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Cable Update (GBPUSD)

  • #63,801
  • May 1, 2008 10:58am May 1, 2008 10:58am
If cables follows this channel we could still see 1.9600-1.9550?
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  • #63,802
  • May 1, 2008 11:01am May 1, 2008 11:01am
I'm still holding longs....... It usually settles down in the evenings (US afternoon session). Will probably hold until tomorrow.
  • #63,803
  • May 1, 2008 11:02am May 1, 2008 11:02am
Quoting micho
well i am not sure guys but i think that some of you play without stop loss... not sure how safe is that
Very STUPID and I keep promissing myself I'll not do it again. Then I put S/L at -30 and maket turns at -35 or-42 then I think S/L why next thing I am -234pip. I have been lucky market moved back down. From now -40 S/L ALWAYS.
  • #63,804
  • May 1, 2008 11:06am May 1, 2008 11:06am
Quoting micho
well i am not sure guys but i think that some of you play without stop loss... not sure how safe is that
I trade without stop losses, BUT I must stress that I trade with such small positions that if it should go neg 500 pips it will only be 5% of my equity. (That not such a big deal)
  • #63,805
  • May 1, 2008 11:06am May 1, 2008 11:06am
Quoting nAVIN2007
at least yur strong enough to hold position, i keep wussing it even when the position is winning..im either very unlucky or just plain stupid..
NO!, you are a rookie!!! time will make you strong, and time doesnt stop. Keep at it!!

  • #63,806
  • May 1, 2008 11:08am May 1, 2008 11:08am
Quoting nAVIN2007
at least yur strong enough to hold position, i keep wussing it even when the position is winning..im either very unlucky or just plain stupid..
U just need to trust your trade nAVIN
  • #63,807
  • May 1, 2008 11:11am May 1, 2008 11:11am
Quoting Runway Trade
Very STUPID and I keep promissing myself I'll not do it again. Then I put S/L at -30 and maket turns at -35 or-42 then I think S/L why next thing I am -234pip. I have been lucky market moved back down. From now -40 S/L ALWAYS.
i never play without stop loss... not after blowing 2 accounts
but you should rely on a strong res/sup to set it as s/l
thats the challenge
When life gives you lemons, make lemonade
  • #63,808
  • May 1, 2008 11:13am May 1, 2008 11:13am
Quoting Runway Trade
Very STUPID and I keep promissing myself I'll not do it again. Then I put S/L at -30 and maket turns at -35 or-42 then I think S/L why next thing I am -234pip. I have been lucky market moved back down. From now -40 S/L ALWAYS.

my policy is never to have a fixed SL for all pairs and all trades...it varies according to the pair and the trend...for eg., if u r convinced that u have taken a trade in the direction of the trend, then u can afford to have a bigger sl..
  • #63,809
  • May 1, 2008 11:31am May 1, 2008 11:31am
looks like they may be another chance for this ...this is shaping up into a pin on 4 hr ..morning star configuration...might be heading up if pin confirms...and this time i aint wussing it for sh*t..
  • #63,810
  • May 1, 2008 11:47am May 1, 2008 11:47am
I'm becoming a no stop trader, I open a trade with a reason and only close the trade when that reason isn't valid, but I will stress when in a trade I don't leave my screen CLOSE button is near and I don't let trades run against me at all really.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,811
  • May 1, 2008 11:49am May 1, 2008 11:49am
Quoting Turveyd
I'm becoming a no stop trader, I open a trade with a reason and only close the trade when that reason isn't valid, but I will stress when in a trade I don't leave my screen CLOSE button is near and I don't let trades run against me at all really.

there a long coming dont wuss it !!!
  • #63,812
  • May 1, 2008 11:55am May 1, 2008 11:55am
Quoting Turveyd
I'm becoming a no stop trader, I open a trade with a reason and only close the trade when that reason isn't valid, but I will stress when in a trade I don't leave my screen CLOSE button is near and I don't let trades run against me at all really.
You don't really give it a chance. You are making it difficult if you are not in the right direction immediately...
  • #63,813
  • May 1, 2008 11:59am May 1, 2008 11:59am
3 minutes for a pin to form ....the one in this picturte might be one already ..taken a bit early...oops forgot 1 hr more ...

but if it form like the one in picture that be a result ..
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  • #63,814
  • May 1, 2008 12:00pm May 1, 2008 12:00pm
Quoting DJ4x
You don't really give it a chance. You are making it difficult if you are not in the right direction immediately...
Well I should never open a trade where the short term direction is against me in the first place, so the second the direction turns against me I'm outta there.

IF I stick to the above plan, then I'll do just fine, sticking to it different matter.

Broke 1.9720 I see but only briefly, support always breaks once to take out the tight stops.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,815
  • May 1, 2008 12:14pm May 1, 2008 12:14pm
Quoting Turveyd
Well I should never open a trade where the short term direction is against me in the first place, so the second the direction turns against me I'm outta there.

IF I stick to the above plan, then I'll do just fine, sticking to it different matter.

Broke 1.9720 I see but only briefly, support always breaks once to take out the tight stops.
dilli most of the guys in here if not maybe all running on a 10 pip SL would never make money ..right now i using 30 pips SL to get 7 pips....LOL ( JUST KIDDING OR AM I ?)
  • #63,816
  • May 1, 2008 12:35pm May 1, 2008 12:35pm
Quoting nAVIN2007
dilli most of the guys in here if not maybe all running on a 10 pip SL would never make money ..right now i using 30 pips SL to get 7 pips....LOL ( JUST KIDDING OR AM I ?)
Why I'm not really using a stop to be honest I want out before my 13pip stop hits if the market turns against me anyway!!

I've had runs of 9 trades in a row without my 13SL being hit!!


And don't call my Dilli, I'm DilliwiththebigWillie to my friends
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,817
  • May 1, 2008 12:39pm May 1, 2008 12:39pm
Quoting Turveyd
Why I'm not really using a stop to be honest I want out before my 13pip stop hits if the market turns against me anyway!!

I've had runs of 9 trades in a row without my 13SL being hit!!


And don't call my Dilli, I'm DilliwiththebigWillie to my friends
  • #63,818
  • May 1, 2008 12:42pm May 1, 2008 12:42pm
Strange thats the exact reaction the woman have while calling it me!!!


Take profit yet ???
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,819
  • May 1, 2008 12:45pm May 1, 2008 12:45pm
nope not yet still negative
  • #63,820
  • May 1, 2008 12:48pm May 1, 2008 12:48pm
I keep doing that time shift thing its a nightmare.
Im not sure that would be a great pin even if its printed Nav as the nose dosent stick out.
There is deffenatly buying pressure there.


Quoting nAVIN2007
3 minutes for a pin to form ....the one in this picturte might be one already ..taken a bit early...oops forgot 1 hr more ...

but if it form like the one in picture that be a result ..
Attached Image (click to enlarge)
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