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Cable Update (GBPUSD)

  • #168,601
  • Sep 24, 2009 3:37am Sep 24, 2009 3:37am
Quoting antic81

Hows the trading going?
I really cant say.... after I blew the second account I went back to demo for about a year...

My trading is 100% Technical, no emotions involved I pull the trigger on when I'm told and the market takes me out. On demo I did really well and decided to fund my account again. Using the very same method, I have lost about 1/6 th of my account in two weeks.

Today I decide to do it on Demo again and Bob's your uncle... profit from the word GO.
  • #168,602
  • Sep 24, 2009 3:38am Sep 24, 2009 3:38am
Quoting nAVIN2007
its out of the sling i havent got full movement, but it better everyday..i realy dont want to go hospital..this trade need nursing...

damnit....thanks for asking brother! ...
Yeah those shoulder injuries can take a while. I had a rotator cuff go loose on me and it took months to get close to normal again. Quite painful as well.

Take some profit and put a trailer on it buddy.
Ghost Rider - WWTBMD?
  • #168,603
  • Sep 24, 2009 3:41am Sep 24, 2009 3:41am
Even against trend/strong move @ potential supp/res there are hi-probability contra-trend set-ups...notice the triple bullish regular divergence in the oscillators @ the formerly mentioned 6200 area-bids..moves/trends do pulllback/reverse and these plays too can be high probability. Is it a pullback/extended pullback or complete reversal? I have no idea but you look @ the potential strength of the support/any supporting set-ups above the trigger t/f and subsequent pa on t/f's above the trigger and make a judgement accordingly.

Cable today currently @ 111% of 20day average pip range.

G/L

http://i37.tinypic.com/a4oqko.gif
ex member
  • #168,604
  • Sep 24, 2009 3:48am Sep 24, 2009 3:48am
Quoting sibajnok
today?
  • #168,605
  • Sep 24, 2009 3:49am Sep 24, 2009 3:49am
Quoting Fx1618
I really cant say.... after I blew the second account I went back to demo for about a year...

My trading is 100% Technical, no emotions involved I pull the trigger on when I'm told and the market takes me out. On demo I did really well and decided to fund my account again. Using the very same method, I have lost about 1/6 th of my account in two weeks.

Today I decide to do it on Demo again and Bob's your uncle... profit from the word GO.

See How I do it... Trade the Demo until U have your confidence back. And when it is back. Start every morning/ entry trade with the Demo only when U have bagged some pips will U switch over... And all the bag the rest of the pipis in the REAL...
  • #168,606
  • Sep 24, 2009 3:49am Sep 24, 2009 3:49am
Quoting nAVIN2007
its out of the sling i havent got full movement, but it better everyday..i realy dont want to go hospital..this trade need nursing...

damnit....thanks for asking brother! ...
Chris & Navin,
Dang NABBIT!
'Got Stopped out!!! 130 pips... to the downside taken,
out of what we all rode of 150. Get that shoulder better nav!

'Just was not gonna give these baby,
'Piplings' back... !

I think this was wave 2 of at least 3, maybe tomorrow,
to the downside...
We'll see...
Chris, We've got Unemployment Claims @8:30 (i think), our
time... I'd take a retrace AFTER that. I'd bet @08:00 am,
NY pushes her back down to see if they can break 1.6200's.
And London Let's her ride... and cash$ out where they want
THEN back up. -who knows...
-I obviously had Not, the Gall!
Enjoy,

Jeff !
I will work to Objectively Identify my Edges
  • #168,607
  • Sep 24, 2009 3:49am Sep 24, 2009 3:49am
Quoting traderfx
we should see 1.6135
  • #168,608
  • Sep 24, 2009 3:50am Sep 24, 2009 3:50am
Am Out...

Taking my little pips and going to bed.
  • #168,609
  • Sep 24, 2009 3:54am Sep 24, 2009 3:54am
Quoting Reznik
See How I do it... Trade the Demo until U have your confidence back. And when it is back. Start every morning/ entry trade with the Demo only when U have bagged some pips will U switch over... And all the bag the rest of the pipis in the REAL...
tx Reznik, only problem with this approach is that if I demo first, and then move over to the Live account the trade maybe over already as I have very, very specific entries and SL.

I think it is Carma.... testing if I can stick to my rules as with the trade and discussions I made from yesterday
  • #168,610
  • Sep 24, 2009 3:58am Sep 24, 2009 3:58am
Good morning everyone

http://www.forexfactory.com/showpost.php?p=3084690&postcount=199422
Charts above. Short 15020 now +340, locked in at 14920. Continue to hold other Shorts 15220 +540

http://www.forexfactory.com/showpost.php?p=3084715&postcount=199423
Looks like it was a false breakout on Cable as mentioned in chart above. Price manipulation at it’s best.



Still holding Short across the board, looking for a retracement to add further Shorts.

Happy trades!
  • #168,611
  • Sep 24, 2009 3:58am Sep 24, 2009 3:58am
Quoting Reznik
Am Out...

Taking my little pips and going to bed.
Good for you buddy...
i had a little pip (under 24) day yesterday too~!

I'm sure all of Our pips are "little" compared
to the longer term blokes. -Good for them!

Get what you can, give back the least you can,
remain flat and trade when you see it only.

Great Job Reznik,
On the ride. We all catch what we can,
when we can.

Have 'good rest!
I will work to Objectively Identify my Edges
  • #168,612
  • Sep 24, 2009 3:59am Sep 24, 2009 3:59am
Re discussion above, there is absolutely no doubt in my mind borne out of my and other's experience that what seperates the consistently successful traders from the also rans is the personal psychology.

Once you have a good grasp on the technicals or whatever analysis you use and have a proven trading edge, it is then one's own psychological factors at play that determine whether you can execute it successfully. Mark Douglas in fis books says it's 90% psychological. I tend to agree.

Plan your trade and then trade your plan, absolutely sums it up..

G/L
ex member
  • #168,613
  • Sep 24, 2009 4:02am Sep 24, 2009 4:02am
Quoting TerpFan2
Chris & Navin,
Dang NABBIT!
'Got Stopped out!!! 130 pips... to the downside taken,
out of what we all rode of 150. Get that shoulder better nav!

'Just was not gonna give these baby,
'Piplings' back... !

I think this was wave 2 of at least 3, maybe tomorrow,
to the downside...
We'll see...
Chris, We've got Unemployment Claims @8:30 (i think), our
time... I'd take a retrace AFTER that. I'd bet @08:00 am,
NY pushes her back down to see if they can break 1.6200's.
And London Let's her ride... and cash$ out where they want
THEN back...
Jeff,

OH I agree man. I'm not closing this short anytime soon. I always let the market take me out anyway. I went short at 6380, took 25% at 6257 and my SL is just above 6300 ATM. Target is 6130ish but as you said, we need to "close" below 6320, then 6280 to get there IMHO.
Ghost Rider - WWTBMD?
  • #168,614
  • Sep 24, 2009 4:02am Sep 24, 2009 4:02am
Okay. I'm out of here, going to start the fires for Braai day. Will keep an eye from the Mobile.

Happy pip'n to all
  • #168,615
  • Sep 24, 2009 4:04am Sep 24, 2009 4:04am
Good day to you,

Current chart with levels of importance to me. Numbered and referenced:

1) We are sitting smack bang on the weekly opening price @ 1.6223. With this level we also have in close proximity, the low of last week @ 1.6230 and just below the weekly opening price, we have the Monday close @ 1.6215.
2) A retrace may be possible, but only to 1.6287, if bears are serious. This 1.6287 number is the monthly opening price.
3) To the downside, a level to watch with hawkeyes will be 1.6151 - this is the August low. Just above this, we have the lower level of the weekly channel, by highs sitting @ 1.6171 - this level may be a barrier too.

Hope this assists

I am now off to the shops.
Attached Image (click to enlarge)
Click to Enlarge Name: gu16.gif Size: 20 KB
  • #168,616
  • Sep 24, 2009 4:05am Sep 24, 2009 4:05am
Quoting Fx1618
I really cant say.... after I blew the second account I went back to demo for about a year...

My trading is 100% Technical, no emotions involved I pull the trigger on when I'm told and the market takes me out. On demo I did really well and decided to fund my account again. Using the very same method, I have lost about 1/6 th of my account in two weeks.

Today I decide to do it on Demo again and Bob's your uncle... profit from the word GO.
Im sorry to hear that mate.

I had a similar situation, last week I was testing this new retracement (the one I mentioned last week) method of trading on a demo and I didnt lose at all, I did probably 20 plus trades, a couple I was actually trying to trade at the wrong time to measure the losses and trying to work out a money mannagement system and using the new broker through MT4 as apposed to trading using a spread betting platform, this week I went live with it, suddenly I mannaged to lose twice in a row, the problem is knowing where to set my SL...still working on that, but using really small lots, so not massive losses.

Is this a new holiday? I forget...haha!
  • #168,617
  • Sep 24, 2009 4:06am Sep 24, 2009 4:06am
Quoting Bull_Bear
Morning guys,

Well... you win some and you loss some... Dame FOMC...lol

Cable break even

EUR -45pips

Dragon missed my TP by 30 pips. booked +35pips

All longs are reversed to shorts now...

Cable 1.6342... SL 1.6485... TP 1.6200 (1st TP) 1.6100 (2nd TP)

EUR 1.4729... SL 1.4875... TP 1.4540

See you guys at the London session
Heres' an update on cable, EUR & dragon...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 116 KB
Click to Enlarge Name: Dragon.JPG Size: 111 KB
Click to Enlarge Name: EUR.JPG Size: 122 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #168,618
  • Sep 24, 2009 4:07am Sep 24, 2009 4:07am
W o r D BBMAC...

If you don't have that book in your arsenal,
You're L O S T @sea!

For me today it was my "Pshycological" -(can't even spell it)!
A.T.R. of about 160, which London,
has already beat up to smytherenes...

Can she pop it further? -Sure she can? Will it all happen
today? I don't know. Am i being too greedy on just
one trade? -Possibly sure enough, for me,
for just one day / or again, one trade.

All these things get in your "DomE" and you've got to
act decisively.
My hardest part is when the loser get's incredibly huge.
Good Stuff BBMAC,
Thx,

Jeff !
I will work to Objectively Identify my Edges
  • #168,619
  • Sep 24, 2009 4:08am Sep 24, 2009 4:08am
This is what I am see-ing on 1hr now in respect of potential supp/res factors...some of these zones are co-existant on 4hr...fibs are drawn from post fomc 6467 hi and today's current Hi 6386 to current intraday lows @ 6200. Red and Green dotted lines-maybe a descending channel going on on this t/f?

Price has exceeded Daily S2 pivot in the move down and has currently traded to 111% today, of it's average 20 day pip range

G/L

http://i38.tinypic.com/6ygnt5.gif
ex member
  • #168,620
  • Sep 24, 2009 4:16am Sep 24, 2009 4:16am
Quoting albchr
Jeff,

OH I agree man. I'm not closing this short anytime soon. I always let the market take me out anyway. I went short at 6380, took 25% at 6257 and my SL is just above 6300 ATM. Target is 6130ish but as you said, we need to "close" below 6320, then 6280 to get there IMHO.
Good for you Chris!
You've got some Gonad's there buddy!

I've been out 'game, and back in now,
But still taking care of 'elderly parents here now living in.
-It's like a virtual "Nursing Home" i run here
@the house!
-Trading has got to come only when i can & IT,
presents "Herself"... Like YOU said, about the Mkt.

'Still trying to get Dad & Mom through the VA paperwork,
for Va down in La Plata, MD (Charlotte Hall)...
Great Job Chris,
Prop's to your shorts,

jeff ! P.S. You got "Trading in the Zone"...?
I will work to Objectively Identify my Edges
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