we were supposed to touch 1.4580 before reaching 1.4637... until now its still valid but this is friday and some people are taking profit... 
When life gives you lemons, make lemonade
Cable Update (GBPUSD)
- #104,781
- Dec 5, 2008 12:50pm Dec 5, 2008 12:50pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
- #104,782
- Dec 5, 2008 12:51pm Dec 5, 2008 12:51pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
lol are you a police officer?
- #104,783
- Dec 5, 2008 12:55pm Dec 5, 2008 12:55pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
we were supposed to touch 1.4580 before reaching 1.4637... until now its still valid but this is friday and some people are taking profit...
When life gives you lemons, make lemonade
- #104,784
- Dec 5, 2008 12:58pm Dec 5, 2008 12:58pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I am a big fan of Hugh Hendry (eclectica hedge fund) and he made the decision 18 months ago (or so) that interest rates would come down and banks would be scary.
His hedge fund is UP - i said UP by 40% this year !!!!
I use technicals for 99% of my trading decisions but I do look at fundamentals too.
Patience + Discipline - Greed = Success
- #104,785
- Dec 5, 2008 12:58pm Dec 5, 2008 12:58pm
- | Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts
lol are you a police officer?
You Starsky & Hutch guys getting some good trading in today?
'Waited to "Jabber Jaw" here, until 'goal was met here today!
Ahh what a nice Friday
!I got 1/4 of next weeks goal today! Flat yahOO!
! Hope you all were able to knock down some "Pippage" today,
as well...
'Worked all night again MicHO @the Donught Factory,
Then 'got in on the retrace here. 'Took Profit @1.4622... Darn,
She just broke where i was waiting. Oh well It's a Friday.
Profit'$ Booked baby. -I was hoping for 1.4674, but wanted to book
50 pips and took'em!
Have a nice weekend guys,
Terrapin Pipper,
Jeff
!
I will work to Objectively Identify my Edges
- #104,787
- Dec 5, 2008 1:04pm Dec 5, 2008 1:04pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
Hey Navin & MicHO...
You Starsky & Hutch guys getting some good trading in today?
'Waited to "Jabber Jaw" here, until 'goal was met here today!
Ahh what a nice Friday
I got 1/4 of next weeks goal today! Flat yahOO!
Hope you all were able to knock down some "Pippage" today,
as well...
'Worked all night again MicHO @the Donught Factory,
Then 'got in on the retrace here. 'Took Profit @1.4622... Darn,
She just broke where i was waiting. Oh well It's a Friday.
Profit'$ Booked baby. -I was hoping for 1.4674, but wanted to book
50...
hey Jeff
i am still figuring out which broker should i switch to...
i have this list
oanda
hotspotfx
gfttrading
ib
do you have any experience with these brokers? what do you use?
any help would be appreciated
When life gives you lemons, make lemonade
- #104,788
- Dec 5, 2008 1:04pm Dec 5, 2008 1:04pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
nah ..i never even traded and im moving house, im considering taking my 3k and just working like b**ch.....i dont thinking trading is for me..i just cannot accept taking the risk....i can trade i know this..technically i know whats happening but the mental neccessary aspects are just not there...
glad to see u making pips...
keep it going
glad to see u making pips...
keep it going
- #104,789
- Dec 5, 2008 1:05pm Dec 5, 2008 1:05pm
- | Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts
52 Pips Moew-
On the Retrace up... That i consider good on 3hr's sleep.
done for the weekend. 52 is fine for me considering.
Have a great one,
Terrapin Pipper,
Jeff!
On the Retrace up... That i consider good on 3hr's sleep.
done for the weekend. 52 is fine for me considering.
Have a great one,
Terrapin Pipper,
Jeff
!
I will work to Objectively Identify my Edges
- #104,791
- Dec 5, 2008 1:09pm Dec 5, 2008 1:09pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
how trade today everyone?? nav, u make some pips??
I feel like bradd pitt in a sunday night singles club
I just cant miss !
- #104,793
- Dec 5, 2008 1:14pm Dec 5, 2008 1:14pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
its too easy ! you just short every peak and hop out when it stalls
I feel like bradd pitt in a sunday night singles club
I just cant miss !
week has been the worst i have had...even worse than august only i was trading at 0.01 so damage was reduced like crazy..but i think this i lost £23 which is around -250 pips maybe -300
which is rediculious..account blowing stuff...the joke is i lost that in one day! yesterday
- #104,794
- Dec 5, 2008 1:17pm Dec 5, 2008 1:17pm
- | Commercial User | Joined May 2008 | 1,334 Posts
nah no pips bro .i didnt even trade
week has been the worst i have had...even worse than august only i was trading at 0.01 so damage was reduced like crazy..but i think this i lost £23 which is around -250 pips maybe -300
which is rediculious..account blowing stuff...the joke is i lost that in one day! yesterday
Navin email me this weekend lets talk. I think I have something that might help you.
Later
- #104,795
- Dec 5, 2008 1:19pm Dec 5, 2008 1:19pm
- | Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts
nah ..i never even traded and im moving house, im considering taking my 3k and just working like b**ch.....i dont thinking trading is for me..i just cannot accept taking the risk....i can trade i know this..technically i know whats happening but the mental neccessary aspects are just not there...
Glad to see u making pips...
I began trading to pay for my parents situation... Home
needed help/taxes paid, then it's bills of theirs @age 84,
and then nursing home.
All... "JUST Causes", you would think to... save their home!
-NOT, at all a reason to Trade though.
You trade... to become a great trader. If that's the goal it works. .!
I lost "Hoping" on GBP/Jappy... not smart @all picking a bottom
on that one.
-I figured that's it no more funding. Back's up against the wall.
This has got to Change, I remember Mike (Senior) telling 'guy
"You Can do this thing now" basically get up and do it!
So that's it chisel the little that you can, and get thru it.
Navin, Have a great move buddy & enjoy your new home.
There have a great weekend away from the Trading look fwd
to seeing you in here 'next week or so when you can,
Terrapin Pipper,
Jeff
!
I will work to Objectively Identify my Edges
- #104,796
- Dec 5, 2008 1:21pm Dec 5, 2008 1:21pm
- | Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts
I will work to Objectively Identify my Edges
- #104,797
- Dec 5, 2008 1:25pm Dec 5, 2008 1:25pm
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
I am a big fan of Hugh Hendry (eclectica hedge fund) and he made the decision 18 months ago (or so) that interest rates would come down and banks would be scary.
His hedge fund is UP - i said UP by 40% this year !!!!
He went for US treasuries only
That wasnt done with charts although he is into chart history big style
So a long term correct analysis of fundamentals can pay off massively. If that analysis is used as a backdrop to nip in and out of the market on peaks and troughs as defined by charts then...
I am also very big hugh hendry, only guy apart from jim rogers that actually talk any sense on cnbc and bloomberg.....
http://search.cnbc.com//main.do?targ...me=0&pubfreq=h
his videos on cnbc
Trading is 80% Emotional, 20% Technical
- #104,798
- Dec 5, 2008 1:26pm Dec 5, 2008 1:26pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
Hey Alan, i love your new avatar
no takers so far
I guess there must be some scousers on here but they are independant of anywhere i reckon
jeez my shares are shot to ribbons - think I will have to do more on forex
at least there is some sort of trend on forex
- #104,799
- Dec 5, 2008 1:29pm Dec 5, 2008 1:29pm
nah ..i never even traded and im moving house, im considering taking my 3k and just working like b**ch.....i dont thinking trading is for me..i just cannot accept taking the risk....i can trade i know this..technically i know whats happening but the mental neccessary aspects are just not there...
glad to see u making pips...
http://stockcharts.com/school/doku.p...stick_bullish_
Check out this site as well and just watch for the candle setups on cable and combine it with your analysis, only enter if the candles tell you it is much less stressful. Even if you just trade in your head to where you would enter, Don't give up.
please DON'T copy my trades I am still learning
- #104,800
- Dec 5, 2008 1:29pm Dec 5, 2008 1:29pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts