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Cable Update (GBPUSD)

  • #143,301
  • Jul 6, 2009 7:59pm Jul 6, 2009 7:59pm
this is my first day trading forex somebody help!!
  • #143,302
  • Jul 6, 2009 8:00pm Jul 6, 2009 8:00pm
wis u luck

Quoting Cruzerio
this is my first day trading forex somebody help!!
Its all in the mind.
  • #143,303
  • Jul 6, 2009 8:06pm Jul 6, 2009 8:06pm
Quoting Cruzerio
this is my first day trading forex somebody help!!
http://www.babypips.com/

After you graduate, demo for 6 months.
Ghost Rider - WWTBMD?
  • #143,304
  • Jul 6, 2009 8:10pm Jul 6, 2009 8:10pm
Quoting Cruzerio
this is my first day trading forex somebody help!!

Okay this is serious help!!!

1. If you think you'll get rich over night, walk away think years before your profitable and even making any money which will cost you some money.
2. Trade Demo until profitable, then real money ( Small account ), then Demo then real you get the picture.
3. Indicators ignore them and the people that talk about them ( SMA's and Envelopes only for me )
4. Keep this game secret from the Mrs you don't need the extra stress!!

But despite all that, beating Forex is the ultimate challenge, I've beat everything else I've tried over the years and 5years nearly into forex and I'm still losing but less

Good luck, don't mean to sound negative but it's a HARD HARD game!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,305
  • Jul 6, 2009 8:10pm Jul 6, 2009 8:10pm
Quoting albchr
http://www.babypips.com/
After you graduate, demo for 6 months.
  • #143,306
  • Jul 6, 2009 8:13pm Jul 6, 2009 8:13pm
i come to make plenty pips
  • #143,307
  • Jul 6, 2009 8:14pm Jul 6, 2009 8:14pm
i am told $1000,000 can move the market. is that true
  • #143,308
  • Jul 6, 2009 8:16pm Jul 6, 2009 8:16pm
Quoting Cruzerio
i come to make plenty pips
Doesn't everybody.....
Ghost Rider - WWTBMD?
  • #143,309
  • Jul 6, 2009 8:17pm Jul 6, 2009 8:17pm
Quoting forexlion
Some folks just don't get how serious I am with that....
Ghost Rider - WWTBMD?
  • #143,310
  • Jul 6, 2009 8:18pm Jul 6, 2009 8:18pm
Quoting Cruzerio
i am told $1000,000 can move the market. is that true
leave and come back after baby pips
  • #143,311
  • Jul 6, 2009 8:18pm Jul 6, 2009 8:18pm
can anyone please direct me to good reading material on volume and elliot wave theory?
  • #143,312
  • Jul 6, 2009 8:21pm Jul 6, 2009 8:21pm
hello jack. thanks 4 the pivot indicators. they work like magic (only on demo so far) you analysis are simply great. keep up the good work
  • #143,313
  • Jul 6, 2009 8:24pm Jul 6, 2009 8:24pm
So whata think Jack, we drift down a bit from here through Asian and UK?

I've got a short from 6256 that I'll watch real close for now.
Ghost Rider - WWTBMD?
  • #143,314
  • Jul 6, 2009 8:25pm Jul 6, 2009 8:25pm
Heres a chart .. buy at the daily pivot but i dont know what u can expect .. probably a small scalp

I prefer a short at daily M3, target daily M1 at 6077.

Or, sell a break below the daily pivot but only enter on a valid retest of that level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 27 KB
  • #143,315
  • Jul 6, 2009 8:27pm Jul 6, 2009 8:27pm
Quoting albchr
So whata think Jack, we drift down a bit from here through Asian and UK?

I've got a short from 6256 that I'll watch real close for now.
i took my shorts off the table for a gain .. the draw down today scared me .. i am lucky we didnt break 6300! lol

but ya watch it closely .. im still bearish based on the 4 hour and below 6300.

malcolmb has a strong volume case too and it shows that the breakout was real selling
  • #143,316
  • Jul 6, 2009 8:30pm Jul 6, 2009 8:30pm
Quoting grashid
lock +50 from 1.61 buy limit for GU...TP=H4 38.2% =1.6350
Lock +5 from 153.25 for GY...TP=155

Sell limit GU @ 38.2%-50% in my mini..
Sell limit for GY @ 38.2% H4 155.50 in my mini....
Good luck to all and happy trading....
close my long GU and GY already hit my tP...taking manual short both of them..very nice sleeping time yesterday
  • #143,317
  • Jul 6, 2009 8:31pm Jul 6, 2009 8:31pm
Mine's a bit more simplistic. Just PPZ's and a couple EMA's. With the close of the last 4H under the 150, I think we'll see a little drop.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 17 KB
Ghost Rider - WWTBMD?
  • #143,318
  • Jul 6, 2009 8:31pm Jul 6, 2009 8:31pm
Quoting Cruzerio
i come to make plenty pips

You me and everyone else on here

Working out my average trade profit / loss per 100 trades from the start :-#

1st 100 = -£4.60 per trade
2nd 100 = -£2.42 per trade
3rd 100 = -£0.50 per trade
4th 100 = +£0.25 per trade ( profitable YES LOL )
5th 100 = -£1.97 per trade
6th 100 = -£1.61 per trade
7th 100 = -£0.91 per trade
8th 100 = +£3.04 per trade ( getting there )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,319
  • Jul 6, 2009 8:34pm Jul 6, 2009 8:34pm
Quoting jack.canadia
Heres a chart .. buy at the daily pivot but i dont know what u can expect .. probably a small scalp

I prefer a short at daily M3, target daily M1 at 6077.

Or, sell a break below the daily pivot but only enter on a valid retest of that level.
Bro I just know R1, R2, R3 and S1, S2, S3 but what is M1, M2 and M3?
Gold is Money but Money is not Gold
  • #143,320
  • Jul 6, 2009 8:40pm Jul 6, 2009 8:40pm
Quoting zamah
Bro I just know R1, R2, R3 and S1, S2, S3 but what is M1, M2 and M3?

It is just me then, I don't see any market respect from any pivots I've triend, okay maybe I'm trying to use them as S/R rather than a trend indicator and very vaguely but NO!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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