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Cable Update (GBPUSD)

  • #116,101
  • Jan 29, 2009 6:04am Jan 29, 2009 6:04am
Quoting Professor4x
Hope: Lack of proper discipline is hope. Hope is the most devastating of all feelings in trading, because it can lull you into becoming complacent. You know in most cases when you find yourself hoping, you are wrong, and just get out of market. This requires the most self-discipline of all. You were wrong. Never hope; just manage doubt.
Heh, well then I guess we shall see how your "easy peasy" theory works out pretty soon - surely it is not based on hope.
  • #116,102
  • Jan 29, 2009 6:05am Jan 29, 2009 6:05am
Quoting Professor4x
Buy GBP/USD
Entry 1.43 Stop 1.42 Target 1.4470

All techs line up and she is ready to break to strong resistance. EAsy peasy best trade signal triggered and it's 90% accurate. I am in
Sure? please show me your analysis about that.
  • #116,103
  • Jan 29, 2009 6:07am Jan 29, 2009 6:07am
Quoting Subdude
Heh, well then I guess we shall see how your "easy peasy" theory works out pretty soon - surely it is not based on hope.
This is not a day trade but trend trade. Don't expect it to hit target during today's new york session and will hold over night. Will also bump stop on clear. Session charts are diverged but the trend charts are rocket ready to launch.
  • #116,104
  • Jan 29, 2009 6:09am Jan 29, 2009 6:09am
Quoting Professor4x
Buy GBP/USD
Entry 1.43 Stop 1.42 Target 1.4470

All techs line up and she is ready to break to strong resistance. EAsy peasy best trade signal triggered and it's 90% accurate. I am in
I don't hoenstly see how we could be breaking through the resistance because there doesn't appear to be enough momentum to carry us forward. I do wonder how many techs you're using.

Peace
"The trend is your friend, until the end."
  • #116,105
  • Jan 29, 2009 6:09am Jan 29, 2009 6:09am
Quoting Professor4x
This is not a day trade but trend trade. Don't expect it to hit target during today's new york session and will hold over night. Will also bump stop on clear. Session charts are diverged but the trend charts are rocket ready to launch.
Please post a chart upon which you have based your analysis. I do not see any ascending trends (yet), other than a couple of monster 1H candles.
  • #116,106
  • Jan 29, 2009 6:10am Jan 29, 2009 6:10am
Quoting Professor4x
Hope: Lack of proper discipline is hope. Hope is the most devastating of all feelings in trading, because it can lull you into becoming complacent. You know in most cases when you find yourself hoping, you are wrong, and just get out of market. This requires the most self-discipline of all. You were wrong. Never hope; just manage doubt.
You know, I've never seen you post anything that we can't read ourselves from that website. And I remembered you making a call on the pound shooting up to 1.5x levels a couple of weeks back and you said you were trading without a stop. That it wasn't needed. But the pound went down to 1.36 instead. Still holding on to the long and hoping?
Thank You
  • #116,107
  • Jan 29, 2009 6:10am Jan 29, 2009 6:10am
Lack of trading plan: Some traders do not know what to do if they are wrong nor what to do if they are right. The large floating profit they make may often turn into a large loss, because they did not know when to get out. Trade defensively and always know your downside and what you are at risk of losing. Must always have pre determined plan and stick to it. If you move your stop you have no plan and that will ruin your account.
  • #116,108
  • Jan 29, 2009 6:12am Jan 29, 2009 6:12am
If it is H&S on 1H, then it looks like Quasimodo to me.
He was ugly, but with a kind soul.
  • #116,109
  • Jan 29, 2009 6:14am Jan 29, 2009 6:14am
Quoting wormboy
You know, I've never seen you post anything that we can't read ourselves from that website. And I remembered you making a call on the pound shooting up to 1.5x levels a couple of weeks back and you said you were trading without a stop. That it wasn't needed. But the pound went down to 1.36 instead. Still holding on to the long and hoping?
Not sure which trade your speaking about because it's trades ago but if I do not use a stop it's because the position has such a low gear there is no bearing on total return. Alot of times throw a spotter trade to know market and use alot less than 1:1 leverage so pip values, equity swings, and drawdowns are a non event.
  • #116,110
  • Jan 29, 2009 6:14am Jan 29, 2009 6:14am
Quoting Komissar
If it is H&S on 1H, then it looks like Quasimodo to me.
He was ugly, but with a kind soul.
love it! I can see exactly what you're seeing.
"The trend is your friend, until the end."
  • #116,111
  • Jan 29, 2009 6:15am Jan 29, 2009 6:15am
Join short team !!!!!!!!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #116,112
  • Jan 29, 2009 6:15am Jan 29, 2009 6:15am
Quoting Professor4x
Lack of trading plan: Some traders do not know what to do if they are wrong nor what to do if they are right. The large floating profit they make may often turn into a large loss, because they did not know when to get out. Trade defensively and always know your downside and what you are at risk of losing. Must always have pre determined plan and stick to it. If you move your stop you have no plan and that will ruin your account.
I can see a contradiction here. Surely if you were trading with a plan, then you would be using a stop loss??
"The trend is your friend, until the end."
  • #116,113
  • Jan 29, 2009 6:15am Jan 29, 2009 6:15am
how far could this drop?
change the future, not the past
  • #116,114
  • Jan 29, 2009 6:17am Jan 29, 2009 6:17am
Quoting Komissar
If it is H&S on 1H, then it looks like Quasimodo to me.
He was ugly, but with a kind soul.
"Don't forget to enjoy your life"
  • #116,115
  • Jan 29, 2009 6:18am Jan 29, 2009 6:18am
Quoting Professor4x
Buy GBP/USD
Entry 1.43 Stop 1.42 Target 1.4470

All techs line up and she is ready to break to strong resistance. EAsy peasy best trade signal triggered and it's 90% accurate. I am in
Hi there,whats the "best trade signal"?
  • #116,116
  • Jan 29, 2009 6:18am Jan 29, 2009 6:18am
Professor 4x: you posts make you sound like a thread hijacker, they are smug and unsubstantiated.
  • #116,117
  • Jan 29, 2009 6:19am Jan 29, 2009 6:19am
Quoting ForexRookie
I can see a contradiction here. Surely if you were trading with a plan, then you would be using a stop loss??
Love you guys it makes me feel younger again. Had these type of converstions 10 years ago when was teaching trading skills. Right now up 5.1% for month and have a 1% downside and 1.65% upside on this entry. When your managing 7 figures and use 1 mini for spotter the % move means nothing.
  • #116,118
  • Jan 29, 2009 6:20am Jan 29, 2009 6:20am
Quoting Subdude
Professor 4x: you posts make you sound like a thread hijacker, they are smug and unsubstantiated.
Sorry what is thread hijacker? Unsubtantiated??? Do you want my qualifications to post on a thread?
  • #116,119
  • Jan 29, 2009 6:21am Jan 29, 2009 6:21am
Quoting Komissar
If it is H&S on 1H, then it looks like Quasimodo to me.
He was ugly, but with a kind soul.
Just shorted at 4303... Let us see!
  • #116,120
  • Jan 29, 2009 6:21am Jan 29, 2009 6:21am
Quoting Professor4x
Love you guys it makes me feel younger again. Had these type of converstions 10 years ago when was teaching trading skills. Right now up 5.1% for month and have a 1% downside and 1.65% upside on this entry. When your managing 7 figures and use 1 mini for spotter the % move means nothing.
Great to have you back, Prof!
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