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Cable Update (GBPUSD)

  • #186,261
  • Dec 7, 2009 3:15pm Dec 7, 2009 3:15pm
This is what I see
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  • #186,262
  • Dec 7, 2009 3:29pm Dec 7, 2009 3:29pm
Quoting Baby-Trader
I need to ask a Question.
Who will be able to target and make consistent 25% profit of an account balance monthly?

In my demo account I was able to make 40 - 110% for six months. Basically just following the trend and not being afraid to flip flop if I chose the wrong direction. Last month on my real account I made 223% mostly because I was overleveraging and got lucky but so far this month I am up 13% with the same risk as I was using on my demo.

I dont believe it is unheard of to make 25% monthly consistantly you just have to accept the fact that you will not be right all the time and use proper money management so you can live to trade another day.
  • #186,263
  • Dec 7, 2009 4:27pm Dec 7, 2009 4:27pm
Pending Long @ 1.6395 SL 1.63 TP @ 1.6850.

Don't Follow me
  • #186,264
  • Dec 7, 2009 4:42pm Dec 7, 2009 4:42pm
long tp6600
FUTURE OF MX
  • #186,265
  • Dec 7, 2009 5:11pm Dec 7, 2009 5:11pm
long tp 2.0000
Blogging daily now at www.volume.zone
  • #186,266
  • Dec 7, 2009 6:00pm Dec 7, 2009 6:00pm
Quoting malcolmb14
long tp 2.0000
lol you're aiming to low man, you gotta be in it or with it or w/e it to win it! 3.0000 or nothing!
  • #186,267
  • Dec 7, 2009 7:25pm Dec 7, 2009 7:25pm
Morning everybody...got a gud night sleep last night, +140pips...just gone long with TP at 1.6510. Happy trading.
  • #186,268
  • Dec 7, 2009 7:32pm Dec 7, 2009 7:32pm
Britain was the world's fourth-largest economy in 2005, but was overtaken by China in 2006, France in 2008 and Italy in 2009, leaving the country in seventh position, according to a report by the Centre for Economics and Business Research

The report said that the UK could drop to 11th place by 2015, if current economic and population growth and exchange rate trends continue
  • #186,269
  • Dec 7, 2009 7:33pm Dec 7, 2009 7:33pm
2 entry hit SL @ BE+50 where already cover my last week losses.

n now last entry in +profit where i did lock it at BE+1000

http://www.forexfactory.com/showpost...&postcount=134

Once reach 1.6500 area, i may close it or trail adjust to 250pips

Good luck all

Detail GU n GY pls welcome n visit my blog as per below signature
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  • #186,270
  • Dec 7, 2009 8:29pm Dec 7, 2009 8:29pm
ive been in a short trade since last night when cable hit 1.6463... 19 pips + so far noticed bullish momentum declining... hope it goes lower
  • #186,271
  • Dec 7, 2009 9:11pm Dec 7, 2009 9:11pm
currently usdx price is testing pivot point.
if fail to break the pivot point, we know what this mean to the usd pair right?
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  • #186,272
  • Dec 7, 2009 9:22pm Dec 7, 2009 9:22pm
Quoting thetruthspy
currently usdx price is testing pivot point.
if fail to break the pivot point, we know what this mean to the usd pair right?

Looks like your chart shows a bearish divergence...Maybe it will go down some more at the next support...
Never Stop Learning...
  • #186,273
  • Dec 7, 2009 9:27pm Dec 7, 2009 9:27pm
I downloaded the forex limited platform and still don't see the usdx option for a chart....can anyone help?
  • #186,274
  • Dec 7, 2009 9:28pm Dec 7, 2009 9:28pm
I think in order for this to go long it will need to break 1.6500 clean...and currently all I see is a down trend.
  • #186,275
  • Dec 7, 2009 9:31pm Dec 7, 2009 9:31pm
Quoting chonyc
Looks like your chart shows a bearish divergence...Maybe it will go down some more at the next support...
im thinking of free drop to 75.00 area....
might be wrong though...
  • #186,276
  • Dec 7, 2009 9:34pm Dec 7, 2009 9:34pm
Quoting Scrmnegl
I think in order for this to go long it will need to break 1.6500 clean...and currently all I see is a down trend.
will go to test 1.6500 level soon today...
i will put a better watch on it.....
by the way im buying now with SL at 1.6410....
any comment?
  • #186,277
  • Dec 7, 2009 9:37pm Dec 7, 2009 9:37pm
Quoting Scrmnegl
I downloaded the forex limited platform and still don't see the usdx option for a chart....can anyone help?
pm me...
  • #186,278
  • Dec 7, 2009 9:41pm Dec 7, 2009 9:41pm
Quoting thetruthspy
will go to test 1.6500 level soon today...
i will put a better watch on it.....
by the way im buying now with SL at 1.6410....
any comment?
Price has held hourly support, all sales being bought back up. Price has been in channel for 11 hours now, correcting OSMA on the 4hr to come near a positive position(Bullish sign). Though we are below support on the 4hr chart, it might just be a matter of time, and with the way we have been playing, we are no sooner confirmed off the 4hr to make a turn to the southside, with the vice versa action going on...hard to make a determination off of just the cable chart.

We are between support and resistance ranges on the 30m-1m time frames, but as we haven't lost support on the long side 1hr, it seems more practical then going short.

Personally, I am waiting for it to break channel. Have scalped for chump change a couple of times, as the channel narrows, I will wait for a break and jump in with both feet.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,279
  • Dec 7, 2009 9:55pm Dec 7, 2009 9:55pm
Quoting thetruthspy
im thinking of free drop to 75.00 area....
might be wrong though...
Yup that's a good support...maybe that is why GU and EU is showing some bullish convergence of stoch & rsi on the H1 chart...hopefully this will carry out..
Never Stop Learning...
  • #186,280
  • Dec 7, 2009 10:30pm Dec 7, 2009 10:30pm
closed long position for +22 pips.... Gud start for the day. Waiting for signs to go long. Go Bulls...
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