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Cable Update (GBPUSD)

  • #183,841
  • Nov 18, 2009 11:43pm Nov 18, 2009 11:43pm
Quoting DubaiFX
If uk retail sales came below 0.06 expectation gu will tank to 16560
I concur. It's being propped up by hopes for strong numbers, otherwise it would already be around 40 pips lower than where it is now. I actually think that if it comes in anywhere under 1%, it will sell off (maybe not right away). If it's much lower, the selloff will be brutal, to take it under 1.65.
  • #183,842
  • Nov 18, 2009 11:49pm Nov 18, 2009 11:49pm
1.6685 is a major support because it is top of dailies in October 2009.

So if it breaks this support, it will move.
  • #183,843
  • Nov 18, 2009 11:54pm Nov 18, 2009 11:54pm
Quoting DubaiFX
no bro i ma holding short from 6530 as i said before
stilll holding
i hold pairs for 500 pips also
it depends
bro buti am not here to argue i am here to share ideas
i dont lie here is live statement check the floating loss bro
i am still holding and will hold till 16400 first target then 16265
i will post again when i iwll close trade bro its real account
take care bro have funn
can u show my ur statement ???
Sorry mango, not here to compare dick sizez, but I think you have said it all here...

Your call was from 6530.

Now how can you think to call a short off of any calendar event if you have let price slip past you by 300 pips?

Where is the logic?

There is no basis for your target nor any analysis that backs it up, so it is a guess, and perhaps another 300 pip loss guess.

Now your target, second issue...

You will hold for 1.64.
Aight...lets go this way....You took short @ 1.6530 waiting to make 130 pips, simple math, 1.6530-1.64=.013=130pips....I think I understand so far right?

Anyways...

Long price came to 1.6874. So, lets go with your trade logic.

You have held @ a loss from 1.6530 to 1.6874 losing a possible 344 pips for the aim at gaining 130.

Really?

Now, I admire your ability to hold, and stick to your guns, but what if we hit break even and sky rocket? How long will you have waited for profit.

It is hard to forecast the immediate future, don't believe me? Try forecast the next candle on the 1 m chart, track your results....

Lets go into where you are playing against the trend and have guessed top....Now, you have obviously thought we topped @ 1.6530 or your would not have entered, how many more tops have we seen? Now heres the next tricky question, how many more will we see?

Again, I don't wanna compare accounts, there really is no point. I can tell you that I will and have called plays on a daily basis that will net me more pips than you have since the 5th of this month. I have traded over 1100 lots this month and have a 74% win ratio. Lets pretend I was trading dimes, would I be ahead of you?

Arrogance is not required to trade, you are on a winning track in trying to learn. Challenging people in placement, you have none.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,844
  • Nov 19, 2009 12:06am Nov 19, 2009 12:06am
Quoting djambazov84
yes it comes from esignal
and Advanced Get is the shit. The EW software picks the waves pretty damn good.
i got 3 things

Advanced GET RT for TS2000i

Forexite QuoteRoom

Omega Research ProSuite 2000i SP5

but i do not know how to operate them, i need help from someone who has used these.
  • #183,845
  • Nov 19, 2009 12:11am Nov 19, 2009 12:11am
Hey Nav,
moved to BE

Peter
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Jesus Christ is my only Lord !
  • #183,846
  • Nov 19, 2009 12:13am Nov 19, 2009 12:13am
Quoting Magix
Sorry mango, not here to compare dick sizez, but I think you have said it all here...

Your call was from 6530.

Now how can you think to call a short off of any calendar event if you have let price slip past you by 300 pips?

Where is the logic?

There is no basis for your target nor any analysis that backs it up, so it is a guess, and perhaps another 300 pip loss guess.

Now your target, second issue...

You will hold for 1.64.
Aight...lets go this way....You took short @ 1.6530 waiting to make 130 pips, simple math, 1.6530-1.64=.013=130pips....I...
Quoting Magix
Uh....you been a long termer on the bear shorting thing, and as far as goes, Nav called short like 1100 pips ago, but, in your defense, you were seriously strong since like before the last NFP?

Calling short because you wanna be first on the list, no merit my friend....

When you call it this often, you are bound to one day be right...and by right, I mean only for RIGHT now...
http://cdn.forexfactory.com/attachme...1&d=1258549367

that is why i like u the most....n perhaps i will not recieve any email for life line going to hit 2-3week -ve floating target...while PA at ...mmm

p/: learning process never end. it's every day and am not sure about the rest..but that is mine
  • #183,847
  • Nov 19, 2009 12:13am Nov 19, 2009 12:13am
Out long @ resistance....

+42, 2 lots...

Nothing huge, but for what we have been playing with, I got only one thing to say, CHA CHING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,848
  • Nov 19, 2009 12:14am Nov 19, 2009 12:14am
2 charts, make your own read
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  • #183,849
  • Nov 19, 2009 12:21am Nov 19, 2009 12:21am
Quoting forexlion
2 charts, make your own read
second chart scalp hit tp scalp long closed
  • #183,850
  • Nov 19, 2009 12:23am Nov 19, 2009 12:23am
Show me the Money...
  • #183,851
  • Nov 19, 2009 12:24am Nov 19, 2009 12:24am
..come 2.3? catch u guys later in few min
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  • #183,852
  • Nov 19, 2009 12:27am Nov 19, 2009 12:27am
Dammit, I suck!

I exited with waaaaaaaaaaaaaaaay to little profit...

I bow down to the better players...

I guess the dog thing worked a little better then I thought it would...

I am hitting that shiznizzle like a fat kid on a smartie come open NY session kiddies, you best be on my side....

OR THE DOG GETS IT!

Buwahahahahahahahh
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,853
  • Nov 19, 2009 12:28am Nov 19, 2009 12:28am
Quoting forexlion
second chart scalp hit tp scalp long closed


Ma!! Where are we going to... Don't know but clicked BUY and I UP +30pips...
  • #183,854
  • Nov 19, 2009 12:30am Nov 19, 2009 12:30am
Quoting Magix
Sorry mango, not here to compare dick sizez, but I think you have said it all here...

Your call was from 6530.

Now how can you think to call a short off of any calendar event if you have let price slip past you by 300 pips?

Where is the logic?

There is no basis for your target nor any analysis that backs it up, so it is a guess, and perhaps another 300 pip loss guess.

Now your target, second issue...

You will hold for 1.64.
Aight...lets go this way....You took short @ 1.6530 waiting to make 130 pips, simple math, 1.6530-1.64=.013=130pips....I...

i am not ideot bro i hedged bro
anyways waht about this
6250 pips
i dont lie i trade bro
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Don't compare your Trades with Others
  • #183,855
  • Nov 19, 2009 12:41am Nov 19, 2009 12:41am
Quoting Magix
Dammit, I suck!

I exited with waaaaaaaaaaaaaaaay to little profit...

I bow down to the better players...

I guess the dog thing worked a little better then I thought it would...

I am hitting that shiznizzle like a fat kid on a smartie come open NY session kiddies, you best be on my side....

OR THE DOG GETS IT!

Buwahahahahahahahh



fired up!! U might loose it soon. Son, U walking into a line of Fire... So Blah! Blah! will soon be yak! yak!
  • #183,856
  • Nov 19, 2009 12:43am Nov 19, 2009 12:43am
Now up, then will sell it near 1.6749
  • #183,857
  • Edited 12:55am Nov 19, 2009 12:49am | Edited 12:55am
DubaiFx,
I respect all sides always, styles as well.

But I have one question for you.

Why hold a losing trade, (500 pips red) to wait, IF, it comes back to profit?
Even if this is a multi million dollar account and you are adding pips per lot per position, still.

I can only suggest, instead of drawing down, or entering position that goes 500 pips below the following;

Stop, before you trade Do further analysis, then enter, short or long, no difference.

Short/long some of these draw down trades, *do the opposite of why you take them) THEN, when you feel the 500 limit is met, go long or short, to ride UP 300+ pips.
---- This way you can make money on the up and down. Hedging is fine. But too much hedging = a break even most of the time. Then we can range for days... and break.
Why not be on the right side from the get go.

Lastly, Take profit! Maybe you enter and reach 100 pips and are not satisfied... Well, chances are sooner or later that trade can and will move against you.. Why not close at 75 pips instead of 100 OR rather 500 negative?

In other word risk 100 to make 50 not the reverse, right, bro?

500 pips is more than enough to have a major trend reversal that the swing traders will get on. If it continues against you, 500 turns to 1000 easily.

Just my two cents, you seem dedicated, just trying to look out a bit, that's all.
X-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #183,858
  • Nov 19, 2009 12:53am Nov 19, 2009 12:53am
Quoting Reznik
fired up!! U might loose it soon. Son, U walking into a line of Fire... So Blah! Blah! will soon be yak! yak!
I have no Idea what you are saying, but you seem really excited about it, so....

GO REZ GO!

I cheer you on my friend!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,859
  • Nov 19, 2009 12:56am Nov 19, 2009 12:56am
Quoting XTrade
DubaiFx,
I respect all sides always, styles as well.

But I have one question for you.

Why hold a losing trade, (500 pips red) to wait, IF, it come back to profit?
Even if this is a multi million dollar account and you are adding pips per lot per position, still.

I can only suggest, instead of drawing down, or entering position that goes 500 pips below the following;

Stop, before you trade...
Well worded and great words of advice.

I know we too can sit differently when comes to trading, but at the same time both hope to prosper, if ever I have offended, I would wish you to know that I respect your ability as a trader, and hope the best to your future.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,860
  • Nov 19, 2009 12:56am Nov 19, 2009 12:56am
Quoting XTrade
DubaiFx,
I respect all sides always, styles as well.

But I have one question for you.

Why hold a losing trade, (500 pips red) to wait, IF, it come back to profit?
Even if this is a multi million dollar account and you are adding pips per lot per position, still.

I can only suggest, instead of drawing down, or entering position that goes 500 pips below the following;

Stop, before you trade...
The way he use too risky ,He know the direction of trend but need Better entry and exit point will solve this high risk.
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