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Cable Update (GBPUSD)

  • #230,561
  • Jun 8, 2010 11:31am Jun 8, 2010 11:31am
Quoting cloggie
Mine is not to wonder why, mine is to trade or die.

dont die kill the b;;;;;;;;;;;;sh and get high love the pipe
  • #230,562
  • Jun 8, 2010 11:34am Jun 8, 2010 11:34am
hi all

this 1 hour update chart
http://www.forexfactory.com/showpost...postcount=2724
  • #230,563
  • Jun 8, 2010 11:34am Jun 8, 2010 11:34am
Quoting kill56
bro london closing keep a eye on it every day
Agree, very important, one could play the London closing like the opening, there is nearly always good momentum which is manna for traders.

I have an indy that marks the US open to London close, then marks the London close to US close (outside the box). The indy can be programmed for any time period.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 Breakout.ex4   7 KB | 286 downloads
******************* I'd rather make money than be right.
  • #230,564
  • Jun 8, 2010 11:35am Jun 8, 2010 11:35am
Quoting Ineedpips9
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...
That's what I do after I put in a trade. I put in my S/L order and I walk away from my computer to do other stuff.

The funny thing is, my trade almost always goes into profit when I am not staring at it and when I do look at it, it always goes into lossess, always.

Gives a whole new meaning to the phrase "A watched pot never boils"

I think I should change my signature to "A watched trade never profits"
Make your losses in demo. Earn your profits live.
  • #230,565
  • Jun 8, 2010 11:35am Jun 8, 2010 11:35am
Quoting hhitch
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.
It was purely the London trying to bring the price back to the open.
  • #230,566
  • Jun 8, 2010 11:37am Jun 8, 2010 11:37am
makes sense...

Quoting cloggie
It was purely the London trying to bring the price back to the open.
"The real genius is knowing when to stop." - Marc Faber
  • #230,567
  • Jun 8, 2010 11:38am Jun 8, 2010 11:38am
yeah right? took me by surprise but I did manage to survive...

Quoting wormboy
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!
"The real genius is knowing when to stop." - Marc Faber
  • #230,568
  • Jun 8, 2010 11:43am Jun 8, 2010 11:43am
That weekly low from last april of 4396 could be the culprit here. 1 spike hit.

Jim
  • #230,569
  • Jun 8, 2010 11:54am Jun 8, 2010 11:54am
read with me

Trade currency pairs in respect to their active market hours.
Learn about overlapping market hours: when two markets are open and highest volume of trades is conducted.


For example, Australian and Japanese trading sessions are overlapped from 8pm to 1 am EST. At that time trader can successfully trade AUD/JPY currency pair.
[IMG]file:///C:/DOCUME%7E1/SU/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
Choose the right day to trade.
This recomendation is often wrongly taken as an optional thing, because everyone knows that Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make a difference between successful and hopeless trading

more tips insid
http://www.freeforextips.net/
  • #230,570
  • Jun 8, 2010 11:55am Jun 8, 2010 11:55am
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...
And You have just explained me about 3 months ago... BRAVO! luckily I've come a long way since, still struggling but making progress. Made 60 pips today, thanks cloggs...
@pawpaw1000 on Twitter
  • #230,571
  • Jun 8, 2010 11:58am Jun 8, 2010 11:58am
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...

Hardly flattering words but there is kindness in this message....even to those who
"taketh the truth to be hard, for it cutteth them to the very center."

Dr. D.
  • #230,572
  • Jun 8, 2010 12:03pm Jun 8, 2010 12:03pm
Attached Image
  • #230,573
  • Jun 8, 2010 12:06pm Jun 8, 2010 12:06pm
my view
http://www.forexfactory.com/showthre...=1#post3786756
  • #230,574
  • Jun 8, 2010 12:11pm Jun 8, 2010 12:11pm
Quoting fourxtrader
Hardly flattering words but there is kindness in this message....even to those who
"taketh the truth to be hard, for it cutteth them to the very center."

Dr. D.

It makes a bit more sense in light of the context of surrounding posts discussing the fear of trading, on its own it does sound pretty harsh.
  • #230,575
  • Jun 8, 2010 12:12pm Jun 8, 2010 12:12pm
Quoting deboooo2005
my view
http://www.forexfactory.com/showthre...=1#post3786756
thanks bro for u view can u plz post u chart here so every body can see it
  • #230,576
  • Jun 8, 2010 12:16pm Jun 8, 2010 12:16pm
Quoting kill56
thanks bro for u view can u plz post u chart here so every body can see it
ok friend
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  • #230,577
  • Jun 8, 2010 12:17pm Jun 8, 2010 12:17pm
I feel I owe you a little more explanation. Keep in mind I have ADHD ole buddy and that means you have to read in between the lines sometime. If you look at my trend indicator and the Down Trend line and see how close they are running. This is an indicator to me that it will act like a magnet. Not saying we won't break the UTL and continue on down, but in my expierience with this indy tells me that the closer the price stays in proximity to the 89 and longer the price stays in proximity to the 89, the more probability it will cross and reverse. And the fact that his 89 is forming a triangle with the UTL, I feel I can trade the in between and have a better shot than normal triangle. If you can understand that, then good for you.

Jim
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  • #230,578
  • Jun 8, 2010 12:18pm Jun 8, 2010 12:18pm
Quoting deboooo2005
ok friend
teslam ya basha
  • #230,579
  • Jun 8, 2010 12:21pm Jun 8, 2010 12:21pm
Quoting mloistianto
Can't resist.. the retracement so obvious.. sl 1.4490.. here is my chart..
aw crap +2 i'm outta here.. seems like a reversal formation.. bye all.. time to sleep for me..
  • #230,580
  • Jun 8, 2010 12:24pm Jun 8, 2010 12:24pm
I tend to stay in one direction... hence the surprise of the sudden reversal!

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...
"The real genius is knowing when to stop." - Marc Faber
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Ahsan