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Cable Update (GBPUSD)

  • #305,921
  • Apr 3, 2012 6:27am Apr 3, 2012 6:27am
Quoting Faller
This may be my last post here at Forex Factory......so please take in the information that I have provided.....

My early morning position has been closed...

Happy with results......check previous post for my entry http://www.forexfactory.com/showthre...43#post5536143

Posting my exit results....going to bed now....it is7:00AM EST - will check in later......maybe.....


Faller.

nice trading bro
  • #305,922
  • Apr 3, 2012 6:33am Apr 3, 2012 6:33am
wish you well FALLER,
  • #305,923
  • Apr 3, 2012 6:39am Apr 3, 2012 6:39am
Quoting PoundTrader
wish you well FALLER,
u are a funny man!!.
  • #305,924
  • Apr 3, 2012 6:45am Apr 3, 2012 6:45am
Quoting Faller
This may be my last post here at Forex Factory......so please take in the information that I have provided.....

Faller.
Why ???? I cannot speak for others but I think you are a good trader.

Anyway, whatever you decide I wish you well for your future .

Ciao.
  • #305,925
  • Apr 3, 2012 6:47am Apr 3, 2012 6:47am
Quoting nAVIN2007
u are a funny man!!.
Bro, weren't you a Fulltime day trader before this mofo of a trade you got into last year?
Come with me if you want to live....
  • #305,926
  • Apr 3, 2012 6:48am Apr 3, 2012 6:48am
Quoting Rasi
Why ???? I cannot speak for others but I think you are a good trader.

Anyway, whatever you decide I wish you well for your future .

Ciao.
I agree, one of the most consistent intraday day traders on this thread I think.
Come with me if you want to live....
  • #305,927
  • Apr 3, 2012 6:50am Apr 3, 2012 6:50am
Quoting Ill-b-back
Bro, weren't you a Fulltime day trader before this mofo of a trade you got into last year?

hardly..i placed 17k into trading account..if it went well id have tried..i was unemployed at the time..so many would say i was full time

but i make the distinction: Did i depend on a income from trading to live..HELL NO!!

thats the difference..and i was swinging even back then..after this trade if successfull..hopefully i can make 20k a year with job..after 2 years perhaps be in a better position..however i trade because i like it..not because i need money!!
maybe why i appear patient
  • #305,928
  • Apr 3, 2012 6:50am Apr 3, 2012 6:50am
short
Attached Image (click to enlarge)
Click to Enlarge Name: 37.png Size: 19 KB
  • #305,929
  • Apr 3, 2012 6:55am Apr 3, 2012 6:55am
Quoting nAVIN2007
hardly..i placed 17k into trading account..if it went well id have tried..i was unemployed at the time..so many would say i was full time

but i make the distinction: Did i depend on a income from trading to live..HELL NO!!

thats the difference..and i was swinging even back then..after this trade if successfull..hopefully i can make 20k a year with job..after 2 years perhaps be in a better position..however i trade because i like it..not because i need money!!
maybe why i appear patient
What kind of pip targets? Just ball park if dont mind me asking? I swing trade also but not sure of definition.
Come with me if you want to live....
  • #305,930
  • Apr 3, 2012 6:58am Apr 3, 2012 6:58am
well well.. seems like we might have a breakout on the asc TL and now below 6000 price.. will wait for 4h closed before deciding on pyramiding..
  • #305,931
  • Apr 3, 2012 7:00am Apr 3, 2012 7:00am
Quoting Ill-b-back
What kind of pip targets? Just ball park if dont mind me asking? I swing trade also but not sure of definition.

between 500 -1000 pips on swing trades
intraday 100 pips average..risk less than 1% in account
average 2k pip per month

I found swing trading offered the same number of pips as if i was scalping..but scalping was hard work..thats why i stopped scalping
  • #305,932
  • Apr 3, 2012 7:01am Apr 3, 2012 7:01am
5940 would be nice
Come with me if you want to live....
  • #305,933
  • Apr 3, 2012 7:01am Apr 3, 2012 7:01am
Quoting Ill-b-back
From what I understand, Smike uses stop orders for most of his trades
well, he says that he will open position after the breakout confirms.. meaning he will enter the price from below.. so that is a limit order.. imho..
  • #305,934
  • Apr 3, 2012 7:03am Apr 3, 2012 7:03am
Quoting nAVIN2007
between 500 -1000 pips on swing trades
intraday 100 pips average..risk less than 1% in account
average 2k pip per month

I found swing trading offered the same number of pips as if i was scalping..but scalping was hard work..thats why i stopped scalping
Sounds good, mainly GU? or other pairs?
Come with me if you want to live....
  • #305,935
  • Apr 3, 2012 7:07am Apr 3, 2012 7:07am
Quoting A-speculator
well, he says that he will open position after the breakout confirms.. meaning he will enter the price from below.. so that is a limit order.. imho..
Maybe, perhaps a market order after 15min candle close, who knows. I wasn't referencing this trade, just making reference to Smikes use of stop orders if my post is read correctly.
Come with me if you want to live....
  • #305,936
  • Apr 3, 2012 7:08am Apr 3, 2012 7:08am
Quoting Ill-b-back
Sounds good, mainly GU? or other pairs?
95% GU
but i can trade anything really as i have a system which rely on price moment without indicators

this current trade and completely messed up my stats..in terms of time trade duration and DD
my AVERAGE TRADE TIME WAS 3-7 DAYS B4 THIS (sorry for caps)
  • #305,937
  • Apr 3, 2012 7:13am Apr 3, 2012 7:13am
Quoting Ill-b-back
Maybe, perhaps a market order after 15min candle close, who knows. I wasn't referencing this trade, just making reference to Smikes use of stop orders if my post is read correctly.
maybe so.. frankly i don't know his general trading methodology..

anyway, hopefully cable can get to 1.6 again before going to 5950..
  • #305,938
  • Apr 3, 2012 7:16am Apr 3, 2012 7:16am
Quoting nAVIN2007
95% GU
but i can trade anything really as i have a system which rely on price moment without indicators

this current trade and completely messed up my stats..in terms of time trade duration and DD
my AVERAGE TRADE TIME WAS 3-7 DAYS B4 THIS (sorry for caps)
Don't worry nAV, think of it as a batting average, was 3-7, now we can call you Sir Don (and NOT OUT by the way)
Come with me if you want to live....
  • #305,939
  • Apr 3, 2012 7:19am Apr 3, 2012 7:19am
Quoting Ill-b-back
Maybe, perhaps a market order after 15min candle close, who knows. I wasn't referencing this trade, just making reference to Smikes use of stop orders if my post is read correctly.
Just to clarify I would often place a sell stop order below the break out candle, if the bar is not too big, does not retrace too much and if the price is not moving too fast. In other words, the order is picked up if the price continues downward. I have heard these called limit orders and brokers differ in their definitions. I rarely place a market order.

Just for information, I did not take today's short. It filled some of my criteria but not all.
Gone to a better place
  • #305,940
  • Apr 3, 2012 7:23am Apr 3, 2012 7:23am
Quoting smikester
Just to clarify I would often place a sell stop order below the break out candle, if the bar is not too big, does not retrace too much and if the price is not moving too fast. In other words, the order is picked up if the price continues downward. I have heard these called limit orders and brokers differ in their definitions. I rarely place a market order.

Just for information, I did not take today's short. It filled some of my criteria but not all.

i also was thinking about this short..always easy after..1.60 bound to test..but sometimes it not so easy..still the 4hr will close a retest of 1.6 may provide u an opportunity..
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