Cable Update (GBPUSD)
- #143,082
- Jul 6, 2009 9:11am Jul 6, 2009 9:11am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
yes busy days. i hope i will post more in the next period.
trade safe
- #143,083
- Jul 6, 2009 9:13am Jul 6, 2009 9:13am
- Joined Mar 2009 | Status: Getting closer to ...... | 1,787 Posts
Not everyone hide their losses. I show them, big or small
I hand it to traders who do post there losses, we are human and nobody goes there career without loosing. So people feel free to post the risky gains, but add the losses while you at it. It adds credibility IMHO because it shows you are a well rounded traders who understands.
Razor
Sorry for getting things off track. Bias for the month is bearish. We look to have rounded last month at the top of a monthly run and so far the bearish results that have started this month may take hold (time will tell). mid 5000 see some support and fib levels fall there, which one will define the pullback we will see, but Im targetting at least 5600.
Sorry about that, copying and pasting didn't work too well. Those shorts look good now.
Price movement before news is because most people take all their orders off the markets then they hit orders and reverse them. After news everyone gets into their position for the longer term. So yes it's a good area for continuation or reversal but as a whole I think it's more important to look out for bigger news items
.
Price movement before news is because most people take all their orders off the markets then they hit orders and reverse them. After news everyone gets into their position for the longer term. So yes it's a good area for continuation or reversal but as a whole I think it's more important to look out for bigger news items
.
- #143,088
- Jul 6, 2009 9:15am Jul 6, 2009 9:15am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
If price moves that fast, you should be able to notice just on the ticker
Close to 100 points in less than 10 minutes usually indicates either S/R broken or acceleration to S/R then the reversal IMO.
Hope your still long.
But that drop almost took me out, 2 pips spared me!
Thank You
- #143,089
- Jul 6, 2009 9:16am Jul 6, 2009 9:16am
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
I am filled at -6210 also TP 6110. SL is at -6260, which is comfortqbly qbove the Murray Math Line at 6235 which I expect to provide strong resistance. A confident breqk qnd retest of this level will make me consider switching to the long side, but for now Shorts R us!!
we'll be lucky to see lower than 6100 today just based on the average daily movements of GU .. so dont get too greedy with potential profits on shorts.
- #143,090
- Jul 6, 2009 9:16am Jul 6, 2009 9:16am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
I dont either, Ive been trading long enough to know losses are part of the setup and they will happen 1000's of times through a trading career. My journal posted losses all last month with the chop and my account was down in total at the end of June. Do I mind? Of course not, good starts to the month like this month so far help reverse them. Drawdown periods will happen, just like the sun rises in the morning and sets in the evening.
I hand it to traders who do post there losses, we are human and nobody goes there career without loosing. So people...
1. Open a Micro account.
2. Deposit $100Mil into the account.
3. If you like long, go long 1 micro lot $0.10 per pip.
4. If the market moves against you every 100 pips buy another.
5. Wait sometimes years for your trade to come back, why you'll need 100mil
So no more excuses just do it!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #143,091
- Jul 6, 2009 9:17am Jul 6, 2009 9:17am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Look H4 carefully...short at OS....unless u have good mm..Good luck...
Noted. Thanks mate. That 100 didn't look like much on the h6 lol.
But that drop almost took me out, 2 pips spared me!
--------------------------
Good trading all, hope you enjoyed your weekends and that read I gave you
.ciao.
- #143,093
- Jul 6, 2009 9:17am Jul 6, 2009 9:17am
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
It is possible, to never ever take a loss with this simple system.
1. Open a Micro account.
2. Deposit $100Mil into the account.
3. If you like long, go long 1 micro lot $0.10 per pip.
4. If the market moves against you every 100 pips buy another.
5. Wait sometimes years for your trade to come back, why you'll need 100mil
So no more excuses just do it!!
- #143,094
- Jul 6, 2009 9:18am Jul 6, 2009 9:18am
I would say thats a big 10/4 in the no department. If my years of trading have taught me anything its that people like to show there winners, seldom share there losses. The bigger the win, the bigger the grin. You dont hear about the bigger losses, it just doesnt feed the same way.
$8000 from $2500, you might want to call Larry Williams, his record might be in jeopardy
Razor
yes senseing exagerations at work anyway anyway my a/c is up since confering in this tread thanks to bull bar for givin me acorns!! its not as rowdy as eurusd tread
- #143,096
- Jul 6, 2009 9:20am Jul 6, 2009 9:20am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #143,099
- Jul 6, 2009 9:22am Jul 6, 2009 9:22am
Fractal breakout and entry signal at .6169, 15M Timeframe.
Second TP triggered at .6210 fibonacci resistence, closed the third position too without touch TP .6237, too much risky for me in news period, got some long-pips
http://img406.imageshack.us/img406/3716/immagineute.jpg
Second TP triggered at .6210 fibonacci resistence, closed the third position too without touch TP .6237, too much risky for me in news period, got some long-pips
http://img406.imageshack.us/img406/3716/immagineute.jpg
we'll be lucky to see lower than 6100 today just based on the average daily movements of GU .. so dont get too greedy with potential profits on shorts.