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Cable Update (GBPUSD)

  • #75,041
  • Jul 8, 2008 10:10am Jul 8, 2008 10:10am
Nice profits, GOT to take risks and when the trade looks really good bet the house, pussy footing around isn't going to get you anywhere so keep it up, atleast with big Lots your learning to trade and get over your fear!!

You can always add more money and go for attempt 5 right

Get this cracked and the few K's or what ever your down, will seem like absolutely nothing, so it's worth the risk.


Not liking this action
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,042
  • Jul 8, 2008 10:18am Jul 8, 2008 10:18am
The current trend is down, but cable has to clear the strong weekly mid-pivot @1.9701, coinsiding with the daily mid-pivot @1.9703.

If broken, the next level is 1.9661/62 (weekly/daily S1)
"Luxury is one of the basic needs", (c), Don Corleone
  • #75,043
  • Jul 8, 2008 10:18am Jul 8, 2008 10:18am
Held my long and watched those 100 pips this morning vanish, now I am seriously long and patient. Price Action, PA, I need a PA.
Money & Pain Respect the market, protect your capital, be patient
  • #75,044
  • Jul 8, 2008 10:21am Jul 8, 2008 10:21am
Quoting Turveyd
Nice profits, GOT to take risks and when the trade looks really good bet the house, pussy footing around isn't going to get you anywhere so keep it up, atleast with big Lots your learning to trade and get over your fear!!

You can always add more money and go for attempt 5 right

Get this cracked and the few K's or what ever your down, will seem like absolutely nothing, so it's worth the risk.


Not liking this action
You are right, but the fear is very big, because I lost some accounts and don't want to lose this one too. But that feeling, when market is moving in the right direction and just few pips made the huge amount of $, it's very strong too. The question is what is stronger?

X
-- There's no winner without lose --
  • #75,045
  • Jul 8, 2008 10:22am Jul 8, 2008 10:22am
Quoting toyboy tramp
Held my long and watched those 100 pips this morning vanish, now I am seriously long and patient. Price Action, PA, I need a PA.

Don't look at the euro going for new lows, the 1 time I decide to stick it out it reverses on me, typical and not boosting my hold it longer confidence levels

Dratttssss comes to mind!!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,046
  • Jul 8, 2008 10:23am Jul 8, 2008 10:23am
Bingo!
1.9662 +3 pips is my next target

Adding shorts if retrace to 1.9701 happens
"Luxury is one of the basic needs", (c), Don Corleone
  • #75,047
  • Jul 8, 2008 10:27am Jul 8, 2008 10:27am
But she is standing now...

It looks like she is going back upwards. Is this possible? I can't believe that
-- There's no winner without lose --
  • #75,048
  • Jul 8, 2008 10:27am Jul 8, 2008 10:27am
Quoting JamesCZ
You are right, but the fear is very big, because I lost some accounts and don't want to lose this one too. But that feeling, when market is moving in the right direction and just few pips made the huge amount of $, it's very strong too. The question is what is stronger?

X

The fear is most of the problem, fear of selling too early, fear of selling out at a loss to watch it go up again, fear fear fear.

Crack the Fear and your 75% there.

If you learn, when to go in small and when to go in big and when in big your bigs win what else does it matter.

$200 account swing there, buy and hold SUCKS, I'd of been getting my longs back on here to Arrgghhhhhhhh
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,049
  • Jul 8, 2008 10:30am Jul 8, 2008 10:30am
Quoting Turveyd
Don't look at the euro going for new lows, the 1 time I decide to stick it out it reverses on me, typical and not boosting my hold it longer confidence levels

Dratttssss comes to mind!!!!
A stern reminder to lock profits, look in the mirror, say "You're an idiot!", and watch yourself do it again, ariston, and on
Money & Pain Respect the market, protect your capital, be patient
  • #75,050
  • Jul 8, 2008 10:32am Jul 8, 2008 10:32am
Good morning world it is another bright day in Washington State and I am buying quality shares by the truckload. They say it will still go down another billion percent but i will still make 30% average on these blighters in the next 2 years you see

Biggest gainer today - RYANAIR UK !!!! a little U.K. airline !

U.S. is seriously stuffed so GBP long looks possible soon, but only range trading folks - so no big pipology moves for me right now
  • #75,051
  • Jul 8, 2008 10:35am Jul 8, 2008 10:35am
Quoting allserene
Good morning world it is another bright day in Washington State and I am buying quality shares by the truckload.
Going against the trend, eh? :-)
"Luxury is one of the basic needs", (c), Don Corleone
  • #75,052
  • Jul 8, 2008 10:44am Jul 8, 2008 10:44am
Quoting DJ4x
Hey Moe... cool pics.

Holding longs 1.9713 and 1.9769....
We need some action on this cable.
Happy trading guys
Still holding those longs. As I went long the #^&#^ shorts! Long at 1.9723 TP 1.9766. You in at 1.9769 whats your TP?
  • #75,053
  • Jul 8, 2008 10:44am Jul 8, 2008 10:44am
Quoting toyboy tramp
A stern reminder to lock profits, look in the mirror, say "You're an idiot!", and watch yourself do it again, ariston, and on
Ironic really, I normally Bail way to early, like I did on both trades before today, typically this one bites me on my metal arse

Life hey!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,054
  • Jul 8, 2008 10:51am Jul 8, 2008 10:51am
Quoting toyboy tramp
A stern reminder to lock profits, look in the mirror, say "You're an idiot!", and watch yourself do it again, ariston, and on

Got it knew there was something missing.

I normally just go with the classic, I'm ugly, everyone hates me and I'm going to fail so smile you smuck, must add I'm a idiot into it for sure
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,055
  • Jul 8, 2008 10:51am Jul 8, 2008 10:51am
Quoting Firstboss
Going against the trend, eh? :-)
Yep you can do it with enough of a time horizon

I am looking at 2 to 3 years from now so I can relax

Most of the stuff I buy has an s&p rating of 5 star strong buy with a price projected 50% above its present level in 1 year's time. I don't necessarily believe that but it's reassuring, and a 30% average over 2 years will be fine.

Been here before and seen 20% market losses turned into 40% gains within 12 months

Obama reckons credit cards are the next biggy to crunch

Go to any airport in the world and see the writhing mass of people pushing to get on planes at any price and it doesn't square with 'all the airlines are going bust' - when I see deserted airports looking like Bradford, Yorkshire on a wet Sunday morning in November I will believe the industry is disappearing - until then I use my eyes and say nope I am buying some Boeing shares
  • #75,056
  • Jul 8, 2008 10:57am Jul 8, 2008 10:57am
Quoting allserene
Yep you can do it with enough of a time horizon

I am looking at 2 to 3 years from now so I can relax

Most of the stuff I buy has an s&p rating of 5 star strong buy with a price projected 50% above its present level in 1 year's time. I don't necessarily believe that but it's reassuring, and a 30% average over 2 years will be fine.

Been here before and seen 20% market losses turned into 40% gains within 12 months

Obama reckons credit cards are the next biggy to crunch

Go to any airport in the world and see the writhing mass of people pushing to get on planes at any price and it doesn't square with 'all the airlines are going bust' - when I see deserted airports looking like Bradford, Yorkshire on a wet Sunday morning in November I will believe the industry is disappearing - until then I use my eyes and say nope I am buying some Boeing shares

Time will tell on Boeing but any luxury item ie air travel is going to suffer, but no doubt you'll just buy more as it drops.

Credit Cards in the UK are already being crunched, Barclays said NO MORE and reduced my once 9K spare limit to £100 spare to protect themselves, thanks

Which blows my holiday
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,057
  • Jul 8, 2008 10:59am Jul 8, 2008 10:59am
I'm calling a bottom, arse, these longs are going to last the week eh, triple interest yah
Money & Pain Respect the market, protect your capital, be patient
  • #75,058
  • Jul 8, 2008 11:08am Jul 8, 2008 11:08am
Quoting toyboy tramp
I'm calling a bottom, arse, these longs are going to last the week eh, triple interest yah
Okay your banned from calling any more bottoms
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75,059
  • Jul 8, 2008 11:11am Jul 8, 2008 11:11am
Quoting toyboy tramp
I'm calling a bottom, arse, these longs are going to last the week eh, triple interest yah
Longs for the week - very well may be so... But the immediate target in the current downtrend is 1.9662 + 3 pips.
Since we are in the ranging mode you will have an opportunity to close any longs as well
"Luxury is one of the basic needs", (c), Don Corleone
  • #75,060
  • Jul 8, 2008 11:12am Jul 8, 2008 11:12am
1.9900 for the close easy LOL !!!!!

Just got to break the strong 45min downtrend, then 90min, 3hour, 6hour and 24hour which is all down, then easy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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