Anybody have a nice Fib Indi to share, the once that I got does not really look/work good?
tx
M&M
tx
M&M
Cable Update (GBPUSD)
- #175,362
- Oct 13, 2009 1:58am Oct 13, 2009 1:58am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #175,363
- Oct 13, 2009 2:01am Oct 13, 2009 2:01am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hey bud,
Yip, pretty much exactly the same, 4 HR as a reference and M5 as an entry.
Only thing is I am a scalper, with an innitial target of just 30 pips, then I look to see what kind of momentum we have at that point, then 40 pips if its good and if its really good I may push the boat out and go for 50! These are small trades in comparison to WB and a lot of others including yourself, I run a tight stop of just 20 pips and try to take 40 more times than not.
Right now I am looking seriously at a short, however waiting for a nice little retrace...
you are doing great by the looks of it.
Thank You 
- #175,364
- Oct 13, 2009 2:09am Oct 13, 2009 2:09am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Buyers beware crash is imminent...
Thank You
- #175,365
- Oct 13, 2009 2:10am Oct 13, 2009 2:10am
hi ant,
you are doing great by the looks of it.
Thanks bud!
Not really, its all about the strike rate really, made £250 last month, wanting to make atleast £300 this month...only on £90 so far so need some good ones still!
Started using Fibs more than breakouts now and I seem to be enjoying that a lot more, exercising more patience, if I see something and then you or BB or GM see something else, always makes me have a rethink and sit on my hands, you chaps are a lot of help!
Everyday try to learn something new, the main thing that does not change is my risk, never more than 2% of my account on any single trade, really need to get that strike rate closer to the 70% mark, sitting on around 60 at the moment, which is not really good enough!
You in a short, what target you on for?
- #175,366
- Oct 13, 2009 2:14am Oct 13, 2009 2:14am
- Joined Mar 2009 | Status: FX | 3,789 Posts
all about the benjamins bb
Veni, Vidi, Vici (We came, we saw, we conquered)
- #175,367
- Oct 13, 2009 2:15am Oct 13, 2009 2:15am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Buyers beware crash is imminent...
- #175,368
- Oct 13, 2009 2:16am Oct 13, 2009 2:16am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
nicely put
- #175,369
- Oct 13, 2009 2:18am Oct 13, 2009 2:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hey buddy!..good to see u
- #175,370
- Oct 13, 2009 2:20am Oct 13, 2009 2:20am
- Joined Mar 2009 | Status: FX | 3,789 Posts
nicely put
Veni, Vidi, Vici (We came, we saw, we conquered)
- #175,371
- Oct 13, 2009 2:22am Oct 13, 2009 2:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Thanks bud!
Not really, its all about the strike rate really, made £250 last month, wanting to make atleast £300 this month...only on £90 so far so need some good ones still!
Started using Fibs more than breakouts now and I seem to be enjoying that a lot more, exercising more patience, if I see something and then you or BB or GM see something else, always makes me have a rethink and sit on my hands, you chaps are a lot of help!
Everyday try to learn something new, the main thing that does not change is my risk, never more than 2% of my account...
- #175,373
- Oct 13, 2009 2:25am Oct 13, 2009 2:25am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
NAV bro, your bag of pips must be getting bigger and bigger as more and more momentum builds for this short move.
so far just sticking to plan brother!nice to see u on the short as well always encouraging to know a fellow respected trader on the same submarine
- #175,375
- Oct 13, 2009 2:27am Oct 13, 2009 2:27am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #175,377
- Oct 13, 2009 2:28am Oct 13, 2009 2:28am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thanks bud!
Not really, its all about the strike rate really, made £250 last month, wanting to make atleast £300 this month...only on £90 so far so need some good ones still!
Started using Fibs more than breakouts now and I seem to be enjoying that a lot more, exercising more patience, if I see something and then you or BB or GM see something else, always makes me have a rethink and sit on my hands, you chaps are a lot of help!
Everyday try to learn something new, the main thing that does not change is my risk, never more than 2% of my account...
Here's a tip my friend, everyone has different things to say about the same thing sometimes & it seems like you've got a good thing going. Don't change it. Doing so will just set you many steps back.
Short target is 5300. Unless I see a reversal on the high tf of course.
Good luck with your trading buddy!
Thank You
- #175,379
- Oct 13, 2009 2:29am Oct 13, 2009 2:29am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
hey buddy!..good to see u
- #175,380
- Oct 13, 2009 2:30am Oct 13, 2009 2:30am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)