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Cable Update (GBPUSD)

  • #149,381
  • Jul 22, 2009 9:12am Jul 22, 2009 9:12am
even the game is so boring i will just look to the chart
  • #149,382
  • Jul 22, 2009 9:15am Jul 22, 2009 9:15am
Quoting albchr
I think you really NEED to have a plan BEFORE placing a trade. Why you're getting in, where you're getting out and what you'll risk to do so. Then, trade your plan and live with the results.

I REALLY hope this is a DEMO account. If not KILL this trade, STOP live trading, go here... www.babypips.com Graduate it's collage and then DEMO for at least 6 months or until you are consistently profitable for 3 months in a row.

This is meant from the heart. There is NO need to lose a DIME when learning to trade.
wow.. babypips.. i graduate from there..

emm... alb... good advice for newbie..
  • #149,383
  • Jul 22, 2009 9:16am Jul 22, 2009 9:16am
Quoting albchr
The only reason I'm even thinking about shorting it at 6439 is because that sits right on my utl to the pip. So if it goes through my line, I can kill it for just a pip or two loss. But I don't think it will get there again on this hour.

EDIT: Nope, didn't get there.....LOL
Same rationale behing my short.
Told myself to leave the Pc and allow the PA to play utself out, but just can't seem to get my body to leave the chair. I'm still hoping 6450 holds.
London closed butno direction yet. Think it will tank?
In all your ways acknowledge Him and He will direct your path.
  • #149,384
  • Jul 22, 2009 9:18am Jul 22, 2009 9:18am
I think so
Disclaimer: Check your 1m charts
  • #149,385
  • Jul 22, 2009 9:19am Jul 22, 2009 9:19am
hmmm ... something wrong with my chart. suddenly everything stopped.
bernanke died?
pa =
Thank You
  • #149,386
  • Jul 22, 2009 9:19am Jul 22, 2009 9:19am
Orait seem need to go..Good luck to all
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  • #149,387
  • Jul 22, 2009 9:21am Jul 22, 2009 9:21am
Quoting alexandru987
I`ll just wait for the US session to finish before shorting... they don`t look so bearish to me, we went up since it started... and expectations for earnings are really low i`m guessing many of the reports today will be positive.

Not sure if they can push it over the rezistance but they look like they are willing to try... right now it`s consolidating but i expect them to at least try and get over it before 17:00...

Green pips!


EDIT: Also S&P is close to the higherst point since the recession.... going over that will most likely drag the...
What exactly are you saying - SHORT or LONG?
In all your ways acknowledge Him and He will direct your path.
  • #149,388
  • Jul 22, 2009 9:23am Jul 22, 2009 9:23am
Quoting OmegaFire
Same rationale behing my short.
Told myself to leave the Pc and allow the PA to play utself out, but just can't seem to get my body to leave the chair. I'm still hoping 6450 holds.
London closed butno direction yet. Think it will tank?
If it's causing you so much emotional stress then just close it out with a small loss. Once price breaks from this consolidation area, then you decide whether to enter again or not. It's not worth stressing yourself out over a small loss especially when price is consolidating, unless that is your style of trading. That's just my humble opinion and the way I trade.
On a journey to consistency.
  • #149,389
  • Jul 22, 2009 9:24am Jul 22, 2009 9:24am
Quoting ganymedes
Short @ 1.6423, SL @ 1.6453.
Intraday targets 1.6385.
Closed (-11).
  • #149,390
  • Jul 22, 2009 9:24am Jul 22, 2009 9:24am
Quoting albchr
This is meant from the heart. There is NO need to lose a DIME when learning to trade.
Sorry but disagree on the DIME part, although that would be nice, Demo is too easy, trade with a small account $1 per pip or even $0.1 first, better to top up regular with demo spells inbetween to reduce your costs, like add $100 lose it, demo learn, try again and repeat until profitable.

That's what I'm doing, yes I'm paying @£1500 thus far to learn but I expect I'll make back my £1500 real quick when perfected so it's a chance I'm willing to take!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,391
  • Jul 22, 2009 9:26am Jul 22, 2009 9:26am
Quoting Tataocb
If it's causing you so much emotional stress then just close it out with a small loss. Once price breaks from this consolidation area, then you decide whether to enter again or not. It's not worth stressing yourself out over a small loss especially when price is consolidating, unless that is your style of trading. That's just my humble opinion and the way I trade.
Good say ..
  • #149,392
  • Jul 22, 2009 9:28am Jul 22, 2009 9:28am
and here it goes
  • #149,393
  • Jul 22, 2009 9:29am Jul 22, 2009 9:29am
Quoting dswk
up we go (sl 1.64) try to enter around 25/29
and up we are... just read yours graphs !
  • #149,394
  • Jul 22, 2009 9:29am Jul 22, 2009 9:29am
Quoting Turveyd
Sorry but disagree on the DIME part, although that would be nice, Demo is too easy, trade with a small account $1 per pip or even $0.1 first, better to top up regular with demo spells inbetween to reduce your costs, like add $100 lose it, demo learn, try again and repeat until profitable.

That's what I'm doing, yes I'm paying @£1500 thus far to learn but I expect I'll make back my £1500 real quick when perfected so it's a chance I'm willing to take!!
If that's what works for you..good deal..

I learned on demo and for getting at least the basic skills of trading and an idea on how the market works, it's the safest play. That's what works for me...
Ghost Rider - WWTBMD?
  • #149,395
  • Jul 22, 2009 9:30am Jul 22, 2009 9:30am
The dollar is re-testing yesterdays lows in a few moments.
Interesting...
8 days of straight gains for stocks?? Shorting seemed like the right thing to do!
  • #149,396
  • Jul 22, 2009 9:31am Jul 22, 2009 9:31am
Quoting Turveyd
Sorry but disagree on the DIME part, although that would be nice, Demo is too easy, trade with a small account $1 per pip or even $0.1 first, better to top up regular with demo spells inbetween to reduce your costs, like add $100 lose it, demo learn, try again and repeat until profitable.

That's what I'm doing, yes I'm paying @£1500 thus far to learn but I expect I'll make back my £1500 real quick when perfected so it's a chance I'm willing to take!!
Quite right. Paid my dues here. 15k usd paid for the real time "tuition fees" lol.
Everybody pays no matter what. Coming back after the beating is another story. That creates hardened traders.
Sorry to burst the bubble
Thank You
  • #149,397
  • Jul 22, 2009 9:31am Jul 22, 2009 9:31am
Lets see if it has the spunk to close above 6460 this hour....
Ghost Rider - WWTBMD?
  • #149,398
  • Jul 22, 2009 9:32am Jul 22, 2009 9:32am
Strong resistance at 646x. Lets see how it goes from here.
~Bhavik
  • #149,399
  • Jul 22, 2009 9:34am Jul 22, 2009 9:34am
Quoting wormboy
Quite right. Paid my dues here. 15k usd paid for the real time "tuition fees" lol.
Everybody pays no matter what. Coming back after the beating is another story. That creates hardened traders.
Sorry to burst the bubble
Hope this means I haven't got alot more losses to go LOL

I can't take Demo seriously, I need to atleast have a chance of making some money to make me even bother to place trades.

The only Demo I really do is my Account double work out, ie see how first using as many Lots as I can, double the account, record is 35mins so far, good to sharpen your scalping reflex's
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,400
  • Jul 22, 2009 9:35am Jul 22, 2009 9:35am
Quoting wormboy
Quite right. Paid my dues here. 15k usd paid for the real time "tuition fees" lol.
Everybody pays no matter what. Coming back after the beating is another story. That creates hardened traders.
Sorry to burst the bubble
I guess all you folks with incomes can afford to loose real money. I've been disabled since November 07 and not a dime of income. This account is the last of my savings we lived on for that time.

Yep...LOL...You can BET I used a demo account for the last 10 months and still do for trying new things.

To each their own I always say...
Ghost Rider - WWTBMD?
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