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Cable Update (GBPUSD)

  • #128,001
  • Mar 25, 2009 11:52am Mar 25, 2009 11:52am
Quoting jack.canadia
Thanks bro! Now this is useful, not the fact that you just made 65 pips on a trade...haha
welcome,

some will grasp this others/most will ignore it

if one knows overall direction it helps with the interday trades, you cannot trade unless you know direction or all you are doing is guessing

it really is simple

4390 is a major number right now, will look for long from there but wont short it to there

good luck gentlemen
Don't chase the market, Let the market come to you
  • #128,002
  • Mar 25, 2009 11:53am Mar 25, 2009 11:53am
Quoting jack.canadia
But why post that? To prove you have a holy grail system? I think its far from it.

A+ on being in the pips, we all love it. No need to post shots of your open positions for us to believe you.

The only time i posted a shot of my account was when I increased my micro accnt by a fair amount one week. Aside from that, anyone can book a 150 pip trade on cable.
No its not, the system failed me many times. and yes one of these time in the last week so what!!!
if there is here anyone didn't blow one account at least then he shouldn't be here. (maybe in Hawaii) having a sun shower right now.

and i did say at the same moment that my short was closed with losses.

and when was that in a news time !! who was making profit that moment??? the spread almost at that time was over 20 pips on FXCM. and you can go back and check it.

now, are we going to keep talking about that lost. OR we are going to work together on CABLE !!!
  • #128,003
  • Mar 25, 2009 11:53am Mar 25, 2009 11:53am
Quoting Abuawad
Try then to do better than me
Perhaps I'm not making myself clear.

Yes, S&R are important concepts, but they are familiar to anyone who has read the blurb on the back cover of "Technical Analysis for Dummies".

The method you use to determine where these point are (a perfectly good way would be to look them up on this or any other FX website) is something that you might want to share, perhaps on the blog linked in your signature or something.

But there's really no value in posting the results of individual trades. It is not meaningful data. Think about the concept of sample size (assuming you have some training in statistics etc), and then tell me whether you think it's of any value for you to post a trade outcome with no additional comment on, say, your reasons for exiting when you did.
  • #128,004
  • Mar 25, 2009 11:55am Mar 25, 2009 11:55am
Anyone looking at a eur/jpy short right now?
  • #128,005
  • Mar 25, 2009 11:57am Mar 25, 2009 11:57am
Quoting thetroll
Perhaps I'm not making myself clear....

No Comments
Check this page:

http://www.forexfactory.com/member.php?u=44709
  • #128,006
  • Mar 25, 2009 12:00pm Mar 25, 2009 12:00pm
jack canadia
no..opposite..I am long from @132.48

Why you are looking of going short?
  • #128,007
  • Mar 25, 2009 12:01pm Mar 25, 2009 12:01pm
Quoting Abuawad
No Comments
Communication difficulties again, I guess. I'm sure your English will get better over time. The important thing is to try to take opportunities to learn from your mistakes, just as in trading. For example, here you should say "no comment". Now, if you remember that for next time, you'll have become better at English - easy!

Also, try to avoid frequently using font sizes for emphasis on forums. It doesn't project the authoritative image you think it does, I assure you.
  • #128,008
  • Mar 25, 2009 12:03pm Mar 25, 2009 12:03pm
Quoting scorpionFX
jack canadia
no..opposite..I am long from @132.48

Why you are looking of going short?
We bounced back to a 50% retracement and weekly R1 pivot, and near the daily pivot.
  • #128,009
  • Mar 25, 2009 12:03pm Mar 25, 2009 12:03pm
Quoting thetroll
Communication difficulties again, I guess. I'm sure your English will get better over time. The important thing is to try to take opportunities to learn from your mistakes, just as in trading. For example, here you should say "no comment". Now, if you remember that for next time, you'll have become better at English - easy!

Also, try to avoid frequently using font sizes for emphasis on forums. It doesn't project the authoritative image you think it does, I assure you.
I say no comment because i already list all the answer you are looking for it on that page...
  • #128,010
  • Mar 25, 2009 12:06pm Mar 25, 2009 12:06pm
I am short GBP/USD @1.4517..
  • #128,011
  • Mar 25, 2009 12:08pm Mar 25, 2009 12:08pm
Quoting Abuawad
No Comments
Check this page:

http://www.forexfactory.com/member.php?u=44709



Dude ure a brag ....i was actually thinkin about a managed account with you
but that statement of chuckpumkin told the story of a man who cannot trade. That statement showed ure trading. You lost a trade and you wanted to get back at the market and resulted in more loss. Dont come brag here
with +Pips...Cuz ure hiding when its against you.I am happy chuck posted the statement . N e body here can go see that reckless trading. You have yet to have hold on emotions.
  • #128,012
  • Mar 25, 2009 12:10pm Mar 25, 2009 12:10pm
Quoting scorpionFX
I am short GBP/USD @1.4517..
How come you shorted after a drop in price? That draw down must suck
  • #128,013
  • Mar 25, 2009 12:11pm Mar 25, 2009 12:11pm
here are a couple links that may interest some in here that are serious about trading more than just interday for a few pips here and there.

http://www.deltasociety.com/theDeltaStory.aspx

does it work you will ask? yes
is it for everyone, no
it takes time and most in here do not wish to spend the time needed to really make a living from forex but are content to simply follow the leaders of the month in public forums.


please also do not follow another without FIRST asking them to provide an investor password to a LIVE account.........if he will not do this then once more you have been warned



here is a delta count chart

4390 break will make this count invalid
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD Delta.gif Size: 44 KB
Don't chase the market, Let the market come to you
  • #128,014
  • Mar 25, 2009 12:11pm Mar 25, 2009 12:11pm
Quoting jack.canadia
How come you shorted after a drop in price? That draw down must suck
If you had looked, you could have had a trendline break to go short around 50.
  • #128,015
  • Mar 25, 2009 12:12pm Mar 25, 2009 12:12pm
So, a strategy question after polluting the thread with posting advice.

I've not seen much posted on the subject of varying bet sizes based on confidence levels. Is this something most posters do?

For example, I got on the wrong side of that odd spike from around 2pm GMT today. I was stopped out at the top of the spike and petulantly put another short in at 4688, which is a stupid habit I need to get out of. It doesn't necessarily lose money, but it's basically just gambling and increases the variance on my P/L.

However, it turned out OK on this occasion and the price came back down to the 4600 level promptly enough. Once it was clear 4600 had been pierced (at 4585), I doubled the short. Do you do this, or would you close the initial short as the 4600 support approached and sit out until next leg direction was established?

Again, it's turned out fine this time, but I'm wondering if it's unnecessary (or rather, disproportionate) risk, since I'm now short for double my usual size. If you do vary your size, are you entering/exiting gradually as significant levels approach, or is it all-or-nothing?
  • #128,016
  • Mar 25, 2009 12:14pm Mar 25, 2009 12:14pm
Quoting thetroll
Communication difficulties again, I guess. I'm sure your English will get better over time. The important thing is to try to take opportunities to learn from your mistakes, just as in trading. For example, here you should say "no comment". Now, if you remember that for next time, you'll have become better at English - easy!

Also, try to avoid frequently using font sizes for emphasis on forums. It doesn't project the authoritative image you think it does, I assure you.
Stop it please for the sake of GOD !!!
I am seeing no good atmospher here anymore !!!
Just argue about the Market and procedures Brothers !!!
Please....!!!!!
  • #128,017
  • Mar 25, 2009 12:21pm Mar 25, 2009 12:21pm
Quoting thetroll
So, a strategy question after polluting the thread with posting advice.

I've not seen much posted on the subject of varying bet sizes based on confidence levels. Is this something most posters do?

For example, I got on the wrong side of that odd spike from around 2pm GMT today. I was stopped out at the top of the spike and petulantly put another short in at 4688, which is a stupid habit I need to get out of. It doesn't necessarily lose money, but it's basically just gambling and increases the variance on my P/L.

However, it turned out OK on...

Troll the key is knowing direction

if you are going to trade for 1 hr or 4 hrs or all day it will make a difference in the analysis you need to do prior to trading.
this can only be done from the higher TF's and again will depend on how long you wish to trade

analysis needs to be updated constantly during trading hours

to answer your question now

yes.. if you understand the pair you are trading and its price action and have done your analysis prior to trading and are resonably sure of direction then once you have profit and locked in profit then you have a free trade that you can add to
Don't chase the market, Let the market come to you
  • #128,018
  • Edited 12:33pm Mar 25, 2009 12:29pm | Edited 12:33pm
Hey KIDDO, can you just shut up and learn for once???? You are just trading a micro account or maybe still in demo and you are bashing someone who has a little respect around here. I am not bragging but I have to say I trade multiple mini lots and sometime multiple standard lot and I RESPECT Abuawad analysis. What do you have to show? Show us your next Support & Resistant calls! Don't just come on a forum and start bashing people. Have you read thru his system PDF or saw his video???? Have you gone back to his posts a month ago, how about 2 months ago???? YOU ONLY HAVE 9 posts and all of them are bashing???? At least he showed us his track record on his analysis where is your??? Please stop and learn. And don't bash others about their English!!! It is so immature of you! There are many GREAT traders on here and many I personally know who has broken english. The last time I check, CHARTS doesn't speak a word of english but everyone can understand it. So if you CAN'T read or interpret charts, maybe you ought to learn first!!!!!

Abuawad, there are times in life you just have to ignore kids. They have nothing better to do. Why response to them? You can use the IGNORE button. You don't need to proof to anyone but yourself because no one pays your bill but you. I learn a long time, don't waste time responding to NEGATIVE, it will just drag you down. No matter how you response, if that person already have a NEGATIVE attitude, then it will be negative. So why bother???? Save your energy for your wife and kid.



Quoting thetroll
Communication difficulties again, I guess. I'm sure your English will get better over time. The important thing is to try to take opportunities to learn from your mistakes, just as in trading. For example, here you should say "no comment". Now, if you remember that for next time, you'll have become better at English - easy!

Also, try to avoid frequently using font sizes for emphasis on forums. It doesn't project the authoritative image you think it does, I assure you.
  • #128,019
  • Mar 25, 2009 12:30pm Mar 25, 2009 12:30pm
Quoting Abuawad
Try then to do better than me
can I make a freindly suggestion here?

start your own thread on this subject, people will follow and the bashers will leave you alone

then you can say what you want and nobody will say anything to you

you can solicit all the clients for your managed acounts and nobody will say anything about that either

one more suggestion also

give everyone that does approach you an investor password to prove you can live trade and much of this will stop.

passwords can be changed easy enough

good luck in your adventure
Don't chase the market, Let the market come to you
  • #128,020
  • Mar 25, 2009 12:33pm Mar 25, 2009 12:33pm
Quoting SeaPip
Hey KIDDO, can you just shut up and learn for once????...
Thanks my friend.
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