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Cable Update (GBPUSD)

  • #174,061
  • Oct 8, 2009 3:24am Oct 8, 2009 3:24am
Downside still valid?
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  • #174,062
  • Oct 8, 2009 3:26am Oct 8, 2009 3:26am
Quoting player2345
I have been watching you for months. How do you deternine your calls? Are you a pure trendline trader? I seen some of yours go against but for the most you win. What style do you use? Please help. I wait to long to get in a trade and never maximize on the trade. I profit but very small compare to your trades.
What you see on my charts is how I trade... My rules are:

1. enter on support / resistance, fib levels
2. trend lines
3. previous support / resistance levels

Keep it simple.... I trade purely on my charts and that's it....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,063
  • Oct 8, 2009 3:26am Oct 8, 2009 3:26am
Quoting antic81
Actually I have re-addressed my entry and I have fibbed the move on the five minutes and will await the 50 retrace, currently bobbing around the 23.6...if I knew how to post my charts I would, but unfortunately I am not great at 'putering...haha!

That 50% of this 5972-6071 move up is also 23.6% 5857 (y/day's lo) -6071 (today's current Hi)

G/L
ex member
  • #174,064
  • Oct 8, 2009 3:27am Oct 8, 2009 3:27am
Quoting Piters
Thanks mate..

was a good run.. now I need to pick my gloves again to pick that GU spot...
I thought you were riding both...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,065
  • Oct 8, 2009 3:28am Oct 8, 2009 3:28am
Quoting crackberry
That's why, sometimes i just wanted to say that to my dad but it's hard to say right?because he is my parents. My father is a type of person who thinks the market would do like he say. Although i always talked to him that we should follow the trend. But i guess he's more likely a gambler not a trader.

Thanks for the advise
almost every in here is: i think u have to be to do this: u are never 100% if u are then u likely definately wrong, tell yur father, he has a lot of bad habits and is lossing so why must i follow the path and lose as well..tell him to explain to u..he will be ashammed and leave u to trade...

u are being cruel to be kind..

he will then change his habbits hopefully cause coming from u that will be a blow (knockout punch!)

your father probably has very little regard for mm, believe i think it is the difference between success and failure at this..


Quoting Alison
Hello Crackberry,

Some thoughts.

Part of growing up is rejecting your parents. A wise parent understands that and lets you do it. Others make it difficult and try to make their problems your problems. And when you won't take them, they can get angry with you and find fault with you, which seems to be what your father is doing.

Don't let anyone take your power away from you.

This problem of yours is probably less about trading than about you making a decision to stand on your own two feet and saying 'this is my life, this is how I'm going...

another point is your father doing what he is doing is actually destroying your chances at this buy him "trading in the zone" and u read it as well...i keep reading 2 chapters and putting it away..i will read it inside out this weekend
  • #174,066
  • Oct 8, 2009 3:33am Oct 8, 2009 3:33am
Quoting nAVIN2007
almost every in here is: i think u have to be to do this: u are never 100% if u are then u likely definately wrong, tell yur father, he has a lot of bad habits and is lossing so why must i follow the path and lose as well..tell him to explain to u..he will be ashammed and leave u to trade...

u are being cruel to be kind..

u will then change his habbits hopefully cause coming from u that will be a blow (knockout punch!)

your father probably has very little regard for mm, believe i think it is the difference between success and failure...
Yea i will give him a knock out punch when he is bothering my plan again. I have enough hard time with him. When my patience is running out, i will sent that line

thanks for the input bro!
  • #174,067
  • Oct 8, 2009 3:33am Oct 8, 2009 3:33am
Quoting Alison
Hello Crackberry,

Some thoughts.

Part of growing up is rejecting your parents. A wise parent understands that and lets you do it. Others make it difficult and try to make their problems your problems. And when you won't take them, they can get angry with you and find fault with you, which seems to be what your father is doing.

Don't let anyone take your power away from you.

This problem of yours is probably less about trading than about you making a decision to stand on your own two feet and saying 'this is my life, this is how I'm going...
Hi Alison,

Did you get in on the nice long this morning on cable?

Couple of false moves prior to the push north, but would have been a sweet trade...if only I had been on the back of it, had a serious lack of trust in though!
  • #174,068
  • Oct 8, 2009 3:35am Oct 8, 2009 3:35am
Quoting GlobalMacro
hey there,

OMG!!!! this sounds like severe emotional abuse done thru forex trading....

find a job
move out as soon as you can
and if you still really wanna trade
do it on your own

All The Best To You!
I that kind of advise is expected of GM. Why am i not surprise????

You still stay'n out?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,069
  • Oct 8, 2009 3:38am Oct 8, 2009 3:38am
Quoting bbmac
That 50% of this 5972-6071 move up is also 23.6% 5857 (y/day's lo) -6071 (today's current Hi)

G/L

Hadnt spotted that, thanks!

That gives it a little more strength!
Problem is time, I need it to get there in the next twenty to thirty mins, or I may stay out, dont want to be in at midday, my feelings is we could be being set up for a potential fall, that all of course depends on news...dont want to take a chance on it!

Had a bad last two trades, so feeling a little under pressure on this one, for no other reason other than I dont like a losing streak!
  • #174,070
  • Oct 8, 2009 3:38am Oct 8, 2009 3:38am
Quoting antic81
Hi Alison,

Did you get in on the nice long this morning on cable?

Couple of false moves prior to the push north, but would have been a sweet trade...if only I had been on the back of it, had a serious lack of trust in though!
Hi Antic,

No, which was a shame. I was busy wondering if a top was forming ( 3 rejections of 6005 on the 15 minute chart) and so looking in the wrong direction!

I'm often caught out by looking in the wrong direction.

Alison
  • #174,071
  • Oct 8, 2009 3:39am Oct 8, 2009 3:39am
Quoting Bull_Bear
I that kind of advise is expected of GM. Why am i not surprise????

You still stay'n out?
im in and getting it right now...the 4hr in the wedge got me..if theres a chance this some b**ch goes to break the low i wanna be in it..

i have ignored the wedge, i think the news may make the difference here..i entered (0.01)...LOL
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  • #174,072
  • Oct 8, 2009 3:41am Oct 8, 2009 3:41am
see you @5300
Thank You
  • #174,073
  • Oct 8, 2009 3:44am Oct 8, 2009 3:44am
Quoting Bull_Bear
What you see on my charts is how I trade... My rules are:

1. enter on support / resistance, fib levels
2. trend lines
3. previous support / resistance levels

Keep it simple.... I trade purely on my charts and that's it....

What time frames do you favor? Hour or 4 Hour?
90% LOSE, 10% WIN!!!!
  • #174,074
  • Oct 8, 2009 3:44am Oct 8, 2009 3:44am
welldone t

for getting yourself out of the mess, but u need to give yourself a slap bro!..trading with emotion to the max and 1 lot buy into resistance, that could have been an account blow and no stop loss..

need to use stop loss my brother! ..good job getting out thou
  • #174,075
  • Oct 8, 2009 3:45am Oct 8, 2009 3:45am
Quoting nAVIN2007
im in and getting it right now...the 4hr in the wedge got me..if theres a chance this some b**ch goes to break the low i wanna be in it..

i have ignored the wedge, i this the news may make the difference
She's not going south any time soon bro... no real selling pressure till 1.6140.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,076
  • Oct 8, 2009 3:46am Oct 8, 2009 3:46am
Quoting Alison
Hi Antic,

No, which was a shame. I was busy wondering if a top was forming ( 3 rejections of 6005 on the 15 minute chart) and so looking in the wrong direction!

I'm often caught out by looking in the wrong direction.

Alison

Dont worry I end up doing that too, sometimes I over analyse the situation and suffer from PBA ( paralysis by Analysis) find a million excuses not to enter in a direction only to see a beautiful move in that direction!

Although sometimes that works in my favour as well, not jumping in to early, trading is such a psychological game!
  • #174,077
  • Oct 8, 2009 3:48am Oct 8, 2009 3:48am
Quoting nAVIN2007
im in and getting it right now...the 4hr in the wedge got me..if theres a chance this some b**ch goes to break the low i wanna be in it..

i have ignored the wedge, i this the news may make the difference

Good luck Navin you could be on to a winner. I've come out of my trade for the time being- hoping to re-enter higher. My instinct tells me that this has got to spike higher before it's able to fall again. But instinct is all I've got to go on for the time being... bring on the news!
  • #174,078
  • Oct 8, 2009 3:48am Oct 8, 2009 3:48am
Quoting wormboy
see you @5300
Your a laugh... join you once she hits 1.6140
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,079
  • Oct 8, 2009 3:49am Oct 8, 2009 3:49am
gREETINGS , im glad to meet this board, reading for 2days n' its getting me cool some nervios moments ))

2 nAVIN2007
short same way, i think it will be 200k,not 175k in news... well, i hope its gona be so ,if not bye-bye moneys
  • #174,080
  • Oct 8, 2009 3:50am Oct 8, 2009 3:50am
Quoting player2345
What time frames do you favor? Hour or 4 Hour?
yes
Veni, Vidi, Vici (We came, we saw, we conquered)
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