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Cable Update (GBPUSD)

  • #166,861
  • Sep 18, 2009 2:41am Sep 18, 2009 2:41am
Quoting GlobalMacro
Talk about restless, huh?.....lol

bro don't tell me you're turning bullish on me now having "checked" my sell stop
lol no, that's a significant point right there 6335, smack on the daily 61.8. I'm not taking my chances because it can bounce violently here, so I checked my stops, locked my gains to trail bro
All good, it's friday & it's payday
Thank You
  • #166,862
  • Sep 18, 2009 2:41am Sep 18, 2009 2:41am
Quoting Alpha Hamste
James...depending on your equity try microlots 0.01 if you are attempting on long term trading. If that is not your style, try closing your trade on smaller pips (TP 20 - 30 pips), and set your SL (that's the ultimate mantra). What matters is to increase your equity with every closed trade.

Good luck bro...sorry not trying to be a smart ass.
Yep, it was my plan and for 14 days it was working. Just 20-30 pips per day...nothing more. My acc was building, I was happy. But I tried to trade longer term. In fact I was 1m scalper and now I'm something between scalper and long term trader. My trades was 3rd times on BE, but I told myself...don't get it, you will hold like the others do...damn it.

I guess I will try to stick to my plan again, even if most of my acc will be deleted, if I'll close it now.

I know, I'm undercapitalized, but if I'll trade with microlots, I can't make any money, sorry..
-- There's no winner without lose --
  • #166,863
  • Sep 18, 2009 2:43am Sep 18, 2009 2:43am
Quoting wormboy
That's not possible. You tried long term trading, did you short? Or did you long?
Long...as I said, I'm not long time trader and I'm not scalper...something between and it looks like this fits me best.
-- There's no winner without lose --
  • #166,864
  • Sep 18, 2009 2:44am Sep 18, 2009 2:44am
Quoting GlobalMacro
lol...wassup bro...weekly ascending TL got broken....so I'm
now from here bro if u wanna short...
Should from 6450/60 ~ daily 38.2% last few hr in asian...
or shall we wait at 6350-6400 area?

Anyway i could be wrong...Good luck
  • #166,865
  • Sep 18, 2009 2:45am Sep 18, 2009 2:45am
Quoting wormboy
you'll get it back bro
azim u know this difference i see in u and me other than u have more experience.....u have a traders dream head, i never u go against your plan, always stick to it....im too damn spontaneous

I can be so convicted to a trade and 2 minutes latter something else pops in my head and mess it up....anyways from today im sticking to my plan

i will never change it once it is set..i might lose £22 on this mofo but that is worth the education fee

azim welldone bro...you really are an elite trader
  • #166,866
  • Sep 18, 2009 2:49am Sep 18, 2009 2:49am
Quoting grashid
now from here bro if u wanna short...
Should from 6450/60 ~ daily 38.2% last few hr in asian...
or shall we wait at 6350-6400 area?

Anyway i could be wrong...Good luck
6460 today....you gotta be kidding me, right?
and 6350 is just 30 pips above my level so I consider it pocket change.
thanks anyway bro
Hear the music before the song is over ...
  • #166,867
  • Sep 18, 2009 2:49am Sep 18, 2009 2:49am
Quoting nAVIN2007
azim u know this difference i see in u and me other than u have more experience.....u have a traders dream head, i never u go against your plan, always stick to it....im too damn spontaneous

I can be so convicted to a trade and 2 minutes latter something else pops in my head and mess it up....anyways from today im sticking to my plan

i will never change it once it is set..i might lose £22 on this mofo but that is worth the education fee

azim welldone bro...you really are an elite trader
Kembang Hidung (mm spread out his nose la)
  • #166,868
  • Sep 18, 2009 2:50am Sep 18, 2009 2:50am
Stay A Way From Long until We Clear See MA 50 1.6236 - Bands (9) 1.6195 Just for Today I Guess..
  • #166,869
  • Sep 18, 2009 2:51am Sep 18, 2009 2:51am
Guys don't mess with big boys. They are now strongly against sterling as it's seen on bloomberg. Maybe theye are manipulating but there are real economic concerns about health of UK economy. There are possible pullbacks but don't go against the flow. Rather wait for some positive news about UK which could change perceptions of big guys and go long. Otherwise I made some profits on short gu and call eg.
  • #166,870
  • Sep 18, 2009 2:53am Sep 18, 2009 2:53am
Quoting grashid
Kembang Hidung (mm spread out his nose la)
he has a good head for trading...very strong in his convictions
  • #166,871
  • Sep 18, 2009 2:54am Sep 18, 2009 2:54am
Quoting GlobalMacro
6460 today....you gotta be kidding me, right?
and 6350 is just 30 pips above my level so I consider it pocket change.
thanks anyway bro
There is not impossible she going back to 1.6440/50 befor going to 1.6220/10-1.6150 (even my LTL also broke and straight away to 1.6150?)

mm..am better just watch the PA atm ...Good Luck
  • #166,872
  • Sep 18, 2009 2:55am Sep 18, 2009 2:55am
Y/day's 1600pm gmt bearish thrust candle provided the b/o of the ascending 1hr channel that had developed off tuesday's 6400 area lows [nice play.] The downtrend on 1hr re-established with London session following the general asian/overnight lead, breaking downward through 61.8% of 6111-6740 rise.

The current 1hr chart in respect of potential supp/res/sbr/rbs factors is shown below and the current lows fall at a previous swing lo=prev supp=potential support zone on this t/f co-existant with same on 4hr t/f.

The decsending channel is still intact on this t/f with price currently @ 93% of the 20day average pip range, 60% of the average 52week range and still 47% of average 12month range.

Macd signal lines pointing down from 30min-weekly t/f.

G/L

http://i29.tinypic.com/23t37ky.gif
ex member
  • #166,873
  • Sep 18, 2009 2:58am Sep 18, 2009 2:58am
Quoting mijamoto
Guys don't mess with big boys. They are now strongly against sterling as it's seen on bloomberg. Maybe theye are manipulating but there are real economic concerns about health of UK economy. There are possible pullbacks but don't go against the flow. Rather wait for some positive news about UK which could change perceptions of big guys and go long. Otherwise I made some profits on short gu and call eg.
I think it's the big boys manipulating everything right now, particularly cable. This is one big stop hunt and nothing else, a conspiracy between the big boys and the central banks to hurt the retail traders! There is NO possible reason as to why this pair is falling!!!!!!!!

I went long on my micro account yesterday and have doubled the position on every 20 pip fall. I am now levered up 200 times on my capital, which isn't a problem at all, as my broker luckily allows 500 times leverage. Phew!!! Still got some breathing space to see me through this big boy stop hunt.

Happy Friday everyone!
  • #166,874
  • Sep 18, 2009 3:01am Sep 18, 2009 3:01am
Quoting JamesCZ
Long...as I said, I'm not long time trader and I'm not scalper...something between and it looks like this fits me best.
Welp then don't blame it on long term. You went long when overall trend was down. That was your mistake really.
Thank You
  • #166,875
  • Sep 18, 2009 3:01am Sep 18, 2009 3:01am
A Thrust candle b/o of a channel is a hi-probability opportunity, buy/sell the candle close with stop at other end...

G/L

http://i27.tinypic.com/33yjszb.gif
ex member
  • #166,876
  • Sep 18, 2009 3:03am Sep 18, 2009 3:03am
Quoting gammase1
I think it's the big boys manipulating everything right now, particularly cable. This is one big stop hunt and nothing else, a conspiracy between the big boys and the central banks to hurt the retail traders! There is NO possible reason as to why this pair is falling!!!!!!!!

I went long on my micro account yesterday and have doubled the position on every 20 pip fall. I am now levered up 200 times on my capital, which isn't a problem at all, as my broker luckily allows 500 times leverage. Phew!!! Still got some breathing space to see me through...


That killed off anyone's intention to come up with those excuse now. You're cruel paul

Happy friday to you to brother
Thank You
  • #166,877
  • Sep 18, 2009 3:05am Sep 18, 2009 3:05am
Quoting wormboy
Welp then don't blame it on long term. You went long when overall trend was down. That was your mistake really.
what do you mean overall trend was down bro...we had two consecutive weeks of rising prices with higher highs and higher lows...that's hardly considered down now is it?

The only reason for this collapse is O/N shock news that an insurance company failed stress test and is forced to abandon withdrawal from relief program...nobody knew this yesterday...lol
Hear the music before the song is over ...
  • #166,878
  • Sep 18, 2009 3:08am Sep 18, 2009 3:08am
Quoting nAVIN2007
azim u know this difference i see in u and me other than u have more experience.....u have a traders dream head, i never u go against your plan, always stick to it....im too damn spontaneous

I can be so convicted to a trade and 2 minutes latter something else pops in my head and mess it up....anyways from today im sticking to my plan

i will never change it once it is set..i might lose £22 on this mofo but that is worth the education fee

azim welldone bro...you really are an elite trader
Thanks for the kind word nav but don't overate me brother I have many flaws still in my trading. But we're all working on getting things right as I'm sure you are and will

By the way, thank god it's 22 quid bro, it could've been more expensive if it was "primetime" trading. Time to dust yourself off and work a new plan bro
Thank You
  • #166,879
  • Sep 18, 2009 3:09am Sep 18, 2009 3:09am
Quoting gammase1
I think it's the big boys manipulating everything right now, particularly cable. This is one big stop hunt and nothing else, a conspiracy between the big boys and the central banks to hurt the retail traders! There is NO possible reason as to why this pair is falling!!!!!!!!

I went long on my micro account yesterday and have doubled the position on every 20 pip fall. I am now levered up 200 times on my capital, which isn't a problem at all, as my broker luckily allows 500 times leverage. Phew!!! Still got some breathing space to see me through...
based on the monthly i did expect it to fall....i wasnt sure if it would revist the bottom either however this move down so quickly either means we are tanking or theres going to be a huge spike giving a rejection to this area...then we continue going up....

i entered these buys cause i figure selling this low is dangerous and the rejection may be massive...

my ass is hanging on to a thin thread
Attached Image (click to enlarge)
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  • #166,880
  • Sep 18, 2009 3:09am Sep 18, 2009 3:09am
Quoting grashid
Kembang Hidung (mm spread out his nose la)
Kembang pungkoq la aparaaa ( roughly translated, ass spreading )
thank god i'm not in jail

raya mana oi
Thank You
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