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Cable Update (GBPUSD)

  • #248,321
  • Aug 24, 2010 11:15am Aug 24, 2010 11:15am
Hi guys,

I posted my 2 trades yesterday...just want to let you know that I am short again @ 1.5472 with 30pips stop...I will update with trailing stop later...limit OPEN for now...
  • #248,322
  • Aug 24, 2010 11:15am Aug 24, 2010 11:15am
Quoting 4xStar
Click on his name, then on the profile page there will be an option "add to ignore list"
Welcome to the FL Iggy Club!
thnx hun, I appreciate your help
  • #248,323
  • Aug 24, 2010 11:16am Aug 24, 2010 11:16am
Quoting fourxtrader
Thinking of becoming a commercial member. I need
the recognition.... might serves as a distraction from
how pathetic I am as a trader. Would setting up
a lemonade stand outside the asylum qualify??? LOL

Dr. D.
Just open a bar, the 'Living In A Dumpster Drop Inn" make sure the margheritas are frozen and the beer is cold (except for the Brits of course) and we will be there. You can offer 'Bad Trades Specials' at 1/2 price.... or maybe twice the price so people learn they will have to pay for stupidity
******************* I'd rather make money than be right.
  • #248,324
  • Aug 24, 2010 11:19am Aug 24, 2010 11:19am
Quoting fourxtrader
Definition: 1. sudden realization: a sudden intuitive leap of understanding, ...

Of course I keep having these moments. Trading can be
simple.... trading can be simple. Keep it simple.

Cloggie, Magix and others here try to teach that less is
more... keep it simple and limit or eliminate the indicators.

I'm best off to follow the colored lines [i][color=#0000ff]and...
Gotta say, I've been demoing your plan for a little while now, and I am starting to become a believer. I haven't had one trade go bad so far with your system. It really helps me identify when a breakout is about to occur, which has always been a problem for me.

Anyways, just wanted to say thanks for putting your ideas out here.
  • #248,325
  • Aug 24, 2010 11:20am Aug 24, 2010 11:20am
I would luv to see the GBP retouch todays lows
  • #248,326
  • Aug 24, 2010 11:21am Aug 24, 2010 11:21am
Quoting Magix
Actually, I do follow more then you would realize....

I did watch you say that you closed a long for +7 a few days back and wondered to myself, why people like you bother posting a diatribe on a 300 pip slide only to take a 7 pip gain...and watched this morning how that 300 pip slide that you actually accurately forecasted, turned into a 200 pip slide that you shorted at bottom taking a 20 pip hit.

You ranted about your years of experience and how somebody as simple as me could never understand the complexity of your logic...you are 100% right...
Magix, this is my last message to you because it leads to nothing sense-full, after that you are in my ignore box.
Try to find where you asked me once about my ideas, you will not find it.
You are turning words, trying to impress somebody or to hide the stupidity in your attacks.
You are selective in your responses.
You are not impressing me with your closed mind, your 3 years of experience, your fixed trading-rules and the pity-full way of communicating.
Again the words you choose in personalizing me as someone with his head deep in the clouds miss any foundation, on the contrary if I learned something it is being humble towards the market and the ability to forecast it, something guys like you with your fixed trading rules I'm sure will learn the hard way.
I presume you are very young and missed some essentials in common politeness in your education or maybe the lack of it.
Don't be a hero. Don't have an ego. Always question yourself
  • #248,327
  • Aug 24, 2010 11:22am Aug 24, 2010 11:22am
One last chart...baruch.

Fast cross slow 5m chart, price drops below support, watch for trade and targets.

Good luck on the rest of your day guys!
Attached Image (click to enlarge)
Click to Enlarge Name: 5m2.jpg Size: 78 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,328
  • Aug 24, 2010 11:25am Aug 24, 2010 11:25am
Quoting Nate04
Gotta say, I've been demoing your plan for a little while now, and I am starting to become a believer. I haven't had one trade go bad so far with your system. It really helps me identify when a breakout is about to occur, which has always been a problem for me.

Anyways, just wanted to say thanks for putting your ideas out here.
Careful, don't use the word 'system'.... digger will take away
my vouch. lol He'll come along and give a proper explanation
with good reason and fill in the spaces. Something to the effect
that.... "systems don't work___________________only methods."

Dr. D.
  • #248,329
  • Aug 24, 2010 11:25am Aug 24, 2010 11:25am
Quoting joemiami
I would luv to see the GBP retouch todays lows
same here but reckon we might range here a bit and then move down in Asia session!

50% retrace of the move down is at 5494 but I doubt we will reach there!

BTW, I have realised that I need one good trade per week to get good growth, thats saying risk 2% of account and RR of 3 gives me 6% per week. One would obviously trade more than once a week on the m15 tf but I have found I'm alot more relaxed than I was when I started...

I used to chase every single move and it has FINALLY dawned on me that I only need 1 good setup per week to make my 6% per week

Not meant to bore anyone but actually put out as a question to others...

Btw, reckon its better than moaning about FL

hehe...
@pawpaw1000 on Twitter
  • #248,330
  • Aug 24, 2010 11:28am Aug 24, 2010 11:28am
Quoting fourxtrader

Of course I keep having these moments. Trading can be
simple.... trading can be simple. Keep it simple.


Quote
I'm best off to follow the colored lines and patterns like this.
Wait for a tight gathering and then a committed separation
and jump aboard until the move changes and the lines collapse.

Find another tf and follow the same process... even if it is
a counter / retract move... it most often follows the same
compression pattern on some tf or other.


You may be on to something bigger than you know .. I've also been playing with this for a few days .. I am seeing some amazing results. Will not have anything more to say for another week or two as I need more time to experiment with a live acct. So far ... verrrrryyyy interrresting
******************* I'd rather make money than be right.
  • #248,331
  • Aug 24, 2010 11:31am Aug 24, 2010 11:31am
Quoting pawpaw1000
same here but reckon we might range here a bit and then move down in Asia session!

50% retrace of the move down is at 5494 but I doubt we will reach there!

BTW, I have realised that I need one good trade per week to get good growth, thats saying risk 2% of account and RR of 3 gives me 6% per week. One would obviously trade more than once a week on the m15 tf but I have found I'm alot more relaxed than I was when I started...

I used to chase every single move and it has FINALLY dawned on me that I only need 1 good setup per week to make my...

Well now that hes on my iggy list....... I can concentrate more on learning more from ppl like Magix, cloggie, and the others
  • #248,332
  • Aug 24, 2010 11:32am Aug 24, 2010 11:32am
Quoting fourxtrader
Careful, don't use the word 'system'.... digger will take away
my vouch. lol He'll come along and give a proper explanation
with good reason and fill in the spaces. Something to the effect
that.... "systems don't work___________________only methods."

Dr. D.
Yeah, call it 'methodology' ... when pro traders hear 'system' they think of Vegas
******************* I'd rather make money than be right.
  • #248,333
  • Aug 24, 2010 11:37am Aug 24, 2010 11:37am
Quoting USD-Bear
Magix, this is my last message to you because it leads to nothing sense-full, after that you are in my ignore box.
Try to find where you asked me once about my ideas, you will not find it.
You are turning words, trying to impress somebody or to hide the stupidity in your attacks.
You are selective in your responses.
You are not impressing me with your closed mind, your 3 years of experience, your fixed trading-rules and the pity-full way of communicating.
Again the words you choose in personalizing me as someone with his head deep in...
For shame, for shame, for shame....

I think you best look back at my targets and forecasts before you go any further here my friend. Approach the market with as much due caution as you see fit. I have my trade plan...analyze my targets and trade as I see most fit.


Again, I really could care less what you do with your trades and money. It's the logic that you post that leaves me to wonder.

Yeah, 3 years. Yeah, not much by way of an edumication. And yeah, will not put up with bullshit from anybody. And?

My idea of the FF is a free exchange of ideas. You don't have to like me, nor follow my trade plan, kewl beans, I am still going to post what I see fit and all by the same technical analysis I trade off of.

When you climb off your high horse and start to actually read what I say, perhaps instead of being all pissy and such, you might see that what I have to say might be worth a listen. Even if you don't agree, might still keep the idea in the back of your head on just a cautionary note.

Do you really think I show up here, just to piss you off? Do you think my intent is to wildly swing the market against you? Free exchange of ideas and price trade analysis.

Now, as the same as I closed my first reply to you....

Best of luck on the rest of your trade week Tiger!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,334
  • Aug 24, 2010 11:38am Aug 24, 2010 11:38am
Quoting kaspopsicle
With a little vody stashed in the dumpster?Seriously speaking i endorse everything 4X has said. He was on my iggy list becos of irrelevant behavior and extremely slow charts Whereas you are one of the people i zoom in on for a piece of sound reasoning and poetry. Thanks Doc.
Thanks,

Only wish poetry, riddles and satire produced pips.

By the way... Kill56 represents the contrast between light vs darkness...
light hearted, good natured humor vs distasteful decadence.

Follow Magix, Cloggie and the leaders here who know what they
are doing and maybe throw in a compression chart simply as a
timing tool to limit your screen time and reduce EMF waves.

Dr. D.
  • #248,335
  • Aug 24, 2010 11:39am Aug 24, 2010 11:39am
hey, anyone still going long for 1.63?
Thank You
  • #248,336
  • Aug 24, 2010 11:40am Aug 24, 2010 11:40am
Quoting pawpaw1000
same here but reckon we might range here a bit and then move down in Asia session!

50% retrace of the move down is at 5494 but I doubt we will reach there!

BTW, I have realised that I need one good trade per week to get good growth, thats saying risk 2% of account and RR of 3 gives me 6% per week. One would obviously trade more than once a week on the m15 tf but I have found I'm alot more relaxed than I was when I started...

I used to chase every single move and it has FINALLY dawned on me that I only need 1 good setup per week to make my...
Yup fully agree my friend, money management control is far more important than trying to get as many pips per day as possible from as many trades per day as possible.

I believe that once someone has learnt not too chase every single move, they become more relaxed and earn more.

6% per week is even without compounding one's account well over 300% per year........ Wow, how come so many accept the little 1 -3 % per year banks offer
  • #248,337
  • Aug 24, 2010 11:41am Aug 24, 2010 11:41am
Quoting wormboy
hey, anyone still going long for 1.63?
nooooooooooooooooooooooooooooooooooo but would if there was correlation
  • #248,338
  • Aug 24, 2010 11:44am Aug 24, 2010 11:44am
Quoting AdrianHNV
nooooooooooooooooooooooooooooooooooo but would if there was correlation
lol i was taking the piss
Thank You
  • #248,339
  • Aug 24, 2010 11:45am Aug 24, 2010 11:45am
Quoting wormboy
lol i was taking the piss
ah ha ha , got to wait till your buddy is selling for the next 2 weeks then it will time for longs ha ha
  • #248,340
  • Aug 24, 2010 11:48am Aug 24, 2010 11:48am
Quoting digger1
ah ha ha , got to wait till your buddy is selling for the next 2 weeks then it will time for longs ha ha
lol, 600 pips down, but noooooo "we're in an uptrend". yeah, good luck with that
how's it going bro? all good i hope!
Thank You
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