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Cable Update (GBPUSD)

  • #307,141
  • Apr 10, 2012 4:57am Apr 10, 2012 4:57am
Quoting A-speculator
Morning everyone, just woke up.. still feeling drowsy..

Told ya, we were not going into the lower levels..
Take profit or hold?
  • #307,142
  • Apr 10, 2012 4:58am Apr 10, 2012 4:58am
Quoting Allseeingeye
Well that all depends how shit you think the $5000.00 i plan to make on it. You babies are here trying to make calls for a reason, that reason is you need to be told your good, yet you are mostly trading penny accounts or demos. I just thought I would make some tal;k, plus if any of you were "REAL TRADERS" You would tell me its "great call" but what do you guys know anyways! You pussy cats get SCARED IF IT DROPS 15 PIPS ON YOU! LOL!

oh my god... have mercy please
I trade to live
  • #307,143
  • Apr 10, 2012 5:00am Apr 10, 2012 5:00am
Quoting PoundTrader
still don't understand what call did you make, realy i didn't read all your posts so mabe i miss something, i just seen where you went long then came back and said your target was hit

We can only strive to be as great as him....
I don't trust any move - when you have profit...take it.
  • #307,144
  • Apr 10, 2012 5:25am Apr 10, 2012 5:25am
How not to be a muppet.

Going Short.

Inserted Video
  • #307,145
  • Apr 10, 2012 5:27am Apr 10, 2012 5:27am
90 pips under the water, how did this happen
  • #307,146
  • Apr 10, 2012 5:29am Apr 10, 2012 5:29am
Quoting pjpipster
How not to be a muppet.

Going Short.

http://www.youtube.com/watch?v=TWfph3iNC-k
oh really??

well in a sense you're right... dont go shorting now...
shouldve shorted at 1.5920 at london open... called it easy didnt you read my posts??

Now we got a Support coming in this time at 1.5800-1.5820..
we got a really bearish momentum that would break 5800... as shown my the soon to happen MACD crossover

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 18 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,147
  • Apr 10, 2012 5:32am Apr 10, 2012 5:32am
Quoting bguguen
oh really??

well in a sense you're right... dont go shorting now...
shouldve shorted at 1.5920 at london open... called it easy didnt you read my posts??

Now we got a Support coming in this time at 1.5800-1.5820..
we got a really bearish momentum that would break 5800... as shown my the soon to happen MACD crossover

Attachment
this is the first time in months i have logged onto a forum.

I was short from asia myself. just close 112 pips profit* 7 lots.
  • #307,148
  • Apr 10, 2012 5:35am Apr 10, 2012 5:35am
Quoting pjpipster
this is the first time in months i have logged onto a forum.

I was short from asia myself. just close 112 pips profit* 7 lots.
  • #307,149
  • Apr 10, 2012 5:35am Apr 10, 2012 5:35am
Quoting bguguen
This vid just reminds me of a certain "Good Call, Serious trader" muppet we just roasted....
http://www.youtube.com/watch?v=EAtBki0PsC0
as a trader.. we must not let emotional take control of ourself... focus, take it slow and steady.. make it smooth and smooth is fast..
  • #307,150
  • Apr 10, 2012 5:36am Apr 10, 2012 5:36am
Quoting Ill-b-back
Yeah ok bro, I got quite emotional at you today even after extending my hand and promising to shut the fcuk up, went back on my word. I myself am a man of extremes, I love to joke and be casual, then BAM!!! I'm a frigging guy with a chainsaw looking for blood. If you open the quoted post that I put in my own post, you will see he shows us the trendline that he tried to convince us had been broken to the downside, and his buy signals in another screen shot in the same post, just being a smart arse. Well, I just hope his deceiving arse got financially...
yea i can totally see....
as much as i dont want to wish people margin calling and losing their ass, these sort of people though are just the ones i cant bear at all, trying to brag about his oh so big account.. i do sincerely hope his account burns to pieces....

I may not be the nicest 20 year old trader here but I normally can handle what i dish out... i mean look... ive been around this forum for ages with plentiful people going against me for holding 200 pips, 400 pips drawdown but yet im still around here... why?? well im good at money management 200 pips is liek 20 usd or something soo nothing damaging...

And yes i agree that different people can trade and be successful with different style but why show off a trade signal based on a 1minute h&s chart?? i mean you wont expect ot make 100 pip on a 1 minute chart now would you?? unless its gold....
but by the time HE tried sharing his 1 minute H&S pattern trade idea, he might've as well taken profit or hit Stop loss, no point for us to follow so why share? nothing proud to brag on anyways....

Even the senior traders scalpers around here are smart enough not to post their scalp trades up, so that New traders dont try following and lose their asses because of it....

I can get really aggressive at those kind of traders like "Allseeingeye"...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,151
  • Apr 10, 2012 5:42am Apr 10, 2012 5:42am
Quoting pjpipster
this is the first time in months i have logged onto a forum.

I was short from asia myself. just close 112 pips profit* 7 lots.
glad you made it

im just glad im doing well with the calls and actually traded my calls for once... it was one of those trades i had to play... had a great time with it...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,152
  • Apr 10, 2012 5:46am Apr 10, 2012 5:46am
Quoting bguguen
glad you made it

im just glad im doing well with the calls and actually traded my calls for once... it was one of those trades i had to play... had a great time with it...
Follow yourself, understand your method and stick to your plan. Even if it does not work you will learn and becaome a better trader.

Nice work.
  • #307,153
  • Apr 10, 2012 5:50am Apr 10, 2012 5:50am
Quoting pjpipster
Follow yourself, understand your method and stick to your plan. Even if it does not work you will learn and becaome a better trader.

Nice work.
Well sometimes i have to question myself becaues im primarily a fundy trader, when the fundamentals doesnt make sense.... neither does most of the correlations and hell technicals?? technicals are just technicals but i prefer not to enter a trade agains the fundamentals though...

i often avoid entering trades when im having conflicting signals between the fundies and the techies... often ill just hold on to my existing trades and see what happens....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,154
  • Apr 10, 2012 5:56am Apr 10, 2012 5:56am
Quoting bguguen
Well sometimes i have to question myself becaues im primarily a fundy trader, when the fundamentals doesnt make sense.... neither does most of the correlations and hell technicals?? technicals are just technicals but i prefer not to enter a trade agains the fundamentals though...
You should develop a sentiment bias indicator, something that gives you market sentiment in the form of a number that has a confluence with the techinicals and when they come together you then have a trade if the risk is acceptable.
  • #307,155
  • Apr 10, 2012 6:02am Apr 10, 2012 6:02am
Quoting pjpipster
You should develop a sentiment bias indicator, something that gives you market sentiment in the form of a number that has a confluence with the techinicals and when they come together you then have a trade if the risk is acceptable.
Problem is you cant really create an indicator like that... an indicator like that would need in depth information on the order boards i mean all bids and offers order board from the World's interbank market... unfortunately Forex trading does not have 1 centralised interbank market but plenty... soo to get a Sentiment indicator data, thats already hard enough...

2ndly... Fundamentals are highly unpredictable because human factors are in there to manipulate it... and theres no way mathematics can calculate how people are gona react next or how the Fed's gona manipulate the market...

Only way this could work is not some sort of indicator but a really experienced trading mind which happened to develop INTUITION, like Poker Players calling other player's bluffs... you need to have a sense of whats going on behind closed doors, what the big boys are thinking and that my friend no maths can ever calculate that like any indicator...

but thats my 2 cents... id be amazed if someone could actually develop a system based on what i said....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,156
  • Apr 10, 2012 6:03am Apr 10, 2012 6:03am
Quoting bguguen
Well sometimes i have to question myself becaues im primarily a fundy trader, when the fundamentals doesnt make sense.... neither does most of the correlations and hell technicals?? technicals are just technicals but i prefer not to enter a trade agains the fundamentals though...

i often avoid entering trades when im having conflicting signals between the fundies and the techies... often ill just hold on to my existing trades and see what happens....
Or you could just take the drop.

Inserted Video
  • #307,157
  • Apr 10, 2012 6:15am Apr 10, 2012 6:15am
Quoting bguguen
Problem is you cant really create an indicator like that... an indicator like that would need in depth information on the order boards i mean all bids and offers order board from the World's interbank market... unfortunately Forex trading does not have 1 centralised interbank market but plenty... soo to get a Sentiment indicator data, thats already hard enough...

2ndly... Fundamentals are highly unpredictable because human factors are in there to manipulate it... and theres no way mathematics can calculate how people are gona react next or how...
An indicator can be a checklist with a value nominated per item. This is your number, not mine, its about how you are looking at the market which gives you your sentiment. If you are using Fundy's etc this will give you a value on all that information, thats all i am saying.

Write some examples out for yourself. News, Geo Pollitics, Employment, war, debt, taxi driver, imports/exports, interest rate differentials, and the list goes on. Build you own formula, then you understand it, that is what is important. If that does not work, just trade the technicals.

I do 8 to 10 daily signal trades per month. each trade has 50 to 100 pip stop and target 150 to 500 pips, 83% success rate over 9yrs, largest drawdown 8.3%. go figure.



I know how the interbank market works and its dodgy as.
  • #307,158
  • Apr 10, 2012 6:16am Apr 10, 2012 6:16am
i have a sell limit @1.6230

just in case price will reach there when i'm out or sleeping.
90% of traders use TA, indicators and prediction
  • #307,159
  • Apr 10, 2012 6:19am Apr 10, 2012 6:19am
Quoting _BBKing_
i have a sell limit @1.6230

just in case price will reach there when i'm out or sleeping.
You must sleep along time.
  • #307,160
  • Apr 10, 2012 6:19am Apr 10, 2012 6:19am
Quoting bguguen
Problem is you cant really create an indicator like that... an indicator like that would need in depth information on the order boards i mean all bids and offers order board from the World's interbank market... unfortunately Forex trading does not have 1 centralised interbank market but plenty... soo to get a Sentiment indicator data, thats already hard enough...

2ndly... Fundamentals are highly unpredictable because human factors are in there to manipulate it... and theres no way mathematics can calculate how people are gona react next or how...
that indicator you talking 'bout are already been develop... but... its not a perfect thing to follow..not just like that..
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