Cable Update (GBPUSD) | Page 4620 | 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)

  • #92,381
  • Oct 17, 2008 11:56pm Oct 17, 2008 11:56pm
Quoting eohater
Here's a bad trade of mine from Thursday. I ignored all my primary rules. I even stated when I took the inital trade short that I was bored. Here's the post even #92082

Key reason to trade what you see, not force a trade.
Looking at that chart....:nerd:

Chalk that loss towards education for the business, because that was a beautiful setup!!

HOLLA
  • #92,382
  • Oct 18, 2008 12:02am Oct 18, 2008 12:02am
Quoting Turtle
Looking at that chart....:nerd:

Chalk that loss towards education for the business, because that was a beautiful setup!!

HOLLA
It was a stupid trade! The mentality going into the trade should have been targeting the 1h 62ema for profit on my long and going short when I closed out. It was pretty much confirmed she was going higher when she went more than 20 pips higher than the closed price of the circled candle.

But your right, all losses need to be counted towards education.
Just digging in the trenches like everyone else!
  • #92,383
  • Oct 18, 2008 12:05am Oct 18, 2008 12:05am
Quoting eohater
My mind was made up that when she hit the 1h 62ema that she would fall back to the days low, so I felt fine holding it to the 1h 62 and adding to my short thinking I would just have more of a position. Back to the motto: Don't try and predict where price is going!
Funny thing is...I had a long @ 7212 (1212 EDT) but got stopped out 30 minutes later and took off!!, I even wrote down entries on a piece of paper, of 7260, 7290 and 7320(going a little heavy) with a T/P of 7350!!

Oh well, should of stuck with my gut on that one!!

Next available seat please!!

HOLLA
  • #92,384
  • Oct 18, 2008 12:07am Oct 18, 2008 12:07am
Quoting eohater
It was a stupid trade! The mentality going into the trade should have been targeting the 1h 62ema for profit on my long and going short when I closed out. It was pretty much confirmed she was going higher when she went more than 20 pips higher than the closed price of the circled candle.

But your right, all losses need to be counted towards education.
That's the only way we move forward in life!!

HOLLA
  • #92,385
  • Oct 18, 2008 12:08am Oct 18, 2008 12:08am
Quoting Turtle
Funny thing is...I had a long @ 7212 (1212 EDT) but got stopped out 30 minutes later and took off!!, I even wrote down entries on a piece of paper, of 7260, 7290 and 7320(going a little heavy) with a T/P of 7350!!

Oh well, should of stuck with my gut on that one!!

Next available seat please!!

HOLLA
Always looking for the next seat.

Post me a 15m chart on that order you had if you don't mind and point out when you got in.
Just digging in the trenches like everyone else!
  • #92,386
  • Oct 18, 2008 12:24am Oct 18, 2008 12:24am
Quoting eohater
Always looking for the next seat.

Post me a 15m chart on that order you had if you don't mind and point out when you got in.

Alright, brother needs the class on posting pics...never done it!!

HOLLA
  • #92,387
  • Oct 18, 2008 12:26am Oct 18, 2008 12:26am
Quoting Turtle
Alright, brother needs the class on posting pics...never done it!!

HOLLA
It's easy. Hold down on the ALT key and press the PrtScn keys together. Open up MSPaint and go to edit and paste (you cannot right click your mouse and do this). From here, you can manipulate and write on the chart as you may. Save the image as a jpeg and then attach it to your message.
Just digging in the trenches like everyone else!
  • #92,388
  • Oct 18, 2008 12:38am Oct 18, 2008 12:38am
Quoting eohater
It's easy. Hold down on the ALT key and press the PrtScn keys together. Open up MSPaint and go to edit and paste (you cannot right click your mouse and do this). From here, you can manipulate and write on the chart as you may. Save the image as a jpeg and then attach it to your message.
Didn't get that far in class!!

HOLLA
  • #92,389
  • Oct 18, 2008 12:43am Oct 18, 2008 12:43am
Quoting Turtle
Didn't get that far in class!!

HOLLA
If your asking how to write on the chart, here you go: Once you have the image applied in MSPaint. On the left hand side toolbar you will see an A click it and go over to your chart where you want to write, hold down your left mouse button and make a box, then you can type. You'll also see lines and circles you can use. It's easy bro!
Just digging in the trenches like everyone else!
  • #92,390
  • Oct 18, 2008 4:08am Oct 18, 2008 4:08am
Quoting eohater
Here's a bad trade of mine from Thursday. I ignored all my primary rules. I even stated when I took the inital trade short that I was bored. Here's the post even #92082

Key reason to trade what you see, not force a trade.
been looking at your chart here bro and ok u got the direction wrong but i think it was one of those trades.....price was in a traingle and i guess u played the bounce of the line.....but it was just unlucky that it broke out, only maybe since it broke and tested it we could have gone long.....it really cheeses me looking after the event it looks so easy, doesnt it... trading on the fly can be a bitch!

anyways bro THANK U for posting a failed trade (has to be a first on here) u see im even learning from yur mistake......U the man!

have a look at my analysis of yur chart..
Attached Image (click to enlarge)
Click to Enlarge Name: bulldog.com.jpg Size: 123 KB
  • #92,391
  • Oct 18, 2008 10:00am Oct 18, 2008 10:00am
hey guys how is your trade?.. i have many works to do recent weeks so i can't trade for a whileso many pips left!because i have to prepare for the middle term exam and my projects..but thanks for all to post their chart so i can study a lot from you guys..hope me can do the exam and my project working succesfully!good trade all..
wish me luck!
  • #92,392
  • Oct 18, 2008 10:02am Oct 18, 2008 10:02am
Quoting nangro
hey guys how is your trade?.. i have many works to do recent weeks so i can't trade for a whileso many pips left!because i have to prepare for the middle term exam and my projects..but thanks for all to post their chart so i can study a lot from you guys..hope me can do the exam and my project working succesfully!good trade all..
learning never killed any1 yet
  • #92,393
  • Edited 9:52pm Oct 18, 2008 10:28am | Edited 9:52pm
Quoting nAVIN2007
learning never killed any1 yet
but from your thought where is cabal heading at and why?..huhu when i can trade (for this week) but for just 1-2 hours time to trade i can't put any order because price don't hit my order pending!so for this week i just have 0 pip..
wish me luck!
  • #92,394
  • Oct 18, 2008 10:41pm Oct 18, 2008 10:41pm
Quoting eohater
Always looking for the next seat.

Post me a 15m chart on that order you had if you don't mind and point out when you got in.
Here ya go!!!!!!

Got s/l when it hit my +1 @ 7213!

HOLLA
Attached Image (click to enlarge)
Click to Enlarge Name: 101608.JPG Size: 140 KB
  • #92,395
  • Oct 19, 2008 1:31am Oct 19, 2008 1:31am
Quoting bitrader
target 1.6900
agree! cabal is going down all i see this week but i can't understand why market ranging..
wish me luck!
  • #92,396
  • Oct 19, 2008 11:20am Oct 19, 2008 11:20am
Quoting nangro
agree! cabal is going down all i see this week but i can't understand why market ranging..
over the last couple weeks, GU been following the Dow pretty closely. If you look at how the last couple day of last week were on the Dow, it would make sense.
Hope this helps
  • #92,397
  • Oct 19, 2008 2:26pm Oct 19, 2008 2:26pm
Current Cable rate: 1.7305
  • #92,398
  • Oct 19, 2008 2:42pm Oct 19, 2008 2:42pm
hey guys

i took the decision to withdraw my profits as well and play with around 800$ only. i need to develop and test a consistent strategy before trading on live again. i feel too bad really now that i am realizing that my ultimate strategy has stopped working for GBP and CAD as well... i call it real bad luck...

anyway, most of the times i can explain what happened in the market after the action has finished but the problem is to try to predict the move... which is very hard and confusing because we know the market will continue an initial trend but at the same time its reacting to the spikes that happen when some of the big boys buys/sells which is causing it to break important levels and changing direction sometimes and catching many stop losses... these interventions make trading very confusing especially lately where we are seeing the big boys interfering alot reversing a strong down trend immediately with a strong up trend or moving the market sideways. i know they cant have total control over the market but buying or selling around key levels causing them to break unexpectedly is killing all traders.

the questions i ask myself are, does a strategy based on the technical indicators and of course Fibonacci really exist and is consistent/profitable?
do i really realize how important my old strategy was now that it doesnt work anymore? where did all the users on this forum leave, did they lost their money like 90% of the traders? is it a good idea to withdraw the profit after thinking and planning so hard to earn money from forex? does any of the guys on this forum or elsewhere in the world have a consistent strategy based on technical indicators?

well these questions remain unanswered, i know alot of the traders here state their profitable trades but dont mention their losses and end up disappearing. i really hope someday to meet someone who developed and tested on a live account a consistent strategy based on technical indicators. if i did meet someone, i will share with him my old strategy based on statistics which was a winner from 1999 until august 2008 for GBPUSD, 2007 for the EURUSD, USDJPY, CHFUSD and AUDUSD, september 2008 for the USDCAD and NZDUSD. too bad the old days are over...

ill be posting on this forum but not as much as before i guess unless i find a consistent strategy to work with.
by thy way, i think this week we will be ranging like last week between 1.75 and 1.71, this is what the charts are telling me so who knows?

i attach a daily chart. we are in a down channel. i drew also andrews pitch fork, so basically if we break andrews pitch fork to the upside it will be around the light blue line, otherwise we will keep bouncing from the 38% to the 23% fibonacci and little below and above them until we break up and i think its very likely we will break up to the upper channel line before going down again cause they want to trigger some stop losses above the 50% and 61% levels. the fibonacci time levels indicate that we might reach 1.59 on 11/11/2008 which is my birthday lol.
see you laters
Attached Image (click to enlarge)
Click to Enlarge Name: 2st alert-e.gif Size: 27 KB
When life gives you lemons, make lemonade
  • #92,399
  • Oct 19, 2008 2:53pm Oct 19, 2008 2:53pm
Quoting micho
does a strategy based on the technical indicators and of course Fibonacci really exist and is consistent/profitable?
do i really realize how important my old strategy was now that it doesnt work anymore? where did all the users on this forum leave, did they lost their money like 90% of the traders? is it a good idea to withdraw the profit after thinking and planning so hard to earn money from forex? does any of the guys on this forum or elsewhere in the world have a consistent strategy based on technical indicators?

well these questions remain unanswered, i know alot of the traders here state their profitable trades but dont mention their losses and end up disappearing. i really hope someday to meet someone who developed and tested on a live account a consistent strategy based on technical indicators. if i did meet someone, i will share with him my old strategy based on statistics which was a winner from 1999 until august 2008 for GBPUSD, 2007 for the EURUSD, USDJPY, CHFUSD and AUDUSD, september 2008 for the USDCAD and NZDUSD. too bad the old days are over...
Thanks for sharing

Some good questions, i hope somebody really can answers these.

Can you still share your old strategy? I'm interested to know what it was?

Thanks
  • #92,400
  • Oct 19, 2008 3:02pm Oct 19, 2008 3:02pm
Quoting seejou
Thanks for sharing

Some good questions, i hope somebody really can answers these.

Can you still share your old strategy? I'm interested to know what it was?

Thanks
sorry seejou i cant do that
it doesnt work anymore that hope you dont get disappointed but if i find a new one i will share the old one with everyone and you guys will be shocked on how simple, safe and profitable it was...
When life gives you lemons, make lemonade
331 traders viewing now