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Cable Update (GBPUSD)

  • #166,941
  • Sep 18, 2009 4:07am Sep 18, 2009 4:07am
Quoting wormboy
Don't mention it
Take it easy james, don't make rash decision. Be cool
Yeah, I know - stay cool. But how could I stay cool, if I made such a stupid mistake yesterday? Now the price is standing and my mind is gonna blow..shall I close it and accept a lose? Or wait a little?
-- There's no winner without lose --
  • #166,942
  • Sep 18, 2009 4:07am Sep 18, 2009 4:07am
Quoting wormboy
wtf? you laughing at me?
I would NEVER laugh at you buddy. Just still waiting for "our" ultimate target is all....

BB, going VERY well sir! Sold this bitch at 6419. Now long at 6300 but will probably close that soon. 6350 (technically 56) is a good S/R for me....
Ghost Rider - WWTBMD?
  • #166,943
  • Sep 18, 2009 4:08am Sep 18, 2009 4:08am
Quoting wormboy
wtf? you laughing at me?
We can all laugh when it gets there For now we laugh with you.

Dame Wormie, held onto my short all week, 1 whole trade in cable and 2 whole trades in dragon.

Where you taking dragon and cable tonight? Mine is 1.6220 and 148.00
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,944
  • Sep 18, 2009 4:09am Sep 18, 2009 4:09am
Quoting JamesCZ
Yeah, I know - stay cool. But how could I stay cool, if I made such a stupid mistake yesterday? Now the price is standing and my mind is gonna blow..shall I close it and accept a lose? Or wait a little?
Depends on your risk tolerance. I think you're the only one who can answer that question my friend.
Thank You
  • #166,945
  • Sep 18, 2009 4:10am Sep 18, 2009 4:10am
Quoting albchr
I would NEVER laugh at you buddy. Just still waiting for "our" ultimate target is all....
GOTCHA old man!!
Thank You
  • #166,946
  • Sep 18, 2009 4:12am Sep 18, 2009 4:12am
Quoting wormboy
GOTCHA old man!!
...young pup....
Ghost Rider - WWTBMD?
  • #166,947
  • Sep 18, 2009 4:14am Sep 18, 2009 4:14am
Quoting wormboy
To start with, he said he tried long term which failed. He went long on the 4th down day without any bullish confirmation from the higher timeframes.


Have a good one bro
Higher time frames?...these are all H4s ...show me real high time frame, where did you see in your words "overall downtrend" on weekly?

Thanks I will, you too bro..
Hear the music before the song is over ...
  • #166,948
  • Sep 18, 2009 4:15am Sep 18, 2009 4:15am
Quoting Bull_Bear
We can all laugh when it gets there For now we laugh with you.

Dame Wormie, held onto my short all week, 1 whole trade in cable and 2 whole trades in dragon.

Where you taking dragon and cable tonight? Mine is 1.6220 and 148.00
3 trades the whole week, Excellent trading bro!
I got 5, the 5th being the outsider trade (euro dollar). Damn I'm overtrading!
I have cable where I intended it @6335 level. Currently all gains are locked @6430. Ultimately I'm looking @6165, not sure if we'll get there today. Don't really care anyway since already in profit, I'll be happy to just let the trade move. Dragon I'm looking @147 again.
Thank You
  • #166,949
  • Sep 18, 2009 4:18am Sep 18, 2009 4:18am
Quoting wormboy
Depends on your risk tolerance. I think you're the only one who can answer that question my friend.
I closed it...damn, this was the worst day this month

Here's my new acc balance graph.

Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
-- There's no winner without lose --
  • #166,950
  • Edited 6:32am Sep 18, 2009 4:19am | Edited 6:32am
cable did da rite move ( at least for my position )

here it is, my last monday chart
yippee..

http://www.forexfactory.com/showpost...stcount=165165

TO ALL MOSLEM HERE..

Happy Holy Day of 1-2 Syawal 1430 H..
Please forgive me dzahir & bathin

am gonna take a break till 4 Syawal..
c u around guys..
spirit 0f pipping
  • #166,951
  • Sep 18, 2009 4:21am Sep 18, 2009 4:21am
1hr did close as a bullish engulfing...make of it what you will...it is at a previous 4hr swing lo=prev supp=potential support zone and the decsending channel.

More upside? (where are the threats to the upside in repspect of potential sbr?)

G/L

http://i29.tinypic.com/2zxv49z.gif
ex member
  • #166,952
  • Sep 18, 2009 4:22am Sep 18, 2009 4:22am
Quoting wormboy
3 trades the whole week, Excellent trading bro!
I got 5, the 5th being the outsider trade (euro dollar). Damn I'm overtrading!
I have cable where I intended it @6335 level. Currently all gains are locked @6430. Ultimately I'm looking @6165, not sure if we'll get there today. Don't really care anyway since already in profit, I'll be happy to just let the trade move. Dragon I'm looking @147 again.
Well I lied, thats only dragon and cable, if you include EUR, CHF and Yen, total of 9 across the pairs.

Gotta run to the airport now.

Chat you guys later on.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,953
  • Sep 18, 2009 4:26am Sep 18, 2009 4:26am
Cable currently trades below Dly, Wkly and Monthly pivots and below Wkly S1 (Wkly S2 @ 6152 area) and below Dly S1 and S2 pivots..and @ 95% of it's average daily pip range so far today.

G/L
ex member
  • #166,954
  • Sep 18, 2009 4:27am Sep 18, 2009 4:27am
Any close below 6360 today would see a bearish engulfing candle on the Weekly t/f.

Significant?

G/L
ex member
  • #166,955
  • Sep 18, 2009 4:29am Sep 18, 2009 4:29am
WOW...someone is screwing with the yen again....lol
Ghost Rider - WWTBMD?
  • #166,956
  • Sep 18, 2009 4:34am Sep 18, 2009 4:34am
Quoting JamesCZ
I closed it...damn, this was the worst day this month

Here's my new acc balance graph.

Attachment

keep doing what u were doing b4 yesterday...yur curve was great till u made a change.....sorry for yur loss
  • #166,957
  • Sep 18, 2009 4:35am Sep 18, 2009 4:35am
Quoting GlobalMacro
Higher time frames?...these are all H4s ...show me real high time frame, where did you see in your words "overall downtrend" on weekly?

Thanks I will, you too bro..
Well that's how interpret it!
You know I generally pull it off from H4 confirmations, who the hell do you think that hotshot 1 minute trader was taking his potshots at? lol

But anyway here's the weekly charts I've been working from. I interpreted it as bearish too, don't think I'm wrong either because it's been working out fine for me this week so far:

1. http://www.forexfactory.com/showpost...stcount=164905
2. http://www.forexfactory.com/showpost...stcount=165348
3. http://www.forexfactory.com/showpost...postcount=2973

I hope it's to your satisfaction boss
Thank You
  • #166,958
  • Sep 18, 2009 4:38am Sep 18, 2009 4:38am
Quoting nAVIN2007
keep doing what u were doing b4 yesterday...yur curve was great till u made a change.....sorry for yur loss
Thank you Nav. I'll try to stay cool and keep doing the same things I did before...just with one little change - I'll take loss maybe more times than I did before. Cause if I did it, my acc ballance could be much better...but there's no winner without loss.
-- There's no winner without lose --
  • #166,959
  • Sep 18, 2009 4:39am Sep 18, 2009 4:39am
Quoting JamesCZ
I closed it...damn, this was the worst day this month

Here's my new acc balance graph.

Attachment
Ahoj James,

Sorry for your loss. We've all been there, mate.

However, this is a setback - a part of the learning curve - and needn't be the end of the road in your trading journey.

Take a short break from the market, analyse your trades and what went wrong and why. Be totally honest with yourself and accept that high leverage and using no stops is a totally flawed system, as is taking profit once a trade moves a few pips into the green.

It's no use saying "I can't make any money trading with smaller sizes", as the fact remains that you stand even less chance of making money trading with your current leverage. What happened today will occur again and again, should you continue with your chosen approach to the market, I can guarantee that.

Finally, I wish you the best of luck and look forward to seeing you coming back stronger and wiser from this setback. Remember, my friend, the future is unwritten, meaning it's all there for the taking.

Paul
  • #166,960
  • Sep 18, 2009 4:40am Sep 18, 2009 4:40am
Quoting w4rrenminded
cable did da rite move ( at least for my position )

here it is, my last monday chart

http://www.forexfactory.com/showthre...378&page=11012

yippee..

TO ALL MOSLEM HERE..

Happy Holy Day of 1-2 Syawal 1430 H..
Please forgive me dzahir & bathin

am gonna take a break till 4 Syawal..
c u around guys..

Same to you bro. Wishing you the best of health and happiness.
You've got to be IN IT to WIN IT!
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