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Cable Update (GBPUSD)

  • #222,701
  • Apr 29, 2010 11:09am Apr 29, 2010 11:09am
Quoting wormboy
huelo osos muertos lol
the osos are just hibernating and waiting for spring
  • #222,702
  • Apr 29, 2010 11:10am Apr 29, 2010 11:10am
Close Long prepare to Short.
I will be the number one Manager.
  • #222,703
  • Apr 29, 2010 11:11am Apr 29, 2010 11:11am
Quoting javapips
Close Long prepare to Short.
what gives a good signal to go short?
I have no enemy; I make Incautiousness my Enemy.
  • #222,704
  • Apr 29, 2010 11:14am Apr 29, 2010 11:14am
Quoting jimobiwan
what gives a good signal to go short?
I'm asking myself the same question at this point... AIAIAIAI!

went short 3 times today, one this morning at london open (fake bear), one scalp which went very well (made 20 pips) and now this evening with this stupid cable which decides it is gonna go some more!!! aiaiai...

BAD day for me... entering with too large positions to try and make up lost cash and losing very nicely...

Guess I'm gonna be like everyone else who blows an account unless I start to chill out...

200 pips today!!!!!!!!!!!!
@pawpaw1000 on Twitter
  • #222,705
  • Apr 29, 2010 11:15am Apr 29, 2010 11:15am
as we discussed yesterday.. DX has found resistance.. and making a u-turn.. Perhaps, evening star is forming..
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 27 KB
  • #222,706
  • Apr 29, 2010 11:17am Apr 29, 2010 11:17am
What caused this massive Bullish GU movement within the past 30 min???
  • #222,707
  • Apr 29, 2010 11:17am Apr 29, 2010 11:17am
holy crap, couldnt help it and took a short at 1.5334

will add another one at 1.5354 if we get there )
  • #222,708
  • Apr 29, 2010 11:17am Apr 29, 2010 11:17am
Quoting pawpaw1000
I'm asking myself the same question at this point... AIAIAIAI!

went short 3 times today, one this morning at london open (fake bear), one scalp which went very well (made 20 pips) and now this evening with this stupid cable which decides it is gonna go some more!!! aiaiai...

BAD day for me... entering with too large positions to try and make up lost cash and losing very nicely...

Guess I'm gonna be like everyone else who blows an account unless I start to chill out...

200 pips today!!!!!!!!!!!!
why u trigger short with big lots as you know you are against the trend.. I thought you are only scalping here and there..
  • #222,709
  • Apr 29, 2010 11:20am Apr 29, 2010 11:20am
Quoting cloggie
Got stopped out, am focusing on fibre now. Will come back to cable later.
Yup... me too. That is life! We can't be right all of the time. I am focusing on my work now.
  • #222,710
  • Apr 29, 2010 11:20am Apr 29, 2010 11:20am
Quoting lexazver
holy crap, couldnt help it and took a short at 1.5334
with candle like that? ermmm...

One wiseman said.. price is like a train.. it does not have a handbrake.. Means that it cannot change direction suddenly.. it need to slow down first (consolidation period) before it can change direction..
  • #222,711
  • Apr 29, 2010 11:21am Apr 29, 2010 11:21am
Quoting A-speculator
why u trigger short with big lots as you know you are against the trend.. I thought you are only scalping here and there..
well, had what looked like double top on m5 and my ma's called for me to go short and so I did. We also had 80 resistance with a already 130pips up move so it was actually a very good trade!
@pawpaw1000 on Twitter
  • #222,712
  • Apr 29, 2010 11:23am Apr 29, 2010 11:23am
Quoting A-speculator
with candle like that? ermmm...

One wiseman said.. price is like a train.. it does not have a handbrake.. Means that it cannot change direction suddenly.. it need to slow down first (consolidation period) before it can change direction..
interesting comparison
  • #222,713
  • Apr 29, 2010 11:23am Apr 29, 2010 11:23am
Quoting lexazver
holy crap, couldnt help it and took a short at 1.5334

will add another one at 1.5354 if we get there )
target if I may ask... ? I dont have the balls to go short now. But 50 might tempt me...
@pawpaw1000 on Twitter
  • #222,714
  • Apr 29, 2010 11:24am Apr 29, 2010 11:24am
Quoting pawpaw1000
well, had what looked like double top on m5 and my ma's called for me to go short and so I did. We also had 80 resistance with a already 130pips up move so it was actually a very good trade!
I tell u what.. why don't you try to trade based on 4h.. see how your results then.. try limit the use of lower TF.. Just a thought..
  • #222,715
  • Apr 29, 2010 11:25am Apr 29, 2010 11:25am
Quoting pawpaw1000
well, had what looked like double top on m5 and my ma's called for me to go short and so I did. We also had 80 resistance with a already 130pips up move so it was actually a very good trade!

Yes it was, but you have to revisit your lotsize. Pick your size so that you can sustain 40 consecutive losses without blowing your account if all 40 would hit your SL, that's a good start into proper MM
  • #222,716
  • Apr 29, 2010 11:27am Apr 29, 2010 11:27am
Quoting A-speculator
I tell u what.. why don't you try to trade based on 4h.. see how your results then.. try limit the use of lower TF.. Just a thought..
sounds like a good idea but it doesnt fit me... I've tried, I'm more into shorter tf's...

I just need to keep practising!!! I'll get there eventually, I have a very nice system just struggle to stick to the rules sometimes!
@pawpaw1000 on Twitter
  • #222,717
  • Apr 29, 2010 11:29am Apr 29, 2010 11:29am
Quoting cloggie
Yes it was, but you have to revisit your lotsize. Pick your size so that you can sustain 40 consecutive losses without blowing your account if all 40 would hit your SL, that's a good start into proper MM
jip, 2.5%... but I am down and wanted so bad to be BE again!!! am so pissed now. Guess my problem is still I want to be a trader NOW instead of wanting to BECOME a trader!

EDIT: reckon we will see 50 tonight? I'd love to short it!
@pawpaw1000 on Twitter
  • #222,718
  • Apr 29, 2010 11:30am Apr 29, 2010 11:30am
Well, looking long-term it seems we are heading for the 200ma on d1, which is currently at 1.5716, so there is plenty of more upscope, although election is only a week away now. 400 pips in one week is possible, although we have some serious resistance lines to break through first with the most noteable one at 1.5520, the recent high.

Just a long-term outlook, but taking it one day at a time!

Good luck with your trading!
  • #222,719
  • Apr 29, 2010 11:31am Apr 29, 2010 11:31am
Quoting pawpaw1000
sounds like a good idea but it doesnt fit me... I've tried, I'm more into shorter tf's...

I just need to keep practising!!! I'll get there eventually, I have a very nice system just struggle to stick to the rules sometimes!
The thing is, I always read your post, but most of the time you're going against the longer term trader..

I really don't know what's went wrong, is it the system or is it you yourself.. or the system doesn't actually fit you and you try so hard to fit into the system... sorry mate for your loss..
  • #222,720
  • Apr 29, 2010 11:34am Apr 29, 2010 11:34am
Quoting A-speculator
The thing is, I always read your post, but most of the time you're going against the longer term trader..

I really don't know what's went wrong, is it the system or is it you yourself..
reckon its me... Btw, I changed my system a bit a week ago to give me more solid entries like the one I was looking at around 80.

You cant say it wasnt a good entry...
@pawpaw1000 on Twitter
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