Cable Update (GBPUSD)

Post #169,481
Quote
Sep 25, 2009 8:49am Sep 25, 2009 8:49am

pso
| Joined Aug 2009 | Status: back to basic | 92 Posts

wow excellent result

keep posting get the force here stronger and stronger

Quoting TauTrader

Disliked

Good day to you, Gentlemen / Ladies,

I am done for the week. I have been treated well by the markets. For this, I am extremely grateful. I want to ask upfront, that you do not see this in the wrong way. I am not bloating or bragging. This is a reality check....

I need to do this post as a stern warning to myself. The danger of becoming "comfortable" is a serious reality to me. I will reflect heavily over the next couple of days - away from this.

I am sh*t scared...

At the same time, my gratitute has to go out to all here. I have...

Ignored

Post #169,482
Quote
Sep 25, 2009 8:51am Sep 25, 2009 8:51am

Islander
Joined Jan 2007 | Status: Member | 11,238 Posts

Quoting Islander

Disliked

Nice one - I too have been selling off "the levels" all day....I've now taken a small long off the 5921 low / S1 level to pirate a few pips off the retrace http://www.forexfactory.com/images/icons/icon12.gif

Off course, TP at the next level - 5950 - also the 50% retrace....

Ignored

12 minutes and TP hit http://www.forexfactory.com/images/icons/icon6.gif

Trading Levels with Aggressive, Volatile Volume

Post #169,483
Quote
Sep 25, 2009 8:54am Sep 25, 2009 8:54am

albchr
Joined Mar 2009 | Status: Member | 25,480 Posts

Quoting TauTrader

Disliked

Good day to you, Gentlemen / Ladies,

I am done for the week.

Ignored

...To your continued success! Well Done....

Ghost Rider - WWTBMD?

Post #169,484
Quote
Sep 25, 2009 8:55am Sep 25, 2009 8:55am

zameer
| Joined Aug 2009 | Status: Member | 147 Posts

hey tau trader show the hole statement buddy i m not gona ask u a treat

Quoting TauTrader

Disliked

Good day to you, Gentlemen / Ladies,

I am done for the week. I have been treated well by the markets. For this, I am extremely grateful. I want to ask upfront, that you do not see this in the wrong way. I am not bloating or bragging. This is a reality check....

I need to do this post as a stern warning to myself. The danger of becoming "comfortable" is a serious reality to me. I will reflect heavily over the next couple of days - away from this.

I am sh*t scared...

At the same time, my gratitute has to go out to all here. I have found...

Ignored

Post #169,485
Quote
Sep 25, 2009 8:57am Sep 25, 2009 8:57am

Pyramus
| Joined Apr 2008 | Status: Member | 512 Posts

Been waiting for this to go long the whole day finally long at 1.5930 TP 1.6150 SL 1.5900

Post #169,486
Quote
Sep 25, 2009 8:57am Sep 25, 2009 8:57am

Fudomyo
Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts

Quoting Alpha Hamste

Disliked

(Jeopardy theme playing in the background)

Ding ding ding For $500...is it a mouse trap?

Ignored

lol!

ok, see you guys later

(I haven't developed the skill of trading and reading at the same time and this thread is too much fun, so I know I'll get distracted lol ...)

good luck with all of your trades!

Post #169,487
Quote
Sep 25, 2009 8:59am Sep 25, 2009 8:59am

zoli
| Joined Apr 2009 | Status: called zol actually | 440 Posts

Quoting TauTrader

Disliked

Good day to you, Gentlemen / Ladies,

I am done for the week. I have been treated well by the markets. For this, I am extremely grateful. I want to ask upfront, that you do not see this in the wrong way. I am not bloating or bragging. This is a reality check....

I need to do this post as a stern warning to myself. The danger of becoming "comfortable" is a serious reality to me. I will reflect heavily over the next couple of days - away from this.

I am sh*t scared...

At the same time, my gratitute has to go out to all here. I have...

Ignored

Congratulation! Many should learn from you, including myself! Not the trading necessarily, but the humility to the market coming after a 100% winning success 19 times in a row.

Good stuff!

Kind Regards zol

Post #169,488
Quote
Sep 25, 2009 9:00am Sep 25, 2009 9:00am

Alpha Hamste
| Joined Sep 2009 | Status: Member | 255 Posts

Quoting TauTrader

Disliked

Good day to you, Gentlemen / Ladies,

Ignored

Good job my friend!! Yup, I am too grateful to find a new batch of friends here in this thread. Already made +10% of my equity for today, probably exiting soon. Have a good weekend TauTrader...

Post #169,489
Quote
Sep 25, 2009 9:17am Sep 25, 2009 9:17am

FxClown
| Joined Aug 2009 | Status: Member | 551 Posts

Quoting TauTrader

Disliked

Good day to you, Gentlemen / Ladies,

I am done for the week.

Ignored

Good job my friend.

It has been a great week. I am not going to blow my windfall no more.

Here are my lessons learnt this week. These are not in any particular order.
1. I never let my Margin to cover ratio drop below 4/1. (I don't know if that is good or bad.). This allowed me to stay on the train even when it hit the buffers.

2. I took money off the table (profit) as soon as I started feeling uncomfortable about my trade. Even if this meant going against my strategy. I got back on as soon as the shaking had stopped.

3. I will not trade the Dragon for a long long time.

4. I had blown 70% of my account at the start of Sep. I am happy to say I have restored the balance. For this I want to thank all the clever people here who have tought me so much. Please read my signature. It summarises it.

5. Don't fall in love with a trade.

6. If it has gone wrong, it will go horribly wrong. So, kill it!

7. Money Mangement. Money Mangement. Money Mangement. You will have plenty of chances to trade.

Malcolm, Tau, BB, Trade, FL, Nav, BBMac, Fodo and others - Thanks Guys!

The Mrs is delighted too. For the first time in 3 years, I actually withdrew funds from my account.

Happy weekend. and Good Luck.

I know what to do.

Post #169,490
Quote
Sep 25, 2009 9:19am Sep 25, 2009 9:19am

uafx
| Joined Oct 2008 | Status: Member | 224 Posts

Hi,

what do you think about leaving short open for the weekend? Very well in green (from 1.6350), SL in 1.6050?

Thanks for your opinions...:-)

Post #169,491
Quote
Sep 25, 2009 9:20am Sep 25, 2009 9:20am

FxClown
| Joined Aug 2009 | Status: Member | 551 Posts

Quoting uafx

Disliked

Hi,

what do you think about leaving short open for the weekend? Very well in green (from 1.6350), SL in 1.6050?

Thanks for your opinions...:-)

Ignored

you are burning pips.

I know what to do.

Post #169,492
Quote
Sep 25, 2009 9:31am Sep 25, 2009 9:31am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,718 Posts

Quoting Islander

Disliked

Nice one - I too have been selling off "the levels" all day....I've now taken a small long off the 5921 low / S1 level to pirate a few pips off the retrace http://www.forexfactory.com/images/icons/icon12.gif

Off course, TP at the next level - 5950 - also the 50% retrace....

Ignored

nice trade..lovely vsa set up BUT I have no courage to go long even for a scalp ..lol

Blogging daily now at www.volume.zone

Post #169,493
Quote
Sep 25, 2009 9:33am Sep 25, 2009 9:33am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,718 Posts

Quoting FxClown

Disliked

Good job my friend.

It has been a great week. I am not going to blow my windfall no more.

Here are my lessons learnt this week. These are not in any particular order.
1. I never let my Margin to cover ratio drop below 4/1. (I don't know if that is good or bad.). This allowed me to stay on the train even when it hit the buffers.

2. I took money off the table (profit) as soon as I started feeling uncomfortable about my trade. Even if this meant going against my strategy. I got back on as soon as the shaking had stopped.

[b]3. I will not trade...

Ignored

lol the beast lived up to its name this week.

Blogging daily now at www.volume.zone

Post #169,494
Quote
Sep 25, 2009 9:36am Sep 25, 2009 9:36am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting FxClown

Disliked

Good job my friend.

It has been a great week. I am not going to blow my windfall no more.

Here are my lessons learnt this week. These are not in any particular order.
1. I never let my Margin to cover ratio drop below 4/1. (I don't know if that is good or bad.). This allowed me to stay on the train even when it hit the...

Ignored

It won't be your last my friend

(ie withdrawing funds)

Your welcome.

Veni, Vidi, Vici (We came, we saw, we conquered)

Post #169,495
Quote
Sep 25, 2009 9:38am Sep 25, 2009 9:38am

FxClown
| Joined Aug 2009 | Status: Member | 551 Posts

Quoting malcolmb14

Disliked

lol the beast lived up to its name this week.

Ignored

I made a promise 2 weeks ago never to trade the dragon again. I got withdrawl symptoms and yesterday (very late), I dipped my toes into a small trade. Pretty soon, I realised why I made that promise and I closed the trade.

I promised to the dragon that I was not

Or ready for that matter.

Cheers.

I know what to do.

Post #169,496
Quote
Sep 25, 2009 9:40am Sep 25, 2009 9:40am

FxClown
| Joined Aug 2009 | Status: Member | 551 Posts

Quoting Bull_Bear

Disliked

It won't be your last my friend

Your welcome.

Ignored

Thanks my friend. You and DT have been insperational.

I know what to do.

Post #169,497
Quote
Sep 25, 2009 9:49am Sep 25, 2009 9:49am

Alpha Hamste
| Joined Sep 2009 | Status: Member | 255 Posts

Quoting albchr

Disliked

I have 3 rules for news.

1) If I'm locked well in profit, I pay no attention.
2) If I'm not locked in I generally get out.
3) If I'm not in a trade, I wait for the dust to settle.

Ignored

As we get to the top of the hour, I would like to re-post what Chris did awhile ago.

On top of that gonna let go my pet bear and bull to fight it out amongst themselves, and pick the winner, since it is 50/50 odd. (wink at that someone who came up with this joke)

Post #169,498
Quote
Sep 25, 2009 9:53am Sep 25, 2009 9:53am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,137 Posts

Quoting FxClown

Disliked

Good job my friend.

It has been a great week. I am not going to blow my windfall no more.

Here are my lessons learnt this week. These are not in any particular order.
1. I never let my Margin to cover ratio drop below 4/1. (I don't know if that is good or bad.). This allowed me to stay on the train even when it hit the...

Ignored

its funny how we all know what to do but still dont do it

welldone brother! we all getting there..

Im also learning, infact i think the penny dropped just that little bit more, entering the trade is one thing, managing it is another..

keep up the good work! ....keep the mrs happy

Post #169,499
Quote
Sep 25, 2009 9:56am Sep 25, 2009 9:56am

Inzider
| Commercial Member | Joined Feb 2008 | 1,440 Posts

Quoting FxClown

Disliked

Thanks my friend. You and DT have been insperational.

Ignored

No doubt! I'm really happy for you!

I took some hit too, i limited the damage. On a recovery mode now.
Dicipline is the key, thx for your nice exemple.

take care!

Post #169,500
Quote
Sep 25, 2009 9:56am Sep 25, 2009 9:56am

ayaz
| Joined Jul 2008 | Status: Member | 97 Posts

Quoting albchr

Disliked

Maybe a nice double bottom on the 1H?

Ignored

thats what i was thinking as well. im still on the side that thinks a real retracement is necessary after such a drop....

could this be a signal for some upwards action?

Just focus on the pips. The rest is insignificant.