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Cable Update (GBPUSD)

  • #87,121
  • Sep 10, 2008 5:04pm Sep 10, 2008 5:04pm
Quoting Infinity
I'm sorry to hear that but don't be discouraged.....refresh your mind and wait for a good setup... don't look for revenge on the market.. losses are part of the game...

Thank you my friend for the incouragement... ive had a good week so far... every trade is a learning experience... thanks Nav for letting me know about that line that was broken... gotta keep focused
Lets do this...
  • #87,122
  • Sep 10, 2008 5:06pm Sep 10, 2008 5:06pm
Quoting eohater
I wasn't comfortable with it last night because of it being in the middle of the descending channel, but it sure has proven to be a nice move. I hope you've made some good money!
Oh yes, hard to pass on a set-up like that once confirmed by a break. It's like poetry in motion
  • #87,123
  • Sep 10, 2008 5:06pm Sep 10, 2008 5:06pm
Quoting jcminvest
Thank you my friend for the incouragement... ive had a good week so far... every trade is a learning experience... thanks Nav for letting me know about that line that was broken... gotta keep focused
good attitude bro..
  • #87,124
  • Sep 10, 2008 5:14pm Sep 10, 2008 5:14pm
Who gives a monkeys about the quid. Heres the best news

Croatia 1 ENGLAND 4

Bout bleedin time too. Bunch of overpaid tossers.
  • #87,125
  • Sep 10, 2008 5:17pm Sep 10, 2008 5:17pm
1st trade for 2 weeks. short at 704
please DON'T copy my trades I am still learning
  • #87,126
  • Sep 10, 2008 5:17pm Sep 10, 2008 5:17pm
Quoting MarineUK
Who gives a monkeys about the quid. Heres the best news

Croatia 1 ENGLAND 4

Bout bleedin time too. Bunch of overpaid tossers.
  • #87,127
  • Sep 10, 2008 5:22pm Sep 10, 2008 5:22pm
SL 7664,

TP 7460
please DON'T copy my trades I am still learning
  • #87,128
  • Sep 10, 2008 5:24pm Sep 10, 2008 5:24pm
sorry entry short 7504
please DON'T copy my trades I am still learning
  • #87,129
  • Sep 10, 2008 5:24pm Sep 10, 2008 5:24pm
i think this is where im going wrong 20-25 pips stops are finishing me off..
  • #87,130
  • Sep 10, 2008 5:28pm Sep 10, 2008 5:28pm
weird - euro going up and gbp down

noticed recently that cable has led the euro

tail wagging the dog

I short the euro when that happens -less spread too !

But sometimes then the euro goes up and the gravity drags cable up to where it doesnt want to be - so I eat my euro short and switch to cable
  • #87,131
  • Sep 10, 2008 5:29pm Sep 10, 2008 5:29pm
Would I be safe to say that breaking the 7470 would be a good level of support? And if broken see ya later
?
Lets do this...
  • #87,132
  • Sep 10, 2008 5:30pm Sep 10, 2008 5:30pm
Quoting nAVIN2007
i think this is where im going wrong 20-25 pips stops are finishing me off..
i read somewhere that too tight stop losses make alot of traders lose in the long run as they are always getting stopped out.
please DON'T copy my trades I am still learning
  • #87,133
  • Sep 10, 2008 5:33pm Sep 10, 2008 5:33pm
changed my stop to 7498 and got stopped out + 6 pips, better than losing any thoough
please DON'T copy my trades I am still learning
  • #87,134
  • Sep 10, 2008 5:35pm Sep 10, 2008 5:35pm
guess maybe i stopped my long a little to quickly haha... stupid stuipd stupid... but then again I could be saying smart smart smart in another 20 mins...
Lets do this...
  • #87,135
  • Sep 10, 2008 5:36pm Sep 10, 2008 5:36pm
Quoting ezmystic
i read somewhere that too tight stop losses make alot of traders lose in the long run as they are always getting stopped out.
yes .....i fear losses and make them happen because of my stops...i thin tomorrow i will use a huge stop...100 pips. i did that b4 and was making money but these last 8 weeks market changed that and ive become timid with the stops..anyways im off to bed now...let me see what the morning brings..

GL all
  • #87,136
  • Sep 10, 2008 5:42pm Sep 10, 2008 5:42pm
Quoting ezmystic
i read somewhere that too tight stop losses make alot of traders lose in the long run as they are always getting stopped out.
It's just maths - stop pips times unsuccesful positions ..........

minus t/p pips times succesful positions gives the loss

opposite is profit

ps that does not help at all !

I see merit in picking the macro trend and putting on a position without an s/l which is not big enough to be a problem if it loses two or three hundred pips - and leave it to get 2000 pips if it goes well - months !

If we had done that at 2.11....... do the maths
  • #87,137
  • Sep 10, 2008 5:46pm Sep 10, 2008 5:46pm
Quoting allserene
It's just maths - stop pips times unsuccesful positions ..........

minus t/p pips times succesful positions gives the loss

opposite is profit

ps that does not help at all !

I see merit in picking the macro trend and putting on a position without an s/l which is not big enough to be a problem if it loses two or three hundred pips - and leave it to get 2000 pips if it goes well - months !

If we had done that at 2.11....... do the maths

I agree, sometimes I will put on a huge stop if the I'm confident of the bigger picture
please DON'T copy my trades I am still learning
  • #87,138
  • Sep 10, 2008 5:53pm Sep 10, 2008 5:53pm
Im getting bored again you know what that means


Good thing infinity won't see this post.

I got on the almighty master's ignore list.

Im so thankful for that special privaledge
  • #87,139
  • Sep 10, 2008 5:57pm Sep 10, 2008 5:57pm
Quoting steelhead
Im getting bored again you know what that means


Good thing infinity won't see this post.

I got on the almighty master's ignore list.

Im so thankful for that special privaledge
what are your thoughts about cable at present then steelhead if ure bored
please DON'T copy my trades I am still learning
  • #87,140
  • Sep 10, 2008 6:01pm Sep 10, 2008 6:01pm
1.7485 looks like a good entry for long.New daily momentum going up nd this is so close to last low so i am long.I hope morning will bring a smile on my face.See ya
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