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Cable Update (GBPUSD)

  • #215,661
  • Apr 11, 2010 2:29am Apr 11, 2010 2:29am
Quoting bonus76
For the traders who think forex is boring. HMmm Maybe u should go back to work , job that u did before u start trading.
man forex is too darn boring if u dont

have fun while trading

smoke the darn crackforex and get high

treat u order like a lovely nice women

dam it i am already high

hi all
  • #215,662
  • Edited 2:55am Apr 11, 2010 2:41am | Edited 2:55am
Quoting kill56
let me ask first what is u target daily and when u enter the trade
are u a long term trader day trader
1. no fixed target
2. not trading every day (no views no trades) => should be added to your list
3. trades mostly between 1 and 5 days, so medium I guess
Don't be a hero. Don't have an ego. Always question yourself
  • #215,663
  • Apr 11, 2010 2:41am Apr 11, 2010 2:41am
Quoting bonus76
For the traders who think forex is boring. HMmm Maybe u should go back to work , job that u did before u start trading.
They don't mean boring in that sense. Trading forex is like playing golf... you need to keep your emotions in check. Wild emotions can play havoc with your decision making that can ultimately cost you the game.
  • #215,664
  • Apr 11, 2010 2:52am Apr 11, 2010 2:52am
Quoting bbakker
They don't mean boring in that sense. Trading forex is like playing golf... you need to keep your emotions in check. Wild emotions can play havoc with your decision making that can ultimately cost you the game.
On the way out for a game... beautifull day here for it....
  • #215,665
  • Apr 11, 2010 3:13am Apr 11, 2010 3:13am
Quoting USD-Bear
1. no fixed target
2. not trading every day (no views no trades) => should be added to your list
3. trades mostly between 1 and 5 days, so medium I guess

1. i will stay away from GJ its a killer stick with cable it dos 150pips average daily

2. dont risk more than %2 of u account

3. SL on cable not less than 50pip

4. use a traling stop if u wanna hold u poistion and u are on green

5. cash in if u position near a sup ,res,fib lines

best of luck greeny all the way
  • #215,666
  • Edited 3:55pm Apr 11, 2010 3:31am | Edited 3:55pm
Chart for opening trading eur/jpy 12. apr 2010 - target down to 124,00 (pennant formation)
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy2.jpg Size: 101 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #215,667
  • Apr 11, 2010 3:46am Apr 11, 2010 3:46am
Quoting jckm
Chart for opening trading eur/jpy 12. apr 2010 - target down to 124,00 (pennant formation)
i enjoy your analysis but those lines u have have no technical significance..u are trading what u want to see as apposed to what is actually happenning


example the red trendlines u have is not a channel..if its not obvious yur looking for it
  • #215,668
  • Apr 11, 2010 3:51am Apr 11, 2010 3:51am
Quoting bbakker
Attachment

I'm keeping it simple. Looking at the daily we have just breached the long-term resistance line at 1.5351, but not convincingly, although we are in an uptrend. The daily candle does have a solid finish above this resistance line, so 1.5534 will be the new target, but we are at a crossroads and it all depends how much fight the bears have left in them at this resistance line of ~1.5351. and we could go back to 1.5122.

There is no major economic news coming out of the UK this week, but we do have US unemployment claims...
I was talking out of my backside because the daily candle does have a solid finish above the resistance line, so I have edited the original post and now reads correctly. Too many things on my mind and I will now switch this PC off!
  • #215,669
  • Apr 11, 2010 3:56am Apr 11, 2010 3:56am
read with me room

http://forex-strategies-revealed.com/solid-trading-tips
  • #215,670
  • Apr 11, 2010 4:32am Apr 11, 2010 4:32am
Quoting kill56
1. i will stay away from GJ its a killer stick with cable it dos 150pips average daily

2. dont risk more than %2 of u account

3. SL on cable not less than 50pip

4. use a traling stop if u wanna hold u poistion and u are on green

5. cash in if u position near a sup ,res,fib lines

best of luck greeny all the way
Thanks for your input, concerning GJ I disagree strongly but it is indeed a complicated one.
When GU and UJ point to the same direction, it's the most beautifull pair on earth I can find.
Don't be a hero. Don't have an ego. Always question yourself
  • #215,671
  • Apr 11, 2010 4:36am Apr 11, 2010 4:36am
Quoting kill56
man forex is too darn boring if u dont

have fun while trading

smoke the darn crackforex and get high

treat u order like a lovely nice women

dam it i am already high

hi all

man i wish i could meet u in real like..we would have fun ..LOL
GOTTA have fun..the game is boring, unless u doing something wrong
  • #215,672
  • Apr 11, 2010 4:36am Apr 11, 2010 4:36am
4xStar;3626891]My biggest challenges marked in red:
I suggest everyone who is not making money consistently print out this list, mark YOUR biggest challengess in red & tape it to your monitor .. or to your forehead ...facing inward.

Dating Mistakes

The following list contains the most common dating mistakes ...

1. Not using a "dating plan"
2. Not having a money management game plan
3. Not using protective ...... err
4. Closing winning dates early and letting losing dates run
5. Overstaying your position .... err
6. Averaging a losing dates
7. Increasing your risk with success
8. Overdating your account
9. Failure to take profits from your account
10. Changing your date plan in mid-date
11. Not having patience
12. Not having discipline
__________________

[/quote]

ummmmmmmm ,

sir i am a newbie, kindly explain line by line
  • #215,673
  • Apr 11, 2010 4:50am Apr 11, 2010 4:50am
Quoting nAVIN2007
man i wish i could meet u in real like..we would have fun ..LOL
GOTTA have fun..the game is boring, unless u doing something wrong
same here bro, enjoy the ride while it last life is tooo darn short
  • #215,674
  • Apr 11, 2010 4:53am Apr 11, 2010 4:53am
Quoting Artie
Have you looked at:
http://www.forexrate.co.uk/forexhistoricaldata.php

They have M1, M10, H1, D, W & M on a fair selection of the pairs, plus the major equities, indexes and commondities. Goes back 2000 data points - perhaps not enough for your needs. Save to csv and import into Excel.

Good luck. If you find something better - I'm always looking for better data.
thanks artie. 2000 transations on the minute equates to approx 18 hours of data. guess its a case of build my excel file up over time from this data ensuring it is downloaded every day!!!!

I've left an email on fxcm admin support to see if they know of any data download sites, but given my experience with their support I wont hold my breath as to when they come back with an answer!!!
  • #215,675
  • Apr 11, 2010 4:59am Apr 11, 2010 4:59am
lion



Dating Mistakes

The following list contains the most common dating mistakes ...

1. Not using a "dating plan"
2. Not having a money management game plan
3. Not using protective ...... err http://cdn.forexfactory.com/images/s...yim/tongue.gif no joy
4. Closing winning dates early and letting losing dates run
5. Overstaying your position .... err http://cdn.forexfactory.com/images/s...yim/tongue.gifhit and run u live longer
6. Averaging a losing dates
7. Increasing your risk with success
8. Overdating your account
9. Failure to take profits from your account http://cdn.forexfactory.com/images/s..._the_floor.gifhoney bunny
10. Changing your date plan in mid-date
11. Not having patience
12. Not having discipline
  • #215,676
  • Apr 11, 2010 5:12am Apr 11, 2010 5:12am
Quoting forexlion
4xStar;3626891]My biggest challenges marked in red:
I suggest everyone who is not making money consistently print out this list, mark YOUR biggest challengess in red & tape it to your monitor .. or to your forehead ...facing inward.

[b]Dating Mistakes

The following list contains the most common dating mistakes ...

1. Not using a "dating plan"
2. Not having a money management game plan
3. Not using protective ...... err
[size=5][color=#ff0000][size=5][color=#ff0000]4....
ummmmmmmm ,

sir i am a newbie, kindly explain line by line [/quote]

nice i like it..they more likely to stick now
  • #215,677
  • Apr 11, 2010 5:17am Apr 11, 2010 5:17am
Quoting kill56
lion



[b]Dating Mistakes

The following list contains the most common dating mistakes ...

1. Not using a "dating plan"
2. Not having a money management game plan
3. Not using protective ...... err http://cdn.forexfactory.com/images/s...yim/tongue.gif no joy
[size=5][color=#ff0000][size=5][color=#ff0000]4. Closing winning dates early and...
I see this rules apply to everything in life. I think mistake #9 is really a great mistake
  • #215,678
  • Apr 11, 2010 5:27am Apr 11, 2010 5:27am
kill, you are a riot .. and getting higher by the minute I would assume

Edit: oops, looks like lion was the originator of this, kill just reposted .. in any case, it is clever .. and shows how certain rules can be applied to many life situations.

Quoting kill56
lion



Dating Mistakes

The following list contains the most common dating mistakes ...

1. Not using a "dating plan"
2. Not having a money management game plan
3. Not using protective ...... err http://cdn.forexfactory.com/images/s...yim/tongue.gif no joy
[b][size=5][color=#ff0000][size=5][color=#ff0000]4....
******************* I'd rather make money than be right.
  • #215,679
  • Apr 11, 2010 5:29am Apr 11, 2010 5:29am
Quoting kill56
lion



Dating Mistakes

The following list contains the most common dating mistakes ...

1. Not using a "dating plan"
2. Not having a money management game plan
3. Not using protective ...... err http://cdn.forexfactory.com/images/s...yim/tongue.gif no joy
[b][size=5][color=#ff0000][size=5][color=#ff0000]4....
...and there can be 100 reasons more..K.I.S.S...keep it simple stupid (successfull is better)...stop the loss...trail the stop..let the profit runs and withdraw from them if you need the money....
  • #215,680
  • Apr 11, 2010 5:37am Apr 11, 2010 5:37am
Quoting kill56
1. i will stay away from GJ its a killer stick with cable it dos 150pips average daily

2. dont risk more than %2 of u account

3. SL on cable not less than 50pip

4. use a traling stop if u wanna hold u poistion and u are on green

5. cash in if u position near a sup ,res,fib lines

best of luck greeny all the way
Good ones & I would add to trade multiple small positions rather than one larger one .. that way you can cash out 1 or 2 at s/r levels, let the others ride, and on a long run, add back in on dips.
And I agree with USD-Bear on GY .. she is one amazing pair & if you take the time to learn her ways you will be greatly rewarded. But it does take time!
One tip I learned, watch AJ and EJ as well .. if all 3 moving in sync AND cable is showing independent strength, the ride can be spectacular .. doesn't happen that often but well worth waiting for
******************* I'd rather make money than be right.
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