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Cable Update (GBPUSD)

  • #59,341
  • Mar 25, 2008 6:20am Mar 25, 2008 6:20am
Dont take it personal this is a serious business, for most of traders will be a hard business.Just dont force your self.Sometimes need to cool down then enter again .Cheers

Quoting nAVIN2007
trading is getting harder and harder instead of easier ...or is it just me?
  • #59,342
  • Mar 25, 2008 6:24am Mar 25, 2008 6:24am
Quoting nAVIN2007
trading is getting harder and harder instead of easier ...or is it just me?
I like to getting harder and harder..........

for my self i am waiting monthly closed...........
I Deeply Love My Virtual Life In Virtual World , RLC
  • #59,343
  • Mar 25, 2008 6:28am Mar 25, 2008 6:28am
Nav, it has times like that where it just seems random and impossible, normally a sign you need a break from it to gain some perspective.

My funds hit the account today, sadly 2 call outs today, but if my clients leave me alone for 10mins maybe I can replace the need for clients!!!


Easy Support and bounce off the 12hour SMA earlier.

EU in a uptrend, worth a small long maybe ( not for me )
GU trying to form a up trend, long @9925.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,344
  • Mar 25, 2008 6:35am Mar 25, 2008 6:35am
Quoting nAVIN2007
trading is getting harder and harder instead of easier ...or is it just me?
"There is nothing easy or hard but thinking makes it so" Not quite what Shakespeare said but i think you know what i mean. Have a listen to this talk by Mark Douglas and this should help you.

http://www.woodiescciclub.com/Lectur...ugust-2005.htm
  • #59,345
  • Mar 25, 2008 7:22am Mar 25, 2008 7:22am
Quoting nAVIN2007
trading is getting harder and harder instead of easier ...or is it just me?
no one said it will be easy, you need to take a break and focus on trading and what you need to do to make yourself better, it takes a lot of hard work.
If I Go Broke Trying Then I Will die happy.
  • #59,346
  • Mar 25, 2008 7:26am Mar 25, 2008 7:26am
I see an ascending chart-pattern, anyone else does?
However... It's just too early to enter the market, I'll wait for further bull sign before taking one...^^
  • #59,347
  • Mar 25, 2008 7:30am Mar 25, 2008 7:30am
Quoting nAVIN2007
trading is getting harder and harder instead of easier ...or is it just me?
You'll have bad months and better months. This is probably a bad one.
  • #59,348
  • Mar 25, 2008 7:32am Mar 25, 2008 7:32am
Quoting Moe
no one said it will be easy, you need to take a break and focus on trading and what you need to do to make yourself better, it takes a lot of hard work.
lol ...guys im fine dont worry im lossing money but using money management rules..im still in trade for a short and hanging in there regardless, much less emotional than b4..but fustrated cause i had a good entry and could have made 20 pips instead it looks like the bears just cant take control despite the bearish candle on 1hr chart ...i jumped the gun..but learning from it ...

Im fine i promise im just a vocal kind of guys..mouth is wide ......lol
if i get a close above 1.9942 im out ....of trade .
this really is a tug of war ..and i should have waited for a confirmation rather than already being in the trade ...stupid nav
  • #59,349
  • Mar 25, 2008 7:53am Mar 25, 2008 7:53am
GU is doing 1.9955, if the candle closes above this level, I'd go long... I've been a good sniper all this time...^^
  • #59,350
  • Mar 25, 2008 8:30am Mar 25, 2008 8:30am
Quoting deboooo2005
you want to long @ daily pivot .... that what u mean
Well Debo Im looking north from my weekly plan.I could see a potential TL break and was looking for support to buy iback in.

I do use pivots like you
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,351
  • Mar 25, 2008 8:39am Mar 25, 2008 8:39am
Hmmh.. Correction on due or a pull back?? It confuses me... Any signal can be my trigger to go either long/short right now... If it goes sideway, I'll leave the market and come back after the news.

Quoting fdowtf
GU is doing 1.9955, if the candle closes above this level, I'd go long... I've been a good sniper all this time...^^
  • #59,352
  • Mar 25, 2008 8:52am Mar 25, 2008 8:52am
i think its a great time to shor.. atleast for 50pips or so.. new 4hr candle forming in the next 8 min.. gluck guys im shorting here 970 for 900
  • #59,353
  • Mar 25, 2008 9:03am Mar 25, 2008 9:03am
Quoting LuckyLurker
May test 1.9979, if so I expect down from there..

Sell limit @ 1.9979

regardless

Tp on all orders @ 9679

Filled
USD Est Non Mortuus
  • #59,354
  • Mar 25, 2008 9:14am Mar 25, 2008 9:14am
Hi again i think the way is open to 2.0033
  • #59,355
  • Mar 25, 2008 9:33am Mar 25, 2008 9:33am
We'd love to see that level....

I went Long @ 1.9973, TP @ 2.0169 (around 50.0 fibo) and SL @ 1.9869 (just a 100pips behind my open position if I got it rally wrong)

I hope this time GU will not stay to play bungee jumping...:... Anybody holding Long also? Or at least analyzing a north movement?

Quoting deboooo2005
Hi again i think the way is open to 2.0033
  • #59,356
  • Mar 25, 2008 9:40am Mar 25, 2008 9:40am
Quoting deboooo2005
Hi again i think the way is open to 2.0033

i sure hope not ....im still short ..i placed a very bad trade ..
  • #59,357
  • Mar 25, 2008 9:49am Mar 25, 2008 9:49am
Quoting nAVIN2007
i sure hope not ....im still short ..i placed a very bad trade ..
My friend if you think you are wrong then get out of the trade and wait for another opportunity. If you stay in a trade where you know you are wrong but are hoping for the market to turn then you will possibly make a small loss into a big one. Also the emotional capital that one loses in these types of trades is immense. Good luck but act according to your plan.
  • #59,358
  • Mar 25, 2008 9:50am Mar 25, 2008 9:50am
Where's your SL? Didn't you mention about level 1.9944? You must have a real good analysis to keep you holding the position, you know...The fundamental releases aren't signaling support for $...
Anyway, fundamental is not the only aspect we should look for in trading FOREX, please share your technical point of view to hold the short...^^

Quoting nAVIN2007
i sure hope not ....im still short ..i placed a very bad trade ..
  • #59,359
  • Mar 25, 2008 9:52am Mar 25, 2008 9:52am
Quoting fdowtf
We'd love to see that level....

I went Long @ 1.9973, TP @ 2.0169 (around 50.0 fibo) and SL @ 1.9869 (just a 100pips behind my open position if I got it rally wrong)

I hope this time GU will not stay to play bungee jumping...:... Anybody holding Long also? Or at least analyzing a north movement?
i just dont have the experience to know when to sell ..50% fib seem obvious now but .I placed a sell order at the bottom of the channel ..lol
instead of the top...i instinctely buy and sell in the worst possible place ..man its scary how much i do it ....but still im learn with every mistake thx to the best in here
  • #59,360
  • Mar 25, 2008 9:54am Mar 25, 2008 9:54am
when cable is above 1.9955 we still going up
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