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Cable Update (GBPUSD)

  • #108,561
  • Dec 26, 2008 7:20am Dec 26, 2008 7:20am
Quoting gagakrimba
Damned....the spread is 20 pips now
They're practically saying: don't trade now...
  • #108,562
  • Dec 26, 2008 7:26am Dec 26, 2008 7:26am
Quoting Dr_Cryonic
I just open real account mid Disember. Current position, loosing 5% of my deposit money. Please show the way...
Do u trainned before on demo
  • #108,563
  • Dec 26, 2008 7:37am Dec 26, 2008 7:37am
Quoting deboooo2005
Do u trainned before on demo
I trade demo, and i did very well. But the feeling is different Demo vs Real. This is my 1st real acc. Is it true 1st deposit will "burn"? Im ready to loose it anyway.
Psychology = Nature = Evolving Forex Market rite?
  • #108,564
  • Dec 26, 2008 7:44am Dec 26, 2008 7:44am
Quoting Dr_Cryonic
I trade demo, and i did very well. But the feeling is different Demo vs Real. This is my 1st real acc. Is it true 1st deposit will "burn"? Im ready to loose it anyway.
how long do u trade on demo .... what is your strategy in trade and wghat kind of trader u r on which chart ... and how much the amount in your account
  • #108,565
  • Dec 26, 2008 7:44am Dec 26, 2008 7:44am
Quoting Dr_Cryonic
I trade demo, and i did very well. But the feeling is different Demo vs Real. This is my 1st real acc. Is it true 1st deposit will "burn"? Im ready to loose it anyway.
try reducing your lot size you should feel mor comfortable. by reducing i mean like 10 times smaller.
  • #108,566
  • Dec 26, 2008 7:49am Dec 26, 2008 7:49am
Quoting lexazver
try reducing your lot size you should feel mor comfortable. by reducing i mean like 10 times smaller.

this also very important point ... Risk Management
  • #108,567
  • Dec 26, 2008 7:54am Dec 26, 2008 7:54am
Anyone holding a position currently?

I'm long from 4725 and secured. She could go either way at the moment. She's under the 1h 50 and above the 15m 50. She's tight right now and could pop or just sit here for the rest of the day.
Just digging in the trenches like everyone else!
  • #108,568
  • Dec 26, 2008 8:02am Dec 26, 2008 8:02am
Quoting Dr_Cryonic
I trade demo, and i did very well. But the feeling is different Demo vs Real. This is my 1st real acc. Is it true 1st deposit will "burn"? Im ready to loose it anyway.
Your first deposit doesn't have to "burn". I don't know what lot size or balance you have but, if you have less than 10K in your account you better be trading mini lots and if you have less than 5K you better be trading micro. No, you won't get rich quick on these accounts, but you will learn discipline and money management. Just because your trading with a mini or micro account, you shouldn't have draw downs over 50 pips on your trades. If your having draw downs over this amount, you need to evaluate your entries and system.

You can trade this market and make a nice living doing so, but you need a plan. Write it out, read it daily, believe in yourself and have patience. Your emotional attachment to your money has to be removed completely. Trust your system and trade it.

Good luck trading!
EO
Just digging in the trenches like everyone else!
  • #108,569
  • Dec 26, 2008 8:05am Dec 26, 2008 8:05am
Quoting eohater
Anyone holding a position currently?

I'm long from 4725 and secured. She could go either way at the moment. She's under the 1h 50 and above the 15m 50. She's tight right now and could pop or just sit here for the rest of the day.

me i long @ 1.4718 and secured waiting for spike to up
  • #108,570
  • Dec 26, 2008 8:06am Dec 26, 2008 8:06am
Quoting deboooo2005
me i long @ 1.4718 and secured waiting for spike to up
Mine just got closed out at +3. Yeah!!! I'm FREAKIN RICH!!!
Just digging in the trenches like everyone else!
  • #108,571
  • Dec 26, 2008 8:08am Dec 26, 2008 8:08am
Quoting eohater
Mine just got closed out at +3. Yeah!!! I'm FREAKIN RICH!!!
  • #108,572
  • Edited 8:26am Dec 26, 2008 8:09am | Edited 8:26am
Quoting eohater
and



Thank you for posting your charts!

Unfortunately, your charts do not show the activity during the time your broker was closed for the holiday. I saw prices today during the US Session from cnnmoney.com and here's what they were: 10:00est 1.4648, 2:00est 1.5200

Trade well everyone!
EO
It can not be 1.52 , I think 1.46. I will go short when the market open
Give me patience
  • #108,573
  • Dec 26, 2008 8:10am Dec 26, 2008 8:10am
i think cable could test 62ema in 1 hour chart at least
  • #108,574
  • Dec 26, 2008 8:14am Dec 26, 2008 8:14am
Quoting Bullfx
It can not be 1.52, I think 1.46. I will go short when the market open
I understand what your saying. I didn't believe the price when I saw it and called my brother 'Turtle' and he confirmed that was the price he saw on CNN as well. I check prices frequently on CNNMoney.com when I'm away from my charts during most days and they are very accurate. They update every minute.

I don't know, but right now we're at 4725 and I'm not in a position. Might not take on again.

Good luck on your posistions!
EO
Just digging in the trenches like everyone else!
  • #108,575
  • Dec 26, 2008 8:16am Dec 26, 2008 8:16am
Quoting deboooo2005
i think cable could test 62ema in 1 hour chart at least
We already did that about 4 hours ago. I shorted from 4785 and rode her to 4725 and went long back on her. The way it's looking, we going down to 466x area for a test of the bottom. The last 1h candle tested the 1h 50 and bounced.
Just digging in the trenches like everyone else!
  • #108,576
  • Dec 26, 2008 8:28am Dec 26, 2008 8:28am
Quoting eohater
We already did that about 4 hours ago. I shorted from 4785 and rode her to 4725 and went long back on her. The way it's looking, we going down to 466x area for a test of the bottom. The last 1h candle tested the 1h 50 and bounced.
i think if 1.4673 broke we will see 1.4647 if couldn't hold 1.4605 .. but today is choppy market ... let us see what will happen
  • #108,577
  • Dec 26, 2008 8:30am Dec 26, 2008 8:30am
DOW just opened green.
Just digging in the trenches like everyone else!
  • #108,578
  • Dec 26, 2008 8:50am Dec 26, 2008 8:50am
Quoting eohater
I understand what your saying. I didn't believe the price when I saw it and called my brother 'Turtle' and he confirmed that was the price he saw on CNN as well. I check prices frequently on CNNMoney.com when I'm away from my charts during most days and they are very accurate. They update every minute.

I don't know, but right now we're at 4725 and I'm not in a position. Might not take on again.

Good luck on your posistions!
EO
Could you give me the link, volume very very thin, it was only within 1.47xxx... , you can double click on GU in http://www.netdania.com/ to see 1h chart, there was no price above 1.48 in last 3 days ... : I see G/U now at 1.4698... but my broker is not workng now, I will wait the bro open and Short ...
Give me patience
  • #108,579
  • Dec 26, 2008 8:53am Dec 26, 2008 8:53am
Quoting Bullfx
Could you give me the link, volume very very thin, it was only within 1.47xxx... I see G/U now at 1.4698 on:
http://www.netdania.com/
I use my mobile phone and go to cnnmoney.com. You need to realize, this was almost 24 hours ago that I'm talking about. Not right now!
Just digging in the trenches like everyone else!
  • #108,580
  • Dec 26, 2008 8:55am Dec 26, 2008 8:55am
Entered long @ 1.4705
Anyone brave to follow
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