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Cable Update (GBPUSD)

  • #230,541
  • Jun 8, 2010 10:47am Jun 8, 2010 10:47am
Quoting mloistianto
Can't resist.. the retracement so obvious.. sl 1.4390.. here is my chart..
lol.... i already set stop @BE mate...
Verily, in every difficulties there is relief
  • #230,542
  • Jun 8, 2010 10:47am Jun 8, 2010 10:47am
cloggie dont u love london closing the same shooott every day
  • #230,543
  • Jun 8, 2010 10:50am Jun 8, 2010 10:50am
Quoting primzvicious
lol.... i already stop it @BE mate...
sorry typo.. good luck to u bro..
  • #230,544
  • Jun 8, 2010 10:51am Jun 8, 2010 10:51am
Quoting kill56
here u go
Thanks Kill56.
Numbers NEVER Lie
  • #230,545
  • Jun 8, 2010 10:51am Jun 8, 2010 10:51am
Quoting cloggie
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...
for the 2 day best post
  • #230,546
  • Jun 8, 2010 10:56am Jun 8, 2010 10:56am
Sell stop was triggered , but I got right back out wormy. Should have stayed with my gut.
  • #230,547
  • Jun 8, 2010 10:57am Jun 8, 2010 10:57am
Quoting Magix
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.
And believe me I've been loving the trades off these charts. I'm using the 1H for trend and 1M for triggers.So far I'm up over 40 on the fibre alone today.You,Kill and Coggie are definitely running this town!
  • #230,548
  • Jun 8, 2010 10:58am Jun 8, 2010 10:58am
both of my position stopped out... see you tomorrow guys
Verily, in every difficulties there is relief
  • #230,549
  • Jun 8, 2010 11:00am Jun 8, 2010 11:00am
Quoting primzvicious
both of my position stopped out... see you tomorrow guys
don't worry about it. at least ur honest enough to admit it.
  • #230,550
  • Jun 8, 2010 11:03am Jun 8, 2010 11:03am
Quoting cloggie
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...
It's like you've had a hidden camera at my desk during the first few months of me trading live.In my opinion, this pattern is the most hardest phsycological barrier to breakthrough for newbies first goin live.It's like you said to me last week, if you don't look out for it you let fear rule your trades. One way I combat this is after I place my trade I sometimes read through the back posts of the forum,maybe make a post of my own, maybe do some school work, or check out other pairs.Anything to keep me from staring at the p/l of my trade for at least 5 to 15 minutes.
  • #230,551
  • Jun 8, 2010 11:05am Jun 8, 2010 11:05am
Hi

My View Update

http://www.forexfactory.com/showpost...postcount=2721

Thank
  • #230,552
  • Jun 8, 2010 11:09am Jun 8, 2010 11:09am
Quoting Nene
Sell stop was triggered , but I got right back out wormy. Should have stayed with my gut.
got back out? what do you mean?
shouldn't have stayed with your gut, price was already below yesterday's low jim. Most of the time it spirals & half the time those qtr support i have does not hold. Today was an exception. Who knows, maybe it'll continue to move south later .. Be grateful you got stopped out
Thank You
  • #230,553
  • Jun 8, 2010 11:12am Jun 8, 2010 11:12am
so was that the mother of all headfakes, or what???
"The real genius is knowing when to stop." - Marc Faber
  • #230,554
  • Jun 8, 2010 11:20am Jun 8, 2010 11:20am
Quoting hhitch
so was that the mother of all headfakes, or what???
bro london closing keep a eye on it every day
  • #230,555
  • Jun 8, 2010 11:20am Jun 8, 2010 11:20am
I pulled it because of the technicals on my chart. I still believe we are going back to the 1.4540 - 1.4600 area first. I have seen the drop below many times and watched it pull back to hit the top again. If I am wrong, then I am wrong.

Just my views.

Quoting wormboy
got back out? what do you mean?
shouldn't have stayed with your gut, price was already below yesterday's low jim. Most of the time it spirals & half the time those qtr support i have does not hold. Today was an exception. Who knows, maybe it'll continue to move south later .. Be grateful you got stopped out
  • #230,556
  • Jun 8, 2010 11:24am Jun 8, 2010 11:24am
yeah but that was very unusual. USDCHF went up 125 pips and then down 125 pips in twenty five seconds then the dollar sold off like crazy. head faked the euro above 1.20 then down again. gbp above 1.44 then down again. really wild action

Quoting kill56
bro london closing keep a eye on it every day
"The real genius is knowing when to stop." - Marc Faber
  • #230,557
  • Jun 8, 2010 11:25am Jun 8, 2010 11:25am
Quoting hhitch
yeah but that was very unusual. USDCHF went up 125 pips and then down 125 pips in twenty five seconds then the dollar sold off like crazy. head faked the euro above 1.20 then down again. gbp above 1.44 then down again. really wild action

Mine is not to wonder why, mine is to trade or die.
  • #230,558
  • Jun 8, 2010 11:27am Jun 8, 2010 11:27am
Bought at 1.4400. Cable car, going up.
Make your losses in demo. Earn your profits live.
  • #230,559
  • Jun 8, 2010 11:29am Jun 8, 2010 11:29am
oh really? I always felt that you were a bit of a master when it comes to fundamentals. the "why"

in any case that was some wild volatility.

Quoting cloggie
Mine is not to wonder why, mine is to trade or die.
"The real genius is knowing when to stop." - Marc Faber
  • #230,560
  • Jun 8, 2010 11:30am Jun 8, 2010 11:30am
Quoting hhitch
yeah but that was very unusual. USDCHF went up 125 pips and then down 125 pips in twenty five seconds then the dollar sold off like crazy. head faked the euro above 1.20 then down again. gbp above 1.44 then down again. really wild action

more of that volatility to come hitch you can count on it

I posted the dx chart yesterday:
1. http://www.forexfactory.com/showpost...stcount=230120

Be prepared!
Thank You
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HTG