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Cable Update (GBPUSD)

  • #142,401
  • Jul 2, 2009 5:07pm Jul 2, 2009 5:07pm
Quoting albchr
Started a live 5k account on June 8th. Today it sits at 19,977.34 with this one trade still open. Been studying my butt off since Sept. on demos. I may be just an old disabled carpenter, but I learn quickly....

Amazing what you can do when your life depends on it.

Still having trouble at 6330 though.....perhaps in UK?
I would suggest you take out 15k and trade with the rest... Just so that you have the satisfaction that you saved some money and also a good challenge ahead!.

Good luck
  • #142,402
  • Jul 2, 2009 5:10pm Jul 2, 2009 5:10pm
Quoting tjhimself
to be honest you should take out that 5k so no matter what ur positive on the investment
Oh it's far scarier than that guys. In short, I went disabled in Nov. 07. been living off savings ever since. I had 5k left to start an account. I need 6k a month to pay the bills. You can do the math from there....LOL

Any balance past 6k a month is for growing the account.....

EDIT: SHUCKS!! my trailer got taken out while I was typing. Now I gotta look for another entry. Damm old fat fingers anyway......LOL
20,468.54
Ghost Rider - WWTBMD?
  • #142,403
  • Jul 2, 2009 5:17pm Jul 2, 2009 5:17pm
Quoting albchr
Oh it's far scarier than that guys. In short, I went disabled in Nov. 07. been living off savings ever since. I had 5k left to start an account. I need 6k a month to pay the bills. You can do the math from there....LOL

Any balance past 6k a month is for growing the account.....
Wish you could succeed in your account and afford your monthly bills, and withdraw the initial funds 5k and trade with the profit
  • #142,404
  • Jul 2, 2009 5:17pm Jul 2, 2009 5:17pm
Quoting albchr
Oh it's far scarier than that guys. In short, I went disabled in Nov. 07. been living off savings ever since. I had 5k left to start an account. I need 6k a month to pay the bills. You can do the math from there....LOL

Any balance past 6k a month is for growing the account.....

EDIT: SHUCKS!! my trailer got taken out while I was typing. Now I gotta look for another entry. Damm old fat fingers anyway......LOL
20,468.54

Like me your a Just In Time person, thats IMPRESSIVE trading there especially as your back is to the wall, take 12K out that way you've got your bills paid without a worry and 8K to keep trading with.

Keep it up and don't get all penisy Luke!! ( Family guy version )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #142,405
  • Jul 2, 2009 5:19pm Jul 2, 2009 5:19pm
yep i closed ad opened again at 1.6358 and also a gbpjpy at 157 short both i hope tonight's good for me
  • #142,406
  • Jul 2, 2009 5:21pm Jul 2, 2009 5:21pm
More bad bank news

http://www.marketwatch.com/story/ill...-48th-failures
  • #142,407
  • Jul 2, 2009 5:24pm Jul 2, 2009 5:24pm
Quoting tjhimself
yep i closed ad opened again at 1.6358 and also a gbpjpy at 157 short both i hope tonight's good for me
Not me...lol

I have a strange feeling this puppy wants to test that 38 fib at 6428 again. Probably wrong but I'll sit on my hands for now and see. Keeps bouncing hard off the 6330ish area.

Patience now.......
Ghost Rider - WWTBMD?
  • #142,408
  • Jul 2, 2009 5:29pm Jul 2, 2009 5:29pm
Quoting Turveyd
Like me your a Just In Time person, thats IMPRESSIVE trading there especially as your back is to the wall, take 12K out that way you've got your bills paid without a worry and 8K to keep trading with.

Keep it up and don't get all penisy Luke!! ( Family guy version )
Thanks Turveyd

I just don't allow myself to get emotional about it. Losses are just part of the business (Just like my 30 year contracting one), I cut them fast and move on because I know the next nail I drive will hold....LOL
Ghost Rider - WWTBMD?
  • #142,409
  • Jul 2, 2009 5:32pm Jul 2, 2009 5:32pm
Quoting albchr
Thanks Turveyd

I just don't allow myself to get emotional about it. Losses are just part of the business (Just like my 30 year contracting one), I cut them fast and move on because I know the next nail I drive will hold....LOL

Yep thats really all there is too this game, sadly I'm too emotional when it comes to trading, which is weird cause in all other aspects of life I'm practicually a vulcan.


Let your profits run, cut your losses early and move on, SORTED!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #142,410
  • Jul 2, 2009 5:42pm Jul 2, 2009 5:42pm
I always try and stick to a long term view and then trade... Looking at the weekly, and then daily and jump off to H1 and H4 for entries... stay in the trade(s) for days or weeks until clear exit is spotted... Scalping for a few pips every day, and risking money had having psychological pressures can be compared against going for a single trade after carefully picking the right day and hour of entry... Different trading styles suit different individuals...
  • #142,411
  • Jul 2, 2009 5:51pm Jul 2, 2009 5:51pm
I use daily and weekly to find the PPZ's. I trade from the 1 & 4 hour. I take what the market gives. Some trades last days, others minutes and everywhere in between.

The trades I "look" for are like this one.....

http://www.forexfactory.com/showpost...stcount=140264

Had 3 very similar ones last week.
Ghost Rider - WWTBMD?
  • #142,412
  • Jul 2, 2009 5:51pm Jul 2, 2009 5:51pm
shorting 2 lots @ 6320. Now lets see it puke!
  • #142,413
  • Jul 2, 2009 5:57pm Jul 2, 2009 5:57pm
Quoting Bullbear0072
shorting 2 lots @ 6320. Now lets see it puke!

That's a pending order?

My feed hasn't dropped below 6322.7 and that was 8 hour ago.
Ghost Rider - WWTBMD?
  • #142,414
  • Jul 2, 2009 6:00pm Jul 2, 2009 6:00pm
Quoting albchr
That's a pending order?

My feed hasn't dropped below 6322.7 and that was 8 hour ago.
Yes sir. Don't know if it's gonna hit though? Dar's fire down der.
  • #142,415
  • Jul 2, 2009 6:06pm Jul 2, 2009 6:06pm
Monthly pivot @ 6337
  • #142,416
  • Jul 2, 2009 6:08pm Jul 2, 2009 6:08pm
Morning all......

Lovely to wake up to a sunny day filled with pips.

Still looking for 1.6200.

Later all.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #142,417
  • Jul 2, 2009 6:19pm Jul 2, 2009 6:19pm
1.6230-1.6200 looks like achievable in Asian session if 1.6322 breaks. Could get nice buy from there.
Hero Traders Live to see their Accounts Die!
  • #142,418
  • Jul 2, 2009 6:21pm Jul 2, 2009 6:21pm
Quoting Bull_Bear
Morning all......

Lovely to wake up to a sunny day filled with pips.

Still looking for 1.6200.

Later all.
AGREED!!! If we drop look for 6280 then if further 6170
  • #142,419
  • Jul 2, 2009 6:32pm Jul 2, 2009 6:32pm
Should I short it at 1.6333?
  • #142,420
  • Jul 2, 2009 6:40pm Jul 2, 2009 6:40pm
Support Resistance Levels 3 July 2009

1,6402 - 1,6419 - 1,646 - 1,6504 - 1,6535

1,6348

1,6249 - 1,6205 - 1,6178 - 1,6148 - 1,6098

Support resistance

.
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