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Cable Update (GBPUSD)

  • #105,501
  • Dec 9, 2008 11:06am Dec 9, 2008 11:06am
Went short off the 1hr 62 ema.

Anyone want to mentor a moose who keeps losing all the money he makes ?

The market giveth, and the market taketh away......
  • #105,502
  • Dec 9, 2008 11:08am Dec 9, 2008 11:08am
Quoting allserene
I am applying my highly scientific - 'go contra after big moves system' again today

When you think about it, nobody can make a cent unless they take their profit, so any big move is accompanied by a retrace - small or large - it has to happen otherwise its all just paper profits

I have made 80% winning trades in the last 3 weeks using no other indicators at all

I guess this works in a range trading fear market - but it cant last and a big sustained move would break me without s/l's

Let the fear continue
what t/f u looking at Al
  • #105,503
  • Dec 9, 2008 11:09am Dec 9, 2008 11:09am
dows picking up gotta be a little careful with my shorts i think
  • #105,504
  • Dec 9, 2008 11:10am Dec 9, 2008 11:10am
I went long at 1.4778
  • #105,505
  • Dec 9, 2008 11:11am Dec 9, 2008 11:11am
big stops at 1.2980 on eurusd ( si i;ve been told ) euro will most likely move to take them out and can drag pound along with it. Also key level on s and p 920 to watch if it breaks out dollar will be in trouble more.
  • #105,506
  • Dec 9, 2008 11:12am Dec 9, 2008 11:12am
Quoting PipLand
hey guys whos short then?? im targeting 1.4563, gotta get past 4663 i know but achievable i reckon
I don't wanna a short as long as E/U still fly up !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,507
  • Dec 9, 2008 11:13am Dec 9, 2008 11:13am
Quoting lexazver
big stops at 1.2980 on eurusd ( si i;ve been told ) euro will most likely move to take them out and can drag pound along with it. Also key level on s and p 920 to watch if it breaks out dollar will be in trouble more.

what an excellent call
  • #105,508
  • Dec 9, 2008 11:15am Dec 9, 2008 11:15am
Quoting allserene
I am applying my highly scientific - 'go contra after big moves system' again today

When you think about it, nobody can make a cent unless they take their profit, so any big move is accompanied by a retrace - small or large - it has to happen otherwise its all just paper profits

I have made 80% winning trades in the last 3 weeks using no other indicators at all

I guess this works in a range trading fear market - but it cant last and a big sustained move would break me without s/l's

Let the fear continue
with you on that onebuddy especially last last week that was the best way to make money. on monday i got scared abit and cloed my shorts - should have waited, but i htought it could rally like 500 or something at the rate it was going.
  • #105,509
  • Dec 9, 2008 11:17am Dec 9, 2008 11:17am
Quoting Chris_35
I went long at 1.4778
t/p 1.4823
  • #105,510
  • Dec 9, 2008 11:21am Dec 9, 2008 11:21am
Quoting Chris_35
what t/f u looking at Al
As Sarah Palin might say, 'whats a t/f' ? No actually she would say ' I haven't decided that yet but I am sure my party will reach a consensus'

is it toffee fudge ? If so then its its a nestle !
  • #105,511
  • Dec 9, 2008 11:24am Dec 9, 2008 11:24am
Quoting allserene
I am applying my highly scientific - 'go contra after big moves system' again today

When you think about it, nobody can make a cent unless they take their profit, so any big move is accompanied by a retrace - small or large - it has to happen otherwise its all just paper profits

I have made 80% winning trades in the last 3 weeks using no other indicators at all

I guess this works in a range trading fear market - but it cant last and a big sustained move would break me without s/l's

Let the fear continue
range trading can be wary wary twicky .. fun though.
USD Est Non Mortuus
  • #105,512
  • Dec 9, 2008 11:29am Dec 9, 2008 11:29am
looks like euro is determined to get to and probably above that 1.3 mark in case it does pound should follow.
  • #105,513
  • Dec 9, 2008 11:31am Dec 9, 2008 11:31am
Quoting LuckyLurker
range trading can be wary wary twicky .. fun though.
YES - the big finger in the sky gets sick of giving me money this easily and swings a biggy just before I get my s/l in position

He /she does it by:
A computer blow up
B ISP goes down
C broker website goes down

I then fall on the floor and bite the carpet until i get reconnected - at which stage the account has blown

That happened 4 years ago but doesnt happen any more !

Actually the biggest incident was when I moved from England to Milwaukee and left a position running by mistake and it took 2 weeks to get my computer set up - I made enough profit to buy a new motorbike ! and all by mistake.
  • #105,514
  • Dec 9, 2008 11:51am Dec 9, 2008 11:51am
Quoting allserene

Actually the biggest incident was when I moved from England to Milwaukee and left a position running by mistake and it took 2 weeks to get my computer set up - I made enough profit to buy a new motorbike ! and all by mistake.
nice!
USD Est Non Mortuus
  • #105,515
  • Dec 9, 2008 11:52am Dec 9, 2008 11:52am
Quoting allserene
YES - the big finger in the sky gets sick of giving me money this easily and swings a biggy just before I get my s/l in position

He /she does it by:
A computer blow up
B ISP goes down
C broker website goes down

I then fall on the floor and bite the carpet until i get reconnected - at which stage the account has blown

That happened 4 years ago but doesnt happen any more !

Actually the biggest incident was when I moved from England to Milwaukee and left a position running by mistake and it took 2 weeks to get my computer set up - I made enough...
ahhh the good mistakes happened to me once when i put on an order 10 times the one i actually wanted by pressing 0 too many times and not checking ( opportunity came up to qiockly out of nowhere), then went to make cup of tea and price straight away moved in my direction came back 10 min later to find out that i almost made enough for my weekly target.
  • #105,516
  • Dec 9, 2008 12:06pm Dec 9, 2008 12:06pm
Quoting lexazver
ahhh the good mistakes happened to me once when i put on an order 10 times the one i actually wanted by pressing 0 too many times and not checking ( opportunity came up to qiockly out of nowhere), then went to make cup of tea and price straight away moved in my direction came back 10 min later to find out that i almost made enough for my weekly target.
aint that nice ! Its better to be born lucky than talented as ringo starr used to say

my dad used to say that if i fell in the sewage works i would come up smelling of roses

also an ability to self deceive when losses occur is a very important attribute and keeps you in the game
  • #105,517
  • Dec 9, 2008 12:14pm Dec 9, 2008 12:14pm
Quoting allserene
aint that nice ! Its better to be born lucky than talented as ringo starr used to say

my dad used to say that if i fell in the sewage works i would come up smelling of roses

also an ability to self deceive when losses occur is a very important attribute and keeps you in the game
especially if you are a gambler , reminds me of friend of mine when he went to casino first couple of times, seemed like anyhting he did he won, he would place 1 chip on the roulet number and it would come up o_O , one time he felt like betting on zero and out of 5 or 6 bets he placed, zero came out 4 times ( 3 of them were in a row) i was like
  • #105,518
  • Dec 9, 2008 12:15pm Dec 9, 2008 12:15pm
I am more than likely wrong but does anyone see a possible short around 1.48. All three of my EMA (5, 10, 62) and converging. I will obviously wait until it gets sorted out but this is strange.

So is the market and life!
  • #105,519
  • Dec 9, 2008 12:19pm Dec 9, 2008 12:19pm
Quoting Mojea
I am more than likely wrong but does anyone see a possible short around 1.48. All three of my EMA (5, 10, 62) and converging. I will obviously wait until it gets sorted out but this is strange.

So is the market and life!
Nearly got caught - that last push up kept going further than i thought

so i jus kept doubling my bet and sucking on chocolate biscuits

Got out of it with a profit again but this cant go on - its too easy - just shorting every big spike isnt very clever even if it does work (has done)

caution time
  • #105,520
  • Dec 9, 2008 12:32pm Dec 9, 2008 12:32pm
I am waiting for the day chart to clear up..... but so far short is looking better..
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Patience + Discipline - Greed = Success
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