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Cable Update (GBPUSD)

  • #88,881
  • Sep 23, 2008 8:55am Sep 23, 2008 8:55am
Quoting BBPI_fxtrader
sorry but i would advise you to stop trading and study study study. asking on a public forum if you should keep a position open is a clear indication that you are not confident in your trading. that's my opinion.

and another thing: 10 pips with big lots in & out quick will get you broke sooner or later, it is just a matter of time.
i speak from personal experience.

don't take this the wrong way, i wish you all the best in your trading, just don't want people to make the same mistakes i made when i started out
Hi there,

First time poster... by in and out quick do u mean seconds? or minutes?
  • #88,882
  • Sep 23, 2008 8:56am Sep 23, 2008 8:56am
Quoting TradeSense
Hi there,

First time poster... by in and out quick do u mean seconds? or minutes?
i don't know what that means for Shilva, he/she uses that type of trading, not me.

it depends on the currency, on the market conditions, it can last anywhere from a few seconds to over a minute
Twitter: @forexpokerpro
  • #88,883
  • Sep 23, 2008 9:07am Sep 23, 2008 9:07am
what do you think?
Jesus Christ is my only Lord !
  • #88,884
  • Sep 23, 2008 9:09am Sep 23, 2008 9:09am
I am long
Jesus Christ is my only Lord !
  • #88,885
  • Sep 23, 2008 9:09am Sep 23, 2008 9:09am
Quoting BBPI_fxtrader
i don't know what that means for Shilva, he/she uses that type of trading, not me.

it depends on the currency, on the market conditions, it can last anywhere from a few seconds to over a minute

Ahh my apologies... I thought you were just making a random comment... but then i just noticed the quote at the bottom of Shilva's posts.
  • #88,886
  • Sep 23, 2008 9:29am Sep 23, 2008 9:29am
Short at 1.8510.
  • #88,887
  • Sep 23, 2008 9:34am Sep 23, 2008 9:34am
Quoting BBPI_fxtrader
sorry but i would advise you to stop trading and study study study. asking on a public forum if you should keep a position open is a clear indication that you are not confident in your trading. that's my opinion.

and another thing: 10 pips with big lots in & out quick will get you broke sooner or later, it is just a matter of time.
i speak from personal experience.

don't take this the wrong way, i wish you all the best in your trading, just don't want people to make the same mistakes i made when i started out
Because of my years of experience is raised it to 8580....got filled and closed it @ 8510 for +70

how did you do
  • #88,888
  • Sep 23, 2008 9:48am Sep 23, 2008 9:48am
Shilva is right. You can make good money with 10 pips only. You just have to know when to enter and that is really not that difficult because most moves produce more than 10 pips.
  • #88,889
  • Sep 23, 2008 9:49am Sep 23, 2008 9:49am
Quoting DirkH143
Shilva is right. You can make good money with 10 pips only. You just have to know when to enter and that is really not that difficult because most moves produce more than 10 pips.
  • #88,890
  • Sep 23, 2008 9:51am Sep 23, 2008 9:51am
the longer the market holds your money...the more chance it won't give it back

my openion
  • #88,891
  • Sep 23, 2008 9:52am Sep 23, 2008 9:52am
Quoting Shilva
Yes!!! You take the 5M chart and identify a pattern and let the dice roll.
It's really not that difficult. Just try it a couple of times until doing it. I just made $70 in 3 minutes.
  • #88,892
  • Sep 23, 2008 10:04am Sep 23, 2008 10:04am
Quoting Shilva
Because of my years of experience is raised it to 8580....got filled and closed it @ 8510 for +70

how did you do
i didn't trade the EURUSD today, and again i tell you don't take this personal. if it works for you great, but it doesn't work for everybody, especially newbies.
with years of experience you might be able to do this, and if you do, congrats, but newbs won't be able to do it. that was what i was saying
Twitter: @forexpokerpro
  • #88,893
  • Sep 23, 2008 10:07am Sep 23, 2008 10:07am
i see downtrend signal but we need a confirmation. because usdgbp i think have to be overbought.

im sorry my english is bad and im newbie
wish me luck!
  • #88,894
  • Sep 23, 2008 10:09am Sep 23, 2008 10:09am
Quoting nangro
i see downtrend signal but we need a confirmation. because usdgbp i think have to be overbought.

im sorry my english is bad and im newbie
correction gbpusd overbought (i think).
wish me luck!
  • #88,895
  • Sep 23, 2008 10:12am Sep 23, 2008 10:12am
Quoting Shilva
the longer the market holds your money...the more chance it won't give it back

my openion
Hi there Shilva
Check p/m
  • #88,896
  • Sep 23, 2008 10:30am Sep 23, 2008 10:30am
Quoting BBPI_fxtrader
i didn't trade the EURUSD today, and again i tell you don't take this personal. if it works for you great, but it doesn't work for everybody, especially newbies.
with years of experience you might be able to do this, and if you do, congrats, but newbs won't be able to do it. that was what i was saying
I set sell or buy orders with 10 or 15 pip stops.....at levels i think it will bounce...as soon as i can lock in 10 i do it and let it run till it looks like it stalls or it comes back and stops me out. This way risk is small and profits larger. I may loose some if timing is not right but the winners more then make up. Risk Management is Key!

Newbs should be trading on Demo's until they become Traders with a system that works for them.

Nobody calls trades for me but Me.
  • #88,897
  • Sep 23, 2008 11:11am Sep 23, 2008 11:11am
I am watching the day close today.... I think if we close below the 50ema, we are heading back down 8200 area....
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Patience + Discipline - Greed = Success
  • #88,898
  • Sep 23, 2008 11:49am Sep 23, 2008 11:49am
Quoting DirkH143
Yes!!! You take the 5M chart and identify a pattern and let the dice roll.
It's really not that difficult. Just try it a couple of times until doing it. I just made $70 in 3 minutes.

I know everyone has the way of trading and such, but I cant believe that some really think this is the way to trade. It really baffles me that folks could trade these small time frames with any consistancy.

Then to hear quates the longer you have your money in the market the less likely it is to give it back. I mean come on you can't be serious.

I guess some folks just have to learn the hard way how this market works. The funny thing is is i am amazed how many private im's i get from folks who when in this forum talk like they know it all. then when I get the private im they say they dont have a clue what they are doing.
  • #88,899
  • Sep 23, 2008 11:58am Sep 23, 2008 11:58am
Quoting DirkH143
Shilva is right. You can make good money with 10 pips only. You just have to know when to enter and that is really not that difficult because most moves produce more than 10 pips.
thats what im doing as well. 10 pips/ bigger lots per trade new strategy. but its very dangerous if you enter in a wrong time/place

best luck guys
When life gives you lemons, make lemonade
  • #88,900
  • Sep 23, 2008 12:00pm Sep 23, 2008 12:00pm
Quoting DirkH143
Yes!!! You take the 5M chart and identify a pattern and let the dice roll.
It's really not that difficult. Just try it a couple of times until doing it. I just made $70 in 3 minutes.
you should look at all time frames/at all rsi's/ and at all fibonacci levels

not only the 5 minutes chart... beware
When life gives you lemons, make lemonade
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