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Cable Update (GBPUSD)

  • #105,521
  • Dec 9, 2008 11:01am Dec 9, 2008 11:01am
Infinity, just curious but do you trade using these MAs as s/r on other pairs?
I need to put up stop losses.
  • #105,522
  • Dec 9, 2008 11:06am Dec 9, 2008 11:06am
Quoting swap
Infinity, just curious but do you trade using these MAs as s/r on other pairs?
Yes... The h1 62ema I use only with gu though. I trade mostly gu anyway so I am not sure about the consistency with the other pairs.
Patience + Discipline - Greed = Success
  • #105,523
  • Dec 9, 2008 11:22am Dec 9, 2008 11:22am
up and down ......i hope this bloody sinks even thou i think im on the wrong side of the trade...
  • #105,524
  • Dec 9, 2008 11:28am Dec 9, 2008 11:28am
Quoting nAVIN2007
up and down ......i hope this bloody sinks even thou i think im on the wrong side of the trade...
hey Navin you long or short?
  • #105,525
  • Dec 9, 2008 11:45am Dec 9, 2008 11:45am
This mkt is more confused than a bunch of geri-farm inmates after their xmas sherry

good eh
  • #105,526
  • Dec 9, 2008 11:50am Dec 9, 2008 11:50am
Quoting PipLand
hey Navin you long or short?

short....im hoping this will break the low..
  • #105,527
  • Dec 9, 2008 11:59am Dec 9, 2008 11:59am
Quoting nAVIN2007
short....im hoping this will break the low..
wait till it retraces...then you get better entry to sell... never sell at a low... sell at a high.
  • #105,528
  • Dec 9, 2008 12:03pm Dec 9, 2008 12:03pm
Quoting mpurdy1973
wait till it retraces...then you get better entry to sell... never sell at a low... sell at a high.
absolutely..im lucky this came back down ...it may bounce back up especially since the 4hr seems bullish but i will take this risk, it appears to respected the fib retrace on dailly and 4hr time frames
  • #105,529
  • Dec 9, 2008 12:29pm Dec 9, 2008 12:29pm
Quoting nAVIN2007
absolutely..im lucky this came back down ...it may bounce back up especially since the 4hr seems bullish but i will take this risk, it appears to respected the fib retrace on dailly and 4hr time frames

You never learn do you navin? Im done trying to help you
  • #105,530
  • Dec 9, 2008 12:35pm Dec 9, 2008 12:35pm
Quoting steelhead
You never learn do you navin? Im done trying to help you
we all make mistakes mate, it's a part of trading. I'm short too Navin, on the chance that it will break the low and the downtrend will continue, I'm ready to cut my loss if it shows signs of recovery.
  • #105,531
  • Dec 9, 2008 12:39pm Dec 9, 2008 12:39pm
Quoting spintrader
we all make mistakes mate, it's a part of trading. I'm short too Navin, on the chance that it will break the low and the downtrend will continue, I'm ready to cut my loss if it shows signs of recovery.

im good bro.actually i think im cured already, im not emotional now about my trade..i think down if it goes up SL is there its all good..
  • #105,532
  • Dec 9, 2008 12:40pm Dec 9, 2008 12:40pm
Quoting spintrader
we all make mistakes mate, it's a part of trading. I'm short too Navin, on the chance that it will break the low and the downtrend will continue, I'm ready to cut my loss if it shows signs of recovery.

I agree and if it was Navin's first i would let it go.

Enough said
  • #105,533
  • Dec 9, 2008 12:43pm Dec 9, 2008 12:43pm
Quoting steelhead
You never learn do you navin? Im done trying to help you
actually bro...nobody know where cable is going for sure, its all probability and i picked down, if it goes up then i picked the wrong direction, i have accepted my losses incase trades goes against me and im good...

trade what u see and right not to impose yur view because at best yur view is worth just what u think ..

happy trading homes.keep the good work up!
  • #105,534
  • Dec 9, 2008 12:44pm Dec 9, 2008 12:44pm
Quoting nAVIN2007
im good bro.actually i think im cured already, im not emotional now about my trade..i think down if it goes up SL is there its all good..
glad to hear it! sounds like your mind is in exactly the right place for successful trading. Know the risk, accept the risk, and make informed trades. simple. now lets make some money..
  • #105,535
  • Dec 9, 2008 12:47pm Dec 9, 2008 12:47pm
Quoting spintrader
glad to hear it! sounds like your mind is in exactly the right place for successful trading. Know the risk, accept the risk, and make informed trades. simple. now lets make some money..
yes absolutely
  • #105,536
  • Dec 9, 2008 12:54pm Dec 9, 2008 12:54pm
Quoting nAVIN2007
actually bro...nobody know where cable is going for sure, its all probability and i picked down, if it goes up then i picked the wrong direction, i have accepted my losses incase trades goes against me and im good...

trade what u see and right not to impose yur view because at best yur view is worth just what u think ..

happy trading homes.keep the good work up!

you make it sound like a guessing game navin. It isnt
  • #105,537
  • Dec 9, 2008 1:04pm Dec 9, 2008 1:04pm
Quoting steelhead
you make it sound like a guessing game navin. It isnt
it isnt a guessing game u have to use yur edge to give u a higher probability of success, the bottom line is trading is something where u cannot be 100% correct so u dont need to take a bad trade personally..

all it takes is one person to have a different sentiment in the market to prove yur view is wrong, so u can never know if yur going to be right, all u can do is trade yur belief, using your edge...and i did that already..
  • #105,538
  • Dec 9, 2008 1:14pm Dec 9, 2008 1:14pm
In the sort of time frames in which many people are trading, there is no trend
- only choppiness

I just make choppiness into happiness by staying small and nipping in and out

Wouldnt like to place a big trade for a big time frame

Not now

Obama might be in jail by tonight - then what price the fibbing-natcho ratios ?
  • #105,539
  • Dec 9, 2008 2:01pm Dec 9, 2008 2:01pm
Quoting allserene
Wouldnt like to place a big trade for a big time frame
Yes it would



Quoting allserene
Obama might be in jail by tonight
What are you thinking about? Obama is not going to jail - only the gov of Ill is.
  • #105,540
  • Dec 9, 2008 2:04pm Dec 9, 2008 2:04pm
Quoting allserene
In the sort of time frames in which many people are trading, there is no trend
- only choppiness

I just make choppiness into happiness by staying small and nipping in and out

Wouldnt like to place a big trade for a big time frame

Not now

Obama might be in jail by tonight - then what price the fibbing-natcho ratios ?
al bundy hahaha
When life gives you lemons, make lemonade
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