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Cable Update (GBPUSD)

  • #275,381
  • Apr 4, 2011 11:36am Apr 4, 2011 11:36am
Quoting Ineedpips9
wow. this place has become a ghost town since I was a regular. A year ago this place was packed almost if not more than the fibre thread at any given time during the day.

anyways, waiting to see if she crosses the 200ma and confirms the up move on the 5m tf, or bounces off it and continues back down. Since it is after the london close, who knows.
tuff getting back in the habit of waking up at 4:30 in the morning to trade after my break. Just wish I'd traded during these last few weeks. Seems anyone couldve made some pips.
Yeah.. maybe some of them was a seasonal trader and having a vacation right now.... but wait 'till the time is right... ' finally the rock has comeback to wrestlmania '....
  • #275,382
  • Apr 4, 2011 12:02pm Apr 4, 2011 12:02pm
Quoting Johnny Depp
Yeah.. maybe some of them was a seasonal trader and having a vacation right now.... but wait 'till the time is right... ' finally the rock has comeback to wrestlmania '....
wow. not sure weather that was a shot or not,but yea I'm definetly not a seasonal trader, just super busy with going for two masters degrees at a school that's 45 minutes away.
Really didn't know how to trade the dissaster in Japan based on the pairs I trade. The only pair I have traded in the past that has the yen are the dragon,aud/jpy, and eur/jpy. I use to trade the eur/jpy and aud/jpy over a year ago when it was a slow and steady pace up.easy pips.
As for the vacation, I really don't see the point right now for one. The way I see it, the only traders who deserve vacations are those that have earned them by getting profits on a daily basis.
  • #275,383
  • Apr 4, 2011 1:29pm Apr 4, 2011 1:29pm
Hey brothers,

I'm still on the long trade with 20lots long @ 1.6140
Now i shifted the stoploss to 1.6019
TP- open.

I am gonna drink n get drunk and probably when i wake up it should be maybe close to UK open.

News after 1:30 mins after the Uk session opens. so i dont know what would happen then.

If GBPUSD has fallen down in asian and by that time not reaching my stoploss. i will probably add another 20lots in long with the same stoploss respected @ 1.6019 .. if it hits that and makes me a big loss. i will accept it and move on as i have the whole month of april left to get out of it and move on.

I wish you all bros good luck whichever directio you choose and please wish me good luck too. so my trades go positive and i could close over 1.62

Best wishes,
Nick
To Your Success!!
  • #275,384
  • Apr 4, 2011 1:51pm Apr 4, 2011 1:51pm
Quoting ndsouz
Hey brothers,

I'm still on the long trade with 20lots long @ 1.6140
Now i shifted the stoploss to 1.6019
TP- open.

I am gonna drink n get drunk and probably when i wake up it should be maybe close to UK open.

News after 1:30 mins after the Uk session opens. so i dont know what would happen then.

If GBPUSD has fallen down in asian and by that time not reaching my stoploss. i will probably add another 20lots in long with the same stoploss respected @ 1.6019 .. if it hits that and makes me a big loss. i will accept it and move on as i have the...
Whats your lot size and equity?
  • #275,385
  • Apr 4, 2011 2:13pm Apr 4, 2011 2:13pm
Quoting Purple
Whats your lot size and equity?
my thoughts exactly. not judging or anything, just curious as to the style you trade.
  • #275,386
  • Apr 4, 2011 2:33pm Apr 4, 2011 2:33pm
ndsouz

Impressive choices you are making. I checked all your posts. I wish I had that kind of money and guts. More power to ya.
  • #275,387
  • Apr 4, 2011 3:49pm Apr 4, 2011 3:49pm
Quoting Ineedpips9
my thoughts exactly. not judging or anything, just curious as to the style you trade.
Looks like a Demo or Mini account to me.
  • #275,388
  • Apr 4, 2011 4:20pm Apr 4, 2011 4:20pm
Quoting Purple
Looks like a Demo or Mini account to me.
I hope its demo. To throw around 20-lot trades like its nothing is scary.I couldn't bring myself to do that on a demo, let alone any of my live accounts.
  • #275,389
  • Apr 4, 2011 4:25pm Apr 4, 2011 4:25pm
Quoting Ineedpips9
I hope its demo. To throw around 20-lot trades like its nothing is scary.I couldn't bring myself to do that on a demo, let alone any of my live accounts.

What I find sort of odd is to reveal how many lots, in all reallity no one here really needs to know that. Revealing your position and SL and TP, and basis and conviction for your position, i.e. Long or Short is fine...... however to mention how many lots, kind of seems a little pointless to reveal, just my point of view
Trade Like a Robot make money Like a Bank
  • #275,390
  • Apr 4, 2011 4:49pm Apr 4, 2011 4:49pm
Quoting raz



What I find sort of odd is to reveal how many lots, in all reallity no one here really needs to know that. Revealing your position and SL and TP, and basis and conviction for your position, i.e. Long or Short is fine...... however to mention how many lots, kind of seems a little pointless to reveal, just my point of view
ditto.
By the way, that is a GREAT setup you have on your hands. I seriously want that trade station/command center!
  • #275,391
  • Apr 4, 2011 4:58pm Apr 4, 2011 4:58pm
Today was kinda slow day after that NFP madness on Friday. Generally, looks like we are stuck in a consolidation between 1.60 and 1.64. So, looking for a decent PA to go either long or short. Watching 1.6220 area for shorts or if not, 1.6270 and above. Otherwise, long, but need a decent PA above 1.6140. Weekly TF looks messy with a bearish inclination.
  • #275,392
  • Apr 4, 2011 5:28pm Apr 4, 2011 5:28pm
Quoting cammomile
Today was kinda slow day after that NFP madness on Friday. Generally, looks like we are stuck in a consolidation between 1.60 and 1.64. So, looking for a decent PA to go either long or short. Watching 1.6220 area for shorts or if not, 1.6270 and above. Otherwise, long, but need a decent PA above 1.6140. Weekly TF looks messy with a bearish inclination.
But we are talking about someone willing to loose 100 pips each on his 20 lots trade.. so this 'just' a consolidation can drastically change his life (for opposite ofcourse).
  • #275,393
  • Apr 4, 2011 5:33pm Apr 4, 2011 5:33pm
Quoting Purple
But we are talking about someone willing to loose 100 pips each on his 20 lots trade.. so this 'just' a consolidation can drastically change his life (for opposite ofcourse).

Isn't willing, but accepts in order to make 100pips on each on of his 20 lot trades he has to risk it hopefully with the belief atleast that he'll be up.

But yes posting Lot size is showing of purely and likely lying ofcourse, but if not lying then 20lots 100 pips to him being already rich has the same impact to me as 100pips and 2lots ( being $2 per pip ).
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #275,394
  • Apr 4, 2011 5:35pm Apr 4, 2011 5:35pm
Quoting Purple
But we are talking about someone willing to loose 100 pips each on his 20 lots trade.. so this 'just' a consolidation can drastically change his life (for opposite ofcourse).
Let's talk about something interesting instead, like the pivots on Cable. Then, I hope he/she can drive away in that lovely red Ferrari, and perhaps we will never hear from him/her ever again...
  • #275,395
  • Apr 4, 2011 6:02pm Apr 4, 2011 6:02pm
Quoting ndsouz
Hey brothers,

I'm still on the long trade with 20lots long @ 1.6140
Now i shifted the stoploss to 1.6019
TP- open.

I am gonna drink n get drunk and probably when i wake up it should be maybe close to UK open.

News after 1:30 mins after the Uk session opens. so i dont know what would happen then.

If GBPUSD has fallen down in asian and by that time not reaching my stoploss. i will probably add another 20lots in long with the same stoploss respected @ 1.6019 .. if it hits that and makes me a big loss. i will accept it and move on as...
I ask that you place your SL @ least 10pips below 1.6000 I expect price to touch this level before any further possibility of an up move. Happy trading! Meshach
  • #275,396
  • Apr 4, 2011 6:11pm Apr 4, 2011 6:11pm
Quoting Turveyd
Isn't willing, but accepts in order to make 100pips on each on of his 20 lot trades he has to risk it hopefully with the belief atleast that he'll be up.

But yes posting Lot size is showing of purely and likely lying ofcourse, but if not lying then 20lots 100 pips to him being already rich has the same impact to me as 100pips and 2lots ( being $2 per pip ).
Sometimes I just show my lot size to make it clear that I am not trading Demo or Mini accounts.. I just say something like 'One standard lot'... even though if I had more than that.. and when we have someone coming in with 20 lots size.. so I dont know what to think of it. Posting lots differentiate between Mini/Demo traders and actual traders with real money and risks behind it.. it makes a difference between Real and Demo/Mini. Lot of thoughts, emotions, decisions, convictions, promises.. dont you think so? I mean the difference between playing a video game and being in a real life when where your actual course of human life depends on it, what you think?
  • #275,397
  • Apr 4, 2011 6:31pm Apr 4, 2011 6:31pm
Quoting Purple
Sometimes I just show my lot size to make it clear that I am not trading...
I believe (with all my heart), people who trade 20 lot positions with their own (or clients') money, very rarely (and I mean extremely) post any messages on this forum.

And would I care anyway about who trades what lots? Good luck to him and many pips!
  • #275,398
  • Apr 4, 2011 8:52pm Apr 4, 2011 8:52pm
Quoting Purple
Sometimes I just show my lot size to make it clear that I am not trading...
I know the guy who talks about 40 lot and 60 lot trades in here, and I know its demo, coz he can never trade that huge on real, but I let him feel proud of it, why bother.
  • #275,399
  • Apr 4, 2011 8:57pm Apr 4, 2011 8:57pm
we have euro rate hike due this week, it will be an 800 pip run to 1.5000 ; i am just waiting to get a good place to get in on 1 hour ; of course 4 hour needs to agree too.
  • #275,400
  • Apr 4, 2011 9:42pm Apr 4, 2011 9:42pm
Good day to you,

Currently, I am looking for 1.6140 - 1.6150 area to scalp short, or 1.6070 - 1.6080 area to scalp long. Inbetween these - no trade. Will update later, when these levels change.

Good trading to all

Regards
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