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Cable Update (GBPUSD)

  • #143,661
  • Jul 7, 2009 10:57am Jul 7, 2009 10:57am
Quoting cdforex
Nice I won't feel as lonely ........;
Hey cd nice to have company
Hero Traders Live to see their Accounts Die!
  • #143,662
  • Jul 7, 2009 10:58am Jul 7, 2009 10:58am
Quoting PiPaDoR
Hey Simoneg... I saw yours posts... U have been trading in different way today... Did u forget ur simple way of tradind?
Hey PipaDoR, I broke the rules today and allowed my profitable trades to return 0. This must be a take-a-break hint
Hero Traders Live to see their Accounts Die!
  • #143,663
  • Jul 7, 2009 10:58am Jul 7, 2009 10:58am
Quoting Turveyd
Dry those tears soldier and MFU

Stop hunting is over, resume UPward direction maybe LOL

What is stop hunting?
Thanks
  • #143,664
  • Jul 7, 2009 11:00am Jul 7, 2009 11:00am
Quoting Turveyd
Man the F### Up

Or Man From Uncle you choose

Man........you didn't suspect she was a woman? While I didn't "know", the avatar and the colors in the signature made it a GOOD trade!!!
Ghost Rider - WWTBMD?
  • #143,665
  • Jul 7, 2009 11:01am Jul 7, 2009 11:01am
Quoting albchr
Well you got 1 year 2 months on me then so I'll be humble.....

Personally, anything below the 1H is too much work for me...
Ok, while experience is good in FOREX, lessons learnt are more important. 15M gives good entries for me. Cant work with much higher than H4.
Hero Traders Live to see their Accounts Die!
  • #143,666
  • Jul 7, 2009 11:04am Jul 7, 2009 11:04am
Quoting simoneg
Hey PipaDoR, I broke the rules today and allowed my profitable trades to return 0. This must be a take-a-break hint
It's true take a break and relax... draw ur fibos and you will find the right way again.
I'm trying to recover some losses too. It's quite hard cos I lost 4K and now the fear wish to take control of me... but I'm fighting quite hard with this.
  • #143,667
  • Jul 7, 2009 11:06am Jul 7, 2009 11:06am
Quoting simoneg
Ok, while experience is good in FOREX, lessons learnt are more important. 15M gives good entries for me. Cant work with much higher than H4.
Agreed on the lessons for sure. I work only the 1 & 4 hour myself. Use daily and weekly to find the strong PPZ's and then simply trade PA from there on the 1 & 4.

I have no doubt you'll make your gains.....
Ghost Rider - WWTBMD?
  • #143,668
  • Jul 7, 2009 11:09am Jul 7, 2009 11:09am
Quoting PiPaDoR
It's true take a break and relax... draw ur fibos and you will find the right way again.
I'm trying to recover some losses too. It's quite hard cos I lost 4K and now the fear wish to take control of me... but I'm fighting quite hard with this.
Thanks PiPaDor, a slow recovery plan is always better, less pressure, better judgment. Gonna chill for the rest of the day. Have a good day all!
Hero Traders Live to see their Accounts Die!
  • #143,669
  • Jul 7, 2009 11:10am Jul 7, 2009 11:10am
Quoting albchr
Agreed on the lessons for sure. I work only the 1 & 4 hour myself. Use daily and weekly to find the strong PPZ's and then simply trade PA from there on the 1 & 4.

I have no doubt you'll make your gains.....
Thanks albchr, hope to eventually do less trading and focus on bigger TFs.
Hero Traders Live to see their Accounts Die!
  • #143,670
  • Jul 7, 2009 11:10am Jul 7, 2009 11:10am
today close below 1.6150 then my next 1st pit stop will be my LTL ~ 1.60/1.59 area...then 23.6% weekly which is 1.51??..let see what happen...

Mari mari ..mari kita tengok siapa yang kena...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu weekly.JPG Size: 82 KB
Click to Enlarge Name: gu daily.JPG Size: 89 KB
  • #143,671
  • Jul 7, 2009 11:19am Jul 7, 2009 11:19am
Quoting simoneg
Thanks albchr, hope to eventually do less trading and focus on bigger TFs.
I actually learned the other way around. Started on weekly / daily and learned how to read PA. It also taught me patience as well being that good setups took much longer to appear. Once I was profitable doing that, I moved down in TF's.
Ghost Rider - WWTBMD?
  • #143,672
  • Jul 7, 2009 11:22am Jul 7, 2009 11:22am
Quoting albchr
I actually learned the other way around. Started on weekly / daily and learned how to read PA. It also taught me patience as well being that good setups took much longer to appear. Once I was profitable doing that, I moved down in TF's.
Ok, maybe its the day trading blood in my veins
Hero Traders Live to see their Accounts Die!
  • #143,673
  • Jul 7, 2009 11:22am Jul 7, 2009 11:22am
Quoting pipiness
What is stop hunting?
Thanks
ignore this post about stop hutning....

there is NO stop hunting trust me ...lol . I have been short since 6433 and holding. The weekly futures chart I posted last week showed this move before it even happened. I mentioned several times move down in oil , gbp and indexes coming.

sometimes though there are moves counter trend that some call stop hunting. In vsa we call these testing of supply or demand , depdning on direction . If we see these on low volume then we know the pros are just testing supply or demand levels . We saw this testing os supply yesterday and again in the US session we see the selling continue. I noted in asian session (and provded charts as to why) this would likely not go over 1.6300.... and sure enough here we are 150 pips lower.
Blogging daily now at www.volume.zone
  • #143,674
  • Jul 7, 2009 11:23am Jul 7, 2009 11:23am
Hello everyone.

I am new on forex and I lose some money until now (greed and fear). I know with some practice will be good.
  • #143,675
  • Jul 7, 2009 11:26am Jul 7, 2009 11:26am
Quoting simoneg
Ok, maybe its the day trading blood in my veins

mine to I am a day trader . This week 1st swing trades in a while. Was trying to pm you with something that may help you , but you do not have that as an option
Blogging daily now at www.volume.zone
  • #143,676
  • Jul 7, 2009 11:27am Jul 7, 2009 11:27am
Quoting malcolmb14
gj i am selling rallies

s&p week so far and unless we get an intraday reversal on the ES (s &p emini) I expect a test of 6104 gu and 153.10 gj some time today ( these are the lower value areas of yesterday)
almost there gj .... a few pips off GU . but lots of hours left in the day yet
Blogging daily now at www.volume.zone
  • #143,677
  • Jul 7, 2009 11:28am Jul 7, 2009 11:28am
Quoting simoneg
Ok, maybe its the day trading blood in my veins
That's the beauty of this to me. Whatever style fits you is the best way to go. I too like day trading and since it's now my job, it's good thing I do....
Ghost Rider - WWTBMD?
  • #143,678
  • Jul 7, 2009 11:31am Jul 7, 2009 11:31am
Quoting malcolmb14
mine to I am a day trader . This week 1st swing trades in a while. Was trying to pm you with something that may help you , but you do not have that as an option
Cool Malcomb...what do i need to change to facilitate that?
Hero Traders Live to see their Accounts Die!
  • #143,679
  • Jul 7, 2009 11:34am Jul 7, 2009 11:34am
I like the pips that comes with swings but the for u, against u, for u, against u see saw can be nerve racking...Just love to bank my pips!
Hero Traders Live to see their Accounts Die!
  • #143,680
  • Jul 7, 2009 11:37am Jul 7, 2009 11:37am
Quoting simoneg
Cool Malcomb...what do i need to change to facilitate that?
go to profile .... edit option .. then messenging .. then check allow pms
Blogging daily now at www.volume.zone
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