Disliked5888 being stubborn for some reason, anyone else got something at that level?Ignored
Cable Update (GBPUSD)
- #283,923
- Jul 11, 2011 8:22am Jul 11, 2011 8:22am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Don't get mad, get even!
Came back and just starring how wrong I was 
short - target met, long triggered but went straight to stop. Possibly there's still some bull food (January cluster) and a desperate attempt to keep this wedge going.
short - target met, long triggered but went straight to stop. Possibly there's still some bull food (January cluster) and a desperate attempt to keep this wedge going.
MarginTrader All Time Return:
na
Came back and just starring how wrong I was
- #283,927
- Jul 11, 2011 9:14am Jul 11, 2011 9:14am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Don't get mad, get even!
- #283,929
- Jul 11, 2011 9:28am Jul 11, 2011 9:28am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Good luck 
Don't get mad, get even!
- #283,931
- Jul 11, 2011 10:19am Jul 11, 2011 10:19am
The More U trade The More U Loose.. That is Forex..!!
Been said, Stop the Trade when U get enough Loss or Profit.. Easy to say, but very difficult to be done, because there is a Pride that is playing when we lost..There is a greediness that is pushing to keep trade again when we win some pips...Experiences will teach us how to control those both factors..
So Now lets talk about the Candle Stick Today..!!
Why People keep Pushing to Buy, When the Market is not even showing the BUY Action..
Please have a look in the chart..
After the Bullish Candle stick, there is a Hanging Man candle stick where it is indicated the bearish Movement , then as we can see the bearish movement is there already..At least this bearish candle stick will go to 1. 5912 if there is a breakout then it will keep bearish, if not then it will be ranging targeting the line 1.5935...
Ps: I spent time,money,effort already to learn a lot of indicators, EA, until my screen was full of those things but then it tells me nothing about the market and I lost money, till the Time I realize the most Important things in forex its only the Following:
1. Candle STick Analysis
2. S/R Line
3. Bollinger Band
That is All, some times I used : MA, MACD or RSI just for a while..
"We Are Trader, Not Computer Programmer..!!! What is the Most Important For Trader is to get Money in the Most simplest way..!!
Wish would be a useful post for us together..
Salam
Been said, Stop the Trade when U get enough Loss or Profit.. Easy to say, but very difficult to be done, because there is a Pride that is playing when we lost..There is a greediness that is pushing to keep trade again when we win some pips...Experiences will teach us how to control those both factors..
So Now lets talk about the Candle Stick Today..!!
Why People keep Pushing to Buy, When the Market is not even showing the BUY Action..
Please have a look in the chart..
After the Bullish Candle stick, there is a Hanging Man candle stick where it is indicated the bearish Movement , then as we can see the bearish movement is there already..At least this bearish candle stick will go to 1. 5912 if there is a breakout then it will keep bearish, if not then it will be ranging targeting the line 1.5935...
Ps: I spent time,money,effort already to learn a lot of indicators, EA, until my screen was full of those things but then it tells me nothing about the market and I lost money, till the Time I realize the most Important things in forex its only the Following:
1. Candle STick Analysis
2. S/R Line
3. Bollinger Band
That is All, some times I used : MA, MACD or RSI just for a while..
"We Are Trader, Not Computer Programmer..!!! What is the Most Important For Trader is to get Money in the Most simplest way..!!
Wish would be a useful post for us together..
Salam
The More U trade The More U Loose.. That is Forex..!!
Been said, Stop the Trade when U get enough Loss or Profit.. Easy to say, but very difficult to be done, because there is a Pride that is playing when we lost..There is a greediness that is pushing to keep trade again when we win some pips...Experiences will teach us how to control those both factors..
So Now lets talk about the Candle Stick Today..!!
Why People keep Pushing to Buy, When the Market is not even showing the BUY Action..
Please have a look in the chart..
After the...
1. Too much trading does not necessarily result in loss. You have to trade according to your strategy even if you lose a few trades in series. The problem is either trading haphazardly after a few straight losses ignoring your strategy that may result in too many trades which further lead to losses.
2. Investopedia says hanging man is formed at the end of an uptrend. I did not think of the hanging man since it wasn't really an uptrend. But, let me analyse again.
3. I, myself trade purely based on candlestick patterns and Bollinger to some extent.
Very useful post! Cheers!
- #283,933
- Jul 11, 2011 10:49am Jul 11, 2011 10:49am
see its trying to break the Line 1.5912
if this line can be broken then there is a strong Bears Movement to line 1.5884..
I dont Trade Now.. I have enough trade today (I have my Own Daily or weekly target points), but I love to watch the market's movement..
So the Most Important for Us is to Act according what the market tell us, not us who tells the market to go in which direction..
Wish Would Be Useful for our good together..
Salam
if this line can be broken then there is a strong Bears Movement to line 1.5884..
I dont Trade Now.. I have enough trade today (I have my Own Daily or weekly target points), but I love to watch the market's movement..
So the Most Important for Us is to Act according what the market tell us, not us who tells the market to go in which direction..
Wish Would Be Useful for our good together..
Salam
- #283,934
- Jul 11, 2011 10:55am Jul 11, 2011 10:55am
Very well said. A few observations in my experience:
1. Too much trading does not necessarily result in loss. You have to trade according to your strategy even if you lose a few trades in series. The problem is either trading haphazardly after a few straight losses ignoring your strategy that may result in too many trades which further lead to losses.
2. Investopedia says hanging man is formed at the end of an uptrend. I did not think of the hanging man since it wasn't really an uptrend. But, let me analyse again.
3. I, myself trade purely based...
- #283,935
- Jul 11, 2011 10:55am Jul 11, 2011 10:55am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Don't get mad, get even!
Closed 5887 long now, entered short 5920 sl 5942, let's see
i think development in eurusd will have much impact on updating the cable. no bull in sight yet but considering the fairly high degree of correlation in recent days, cable could return above 5950, perhaps 6000 if we get a bounce in eurusd (aka inverted usdx) and make today's drop look like bear trap in short term. maybe china & co will like to bid it up tonight, as they love to do it, at least for a retest of broken tl in eu.
pink zone calling for a test. the aqua zone is huge, almost 200 pips originating in Jan 2011. watch the falling wedge on daily. it's a bullish continuation pattern. but if it fails (breaks to downside) it is usually a huge move.
MarginTrader All Time Return:
na
- #283,937
- Jul 11, 2011 12:57pm Jul 11, 2011 12:57pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
bailed out, +19.
i think development in eurusd will have much impact on updating the cable. no bull in sight yet but considering the fairly high degree of correlation in recent days, cable could return above 5950, perhaps 6000 if we get a bounce in eurusd (aka inverted usdx) and make today's drop look like bear trap in short term. maybe china & co will like to bid it up tonight, as they love to do it, at least for a retest of broken tl in eu.
pink zone calling for a test. the aqua zone is huge, almost 200 pips [url="http://www.forexfactory.com/showthread.php?p=4769066#post4769066"]originating...
good analysis
- #283,938
- Jul 11, 2011 4:16pm Jul 11, 2011 4:16pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
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