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Cable Update (GBPUSD)

  • #84,481
  • Aug 28, 2008 2:32am Aug 28, 2008 2:32am
SAR short 3 lots 851.

cheers.
  • #84,482
  • Aug 28, 2008 2:34am Aug 28, 2008 2:34am
Quoting nAVIN2007
im in way over my head....

i have 0.2 lot sell @1.8298 and 0.2 [email protected]
and 0.2 lot long at 1.8461 and .2 at 1.8394

This may help for the future. Apart from trading with the trend which is always a good idea, put a 30 Simple moving average (on close) on your chart. Only go long after a candle close above or short on a candle close below. This works for me most of the time and at least keeps me from being too trigger happy.
  • #84,483
  • Aug 28, 2008 2:37am Aug 28, 2008 2:37am
i think the only way out of this is to take partail profit if it goes to the top and partail if it comes down....cause 0.8 lot size in make me very nervous...
  • #84,484
  • Aug 28, 2008 2:46am Aug 28, 2008 2:46am
I sold cable at 1.8360 and my exit will be 1.8330.. Good luck everyone
  • #84,485
  • Aug 28, 2008 2:50am Aug 28, 2008 2:50am
Quoting nAVIN2007
i think the only way out of this is to take partail profit if it goes to the top and partail if it comes down....cause 0.8 lot size in make me very nervous...
Hi Navin,

I too have had made some pretty big mistakes. I find doing a bit of relaxed deep breathing helps to slow my heart rate and calm me down. I have also set a stop limit and just gone out for a walk to chill out a bit. Try not to panic. Hope this helps for future.
please DON'T copy my trades I am still learning
  • #84,486
  • Aug 28, 2008 3:04am Aug 28, 2008 3:04am
Quoting ezmystic
Hi Navin,

I too have had made some pretty big mistakes. I find doing a bit of relaxed deep breathing helps to slow my heart rate and calm me down. I have also set a stop limit and just gone out for a walk to chill out a bit. Try not to panic. Hope this helps for future.
yeah i will do this also..
  • #84,487
  • Aug 28, 2008 3:06am Aug 28, 2008 3:06am
Is anyone else short on this with me?
  • #84,488
  • Aug 28, 2008 3:08am Aug 28, 2008 3:08am
Quoting kamsurin
This may help for the future. Apart from trading with the trend which is always a good idea, put a 30 Simple moving average (on close) on your chart. Only go long after a candle close above or short on a candle close below. This works for me most of the time and at least keeps me from being too trigger happy.

which time frame buddy?..thx
  • #84,489
  • Aug 28, 2008 3:15am Aug 28, 2008 3:15am
Quoting nAVIN2007
im in way over my head....

i have 0.2 lot sell @1.8298 and 0.2 [email protected]
and 0.2 lot long at 1.8461 and .2 at 1.8394

hey man sorry to reply so late
i have a strategy

i suggest u close half
and wait for a big swing for cable
i mean close one hedge and enter it again on a retracement

thats all u can do for now
mind u its very dangerous and completely stressfull
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #84,490
  • Aug 28, 2008 3:17am Aug 28, 2008 3:17am
i have to admit that cable this month has changed, if this remains the same for the months to come i will stop trading it or try to find another strategy
When life gives you lemons, make lemonade
  • #84,491
  • Aug 28, 2008 3:20am Aug 28, 2008 3:20am
Quoting micho
i have to admit that cable this month has changed, if this remains the same for the months to come i will stop trading it or try to find another strategy
noooooooooooooooooooooooooooo
hehe
saba7o rayessssssss
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #84,492
  • Aug 28, 2008 3:21am Aug 28, 2008 3:21am
Quoting nAVIN2007
which time frame buddy?..thx

Just open up any chart 1 Hour is best or 15 mins (both even better) (a good example to show you just now is EUR/Yen though any chart will do. Put only a 30 SMA on close on the chart, no other indicators at all, and just look at the price action. It's true you won't always get the tops and bottoms but you will get the chunk in between. Price always tries to return to the 30 SMA. The direction of the slope also can give a clue. You will find this will keep you out of most bad trades and will be mostly profitable. It will also help against stress and high blood pressure!!!!
  • #84,493
  • Aug 28, 2008 3:23am Aug 28, 2008 3:23am
Good morning Nav. I have been reading this thread for many weeks and I must say that I feel for you in your present predicament. You seem to be able to talk the good talk but your trades are going away from you all the time (at the moment). This is because IMO I think you are chasing the trades too much instead of letting the trades come to you and as you desperately want/need to make pips/money, I think it is clouding your judgement. It seems all the guys on here are willing you to succeed, me likewise. My humble advice to you is to wait for a big retractment then short the son of a bitch. Best of luck.
  • #84,494
  • Aug 28, 2008 3:34am Aug 28, 2008 3:34am
Quoting salah k.
noooooooooooooooooooooooooooo
hehe
saba7o rayessssssss
saba7ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

kifak? shou 3emil hal shaher? walla ana till now from +2k to -6k and now i am on -4k
When life gives you lemons, make lemonade
  • #84,495
  • Aug 28, 2008 3:37am Aug 28, 2008 3:37am
Quoting micho
i have to admit that cable this month has changed, if this remains the same for the months to come i will stop trading it or try to find another strategy
survival of the fittest im afraid to say, fx all about relativity, dollar better relative to sterling now, u have to get over that and just trade it, adjust ur methodology and trading plan as per the market conditions
Trading is 80% Emotional, 20% Technical
  • #84,496
  • Aug 28, 2008 3:38am Aug 28, 2008 3:38am
Quoting nAVIN2007
what makes u think 700-800 pips can happen up? ...
hope fear and greed i guess!
Trading is 80% Emotional, 20% Technical
  • #84,497
  • Aug 28, 2008 3:39am Aug 28, 2008 3:39am
Hi Nav, I too am willing you to suceed. In respect of the current situation, unless you close out the opposing trades when one of the furthest entry points is reached be it the buy or sell, and then hold those trades to recover the opposing loss,...then the trade is already lost. Whatever you do tghough, make a decision and stick to it.

In repect of your general situation, quite simply at the moment; you do not have a reliable consistently profitable over a sample trading system/methodology that you are able to impliment with impunity on a live account.

Stop live trading now and go back to demo,....until you are consistently profitable with a methodology, then build up live slowly from 0.1lot only going to next level when you are consistently profitable at the former.

G/L.
ex member
  • #84,498
  • Aug 28, 2008 3:39am Aug 28, 2008 3:39am
Quoting steelhead
Gap at 1.9145. Not all fill but I am seeing a good long on this theat could fill it.


As far as ameritrani goes your story has become tiresome. Ignore button for you.
not all gaps get filled, like the one at 2.08 area unfilled so wouldnt use that as premise for up move
Trading is 80% Emotional, 20% Technical
  • #84,499
  • Aug 28, 2008 3:40am Aug 28, 2008 3:40am
Quoting fx local
survival of the fittest im afraid to say, fx all about relativity, dollar better relative to sterling now, u have to get over that and just trade it, adjust ur methodology and trading plan as per the market conditions
compared to the last 10 years, this month's patterns have changed. do you know what i mean? i hope its just temporary, that happened before for a month of time, but hopefully not forever like EURUSD
When life gives you lemons, make lemonade
  • #84,500
  • Aug 28, 2008 3:44am Aug 28, 2008 3:44am
Quoting Chris_35
Good morning Nav. I have been reading this thread for many weeks and I must say that I feel for you in your present predicament. You seem to be able to talk the good talk but your trades are going away from you all the time (at the moment). This is because IMO I think you are chasing the trades too much instead of letting the trades come to you and as you desperately want/need to make pips/money, I think it is clouding your judgement. It seems all the guys on here are willing you to succeed, me likewise. My humble advice to you is to wait for a big retractment then short the son of a bitch. Best of luck.
thanks man ....i think i have come up with a solution....i need to long to 1.92 area and short the son of a bitch .....thats the only way out .......50% retrace of the bitch ass move
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