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Cable Update (GBPUSD)

  • #111,021
  • Jan 13, 2009 8:51am Jan 13, 2009 8:51am
Quoting eohater
Brother, bad trades happen and we have to have losses to make us stronger for the gains. I didn't hit quota yesterday, today I'm in the hole. I'm not even going to go into the loss I had last week. Shit happens though and we continue to trade. You have too!
funny...i had my worst week on record last week too.........
  • #111,022
  • Jan 13, 2009 8:52am Jan 13, 2009 8:52am
Quoting linleysound
funny...i had my worst week on record last week too.........
It wasn't my worst week, but probably one of the worst day's I've had in a long time.
Just digging in the trenches like everyone else!
  • #111,023
  • Jan 13, 2009 8:54am Jan 13, 2009 8:54am
Quoting eohater
Brother, bad trades happen and we have to have losses to make us stronger for the gains. I didn't hit quota yesterday, today I'm in the hole. I'm not even going to go into the loss I had last week. Shit happens though and we continue to trade. You have too!
you will be avenged bro
  • #111,024
  • Jan 13, 2009 8:54am Jan 13, 2009 8:54am
Quoting GuateForex
Jan 02: +120 pips
Wow... This has been an Excellent Start of the Year... Let's hope this continue working this well...

Acum. Jan./2009: +720 Pips
I just pass to say hello to everybody and to wish good trading to all you.

I am not taking any position today, because my estrategy filters said so. I want to protect my January Profit and don't risk it unnecesarily!!!

But Good Luck to you all!!!

Have a Nice Day!!!
  • #111,025
  • Jan 13, 2009 8:54am Jan 13, 2009 8:54am
Quoting trader2160
you will be avenged bro
Just digging in the trenches like everyone else!
  • #111,026
  • Jan 13, 2009 8:56am Jan 13, 2009 8:56am
Quoting linleysound
funny...i had my worst week on record last week too.........
Sorry to hear that.... But every body has bad weeks, just keep it up and I wish you could recover fast...
  • #111,027
  • Jan 13, 2009 9:00am Jan 13, 2009 9:00am
hoaggghhh. . . seems she ' s still going down
  • #111,028
  • Jan 13, 2009 9:00am Jan 13, 2009 9:00am
Quoting eohater
It wasn't my worst week, but probably one of the worst day's I've had in a long time.
yeah it was mostly due to the "big name" buying that pushed the price up without meaningful retraces.Wasnt what Id call natural PA.
  • #111,029
  • Jan 13, 2009 9:02am Jan 13, 2009 9:02am
Quoting GuateForex
Sorry to hear that.... But every body has bad weeks, just keep it up and I wish you could recover fast...
Thanks friend. I made the stupid mistake of changing to Eur/USD last week for some reason (after having traded Cable all of last year to great effect). Lesson: stick to what you know......
  • #111,030
  • Jan 13, 2009 9:02am Jan 13, 2009 9:02am
She's ranging around spread size +10, -10. Too dangerous. I am out, Happy trading everyone.
  • #111,031
  • Jan 13, 2009 9:03am Jan 13, 2009 9:03am
Quoting linleysound
Thanks friend. I made the stupid mistake of changing to Eur/USD last week for some reason (after having traded Cable all of last year to great effect). Lesson: stick to what you know......
Cable will pay your enough that you don't need to worry about the other pairs.
Just digging in the trenches like everyone else!
  • #111,032
  • Jan 13, 2009 9:04am Jan 13, 2009 9:04am
Quoting Komissar
She's ranging around spread size +10, -10. Too dangerous. I am out, Happy trading everyone.
That's one hell of a spread. I'd be looking for a new broker. My primary is a variable spread as well, but during volume times, it's around 3-4 pips. Sometimes .1 of a pip.
Just digging in the trenches like everyone else!
  • #111,033
  • Jan 13, 2009 9:05am Jan 13, 2009 9:05am
See whether the 1hr IB is broken to the upside or downside
  • #111,034
  • Jan 13, 2009 9:09am Jan 13, 2009 9:09am
Quoting eohater
Cable will pay your enough that you don't need to worry about the other pairs.
Too true. I didn't take to Eur/USD at all - it seemed to have a totally different feel and rhythm to Cable...possibly due to the specific market makers and big institutions involved, i dunno.....burnt my backside
  • #111,035
  • Jan 13, 2009 9:11am Jan 13, 2009 9:11am
Quoting linleysound
Too true. I didn't take to Eur/USD at all - it seemed to have a totally different feel and rhythm to Cable...possibly due to the specific market makers and big institutions involved, i dunno.....burnt my backside
Don't worry cable welcomes you back with open arms!!
Just digging in the trenches like everyone else!
  • #111,036
  • Jan 13, 2009 9:16am Jan 13, 2009 9:16am
I think there is a big problem with people who interpret random noise as signals and trends on small time frames. Randomness is randomness; not every 50 pip movement has a reason behind it; there is a lot of over analysis where people are trying to interpret meaning from mere randomness.
Probability Professor
  • #111,037
  • Jan 13, 2009 9:18am Jan 13, 2009 9:18am
SL hit for +20. Next setup please.
Just digging in the trenches like everyone else!
  • #111,038
  • Jan 13, 2009 9:23am Jan 13, 2009 9:23am
Quoting Galation
I think there is a big problem with people who interpret random noise as signals and trends on small time frames. Randomness is randomness; not every 50 pip movement has a reason behind it; there is a lot of over analysis where people are trying to interpret meaning from mere randomness.
yes indeed.Smithers!release the hounds!!!!
  • #111,039
  • Jan 13, 2009 9:24am Jan 13, 2009 9:24am
Quoting linleysound
Thanks friend. I made the stupid mistake of changing to Eur/USD last week for some reason (after having traded Cable all of last year to great effect). Lesson: stick to what you know......
I made exactly the opposit... I change from EurUSd to GBPUSD and this pair is having excellent results with my strategy.....
  • #111,040
  • Jan 13, 2009 9:25am Jan 13, 2009 9:25am
Still GU is in important place: 3 lines in one place + price in time.
There is something that looks like bullish engulfing pattern.
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