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Cable Update (GBPUSD)

  • #59,181
  • Edited 6:48pm Mar 21, 2008 3:48pm | Edited 6:48pm
Quoting Turveyd
Navin, whats the score for the week then ??

+22 pips or something sad here, 2 trades both profitable, NEED to close the company soon just to trade
i made £5 today ..
total loss this week =£89.93
out of £3,000 ..
I need to better next week ...hopefully finish on a profit...
but im on a training course from wednesday through fri so i can onyly trade 1 day i think ..lets see what happens....i only going to do long trades at 0.1..if i hit 2 home runs i get my money back.
  • #59,182
  • Mar 21, 2008 3:55pm Mar 21, 2008 3:55pm
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Short the market next week onless you get a bounce on the 50 percent blue fibb....


I have my own thread.
I teach my strategy and give entries to the markt

http://www.forexfactory.com/showthread.php?t=76648
  • #59,183
  • Mar 21, 2008 4:01pm Mar 21, 2008 4:01pm
Quoting jets211990
Attachment


Short the market next week onless you get a bounce on the 50 percent blue fibb....


I have my own thread.
I teach my strategy and give entries to the markt

http://www.forexfactory.com/showthread.php?t=76648
i will definately check it out .....may i ask why i particular u think shorting is the way to go ...cause ithere was a bounce and we have resume a trend...the drop possible a retracement.....
  • #59,184
  • Mar 21, 2008 4:09pm Mar 21, 2008 4:09pm
Quoting nAVIN2007
i will definately check it out .....may i ask why i particular u think shorting is the way to go ...cause ithere was a bounce and we have resume a trend...the drop possible a retracement.....

Because if you lookt the bouce of the clue fibb...it appears as it is slowind own to head back up....but if you look at the last 3 candles price whent up and hit the 38.2 fib off the counter fibb....White one....

second the major trend overall is bearish...

If i did not answer detailed enought let me know and i will be more detailed...if you have any more question put them up 2...


Also price is start ting to move below the 8 moving average(teo color)....and the we are below the 64 moving average(purple) that for me shows bearish sentiment...
  • #59,185
  • Mar 21, 2008 4:12pm Mar 21, 2008 4:12pm
Quoting jets211990
Because if you lookt the bouce of the clue fibb...it appears as it is slowind own to head back up....but if you look at the last 3 candles price whent up and hit the 38.2 fib off the counter fibb....White one....

second the major trend overall is bearish...

If i did not answer detailed enought let me know and i will be more detailed...if you have any more question put them up 2...
can u say which time frame and if possible more detail this will really help me ...thank u in advance
  • #59,186
  • Mar 21, 2008 4:14pm Mar 21, 2008 4:14pm
If its ok with you can you go to my thread and place your questions there since i do not whant to clutter this thread thaks...and this questions can be helpfull for people fallowing my thread thanks...hope you understnand
  • #59,187
  • Mar 21, 2008 4:16pm Mar 21, 2008 4:16pm
Quoting jets211990
If its ok with you can you go to my thread and place your questions there since i do not whant to clutter this thread thaks...and this questions can be helpfull for people fallowing my thread thanks...hope you understnand

ok...
  • #59,188
  • Mar 21, 2008 5:11pm Mar 21, 2008 5:11pm
Navin, thats a good first week, your not trading at $50 per pip in a panic hoping to get your money back and down 50% atleast

Working away from home, tuesday and wednesday so far likely turn into more days to got to try to fit more trading in somewhere here.

Get trading sorted pretty much, then too busy to trade and bet lost my edge again so starting all over again

It's becoming more natural and instinctive though, which is why I think I'm nearly there, but time will tell!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,189
  • Mar 21, 2008 5:28pm Mar 21, 2008 5:28pm
hi all
in my opinion G/U will come back up atleast to 950 or 2000 , why many reason , many reversal patterns on the daily chart and the H4 frame too , bullish convergince and broken double bottom since long time and the price just tested it now , and that great opportunity to pull back up again
this is my opinion
The million dollar man Alkhatarey
  • #59,190
  • Mar 21, 2008 7:24pm Mar 21, 2008 7:24pm
Quoting jets211990
Attachment


Short the market next week onless you get a bounce on the 50 percent blue fibb....


I have my own thread.
I teach my strategy and give entries to the markt

http://www.forexfactory.com/showthread.php?t=76648

If prices bounce of the blue fibb and manage to close above white fibb 61.8
then you can enter it long....my strategy works both ways you just have to wait for the setup...
  • #59,191
  • Mar 22, 2008 6:10am Mar 22, 2008 6:10am
i see us going to around 38.2 fib area that (1.96**) b/4 any bounce i think. that is my opinion. plz. can some see these and tell me what up with it. i mean good or bad?waiting for responses.
Quoting alkhatarey
hi all
in my opinion G/U will come back up atleast to 950 or 2000 , why many reason , many reversal patterns on the daily chart and the H4 frame too , bullish convergince and broken double bottom since long time and the price just tested it now , and that great opportunity to pull back up again
this is my opinion
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  • #59,192
  • Mar 22, 2008 6:55am Mar 22, 2008 6:55am
Quoting mcmartins
i see us going to around 38.2 fib area that (1.96**) b/4 any bounce i think. that is my opinion. plz. can some see these and tell me what up with it. i mean good or bad?waiting for responses.
I think yur results are fantastic, u know what your doing and there good money management technique u have going there..i will say one thing thou..these result are definately great but its very achievable on a demo, when u go live, i hope your in control of your emotions, which i think if u are your going to do just great ...welldone!!

I had results just like yours and when i when live this week i found myself not able to trade long term because im scared to lose my capital and as result scalped the market...43 trades ...11 loses and £87 down..LOL
But i learned so much more and feel so much more confident about what setups to take.....make sure u do the same...but welldone there great results
  • #59,193
  • Mar 22, 2008 8:31am Mar 22, 2008 8:31am
Real money is a bitch isn't it Nav, go back a week or 2 and read your I'll stick to my plan and trade the same


Been trading with @£100 in there for ages, £50 of that Margin that really does make you worry about losing the capital, atleast I'll have @£400 wednesday ish allowing for the bank holiday

And seriously if your going to Scalp and reside to the fact thats all you can handle then over to 1min charts with you, give up the bigger picture as unless your using 100pip SL's 4hour isn't going to work with 4H.

On the bright side, it's costing you average £2 per trade to learn the game, nothing

Good no GREAT money can be made scalping in your free time ( I've yet to prove this but in theory it works out )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,194
  • Mar 22, 2008 8:41am Mar 22, 2008 8:41am
Quoting Turveyd
Real money is a bitch isn't it Nav, go back a week or 2 and read your I'll stick to my plan and trade the same


Been trading with @£100 in there for ages, £50 of that Margin that really does make you worry about losing the capital, atleast I'll have @£400 wednesday ish allowing for the bank holiday

And seriously if your going to Scalp and reside to the fact thats all you can handle then over to 1min charts with you, give up the bigger picture as unless your using 100pip SL's 4hour isn't going to work with 4H.

On the bright side, it's costing you average £2 per trade to learn the game, nothing

Good no GREAT money can be made scalping in your free time ( I've yet to prove this but in theory it works out )
the problem with scalping and the reason im in a loss is purely....when u trade u make small pips, the lossing trades lose u more pips than the winning ones...bro u must a fantastic trader if yur winning more than yur losing because yur SP must be so tight, and entry basically have to be perfect...
i definately going long term its far easier but entry needs to be in right place...also being mechanical is easier trading long term, short term (scalping) coming impossible id say ...
the learning curve just began...its a tough game isnt it ??
  • #59,195
  • Mar 22, 2008 9:28am Mar 22, 2008 9:28am
Just question. Dose any one facing problem with MT4 or I’m the only one here I can’t login to any servers !!!
  • #59,196
  • Mar 22, 2008 9:52am Mar 22, 2008 9:52am
Quoting Abuawad
Just question. Dose any one facing problem with MT4 or I’m the only one here I can’t login to any servers !!!
it's fine with me Abuawad, working good, what exactly is the problem?? you can't log in to your mt4? could this be linked to the broker?
I believe . . .
  • #59,197
  • Mar 22, 2008 9:53am Mar 22, 2008 9:53am
i use InterBankfx , LiteFX and XTB and they work all the time (all mt4)
there is no problem to login to their servers
maybe proxy or other problem with ur ISP ?
  • #59,198
  • Mar 22, 2008 10:02am Mar 22, 2008 10:02am
Quoting ghous
it's fine with me Abuawad, working good, what exactly is the problem?? you can't log in to your mt4? could this be linked to the broker?
I can't create the demo account or login to the MT4 server using the demo account. I use MT4 for my analysis
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  • #59,199
  • Mar 22, 2008 10:14am Mar 22, 2008 10:14am
if u SCAN and PING is n/a it means ur broker turned off server ... i think
try to get some other mt4 to make ur analysis

i prefer :
www.interbankfx.com
www.liteforex.org

im sure they work all the time coz im using them right now
  • #59,200
  • Mar 22, 2008 10:15am Mar 22, 2008 10:15am
Quoting Abuawad
Just question. Dose any one facing problem with MT4 or I’m the only one here I can’t login to any servers !!!
i have no problems buddy servers are working but im course im using a diffeent server...
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