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Cable Update (GBPUSD)

  • #123,541
  • Feb 25, 2009 4:58pm Feb 25, 2009 4:58pm
Hey buddy,
How are you today? I have a request for you.........If you don't mind.....Please see if there is a possibility for you to start your own thread... then we can learn from you and follow your calls..... Sorry if this is a hazel for you......anyway I am very much a EU/JPY follower .......I liked your calls ........I have lost a lot and still I am trying to lessen the lose..........Waiting for EU/JPY to retrace and then buy ad hold for sometimes..... I read a guy in the other thread holding GBP/JPY long from 127 and now it is 138......whish I have done that.

Thank you buddy

Happy piping to all of you



Quoting wormboy
Thanks mate, you're not too shabby yourself sir. Respect.
Banters thrown around in good times does no harm if you ask me, just needed to be sure it's all banters
BANDA333
  • #123,542
  • Feb 25, 2009 5:04pm Feb 25, 2009 5:04pm
Quoting dingo_bingo
ya 28lots , i opened mini account with forex.com , they gave me leverage 1: 200, each lot worth 10000, in their web platform, i know if i am minus 80 pips i am out of that trade , that happened to me earliar ,they closed my trade , i know its stupid thing to do, i am quiet new do not have any experience, i made withdraw request now, so i am not going to trade for while atlest till i get some experience , plese do refer me anylinks that are useful to learn , i literally have no experience, lucky today for me , i will never do that again thanx

open a demo account with them and trade it how you would same R:R as you would your real account while learning everything you possibly can than about trading and most importantly money management
  • #123,543
  • Feb 25, 2009 5:07pm Feb 25, 2009 5:07pm
Quoting BANDA
Hey buddy,...
maybe u lost a lot cause yur following other peoples calls..to many people like to gamble but hey! its all good, i wont lie thats why theres a endless sea of money in this pit....learn to trade your belief then losing becomes a journey... (i know i speaking to much BS)

I never understand how so many dream to make money and take what they think is the easy way, which is only to lose instead of win...why do it man!
  • #123,544
  • Feb 25, 2009 5:21pm Feb 25, 2009 5:21pm
Good evening everyone, hope youve all grabbed loads of pips today.

Ive had a good day today i still had a few shorts on from 4625 which I closed out at 4255.

Had IT issues all day today so could only read posts cause i couldnt get my password for the forum .

My laptop broke on friday and my desktop broke today, unbelievable eh!!

So im struggling along using my laptop and the screen is broken and everything is purple

Anyway, back to cable im now long from 4195. I was hoping for a bounce to 4350, before i shorted again but hope for that is drying up fast so SL at BE.

Hope youve all been bagging the pips today
  • #123,545
  • Feb 25, 2009 5:23pm Feb 25, 2009 5:23pm
Hey buddy
How are ya? You have a point. Yes I loose when I blindly fallow others , but wormboy often post on EU/JPY thread and I seems to like his calls. My problem is when I am doing well I try to follow too many pairs......... that hurt me big time yesterday.....with GBP/JPY.....I do not follow others blindly......I am educated enough(with masters education being job less)to ,make my decisions.....but due to too many loses I try to see if others doing the same........I have lost somewhat my confidence

Thats why I often listen to this song........which I consider on of the best songs of the decade and to get my confidence back lol
you try the lyrics

Inserted Video

really appreciate your input buddy


Quoting nAVIN2007
maybe u lost a lot cause yur following other peoples calls..to many people like to gamble but hey! its all good, i wont lie thats why theres a endless sea of money in this pit....learn to trade your belief then losing becomes a journey... (i know i speaking to much BS)

I never understand how so many dream to make money and take what they think is the easy way, which is only to lose instead of win...why do it man!
BANDA333
  • #123,546
  • Feb 25, 2009 5:27pm Feb 25, 2009 5:27pm
Quoting Infinity
If you don't know how to use trendlines, you won't like them... but if you do....
I took a short at the retest of the broken tl... took partial profit at 4208... rest at +2..
I sort of like TL's myself.....they seem to work if u trust them!
Attached Image (click to enlarge)
Click to Enlarge Name: feb25.JPG Size: 136 KB
  • #123,547
  • Feb 25, 2009 5:33pm Feb 25, 2009 5:33pm
Quoting Shilva
I sort of like TL's myself.....they seem to work if u trust them!
Then it's a short again, later.
  • #123,548
  • Feb 25, 2009 5:34pm Feb 25, 2009 5:34pm
Quoting BANDA
Hey buddy...

LOL thats a great song, I listened to that a few times when I gave some pips back to the market for sure!! Gets you emotionally ready for the next battle!!

And dont, dont ever follow other peoples trades, practice, practice, practice until you can confidently make your own calls. Then you will know when to take profit and when to take losses.

Today was a great example 80% of people, trading websites etc etc that I read were looking to long this to at least 4.700!

good luck for your future trades!
  • #123,549
  • Feb 25, 2009 5:38pm Feb 25, 2009 5:38pm
it's short again my resistence is 1.4242
{Promotion Removed}
  • #123,550
  • Feb 25, 2009 5:42pm Feb 25, 2009 5:42pm
Quoting fxtrendline
it's short again my resistence is 1.4242
looking at the 1hr, im a little more hopeful for my long than i was 30 mins ago. Target 1.4350, RSI turning up fast
  • #123,551
  • Feb 25, 2009 5:45pm Feb 25, 2009 5:45pm
Hey Pip
Good that you like cold play lol ........Thank-you very much for your input. I am trying hard. If I crack this code to battle this wealth destroyers/market manipulators '''lol ..... first thing would be to share with this site .....I have learned and enjoyed the sense of community with you guys.

Thank you




Quoting PipLand
LOL thats a great song, I listened to that a few times when I gave some pips back to the market for sure!! Gets you emotionally ready for the next battle!!

And dont, dont ever follow other peoples trades, practice, practice, practice until you can confidently make your own calls. Then you will know when to take profit and when to take losses.

Today was a great example 80% of people, trading websites etc etc that I read were looking to long this to at least 4.700!

good luck for your future trades!
BANDA333
  • #123,552
  • Feb 25, 2009 5:56pm Feb 25, 2009 5:56pm
Quoting trader8686
Then it's a short again, later.
If it gets there i suspect i will drop a short on it. Depends on the PA action on the 5m chart for me.
  • #123,553
  • Feb 25, 2009 5:59pm Feb 25, 2009 5:59pm
Quoting BANDA
Hey Pip
Good that you like cold play lol ........Thank-you very much for your input. I am trying hard. If I crack this code to battle this wealth destroyers/market manipulators '''lol ..... first thing would be to share with this site .....I have learned and enjoyed the sense of community with you guys.

Thank you
Your welcome, Im pretty sure most of us have all been through the same painfull process of learning Forex. But if your dedicated and stick at it you will get to where you want to be.

Im sure youve heard this before but the most important part of forex is money management! Use the least leverage you can possibly use until youve mastered trading, (making more profits than losses).

Then very gradually increase you leverage according to your account size. In fact if you have good money management you dont even have to be a great trader to come out on top!

Ive blown and account or 2 so I speak from experience! But my 3rd account has been profitable for many months and i have now mostly closed my business and living off forex! so keep at it and hope we see you here in the future
  • #123,554
  • Feb 25, 2009 6:38pm Feb 25, 2009 6:38pm
May come back to 61.8 Fib level here.
AJ
Attached Image (click to enlarge)
Click to Enlarge Name: gues.gif Size: 27 KB
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #123,555
  • Feb 25, 2009 6:43pm Feb 25, 2009 6:43pm
Quoting Shilva
I sort of like TL's myself.....they seem to work if u trust them!
Can you share your Stoch settings?
  • #123,556
  • Feb 25, 2009 6:46pm Feb 25, 2009 6:46pm
So, how is everyone doing here? short or long?
Just need some confirmations!
  • #123,557
  • Feb 25, 2009 7:00pm Feb 25, 2009 7:00pm
Long from 1.4214... limit 1.4375 stop 1.4219 ... recently moved stop above entry.
say something political...what I would eat if I wasn't going to die.
  • #123,558
  • Feb 25, 2009 7:04pm Feb 25, 2009 7:04pm
Quoting trader8686
Can you share your Stoch settings?
14,3,E,5,E
  • #123,559
  • Feb 25, 2009 7:07pm Feb 25, 2009 7:07pm
I agree almost totally, however, the 61.8 Fib level is 4437 and could possibly go to there if it can get by that 4 hr low at 1.4374

Jim

Quoting sirloud
Long from 1.4214... limit 1.4375 stop 1.4219 ... recently moved stop above entry.
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #123,560
  • Feb 25, 2009 7:30pm Feb 25, 2009 7:30pm
Hey Pip
Thank you very much for the input. Really appreciate it. Words of encouragements means a lot.

Thank you

Happy piping.


Quoting PipLand
Your welcome, Im pretty sure most of us have all been through the same painfull process of learning Forex. But if your dedicated and stick at it you will get to where you want to be.

Im sure youve heard this before but the most important part of forex is money management! Use the least leverage you can possibly use until youve mastered trading, (making more profits than losses).

Then very gradually increase you leverage according to your account size. In fact if you have good money management you dont even have to be a great trader to come out...
BANDA333
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