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Cable Update (GBPUSD)

  • #130,721
  • Apr 29, 2009 11:20am Apr 29, 2009 11:20am
trade well guys
  • #130,722
  • Apr 29, 2009 11:20am Apr 29, 2009 11:20am
well, i guess that was it.... good for approx 50 pt drop... not too much in the way of surprise.
  • #130,723
  • Apr 29, 2009 11:29am Apr 29, 2009 11:29am
Quoting smartalicus
well, i guess that was it.... good for approx 50 pt drop... not too much in the way of surprise.
yep, no surprises. long-dated treasuries have dropped back, slight recovery in the greenback but stocks still remain strong... for now.
  • #130,724
  • Apr 29, 2009 11:31am Apr 29, 2009 11:31am
im short from 1.4800,what u guys think is this a good spot to enter,should i keep a tight sl
  • #130,725
  • Apr 29, 2009 11:36am Apr 29, 2009 11:36am
You have lots of gut to be in a position b4 the announcement. And If you asked this b4 the announcement (which u should), my answer would be a definite yes. But since u r already in profit, move SL to BE or 10-20 pips gain. The golden rule of trading is to Never let a winner become a looser.

Quoting sometospend
im short from 1.4800,what u guys think is this a good spot to enter,should i keep a tight sl
  • #130,726
  • Apr 29, 2009 11:38am Apr 29, 2009 11:38am
moved my stop to 5
  • #130,727
  • Apr 29, 2009 12:39pm Apr 29, 2009 12:39pm
H&S TF1H possibility formation
  • #130,728
  • Apr 29, 2009 1:00pm Apr 29, 2009 1:00pm
yo D .....how u doing?
i see yur ass is back into trading again? .....its great to see man!

it looks like the minute EO opened a thread this thread started to shrink.....
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 29 KB
  • #130,729
  • Apr 29, 2009 1:12pm Apr 29, 2009 1:12pm
D ??? me ???


Yep i'm back, making 300% 1 week then giving it back in 1 day LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #130,730
  • Apr 29, 2009 1:20pm Apr 29, 2009 1:20pm
Quoting rb26dett
H&S TF1H possibility formation

so would you say were in the "head region" now? trying to see what youre seeing.....
  • #130,731
  • Apr 29, 2009 1:27pm Apr 29, 2009 1:27pm
Quoting Turveyd
D ??? me ???


Yep i'm back, making 300% 1 week then giving it back in 1 day LOL
yup u ......good stuff man! some things never change.just kidding

i think i moved around the corner bro....have a look at my journal sometime..
  • #130,732
  • Apr 29, 2009 1:33pm Apr 29, 2009 1:33pm
Ohhhhh no, over did it, got tired and got stupid I think.

I did spot your journal, meant to post in it to subscribe will see it again I'm sure!!

The secret is to trade casually, let the market come to you and wait for that setup, if your activly trying to make $$$'s, you force to many trade and screw it up, well I do
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #130,733
  • Apr 29, 2009 1:33pm Apr 29, 2009 1:33pm
Quoting Turveyd
D ??? me ???


Yep i'm back, making 300% 1 week then giving it back in 1 day LOL
you are lucky that u made 300% and gave it back.
I made 100% and gave back 200%
Good luck all
  • #130,734
  • Apr 29, 2009 1:45pm Apr 29, 2009 1:45pm
Quoting MantaRedSea
you are lucky that u made 300% and gave it back.
I made 100% and gave back 200%
Good luck all

Standard procedure if your playing the high risk MM wise trades, easy come easy go sadly.

13months without adding money just to blow it all on a BAD day LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #130,735
  • Edited 2:58pm Apr 29, 2009 2:44pm | Edited 2:58pm
Quoting Turveyd
Standard procedure if your playing the high risk MM wise trades, easy come easy go sadly.

13months without adding money just to blow it all on a BAD day LOL
yeah same old stuff...unless u change the way u trade...i reckon ive improved 100% and still im not sure if i was live ive been profitable....i think being a profitable trader is harder than achieving success in anything, which is impossible to know cause its all relative
  • #130,736
  • Apr 29, 2009 2:48pm Apr 29, 2009 2:48pm
Quoting nAVIN2007
yeah same old stuff...unless u change the way u trade...i reckon ive improved 100% and still im not sure if i was live ive been profitable....i think being a profitable trader is harder than achieving success in anything, which is possible to know cause its all relative
Nah my tradings came along HUGELY, holding for good profits not 6pips, exiting in profit with ease when it's time, BUT when on the wrong side I hold to it kills me, where as I should merely flip sides, but nearly worked that out of my system then it's millionaires vill dude

In about 10years time
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #130,737
  • Apr 29, 2009 2:57pm Apr 29, 2009 2:57pm
Quoting Turveyd
Nah my tradings came along HUGELY, holding for good profits not 6pips, exiting in profit with ease when it's time, BUT when on the wrong side I hold to it kills me, where as I should merely flip sides, but nearly worked that out of my system then it's millionaires vill dude

In about 10years time
the problem with this type of trading is....theres discretion which will always lead to u getting wins and one loss wipe yur ass out!!

this month i probably had 36 trades of which 14 were successfull and made more profit than any month....the difference was trading longer time frame.....and looking for trades risk reward 1:4

keep fighting but if it aint working change what yur doing...speak to u soon D
  • #130,738
  • Apr 29, 2009 5:01pm Apr 29, 2009 5:01pm
Quoting nAVIN2007
the problem with this type of trading is....theres discretion which will always lead to u getting wins and one loss wipe yur ass out!!

this month i probably had 36 trades of which 14 were successfull and made more profit than any month....the difference was trading longer time frame.....and looking for trades risk reward 1:4

keep fighting but if it aint working change what yur doing...speak to u soon D
Constantly tweaking, issue currently is, when I get stuck on at trade and the market reverses on me ( Or I unwittingly jump on the wrong side ), I hold it all the way down, rather than getting off immediately, but nearly got that cracked.

Trading is 99% mental!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #130,739
  • Apr 29, 2009 10:27pm Apr 29, 2009 10:27pm
Hi!
just got long @ 4798, sl 4778 and looking towards first 4855 and then 4900, 4940. hourly chart looks strongly up, only moment is that i could correct it down to 4750 area before climbing, but hopefully not.
  • #130,740
  • Apr 29, 2009 10:38pm Apr 29, 2009 10:38pm
35mns to close of my 4H bar, its shaping up to be a possible pin. rejected by the 61.8% fib. against the long hourly up trend, continuaton pin maybe??
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