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Cable Update (GBPUSD)

  • #107,101
  • Dec 16, 2008 10:40am Dec 16, 2008 10:40am
Quoting lexazver
buy low sell high unless you buy high and sell higher
no i wont be buying the break not with cable whipsawing about
  • #107,102
  • Dec 16, 2008 10:48am Dec 16, 2008 10:48am
once again cable traders are getting a raw deal compared to euro traders
  • #107,103
  • Dec 16, 2008 10:51am Dec 16, 2008 10:51am
Quoting trader2160
Euro needs to break 1.38.That would trigger some stops to pressure the dollar generally.
my euro longs are romping well

Doubled my account in 4 weeks using no charty stuff at all

just betting opposite to big moves and selling out at break even when i got in too early
  • #107,104
  • Dec 16, 2008 10:57am Dec 16, 2008 10:57am
Quoting allserene
my euro longs are romping well

Doubled my account in 4 weeks using no charty stuff at all

just betting opposite to big moves and selling out at break even when i got in too early
Way to go dude.Im up around 50% in 4 weeks.Ive been catching the euro rallies way too late.Guess Im a little hesitant trying to defend my profits.
  • #107,105
  • Dec 16, 2008 10:58am Dec 16, 2008 10:58am
Quoting allserene
my euro longs are romping well

Doubled my account in 4 weeks using no charty stuff at all

just betting opposite to big moves and selling out at break even when i got in too early
sounds great Al. What TF are you using to pick your tops and bottoms for entry?
USD Est Non Mortuus
  • #107,106
  • Dec 16, 2008 10:59am Dec 16, 2008 10:59am
i doubled my mini account in one day.. only from GBP/USD...

After 3 years of trading i'm still learning.. today is my lucky day.. lolz..
Learn the words... speak the words
  • #107,107
  • Dec 16, 2008 11:04am Dec 16, 2008 11:04am
Quoting tingwei_98
i doubled my mini account in one day.. only from GBP/USD...

After 3 years of trading i'm still learning.. today is my lucky day.. lolz..
Nice.Just be careful.Cable is a fickle beast.She can take it back quickly too.
  • #107,108
  • Dec 16, 2008 11:04am Dec 16, 2008 11:04am
Quoting tingwei_98
i doubled my mini account in one day.. only from GBP/USD...

After 3 years of trading i'm still learning.. today is my lucky day.. lolz..
Well... that is some excellent Money Management dude... ever heard of it?
  • #107,109
  • Dec 16, 2008 11:05am Dec 16, 2008 11:05am
yeah.. been following closely the whole day.. close trade with care.. lolz.. being cautions is better than burning a hole in my bank...
Learn the words... speak the words
  • #107,110
  • Dec 16, 2008 11:06am Dec 16, 2008 11:06am
Quoting PipLand
no i wont be buying the break not with cable whipsawing about
Dude where did you go long?
  • #107,111
  • Dec 16, 2008 11:11am Dec 16, 2008 11:11am
oh man.. it's bed time in singapore.. 1.10AM!!! my 4th cup of coffee...

waiting for 5350.. wanna capture a few more pips before i start dreaming...
Learn the words... speak the words
  • #107,112
  • Dec 16, 2008 11:13am Dec 16, 2008 11:13am
Quoting trader2160
Dude where did you go long?
i am now long from 5251, 5268, 5281, 5290
  • #107,113
  • Dec 16, 2008 11:13am Dec 16, 2008 11:13am
Quoting tingwei_98
oh man.. it's bed time in singapore.. 1.10AM!!! my 4th cup of coffee...

waiting for 5350.. wanna capture a few more pips before i start dreaming...
Make sure you dont lose your stash for a few pips more.Dont worry the adrenaline will keep you up.
  • #107,114
  • Dec 16, 2008 11:14am Dec 16, 2008 11:14am
Quoting PipLand
i am now long from 5251, 5268, 5281, 5290
Big positions?Fully loaded?
  • #107,115
  • Dec 16, 2008 11:15am Dec 16, 2008 11:15am
Quoting LuckyLurker
sounds great Al. What TF are you using to pick your tops and bottoms for entry?

Seat of pants only

I flick between 15 min and 1 hour and daily to make sure I have a correct perspective on the size of moves and wait for a succession of big candles and then wait - if its dithering and time is passing and its crumbling and there is no news about, i go opposite.

If I am wrong and there is more to come, but it hasn't reached s/l, I wait until it gets back to b/e and get out as the thing was obviously stronger than i thought

It's all very artistic with little science and only works in dithery fearful markets where people are unsure of sticking with positions or going out on a limb

When confidence returns, I am sure chartists will take the lead again and the cat's whiskers method of scenting movements will no longer yield results

I reckon fundies are only useful in judging the validity of already apparent trends and charts are only useful when normality stalks the streets - and the cat's whiskers approach is of limited use too.

Switching between them in different market times appears to be the way to go

A few years ago I would describe this as 'them' changing the rules on me to cheat me out of my money - now I know its 'horses for courses'
  • #107,116
  • Dec 16, 2008 11:16am Dec 16, 2008 11:16am
Quoting trader2160
Big positions?Fully loaded?
and 5301 big enough for me anyway 20 mini lots to be exact
  • #107,117
  • Dec 16, 2008 11:18am Dec 16, 2008 11:18am
Quoting PipLand
and 5301 big enough for me anyway 20 mini lots to be exact
ill prob just get stopped out again before any action as per usual
  • #107,118
  • Dec 16, 2008 11:23am Dec 16, 2008 11:23am
Quoting PipLand
and 5301 big enough for me anyway 20 mini lots to be exact
Then youre all set.Hope you have tp stops in just in case.
  • #107,119
  • Dec 16, 2008 11:24am Dec 16, 2008 11:24am
Quoting trader2160
Then youre all set.Hope you have tp stops in just in case.
I wont get my hopes up again. But at least i had one good ride on cable today so cant complain
  • #107,120
  • Dec 16, 2008 11:32am Dec 16, 2008 11:32am
ahh good ol days of trying to get rich quick


double or nothing....double ....double or nothing....double double or nothing........nothing

repeat with remaining maring.
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