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Cable Update (GBPUSD)

  • #169,201
  • Sep 24, 2009 9:52pm Sep 24, 2009 9:52pm
For the next bit. Short term

CABLE 6040 then 60/80

FIBRE 4720
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,202
  • Sep 24, 2009 9:58pm Sep 24, 2009 9:58pm
Sometimes all we get is a retracement
to the 5sma on the 4hr. We shall see.

Dr. D.
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  • #169,203
  • Sep 24, 2009 9:59pm Sep 24, 2009 9:59pm
Quoting trabagwe
i wanna see the bear's now
What, did you miss them? Or just haven't seen enough?
Ghost Rider - WWTBMD?
  • #169,204
  • Sep 24, 2009 10:08pm Sep 24, 2009 10:08pm
Quoting Inzider
Same 70 pips closed. Covering some of the lose...
Closed fibre 27 +

Cable closed 54 pips.

now it goes up!! LOL

HAPPY w/ my pips!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,205
  • Sep 24, 2009 10:13pm Sep 24, 2009 10:13pm
Or do fibs reign?

Dr. D.
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  • #169,206
  • Sep 24, 2009 10:17pm Sep 24, 2009 10:17pm
Quoting Inzider
Same 70 pips closed. Covering some of the lose...
Hell Yeah Bro!! Big Pippin!

That was a nice little (or big for me) run!

I think cable may hit my pre-posted targets.

I still see the queen fully nude in the future.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,207
  • Sep 24, 2009 10:19pm Sep 24, 2009 10:19pm
Quoting XTrade
WormBoy, nAVIN, etc.

Can someone post a sleep schedule? To trade NY n' LDN effectively I live in NY, Trying to find a nice balance to trade NY and LDN for a bit. Mostly trading NY, Aussie/ Asian open,
BUT, losing pips on later markets. Maybe not worth it, and will focus BIG pippin' on NY. watch later marx... ?

Just curious what you guys do. Only sleeping about 6 hours a day, since ForeX!

ThanX!


Prospective Schedule:

Wake 7am trade NY 8 to 11/12 work till 5pm

5 to 9 OFF

9 to ten research and charting/ News

10/ 11 Bed till...

sleep schedule? don't have one I'm afraid. Plus I'm in asia, lol it's pretty convenient actually for me to trade the japan/london & ny/london overlap.
That's when the highest traffic is anyway, with the odd exceptions from time to time.
Trading hours are never an issue for me anyway because I am running a business of my own, so I trade from the office without having to worry about bosses lol. And during ny/london overlap I'll usually be home. When london close is around 12a.m local time so I can get plenty of sleep if I want to after.
Thank You
  • #169,208
  • Sep 24, 2009 10:19pm Sep 24, 2009 10:19pm
Quoting Que
Like this?

Que
Leave the scalpers to do what they do, we should 'respect' how others trade as we all have to find a method that suites us and our 'risk rates'.

Some like to risk 100 pips on a trade, others say 20 or so. Its about profit and how you like to trade big clear moves like this are quite rare.

Its all down to the individual and so long as your in profit fine however you got there......

Good Luck everyone, long term and short term just try to keep it green
  • #169,209
  • Sep 24, 2009 10:23pm Sep 24, 2009 10:23pm
Not exactly sure I understand your point here. Many of the scalpers make more money a month than I do. I do not fault their style. I was responding to the, do you keep your positions open over the weekend post...

*edit* Risk and pips are not the same thing. You risk a % of your account based on position size AND stop. Risking 20 pips does not imply any amount of risk. If you said 20 pips on a full mini lot with a $1000 account, then you would be talking about actual risk. Just saying 20 pips means absolutely nothing.

Que

Quoting Marj
Leave the scalpers to do what they do, we should 'respect' how others trade as we all have to find a method that suites us and our 'risk rates'.

Some like to risk 100 pips on a trade, others say 20 or so. Its about profit and how you like to trade big clear moves like this are quite rare.

Its all down to the individual and so long as your in profit fine however you got there......

Good Luck everyone, long term and short term just try to keep it green
Que
  • #169,210
  • Sep 24, 2009 10:24pm Sep 24, 2009 10:24pm
Helo everyone...

London is not open yet, just be careful of further retrace up.
I have my Sell Limit for GU @ 1.6710 and EU @ 1.4715 just to be safe.
My sell limit for AU has been hit @ 0.8695.
Hopefully, we'll be able to make the same jokes again as yesterday. Good luck with the trades everyone.
  • #169,211
  • Sep 24, 2009 10:28pm Sep 24, 2009 10:28pm
Quoting wormboy
sleep schedule? don't have one I'm afraid. Plus I'm in asia, lol it's pretty convenient actually for me to trade the japan/london & ny/london overlap.
That's when the highest traffic is anyway, with the odd exceptions from time to time.
Trading hours are never an issue for me anyway because I am running a business of my own, so I trade from the office ....
Hey bro!

Damn today was my Biggest Pip day EVER! LOL, Sorry, feeling good!

That's GREAT! Have you ever thought about Incorporating Yourself (TRADER Wormie) as an INC. or LLC. Then trade through the "business'" capital?

Not sure what the tax laws are over there but in NY I have heard/read if you are a BIZ, the taxes on PL is less. maybe something to consider.

I can't believe I let this b!tch run for another 4 pips!
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,212
  • Sep 24, 2009 10:28pm Sep 24, 2009 10:28pm
Quoting Que
You risk a % of your account based on position size AND stop. Risking 20 pips does not imply any amount of risk. If you said 20 pips on a full mini lot with a $1000 account, then you would be talking about actual risk. Just saying 20 pips means absolutely nothing.

Que
Thank You
  • #169,213
  • Sep 24, 2009 10:29pm Sep 24, 2009 10:29pm
Quoting Alpha Hamste
Helo everyone...
I have my Sell Limit for GU @ 1.6710 and EU @ 1.4715 just to be safe.
That's pretty optimistic....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #169,214
  • Sep 24, 2009 10:30pm Sep 24, 2009 10:30pm
Quoting Alpha Hamste
Helo everyone...

London is not open yet, just be careful of further retrace up.
I have my Sell Limit for GU @ 1.6710 and EU @ 1.4715 just to be safe.
My sell limit for AU has been hit @ 0.8695.
Hopefully, we'll be able to make the same jokes again as yesterday. Good luck with the trades everyone.
Here's the first joke ... GU @6700??
Brother 6165 is now the ceiling. Baby steps
Thank You
  • #169,215
  • Sep 24, 2009 10:32pm Sep 24, 2009 10:32pm
Quoting Que
Not exactly sure I understand your point here. Many of the scalpers make more money a month than I do. I do not fault their style. I was responding to the, do you keep your positions open over the weekend post...

*edit* Risk and pips are not the same thing. You risk a % of your account based on position size AND stop. Risking 20 pips does not imply any amount of risk. If you said 20 pips on a full mini lot with a $1000 account, then you would be talking about actual risk. Just saying 20 pips means absolutely nothing.

Que
Some scalpers are really making lots of money. I have a friend who keeps on making money by putting sell stops for a max of 7 positions. For example, GU is running at 1.6000, he would set it up 98, 97,96,95,94,93, and 92 (5 pips in and out). Of course, the number of transactions/ day are extremely high. He is a classic example of M1 expert
  • #169,216
  • Sep 24, 2009 10:33pm Sep 24, 2009 10:33pm
Just entered sell based on M30 pin...

I do not feel like posting chart, I am coding right now.

Que
Que
  • #169,217
  • Sep 24, 2009 10:34pm Sep 24, 2009 10:34pm
Quoting Magix
That's pretty optimistic....
Can the LDN Boyz (Thieves) sorry! even get this btch up there!?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,218
  • Sep 24, 2009 10:34pm Sep 24, 2009 10:34pm
Quoting Alpha Hamste
Helo everyone...

London is not open yet, just be careful of further retrace up.
I have my Sell Limit for GU @ 1.6710 and EU @ 1.4715 just to be safe.
My sell limit for AU has been hit @ 0.8695.
Hopefully, we'll be able to make the same jokes again as yesterday. Good luck with the trades everyone.
If those are you're sell limits, I sure hope you're buying now? That's a pretty long way to go Alpha.
Ghost Rider - WWTBMD?
  • #169,219
  • Sep 24, 2009 10:35pm Sep 24, 2009 10:35pm
Quoting XTrade
Hey bro!

Damn today was my Biggest Pip day EVER! LOL, Sorry, feeling good!

That's GREAT! Have you ever thought about Incorporating Yourself (TRADER Wormie) as an INC. or LLC. Then trade through the "business'" capital?

Not sure what the tax laws are over there but in NY I have heard/read if you are a BIZ, the taxes on PL is less. maybe something to consider.
lol very nice bro
Now the real challenge is to maintain consistency don't forget

Trader wormie?? Nehh I'll pass, I'm quite happy with what I'm earning at the mo really. Plus my business has absolutely nothing to do with currency trading. I'm running a very fun business actually lol, ask Nav he knows.
Or you can add me up on facebook if you want, pictures are up there.
Thank You
  • #169,220
  • Sep 24, 2009 10:35pm Sep 24, 2009 10:35pm
Quoting wormboy
Here's the first joke ... GU @6700??
Brother 6165 is now the ceiling. Baby steps
lol....
Ghost Rider - WWTBMD?
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