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Cable Update (GBPUSD)

  • #98,221
  • Nov 13, 2008 3:17pm Nov 13, 2008 3:17pm
Quoting fx local
well done mate, that was hell of a trade A1 stuff.....
Your video inspired me, Thanks bro! Since I closed out my short too early and missed the fall, I figured I could build a nice long position and it worked out.
Just digging in the trenches like everyone else!
  • #98,222
  • Nov 13, 2008 3:18pm Nov 13, 2008 3:18pm
Quoting nAVIN2007
i hear yah ...
this is unbelieveble
Just closed out my losing position. Missed the short train and jumped on at stupid level, which is obvious in hindsight (always is). Also, I kept trade open for too long, using a vague mental stop. My stupid mistake. I'm not trading any more today and will instead look at the market afresh tomorrow.

Advice of thinking in terms of pips is spot on, as until one can master this basic discipline, all the technical and fundamental knowledge in the world will be wasted. You have a pretty good technical handle on the market, Navin. Don't let this go to waste with lax money management, irrespective of the lot size involved. I definitely lacked discipline myself today.

Luckily, I made some money in equities to cushion some of the losses. Signs look good for an intermediate bottom in the S&P500, with the sharp reversal seen after the double bottom was hit earlier. This should give markets some confidence in the short term, that we have a level where buyers are likely to emerge.

Well done to all those who made good pips today!

Cheers
  • #98,223
  • Nov 13, 2008 3:19pm Nov 13, 2008 3:19pm
Quoting Infinity
Really??
Yes. Because he was saying its gonna go up, that the big boys played the little guys. lol he was right. Admitt it
  • #98,224
  • Nov 13, 2008 3:20pm Nov 13, 2008 3:20pm
Quoting bkg102665
Could I possibly get a look at the video or is it private
http://www.cnbc.com/id/15840232?video=927329531&play=1

http://www.cnbc.com/id/15840232?video=927155002&play=1

there were two, just some analyst insights on sterling outlook,
Trading is 80% Emotional, 20% Technical
  • #98,225
  • Nov 13, 2008 3:20pm Nov 13, 2008 3:20pm
Quoting eohater
This is something I have found challenging with trading off of 4h candles only. Not everyone's 4h candle closes at the same time. 15m, 1h do though. We're not all on the same page with 4h candles.
That's true...
Patience + Discipline - Greed = Success
  • #98,226
  • Nov 13, 2008 3:21pm Nov 13, 2008 3:21pm
Quoting eohater
Just closed my long from 4575 at 4875. Now I will wait for it to pull back to show me a new entry. Since I missed the major move down today, I figured I would start building longs at 4575 down to 4475. It worked out. I would have to say thank you to FX Local for sharing his video this morning.
Haven't close mine yet.
I would like to see 1.5XXX before i close
  • #98,227
  • Nov 13, 2008 3:21pm Nov 13, 2008 3:21pm
Quoting Infinity
Really??
I agree bro! He was calling long 300 pips ago. I don't know about you, but I don't like that amount of drawdown on my account. Last I saw, he was short this morning like everyone else.

Steelhead is a good trader, he's our resident countertrend trader. There is nothing wrong with countertrend trading people, but you need to know what you're doing to be successful.
Just digging in the trenches like everyone else!
  • #98,228
  • Nov 13, 2008 3:22pm Nov 13, 2008 3:22pm
Quoting eohater
Your video inspired me, Thanks bro! Since I closed out my short too early and missed the fall, I figured I could build a nice long position and it worked out.
was it pamela the blonde that done it!! glad to be of assistance anyway!
Trading is 80% Emotional, 20% Technical
  • #98,229
  • Nov 13, 2008 3:22pm Nov 13, 2008 3:22pm
Quoting onsfx
LOL i guess steelehead was right the whole time... LOL why was everyone hatin on him and talkin trash. Steelhead i gotta admitt good call man


Dont bother man they will just come back and say i was callin longs 500 pips higher witch i was. Made pips of it too. Short from 1.4940 last night wasnt to bad either.

I was in the mountains when this all happened or I would have been a buyer down there.

My friend dont try and convince folks that I know what i am doing I prefer they think Im an idiot.

Better that way
  • #98,230
  • Nov 13, 2008 3:23pm Nov 13, 2008 3:23pm
where do u want to buy people?
When life gives you lemons, make lemonade
  • #98,231
  • Nov 13, 2008 3:25pm Nov 13, 2008 3:25pm
Quoting eohater
I agree bro! He was calling long 300 pips ago. I don't know about you, but I don't like that amount of drawdown on my account. Last I saw, he was short this morning like everyone else.

Steelhead is a good trader, he's our resident countertrend trader. There is nothing wrong with countertrend trading people, but you need to know what you're doing to be successful.


Eohater is a good man. I need to post some pics of my hike today it was so gorgeous. I was so refreshing for my mind and body to get away for awhile.


I dont know if I would say that I am counter trend trader more looking for the reversal. No worries made money on short side and will short again soon then buy later.
  • #98,232
  • Nov 13, 2008 3:26pm Nov 13, 2008 3:26pm
Quoting onsfx
Yes. Because he was saying its gonna go up, that the big boys played the little guys. lol he was right. Admitt it
Ok, you need to understand big boys and little guys. Who are the big boys? It's our governments. Plain and simple! Little guys, is everyone else.

Now, basic fundamental of trading is Supply and Demand. It's that simple. The "Big Boys" could give a shit about our little amount that we have out there.

If you don't believe me, call your bank and ask to talk with their treasury department. They loose and make money just like we do in the markets.

I don't think anyone needs to admit shit about being right or wrong. It goes back to trading styles and risk:reward appetites.
Just digging in the trenches like everyone else!
  • #98,233
  • Nov 13, 2008 3:27pm Nov 13, 2008 3:27pm
Quoting fx local
was it pamela the blonde that done it!! glad to be of assistance anyway!
It was bro! She's freakin hot! I think I need to make a trip to see her when I'm across the pond next year.
Just digging in the trenches like everyone else!
  • #98,234
  • Nov 13, 2008 3:30pm Nov 13, 2008 3:30pm
Quoting micho
where do u want to buy people?
4780 for me.
Just digging in the trenches like everyone else!
  • #98,235
  • Nov 13, 2008 3:31pm Nov 13, 2008 3:31pm
maybe one day other traders in here will realize to respect other peoples opinions... keep posting man i like ur posts, and ur concept of trading this market.
  • #98,236
  • Nov 13, 2008 3:31pm Nov 13, 2008 3:31pm
Quoting onsfx
Yes. Because he was saying its gonna go up, that the big boys played the little guys. lol he was right. Admitt it
At what price was this said...? and how many pips did it go down before it went up..?
I dont know about you, but I made some good money on my shorts all week. I hope steelhead made some good pips too. As Fx Local just stated, its all about timing.

ps.. You remind me of someone from the geppy forum that said price was going back to 240.xx when the price was at 210, it subsequently went as low as 138.xx.. I guess he could be right if it goes to 240 in the next 2 or three years.... right?
Patience + Discipline - Greed = Success
  • #98,237
  • Nov 13, 2008 3:32pm Nov 13, 2008 3:32pm
Quoting eohater
It was bro! She's freakin hot! I think I need to make a trip to see her when I'm across the pond next year.
Combining business with pleasure.......I like it!!!

HOLLA
  • #98,238
  • Nov 13, 2008 3:33pm Nov 13, 2008 3:33pm
[quote=eohater;2348548]Ok, you need to understand big boys and little guys. Who are the big boys? It's our governments. Plain and simple! Little

Bro Chill out man. alot of people here where trashing him, so i decided to show him that not everyone here disagrees with him..

U dig?
  • #98,239
  • Nov 13, 2008 3:34pm Nov 13, 2008 3:34pm
Quoting onsfx
maybe one day other traders in here will realize to respect other peoples opinions... keep posting man i like ur posts, and ur concept of trading this market.
It is about respect! I do respect steelhead. He's a good guy and I have nothing against him.

I've been reading so much bullshit and bitching and moaning over the last couple of days that I'm fucking tired of it. I called my exwife last night just to get primed up to bitch in the forum today so I'm sorry for the short fuse!
Just digging in the trenches like everyone else!
  • #98,240
  • Nov 13, 2008 3:35pm Nov 13, 2008 3:35pm
Quoting Infinity
At what price was this said...? and how many pips did it go down before it went up..?
I dont know about you, but I made some good money on my shorts all week. I hope steelhead made some good pips too. As Fx Local just stated, its all about timing.

ps.. You remind me of someone from the geppy forum that said price was going back to 240.xx when the price was at 210, it subsequently went as low as 138.xx.. I guess he could be right if it goes to 240 in the next 2 or three years.... right?
I never posted anything bout any prices, i just said he was right about it going up when alot of u starting posting trash towards him. Thats it man.
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