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Cable Update (GBPUSD)

  • #149,421
  • Jul 22, 2009 11:54am Jul 22, 2009 11:54am
Bernanke just fart??.....
Ghost Rider - WWTBMD?
  • #149,422
  • Jul 22, 2009 11:54am Jul 22, 2009 11:54am
Quoting Proness
So short is the way to go?

H1 high is somewhere around the 649x area. Nevertheless, the M15, M30 & H1 charts are telling me to go long. Really conphused!

Not really, counter trend and high risk but Chop rules do support a pull back.

We shall see!!


Selling, come on baby

EJ dumping hard to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,423
  • Jul 22, 2009 11:55am Jul 22, 2009 11:55am
Quoting skerdi-meta
what country do you live in man? 6k in bills/month? that's quite a lot.
And how come you dont get any disable benefits?
USA...Self employed all my life...4 kids 3 in collage....and LONG story.
Ghost Rider - WWTBMD?
  • #149,424
  • Jul 22, 2009 11:55am Jul 22, 2009 11:55am
Im thinking this baby should fall now to 1.6450 and possibly 1.6400. But I'm not taking any trades as I already have one open on another pair, one they call "The Beast"....I'm trying to tame it, but usually get bit.
On a journey to consistency.
  • #149,425
  • Jul 22, 2009 11:55am Jul 22, 2009 11:55am
At this point we may have a false breakout and price will turn.... at least in Asia... or Asia might suport this and the ones shorting will lose money....

Bets anyone?
  • #149,426
  • Jul 22, 2009 11:55am Jul 22, 2009 11:55am
Quoting albchr
Appreciate that man. I too am concerned but...a 5k account, 6k in bills per month, makes good MM a bit tough...LOL

I don't trade this way because I "want" to.

No time for compounding...(yet)..hehe
albchr you have been making 6k/m out of 5k for how many months now? O_O
  • #149,427
  • Jul 22, 2009 11:56am Jul 22, 2009 11:56am
Quoting albchr
Appreciate that man. I too am concerned but...a 5k account, 6k in bills per month, makes good MM a bit tough...LOL

I don't trade this way because I "want" to.

No time for compounding...(yet)..hehe

Can't you go Bankrupt then Claim disability and reduce the amount you've got to make each month and take the pressure of ??

Or something ??

Sounds abit stressful, similar boat but only need $1500 per month, but MUCH smaller account so works out even ish I guess.

NICE SELLING
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,428
  • Jul 22, 2009 11:58am Jul 22, 2009 11:58am
Trend is still up, monitoring PA and nearer 23SMMA If support is seen odds are it'll bounce higher again.


Shorts are counter trend, BE CAREFUL.


Tis going up again, hmmmm
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,429
  • Jul 22, 2009 11:59am Jul 22, 2009 11:59am
Quoting billye
albchr you have been making 6k/m out of 5k for how many months now? O_O
Last month was my first live month and made it. This month just a little shy but should get there. Next month?...
Ghost Rider - WWTBMD?
  • #149,430
  • Jul 22, 2009 12:02pm Jul 22, 2009 12:02pm
Well she closed good above 6460. Thinking long now.....
Ghost Rider - WWTBMD?
  • #149,431
  • Jul 22, 2009 12:02pm Jul 22, 2009 12:02pm
i wonder what will happed when Asia come
  • #149,432
  • Jul 22, 2009 12:03pm Jul 22, 2009 12:03pm
Quoting albchr
Last month was my first live month and made it. This month just a little shy but should get there. Next month?...
Wow!!! so you're getting a 120% return monthly and planning on keeping at it. That must be somewhat stressful, but your supporting your family is probably a great motivation as well. I hope everything goes well for you man.
On a journey to consistency.
  • #149,433
  • Jul 22, 2009 12:04pm Jul 22, 2009 12:04pm
Quoting albchr
Well she closed good above 6460. Thinking long now.....

Dunno mate, it's weak it's not the right time for a big up move and Euro just turned down and GU's trying to turn down here and is!!


Forget those H1 / H4 rules they just don't work other than getting lucky occasionally!!

PROFITS here
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,434
  • Jul 22, 2009 12:06pm Jul 22, 2009 12:06pm
If trying to define the next move with a human logical sense is 'down'. Why? The big boys are always trying to use the least resistant path for their trade. The 1.6490 area and above have tons of resistances/sellers parking I guess.
But I will be careful .. just get a small bite and run ..
  • #149,435
  • Jul 22, 2009 12:06pm Jul 22, 2009 12:06pm
Quoting albchr
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...
Not taking anything away from brother. You earned it because you are forced to trade out of your comfort zone.
It's not that I can afford to lose money, but not everyone is well equipped phsycologically for this business to begin with. It takes a lot and I do mean A LOT of dedication to be profitable on a consistent basis. That is no lie.
Peace brother, I mean no disrespect
Thank You
  • #149,436
  • Jul 22, 2009 12:09pm Jul 22, 2009 12:09pm
Quoting Turveyd
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
lol I hope not bro. Depends on one's level of tolerance methinks.
And I do agree with you completely, demo trading or micro account cannot mentally prepare you for the bigger & more serious trades.
Thank You
  • #149,437
  • Jul 22, 2009 12:09pm Jul 22, 2009 12:09pm
WB , what do u see now ?
  • #149,438
  • Jul 22, 2009 12:10pm Jul 22, 2009 12:10pm
I think she is going down from 1.6480. tp 1.6350 before she returns to 1.6400. What do you think Wormboy/Alcbhr
  • #149,439
  • Jul 22, 2009 12:10pm Jul 22, 2009 12:10pm
Quoting wormboy
It's not that I can afford to lose money, but not everyone is well equipped phsycologically for this business to begin with. It takes a lot and I do mean A LOT of dedication to be profitable on a consistent basis. That is no lie.
  • #149,440
  • Jul 22, 2009 12:12pm Jul 22, 2009 12:12pm
.5 lot long at 6467....BE+1 ...we'll see...LOL

Just wanted to round off the account. I hate odd numbers...LOL

EDIT: Thinking about trailing this one.....hmmmm
Ghost Rider - WWTBMD?
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