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Cable Update (GBPUSD)

  • #240,121
  • Jul 22, 2010 1:15am Jul 22, 2010 1:15am
Quoting bidalufias
Thanks for the info Tau.

i'm still new in forex. been trading for only about 1 year.

blown my mini 100 dollar account many times. once i climbed up to as much as 4k then unleashed HELL. i was like posessed and just kept on opening counter trend trades hoping to pick the TOP. Ended up with 18 open trades and what do you know... margin call!

the thing is, i dont trade full time and so i miss most of the setup's. when i get the chance to enter, the move is already on its way and when i jump in, everybody has left.

it is almost like, at that...
Good day to you,

Thank you for your post. Like Magix said, this is carbon copy observations you have made and applies/applied to all of us at one stage or the other. It seems to me that because of your time constraints, you carry a monkey on your back telling you that you MUST trade in the time you do have available. This causes you to enter silly positions at times.

Take your time - there are more than enough opportunities.

Heading off to the gym. Back to my corner.

All the best with your efforts

Regards
  • #240,122
  • Edited 1:40am Jul 22, 2010 1:16am | Edited 1:40am
Quoting GlobalMacro
no trap this time...
short on break of 1.5181...
...this thing's somehow got a problem moving...so I'm exiting the short here at 1.5153 and staying flat
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #240,123
  • Jul 22, 2010 1:24am Jul 22, 2010 1:24am
Quoting GlobalMacro
...this thing's somehow gotta problem moving...so I'm exiting the short here at 1.5153 and staying flat
That thing is scared to move anyway..

too many fat fingers ...around...
  • #240,124
  • Jul 22, 2010 1:24am Jul 22, 2010 1:24am
Quoting GlobalMacro
...this thing's somehow gotta problem moving...so I'm exiting the short here at 1.5153 and staying flat
Hi, mate.. thanks for the vouch.. Appreciate it..

a quickie eh? I'm holding a short from 1.5232 from yesterday.. Will hold it today.. I dunno, my opinion is some days ago GU fly to 1.5450 trapping those bulls then crash alot. Now we are in a retracement, leaving those people which still believe in bulls.. Then yesterday, she trap people by making people think she want to clear the bulls. then today we crash. People still hoping for the bull. I dont think the bull will work.. We will crash.. thats what i'm thinking.. LOL.. what do u think?
  • #240,125
  • Jul 22, 2010 1:25am Jul 22, 2010 1:25am
Thanks for the support guys.

Its like a blody addiction. have to be in a trade all the time. dare i say it is more addictive than sex? hhmm.... hehe

now after a profitable trade, even if it is just a few pips, i close my charts.
(though i cant help but open it up again, 5 mins later just to peek and see if i came out at the right time. market reversed - good job mate! market went on for another 50 pips - curse my luck!)

such is life.
  • #240,126
  • Jul 22, 2010 1:32am Jul 22, 2010 1:32am
Quoting Piters
That thing is scared to move anyway..

too many fat fingers ...around...
LOL...yeah...looks constipated...they're scared she'll get funky in half a minute again all of a sudden and they'll end up donating dough to the lady...
Hear the music before the song is over ...
  • #240,127
  • Jul 22, 2010 1:35am Jul 22, 2010 1:35am
Quoting bidalufias
Thanks for the support guys.

Its like a blody addiction. have to be in a trade all the time. dare i say it is more addictive than sex? hhmm.... hehe

now after a profitable trade, even if it is just a few pips, i close my charts.
(though i cant help but open it up again, 5 mins later just to peek and see if i came out at the right time. market reversed - good job mate! market went on for another 50 pips - curse my luck!)

such is life.
its was exactly my experience.. its an addiction. just change your view, start discipline yourself. try to write in a note and stick it in your wall or wallet.. your daily target. try to have a target. 50 pips per day, 1 lot per trade max. then write it down. and repeat it each day. try daily trade. cut out your trade each end of the day whether its in lost or in winning. try that if u really want to do better in trading. I believe you are as young as me when i start my first trade. its when i was 19.. Young, full of spirit, ambitious. it can kills your trade man.
  • #240,128
  • Jul 22, 2010 1:37am Jul 22, 2010 1:37am
Quoting mloistianto
Hi, mate.. thanks for the vouch.. Appreciate it..

a quickie eh? I'm holding a short from 1.5232 from yesterday.. Will hold it today.. I dunno, my opinion is some days ago GU fly to 1.5450 trapping those bulls then crash alot. Now we are in a retracement, leaving those people which still believe in bulls.. Then yesterday, she trap people by making people think she want to clear the bulls. then today we crash. People still hoping for the bull. I dont think the bull will work.. We will crash.. thats what i'm thinking.. LOL.. what do u think?
Cheers bro
your price's good so you got a lot of wiggle room...I entered lower so need to be careful....actually not a quickie...I was looking for sub-1.5100 but I don't like her manners so I'm staying out for better opportunities...
Hear the music before the song is over ...
  • #240,129
  • Jul 22, 2010 1:41am Jul 22, 2010 1:41am
Quoting GlobalMacro
Cheers bro
your price's good so you got a lot of wiggle room...I entered lower so need to be careful....actually not a quickie...I was looking for sub-1.5100 but I don't like her manners so I'm staying out for better opportunities...
its not good enough, i have chances around 1.5280, i dont take it.. took it late.. crap.. i was playing my playstation after the sick movement yesterday.. when u dont see it u dont see it. LOL.. thanks again mate. but yeah 1.5180 is too close. good luck to u, but i think it will directly aim 1.5130 again. clear it then 1.5 we goo.. cheers!!
  • #240,130
  • Jul 22, 2010 1:59am Jul 22, 2010 1:59am
Quoting mloistianto
its not good enough, i have chances around 1.5280, i dont take it.. took it late.. crap.. i was playing my playstation after the sick movement yesterday.. when u dont see it u dont see it. LOL.. thanks again mate. but yeah 1.5180 is too close. good luck to u, but i think it will directly aim 1.5130 again. clear it then 1.5 we goo.. cheers!!
LOL...you're right bro, playing playstation was a lot better a choice yesterday than trading...

good luck with your trade today!
Hear the music before the song is over ...
  • #240,131
  • Jul 22, 2010 2:03am Jul 22, 2010 2:03am
Quoting GlobalMacro
LOL...you're right bro, playing playstation was a lot better a choice yesterday than trading...

good luck with your trade today!
actually i trade that movement bro. lost 15 pips, then i'm out, playing LOL... good luck with you too.. the short will come in play in a moment..
  • #240,132
  • Jul 22, 2010 2:26am Jul 22, 2010 2:26am
as long as price not closed above 1.5230 im still in bearish sentiment
Verily, in every difficulties there is relief
  • #240,133
  • Jul 22, 2010 2:28am Jul 22, 2010 2:28am
Quoting primzvicious
as long as price not closed above 1.5230 im in bearish sentiment
A test 1.5280 only i see bull still around. ELse bearish rules on.
Same old chart
Attached Image (click to enlarge)
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  • #240,134
  • Jul 22, 2010 2:34am Jul 22, 2010 2:34am
rumours circulating that Uk retail sales due at 0830am gmt will be dissappointing !? Buy the rumour, sell the fact ?

G/L
ex member
  • #240,135
  • Jul 22, 2010 2:51am Jul 22, 2010 2:51am
Quoting Bull_Bear
Holding short mate... 1.5297, looking for 1.5130.... than 1.5000 final destination.

Mrs Sterling better not F$%K around again
1st TP hit....

Have just closed off all shorts now, am rethinking that we have seen the bottom and 1.5000 is a big ask,
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #240,136
  • Edited 3:32am Jul 22, 2010 2:51am | Edited 3:32am
hi all...

im waiting to reload my short at daily 5sma at 1.5237 target 1.5.happy trading n green pips...
Gold Expedition Return This Year: -16.4%
  • #240,137
  • Jul 22, 2010 2:54am Jul 22, 2010 2:54am
Quoting budak baru
hi all...

im waiting to reload my short at daily 5sma at 1.5237 target 1.5.happy trading n green pips...
5228 is 50% of last swing down 5335-5122.

G/L
ex member
  • #240,138
  • Jul 22, 2010 2:57am Jul 22, 2010 2:57am
Quoting Bull_Bear
1st TP hit....

Have just closed off all shorts now, am rethinking that we have seen the bottom and 1.5000 is a big ask,
so true... coincidentally, yesterday low hit the bottom of 4H trendline
Attached Image (click to enlarge)
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Verily, in every difficulties there is relief
  • #240,139
  • Jul 22, 2010 2:58am Jul 22, 2010 2:58am
Quoting Bull_Bear
1st TP hit....

Have just closed off all shorts now, am rethinking that we have seen the bottom and 1.5000 is a big ask,
Morning B_B Is 5300 again one of your targets?
"Keep your eyes on the helpers" - Mr. Rogers
  • #240,140
  • Jul 22, 2010 3:01am Jul 22, 2010 3:01am
Quoting Bull_Bear
1st TP hit....

Have just closed off all shorts now, am rethinking that we have seen the bottom and 1.5000 is a big ask,
maybe she is playing some trick.. LOL.. crap.. i was fooled..
well let my sl hit then..
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