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Cable Update (GBPUSD)

  • #230,521
  • Jun 8, 2010 10:18am Jun 8, 2010 10:18am
Quoting wormboy
cheers bro

btw, get my keg ready. I can smell 4300
tee hee

Inserted Video
Thank You
  • #230,522
  • Jun 8, 2010 10:20am Jun 8, 2010 10:20am
Quoting cloggie
Artie


Fear is not an easy one to overcome, one needs to stick to the plan and keep at it.
You got it C. Thanks I'm trying to take the time to understand what's going though my head. Need to understand what thoughts are behind my wrong actions. Can't change the behaviour without fixing the the root cause - the thoughts. So need to understand the reasons for the thoughts. We can't change the markets. The only thing we can change is ourselves.
The market is always right.
  • #230,523
  • Jun 8, 2010 10:21am Jun 8, 2010 10:21am
Quoting Artie
You got it C. Thanks I'm trying to take the time to understand what's going though my head. Need to understand what thoughts are behind my wrong actions. Can't change the behaviour without fixing the the root cause - the thoughts. So need to understand the reasons for the thoughts. We can't change the markets. The only thing we can change is ourselves.

A little hint? Trade your plan on demo and on each trade close your platform and go do something else, don't let the PA scare you by staring at the screen.
  • #230,524
  • Jun 8, 2010 10:23am Jun 8, 2010 10:23am
Quoting cloggie
Fibre and Cable running away from each other, the market is still thinking about Fitch's warning.
EG bullish, stronger buys on Euro, stronger sells on GBP.

Hourly 200EMA on deck for EG...Watch for the Sherpa turn n burn.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,525
  • Jun 8, 2010 10:23am Jun 8, 2010 10:23am
right, strong bounce off the qtr s2.
might be time to readjust if price close back above yesterday's low & the descending utl.
still in short atm.
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Thank You
  • #230,526
  • Jun 8, 2010 10:26am Jun 8, 2010 10:26am
Quoting cloggie
A little hint? Trade your plan on demo and on each trade close your platform and go do something else, don't let the PA scare you by staring at the screen.
you're right cloggie,staring at the screen will drive you crazy,make a plan set it and get away from the screen....
  • #230,527
  • Jun 8, 2010 10:26am Jun 8, 2010 10:26am
damn the peterporn issue cant stop me laugh... it became #1 trending topic on twitter
Verily, in every difficulties there is relief
  • #230,528
  • Jun 8, 2010 10:27am Jun 8, 2010 10:27am
Quoting primzvicious
i post earlier that real contrarian trader taking both side... but sure with measurement not prediction... and follow PA not hold them
Good words to be sure.

Safety for scalpers in playing the trend...

Currently trading off the 30m for trend and 1m for triggers.

We all have our plans for prosperity, but....

Why do seemingly experienced traders choose to try and buck the trend, and continue to try pick bottoms and tops?

The charts I have posted over the last few days with the use of the 200EMA on the different time frames have been dead on balls...I would hope that somewhere in there, some would find a decent trade of their own, if not just learn to study the relationships of price and these lines.

Hey, not like its a big deal to me, just hate seeing that crap posted, it confuses our new members and leads lambs to slaughter.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,529
  • Jun 8, 2010 10:30am Jun 8, 2010 10:30am
Quoting cloggie
A little hint? Trade your plan on demo and on each trade close your platform and go do something else, don't let the PA scare you by staring at the screen.
I hear ya - been there done that. FX just isn't the same as trading option credit spreads . I did demo for quite a while. It's just not the same mental game. It's sort of like practice swimming on land
Many thanks C.
The market is always right.
  • #230,530
  • Jun 8, 2010 10:30am Jun 8, 2010 10:30am
Quoting petehnm
you're right cloggie,staring at the screen will drive you crazy,make a plan set it and get away from the screen....

Most traders though sit there: Ah yes I am right. Feck it is going against me. Yeehaa I am right again. Feck only 6 pips, better put my SL at BE. Yippee up 12 it is doing its thing. Feck getting close to BE better fiddle with my stop. Darn now at -12 maybe I am wrong. Shit now at -15 better close this one I am wrong this is going the wrong way, Feck, Feck, Feck. Might as well enter a trade in the opposite direction quickly and catch this one. Feck it is turning, now at -6, Feck now at -10, maybe I was right the first time, better close this one and go the opposite direction, Feck now that is 12 against me. Better close this one, I am a crap trader, my system sucks, better try another one real quick, where is that link regarding those cammie thingies, he always makes money, better use his system.

Rinse and repeat.
  • #230,531
  • Jun 8, 2010 10:33am Jun 8, 2010 10:33am
Quoting Magix
Good words to be sure.

Safety for scalpers in playing the trend...

Currently trading off the 30m for trend and 1m for triggers.

We all have our plans for prosperity, but....

Why do seemingly experienced traders choose to try and buck the trend, and continue to try pick bottoms and tops?

The charts I have posted over the last few days with the use of the 200EMA on the different time frames have been dead on balls...I would hope that somewhere in there, some would find a decent trade of their own, if not just learn to study the relationships...
i trade using fibo line, i also use MA's 100, 150, 200 SMA's on my chart, and using 5m chart as entry... picking bottoms or tops... im not chasing it... they follow me
Verily, in every difficulties there is relief
  • #230,532
  • Jun 8, 2010 10:33am Jun 8, 2010 10:33am
Quoting mloistianto
close everythingg.. change to long for a retracement.. Cheerss..
Closed +32 pips.. done... still scalping is the best.. good nite people..
  • #230,533
  • Jun 8, 2010 10:36am Jun 8, 2010 10:36am
Quoting wormboy
right, strong bounce off the qtr s2.
might be time to readjust if price close back above yesterday's low & the descending utl.
still in short atm.
okay, that's the end of the bear ride for now. position is now flat.
good luck fellas!
Thank You
  • #230,534
  • Jun 8, 2010 10:37am Jun 8, 2010 10:37am
Quoting mloistianto
Closed +32 pips.. done... still scalping is the best.. good nite people..
Verily, in every difficulties there is relief
  • #230,535
  • Jun 8, 2010 10:39am Jun 8, 2010 10:39am
Quoting wormboy
okay, that's the end of the bear ride for now. position is now flat.
good luck fellas!
really?
Verily, in every difficulties there is relief
  • #230,536
  • Jun 8, 2010 10:40am Jun 8, 2010 10:40am
i took a small scalp, with a 100 pip possibility , may or may not get it

http://img197.imageshack.us/img197/9307/97927086.gif
  • #230,537
  • Jun 8, 2010 10:43am Jun 8, 2010 10:43am
Quoting primzvicious
really?
lol yea really. at least for me atm it is.
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Thank You
  • #230,538
  • Jun 8, 2010 10:43am Jun 8, 2010 10:43am
Quoting forexlion
i took a small scalp, with a 100 pip possibility , may or may not get it

http://img197.imageshack.us/img197/9307/97927086.gif
i took another sell with a tight stop
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Verily, in every difficulties there is relief
  • #230,539
  • Jun 8, 2010 10:44am Jun 8, 2010 10:44am
Quoting ZizoFX
Hello Kill56, i like the Hi and Low level indicator on your chart. Basically, i use s/r but do you mind sharing the indicator. H5 H4 lines. Thanks in advance.
here u go
Attached File(s)
File Type: mq4 camarilladt7v1.mq4   55 KB | 253 downloads
  • #230,540
  • Jun 8, 2010 10:46am Jun 8, 2010 10:46am
Can't resist.. the retracement so obvious.. sl 1.4490.. here is my chart..
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