Cable Update (GBPUSD) | Page 11287 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #225,721
  • May 11, 2010 2:40pm May 11, 2010 2:40pm
Quoting hhitch
sorry I just couldn't help myself
Just remember that even you were in the same position yourself 5 years ago as you pointed out earlier and I am sure at that time when you were learning how to trade Forex, you were also looking for guidance.

I know you are an experienced trader and there are a lot of new people coming into this forum to gain a better understanding of how the experienced traders trade and make money out of Forex.

Ultimately some are here to share knowledge and help others who require assistance. Others are here just to have fun and to waste time as trading can be very boring when you are on your own the whole time.

You get what you give on here and people will remember!
  • #225,722
  • May 11, 2010 2:41pm May 11, 2010 2:41pm
perhaps I am a bit full of myself today. Oh well, the whole reason this started was because he went long on GBP/USD when Forex Lion told him as a joke to go long on GBP/GBP I made a comment then he told ME to calm down... honestly I think I'm perfectly within my purview to be a bit amused by the whole thing as a somewhat experienced trader. And I do think I gave him good advice.

Quoting pawpaw1000
Wow bb, you're really ramping up the posts mate! Could we call you the master of ceremonies? ;-)

hehe...

but seriously, see you all LO 2moro...
"The real genius is knowing when to stop." - Marc Faber
  • #225,723
  • May 11, 2010 2:44pm May 11, 2010 2:44pm
Quoting hhitch
perhaps I am a bit full of myself today. Oh well, the whole reason this started was because he went long on GBP/USD when Forex Lion told him as a joke to go long on GBP/GBP I made a comment then he told ME to calm down... honestly I think I'm perfectly within my purview to be a bit amused by the whole thing as a somewhat experienced trader. And I do think I gave him good advice.
Hell, I would've taken it as a joke! been slammed many a time and if you gonna whinge, get outta the business, and maybe even out of life...

HARDEN THE F*&^K UP!

hehe...

love saying that...

anyhow, I am going now, see you 2moro... Long developing on m15 perhaps cloggs ;-)
@pawpaw1000 on Twitter
  • #225,724
  • May 11, 2010 2:46pm May 11, 2010 2:46pm
I hear ya

Quoting pawpaw1000
Hell, I would've taken it as a joke! been slammed many a time and if you gonna whinge, get outta the business, and maybe even out of life...

HARDEN THE F*&^K UP!

hehe...

love saying that...

anyhow, I am going now, see you 2moro... Long developing on m15 perhaps cloggs ;-)
"The real genius is knowing when to stop." - Marc Faber
  • #225,725
  • May 11, 2010 2:48pm May 11, 2010 2:48pm
Quoting pawpaw1000
Wow bb, you're really ramping up the posts mate! Could we call you the master of ceremonies? ;-)

hehe...

but seriously, see you all LO 2moro...


You're not wrong there... sometimes I wonder myself if I spend too much time on here... and the answer always comes to yes!

# posts means nothing and nor should it. Trouble is, I always have something to foooking say! Maybe I should pipe down my contribution, focus on my boring work and concentrate more on my Forex studies.

Have a good one!
  • #225,726
  • May 11, 2010 2:52pm May 11, 2010 2:52pm
hi all whats the damage
  • #225,727
  • May 11, 2010 2:54pm May 11, 2010 2:54pm
you're absolutely right BB, however, the difference, as I see it, is that I spent a lot of money and time travelling to seminars, reading books, TRADING AND LOSING, and generally taking responsibility for my own results... which at the end of the day, is the only way to make it in this business. I think that was the point I was trying to get across.

that having been said, I do enjoy this forum and I don't mean to offend anyone. I believe the whole thing is sort of a rorschach test for the people that read the posts. I guess that's what the smilies are for just make sure all the newbies read the smilies

Quoting bbakker
Just remember that even you were in the same position yourself 5 years ago as you pointed out earlier and I am sure at that time when you were learning how to trade Forex, you were also looking for guidance.

I know you are an experienced trader and there are a lot of new people coming into this forum to gain a better understanding of how the experienced traders trade and make money out of Forex.

Ultimately some are here to share knowledge and help others who require assistance. Others are here just to have fun and to waste time as trading can...
"The real genius is knowing when to stop." - Marc Faber
  • #225,728
  • May 11, 2010 2:57pm May 11, 2010 2:57pm
Quoting hhitch
perhaps I am a bit full of myself today. Oh well, the whole reason this started was because he went long on GBP/USD when Forex Lion told him as a joke to go long on GBP/GBP I made a comment then he told ME to calm down... honestly I think I'm perfectly within my purview to be a bit amused by the whole thing as a somewhat experienced trader. And I do think I gave him good advice.
If you'd have the common sense to go back and read you would have seen that I did NOT go long because lion said to go long on gbp/gbp!!! I went long before that at 4998 because it triggered one of my indicators and went past my entry point to go long!!! As I said, when it wen't against my target resistance level by 20+ pips, I closed because I thought the reversal was under way. Thats when you started to chime in! As I said, I wen't away from the cable chart for a few minutes (and scapled back my losses with fibre by the way) and when I came back to the cable chart I was a little mad/frustrated that it had gone back to where I would've broken even. I thought it was comical that Lion said go long and thought he messed up when typing because he was going fast and wanted people to know he thought gbp/usd (not gbp/gbp) was going up, because the pa actually did go up!!!Turned out his joke was actually correct.I was just wondering what he was thinking because at the time I thought he was serious. I DID NOT TRADE OFF HIS POST!!!

And another thing. Do you seriously think you are the only one putting in all that is needed in order to learn this stuff??? Seriously, you aren't Soros so stop being full of yourself. If you don't like going on forums to see struggling beginners trying to learn, don't go on the forums.
  • #225,729
  • May 11, 2010 3:01pm May 11, 2010 3:01pm
Quoting hhitch
you're absolutely right BB, however, the difference, as I see it, is that I spent a lot of money and time travelling to seminars, reading books, TRADING AND LOSING, and generally taking responsibility for my own results... which at the end of the day, is the only way to make it in this business. I think that was the point I was trying to get across.

that having been said, I do enjoy this forum and I don't mean to offend anyone. I believe the whole thing is sort of a rorschach test for the people that read the posts. I guess that's what the smilies...
Fair play matey and you are absolutely right! I am totally with you and thank you for getting your point across in a much clearer manner. Respect!

Talking about seminars... I am going to one myself at the end of this month
  • #225,730
  • May 11, 2010 3:03pm May 11, 2010 3:03pm
awesome! which one may I ask?

Quoting bbakker
Fair play matey and you are absolutely right! I am totally with you and thank you for getting your point across in a much clearer manner. Respect!

Talking about seminars... I am going to one myself at the end of this month
"The real genius is knowing when to stop." - Marc Faber
  • #225,731
  • May 11, 2010 3:04pm May 11, 2010 3:04pm
Cameron enters no.10 as the new PM! About bloody time too!
  • #225,732
  • May 11, 2010 3:05pm May 11, 2010 3:05pm
now back to price action... earlier in the day I was thinking perhaps we'd get more bullish as the British guv was announced... but now that it's all over, and I'm reviewing the chart, it rather appears to me that we may be at resistance -- 50% fib line, upper trendline. whaddayathink?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-100511.01.gif Size: 32 KB
"The real genius is knowing when to stop." - Marc Faber
  • #225,733
  • May 11, 2010 3:06pm May 11, 2010 3:06pm
are we don trading the news and back to the chart

are we trading this now
Attached Image (click to enlarge)
Click to Enlarge Name: 15m cable n.gif Size: 20 KB
  • #225,734
  • May 11, 2010 3:06pm May 11, 2010 3:06pm
Quoting Ineedpips9
so why not offer constructive criticism like kill,bbaker,cloggie and magix? Instead, you seem to be just belittling an obvious beginner who is working 16 hours a day trying to learn.
Here is something to make this Game a little sweeter.

Dont get greedy with a trade! its better to take 2 shots of 10 pips than hang on for the huge move. If you see a profit take it! It will do wonders for your self belief that your making the right decisions and are making some money from them.

Trade what YOU see! and dont worry if you miss it. If things start to go against you GET THE F**K out of the trade.

learn the times your particular pair moves and trade those times ( means you can have a life outside of trading) GBP/USD is pretty much always busy during london open. youll notice it often trades the opposite way to the Asian session.

Also this has helped me a lot... BE acountable to someone get someone to question your trading decisions to make sure you have the right motivation to take the trade and your not doing it on impulse.

Personally I dont trade the news unless there is strong direction and I am a scalper aswell

Use Good money managment. 1 way i have done this is to start with a micro account with a small balance $200 - $300 and keep doubling it! Im sure peeps on here will say to use 2% - 5% of your balance but i say dont hold your money in your trading account put your risk cap into it and use it!

ill send you a spreadsheet that will show u how many lots you should use to achieve your goals if you like.

Finally have fun this is probably the only job you can have that can make you totally self sufficent or totally broke hahaha
Trade what you see never what you think!
  • #225,735
  • May 11, 2010 3:07pm May 11, 2010 3:07pm
Quoting hhitch
awesome! which one may I ask?
http://www.tradingacademy.com/

See what they are like!
  • #225,736
  • May 11, 2010 3:08pm May 11, 2010 3:08pm
now who needs to calm down?

Quoting Ineedpips9
If you'd have the common sense to go back and read you would have seen that I did NOT go long because lion said to go long on gbp/gbp!!! I went long before that at 4998 because it triggered one of my indicators and went past my entry point to go long!!! As I said, when it wen't against my target resistance level by 20+ pips, I closed because I thought the reversal was under way. Thats when you started to chime in! As I said, I wen't away from the cable chart for a few minutes (and scapled back my losses with fibre by the way) and when I came back...
"The real genius is knowing when to stop." - Marc Faber
  • #225,737
  • May 11, 2010 3:09pm May 11, 2010 3:09pm
and this
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 16 KB
  • #225,738
  • May 11, 2010 3:11pm May 11, 2010 3:11pm
wow bbaker, looks good. I don't know them, but they look pretty comprehensive.

I believe (almost) any type of education one can get for oneself can only work to one's benefit, as long as they are not the rip-off type who charge an arm and a leg (and there are a few out there !) But I wish you the best of luck and I'm sure it can only benefit you.

congrats!

Quoting bbakker
http://www.tradingacademy.com/

See what they are like!
"The real genius is knowing when to stop." - Marc Faber
  • #225,739
  • May 11, 2010 3:12pm May 11, 2010 3:12pm
Seriously, I'm about as thick-skinned as it comes to business in general. It's just when I get frustrated I'm not the type to keep my mouth shut. It's just you talk about fundamentals then try to bring up how five years ago when you were starting out you were going to all the seminars and reading books and spending money and time to learn. Yeah five years ago where you live in Florida people were doing things like putting down payments for houses on credit cards so they could flip them two weeks to a month later. I know, I did it to pay for undergrad. Totally different economies compared to now. I wish I could drive to a seminar, but none are anywhere in around me (or in North Carolina in general).
  • #225,740
  • May 11, 2010 3:12pm May 11, 2010 3:12pm
Quoting hhitch
now back to price action... earlier in the day I was thinking perhaps we'd get more bullish as the British guv was announced... but now that it's all over, and I'm reviewing the chart, it rather appears to me that we may be at resistance -- 50% fib line, upper trendline. whaddayathink?

i like what i see keep it up mate
145 traders viewing now