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Cable Update (GBPUSD)

  • #187,321
  • Dec 13, 2009 3:54pm Dec 13, 2009 3:54pm
Please,i have one question. My chart on daily at gbp/usd looks like this. At another friend looks different. I refer last 3 candles. Last 2 are red at me and the third is green. On his chart last 2 are doji, one green,one red. Both use mt4 . If difference could appear, so we can think different at the chart. How is your chart on daily. Thans a lot.
  • #187,322
  • Dec 13, 2009 3:56pm Dec 13, 2009 3:56pm
THIS IS THE CHART
Quoting geocatalinfx
Please,i have one question. My chart on daily at gbp/usd looks like this. At another friend looks different. I refer last 3 candles. Last 2 are red at me and the third is green. On his chart last 2 are doji, one green,one red. Both use mt4 . If difference could appear, so we can think different at the chart. How is your chart on daily. Thans a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: gusd.GIF Size: 61 KB
  • #187,323
  • Dec 13, 2009 4:00pm Dec 13, 2009 4:00pm
reality is ...

who give a flying ..f**k anyway ?

i did 800 pip week before last and 700 last week ...do i go spouting it ll over the place ? ..not to mention gold and oil shorts and my es trades

not been posting recently as i have been busy making money



Quoting Piters
Well, Lets clarify... really:

1. he said clearly that He posted already calls here on FF trades 862 pips... (you may check his posts.. - I didnt)

and

2. not posted on FF but listed on his statement = 170pips.. (clearly)

3. That makes over 1000pips in my MATH... book.. and for a week, that is an EXCELLENT job..


???? Honestly Malc.. As a SENIOR trader.. you should Support other guys.. NOT Trying to COMPETE with them...

cheers!


P.S. link from his last post..
Blogging daily now at www.volume.zone
  • #187,324
  • Dec 13, 2009 4:05pm Dec 13, 2009 4:05pm
as senior member it is our responsibility to guide newbies and help them out with trading systems so that they can make their own money , much like i have done in vsa thread and other posts and as you have done over time. Not to congratulate those , who have come in here and contradicted themselves many times before , and spout out how great they are doing. This is not the 1st time i have noticed this fellow posting how much money he makes and he has had alot of contradication in his posts. Maybe he has got better who knows

if the guy wants a signal service ... go spend his hard earned money on marketing and setting up a web site and then he can spray out all the signals he wants. oh hold on what is that blogspot at bottom of his singature .. crafty .

Quoting Piters
Well, Lets clarify... really:

1. he said clearly that He posted already calls here on FF trades 862 pips... (you may check his posts.. - I didnt)

and

2. not posted on FF but listed on his statement = 170pips.. (clearly)

3. That makes over 1000pips in my MATH... book.. and for a week, that is an EXCELLENT job..


???? Honestly Malc.. As a SENIOR trader.. you should Support other guys.. NOT Trying to COMPETE with them...

cheers!


P.S. link from his last post..
Blogging daily now at www.volume.zone
  • #187,325
  • Dec 13, 2009 4:23pm Dec 13, 2009 4:23pm
Quoting malcolmb14
as senior member it is our responsibility to guide newbies and help them out with trading systems so that they can make their own money , much like i have done in vsa thread and other posts and as you have done over time. Not to congratulate those , who have come in here and contradicted themselves many times before , and spout out how great they are doing. This is not the 1st time i have noticed this fellow posting how much money he makes and he has had alot of contradication in his posts. Maybe he has got better who knows

if the guy wants a signal...
http://www.forexfactory.com/showpost...ostcount=15241


this is a caution to newbies ...do not follow others calls including a guy that say he made 1032 pips in a week and al he does is post trade calls NO CHARTS

remember this is a forum for open thoughts and discussions not trade calls .

There are several awesome trade call web sites out there , some of which i have tested. and of course the best one I came across was $400 per month ..not me and i have nothing to do with it so i am NOT trying to sell something before you all jump on me

Attached Image (click to enlarge)
Click to Enlarge Name: chart1395.png Size: 283 KB
Blogging daily now at www.volume.zone
  • #187,326
  • Dec 13, 2009 4:40pm Dec 13, 2009 4:40pm
... or per week.

I don't know about others, but I don't really need to make that many pips per week.
It's not impossible to make that kind of pips; I managed once to make 500 pips within 4 days and I lost almost all of them in the fourth day out of too much confidence.

Still, if I constantly make 20 pips a day, day after day, and I slowly increase lot sizes over time, I can be at least financially free, if not even rich in just a couple of years.

Old traders know that, newbies should figure it out.

Just keep in mind that a 100% account increase per year is considered excellent performance when it comes to investment funds.
  • #187,327
  • Dec 13, 2009 4:48pm Dec 13, 2009 4:48pm
Quoting Twilight
... or per week (crazy or fat chance).

I don't know about others, but I don't really need to make that many pips per week.

If I constantly make 20 pips a day, day after day, and I slowly increase lot sizes over time, I can be at least financially free, if not even rich in just a couple of years.

Old traders know that, newbies should figure it out.

Just keep in mind that a 100% account increase per year is considered excellent performance when it comes to investement funds.
Having a goal is indeed one of the keys to money management. I know a couple of traders that will quit the day and quit the week once they have met goals.

It really all depends on your level of play and the time you are willing to commit to market.

For a lot of new traders, closing everyday green by only 1 pip is a hard thing to do, but agree, consistency is crucial.

As a hobbiest, I play when I can and play off of a system that allows me to do just that. Enter into current trend based on support and resistance ranges, take small bites at the apple.

Every pip counts at the end of the day.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,328
  • Dec 13, 2009 5:05pm Dec 13, 2009 5:05pm
Quoting Magix
Having a goal is indeed one of the keys to money management....
Yes. I was the kind of trader glued to the screen, chasing every pip, feeling that I'll never get another chance like that.
After a year or so I calmed down.
Hundreds of hours of monitoring the market helped me understand that the movements are basically the same over time as long the the markets will exist.
They are like the waves of the ocean, always crashing to the shore.
Sometimes calmly, other times violently.

So, there are plenty of chances.
More then making it big a certain day, like over a hundred pips, I began to accept the fact that consistency is a truer key to succes.
I'm happy to put bits of that apple in my basket, as you say, and not give it back to the market that easily.
  • #187,329
  • Dec 13, 2009 5:13pm Dec 13, 2009 5:13pm
Quoting malcolmb14
http://www.forexfactory.com/showpost...ostcount=15241


this is a caution to newbies ...do not follow others calls including a guy that say he made 1032 pips in a week and al he does is post trade calls NO CHARTS

remember this is a forum for open thoughts and discussions not trade calls .

There are several awesome trade call web sites out there , some of which i have tested. and of course the best one I came across was $400 per month ..not me and i have nothing to do with it so i am NOT trying to sell something before you...
When i start forex i found blog to famous trader been in business for 10 years and i told my self he must be right and i will follow his trade and Guess what? BIG LOSS
Since then I follow only my Chart and my own analysis.
First i was mad on him but later i told my self he put me on the right track. Now many times i find on ff or ther forum view of very good trader and if it goes with mine I GO and if not i post mine and explain.
GL ALL
  • #187,330
  • Dec 13, 2009 5:19pm Dec 13, 2009 5:19pm
What I said concerns mainly the daily scalping style.
There are other styles, of course.
If you invest medium or long term and you study/apply trades that make you 500-1000 pips in a week/month, then you can take a little vacation afterwards.

And, egkid, you're right.
Trading is personal; you need to do your own analysis and take personal responsability for your trades.
  • #187,331
  • Dec 13, 2009 5:25pm Dec 13, 2009 5:25pm
I started out 2 years ago ,and still havent worked out everything there is to know about Forex.I never realised there where so many different things,which could infuence ,the markets.(Big Business)
Your not just taking about pips ,this is like ,how do i buy myself a few 100 Jaguar or Rolls Royce cars for a few million less than say 3 months ago!
We all infuence the price ,so lets beat the big boys and girls at there own game!
  • #187,332
  • Dec 13, 2009 5:41pm Dec 13, 2009 5:41pm
Anyone see a double bottom @16194....? From Friday
Answers on a postcard please!
  • #187,333
  • Dec 13, 2009 5:42pm Dec 13, 2009 5:42pm
Good job Yngwie, but it always sounds better and more convincing when someone else shouts your praises from the rooftops. If you are consistent, people will do all of that for you..
  • #187,334
  • Dec 13, 2009 5:45pm Dec 13, 2009 5:45pm
Quoting Twilight
Yes. I was the kind of trader glued to the screen, chasing every pip, feeling that I'll never get another chance like that.
After a year or so I calmed down.
Hundreds of hours of monitoring the market helped me understand that the movements are basically the same over time as long the the markets will exist.
They are like the waves of the ocean, always crashing to the shore.
Sometimes calmly, other times violently.

So, there are plenty of chances.
More then making it big a certain day, like over a hundred pips, I began to accept the fact...
As a hobbiest, I play mini lots. $1 pip...

Depending on the time that I have available to trade it is nice knowing where I have the best chance to succeed, as well as if the play goes against me, where I take my exit and never question the loss.

I do agree, there are plenty of chances, that is why I am just as happy exiting out of a trade with short gains if the market goes against my trade.

I no longer hold for the hundreds...pipe dreams for me that have lost me more money then have ever gained. I would rather play multiple lots on shorter trips, take the money and run.

I lose a lot less sleep this way too.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,335
  • Dec 13, 2009 5:51pm Dec 13, 2009 5:51pm
Quoting Tvrspeed12
Anyone see a double bottom @16194....? From Friday
Answers on a postcard please!
yes i see a double bottom
Trade less make more!
  • #187,336
  • Dec 13, 2009 5:57pm Dec 13, 2009 5:57pm
Quoting doughnut
yes i see a double bottom
Glad im not going blind!
Waiting for news from Rightmove /BOE then i might go long .
Whats your take bro..?
  • #187,337
  • Dec 13, 2009 6:18pm Dec 13, 2009 6:18pm
i'm agree, but short it's more chance if we look GU right now, she have resistance 1.6256 n support 1.6195 (friday low), does anyone agree with me?

be carefull with carry trade again today guys
  • #187,338
  • Dec 13, 2009 6:23pm Dec 13, 2009 6:23pm
Quoting Tvrspeed12
Anyone see a double bottom @16194....? From Friday
Answers on a postcard please!

That could be a potentially very dangerous trade. Depending on how many pips you are looking to take.
  • #187,339
  • Dec 13, 2009 6:24pm Dec 13, 2009 6:24pm
Quoting sinyo79
i'm agree, but short it's more chance if we look GU right now, she have resistance 1.6256 n support 1.6195 (friday low), does anyone agree with me?

be carefull with carry trade again today guys

whats the importance of the carry trade?...if I may ask.
  • #187,340
  • Dec 13, 2009 6:41pm Dec 13, 2009 6:41pm
Quoting spivvster
That could be a potentially very dangerous trade. Depending on how many pips you are looking to take.
Am i being unrealistic by saying 16350/80..?
Or am i in a dream world!
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