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Cable Update (GBPUSD)

  • #200,761
  • Feb 19, 2010 6:28am Feb 19, 2010 6:28am
Quoting Big1red9
Good for 300+ pips.
had the same thought
  • #200,762
  • Feb 19, 2010 6:35am Feb 19, 2010 6:35am
Might be good for some more.... but for me... that would be greedy. So its closed.

Done with Cable for awhile. To me anything more than minute or sub minute trading has to much risk. A significant downward move in a major downtrend. I don't trade against the main trend and there might not be much left.

Good luck
BR

Quoting digger1
had the same thought
  • #200,763
  • Feb 19, 2010 6:37am Feb 19, 2010 6:37am
Quoting Big1red9
Good for 300+ pips.
i hope my best friend fendi give SL in his entry last night..., if not so when he woke up this morning probably he would get shock with -200 pips floating..
I will be the number one Manager.
  • #200,764
  • Feb 19, 2010 6:37am Feb 19, 2010 6:37am
Quoting moosley
long limit 1.56 trg 1.57 4h GU...
missed limit now long trg 55 4h GU
  • #200,765
  • Feb 19, 2010 6:39am Feb 19, 2010 6:39am
Quoting Big1red9
Might be good for some more.... but for me... that would be greedy. So its closed.

Done with Cable for awhile. To me anything more than minute or sub minute trading has to much risk. A significant downward move in a major downtrend. I don't trade against the main trend and there might not be much left.

Good luck
BR
well done, closed most of mine near the lows today and have been in and out of a few longs since and still holding a few longs but getting close to closeing all for the weekend
  • #200,766
  • Feb 19, 2010 6:45am Feb 19, 2010 6:45am
java if the gbpusd cant get back thru this 1.5420 level soon I am going to close my longs and call it a week , I am sure you have your own plan but since my posts influenced your decision thought I would tell you , cheers
  • #200,767
  • Feb 19, 2010 6:45am Feb 19, 2010 6:45am
Quoting fendi
I can hear people in this FORUM complaining, what are they complaining about??? hahahahahhaaaa some actually thought they know fx, well bitter truth. All in profit............I said it in some hours some would start complaining i should have seen it i shouldnt have seen it, hey it takes only due deligent trader's to be able to tell trend even before they appear. Now my target for 1.60-1.62 would confirm next week watch it allllllllllllllllllllllllll
I need a holiday once target been hit...........
Quoting fendi
You don't have thank me, it's God, knowledge and wisdom come's from the LORD, when you can look at a chart and you can tell98% out of 100 were it would end up.
So when we talk we don't talk fundamentals we talk technical, most people's problem is fundamental telling them it should go up or down and it ends up the other way round, they should look in depth, TECHNICAL is ultimate warrior....
where is guru fendi? i need advice from him..

above is the last contact with him..
Patience + Discipline =
  • #200,768
  • Feb 19, 2010 6:47am Feb 19, 2010 6:47am
magix s ema is holding things up lol
  • #200,769
  • Feb 19, 2010 6:52am Feb 19, 2010 6:52am
Quoting Jemmy
where is guru fendi? i need advice from him..

above is the last contact with him..
There has been a few of the regular posters gone MIA in the last recent weeks. This doesn't much surprise me, 2000 new traders globally per day, some gotta leave everyday too.

We almost need a rotating door installed on the thread.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,770
  • Feb 19, 2010 6:54am Feb 19, 2010 6:54am
Quoting digger1
magix s ema is holding things up lol
I have one position locked, just waiting for confirmation for the other.

I typically hate to play the speculation game, but....old habits die hard.

I will enter a second lot @ the mark, and will add a 3rd if we dump on support.

That's just what I see.

If the 5m gains support to longside, I will take exit of position...no stop loss, no take profits set.

I believe the turn to come in the next 9 minutes.

How's that for not speculating.
heh
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,771
  • Feb 19, 2010 7:04am Feb 19, 2010 7:04am
Quoting Magix
I have one position locked, just waiting for confirmation for the other.

I typically hate to play the speculation game, but....old habits die hard.

I will enter a second lot @ the mark, and will add a 3rd if we dump on support.

That's just what I see.

If the 5m gains support to longside, I will take exit of position...no stop loss, no take profits set.

I believe the turn to come in the next 9 minutes.

How's that for not speculating.
heh
well this area acted as support for a while on the drop down , pretty stiff resistence at the moment on the way back up , sure you have seen the same thing
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  • #200,772
  • Feb 19, 2010 7:07am Feb 19, 2010 7:07am
lol wow with dxy holding above 81 that is what i see we are not there yet its the target sooner or later
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  • #200,773
  • Feb 19, 2010 7:12am Feb 19, 2010 7:12am
I'm long targeting 1.5480 for now and trailing stops on. I believe another attempt to break the low is underway.

EU is starting to fall again.
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Discipline + Patience - Fear - Greed = Success
  • #200,774
  • Edited 7:47am Feb 19, 2010 7:14am | Edited 7:47am
And....

It points to a person, more concerned with feeding their EGO and having a flock of new people(learning) praise them.

A simple... boy I called that wrong... see you the next time I think its going to be a long trade... would do wonders for credibility.

Personally, I don't get it. I trade long in uptrend's and short in downtrends. I guess - that part - is just to simple.

BR

Quoting Magix
There has been a few of the regular posters gone MIA in the last recent weeks. This doesn't much surprise me, 2000 new traders globally per day, some gotta leave everyday too.

We almost need a rotating door installed on the thread.
  • #200,775
  • Feb 19, 2010 7:15am Feb 19, 2010 7:15am
Quoting Big1red9
Good for 300+ pips.
Could be another forming. Almost horizontal.

Dr. D.
Attached Image
  • #200,776
  • Feb 19, 2010 7:16am Feb 19, 2010 7:16am
Quoting Big1red9
And....

It points to a person, more concerned with feeding their EGO and having a flock of new people learning praise them.

A simple... boy I called that wrong... see you the next time I think its going to be a long trade... would do wonders for credibility.

Personally, I don't get it. I trade long in uptrend's and short in downtrends. I guess - that part - is just to simple.

BR
For some of these people, I don't think it is a matter of admitting they are wrong, I think it is a matter of being swallowed up by the market. To many eggs, one basket.

Overconfidence with no money management.

It's a ruff game, and that's why I still wear my hockey helmet when I trade.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,777
  • Feb 19, 2010 7:19am Feb 19, 2010 7:19am
And speaking of over confidence...I was again trying to set a topside target on a downtrend for entry. I really should know better.

Oh well.

I have shamed myself.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200,778
  • Feb 19, 2010 7:19am Feb 19, 2010 7:19am
Quoting fourxtrader
Could be another forming. Almost horizontal.

Dr. D.
Dr D well this was a half hour chart lol, but in most of your 5 minute charts you have posted and the ones I have been watching set up like yours there is a reoccuring theme I have noticed , will try and get with you soon when I get it all down to see if its anything you can use to help find that "tippingpoint"
  • #200,779
  • Feb 19, 2010 7:22am Feb 19, 2010 7:22am
Quoting Big1red9
And....

It points to a person, more concerned with feeding their EGO and having a flock of new people learning praise them.

A simple... boy I called that wrong... see you the next time I think its going to be a long trade... would do wonders for credibility.

Personally, I don't get it. I trade long in uptrend's and short in downtrends. I guess - that part - is just to simple.

BR
i agree with you.. BR..

i just wondering why some people keep saying "i'm the best" in so many way in this forum.. i believe this ff forum is not a media to promote ourself being the best trader or vice versa..

i believe that this FF forum is for discuss and learn.. not for judging "you wrong, i'm right" and so on..

  • #200,780
  • Feb 19, 2010 7:24am Feb 19, 2010 7:24am
Quoting digger1
Dr D well this was a half hour chart lol, but in most of your 5 minute charts you have posted and the ones I have been watching set up like yours there is a reoccuring theme I have noticed , will try and get with you soon when I get it all down to see if its anything you can use to help find that "tippingpoint"
Stop teasing me and start teaching me.

Dr. D.
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