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Cable Update (GBPUSD)

  • #121,141
  • Feb 17, 2009 3:36pm Feb 17, 2009 3:36pm
Quoting wormboy
I'm off, need to get some shuteye. Good luck with your trades guys.
i dont sleep at all... medics call it cable insomnia
  • #121,142
  • Feb 17, 2009 3:36pm Feb 17, 2009 3:36pm
Quoting CableXpert
Hi guys,

I think cable is going up to at least 4350 before a drop.

I have been trading my own account for 3 months (just cable) so far and I am up to 144k , I love forex. By the way my system is just 65% accurate but I risk 5% per trade.

Check my journal for details
5% wow....that definately needs balls..good results thou
  • #121,143
  • Feb 17, 2009 3:38pm Feb 17, 2009 3:38pm
guess not.

I have a question for cableexpert. how much capital do I need to have to risk no more than 5% of my total equity to get over 100k in 3 months?
Thank You
  • #121,144
  • Feb 17, 2009 3:39pm Feb 17, 2009 3:39pm
it is amazing how all markets have the same concepts. I used to trade commodities for a bank, and we used resistance, pivot and support when we traded for our own books. But we were almost 99% accurate since once you are the market maker and have the limit book, it is easy to compare the bulls agains the bears.

We should befriend a trader at DB, they trade 80% of FX.
  • #121,145
  • Feb 17, 2009 3:40pm Feb 17, 2009 3:40pm
Quoting MarkyBoy
Hi EO,

Can I ask, what made you go short from 4270? Was it the sloping trend line or another reason?

Thanks for your help - I think I'm seeing some of the same trades as you but still need to check whether my thinking is correct...
The candle circled in red made me want to go short. Notice how it didn't take out the wick of the prior full candle with small wick? When I say take out, I mean close above the wick. Once the candle closed, I set the order for 4270 and was filled shortly thereafter. SL wast 25 over the wick of the candle circled in red. It's a common setup I use.
Attached Image (click to enlarge)
Click to Enlarge Name: post.png Size: 29 KB
Just digging in the trenches like everyone else!
  • #121,146
  • Feb 17, 2009 3:40pm Feb 17, 2009 3:40pm
Quoting wormboy
guess not.

I have a question for cableexpert. how much capital do I need to have to risk no more than 5% of my total equity to get over 100k in 3 months?
i only deposited 10k.
  • #121,147
  • Feb 17, 2009 3:42pm Feb 17, 2009 3:42pm
fifo : medics call it that tho us laymen will call you nuts. LOL. It's 5:30 am here & I should be up by 9. Thought I wanted to doze off, but that was before genius here starts talking about kajillion dollars in 3 months. I need to hear this one.
Thank You
  • #121,148
  • Feb 17, 2009 3:45pm Feb 17, 2009 3:45pm
Quoting wormboy
fifo : medics call it that tho us laymen will call you nuts. LOL. It's 5:30 am here & I should be up by 9. Thought I wanted to doze off, but that was before genius here starts talking about kajillion dollars in 3 months. I need to hear this one.
fully understand... I want to hear this wise man also !
  • #121,149
  • Feb 17, 2009 3:46pm Feb 17, 2009 3:46pm
Quoting wormboy
fifo : medics call it that tho us laymen will call you nuts. LOL. It's 5:30 am here & I should be up by 9. Thought I wanted to doze off, but that was before genius here starts talking about kajillion dollars in 3 months. I need to hear this one.
hahaha, thanks for the complement. Honestly I don't have a breakthrough, I am just deperate that I can't find a job so I took out 10k and traded 5% per trade.
  • #121,150
  • Feb 17, 2009 3:47pm Feb 17, 2009 3:47pm
cablexpert : ok thanks. but do you have like the fxreport to back up that claim? bcoz to me that looks like something you could just do with excel.
Thank You
  • #121,151
  • Feb 17, 2009 3:49pm Feb 17, 2009 3:49pm
Quoting wormboy
cablexpert : ok thanks. but do you have like the fxreport to back up that claim? bcoz to me that looks like something you could just do with excel.
opsssss... i read it cableEXPORT
  • #121,152
  • Feb 17, 2009 3:51pm Feb 17, 2009 3:51pm
Quoting CableXpert
hahaha, thanks for the complement. Honestly I don't have a breakthrough, I am just deperate that I can't find a job so I took out 10k and traded 5% per trade.
Welcome to the thread! Looks like you've had some nice returns. I wish you the continued success you've had. Don't take everyone as an attack against you, we've had many and I mean MANY people come in here and boast about the holy grail and then next thing you know, it's for sale or their selling signals or other bullshit like that. So, if your intent to be here is to share and openly discuss cable, then please stay and contribute often.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #121,153
  • Feb 17, 2009 3:52pm Feb 17, 2009 3:52pm
bahahahaha
Thank You
  • #121,154
  • Feb 17, 2009 3:52pm Feb 17, 2009 3:52pm
Quoting eohater
Welcome to the thread! Looks like you've had some nice returns. I wish you the continued success you've had. Don't take everyone as an attack against you, we've had many and I mean MANY people come in here and boast about the holy grail and then next thing you know, it's for sale or their selling signals or other bullshit like that. So, if your intent to be here is to share and openly discuss cable, then please stay and contribute often.

Trade well!
EO

You are GOOD man EO !
  • #121,155
  • Feb 17, 2009 3:55pm Feb 17, 2009 3:55pm
Quoting wormboy
cablexpert : ok thanks. but do you have like the fxreport to back up that claim? bcoz to me that looks like something you could just do with excel.
since I am not selling anything (not now, not ever, i don't like the baggage that comes with selling stuff), I don't need to send you statements, regardless, i will upload some tonight for your pleasure.....lol
  • #121,156
  • Feb 17, 2009 3:57pm Feb 17, 2009 3:57pm
nicely said eo.
cableexpert : no offence, but it was your first post & the introduction was a bit suspect that's all . And like eo said, there had been many that had tried to sell their stuff here so .. you better not be one of them, coz some other guys here can be downright nasty if they need to
so good luck to you. ok guys, m off. chow
Thank You
  • #121,157
  • Feb 17, 2009 3:57pm Feb 17, 2009 3:57pm
Quoting CableXpert
since I am not selling anything (not now, not ever, i don't like the baggage that comes with selling stuff), I don't need to send you statements, regardless, i will upload some tonight for your pleasure.....lol
do you have open trade right now?
  • #121,158
  • Feb 17, 2009 3:58pm Feb 17, 2009 3:58pm
Quoting eohater
Welcome to the thread! Looks like you've had some nice returns. I wish you the continued success you've had. Don't take everyone as an attack against you, we've had many and I mean MANY people come in here and boast about the holy grail and then next thing you know, it's for sale or their selling signals or other bullshit like that. So, if your intent to be here is to share and openly discuss cable, then please stay and contribute often.

Trade well!
EO
I promise I am not selling anything. I just want to get my system from 65% to 85% so I am here to exchange opinions. But as the weak human that I am I wanted to brag about my last achievement, wouldn't you?

anyways, as i mentioned before, I think cable will go to 4350
  • #121,159
  • Feb 17, 2009 3:59pm Feb 17, 2009 3:59pm
Quoting fifo
do you have open trade right now?
yes bullish on cable from 4255, TP 4350, SL 4175
  • #121,160
  • Feb 17, 2009 3:59pm Feb 17, 2009 3:59pm
Quoting CableXpert
I promise I am not selling anything. I just want to get my system from 65% to 85% so I am here to exchange opinions. But as the weak human that I am I wanted to brag about my last achievement, wouldn't you?

anyways, as i mentioned before, I think cable will go to 4350
sounds interesting.
4350 - when and why? can you post your chart, and explain?
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