@pawpaw1000 on Twitter
Cable Update (GBPUSD)
- #213,881
- Apr 7, 2010 6:53am Apr 7, 2010 6:53am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
- #213,882
- Apr 7, 2010 6:54am Apr 7, 2010 6:54am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
enjoy the green bro
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #213,884
- Apr 7, 2010 6:54am Apr 7, 2010 6:54am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #213,885
- Apr 7, 2010 6:55am Apr 7, 2010 6:55am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Am also looking at the lower hi of the H4 compared to yesterday, what worked yesterday does not necessarily hold through today. The big question for me here wether to get out or not is the 365ma on M30, it just pierced and if this M30 closes I will stay in my short.
Edit: got out at 5155, still a bearish indication, will reenter at appropriate position.
I have booked 1/2 of my positions & will scale out according to the levels mentioned earlier.
Good luck with your trades. Dinner time!
Thank You 
- #213,886
- Apr 7, 2010 6:57am Apr 7, 2010 6:57am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thanks wormy!!! wasnt sure why cloggs was still holding or anyone for that matter... Good to have a nice explanation like that...
Green pips all!
You're welcome buddy. Good luck with your trades
Thank You
Hows it going all.
Come back from meeting to find my short has closed out to profit..... always a nice pick you up after a budget meeting
I've just booked another short at 1.5170 so hopefully can add some more. Set take profit at 1.5120 which should clear me a nice profit for the day.
Also had a bit of good luck on the Eur/Gbp with a long trade I'd booked from .8770 closing at .8807 (actually shot up to .8820 so missed a bit) only 30 pip profit but because you get 1.6 per pip works out to be equal to just shy of 50 pips.
Had a look at my journal for the past two weeks and getting close to clearing nearly 1500 pips profit for the period. WELL HAPPY!!!!!!!!!!!!!
Come back from meeting to find my short has closed out to profit..... always a nice pick you up after a budget meeting
I've just booked another short at 1.5170 so hopefully can add some more. Set take profit at 1.5120 which should clear me a nice profit for the day.
Also had a bit of good luck on the Eur/Gbp with a long trade I'd booked from .8770 closing at .8807 (actually shot up to .8820 so missed a bit) only 30 pip profit but because you get 1.6 per pip works out to be equal to just shy of 50 pips.
Had a look at my journal for the past two weeks and getting close to clearing nearly 1500 pips profit for the period. WELL HAPPY!!!!!!!!!!!!!
- #213,888
- Apr 7, 2010 6:57am Apr 7, 2010 6:57am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #213,889
- Apr 7, 2010 6:59am Apr 7, 2010 6:59am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
for me and u
Are you a good Trader ?
These days everyone interested in Trading the FOREX MARKET wants to be a Forex Trader.
To determine if you will be a good trader, ask yourself the following questions...
a Person who has a good chance at being a successful trader has the following attributes.
read...
These days everyone interested in Trading the FOREX MARKET wants to be a Forex Trader.
To determine if you will be a good trader, ask yourself the following questions...
a Person who has a good chance at being a successful trader has the following attributes.
- Is properly capitalized - enough money to trade and survive.
- Treats Trading as a Business.
- Has a low tolerance for risk.
- Trades only when the market provides an opportunity.
- Can control your emotions.
- Has a Trading Plan.
- Has a risk management plan.
- Is incredibly disciplined.
- Is focused.
- Has back tested his trading methodology.
a Person who has a good chance at failure has any of the the following attributes.
- Is undercapitalized.
- Lacks discipline.
- Overtrades.
- Does not understand the markets.
- Rushes into trades.
- Chases the market.
- Is afraid of missing a move.
- Is stubborn and marries a position or idea.
- Misinterprets the market news.
- Is always looking for home runs.
- Lets losers get too big.
- Takes winners prematurely.
- Takes trading too lightly.
- Takes large risks.
- Has little control of his emotions.
Suggested reading:
Before he became a successful trader, Marcel Link spent years wading from one system to the next, using trial and error to figure out what worked, what didn't, and why. In High Probability Trading, Link reveals the steps he took to become a consistent, patient, and winning trader--by learning what to watch for, what to watch out for, and what to do to make each trade a high probability trade... __________________
- #213,890
- Apr 7, 2010 7:00am Apr 7, 2010 7:00am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Hows it going all.
Come back from meeting to find my short has closed out to profit..... always a nice pick you up after a budget meeting
I've just booked another short at 1.5170 so hopefully can add some more. Set take profit at 1.5120 which should clear me a nice profit for the day.
Also had a bit of good luck on the Eur/Gbp with a long trade I'd booked from .8770 closing at .8807 (actually shot up to .8820 so missed a bit) only 30 pip profit but because you get 1.6 per pip works out to be equal to just shy of 50 pips.
Had a look at...
@pawpaw1000 on Twitter
- #213,892
- Apr 7, 2010 7:01am Apr 7, 2010 7:01am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
okay good one
I have booked 1/2 of my positions & will scale out according to the levels mentioned earlier.
Good luck with your trades. Dinner time!
I am negative pips for today, but positive on dollar amount as I adjusted my lotsize accordingly. This has been another interesting trading day so far. The H4 is till bearish, however did not want to be greedy.
- #213,894
- Apr 7, 2010 7:02am Apr 7, 2010 7:02am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
That was EXACTLY my problem. I'd got very lucky with some random trades on Oil and GBP/USD, made a fair bit of money, leading to my downfall.
1. Didnt put SL's on so that I'd just ride the wave until things came back to me if I knew it would
2. Got cocky with the size of the trades because I'd made some reasonable money
3. Doubled up trades when things were going up being greedy
My lessons learned so far:
1. SL or lose it is right (nice sig
2. Just because you've made some money, dont gamble it away
3. Dont get too greedy
Also very important,...
us noobs are all the same brother
@pawpaw1000 on Twitter
- #213,895
- Apr 7, 2010 7:04am Apr 7, 2010 7:04am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Add another bear cavalary, never done the task in the kitchen again ! I want she clears WP (1.5148) and MP shortly (1.5117) !
they are busy now bro 
- #213,896
- Apr 7, 2010 7:07am Apr 7, 2010 7:07am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #213,897
- Apr 7, 2010 7:10am Apr 7, 2010 7:10am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
darn the b;;;;;;;;;;;;;;;;;;;;;;h have the same play retrace from the same line 
to me it was the pivot line we need a break and h1 open below for her to go to the morgue
to me it was the pivot line we need a break and h1 open below for her to go to the morgue 
- #213,898
- Apr 7, 2010 7:15am Apr 7, 2010 7:15am
- | Joined Apr 2010 | Status: In the red, aiming for the green! | 285 Posts
got 50% fibo at 5210 which is very close to dp sooo maybe go back there and down again?
EDIT: but 80 has to go 1st...
(for a semi skint noob, and I'm stating the obvious too for most of you), 15158 was a 61.8% fib from mid March (around todays turning point), and 15180 is 23.6% from the drop from earlier this year?THEORY being that if we break above 15180 the charts would suggest we could get back to 15382 again, possibly 15424, assuming the supports holds and we get to break back above DP.
I'm just being optimistic, then I may get to catch the next train
Back to basics, it has to be for me!
- #213,899
- Apr 7, 2010 7:15am Apr 7, 2010 7:15am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
