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Cable Update (GBPUSD)

  • #101,121
  • Nov 25, 2008 3:56pm Nov 25, 2008 3:56pm
I hear you Bro. Just a few more for the the collection and I will be happy. I don't trade the Asian session so I won't join you long just yet but I am tempted. I just want to see it retrace a to 23% tho as there are a few sells edging her to there and if it gets there tonight (mud island time) I will definitely hop on the long train.

You have been calling long as long as I can remember today. Good call. Did you long the shite out of her?

Quoting gagakrimba
its long time dude
i wanna see 1.5600 now
Ride the Bulls bearback!
  • #101,122
  • Nov 25, 2008 3:57pm Nov 25, 2008 3:57pm
Quoting Chris_35
I had a short order at 15500 then realized that I meant to set my order at 15600 but it was too late as it was up and running. Then I got worried about it taking me another -100 on account so I closed at -20, but then of course it came down almost 50 below my short entry.
I must learn not to panic, but thats hard to do when you have a run of negative results so I think I will stop trading for a bit and take stock of whats going wrong. Or maybe really reduce my lot size for a while until I can sort myself out.
short when its on the way down dude not when its on the way up
  • #101,123
  • Nov 25, 2008 3:58pm Nov 25, 2008 3:58pm
Quoting musani
Yes if anyone can share that sign will the market slow at the moment. Anybody??

Man this mentality drives me freakin crazy. Why dont you learn to read the charts and find out for yourself if the market is going to slow. Its all right there.


Drives me crazy folks coming in here looking for someone to tell them what to do. Do yourself a favor learn for yourself what to do.
  • #101,124
  • Nov 25, 2008 3:58pm Nov 25, 2008 3:58pm
That's ok dude, I'll take the trades you would have... Short at 156 or smash the 1H62 (A student)

Quoting eohater
Bro, I'm not a master! I'm in the trenches just like you and everyone else.

I have traded Thanksgiving day before, but I doubt I will this time. I'm having it at my house this year. My wife will want my attention towards our guests/family and not on the market.
Ride the Bulls bearback!
  • #101,125
  • Nov 25, 2008 3:59pm Nov 25, 2008 3:59pm
But then why do you tell him what to do???

Quoting steelhead
Man this mentality drives me freakin crazy. Why dont you learn to read the charts and find out for yourself if the market is going to slow. Its all right there.


Drives me crazy folks coming in here looking for someone to tell them what to do. Do yourself a favor learn for yourself what to do.
Ride the Bulls bearback!
  • #101,126
  • Nov 25, 2008 4:01pm Nov 25, 2008 4:01pm
Nice close....time to add more longs
  • #101,127
  • Nov 25, 2008 4:02pm Nov 25, 2008 4:02pm
Quoting gagakrimba
short when its on the way down dude not when its on the way up

lol
Patience is the keyword here...
  • #101,128
  • Nov 25, 2008 4:03pm Nov 25, 2008 4:03pm
Quoting steelhead
Man this mentality drives me freakin crazy. Why dont you learn to read the charts and find out for yourself if the market is going to slow. Its all right there.


Drives me crazy folks coming in here looking for someone to tell them what to do. Do yourself a favor learn for yourself what to do.
Welcome back from Vegas!

He was actually asking about his daily average on his metatrader platform. I don't know that he was asking about whether the market is going to slow down or not. I should hope everyone knows when market volume is there and not. English is not his main language.
Just digging in the trenches like everyone else!
  • #101,129
  • Nov 25, 2008 4:03pm Nov 25, 2008 4:03pm
Quoting steelhead
Man this mentality drives me freakin crazy. Why dont you learn to read the charts and find out for yourself if the market is going to slow. Its all right there.


Drives me crazy folks coming in here looking for someone to tell them what to do. Do yourself a favor learn for yourself what to do.
leave her alone (i think its a her)..every1 in here is learning and if they werent they probably wont be in here..there is also the amusement aspects..

so stealhead where are we going?
  • #101,130
  • Nov 25, 2008 4:04pm Nov 25, 2008 4:04pm
Quoting gagakrimba
short when its on the way down dude not when its on the way up


WRONG WRONG WRONG. Short as its coming up not after it is going down.


Unbelievable dont listen to that. Your problem like you said was that you panicked.

Short as the market is going down come on when will some learn.
  • #101,131
  • Nov 25, 2008 4:05pm Nov 25, 2008 4:05pm
I had the same shite and it seriously blew my confidence. So I took a bit of time away, when I came back I reduced my lot size to half my previous lot and it just took so much of the emotion out of the trade that it became more fun again. Even on a half lot I cleared more than average this week but without the stress of the trade my confidence has boosted again and now I am ready to beat this beeaitch.

Quoting Chris_35
I had a short order at 15500 then realized that I meant to set my order at 15600 but it was too late as it was up and running. Then I got worried about it taking me another -100 on account so I closed at -20, but then of course it came down almost 50 below my short entry.
I must learn not to panic, but thats hard to do when you have a run of negative results so I think I will stop trading for a bit and take stock of whats going wrong. Or maybe really reduce my lot size for a while until I can sort myself out.
Ride the Bulls bearback!
  • #101,132
  • Nov 25, 2008 4:06pm Nov 25, 2008 4:06pm
Quoting alcando
That's ok dude, I'll take the trades you would have... Short at 156 or smash the 1H62 (A student)
We'll see 56 soon and I will be short from there, doubt we need to wait until Thanksgiving to see that price.

And yes, please take the trades I would have on Thanksgiving. I hope everyone makes a shit load of money on that day. Here's my thought though. Go short off 56 targeting the 1h 62/50 and go long from there. Those two trades would take us through tonight and Thanksgiving day (flushing the value of the dollar on Thanksgiving). Just a thought and view of the market. Of course, trade what you see not what you expect though.
Just digging in the trenches like everyone else!
  • #101,133
  • Nov 25, 2008 4:06pm Nov 25, 2008 4:06pm
This maybe could help u all guys
Attached Image (click to enlarge)
Click to Enlarge Name: mus.gif Size: 19 KB
GELORE
  • #101,134
  • Nov 25, 2008 4:08pm Nov 25, 2008 4:08pm
Quoting alcando
I had the same shite and it seriously blew my confidence. So I took a bit of time away, when I came back I reduced my lot size to half my previous lot and it just took so much of the emotion out of the trade that it became more fun again. Even on a half lot I cleared more than average this week but without the stress of the trade my confidence has boosted again and now I am ready to beat this beeaitch.
i know losing yur confidence can be a bitch...when i gain confidence i over trade like a bitch too..... ..im just going in circles
  • #101,135
  • Nov 25, 2008 4:08pm Nov 25, 2008 4:08pm
Quoting nAVIN2007
leave her alone (i think its a her)..every1 in here is learning and if they werent they probably wont be in here..there is also the amusement aspects..

so stealhead where are we going?

Spare the bs navin you are not going to learn by asking people what they think the market is going to do. You learn by learning what it is going to do yourself.

We have talked about this many times teh mentality of coming in here to check what folks are doing to see what you will do. Its garbage trade what you see and what you know.

If you dont know anything learn it. Dont follow blindly someone else and expect to get the same results as them.

PS I am short at 1.5510 so i guess i am short bias at the time
  • #101,136
  • Nov 25, 2008 4:08pm Nov 25, 2008 4:08pm
Quoting steelhead
WRONG WRONG WRONG. Short as its coming up not after it is going down.


Unbelievable dont listen to that. Your problem like you said was that you panicked.

Short as the market is going down come on when will some learn.

This I will have to agree on! Many jump on the short bus after she's already made her move and vice versa and end up loosing or having major draw down on their account just to make a few pips. It's all about the entry!
Just digging in the trenches like everyone else!
  • #101,137
  • Nov 25, 2008 4:13pm Nov 25, 2008 4:13pm
Quoting eohater
We'll see 56 soon and I will be short from there, doubt we need to wait until Thanksgiving to see that price.

And yes, please take the trades I would have on Thanksgiving. I hope everyone makes a shit load of money on that day. Here's my thought though. Go short off 56 targeting the 1h 62/50 and go long from there. Those two trades would take us through tonight and Thanksgiving day (flushing the value of the dollar on Thanksgiving). Just a thought and view of the market. Of course, trade what you see not what you expect though.
It's new day a new game dude.
I think we'll see 1.6000 now
  • #101,138
  • Nov 25, 2008 4:16pm Nov 25, 2008 4:16pm
Quoting eohater
This I will have to agree on! Many jump on the short bus after she's already made her move and vice versa and end up loosing or having major draw down on their account just to make a few pips. It's all about the entry!

Eohater you and I have talked about this many times. When you sell as the market is going down its to easy to get cought in a retrace and your stop losses with have to be greater. Knowing that and knowing that most in here use a tight stop loss that is a reciept for disaster.

I dont understand why some of you wont listen. Eohater is a very good trader listen to him if you dont want to listen to me. Sell as the market is going up buy as the market is going down. That concept is not a new one guys. Sell high buy low.

1.5500 was a good s/r level it shot right above that witch is perfect setup. That is what I look for.
  • #101,139
  • Nov 25, 2008 4:16pm Nov 25, 2008 4:16pm
Quoting gagakrimba
It's new day a new game dude.
I think we'll see 1.6000 now
hmmmm.....possible for sure!
Just digging in the trenches like everyone else!
  • #101,140
  • Nov 25, 2008 4:17pm Nov 25, 2008 4:17pm
Cheers chaps. I am out of this for the night. Before I leave I just want to say thank you to the US Treasury Secretary for improving the markets and damaging the dollar. His words improved my account and my international spending strength today. I am sure he trades here (probably goes by the nickname Steelhead) and makes a mint.
Ride the Bulls bearback!
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