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Cable Update (GBPUSD)

  • #93,601
  • Edited 7:42pm Oct 23, 2008 7:11pm | Edited 7:42pm
Quoting manize
I miss many chance to make profits due to connection server problem. Look like short prevail. Sofar +20 pips today ! Just short at 1.6155 !
Why did I short ?

1. Overall trend still down
2. A clue on M1 when cable at a top

I closed for +70 pips ! You can try my system. It is very safe strategy, any time and many time you can enter when the clue arisen, no need wating for a long time to ride on the cable trend !

En don't forget,

1. Should use trailing stop !
2. The clue is not on the volatile movement, but on the slowly movement started by a flat condition of 4 - 10 candles on M1 !
3. No greedy, my target just only +10 pips, if got more , consider that it is the reward of our hardwork ! And we should convey the great thankfull of course to our God !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,602
  • Oct 23, 2008 7:49pm Oct 23, 2008 7:49pm
Once more, sometimes the clue is very tempted to go short at the bottom or long at the top. Don't do it, I try frequently and the fail much more than the success !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,603
  • Oct 23, 2008 7:52pm Oct 23, 2008 7:52pm
Quoting manize
Once more, sometimes the clue is very tempted to make short at the bottom or long at the top. Don't do it, I try frequently and the fail much more than the success !
Join the club.....

We have all been there!!

HOLLA
  • #93,604
  • Oct 23, 2008 7:55pm Oct 23, 2008 7:55pm
testing lows of wicks of the four hour candles. Its time to start looking at longs again.
  • #93,605
  • Oct 23, 2008 7:57pm Oct 23, 2008 7:57pm
Quoting manize
Once more, sometimes the clue is very tempted to make short at the bottom or long at the top. Don't do it, I try frequently and the fail much more than the success !
thanks to share here..
wish me luck!
  • #93,606
  • Oct 23, 2008 7:58pm Oct 23, 2008 7:58pm
Quoting steelhead
testing lows of wicks of the four hour candles. Its time to start looking at longs again.
Boy it's sure setting up pretty nice.....

HOLLA
  • #93,607
  • Oct 23, 2008 8:00pm Oct 23, 2008 8:00pm
Quoting steelhead
testing lows of wicks of the four hour candles. Its time to start looking at longs again.
i'm in long @1.609 but if @1.604 break i'll consider to hedge it..
wish me luck!
  • #93,608
  • Oct 23, 2008 8:08pm Oct 23, 2008 8:08pm
Quoting nangro
i'm in long @1.609 but if @1.604 break i'll consider to hedge it..


why would you hedge
  • #93,609
  • Oct 23, 2008 8:09pm Oct 23, 2008 8:09pm
Quoting nangro
i'm in long @1.609 but if @1.604 break i'll consider to hedge it..
what are you thinking? Don't hedge the position! If your considering anything you need to look for an opportunity to take a long to atleast get to break even. She'll show you when it's time.
Just digging in the trenches like everyone else!
  • #93,610
  • Oct 23, 2008 8:13pm Oct 23, 2008 8:13pm
Quoting eohater
what are you thinking? Don't hedge the position! If your considering anything you need to look for an opportunity to take a long to atleast get to break even. She'll show you when it's time.
so i should closed it with -$50???
wish me luck!
  • #93,611
  • Oct 23, 2008 8:15pm Oct 23, 2008 8:15pm
Quoting nangro
so i should closed it with -$50???
What's your s/l??

HOLLA
  • #93,612
  • Oct 23, 2008 8:17pm Oct 23, 2008 8:17pm
Quoting eohater
what are you thinking? Don't hedge the position! If your considering anything you need to look for an opportunity to take a long to atleast get to break even. She'll show you when it's time.

amen eoh when will some learn. this is a time to look for longs. If it keeps droping and im wrong so be it, but this looks like its going to move up soon.
  • #93,613
  • Oct 23, 2008 8:20pm Oct 23, 2008 8:20pm
Quoting steelhead
amen eoh when will some learn. this is a time to look for longs. If it keeps droping and im wrong so be it, but this looks like its going to move up soon.
I hear ya Steel...

You did call it when we drop to 7500 last month!!

HOLLA
  • #93,614
  • Oct 23, 2008 8:20pm Oct 23, 2008 8:20pm
Quoting Turtle
What's your s/l??

HOLLA
i never use s/l i prefer hedge..i will use my hedge if i think price possible back to my first position..because price is can't predict precisely so i didn't take s/l..
wish me luck!
  • #93,615
  • Oct 23, 2008 8:21pm Oct 23, 2008 8:21pm
Quoting nangro
i'm in long @1.609 but if @1.604 break i'll consider to hedge it..
Review again, still possible to move up more than 6090 or closed and start a new trade more carefully !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,616
  • Oct 23, 2008 8:23pm Oct 23, 2008 8:23pm
Quoting nangro
so i should closed it with -$50???
I'm not saying that. You need to determine your riskability. I won't trade cable without atleast 100 pip stop loss. She might show you an entry that you can go long again at and chase half way back to your entry and get out at breakeven, or even further. I'm not endorsing adding to a losing position, but an idea of how to reduce your loss if possible. When did you get into this trade?
Just digging in the trenches like everyone else!
  • #93,617
  • Oct 23, 2008 8:26pm Oct 23, 2008 8:26pm
Quoting manize
Review again, still possible to move up more than 6090 !
huhu yeah i'm thinking that too..hope it will move up..
wish me luck!
  • #93,618
  • Oct 23, 2008 8:26pm Oct 23, 2008 8:26pm
Quoting nangro
i never use s/l i prefer hedge..i will use my hedge if i think price possible back to my first position..because price is can't predict precisely so i didn't take s/l..
Just be careful.......

Navin finally released his hedge today....it pretty much messed up his trading and an opportunity to get pips this whole time.

I used a hedge when I first started and it smoked me bad!!!

NEVER AGAIN FOR ME!!!

But good luck if you use it!!

HOLLA
  • #93,619
  • Oct 23, 2008 8:32pm Oct 23, 2008 8:32pm
Quoting eohater
I'm not saying that. You need to determine your riskability. I won't trade cable without atleast 100 pip stop loss. She might show you an entry that you can go long again at and chase half way back to your entry and get out at breakeven, or even further. I'm not endorsing adding to a losing position, but an idea of how to reduce your loss if possible. When did you get into this trade?
almost 2 hours ago..but from your experience what is the effective s/l?..another question what is your suggest that if this week my system didn't work so i had lost pips or if i prefer to wait for my system work so i trade again?..
wish me luck!
  • #93,620
  • Oct 23, 2008 8:36pm Oct 23, 2008 8:36pm
Quoting nangro
huhu yeah i'm thinking that too..hope it will move up..
The decission depend on what lot you used !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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