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Cable Update (GBPUSD)

  • #187,061
  • Dec 10, 2009 3:04pm Dec 10, 2009 3:04pm
Quoting qaisf
i took one at 6244 thinkin if i should hold on longer or just exit with 25 odd pips...
As far as I am concerned...

We haven't cleared into safety on the hourly yet, so still small bites for me.

I assume nothing, especially a trend change @ the Close of NY session.

Couple here n there is all good for me though.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,062
  • Dec 10, 2009 3:45pm Dec 10, 2009 3:45pm
Quoting Baby-Trader
Let's make a servey.

Are you profiting from trading since you opened your account?

I'm Still learning the trading secrets.
I opened a 7000$ account 5 months ago.
now it is 4500
but in somtime I reached to 8500$
My 24hour stats....

31 trades -
8 losers
Net +452
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,063
  • Dec 10, 2009 4:03pm Dec 10, 2009 4:03pm
The Secrets to Emotion Free Trading by Larry Levi.

Very Very Very Very Very Very helpful

I see myself inside it.

read it seriously

this has been sent previously by Direct Trader.
Thanks DT
Attached File(s)
File Type: pdf The Secrets to Emotion Free Trading by Larry Levi.pdf   484 KB | 331 downloads
  • #187,064
  • Dec 10, 2009 4:07pm Dec 10, 2009 4:07pm
Quoting Baby-Trader
Let's make a servey.

Are you profiting from trading since you opened your account?

I'm Still learning the trading secrets.
I opened a 7000$ account 5 months ago.
now it is 4500
but in somtime I reached to 8500$

The key to success is finding a system that works for you and being disciplined in how you trade it and your money management. I started out hopping system to system and not being that smart with my money management and always trying to jump in early when I thought things were setting up and got burned. Now I'm trading full time to support wife and 3 kids. I try to find any reason to not make a trade and wait for the best set-ups. Since changing my bad habits life has been pretty good.
  • #187,065
  • Dec 10, 2009 4:18pm Dec 10, 2009 4:18pm
It is very obvious, if H4 candle closed above 1.6305 we will see an UP move
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 63 KB
  • #187,066
  • Dec 10, 2009 4:34pm Dec 10, 2009 4:34pm
i wont a copy from "the greates trade ever" book

if any one have it please attach it here
thanks for help
  • #187,067
  • Edited 5:14pm Dec 10, 2009 4:46pm | Edited 5:14pm
Quoting Baby-Trader
It is very obvious, if H4 candle closed above 1.6305 we will see an UP move

Using three different methods I have 1.6315 as first signal, 1.6330 as second and 1.6345 as the final confirmation of a long signal.

First is 89sma, second is triangle TL and third is swing high.
"Timing Is Everything. Really I Swear It Is"
  • #187,068
  • Dec 10, 2009 6:12pm Dec 10, 2009 6:12pm
2 crucial levels to clear and hold IMO....

15m chart 1st
4hr chart 2nd
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu4.GIF Size: 35 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,069
  • Dec 10, 2009 6:21pm Dec 10, 2009 6:21pm
mt5
  • #187,070
  • Dec 10, 2009 6:32pm Dec 10, 2009 6:32pm
[quote=Magix;3297988]2 crucial levels to clear and hold IMO....

15m chart 1st
4hr chart 2nd[/quote

do you think cable will eventually move lower, after higher lows we are getting past couple days, i'm starting to shift towards long side, every low is bought by asian banks and china (as deutche bank and some other brokers). At the moment if we are looking at stoch's which show that were should be a move lower, also by eur/gbp. i have a small short at 6285 with tight sl
  • #187,071
  • Dec 10, 2009 7:04pm Dec 10, 2009 7:04pm
Nice, going from 1K to 300K after 4 blown accounts shows you stuck to it and succeeded in the face of adversity. Congrats.
Quoting BiggerPips
i started trading back in early 2004, i blew about 10 account from 2004 to 2006, then my trading skills got better, i went from 1k account to well over 300k by 2009, so it can happen.
  • #187,072
  • Dec 10, 2009 7:21pm Dec 10, 2009 7:21pm
[quote=Endrju;3298013]
Quoting Magix
2 crucial levels to clear and hold IMO....

15m chart 1st
4hr chart 2nd[/quote

do you think cable will eventually move lower, after higher lows we are getting past couple days, i'm starting to shift towards long side, every low is bought by asian banks and china (as deutche bank and some other brokers). At the moment if we are looking at stoch's which show that were should be a move lower, also by eur/gbp. i have a small short at 6285 with tight sl
It's hard to say....

I would like to see a bottom over the next few hours going into London...I think we would have a chance at a capitulation bounce if we can get enough energy...

But as for current, it seems the range just keeps getting tighter and tighter...am not really expecting too much.

Hittem for what they are worth, even in a narrow channel, there is money to be made.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,073
  • Dec 10, 2009 7:25pm Dec 10, 2009 7:25pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting Leche Mocha
Nice, going from 1K to 300K after 4 blown accounts shows you stuck to it and succeeded in the face of adversity. Congrats.
and check this out... assuming he started from 2007 until now (approx. 2 years) that means it actually is possible!

A person would only have to earn about 1.2% each day to do that. It's just too bad no one has the patience due to greed.
  • #187,074
  • Dec 10, 2009 7:27pm Dec 10, 2009 7:27pm
Quoting Magix
My 24hour stats....

31 trades -
8 losers
Net +452
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!
All work and no play makes Jack a dull boy! All work and no play makes Jack a dull boy!

"I'mmmmmmm hereeeeee."

Dr. D. no time to trade... too busy typing

http://www.google.com/images?q=tbn:1...3m0w08xwnC2QU=
  • #187,075
  • Dec 10, 2009 7:30pm Dec 10, 2009 7:30pm
Quoting fourxtrader
All work no play makeS Jack a dull boy!

"I'mmmmmmm hereeeeee."

Dr. D.

http://www.google.com/images?q=tbn:1...3m0w08xwnC2QU=...
Sorry Jack, Chuckies BACK!
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,076
  • Dec 10, 2009 7:35pm Dec 10, 2009 7:35pm
1.633 is a level to watch.. better to take a position if price reach this level for safe. Atm, price has no solid direction.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #187,077
  • Dec 10, 2009 7:46pm Dec 10, 2009 7:46pm
Quoting Baby-Trader
It is very obvious, if H4 candle closed above 1.6305 we will see an UP move
I hope so
p/s: our username kinda a bit same
  • #187,078
  • Dec 10, 2009 7:48pm Dec 10, 2009 7:48pm
Quoting Magix

Love this game!

317 trades this week...27 losers!
I hope you'll have your Magix trigger finger heavily insured.

Might I suggest, Lloyd's of London.

http://www.lr.org/LloydsRegister/images/logo_footer.gif

Dr. D.
  • #187,079
  • Dec 10, 2009 8:03pm Dec 10, 2009 8:03pm
As the 5m followed by the 15m contract into tight compression.

Dr. D.
Attached Images
  • #187,080
  • Dec 10, 2009 8:05pm Dec 10, 2009 8:05pm
Quoting fourxtrader
I hope you'll have your Magix trigger finger heavily insured.

Might I suggest, Lloyd's of London.

http://www.lr.org/LloydsRegister/images/logo_footer.gif

Dr. D.
Now wouldn't that be an interesting survey....

How many trades per day/week do traders take?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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