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Cable Update (GBPUSD)

  • #133,901
  • May 22, 2009 7:17am May 22, 2009 7:17am
Quoting mloistianto
what is your entry point sreeprakash?
1.5890
ABCD..
  • #133,902
  • May 22, 2009 7:18am May 22, 2009 7:18am
..rumors of gbp is going in a recent future to be assorbed by euro..stay tuned!
  • #133,903
  • May 22, 2009 7:18am May 22, 2009 7:18am
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.
Nobody likes loosing $, 1 peace of advice. Trade for 1 week on the demo, if you're happy with the results continue with live trading if not: reality check is up ahead, think throughtly about your strat and your goals.

Airmos
simple....
  • #133,904
  • May 22, 2009 7:21am May 22, 2009 7:21am
all the indicator pretty bullish to me, anyone doing any trade now?
  • #133,905
  • May 22, 2009 7:21am May 22, 2009 7:21am
Quoting deboooo2005
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
Thats what i have been taught in the course. You can check this guy out on youtube if you want. What do you suggest? I have taked this up full-time and so need all the advice i can get. I appreciate your help whole heartedly.

I am following bollinger bands, rsi, parabolic sar, macd etc but these are obviously there to help but we all know that the market is random and anything can happen.

So far i am learning the EMOTIONAL side of this game like an olympic 100m runner. Definately not good for the heart.
You've got to be IN IT to WIN IT!
  • #133,906
  • May 22, 2009 7:23am May 22, 2009 7:23am
selling GBP/USD now stop loss is 1.5960 first target 1.5894, second target 1.5829...

(DOnt follw me ... dengerous)
  • #133,907
  • May 22, 2009 7:24am May 22, 2009 7:24am
Quoting Ifty
Thats what i have been taught in the course. You can check this guy out on youtube if you want. What do you suggest? I have taked this up full-time and so need all the advice i can get. I appreciate your help whole heartedly.

I am following bollinger bands, rsi, parabolic sar, macd etc but these are obviously there to help but we all know that the market is random and anything can happen.

So far i am learning the EMOTIONAL side of this game like an olympic 100m runner. Definately not good for the heart.

EMOTIONAL side is the first step on losing account ... please dont do that
  • #133,908
  • May 22, 2009 7:24am May 22, 2009 7:24am
wow, what is your base of action to sell?thanks
  • #133,909
  • May 22, 2009 7:26am May 22, 2009 7:26am
Quoting yauming
Bro, bull push up to high 5942..
Very bad, I close it with 2.5pip only..http://www.forexfactory.com/images/icons/icon6.gif
i hope if still can go up,1.5960 the highers for today..
Attached Image (click to enlarge)
Click to Enlarge Name: guh12205b.gif Size: 8 KB
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #133,910
  • May 22, 2009 7:27am May 22, 2009 7:27am
Quoting deboooo2005
EMOTIONAL side is the first step on losing account ... please dont do that
Thanks for your advice. This forum is great place to meet you guys and get help. Nice one. BTW i traded the demo account back in february for 1 month. Took the account from $50,000 to $62,000 but not having the same luck in the real account (down £1300).

Anyway, keep in touch brothers/sisters. God bless you all.
You've got to be IN IT to WIN IT!
  • #133,911
  • May 22, 2009 7:29am May 22, 2009 7:29am
Quoting ammal07
i hope if still can go up,1.5960 the highers for today..
I see divergence too, but no price confirmation. Flat for now.
Hear the music before the song is over ...
  • #133,912
  • May 22, 2009 7:30am May 22, 2009 7:30am
if gu cannot pass the 1.595 i think its time to short, anyone agree?
but at this rate, i think it will pass the 1.595 lets wait..
  • #133,913
  • May 22, 2009 7:39am May 22, 2009 7:39am
seems like GBP only appreciating........... I lost nearly all
BANDA333
  • #133,914
  • May 22, 2009 7:40am May 22, 2009 7:40am
long long and only long! the story is going on!
  • #133,915
  • May 22, 2009 7:42am May 22, 2009 7:42am
what story brother?what is ur analysis based on?
  • #133,916
  • May 22, 2009 7:42am May 22, 2009 7:42am
second target change 1.5868 now....
  • #133,917
  • May 22, 2009 7:43am May 22, 2009 7:43am
Quoting BANDA
seems like GBP only appreciating...........
Personally i think the 1.60 mark will hit 100%. There seems to be such a bullish attitude that its inevitable. However, that will be the turning point at which it will probably plummet.

I am going to watch this thing until later next week before i get too trigger finger happy and start trading.
You've got to be IN IT to WIN IT!
  • #133,918
  • May 22, 2009 7:48am May 22, 2009 7:48am
hi

waiting 4hour new candle after 11 minutes ...
  • #133,919
  • May 22, 2009 7:49am May 22, 2009 7:49am
Quoting deboooo2005
hi

waiting 4hour new candle after 11 minutes ...
I there anything interesting? r u waiting for bullish sign?
  • #133,920
  • May 22, 2009 7:53am May 22, 2009 7:53am
Quoting mloistianto
what story brother?what is ur analysis based on?
LOL... I think his analysis is based on OBVIOUS fact. ... Anyone shorting with a trend like this is doing so with great, great risk.
Doh! I didn't mean to do that.
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