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Cable Update (GBPUSD)

  • #296,081
  • Dec 30, 2011 12:34am Dec 30, 2011 12:34am
Quoting UbuFamily
now then its a small signal of buy...just take few pips
Yes, things not lining up for as much as they were a few hrs ago. Prefer a Kiwi sell for about 80-100 pips
Come with me if you want to live....
  • #296,082
  • Dec 30, 2011 1:14am Dec 30, 2011 1:14am
Quoting _BBKing_
are you serious? from 500 to 300k ?

would be good for my challenge: i had an account @25€
now it is 150€ in 1week trading + another position yesterday.
my target is 5k

sounds easy now!
Good luck with your challenge BBKing . I also have set myself a new challenge for the new year (£100 to £2000 by year end 2012) and the detailed business plan is ready. It seems all doable but I am sure time will tell. I hope I stick to my rules even when the going gets tough!.

Best wishes to all other traders too with their trading plans in 2012.

Kind regards.

PS: I hope Pound Trader can sprinkle some of his pixie dust on us too !
  • #296,083
  • Dec 30, 2011 1:18am Dec 30, 2011 1:18am
System now lining up a likely sell near current level to 52 area
Come with me if you want to live....
  • #296,084
  • Dec 30, 2011 1:22am Dec 30, 2011 1:22am
Quoting Ill-b-back
Prefer a Kiwi sell for about 80-100 pips

LOL! and i prefer a peanut sell.. ;D
I trade to live
  • #296,085
  • Dec 30, 2011 1:46am Dec 30, 2011 1:46am
Quoting Ill-b-back
Hey Pound Trader, What is your win rate if that's an ok question?
avg trade 12 per month avg lost 2 per month.
  • #296,086
  • Dec 30, 2011 1:46am Dec 30, 2011 1:46am
Quoting Ill-b-back
System now lining up a likely sell near current level to 52 area

your system gives you lots of mixed signals.........a couple of hours ago you were long till 1.55.....and a few more posts ago you kept saying you need more patients etc.........I say this only to try and help you remember what you said only a short time ago........not trying to be a smart ass.


Below is a link to my post from early this evening.

http://www.forexfactory.com/showthre...02#post5255002
I don't trust any move - when you have profit...take it.
  • #296,087
  • Dec 30, 2011 1:57am Dec 30, 2011 1:57am
Quoting Ill-b-back
Yes, things not lining up for as much as they were a few hrs ago. Prefer a Kiwi sell for about 80-100 pips

did u get that few pips of buy as i said earlier?
I trade to live
  • #296,088
  • Dec 30, 2011 1:59am Dec 30, 2011 1:59am
Quoting Faller
your system gives you lots of mixed signals.........a couple of hours ago you were long till 1.55.....and a few more posts ago you kept saying you need more patients etc.........I say this only to try and help you remember what you said only a short time ago........not trying to be a smart ass.


Below is a link to my post from early this evening.

http://www.forexfactory.com/showthre...02#post5255002
Hi Faller, I actually thought I might hear from you. My system adjusts with the time/charts and I can only say what it tells me at the time. I am a purely mechanical trader but my system does the analysis for me that's all.
Come with me if you want to live....
  • #296,089
  • Dec 30, 2011 2:00am Dec 30, 2011 2:00am
Quoting Faller
not trying to be a smart ass.
I trade to live
  • #296,090
  • Dec 30, 2011 2:00am Dec 30, 2011 2:00am
frankie takes a spike at last and above 5428 has now better prospect breaks next 5446 & 72 to go for correction but still will wait London agrees or not .may be correction towards 5420 to decide London now will test long scalping carefully .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,091
  • Dec 30, 2011 2:03am Dec 30, 2011 2:03am
Quoting Ill-b-back
Hi Faller, I actually thought I might hear from you. My system adjusts with the time/charts and I can only say what it tells me at the time. I am a purely mechanical trader but my system does the analysis for me that's all.

I trade to live
  • #296,092
  • Dec 30, 2011 2:14am Dec 30, 2011 2:14am
.............................................................................................
I trade to live
  • #296,093
  • Dec 30, 2011 2:18am Dec 30, 2011 2:18am
I'm still getting used to the other indi I use so i am not an authority on it yet. The last 1 hr swing high is a little too high for my liking and so may adjust to the upper trendline, not sure.
Come with me if you want to live....
  • #296,094
  • Edited 2:43am Dec 30, 2011 2:22am | Edited 2:43am
QUOTE=UbuFamily;5255793]did u get that few pips of buy as i said earlier?[/quote]

Yes, 22 all up my sell call yesterday only met 1 condition, not 2 so I deserved the loss. Made it up with a later scalp so no pain.
Come with me if you want to live....
  • #296,095
  • Dec 30, 2011 2:32am Dec 30, 2011 2:32am
Quoting Ill-b-back
Hi Faller, I actually thought I might hear from you. My system adjusts with the time/charts and I can only say what it tells me at the time. I am a purely mechanical trader but my system does the analysis for me that's all.
I think Faller may have missed the point that you are a day trader and he's trying to compare your trading to his yearly chart. Not that I disagree with Faller, I'm not as sure as he is, but is it possible we may test the year's low of 1.5270 before we go anywhere else? Also, Faller's signature is possibly the worst advice anyone trading could take, if taken at face value!
Gone to a better place
  • #296,096
  • Dec 30, 2011 2:47am Dec 30, 2011 2:47am
Quoting smikester
I think Faller may have missed the point that you are a day trader and he's trying to compare your trading to his yearly chart. Not that I disagree with Faller, I'm not as sure as he is, but is it possible we may test the year's low of 1.5270 before we go anywhere else? Also, Faller's signature is possibly the worst advice anyone trading could take, if taken at face value!
I honestly can't criticize anyone for that, I have been up on my high horse quite a number of times when other longer term traders have made calls that didn't make sense according to my trading style. Every time I have done this, I have ended up in the forex doghouse with egg on my face, so I understand we often only see others calls through our own forex eyes, and wonder WTF. Human nature I guess.
Come with me if you want to live....
  • #296,097
  • Dec 30, 2011 2:47am Dec 30, 2011 2:47am
I've been reading about the probability of dollar strength in the New Year and from what I have learned about price action I think it's a convincing analysis. USD/CHF has formed a large yearly pin bar off the lows and it's also divergent. That doesn't mean it's bound to go up next year but it's a bullish sign. Here's the link: http://www.forexfactory.com/news.php?do=news&id=333417
Gone to a better place
  • #296,098
  • Dec 30, 2011 2:53am Dec 30, 2011 2:53am
Quoting smikester
I think Faller may have missed the point that you are a day trader and he's trying to compare your trading to his yearly chart. Not that I disagree with Faller, I'm not as sure as he is, but is it possible we may test the year's low of 1.5270 before we go anywhere else? Also, Faller's signature is possibly the worst advice anyone trading could take, if taken at face value!

Just to clarify - I am a day trader also. I look at all time frames and I use the longer time frames to form my overall bias. So just because I posted a daily chart does not mean I am a position trader. I have stated many times before that I trade British Pound futures.....I look for 30 to 50 pip moves.....that is all. And as for my signature - well look at what price just did. I got my 30 pips took profit and bam price came back down. So that is why my signature says what it does. All that being said....I like the way cable is holding up here as the euro is making new daily lows....I may reload here for another test of the daily high.

Cheers....
I don't trust any move - when you have profit...take it.
  • #296,099
  • Dec 30, 2011 2:53am Dec 30, 2011 2:53am
Yes and talking about high horses, what about Pound Trader?

"Watch and learn!" "Forex is just my ATM, really!" and here's the best:

"you know what im doing, making a shit load of money trading forex and i don't give a damn how it works i buiild a system and bam it works"

Really helpful bragging. Post a chart then, dammit!

Anyway that's enough wingeing from me. Have a great year of trading everybody, and to those who shared their ideas this year - Thank you!
Gone to a better place
  • #296,100
  • Dec 30, 2011 2:57am Dec 30, 2011 2:57am
Very tricky in all abnormal trading condition , London still to set up traps & not thinking crushing intu bear so far , bo & support test though 5366 , while eu test possible H4 support 2889 ,risky but still no 2 ways play. now only will expect correction up & scalp only long till reasons over& short to keep at the end .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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