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Cable Update (GBPUSD)

  • #174,421
  • Oct 8, 2009 11:15am Oct 8, 2009 11:15am
Short 1.6100, SL + 8 pips, target 1.6006, turn off computer and go bed ! See you all tomorrow !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #174,422
  • Oct 8, 2009 11:18am Oct 8, 2009 11:18am
what's this anyway ?

looks like my bum

http://cdn.forexfactory.com/attachme...1&d=1255023809
  • #174,423
  • Oct 8, 2009 11:18am Oct 8, 2009 11:18am
Tau,

I think we should all just start doing the exact opposite of what we think we should do. When you want to buy, sell instead and vice versa. This pair has driven me nuts this week. The range, the slow motion and all the non sense movment. Arghh!!

The Sky is the Limit!
  • #174,424
  • Oct 8, 2009 11:21am Oct 8, 2009 11:21am
sorry was for Ifty
  • #174,425
  • Oct 8, 2009 11:22am Oct 8, 2009 11:22am
Quoting nAVIN2007
oh crap that bring back memories
all them green candles and what do i do sell.....its unbelieveable isnt it

holly shit we are retracing.....woot!!!!!!!!!!
Hello ALL, nAVIN Bro hw r u doing today?I came from my work to see UPP move.
1-Most pairs go up against us$ nice we ARE IN REcovery
2-DownJ - SP And stock market ALL UP, Yeah things go to be better recovery
2- US can export much and jobs will be available
Are we really in recovery?
Still waiting to go short ,Will be watching G/u @1.6050
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  • #174,426
  • Oct 8, 2009 11:28am Oct 8, 2009 11:28am
Quoting ahlamo
Tau,

I think we should all just start doing the exact opposite of what we think we should do. When you want to buy, sell instead and vice versa. This pair has driven me nuts this week. The range, the slow motion and all the non sense movment. Arghh!!

I know what u mean but dont lose faith now..
  • #174,427
  • Oct 8, 2009 11:33am Oct 8, 2009 11:33am
Quoting allserene
what's this anyway ?

looks like my bum

http://cdn.forexfactory.com/attachme...1&d=1255023809
It is the most peaceful picture for me.

Cheers^^
  • #174,428
  • Oct 8, 2009 11:34am Oct 8, 2009 11:34am
Quoting ahlamo
Tau,

I think we should all just start doing the exact opposite of what we think we should do. When you want to buy, sell instead and vice versa. This pair has driven me nuts this week. The range, the slow motion and all the non sense movment. Arghh!!

Good day to you,

Yip, but the actual problem is this: We tend to quickly cut our winners, but hold onto our wrong trades. Giving the impression that we continuously lose. By turning this around, we will have the same result...as it is a mental issue.

We just need to get better at taking positions. I have seen this week, that your initial entry is of utmost importance.... like BBmac said: do not enter in the middle of nowhere. Pick the entries and manage them from thereon...

I had an "off" week - out of sinc, as it were...

But I am more determined than ever.

I wish you awesome results and only the best

My highest regards
  • #174,429
  • Oct 8, 2009 11:42am Oct 8, 2009 11:42am
Quoting TauTrader
Good day to you,

Yip, but the actual problem is this: We tend to quickly cut our winners, but hold onto our wrong trades. Giving the impression that we continuously lose. By turning this around, we will have the same result...as it is a mental issue.

We just need to get better at taking positions. I have seen this week, that your initial entry is of utmost importance.... like BBmac said: do not enter in the middle of nowhere. Pick the entries and manage them from thereon...

I had an "off" week - out of sinc, as it were...

But I am more...
I do agree with you. The more i fail, the more i push myself to be good at this business. I have a lot of pressure on me to make this work. It have to work actually if not, i think i will die at younger age. LOL.

Get Up There or Die Trying.
  • #174,430
  • Oct 8, 2009 11:45am Oct 8, 2009 11:45am
Quoting egkid
Hello ALL, nAVIN Bro hw r u doing today?I came from my work to see UPP move.
1-Most pairs go up against us$ nice we ARE IN REcovery
2-DownJ - SP And stock market ALL UP, Yeah things go to be better recovery
2- US can export much and jobs will be available
Are we really in recovery?
Still waiting to go short ,Will be watching G/u @1.6050

im ok brother just got a few blows from cable i went short instead of long...hehe
  • #174,431
  • Oct 8, 2009 11:46am Oct 8, 2009 11:46am
Quoting TauTrader
En ek het vir julle gesę die volgende 2 bars sal vir julle 'n indikasie gee of ons afgaan of opgaan...

Ek hoop regtig ding werk uit vir julle

Vasbyt, manne en maninne!

Groetnis vanuit leeuwęreld

Ek
What is that,.I think the market is now ranging between 1.6125-1.6010.A break to any side will likely determine the immediate direction tomorrow.
  • #174,432
  • Oct 8, 2009 11:47am Oct 8, 2009 11:47am
Cool, just turned the charts back on and still alive. Don't know for how long but hopefully that test of 6120ish was it and she'll fall like a good cable now....
Ghost Rider - WWTBMD?
  • #174,433
  • Oct 8, 2009 11:53am Oct 8, 2009 11:53am
when we get a new set of pivots then i'm long again. Its looking extended now. right now i'm out until the day closes. New pivots, new limits.
  • #174,434
  • Oct 8, 2009 11:56am Oct 8, 2009 11:56am
Quoting albchr
Cool, just turned the charts back on and still alive. Don't know for how long but hopefully that test of 6120ish was it and she'll fall like a good cable now....
Yip, I do hope the retracement down continues for some time....

Told the okes that the next two 1hr bars would tell direction and/or bring relief. (those are just about over) I got out a while ago. Survived, but not pleasant....

PA, for me, was a martherfarger this week. You must remember I come from a 1000 indicator per chart background....Soo.. difficult to say the least.

Wish you profits

Regards
  • #174,435
  • Oct 8, 2009 11:57am Oct 8, 2009 11:57am
a close below 1.6050 when the new day starts then i'm a bear.
  • #174,436
  • Oct 8, 2009 11:59am Oct 8, 2009 11:59am
I do not know if you guys have ever tried or would be interested but I have just set up a live chat room for traders and wondering if anyone here would be interested in joining.It is simple to set up and it is FREE !!Send me a private message if you are and I will help you get started.
Please ask questions and share your experiences with us all!
  • #174,437
  • Oct 8, 2009 12:03pm Oct 8, 2009 12:03pm
Hi guys,

This is the first time that I am writing on this thread. I joined you guys about a month ago, invested $700 and with the knowledge gained from jacko and j16 and following this thread, I turned that into $3600. I only immitated what you guys showed on your charts, picking your points and looking those on my charts and if I was convinced I traded. The most important thing I learned from this thread are three main points;

- you should have nerves of steel and your money management should be calculated before you decide to invest the amount
- if you have made a mistake, just get out asap without thinking twice, its better to loose some instead of loosing everything, the market will still be there and will give you the chance to recover.
- If you suffer a loss just write down the reasons that you based for that trade, close down the trading platform, and after sometime think about it. I personally found that most of the time the reasoning was based on my assumptions and not what the market was telling.

These points I had read on james and jackos thread, but the true sense I got while following you guys on this thread.

Hats up to you guys.
  • #174,438
  • Oct 8, 2009 12:08pm Oct 8, 2009 12:08pm
Quoting nAVIN2007
im ok brother just got a few blows from cable i went short instead of long...hehe
Last days we keep seening 4h and daily bearish and it goes up today!!
Now if we close here today that wil looks somehow bullshit
I will short but i will take another look after cup of english Tea
  • #174,439
  • Oct 8, 2009 12:08pm Oct 8, 2009 12:08pm
Quoting mkashifk
Hi guys,

This is the first time that I am writing on this thread. I joined you guys about a month ago, invested $700 and with the knowledge gained from jacko and j16 and following this thread, I turned that into $3600. I only immitated what you guys showed on your charts, picking your points and looking those on my charts and if I was convinced I traded. The most important thing I learned from this thread are three main points;

- you should have nerves of steel and your money management should be calculated before you decide to invest the amount
-...
Well done for accomplishing what you have set out to accomplish. Keep up the great work bro.
You've got to be IN IT to WIN IT!
  • #174,440
  • Oct 8, 2009 12:13pm Oct 8, 2009 12:13pm
Quoting mkashifk
Hi guys,

This is the first time that I am writing on this thread. I joined you guys about a month ago, invested $700 and with the knowledge gained from jacko and j16 and following this thread, I turned that into $3600. I only immitated what you guys showed on your charts, picking your points and looking those on my charts and if I was convinced I traded. The most important thing I learned from this thread are three main points;

Hats up to you guys.
Well Done mate
How much u risk per 1 trade?
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