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Cable Update (GBPUSD)

  • #94,341
  • Oct 28, 2008 9:11am Oct 28, 2008 9:11am
Consumer confidence @ 38 and the thing does not move , if anything the dollar gets stronger
Please ask questions and share your experiences with us all!
  • #94,342
  • Oct 28, 2008 9:12am Oct 28, 2008 9:12am
Quoting bkg102665
Consumer confidence @ 38 and the thing does not move , if anything the dollar gets stronger

Bad news hurts equities = stronger dollar "Lately" .. nothing is really happening either way yet.. dow fell off high, bit but seems to be holding.
USD Est Non Mortuus
  • #94,343
  • Oct 28, 2008 9:15am Oct 28, 2008 9:15am
Quoting albashir
i keep getting wipped....my acct is draining......pls 'expert' help me out.
u should stop trading for a while if u get 3 losses streak on a day...
u should begin trading tommorow, so u got a fresh brain and on a nice shape to do anything
Money management is good for your health...
  • #94,344
  • Oct 28, 2008 9:23am Oct 28, 2008 9:23am
The Big Secret to trading is money management/discipline.
Unfortunately for me, I forgot about it this week and gave back £5.5K.
Am now starting over with a few hundred £'s.
  • #94,345
  • Oct 28, 2008 9:25am Oct 28, 2008 9:25am
play 0.1 lot until u got $2000, then go 0.5 lots

Quoting Mearzo
The Big Secret to trading is money management/discipline.
Unfortunately for me, I forgot about it this week and gave back £5.5K.
Am now starting over with a few hundred £'s.
Money management is good for your health...
  • #94,346
  • Oct 28, 2008 9:26am Oct 28, 2008 9:26am
Quoting albashir
i keep getting wipped....my acct is draining......pls 'expert' help me out.
Sorry don;t know what you did.Just put 200 pips SL anything will be fine.Sooner or later you will get your price.

Joking.Find me on on some messenger.Yahoo if possible
  • #94,347
  • Oct 28, 2008 9:31am Oct 28, 2008 9:31am
I use a spreadbetting platform, so my minimum per point/pip is £1. I put my greedy head on and started trading at £10 per point.
My positions were liquidated - 7 points later the market turned and came back my way, too late
  • #94,348
  • Oct 28, 2008 9:38am Oct 28, 2008 9:38am
New bounce from 1 hr gann 5600.If thet one flips and close that way new shorts are ok in my thinking.I that is what will i most likly do.If flips of course.Until brak on 1 hr or 4 hr gann we are in range until new daily low or high but as last time i was speaking about this situation better to go down because then we have trend continue and on up 1st we have retrace with possible up trend but we dont know how big will be retrace.See ya later
  • #94,349
  • Oct 28, 2008 9:43am Oct 28, 2008 9:43am
Quoting eohater
I love the 1h 62ema! Just close 3 out for 150 and have 3 more at SL +10. I'm going to bed. I'll see everyone during the US Session!
Just got to my office. Took another 6 short off the 1h 62ema again when I got up. Just closed 3 out for another 150 and set the other 3 at SL+10.

I LOVE THE 1h 62EMA!

I'm busy this morning at my office. I'll be around but limited. I might not trade again today but if the setup is right I'll take it!
Just digging in the trenches like everyone else!
  • #94,350
  • Oct 28, 2008 9:59am Oct 28, 2008 9:59am
Almost everything tells me that 5600 is strong support and some little things say go short.So i do and looking for 5555 area then 5510,5410 and great 5300.This is highly risky for me and with out confrm but i will do it.Hope i will not lost many pips buy end of week
  • #94,351
  • Oct 28, 2008 10:01am Oct 28, 2008 10:01am
Quoting Mearzo
I use a spreadbetting platform, so my minimum per point/pip is £1. I put my greedy head on and started trading at £10 per point.
My positions were liquidated - 7 points later the market turned and came back my way, too late
mate you have learnt that money management is key, just don't do it again and keep to the £1 a point until you've built up enough to go £2 a point. Personally I would say you need £1k to play £1 a point minimum. You can change to a different spread bet firm with smaller lots.

Good luck, put it all down to experience
please DON'T copy my trades I am still learning
  • #94,352
  • Oct 28, 2008 10:04am Oct 28, 2008 10:04am
Quoting eohater
Just got to my office. Took another 6 short off the 1h 62ema again when I got up. Just closed 3 out for another 150 and set the other 3 at SL+10.

I LOVE THE 1h 62EMA!

I'm busy this morning at my office. I'll be around but limited. I might not trade again today but if the setup is right I'll take it!
Moved my SL just above the 1h 50.
Just digging in the trenches like everyone else!
  • #94,353
  • Oct 28, 2008 10:07am Oct 28, 2008 10:07am
Quoting eohater
Moved my SL just above the 1h 50.
you the man

I've been out since this morning so have missed all the action

1hr 62ema is the nuts!
please DON'T copy my trades I am still learning
  • #94,354
  • Oct 28, 2008 10:11am Oct 28, 2008 10:11am
Quoting ezmystic
you the man

I've been out since this morning so have missed all the action

1hr 62ema is the nuts!
I'm not the man bro! I'm still learning like everyone else. I just trust the 1h 62ema. She paid me well last night and again today. We'll see where she goes from here. I wouldn't be surprised to see her bounce off the 1h 50 which is in line with the 1h 10.

Good luck trading to everyone!
Just digging in the trenches like everyone else!
  • #94,355
  • Oct 28, 2008 10:17am Oct 28, 2008 10:17am
Quoting eohater
I'm not the man bro! I'm still learning like everyone else. I just trust the 1h 62ema. She paid me well last night and again today. We'll see where she goes from here. I wouldn't be surprised to see her bounce off the 1h 50 which is in line with the 1h 10.

Good luck trading to everyone!
Great trading bro.......

I'm studying and learning everyday.....:nerd:

HOLLA
  • #94,356
  • Oct 28, 2008 10:20am Oct 28, 2008 10:20am
Quoting Turtle
Great trading bro.......

I'm studying and Partying everyday.....:nerd:

HOLLA


I corrected your typo
Just Trade It
  • #94,357
  • Oct 28, 2008 10:24am Oct 28, 2008 10:24am
Quoting Big Wave Rider
I corrected your typo


Your right! He did have a major typo there!
Just digging in the trenches like everyone else!
  • #94,358
  • Oct 28, 2008 10:32am Oct 28, 2008 10:32am
Quoting eohater
I'm not the man bro! I'm still learning like everyone else. I just trust the 1h 62ema. She paid me well last night and again today. We'll see where she goes from here. I wouldn't be surprised to see her bounce off the 1h 50 which is in line with the 1h 10.

Good luck trading to everyone!
I know it took me a while to trust the 1hr 62ema, but now I have faith in it. I caught the 1st one off it early this morning UK time. I'm keeping an eye out on the 1hr lines
please DON'T copy my trades I am still learning
  • #94,359
  • Oct 28, 2008 10:36am Oct 28, 2008 10:36am
I went long from 1.5585 ! The clue on M1 is very clearly ! And closed +40 pips !
Attached Image (click to enlarge)
Click to Enlarge Name: retrace281008b.gif Size: 42 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,360
  • Oct 28, 2008 10:38am Oct 28, 2008 10:38am
If you guys like humor then check out my Ultimate B.S Thread in the members lounge. And please give me a one star rating for being terrible. Thanks

http://www.forexfactory.com/showthre...=48794&page=48
Just Trade It
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