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Cable Update (GBPUSD)

  • #106,761
  • Dec 15, 2008 1:43pm Dec 15, 2008 1:43pm
Quoting musani
I follow u I never miss the train today.
Good! I'm glad you've made some good money today! I know I have. Becareful following me without knowing why I'm doing what I'm doing. I make mistakes and loose money like everyone else. The key is I know when to cut my losses. I believe you understand or are starting to understand my system though. I hope it fits your personality and your style. Don't be afraid to adjust it to fit you.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #106,762
  • Dec 15, 2008 1:44pm Dec 15, 2008 1:44pm
Quoting Abuawad
nAVIN2007, from time to time i like to have fun reading your comments, do you want me to send you a custom underwear from here
anyway, me too i'm out trading for this month also... no time and i think my underwear sorry i mean my system need to be checked and modified...
We should all check our underwear from time to time!!
Just digging in the trenches like everyone else!
  • #106,763
  • Dec 15, 2008 1:46pm Dec 15, 2008 1:46pm
I see gu is just where I left it a few hours back... I was targeting the m15 50ema initially which was under 5150 but it has moved up a bit to 5180 so I will be looking to close out there if I don't get stopped out...
Patience + Discipline - Greed = Success
  • #106,764
  • Dec 15, 2008 1:47pm Dec 15, 2008 1:47pm
Quoting eohater
We should all check our underwear from time to time!!
Patience + Discipline - Greed = Success
  • #106,765
  • Dec 15, 2008 1:50pm Dec 15, 2008 1:50pm
Quoting eohater
Good! I'm glad you've made some good money today! I know I have. Becareful following me without knowing why I'm doing what I'm doing. I make mistakes and loose money like everyone else. The key is I know when to cut my losses. I believe you understand or are starting to understand my system though. I hope it fits your personality and your style. Don't be afraid to adjust it to fit you.

Trade well!
EO
Yes EO, i always monitor my 1min chart & 30min is my leading chart. I always watch daily and weekly what will going to be happen. And that what i get now.
GELORE
  • #106,766
  • Dec 15, 2008 1:50pm Dec 15, 2008 1:50pm
Quoting Infinity
I see gu is just where I left it a few hours back... I was targeting the m15 50ema initially which was under 5150 but it has moved up a bit to 5180 so I will be looking to close out there if I don't get stopped out...
Yeah, she's moved on us, but the 1h 10 is at 5185, so that would be fine for me as well! The 4h 150 is sitting around 5150 though. We'll get our pips one way or another brother!
Just digging in the trenches like everyone else!
  • #106,767
  • Dec 15, 2008 1:51pm Dec 15, 2008 1:51pm
Quoting musani
Yes EO, i always monitor my 1min chart & 30min is my leading chart. I always watch daily and weekly what will going to be happen. And that what i get now.
Excellent! I didn't think you followed me blindly!
Just digging in the trenches like everyone else!
  • #106,768
  • Dec 15, 2008 1:52pm Dec 15, 2008 1:52pm
Quoting eohater
We should all check our underwear from time to time!!
I am cheap with my underwear - they appear to be modelled by a deformed vietnamese tailor - sometimes my meat and two veg drops out - but nobody notices

I prefer my forex shorts which only reveal my lack of forethought
  • #106,769
  • Dec 15, 2008 1:53pm Dec 15, 2008 1:53pm
Quoting eohater
Yeah, she's moved on us, but the 1h 10 is at 5185, so that would be fine for me as well! The 4h 150 is sitting around 5150 though. We'll get our pips one way or another brother!
Patience + Discipline - Greed = Success
  • #106,770
  • Dec 15, 2008 1:56pm Dec 15, 2008 1:56pm
Quoting Abuawad
nAVIN2007, from time to time i like to have fun reading your comments, do you want me to send you a custom underwear from here
anyway, me too i'm out trading for this month also... no time and i think my underwear sorry i mean my system need to be checked and modified...
  • #106,771
  • Dec 15, 2008 1:58pm Dec 15, 2008 1:58pm
Quoting goldrush
Wao, got caugth on the wrong side with this roaring train called GBP USD, will it ever retrace at the rate it is running up? My account is almost wiped out now! What a heck of a day!

Wait till it gets to 1.5400 & go long. Make some money back. Of course always use a SL!
  • #106,772
  • Dec 15, 2008 1:59pm Dec 15, 2008 1:59pm
Quoting eohater
Good job nAVIN! You need to believe in your system before you can be profitable with it! This will payoff BIG BIG BIG time for you!!

i hope so bro..good know i want to do well at this..my job sucks
  • #106,773
  • Dec 15, 2008 2:18pm Dec 15, 2008 2:18pm
Quoting nAVIN2007
i hope so bro..good know i want to do well at this..my job sucks
I can understand that! You'll get there bro!! Let me know if I can help you with your roadmap.
Just digging in the trenches like everyone else!
  • #106,774
  • Dec 15, 2008 2:21pm Dec 15, 2008 2:21pm
Long @ 1.5250
  • #106,775
  • Dec 15, 2008 2:22pm Dec 15, 2008 2:22pm
Quoting musani
I follow u I never miss the train today.
i am licking my wounds today instead of smiling to the bank for not following my own analysis which i gave on EU thread this morning at the beginning of euro session, i lost virtually all my money today following a "respected" voice on this thread and twas really painful as i have to start building my account from the meagre amount remaining in it with 0.01 lot,learn from me as you are on your in this,learn all u can and develop your own system
  • #106,776
  • Dec 15, 2008 2:24pm Dec 15, 2008 2:24pm
Quoting goldrush
Wao, got caugth on the wrong side with this roaring train called GBP USD, will it ever retrace at the rate it is running up? My account is almost wiped out now! What a heck of a day!

Two things:

1. Risk Management
2. Money Management

You must know before you enter a trade how much you are willing to risk and one you ascertain what that amount is, you implement a stop loss. Also, if you entered short at 1.4908 with price going up almost 400 pips and your account is almost blown, that means you are overleveraging. You should not risk more than 2-4% on a single trade. If you are just learning, use 1% per trade.

Good luck on your journey but you must educate yourself properly and maintain the discipline.
Patience + Discipline - Greed = Success
  • #106,777
  • Dec 15, 2008 2:25pm Dec 15, 2008 2:25pm
i closed my shorts and added a small long looks like support from the top of a trend line
  • #106,778
  • Dec 15, 2008 2:26pm Dec 15, 2008 2:26pm
Quoting gagakrimba
Long @ 1.5250
Not just yet for me!
Just digging in the trenches like everyone else!
  • #106,779
  • Dec 15, 2008 2:27pm Dec 15, 2008 2:27pm
Quoting Infinity
Two things:

1. Risk Management
2. Money Management

You must know before you enter a trade how much you are willing to risk and one you ascertain what that amount is, you implement a stop loss. Also, if you entered short at 1.4908 with price going up almost 400 pips and your account is almost blown, that means you are overleveraging. You should not risk more than 2-4% on a single trade. If you are just learning, use 1% per trade.

Good luck on your journey but you must educate yourself properly and maintain the discipline.
If I may add...

1. Trend is your friend
2. Risk management
3. Money management

There will be times for the big bets, I cant stress how many times I've been wrong but with good money management, a 1 out of 3 trade success can put some real nice grade A steak on the table.
  • #106,780
  • Dec 15, 2008 2:27pm Dec 15, 2008 2:27pm
Quoting determined
i am licking my wounds today instead of smiling to the bank for not following my own analysis which i gave on EU thread this morning at the beginning of euro session, i lost virtually all my money today following a "respected" voice on this thread and twas really painful as i have to start building my account from the meagre amount remaining in it with 0.01 lot,learn from me as you are on your in this,learn all u can and develop your own system
im sorry for yur losses bro...hope u make every penny back with interest
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