if dixy break 81 and its now 81.06 shorts are in deep gold 
Cable Update (GBPUSD)
- #215,341
- Apr 9, 2010 9:19am Apr 9, 2010 9:19am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #215,342
- Apr 9, 2010 9:19am Apr 9, 2010 9:19am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
Been trading this morning, just got caught up on last few pages of posts. To the person who said they lost 100 pips yesterday by allowing the opinion of another trader/poster to influence them ... yep, happened to me yesterday as well. My chart told me to do one thing, but a senior trader posted he was doing the opposite. So I followed him and instead of being up 100 pips I was down 80...
Note to Newbies: FOLLOW YOUR OWN CHARTS NEVER FOLLOW EVEN THE BEST TRADER UNLESS YOUR CHARTS AGREE WITH WHAT HE/SHE IS SAYING.
You can learn tons from these advanced traders but even they get it wrong occasionally (the trader I followed later posted his own loss in that trade).
And the advanced traders usually have a lot more money than the newbies do so they can better absorb the losses. Plus they are disciplined in strict money management.
So as of today, ONLY my charts rule my trades. That means on cable I can only be long for the moment so I caught the retrace to the 5 min 200 ema at .5325. So far, so good.
I *heart* my charts
(and if they start leading me astray too often, I will just have to modify them).
Note to Newbies: FOLLOW YOUR OWN CHARTS NEVER FOLLOW EVEN THE BEST TRADER UNLESS YOUR CHARTS AGREE WITH WHAT HE/SHE IS SAYING.
You can learn tons from these advanced traders but even they get it wrong occasionally (the trader I followed later posted his own loss in that trade).
And the advanced traders usually have a lot more money than the newbies do so they can better absorb the losses. Plus they are disciplined in strict money management.
So as of today, ONLY my charts rule my trades. That means on cable I can only be long for the moment so I caught the retrace to the 5 min 200 ema at .5325. So far, so good.
I *heart* my charts
(and if they start leading me astray too often, I will just have to modify them).
*******************
I'd rather make money than be right.
- #215,343
- Apr 9, 2010 9:21am Apr 9, 2010 9:21am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #215,344
- Apr 9, 2010 9:22am Apr 9, 2010 9:22am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Been trading this morning, just got caught up on last few pages of posts....
Don't be a hero. Don't have an ego. Always question yourself
- #215,345
- Apr 9, 2010 9:23am Apr 9, 2010 9:23am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Been trading this morning, just got caught up on last few pages of posts....
great advic
- #215,346
- Apr 9, 2010 9:23am Apr 9, 2010 9:23am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Been trading this morning, just got caught up on last few pages of posts. To the person who said they lost 100 pips yesterday by allowing the opinion of another trader/poster to influence them ... yep, happened to me yesterday as well. My chart told me to do one thing, but a senior trader posted he was doing the opposite. So I followed him and instead of being up 100 pips I was down 80...
Note to Newbies: FOLLOW YOUR OWN CHARTS NEVER FOLLOW EVEN THE BEST TRADER UNLESS YOUR CHARTS AGREE WITH WHAT HE/SHE IS SAYING.
You can learn...
You are better off following your own charts and instincts, make the trade and then get confirmation on here. There will always be someone here with the same opinion
- #215,347
- Apr 9, 2010 9:29am Apr 9, 2010 9:29am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
one more swing please... 
I will be the number one Manager.
- #215,348
- Apr 9, 2010 9:31am Apr 9, 2010 9:31am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
Been trading this morning, just got caught up on last few pages of posts....
Anyway an interesting S/R fighting on 1.5351 sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #215,349
- Apr 9, 2010 9:32am Apr 9, 2010 9:32am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #215,350
- Apr 9, 2010 9:33am Apr 9, 2010 9:33am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
one more swing please...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #215,351
- Apr 9, 2010 9:34am Apr 9, 2010 9:34am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
craaaaaaaaaaaaaaaaaaaazy friday its now greece
its now greece
- #215,352
- Apr 9, 2010 9:35am Apr 9, 2010 9:35am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #215,353
- Apr 9, 2010 9:35am Apr 9, 2010 9:35am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
I got a vouch!! Thank you Baaaaaa (easer to type than BaaBaa..)
<Star doing a little Vouch Victory Dance ...sort of like the 7 Veils Dance but without the veils...>
)<Star doing a little Vouch Victory Dance ...sort of like the 7 Veils Dance but without the veils...>
*******************
I'd rather make money than be right.
- #215,355
- Apr 9, 2010 9:37am Apr 9, 2010 9:37am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #215,357
- Apr 9, 2010 9:41am Apr 9, 2010 9:41am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
I got a vouch!! Thank you Baaaaaa (easer to type than BaaBaa..
<Star doing a little Vouch Victory Dance ...sort of like the 7 Veils Dance but without the veils...>
Don't be a hero. Don't have an ego. Always question yourself
- #215,358
- Apr 9, 2010 9:46am Apr 9, 2010 9:46am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #215,359
- Apr 9, 2010 9:47am Apr 9, 2010 9:47am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
I'm outta here...
Holding onto my longs...
Enjoy your weekend!
- #215,360
- Apr 9, 2010 9:48am Apr 9, 2010 9:48am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Are you interpreting that as a change in trend to the down side, a bullish flag, or something else?
Yes bull flag it could be, although a little long for me, just was so glad playing the extremes in the meanwhile worked perfect for me.
I'll play again @ 153.15 on the top side I'm not sure because of me bias
Don't be a hero. Don't have an ego. Always question yourself