Cable Update (GBPUSD) | Page 4446 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #88,901
  • Sep 23, 2008 12:01pm Sep 23, 2008 12:01pm
Quoting Shilva
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.
im not setting stop losses now in this new strategy.... i enter around pivot points and fibo levels which could be seen quite often during the day
When life gives you lemons, make lemonade
  • #88,902
  • Sep 23, 2008 12:07pm Sep 23, 2008 12:07pm
Quoting salemcity33
Short at 1.8510.
Out at Breakeven
+0 pips
  • #88,903
  • Sep 23, 2008 12:11pm Sep 23, 2008 12:11pm
Quoting steelhead
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.
hey Steelhead,

what time frames do you use and do you trade when the market is seesawing like it is at the moment what with the fed speaking and all?

cheers
please DON'T copy my trades I am still learning
  • #88,904
  • Sep 23, 2008 12:16pm Sep 23, 2008 12:16pm
Short 1.8447
  • #88,905
  • Sep 23, 2008 12:35pm Sep 23, 2008 12:35pm
@8491
Jesus Christ is my only Lord !
  • #88,906
  • Sep 23, 2008 12:36pm Sep 23, 2008 12:36pm
After discussions last week and the Labor party annual conference we have this big question, when is the United Kingdom going to join the Euro? Answering to this question, the Prime Minister Gordon Brown said: “We will join when the time is right”.
Taking into account the financial meltdown and the currency fluctuations Britain will stay relying on pound stability, but another senior British Laborist MEP, without shadows of doubts, that “the economic downturn in Britain would be so protracted and the slump in the pound so profound that the next government would take steps to join the Euro.”
So maybe we don´t need to worry in the short term, but the strength of a currency relies on its credibility, now people won´t be sure how the GBP is going to behave, therefore investors, brokers and forex traders have to keep both eyes wide open and use all the tools in order to make the right decisions when trading GBP.

marcuse
http://tradingforextips-marcuse.blogspot.com/
  • #88,907
  • Sep 23, 2008 1:05pm Sep 23, 2008 1:05pm
+50pps
Jesus Christ is my only Lord !
  • #88,908
  • Sep 23, 2008 1:11pm Sep 23, 2008 1:11pm
@8575
Jesus Christ is my only Lord !
  • #88,909
  • Sep 23, 2008 1:14pm Sep 23, 2008 1:14pm
Quoting BBPI_fxtrader

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
I second that.. Trading big lots and targeting small pips would probably make you lose more.

If there is a way to trade with smaller lot, why don't you trade smaller lots and targeting higher pips? This is one key to success in trading forex; money management (or MM).
  • #88,910
  • Sep 23, 2008 1:35pm Sep 23, 2008 1:35pm
+5pps
Jesus Christ is my only Lord !
  • #88,911
  • Sep 23, 2008 1:40pm Sep 23, 2008 1:40pm
@8579
Jesus Christ is my only Lord !
  • #88,912
  • Sep 23, 2008 2:08pm Sep 23, 2008 2:08pm
Quoting hipcio
@8579
+7
Jesus Christ is my only Lord !
  • #88,913
  • Sep 23, 2008 2:39pm Sep 23, 2008 2:39pm
@8579
Jesus Christ is my only Lord !
  • #88,914
  • Sep 23, 2008 2:44pm Sep 23, 2008 2:44pm
Quoting ezmystic
hey Steelhead,

what time frames do you use and do you trade when the market is seesawing like it is at the moment what with the fed speaking and all?

cheers

I use the four hour time frame and daily. I also use one hour alot. As far as market seesawing and fed speakin I usually stay clear when bernake is opening his yapper. I usually only trade london and new york session.
  • #88,915
  • Sep 23, 2008 3:36pm Sep 23, 2008 3:36pm
on my short and going to sleep

nice trading if anybody is trading
Jesus Christ is my only Lord !
  • #88,916
  • Sep 23, 2008 4:16pm Sep 23, 2008 4:16pm
The real traders I know (that showed me what they do) are managed money account guys. Their job is to show up every day and get 30 pips per day for the company....3 ten pip trades. They risk $1000 per pip. They will not keep their jobs if they have draw downs more then 5 to 7 pips per trade so they better be able to consistently call 10 pip trades correctly because they like their jobs. Do the math on that.

The point is the more money you trade with the less risk you are willing to take. It is not a quest for pips in forex....It is a quest for money!

The first forex trading goal should be Risk Management and the objective is not to loose money....so don't loose MONEY!!!!!!!!!!!!!!!!!!!!!!

Some of you guys can call this philosophy scalping and look down on it if you want to....as for me I have lost enough Friggin' money to this market to let it ever go against me more then a few pips and I am going to take all the profit as soon as I can get it...and yeah, it takes a long time to learn how to do that ....and I trade the news releases also.
  • #88,917
  • Sep 23, 2008 5:39pm Sep 23, 2008 5:39pm
For the day...

T1 = Breakeven.

T2 = Breakeven.

Quoting salemcity33
Short 1.8447
T3 = Out with -42 pip loss.
  • #88,918
  • Sep 23, 2008 6:36pm Sep 23, 2008 6:36pm
24-09-2008
Attached Image
  • #88,919
  • Sep 23, 2008 7:03pm Sep 23, 2008 7:03pm
Quoting AmeriTrini
I recently heard that SteelHead has a trading plan that he is marketing for a mere $3995, to all who falls for this.............. .............and.......



................ a GIGANTIC.....................





LOL!!!!


where are you now ameritrini. We miss you
  • #88,920
  • Sep 23, 2008 9:25pm Sep 23, 2008 9:25pm
I love this picture...

Sonic
Attached Image
1,044 traders viewing now, 3 are registered:
,
shaban010
,