course but that gave the chance to study and study and learn more. Now I will not risk more than 5% per trading day. I know the luck of novice traders, some they even double or triple their account size ,(I did also....) not because they are experts but because of luck, and next months they just lose everything. The most important in forex is not your entry or exit than money management rules. Never risk more than 5% at a trading day, NEVER.
  • #49,383
  • Jan 14, 2008 3:44am Jan 14, 2008 3:44am
I think a short with that kind of stop loss is a mistake because trend on 15 minute is still strongly up.

Even if it turns around it will be a coin flip and a lucky draw.

It has room to move up another 50 pips

Dollar is tanking at the moment even more reason to avoid a short.
  • #49,384
  • Jan 14, 2008 3:45am Jan 14, 2008 3:45am
Quoting forexguru
well, not good of course but that gave the chance to study and study and learn more. Now I will not risk more than 5% per trading day. I know the luck of novice traders, some they even double or triple their account size ,(I did also....) not because they are experts but because of luck, and next months they just lose everything. The most important in forex is not your entry or exit than money management rules. Never risk more than 5% at a trading day, NEVER.
Thanks for ur advice.Me just 3% of trading day.
  • #49,385
  • Jan 14, 2008 3:47am Jan 14, 2008 3:47am
Quoting pipmac
I think a short with that kind of stop loss is a mistake because trend on 15 minute is still strongly up.

Even if it turns around it will be a coin flip and a lucky draw.

It has room to move up another 50 pips

Dollar is tanking at the moment even more reason to avoid a short.
Risk trading against either side up and down
  • #49,386
  • Jan 14, 2008 3:48am Jan 14, 2008 3:48am
Quoting forexguru
well, not good of course but that gave the chance to study and study and learn more. Now I will not risk more than 5% per trading day. I know the luck of novice traders, some they even double or triple their account size ,(I did also....) not because they are experts but because of luck, and next months they just lose everything. The most important in forex is not your entry or exit than money management rules. Never risk more than 5% at a trading day, NEVER.
by the way, you can never beat the sharks, there are institutions and banks with billion of dollars ready to invest in any minute, all the channels, triangles, rules that you see, will broken out. Forex is not for every day or every moment trading, for example the trade for today is done already from 1.9565 till 1.9640, 90 pips made some peoples millions already for today. Any move you do now is really risky. I just watch the charts and feel sorry for all the forex novices who count their losses.. this time is not a time for trading anymore unless the range is broken and most important stays broken, not fake breakout.
  • #49,387
  • Jan 14, 2008 3:55am Jan 14, 2008 3:55am
Quoting forexguru
fxdaily , how much you have now in your account, I remember you said recently that is about $85,000
This mounth i started 75k account yes then it was 85k now it is 91k$
  • #49,388
  • Jan 14, 2008 3:57am Jan 14, 2008 3:57am
Quoting Runway Trade
Then I take it you are still sure cable going down today? I am holding short @1.9628. Already hit S/L on one short today. Still cant see why cable going up today?!
1.9665 must be good SL right now but i thinking Hedge if price going there .
  • #49,389
  • Jan 14, 2008 4:00am Jan 14, 2008 4:00am
Quoting FXdaily
This mounth i started 75k account yes then it was 85k now it is 91k$
good how many years are you trading?
  • #49,390
  • Jan 14, 2008 4:08am Jan 14, 2008 4:08am
Quoting forexguru
good how many years are you trading?
Hey forexguru,

Rather than worrying about how much others are earning, how many years they are trading, why not post some charts & analysis to explain your point of view now that you have 3 blown accounts to credit.


Afterall, you are the FOREXGURU...
  • #49,391
  • Jan 14, 2008 4:09am Jan 14, 2008 4:09am


Quoting forexguru
... Forex is not for every day or every moment trading, for example the trade for today is done already from 1.9565 till 1.9640, 90 pips made some peoples millions already for today...

with no clear break at 1.95 projection plotted says higher .. let's see
  • #49,392
  • Jan 14, 2008 4:12am Jan 14, 2008 4:12am
Quoting forexguru
good how many years are you trading?
~3 years now.
  • #49,393
  • Jan 14, 2008 4:22am Jan 14, 2008 4:22am
Quoting forexnovice
Hey forexguru,

Rather than worrying about how much others are earning, how many years they are trading, why not post some charts & analysis to explain your point of view now that you have 3 blown accounts to credit.


Afterall, you are the FOREXGURU...
I am not worrying, I see fxdaily has made a big run in forex and I guess he has a gift. Some people have it some not.
About my 3 accounts blown, they were small accounts, do not worry.

As for now I see a range trading, so better stay out.
  • #49,394
  • Jan 14, 2008 4:27am Jan 14, 2008 4:27am
1.9628 im out with loss -12 pipses im LONG in 1,9628 with 10 LOT
  • #49,395
  • Jan 14, 2008 4:28am Jan 14, 2008 4:28am
Quoting forexguru
I am not worrying, I see fxdaily has made a big run in forex and I guess he has a gift. Some people have it some not.
About my 3 accounts blown, they were small accounts, do not worry.

As for now I see a range trading, so better stay out.
No worries mate..lol..no worries at all.

What TF do you trade on ?
  • #49,396
  • Jan 14, 2008 4:29am Jan 14, 2008 4:29am
We not going today South
TP: 1.9700 SL:1.9605
  • #49,397
  • Jan 14, 2008 4:31am Jan 14, 2008 4:31am
Quoting FXdaily
We not going today South
TP: 1.9700 SL:1.9605
same feeling
  • #49,398
  • Jan 14, 2008 4:36am Jan 14, 2008 4:36am
Quoting FXdaily
1.9628 im out with loss -12 pipses im LONG in 1,9628 with 10 LOT

It's nice to see your comment here again, along with QS... just can wait debooo to join again here. btw. we'll have a lot of news starting tommorow!!!
  • #49,399
  • Jan 14, 2008 4:45am Jan 14, 2008 4:45am
Quoting gunset
It's nice to see your comment here again, along with QS... just can wait debooo to join again here. btw. we'll have a lot of news starting tommorow!!!
Deboo is away for a while he changes her living place he moves back there where hes born.
He lost last time much and no trading 10 days he sayd
  • #49,400
  • Jan 14, 2008 4:47am Jan 14, 2008 4:47am
i think its going north now....on the weekly chart its retraced to 61% level....looks like it bouncing of it ....so i say north..
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