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Cable Update (GBPUSD)

  • #116,281
  • Jan 29, 2009 12:12pm Jan 29, 2009 12:12pm
Quoting ntoller
as someone who has watched the forums over the last few weeks and is just beginning to contribute I can honestly say that steelhead has had some of the best advice ive seen. You guys call yourselves traders, you grow some cojones, traders shouldnt be sensitive about whether other people are insulting them. Emotions arent good for trading. Just make money, think rationally and take any decent advice youre given even if it is an insulting context
Thanks man. What some dont understand is I say it in a way that will get your attention. Maybe it is brash but would you pay attention to it anyother way?

You better start thinking outside the box and asking yourself what are the market makers going to do to mess with my trade?

then you better find away to not become their atm.

Pipland I hope you are not suggesting longing this pair if we test that area.

My first post today was what it should have been intended to spark some good old debate.
  • #116,282
  • Jan 29, 2009 12:15pm Jan 29, 2009 12:15pm
Quoting PipLand
id say were building up to charge 4415 right now whats everyone else think?
Good area to place shorts
  • #116,283
  • Jan 29, 2009 12:18pm Jan 29, 2009 12:18pm
a chart that someone might possibly find interesting. Im waiting to enter a short if it retests todays high.
Attached Image (click to enlarge)
Click to Enlarge Name: chart gbp.jpg Size: 93 KB
  • #116,284
  • Jan 29, 2009 12:19pm Jan 29, 2009 12:19pm
Quoting steelhead
If you havent gotten it by now you never will.

I could give a flying rats arsh about respect in here.
I love all the contributions to this thread..

This thread is the only reason why I started trading cable..

Keep it up guys.. If it's not informative it's funny..

priceless..
  • #116,285
  • Jan 29, 2009 12:27pm Jan 29, 2009 12:27pm
Quoting onsfx
Good area to place shorts
risky trade I would say
  • #116,286
  • Jan 29, 2009 12:29pm Jan 29, 2009 12:29pm
Quoting copi88
This is good advice. Another thing to do is keep a trading journal and make notes of every single trade you do. After awhile you will easily be able to see the mistakes that are repeated and you will be able to take action to correct this.

This vastly improved my trading. At first it is an effort but after awhile it becomes habit.
Thanks. I keep a record of every trade in an Excel spreadsheet and comment against each trade as well. I have enjoyed good pip runs in the past, just don't seem to be able to string it all together at the moment. I know that it is me and I need to get over it. It's the psychology part that I need to beat and to take a look again at money management. I will look through my notes to see how I performed better in the past.

I appreciate all the support that I have had today and will come back.

Cheers,
Matt
  • #116,287
  • Jan 29, 2009 12:30pm Jan 29, 2009 12:30pm
is anybody else currently long?
Keep It Simple Stupid
  • #116,288
  • Jan 29, 2009 12:31pm Jan 29, 2009 12:31pm
Quoting PipLand
risky trade I would say


Go long then in that area. No riskier then any other trade. Good call shorts do look nice. I promise you taking longs the break of that are riskier trades then shorts. They may work but riskier for sure
  • #116,289
  • Jan 29, 2009 12:34pm Jan 29, 2009 12:34pm
Is there a breakout on the way?
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min chart.gif Size: 34 KB
  • #116,290
  • Jan 29, 2009 12:36pm Jan 29, 2009 12:36pm
Tomorrow is Friday, end of the month and GDP of USD. January was good. it is ok. be aware.. i ll wait for dance again.
  • #116,291
  • Jan 29, 2009 1:03pm Jan 29, 2009 1:03pm
yo tone...hows the trading going buddy? ...hope u keeping well and also missing your valued contribution to this thread
  • #116,292
  • Jan 29, 2009 1:05pm Jan 29, 2009 1:05pm
Well
its going from strength to strength actually,It has taken me some time to adjust to the higher time frames....Im glad your still around Salah


Quoting salah k.
thnx for remembering
im good
hows ur trading these days
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #116,293
  • Jan 29, 2009 1:05pm Jan 29, 2009 1:05pm
I'm a total newbie.
  • #116,294
  • Jan 29, 2009 1:07pm Jan 29, 2009 1:07pm
good for up (temporarily)?
  • #116,295
  • Jan 29, 2009 1:07pm Jan 29, 2009 1:07pm
Quoting vinesh
good for up (temporarily)?
I would say very much so but please do your own analysis
  • #116,296
  • Jan 29, 2009 1:13pm Jan 29, 2009 1:13pm
yep.. came off the M15 50 ema.. I wanted it to close closer for a tigher s/l... but what are you gonna do...

Quoting vinesh
I'm a total newbie.
DireXiv Make it happen, no one else is going to do it for you...
  • #116,297
  • Edited 1:43pm Jan 29, 2009 1:13pm | Edited 1:43pm
Watching M15, saw the previous candle open above ema 10, scalp long and closed +30 pips ! I love the edge of wedge !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #116,298
  • Jan 29, 2009 1:14pm Jan 29, 2009 1:14pm
Quoting Bones
Well
its going from strength to strength actually,It has taken me some time to adjust to the higher time frames....Im glad your still around Salah
glad to hear this....i always knew it would, your to good of a trader for it not to click
  • #116,299
  • Jan 29, 2009 1:15pm Jan 29, 2009 1:15pm
Quoting DireXiv
yep.. came off the M15 50 ema.. I wanted it to close closer for a tigher s/l... but what are you gonna do...
I love the 15m 50ema I put it up there with the 1h 62ema

Ok, back down my hole....I don't want to get shot at...
Just digging in the trenches like everyone else!
  • #116,300
  • Jan 29, 2009 1:15pm Jan 29, 2009 1:15pm
TY pipland for confirming. I'll keep it in mind.
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Jewel1996