Cable Update (GBPUSD) | Page 12284 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #245,661
  • Aug 13, 2010 9:09am Aug 13, 2010 9:09am
Quoting bbakker
Trading is business, your own business and you must treat it like a business. All good businesses have a business plan and do bookkeeping to keep track of how the business is doing. Same goes for trading. You have a trading plan and use a trading journal to track how your trading is going. Really the hard part is creating these tools. The easy part is updating it because like in accounting a lot of my data is automatically calculated for me. So I just put the required data in, which takes me all of 2 mins max per trade. No headache for me and I...
Well I admire your super-organization skills, but not sure that everyone can be that detail-oriented. I'm sure it will help you reach your goal though .. and fairly soon.
******************* I'd rather make money than be right.
  • #245,662
  • Aug 13, 2010 9:09am Aug 13, 2010 9:09am
Quoting joemiami
Trading for me has always been a pure passion of mine; and bcuz I love the business so much, Ive put all my heart and soul into becoming the best trader I can be. When you are passionate about your career, you will excel at it and the $$ will soon follow
Oh, and lets not forget.... the freedom of not having to work for some asshole boss, no office politics bullsh*t, taking the day off whenever you god d*mn feel like it !!, taking vacations whenever you feel like it, etc....

All I can say is ..thank god for the internet!

I just missed the latest upmove..... mother %^6er !! ...wonder of its too late to jump back in
  • #245,663
  • Aug 13, 2010 9:10am Aug 13, 2010 9:10am
Quoting xenu
I agree, I've just pointed out why not extend that passion into another level? Entire universe is about that.
When I am consistently successful, I plan to manage my kids' accounts. But I would have no desire to manage the money of strangers.... for me, that would bring stress & that is the last thing I want while trading.
******************* I'd rather make money than be right.
  • #245,664
  • Aug 13, 2010 9:11am Aug 13, 2010 9:11am
Quoting xenu
Trading is also a business, and you also need to deal with bookkeeping, no?
It probably depends on if you are trading purely for yourself or not.

I run a business and trade for myself and know which causes me the less headaches and less paperwork!

Though I keep paperwork for my trades, I don't have health and safety, tachograph law and the working time directive to deal with.
  • #245,665
  • Aug 13, 2010 9:12am Aug 13, 2010 9:12am
Hey what spooked GU ... my chart showed a 10 pip jump to the upside ??
******************* I'd rather make money than be right.
  • #245,666
  • Aug 13, 2010 9:15am Aug 13, 2010 9:15am
Quoting bbakker
I totally agree, but put a trading plan together 1st and use the demo to work out all of the questions that the market will throw at you and you can find all the answers in your trading plan. Once you have your plan, you MUST move to a micro account. Trading with real money is a totally different ball game, but if you have your plan and the plan worked in demo, then stick to it like glue in Micro and slowly build on that.
I am going to open a micro account soon, with a very small amount of the initial money, thats the plan anyways. I honestly have been trying to treat my demo account like real money though. But your right, sometimes I catch myself thinking "hey, this isn't real money, I'm going to try something..." which almost 100% of the time leads to a loss. lol
  • #245,667
  • Aug 13, 2010 9:17am Aug 13, 2010 9:17am
Coz EG sold like there's no tomorrow - if it breaks 0.82 then ... I'm crying tears big as september apples. EG down, GU up, that's it.

Quoting 4xStar
Hey what spooked GU ... my chart showed a 10 pip jump to the upside ??
forget about tomorrow, just steal away into the night
  • #245,668
  • Aug 13, 2010 9:17am Aug 13, 2010 9:17am
Quoting 4xStar
When I am consistently successful, I plan to manage my kids' accounts. But I would have no desire to manage the money of strangers.... for me, that would bring stress & that is the last thing I want while trading.
Good point, agree with that.
  • #245,669
  • Aug 13, 2010 9:19am Aug 13, 2010 9:19am
S&P 500 is struggling to move higher...she may fall back soon.

Getting ready for GBP shorts...
Attached Image (click to enlarge)
Click to Enlarge Name: ES 09-10 8_13_2010 (3500 Tick).jpg Size: 71 KB
  • #245,670
  • Aug 13, 2010 9:23am Aug 13, 2010 9:23am
done for the week. later fellas
Thank You
  • #245,671
  • Aug 13, 2010 9:27am Aug 13, 2010 9:27am
And there she goes ! On its way to the depths of hell

Short from 5608
  • #245,672
  • Aug 13, 2010 9:28am Aug 13, 2010 9:28am
Wheeee ... that was fun
Flat now.
******************* I'd rather make money than be right.
  • #245,673
  • Aug 13, 2010 9:32am Aug 13, 2010 9:32am
Quoting spekitox
Coz EG sold like there's no tomorrow - if it breaks 0.82 then ... I'm crying tears big as september apples. EG down, GU up, that's it.
"No stress, it was margin call only"


Love your profile motto..
  • #245,674
  • Aug 13, 2010 9:38am Aug 13, 2010 9:38am
Targets 1 and 2 hit on EU and the beauty is that it was all done automatically for me by using orders with SL and TP. I do have to create 3 orders for each trade though as I use the 3 runners theory. I will let the last one run to parity with a technical trailing stop.

http://www.forexfactory.com/showthre...98#post3945498

That is me done for this week. Still got my last runners on USDCAD and EURUSD which I will leave open over the weekend. Why? Well, I have already made money on my first 2 runners, and the third runner is over a 100 pips from my SL, which is a big enough safety net for it not to gap to. No more trades for me. I am done and dusted! Enjoy your weekend and I won't be back on here for a while now.... need to get that plan of mine finished!!!
  • #245,675
  • Aug 13, 2010 9:42am Aug 13, 2010 9:42am
enough for today, gu
  • #245,676
  • Aug 13, 2010 9:45am Aug 13, 2010 9:45am
Is it me or or does it seem GBP wants to continue ranging the rest of the day ?? If thats the case, then let me put on my 5 min gloves and scalp some more easy $$$.....
  • #245,677
  • Aug 13, 2010 9:48am Aug 13, 2010 9:48am
Quoting bbakker
Targets 1 and 2 hit on EU and the beauty is that it was all done automatically for me by using orders with SL and TP. I do have to create 3 orders for each trade though as I use the 3 runners theory. I will let the last one run to parity with a technical trailing stop.

http://www.forexfactory.com/showthre...98#post3945498

That is me done for this week. Still got my last runners on USDCAD and EURUSD which I will leave open over the weekend. Why? Well, I have already made money on my first 2 runners, and the third...

Good stuff.

Well enjoy your weekend........ Not too much though
  • #245,678
  • Aug 13, 2010 9:58am Aug 13, 2010 9:58am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
seems tide is about to change is UJ...short covering happening before the weekend, and we know what happens when shorts are covered...one more dive to the downside and then we go UP...

USD is being bought. Hence everything else is sold against it...

ta
ams
  • #245,679
  • Aug 13, 2010 10:14am Aug 13, 2010 10:14am
Quoting ams
seems tide is about to change is UJ...short covering happening before the weekend, and we know what happens when shorts are covered...one more dive to the downside and then we go UP...

USD is being bought. Hence everything else is sold against it...

ta
ams


I am still waiting for the demand zone to form on UJ. UJ or any JPY pair are very wicky with lots of over and undershoots. UJ is near all time low and we know that the BoJ like to intervene. A strong Yen is not good for their exports!
  • #245,680
  • Aug 13, 2010 10:32am Aug 13, 2010 10:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I am looking to go long on GJ, AJ maybe EJ...not a fan of UJ..


Quoting bbakker


I am still waiting for the demand zone to form on UJ. UJ or any JPY pair are very wicky with lots of over and undershoots. UJ is near all time low and we know that the BoJ like to intervene. A strong Yen is not good for their exports!
195 traders viewing now, 5 are registered:
Gbpusdfreakk
,
twinnerst
,
msqk
,
bblizardd
,
Waveskierrob