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Cable Update (GBPUSD)

  • #193,561
  • Jan 15, 2010 11:38am Jan 15, 2010 11:38am
Quoting Tsar
I created +45 Pips.

Today... I signed up to be your FIRST Student, Master.
Please, you Open TS (Thread Stater)
Thanks bro but there are already great threads that I'm following and you should do so if you feel is a strategy you like.

It's about Price Action, test it demo and see what other people are doing there if you want to see it in action. Have you ever tried trading daily charts?

Today I've got my sells all the day because on the daily chart I saw right away that today was VERY BEARISH, why? Because yesterday's high was tested several times (see the 4h charts building up) but didn't break...what I did is wait for a bearish break and ride it...and then just sell the up moves once they start going down again.
"Hate the sin, love the sinner." - Gandhi
  • #193,562
  • Jan 15, 2010 11:41am Jan 15, 2010 11:41am
Headed on a collision course.

Coming out of orbit, being drawn back to the mother ship.

Dr. C.
Attached Image
  • #193,563
  • Jan 15, 2010 11:42am Jan 15, 2010 11:42am
Quoting direct-trade
That was quite an emotional response. Here, let me help with your anger issues:
D.T,

I have seen and read that book before, it has some real good content in it (and so true). We are truely our own worst enemies.
  • #193,564
  • Jan 15, 2010 11:43am Jan 15, 2010 11:43am
what a wonderfull week.....,waiting so long,... and earn soooo many pips (actually 2 pips for 2 trade...., ) yeahhh at list i'm not lose my account this week...thanks GOD....
congrat to you guys who made some (or maybe many-many) pips, have a nice weekend..,keep healty to trade next week....
(kaya pak bondan aja...tetep sehat..tetep semangat...biar kita tetep bisa jalan-jalan dan makan-makan...)


cheers..

java.
I will be the number one Manager.
  • #193,565
  • Jan 15, 2010 11:46am Jan 15, 2010 11:46am
Quoting Tsar
I created +45 Pips.

Today... I signed up to be your FIRST Student, Master.
Please, you Open TS (Thread Stater)
I made a chart to explain you what I did, I hope it helps you to get the idea.

I'm happy you got yourself 45 pips bro, really Keep them coming and trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 142 KB
"Hate the sin, love the sinner." - Gandhi
  • #193,566
  • Jan 15, 2010 11:46am Jan 15, 2010 11:46am
Quoting Baby-Trader
Who read my above post when GU @1.6325
Did you prepare yourself?

If this worked for M15 & H1 now why don't it play it for W1.

Still Holding My Shorts

Attached is M15 and Weekly charts.

Good luck All

BT, good call mate

Yesterday:
1. http://www.forexfactory.com/showpost...postcount=2886

Guess we overshot the 6214 by 3 pips
Have a good weekend !
Thank You
  • #193,567
  • Jan 15, 2010 11:50am Jan 15, 2010 11:50am
Quoting javapips
what a wonderfull week.....,waiting so long,... and earn soooo many pips (actually 2 pips for 2 trade...., ) yeahhh at list i'm not lose my account this week...thanks GOD....
congrat to you guys who made some (or maybe many-many) pips, have a nice weekend..,keep healty to trade next week....
(kaya pak bondan aja...tetep sehat..tetep semangat...biar kita tetep bisa jalan-jalan dan makan-makan...)


cheers..

java.
Javapips,

First off good job on not blowing out the account. However, not meaning to degrade you any, why do you keep such a large risk to return ratio. I am assuming that you were short. If you rode this up to the top, to get out at +2 pips was it worth the risk. why go -200 to make +2. Doing that will eventually blow out your account. Why not set a reasonalbe SL, and TP for more than the SL? Just curious..
  • #193,568
  • Jan 15, 2010 11:50am Jan 15, 2010 11:50am
Quoting manize
I don't wanna hate 1.6262/65 for the 3rd time !
Just back online, finally I love them so much, gave up to me .....
Nice week end, 2 last shorts done perfectly hit target 1.6240, 3 shorts + 8 + 70 + 60 = 138 pips. I see shorters party currently. Happy week end friends see you all next week !!!
Attached Image (click to enlarge)
Click to Enlarge Name: 150110a.gif Size: 79 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,569
  • Jan 15, 2010 11:52am Jan 15, 2010 11:52am
Quoting direct-trade
That was quite an emotional response. Here, let me help with your anger issues:
Attached Fileshttp://cdn.forexfactory.com/images/attach/pdf.gifThe Secrets to Emotion Free Trading by Larry Levi.pdf (484.3 KB, 0 views)
__________________

And add novocaine.

I need both.

Dr. C.
  • #193,570
  • Jan 15, 2010 11:52am Jan 15, 2010 11:52am
Another trade I have opened (after closed with profit before) is again sell GBPJPY, i have 120 pips on GBPJPY today alone without this one that is opened.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 206 KB
"Hate the sin, love the sinner." - Gandhi
  • #193,571
  • Jan 15, 2010 11:53am Jan 15, 2010 11:53am
Quoting direct-trade
Good boy, well done. Here, have a lolly:
DT give one to egkid man
  • #193,572
  • Jan 15, 2010 11:55am Jan 15, 2010 11:55am
hi all i hope every one in green pips after the b;;;;;;h tank
  • #193,573
  • Jan 15, 2010 11:58am Jan 15, 2010 11:58am
If Americans want out of the Euro because of Greece/Spain/Italy/Portugal - and they dont want USD, then GBP might be a good diversification - could get support
  • #193,574
  • Jan 15, 2010 12:00pm Jan 15, 2010 12:00pm
AND NOW UP WE GO
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #193,575
  • Jan 15, 2010 12:00pm Jan 15, 2010 12:00pm
Quoting allserene
If Americans want out of the Euro because of Greece/Spain/Italy/Portugal - and they dont want USD, then GBP might be a good diversification - could get support
Actually Australia is a good diversification. In addition to a great swap received becuase of their interest it has been in a strong uptrend for a long while (mainly also because of their interest).
  • #193,576
  • Jan 15, 2010 12:01pm Jan 15, 2010 12:01pm
Quoting fourxtrader
Attached Fileshttp://cdn.forexfactory.com/images/attach/pdf.gifThe Secrets to Emotion Free Trading by Larry Levi.pdf (484.3 KB, 0 views)
__________________

And add novocaine.

I need both.

Dr. C.

LOL, agreed. can you write me a perscription for that please Dr.

C.
  • #193,577
  • Jan 15, 2010 12:02pm Jan 15, 2010 12:02pm
Quoting kill56
DT give one to egkid man
He did not
Attached Image
  • #193,578
  • Jan 15, 2010 12:03pm Jan 15, 2010 12:03pm
Quoting allserene
if americans want out of the euro because of greece/spain/italy/portugal - and they dont want usd, then gbp might be a good diversification - could get support


nice pic mr. Alserene :d
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #193,579
  • Jan 15, 2010 12:04pm Jan 15, 2010 12:04pm
Quoting allserene
if americans want out of the euro because of greece/spain/italy/portugal - and they dont want usd, then gbp might be a good diversification - could get support


nice pic mr. Alserene :d
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #193,580
  • Jan 15, 2010 12:05pm Jan 15, 2010 12:05pm
Quoting vlady1974
Last question for the day, then TGIF!
Hey BT... great post.... on the weekly, when it breached - what do you think was happening in the market so that momentum breached your TL by 3 weeks/bars: ie. could the same market "fundamentals" also breach the same TL on the upside. My point being that the current downmove is just typical retracement but we are in a Weekly/Daily UP trend as opposed to a potential down trend?

Have a great weekend guys. Good to see the forum being lively with great trades and opinions----- and funny sh~@*!!!

Thanks for your comments.
If it breached up I will close my trades and go with the new trend. It's simple.
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