No but 1.63 need to b touch as i plan when enter this trade
we will c
i doubt it bro!! need to break 1.64 first
stop playing with the trend
Cable Update (GBPUSD)
- #286,781
- Aug 18, 2011 10:18am Aug 18, 2011 10:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i doubt it bro!! need to break 1.64 first
stop playing with the trend
- #286,782
- Aug 18, 2011 10:28am Aug 18, 2011 10:28am
...
My analysis for today (18 Aug):
The bull trend seems to be 'almost running out of gas' but can still make one last shot towards 6700 (Mar 2011 S/R).
We can expect for a moderate retracement towards 6470 or even 6420 before NY open before continuing its up trend....
time for a retrace? 100 pips?.
i'll let it jerk out and come to the trendlines, the lower the better.
aud plummets, gold soars, eur has its own trouble, so clear risk-off but chf & jpy caught in CB fears traps; money could flow to GBP instead. some say it could be a new safe haven
or, just another bunch of b/e trades, lol.. perhaps i'll scale out something to have pocket pips at least
MarginTrader All Time Return:
na
- #286,784
- Aug 18, 2011 10:41am Aug 18, 2011 10:41am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
At least I got something right...
just need to get in the right place..need to know how market moves inside out to recognise the setups
otherwise it really is all about scalping
- #286,785
- Aug 18, 2011 10:42am Aug 18, 2011 10:42am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
we'we got 115 pips actually from that point
done, bought them both. now, let's see if we reconquer 6482 and 6505 and check the weekly TL again.
aud plummets, gold soars, eur has its own trouble, so clear risk-off but chf & jpy caught in CB fears traps; money could flow to GBP instead. some say it could be a new safe haven
or, just another bunch of b/e trades, lol.. perhaps i'll scale out something to have pocket pips at least
great disciplinewould be good to see a doji today on dailly
- #286,786
- Aug 18, 2011 10:50am Aug 18, 2011 10:50am
theres a reason why i swing trade..1 decision..stick to it
just need to get in the right place..need to know how market moves inside out to recognise the setups
otherwise it really is all about scalping
Im starting to have a good sense of the market movement now (damn it feels good). But im still not sure about my strategy..
Would you mind sharing your strategy?
- #286,787
- Edited 11:20am Aug 18, 2011 11:01am | Edited 11:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Good for you.
Im starting to have a good sense of the market movement now (damn it feels good). But im still not sure about my strategy..
Would you mind sharing your strategy?
i look at monthly..look for a pattern..i wait for price to reach an extreme..and pull the trigger..I need at least 3 things
1) always enter with a trend no matter what
thats the hardest..once u can do that..the rest will happen with time as u expose yurself to market u will just do it instinctly
a bit like driving a car..at first u just try to remember after a while it all come together without thinking
my best advise to u is work on yur head..market now has no effect on me..i dont get nervous or scared
edit:- actually i do but can control it with mm
- #286,788
- Aug 18, 2011 11:28am Aug 18, 2011 11:28am
u see on my charts
i look at monthly..look for a pattern..i wait for price to reach an extreme..and pull the trigger..I need at least 3 things
1) always enter with a trend no matter what
thats the hardest..once u can do that..the rest will happen with time as u expose yurself to market u will just do it instinctly
a bit like driving a car..at first u just try to remember after a while it all come together without thinking
my best advise to u is work on yur head..market now has no effect on me..i dont get nervous or scared
Do you have a fixed SL/TP or depending on the S/R? or you calculate your % of risk to determine your SL and lot?
- #286,790
- Aug 18, 2011 12:09pm Aug 18, 2011 12:09pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I am still in that phase... 'think and pull the trigger'
Do you have a fixed SL/TP or depending on the S/R? or you calculate your % of risk to determine your SL and lot?
whatever my risk is i make sure i at least get 80% as a reward
im not one of those traders risking 50 pips to make 20..to me that is just madness..
i have this trade at the moment at BE so no matter what i cant lose..its never a profit till i close the position so right now i have nothing..
i try think like this..because it will make me the kind of trader i need to be..im always looking to develop, push the boundaries
so even on this trade i looking for more despite having at the top 440 pips quite easilybasically push the boat out to further develop
- #286,791
- Aug 18, 2011 12:29pm Aug 18, 2011 12:29pm
Why the market is stopped ????
what is happening with USD ????
what is happening with USD ????
Golden Goose Return This Month:
na
- #286,794
- Aug 18, 2011 1:02pm Aug 18, 2011 1:02pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #286,796
- Aug 18, 2011 1:18pm Aug 18, 2011 1:18pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #286,797
- Edited 1:53pm Aug 18, 2011 1:22pm | Edited 1:53pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
May be my dream coming true , bought this pair today near low with eu also to see how far it can go .no scalping ones.
fontu
u going to get very good surprise tomorrow..i think cable will go through the roof and euro as well
euro is in a mess though..people are trading in a tight triangle..unbelievable
- #286,798
- Aug 18, 2011 1:25pm Aug 18, 2011 1:25pm
u going to get very good surprise tomorrow..i think cable will go throw the roof and euro as well
do you know the current situation of UK protests and all that ? if yes then you should not ignore it.
Forex market is very dodgy it will make traders to buy at the TOPs and then it takes U-Turn
There is a simple theory in forex "Buy Low and Sell High"
Usd is already at its lowest levels while Euro and GBP are still high as per my views.
but that's just me, time will clear everything.
btw i just banged 150 pips from my yesterdays trade which i shorted @ 1.6585
how much u made ?
- #286,799
- Aug 18, 2011 1:27pm Aug 18, 2011 1:27pm
morning
or... evening!
TP 6415?
could be a dump ride.
im waitin 6470 test first. could also never happen until september....
Exit 6420 thank you for your advice.
Going back to zzzzzzzzzzzzzzzzzzzzzzz
- #286,800
- Aug 18, 2011 1:35pm Aug 18, 2011 1:35pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i don't think so dude ... did u checked today us CPI and yesterdays data all is Green better then forecast i think GBP and Euro will drop like a Stone!
do you know the current situation of UK protests and all that ? if yes then you should not ignore it.
Forex market is very dodgy it will make traders to buy at the TOPs and then it takes U-Turn
There is a simple theory in forex "Buy Low and Sell High"
Usd is already at its lowest levels while Euro and GBP are still high as per my views.
but that's just me, time will clear everything....
im happy for u..