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Cable Update (GBPUSD)

  • #82,901
  • Aug 18, 2008 9:23pm Aug 18, 2008 9:23pm
Quoting malcolmb14
Another one of those 100 % guys ...... why is it that 90 % of forex traders fail and there is always some genius that says they make 100%, 80% is very believeable with strict discipline , but 100% ... come on. They would have no time to post in here , as they could make millions in one year and never have to trade again .

The ones that say they make 100% are typically the ones that are losing the most.
Actually, if you go to his website, check his profile, he has a months worth of trades posted in there, and he does have some losses in there.
Take what you can... Give nothin back.
  • #82,902
  • Aug 18, 2008 9:24pm Aug 18, 2008 9:24pm
Do we all have our shorts on tonight?

If you don't yet, there will be another opportunity later. I see a flair up to 1.866x area or even higher. I don't want to see it at 1.873x. Key areas I watching on going down: 1.858x and 1.852x.

No one has ever commented on why I finish a price using 'x'. In case anyone is wondering I'll let you know. I found a couple of years ago that by letting go of the last #, it helps me focus on the key price levels instead of chasing pips. I do have a mental number that I like 'x' to be, but I don't make my trading decisions solely on this number. I like charts, S/R, price levels and time of the market. I'm not a fundamental trader, I can't handle the stress/emotion that I find comes with the news and world events. I have a business outside of trading, a wife and two kids. This is enough for my emotions. I do consider trading to be a business. There are losses and their are gains. I don't gain all the time. I do keep an 80% win percentage and I'm very pleased with that. I trade standard lots from 1 to 8 and I have traded with 10, but I'm not comfortable with that many.

Now I sould like I'm on my soap box, so I will step off now.

Good luck trading tonight everyone!
Just digging in the trenches like everyone else!
  • #82,903
  • Aug 18, 2008 10:32pm Aug 18, 2008 10:32pm
Quoting Maverick537
Actually, if you go to his website, check his profile, he has a months worth of trades posted in there, and he does have some losses in there.
I smell some neat little soliciting going on here....
Patience + Discipline - Greed = Success
  • #82,904
  • Aug 18, 2008 10:40pm Aug 18, 2008 10:40pm
Quoting Infinity
I smell some neat little soliciting going on here....
Just pointing out that he does have losses, I had to question his no losses in the signiture block myself.
Take what you can... Give nothin back.
  • #82,905
  • Aug 18, 2008 11:53pm Aug 18, 2008 11:53pm
this is my chart setup for today..

http://usera.imagecave.com/ammal07/gbpusd/guh11908.gif
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #82,906
  • Aug 19, 2008 12:57am Aug 19, 2008 12:57am
Im short 1,8655 t/p 1,8550

down down down
  • #82,907
  • Aug 19, 2008 12:58am Aug 19, 2008 12:58am
There she goes again...
  • #82,908
  • Aug 19, 2008 1:06am Aug 19, 2008 1:06am
Quoting tomasz
I did so good last night and got too greedy, gave it all back plus during day. No more of those mistakes for me or so I hope
lol tell me about it
When life gives you lemons, make lemonade
  • #82,909
  • Aug 19, 2008 1:21am Aug 19, 2008 1:21am
good morning micho
Keep It Simple Stupid
  • #82,910
  • Aug 19, 2008 1:26am Aug 19, 2008 1:26am
hey micho hows u
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,911
  • Aug 19, 2008 1:27am Aug 19, 2008 1:27am
Quoting eohater
Do we all have our shorts on tonight?

If you don't yet, there will be another opportunity later. I see a flair up to 1.866x area or even higher. I don't want to see it at 1.873x. Key areas I watching on going down: 1.858x and 1.852x. .....
I do hope some people profited from this tonight! I have!
Just digging in the trenches like everyone else!
  • #82,912
  • Aug 19, 2008 1:32am Aug 19, 2008 1:32am
Anyone long yet?
Just digging in the trenches like everyone else!
  • #82,913
  • Aug 19, 2008 1:33am Aug 19, 2008 1:33am
Is 1.8550 the resistance level? I closed my short.
  • #82,914
  • Aug 19, 2008 1:34am Aug 19, 2008 1:34am
hehe good trade..
Short Closed 1,8548 +107pips

Down Stop. Up....
  • #82,915
  • Aug 19, 2008 1:36am Aug 19, 2008 1:36am
Quoting Optimum
hehe good trade..
Short Closed 1,8548 +107pips

Down Stop. Up....
Good job!
Just digging in the trenches like everyone else!
  • #82,916
  • Aug 19, 2008 1:37am Aug 19, 2008 1:37am
Quoting eohater
Anyone long yet?
Gone long.
Keep It Simple Stupid
  • #82,917
  • Aug 19, 2008 1:38am Aug 19, 2008 1:38am
what u recon on the way up to 1.86xx
  • #82,918
  • Aug 19, 2008 1:41am Aug 19, 2008 1:41am
Quoting truthy
Is 1.8550 the resistance level? I closed my short.
It's a profit taking level. She's touched 1.8541 and 1.8540 in the last half hour. It could very well turn long. An entry now with SL around 1.8500 targeting 1.862x would probably be a good trade.

Good close on your short position I hope!
Just digging in the trenches like everyone else!
  • #82,919
  • Aug 19, 2008 1:42am Aug 19, 2008 1:42am
Quoting eohater
Anyone long yet?

gone long
  • #82,920
  • Aug 19, 2008 1:43am Aug 19, 2008 1:43am
Quoting Alastair
Gone long.
I haven't yet, but my shorts are closed. This is something I always question myself on. If I'm going to close out a profitable position, why not open an opposite position?
Just digging in the trenches like everyone else!
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