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Cable Update (GBPUSD)

  • #146,741
  • Jul 16, 2009 3:21am Jul 16, 2009 3:21am
Quoting nihon.john
Hey Chris,

How's it going?

Man, you're up early! what is it, 4am over there?

Morning John,

Yep......I get up at 3:00 for the London session. Wish I got up at 4 this morning though. Check my previous post.....
Ghost Rider - WWTBMD?
  • #146,742
  • Jul 16, 2009 3:22am Jul 16, 2009 3:22am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Guys,

any of you use hedging or simple SL?


ams
  • #146,743
  • Jul 16, 2009 3:24am Jul 16, 2009 3:24am
Quoting wormboy
They're not complex I assure you. Just needs practise that's all.
If you're interested, go look for demark's studies.
Surely i'm interested, where is i can find demark's studies ? Just maybe i can learn something, hopely .
  • #146,744
  • Jul 16, 2009 3:25am Jul 16, 2009 3:25am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Sorry about the loss, but dude, coffee is a must have :-) lol


Can't say negative about london open. As I usually sclap the first hour, if you know what I mean ...shhhh trade secret :-)

Markets are not the same or probably will not be the same for long. As new rules are coming for hedging and shorting etc.


ams




Quoting albchr
Very true. Actually, I have made "some" calls before but in this mess, I wouldn't dare. I've done very well trading the short time I have but like this morning, I just squeezed off a 19 pip 2 lot loss because I broke two of my rules.

1) Never place a trade in the first hour of the London session
2) NEVER place a trade before at LEAST 1 cup of coffee...LOL
  • #146,745
  • Jul 16, 2009 3:28am Jul 16, 2009 3:28am
Quoting freeasabird
Surely i'm interested, where is i can find demark's studies ? Just maybe i can learn something, hopely .
this may help

http://www.forexfactory.com/showthread.php?t=8915
  • #146,746
  • Jul 16, 2009 3:30am Jul 16, 2009 3:30am
Quoting albchr
Morning John,

Yep......I get up at 3:00 for the London session. Wish I got up at 4 this morning though. Check my previous post.....
LOL I know what you mean. The toughest part of trading for me isn't money management or technicals, it's the schedule...and the patience, I feel like a monk or something, sitting quietly meditating on candles hours on end.

Probably we won't see a move until NY. I have a feeling everyone's waiting to see how the DJ will react to CIT.
  • #146,747
  • Jul 16, 2009 3:32am Jul 16, 2009 3:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Just to confirm BB, you absolutely sure or break of 140600 is worth considering?



ams

Quoting Bull_Bear
Ok lets take the EUR down..... sell @ 1.4090.... SL 1.4140.....Tp tell you later

Gotta run to my bro in law B'Day.
  • #146,748
  • Jul 16, 2009 3:34am Jul 16, 2009 3:34am
Quoting nihon.john
LOL I know what you mean. The toughest part of trading for me isn't money management or technicals, it's the schedule...and the patience, I feel like a monk or something, sitting quietly meditating on candles hours on end.

Probably we won't see a move until NY. I have a feeling everyone's waiting to see how the DJ will react to CIT.

The schedule is easy for me. Having been self employed since age 16, I'm used to a 20 - 22 hour day 6 -7 days a week.

Patience isn't a problem either but figuring out messes like this can be a challenge for me...LOL

Money Management? Well....that would be easier if I had more to manage.....LOL
Ghost Rider - WWTBMD?
  • #146,749
  • Jul 16, 2009 3:37am Jul 16, 2009 3:37am
Quoting albchr
Your Dad and my Dad would probably get along well...as we do...
Thank You
  • #146,750
  • Jul 16, 2009 3:43am Jul 16, 2009 3:43am
chris, i'm riding dragon .
You told me to holler lol
Thank You
  • #146,751
  • Jul 16, 2009 3:47am Jul 16, 2009 3:47am
..see you guys tonight....

http://www.youtube.com/watch?v=eADt1lFpmCA
  • #146,752
  • Jul 16, 2009 3:49am Jul 16, 2009 3:49am
Quoting wormboy
chris, i'm riding dragon .
You told me to holler lol

I'm in...the spread is much better too... .58/.61

WHOOPS...that was the UJ....oh well...have a position on both now. MAN I need more coffee......
Ghost Rider - WWTBMD?
  • #146,753
  • Jul 16, 2009 4:00am Jul 16, 2009 4:00am
Quoting albchr
I'm in...the spread is much better too... .58/.61

WHOOPS...that was the UJ....oh well...have a position on both now. MAN I need more coffee......
Thank You
  • #146,754
  • Jul 16, 2009 4:01am Jul 16, 2009 4:01am
Quoting David1963
this may help

http://www.forexfactory.com/showthread.php?t=8915
OK, thank's bro.
  • #146,755
  • Jul 16, 2009 4:02am Jul 16, 2009 4:02am
I enter long @1.6360 ... SL : 6300...green pips alreadyyy
  • #146,756
  • Jul 16, 2009 4:03am Jul 16, 2009 4:03am
Quoting wormboy

Let me ask you brother, does the dragon usually run "roughly" the same way as the GU?
Ghost Rider - WWTBMD?
  • #146,757
  • Jul 16, 2009 4:06am Jul 16, 2009 4:06am
Quoting albchr
Let me ask you brother, does the dragon usually run "roughly" the same way as the GU?
yup most of the time. except dragon is like cable on steroids
Thank You
  • #146,758
  • Jul 16, 2009 4:10am Jul 16, 2009 4:10am
Quoting wormboy
yup most of the time. except dragon is like cable on steroids
Well...here's hoping she's taken a handful and looking to land...LOL

I got in at 153.26
Ghost Rider - WWTBMD?
  • #146,759
  • Jul 16, 2009 4:10am Jul 16, 2009 4:10am
Quoting David1963
this may help

http://www.forexfactory.com/showthread.php?t=8915

Hey where do I get this Demark Indi>>>Is It good....
  • #146,760
  • Jul 16, 2009 4:14am Jul 16, 2009 4:14am
Quoting albchr
The schedule is easy for me. Having been self employed since age 16, I'm used to a 20 - 22 hour day 6 -7 days a week.

Patience isn't a problem either but figuring out messes like this can be a challenge for me...LOL

Money Management? Well....that would be easier if I had more to manage.....LOL
Wow. It's amazing how similar we are. I started my construction company when I was 17. Never missed a deadline in 25 years (lots of 22 hour days, so I know what you mean.)

It's an honest pleasure to meet you.
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