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Cable Update (GBPUSD)

  • #57,661
  • Mar 10, 2008 1:53pm Mar 10, 2008 1:53pm
If it continue bearish it will reach 2.0050
  • #57,662
  • Mar 10, 2008 2:02pm Mar 10, 2008 2:02pm
Kicking myself on the wussing of the 180 short worked perfectly



Scalping a long here, hoping for 20pips come on
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,663
  • Mar 10, 2008 2:10pm Mar 10, 2008 2:10pm
I dunno how comes today but i guess the direction and actually out smarted cable ..just a pity its not a live account...will be by wednesday though

made 100 pips so far .... i sent the paper work ...just waiting for it to be recieved
  • #57,664
  • Mar 10, 2008 2:17pm Mar 10, 2008 2:17pm
Navin, live SWEET, riches or poorer only 1 way to find out hey!!

Good luck dude, when your a millionaire think of us failed traders and slip me 100K pls
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,665
  • Mar 10, 2008 2:52pm Mar 10, 2008 2:52pm
Quoting Turveyd
Navin, live SWEET, riches or poorer only 1 way to find out hey!!

Good luck dude, when your a millionaire think of us failed traders and slip me 100K pls

lol ...i bet this wont have happened when the account was real
but i dont understand i did mention that there amazing strong resistance and its likely to bounce and house prices sold was likely on declin hence drop for cable ...it was only going down..how did u get caught?
  • #57,666
  • Mar 10, 2008 3:02pm Mar 10, 2008 3:02pm
Quoting nAVIN2007
lol ...i bet this wont have happened when the account was real
but i dont understand i did mention that there amazing strong resistance and its likely to bounce and house prices sold was likely on declin hence drop for cable ...it was only going down..how did u get caught?
plus if u notice commodities are falling a bit hence dollar is witnessing a slight rebound. and it came in the same time of cables rebound + weak UK fundamentals today.
thats it i think,
unless we witness very strong numbers for dollar and very weak RICS house price balance then i think we might see a trend reversal.

any thoughts.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,667
  • Mar 10, 2008 3:02pm Mar 10, 2008 3:02pm
Never works like planned when it's real strangely, well for me, but it's not luck as I don't believe in that, i just trade differently lets see how you cope with real money, if not for this I'd be a millionaire already, but would i be happy LOL

Caught ?? I bailed for 5.4pips ages ago sad really, but makes my account chart look nice
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,668
  • Mar 10, 2008 3:21pm Mar 10, 2008 3:21pm
salah hows the first day go? ....net pips?
  • #57,669
  • Mar 10, 2008 3:33pm Mar 10, 2008 3:33pm
Quoting nAVIN2007
salah hows the first day go? ....net pips?
i didnt enter yet my friend
i know u probably think im a coward but nothing was clear yet
even though selling silver was tempting i decided to wait for a clear trend.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,670
  • Mar 10, 2008 3:39pm Mar 10, 2008 3:39pm
Quoting salah k.
i didnt enter yet my friend
i know u probably think im a coward but nothing was clear yet
even though selling silver was tempting i decided to wait for a clear trend.
now absolutely not! Id probably do the same thing, once u place a trade u will get over it just..dont worry prevention is better than cure like my mother always telling me..u didnt lose anything...so its a good day ..

im gonna join u on wednesday...
  • #57,671
  • Mar 10, 2008 3:41pm Mar 10, 2008 3:41pm
Salah, you've cured your addiction to trade even when the odds are you'd of likely of took a loss, well done.

No trade ='s better than LOSS every time.


I too wussed it, till my little bounce, but thats why I've got 5 winning trades in a row nearing 50pips LOL

* if I can live to 2000years old I'm fairly sure at the above rate I will be a millionaire LOL *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,672
  • Mar 10, 2008 4:02pm Mar 10, 2008 4:02pm
Quoting Turveyd
Salah, you've cured your addiction to trade even when the odds are you'd of likely of took a loss, well done.

No trade ='s better than LOSS every time.


I too wussed it, till my little bounce, but thats why I've got 5 winning trades in a row nearing 50pips LOL

* if I can live to 2000years old I'm fairly sure at the above rate I will be a millionaire LOL *
no problem about the addiction part i mean i have self control.(lots of it)

good luck on ur 2000 year quest.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,673
  • Mar 10, 2008 4:06pm Mar 10, 2008 4:06pm
Ok my trade has gone well from earlier. First graph is from earlier second now.If price is not at target by 12 or outside channel I will reconsider position.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,674
  • Mar 10, 2008 4:39pm Mar 10, 2008 4:39pm
tony where do u see the long term direction up or down?
  • #57,675
  • Mar 10, 2008 4:39pm Mar 10, 2008 4:39pm
Quoting salah k.
i didnt enter yet my friend
i know u probably think im a coward but nothing was clear yet
even though selling silver was tempting i decided to wait for a clear trend.
Let your emotions aside and trade
Trade what you see, not what you think.
  • #57,676
  • Mar 10, 2008 4:45pm Mar 10, 2008 4:45pm
Quoting karmostaji
Let your emotions aside and trade
i wont my friend dont worry.
and thnx for ur advice and for opening my eyes to gbp/jpy
gr8 volatility
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,677
  • Mar 10, 2008 4:46pm Mar 10, 2008 4:46pm
Quoting nAVIN2007
tony where do u see the long term direction up or down?
Nav there is no doubt in my mind that this is a much needed correction.If I traded other pairs I would not even consider a counter trend trade as often you end up stung,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,678
  • Mar 10, 2008 4:47pm Mar 10, 2008 4:47pm
Quoting salah k.
i wont my friend dont worry.
and thnx for ur advice and for opening my eyes to gbp/jpy
gr8 volatility
I know you are afraid of losing and entering bad trades but the truth is that you will do mistakes, enter bad trades, lose real money, and that is HOW you are going to truly learn how to trade and to start leave your emotions next door.

We humans learn from our mistakes, so don't be afraid and if you see a setup, believe in yourself and your analysis and click that button with no fear whatsoever.

Believe in yourself my brother
Trade what you see, not what you think.
  • #57,679
  • Mar 10, 2008 4:50pm Mar 10, 2008 4:50pm
I am concentrating on this pair to hone some skills but that is not my long term objective. I chose this pair for the same reasons you did probably Nav ,the fact that we know something about both currencies.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,680
  • Mar 10, 2008 4:50pm Mar 10, 2008 4:50pm
Quoting Bones
Nav there is no doubt in my mind that this is a much needed correction.If I traded other pairs I would not even consider a counter trend trade as often you end up stung,lol
what do u see the likely hood of this happening, cause i think we had a retracement to 50% now we are resuming normal trend..see diagram
what do u think?
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