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Cable Update (GBPUSD)

  • #173,481
  • Oct 6, 2009 9:51am Oct 6, 2009 9:51am
room what u make out of this
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  • #173,482
  • Oct 6, 2009 9:52am Oct 6, 2009 9:52am
Quoting pakitrader
I did so much loss now started using micro loss feeling comfortable as i am in the trend i thing its better to get money late rather to get equity stop early.
Dear friend, I would make one recommendation to anyone wanting to make some money as opposed to gambling it on every candlestick and fib and ema, butterflies, and the rest.
Do not, do not, do not aim for 100 pips, 200 pips, 300 pips....blah blah....

Play small ball (20/25 pips) and make sure you have sensible SL and TS.


G/L
None the wiser!
  • #173,483
  • Oct 6, 2009 9:53am Oct 6, 2009 9:53am
Anybody shorting gold? Its at its highest with weekly, daily, hourly ALL way overbought.
You've got to be IN IT to WIN IT!
  • #173,484
  • Oct 6, 2009 9:53am Oct 6, 2009 9:53am
Quoting gammase1
The dollar is the biggest dog at the moment, Navin. Its weakness being the key talking point of the day.
its nuts shows me to say news dont matter bloody hell all this is because of what non farm did..(i think)
  • #173,485
  • Oct 6, 2009 9:55am Oct 6, 2009 9:55am
Quoting Ifty
Anybody shorting gold? Its at its highest with weekly, daily, hourly ALL way overbought.
lol, dont fall in trap with OB/OS/. with news as they are.. any instrument can remain in OB/OS for days/Weeks..
  • #173,486
  • Oct 6, 2009 9:58am Oct 6, 2009 9:58am
Quoting nAVIN2007
its nuts shows me to say news dont matter bloody hell all this is because of what non farm did..(i think)
The initial response to NFP was the market sold risk assets. However, towards the end of the session on Friday, these same assets consolidated and it became the dollar that was instead dumped en-masse, with the logic being it's the currency of the major economy with the worst relative growth prospects, lowest interest rates and one of the weakest fiscal positions.

This morning's story in The Independent has set off the latest wave of dollar selling, from which commodities and commodity currencies have been the main beneficiaries. So news does matter.
  • #173,487
  • Oct 6, 2009 9:58am Oct 6, 2009 9:58am
Quoting gammase1
Personally, the mostly I only extend my capital base out two times leveraged, parheps three times at the very most - although this is rare.

Someone's leverage cannot be described as sensible, if they are on the verge of getting a margin call from a single bad trade or have blown previous accounts. This is a contradictory claim.
Sorry, not sure the correct term for it but in worst case scenario my margin to equity ratio is 4/1. So, if my margin is X, I have another 4 times X for drawdown.
Basically, I never want to f'up again.
None the wiser!
  • #173,488
  • Oct 6, 2009 9:59am Oct 6, 2009 9:59am
Quoting gammase1
Personally, the mostly I only extend my capital base out two times leveraged, parheps three times at the very most - although this is rare.

Someone's leverage cannot be described as sensible, if they are on the verge of getting a margin call from a single bad trade or have blown previous accounts. This is a contradictory claim.
no doubt....margin call and mm just shouldnt be in the same sentence.
It appears im different to most in this respect i actually have a fear of losing so mm comes natural to me (i think)

example...see chart

i might appear to be trouble but mm i think has saved me from something which could be fatal....without accessing risk trading is just another way to lose money
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  • #173,489
  • Oct 6, 2009 9:59am Oct 6, 2009 9:59am
It appears she's "trying" to roll over again on the 15m. If the dam dollar would just pick up a little strength, she just might.
Ghost Rider - WWTBMD?
  • #173,490
  • Oct 6, 2009 9:59am Oct 6, 2009 9:59am
Quoting Piters
http://www.forexfactory.com/showpost...&postcount=102
http://www.forexfactory.com/showpost...&postcount=101
http://www.forexfactory.com/showpost...&postcount=100

WormMAN.. Target Hit bro..
Both UY and GY hit the Target at 88.70 and 141.00..

take a deep Breathe.. we are still in the Wedge..
[btw. the wedges are on 4h, we need maybe few days to see a breakout..]

[Chart]
hey piter nice job bro
I'm still holding the short still. Take a look
http://www.forexfactory.com/showpost...postcount=3251

136 level would be nice
Thank You
  • #173,491
  • Oct 6, 2009 9:59am Oct 6, 2009 9:59am
Quoting Piters
lol, dont fall in trap with OB/OS/. with news as they are.. any instrument can remain in OB/OS for days/Weeks..
Point taken . This is so chaotic ATM. We guys are just trying to make a living but the big boys love toying with us.
You've got to be IN IT to WIN IT!
  • #173,492
  • Oct 6, 2009 10:00am Oct 6, 2009 10:00am
Quoting gammase1
The initial response to NFP was the market sold risk assets. However, towards the end of the session on Friday, these same assets consolidated and it became the dollar that was instead dumped en-masse, with the logic being it's the currency of the major economy with the worst relative growth prospects, lowest interest rates and one of the weakest fiscal positions.

This morning's story in The Independent has set off the latest wave of dollar selling, from which commodities and commodity currencies have been the main beneficiaries. So news does...

thanks paul..seems theres another variable to add to the list
  • #173,493
  • Oct 6, 2009 10:00am Oct 6, 2009 10:00am
the doomed doller broke every dam support
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  • #173,494
  • Oct 6, 2009 10:03am Oct 6, 2009 10:03am
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  • #173,495
  • Oct 6, 2009 10:06am Oct 6, 2009 10:06am
Quoting wormboy
hey piter nice job bro
I'm still holding the short still. Take a look
http://www.forexfactory.com/showpost...postcount=3251

136 level would be nice
lol, im naughty boy, took my profit, had one scalp [30p], and im running another one long..

UY is my indicator bro.. we are going to retrace F50 or more.. UP

of course inside the WEDGE, before we break..

GOLD is Bitchy today.. lol - keeping EUR and GBP up
  • #173,496
  • Oct 6, 2009 10:07am Oct 6, 2009 10:07am
Quoting nAVIN2007
no doubt....margin call and mm just shouldnt be in the same sentence.
It appears im different to most in this respect i actually have a fear of losing so mm comes natural to me (i think)

example...see chart

i might appear to be trouble but mm i think has saved me from something which could be fatal....without accessing risk trading is just another way to lose money

I believe that is very close to the way I feel, instead of suffering a loss and trying to make it back immediately, I always consider what a second successive loss would feel like...that normally holds me back until the next set up, which most of the time is not until the next day.

My MM is simple, risk less than 2 % per trade, and look to maintain atleast a 60% SR, small scale trades are my preference, 30 - 40 pips and I am happy, never a stop further than 20 pips, it seems to work, had a good month last month, not huge, but enough to show an excellent turn around on the previous month!

Best of luck, I cant see anything happening at the moment so I am off to gym!
  • #173,497
  • Oct 6, 2009 10:11am Oct 6, 2009 10:11am
Quoting antic81
I believe that is very close to the way I feel, instead of suffering a loss and trying to make it back immediately, I always consider what a second successive loss would feel like...that normally holds me back until the next set up, which most of the time is not until the next day.

My MM is simple, risk less than 2 % per trade, and look to maintain atleast a 60% SR, small scale trades are my preference, 30 - 40 pips and I am happy, never a stop further than 20 pips, it seems to work, had a good month last month, not huge, but enough to show an...
u too bro...!
u must be a hell of a trader to have such small stops..good luck buddy
  • #173,498
  • Oct 6, 2009 10:13am Oct 6, 2009 10:13am
Quoting cci12
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Still wish I knew what's so "magic" about them? Is it just when you see a blue dot you sell and red one you buy?

Do you see those "before" the move?
Ghost Rider - WWTBMD?
  • #173,499
  • Oct 6, 2009 10:14am Oct 6, 2009 10:14am
Quoting FxClown
Dear friend, I would make one recommendation to anyone wanting to make some money as opposed to gambling it on every candlestick and fib and ema, butterflies, and the rest.
Do not, do not, do not aim for 100 pips, 200 pips, 300 pips....blah blah....

Play small ball (20/25 pips) and make sure you have sensible SL and TS.


G/L
Why not? I make those 100,200,300 with little problems. I do not see your point
Thank You
  • #173,500
  • Oct 6, 2009 10:15am Oct 6, 2009 10:15am
Quoting wormboy
Why not? I make those 100,200,300 with little problems. I do not see your point
I don't get his point either...
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