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Cable Update (GBPUSD)

  • #139,821
  • Jun 24, 2009 10:41am Jun 24, 2009 10:41am
The thing about daily/weekly gains with small accounts is... you over leverage the crap out of it, do a good trade and you might even get 100% in one day...

BUT don`t post about it... just wait 2 months and show us your new Ferarri or 1 year and show us your new "richest man in the world title"... or your blown account... whichever comes first.

I attached an excel file(i didn`t make it i`m just sharing) so you can calculate how much 10% 15% 20% growth will make you in one year, even if you start with 100$...

Just a small example: you start with 100%, get 30 pips/day, 3 pips= 1% of the account value... so 10% growth/day.... you will be making your first million in 5 months... 100 milions in 8... and so on...
Attached File(s)
File Type: xls Daily_compounding_over_one_year.xls   60 KB | 324 downloads
  • #139,822
  • Jun 24, 2009 10:43am Jun 24, 2009 10:43am
Quoting alexandru987
The thing about daily/weekly gains with small accounts is... you over leverage the crap out of it, do a good trade and you might even get 100% in one day...

BUT don`t post about it... just wait 2 months and show us your new Ferarri or 1 year and show us your new "richest man in the world title"... or your blown account... whichever comes first.
Great Contribution...why didnt you post this on every previous post that listed profits and gains?
Hero Traders Live to see their Accounts Die!
  • #139,823
  • Jun 24, 2009 10:50am Jun 24, 2009 10:50am
Okay guys, cool it. Let's get back to the analysis of the cable. Let's see how the next 4H candle closes, if we get another red candle, we may be heading for the dumps.
  • #139,824
  • Jun 24, 2009 10:51am Jun 24, 2009 10:51am
Lets see
Attached Image (click to enlarge)
Click to Enlarge Name: cable.GIF Size: 28 KB
Let Price determine your future!
  • #139,825
  • Jun 24, 2009 10:52am Jun 24, 2009 10:52am
Also I would expect atleast a spike upwards before coming down lets see...
Let Price determine your future!
  • #139,826
  • Jun 24, 2009 10:53am Jun 24, 2009 10:53am
Becouse i now have the excel to prove it.

It was a good oportunity to share it... so i took it.

Green pips!
  • #139,827
  • Jun 24, 2009 10:53am Jun 24, 2009 10:53am
Staying focused an constructive we return to the analysis of Cable.
Hero Traders Live to see their Accounts Die!
  • #139,828
  • Jun 24, 2009 10:55am Jun 24, 2009 10:55am
Quoting NoviceInd
The Bear just Taking His nap, He is Going To Wake up for the rest of the week For His Breakfast And Then For Another weeks for his Lunch
guys we are not in a steady trend, it will go up or down 200 pips and then go back up or down 200 pips, it is a ranging week, don't you guys see this.
  • #139,829
  • Jun 24, 2009 10:57am Jun 24, 2009 10:57am
anyone wiz me that it may visit 1.6420 - 1.6380 today ?
  • #139,830
  • Jun 24, 2009 10:58am Jun 24, 2009 10:58am
Quoting MoeFx
guys we are not in a steady trend, it will go up or down 200 pips and then go back up or down 200 pips, it is a ranging week, don't you guys see this.
there will be no steady trend this week, and no break outs either way, geez
  • #139,831
  • Jun 24, 2009 10:59am Jun 24, 2009 10:59am
Quoting roreki
anyone wiz me that it may visit 1.6420 - 1.6380 today ?
If it seriously breaks 1.6473 yes!
Hero Traders Live to see their Accounts Die!
  • #139,832
  • Jun 24, 2009 11:00am Jun 24, 2009 11:00am
Quoting Geppyg
Also I would expect atleast a spike upwards before coming down lets see...
Don't expect it bro. That thought will mess with your head.
You'll get your free lunch when price close below 6470

Have a good one !
Thank You
  • #139,833
  • Jun 24, 2009 11:03am Jun 24, 2009 11:03am
i see the bull is alive and well
  • #139,834
  • Jun 24, 2009 11:06am Jun 24, 2009 11:06am
it respect 1.6480 so damin well !
  • #139,835
  • Jun 24, 2009 11:08am Jun 24, 2009 11:08am
Quoting Geppyg
..If you dont mind...

I have started loading my shorts on cable....

Positions 1:1.6513 will add every 20 pips it gets higher....

Good Luck

I am bearish on cable now and my overall target is 1.6350
good now i need to add this guy to my buddy list, finally found one hell of a serious guy on this thread
  • #139,836
  • Jun 24, 2009 11:09am Jun 24, 2009 11:09am
Quoting roreki
it respect 1.6480 so damin well !
lol, i see bro, but my bear gots to stay stong for now.
  • #139,837
  • Jun 24, 2009 11:10am Jun 24, 2009 11:10am
Quoting forexlion
good now i need to add this guy to my buddy list, finally found one hell of a serious guy on this thread
lol i have a sell contacts from 1.6280 , 1.6350 , 390 , 470 , 590
  • #139,838
  • Jun 24, 2009 11:10am Jun 24, 2009 11:10am
Anyone has any ideea why are we dropping?

Stocks had a very beautifull day and are at the highs of the day.... DAX and S&P are at R3...

Is it retracing and preparing for move up waiting for the news?

What`s making this very nice day for stocks into a bad one for currencies?

I don`t have volume indicators... is the selling backed up by big volume or are the big boys staying aside for now waiting?
  • #139,839
  • Jun 24, 2009 11:10am Jun 24, 2009 11:10am
I would like it to test the highs before...fomc....lets see
Let Price determine your future!
  • #139,840
  • Jun 24, 2009 11:12am Jun 24, 2009 11:12am
Quoting Geppyg
I would like it to test the highs before...fomc....lets see
do u think fomc will bring it down to 1.6350 or more ?
if u think so then u want to sell it again from 1.6600
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