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Cable Update (GBPUSD)

  • #150,721
  • Jul 24, 2009 11:25am Jul 24, 2009 11:25am
Quoting direct-trade
Yes, July and August are the least preforming months using this system, but like you say, even with a bad "33%" month you still end in profit.

Glad to see others trading this way.

Good idea with the EA, I personally dont use them as I like to watch and enter manually...just in case.

Happy trades and a good weekend to ya.
Can I have ur EA Bro....How is it???
  • #150,722
  • Jul 24, 2009 11:27am Jul 24, 2009 11:27am
Quoting gebuzor
Hi all,
I'm still short, is that a wise thing to do?
yes. just make sure you've locked your gains.
Thank You
  • #150,723
  • Jul 24, 2009 11:37am Jul 24, 2009 11:37am
I was going to try and tick my way to couple more bucks but it looks like we might be dead for the week. I'll keep watching for a bit.
Ghost Rider - WWTBMD?
  • #150,724
  • Jul 24, 2009 11:43am Jul 24, 2009 11:43am
Thank for the tip, the challenge is that I'm in the negative about 30pips, my tp is 1.6390, do you think it will get there?
  • #150,725
  • Jul 24, 2009 11:52am Jul 24, 2009 11:52am
Quoting gebuzor
Thank for the tip, the challenge is that I'm in the negative about 30pips, my tp is 1.6390, do you think it will get there?

Soooo...you entered short around 6400?
Ghost Rider - WWTBMD?
  • #150,726
  • Jul 24, 2009 11:52am Jul 24, 2009 11:52am
Quoting albchr
I was going to try and tick my way to couple more bucks but it looks like we might be dead for the week. I'll keep watching for a bit.
Hi Al, you don't say much today ? Don't died yet Al, you're my master, hope you live longer (Kidding Al).
  • #150,727
  • Jul 24, 2009 11:54am Jul 24, 2009 11:54am
Quoting gebuzor
Thank for the tip, the challenge is that I'm in the negative about 30pips, my tp is 1.6390, do you think it will get there?
woops, you didn't mention that little detail earlier lol. thought you're holding from a higher position. I'm not so sure about reaching 6380 level today tbh.
If you can't handle the large drawdown, just cut your loss. If you can, just wait till the current h4 close & decide. Entirely up to you.
Thank You
  • #150,728
  • Jul 24, 2009 11:55am Jul 24, 2009 11:55am
Quoting freeasabird
Hi Al, you don't say much today ? Don't died yet Al, you're my master, hope you live longer (Kidding Al).
Yea I've decided that dividing my attention "too" much between the thread and trading isn't very good for my account. Especially on days like this week...LOL

I'm no master buddy, just a newbie and I'm still learning too. I have to concentrate more on what I'm doing.
Ghost Rider - WWTBMD?
  • #150,729
  • Jul 24, 2009 11:57am Jul 24, 2009 11:57am
Quoting wormboy
woops, you didn't mention that little detail earlier lol. thought you're holding from a higher position. I'm not so sure about reaching 6380 level today tbh.
If you can't handle the large drawdown, just cut your loss. If you can, just wait till the current h4 close & decide. Entirely up to you.
...that's what I was going to say...LOL
Ghost Rider - WWTBMD?
  • #150,730
  • Jul 24, 2009 11:58am Jul 24, 2009 11:58am
The way I saw Daily should close below 61.8% and touch my LTL (yellow line) ~ 1.6350 (50%) BEFORE 1.65/6550 UTL test....Any input..break this LTL continue to south next week...Good luck all and happy weekend

P/S : I will look how Monday Close before start my trade in this GU..not convinve me for trading atm..unless scalping with M15 max 20-30pips...
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  • #150,731
  • Jul 24, 2009 12:02pm Jul 24, 2009 12:02pm
Quoting gebuzor
Thank for the tip, the challenge is that I'm in the negative about 30pips, my tp is 1.6390, do you think it will get there?
Very sorry bro.. but you have to know, there is no certainty in this kind of business. Esp. this is end of the week, there is no such 100 percent clear direction.. Set your sl, and believe me you have to prepare your loss..

Just for your info, i'm shorting from 1.6451.. set my sl to BE.. and its almost closing.. pretty dangerous.. beware of spike before NY close..
  • #150,732
  • Jul 24, 2009 12:02pm Jul 24, 2009 12:02pm
Quoting albchr
Soooo...you entered short around 6400?
yeah Al, that bad huh!, still getting the hang of it.
  • #150,733
  • Jul 24, 2009 12:04pm Jul 24, 2009 12:04pm
Quoting grashid
The way I saw Daily should close below 61.8% and touch my LTL (yellow line) ~ 1.6350 (50%) BEFORE 1.65/6550 UTL test....Any input..break this LTL continue to south next week...Good luck all and happy weekend

P/S : I will look how Monday Close before start my trade in this GU..not convinve me for trading atm..unless scalping with M15 max 20-30pips...
Its strange my chart is almost exactly the same with yours... all the lines and stuff.. LOL..
  • #150,734
  • Jul 24, 2009 12:06pm Jul 24, 2009 12:06pm
Quoting gebuzor
yeah Al, that bad huh!, still getting the hang of it.
BTW i dont understand, how come u short in the middle of nowhere like that?? How u come up with such number??
  • #150,735
  • Jul 24, 2009 12:09pm Jul 24, 2009 12:09pm
Quoting gebuzor
yeah Al, that bad huh!, still getting the hang of it.
While anything can happen in this business, as WB said, I think the chances of getting to BE for you are slim. But watch it to the last minute before close. You never know, you may be able to set your SL tighter or take less of a loss.

Also like WB said, if you're at a point where you can't take loosing anymore, Kill the trade. This business is ALL about cutting your losses fast so you can live to trade another day...

Watching it slowly get worse, hoping it will come back is a sure fire way to kill accounts. Been there, done that.

Best of luck to you!!
Ghost Rider - WWTBMD?
  • #150,736
  • Jul 24, 2009 12:09pm Jul 24, 2009 12:09pm
Quoting mloistianto
Its strange my chart is almost exactly the same with yours... all the lines and stuff.. LOL..
am looking over your shoulder..jeng jeng..becarefulll....dont turn around..u may not like what u r going to see.....
as i know what u did last summer...
  • #150,737
  • Jul 24, 2009 12:11pm Jul 24, 2009 12:11pm
Quoting albchr
While anything can happen in this business, as WB said, I think the chances of getting to BE for you are slim. But watch it to the last minute before close. You never know, you may be able to set your SL tighter or take less of a loss.

Also like WB said, if you're at a point where you can't take loosing anymore, Kill the trade. This business is ALL about cutting your losses fast so you can live to trade another day...

[color="Red"]Watching it slowly get worse, hoping it will come back is a sure fire way to kill accounts. Been...
been there...and still done that too..
K.I.S.S -> Keep It Super Simple...
  • #150,738
  • Jul 24, 2009 12:11pm Jul 24, 2009 12:11pm
Quoting albchr
...that's what I was going to say...LOL


how did the fibre trade go btw?
Thank You
  • #150,739
  • Jul 24, 2009 12:12pm Jul 24, 2009 12:12pm
Quoting gebuzor
Hi all,
I'm still short, is that a wise thing to do?
Cut your losses now and wait for a better entry. Look like we are on our way up to 6500
In all your ways acknowledge Him and He will direct your path.
  • #150,740
  • Jul 24, 2009 12:14pm Jul 24, 2009 12:14pm
Quoting grashid
am looking over your shoulder..jeng jeng..becarefulll....dont turn around..u may not like what u r going to see.....
as i know what u did last summer...
Then i will prepare my knife... i can see uuuu... from my monitor... i am holding a knife in my hand.. watch out.. i will send u to "rumah sakit korban lelaki".. LOL... ups.. I mean just "rumah sakit"..
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