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Cable Update (GBPUSD)

  • #207,061
  • Mar 17, 2010 2:53pm Mar 17, 2010 2:53pm
Quoting pawpaw1000
closed half my position and will look to add 2moro morning! YIPEE, Bear Party here we go...
If I catch you looking at those 1min charts again, I am going to swim across the channel and flog your backside good and proper.

For any newbie, your main timeframe should be 15min, use the 1min for entry and exit, unless you have created orders to open and TP. Any lower than 15min and you will be bring on a heart attack much sooner than you think.

People on this forum have different plays. Intra and swingers (throw your car keys into the bowl)

Wormboy is a swing player. Know your plays and who is playing what. If you can work that out on this forum, it will be for the better and you will learn much more.

The missus is out tonight and the girls are in bed. Just cracked my 1st tinnie (Becks Vier... Reinheitsgebot... a much better beer... I should know I lived in Germany for 2 years)

My feet are up and my hair is down. Let's have some fun
  • #207,062
  • Mar 17, 2010 2:58pm Mar 17, 2010 2:58pm
Quoting bbakker
If I catch you looking at those 1min charts again, I am going to swim across the channel and flog your backside good and proper.

For any newbie, your main timeframe should be 15min, use the 1min for entry and exit, unless you have created orders to open and TP. Any lower than 15min and you will be bring on a heart attack much sooner than you think.

People on this forum have different plays. Intra and swingers (throw your car keys into the bowl)

Wormboy is a swing player. Know your plays and who is playing what. If you can work...
I forgot. Intra plays can last from seconds to 1 day. Swing plays can last days, weeks if not months. It depends what floats your boat. Personally I am still finding out what suits me, so I am doing both.
  • #207,063
  • Mar 17, 2010 2:58pm Mar 17, 2010 2:58pm
Quoting bbakker
If I catch you looking at those 1min charts again, I am going to swim across the channel and flog your backside good and proper.

For any newbie, your main timeframe should be 15min, use the 1min for entry and exit, unless you have created orders to open and TP. Any lower than 15min and you will be bring on a heart attack much sooner than you think.

People on this forum have different plays. Intra and swingers (throw your car keys into the bowl)

Wormboy is a swing player. Know your plays and who is playing what. If you can work...
Just in time to watch the whole show grind to a halt for the next ten hours or so!

I think we may have trouble clearing any major support tonight, however stranger things have happened during Asia!

You holding onto your short mate?

I think I may, already paid the stupid rollover fee, so no point in pulling out now.
  • #207,064
  • Mar 17, 2010 3:01pm Mar 17, 2010 3:01pm
Quoting bbakker
If I catch you looking at those 1min charts again, I am going to swim across the channel and flog your backside good and proper.

For any newbie, your main timeframe should be 15min, use the 1min for entry and exit, unless you have created orders to open and TP. Any lower than 15min and you will be bring on a heart attack much sooner than you think.

People on this forum have different plays. Intra and swingers (throw your car keys into the bowl)

Wormboy is a swing player. Know your plays and who is playing what. If you can...
All time frames fundamentally play the same, cycle the same and find supports with the same logic. It is up to the individual to figure that out. An entry off of the 15 can be just as much of a gamble as can off the 1.

Any tool in the wrong hands can be dangerous.
Show me your tits
  • #207,065
  • Mar 17, 2010 3:08pm Mar 17, 2010 3:08pm
Quoting bbakker
If I catch you looking at those 1min charts again, I am going to swim across the channel and flog your backside good and proper.

For any newbie, your main timeframe should be 15min, use the 1min for entry and exit, unless you have created orders to open and TP. Any lower than 15min and you will be bring on a heart attack much sooner than you think.

People on this forum have different plays. Intra and swingers (throw your car keys into the bowl)

Wormboy is a swing player. Know your plays and who is playing what. If you can work...
I also lived in germany for 6months and 3months, so 9 months

The beer is REALLY good! but was a bit young to really enjoy!

Well, got 40 pips on that ride, am soo happy as my balance needed that boost! starting to realise its the s^&t I do when I'm bored that costs me. Like just opening a short without really thinking, losing 10 pips, closing and going in the other direction to lose another 10...

That was yesterday and one today but just shows you, boredom is my BIGGEST enemy, and then the bulls!
@pawpaw1000 on Twitter
  • #207,066
  • Mar 17, 2010 3:09pm Mar 17, 2010 3:09pm
Quoting wormboy
Been a nice ride up fellas. Good job to those who bought
But I have switch sides & looking to kick some bulls's ass

Currently we've offloaded all long positions & started to build short positions as there is a bearish rising wedge formation. Will look to add further once price close below the wedge. 5420 provides resistance. Close above that will invalidate current setup.


Time will tell. Good luck.
Even here around 1.5340 -- if it holds-- might be a good place to sell bro...trouble right now is she's stuck between a rock (1.5340) and a hard place (minor ascending TL off which she bounced intraday)...
1.5340 goes though she'll advance further
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Hear the music before the song is over ...
  • #207,067
  • Mar 17, 2010 3:13pm Mar 17, 2010 3:13pm
well bbaker, I'm still in with half my trade... Put s/l at 1.53438 so hoping 40 holds...

think Asia will be pretty flat hey!
@pawpaw1000 on Twitter
  • #207,068
  • Mar 17, 2010 3:16pm Mar 17, 2010 3:16pm
Quoting antic81
Just in time to watch the whole show grind to a halt for the next ten hours or so!

I think we may have trouble clearing any major support tonight, however stranger things have happened during Asia!

You holding onto your short mate?

I think I may, already paid the stupid rollover fee, so no point in pulling out now.
Of course I'm still holding. Looking to add if it breaks the trendline on Wormie's chart with an open order. (I get in at a price that I want, maybe whilst sleeping ) Make sure your SL is above the other trendline, you don't want to be caught with your pants down while you are sleeping

Anyhow, I suppose these inglourious (thieving) basterds (good Tarantino film, btw) have to make their money somehow and a rollover is a good excuse of theirs to do it in. Hence I will be looking for a commission based broker rather than a spread broker, but that will take some time to research. In the mean time, I might move to a spread broker rather than use IG Index's piece of sheeeeeeet, but I'm still researching that too.

Today for example, if you go back over the posts, one or two people have had problems connecting to Oanda and I think Alpari if my memory serves me correctly. I don't think any broker is immune to these 'blackouts', but you don't want one where it happens too frequently, otherwise
  • #207,069
  • Mar 17, 2010 3:21pm Mar 17, 2010 3:21pm
Quoting GlobalMacro
Even here around 1.5340 -- if it holds-- might be a good place to sell bro...trouble right now is she's stuck between a rock (1.5340) and a hard place (minor ascending TL off which she bounced intraday)...
1.5340 goes though she'll advance further
Too true! I need to check my chart WHEN this wedgie elastic will break. If it is not too late, I will be staying around. Checking....
  • #207,070
  • Mar 17, 2010 3:23pm Mar 17, 2010 3:23pm
this pair has very little chance of staying afloat.

m
  • #207,071
  • Mar 17, 2010 3:27pm Mar 17, 2010 3:27pm
Quoting bbakker
Too true! I need to check my chart WHEN this wedgie elastic will break. If it is not too late, I will be staying around. Checking....
I make that about 90 mins. The wedgie breaks at the latest at 9am tomorrow around ~15440, but it needs to break through some decent support lines to get there!
  • #207,072
  • Mar 17, 2010 3:28pm Mar 17, 2010 3:28pm
Quoting bbakker
...a rollover is a good excuse of theirs to do it in. Hence I will be looking for a commission based broker rather than a spread broker, but that will take some time to research.
I wonder if you can find a proper combination. I am with commission broker, because he is true ECN and has very very good spreads but, naturally, his rollovers are disgusting. Commission brokers probably are not interested in serving positions hold for longer period (where should be their commission then) and probably use the rollover as a drive tool for making more trades.

Please, let me know if you find someone who is different.
  • #207,073
  • Mar 17, 2010 3:33pm Mar 17, 2010 3:33pm
Quoting JanPoko
I wonder if you can find a proper combination. I am with commission broker, because he is true ECN and has very very good spreads but, naturally, his rollovers are disgusting. Commission brokers probably are not interested in serving positions hold for longer period (where should be their commission then) and probably use the rollover as a drive tool for making more trades.

Please, let me know if you find someone who is different.
I have been told that there are zero spread brokers out there, but let me do my research which, seriously, might take me a couple of months, as I have work commitments AND I do do my due diligence!
  • #207,074
  • Mar 17, 2010 3:46pm Mar 17, 2010 3:46pm
Quoting pawpaw1000
I also lived in germany for 6months and 3months, so 9 months

The beer is REALLY good! but was a bit young to really enjoy!

Well, got 40 pips on that ride, am soo happy as my balance needed that boost! starting to realise its the s^&t I do when I'm bored that costs me. Like just opening a short without really thinking, losing 10 pips, closing and going in the other direction to lose another 10...

That was yesterday and one today but just shows you, boredom is my BIGGEST enemy, and then the bulls!
Don't get sucked in! Plan your trades. If you're bored, look at your charts, see what is happening, once you are confident and the signals are there, go in, not before.

We have all been there and to be honest I still occassionally do it myself... and I think, you fu*!%#ing moron, Bakker.

This is where discipline comes in. The first thing to do to correct this BAD habit is to catch yourself doing it... like an alcoholic or more to the point a crack addict admitting he's got a problem... and walk away. Yes, walk away, cool down, do something else, have a wank, anything but Forex. I know it is not easy, like coming off crack or alcohol, but the good thing is, you can have more of it, unlike crack or alcohol.

Forex will be here tomorrow, next year, in matter of fact it will still be here when I am dead. You don't have to catch every wave up or down. There will be plenty of opportunities!

I sound like a fu*!%#ing pro, which I am not, but if I keep repeating this in my head and on this forum, it will eventually sink in
  • #207,075
  • Mar 17, 2010 3:58pm Mar 17, 2010 3:58pm
Quoting acumen
this pair has very little chance of staying afloat.

m
Sounds to me like a high probability setup. The perfect setup in my book.
  • #207,076
  • Mar 17, 2010 4:03pm Mar 17, 2010 4:03pm
Tick, tock, tick, tock.... 1 hour to go. Onto my second tinnie

I forgot... this is the graveyard shift. Might have to wait a little bit longer. Footie on the telly... because I feel like I am talking to myself

I forgot... the cleaner is coming tomorrow and the missus asked me to tidy up.... oh boogger!
  • #207,077
  • Mar 17, 2010 4:08pm Mar 17, 2010 4:08pm
Quoting bbakker
Tick, tock, tick, tock.... 1 hour to go. Onto my second tinnie

I forgot... this is the graveyard shift. Might have to wait a little bit longer. Footie on the telly... because I feel like I am talking to myself

I forgot, the cleaner is coming tomorrow and the missus asked me to tidy up.... oh boogger!
well did dig deep this time or fill the dam hole and what kind player u are swing a hit man or short long killer
  • #207,078
  • Mar 17, 2010 4:09pm Mar 17, 2010 4:09pm
Quoting bbakker
Don't get sucked in! Plan your trades. If you're bored, look at your charts, see what is happening, once you are confident and the signals are there, go in, not before.

We have all been there and to be honest I still occassionally do it myself... and I think, you fu*!%#ing moron, Bakker.

This is where discipline comes in. The first thing to do to correct this BAD habit is to catch yourself doing it... like an alcoholic or more to the point a crack addict admitting he's got a problem... and walk away. Yes, walk away, cool down, do something else,...
thanks bbakker! All you said is true and will try and remember! maybe even repeat it like you

I'm looking to nurse this trade to a super bear that could kill all the bulls at once
@pawpaw1000 on Twitter
  • #207,079
  • Mar 17, 2010 4:11pm Mar 17, 2010 4:11pm
Quoting pawpaw1000
well bbaker, I'm still in with half my trade... Put s/l at 1.53438 so hoping 40 holds...

think Asia will be pretty flat hey!
man i was with tsar online and i told him i hit the b;;;;;;;;;;;;;;;;;h on the head 63 it was close 28 it was fun now too darn slow no where to go but ??????
  • #207,080
  • Mar 17, 2010 4:19pm Mar 17, 2010 4:19pm
Quoting kill56
well did dig deep this time or fill the dam hole and what kind player u are swing a hit man or short long killer
I'm half way to Australia

I dunno, but I've got you in my sights
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