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Cable Update (GBPUSD)

  • #245,621
  • Aug 13, 2010 8:09am Aug 13, 2010 8:09am
Quoting bbakker
Was that in your plan then?
no, i thought it would bounce 50 + pips... it still may...but i have to go do my day job :-)


price is riding below the daily pivot
bouncing off of the weekly s2
already 106 pips range for the day and is at 10% of the daily low
news it flat

"should go up" but too many people are thinking short (i still think it will sometime today)
  • #245,622
  • Aug 13, 2010 8:09am Aug 13, 2010 8:09am
Quoting mpurdy1973
would you mind sharing your mq4 or ex4 file on this indicator...
here is mine (i created them myself... willing to share if you want)
I refer you to my answer to your original question, it is contained in post # 245619 above.
ex member
  • #245,623
  • Aug 13, 2010 8:09am Aug 13, 2010 8:09am
Quoting bbakker


Plan your trade and then trade to your plan. How many times do you hear that on here? It is because it is so true. If you don't have a trading plan, you will keep changing your mind and that is fatal! I remember one of Cloggie's old posts which is the typical thought process of a trader with no plan!

http://www.forexfactory.com/showthre...ck#post3786428

I can hear newbies reading this who don't have a trading plan, saying it is all in my head, I know my plan, I know what I am doing. To answer...
Excellent advise....... Fortunately my 'teacher taught me this about FOREX very early on in my career here. I wrote down my POA (Plan of Action) and have apart from the odd tweek stuck too it through all the ups and downs.

Am now reaping the rewards of all the planning and daily reading of my 'affirmations'.....

Those who are new should do this daily, in the beginning of your Forex career maybe even hourly. Especially as others have said the 'human brain' has a way of playing tricks on yourself.



PS..... As a Bee I don't suffer from Human interventions
  • #245,624
  • Aug 13, 2010 8:10am Aug 13, 2010 8:10am
Quoting bbmac
Had it covered mate, see post above yours, '...that previous 1hr swing lo zone = potential sbr is where price may find some supply...' I had it marked on 1hr t/f as potential sbr...exited accordinbly for +11pips only...Thanx.
orite, sorry didn't see your earlier post. cheers
Thank You
  • #245,625
  • Aug 13, 2010 8:12am Aug 13, 2010 8:12am
Quoting mpurdy1973
no, i thought it would bounce 50 + pips... it still may...but i have to go do my day job :-)
I also have a day job with no access to live MT4 feeds. Therefore no day trading for me, hence having to swing trade of the higher TFs.

Work is really slow as every August is. I would continue on my trading plan at work, but I left it at home.

So I am spending my day at the pool table and on here instead.
  • #245,626
  • Aug 13, 2010 8:13am Aug 13, 2010 8:13am
Quoting wormboy
you missed the overhead res mac. pretty tight. could go either way imo
PA is ready for a break upside though
COT: The precious data ignored
  • #245,627
  • Aug 13, 2010 8:16am Aug 13, 2010 8:16am
Quoting bbmac
on that screenshot the only mq4 indicator I use is the fib tool standard on the line studies toolbox of the MT4 charting. The trend lines and coloured zones are added and updated manually as appropriate again using the rectangle and trend lines tool in the line studies toolbox of the MT4 charting.

G/L

okay, i thought your indicator put it all in for you... (gives me an idea for a new indicator :-)
thanx anyway
  • #245,628
  • Aug 13, 2010 8:16am Aug 13, 2010 8:16am
Quoting kuroro001
PA is ready for a break upside though
good. i can sell at a better price
Thank You
  • #245,629
  • Aug 13, 2010 8:19am Aug 13, 2010 8:19am
Quoting wormboy
good. i can sell at a better price
******************* I'd rather make money than be right.
  • #245,630
  • Aug 13, 2010 8:19am Aug 13, 2010 8:19am
Quoting bbakker
I also have a day job with no access to live MT4 feeds. Therefore no day trading for me, hence having to swing trade of the higher TFs.

Work is really slow as every August is. I would continue on my trading plan at work, but I left it at home.

So I am spending my day at the pool table and on here instead.

me too...i can only trade at home (im in eastern time zone) i just trade for fun now...trying to get better :-)

have a great day.
  • #245,631
  • Aug 13, 2010 8:23am Aug 13, 2010 8:23am
Quoting 4xStar
hehe

how are you today star? are you trading?
Thank You
  • #245,632
  • Aug 13, 2010 8:25am Aug 13, 2010 8:25am
Quoting wormboy
good. i can sell at a better price
hehe me too...until i see my 1,5460
COT: The precious data ignored
  • #245,633
  • Aug 13, 2010 8:31am Aug 13, 2010 8:31am
Quoting wormboy
hehe

how are you today star? are you trading?
Yep just scalping .. shorting rallies
******************* I'd rather make money than be right.
  • #245,634
  • Aug 13, 2010 8:35am Aug 13, 2010 8:35am
Quoting 4xStar
Yep just scalping .. shorting rallies
Its been a scalper's dream these last few hrs, hasn't it?

Long from 5582.......
  • #245,635
  • Aug 13, 2010 8:35am Aug 13, 2010 8:35am
Just out of interest;

How many of the people here actually live trade with their own money??????
  • #245,636
  • Aug 13, 2010 8:45am Aug 13, 2010 8:45am
I'm
  • #245,637
  • Aug 13, 2010 8:45am Aug 13, 2010 8:45am
Quoting AdrianHNV
Just out of interest;
How many of the people here actually live trade with their own money??????
I also always ask myself, if people are making money why they don't manage accounts or don't start a fund or something?
  • #245,638
  • Aug 13, 2010 8:45am Aug 13, 2010 8:45am
i do....
  • #245,639
  • Aug 13, 2010 8:47am Aug 13, 2010 8:47am
I trade my own money. Trying to anyway. Nobody else will hire me and my industry collapsed. It is make or break.....
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #245,640
  • Aug 13, 2010 8:48am Aug 13, 2010 8:48am
i do
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