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Cable Update (GBPUSD)

  • #59,701
  • Mar 27, 2008 4:59pm Mar 27, 2008 4:59pm
Quoting Bones
I am a little disappointed with myself, lol
I said before the news I would bank 3 buys and keep 2.
Well as usual I decided to keep them buys and add another, which is such bad money management.
Right at the top.
I can not watch the market so by the time it had fallen it was to late for me to react and I did not think it would go the bottom as that would muck up the daily trend.
When I saw price had fallen I realised we were in a clear up channel.
So when price got to the bottom of my channel I was too scared to buy.
Anyway I am looking for the daily candle to look half bullish on close before my next move.
I do not want a pin as the daily is now.
bro u are a master wen it comes to technical analysis but i think u shouldnt 4 get about the number coming out tomorrow.
nationwide house prices. it would change a lot of things especially if it was weak.

so bro keep an eye on it becuase it might screw the bullish trend.
anyway good luck
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,702
  • Mar 27, 2008 5:02pm Mar 27, 2008 5:02pm
im going to wait for close but it dont look good,lol
If we get a pin I will be looking for shorts also,that is a rather nice one at the mo on the daily
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,703
  • Mar 27, 2008 5:04pm Mar 27, 2008 5:04pm
Quoting salah k.
bro u are a master wen it comes to technical analysis but i think u shouldnt 4 get about the number coming out tomorrow.
nationwide house prices. it would change a lot of things especially if it was weak.

so bro keep an eye on it becuase it might screw the bullish trend.
anyway good luck
Thanks mate.If my chart says that number will be ok ill stick with it if not look for exit.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,704
  • Mar 27, 2008 5:08pm Mar 27, 2008 5:08pm
Quoting littlejohn
Thanks Bones,
My intention is not to offend anyone. I just want to point out to all the struggling traders that their struggles are only natural and with time, patience and hard work everybody could enjoy some success. Thanks for the kind words and keep up your honesty.
in that case mate i owe u an apology
we know not everything can be real especially wen people were long all the time suddenly come out with 500 pips in one day from a sudden 100 pip short. there is a lot of bullshit but i believe its better off in another thread.
anyway GOD knows Im struggling its been only a month of live trading and sometimes it feels like im having anxiety attacks LOL.

tc mate
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,705
  • Mar 27, 2008 5:31pm Mar 27, 2008 5:31pm
What i believe will should happen is price should find suppost on 61.8 green fbb...also support from ema...also fupport from 38.2 strong fibb...price should bounce upward...


Attached Image (click to enlarge)
Click to Enlarge Name: 111.GIF Size: 41 KB


Any question on the chart let me know...
I would wait to get a brake on white counter fibb entering a postion long...
  • #59,706
  • Mar 27, 2008 5:36pm Mar 27, 2008 5:36pm
Quoting jets211990
What i believe will should happen is price should find suppost on 61.8 green fbb...also support from ema...also fupport from 38.2 strong fibb...price should bounce upward...


Attachment

Any question on the chart let me know...
I would wait to get a brake on white counter fibb entering a postion long...
thats cool jets
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,707
  • Mar 27, 2008 5:45pm Mar 27, 2008 5:45pm
Quoting tomaz55
guys i think we are at a very important cross road, i just went SHORT at 2.0085

my target is 1.9850 with 60pip stop

i've been at this for a long time, and i see the tecnicals lined up. its one of those occasions where for me trading is easy, or either i'm stopped out or hopefully i get +235, point is i wont be staring at the screen every 5mins..

gl to all

I wanted 2.0085 opened FXCM and the first sell blip happened, and stupid spread so wussed it, already hit my 45 target though so careful check EU going higher.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,708
  • Mar 27, 2008 5:49pm Mar 27, 2008 5:49pm
Quoting Bones
thats cool jets

Thanks dude...hows your trading going...?
  • #59,709
  • Mar 27, 2008 5:55pm Mar 27, 2008 5:55pm
Quoting jets211990
Thanks dude...hows your trading going...?
You know I like your analyses and really can’t believe your age!
Well I will tell you about my trading tomorrow I think.
Right now I feel a bit of a tit,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,710
  • Mar 27, 2008 5:58pm Mar 27, 2008 5:58pm
Just looking at my chart to see if we had clues to pass the time and there have been many.
Attached Image (click to enlarge)
Click to Enlarge Name: hhhh.gif Size: 50 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,711
  • Mar 27, 2008 6:06pm Mar 27, 2008 6:06pm
Quoting Bones
Just looking at my chart to see if we had clues to pass the time and there have been many.

Bud thanks...you have alot of stuff in your chart that intense ...lol....Bobokus has helped me improved my fibb strategy over the past days...
I posted a trade here last night...and i got suspended...but know iam back...i made 60 pips on it yesterday entering long...
  • #59,712
  • Mar 27, 2008 6:23pm Mar 27, 2008 6:23pm
Quoting Moe
come out fraud....im to ashame
Ummm to what does this refer????
Darkness lies one inch ahead..
  • #59,713
  • Edited 6:44pm Mar 27, 2008 6:26pm | Edited 6:44pm
Quoting AmeriTrini
wave 4 seems to be complete, wave 5 is expected to start soon and is going down down down!!
It did drop (spike then retrace), but so far it's been a reversal of yesterday (dip then retrace), so basically oscillating around ~20050 for the past 2 days - a hammer, then a hanging man (daily candles) - waiting for something, maybe the current account in about 10 hr
Darkness lies one inch ahead..
  • #59,714
  • Mar 27, 2008 6:27pm Mar 27, 2008 6:27pm
Quoting Abuawad
my bad :. but i think you know i use only 4H and 1H chart for trading during the day
Your interpretation of this would be appreciated - what are we looking at?
Darkness lies one inch ahead..
  • #59,715
  • Edited 6:41pm Mar 27, 2008 6:30pm | Edited 6:41pm
Quoting zones
This article is by Tim Morge.It might shed some light on the origins of Fib numbers.
I wonder who has ever bothered to play with the sequence for themselves?

If u haven't, see Fibs.xls attached for a bit of fun and enlightenment
Attached File(s)
File Type: xls Fibs.xls   19 KB | 451 downloads
Darkness lies one inch ahead..
  • #59,716
  • Mar 27, 2008 6:34pm Mar 27, 2008 6:34pm
Trading perfect to my own crazy system all week, the Fund Managers are using my system no doubt to trade from, bet they stop next week when I'm hopefully around.

The basis of my system was leached from a Fund Manager, although for a different market taken me awhile to adapt, and they flip in and out of using the basics of it anyways ie sometimes my system kills me intentionally!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,717
  • Mar 27, 2008 6:34pm Mar 27, 2008 6:34pm
Quoting Abuawad
i'll post it later by the end of March in other format.
this one is for view only... 0 loss
Abuawad

You should post a screen shot of your forex trading account - showing times, entries, SL TP etc. to put any who doubt to rest

I'd post mine but it's too embarassing...
Darkness lies one inch ahead..
  • #59,718
  • Mar 27, 2008 6:36pm Mar 27, 2008 6:36pm
FXCM just quotes a -0.3 spread on EU just
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,719
  • Edited 8:30pm Mar 27, 2008 6:37pm | Edited 8:30pm
Quoting littlejohn
Absolutely nothing personal meant and nothing personal taken. I was speaking to a trader friend of mine from a big trading desk in London and he told me no one makes money day in day out. He said think about it, if some one made this amount of money on consistent basis how long before they are the richest person on earth...
Yeah, even at 20 pips/day $10/pip and a $10k account, you have $1M in a couple years. It grows exponentially.

With many traders, it's the ol' trader's 2-step: 1-step forward, 1-step (if you're lucky) back - I speak for myself
Darkness lies one inch ahead..
  • #59,720
  • Mar 27, 2008 6:43pm Mar 27, 2008 6:43pm
Quoting littlejohn
Sorry old chap....now i will say it quite bluntly...this is bullshit...no one can make 85% per month on consistent basis. Even frigging G Soros takes losses and i think he knows a thing or two about trading.
85% per month. You remind me of a cross between Arthur Daley and Delboy.
He said he takes 85% of his profit and puts it intohis savings account... not "make 85% profit".
Trade the reaction, not the news!
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