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Cable Update (GBPUSD)

  • #239,241
  • Jul 19, 2010 10:39am Jul 19, 2010 10:39am
Quoting wormboy
mong. 1. you sold above support 9 hours ago, price spiked up 60 pips the other way. 2. you traded with no stop. And you think I'm impressed? Jog on.
When I questioned your rationale behind your trades, with no stops hours ago, you were nowhere to be seen, or heard. So, a few hours on it moves your way, this is all you can come up with?
Anyway, keep doing what you're doing & believe you me, your trading days are numbered. But hey, it's your money not my money. anak kecil main api.

oh yea btw, so see my tp now??
Why im not around? Im trade as part time job...have another work to do than keeping in touch people like you..60 pips spike? not a big deal..

yes you right..not your money as well..

ok...no more of this..tomorrow will be a new day
  • #239,242
  • Jul 19, 2010 10:41am Jul 19, 2010 10:41am
come on.we trading for money.its not personal.relax la...
Gold Expedition Return This Year: -16.4%
  • #239,243
  • Jul 19, 2010 10:41am Jul 19, 2010 10:41am
Quoting clientfx
LOL..I already gave you a torch but still follow blind people..why????
  • #239,244
  • Jul 19, 2010 10:44am Jul 19, 2010 10:44am
hello everybody!
please, tell me
how it works?
when it shows "open" and "close" ?

(question and for Kill56) :-)
Attached File(s)
File Type: ex4 _2523(SF_TREND_LINES_ALL).ex4   4 KB | 292 downloads
File Type: ex4 $TrillionStrategySessions.ex4   8 KB | 298 downloads
File Type: ex4 AutoPivotIndicator_ver5.ex4   32 KB | 278 downloads
File Type: ex4 #SpudFibo.ex4   9 KB | 244 downloads
  • #239,245
  • Jul 19, 2010 10:45am Jul 19, 2010 10:45am
Quoting nAVIN2007
Will follow u soon ,have buy limit very near but still not filled
  • #239,246
  • Jul 19, 2010 10:52am Jul 19, 2010 10:52am
Whole day i've noticed relative strength looking at EUR/USD versus GU eg weak G.
For the last hour I see the opposite eg strong G.
Do not think it's enough to base a long on, rather see levels of 1.516 or even 1.507 but it makes longs less risky.
Don't be a hero. Don't have an ego. Always question yourself
  • #239,247
  • Jul 19, 2010 10:54am Jul 19, 2010 10:54am
Bear correction.....NY open.

Quoting markless
The great drop from friday and cont` today , drop will break pivot at 1.5209 , then try to break support at 1.5048 , if USD really strong the best place for Cable make correction at range 1.5048 to 1.4948

http://i233.photobucket.com/albums/e...oker/gu_19.jpg
  • #239,248
  • Jul 19, 2010 10:56am Jul 19, 2010 10:56am
Quoting wormboy
what you're going on about mm very important? having no stop loss in your trade & you want to preach about risk management? are you serious? holding out drawdowns to see how long your capital can float? well that is gambling, that is not trading.

oh & I do not go into hiding when I am wrong & the trade ends in red.
1. http://www.forexfactory.com/showpost...postcount=7743

The thing is I can cut out my bad trades & accept losses. I do not sit around in uncertainty & wait it out like you said "to see how long my capital...
You can take a horse to water but you can't make it drink the bloody stuff.

You can repeat it over and over again until you are blue in the face, but if people do not want to use a SL, they are happy with 200+ pip drawdowns and then on top start averaging thinking it will save their arse, then let them think that. 80% of the time they get lucky and it works out, which then makes them think that they have cracked it, only for one day where everything goes against them and before they know it, they put all their eggs in one basket and get their trading account blown to smithereens.

Sometimes, nah, most of the time, people only learn the hard way. They need to experience what it is like to blow an account before realisation hits them that what they were doing is actually gambling and not doing proper risk management. Unfortunately, for some this realisation will never come to them and let it be so.

It is all part of the psychology of trading and the Forex journey that is an unique experience for every one of us.
  • #239,249
  • Jul 19, 2010 10:58am Jul 19, 2010 10:58am
Hi Privet............pls can u kindly tell me how to open .ex4 files...so that i can view ur attachment.......thanks........
  • #239,250
  • Jul 19, 2010 10:59am Jul 19, 2010 10:59am
Quoting USD-Bear
Whole day i've noticed relative strength looking at EUR/USD versus GU eg weak G.
For the last hour I see the opposite eg strong G.
Do not think it's enough to base a long on, rather see levels of 1.516 or even 1.507 but it makes longs less risky.

I have bought based on this support 1.52..the reasoning is weekly bullish candles..and a rejection the one downside last week then attempt to 1.55..only time can tell thou..

good luck on trades

azim charts illustrated the stregth of this area
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 23 KB
  • #239,251
  • Jul 19, 2010 11:02am Jul 19, 2010 11:02am
Quoting nAVIN2007
I have bought based on this support 1.52..the reasoning is weekly bullish candles..and a rejection the one downside last week then attempt to 1.55..only time can tell thou..

good luck on trades

azim charts illustrated the stregth of this area
Hope You are right, I just do not trust the pattern of EUR/USD to take long at current levels......
Don't be a hero. Don't have an ego. Always question yourself
  • #239,252
  • Jul 19, 2010 11:19am Jul 19, 2010 11:19am
Quoting nAVIN2007
I have bought based on this support 1.52..the reasoning is weekly bullish candles..and a rejection the one downside last week then attempt to 1.55..only time can tell thou..

good luck on trades

azim charts illustrated the stregth of this area
I am not so sure. I am still holding onto my swing trade from last Friday and trying to manage just this one trade on GU, which is bloody difficult without a feed as the corporate firewall blocks it. (Working from home today )

Attached Image (click to enlarge)
Click to Enlarge Name: swing_trade.PNG Size: 41 KB


We are in a crucial area now. 50% fib, just broke through the daily inside bar setup I posted at the weekend -
http://www.forexfactory.com/showthre...31#post3880631

Does that mean I am right or you are right? We shall have to wait and see. I have already locked this into profit and I will re-evaluate my TP tonight at market close. In the mean time I am also looking at other pairs in between work. (Although today I have skived off as I am at home )

Day-trading is off the menu for me at the moment as they took my direct DSL line away.

Good luck with your trades and peace out
  • #239,253
  • Jul 19, 2010 11:23am Jul 19, 2010 11:23am
Quoting nAVIN2007
I have bought based on this support 1.52..the reasoning is weekly bullish candles..and a rejection the one downside last week then attempt to 1.55..only time can tell thou..

good luck on trades

azim charts illustrated the stregth of this area
Trying to stay with your lovely bulls mate? LOL... Sure profit u alot before... Still holding my short. I want to see a valid pull back.. otherwise.. stay with the trend..
  • #239,254
  • Jul 19, 2010 11:26am Jul 19, 2010 11:26am
Quoting bbakker
You can take a horse to water but you can't make it drink the bloody stuff.

You can repeat it over and over again until you are blue in the face, but if people do not want to use a SL, they are happy with 200+ pip drawdowns and then on top start averaging thinking it will save their arse, then let them think that. 80% of the time they get lucky and it works out, which then makes them think that they have cracked it, only for one day where everything goes against them and before they know it, they put all their eggs in one basket and get their...
hi brian

I only meant well really. Because going thru bad experiences out of one's own ignorance is needless to make the forex journey a unique experience.

So how's your trading coming along my friend? All great I hope!
Thank You
  • #239,255
  • Jul 19, 2010 11:27am Jul 19, 2010 11:27am
Quoting mloistianto
Trying to stay with your lovely bulls mate? LOL... Sure profit u alot before... Still holding my short. I want to see a valid pull back.. otherwise.. stay with the trend..
Which trend my friend? The one we have been in the last 2 months, or the one we have been in the last 2 days. If you are staying with the trend, you want to stay with the long-term trend and that ain't short.

I am short, but we are in a crucial area as to whether this is just a pull-back or not and I would certainly not say that I am with the trend!
  • #239,256
  • Jul 19, 2010 11:30am Jul 19, 2010 11:30am
Quoting nAVIN2007
I have bought based on this support 1.52..the reasoning is weekly bullish candles..and a rejection the one downside last week then attempt to 1.55..only time can tell thou..

good luck on trades

azim charts illustrated the stregth of this area
yup. 5205 is holding, not surprisingly. but given the time of the day & the momentum earlier, personally for me I reckon it's a bit too early to reverse & go long. Believe me, I am itching to press that buy button
But I'll wait till LO tomorrow. Hope it works out for you bro. Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 29 KB
Thank You
  • #239,257
  • Jul 19, 2010 11:39am Jul 19, 2010 11:39am
Quoting wormboy
yup. 5205 is holding, not surprisingly. but given the time of the day & the momentum earlier, personally for me I reckon it's a bit too early to reverse & go long. Believe me, I am itching to press that buy button
But I'll wait till LO tomorrow. Hope it works out for you bro. Good luck!
lol, well wormie I had to try a small posistion from the bottom of my channel , c if it can get back to 1.5250 to start then 1.5271 , will test the waters for you ha ha
Attached Image (click to enlarge)
Click to Enlarge Name: 576 tic 1.jpg Size: 167 KB
  • #239,258
  • Jul 19, 2010 11:42am Jul 19, 2010 11:42am
Quoting wormboy
yup. 5205 is holding, not surprisingly. but given the time of the day & the momentum earlier, personally for me I reckon it's a bit too early to reverse & go long. Believe me, I am itching to press that buy button
But I'll wait till LO tomorrow. Hope it works out for you bro. Good luck!
thanks buddy ..u know me..im very precautious..so even if it dont hold..aint the end might just hold..if it doesnt then 1.50 is the best bet..if that dont work we slipping deep
  • #239,259
  • Jul 19, 2010 11:42am Jul 19, 2010 11:42am
Quoting wormboy
hi brian

I only meant well really. Because going thru bad experiences out of one's own ignorance is needless to make the forex journey a unique experience.

So how's your trading coming along my friend? All great I hope!
The bastards took my DSL line away at work a while back, so I cannot access my MT4 feeds during the day. This means that swing trading is my only option.

This has turned things on it's head, but in some ways I am finding myself more relaxed with looking at the higher timeframes. Hence I have had to make drastic changes to my trading plan which I will finally complete on our family holiday next week at my sister-in-law's villa in Ibiza.

So I am on Micro still and I am not yet consistent, but hopefully this trading plan will help me focus, be patient and only enter the market when it is right. Analysing my trades will be easier as I will restrict myself to have only 3 open trades at a time, unless I have moved a trade into BE+, which will allow me to open a new position. I have come to realise that for me and my hectic schedule with a full-time job and 2 small children, less is more.

I enjoy reading your posts and I have learned so much in the 6 months since I have started trading Forex. Keep up the great work and keep drilling it to them. It is worth it as for some people it is a valueable lesson, for others who are a lost cause, they will never learn. But hey ho, we have fun as we go.

I am active today on the forum as I am working from home, but it is just to pop in to say hello. Having time away has also been a smart move and I will spend less time on here in the future, although I will always come by to say hello to some great friends.
  • #239,260
  • Jul 19, 2010 11:45am Jul 19, 2010 11:45am
Quoting bbakker
I am not so sure. I am still holding onto my swing trade from last Friday and trying to manage just this one trade on GU, which is bloody difficult without a feed as the corporate firewall blocks it. (Working from home today )

Attachment

We are in a crucial area now. 50% fib, just broke through the daily inside bar setup I posted at the weekend -
http://www.forexfactory.com/showthre...31#post3880631

Does that mean I am right or you are right? We shall have to wait and see. I have already locked this into...
peace out bro! and good luck with yur trades
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