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Cable Update (GBPUSD)

  • #103,041
  • Dec 2, 2008 7:41am Dec 2, 2008 7:41am
Quoting Vourvoul
5142 is my bus stop
I am already scaling in....
Patience + Discipline - Greed = Success
  • #103,042
  • Dec 2, 2008 7:42am Dec 2, 2008 7:42am
Quoting PipLand
I have been adding shorts too so this better go down
What if it doesn't....
Patience + Discipline - Greed = Success
  • #103,043
  • Dec 2, 2008 7:42am Dec 2, 2008 7:42am
She is on the upward movement.
Lets just ride with her then
  • #103,044
  • Dec 2, 2008 7:43am Dec 2, 2008 7:43am
Quoting Infinity
What if it doesn't....
Then I cry into my cornflakes
  • #103,045
  • Dec 2, 2008 7:43am Dec 2, 2008 7:43am
Quoting PipLand
Then I cry into my cornflakes
Patience + Discipline - Greed = Success
  • #103,046
  • Dec 2, 2008 7:45am Dec 2, 2008 7:45am
still no signal for shorts but anytime now
When life gives you lemons, make lemonade
  • #103,047
  • Dec 2, 2008 7:45am Dec 2, 2008 7:45am
Quoting Infinity
What if it doesn't....
Because of this doubt I don't scale in...
  • #103,048
  • Dec 2, 2008 7:46am Dec 2, 2008 7:46am
Quoting gmohata
apologies - but thats just the silliest comment i have read for a while - how can you be a disciplined trader with real lots and real money if you cant teach yourself discipline on micro lots ? Its easy to be erratic with mini lots because the absolute loss is peanuts - but if thats your approach - stop trading now - because the market will get you sooner or later.
i dont understand your hint there, please explain
When life gives you lemons, make lemonade
  • #103,049
  • Dec 2, 2008 7:47am Dec 2, 2008 7:47am
im still flat.. waiting for entry either way. depends on dow now. Some pre-market action.. GS getting killed.
USD Est Non Mortuus
  • #103,050
  • Dec 2, 2008 7:49am Dec 2, 2008 7:49am
shit! there was diverence on the 4hr......thats why the mofo is moving up
  • #103,051
  • Dec 2, 2008 7:50am Dec 2, 2008 7:50am
Quoting Vourvoul
Because of this doubt I don't scale in...
It's all about entry and money management bro.. Even though I am scaling into my positions, when I reach 2-4% thats it, no more adding.. my first position was small at 5027, my second was larger at the 1h 62ema.. I still have room for 1 more at the 4h 50ema depending on price action...

If I am wrong, I wont be crying because my loss would still not be significant based on my money management...
Patience + Discipline - Greed = Success
  • #103,052
  • Dec 2, 2008 7:52am Dec 2, 2008 7:52am
the lines are a few places I would consider shorts. First level would be at market price. Positions would be small and would be added to if it went up.

I would also scale down to 15 minute witch i dont do much and watch the price here. if it hits a brick wall it most likely will head down. Watch the candles see if they get smaller and smaller that is a good indication the upmove is exhousted.

Back to my journal I go


Later
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  • #103,053
  • Dec 2, 2008 7:52am Dec 2, 2008 7:52am
Quoting Infinity
It's all about entry and money management bro.. Even though I am scaling into my positions, when I reach 2-4% thats it, no more adding.. my first position was small at 5027, my second was larger at the 1h 62ema.. I still have room for 1 more at the 4h 50ema depending on price action...

If I am wrong, I wont be crying because my loss would still not be significant based on my money management...
MM is indeed everything...

I like to have more than one affirmation of my trade when I take it. Then I am willing to risk my 3%.

  • #103,054
  • Dec 2, 2008 7:53am Dec 2, 2008 7:53am
Quoting nAVIN2007
im ok .. ..just was very dumb to sell on the low..oh well the mistakes continue
we're in the same boat now navin. i'm still holding here...
  • #103,055
  • Dec 2, 2008 7:53am Dec 2, 2008 7:53am
eo would of loved that bounce off 62 on the 1h. looks like 5055 held for now.
USD Est Non Mortuus
  • #103,056
  • Dec 2, 2008 7:54am Dec 2, 2008 7:54am
Quoting Infinity
It's all about entry and money management bro.. Even though I am scaling into my positions, when I reach 2-4% thats it, no more adding.. my first position was small at 5027, my second was larger at the 1h 62ema.. I still have room for 1 more at the 4h 50ema depending on price action...

If I am wrong, I wont be crying because my loss would still not be significant based on my money management...
thats the key irrespective of a trading idea... most underrated part of trading, every1 too overfocused on where its going!! rather on what they are going to do - the only thing we can control is our own actions!
Trading is 80% Emotional, 20% Technical
  • #103,057
  • Dec 2, 2008 7:55am Dec 2, 2008 7:55am
Quoting LuckyLurker
eo would of loved that bounce off 62 on the 1h.
ehehehe surely but who told you the mofo is not killing it now? hahahah
When life gives you lemons, make lemonade
  • #103,058
  • Dec 2, 2008 7:55am Dec 2, 2008 7:55am
Quoting steelhead
the lines are a few places I would consider shorts. First level would be at market price. Positions would be small and would be added to if it went up.

I would also scale down to 15 minute witch i dont do much and watch the price here. if it hits a brick wall it most likely will head down. Watch the candles see if they get smaller and smaller that is a good indication the upmove is exhousted.

Back to my journal I go


Later
good stuff, i agree with that
Trading is 80% Emotional, 20% Technical
  • #103,059
  • Dec 2, 2008 7:57am Dec 2, 2008 7:57am
Quoting micho
ehehehe surely but who told you the mofo is not killing it now? hahahah
I hope!
USD Est Non Mortuus
  • #103,060
  • Dec 2, 2008 7:57am Dec 2, 2008 7:57am
Quoting steelhead
How does that silly countertrend trading I was talking about look now spin. Long bias i was and long it went.
haha, you don't hold grudges do you? I can't remember who said it, think it may have been infinity, but it was not what you said, it was the way you said it.
well done on your pips. I remain, as ever, with the trend.
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