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Cable Update (GBPUSD)

  • #105,301
  • Dec 8, 2008 6:28pm Dec 8, 2008 6:28pm
Remarkably simple.
Quoting steelhead
My g/u analysis for the week. Sells at break of three top lines buys break below lower line

Goodbye
  • #105,302
  • Dec 8, 2008 6:32pm Dec 8, 2008 6:32pm
I went long 1.4875 ! But damn too early hit SL + 3 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,303
  • Dec 8, 2008 6:39pm Dec 8, 2008 6:39pm
Quoting Utopia
Remarkably simple.

Buy low sell high remarkably true statement.


Yet some still insist on buying and selling middles, and buyin tops and selling bottoms
  • #105,304
  • Dec 8, 2008 6:44pm Dec 8, 2008 6:44pm
Quoting manize
So sorry bro. If you are a newbie more better you try demo account first.
its my bad luck, i used demo more than 1 year, i thinks its because my physcologic
  • #105,305
  • Dec 8, 2008 6:46pm Dec 8, 2008 6:46pm
Quoting biax
its my bad luck, i used demo more than 1 year, i thinks its because my physcologic

No its cause you dont know where to buy and sell. lets just be honest
  • #105,306
  • Dec 8, 2008 6:49pm Dec 8, 2008 6:49pm
Quoting biax
its my bad luck, i used demo more than 1 year, i thinks its because my physcologic
Have you a certain system to trade ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,307
  • Dec 8, 2008 6:56pm Dec 8, 2008 6:56pm
Quoting steelhead
Buy low sell high remarkably true statement.


Yet some still insist on buying and selling middles, and buyin tops and selling bottoms
trulyremarkable statement

can i just ask, do you double up at resistance levels when price goes against you or do you set a stop ? say the price goes above 2 lines you posted earlier would you add another short at the third line or on the way to 3rd line also or just let your stop being hit, then how big is it?
  • #105,308
  • Dec 8, 2008 6:59pm Dec 8, 2008 6:59pm
Quoting manize
So sorry bro. If you are a newbie more better you try demo account first.

the thing with demo accounts is that you cannot experience real psychological issues that you do when you trade live account and therefore results are not true representation of what you will most likely achieve. its better to trade with real money imho be it even $10.
  • #105,309
  • Dec 8, 2008 7:00pm Dec 8, 2008 7:00pm
Quoting manize
Have you a certain system to trade ?
I'm using small indicator, with example from here

http://belajarforex.com/hunting-fox-...ng-system.html
  • #105,310
  • Dec 8, 2008 7:01pm Dec 8, 2008 7:01pm
I see no where in this chart where trades on this pair should have been taken at all this week. Can someone explain to me why it is so damn hard to be patient.

There are a very small few that can trade this thing with action this week. Even then I think although they are good traders they are still crazy to me.

Look at that one hour chart folks no reason until atleast those two lines are tested that you should even consider taking a trade.

Some of you make this so much harder then you have too.
Attached Image (click to enlarge)
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  • #105,311
  • Dec 8, 2008 7:03pm Dec 8, 2008 7:03pm
Quoting lexazver
the thing with demo accounts is that you cannot experience real psychological issues that you do when you trade live account and therefore results are not true representation of what you will most likely achieve. its better to trade with real money imho be it even $10.
You're right this is what I've done !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,312
  • Dec 8, 2008 7:06pm Dec 8, 2008 7:06pm
thats what i am doing right now. Not even worried about markets. that me with helmet and AK


lost hand
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  • #105,313
  • Dec 8, 2008 7:11pm Dec 8, 2008 7:11pm
Quoting steelhead
My g/u analysis for the week. Sells at break of three top lines buys break below lower line

Goodbye
Head of Steel,

Just a question for you about your system. I see the logic behind it but how do you manage your risk, i.e. how do you determine stops? I ask you this because if you applied the same technique when 1.9342 was taken out earlier this year, you would have taken a big hit unless you had a reasonable stop in place. The same could be said about other support/resistance areas when they were taken out so I am just curious to know how you ascertain your stops. Also how long do you normally hold a trade?
Patience + Discipline - Greed = Success
  • #105,314
  • Dec 8, 2008 7:13pm Dec 8, 2008 7:13pm
Quoting biax
I'm using small indicator, with example from here

http://belajarforex.com/hunting-fox-...ng-system.html
It is good, your fault is neglecting to put a Stop Loss !
Btw stay here is a good choice. We have many experts and many systems here ! Spend your time here, I am sure you will able to improve your strategy to cover your loss !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,315
  • Dec 8, 2008 7:13pm Dec 8, 2008 7:13pm
Quoting steelhead
I see no where in this chart where trades on this pair should have been taken at all this week.
What????
Patience + Discipline - Greed = Success
  • #105,316
  • Dec 8, 2008 7:17pm Dec 8, 2008 7:17pm
Quoting Infinity
Head of Steel,

Just a question for you about your system. I see the logic behind it but how do you manage your risk, i.e. how do you determine stops? I ask you this because if you applied the same technique when 1.9342 was taken out earlier this year, you would have taken a big hit unless you had a reasonable stop in place. The same could be said about other support/resistance areas when they were taken out so I am just curious to know how you ascertain your stops. Also how long do you normally hold a trade?

A very logical question. My stops are from 70-90 pips. no more than that usually. I look for support areas if i buy and set stops 20-30 below that.

If im selling 20-30 above resistance. This allows my risk reward to be 1.5/1 at the worst.

Trades can be held all week if i think its a good idea. Trend trades are held longer than counter.

I was saying for me there is no place on that chart i would consider a trade on g/u this week. Just me
  • #105,317
  • Dec 8, 2008 7:18pm Dec 8, 2008 7:18pm
Quoting steelhead
A very logical question. My stops are from 70-90 pips. no more than that usually. I look for support areas if i buy and set stops 20-30 below that.

If im selling 20-30 above resistance. This allows my risk reward to be 1.5/1 at the worst.

Trades can be held all week if i think its a good idea. Trend trades are held longer than counter.

I was saying for me there is no place on that chart i would consider a trade on g/u this week. Just me
Patience + Discipline - Greed = Success
  • #105,318
  • Dec 8, 2008 7:26pm Dec 8, 2008 7:26pm
Whats up guys
  • #105,319
  • Dec 8, 2008 7:26pm Dec 8, 2008 7:26pm
Quoting manize
It is good, your fault is neglecting to put a Stop Loss !
Btw stay here is a good choice. We have many experts and many systems here ! Spend your time here, I am sure you will able to improve your strategy to cover your loss !
yeah, thank for guide me, i will follow, this thread from now.
  • #105,320
  • Dec 8, 2008 7:29pm Dec 8, 2008 7:29pm
Quoting biax
yeah, thank for guide me, i will follow, this thread from now.

Do yourself a favor dont follow this thread. Learn to trade on your own study charts. If you follow this forum you will most likely become a casualty.

I wouldnt trust 90% of the people on here with two dollars.

Learn it for yourself.
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