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Cable Update (GBPUSD)

  • #74,081
  • Jul 2, 2008 5:53am Jul 2, 2008 5:53am
Quoting Calulated Risk
I gather your trading an account in the millions and not using charts!
what size positions do you put on?
What determines your exit point?
How often do you place a trade?
you ask to many questions, trade and be happy.
If I Go Broke Trying Then I Will die happy.
  • #74,082
  • Jul 2, 2008 5:55am Jul 2, 2008 5:55am
Quoting Moe
ok, Calulated Risk since you open your mouth any idea where this pair is going and are you long or short?
, .. never mind, im going to breakfast be back later
If I Go Broke Trying Then I Will die happy.
  • #74,083
  • Jul 2, 2008 5:57am Jul 2, 2008 5:57am
Quoting Moe
you ask to many questions, trade and be happy.
  • #74,084
  • Jul 2, 2008 5:58am Jul 2, 2008 5:58am
now watch this thing fly up!! knowing my luck
  • #74,085
  • Jul 2, 2008 6:01am Jul 2, 2008 6:01am
breasticles
  • #74,086
  • Jul 2, 2008 6:04am Jul 2, 2008 6:04am
Hi All,

Can anyone please say what the outcome of the ADP would be (better or worse than expected)? I heard on Bloomberg that the number was high last time due to students registering for summer work. Could it be that this month the outcome should be better than expected?
  • #74,087
  • Jul 2, 2008 6:08am Jul 2, 2008 6:08am
Quoting ehsan
Hi All,

Can anyone please say what the outcome of the ADP would be (better or worse than expected)? I heard on Bloomberg that the number was high last time due to students registering for summer work. Could it be that this month the outcome should be better than expected?

better to stay out during news.....
May the pips be with me !!!
  • #74,088
  • Jul 2, 2008 6:11am Jul 2, 2008 6:11am
Quoting nAVIN2007
now watch this thing fly up!! knowing my luck

I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #74,089
  • Edited 6:29am Jul 2, 2008 6:14am | Edited 6:29am
Hmmm ... I close - 4 pips from 1.9855, coz I am rather late to entry, too rsiky if I hold. The other reason is, no touched yet even one of support line on my chart. If goes down becarefull with support line on 1.9813. But count me wrong !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #74,090
  • Jul 2, 2008 6:21am Jul 2, 2008 6:21am
Hi Guys


According to PFXGlobal
ADP Nonfarm.... Expexcted = -20K
if figure is 0 K or more then = stronger USD
if figure is -35K or less then = weaker USD

Happy trading people...
btw Nav... This is turning out to be a great trade so far.
  • #74,091
  • Jul 2, 2008 6:31am Jul 2, 2008 6:31am
Quoting DJ4x
Hi Guys


According to PFXGlobal
ADP Nonfarm.... Expexcted = -20K
if figure is 0 K or more then = stronger USD
if figure is -35K or less then = weaker USD

Happy trading people...
btw Nav... This is turning out to be a great trade so far.
yeah bro ...there was always this chance, i been looking out for this opportunity for weeks just when we get to the top, things change and we start questioning ourselves ...hopefully it will tank and i think we have every chance of it happening.

we retraced at golden ratio that the sort of pattern needed to break the bottom ...never know bro ....we could be holding some serious positions here
  • #74,092
  • Jul 2, 2008 6:44am Jul 2, 2008 6:44am
What Is The Golden Ratio Could Any One Tell Me
  • #74,093
  • Jul 2, 2008 6:45am Jul 2, 2008 6:45am
Quoting Moe
ok, Calulated Risk since you open your mouth any idea where this pair is going and are you long or short?


Moe,
I hope I've not offended you with my curiosity, I don't mean to pry. My apologies if I have.
My approach to Forums such as these is that they can serve as an informative resource for many all the traders out there trying to make an honest living in what in reality is a very difficult game. Difficult, because over 90% of all currency traders lose their shirt in the first 6 months. the few percent that really do make money here are those who have mastered the 2 most important aspects of trading - their emotions and good money management.

to answer you're question, my long-term view on Cable is SHORT. Therefore my trading rules dictate that I only enter short positions. I may only place 2 trades a week per currency, but at least this way I give myself the freedom to be away from the screen for extended periods and live a life outside the market.

I've been in this game over a decade, read a lot of fantastic story's from other traders and wiped my account out twice. I've learned many painful lessons and as a result have created hard and fast rules that allow me to have a life - unlike that famous picture of someone’s trading room where the toilet acts as his desk chair.

Have a good day
The Market can Remain Irrational Longer than You can Remain Liquid
  • #74,094
  • Jul 2, 2008 6:50am Jul 2, 2008 6:50am
Quoting young trader
What Is The Golden Ratio Could Any One Tell Me

61.8

guys have a look at the 1hr chart...u guys reckon that a head n shoulder there.....if it is neckline broke already ...maybe another 150 pips down
  • #74,095
  • Jul 2, 2008 6:52am Jul 2, 2008 6:52am
Quoting Calulated Risk

Moe,
I hope I've not offended you with my curiosity, I don't mean to pry. My apologies if I have.
My approach to Forums such as these is that they can serve as an informative resource for many all the traders out there trying to make an honest living in what in reality is a very difficult game. Difficult, because over 90% of all currency traders lose their shirt in the first 6 months. the few percent that really do make money here are those who have mastered the 2 most important aspects of trading - their emotions and good money management.

to answer you're question, my long-term view on Cable is SHORT. Therefore my trading rules dictate that I only enter short positions. I may only place 2 trades a week per currency, but at least this way I give myself the freedom to be away from the screen for extended periods and live a life outside the market.

I've been in this game over a decade, read a lot of fantastic story's from other traders and wiped my account out twice. I've learned many painful lessons and as a result have created hard and fast rules that allow me to have a life - unlike that famous picture of someone’s trading room where the toilet acts as his desk chair.

Have a good day
how long did it take you to write that? LOL
  • #74,096
  • Jul 2, 2008 6:52am Jul 2, 2008 6:52am
Quoting Calulated Risk

Moe,
I hope I've not offended you with my curiosity, I don't mean to pry. My apologies if I have.
My approach to Forums such as these is that they can serve as an informative resource for many all the traders out there trying to make an honest living in what in reality is a very difficult game. Difficult, because over 90% of all currency traders lose their shirt in the first 6 months. the few percent that really do make money here are those who have mastered the 2 most important aspects of trading - their emotions and good money management.

to answer you're question, my long-term view on Cable is SHORT. Therefore my trading rules dictate that I only enter short positions. I may only place 2 trades a week per currency, but at least this way I give myself the freedom to be away from the screen for extended periods and live a life outside the market.

I've been in this game over a decade, read a lot of fantastic story's from other traders and wiped my account out twice. I've learned many painful lessons and as a result have created hard and fast rules that allow me to have a life - unlike that famous picture of someone’s trading room where the toilet acts as his desk chair.

Have a good day
If I Go Broke Trying Then I Will die happy.
  • #74,097
  • Jul 2, 2008 6:54am Jul 2, 2008 6:54am
Quoting Tulip
how long did it take you to write that? LOL
to damn long, i waited about an hour
If I Go Broke Trying Then I Will die happy.
  • #74,098
  • Jul 2, 2008 6:56am Jul 2, 2008 6:56am
Quoting Moe

i second that ...
  • #74,099
  • Jul 2, 2008 6:56am Jul 2, 2008 6:56am
cable beat me up this week guys, lost all profit i made on sunday yesterday, if this short don't work out im going into hiding
If I Go Broke Trying Then I Will die happy.
  • #74,100
  • Jul 2, 2008 6:57am Jul 2, 2008 6:57am
Quoting Tulip
how long did it take you to write that? LOL
As I said, I get to spend extended periods away from the screen
The Market can Remain Irrational Longer than You can Remain Liquid
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