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Cable Update (GBPUSD)

  • #267,401
  • Dec 27, 2010 1:54pm Dec 27, 2010 1:54pm
Quoting gsantri
Ah other great voodoo trader is here..
Yes I noticed that also lately.

I visited The Boardroom and really comfortable there, especially when you back actively there. Good place to learn.

Thanks C
Thank You GS..

That is what it is about, learning from each other. I know I have been away for a while due to some personal things going on, but I am trying to make it an effort to post there, here, and other threads more often.

C.
  • #267,402
  • Dec 27, 2010 4:26pm Dec 27, 2010 4:26pm
Quoting chazzle
down TP/SL 60/60 from 15420
spiked out - but in again 15475 as long as we stay below 15500 (around DEC22 high)
  • #267,403
  • Dec 27, 2010 5:04pm Dec 27, 2010 5:04pm
Quoting Magix
Well my friend, you have yourself in a bit of a pickle here...and as far as assistance, I am afraid I cannot be of much...

I am not sure what your MM is nor your tolerance for loss..I prefer to be on the proper side of the trade and if it fails, exit with as minimal of loss as I see fit.

If market pattern continues, I full on expect a shot at hitting the 200EMA on the hourly chart, and from there a possible strong reaction that sends us back testing the monthly lows, but until we get there, I cannot say for sure.

All honesty, whenever I have...
thank you brother

now I can not use well-MM,,

I am often confused when I saw my position is wrong,,
and I am more quickly exit the market when my position is correct,,

I am confused by this,,
what I need daily target for this,,?
only an analysis, and I'm always wrong, don't follow me,
  • #267,404
  • Dec 27, 2010 5:09pm Dec 27, 2010 5:09pm
Quoting gsantri
You passed the opportunity to close trade in profit.
On market conditions like this just don't be greedy.

As Magix said it will retrace down later, you can close it then.
I hope you can out in profit, but break even is good enough I think.
yes, I have missed profit,,
I hope too large to obtain large profits,,

and finally I get a lot of loss,,: (

I was too afraid to lose
but I only expect big profits
only an analysis, and I'm always wrong, don't follow me,
  • #267,405
  • Dec 27, 2010 5:11pm Dec 27, 2010 5:11pm
Quoting andelumut
thank you brother

now I can not use well-MM,,

I am often confused when I saw my position is wrong,,
and I am more quickly exit the market when my position is correct,,

I am confused by this,,
what I need daily target for this,,?
Another trait in the beginners life of a trader.

Hold bad positions forever and cut the good ones free...

I been here brother, not trying to single you out. For the balance of the year...Download and have a look at the nene.tpl that I have posted HERE.

Open a demo account, load the template and see if it keeps you in the good side of trades. From here, appreciate that there are certain levels, typically identified by spikes on the chart or the meeting of a 200EMA on one of the charts that will mark support or resistance. If you are in the trend, you capitalize, if you are not in the trend, you know to take exit.


Take some time and post the charts and trades that you see in this demo account and see how small safe gains can really grow...this is a start, from here, there are enough people sharing that you will be able to add more to your traders tool box and be able to capitalize a little better.

**note, the daily open, you will have to manually set to NY close on your broker.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,406
  • Dec 27, 2010 5:59pm Dec 27, 2010 5:59pm
Quoting Magix
Another trait in the beginners life of a trader.

Hold bad positions forever and cut the good ones free...

I been here brother, not trying to single you out. For the balance of the year...Download and have a look at the nene.tpl that I have posted HERE.
...

**note, the daily open, you will have to manually set to NY close on your broker.
If his broker is Insta, as I see in his avatar, then NO NEED to set Daily open.
Zero (0) is NY close.
  • #267,407
  • Dec 27, 2010 6:12pm Dec 27, 2010 6:12pm
Quoting gsantri
If his broker is Insta, as I see in his avatar, then NO NEED to set Daily open.
Zero (0) is NY close.


GS, I gotta feeling that soon we will just be handing over the keys to the thread and having to start calling you MR G....

Rock on brother, Rock on!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,408
  • Dec 27, 2010 6:25pm Dec 27, 2010 6:25pm
Quoting Magix


GS, I gotta feeling that soon we will just be handing over the keys to the thread and having to start calling you MR G....

Rock on brother, Rock on!
Nooo..

We need you more and always to be here
  • #267,409
  • Dec 27, 2010 11:54pm Dec 27, 2010 11:54pm
Quoting chazzle
spiked out - but in again 15475 as long as we stay below 15500 (around DEC22 high)
out @ 15440 (position size was double)
  • #267,410
  • Dec 28, 2010 12:04am Dec 28, 2010 12:04am
Playing the fibs game now : long scalp @ 50% retrace of yesterdays move
  • #267,411
  • Dec 28, 2010 12:08am Dec 28, 2010 12:08am
Quoting chazzle
Playing the fibs game now : long scalp @ 50% retrace of yesterdays move
taking 9 and short from 15441
  • #267,412
  • Dec 28, 2010 12:30am Dec 28, 2010 12:30am
Can u give me a note how this indicator works?

Quoting Magix
Another trait in the beginners life of a trader.

Hold bad positions forever and cut the good ones free...

I been here brother, not trying to single you out. For the balance of the year...Download and have a look at the nene.tpl that I have posted HERE.

Open a demo account, load the template and see if it keeps you in the good side of trades. From here, appreciate that there are certain levels, typically identified by spikes on the chart or the meeting...
  • #267,413
  • Dec 28, 2010 12:36am Dec 28, 2010 12:36am
Quoting chazzle
taking 9 and short from 15441
taking a hit of 3 - rebound might continue
  • #267,414
  • Dec 28, 2010 12:41am Dec 28, 2010 12:41am
I see a nice opportunity to long on Daily, it is seems like forming a round bottom. But the strange thing is that the PA is acting very strange on 200MA. Alot of consolidation on the ATM. Looking at the chart there seem to be alot of buyers.
  • #267,415
  • Dec 28, 2010 12:41am Dec 28, 2010 12:41am
what's ur t.p? Have same entry.....

Quoting chazzle
taking 9 and short from 15441
  • #267,416
  • Dec 28, 2010 12:59am Dec 28, 2010 12:59am
Quoting fendi
what's ur t.p? Have same entry.....
I've actually gone long at 15443 Fendi 45TP 30SL ... , EU forming round botton on H4 , GU looking well supported at 15375 (I know my SL is well above that - but it does influence my bias)

shorts looking better around 15600 ( I posted Daily chart a week or so ago with resistance levels)
  • #267,417
  • Dec 28, 2010 1:13am Dec 28, 2010 1:13am
Not going long just yet..... Looks like bottom not settled out yet.... would wait proper entry to long, but can't get it now.

Quoting chazzle
I've actually gone long at 15443 Fendi 45TP 30SL ... , EU forming round botton on H4 , GU looking well supported at 15375 (I know my SL is well above that - but it does influence my bias)

shorts looking better around 15600 ( I posted Daily chart a week or so ago with resistance levels)
  • #267,418
  • Dec 28, 2010 1:19am Dec 28, 2010 1:19am
Pound is in a nice channel !
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.Usd - H4.gif Size: 24 KB
Put your hands in the air , Give me all your money ! !
  • #267,419
  • Dec 28, 2010 1:34am Dec 28, 2010 1:34am
Quoting chazzle
I've actually gone long at 15443 Fendi 45TP 30SL ... , EU forming round botton on H4 , GU looking well supported at 15375 (I know my SL is well above that - but it does influence my bias)

shorts looking better around 15600 ( I posted Daily chart a week or so ago with resistance levels)
added 15432 RR still 1:1.5
  • #267,420
  • Dec 28, 2010 1:37am Dec 28, 2010 1:37am
Have just closed short... watching to see. Long not now, may be when i see a clearer entry.

Quoting chazzle
added 15432 RR still 1:1.5
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