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Cable Update (GBPUSD)

  • #252,961
  • Sep 14, 2010 11:13am Sep 14, 2010 11:13am
Quoting iqyu5an
based on what the line magix?
Based on these 2 moving averages crossing.

They do everyday.

As I prefer not to buy tops and sell bottoms, this is what I use for guidance in my counter trends.

Played up to where typical market ATR stops, and reversed.

When we shoot past this, I just add for each 20. Fractal patterned movement.

Small trades along the way, made some sheckles buying the 4 majors this morning, not feeling like holding into NY on longs.

Counter trend trades only cable.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,962
  • Sep 14, 2010 11:13am Sep 14, 2010 11:13am
Enter the Bull charging, empowered by the US
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,963
  • Sep 14, 2010 11:14am Sep 14, 2010 11:14am
Quoting Sammie
How long have you guys been trading forex? What time do you all start in the morning?

i woke up today at 6:40 and sitting till now




today results
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  • #252,964
  • Sep 14, 2010 11:16am Sep 14, 2010 11:16am
Quoting Sammie
How long have you guys been trading forex? What time do you all start in the morning?

I start everyday right before Franky and get the majority of my trading in before the London close, with a few hours after if the PA warrants it.
  • #252,965
  • Sep 14, 2010 11:16am Sep 14, 2010 11:16am
Quoting Sammie
How long have you guys been trading forex? What time do you all start in the morning?
How long have you been trading sammie?
  • #252,966
  • Sep 14, 2010 11:19am Sep 14, 2010 11:19am
Quoting wormboy
Too true. I just hate losing a little bit more than being wrong
Hope you're having a better trading day than I am my friend. Good luck!
Kicking names and Taking Ass today wormie.

Buys in green, closes in red.

Holding some counters on cable currently...
1x5503
2x5548
2x5564.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,967
  • Sep 14, 2010 11:19am Sep 14, 2010 11:19am
Quoting PipChick
How long have you been trading sammie?
About 4 months... only trading based on RSI and stocahstics though - managed to make a small gain but now really want to concentrate on candlestick set-ups.

Was a slow summer though...
  • #252,968
  • Sep 14, 2010 11:20am Sep 14, 2010 11:20am
Quoting Sammie
About 4 months... only trading based on RSI and stocahstics though - managed to make a small gain but now really want to concentrate on candlestick set-ups.

Was a slow summer though...
ok
  • #252,969
  • Sep 14, 2010 11:21am Sep 14, 2010 11:21am
good luck for your trade...

however MA is just a lagging indicator. MA is made by price ....not price is made by MA


Quoting Magix
Based on these 2 moving averages crossing.

They do everyday.

As I prefer not to buy tops and sell bottoms, this is what I use for guidance in my counter trends.

Played up to where typical market ATR stops, and reversed.

When we shoot past this, I just add for each 20. Fractal patterned movement.

Small trades along the way, made some sheckles buying the 4 majors this morning, not feeling like holding into NY on longs.

Counter trend trades only cable.
not euphoria follower
  • #252,970
  • Sep 14, 2010 11:22am Sep 14, 2010 11:22am
Quoting PipChick
ok
how about you?
  • #252,971
  • Sep 14, 2010 11:22am Sep 14, 2010 11:22am
Quoting Sammie
how about you?
7 yrs
  • #252,972
  • Sep 14, 2010 11:23am Sep 14, 2010 11:23am
Quoting iqyu5an
good luck for your trade...

however MA is just a lagging indicator. MA is made by price ....not price is made by MA
ALL INDICATORS ARE LAGGING INDICATORS.

And thanks.

Good luck on the rest of your day.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,973
  • Sep 14, 2010 11:23am Sep 14, 2010 11:23am
Quoting Sammie
how about you?
and do you have a day job.. or is trading your day job?
  • #252,974
  • Sep 14, 2010 11:24am Sep 14, 2010 11:24am
Quoting Sammie
and do you have a day job.. or is trading your day job?
Trading is my job but it comes second to my kids and grand babies
You only need to trade a few hours a day to do well.
  • #252,975
  • Sep 14, 2010 11:24am Sep 14, 2010 11:24am
Inserted Video



for the end of the day
  • #252,976
  • Sep 14, 2010 11:25am Sep 14, 2010 11:25am
a 140 pip move and I make a loss! LOL, so much to learn.
  • #252,977
  • Sep 14, 2010 11:25am Sep 14, 2010 11:25am
Quoting PipChick
Trading is my job but it comes second to my kids and grand babies
You only need to trade a few hours a day to do well.

It's the hours in between the trades that kill most noobs here.
  • #252,978
  • Sep 14, 2010 11:26am Sep 14, 2010 11:26am
be carefull for your CT at this moment bro ....

Take care .....


Quoting Magix
ALL INDICATORS ARE LAGGING INDICATORS.

And thanks.

Good luck on the rest of your day.

not euphoria follower
  • #252,979
  • Sep 14, 2010 11:26am Sep 14, 2010 11:26am
Quoting cloggie
I am not going anywhere, just getting a little tired of the scammers and fraudsters here today.

5564 is the big roadblock here, I covered mine and am done for the day.
Cloggie
Newbie question what exactly does it mean when you say you coved 5564

Do you put your stop there to get out or did you place a sell stop order just below for a retrace.... could you explain
Thanks
  • #252,980
  • Sep 14, 2010 11:27am Sep 14, 2010 11:27am
Quoting cloggie
It's the hours in between the trades that kill most noobs here.
You are so right cloggie. I was watching this thread this morning and watching unnecessary losses only because of lack of patience to wait for the firm moves.Some lucky and some unlucky but none the less, most were risky.
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