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Cable Update (GBPUSD)

  • #161,061
  • Aug 26, 2009 11:37am Aug 26, 2009 11:37am
Quoting TauTrader
Will follow with tight stop.
Yeah you better keep a tight one on that. She's loosing steam quickly now it seems.
Ghost Rider - WWTBMD?
  • #161,062
  • Aug 26, 2009 12:11pm Aug 26, 2009 12:11pm
Weeeee...... 1.6159..... nice roller coaster ride, been fun, i want another ticket plz!!!
20 pips from the point i said yesterday, ain't that bad.

I did sold at 1.6292 so I have a nice wake up!

Well well, good trading all!
  • #161,063
  • Aug 26, 2009 12:14pm Aug 26, 2009 12:14pm
Just took a small short at 6232. Not real sure about it in this no action time so I'm at BE already...LOL....
Ghost Rider - WWTBMD?
  • #161,064
  • Aug 26, 2009 12:18pm Aug 26, 2009 12:18pm
Quoting albchr
Just took a small short at 6232. Not real sure about it in this no action time so I'm at BE already...LOL....
You are in the money now and it could be a nice one !

You are trading with the trend so that has to be good
  • #161,065
  • Aug 26, 2009 12:21pm Aug 26, 2009 12:21pm
anyone who doubts trends should call up the 1 hour chart on euro/gbp

It's as straight as Arnold
  • #161,066
  • Aug 26, 2009 12:26pm Aug 26, 2009 12:26pm
Quoting albchr
Just took a small short at 6232. Not real sure about it in this no action time so I'm at BE already...LOL....
Booked 1/3 at +12 and SL at +2. A small trade but can't loose now...
Ghost Rider - WWTBMD?
  • #161,067
  • Aug 26, 2009 12:40pm Aug 26, 2009 12:40pm
Quoting albchr
Booked 1/3 at +12 and SL at +2. A small trade but can't loose now...

SL hit...lol
Ghost Rider - WWTBMD?
  • #161,068
  • Aug 26, 2009 12:43pm Aug 26, 2009 12:43pm
Quoting allserene
anyone who doubts trends should call up the 1 hour chart on euro/gbp

It's as straight as Arnold
True but look at the daily. Still in a range of about 400 pips....
Ghost Rider - WWTBMD?
  • #161,069
  • Aug 26, 2009 12:53pm Aug 26, 2009 12:53pm
Quoting allserene
anyone who doubts trends should call up the 1 hour chart on euro/gbp

It's as straight as Arnold


At a strong resistance tho now. Let's see if the wheels comes off or she flies to 0.9
Thank You
  • #161,070
  • Aug 26, 2009 12:57pm Aug 26, 2009 12:57pm
Quoting malcolmb14
daily ... 2 dojis .. then a spinning top doji trying to push up p[ast 1.6600 .. no making it so far , got an upthrust on 3 hour that got hammered with sellers.

I still remain bear on this one as long as daily remains under 1.6800. Target 1.4000 ... December this year

btw I am mostly a day trader FYI. Today hit GJ lovely 160 , then 159.20 , then 158.80 , all 10 lot trades.
This was posted by malcolmb in Aug 13. We are Aug 26 and seems up to now going in this direction..

From my self, malcolmb gave the proof that he is one of the kings here.
Congratulation (i hope that those who wished to you to blow your account and sell your housen has put already SL to not loose much money)
If you resist at heart attack, you will be rich from trading.
  • #161,071
  • Aug 26, 2009 1:00pm Aug 26, 2009 1:00pm
Quoting Ilovefx
This was posted by malcolmb in Aug 13. We are Aug 26 and seems up to now going in this direction..

From my self, malcolmb gave the proof that he is one of the kings here.
Congratulation (i hope that those who wished to you to blow your account and sell your housen has put already SL to not loose much money)
No doubt about it. Malcolmb is one of the best and he's been calling this for over a month now just like WB. The man knows his stuff for sure...
Ghost Rider - WWTBMD?
  • #161,072
  • Aug 26, 2009 1:14pm Aug 26, 2009 1:14pm
1.5700-1.5250-1.4850

This week = bye2 1.66
Next Week = Bye2 1.65
Next other week = Bye2 1.64

End September = Bye2 1.60 ....
  • #161,073
  • Aug 26, 2009 1:19pm Aug 26, 2009 1:19pm
Wish to all very good trading. From my self, from today i stop trading in forex. We need a minimum of chance in trading. More than 80%, after choosing the best entry point (Fib, Pivot point and its S/R, S/R line, Different time frame, Ichimoku, waiting best of pullback..etc etc etc etc etc etc), the market moves against me, go to my SL and after come back to fixed target. If i win some pips because we are very close to S/R level and decide to get out, market continue fastly to same direction. If i decide to stay, market reverse. Very few time when i enter, market goes to me. In this life, there is things for some people where others have no chance in and vice versa. I'm trying to find an other way outside forex. Up to now shares give good results. I'll see.

Good trading.
If you resist at heart attack, you will be rich from trading.
  • #161,074
  • Aug 26, 2009 1:30pm Aug 26, 2009 1:30pm
Quoting Ilovefx
Wish to all very good trading. From my self, from today i stop trading in forex. We need a minimum of chance in trading. More than 80%, after choosing the best entry point (Fib, Pivot point and its S/R, S/R line, Different time frame, Ichimoku, waiting best of pullback..etc etc etc etc etc etc), the market moves against me, go to my SL and after come back to fixed target. If i win some pips because we are very close to S/R level and decide to get out, market continue fastly to same direction. If i decide to stay, market reverse. Very few time when...
LOL. Good luck. This sounds like me and my trading! The market keeps doing the exact opposite of what you're thinking! I tell ya, I know the feeling.

Well, after a good month's hiatus I'm starting to trade again.
Good to see everyone still here and surviving. Chris, good to c you're still kicking and hopefully making your bill + some.

I had work committments for the last 4 weeks. Prior to that though, I had some really good trades wiped out, which left my very small spreadbet account - well unable to trade. So providence told me it was good to stop anyway.

Well on a tiny FX account, I've gained some good pips employing the Darma indicator with my other processes with promising results. So, we'll see. Trading just ain't easy.... but you know, after my break and my last 4 trades... it don't need to be complicated either.

Right now I'm looking to scalp. I'm short 1.6234, TP 1.6206, no SL as I'm monitoring it but mental SL at 1.6251

Good luck everyone!
A pip is only worth it if you know how much you risked to earn it
  • #161,075
  • Aug 26, 2009 1:35pm Aug 26, 2009 1:35pm
[quote=Ilovefx;2995236]Wish to all very good trading. From my self, from today i stop trading in forex. We need a minimum of chance in trading. More than 80%, after choosing the best entry point (Fib, Pivot point and its S/R, S/R line, Different time frame, Ichimoku, waiting best of pullback..etc etc etc etc etc etc), the market moves against me, go to my SL and after come back to fixed target. If i win some pips because we are very close to S/R level and decide to get out, market continue fastly to same direction. If i decide to stay, market reverse. Very few time when i enter, market goes to me. In this life, there is things for some people where others have no chance in and vice versa. I'm trying to find an other way outside forex. Up to now shares give good results. I'll see.

Good trading.[/quote

Probably you need a lil' break and some proper re-training.Asides that,forex is just of the numerous ways of making incme online and offline,but lessons learn t from trading FX could really help in order spheres of life.I wish you well in all your fututre endeavours!
  • #161,076
  • Aug 26, 2009 1:43pm Aug 26, 2009 1:43pm
Hi Vlady! I am not sure how much you feel is needed to trade with. As for myself I noticed whenever I start small, I build it up faster. Last time I turned £250 in £800 something in 2 weeks. Well I guess luck was on my side ;-)))) And when I used to trade 3k account I kept overtrading. Not sure what works for you, I tend to withdraw from my account as soon as I am 50% over my starting capital.
  • #161,077
  • Aug 26, 2009 2:08pm Aug 26, 2009 2:08pm
Quoting vlady1974
I had work committments for the last 4 weeks. Prior to that though, I had some really good trades wiped out, which left my very small spreadbet account - well unable to trade. So providence told me it was good to stop anyway.

Good luck everyone!

Hey there vlady!

Good to see you back! I hope your work commitments allow you to stop in more often now...
Ghost Rider - WWTBMD?
  • #161,078
  • Aug 26, 2009 2:30pm Aug 26, 2009 2:30pm
Quoting Ilovefx
Wish to all very good trading. From my self, from today i stop trading in forex. We need a minimum of chance in trading. More than 80%, after choosing the best entry point (Fib, Pivot point and its S/R, S/R line, Different time frame, Ichimoku, waiting best of pullback..etc etc etc etc etc etc), the market moves against me, go to my SL and after come back to fixed target. If i win some pips because we are very close to S/R level and decide to get out, market continue fastly to same direction. If i decide to stay, market reverse....
You should demo trading only breakouts and nothing else. Trading is far simpler than people make it out to be. However, yes, some people just aren't meant to trade. But if you want it badly, it doesn't matter how many years you have to grind, you simply will. Good luck in whatever your next mission is.

-Liz
There's always money in the banana stand.
  • #161,079
  • Aug 26, 2009 2:40pm Aug 26, 2009 2:40pm
Quoting LizardGizzard
You should demo trading only breakouts and nothing else. Trading is far simpler than people make it out to be. However, yes, some people just aren't meant to trade. But if you want it badly, it doesn't matter how many years you have to grind, you simply will. Good luck in whatever your next mission is.

-Liz
everyone have different experienses. To me, Learning FOREX is nothing. It is easy. When i started , i was loosing just like you when i realize that itis not the forex charts, Its me . I need to learn and learn to control myself So i decited to do something that will prove that i have control over me. So i decited to quite smoking which i was doing for 25 years. I said to myself if i succeed in doing that i will be succesful in forex. You know what it is over 6 months without smoking and i am doing great in forex now . LEARN YOURSELF
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #161,080
  • Aug 26, 2009 3:26pm Aug 26, 2009 3:26pm
i have had an eventfull evening i managed to dislocate my left shoulder..just been to A and E ..That nitrous oxide is good shit..
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