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Cable Update (GBPUSD)

  • #64,821
  • May 8, 2008 9:15am May 8, 2008 9:15am
Quoting ForexRookie
You can always change its file extension to "JPG". Not really sure how to display it on a post, if you could explain i will try to.
see http://www.forexfactory.com/showpost...ostcount=64830
  • #64,822
  • May 8, 2008 9:19am May 8, 2008 9:19am
Quoting akirax
see http://www.forexfactory.com/showpost...ostcount=64830

Yes that is exactly the one i'm talking about.
"The trend is your friend, until the end."
  • #64,823
  • May 8, 2008 9:21am May 8, 2008 9:21am
Quoting allserene
whoops i did it again ! (quoting brittney after after a good curry)

about a year ago i stopped using stoplosses because i developed a paranoid delusion that 'they' were watching me and manipulating the market to hit my stoploss RIGHT BANG ON TO THE PIP before the market bounced to what I had predicted


Since then i have done ok and made progress but not spectacularly so

Yesterday I saw my paper losses increasing and lost my nerve and put stop losses on

What happened ? the market hit my stop loss exactly - right to the pip- again

As George w says -'fool me once, shame on you, fool me twice ..well..er..you shouldnt fool me twice ok '


I reckon stoplosses should be either tiny or non existent - 'disaster' stop losses are disastrous - they get triggered in a disaster then comes the inevitable bounce where you should really get out with medium losses

medium sized disasters are swallowable every blue moon but disaster sized stop losses are nasty and made worse by looking at the bounce afterwards


ok this is war !

Imperfect world with only imperfect solutions.

Thinking the same recently, stops = lots of regular losses normally at the worst price, but they do protect against huge swings so it'll likely come out about even but it'll be alot less frustrating.

I'm becoming a I'll exit if I'm on the wrong side quickly at best price I can see, or I'll let profits run, closing both manually.

They absolutely know where you'd of bought and where your stops will be and they absolutely do hunt for them, part of my system is looking for the stop hitting then buying, takes patience though,
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #64,824
  • May 8, 2008 9:24am May 8, 2008 9:24am
who trades with stop loss? lol
Attached Image (click to enlarge)
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  • #64,825
  • May 8, 2008 9:25am May 8, 2008 9:25am
Quoting nAVIN2007
we just had a massive spike 20 pips .up ...hopefully it werent a rejection
It was a bounce off the daily central pivot (1.9534)

There is no way it breaks the daily pivot (1.9590) - this will be a good place for shorts. Looks like it's stuck between these two levels for the afternoon
"Luxury is one of the basic needs", (c), Don Corleone
  • #64,826
  • May 8, 2008 9:27am May 8, 2008 9:27am
Quoting jest1081
who trades with stop loss? lol
Unfortunately there was no way anybody could've caught it and gone short with it. It was a ridiculous spike. Anybody knows why such things happen? Some big boys playing with the market?
Expected the unexpected
  • #64,827
  • May 8, 2008 9:28am May 8, 2008 9:28am
Quoting Tiger Hunter
Hunter tiger calls in buisness.

for subcribe for hunter tiger calls contact me for more details.
( only 50 members are allowed for this lounge)
[email protected]
guess who is going to be suspended
  • #64,828
  • May 8, 2008 9:28am May 8, 2008 9:28am
scyang,

its called stop sweep...high noted 603...poor lads, sitting ducks
  • #64,829
  • May 8, 2008 9:31am May 8, 2008 9:31am
Still waiting for my long. Opend a bottle of Merlo listing to Paul Potts:timeout: looking at these silly spikes. Debooo nearly ready to long........
  • #64,830
  • May 8, 2008 9:41am May 8, 2008 9:41am
Quoting Runway Trade
guess who is going to be suspended
may i ask you why?
  • #64,831
  • May 8, 2008 9:42am May 8, 2008 9:42am
Quoting Tiger Hunter
Hunter tiger calls in buisness.

for subcribe for hunter tiger calls contact me for more details.
( only 50 members are allowed for this lounge)
[email protected]
allah give you strength to follow the law and not advertise, you semi-literate plonker
  • #64,832
  • May 8, 2008 9:43am May 8, 2008 9:43am
My 2 cents (or should I say, 2 shillings - looks like GBP will ride down in the next 2 weeks

http://www.forexfactory.com/news.php...7p#post1991223
"Luxury is one of the basic needs", (c), Don Corleone
  • #64,833
  • May 8, 2008 9:43am May 8, 2008 9:43am
Quoting Firstboss
It was a bounce off the daily central pivot (1.9534)

There is no way it breaks the daily pivot (1.9590) - this will be a good place for shorts. Looks like it's stuck between these two levels for the afternoon

the daily pivot broke at at leat 4 times already today ...
  • #64,834
  • May 8, 2008 9:46am May 8, 2008 9:46am
Quoting nAVIN2007
the daily pivot broke at at leat 4 times already today ...
Agreed, but that happened during active market hours. Slow afternoons usually have things stuck between the major pivots
"Luxury is one of the basic needs", (c), Don Corleone
  • #64,835
  • May 8, 2008 9:48am May 8, 2008 9:48am
Quoting allserene
allah give you strength to follow the law and not advertise, you semi-literate plonker
This says it all
  • #64,836
  • May 8, 2008 9:50am May 8, 2008 9:50am
oke guys i was know nothing about this rules
  • #64,837
  • May 8, 2008 9:51am May 8, 2008 9:51am
Wedge again, Which why to break, NORTH UP CABLE UP
Attached Image (click to enlarge)
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  • #64,838
  • Edited 10:04am May 8, 2008 9:52am | Edited 10:04am
Quoting Firstboss
Agreed, but that happened during active market hours. Slow afternoons usually have things stuck between the major pivots

the reason why we sinking is because the 1 hr chart has -ve diverence and its playing out ...the true direction is up (im guesing here big time ) we just need to sit tight and and wait the the diverence to clear ..

i keep asking myself why are we sinking? ...and this is the story i come up with
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  • #64,839
  • May 8, 2008 10:00am May 8, 2008 10:00am
I am short @ 1.9565, adding more if it hits 1.9590. Take profit - 1.9540 Looks like it has a good chance of hitting both levels (daily pivot and daily central) before breaking out during the Asian session.
"Luxury is one of the basic needs", (c), Don Corleone
  • #64,840
  • May 8, 2008 10:00am May 8, 2008 10:00am
Originally Posted by allserene http://www.forexfactory.com/images/buttons/viewpost.gif

who is the plonker here who are you anyway, i never hear about you .
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