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Cable Update (GBPUSD)

  • #70,401
  • Jun 12, 2008 5:13am Jun 12, 2008 5:13am
Quoting nAVIN2007
i bought again ..stupid buy but i know the direction of cable....im going to trade like i do on demo no different.....i was profitable, doing what im doing seems to work....so i shall stick to it...

if i blow my account thats life, cant do anything about but learn...
hey guys hows trading, Nav man u need to cut ur losses short! tough rule to follow but found it crucial to account building.

gud luck and happy trading

Gurps
Trading is 80% Emotional, 20% Technical
  • #70,402
  • Jun 12, 2008 5:13am Jun 12, 2008 5:13am
Quoting Moe
there's one thing i do know, this mf kicks out pips day after day month after month year after year , oh yeah can't forget the condo in bahamas
ok back to bed.
If I Go Broke Trying Then I Will die happy.
  • #70,403
  • Jun 12, 2008 5:14am Jun 12, 2008 5:14am
Quoting Moe
there's one thing i do know, this mf kicks out pips day after day month after month year after year , oh yeah can't forget the condo in bahamas
Getting it right is NOT as important as not getting it wrong.
  • #70,404
  • Jun 12, 2008 5:14am Jun 12, 2008 5:14am
Quoting fxswing
Don't forget the Irish Lisbon EU referendum taking place today...
It's normal to see eurusd and gbpusd being weaker, the last time when the French and Dutch voted no in 2005, it sent these 2 currencies spiraling down into chaos.

So don't be too surprised to see it happen another time, if the "No" wins...
i knew absolutely nothing about that
thnx for telling us

were can we find the final answer and when???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,405
  • Jun 12, 2008 5:15am Jun 12, 2008 5:15am
Quoting laposta74
Navin, when i was learning candlestick patterns, i was told hammers need confirmations. so i think another candle is needed to confirm the bullish set up probably a morning star formation or evenning star depending on the initial trend.
yeah actually the hammer wasnt great the body was to small..it should have been more bullish ..but it fell at support, along with s level and wekly pivot

it was a fair chance of going up...
  • #70,406
  • Jun 12, 2008 5:16am Jun 12, 2008 5:16am
15 minute now has a doji .....

now we have to wait and see....
im expecting a big rejection here..
  • #70,407
  • Jun 12, 2008 5:20am Jun 12, 2008 5:20am
Quoting salah k.
i knew absolutely nothing about that
thnx for telling us

were can we find the final answer and when???
It probably just started. Anybody knows how it's going? I heard that polls show that most people will vote yes.
Expected the unexpected
  • #70,408
  • Jun 12, 2008 5:20am Jun 12, 2008 5:20am
Quoting salah k.
i hope ur right but still 0.3 lot on a 1000$ account is too much

but good luck and watch out dollar is getting much strength from the recent drop in oil.

no man im account £2000 now was 3k

this is approx $4000 or was
  • #70,409
  • Jun 12, 2008 5:20am Jun 12, 2008 5:20am
Quoting nAVIN2007
15 minute now has a doji .....

now we have to wait and see....
im expecting a big rejection here..

dont take any candle pattern if it dont come on a S/R level or bottom/ top of trend
  • #70,410
  • Jun 12, 2008 5:21am Jun 12, 2008 5:21am
Quoting nAVIN2007
yeah actually the hammer wasnt great the body was to small..it should have been more bullish ..but it fell at support, along with s level and wekly pivot

it was a fair chance of going up...
the thing with candlestick patterns is that they need confimation, ie that hammer u traded off was not a good signal by itself, it needed confimation of bottom by the next candle closing higher than the hammer. the fact that it was never confirmed was ur signal to cut the loss after next candle actually closed lower. If it was on higher timeframe ie 4hour would of been better signal.
Trading is 80% Emotional, 20% Technical
  • #70,411
  • Jun 12, 2008 5:22am Jun 12, 2008 5:22am
Quoting Moe
ok back to bed.
Wise option. I read your thread about the other side of a tradder life. Don't smoke and drink too much and ....... censored ... No good for healthy !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,412
  • Jun 12, 2008 5:22am Jun 12, 2008 5:22am
Quoting salah k.
i knew absolutely nothing about that
thnx for telling us were can we find the final answer and when???
Polls will be closed at 17:00 pm US EST - Results will probably take some time, they will probably be known during the night...

If it's "no", then this will probably throw political chaos in Europe, like the last time...

More informations: http://www.ireland.com/
Getting it right is NOT as important as not getting it wrong.
  • #70,413
  • Jun 12, 2008 5:24am Jun 12, 2008 5:24am
Keep Learning and you'll get what you want...
  • #70,414
  • Jun 12, 2008 5:25am Jun 12, 2008 5:25am
Quoting fx local
the thing with candlestick patterns is that they need confimation, ie that hammer u traded off was not a good signal by itself, it needed confimation of bottom by the next candle closing higher than the hammer. the fact that it was never confirmed was ur signal to cut the loss after next candle actually closed lower. If it was on higher timeframe ie 4hour would of been better signal.
yeah that is true... messed up there big time
  • #70,415
  • Jun 12, 2008 5:27am Jun 12, 2008 5:27am
Quoting nAVIN2007
15 minute now has a doji .....

now we have to wait and see....
im expecting a big rejection here..
NAvin, sorry for bothering you. av bin following ur posts for avery long time. one thing av also learnt about candle patterns is that on pattern on one timeframe might be cancelled by one on another. e.g. an inverted hammer on 15mins (uptrend) towards the end of a four hour candle might end up becoming a bullish engulfing on the 4H chart. so which way do you go....
up or down?.. u have to trade of one timeframe and only use larger timeframes to confirm the safety of such trades. never look to the lower ones. its just like being on d 5th floor of a buillding. will someone on the 10th floor not see you better than somone on the ground floor?
  • #70,416
  • Jun 12, 2008 5:28am Jun 12, 2008 5:28am
Quoting MasAdhi
Ono opo mas ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,417
  • Jun 12, 2008 5:28am Jun 12, 2008 5:28am
lol... excellent!

[quote=nAVIN2007;2051484]salah .....
  • #70,418
  • Jun 12, 2008 5:29am Jun 12, 2008 5:29am
Quoting scyang
It probably just started. Anybody knows how it's going? I heard that polls show that most people will vote yes.
It's hard to say.
But what's for sure is that the easiest path for people is to vote "No", due to the complex nature of the Lisbon treaty, and reluctance to change.

Now we'll see how it unfolds, but watch your positions tonight...
Getting it right is NOT as important as not getting it wrong.
  • #70,419
  • Jun 12, 2008 5:29am Jun 12, 2008 5:29am
Good time to pick a bottom?
  • #70,420
  • Jun 12, 2008 5:30am Jun 12, 2008 5:30am
Quoting nAVIN2007
yeah that is true... messed up there big time
dont worry bro stick 2 ur plan i guess..
Trading is 80% Emotional, 20% Technical
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