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Cable Update (GBPUSD)

  • #93,781
  • Oct 24, 2008 9:48am Oct 24, 2008 9:48am
i see giant candles this month
When life gives you lemons, make lemonade
  • #93,782
  • Oct 24, 2008 9:49am Oct 24, 2008 9:49am
Hi all.I trade today only Us session.Made more then 200 pips.This was very quick finger trades.No time to write.But on yahoo many signals given.Me and my office are done for today.See ya on monday

For now lookks like 5730 good area to scalp for short for some pips up to 5580 area maybe.This is what i see when look at 15 m chart but maybe have to wait even 1 hr more to start this action.But in 1 hr anything could happened.Seeya maybe later
  • #93,783
  • Oct 24, 2008 9:53am Oct 24, 2008 9:53am
Quoting LuckyLurker
haha a tight sl in this market is 200+ pips!
I hear yah ...thats why im on the beach!!!

hows yur trading comin along? ..i hope yur collecting the pips
  • #93,784
  • Oct 24, 2008 10:06am Oct 24, 2008 10:06am
Quoting nAVIN2007
I hear yah ...thats why im on the beach!!!

hows yur trading comin along? ..i hope yur collecting the pips
did very well this week thanks.. you?
USD Est Non Mortuus
  • #93,785
  • Oct 24, 2008 10:10am Oct 24, 2008 10:10am
Quoting LuckyLurker
did very well this week thanks.. you?
nah!!!! i been stuck on the bench for months
i just not able to stay in trades long and with a SL of 200pips means i need to remain in for a target of at least the same.....and im just not able to do this..so i cant trade unless i can find a solution, seems i need to be on microaccount
  • #93,786
  • Oct 24, 2008 10:18am Oct 24, 2008 10:18am
nAvin,
You should try on a spreadbetting platform like igindex. Easier than having a capital base and you can trade with pennies initially.
Ride the Bulls bearback!
  • #93,787
  • Oct 24, 2008 10:26am Oct 24, 2008 10:26am
Quoting manize
Congratz !
Thank you, quicky grabbed 30 pips from EUR/USD drop too!
  • #93,788
  • Oct 24, 2008 10:31am Oct 24, 2008 10:31am
hey dudes who can tell where will be in the next couple of hour?awards awaits you
star prize 150 pips
  • #93,789
  • Oct 24, 2008 10:32am Oct 24, 2008 10:32am
If I dont go out on saturday night I could use the money to buy the whole of British Petroleum

cable ? any bets for the bottom on cable ? I reckon 1.32 - any takers ?
  • #93,790
  • Oct 24, 2008 10:33am Oct 24, 2008 10:33am
Quoting nAVIN2007
nah!!!! i been stuck on the bench for months
i just not able to stay in trades long and with a SL of 200pips means i need to remain in for a target of at least the same.....and im just not able to do this..so i cant trade unless i can find a solution, seems i need to be on microaccount

I put on big stop loss 200 pips or so, but don't target 200 pips, just get into profit by 30 pips or so and set to beak even +1, then let her ride or aim to spot a 'get out' candle like eohater has shown us. Alot of the time I get a good profit and then think oh no I have to protct it and just get out. I really have to work on my exit.

what I'm saying tho nav is just get in at good entry with large SL and then when it gets into positive +30ish move to BE and don't worry about targeting 200 pips from one trade.

It sometimes goes -50ish pips before coming back and as long as you made good entry and with the trend of the timeframe and direction of particular trade you should be alright, just don't panic.

\good luck mate hope this helps
please DON'T copy my trades I am still learning
  • #93,791
  • Oct 24, 2008 10:37am Oct 24, 2008 10:37am
I hope everyone still has their accounts intact..... Moves like this are very rare... I missed most of this move but I am satisfied with what I got...
Patience + Discipline - Greed = Success
  • #93,792
  • Oct 24, 2008 10:44am Oct 24, 2008 10:44am
Fibo 50 - 1.5794 is the final retracement ? Already 8 times she cross north and south on M1 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #93,793
  • Oct 24, 2008 10:45am Oct 24, 2008 10:45am
Quoting Infinity
I hope everyone still has their accounts intact..... Moves like this are very rare... I missed most of this move but I am satisfied with what I got...
I would say History books for this move! The are very rare in deed.

Glad you made some bro! Keep up the good work!
Just digging in the trenches like everyone else!
  • #93,794
  • Oct 24, 2008 10:45am Oct 24, 2008 10:45am
Quoting Infinity
I hope everyone still has their accounts intact..... Moves like this are very rare... I missed most of this move but I am satisfied with what I got...

Not by me. i see this movement 2 weeks ago, you can search for my post talking about a channel formed by HH - LL of a lot of months before this one and the fast pips that comes after crossed.
but, i use a suicidal management, because of my llittle account, and it burns. for just 2 pips. 2 pips!!! before drop like a bomb... (i only had 5.10 dollars, so, i put a sell order for EU at 1.3004...and price rose 1.3032 (-28)... plus variable spread (in that second EU spread reached 4.5 pips!!!!!!!) F**K!!! so, blown my account.
  • #93,795
  • Oct 24, 2008 10:54am Oct 24, 2008 10:54am
I'm not in a trade guys, but I'm liking what I see. The 1h candle, the 15m candle and the 4h on the 5ma. Might be a nice short opportunity here. I'm not going to take it because I have to run to a meeting. DAMNIT!

Good luck everyone!
Just digging in the trenches like everyone else!
  • #93,796
  • Oct 24, 2008 10:55am Oct 24, 2008 10:55am
Quoting cesarg
Not by me. i see this movement 2 weeks ago, you can search for my post talking about a channel formed by HH - LL of a lot of months before this one and the fast pips that comes after crossed.
but, i use a suicidal management, because of my llittle account, and it burns. for just 2 pips. 2 pips!!! before drop like a bomb... (i only had 5.10 dollars, so, i put a sell order for EU at 1.3004...and price rose 1.3032 (-28)... plus variable spread (in that second EU spread reached 4.5 pips!!!!!!!) F**K!!! so, blown my account.
I am sorry to hear that bro... You have to use stop losses in this business because unexpected moves do happen... Don't stress yourself though bro. We've all been there... the key is to learn from your mistakes...Keep your chin up....
Patience + Discipline - Greed = Success
  • #93,797
  • Oct 24, 2008 11:01am Oct 24, 2008 11:01am
Quoting eohater
I'm not in a trade guys, but I'm liking what I see. The 1h candle, the 15m candle and the 4h on the 5ma. Might be a nice short opportunity here. I'm not going to take it because I have to run to a meeting. DAMNIT!

Good luck everyone!
I took it, now I have to go to my meeting. Good luck if anyone takes this trade. Protect yourself. It's Friday!
Just digging in the trenches like everyone else!
  • #93,798
  • Oct 24, 2008 11:03am Oct 24, 2008 11:03am
Quoting Infinity
I am sorry to hear that bro... You have to use stop losses in this business because unexpected moves do happen... Don't stress yourself though bro. We've all been there... the key is to learn from your mistakes...Keep your chin up....
of course i use, but pip in fxcm is .10 dollar, so if i only had 5.1, and 30 pip SL are 3 dollar, so to put it or not to put it in ths case was the same thing. so i don't. anyway, enter was right. what not was right was my wallet.
still learn. i learn a lot from you and eohater. i feel confidence with my own thougths, and i see the way of the movements, but for any reason i end failing... i don't know.... there is something in my mind that i cannot read. when i fix that, i will turn winner instead of looser. time.
  • #93,799
  • Oct 24, 2008 11:03am Oct 24, 2008 11:03am
Quoting eohater
I took it, now I have to go to my meeting. Good luck if anyone takes this trade. Protect yourself. It's Friday!
It was a classic fake too...
Patience + Discipline - Greed = Success
  • #93,800
  • Oct 24, 2008 11:08am Oct 24, 2008 11:08am
lol this might be one of those 300 point drop in 3 minute days.
USD Est Non Mortuus
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