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Cable Update (GBPUSD)

  • #189,841
  • Dec 29, 2009 11:08am Dec 29, 2009 11:08am
Quoting Baby-Trader
Please Please Please , Read this again.

http://www.forexfactory.com/showthre...04#post3327004

I'm right for the first time since I started this career.
keep the good work bro happy for u
  • #189,842
  • Dec 29, 2009 11:10am Dec 29, 2009 11:10am
Quoting Baby-Trader
hahaha,
compare this http://www.forexfactory.com/showthre...21#post3330021
with the new one attached.
Good Day Baby-Trader, I've been Monitoring how you trade and I must say i'm very impressed with the u do things. Please could you share your indicator? The one you got at the upper right corner of your recent chart. Thanks in Advance.
Numbers NEVER Lie
  • #189,843
  • Dec 29, 2009 11:11am Dec 29, 2009 11:11am
I really have question
Does anyone read economic newspapers or respectable magazine tell in numbers the situation in UK since 2007 till now?!
I did beside my PC Come and you find A lot of it
I just try to do my best and be good traders like some of great traders on my buddy list
  • #189,844
  • Dec 29, 2009 11:12am Dec 29, 2009 11:12am
Quoting Honored
Baby-Trader, You are the Man with the Plan
Thanks Bro,
First, I started to learn to have a plan. Nice
Second, I will start to learn to follow my plan which is the difficult thing in environment like this.

Good Luck bro and let's develope each other.
  • #189,845
  • Dec 29, 2009 11:13am Dec 29, 2009 11:13am
Quoting ahlamo
well let's see, I woke up around 3:30 EST this morning, was long obviously and had all my positions in the green , so instead of closing out and being happy ( possibly going short) I say to myself " well, let's see if this reaches 1.61". Yeah of course! Stupid me, I don't know what the heck is wrong with me sometimes. So in summary, yes I was long and had to watch it all go down to nothing...with tears to my eyes. If i could slap myself I would!!!

Anyway as Chris once said, i am just going to lick my wounds now and take the time to read "trading...

sorry to hear that Chris was right life gos on but hit and run is the best way to trade unless u have a huge acc. then i will keep my positions wish all the best sure u will make it up hope soon
  • #189,846
  • Dec 29, 2009 11:17am Dec 29, 2009 11:17am
As of late, once london is done for the day, which they are now, the last half of the us session has generally been bullish.

I suspect (now this is just my opinion) that the price will float back up to 1.596 for the rest of the day.

this is based purely on watching PA over the last few months.. So if you are caught long and down a few pips or a lot, you might.. MIGHT.. get a chance to close it out with a less of a loss than you have now..

Cheers
  • #189,847
  • Dec 29, 2009 11:21am Dec 29, 2009 11:21am
Quoting Cdawg
As of lateCheers
Such a strong move down today, you might just be right. There might be a few shorts closed for profit taking.

However, on the daily there is a strong downtrend and it's not how I would trade out of this position. I fully expect a close below 1.58 today or tomorrow.
Gone to a better place
  • #189,848
  • Dec 29, 2009 11:24am Dec 29, 2009 11:24am
Hi Ahlamo,
Trading in the Zone & The Disciplined Trader are 2 greatest books that I have ever read.
Also have a look at the attached paper.

Quoting ahlamo
well let's see, I woke up around 3:30 EST this morning, was long obviously and had all my positions in the green , so instead of closing out and being happy ( possibly going short) I say to myself " well, let's see if this reaches 1.61". Yeah of course! Stupid me, I don't know what the heck is wrong with me sometimes. So in summary, yes I was long and had to watch it all go down to nothing...with tears to my eyes. If i could slap myself I would!!!

Anyway as Chris once said, i am just going to lick my wounds now and take the time to read "trading...
Attached File(s)
File Type: pdf Face the Trader Within - Chris Lori_ CTA.pdf   108 KB | 391 downloads
  • #189,849
  • Dec 29, 2009 11:27am Dec 29, 2009 11:27am
First resistance is upon us...200EMA 1m chart...scalper tool for direction of the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 2001m.GIF Size: 31 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,850
  • Dec 29, 2009 11:27am Dec 29, 2009 11:27am
Quoting smikester
Such a strong move down today, you might just be right. There might be a few shorts closed for profit taking.

However, on the daily there is a strong downtrend and it's not how I would trade out of this position. I fully expect a close below 1.58 today or tomorrow.
Strong move on thin volume, I wouldnt be surprised to see this below 1.580 either, though not till london tomorrow i think, and I think they will taker her up a bit first before driving it down.

No doubt that down is where we are going though.
  • #189,851
  • Dec 29, 2009 11:30am Dec 29, 2009 11:30am
hey guys, hope u had a nice xmas. im sorry if this is not in the right place, but can any1 give me tell how to set my stop loss to 1 pip? my mt4 platform will not let me. please any1, help. cheers.
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #189,852
  • Dec 29, 2009 11:32am Dec 29, 2009 11:32am
Quoting forex baraka
hey guys, hope u had a nice xmas. im sorry if this is not in the right place, but can any1 give me tell how to set my stop loss to 1 pip? my mt4 platform will not let me. please any1, help. cheers.

let it 2 pips SL
  • #189,853
  • Dec 29, 2009 11:32am Dec 29, 2009 11:32am
Quoting forex baraka
hey guys, hope u had a nice xmas. im sorry if this is not in the right place, but can any1 give me tell how to set my stop loss to 1 pip? my mt4 platform will not let me. please any1, help. cheers.
Minimum SL is 10pips from market price
  • #189,854
  • Dec 29, 2009 11:34am Dec 29, 2009 11:34am
do u have anything i can use to set stop loss at 2 pips?
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #189,855
  • Dec 29, 2009 11:35am Dec 29, 2009 11:35am
Quoting Baby-Trader
Hi Ahlamo,
Trading in the Zone & The Disciplined Trader are 2 greatest books that I have ever read.
Also have a look at the attached paper.

Thank you so much. I will definitely spend the weekend @ a coffee shop reading these
The Sky is the Limit!
  • #189,856
  • Dec 29, 2009 11:37am Dec 29, 2009 11:37am
Quoting forex baraka
do u have anything i can use to set stop loss at 2 pips?
What is the spread your broker provide for you?

You can only be able to do it if you have 0 spread. do you have it?
  • #189,857
  • Dec 29, 2009 11:38am Dec 29, 2009 11:38am
MT4 brokers usually require you to place your stop at least 5 pips away from current price.

Quoting forex baraka
hey guys, hope u had a nice xmas. im sorry if this is not in the right place, but can any1 give me tell how to set my stop loss to 1 pip? my mt4 platform will not let me. please any1, help. cheers.
  • #189,858
  • Dec 29, 2009 11:39am Dec 29, 2009 11:39am
ok ok, so wot about a 4 or 5 pip stop loss. can you help with that?
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #189,859
  • Dec 29, 2009 11:40am Dec 29, 2009 11:40am
the minimum i can set it is at 10 pips. my broker will not allow any less than that. but someone said you can force mt4 to set at 5 pips. any ideas? cheers
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #189,860
  • Dec 29, 2009 11:40am Dec 29, 2009 11:40am
Monthly S2 @1.5907. let's see if price will close above it or under it.
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