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Cable Update (GBPUSD)

  • #70,121
  • Jun 11, 2008 9:21am Jun 11, 2008 9:21am
Quoting karateman69
Went long with the majority at 1.9510 when the news came out stopped and reversed we have seen this numerous times and someone mentioned the other week how uk data can come out badly and it actually strengthens the pound.Its uncanny you just cant trade the news like you used to too many underlying factors these days.
Anyhow im still in on the long and awaiting to bail out at 1.9760 strong resistance should be found there

keep counting those pips guys
dont look at it like this ....use the chart and think...from a ecomical point of view why should a major support break.. testing is one thing breaking is a another..Uk would have to be in a lot bigger mess for that to happen ...

there were a ton of buyers at the support best place to buy.. and going up to possible 2.03 (my view) every week Uk in shit as well as US......just think yoyo buy and sell at key areas
  • #70,122
  • Jun 11, 2008 9:25am Jun 11, 2008 9:25am
Being a newbie myself its taken me a lot more than $200 to actually get to grips with entering trades at the right time there are so many factors to consider it will probably cost him a lot more than the initial $200 but keep battling away it will come.Do what suits you best it has taken me an age to look for the right signals and when or not to enter into trades and out of them for that matter.

But never ever give up you just have to keep learning by those initial mistakes and as long as you can keep topping your account up within 18 months you should be at a stage where you will start clawing those initial losses back maybe earlier

never give up though because it does work PATIENCE is a very key word for me and its probably the hardest thing to learn but keep with it

all the best dean
  • #70,123
  • Jun 11, 2008 9:25am Jun 11, 2008 9:25am
150 pips in 6 hours.......
Keep Learning and you'll get what you want...
  • #70,124
  • Jun 11, 2008 9:27am Jun 11, 2008 9:27am
Quoting Bones
Well Done Nav you kept your nerve.
Its not easy being down on pips really I should know.

Lets hope the news dose what it says on the tin! ,lol
definately ....i dont fear the market now ...at least cable, i think thats the first step....im gonna get sacked thou...lol
  • #70,125
  • Jun 11, 2008 9:27am Jun 11, 2008 9:27am
Quoting MasAdhi
150 pips in 6 hours.......
If I Go Broke Trying Then I Will die happy.
  • #70,126
  • Jun 11, 2008 9:29am Jun 11, 2008 9:29am
  •  Trader#0000
  • | Status: Unregistered Trader
i only got 117 today.... lousy 4hr chart...
  • #70,127
  • Jun 11, 2008 9:32am Jun 11, 2008 9:32am
Quoting macK
i only got 117 today.... lousy 4hr chart...
, there's more to come
If I Go Broke Trying Then I Will die happy.
  • #70,128
  • Jun 11, 2008 9:34am Jun 11, 2008 9:34am
i took another 100k off the table for 130 pips, now down to 200k lot,
If I Go Broke Trying Then I Will die happy.
  • #70,129
  • Jun 11, 2008 9:36am Jun 11, 2008 9:36am
only 40 pips ....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,130
  • Jun 11, 2008 9:36am Jun 11, 2008 9:36am
ok, you guys you might not see me around after tommorow, so i wish all of you pips and keep blowing that account up as in making pips , thanks for the good times, i have fun around here.
If I Go Broke Trying Then I Will die happy.
  • #70,131
  • Jun 11, 2008 9:40am Jun 11, 2008 9:40am
Quoting Moe
ok you guys might not see me around after tommorow, so i wish all of you pips and keep blowing that account up as in making pips , thanks for the good times, i have fun around here.
Hey Moe,
All the best......retirement or sabbatical, whichever been fun following your posts. Have a large tequila for me.

p.s. Trust you will be able to keep trading and adding pips to the pipometer...
  • #70,132
  • Jun 11, 2008 9:40am Jun 11, 2008 9:40am
Quoting Moe
ok, you guys you might not see me around after tommorow, so i wish all of you pips and keep blowing that account up as in making pips , thanks for the good times, i have fun around here.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,133
  • Jun 11, 2008 9:41am Jun 11, 2008 9:41am
Quoting nAVIN2007
yes absolutely nobody should be discouraged...that 200$ might make him a 50,000....theres always exceptions to everything

if i never got help from bones,bbmac fxlocal, moe, baz to name a few and others that post id have lost all my account and then some..not to say i still might .....lol

i think this is the first rally i been involved with..feels good huh?
I 3rd or more it to, 3years back I had people telling me not to bother as I didn't have 50K and I won't be trading in 6months, 3years on still trading and I bet most of them have lost there 50K's
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,134
  • Jun 11, 2008 9:43am Jun 11, 2008 9:43am
Quoting Moe
ok, you guys you might not see me around after tommorow, so i wish all of you pips and keep blowing that account up as in making pips , thanks for the good times, i have fun around here.
Made enough to take a few years off today hey tis the dream, enjoy!!

Shame though, your actually a good trader, so few around!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,135
  • Jun 11, 2008 9:43am Jun 11, 2008 9:43am
i exited 2 positions...added a short hammer inverted on weeky pivot...will likely go towards 1.9600 area
  • #70,136
  • Jun 11, 2008 9:44am Jun 11, 2008 9:44am
Quoting Moe
ok, you guys you might not see me around after tommorow, so i wish all of you pips and keep blowing that account up as in making pips , thanks for the good times, i have fun around here.
why bro, where the f#$k are you going?, plz stay!!!

  • #70,137
  • Jun 11, 2008 9:44am Jun 11, 2008 9:44am
Hi abu what is your prediction about the cable?

is it still going to north / south?
Keep Learning and you'll get what you want...
  • #70,138
  • Jun 11, 2008 9:45am Jun 11, 2008 9:45am
Quoting fxswing


I second that, you're 100% right.

If you don't want to help, that's ok, but just don't post negative comments, that will not help new traders...
Hey guys, are you really aware, what are you doing here to that man?

He is intending to start with 200 bucks and 1:300 leverage and if you are real traders and not just jokers then you must admit, that such a setting would be a financial suicide for anyone! So what is your help? To tell him go on? Oh dear! My words may not be polite as they should be, but at least I am openly telling that 1:300 at $200 simply does not work! Just a little of basic math will tell you what would be allowable drawdown.

With your encouragment the guy will simply loose his most probably hard earned 200 bucks. That's all.
  • #70,139
  • Jun 11, 2008 9:46am Jun 11, 2008 9:46am
Quoting fxswing
My target is 1.9670, I'm in long from 1.9525.

For this scenario to work, cable have first to take 1.9580 back. Failure to take it back would be a warning sign of more down to come.

Let's see how that unfolds...
Ka-ching at 1.9652 for +127,not liking action near my target

Looks like the week is probably over for me.

See you later...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD061120082.gif Size: 41 KB
Getting it right is NOT as important as not getting it wrong.
  • #70,140
  • Jun 11, 2008 9:50am Jun 11, 2008 9:50am
Quoting JanPoko
With your encouragment the guy will simply loose his most probably hard earned 200 bucks. That's all.
With what's worth the dollar (), it's really more funny money than anything. No big deal.
Not like if this trader told us he would trade with 20-30K with 1:300 leverage, the story then, would be different...
Getting it right is NOT as important as not getting it wrong.
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