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Cable Update (GBPUSD)

  • #316,761
  • Jun 19, 2012 9:54am Jun 19, 2012 9:54am
Cable is a BUY. Longed cable 1.5695 target 1.5795 stop at 1.5595
The only way not to think about money is to have a great deal of it
  • #316,762
  • Jun 19, 2012 10:00am Jun 19, 2012 10:00am
Quoting Fatgeeza
Hi Makavelli7, TauTrader and everyone else.

Just wanting to introduce myself. I began looking at Forex a few years ago and, like typical newbie's, went straight in and blew my first account (not too much but enough to make me feel I'd been burnt). Things in my life then changed and found I didn't have the time to spare looking at FX and left it for a while.

I've recently come back to the board as I've decided to look at FX properly and with the attention it deserves (or should I say the attention I need to apply to hopefully avoid blowing future...
Sounds funny.. but good day to you,

We all blew accounts when we started. That is standard.

Focus on a system. learn the ins-and-outs. Do not change often. It does not work.

Find an "edge" - trade it. Rinse/repeat. It will work if it is sound. You only need to be 50% right. With a risk ratio of 2:1 - you have no problem.

First lesson - the market will be there tomorrow. No need to look for trades. Let them come to YOU.

All success

Regards
  • #316,763
  • Jun 19, 2012 10:02am Jun 19, 2012 10:02am
The current scenario is exact proof...

Was waiting for this rise for 2 days. As soon as I enter short, we go up.

Well - I will manage my shorts. And it will work out in the end.

Watch this space,

Regards
  • #316,764
  • Jun 19, 2012 10:04am Jun 19, 2012 10:04am
Quoting redbeben
73 pips for today. happy enough to call it a day.I still have some shorts on USD CAD but i'll leave them there

Daily charts show continuation on EU and GU cllimb and fall of USD CHF and USD CAD.

50 pips more today only 120 till the next decent stop

my TP will be 200-240 pips from now on.

but I preffer to scalp so...market can do whatever.

I'll take the 50 more pips on USD CAD and done
''50 pips more today only'' this was fast

gu will retrace to 1.5710 now

damn I missed the entry up there
  • #316,765
  • Jun 19, 2012 10:05am Jun 19, 2012 10:05am
Quoting TauTrader
Good day to you,

Thread dying... there are 78 individuals watching.

Please introduce yourself. Tell us who you are - what you expect being here for? We need to keep this thread going.

Let us discuss the pair. Any comments welcome. No right, no wrong.

Come on viewers. Talk!

Regards

Too many aresholes in here.....the few of us that have contributed are just getting to the point of enough is enough......we cannot control the internet - so if you like it stay if you don't like it move on.....we always have a choice.

Regards,

Faller.
I don't trust any move - when you have profit...take it.
  • #316,766
  • Jun 19, 2012 10:08am Jun 19, 2012 10:08am
bought cable at 1.5695 and target is 1.5741. if this take profit is reached before end of NY session then ill be looking to short at a better price above my 1.5741 limit. but if 1.5741 is not breached before end of NY session then my limit would be 1.5795
The only way not to think about money is to have a great deal of it
  • #316,767
  • Jun 19, 2012 10:13am Jun 19, 2012 10:13am
Quoting Makavelli7
bought cable at 1.5695 and target is 1.5741. if this take profit is reached before end of NY session then ill be looking to short at a better price above my 1.5741 limit. but if 1.5741 is not breached before end of NY session then my limit would be 1.5795
Take profit just reached 1.5741 selling cable now at current price 1.5741
The only way not to think about money is to have a great deal of it
  • #316,768
  • Jun 19, 2012 10:14am Jun 19, 2012 10:14am
sold GU @ 1.5743

TP 1.5590....going to wait for a while ain't I ?
1.5740-50 has decent sellers and @ 1.5762 is the 200 MA on daily so that should hold(1.5760-70) let's say it might hit 1.5800-5826 but the RR is pretty decent here as in max 80 pips for 140....obviously I'll chicken out and scale it but what the hell,ninja style works best
Attached Image (click to enlarge)
Click to Enlarge Name: sellgum1.gif Size: 20 KB
  • #316,769
  • Jun 19, 2012 10:15am Jun 19, 2012 10:15am
Welp, was wrong on the short. No biggie since MM limited the loss to nothing significant. Boy did that take off like a rocket.

I'm not new to FF, but I've been away from Forex for a little while. Life got busy and pulled me away. But I'm back now and re-learning.
  • #316,770
  • Jun 19, 2012 10:15am Jun 19, 2012 10:15am
Quoting Makavelli7
Take profit just reached 1.5741 selling cable now at current price 1.5741
Holding this sell with target 1.5614. See you all tomorrow.

Take care guys
The only way not to think about money is to have a great deal of it
  • #316,771
  • Jun 19, 2012 10:18am Jun 19, 2012 10:18am
Hi Tau hope youre ok.

Hope you caught that
The only way not to think about money is to have a great deal of it
  • #316,772
  • Jun 19, 2012 10:26am Jun 19, 2012 10:26am
Quoting Makavelli7
Holding this sell with target 1.5614. See you all tomorrow.

Take care guys
make sure you move SL to BE a bit later when you will have a bigger profit.
tmr,GU might bring us a big fall as they intend to ease the credits
  • #316,773
  • Jun 19, 2012 10:33am Jun 19, 2012 10:33am
Quoting Makavelli7
Hi Tau hope youre ok.

Hope you caught that
good day to you,

Thank you for asking...

Building short on the daily. Taking my time.

Will see

Regards
  • #316,774
  • Jun 19, 2012 10:34am Jun 19, 2012 10:34am
Quoting trader_fx1
Gbpnzd
~1.97 sl
~2.05 tp
GBPNZD long
failed with SL triggered at 1.97
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD DAILY 2012.06.15.jpg Size: 305 KB
  • #316,775
  • Jun 19, 2012 10:34am Jun 19, 2012 10:34am
Quoting TauTrader
good day to you,

Thank you for asking...

Building short on the daily. Taking my time.

Will see

Regards
Sheez Goming
  • #316,776
  • Jun 19, 2012 10:37am Jun 19, 2012 10:37am
Quoting trader_fx1
GBPNZD long
failed with SL triggered at 1.97
trader_fx1,

great of you posting. Love the chart. The trade failure is just that. Next one please.

Regards
  • #316,777
  • Jun 19, 2012 10:44am Jun 19, 2012 10:44am
Quoting TauTrader
trader_fx1,

great of you posting. Love the chart. The trade failure is just that. Next one please.

Regards
really thanx bro,

I am a little down, but at the end is a game of statistics and mistakes are part of this game.
it is all about statistics, emotion should never let us miss the point

surely move on, go to the next one now
  • #316,778
  • Jun 19, 2012 10:51am Jun 19, 2012 10:51am
Quoting redbeben
make sure you move SL to BE a bit later when you will have a bigger profit.
tmr,GU might bring us a big fall as they intend to ease the credits
thanks bro! Note taken. Nevertheless, i have a way of exiting my position. Thx althesame
The only way not to think about money is to have a great deal of it
  • #316,779
  • Jun 19, 2012 11:20am Jun 19, 2012 11:20am
Quoting TauTrader
good day to you,

Thank you for asking...

Building short on the daily. Taking my time.

Will see

Regards
Good day -

Short entered @ 1.5724. Will continue adding short. Daily trade -

Regards
  • #316,780
  • Jun 19, 2012 11:27am Jun 19, 2012 11:27am
good move I entered short @1.5730 - with 1 lot - so letīs see! :-)


Quoting TauTrader
Good day -

Short entered @ 1.5724. Will continue adding short. Daily trade -

Regards
Get rich or die tryin!
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