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Cable Update (GBPUSD)

  • #88,061
  • Sep 16, 2008 7:48am Sep 16, 2008 7:48am
Quoting nAVIN2007
its crazy isnt it..people learning to trade and yet have imense balls to actually trade in a time of major danger..anyways i thought id post that so people can realise that maybe there over trading and STOP!....b4 the account is lost
give up Navin, the gotta trade mentality will always prevail here and throughout FF, guessing will never stop
Don't chase the market, Let the market come to you
  • #88,062
  • Sep 16, 2008 7:55am Sep 16, 2008 7:55am
Quoting hipcio
I have it on my platform among others
It is described in Murphy's technical analysys manual
Nice to see that someone else has read John J Murphy.I habe 2 of his books and I am finished with them.Anyone interested?
  • #88,063
  • Sep 16, 2008 7:56am Sep 16, 2008 7:56am
This is what I see. 15m Broke the 89sma came back to test it and then moving down again
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  • #88,064
  • Sep 16, 2008 8:38am Sep 16, 2008 8:38am
this market is crappy.i thought by now us dollars would be feeling the heat,but no they are cruising southwards
  • #88,065
  • Sep 16, 2008 9:04am Sep 16, 2008 9:04am
1H charts Trend lines
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  • #88,066
  • Sep 16, 2008 9:07am Sep 16, 2008 9:07am
any hope of this pair retracing back to1.8+++ today cos i am down on 200pips for now and i dont know how soon there would be a retracement

just a little scared.
  • #88,067
  • Edited 9:22am Sep 16, 2008 9:11am | Edited 9:22am
Quoting finian204rea
any hope of this pair retracing back to1.8+++ today cos i am down on 200pips for now and i dont know how soon there would be a retracement

just a little scared.
well i just myself entered long....the market is a fruitcake today..i have no idea but i thought what the hell let me give it a shot..it could go down, dailly looks bearish, US news isnt good, what the hell let me take a chance

i exited already...not happy to trade in these conditions..13 pips and out!....lol
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  • #88,068
  • Sep 16, 2008 9:18am Sep 16, 2008 9:18am
Quoting finian204rea
any hope of this pair retracing back to1.8+++ today cos i am down on 200pips for now and i dont know how soon there would be a retracement

just a little scared.
how big is your SL??????
Don't chase the market, Let the market come to you
  • #88,069
  • Sep 16, 2008 9:21am Sep 16, 2008 9:21am
Quoting nAVIN2007
well i just myself entered long....the market is a fruitcake today..i have no idea but i thought what the hell let me give it a shot..it could go down, dailly looks bearish, US news isnt good, what the hell let me take a chance

i exited already...not happy to trade in these conditions..
sit back and relax and watch the fireworks my friend, it is not a time to trade it is a time for those that choose to trade to gamble and guess

if the TIC data did not convince you then trade and gamble

trendlines, indicators and all the other shit you guys put on your charts are worthless in these conditions
Don't chase the market, Let the market come to you
  • #88,070
  • Sep 16, 2008 9:25am Sep 16, 2008 9:25am
Quoting Tmac
sit back and relax and watch the fireworks my friend, it is not a time to trade it is a time for those that choose to trade to gamble and guess

if the TIC data did not convince you then trade and gamble

trendlines, indicators and all the other shit you guys put on your charts are worthless in these conditions
yes im sitting back now..no more for me..
  • #88,071
  • Sep 16, 2008 9:30am Sep 16, 2008 9:30am
Quoting Tmac
how big is your SL??????
i dont put SL cos i use a little lot size.
  • #88,072
  • Sep 16, 2008 9:32am Sep 16, 2008 9:32am
Quoting Tmac
sit back and relax and watch the fireworks my friend, it is not a time to trade it is a time for those that choose to trade to gamble and guess

if the TIC data did not convince you then trade and gamble

trendlines, indicators and all the other shit you guys put on your charts are worthless in these conditions


IMO, if I had a positive position right now, i'd close it and take the profit.
and no new position until after news...
  • #88,073
  • Sep 16, 2008 9:32am Sep 16, 2008 9:32am
Quoting nAVIN2007
yes im sitting back now..no more for me..
I might be done today myself. Just stopped out my long from 1.7801 for 2 pips. YEAH!!! I can afford coffee. My trade earlier made me enough profit for the day. Rest of the day should be interesting. If I do trade later, I can be picky on the entry.
Just digging in the trenches like everyone else!
  • #88,074
  • Sep 16, 2008 9:37am Sep 16, 2008 9:37am
Quoting eohater
I might be done today myself. Just stopped out my long from 1.7801 for 2 pips. YEAH!!! I can afford coffee. My trade earlier made me enough profit for the day. Rest of the day should be interesting. If I do trade later, I can be picky on the entry.
thats why i closed the position i worked out the risk: reward came up with
risk 78 pips
reward 480 pips

then i thought who am i kidding... in market which has no direction, "take the 13 pips fool".i said to myself
  • #88,075
  • Sep 16, 2008 9:38am Sep 16, 2008 9:38am
Quoting finian204rea
i dont put SL cos i use a little lot size.
small lots can be big losses in this market

to trade without a SL is account blow out

let me ask you WHY would you buy anyhow when there has been NO indication of gbp strength for weeks now?

when that is the case you sell on rallies you do not buy against one of the strongest trends in this pair for years, counter trend trading is another way to lose an account quickly small lots or not
Don't chase the market, Let the market come to you
  • #88,076
  • Sep 16, 2008 9:47am Sep 16, 2008 9:47am
Quoting nAVIN2007
thats why i closed the position i worked out the risk: reward came up with
risk 78 pips
reward 480 pips

then i thought who am i kidding... in market which has no direction, "take the 13 pips fool".i said to myself
Just digging in the trenches like everyone else!
  • #88,077
  • Sep 16, 2008 9:56am Sep 16, 2008 9:56am
looks like i definately did the right thing...closing out..
  • #88,078
  • Sep 16, 2008 10:02am Sep 16, 2008 10:02am
i just close my shorts 100++pips
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  • #88,079
  • Sep 16, 2008 10:12am Sep 16, 2008 10:12am
Quoting riz79fx
i just close my shorts 100++pips
well done
Jesus Christ is my only Lord !
  • #88,080
  • Sep 16, 2008 10:15am Sep 16, 2008 10:15am
:nerd:
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Patience + Discipline - Greed = Success
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