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Cable Update (GBPUSD)

  • #248,341
  • Aug 24, 2010 11:48am Aug 24, 2010 11:48am
Quoting AdrianHNV
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
ecause what the bank offers is guaranteed and what we do is RISKY! although I must say I have finally reached the point where I can see how the pro's don't lose all their money. With tight stops and good MM it becomes very hard to blow and account. Doesn't make it easier to be a consistant winner but sure helps...

About the 6%, don't reckon I will make it every week but am going to try, got 7.5% last week and am down 0.65% this week after two trades...

Not here all the time with my rugby but try to check the charts as often as possible. Got thursdays off so hoping to catch a nice 100 pipper then
@pawpaw1000 on Twitter
  • #248,342
  • Aug 24, 2010 11:49am Aug 24, 2010 11:49am
I want to hear more rugby. I played the game just long enough
to learn that getting my bell rung wasn't helping maintain synaptic
junctions. Played with guys from South Africa, NZ and Australia
who were attending the same school in the US. I was a 'wing'.
One told me, "when you get the ball, pin your ears back and
run like a bloody fool." I was good at that. Stark terror. lol

Dr. D.

Quoting pawpaw1000
Not here all the time with my rugby but try to check the charts as often as possible. Got thursdays off so hoping to catch a nice 100 pipper then http://cdn.forexfactory.com/images/s...m/thumbsup.gif...
  • #248,343
  • Aug 24, 2010 11:50am Aug 24, 2010 11:50am
Quoting wormboy
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!
been a very good week and its only Tuesday . All good bro all good , hope the same for you
  • #248,344
  • Aug 24, 2010 11:52am Aug 24, 2010 11:52am
Quoting wormboy
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!
@pawpaw1000 on Twitter
  • #248,345
  • Aug 24, 2010 11:56am Aug 24, 2010 11:56am
Quoting fourxtrader
I want to hear more rugby. I played the game just long enough
to learn that getting my bell rung wasn't helping maintain synaptic
junctions. Played with guys from South Africa, NZ and Australia
who were attending the same school in the US. I was a 'wing'.
One told me, "when you get the ball, pin your ears back and
run like [i][color=blue]a...
Good to hear!

Ja, thats about right, although the game has changed alot... Our wingers weigh between 95kg and 110kg... I am 122kg and the lightest player in our tight 5 is 114kg...

So yeah, quite tough on the body but still fun every now and then! I play with Fijians, Other Islanders, Australians, British, Irish, South africans, argentinians and even Senegalians!

Quite fun to learn about all the cultures and ofcourse, living in France has its perks... Also able to travel alot as we get about 9weeks holiday per year.
@pawpaw1000 on Twitter
  • #248,346
  • Aug 24, 2010 11:57am Aug 24, 2010 11:57am
Quoting digger1
been a very good week and its only Tuesday . All good bro all good , hope the same for you
Hey digger, fill in the blanks. We're waiting.

Dr. D.
  • #248,347
  • Aug 24, 2010 11:57am Aug 24, 2010 11:57am
In my 4H TF chart, last candle closed below downtrend channel, so still a downtrend-favorable IMO..

Let's see if it can retest today's low... Anytime soon? Nobody knows...


Quoting wormboy
hey, anyone still going long for 1.63?
  • #248,348
  • Aug 24, 2010 11:57am Aug 24, 2010 11:57am
Quoting digger1
been a very good week and its only Tuesday . All good bro all good , hope the same for you
good to hear
no complaints here. cleared all positions earlier & currently flat.
Looking for a good price to sell one more time for the week before looking for longs. 5240 looks likely too once this monthly pvp goes.
What are you trading?
Thank You
  • #248,349
  • Aug 24, 2010 12:00pm Aug 24, 2010 12:00pm
Quoting HowieTrader
In my 4H TF chart, last candle closed below downtrend channel, so still a downtrend-favorable IMO..

Let's see if it can retest today's low... Anytime soon? Nobody knows...


i was taking the piss
Thank You
  • #248,350
  • Aug 24, 2010 12:01pm Aug 24, 2010 12:01pm
Quoting fourxtrader
Hey digger, fill in the blanks. We're waiting.

Dr. D.
ah ha ha , easy lots of selling yesterday , 2 very nice H&S pattern , everytime the price got in too your compression bands it was like a bow getting drew back to shoot down , until we got to the weekly L4 level
  • #248,351
  • Aug 24, 2010 12:02pm Aug 24, 2010 12:02pm
Quoting pawpaw1000
how's it going pawpaw
stay off the roids okay
Thank You
  • #248,352
  • Aug 24, 2010 12:07pm Aug 24, 2010 12:07pm
Quoting wormboy
how's it going pawpaw
stay off the roids okay
HAHA...

Going alright mate, tempted to put on a short overnight and see what happens... got 5476 as a nice resistance to any up moves and even with the bad news from US, still think we should at least visit todays lows once more and maybe break down even further...

What you reckon? Selling over asian session or gonna wait for LO. Asia has been very busy of late...
@pawpaw1000 on Twitter
  • #248,353
  • Aug 24, 2010 12:08pm Aug 24, 2010 12:08pm
Quoting 4xStar
Yeah, call it 'methodology' ... when pro traders hear 'system' they think of Vegas
My apologies for calling it a system. Tbh, I didn't mean to use it (noticed i called it a plan in the 1st line of my post), but didn't realized I used the word later on until you called me out on it.

In any event, again, as I said before, thank you for your ideas.
  • #248,354
  • Aug 24, 2010 12:09pm Aug 24, 2010 12:09pm
Quoting wormboy
good to hear
no complaints here. cleared all positions earlier & currently flat.
Looking for a good price to sell one more time for the week before looking for longs. 5240 looks likely too once this monthly pvp goes.
What are you trading?
ah was playing in the dragon quite a bit earlier today , was a nice ride lol,
  • #248,355
  • Aug 24, 2010 12:10pm Aug 24, 2010 12:10pm
Quoting fourxtrader
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
[i][color=#0000ff]timing...
All good,all makes lyrical sense,thanks Kill56, and all of you for your leadership in techs, fundies and good humour and patience throughout the most amazing maelstrom of my life. I.m hoping that one day i will be able to contribute effectively. Have to change my charting system to get in tune with you good people, i love the appearnce of your compression charts.
Thanks ,Doc. All good to you.
All systems of divination, like music itself,work through patterns.
  • #248,356
  • Aug 24, 2010 12:11pm Aug 24, 2010 12:11pm
Quoting pawpaw1000
HAHA...

Going alright mate, tempted to put on a short overnight and see what happens... got 5476 as a nice resistance to any up moves and even with the bad news from US, still think we should at least visit todays lows once more and maybe break down even further...

What you reckon? Selling over asian session or gonna wait for LO. Asia has been very busy of late...
well if you ask me, i'd say it's more a question of when it breaks lower instead of maybe. probably slide a bit more for a few days before pausing. Don't reckon it'll happen between now & asia later tho. save the entry for later methinks.
Thank You
  • #248,357
  • Aug 24, 2010 12:13pm Aug 24, 2010 12:13pm
Quoting digger1
ah was playing in the dragon quite a bit earlier today , was a nice ride lol,
i didn't catch that one
Thank You
  • #248,358
  • Aug 24, 2010 12:14pm Aug 24, 2010 12:14pm
Quoting wormboy
i didn't catch that one
Well not going to send it to you but I sold enough for both of us
  • #248,359
  • Aug 24, 2010 12:15pm Aug 24, 2010 12:15pm
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.

Might save a few from walking into forbidden paths.

Dr. D.
  • #248,360
  • Aug 24, 2010 12:16pm Aug 24, 2010 12:16pm
Quoting wormboy
well if you ask me, i'd say it's more a question of when it breaks lower instead of maybe. probably slide a bit more for a few days before pausing. Don't reckon it'll happen between now & asia later tho. save the entry for later methinks.
the red Line is what I see as a resistance to the up move. we also have the 200 ema on h4 and the bottom of last weeks range...

Alot to break to the upside...

Maybe I'll get a better entry higher up but am seriously considering getting in before bed tonight!!!

BTW, took the trade on my demo but am looking for better entry on my live account ;-)
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