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Cable Update (GBPUSD)

  • #60,461
  • Apr 4, 2008 8:34am Apr 4, 2008 8:34am
Quoting Abuawad
hi,
out of the subject. how can help me with MQL programming, any book or refrance please

http://book.mql4.com/

try this one perhaps
Trading is 80% Emotional, 20% Technical
  • #60,462
  • Apr 4, 2008 8:34am Apr 4, 2008 8:34am
re those posts above and for those struggling, it's all about confluence...looking for the highest probability trading opportunities and waiting for them with patience and dsicipline. The confluence of technical conditions shown by your indicators at support/resistance confirmed by price action, within the overall context of trend.

Patience and discipline is key, as is hard work and screen time, but i agree, none of this guarantees success, although it is required.
ex member
  • #60,463
  • Apr 4, 2008 8:36am Apr 4, 2008 8:36am
Quoting fx local
take some time out and improve yor self esteem, key is do someting postive, when youre in a slump try to be patient and wait for a trade that you feel very confident about and keep size very small.

your goal should not be to make money but rahte rto get confidence back by making correct decisions,

good luck mate
thanks man...i am at least keeping it small...but yes im definately suffereing from trading blues right now ...i entered a short already despite saying sell at a dip...i didnt wait...
4 hr is bearish, daily has a massive upward shadow. 1hr bearish as well as 30 minute so if it doesnt go down...and hits SP 2.0048 with 0.1 lot .im out for the day ..
  • #60,464
  • Apr 4, 2008 8:37am Apr 4, 2008 8:37am
Quoting Abuawad
hi,
out of the subject. how can help me with MQL programming, any book or refrance please
try this site
i think it might help
http://www.mqlservice.com/
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,465
  • Apr 4, 2008 8:44am Apr 4, 2008 8:44am
Quoting Abuawad
hi,
out of the subject. how can help me with MQL programming, any book or refrance please
Abuawad

I have a course in PDF, about 4 MB. If you PM me an e-mail I will send it to you

cheers
Darkness lies one inch ahead..
  • #60,466
  • Apr 4, 2008 9:03am Apr 4, 2008 9:03am
at least it looks like direction is down..i was a bit worried as on 1 hr chart we had a bullish candle confirming a bounce up but it failed to close above 1.9963 so direction hopefully will continue down

Its a pity it i learn more as i make mistakes but at learn im learning ...lol
  • #60,467
  • Apr 4, 2008 9:04am Apr 4, 2008 9:04am
I'll go short once 4H closed below 1.9938.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #60,468
  • Apr 4, 2008 9:11am Apr 4, 2008 9:11am
finishing for day/week here, have a good w/e all.
ex member
  • #60,469
  • Apr 4, 2008 9:14am Apr 4, 2008 9:14am
so now FED will cut the rates of 50bp?
  • #60,470
  • Apr 4, 2008 9:37am Apr 4, 2008 9:37am
Quoting bbmac
finishing for day/week here, have a good w/e all.

have a good weekend bro ...i cant wait ..
  • #60,471
  • Apr 4, 2008 9:51am Apr 4, 2008 9:51am
Quoting nAVIN2007
have a good weekend bro ...i cant wait ..
Me too...
see you gentelmen next Monday
  • #60,472
  • Apr 4, 2008 10:03am Apr 4, 2008 10:03am
Quoting fx local
take some time out and improve yor self esteem, key is do someting postive, when youre in a slump try to be patient and wait for a trade that you feel very confident about and keep size very small.

your goal should not be to make money but rahte rto get confidence back by making correct decisions,

good luck mate

This is Alqaz Syed. I am also one of the traders who are in deep trouble. I also want to away from the computer for a while and you said very right "Your goal should not be to make money but rather to get confidence back ..." I am in Forex for 7 Months and I still not have confidence developed.

Just a quick question for all of you. I don't want to tell that how much loss I got when market turned down even after the worse than expected news of unemployment change and unemployment rate. Any way I bought 3 lots in one of my mini account at 2.0021 and currently it didn't even reach above than 1.9970. I put a limit of 2.0080 and I got frustrated and exit my account. In My standard account I bought 1 lot at 2.0027 thinking that it would take an upward direction after the news but again I got frustrated and put a limit of 2.0100 and exit out the account.
I bought one lot in two mini accounts each at 1.9950 and 1.9972 and put limits at 2.0080 and 2.0100.
Actually Sir I got very frustrated because I lost $3130 this morning as it turned down even with the worse news of USD.

Any way my question is would you think that market will take an upward direction in Asia on Sunday evening and during the rest of the hours of today which I think we still have 5 hours.

Please reply me, thank you very much.
Alqaz Syed from TX, USA.
[email protected] If you want to email me please feel free to email me and give me some advices as well.
  • #60,473
  • Apr 4, 2008 10:07am Apr 4, 2008 10:07am
Quoting Abuawad
hi,
out of the subject. how can help me with MQL programming, any book or refrance please

You can read all kind off C/C++ basic programming..
Its basically C language.
  • #60,474
  • Apr 4, 2008 10:18am Apr 4, 2008 10:18am
Quoting Abuawad
i don't know what is the issue in the time settings closing of 4 h candle is the same in all servers let me say its +3 GMT if you want to know that
I got it.Thank you for your help~~
  • #60,475
  • Apr 4, 2008 10:29am Apr 4, 2008 10:29am
Hi Friend,

A word of advice, I didn't trade KBL until I was in the market for 2 years. It doesn't move like the rest. Go with an easier pair to gain confidence. A couple that I have in mind are EUR/USD or even better EUR/JPY, this cross is the most consistant of them all, and it trends regularly in the short term. This is just my advice.

Jim


Quoting asyed4
This is Alqaz Syed. I am also one of the traders who are in deep trouble. I also want to away from the computer for a while and you said very right "Your goal should not be to make money but rather to get confidence back ..." I am in Forex for 7 Months and I still not have confidence developed.

Just a quick question for all of you. I don't want to tell that how much loss I got when market turned down even after the worse than expected news of unemployment change and unemployment rate. Any way I bought 3 lots in one of my mini account at 2.0021 and currently it didn't even reach above than 1.9970. I put a limit of 2.0080 and I got frustrated and exit my account. In My standard account I bought 1 lot at 2.0027 thinking that it would take an upward direction after the news but again I got frustrated and put a limit of 2.0100 and exit out the account.
I bought one lot in two mini accounts each at 1.9950 and 1.9972 and put limits at 2.0080 and 2.0100.
Actually Sir I got very frustrated because I lost $3130 this morning as it turned down even with the worse news of USD.

Any way my question is would you think that market will take an upward direction in Asia on Sunday evening and during the rest of the hours of today which I think we still have 5 hours.

Please reply me, thank you very much.
Alqaz Syed from TX, USA.
[email protected] If you want to email me please feel free to email me and give me some advices as well.
  • #60,476
  • Apr 4, 2008 10:51am Apr 4, 2008 10:51am
Good Weekend

cable rebound from 23.6 fibo line @ weekly chart @ 1.9761 and today test 38.2 fibo line @ 2.0025 ... which was for good position to short

if cable close today above 38.2 fibo line 2.0025 ... next week we will test 50.0 fibo line @ 2.0242

if cable close below 38.2 fibo line 2.0025 ... next week we will test 23.6 fibo line @ 1.9761

Have a nice weekend
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  • #60,477
  • Apr 4, 2008 11:12am Apr 4, 2008 11:12am
" Before anything decide your TP & SL"


Nice Quote, i will add , if you can not decide tp at least t be sure for SL.
  • #60,478
  • Apr 4, 2008 11:46am Apr 4, 2008 11:46am
On the subject of news and the affect of it on price I would say
If you look over the last couple of days it looks as though the bad news was already priced in. So basically we had a strong move in the direction of the expected news so could not expect much more.

When you look at the 4hr chart,
it is clear that the main down trend line was respected today , to the pip. So on the 4 hr we are in an immediate up channel within a much larger down.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #60,479
  • Apr 4, 2008 11:48am Apr 4, 2008 11:48am
Quoting deboooo2005
Good Weekend

cable rebound from 23.6 fibo line @ weekly chart @ 1.9761 and today test 38.2 fibo line @ 2.0025 ... which was for good position to short

if cable close today above 38.2 fibo line 2.0025 ... next week we will test 50.0 fibo line @ 2.0242

if cable close below 38.2 fibo line 2.0025 ... next week we will test 23.6 fibo line @ 1.9761

Have a nice weekend
Thanks Debooo2005, nice quote with reference. I will keep an eye on it. Have a nice weekend to you too. You mean exactly at 20025 I mean if suppose it closes above 2.000 then could it follow 50.0 fiboline ?
  • #60,480
  • Apr 4, 2008 11:49am Apr 4, 2008 11:49am
Quoting onlooker
" Before anything decide your TP & SL"


Nice Quote, i will add , if you can not decide tp at least t be sure for SL.

its just view of the market ... i dont give any signals ... i hope you understand me
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