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Cable Update (GBPUSD)

  • #142,441
  • Jul 2, 2009 9:21pm Jul 2, 2009 9:21pm
Quoting forexlion
I would not exceed 1, but then its yer choice if you wish to dig yer own grave
Just to clarify thats 1 MINI lot correct forexlion?
Hero Traders Live to see their Accounts Die!
  • #142,442
  • Jul 2, 2009 9:26pm Jul 2, 2009 9:26pm
Quoting simoneg
Just to clarify thats 1 MINI lot correct forexlion?
drop by drop fills the bucket

drum by drum drowns the bucket

if yer trade 1 mini lot then yer loss is also small, keep yer losses small and increase pips collected

get the idea ?

if yer run after big lots then yer will be working double hard to recover the losses and wasting time in forex
  • #142,443
  • Jul 2, 2009 9:28pm Jul 2, 2009 9:28pm
Quoting forexlion
drop by drop fills the bucket

drum by drum drowns the bucket

if yer trade 1 mini lot then yer loss is also small, keep yer losses small and increase pips collected

get the idea ?

if yer run after big lots then yer will be working double hard to recover the losses and wasting time in forex
Oki Doke, thank yah! Well off to lala land see u all in the am!
Hero Traders Live to see their Accounts Die!
  • #142,444
  • Jul 2, 2009 9:35pm Jul 2, 2009 9:35pm
That means 1 mini lot for every US$10000 in your account?
  • #142,445
  • Jul 2, 2009 9:37pm Jul 2, 2009 9:37pm
Quoting Pip_Doc
That means 1 mini lot for every US$10000 in your account?
If I told you I trade 10 cents per pip for the kind of account balance i have, you would laugh at me, where i could trade 200 standard lots, i am trading 0.01 lot size
  • #142,446
  • Jul 2, 2009 9:38pm Jul 2, 2009 9:38pm
Quoting Ferick
Really weird that it wants to go up.
I think because equities paring their losses. Ended the short for +10 pips.
  • #142,447
  • Jul 2, 2009 9:41pm Jul 2, 2009 9:41pm
Quoting Ferick
I think because equities paring their losses. Ended the short for +10 pips.
respected sir, gu is just trying to get back to day open for another drop down, its a bull trap move
  • #142,448
  • Jul 2, 2009 9:45pm Jul 2, 2009 9:45pm
Quoting Ferick
I think because equities paring their losses. Ended the short for +10 pips.
Sydney session is normally interesting , Tokyo is boring, and Europe open starts the action

follow the twists and turns on eurusd to catch a glimpse of gu moods, audusd gives futuristic outlook
  • #142,449
  • Jul 2, 2009 9:49pm Jul 2, 2009 9:49pm
Quoting forexlion
drop by drop fills the bucket

drum by drum drowns the bucket

if yer trade 1 mini lot then yer loss is also small, keep yer losses small and increase pips collected

get the idea ?

if yer run after big lots then yer will be working double hard to recover the losses and wasting time in forex
You are absolutely correct Sir, I have lost thousands in the past chasing the home run trades . I have had many, but not nearly as many as I have had losses, taking smaller profits over time and minimizing losses is the way to go.
  • #142,450
  • Jul 2, 2009 9:54pm Jul 2, 2009 9:54pm
Good morning guys...
Never Stop Learning...
  • #142,451
  • Jul 2, 2009 9:58pm Jul 2, 2009 9:58pm
Quoting forexlion
Sydney session is normally interesting , Tokyo is boring, and Europe open starts the action

follow the twists and turns on eurusd to catch a glimpse of gu moods, audusd gives futuristic outlook

Both pairs starting to look Bullish, but as we know they can turn on a dime. GU wants to respect the Range I think. It tried to break it 3 times when equities and oil were loosing -3%. Looking to enter a long.
  • #142,452
  • Jul 2, 2009 10:02pm Jul 2, 2009 10:02pm
Quoting Ferick
Both pairs starting to look Bullish, but as we know they can turn on a dime. GU wants to respect the Range I think. It tried to break it 3 times when equities and oil were loosing -3%. Looking to enter a long.
sir there is no volume now !!!

wait for london boys to come and gang bang the dollar
  • #142,453
  • Jul 2, 2009 10:08pm Jul 2, 2009 10:08pm
.6320/25 area has held three times on the hourly; .6340 is the 78.6% fib retracement from the .6745 highs. I am still short at .6400 but w/a tight stop at .6440.
  • #142,454
  • Jul 2, 2009 10:10pm Jul 2, 2009 10:10pm
Quoting forexlion
sir there is no volume now !!!

wait for london boys to come and gang bang the dollar
You think they will go North? I am getting the same impression, but I am suspicious because of massive losses in equities and oil. The pair tested the lower end of the range during US session as well when volume was higher, but it failed then too. Very unclear which way it is going!!!!
  • #142,455
  • Jul 2, 2009 10:10pm Jul 2, 2009 10:10pm
Quoting forexlion
.....wait for london boys to come and gang bang the dollar
Just digging in the trenches like everyone else!
  • #142,456
  • Jul 2, 2009 10:18pm Jul 2, 2009 10:18pm
i want to sleep
  • #142,457
  • Jul 2, 2009 10:36pm Jul 2, 2009 10:36pm
Quoting forexlion
Sydney session is normally interesting , Tokyo is boring, and Europe open starts the action

follow the twists and turns on eurusd to catch a glimpse of gu moods, audusd gives futuristic outlook
Good post - so true
  • #142,458
  • Jul 2, 2009 10:37pm Jul 2, 2009 10:37pm
Quoting eohater
Eo buddy,

What up dude...?! 'Haven't seen you in here,
and neither have i been here! 'Hope all is well...

I've just been taking a trade a day, maybe two,
When the Oppt'y affords it. -Much Better!
Though i'm missing out, on a ton i 'make much confidence
on the good trades / edges that present themselves, instead of
over trading a bunch of "NON"-edges. !

How's the business & the family? -(if i remember right)...!
Have a Great one Eo,


Jeff ! P.S. Thx for admonition to take care of family needs, (Wife&- daughter) & elderly parents & situation -First... The trading always comes around & will always be there & present itself w/Oppt'y's! !
I will work to Objectively Identify my Edges
  • #142,459
  • Jul 2, 2009 10:45pm Jul 2, 2009 10:45pm
hey guys ..

i wrote earlier that the daily pivot would be the first hurdle, and price touched and was sold off that level, grabbed a few pips.

still have pending sell orders for 6415/40

for u/cad .. i was short and closed for +15.

the equities close today favors the dollar and i favor a short u/cad at 1.18 (since we would expect it to gain some strength) .. daily has a nice setup for that.
  • #142,460
  • Jul 2, 2009 11:13pm Jul 2, 2009 11:13pm
Quoting TerpFan2
Eo buddy,

What up dude...?! 'Haven't seen you in here,
and neither have i been here! 'Hope all is well...

I've just been taking a trade a day, maybe two,
When the Oppt'y affords it. -Much Better!
Though i'm missing out, on a ton i 'make much confidence
on the good trades / edges that present themselves, instead of
over trading a bunch of "NON"-edges. !

How's the business & the family? -(if i remember right)...!
Have a Great one Eo,


Jeff !...
I am not married and neither do I have any plans of getting married, I believe in freedom of a bachelor
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