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Cable Update (GBPUSD)

  • #65,841
  • May 14, 2008 4:49am May 14, 2008 4:49am
Quoting manize
Navin you should do something !
Navin doesn't listen....When you try to offer constructive criticism he answers that he has 80% hit rate !
The quality of your life is brought about by the quality of your thinking.
  • #65,842
  • May 14, 2008 4:51am May 14, 2008 4:51am
Quoting fxdoc
I anticipate another wave down to 1.9360/1.9335 before UP.
Getting close to touch down, I think.....

But i could be wrong !
  • #65,843
  • May 14, 2008 4:52am May 14, 2008 4:52am
Quoting scyang
This is too rough for my style. What can ppl do? Get out and turn around and short?
People should have planned before, people should have looked at getting out when the same reason for getting in appeared. People should decide on what their SL is and trade a set % of their equity based on that.

People should take responsability for their mistakes and accept them as part of trading.
The quality of your life is brought about by the quality of your thinking.
  • #65,844
  • May 14, 2008 4:52am May 14, 2008 4:52am
Quoting hard1head1
If you downloaded the template I offered and kept your stop behind the smoothy you would still be in taking profit and could be trading this triangle.

Jim
Dear Hard1head1,pls im a newbie trying to learn from professionals like you on this forum. can you pls repost the template for the GBPUSD or send it to my mail [email protected], so I can download it pls.Thanks for your anticipated helpwoleadu
  • #65,845
  • May 14, 2008 4:53am May 14, 2008 4:53am
Opened a tiny position @ 1.9384 having learned my lesson earlier. This is 100 pips lower than my last buy yesterday... let's see if I can make this an ATM trip of sorts.
  • #65,846
  • May 14, 2008 4:55am May 14, 2008 4:55am
Quoting woleadu
Dear Hard1head1,pls im a newbie trying to learn from professionals like you on this forum. can you pls repost the template for the GBPUSD or send it to my mail [email protected], so I can download it pls.Thanks for your anticipated helpwoleadu

You can find it here on this link, its post number 64027.

http://www.forexfactory.com/showthre...0378&page=4269

Shashi.
"The trend is your friend, until the end."
  • #65,847
  • May 14, 2008 5:03am May 14, 2008 5:03am
Quoting hornet
People should have planned before, people should have looked at getting out when the same reason for getting in appeared. People should decide on what their SL is and trade a set % of their equity based on that.

People should take responsability for their mistakes and accept them as part of trading.
No dispute there, but easier said than done. After all, professional analysts who have been in this business for 10-15 years still don't get it right every time.
Expected the unexpected
  • #65,848
  • May 14, 2008 5:03am May 14, 2008 5:03am
Quoting scyang
I hope you are sure it will blast downward if you are calling people to get out at a loss. Don't mean it in a negative way. I just know some people are losing some serious money here. This is too rough for my style. What can ppl do? Get out and turn around and short?
I totally agree with you scyang..am not really poster....if you have a big fall in mind....then show the analysis dont just make calls on trendlines.....and 4hr charts....candle openings...It is the close that means more....also...Hornet regarding your comment of managing risk etc....I dont think navin is asking you to teach him risk management....He is a good trader..as he has been through the patience phase of paper trading...unlike a lot of traders...Please dont criticize as when a trader is in loss...this is the last thing he wants to hear.....
Regarding hedgin that is not the right thing to do ...when you are already 120 points down...Patience is the key here....
My views are of a bonunce from the 340 zone to 380 zone....
I hope it all goes well for you Navin...Will post my analysis..in a bit ...
Good Luck...to you

Also good luck hornet and scyang..(Very well said)
  • #65,849
  • May 14, 2008 5:04am May 14, 2008 5:04am
Hi Rav, Just have spotted you on the thread, a nice bounce from the 9370 support, it might also be a delta low, if so a reasonable upwards potentials. Cable is in the ITD count area for a low point, on previous occasions that 9370 support has been revisited several times. Lets see what will happen this time.
Best wishes and many good trades,
2be
Make sure losses are small and profits are bigger!
  • #65,850
  • May 14, 2008 5:06am May 14, 2008 5:06am
Quoting hornet
Navin doesn't listen....When you try to offer constructive criticism he answers that he has 80% hit rate !
i wish i never typed that ..all gone wrong since then ...

thx for yur concern but i really think right now is 50% either way ..im trusting my trade ...if i exit now it will be stupid cause this could well be a turning point and how sick will i feel then ..

but all yur points are noted and i know what ever yur saying is true and i must take it into account and learn from this..i wont ever buy or sell against trend now ...expensive lesson
  • #65,851
  • May 14, 2008 5:06am May 14, 2008 5:06am
Quoting scyang
No dispute there, but easier said than done. After all, professional analysts who have been in this business for 10-15 years still don't get it right every time.
Not easier said than done, it must be done. Every time you enter the trade, you MUST know what your SL is. You MUST know how many lots you want to trade based on that. You MUST have a plan. You MUST have rules and be disciplined, you'll never make it otherwise.
The quality of your life is brought about by the quality of your thinking.
  • #65,852
  • May 14, 2008 5:07am May 14, 2008 5:07am
I know MM is very important, but some times, for one reason or another, it just doesn't work out. If you are floating big time and don't want to cut the loss, just been patient. I am speaking from experience, trust me. I am not an experienced chartist by any means. I am just beginning to learn. But I have learned some lessons the hard way. At this point, if your account can withstand some falls, just hang on.
Expected the unexpected
  • #65,853
  • May 14, 2008 5:11am May 14, 2008 5:11am
Relax, its just starting a nice wave, I believe.
  • #65,854
  • May 14, 2008 5:11am May 14, 2008 5:11am
Quoting rav700
Hornet, Please dont criticize as when a trader is in loss...this is the last thing he wants to hear.....
1. If you read properly, you will realise I was not criticizing with my previous comment.

2. When I offered my criticism it was Monday and I waited for him to exit his long. Once it was all settled I told him what I thought.

Next time, before you jump on conversations that do not concern you (or don't know the full story) think first.
The quality of your life is brought about by the quality of your thinking.
  • #65,855
  • May 14, 2008 5:11am May 14, 2008 5:11am
Quoting 2be
Hi Rav, Just have spotted you on the thread, a nice bounce from the 9370 support, it might also be a delta low, if so a reasonable upwards potentials. Cable is in the ITD count area for a low point, on previous occasions that 9370 support has been revisited several times. Lets see what will happen this time.
Best wishes and many good trades,
2be
Hey buddy,
How are you have not seen you sir for a long time....
logon to msn.....how's our trade 2 win boys doing.....
I want to see a test of the lows before I place any trade....I am pretty sure this low will be tested...Us cpi might just do the trick....
  • #65,856
  • May 14, 2008 5:12am May 14, 2008 5:12am
Quoting nAVIN2007
if i exit now it will be stupid cause this could well be a turning point and how sick will i feel then ..
this I agree on
The quality of your life is brought about by the quality of your thinking.
  • #65,857
  • May 14, 2008 5:13am May 14, 2008 5:13am
Quoting hornet
1. If you read properly, you will realise I was not criticizing with my previous comment.

2. When I offered my criticism it was Monday and I waited for him to exit his long. Once it was all settled I told him what I thought.

Next time, before you jump on conversations that do not concern you (or don't know the full story) think first.
Thanks Mr Trader.....
  • #65,858
  • May 14, 2008 5:14am May 14, 2008 5:14am
Template

Quoting woleadu
Dear Hard1head1,pls im a newbie trying to learn from professionals like you on this forum. can you pls repost the template for the GBPUSD or send it to my mail [email protected], so I can download it pls.Thanks for your anticipated helpwoleadu
Attached File(s)
File Type: tpl jims.tpl   8 KB | 359 downloads
  • #65,859
  • May 14, 2008 5:14am May 14, 2008 5:14am
Quoting rav700
Thanks Mr Trader.....
lol
The quality of your life is brought about by the quality of your thinking.
  • #65,860
  • May 14, 2008 5:15am May 14, 2008 5:15am
To get out, you can get back in and you loose only 4 Pips. I dont understand the problem here.

Quoting hornet
this I agree on
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