Cable Update (GBPUSD) | Page 3849 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #76,961
  • Jul 23, 2008 2:15am Jul 23, 2008 2:15am
Good morning peoples. It looks like I wasn't the only one that had a stupid attack yesterday. I went to sleep repeating, "The system works if you work it" after my -50 pip disaster yesterday that could have been +150. But its all good. We all get checked every now and then.
Don't Get Bitter, Get Better
  • #76,962
  • Jul 23, 2008 2:17am Jul 23, 2008 2:17am
Quoting adrianebn
how u manage to get around this micho?
after blowing 2 accounts before... i was really pissed and i kept testing until i got one uncommon strategy which gave me stable results. so i guess i have a way around it but i cant share it because the market will change it the strategy spreads. but you gotta have hope, there are strategies that work no matter how the market changes during the years.
When life gives you lemons, make lemonade
  • #76,963
  • Jul 23, 2008 2:18am Jul 23, 2008 2:18am
Quoting NuB
Good morning peoples. It looks like I wasn't the only one that had a stupid attack yesterday. I went to sleep repeating, "The system works if you work it" after my -50 pip disaster yesterday that could have been +150. But its all good. We all get checked every now and then.
well -50 is not that bad... you gotta accept the losses as well
When life gives you lemons, make lemonade
  • #76,964
  • Jul 23, 2008 2:27am Jul 23, 2008 2:27am
Quoting micho
well -50 is not that bad... you gotta accept the losses as well
That was after I fought to come back. When I use my system 100% I never have a negative day. I may not hit my target everyday (50-100) but I still leave the table with something.
Don't Get Bitter, Get Better
  • #76,965
  • Jul 23, 2008 2:29am Jul 23, 2008 2:29am
Quoting NuB
That was after I fought to come back. When I use my system 100% I never have a negative day. I may not hit my target everyday (50-100) but I still leave the table with something.
Anyway today is a new day and I'm ready to fight. The pimp hand is ready
Don't Get Bitter, Get Better
  • #76,966
  • Jul 23, 2008 2:30am Jul 23, 2008 2:30am
hmm, i'm thinking we are heading down abit more - 1.9685 ( I pray haha)

Quote
is to gamble without stop losses with money management

There is a time to trade with out S/Ls but not very often and even at that you should have a worse case situation S/L (i use 200 pips as my fail safe).

Learn your currency pair and you'll recognise those times i.e the cable short @ 2.0106. Even if if continues up to 3 eventually, it will retrace more than a few times for sure. This also comes down to how you trade, mine might be as short as a 1/2 day or as long as a week or two.

Cheers and happy trading
  • #76,967
  • Jul 23, 2008 2:30am Jul 23, 2008 2:30am
any ideas on wich way it is going to break?
Keep It Simple Stupid
  • #76,968
  • Jul 23, 2008 2:30am Jul 23, 2008 2:30am
Yesterday cable finally closed below the 200sma (1.9952 / purple line), with a nice bearish engulfing candle, confirming shorts from 2.0006. Target is 1.9650.

Bears have to get the 1.9647 to change the daily swing trend.

Bad signal for the bulls, they managed to push and close above the 200sma, and couldn't hold it more than a few days...

Bulls have to regain 200sma and close back above it, and then get a new high above 2.0158 to confirm the current bullish swing trend...

Notice how 1.9903 is the 50% retracement of the 2.0158 / 1.9947 swing, this could serve as a guide to gauge direction.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD072320081.gif Size: 14 KB
Getting it right is NOT as important as not getting it wrong.
  • #76,969
  • Jul 23, 2008 2:39am Jul 23, 2008 2:39am
Quoting NuB
That was after I fought to come back. When I use my system 100% I never have a negative day. I may not hit my target everyday (50-100) but I still leave the table with something.
Cool, in my system sometimes I get negative days and even a negative month but the drawdown and averages are okay
When life gives you lemons, make lemonade
  • #76,970
  • Jul 23, 2008 2:46am Jul 23, 2008 2:46am
Quoting micho
Cool, in my system sometimes I get negative days and even a negative month but the drawdown and averages are okay
Well shear yours system with all of us
  • #76,971
  • Jul 23, 2008 2:48am Jul 23, 2008 2:48am
Just entered long again........ lets see. Happy trading all
  • #76,972
  • Jul 23, 2008 2:52am Jul 23, 2008 2:52am
Quoting Abuawad
Well shear yours system with all of us
ma tez3al bass ma fine la2an mafi wala shared system that worked. once its shared it will stop working
When life gives you lemons, make lemonade
  • #76,973
  • Jul 23, 2008 2:57am Jul 23, 2008 2:57am
Quote
ma tez3al bass ma fine la2an mafi wala shared system that worked. once its shared it will stop working

Thats a myth i believe, 100 different ppl using the same strategy will all come up with different results. A strategy is merely a guide to go by, the decisions you make are what make or lose your money.
  • #76,974
  • Jul 23, 2008 3:01am Jul 23, 2008 3:01am
Quoting Cdawg
Thats a myth i believe, 100 different ppl using the same strategy will all come up with different results. A strategy is merely a guide to go by, the decisions you make are what make or lose your money.
ah no, i dont make decisions... the EA does it
When life gives you lemons, make lemonade
  • #76,975
  • Jul 23, 2008 3:05am Jul 23, 2008 3:05am
Quoting micho
ah no, i dont make decisions... the EA does it
LOL
Don't Get Bitter, Get Better
  • #76,976
  • Jul 23, 2008 3:06am Jul 23, 2008 3:06am
Is there a chat room the folks here hang out at outside of this thread?
  • #76,977
  • Jul 23, 2008 3:08am Jul 23, 2008 3:08am
Quote
ah no, i dont make decisions... the EA does it

haha, well that is good
  • #76,978
  • Jul 23, 2008 3:12am Jul 23, 2008 3:12am
if i make the decisions, i will lose

i am a nervous person and i chicken out quickly
When life gives you lemons, make lemonade
  • #76,979
  • Jul 23, 2008 3:15am Jul 23, 2008 3:15am
Quoting micho
if i make the decisions, i will lose

i am a nervous person and i chicken out quickly
saba7o abul meeeeech
u in any trades bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76,980
  • Jul 23, 2008 3:22am Jul 23, 2008 3:22am
Quoting salah k.
saba7o abul meeeeech
u in any trades bro
Afrikaans (Southern Africa) Goeie môre
Aklanon (Philippines) Mayad nga agahonArabic (Lebanon) Sabah el-khayr
Croatian (Croatia, Bosnia) Dobro jutro
English (America, Australia, UK) Good morning
French (Europe, Africa, Canada) Bonjour
German (Central Europe) Guten Morgen
Greek (Greece, Cyprus) Kalimera
Japanese (Japan) Ohayo
Russian (Russia) Dobroye utro
Swedish (Sweden, Finland) [formal] God morgon

lol is that enough??
When life gives you lemons, make lemonade
198 traders viewing now, 2 are registered:
,
munlee