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Cable Update (GBPUSD)

  • #151,801
  • Jul 28, 2009 4:49am Jul 28, 2009 4:49am
Quoting negro wolf

what about gbp news ?

what about it?
Thank You
  • #151,802
  • Jul 28, 2009 4:49am Jul 28, 2009 4:49am
Quoting negro wolf

what about gbp news ?

Seriously, no one cares about CBI.
  • #151,803
  • Jul 28, 2009 4:49am Jul 28, 2009 4:49am
Quoting slykyn
good morning all. looking very bullish but actual price is at strong resistance.

play at your own risk :-)
closed arround 6415, profit ca. 80 points, 5% daily gain :-)
+just taking care about upcoming news :-)

sly
  • #151,804
  • Jul 28, 2009 4:50am Jul 28, 2009 4:50am
Quoting albchr
Yep, I'm just looking for another shot to short off 6550 area again. Too much risk (for my trading) to enter where she's hanging right now....LOL
Good idea chris... but 6550 area pretty ambitious to wait.. however.. i just close my short and better wait until the upcoming news.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #151,805
  • Jul 28, 2009 4:53am Jul 28, 2009 4:53am
Quoting negro wolf
u mean u dont care the news/?
IMHO, The only thing news does is widen my spreads and make it spike around for 20 or 30 seconds. Then it's right back to dribble mode...LOL

If I'm a trade, I protect it. If not, I wait for the dust to settle.
Ghost Rider - WWTBMD?
  • #151,806
  • Jul 28, 2009 4:55am Jul 28, 2009 4:55am
Quoting albchr
IMHO, The only thing news does is widen my spreads and make it spike around for 20 or 30 seconds. Then it's right back to dribble mode...LOL

then what kind of news can make u loose ?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #151,807
  • Jul 28, 2009 4:56am Jul 28, 2009 4:56am
Quoting negro wolf
then what kind of news can make u loose ?
Any kind if you're NOT protected against the whipsaw...LOL
Ghost Rider - WWTBMD?
  • #151,808
  • Jul 28, 2009 4:56am Jul 28, 2009 4:56am
Quoting albchr
... I minimize my risk by entering right at S/R levels. Because I have to place such large lot orders, as soon as I'm 5 or 6 pips in profit I get to BE. Until then, I have my finger on the trigger ready to kill it if goes a few against me beyond that S/R. So I get stopped out a LOT at BE or + a few but the one that runs pays me well.

This is why I always say the game I have to play is dangerous! I don't even like to post about it because God forbid some new trader sees it and thinks it's "a good way to trade". It's NOT! Pure and simple.
I had to start trading just like you after I lost a large chunk of my account. The attached trigger-happy QuickTrailingEA should make the necessity of permanently keeping your hands on the trigger less.

Not so Important: Specify your initial TP/SL e.g 50/80
Important: Specify your First TP (e.g 10 Pips) - EA will authomatically close @ +10pips if trade reverses against you.
Important: Specify % of Lots to close with 1st TP (e.g 50) - EA will close only 1 lot out of 2lots probably opened. Can set is to 100% to close all.
Important: Set you desire trailing
Very Important: Specify No of Pips b4 Breakeven (e.g. 7 pips) and No of pips to lock with BE (e.g +1pip)

Attach to a chart. Once you open a trade manually, the EA will do the rest - usually faster than you finger and less requote b'cos of slippage allowance.
Attached File(s)
File Type: ex4 Quik_Trailing.ex4   13 KB | 265 downloads
In all your ways acknowledge Him and He will direct your path.
  • #151,809
  • Jul 28, 2009 4:57am Jul 28, 2009 4:57am
Quoting albchr
Any kind if you're NOT protected against the whipsaw...LOL


u made me mad >> i wont enter the trade and watch
to understand
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #151,810
  • Jul 28, 2009 4:59am Jul 28, 2009 4:59am
Did you notice the Dow Chris

Quoting albchr
Hey buddy, how about that DOW huh?......lol

I know the day ain't over but that 9100 seems to be holding.
Attached Image (click to enlarge)
Click to Enlarge Name: 90) dow d1 28 th july 09 here weekly.gif Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #151,811
  • Jul 28, 2009 5:04am Jul 28, 2009 5:04am
Wow, nothing happened, what a surprise!
  • #151,812
  • Jul 28, 2009 5:04am Jul 28, 2009 5:04am
Quoting OmegaFire
I had to start trading just like you after I lost a large chunk of my account. The attached trigger-happy QuickTrailingEA should make the necessity of permanently keeping your hands on the trigger less.
Thanks but no. I don't use EA's. I prefer to control my own trading. If I'm in a trade and I have to leave my computer, there's only one I use and it's a great one.

http://www.forexfactory.com/showpost...ostcount=32485
Ghost Rider - WWTBMD?
  • #151,813
  • Jul 28, 2009 5:04am Jul 28, 2009 5:04am
Quoting Bones
Did you notice the Dow Chris
did not notice this.

very good

But have you had a look at the TNX?:

http://stockcharts.com/h-sc/ui?s=$TNX

A clear bull candle on the tnx would be nice, to destroy this 2 dojis
  • #151,814
  • Jul 28, 2009 5:04am Jul 28, 2009 5:04am
Quoting albchr
I know you are buddy and as I said yesterday, I honestly do appreciate it. And again, I do not disagree with buying the dips. I do that too. But If I waited to ONLY do that, especially with the snails pace PA of the last 2 weeks. I would have missed out on the $450 I just banked this morning by going short off the 6550 area which in my book, is very strong resistance....
To each his own, bro. As long as you're confident and happy with what you do,
more power to you!
Hear the music before the song is over ...
  • #151,815
  • Jul 28, 2009 5:05am Jul 28, 2009 5:05am
Quoting KillPhil08
Wow, nothing happened, what a surprise!
....Yeah, what a surprise...
Ghost Rider - WWTBMD?
  • #151,816
  • Jul 28, 2009 5:06am Jul 28, 2009 5:06am
CBI Realized Sales negative
deep down
ROBOT FOREX
  • #151,817
  • Jul 28, 2009 5:08am Jul 28, 2009 5:08am
Quoting Bones
Did you notice the Dow Chris

Yep...LOL...let's see what the day's end brings....

Cable doesn't seem to care ATM though huh? LOL

Still sitting at 9108 and as you know, my S/R is 9100 so it means nothing to me.
Ghost Rider - WWTBMD?
  • #151,818
  • Jul 28, 2009 5:09am Jul 28, 2009 5:09am
6500....cmon....
or its up trying to 6550 (again)
- Always pray on your trading - God know the best for everyone
  • #151,819
  • Jul 28, 2009 5:10am Jul 28, 2009 5:10am
Supposed buyers of EU at 14260-70.
  • #151,820
  • Jul 28, 2009 5:10am Jul 28, 2009 5:10am
Quoting kingindian
6500....cmon....
or its up trying to 6550 (again)
forget it
as I say level 6440 is coming our way right now
ROBOT FOREX
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