Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#238,221
Edited 4:18am Jul 15, 2010 4:13am | Edited 4:18am

TerpFan2
| Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts

Quoting nAVIN2007

Disliked

forex is a very volatile market it takes precision - ask your how many times have u made 50 pips and risked more..

I cannot trade forex on a small time frame and risk 50 pips and make positive trades which id call an edge but i can trade a large time frame risk 150 pips to make 500+..in the end every1 has to pay a price to learn this

I demo trade for 2 year to get where i am now..this may shock some but only since start of this year have i managed a consistant profit month in month out..this game aint easy!!!!!!

Ignored

Yepper'...
As they used to say... "'Das the Fact Jack!"

!

What are the trader's doin? -Sippin tea over there r. about now
or what Navin? I've been at work all night caught the start,
and now gotta drive home.

-I wanna see the "Hot Coal" passed a little more Northward!
I think they're just banking on some "CRUD" Us #'s coming out
on what US PPI, U.S. Unemployment, etc. etc...
Then the coal will burn even brighter!

Jeff

I will work to Objectively Identify my Edges

#238,222
Jul 15, 2010 4:13am Jul 15, 2010 4:13am

peach
| Commercial User | Joined Jun 2010 | 67 Posts

What you say now about your bottom/top picking??

Quoting honeybhi

Disliked

Time to wake up bear.

Ignored

#238,223
Jul 15, 2010 4:14am Jul 15, 2010 4:14am

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting wormboy

Disliked

kill, send out the bear cavalry plez

Ignored

they are busy now but sure they are coming

Attached Image

#238,224
Jul 15, 2010 4:14am Jul 15, 2010 4:14am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting Dayboy001

Disliked

I'm new to this as your guys have probably gathered, my goal is 50pips (ish) a day which I don't seem to bad at (been at it about month (demo)) , but you guys talking about these huge distant numbers make me wondered whether I should be looking to change my tactics.

Problem I see is the longer your in the market the bigger the risk and the more knowledge required and I just don't have that (yet).

So please you guys you all know who you are keep charting, keep giving the advice and hopefully one day that knowledge may come.

Ignored

if it ain't broken, don't fix it mate

it'll probably help if you had more than one approach to trading because conditions change all the time, but keep in mind switching technical approach will usually result in having to alter your risk exposure as well. something you'd want to seriously consider.
anyway if you're making 50 pips consistently I honestly believe you shouldn't sway far from what's working for you.

good luck.

Thank You

#238,225
Jul 15, 2010 4:15am Jul 15, 2010 4:15am

honeybhi
Joined Mar 2009 | Status: Trader | 1,094 Posts

Quoting peach

Disliked

What you say now about your bottom/top picking??

Ignored

The 1hr top is around here.Its time to drop .Patience.

#238,226
Jul 15, 2010 4:16am Jul 15, 2010 4:16am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting wormboy

Disliked

kill, send out the bear cavalry plez

Ignored

Attached Image

#238,227
Jul 15, 2010 4:16am Jul 15, 2010 4:16am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting kill56

Disliked

they are busy now but sure they are coming

Ignored

Okay I got time

Thank You

#238,228
Jul 15, 2010 4:17am Jul 15, 2010 4:17am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting nAVIN2007

Disliked

good to see u on the bus

Ignored

Sorry buddy, thought i drop in quickly as I was in the middle of my gym session.

Am now riding her now mate.

BIG cahoonas for sticking to your guns. Nice work buddy

Veni, Vidi, Vici (We came, we saw, we conquered)

#238,229
Jul 15, 2010 4:18am Jul 15, 2010 4:18am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

So, for those not long in the market yet or wanting to add to longs, where you gonna get in ie'buy the dip ?'

G/L

ex member

#238,230
Jul 15, 2010 4:18am Jul 15, 2010 4:18am

adrianebn
| Joined Sep 2007 | Status: Trader | 232 Posts

did we reach todays high people?

shall it now retrace back down or continue uptrend move?

#238,231
Jul 15, 2010 4:19am Jul 15, 2010 4:19am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting Piters

Disliked

NP

Ignored

vlad! my favourite impaler

what's the trade my friend?

Thank You

#238,232
Jul 15, 2010 4:19am Jul 15, 2010 4:19am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Bull_Bear

Disliked

Sorry buddy, thought i drop in quickly as I was in the middle of my gym session.

Am now riding her now mate.

BIG cahoonas for sticking to your guns. Nice work buddy

Ignored

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#238,233
Jul 15, 2010 4:19am Jul 15, 2010 4:19am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting TerpFan2

Disliked

About... "DittO" Bull Bear,
Closed the 30 pip loss, and got off the "Shame Train",
and hope to stay aboard Navin's...
Pip $ Train!

Let's hope that Cloggie's "Hot Coal" theory
get's a movin'...
Best of Pippin you guys,

Jeff

Ignored

Good to hear Jeff, exchanging a 30pips loss for now a +40 gain, great result mate. I'm now riding her as she has broken.

Veni, Vidi, Vici (We came, we saw, we conquered)

#238,234
Jul 15, 2010 4:19am Jul 15, 2010 4:19am

ozpips
| Joined Sep 2009 | Status: Jack of all Trades | 328 Posts

Quoting honeybhi

Disliked

Time to wake up bear.

Ignored

Agree
Back to 1.5230 by clock off time

#238,235
Jul 15, 2010 4:20am Jul 15, 2010 4:20am

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting wormboy

Disliked

you breaking my heart bro

Ignored

LOOOL....naah bro that's cable's job...lol
....she's going for another stab higher (up the heart that is) trying to violate that weekly downtrend line...but we all know what they call her...right..