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Cable Update (GBPUSD)

  • #108,001
  • Dec 18, 2008 11:25am Dec 18, 2008 11:25am
So whos going long here people.
  • #108,002
  • Dec 18, 2008 11:25am Dec 18, 2008 11:25am
Quoting gagakrimba
It broke S3 then reverse.
Maybe this time it'll penetrate further
It did
  • #108,003
  • Dec 18, 2008 11:26am Dec 18, 2008 11:26am
Quoting leu02cz
now?
unloaded maybe?
PIPPED TO THE LINE
  • #108,004
  • Dec 18, 2008 11:26am Dec 18, 2008 11:26am
Ok, I will try to make a complain first to the seller.

But... I'm not educated enough in Forex Trading because I'm joining Forex by someone who tell Me using a profitable software. But then, it sucks!!

  • #108,005
  • Dec 18, 2008 11:26am Dec 18, 2008 11:26am
DAMM......WTF......

Had to talk to my computer guy to get my kids laptop set up for X-mas, and come back and see that she is still dropping.

Might hold off on an entry. :nerd:

HOLLA
  • #108,006
  • Dec 18, 2008 11:27am Dec 18, 2008 11:27am
Whoa mamma nevermind
  • #108,007
  • Dec 18, 2008 11:27am Dec 18, 2008 11:27am
well that last move down hit my SL for a 87 pip loss. Should have stayed away while I was up 332 for the day. Just cant help it, I know I should walk away right now, but this thing just keeps moving. More trades coming, I can feel it.
  • #108,008
  • Dec 18, 2008 11:28am Dec 18, 2008 11:28am
Pound is really getting abused
  • #108,009
  • Dec 18, 2008 11:29am Dec 18, 2008 11:29am
This is massive... look at the weekly chart...
Patience + Discipline - Greed = Success
  • #108,010
  • Dec 18, 2008 11:30am Dec 18, 2008 11:30am
Quoting Turtle
DAMM......WTF......

Had to talk to my computer guy to get my kids laptop set up for X-mas, and come back and see that she is still dropping.

Might hold off on an entry. :nerd:

HOLLA
wow what a harsh move!! got stopped out on a few there.
Trading is 80% Emotional, 20% Technical
  • #108,011
  • Dec 18, 2008 11:32am Dec 18, 2008 11:32am
That is ridiculous. What the chart had gained during the last and this week, he looses in a few hours. Dawn.

D.
  • #108,012
  • Dec 18, 2008 11:32am Dec 18, 2008 11:32am
Quoting Turtle
DAMM......WTF......

Had to talk to my computer guy to get my kids laptop set up for X-mas, and come back and see that she is still dropping.

Might hold off on an entry. :nerd:

HOLLA
She's on a freaking war path brother. Were your shorts still open for this? I hope so brother. I got stopped out, back in at 4900. Just can't resist!
Just digging in the trenches like everyone else!
  • #108,013
  • Dec 18, 2008 11:34am Dec 18, 2008 11:34am
Quoting gagakrimba
I think it will go to 1.4920.
It overshoot by 20 pips
  • #108,014
  • Dec 18, 2008 11:34am Dec 18, 2008 11:34am
this is crazy they are buying up dollar like anything
  • #108,015
  • Dec 18, 2008 11:34am Dec 18, 2008 11:34am
Quoting eohater
Return your software for a refund. You don't need any fancy software to trade this market. You just need the proper tools and education. Once you get your refund back. Put it in the bank and go demo, demo, demo til you find a system that works for you.

Good luck!
EO
excellent advice

I recovered from my bad times by only using tiny positions until i got my confidence back - demo doesnt really give you the same emotional torture which has to be shrugged off as part of learning so i did a lot of tiny trades aimed at making 20 dollars each time. I was so mean that even $20 stings hurt - now it has to be 30 haha !


when you get a good % correct you can scale up slowly....

if your stops are being whipped out, try trading without s/l's but a tiny position only so you can take a 100 point move without popping your brain arteries - only do this when you are when you are usually better than 62.765147821% correct and sat at the screen though

and in a market like this - extreme care and no overnight positions if poss !
  • #108,016
  • Dec 18, 2008 11:35am Dec 18, 2008 11:35am
another messy chart!
Attached Image
Trading is 80% Emotional, 20% Technical
  • #108,017
  • Dec 18, 2008 11:35am Dec 18, 2008 11:35am
Quoting Infinity
This is massive... look at the weekly chart...
wow.would be surpised to see that on a daily.Was it all just one big bulltrap?
  • #108,018
  • Dec 18, 2008 11:35am Dec 18, 2008 11:35am
Quoting eohater
She's on a freaking war path brother. Were your shorts still open for this? I hope so brother. I got stopped out, back in at 4900. Just can't resist!
I closed two lots @ 5168.

Got one runner on with s/l @ +200

HOLLA
  • #108,019
  • Dec 18, 2008 11:36am Dec 18, 2008 11:36am
Quoting Turtle
I closed two lots @ 5168.

Got one runner on with s/l @ +200

HOLLA
Patience + Discipline - Greed = Success
  • #108,020
  • Dec 18, 2008 11:37am Dec 18, 2008 11:37am
Quoting allserene
excellent advice

I recovered from my bad times by only using tiny positions until i got my confidence back - demo doesnt really give you the same emotional torture which has to be shrugged off as part of learning so i did a lot of tiny trades aimed at making 20 dollars each time. I was so mean that even $20 stings hurt - now it has to be 30 haha !


when you get a good % correct you can scale up slowly....

if your stops are being whipped out, try trading without s/l's but a tiny position only so you can take a 100 point move without popping...
That's excellent advice as well! I will concur, trading live vs. demo is night and day.
Just digging in the trenches like everyone else!
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