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Cable Update (GBPUSD)

  • #76,121
  • Jul 15, 2008 8:36am Jul 15, 2008 8:36am
What NEXT?

GBP will go higher to that was the maximum?
  • #76,122
  • Jul 15, 2008 8:39am Jul 15, 2008 8:39am
Quoting Infinity
You should always have a sl.....even if it is mental. You must analyse and see what level would make your original trade idea invalid. SL will ensure that you survive in this business. You must always limit your risk.

Bless
I agree to a certain extent. I trade in such a way that I have drawdown maximum. This also depends on how many positions I have open concurrently. Eg. If my max drawdown is 20% then when it reaches 10% I will look at options of scaling down. Been working for me so far.
  • #76,123
  • Jul 15, 2008 8:43am Jul 15, 2008 8:43am
Quoting sheraz
What NEXT?

GBP will go higher to that was the maximum?
comedy coming back to the thread! u dont have to know WHAT NEXT to make money! what u doing to do is the question and if aint got a plan dont do anything
Trading is 80% Emotional, 20% Technical
  • #76,124
  • Jul 15, 2008 8:44am Jul 15, 2008 8:44am
Quoting DJ4x
Hey Guys...... Hope you guys all caught some good pips from those longs. All those holding shorts (including me) WTF were u thinking? Need to get some retracement so that I can make up for my shorts that I am still holding. Happy trading


u just know im in that boat...
  • #76,125
  • Jul 15, 2008 8:47am Jul 15, 2008 8:47am
Quoting nAVIN2007
u just know im in that boat...
nAVIN..... Buddy. Trust us.
  • #76,126
  • Jul 15, 2008 8:48am Jul 15, 2008 8:48am
nice moves so far and I only made ten pips, feeling embarassed
  • #76,127
  • Jul 15, 2008 8:50am Jul 15, 2008 8:50am
Quoting DJ4x
nAVIN..... Buddy. Trust us.
what goes up must come back down right ..
  • #76,128
  • Jul 15, 2008 8:51am Jul 15, 2008 8:51am
Quoting tomasz
nice moves so far and I only made ten pips, feeling embarassed
No need. Better than losing.
  • #76,129
  • Jul 15, 2008 8:56am Jul 15, 2008 8:56am
Quote
No need. Better than losing.

True, my strategy does not work on those moves, always miss them even when watching, hope to have better luck next night.
  • #76,130
  • Jul 15, 2008 9:03am Jul 15, 2008 9:03am
NIce quick 30 pips off 15m 50ema...
Patience + Discipline - Greed = Success
  • #76,131
  • Jul 15, 2008 9:08am Jul 15, 2008 9:08am
Quoting nAVIN2007
what goes up must come back down right ..
  • #76,132
  • Jul 15, 2008 9:27am Jul 15, 2008 9:27am
right now who is long?...

doris says :

good morning to all traders:

GBP 15/7 7:48am current price is run at 1.9946,then it seem the price will goes up to 1.9975--1.9985 at 8:15--11:25am,then it will side way within the range 1.9952--1.9985 at 11:42--1:45pm,then it will goes up to 2.0025--2.0045/higher at 1:55--6:15pm,then we estimate the price will decline to 1.9845--1.9855 at 6:35--10:15pm.
  • #76,133
  • Jul 15, 2008 9:29am Jul 15, 2008 9:29am
Quoting nAVIN2007
right now who is long?...

I'm long for a longer than usual play (couple weeks maybe). Will add on dips. Thngs just looking too fugly right now for the dollar.
  • #76,134
  • Jul 15, 2008 9:33am Jul 15, 2008 9:33am
Quoting AllDayIrish
I'm long for a longer than usual play (couple weeks maybe). Will add on dips. Thngs just looking too fugly right now for the dollar.
what price did u buy at bro?
  • #76,135
  • Jul 15, 2008 9:40am Jul 15, 2008 9:40am
Quoting nAVIN2007
right now who is long?...

doris says :

good morning to all traders:

GBP 15/7 7:48am current price is run at 1.9946,then it seem the price will goes up to 1.9975--1.9985 at 8:15--11:25am,then it will side way within the range 1.9952--1.9985 at 11:42--1:45pm,then it will goes up to 2.0025--2.0045/higher at 1:55--6:15pm,then we estimate the price will decline to 1.9845--1.9855 at 6:35--10:15pm.
LOL...


Doris did not say 2.0150 did she.....lol Trade your charts bro....

I was long this morning and have gotten over 150 pips on long trades so far today...... I will long again at the next opportunity. I will wait until Frankfurt and London close to see what happens.....

A retracement is due soon however as most tf are ob...
Patience + Discipline - Greed = Success
  • #76,136
  • Jul 15, 2008 9:45am Jul 15, 2008 9:45am
Quoting nAVIN2007
what price did u buy at bro?

First buy for the long (non-flipping) was at 20063. A bit high but just a start of building a bigger position after hearing what Bernaki had to say. Will flip in secondary account as well though;-)
  • #76,137
  • Edited 10:08am Jul 15, 2008 9:45am | Edited 10:08am
http://www.lolpal.com/files/1gpxk8wr...onq0_thumb.gif

My chart is playing nicely
  • #76,138
  • Jul 15, 2008 9:47am Jul 15, 2008 9:47am
Quoting Infinity
LOL...


Doris did not say 2.0150 did she.....lol Trade your charts bro....

I was long this morning and have gotten over 150 pips on long trades so far today...... I will long again at the next opportunity. I will wait until Frankfurt and London close to see what happens.....

A retracement is due soon however as most tf are ob...
i never listen to her...i only posted for amusement..in this world we living in i rather lose money on my decision as appossed to other..i have very hard head...
  • #76,139
  • Jul 15, 2008 9:47am Jul 15, 2008 9:47am
Quoting nAVIN2007
i never listen to her...i only posted for amusement..in this world we living in i rather lose money on my decision as appossed to other..i have very hard head...
Patience + Discipline - Greed = Success
  • #76,140
  • Jul 15, 2008 9:50am Jul 15, 2008 9:50am
Quoting AllDayIrish
First buy for the long (non-flipping) was at 20063. A bit high but just a start of building a bigger position after hearing what Bernaki had to say. Will flip in secondary account as well though;-)
goodluck man
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