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Cable Update (GBPUSD)

  • #168,821
  • Sep 24, 2009 8:10am Sep 24, 2009 8:10am
Hey guys,
what do you think if we do smth like an AA group confession.

We confess the weknesses of our trading and try to help each other.

I'm starting first.

I suffer from low self esteem in fx so I get very rarely in a trade.I'd have made around 500 pips this week if I did get in2 trades, but I only got 45 pips.

Any cure for that?
  • #168,822
  • Sep 24, 2009 8:11am Sep 24, 2009 8:11am
Quoting nAVIN2007
i know .....those days of 500 pip moves, where are they?
lol actually I'm bored because I was out of the cable trade by accident bro
But I'd welcome those hundreds of pips a day move anytime!
Thank You
  • #168,823
  • Sep 24, 2009 8:15am Sep 24, 2009 8:15am
Quoting wormboy
all of europe will fall
Such a short and precise statement...a stab through the heart!!
Tiiimmbbeeerrr!!!
  • #168,824
  • Sep 24, 2009 8:18am Sep 24, 2009 8:18am
Quoting TauTrader
Good day to you all,

Attached my chart for EU..

I am shorting this Martherfarger since this mornin'.....

It's time she lets go and give me some.....

What ya fink?
Tell me about it bro, I have shorted the fibre and the AU (what do call this one?) as well...getting me restless for hours now. Loving the GU today...I am in love.
  • #168,825
  • Sep 24, 2009 8:18am Sep 24, 2009 8:18am
Now That We Got Love, What Are We Gonna Do....With IT ???

Hear the music before the song is over ...
  • #168,826
  • Sep 24, 2009 8:18am Sep 24, 2009 8:18am
Quoting TauTrader
Good day to you all,

Attached my chart for EU..

I am shorting this Martherfarger since this mornin'.....

It's time she lets go and give me some.....

What ya fink?
I fink you're right. Correction is due, at least
Attached Image (click to enlarge)
Click to Enlarge Name: eurox.JPG Size: 81 KB
Thank You
  • #168,827
  • Sep 24, 2009 8:19am Sep 24, 2009 8:19am
Quoting skerdi-meta
Hey guys,
what do you think if we do smth like an AA group confession.

We confess the weknesses of our trading and try to help each other.

I'm starting first.

I suffer from low self esteem in fx so I get very rarely in a trade.I'd have made around 500 pips this week if I did get in2 trades, but I only got 45 pips.

Any cure for that?
Have a trading plan and money management.

Trade without emotions.... Trade with risk your comfortable with as this would help your emotion management. As you slowly master this technique you will be able to increase your risk and stick to your plan.

You cannot get rich in forex fast so slow down and enjoy it.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #168,828
  • Sep 24, 2009 8:21am Sep 24, 2009 8:21am
Quoting Bull_Bear
Have a trading plan and money management.

Trade without emotions.... Trade with risk your comfortable with as this would help your emotion management. As you slowly master this technique you will be able to increase your risk and stick to your plan.

You cannot get rich in forex fast so slow down and enjoy it.
Amen brother!
Don't let the same dog bite you twice. -- Chuck Berry
  • #168,829
  • Sep 24, 2009 8:22am Sep 24, 2009 8:22am
Quoting GlobalMacro
Now That We Got Love, What Are We Gonna Do....With IT ???
What are we singing for this time, GM? Pray tell me kind sir. Have not been able to function normally after yesterday's FOMC announcement
  • #168,830
  • Sep 24, 2009 8:22am Sep 24, 2009 8:22am
Quoting TauTrader
Good day to you all,

Attached my chart for EU..

I am shorting this Martherfarger since this mornin'.....

It's time she lets go and give me some.....

What ya fink?
agreed....

How you doing Tau?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #168,831
  • Sep 24, 2009 8:26am Sep 24, 2009 8:26am
Quoting Alpha Hamste
What are we singing for this time, GM? Pray tell me kind sir. Have not been able to function normally after yesterday's FOMC announcement
That red candle on cable daily and Queen Hasnaa ( ex. her nose... ) that combination makes me just ecstatic.....
Hear the music before the song is over ...
  • #168,832
  • Sep 24, 2009 8:26am Sep 24, 2009 8:26am
Whoa!

Never Seen So much Blood in my account.

Soft hedges have slipped on me before, but never to the tune of 4000 pips.

There goes the week!

SIGH
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #168,833
  • Sep 24, 2009 8:29am Sep 24, 2009 8:29am
Quoting skerdi-meta

Any cure for that?
http://www.conradalvinlim.com/

Thank You
  • #168,834
  • Sep 24, 2009 8:30am Sep 24, 2009 8:30am
Quoting Bull_Bear
Have a trading plan and money management.

Trade without emotions.... Trade with risk your comfortable with as this would help your emotion management. As you slowly master this technique you will be able to increase your risk and stick to your plan.

You cannot get rich in forex fast so slow down and enjoy it.
yup he said it all

if i rememeber u got roughly 3k in your account, i remember cause i think u posted a chart and i was like damnit 0.1 lot is a lot to have on a trade...with 3k account

I have 3k in my account and 1% is £30 and that is the max! i will lose.....actually right now the most i will consider is 0.5% risk
i use a stop loss of average 100 pips which mean i risk £300 on a trade, 10% on 0.1 lot size, that would give me stress and make me emotional far more and i guess thats the route of the problem.....

BB is spot on! build yur account bit by bit...in the end u can only win!
  • #168,835
  • Sep 24, 2009 8:30am Sep 24, 2009 8:30am
cable left without me
Thank You
  • #168,836
  • Edited 8:34am Sep 24, 2009 8:32am | Edited 8:34am
Good day to you all,

Sir BB and Sir W,

Thank you kindly for your posts re this martherfarger....

I am sure me selling will push this pair down...

I have to attribute this to pure price manipulation. Nothing else. Saying that, it would mean taking out stops of sellers to clear the way for better returns to the downside.

BUT, anything is possible. So... I will just wait this out. A sniper in the bush...

Wish you both wealth, health and profits

My highest regards
BB, i am doing well. Thank you for asking.
  • #168,837
  • Sep 24, 2009 8:32am Sep 24, 2009 8:32am
Quoting GlobalMacro
That red candle on cable daily and Queen Hasnaa ( ex. her nose... ) that combination makes me just ecstatic.....
LOL...Take it easy GM, we have a "far" (notice I avoid using the L word) south journey
  • #168,838
  • Sep 24, 2009 8:32am Sep 24, 2009 8:32am
Support Resistance Levels : GBPUSD

1,6402 - 1,6419 - 1,646 - 1,6504 - 1,6535

1,6348

1,6249 - 1,6205 - 1,6178 - 1,6148 - 1,6098


----------------

The art of Forex Scalping

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  • #168,839
  • Sep 24, 2009 8:37am Sep 24, 2009 8:37am
Quoting TauTrader
Good day to you all,

Sir BB and Sir W,

Thank you kindly for your posts re this martherfarger....

I am sure me selling will push this pair down...

I have to attribute this to pure price manipulation. Nothing else. Saying that, it would mean taking out stops of sellers to clear the way for better returns to the downside.

BUT, anything is possible. So... I will just wait this out. A sniper in the bush...

Wish you both wealth, health and profits

My highest regards
BB, i am doing well. Thank you for asking.
All the best to you too
Thank You
  • #168,840
  • Sep 24, 2009 8:37am Sep 24, 2009 8:37am
Quoting wormboy
cable left without me
Did you get in dragon at least, that's 1st prize, don't worry abt 2nd prize.
Veni, Vidi, Vici (We came, we saw, we conquered)
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