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Cable Update (GBPUSD)

  • #84,101
  • Aug 26, 2008 8:44am Aug 26, 2008 8:44am
But why oil moves from 112 to 117$ ??
Any news?
  • #84,102
  • Aug 26, 2008 8:47am Aug 26, 2008 8:47am
Quoting magictrader
But why oil moves from 112 to 117$ ??
Any news?
Oil rises as hurricane threatens Gulf
  • #84,103
  • Aug 26, 2008 8:52am Aug 26, 2008 8:52am
Thanks.
  • #84,104
  • Aug 26, 2008 9:08am Aug 26, 2008 9:08am
mixed us news
  • #84,105
  • Aug 26, 2008 9:26am Aug 26, 2008 9:26am
Do you also have it quite often: when you set your TP and when the price move towards it with nice impact and speed it usually stop this fast move few pips away from TP then it's consolidation which take some time and continuation or bounce. .
  • #84,106
  • Aug 26, 2008 9:27am Aug 26, 2008 9:27am
Quoting ddblue
Guys I refuse to look at the charts because I'm trying to reduce my stress levels, but I'm currently short GBP/USD and I'm getting antsy.
take a deep breath and relax bro....
  • #84,107
  • Aug 26, 2008 9:58am Aug 26, 2008 9:58am
this is turning into a very bad week..im losing the plot
  • #84,108
  • Aug 26, 2008 10:09am Aug 26, 2008 10:09am
Quoting nAVIN2007
this is turning into a very bad week..im losing the plot
It's frustrating!
Just digging in the trenches like everyone else!
  • #84,109
  • Aug 26, 2008 10:15am Aug 26, 2008 10:15am
Quoting sonicdeejay
Oil rises as hurricane threatens Gulf

I thought we were all trading oil but now we are trading hurricanes ?

The wing beat of a butterfly in Africa can start a hurricane - so perhaps we are all trading African butterflies aerobics ?

The truth is that this volatility is unpredictable and scalping is the game for me - I am not hanging onto any positions which move against me
  • #84,110
  • Aug 26, 2008 10:20am Aug 26, 2008 10:20am
Quoting nAVIN2007
this is turning into a very bad week..im losing the plot
Don't get frustrated my friend. If you find that things aren't going your way in consecutive trades, you should take a break from trading for a little while and come back fresh and open minded. I don't know your style but I think that if you trade higher timeframes with good money and risk management, you will have less stress. Don't base your trades on lower timeframes only, just use them to get a good entry. Based on some of your posts that I have read, I think you probably need to work on your entry and exit strategy. You are not far off, just have some more patience and analyse your mistakes. I know you will get it right bro.
Patience + Discipline - Greed = Success
  • #84,111
  • Aug 26, 2008 10:22am Aug 26, 2008 10:22am
Quoting allserene
I thought we were all trading oil but now we are trading hurricanes ?

The wing beat of a butterfly in Africa can start a hurricane - so perhaps we are all trading African butterflies aerobics ?

...
Just digging in the trenches like everyone else!
  • #84,112
  • Aug 26, 2008 10:29am Aug 26, 2008 10:29am
Well based on what I see so far today, We are still in an overall down trend but it looks like it is currently in ranging mode. 5 min did throw me a buy signal but there really is no clear direction at this point in time.
  • #84,113
  • Edited 10:46am Aug 26, 2008 10:34am | Edited 10:46am
Quoting Infinity
Don't get frustrated my friend. If you find that things aren't going your way in consecutive trades, you should take a break from trading for a little while and come back fresh and open minded. I don't know your style but I think that if you trade higher timeframes with good money and risk management, you will have less stress. Don't base your trades on lower timeframes only, just use them to get a good entry. Based on some of your posts that I have read, I think you probably need to work on your entry and exit strategy. You are not far off, just have some more patience and analyse your mistakes. I know you will get it right bro.
thanks man ...i exited the hedge and enter twice but the market totally got..its emotions that finishing me off...im running trades on USDX and placeing trades on the demo and they all in profit only my live ones are screwed..i have to much emotion..and this is where im falling apart..

anyways i exited the trade....have a fresh start..
  • #84,114
  • Aug 26, 2008 10:44am Aug 26, 2008 10:44am
Quoting nAVIN2007
thanks man ...i exited the hedge and enter twice but the market totally got..its emotions that finishing me off...im running trades on USDX and placeing trades on the demo and they all in profit only my live ones are screwed..i have to much emotion..and this is where im falling apart..
I don't like hedging as it is just standing still while incurring lots of spead costs

In cable they can be considerable

As long as euro and cable are moving in sync, I have both charts up on the screen and I decide on cable but trade euro for the tiny spread costs

They will diverge eventually when the emphasis is not purely on the dollar and when the european story develops
  • #84,115
  • Aug 26, 2008 10:47am Aug 26, 2008 10:47am
I starting to think I'll short this til the end of the year. Maybe go long at parity.
Just digging in the trenches like everyone else!
  • #84,116
  • Aug 26, 2008 10:55am Aug 26, 2008 10:55am
Quoting eohater
I starting to think I'll short this til the end of the year. Maybe go long at parity.
I saw 1.1000 ----- 20 some years ago which seems like yesterday
  • #84,117
  • Aug 26, 2008 10:56am Aug 26, 2008 10:56am
Quoting eohater
I starting to think I'll short this til the end of the year. Maybe go long at parity.
i lose even when i short...
  • #84,118
  • Aug 26, 2008 10:58am Aug 26, 2008 10:58am
Quoting nAVIN2007
i lose even when i short...
Shit! We've got to get you back in the profit so your not stressing over your capital.
Just digging in the trenches like everyone else!
  • #84,119
  • Aug 26, 2008 10:59am Aug 26, 2008 10:59am
Quoting eohater
Shit! We've got to get you back in the profit so your not stressing over your capital.
I remember back when I first started trading that my stress was higher when I was down in the account and not playing with the houses money.
Just digging in the trenches like everyone else!
  • #84,120
  • Aug 26, 2008 11:05am Aug 26, 2008 11:05am
Quoting eohater
I remember back when I first started trading that my stress was higher when I was down in the account and not playing with the houses money.
its funny isnt it 3 weeks ago i posted my report where most of my trades were profitable now i cant even get a successfull trade..i think its the stop loss..to damn tight ..and a bigger one means bigger loss...
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