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Cable Update (GBPUSD)

  • #270,601
  • Jan 31, 2011 9:52am Jan 31, 2011 9:52am
maybe a good short here, quiet nice r:r

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 37 KB
Hero calls followed by margin calls...
  • #270,602
  • Jan 31, 2011 9:53am Jan 31, 2011 9:53am
Quoting chazzle
Reverse H&S seen on H4 formed by week low so far and the previous 2 week's lows ... retrace to between 23% and 50% of current week move so far as possible dips to buy.Line in the sand @ 78% lies a few pips above the weekly pivot

edit:corrected and updated post.
If it drops to the 50 fibo Ill be able to close my trades with a 42% gain on my account. Its been difficult, more than normal, but such is FX.
  • #270,603
  • Jan 31, 2011 9:56am Jan 31, 2011 9:56am
Quoting WengOn
He opened another position

16040 my fren losing USD2700 now total 4LOTS open, every single pip now USD40.

I AM SHAKING NOW, Total account USD 12K


How come the market still moving, left only US market..?
I was thinking WengOn, your friend, shouldnt be trading these size of trades. My first attempt at FX trading 3 years ago resulted in $17k lost in about 2 months. Its no joke, when they say that 90% of FX traders have to refund its because the risk is real, more so than any other investment IMHO.

Did he do a demo account at all?
  • #270,604
  • Jan 31, 2011 10:05am Jan 31, 2011 10:05am
Quoting Exsilium
I was thinking WengOn, your friend, shouldnt be trading these size of trades. My first attempt at FX trading 3 years ago resulted in $17k lost in about 2 months. Its no joke, when they say that 90% of FX traders have to refund its because the risk is real, more so than any other investment IMHO.

Did he do a demo account at all?
He was in DEMO for 2months, He burst 1 acc(10k/ entry per 10USD), consecutive win for >USD25K in DEMO, Burst 1(10K) acc. he played this way -> open new acc every single week. old account remain. thoughtout 10 week he BURST only 1 acc.
  • #270,605
  • Jan 31, 2011 10:08am Jan 31, 2011 10:08am
What exactly is going on here? YOu are losing 2700 of a 10k account in a day?

Are you trying to blow up your first account????

Please explain if you need help
if not. Good luck. Dont add to losing positions. It may work out here and there until the time it doesn't and it goes horribly wrong.

Quoting WengOn
He opened another position

16040 my fren losing USD2700 now total 4LOTS open, every single pip now USD40.

I AM SHAKING NOW, Total account USD 12K


How come the market still moving, left only US market..?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #270,606
  • Jan 31, 2011 10:11am Jan 31, 2011 10:11am
I too have segregated my gold account from my FX account.

Quoting Exsilium
Gold is its own monster. I have a separate account where I traded gold, wasnt very profitable so I pulled out. (new high on GU as i type this).

With the upcomming NFP i expect sideways movement this week.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #270,607
  • Jan 31, 2011 10:28am Jan 31, 2011 10:28am
A)GU0.3 Open@ 16033 ; SL 16101; TP 15950,
B)GU0.5 P.order 1.6055 ; SL 16101; TP 15982
C)EU0.1 P.order 1.3715 ;SL 3755; TP 3681

2.30am now, GOD BLESS ME, MAY BEST OF LUCK TO THOSE WHO OPEN POSITION FOR THIS REVERSAL.

15min MACD CROSSed REVERSAL CONFIRMED WORTH TRYING THEN. I KNOW IT WILL BE LONGER DURATION. 23.6is not what i am targeting...NOW6024
  • #270,608
  • Jan 31, 2011 10:31am Jan 31, 2011 10:31am
Quoting XTrade
What exactly is going on here? YOu are losing 2700 of a 10k account in a day?

Are you trying to blow up your first account????

Please explain if you need help
if not. Good luck. Dont add to losing positions. It may work out here and there until the time it doesn't and it goes horribly wrong.

SIMPLY NOT ME.
  • #270,609
  • Jan 31, 2011 10:33am Jan 31, 2011 10:33am
Quoting PhAnTi'
maybe a good short here, quiet nice r:r

Attachment
sl be+2 , 12 pips so far
Hero calls followed by margin calls...
  • #270,610
  • Jan 31, 2011 10:37am Jan 31, 2011 10:37am
Quoting WengOn
SIMPLY NOT ME.
From what I gather, its his friend doing the trading.
  • #270,611
  • Jan 31, 2011 10:38am Jan 31, 2011 10:38am
Quoting Fudomyo
It's never a good idea to call a top on cable when she's on a mission.

A pullback seems logical, but guessing if and when is just gambling, not trading. It could just as easily go R3 as pull back.

When the signal comes, trade it, otherwise be patient.

This is basic Cable. Unless you're trading a micro account like nene and think a 800 pip drawdown is normal, it's better to actually learn how to trade and get in at the right time. Trends are made to be broken, and they break on their own timeline, not ours.

Today's long was clear as a...
Thanks Fudomyo,

Another "One Flew Over the Cuckoo's Nest", a wise observer looking
down on the madness and mayhem to offer his sound advise. For
some it will be heeded, and for others it falls on deaf ears.

It's called the asylum for a reason... populated by lunatics,
nutcases and forex traders. lol

Dr. D.
  • #270,612
  • Jan 31, 2011 10:41am Jan 31, 2011 10:41am
Quoting Exsilium
From what I gather, its his friend doing the trading.
No way he can sleep now!NOR DO I!
pls 23.6 then38.2 then 50 before i wake up

HOPE SO!

REVERSAL IS CONFIRMED, EARNING 15pips now, regret not to clock in 0.5
PISSING! GAP of
MACD 15mins is wider and wider!!!!
  • #270,613
  • Jan 31, 2011 10:46am Jan 31, 2011 10:46am
Good day to you,

Styling.....

with the best still to come

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 29 KB
  • #270,614
  • Jan 31, 2011 10:50am Jan 31, 2011 10:50am
Quoting TauTrader
Good day to you,

Styling.....

with the best still to come

Regards

Sell w/o take profit, TERRIBLE!!!
GREEN PIPS, ALWAYS!!!
  • #270,615
  • Jan 31, 2011 10:53am Jan 31, 2011 10:53am
Check this out. .....
On a day that all of us were going up and down like yoyos..........
Look at what Dr. D's compression charts were saying all along.
Compression at 15860..9.25..GMT./
Break up to 16050=
Traded with faith, this was a 200pip move/ gain on a plate.
Love you, Doc.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (31-JAN-11).png Size: 24 KB
All systems of divination, like music itself,work through patterns.
  • #270,616
  • Jan 31, 2011 10:55am Jan 31, 2011 10:55am
Quoting WengOn
Sell w/o take profit, TERRIBLE!!!
GREEN PIPS, ALWAYS!!!
My apology...

TP @ 1.3250..eventually ( the green line at the bottom of my chart)

Regards
  • #270,617
  • Jan 31, 2011 10:58am Jan 31, 2011 10:58am
Quoting PhAnTi'
sl be+2 , 12 pips so far
sl at be +10
Hero calls followed by margin calls...
  • #270,618
  • Jan 31, 2011 11:00am Jan 31, 2011 11:00am
MR TT,
i did followed AUDUSD, that u gave hint. U R ULTIMATELY ACCURATE!
~500 pips???isnt that too much

have to sleep.
  • #270,619
  • Jan 31, 2011 11:08am Jan 31, 2011 11:08am
Quoting WengOn
MR TT,
i did followed AUDUSD, that u gave hint. U R ULTIMATELY ACCURATE!
~500 pips???isnt that too much

have to sleep.


good day to you,

It is actually about 450 pips... But over the next week or 2/3/4/5/6/7/8

SLEEP..YOU ARE GOING INTO A DEEP SLEEP....SLEEP...SLEEP... YOUR EYES ARE FEELING HEAVY...SLEEP....HOMMMM....HOMMMM
  • #270,620
  • Jan 31, 2011 11:11am Jan 31, 2011 11:11am
good night guys
Hero calls followed by margin calls...
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