Entered Short on GU 1.5638, SL 1.5660. Risky trade , if it breaches the trend line above,i will close the position
90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #318,841
- Jul 16, 2012 10:56am Jul 16, 2012 10:56am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
- #318,842
- Jul 16, 2012 11:05am Jul 16, 2012 11:05am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #318,843
- Jul 16, 2012 11:20am Jul 16, 2012 11:20am
good plan.
((I think this rallied because of weakness in US dollar. However i think US dollar should hold for the time as it reached to the 38.2% level on extension of 1.0047-1.0220 and retrace back which could be reflected in this pair.
- #318,844
- Jul 16, 2012 11:27am Jul 16, 2012 11:27am
- | Joined Feb 2012 | Status: Trader | 1,207 Posts
Entered Short on GU 1.5638, SL 1.5660. Risky trade , if it breaches the trend line above,i will close the position
- #318,845
- Jul 16, 2012 12:02pm Jul 16, 2012 12:02pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Thanks BB . Lets see if it works out if not i will be disappointed again. Retail sales news killed my earlier trades today
I think this rallied because of weakness in US dollar. However i think US dollar should hold for the time as it reached to the 38.2% level on extension of 1.0047-1.0220 and retrace back which could be reflected in this pair.
what i know is that GU printed a strong upmove off weekly major TL near 5400.
while EU still weak and unable to conquer the 1.23 -1.25 range.
tomorrow if im not wrong is something with FED which is always a mover.
time wil tell
90% of traders use TA, indicators and prediction
- #318,846
- Jul 16, 2012 12:07pm Jul 16, 2012 12:07pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #318,847
- Jul 16, 2012 1:06pm Jul 16, 2012 1:06pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #318,848
- Edited 1:23pm Jul 16, 2012 1:11pm | Edited 1:23pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
novice traders like me need to realize, every time you place a first look at how much you are going to loose on a trade before thinking of any uncertain gains. loosing is certain winning is not
dont be so down on yourself its all about how positive u are..if u truelly believe what u wrote u need to work on your head cause yur never going to hold a profitable position
edit:- im on about the losing is certain bit..
stay strong..we dont rattle easy :- ask wormie
- #318,849
- Jul 16, 2012 1:17pm Jul 16, 2012 1:17pm
- | Commercial User | Joined Jan 2010 | 3,733 Posts
dont be so down on yourself its all about how positive u are..if u truelly believe what u wrote u need to work on your head cause yur never going to hold a profitable position
stay strong..we dont rattle easy :- ask wormie
hey man... how r u? still going hard on newbies?
I don't want a job, i want money!
- #318,850
- Jul 16, 2012 1:21pm Jul 16, 2012 1:21pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hey man... how r u? still going hard on newbies?
hello bro
just busy with work and holding my damn trade..trying not to look at market as theres really no point unless something collapse
how are u? and how is yur trading these last few months, hopefully i can get out soon and join u guys with the analysis..
i miss it all..
- #318,851
- Jul 16, 2012 1:26pm Jul 16, 2012 1:26pm
- | Commercial User | Joined Jan 2010 | 3,733 Posts
hello bro
how are u? and how is yur trading these last few months, hopefully i can get out soon and join u guys with the analysis..
i miss it all..
u still with the cable trade???? really?????
I don't want a job, i want money!
- #318,852
- Jul 16, 2012 1:27pm Jul 16, 2012 1:27pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #318,853
- Jul 16, 2012 1:28pm Jul 16, 2012 1:28pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
sadly there is not much analysis lately dude.. ad u probably noticed...
u still with the cable trade???? really?????
yeah god knows how long its been
the crazy thing is..I feel like i just entered the trade..
how mad is that!
- #318,854
- Jul 16, 2012 1:28pm Jul 16, 2012 1:28pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
base on previous market action
u the man!!
- #318,855
- Jul 16, 2012 1:39pm Jul 16, 2012 1:39pm
dont be so down on yourself its all about how positive u are..if u truelly believe what u wrote u need to work on your head cause yur never going to hold a profitable position
edit:- im on about the losing is certain bit..
stay strong..we dont rattle easy :- ask wormie
- #318,856
- Jul 16, 2012 1:52pm Jul 16, 2012 1:52pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
navin thanks lot for motivating me. yeh i am tryin my best with analysis and going to make sure i stick to it with good money management for each trade
its all about how u think, remember staying in a trade isnt about being strong, its about it not consuming your mind
- #318,857
- Jul 16, 2012 1:52pm Jul 16, 2012 1:52pm
dont be so down on yourself its all about how positive u are..if u truelly believe what u wrote u need to work on your head cause yur never going to hold a profitable position
edit:- im on about the losing is certain bit..
stay strong..we dont rattle easy :- ask wormie
if any novice trader like me remembers the possible loss than gain and then enter than outcome could look better.
- #318,858
- Jul 16, 2012 1:55pm Jul 16, 2012 1:55pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
sorry navin, regarding ''loosing is certain'' , what i was trying to say was if a novice trader enters a trade after a good analysis, rather than getting confident in his/her trade and adding more position , its more important remember that there is still a possible to loose the trade no mattter how good the analysis.
if any novice trader like me remembers the possible loss than gain and then enter than outcome could look better.
yes wise words..any1 can be wrong and will be wrong, money management is the only saving grace as one never quite knows when market will place a foot in the mouth
for sure..
- #318,859
- Jul 16, 2012 1:58pm Jul 16, 2012 1:58pm
its all about how u think, remember staying in a trade isnt about being strong, its about it not consuming your mind
i know most traders are long on but i am still holding short because of trendline and also it sort of retraced short of 38.2% of 1.63-1.5268 on GU
