Cable Update (GBPUSD) | Page 9376 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #187,501
  • Dec 14, 2009 2:17pm Dec 14, 2009 2:17pm
Quoting sibajnok
hi mate,

how is your long?

are you still holding it? (as i remember you placed it around 623x targeting 633x)
Yeah, I am still targeting 1.6330 SK. Could be a ranging market.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #187,502
  • Dec 14, 2009 2:20pm Dec 14, 2009 2:20pm
Quoting Bull_Bear
Yeah, I am still targeting 1.6330 SK. Could be a ranging market.
Good Luck, I am holding more then few long too, target 1.6390...
  • #187,503
  • Dec 14, 2009 2:23pm Dec 14, 2009 2:23pm
Hello Guys,
Hope you have managed your trades well.
I just want to light up something.

1- The Goal.
Turn 1000$ into 47300$ in just 260 days. 5 days/week, 52 week/year (1 year)
2- The Plan.
Make 1.5% of your capital daily.
for example:
First Day: 15$
$1,000.00 $15.00$
1,015.00$ 15.23$
1,030.23$ 15.45$
1,045.68$ 15.69$
1,061.36$ 15.92$
1,077.28$ 16.16$
3- The Greed.
The first enemy for the trader or anyone else.
Focus on your goal and don't look beyond it.
4- The Time.
Just 1 and only 1 year.
5- The Patience.
Control yourself and wait with calm body & calm mind.


Is it difficult to be achived?
Ask youself this question and try to answer it.
and what if insted of 1000$, you have a 10000$ in your account?
can you calculate the result? wow just multiply 47300$ * 10 = WOW.

For Seniro & Experienced Traders here, IS IT Impossible,Hard or unrealistic?

For me, NO, it is very Achievable & I started that plan & till now it works very fine for me.
No nervous, No concerns & very very very risk & capital exposer.

Think of it with yourself, I'm sure it will help if you can see & control yourself.


Hope you have nice trading time.
  • #187,504
  • Dec 14, 2009 2:34pm Dec 14, 2009 2:34pm
Quoting Baby-Trader
Hello Guys,
Hope you have managed your trades well.
I just want to light up something.

1- The Goal.
Turn 1000$ into 47300$ in just 260 days. 5 days/week, 52 week/year (1 year)
2- The Plan.
Make 1.5% of your capital daily.
for example:
First Day: 15$
[font=Calibri]$1,000.00...
it sounds great but what if a day results red pips?
following day you will risk 3% instead of 1.5% of your capital?
and if other one comes? your risk ratio will be increased again...
etc.
  • #187,505
  • Dec 14, 2009 2:39pm Dec 14, 2009 2:39pm
Quoting sibajnok
it sounds great but what if a day results red pips?
following day you will risk 3% instead of 1.5% of your capital?
and if other one comes? your risk ratio will be increased again...
etc.

I'm not said 260 trades, I said 260 days.
and also not said 1.5% risk. I said 1.5% gains.

you can make your day's target by one trade or 2 or 20.
10 with loss & 10 with profit.

& 1.5% is very ver easy.
think of it.
  • #187,506
  • Dec 14, 2009 2:44pm Dec 14, 2009 2:44pm
Quoting Baby-Trader
I'm not said 260 trades, I said 260 days.
and also not said 1.5% risk. I said 1.5% gains.

you can make your day's target by one trade or 2 or 20.
10 with loss & 10 with profit.

& 1.5% is very ver easy.
think of it.
it' ok buddy, I'm just trying to find a weekness, which we could discuss in order to make it better.

what about banking profit? I mean sometimes you may withdraw from your account.
  • #187,507
  • Dec 14, 2009 3:01pm Dec 14, 2009 3:01pm
Quoting sibajnok
it' ok buddy, I'm just trying to find a weekness, which we could discuss in order to make it better.

what about banking profit? I mean sometimes you may withdraw from your account.
Sorry if I appeared aggresive.

for me, I don't think of banking profit till the end of year.

But I just want to show the concept.

If my goal acheived by the end of year, do you know what goal for the second year?

Let's don't go so far.
I focus day after day on my daily goal,
I review my acheivment daily, weekly, monthy, quarterly. to keep on track and to stick to my plan...

Just style of trading, each one has his own style.

do you mind to show your style & your trading gools, & your plan to acheive them? let's discuss.
  • #187,508
  • Edited 3:17pm Dec 14, 2009 3:17pm | Edited 3:17pm
Quoting Baby-Trader
Sorry if I appeared aggresive.

for me, I don't think of banking profit till the end of year.

But I just want to show the concept.

If my goal acheived by the end of year, do you know what goal for the second year?

Let's don't go so far.
I focus day after day on my daily goal,
I review my acheivment daily, weekly, monthy, quarterly. to keep on track and to stick to my plan...

Just style of trading, each one has his own style.

do you mind to show your style & your trading gools, & your plan to acheive them? let's discuss.
I agree.

Diffent traders, different trading style.

Just to mention an example: I mentioned before (either a couple of day before and today) that 6230 could have been good for bull traders and bears traders, too. In this rangeing market anyone could have profited from that.

If someone opened long around that level could have closed the trade in profit.

If someone opened short around that level could have closed the trade in profit.



p.s.: I am on to show my trading style and preparing to run a trading journal in 2010. but during the last weeks, I have posted my trades live here, just to mention an example, I posted my GU short opened exactly a week ago and closed in +223 pips

Good Luck buddy
  • #187,509
  • Dec 14, 2009 3:28pm Dec 14, 2009 3:28pm
Magix, you introduced an AWESOME trading system.
It shows the PA like a crystal clear.

thanks Magix for that system.
  • #187,510
  • Dec 14, 2009 3:39pm Dec 14, 2009 3:39pm
Quoting Baby-Trader
I'm not said 260 trades, I said 260 days.
and also not said 1.5% risk. I said 1.5% gains.

you can make your day's target by one trade or 2 or 20.
10 with loss & 10 with profit.

& 1.5% is very ver easy.
think of it.

In theory great .....

In practise tough to do ..... if there were loads of people out there that could turn 1 k into 43 k why would they not be employed by hedge funds turning 100 million in 4.xxx billion in a year ?

Is it achievable ..sure it is but with very strict money management. it is the losses not the gains that will flaw your plan . My biggest set backs in fx have been in not letting losers go quickly , now with gu stops are 25 pip max and are never moved (applaies to day trades) and r;r has to be 1:2
Blogging daily now at www.volume.zone
  • #187,511
  • Dec 14, 2009 3:40pm Dec 14, 2009 3:40pm
"I would kill for a Nobel Peace Prize"

  • #187,512
  • Dec 14, 2009 3:43pm Dec 14, 2009 3:43pm
Quoting malcolmb14
In theory great .....

In practise tough to do ..... if there were loads of people out there that could turn 1 k into 43 k why would they not be employed by hedge funds turning 100 million in 4.xxx billion in a year ?

Is it achievable ..sure it is but with very strict money management. it is the losses not the gains that will flaw your plan . My biggest set backs in fx have been in not letting losers go quickly , now with gu stops are 25 pip max and are never moved (applaies to day trades) and r;r has to be 1:2
what's your SL on GU depends on buddy?

spread x 10, or constant 25pips?

you never moves your SL (for example: during/around major news?)
  • #187,513
  • Dec 14, 2009 3:48pm Dec 14, 2009 3:48pm
Quoting Baby-Trader
Magix, you introduced an AWESOME trading system.
It shows the PA like a crystal clear.

thanks Magix for that system.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,514
  • Dec 14, 2009 3:58pm Dec 14, 2009 3:58pm
this is a great post and the last sentence grabbed my attention...

Is Europe or the UK any better ????? That is what we have to ask ourselves. There is talk of the Euro being dissolved and France / Germany going back to their own currencies.

'Citigroup has just released a forecast which is very troubling in regards to employment and growth in the Spanish economy. With unemployment already having hit 17.9%, Citigroup expects layoffs to increase this to 22% in 2010. Below is my translation of the Spanish-language article in Finanzas.'


here is also a good table for unemployment figures:

http://www.oecd.org/dataoecd/61/54/43707146.pdf

Note France and Spain are miles ahead of US in unemployment...yet the euro is flying high , with Eastern block countries on the verge of economic collapse. Aren't France Spain and Germany the building blocks of the EU ??? so how can the Euro be stronger then USD BY so much ????

On another note my sister (lives in the UK ) that speaks 4 languages decided to give up her City job and work as a manager at the new Tescos(grocery ) store that was opening localy to cut down on commuting time. She applied for one of the 300 positions along with 4000 other applicants ... and they are saying that the unemployment is only 8% in UK.....I smell BS

Quoting XTrade
We will...
I am not saying CABLE will go back to 2:1.

By any MEANS.. Gold was also 350 USD in 99 and just hit 1220.
so what better read of the USD is that...?

This is far from a reversal in my eyes...

USD WILL Not break .80 any time soon. IF IT DOES! I am an a$$

However!

Just like GOLD and other commods / stox / indicies = DOW Nikkei etc. there is a time when the correlation of trend comes to pass.

NO?

Things DE CORRELATE. Banks are buying pounds at discount rates. selling higher. Yes Wormie and MalcomB may be right about...
Blogging daily now at www.volume.zone
  • #187,515
  • Dec 14, 2009 3:59pm Dec 14, 2009 3:59pm
Quoting sibajnok
what's your SL on GU depends on buddy?

spread x 10, or constant 25pips?

you never moves your SL (for example: during/around major news?)
constant 25 pip

I never enter a trade around news ... if i am in one with profit I may move stop tight.
Blogging daily now at www.volume.zone
  • #187,516
  • Dec 14, 2009 4:07pm Dec 14, 2009 4:07pm
does anyone understand interbank's new hedging, with time restrictions i just don't get it ?
  • #187,517
  • Dec 14, 2009 4:08pm Dec 14, 2009 4:08pm
Quoting malcolmb14
In theory great .....

In practise tough to do ..... if there were loads of people out there that could turn 1 k into 43 k why would they not be employed by hedge funds turning 100 million in 4.xxx billion in a year ?

Is it achievable ..sure it is but with very strict money management. it is the losses not the gains that will flaw your plan . My biggest set backs in fx have been in not letting losers go quickly , now with gu stops are 25 pip max and are never moved (applaies to day trades) and r;r has to be 1:2
Yes, The only thing, Strict MM.
me too for GU maximum 40 pip SL & I never change it.
I remember when I married alot of trades with -600 pips.
I learnt the very hard way.
  • #187,518
  • Dec 14, 2009 4:11pm Dec 14, 2009 4:11pm
XTRade .. when you talk about usd and .80 ... do you mean the dollar index ? This is weighted 57% euro ... so if euro collapses there is a very high chance that dx could go to top of channel at 95.

Also wouldn't it be a massive money maker for the ' money ' guys to put the biggest USD short squeeze ever so their buddies China and Russia could get out of all the debt they have bought at a profit before the total collapse of the usd ???

as we see here dx has broken 50 sma on daily.... simple chart I will post better one later... now the difference between this and when it broke the 50 sma in 2008 is the volumes. The volumes over the last 8 weeks have been the highest since the inception of the usdx .. someone , somewhere knows something. Do not worry baout that fact that rsi is entering overbought territory on daily . It did that at 74 in 2008.....


Attached Image (click to enlarge)
Click to Enlarge Name: dx.JPG Size: 136 KB






Quoting XTrade
We will...
I am not saying CABLE will go back to 2:1.

By any MEANS.. Gold was also 350 USD in 99 and just hit 1220.
so what better read of the USD is that...?

This is far from a reversal in my eyes...

USD WILL Not break .80 any time soon. IF IT DOES! I am an a$$

However!

Just like GOLD and other commods / stox / indicies = DOW Nikkei etc. there is a time when the correlation of trend comes to pass.

NO?

Things DE CORRELATE. Banks are buying pounds at discount rates. selling higher. Yes Wormie and MalcomB may be right about...
Blogging daily now at www.volume.zone
  • #187,519
  • Dec 14, 2009 4:15pm Dec 14, 2009 4:15pm
Quoting Bull_Bear
Bro, The Land Of The Rising Sun.... Bloody awesom.

How you going Mate?

PS: I got u Asahi beer, but when I saw the how cable moved away from 1.6900 I dranked it.... lol

Wuhahahaha....is that Awesom with a capital "A", ey bro...lol....naughty, naughty....

I'm cool, actually in resting mode, but also keeping my eyes open, jumping in when I see an opportunity....

damn, you don't say, why did you drink my beer bro?...lol

we got 2 weeks left in the decade and .........

.....JOSE Is a very a happya to saya 1.5300 No Way in this decade...lol

Ok, Ok from you bro....I accept hotty"exploration souvenirs" from Japan

but I'm sure WB and Malcomb got my special "1.5300 Not In This Decade No Way Jose Beers" ready for delivery.....
Hear the music before the song is over ...
  • #187,520
  • Dec 14, 2009 4:20pm Dec 14, 2009 4:20pm
Quoting GlobalMacro
I'm sure WB and Malcomb got my special "1.5300 Not In This Decade No Way Jose Beers" ready for delivery.....
**Snickers**

I took Mal 2x for $10 bux, still waiting on delivery....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
247 traders viewing now, 2 are registered:
Waveskierrob
,
Kabundifx