second one to 1.65-6495 still to come
I am greedy
Cable Update (GBPUSD)
- #277,343
- Apr 25, 2011 7:10am Apr 25, 2011 7:10am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
i have my sl set at 1.6675 does anyone think it will reach this? i have 10 k in it if it reaches this point. currently down £3500 i went in at 1.6365 to sell.
i need advice as im struggleing to keem my head
No one can give you that answer... Highly unlikely, but no one can say: "No - relax".
You may actually get out of your entry for profit. But you may also lose your account. It is unfair to ask for assistance. You understand this. YOU need to decide what you want to do.
Then do it, and live with the result. Good or bad.
I am not being difficult. But think about it... you pulled the trigger. You need to finish this...
I hold you in my thoughs
Regards
- #277,344
- Apr 25, 2011 7:15am Apr 25, 2011 7:15am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
yip,
Did the same on a pair we can not mention here...1.4621
BTW - I did congratulate you on your EU trade of last week.
All the best
on that pair I simply closed a long I had as I still have shorts with TP 1.442 ,a TP that I will probably change in the next 2 days if I have the confirmation
sorry about your loss on that call.I should have used less pennies from the jar on that long.not even I expected such a strong move
I hope it did not hit you that bad.
- #277,345
- Apr 25, 2011 7:19am Apr 25, 2011 7:19am
Good day to you,
No one can give you that answer... Highly unlikely, but no one can say: "No - relax".
You may actually get out of your entry for profit. But you may also lose your account. It is unfair to ask for assistance. You understand this. YOU need to decide what you want to do.
Then do it, and live with the result. Good or bad.
I am not being difficult. But think about it... you pulled the trigger. You need to finish this...
I hold you in my thoughs
Regards
- #277,346
- Apr 25, 2011 7:27am Apr 25, 2011 7:27am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
on that pair I simply closed a long I had as I still have shorts with TP 1.442 ,a TP that I will probably change in the next 2 days if I have the confirmation
sorry about your loss on that call.I should have used less pennies from the jar on that long.not even I expected such a strong move
I hope it did not hit you that bad.
Use 1 Plan not more.I liked your First TP u post before day or so
- #277,348
- Apr 25, 2011 7:33am Apr 25, 2011 7:33am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
U changed ur TP and going to change Again
I liked your First TP u post before day or so
frankly I don't remember which one I said a couple of days ago ?
let me know which one you had in mind so I can post a chart and explain why I want to change it and the reason behind this
- #277,350
- Apr 25, 2011 7:35am Apr 25, 2011 7:35am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #277,351
- Apr 25, 2011 7:38am Apr 25, 2011 7:38am
Good day to you,
I am always in two minds about this. You know - you can outtrade anyone with collecting 5 here and 10 there. But it is becoming a thing of sustainability and mental sanity.
I want to have it all - make the bucks whilst hunting for massive specimen Carp in the rivers of the Western Cape. Our government has now announced that any forex deals done to turn a profit, would be tax free. Imagine that. I am now seriously looking into this as a longer term project..
I have run a successful business for the past 11 years. Forex,...
- #277,352
- Apr 25, 2011 7:39am Apr 25, 2011 7:39am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
hi there
frankly I don't remember which one I said a couple of days ago ?
let me know which one you had in mind so I can post a chart and explain why I want to change it and the reason behind this
- #277,353
- Apr 25, 2011 7:40am Apr 25, 2011 7:40am
i have my sl set at 1.6675 does anyone think it will reach this? i have 10 k in it if it reaches this point. currently down £3500 i went in at 1.6365 to sell.
i need advice as im struggleing to keem my head
- #277,354
- Apr 25, 2011 7:48am Apr 25, 2011 7:48am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
If you can work out how to program and let an EA trade for you it takes the emotion out of trading and leaves you to do what you want all day. I am considering trading as my job is looking more shakey by the day
there are some very distinctive patterns that I look for based on 4 different indi's, that can not be incorporated in an EA. Manual is the way for me.
thanks for the comment though
Regards
- #277,356
- Apr 25, 2011 8:06am Apr 25, 2011 8:06am
Its all good as far as u have what works for u...... As for guessing you need to do better than that, else you would be amazed as long term failure's..... Never said i am better but do well in trading as a means of livelihood...
trading is a guessing game I'm afraid.do you rely only on indies? don't we all guess?
It's all about MM.this short will end up in profit at least for me
as for the whipsaw you are right.it could affect a small SL but as I am a mid term-long term trader I have big SL's
- #277,357
- Apr 25, 2011 8:08am Apr 25, 2011 8:08am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
It's ok as long as you have your reasons Just try to make final one or as i call it final cut
(it's ok I'm in the office now and not in the mood to serve the corporation 
)so last week I said long on that pair with a TP as highlighted and waiting from that high to drop to the TP1,2 and 3
that one was on H1 chart.I did not expect that bull move to be so strong.my bad.
I opened the shorts at 1.4485 and I have 3 of them as my broker does not allow me to open a big one and close it bit by bit
later on I saw the H4 chart and future clouds on ichi telling me a different story about my TP
on H4 TP would be bigger but only if I have the confirmation in the next 40 something hours .
as soon as I see another bear cross on H4 it will mean I am half right.breaking the 1.4402 level via the circled area will confirm the other half.
I will close one trade on the h1 TP just to be sure
second one I will leave it to go down as I have a strong feeling about this bear.
with all the confirmations I will leave the third one to go all the way down.
This does not mean I changed my long term view about 1.50-51 in the next 4 weeks
- #277,358
- Apr 25, 2011 8:16am Apr 25, 2011 8:16am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Its all good as far as u have what works for u...... As for guessing you need to do better than that, else you would be amazed as long term failure's..... Never said i am better but do well in trading as a means of livelihood...
in one of my last posts I mentioned that I do not predict where the market is going as it sounds too cristall balling theory.I only use indies and maths and that's it.maybe some common sense fundies.
but as I mentioned many times before even with the holy grail system we still have many traps designed by the ones that did the trading institution in the first place.
I mean afterall we are only trading air right ? there is no money involved.we come up with 1 out of a leverage of 100-400.when somebody asks me how much I trade and I say 10000 usd or 100000 usd they really think I am rich....but I never saw this money.for me it's only trading air.they designed this and all those indies just to make you belive you are in control.
so afterall even if you look at the indies(all of them)and they all tell sell and the big guys are still buying you're dead
that's why there is an element of guessing in this game.always.
so far for me works ok.I make 2-3 times my salary only from trading.soon I will quit my job to do only trading.
it all depends how it goes and how fast I hit the million I dream of
cheers,
- #277,359
- Edited 8:36am Apr 25, 2011 8:24am | Edited 8:36am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
GU might go for a buy in the next 1 h more or less from now on
first price will go down a bit
then up,then we will have a ichi cross then we will go up and brake the cloud in the circled area and go up to 1.6535 and then down at least 8 pips and more to go