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Cable Update (GBPUSD)

  • #233,581
  • Jun 24, 2010 6:13am Jun 24, 2010 6:13am
Quoting Galation
Risk management is key and pinnacle to trading success. Get some books on risk and indulge; you'll be a better person because of it.

Understanding risk is so so important; I can't stress it enough.
I guess you don't get the joke but that was me being sarcastic. Anyways i appreciate your advice but i have a strong belief in NOT placing a stop loss in my platform unless i'm going away from my computer. Now I understand what the books say, but this is Real Life. I have been doing the same exact thing for over 3 years now and i will NOT complain, i make more than ten thousand dollars a month consistently (without placing a stop loss on my platform). This doesn't mean that i don't calculate my risk to reward ratio, if i didn't i wouldn't have been here living the life i am. Once again i appreciate your advice, but i take trading very seriously as it is all i do full time and very successful at it. I will not let something like "stop loss subject" take me out of this business, that's a promise.
  • #233,582
  • Jun 24, 2010 6:16am Jun 24, 2010 6:16am
Quoting Galation
Knowing you, someday you'll be buying the breweries; trust me mate!
What my little home brew kit brewery
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #233,583
  • Jun 24, 2010 6:22am Jun 24, 2010 6:22am
Quoting Forextrader4
I guess you don't get the joke but that was me being sarcastic. Anyways i appreciate your advice but i have a strong belief in NOT placing a stop loss in my platform unless i'm going away from my computer. Now I understand what the books say, but this is Real Life. I have been doing the same exact thing for over 3 years now and i will NOT complain, i make more than ten thousand dollars a month consistently (without placing a stop loss on my platform). This doesn't mean that i don't calculate my risk to reward ratio, if i didn't i wouldn't have been...
I wasn't thinking in terms of stop losses. It doesn't bother me whether someone uses one or not, sometimes I use one, sometimes I don't.

It's understanding the risk that is the important thing.
Probability Professor
  • #233,584
  • Jun 24, 2010 6:23am Jun 24, 2010 6:23am
Quoting Galation
I wasn't thinking in terms of stop losses. It doesn't bother me whether someone uses one or not, sometimes I use one, sometimes I don't.

It's understanding the risk that is the important thing.
Yea ofcourse, Going into a trade without measuring your risk is called "GAMBLING" in my book as far as i'm concerned.
  • #233,585
  • Jun 24, 2010 6:26am Jun 24, 2010 6:26am
I think a break of this trend line will call for a test of 1.4930 again.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 25 KB
Probability Professor
  • #233,586
  • Jun 24, 2010 6:31am Jun 24, 2010 6:31am
Quoting USD-Bear
Long @ 1.4940
added long @ 1.4968

SL for both 1.494
Don't be a hero. Don't have an ego. Always question yourself
  • #233,587
  • Jun 24, 2010 6:40am Jun 24, 2010 6:40am
Quoting USD-Bear
added long @ 1.4968

SL for both 1.494
nice , 4967 for me lol, see if we can crack the highs , if not out and done
  • #233,588
  • Jun 24, 2010 6:45am Jun 24, 2010 6:45am
Quoting digger1
nice , 4967 for me lol, see if we can crack the highs , if not out and done
1.5049 would be nice for me.....
Don't be a hero. Don't have an ego. Always question yourself
  • #233,589
  • Jun 24, 2010 6:46am Jun 24, 2010 6:46am
becareful after 1.5050, see your 1 hours chart, there is no price (resistance) after that number, don't know what will happen.
(if she go there)
I will be the number one Manager.
  • #233,590
  • Jun 24, 2010 6:46am Jun 24, 2010 6:46am
http://www.dowjoneswebservices.com/chart/view/4168
  • #233,591
  • Jun 24, 2010 6:53am Jun 24, 2010 6:53am
good short in the cable still in play at a trendline break of 4851 to 4957
  • #233,592
  • Jun 24, 2010 6:54am Jun 24, 2010 6:54am
Quoting javapips
becareful after 1.5050, see your 1 hours chart, there is no price (resistance) after that number, don't know what will happen.
(if she go there)
explosion
ブードゥー教
  • #233,593
  • Jun 24, 2010 6:56am Jun 24, 2010 6:56am
Quoting USD-Bear
1.5049 would be nice for me.....
My weekly tgt level got touched there at 1.5012 , was hoping for a good push to the 5050 area , at any rate hourly 200 (white line) has been a nice place to keep adding on this push up
Attached Image (click to enlarge)
Click to Enlarge Name: 2 hour.jpg Size: 178 KB
  • #233,594
  • Jun 24, 2010 6:56am Jun 24, 2010 6:56am
about to form two horses on h1
  • #233,595
  • Jun 24, 2010 6:58am Jun 24, 2010 6:58am
Quoting michiyo
about to form two horses on h1
and by horses you mean? I see 2 inside bars..
  • #233,596
  • Jun 24, 2010 7:43am Jun 24, 2010 7:43am
Quoting Voodoo
explosion
have no worries, there is light at the end of the tunnel

cable will give some more ........

http://img231.imageshack.us/img231/6296/lightl.jpg
  • #233,597
  • Jun 24, 2010 7:46am Jun 24, 2010 7:46am
Quoting javapips
becareful after 1.5050, see your 1 hours chart, there is no price (resistance) after that number, don't know what will happen.
(if she go there)
i know, i know

cats are always more dramatic

http://img231.imageshack.us/img231/6307/catsvat.jpg
  • #233,598
  • Jun 24, 2010 7:47am Jun 24, 2010 7:47am
Quoting USD-Bear
1.5049 would be nice for me.....
well the gbpusd likes the 272 and 618 areas so tht is in the area , guess we will know by the end of the day lol
Attached Image (click to enlarge)
Click to Enlarge Name: 5 minute.jpg Size: 101 KB
  • #233,599
  • Jun 24, 2010 7:59am Jun 24, 2010 7:59am
My update
http://www.forexfactory.com/showthre...92#post3826892
  • #233,600
  • Jun 24, 2010 8:22am Jun 24, 2010 8:22am
Quoting forexlion
i know, i know

cats are always more dramatic

http://img231.imageshack.us/img231/6307/catsvat.jpg
what picture did you post? i will kick your ass if you post something amoral again.



btw, unemployment is good, isn't it?, so it should be green color, why FF didn't do that? no color, anyone knows?
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I will be the number one Manager.
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