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Cable Update (GBPUSD)

  • #93,101
  • Oct 22, 2008 1:52am Oct 22, 2008 1:52am
Quoting am108
Hi eohater,

Thanks for the suggestion, unfortunately i've learnt the hard way and lost a shed load of money on cable, and seem to keep missing good long/short positions. I think i may be trying too hard to recover the loss but i keep thinking if i don't trade now in the current market condition i will probably not recover the loss at all.
there is a new opportunity everyday so don't feel pressured AND don't think about recovering your loss, just accept it's gone and try and trade profitably and you'll soon have your losses back without thinking. Chasing losses puts stress on you and makes you make mistakes DON'T DO IT trust me I know.
please DON'T copy my trades I am still learning
  • #93,102
  • Oct 22, 2008 1:57am Oct 22, 2008 1:57am
Quoting nAVIN2007
wow! what happened in the night this is flying down !!!
I've been up most of night with baby not sleeping and done couple of + trades, but wish I'd let it ride I would be laughing. I've never seen anything like it.
please DON'T copy my trades I am still learning
  • #93,103
  • Oct 22, 2008 1:57am Oct 22, 2008 1:57am
instead of focusing on your losses, y don't u start learning how to find a profitable trade opportunity by visiting james16 Chart thread about price action.
  • #93,104
  • Oct 22, 2008 2:01am Oct 22, 2008 2:01am
Quoting ezmystic
I've been up most of night with baby not sleeping and done couple of + trades, but wish I'd let it ride I would be laughing. I've never seen anything like it.

yeah, i wish i let my short order at 1.6918 at BE and go to sleep rather than closed it at 68 pips. i guess i still has to learn a lot about trading
  • #93,105
  • Oct 22, 2008 2:05am Oct 22, 2008 2:05am
Quoting am108
Hi eohater,

Thanks for the suggestion, unfortunately i've learnt the hard way and lost a shed load of money on cable, and seem to keep missing good long/short positions. I think i may be trying too hard to recover the loss but i keep thinking if i don't trade now in the current market condition i will probably not recover the loss at all.
hi mate am new too lost more than 50% of my account got pretty confused and i kept on making mistakes,but now i think am more relax and i have really cut down my losses so take it easy,its going to be alrite.just concentrate
  • #93,106
  • Oct 22, 2008 2:13am Oct 22, 2008 2:13am
Quoting joeblack
yeah, i wish i let my short order at 1.6918 at BE and go to sleep rather than closed it at 68 pips. i guess i still has to learn a lot about trading
I know but at least + pips is + pips. I would rather be up something than minus anything. Just keep plugging away we'll get there bro
please DON'T copy my trades I am still learning
  • #93,107
  • Oct 22, 2008 2:16am Oct 22, 2008 2:16am
Quoting ezmystic
I've been up most of night with baby not sleeping and done couple of + trades, but wish I'd let it ride I would be laughing. I've never seen anything like it.
its a bit worrying actually.....i reckon we havent even seen the bad times yet and its falling like this....what happens when things do really get bad?
  • #93,108
  • Oct 22, 2008 2:24am Oct 22, 2008 2:24am
Quoting nAVIN2007
its a bit worrying actually.....i reckon we havent even seen the bad times yet and its falling like this....what happens when things do really get bad?
hello senior, how bad can things get?am kind of new ,but am learning fast,love to know thanks
  • #93,109
  • Oct 22, 2008 2:30am Oct 22, 2008 2:30am
Quoting enoh james a
hello senior, how bad can things get?am kind of new ,but am learning fast,love to know thanks
if i knew that......then i wont be here ....
all i am saying in all my life i never seen the pound so low and i personally think in the UK the sh*t has basically just hit the fan......it can get a lot worse.

people wont fly, house prices are very high, people can eaasily end up in negative equity..in truth things can get a lot worse
  • #93,110
  • Oct 22, 2008 2:35am Oct 22, 2008 2:35am
Quoting nAVIN2007
all i am saying in all my life i never seen the pound so low
You are 36 years old. Only 5 years back the pound traded in the 1.50s region and 7 years back it traded in the 1.40s region.
  • #93,111
  • Oct 22, 2008 2:42am Oct 22, 2008 2:42am
I think navin means it is going to be a loooonnngg cold gloomy wet winter here on mud island with the poor old Pound pounded. At least a strong pound allowed us to fly to that cheap USA for holidays. Oh well, what we lose in asset value we gain in Pips!!
Ride the Bulls bearback!
  • #93,112
  • Oct 22, 2008 2:59am Oct 22, 2008 2:59am
Quoting littlejohn
You are 36 years old. Only 5 years back the pound traded in the 1.50s region and 7 years back it traded in the 1.40s region.
yeah sorry .....i never even thought about forex or currency till dec 07
  • #93,113
  • Oct 22, 2008 3:15am Oct 22, 2008 3:15am
long @ 1.6430... Trailing on +3...

dammit... it got my stop...
Money management is good for your health...
  • #93,114
  • Oct 22, 2008 4:09am Oct 22, 2008 4:09am
i have one short kicked in at 1.6351 target 1.6293
When life gives you lemons, make lemonade
  • #93,115
  • Oct 22, 2008 4:10am Oct 22, 2008 4:10am
1.6327 might be a good support lets see
When life gives you lemons, make lemonade
  • #93,116
  • Oct 22, 2008 4:17am Oct 22, 2008 4:17am
closed for +27... dont wanna wait for this support
When life gives you lemons, make lemonade
  • #93,117
  • Oct 22, 2008 4:20am Oct 22, 2008 4:20am
i'm still waiting to long if it's above 1.6450, and short if it BL...
micho, what do you think of the trend for hours ahead?
Money management is good for your health...
  • #93,118
  • Oct 22, 2008 4:22am Oct 22, 2008 4:22am
Still short from 380, hoping it's gonna have another go at the 327 support. If it breaks I'll be leaving the short open for a while. Thinking we may even see 1.5xx.
Hope nobody lost too much on shorts yesterday due to my false information...
  • #93,119
  • Oct 22, 2008 4:24am Oct 22, 2008 4:24am
hey guys,
just worked out how to put up chart.

eohater I wonder if you could let me know if I was correct in my analysis. I guess I am as I am in the trade positive.

black line 50sma I think although it just says bar average on my software, yellow line 35 sma, thick blue 10sma, green 20sma

I hope this might help others
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 15m.jpg Size: 88 KB
please DON'T copy my trades I am still learning
  • #93,120
  • Oct 22, 2008 4:24am Oct 22, 2008 4:24am
Why did a pound go downward?
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