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Cable Update (GBPUSD)

  • #304,101
  • Mar 18, 2012 10:50pm Mar 18, 2012 10:50pm
Quoting Ill-b-back
best I can do

u back yet....look at your charts?

let me know what to do......

still stoned here.
I don't trust any move - when you have profit...take it.
  • #304,102
  • Mar 18, 2012 11:17pm Mar 18, 2012 11:17pm
Hi Guys,

New here but not to Asx stock day trading on high leverage. Getting ready to bite the bullet and start doing what I do with Cable and GBPAUD. Have done a lot of research and I think I'm starting to understand what drives them and why they move.

Have read the last few weeks of this thread, so should be up to date with your comments. Next few weeks should be interesting.

BTW I'm a retired Aussie, live in Adelaide and like Barossa Shiraz.

BB
  • #304,103
  • Mar 18, 2012 11:18pm Mar 18, 2012 11:18pm
Quoting Faller
u back yet....look at your charts?

let me know what to do......

still stoned here.
I'm planning of taking short at 5850..what do u think? and yes a scalp mode..
I trade to live
  • #304,104
  • Mar 18, 2012 11:23pm Mar 18, 2012 11:23pm
Quoting Ill-b-back
When I did my first fx course, the guy showed my how 20pips/day gives him 40percent a month.
so did you download it
  • #304,105
  • Mar 18, 2012 11:24pm Mar 18, 2012 11:24pm
Quoting Ill-b-back
Well done,
Like a bandit bro, like a bandit.
Maybe we could form a gang huh?
Thats why I put these lines on bro. Very risky shorting if ask me unless scalping like Ubu. Oh, you do scalp eh! I forgot, maybe break down to lower TL but shorts from here are hard work if you ask me.
Come with me if you want to live....
  • #304,106
  • Mar 18, 2012 11:26pm Mar 18, 2012 11:26pm
Quoting UbuFamily
I'm planning of taking short at 5850..what do u think? and yes a scalp mode..

We are in a zone - watch your charts - have your stops.....in the long run cable will go down - it is just a matter of when the big wash down will be.......I trade......up and down........right now I am down 10 pips......going to watch a bit more then set a stop for the night and go to bed.......good luck!

Faller...
I don't trust any move - when you have profit...take it.
  • #304,107
  • Mar 18, 2012 11:31pm Mar 18, 2012 11:31pm
Quoting Ill-b-back
Thats why I put these lines on bro. Very risky shorting if ask me unless scalping like Ubu. Oh, you do scalp eh! I forgot, maybe break down to lower TL but shorts from here are hard work if you ask me.
All good bro....

like I said earlier....we are in a tricky zone....I watch many things - I do not scalp.....scalpers make like 100 trades a day.....I intra day trade....maybe 2 to 5 trades a day.....

this one is tricky.....but if the move is correct......it will be nice.

Cheers......

Faller.
I don't trust any move - when you have profit...take it.
  • #304,108
  • Mar 18, 2012 11:32pm Mar 18, 2012 11:32pm
Quoting PoundTrader
so did you download it
No I admit I haven't PT but I have got my heart racing plenty of times lately putting $5000 on the calculator at 40 percent/month which I think is very achievable with my system, and prob more. I just need discipline and some time to renew my account to $5000 after fixing the house. Wife wont release the funds. Funny thing is, i show her my system but she doesnt care, so stuck with $500 for now. Seriously though, I was mucking around on Thursday night dude, didn't mean to frustrate you bro, just playing. Good to know you care though bro seriously, makes it hard to leave this place.
Come with me if you want to live....
  • #304,109
  • Mar 18, 2012 11:33pm Mar 18, 2012 11:33pm
Quoting Ill-b-back
No I admit I haven't PT but I have got my heart racing plenty of times lately putting $5000 on the calculator at 40 percent/month which I think is very achievable with my system, and prob more. I just need discipline and some time to renew my account to $5000 after fixing the house. Wife wont release the funds. Funny thing is, i show her my system but she doesnt care, so stuck with $500 for now. Seriously though, I was mucking around on Thursday night dude, didn't mean to frustrate you bro, just playing. Good to know you care though bro seriously,...
Compounding obviously
Come with me if you want to live....
  • #304,110
  • Mar 18, 2012 11:34pm Mar 18, 2012 11:34pm
Quoting Ill-b-back
Thats why I put these lines on bro. Very risky shorting if ask me unless scalping like Ubu. Oh, you do scalp eh! I forgot, maybe break down to lower TL but shorts from here are hard work if you ask me.

You also have to remember that I trade futures.....so my charts do look different then your charts do......I have gaps etc that you do not see on your charts - and believe me there is something to say about futures.......
I don't trust any move - when you have profit...take it.
  • #304,111
  • Mar 18, 2012 11:38pm Mar 18, 2012 11:38pm
Quoting Ill-b-back
No I admit I haven't PT but I have got my heart racing plenty of times lately putting $5000 on the calculator at 40 percent/month which I think is very achievable with my system, and prob more. I just need discipline and some time to renew my account to $5000 after fixing the house. Wife wont release the funds. Funny thing is, i show her my system but she doesnt care, so stuck with $500 for now. Seriously though, I was mucking around on Thursday night dude, didn't mean to frustrate you bro, just playing. Good to know you care though bro seriously,...
  • #304,112
  • Mar 18, 2012 11:43pm Mar 18, 2012 11:43pm
Quoting Faller
We are in a zone - watch your charts - have your stops.....in the long run cable will go down - it is just a matter of when the big wash down will be.......I trade......up and down........right now I am down 10 pips......going to watch a bit more then set a stop for the night and go to bed.......good luck!

Faller...
Yea..the zone we entered now full of land mines...cable need to move sideway to avoid it...ha ha ha
I trade to live
  • #304,113
  • Mar 18, 2012 11:43pm Mar 18, 2012 11:43pm
what do you guys make of this????

http://www.metacafe.com/watch/821623...monkey_cheese/
I don't trust any move - when you have profit...take it.
  • #304,114
  • Mar 18, 2012 11:45pm Mar 18, 2012 11:45pm
Quoting UbuFamily
Yea..the zone we entered now full of land mines...cable need to move sideway to avoid it...ha ha ha

price will move up.....price will move down.....price will move sideways and while moving sideways it will move up and down........it is up to us to figure out when it is going to move in those directions...........
I don't trust any move - when you have profit...take it.
  • #304,115
  • Mar 18, 2012 11:50pm Mar 18, 2012 11:50pm
Quoting Ill-b-back
Compounding obviously

Geeez us Ka-rist!

I not know where from the compounding cometh from?

Which where we wuz be the obviously?

Oh Dear Lordth me heaven..........ahhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
I don't trust any move - when you have profit...take it.
  • #304,116
  • Mar 18, 2012 11:53pm Mar 18, 2012 11:53pm
Quoting Faller
All good bro....

like I said earlier....we are in a tricky zone....I watch many things - I do not scalp.....scalpers make like 100 trades a day.....I intra day trade....maybe 2 to 5 trades a day.....

this one is tricky.....but if the move is correct......it will be nice.

Cheers......

Faller.
I don't scalp 100times a day...I only do 1-3 trades a day..but if I get my broadband I can get some pips too at home...anyway the reason why a scalper like me take few trades is because
1)I already overcome the diciplines needed
2)my lot sizes are huge..not that huge but could burn up my account for 250pip
3)I have no greed-hunger in me due to stupid moves last 2009
4)carefull not enough, prudent it is

so far 9.5/10 winning record
I trade to live
  • #304,117
  • Mar 18, 2012 11:53pm Mar 18, 2012 11:53pm
hmmmm


Inserted Video
I don't trust any move - when you have profit...take it.
  • #304,118
  • Mar 18, 2012 11:56pm Mar 18, 2012 11:56pm
Quoting UbuFamily
I'm planning of taking short at 5850..what do u think? and yes a scalp mode..
It seems like 5850 hardly stressed out by shorting pressure...cable hardly reach for a hour..could be a bear scalp time
I trade to live
  • #304,119
  • Mar 18, 2012 11:57pm Mar 18, 2012 11:57pm
Quoting UbuFamily
It seems like 5850 hardly stressed out by shorting pressure...cable hardly reach for a hour..could be a bear scalp time

u must be as stoned as I AM???
I don't trust any move - when you have profit...take it.
  • #304,120
  • Mar 18, 2012 11:59pm Mar 18, 2012 11:59pm
Quoting UbuFamily
It seems like 5850 hardly stressed out by shorting pressure...cable hardly reach for a hour..could be a bear scalp time

1.5867 to the upside......1.5737 to the downside from this current PA.
I don't trust any move - when you have profit...take it.
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