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Cable Update (GBPUSD)

  • #154,041
  • Aug 2, 2009 6:17am Aug 2, 2009 6:17am
Quoting albchr
I know I will buddy. If I had any doubts I wouldn't be getting ready for the week....

And might I add, EXCELLENT call on your part Friday bro!!!......

You really need to go live buddy. You'd be making a killing from what I've seen over the past few months.
thank u chris...
the trick is follow the largest picture..it always plays out..and try your best to refine your entery with smallest safest stop and always hold for more than u risk...

im nearly ready i think..

the cable trade was simply lucky could have easily gone down as well...the short are very justifable IMHO
  • #154,042
  • Aug 2, 2009 6:18am Aug 2, 2009 6:18am
Quoting ams
Cable's comparison is of pound to dollar who is in much bigger mess then UK. So we are compairing losers to losers. We have to find a better looser to short him, lol :-) funny this is.

Ta
Ah yes, much like voting here in the states. Always trying to pick the lessor of two evils...
Ghost Rider - WWTBMD?
  • #154,043
  • Aug 2, 2009 6:18am Aug 2, 2009 6:18am
Quoting albchr
Wormie gave me second voucher. When he did he said I have a "good feel" for the market. Often, it comes down to just that for me. My "instinct" said get the hell out...LOL (I wish it had said GO LONG idiot!!)...LOL

I didn't get much, but it was green....

Sorry for your stop bro but I agree. Fresh start tonight...
Way to go Chris - look on the bright side if u hadn't had a stop you could/would have been wiped out.
  • #154,044
  • Aug 2, 2009 6:22am Aug 2, 2009 6:22am
Quoting ams
Cheers Nav!

That's what I am looking forward for, all experienced guys on one side to see one thing in common. we are bang on target then.

Not sure I would like to say this being a brit myself, But I see UK in a mess atm due to all outsourcing crap etc.
Think of Japan, what they were and what are....
That is the problem isnt it...which is the bigger loser
dollar being the reverse currency of the world make it complicated me thinks
  • #154,045
  • Aug 2, 2009 6:33am Aug 2, 2009 6:33am
Quoting stewrigh
Way to go Chris - look on the bright side if u hadn't had a stop you could/would have been wiped out.
Thanks Stew and yes, My SL was at an acceptable loss for me and thank the market it didn't get hit before I could pull a little profit out.

Your repeated words over the last several weeks have been echoing in my head all weekend. bro.........

Up trend, buy the dips. Clear PA, sell the rallies but keep the "expectations" out of it...LOL
Ghost Rider - WWTBMD?
  • #154,046
  • Aug 2, 2009 6:45am Aug 2, 2009 6:45am
We need to see carefully as double top is established. It also can go to 6300

level. But lets see what happens on monday

I guess it will go bearish might be.

THanks
  • #154,047
  • Aug 2, 2009 7:02am Aug 2, 2009 7:02am
Quoting albchr
Thanks Stew and yes, My SL was at an acceptable loss for me and thank the market it didn't get hit before I could pull a little profit out.

Your repeated words over the last several weeks have been echoing in my head all weekend. bro.........

Up trend, buy the dips. Clear PA, sell the rallies but keep the "expectations" out of it...LOL

Glad my words struck a chord but I should stress that I didn't 'know' what the market was gonna do - IMHO I just got lucky..

And I had an 'expectation' cable would continue up because the trend was up.

I have a very simple trading style - If price is going up I'll buy the dips if its goind down I sell the peaks.

I know its a cliche but the trend really is your friend. - GL.

Just found this on FF - you might like to read

http://www.forexfactory.com/showpost...9&postcount=32
  • #154,048
  • Aug 2, 2009 7:35am Aug 2, 2009 7:35am
Quoting stewrigh
Just found this on FF - you might like to read

http://www.forexfactory.com/showpost...9&postcount=32
I'm sure it's a very good post but I had to stop at the first sentence. Trading for a living for me is NOT a choice, it's a necessity and as such, I can't allow myself to think that way. It's hard enough fighting off the reality that what I'm attempting to do goes against all history, common sense and safe trading practices.

What I do know is that what a man believes in, can be achieved. When I started my construction business at 16 years old with a wife and a new baby, I had nothing. No money, no car, no place to live, not a hammer, tape or pencil. We put our son with her mom for a couple of summer months while we slept in the back of a Ford station wagon parked on a friends property. I hand drew signs and business cards and hung them in supermarkets, Laundromats, anywhere folks would let me.

EVERYONE, my family and friends, her family and friends screamed at me to "just get a job" and quit being stupid. I KNEW a "JOB" (Just Over Broke) wasn't going to cut it. 30 years, 4 kids, 1 though collage and 2 in now and 2 homes later, I wonder who was right. It was tough then, and now faced with loosing it all, it's tough again. But I never let "tough" stop me before and I'm not about to start.

I faced seemingly impossible odds then as I do now. I beat them many times before and I will again...

Gaging yourself by what others think is, to me, not allowing yourself to realize your "own" full potential in life.
Ghost Rider - WWTBMD?
  • #154,049
  • Aug 2, 2009 7:44am Aug 2, 2009 7:44am
Quoting albchr
I'm sure it's a very good post but I had to stop at the first sentence. Trading for a living for me is NOT a choice, it's a necessity and as such, I can't allow myself to think that way. It's hard enough fighting off the reality that what I'm attempting to do goes against all history, common sense and safe trading practices.

What I do know is that what a man believes in, can be achieved. When I started my construction business at 16 years old with a wife and a new baby, I had nothing. No money, no car, no place to live not a hammer, tape or pencil....
your a fighter and belief is there..necessary requirement for success....along with hard work and dedication..just gain more than u risk bro on every trade from now on..u will be fine..

  • #154,050
  • Aug 2, 2009 7:48am Aug 2, 2009 7:48am
Quoting nAVIN2007
your a fighter and belief is there..necessary requirement for success....along with hard work and dedication..just gain more than u risk bro on every trade from now on..u will be fine..


That's the way I see it too Nav....
Ghost Rider - WWTBMD?
  • #154,051
  • Aug 2, 2009 8:41am Aug 2, 2009 8:41am
Quoting albchr
I'm sure it's a very good post but I had to stop at the first sentence. Trading for a living for me is NOT a choice, it's a necessity and as such, I can't allow myself to think that way. It's hard enough fighting off the reality that what I'm attempting to do goes against all history, common sense and safe trading practices.

What I do know is that what a man believes in, can be achieved. When I started my construction business at 16 years old with a wife and a new baby, I had nothing. No money, no car, no place to live, not a hammer, tape or pencil....

Thats good - as long as you recognise the challenge and are prepared.

But I was referring more to the bit about ppl who post on forums like this lol...
  • #154,052
  • Aug 2, 2009 9:24am Aug 2, 2009 9:24am
Quoting stewrigh
Thats good - as long as you recognise the challenge and are prepared.

But I was referring more to the bit about ppl who post on forums like this lol...
Recognize yes, the preparation continues....
Ghost Rider - WWTBMD?
  • #154,053
  • Aug 2, 2009 9:32am Aug 2, 2009 9:32am
Quoting albchr
Recognize yes, the preparation continues....
i love it.....recognise
  • #154,054
  • Aug 2, 2009 10:21am Aug 2, 2009 10:21am
Can we expect a fall in GBP / USD this week?
Thanks for your help.
  • #154,055
  • Aug 2, 2009 10:22am Aug 2, 2009 10:22am
Quoting albchr
I'm sure it's a very good post but I had to stop at the first sentence. Trading for a living for me is NOT a choice, it's a necessity and as such, I can't allow myself to think that way. It's hard enough fighting off the reality that what I'm attempting to do goes against all history, common sense and safe trading practices.

What I do know is that what a man believes in, can be achieved. When I started my construction business at 16 years old with a wife and a new baby, I had nothing. No money, no car, no place to live, not a hammer, tape or pencil....
I have the highest respect for you my friend....you are a true achiever and a tenacious one at that...fight on!
Hear the music before the song is over ...
  • #154,056
  • Aug 2, 2009 10:35am Aug 2, 2009 10:35am
Quoting matjaz1982
Can we expect a fall in GBP / USD this week?
Thanks for your help.
from openening Monday for sure
ROBOT FOREX
  • #154,057
  • Aug 2, 2009 10:38am Aug 2, 2009 10:38am
Quoting albchr
LOL, I never left buddy. Just had to go back in my cave and lick some wounds is all...

Last month hurt bad but pain is often the best teacher. We don't learn much when things are running along smoothly. But hit that brick wall and BAM!! We have time to stop and THINK...LOL

Lord knows I am...

The highest is 6742 in this 56 day range.

Oh yeah, a lot of guys got whacked on Friday. I was not really sure to go for GU or GY. The quietness in GU made me going for GY.
Thanks god.
Surely I would have taken a cup since I had some bearish bias on GU, but GY was relative quite.
There are three kind of lies: lies, damned lies and statistics.
  • #154,058
  • Aug 2, 2009 10:51am Aug 2, 2009 10:51am
Quoting Seismograph
Oh yeah, a lot of guys got whacked on Friday. I was not really sure to go for GU or GY. The quietness in GU made me going for GY.
Thanks god.
Surely I would have taken a cup since I had some bearish bias on GU, but GY was relative quite.

LOL....I didn't get whacked on Friday but I sure didn't catch the North Bound Express either....
Ghost Rider - WWTBMD?
  • #154,059
  • Aug 2, 2009 10:59am Aug 2, 2009 10:59am
Quoting Forbes55
from openening Monday for sure
i remember you said such this quote on .6640 IMHO, you may predict sell this bitch on .7500 too but i hope to see falling down cable cos i've still some short position from .6650

anyway, thanks for your kindly help..
  • #154,060
  • Aug 2, 2009 11:08am Aug 2, 2009 11:08am
Quoting albchr
LOL....I didn't get whacked on Friday but I sure didn't catch the North Bound Express either....
Right, but many other guys got most properly severely hit (well, depend on their SL).
There are three kind of lies: lies, damned lies and statistics.
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