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Cable Update (GBPUSD)

  • #235,521
  • Jul 5, 2010 5:44am Jul 5, 2010 5:44am
Quoting trade price
4 hour recent trend is up.
intraday bearish.i trade mostly with the trend.(i do take intraday short and longs)
longer term allways with the bigger pic.
lol, in a nutshell you just said you trade every thing. What is the message you are trying to get across?
Thank You
  • #235,522
  • Jul 5, 2010 5:44am Jul 5, 2010 5:44am
Quoting wormboy
hi cloggs,

yup, still holding partial from the wedge.
Booked partial earlier @5135 & the remaining positions emergency stop placed @5235. This is a good trade

It's gonna be your oranje & my germany in the finals brother!!

I took 1/3 of, 1/3 is hard stopped and 1/3 will be free running. Not going to CT this yet, unlike Nav and TP.
  • #235,523
  • Jul 5, 2010 5:47am Jul 5, 2010 5:47am
Quoting nAVIN2007
is testing the bottom of the trendline..u might be right thou..the some b**ch broke the wrong way..just keep in mind that trendline

my internet is down..have to use htc hd2 as a modem damnit that phone comes in handy
my ass is covered bro. can't lose this trade
i love my hd2. the router is awesome! might change to iphone4 tho, my vendor can mod the phone to have the router function like the hd2
Thank You
  • #235,524
  • Jul 5, 2010 5:48am Jul 5, 2010 5:48am
Quoting cloggie
I took 1/3 of, 1/3 is hard stopped and 1/3 will be free running. Not going to CT this yet, unlike Nav and TP.
nice trading
me neither, i'll just wait it out.

okay i'm off. catch you later! Good luck!
Thank You
  • #235,525
  • Jul 5, 2010 5:48am Jul 5, 2010 5:48am
..
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  • #235,526
  • Jul 5, 2010 5:49am Jul 5, 2010 5:49am
Quoting Fudomyo
The 1% or 2% of people who earn a living trading are extraordinary individuals.
Well I'm not sure I'd go as far to say I'm extraordinary; the FX world is full of blind men preaching about the wonders of vision, just ignore them and see with your own eyes.

Quoting nAVIN2007
trading is difficult - spot on
I hate it when people talk abt trading like it is easy when that statistics speak for themselves..and the ones that trade and exit after 20 pips or so ..are closing position due to fear of the market as apposed to solid trading disipline..
Sweeping generalisations make you look like a fool. I take around 30 points per trade because it suits my risk management and exposure with 20 contracts on the table. My trading is as solid as oak and as too my discipline.
"I made all my money by selling too soon"
  • #235,527
  • Jul 5, 2010 5:49am Jul 5, 2010 5:49am
Quoting wormboy
my ass is covered bro. can't lose this trade
i love my hd2. the router is awesome! might change to iphone4 tho, my vendor can mod the phone to have the router function like the hd2
its pretty quick too..i just wish the phone was andriod but then again maybe with andriod u cant have mt4
  • #235,528
  • Jul 5, 2010 5:50am Jul 5, 2010 5:50am
http://a.imagehost.org/0367/gbp.gif
  • #235,529
  • Jul 5, 2010 5:53am Jul 5, 2010 5:53am
Hi Cloggie,

Hahaha. Why did u say so?

I even could give my trade setups on many different pairs 1 day in advance, and my sell calls on Audusd and Nzdusd won more than 100 pips totally up to now.

Just use candlesticks and its' patterns, together with support and resistance, and also draw some simple trendlines, it's not difficult to know that without a GAP up on Monday morning, it should be a sell. Do you see it formed a "ROUND TOP" on 4h timeframe?

Check and ask Steve Nison, and he will tell u the same thing like me.

As I said, we are here to exchange ideas and help newbie traders to win money from forex, not to criticize one another.

James
  • #235,530
  • Jul 5, 2010 5:54am Jul 5, 2010 5:54am
Quoting Bleek
Well I'm not sure I'd go as far to say I'm extraordinary; the FX world is full of blind men preaching about the wonders of vision, just ignore them and see with your own eyes.



Sweeping generalisations make you look like a fool. I take around 30 points per trade because it suits my risk management and exposure with 20 contracts on the table. My trading is as solid as oak and as too my discipline.
i am talking from a statistical point of view..am surprised u couldnt pick that up..i have made over 50 trades without a loss, it doesnt mean that i have mastered trading..just a good turn on probability..the game is still difficult..the stats speak for themselves
  • #235,531
  • Jul 5, 2010 5:57am Jul 5, 2010 5:57am
Once the first TL goes am looking for my second third at TL2
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  • #235,532
  • Jul 5, 2010 5:59am Jul 5, 2010 5:59am
Cloggie, serious question, it almost seems as if you are drawing those TLS, to fit your picture. I don't see how you are picking which candles to base your line off of.
  • #235,533
  • Edited 6:44am Jul 5, 2010 6:03am | Edited 6:44am
Quoting poca
Cloggie, serious question, it almost seems as if you are drawing those TLS, to fit your picture. I don't see how you are picking which candles to base your line off of.
I look at where possible TL's intersect support formed on H1/H4, trading is a game of probabilities, so yes at times I will draw TL's as part of a probability, IF you go back over my posts from last week, you can see the same parallel TL's on many of my charts. So no they are not arbritary. The second TL is based on the resistance formed by the move up that was nicely tested as support hours later, a pretty valid TL in my book. And that second TL is based on the hourly before the LC on Friday, a pretty significant bar at the end of the week.
  • #235,534
  • Jul 5, 2010 6:04am Jul 5, 2010 6:04am
actually i lied..since the start of this year i have made 22 trades no loss so far ..but the game is bloody hard..tomorrow i could lose everything!!!
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  • #235,535
  • Jul 5, 2010 6:07am Jul 5, 2010 6:07am
Quoting nAVIN2007
i am talking from a statistical point of view..am surprised u couldnt pick that up..i have made over 50 trades without a loss, it doesnt mean that i have mastered trading..just a good turn on probability..the game is still difficult..the stats speak for themselves
Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius, and a lot of courage, to move in the opposite direction.

An Einstein quote but I think quite apt for the money markets.

Trading doesn't have to be difficult.
"I made all my money by selling too soon"
  • #235,536
  • Jul 5, 2010 6:08am Jul 5, 2010 6:08am
Quoting nAVIN2007
its pretty quick too..i just wish the phone was andriod but then again maybe with andriod u cant have mt4
Look into Samsungs Galaxy S, Android 2.1 (upgradeble to 2.2), large Super Amoled screen, can be used as access point, really a beauty.....
Don't be a hero. Don't have an ego. Always question yourself
  • #235,537
  • Jul 5, 2010 6:10am Jul 5, 2010 6:10am
Time to get out of shorts, am waiting for a sell targeting 1.5050 to take her up again...
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #235,538
  • Jul 5, 2010 6:10am Jul 5, 2010 6:10am
Quoting Bleek
Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius, and a lot of courage, to move in the opposite direction.

Trading doesn't have to be difficult.
if yur going to make a quote please give respect by quoting the author/writer - albert Einstein
- albert Einstein

Any intelligent fool can make things bigger and more
complex... It takes a touch of genius - and a lot of courage to move in
the opposite direction. - albert Einstein


sorry i didnt see u added to yur post
  • #235,539
  • Jul 5, 2010 6:12am Jul 5, 2010 6:12am
Hi everybody,

Pivot today is 1.5190, S1 = 1.5155 - 1.5160 level, just being broken down. So, price will probably retrace up to this level, and it's time to go short around here, aim to target 1.5020 -1.5050 is enough. Use trailing stop to protect your profit.

By the way, Nzdusd has gone down to 06852 for a profit of around 80 pips. Audusd went down to 0.8375 for a profit of 90 pips. I closed them all when seeing a retracement on 15-minute timeframe. Good enough to put 170 pips profit in pocket, if you are not so greedy.

Regards,
James
  • #235,540
  • Jul 5, 2010 6:13am Jul 5, 2010 6:13am
Quoting nAVIN2007
if yur going to make a quote please give respect by quoting the author/writer - albert Einstein
I did but you got me before the edit.

You think I'm trying to pass off Einstein's work as my own?

Anyway you exaggerated the risk, 22 winning trades and you could lose it all tomorrow? Doesn't sound like discipline to me!
"I made all my money by selling too soon"
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