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Cable Update (GBPUSD)

  • #230,321
  • Jun 7, 2010 6:34pm Jun 7, 2010 6:34pm
Quoting Nene
Looking at the wrong charts. The 70 on the 4hr is the 200 on the 1 hr. My bad, but I would be a little more polite if I found someone elses mistake. I have been in and out of the hospital with my Son this week and am a little tired. Oh and by the way, we know some of us don't make mistakes, don't we.

Appologies, Jim
I have got to know Magik well and he is a good guy .. however that post was about as polite as he gets ...lol
Blogging daily now at www.volume.zone
  • #230,322
  • Jun 7, 2010 6:34pm Jun 7, 2010 6:34pm
Yeah man and I hope all is well with you or your son.

Donnie
  • #230,323
  • Jun 7, 2010 6:38pm Jun 7, 2010 6:38pm
Quoting Nene
What an Ass
Seriously dude....

You are really bringing it on yourself.

Either you have no idea how a clock works, or no idea how a calculator works.

H4200/H1=50EMA.

4hrs/1hr=4
200/4=50
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,324
  • Jun 7, 2010 6:46pm Jun 7, 2010 6:46pm
http://www.forexfactory.com/showpost...stcount=154912



Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #230,325
  • Jun 7, 2010 6:52pm Jun 7, 2010 6:52pm
That explains it, canada, with a small C. I put him in the Ignore box. I can not handle people who are that unprofessional. I am sorry, but I got enough to worry about here at home.

Jim
  • #230,326
  • Jun 7, 2010 6:53pm Jun 7, 2010 6:53pm
Quoting malcolmb14
I have got to know Magik well and he is a good guy .. however that post was about as polite as he gets ...lol
My first reply to Nene was polite until he started telling me what good traders do. That whole adding losing positions 300+ pips up the chart, which would at a conservative guestimate drop an account by some 60-70k in order to make 100k.(Cough cough cough bullshit)....

When the muck starts a flying Mal, you know me buddy.

I am surprised that you didn't come out on that one.

You love when guys brag about gains or BE exits from 300 plus pips wrong on a position, nevermind somebody that claims a $100k victory monster trade on the same.

Pshhhhh, don't even get me started.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,327
  • Jun 7, 2010 6:55pm Jun 7, 2010 6:55pm
Quoting Nene
That explains it, canada, with a small C. I put him in the Ignore box. I can not handle people who are that unprofessional. I am sorry, but I got enough to worry about here at home.

Jim
If you put me on ignore Jim...

How will you clone your next charts to look like mine?

Secondly there Ace....

It would be in your best interest to not like me and learn from me, then be left in the dark and trade off your own devices.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,328
  • Jun 7, 2010 7:00pm Jun 7, 2010 7:00pm
isn't that the only way to trade ? 500 pip dd to make 20 pip ? lol

wot now you telling me there is another way

and of course everyone and their granny can trade forex with ease and make millions as is seen in these very forums week in week out.

Hell the guys we do not see posting any more made so much they are now living on their own private island rolling in cash so they do not have to trade anymore. It has nothing to do with them blowing up their acocunts even htough they made hundrds of pips every day.



Quoting Magix
My first reply to Nene was polite until he started telling me what good traders do. That whole adding losing positions 300+ pips up the chart, which would at a conservative guestimate drop an account by some 60-70k in order to make 100k.(Cough cough cough bullshit)....

When the muck starts a flying Mal, you know me buddy.

I am surprised that you didn't come out on that one.

You love when guys brag about gains or BE exits from 300 plus pips wrong on a position, nevermind somebody that claims a $100k victory monster trade on the same.

Pshhhhh,...
Blogging daily now at www.volume.zone
  • #230,329
  • Jun 7, 2010 7:13pm Jun 7, 2010 7:13pm
Quoting malcolmb14
isn't that the only way to trade ? 500 pip dd to make 20 pip ? lol

wot now you telling me there is another way

and of course everyone and their granny can trade forex with ease and make millions as is seen in these very forums week in week out.

Hell the guys we do not see posting any more made so much they are now living on their own private island rolling in cash so they do not have to trade anymore. It has nothing to do with them blowing up their acocunts even htough they made hundrds of pips every day.
Dude....

Once upon a time we were all green...paid our dues and learned our lessons.

Now there are some of us trying to give back.

Hey, if people don't wanna trade like I trade and find something that works better for them, awesome, all the power in the world to them. I have always said there is more then one way to skin a cat...Plus it's not like anybody ever sent me any money for helping them out, much the same as I never issued a check to anybody who I took guidance from along the way.

You know that I shit the sheets on the odd trade here and there...not like I dwell or wallow in it, but not much the same as I would to gloat on victories.

Its just that I strongly urge others to learn as much as they can here at the forum from who ever tries to give a little back to the community before surrendering their life savings to market.

But, like Nene and so many others before...they conflict themselves inside of a paragraph, have seemingly no trade direction, and when end up on the shit end of the stick, refer to themselves as long term traders. It causes confusion. Takes the hours of efforts that I spend with people and flips them back to a worse position.

He has his own thread. He can scream from the soap boxes there. Just walk into here and start spinnging bullshit, and well...lets just see what happens.

Not like it is my thread, but as a guest here I would wish to honor the thread starter and all its members. I will do my best to keep the learning going, profits flowing and please, check your shoes and bullshit at the door.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,330
  • Jun 7, 2010 7:26pm Jun 7, 2010 7:26pm
Quoting Magix
Dude....

Once upon a time we were all green...
How long you been trading. Me, about 3 years. I heard several years back (5+) it was alot easier to make profit. Is that true?
  • #230,331
  • Jun 7, 2010 7:27pm Jun 7, 2010 7:27pm
According to plan, +21 and moving stop to B/E. If it stops it stops. T/P is 1.4540

Quoting Nene
Looking for a possible run back up to 1.4540-1.4580 area here next.

Jim
  • #230,332
  • Jun 7, 2010 7:30pm Jun 7, 2010 7:30pm
Quoting Nene
According to plan, +21 and moving stop to B/E. If it stops it stops. T/P is 1.4540
If it can attain and hold 4506 you should be good.
  • #230,333
  • Jun 7, 2010 7:35pm Jun 7, 2010 7:35pm
Quoting 2+2=4ex
How long you been trading. Me, about 3 years. I heard several years back (5+) it was alot easier to make profit. Is that true?
He meant green as in newbies ,,,,

It was easier to make money 3 years ago . it was even easier only 2 months back before vix went nuts as most days the direction was set at session open for the session . London sesison gu moved about 80 pip , follow the trend on a 15 , place your trade and stop , tp of 50 pip and go to bed . You had not fear of the trade missing your tp by 1 pip and then dropping 300 pip the other way on you grabbing your 100 pip stop in the process as we are seeing these days,

Here is my story of this week.

Yesterday in asia up 150 pip on aj , thought yeah baby big drop coming this week , set stop be +2 .. woke up this morning to a stopped out at -1 ( must have been slippage).

So my motto is 50 pip take it wait for next trade....

These markets right now are insane . we have seen moves in US markets of 3.5% on daily ( huge ) but in BOTH directions. You never know form one day to the next what is going on . On ES i wait to see what the 1st 30 min does then trade.

The motto of the story in this market is get those stops in at break even asap , better to be stopped out BE than have your stop hit in negative
Blogging daily now at www.volume.zone
  • #230,334
  • Jun 7, 2010 7:36pm Jun 7, 2010 7:36pm
Quoting 2+2=4ex
How long you been trading. Me, about 3 years. I heard several years back (5+) it was alot easier to make profit. Is that true?
Including the 7 months I been away from market, 6 months on a road crew and 1 month in the islands, I been a part time trader for just over 2 years.

I have no idea if was easier to make money several years back...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,335
  • Jun 7, 2010 7:39pm Jun 7, 2010 7:39pm
As always, got to watch the Psych. levels. Gonna pull 3/4 off around 4500 and let the rest try for the 4 hr DTL around 4600 area with a trail. Hate trading against, but this is one of those times I feel on the safer side.

Quoting 2+2=4ex
If it can attain and hold 4506 you should be good.
  • #230,336
  • Jun 7, 2010 7:40pm Jun 7, 2010 7:40pm
lol

BREAKING
Fed Bernanke: U.S. double dip not likely

Does Heli Ben know what the hell he is talking about half the time ? I guess 300 k foreclosures / defaults per month and real unemployment numbers of 18 % plus = great for an economy and god knows how many european CDS pies the US banks have their fingers in .
Blogging daily now at www.volume.zone
  • #230,337
  • Jun 7, 2010 7:42pm Jun 7, 2010 7:42pm
Shoot, I will take 20 against the trend if I can get it. Ya know, 3 years ago News releases were a lot more volatile. I can remember instant spikes within excess of 100 - 150 pips in just a few seconds.

Jim


Quoting malcolmb14
He meant green as in newbies ,,,,

It was easier to make money 3 years ago . it was even easier only 2 months back before vix went nuts as most days the direction was set at session open for the session . London sesison gu moved about 80 pip , follow the trend on a 15 , place your trade and stop , tp of 50 pip and go to bed . You had not fear of the trade missing your tp by 1 pip and then dropping 300 pip the other way on you grabbing your 100 pip stop in the process as we are seeing these days,

Here is my story of this week.

Yesterday in...
  • #230,338
  • Jun 7, 2010 7:45pm Jun 7, 2010 7:45pm
Quoting Nene
Shoot, I will take 20 against the trend if I can get it. Ya know, 3 years ago News releases were a lot more volatile. I can remember instant spikes within excess of 100 - 150 pips in just a few seconds.

Jim
Quoting Nene
And to me, 100 pips is scalping. And thanks to a few in here I am learning because I believe I can make even more by scalping in between my Daily positions.

Jim
Consistency...None...

This is what I am talking about...

Talk the talk, and the story changes to suit the situation.

Stinks up the whole house really.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,339
  • Jun 7, 2010 7:47pm Jun 7, 2010 7:47pm
Quoting Nene
Shoot, I will take 20 against the trend if I can get it. Ya know, 3 years ago News releases were a lot more volatile. I can remember instant spikes within excess of 100 - 150 pips in just a few seconds.

Jim
Jim ... I guess you were not trading aj last friday on NFP .. it moved 100 pip in a few seconds
Blogging daily now at www.volume.zone
  • #230,340
  • Jun 7, 2010 7:50pm Jun 7, 2010 7:50pm
Quoting Nene
According to plan, +21 and moving stop to B/E. If it stops it stops. T/P is 1.4540
jim what price did you enter?

was wondering that since you're already in the money, might want to keep an eye on day open price @4474 since it is still directionless, this might just drop below the dop & test the support. They are quarters btw.
But, if it clears the first resistance, think you'll make your target, tho not too sure about getting any higher than 4580 really, that pb on the h4 is a good warning.

just a thought. good luck!
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