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Cable Update (GBPUSD)

  • #262,441
  • Oct 29, 2010 10:02pm Oct 29, 2010 10:02pm
Hmmm sorry....

" we " u mean ? sorry i am not part of your "we" word . If u're speculator, don't say other is a speculator also If you're a gambler, is the other a gambler also ?

I never speculate. maybe you did it

I do business in real sector also beside financial ( forex) sector.

Create product then sell it to the customer.

Have u ever learn management before ? where we can learn planning, organizing,actuating and controlling ( POAC)

Before creating product and selling to the customer, i always make business plan, organize the resource, actuating ( create and sell ) and controlling what we have done to see the performance.

Financial ( Forex ) sector is the same thing.

Planning ( see the trend and plan where and when we want to entry )
Organizing ( plan the lot you want to use, risk and TP )
Actuating ( push sell and buy button )
Controlling ( evaluate the position )

So ... Is the business plan a speculation plan ?

Open your mind bro ....

Happy weekend

Rgds,iqyu


Quoting jackdan
Don't you speculate? lol


basics of what we all do here, we speculate...
not euphoria follower
  • #262,442
  • Edited Oct 30, 2010 2:12am Oct 29, 2010 10:09pm | Edited Oct 30, 2010 2:12am
Quoting bbakker
Well... IF we gap up on Sunday we would be gapping up into a supply zone and this is what I would call a novice gap. Watch the following webinar to understand the difference between novice and professional gaps -

http://www.fxstreet.com/webinars/ses...2-58e60f5d5814

IF we gap up into the supply zone, I will be shorting with 1st target at gap close, 2nd target at ~1.59 and a final target of ~1.58. My final target is not impossible, but it will need to eat through some serious demand...
Perfect post... Perfect.
I watch this wideo. And... if we look at chart, there was a rally, then can be novice gap - upside and then go down. profesional gap, pair needs go down.
  • #262,443
  • Oct 29, 2010 10:55pm Oct 29, 2010 10:55pm
Good Month/Week end to all
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  • #262,444
  • Oct 30, 2010 1:45am Oct 30, 2010 1:45am
Quoting bbakker
Good luck with those shorts of yours. At least you have one thing going for you... the actual amount of money you put on the line is small and you are smart enough to start out in Forex using a Micro account. If you do lose your $140 account, just call it the price of learning and believe me, this is a cheap lesson, so long you learn from it. You learn more from your losing trades than your winning trades, but only if you review and analyse them at the end of each day!

As my mentor says - "Trading is not easy, but it is simple"
he will never make it trading serious money because he's not learning to do it the right way trading small amount. trading without stops while the risk being 40% of acct, that's not learning. Even if the trade turns and goes all the way back to 1.57 where his weakest position is not good because by the trade is based purely on hope.
If he can't trade properly from a measly $100 account, what makes you think he can handle the pressure of trading a $100k account? No bloody way.

I must applaud you for taking your time posting good information like you just did, but you just wasted it on the wrong person.
Thank You
  • #262,445
  • Oct 30, 2010 1:50am Oct 30, 2010 1:50am
Quoting Erinieks
Perfect post... Perfect.
I watch this wideo. And... if we look at chart, there was a rally, then can be novice gap - upside and then go down. profwaional gap, pair needs go down.
see what I mean? No it doesn't NEED to go down.
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Thank You
  • #262,446
  • Oct 30, 2010 1:56am Oct 30, 2010 1:56am
Quoting gsantri
Good Month/Week end to all
I got 6046 printed last.
Thank You
  • #262,447
  • Oct 30, 2010 2:13am Oct 30, 2010 2:13am
Quoting wormboy
see what I mean? No it doesn't NEED to go down.
You want long, but we will see, what happens in next week
  • #262,448
  • Oct 30, 2010 2:24am Oct 30, 2010 2:24am
Quoting Erinieks
You want long, but we wil see, whats happens in next week
Wrong. I have a bullish bias on cable, since May. People who had been here long enough to remember will tell you that I had called 1.7 since.
But, even having a bias I am not dumb enough to just keep pressing the buy button and watch my trades goes underwater as price goes the other way.
So no, I don't WANT long. I can & will trade it either way, my capital base is about 3500 times larger the size of yours, I do not play.
We're not competing here, you want it to tank for obvious reasons. I personally don't care, I will trade the direction I see its going.
Thank You
  • #262,449
  • Oct 30, 2010 2:46am Oct 30, 2010 2:46am
Quoting wormboy
Wrong. I have a bullish bias on cable, since May. People who had been here long enough to remember will tell you that I had called 1.7 since.
But, even having a bias I am not dumb enough to just keep pressing the buy button and watch my trades goes underwater as price goes the other way.
So no, I don't WANT long. I can & will trade it either way, my capital base is about 3500 times larger the size of yours, I do not play.
We're not competing here, you want it to tank for obvious reasons. I personally don't care, I will trade the direction I see...
You can reed this - http://www.forex.com/post?SDN=861a1d...6-67f5f2ef2852
  • #262,450
  • Oct 30, 2010 3:18am Oct 30, 2010 3:18am
Hi Guys/Girls

As i am still relatively new to Forex I am debating whether or not to just watch and learn next week rather than use REAL money.

Just got a gut feeling cable is going to be so volatile that is going to bite me in the ass

Good Luck Everyone....hope you are all winners
Enter Signature
  • #262,451
  • Oct 30, 2010 3:23am Oct 30, 2010 3:23am
Just Plan The Trade and Trade The Plan

Good Luck

Happy Week and Month End

Rgds,Iqyu
http://www.forexfactory.com/showpost...&postcount=857

Quoting Erinieks
You can reed this - http://www.forex.com/post?SDN=861a1d...6-67f5f2ef2852
not euphoria follower
  • #262,452
  • Oct 30, 2010 3:47am Oct 30, 2010 3:47am
Quoting wormboy
I got 6046 printed last.
Yeah, different market closed.
Windsor closed on Friday 23:29:59 @ 1.6022
Insta closed on Friday 23:59:59 @ 1.6040

Using Windsor demo for analysis, it has USD index chart.

But still you 6 pips more lol..

Have a good week end Bro
  • #262,453
  • Oct 30, 2010 4:55am Oct 30, 2010 4:55am
Quoting Erinieks
You can reed this - http://www.forex.com/post?SDN=861a1d...6-67f5f2ef2852
Quoting iqyu5an
Just Plan The Trade and Trade The Plan

Good Luck

Happy Week and Month End

Rgds,Iqyu
http://www.forexfactory.com/showpost...&postcount=857
lol

Erinieks clearly does not have a plan to trade to. It is all well saying this statement, but Forex newbies don't really understand what this statement entails. In matter of fact, the majority of traders do not even have a trading plan, so how can you then plan the trade and then trade the plan?

Forex newbies just enter/exit the market based on pure instinct maybe with a few technical indicators thrown in to confirm their believe where price is going.

I was in the same position when I started out trading and that was just 9 months ago. I came to the conclusion after a couple of months that I didn't really know WTF I was doing and made the decision to invest my time and money in my Forex education. So far it has been worth every penny, but I still have a long way to go. I am hoping to see some ROI (Return on Investment) during 2011.

Successful trading might take only months to learn, if you have chosen the right path, but it will probably take a couple of years to master. It certainly does not happen overnight. I am just being realistic and keeping my feet firmly planted to the ground. Not everyone will have the right psychology to become successful traders!

Have a great weekend!
  • #262,454
  • Oct 30, 2010 5:10am Oct 30, 2010 5:10am
Quoting wormboy
he will never make it trading serious money because he's not learning to do it the right way trading small amount. trading without stops while the risk being 40% of acct, that's not learning. Even if the trade turns and goes all the way back to 1.57 where his weakest position is not good because by the trade is based purely on hope.
If he can't trade properly from a measly $100 account, what makes you think he can handle the pressure of trading a $100k account? No bloody way.

I must applaud you for taking your time posting good information...
Thanks Azim! This is a public forum so the information is for ALL to see. I directed it at Erinieks as he posted "But I want to know next week gap. On what size, up or down."

It is a funny question because no one knows in which direction the weekend gap will be and what size it will be and clearly Erinieks has a lot to learn. I like the way his profile says he has been trading 3-5 years. He obviously has not learned very much during this time... lol

There are people out there who are the same as Erinieks but trade with accounts 10x or even 100x the size and do not know what they are doing. They go on to lose serious amounts of money and eventually just give up on trading as they simply cannot afford to trade anymore.

I know of one person, a friend of a friend, who was in this position and has now given up on trading because of the amount of money they have lost. Luckily for him it was money he could afford to lose, but it will be forever engrained as a painful experience in life. I certainly did not want to fall into this trap!

Right, it is "me" time now and I am off to the golf course. I hope my cracked rib holds up the full 18 holes. It is painful to swing, but I am playing with my brother-in-law against the President of the golf club and the assistant Pro which was scheduled earlier this year so pulling out is not really an option. I will tell them to beware of the injured golfer and I hope my brother-in-law has a blinding game... lol

I wish you a great weekend and see you on Sunday open to give my views on the gap, if any, that might have formed.
  • #262,455
  • Oct 30, 2010 6:00am Oct 30, 2010 6:00am
bbaker
LOL .... sorry before and after... your question below is very funny for me. but it's ok.

well, my answer is ..... i am not part of the majority u mentioned sorry bro .

http://www.forexfactory.com/showpost...&postcount=857

Happy Week and Month End

Cheers,Iqyu



Quoting bbakker
lol
..................
In matter of fact, the majority of traders do not even have a trading plan, so how can you then plan the trade and then trade the plan?
.................
not euphoria follower
  • #262,456
  • Oct 30, 2010 6:40am Oct 30, 2010 6:40am
Come on guys the weekends here, lets wait till sunday open.

What do you have planned this weekend ?

My clan (Wife, me and kids) are off to a halloween party tonight.

But tommorow im off to my hobby i have been doing for 3 years now, for some reason i love it, boys with toy's i guess.

Here is a video of where im going 28th November aswell.

Inserted Video



W
I need to finish something i started
  • #262,457
  • Oct 30, 2010 6:51am Oct 30, 2010 6:51am
Hi Warren

Looks like fun!!

Its Halloween weekend so got the kids party this afternoon and its the ADULTS only party tomorrow night

So bad head monday morning i think

Enjoy
Enter Signature
  • #262,458
  • Oct 30, 2010 7:07am Oct 30, 2010 7:07am
Hi Darren,

I love a good party, we have a great bunch of friends, our children have grown up together. So its kids upstairs and adults downstairs..........lol. always works well.

You have a great time, let the kids do there thing this afternoon.

And tommorow night, let your hair down. I dont want to see you @ the open on Sunday, wacking in trades drunk as a skunk.

Take it easy.
W
I need to finish something i started
  • #262,459
  • Oct 30, 2010 7:17am Oct 30, 2010 7:17am
Quoting bigwal
Come on guys the weekends here, lets wait till sunday open.

What do you have planned this weekend ?

My clan (Wife, me and kids) are off to a halloween party tonight.

But tommorow im off to my hobby i have been doing for 3 years now, for some reason i love it, boys with toy's i guess.

Here is a video of where im going 28th November aswell.

http://www.youtube.com/watch?v=f6jka7X01SE


W
Looks like a lot of fun mate, nice one. This is more my sort of fun ...... pips awaaaaay. Check me out.

Inserted Video
You've got to be IN IT to WIN IT!
  • #262,460
  • Oct 30, 2010 7:25am Oct 30, 2010 7:25am
Ifty,

Looks great, go you.

Im all up for trying different things out.

When we go on holiday my wife reads a book and lays by the pool, while im like action man. its quite funny really.

The landscape looks very UK, is it ?

W
I need to finish something i started
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