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Cable Update (GBPUSD)

  • #118,341
  • Feb 5, 2009 6:34am Feb 5, 2009 6:34am
that is crazy, if thats real cash he must be a millionair lol.
  • #118,342
  • Feb 5, 2009 6:34am Feb 5, 2009 6:34am
4790-4800 is very likely after that inside bar break.......
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Patience + Discipline - Greed = Success
  • #118,343
  • Feb 5, 2009 6:35am Feb 5, 2009 6:35am
Still it not clear it may go back I am putting at BE
  • #118,344
  • Feb 5, 2009 6:36am Feb 5, 2009 6:36am
Anybody help pls.
i went in shorts.... how wrong am i?
  • #118,345
  • Feb 5, 2009 6:36am Feb 5, 2009 6:36am
Quoting fry2010
Madonher £1315 for a days work? is that serious? as in real money?
And people say scalping dont work...
Yep. (BTW i really havn't been scalping for a few weeks).

As i'm learning more and more i'm understanding the pivots/sup and res levels better, so leaving longer trades for more points ... making safer trades.
  • #118,346
  • Feb 5, 2009 6:36am Feb 5, 2009 6:36am
Quoting fry2010
that is crazy, if thats real cash he must be a millionair lol.
You're assuming the positive daily P&L is constant, which is never the case in currency trading. Also, profits are relative to an individual's capital base, which is the yardstick they should be measured against.
  • #118,347
  • Feb 5, 2009 6:39am Feb 5, 2009 6:39am
Quoting goodwings
Anybody help pls.
i went in shorts.... how wrong am i?
Depends on your entry price and gear how wrong you are.
  • #118,348
  • Feb 5, 2009 6:39am Feb 5, 2009 6:39am
Quoting wormboy
Nice. gave it a nudge and tumbling back down. This is my ride. Took it at 4637.
am short from 4624...
  • #118,349
  • Feb 5, 2009 6:39am Feb 5, 2009 6:39am
Quoting sofia101
We don't have to Trishett will the rest
What does that mean? I don't understand.
Thank You
  • #118,350
  • Feb 5, 2009 6:40am Feb 5, 2009 6:40am
Quoting Infinity
4790-4800 is very likely after that inside bar break.......
whats up bro.So are you on the long bus currently.
  • #118,351
  • Feb 5, 2009 6:41am Feb 5, 2009 6:41am
Quoting fry2010
that is crazy, if thats real cash he must be a millionair lol.
Certainly in assets, not in cash ... christ i'm only trading £10 or £20 per pip - last month was higher, but recently paid myself a huge chunk, so back to the lower amounts.
  • #118,352
  • Feb 5, 2009 6:42am Feb 5, 2009 6:42am
Quoting blurrcow
am short from 4624...
Nice mate
Have my sl placed 50 pips up. It best not make a u-turn to test the sma again, else I'm screwed.
Thank You
  • #118,353
  • Feb 5, 2009 6:43am Feb 5, 2009 6:43am
Quoting trader2160
whats up bro.So are you on the long bus currently.
I was .....from the h1 62ema but closed out at 4600.... on the sides now...
Patience + Discipline - Greed = Success
  • #118,354
  • Feb 5, 2009 6:46am Feb 5, 2009 6:46am
Quoting Professor4x
Depends on your entry price and gear how wrong you are.
My take profit is at .4560 . What could be the percentage of reaching this point according to your perception, Prof?
  • #118,355
  • Feb 5, 2009 6:48am Feb 5, 2009 6:48am
Quoting sofia101
Sorry I could not log in in time to tell you that I am short from 1.4650 UT of my chanell

Sofia

curious ...what is your TP
  • #118,356
  • Feb 5, 2009 6:49am Feb 5, 2009 6:49am
Quoting popisdead
so far so good...

need to locked my pips..
http://i537.photobucket.com/albums/f..._bucket/11.jpg
thank you god..



http://i537.photobucket.com/albums/f..._bucket/12.jpg
pop
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  • #118,357
  • Feb 5, 2009 6:49am Feb 5, 2009 6:49am
Quoting Infinity
I was .....from the h1 62ema but closed out at 4600.... on the sides now...
Nice one.
  • #118,358
  • Feb 5, 2009 6:49am Feb 5, 2009 6:49am
Quoting goodwings
My take profit is at .4560 . What could be the percentage of reaching this point according to your perception, Prof?
she needs to break 4580 support and you will be ok. Problem is seems you do not have a specific plan.
Lack of money management: Trading Forex is a question of what the odds are of being right. This is known as risk/reward ratio. Good money management means you know your profit objective and the odds of being right or wrong and know how to control your risks with stops
  • #118,359
  • Feb 5, 2009 6:50am Feb 5, 2009 6:50am
Quoting Madonher
Yep. (BTW i really havn't been scalping for a few weeks).

As i'm learning more and more i'm understanding the pivots/sup and res levels better, so leaving longer trades for more points ... making safer trades.
So your using £10-20 while you learn and it was more before! you must of lost £££££££s!
  • #118,360
  • Feb 5, 2009 6:50am Feb 5, 2009 6:50am
well its good to see such profits are attainable. Although it makes me want to use more lots now! i used 0.02 on that last short scalp and had a buy limit waiting to be hit before the huge move up for only 0.05 lot.
anyway back to the real world now.

edit: and again, popisdead u too making hundreds of dollars i asume.
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