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Cable Update (GBPUSD)

  • #133,881
  • May 22, 2009 6:54am May 22, 2009 6:54am
Quoting free4440273
$50 per pip
maybe demo trade
  • #133,882
  • May 22, 2009 6:55am May 22, 2009 6:55am
Quoting deboooo2005
hi all

minimize risk as everytime .... move My SL yesterday long from 1.5736 to 1.5845 to protect profit and also do the same for today long move SL from 1.5736 to 1.5845 @ BE let see if 1.5892 broke my first target will be 1.5945

wooooooooooow waiting to my first target
  • #133,883
  • May 22, 2009 6:57am May 22, 2009 6:57am
Quoting ammal07
AO hill is getting smaller, indicating bull power is getting lesser..
Bro, bull push up to high 5942..
Very bad, I close it with 2.5pip only..http://www.forexfactory.com/images/icons/icon6.gif
  • #133,884
  • May 22, 2009 6:59am May 22, 2009 6:59am
ah too bad.. i dont have enough courage again.. LOL...
  • #133,885
  • May 22, 2009 6:59am May 22, 2009 6:59am
Quoting deboooo2005
maybe demo trade
I started off 3 months ago with £35,000. However my luck has not been brilliant. I attended a course with John Bartlett around 7 weeks ago and have learnt a lot of great techniques since. My account at the moment is £1300 down. I have been risking more than i should but thats the nature in which i invest.

Anyway still learning and hope to improve with the help of you guys.

Have a nice weekend.
You've got to be IN IT to WIN IT!
  • #133,886
  • May 22, 2009 7:00am May 22, 2009 7:00am
Quoting mloistianto
Why is that arif?
I think cable still have appetite to go up, maybe it will go beyond 1.6 with right now is already reaching 1.5940 its just 60 pips away.
  • #133,887
  • May 22, 2009 7:01am May 22, 2009 7:01am
oopss my tp hit 5920 sill confuse it can go up more or will retrace back and then will go up? any idea?


Ub
  • #133,888
  • May 22, 2009 7:02am May 22, 2009 7:02am
Cable triggers stops just above 1.5900
Written by Gerry Davies
May 22, 2009 at 11:58 GMT

Cable is off to the races, triggering aforementioned buy stops just above 1.5900 and we’re quickly at 1.5935. Techical resistance now at 1.5970/80.

Seems GBP bulls are looking for a move to 1.6000, maybe even 1.6050 area. It certainly won’t be a straight line move, that’s for sure.
  • #133,889
  • May 22, 2009 7:03am May 22, 2009 7:03am
Quoting deboooo2005
maybe demo trade

  • #133,890
  • May 22, 2009 7:03am May 22, 2009 7:03am
hi

waiting to see if 1.5945 gonna break or not if break we will run to 1.5981 which is important area if break we will see 1.6048
if not break 1.5945 ... sort good choice
  • #133,891
  • May 22, 2009 7:04am May 22, 2009 7:04am
Quoting Ifty
I started off 3 months ago with £35,000. However my luck has not been brilliant. I attended a course with John Bartlett around 7 weeks ago and have learnt a lot of great techniques since. My account at the moment is £1300 down. I have been risking more than i should but thats the nature in which i invest.

Anyway still learning and hope to improve with the help of you guys.

Have a nice weekend.
my friend always joke to be more calm when we trading

and why you risk too much ?
  • #133,892
  • May 22, 2009 7:05am May 22, 2009 7:05am
now newspapers can start writing the story of the gbp strenght against dollar! a great 2009 argument. very very long on that position
  • #133,893
  • May 22, 2009 7:06am May 22, 2009 7:06am
Quoting deboooo2005
my friend always joke to be more calm when we trading

and why you risk too much ?
My question is why are you trading live when you're loosing money, demo demo demo....
simple....
  • #133,894
  • May 22, 2009 7:07am May 22, 2009 7:07am
wow 35000 is a big money.. let see, how we end this week shall we?
BTW, gbp is very bullish today isnt she?
and another thought, from the past movement maybe gu will rock to 1.6, what do u think guys?
  • #133,895
  • May 22, 2009 7:09am May 22, 2009 7:09am
Quoting Airmos
My question is why are you trading live when you're loosing money, demo demo demo....

anyone should practice lot at demo ... free account and start with small amounts @ demo i mean dont train on demo with equity more than 3k becuase if you practice with big equity ... you will not feel the high risk of this market
  • #133,896
  • May 22, 2009 7:10am May 22, 2009 7:10am
Quoting deboooo2005
my friend always joke to be more calm when we trading

and why you risk too much ?
The risk is definately too much, i don't doubt that. However, all depends on the overall targets. I am not interested in making small amounts of money but i do understand that with greater risks come greater loss/profit.

My same effort is required for $10 risk as there is with $500 risk. I do have a money management target that i am following with 5% risk. I hope that i make more than i lose but see what happens. At the moment i am chasing and so not completely satisfied.
You've got to be IN IT to WIN IT!
  • #133,897
  • May 22, 2009 7:11am May 22, 2009 7:11am
1.6030 is my target.
(Dont follow me, Its Dangerous!)
ABCD..
  • #133,898
  • May 22, 2009 7:13am May 22, 2009 7:13am
what is your entry point sreeprakash?
  • #133,899
  • May 22, 2009 7:14am May 22, 2009 7:14am
euromoney investor against gbpusd strong long position. don't be short mantain long or increment. tp 1,6030
  • #133,900
  • May 22, 2009 7:15am May 22, 2009 7:15am
Quoting Ifty
The risk is definately too much, i don't doubt that. However, all depends on the overall targets. I am not interested in making small amounts of money but i do understand that with greater risks come greater loss/profit.

My same effort is required for $10 risk as there is with $500 risk. I do have a money management target that i am following with 5% risk. I hope that i make more than i lose but see what happens. At the moment i am chasing and so not completely satisfied.

yeah 5% risk if lose 10 trades that mean lose 50% of the account ... look here we share our experience ... we all here help each other as friends and brother ... but first you must have your own system
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