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Cable Update (GBPUSD)

  • #319,741
  • Jul 25, 2012 10:38am Jul 25, 2012 10:38am
Quoting Makavelli7
Cable setting up for an upshoot to 1.5720
im long cable now at 1.5500. Target 1.5720
The only way not to think about money is to have a great deal of it
  • #319,742
  • Jul 25, 2012 10:38am Jul 25, 2012 10:38am
Quoting Faller
not according to bguguen - he was fighting me all day that it will go down down down......

oh well.....you can lead a horse to water but you can't make them drink.

Faller.

I guess Merkle tooted a nice smelling one - market likes it.

Faller.
I don't trust any move - when you have profit...take it.
  • #319,743
  • Jul 25, 2012 10:40am Jul 25, 2012 10:40am
Quoting Makavelli7
im long cable now at 1.5500. Target 1.5720

Long since 1.5487
I don't trust any move - when you have profit...take it.
  • #319,744
  • Jul 25, 2012 10:47am Jul 25, 2012 10:47am
Quoting bguguen
Heres what i see... When Daily tells me to Short... and H4 telling me to Short and M30 tells me to short... Ignore the Top signal of M30... No way im taking a Bullish SIgnal when the Trend Gauge is showoing Bearish....
Attachment

Bullshit print driver... but as you can see.... trend gauges are saying bearish everywhere... so only take shorts on signaled candles...

yup follow the indicators....all lagging. WAKE UP!!!!!!!!!!!!!!!!!!!!!!!! You are missing the move!!!!!!!!!!!!!
I don't trust any move - when you have profit...take it.
  • #319,745
  • Jul 25, 2012 10:51am Jul 25, 2012 10:51am
Quoting Compulsive
Short from 1.55148 since 5:50am and getting hemorrhoids

Don't know what is more annoying: Breaking even or losing unrealized profits.
  • #319,746
  • Jul 25, 2012 10:53am Jul 25, 2012 10:53am
Quoting Compulsive
Don't know what is more annoying: Breaking even or losing unrealized profits.

take profits when you have them....look at my signature.

Faller.
I don't trust any move - when you have profit...take it.
  • #319,747
  • Jul 25, 2012 10:53am Jul 25, 2012 10:53am
Quoting redbeben
morning

levels with buyers or sellers as follows

Middle East names are tipped at 1.5450-55 and 1.5400-10

sellers 1.5555-60,1.5600 and 1.5630

we might see it now going to 1.5509 before droping or 1.5539 or 1.5569 acc to M1

do not follow,I should be wrong on this
well well...I bought I sold I bought again and again I sold....good.I know somebody else that did the same

but,I am still short as well and need to keep in sight 1.5519 as R.on H1 we have perfect sell signal that might drop it to 100 pips in the next 24 h

for now 1.5463 will just do on a last day sell @ 1.5509..I have a fascination with this number

sold EU as well for 1.2064 TP

now I'm going for a run.

have fun kids
  • #319,748
  • Jul 25, 2012 10:54am Jul 25, 2012 10:54am
Long Position Closed plus 30 pips....posting results.

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: bguguen 2.png Size: 115 KB
I don't trust any move - when you have profit...take it.
  • #319,749
  • Jul 25, 2012 10:56am Jul 25, 2012 10:56am
Quoting Faller
yup follow the indicators....all lagging. WAKE UP!!!!!!!!!!!!!!!!!!!!!!!! You are missing the move!!!!!!!!!!!!!
I follow only indicators but I can see the future in them like a gipsy tells the fortune

or I think I see....basically future is the past so seeing the future is just looking deep into the past.
  • #319,750
  • Jul 25, 2012 10:57am Jul 25, 2012 10:57am
Quoting Faller
take profits when you have them....look at my signature.

Faller.
Your signature is fine but you might need to refine it a bit. For example you can't take profit every 1 pip profit

Olu
If you think you can or cannot do it you are correct
  • #319,751
  • Jul 25, 2012 11:02am Jul 25, 2012 11:02am
Quoting redbeben
I follow only indicators but I can see the future in them like a gipsy tells the fortune

or I think I see....basically future is the past so seeing the future is just looking deep into the past.

wise words - I do have 2 indicators on my chart....but they are not my reason for entry or exit - just there for a glance to see position in relation to price......
I don't trust any move - when you have profit...take it.
  • #319,752
  • Jul 25, 2012 11:04am Jul 25, 2012 11:04am
Quoting Olu
Your signature is fine but you might need to refine it a bit. For example you can't take profit every 1 pip profit

Olu

ah fak - really?

really?

I won't even respond to that - look at my last trade - entry and exit took profit...will it go to 1.57 maybe....will it go back to breakeven....maybe....did I have nice profit and took it....yes. There.....I don't trust any move.......blah blah blah...........go back to trading my friend.

Faller.
I don't trust any move - when you have profit...take it.
  • #319,753
  • Jul 25, 2012 11:07am Jul 25, 2012 11:07am
Quoting Faller
take profits when you have them....look at my signature.

Faller.
Not much of a scalper myself and usually I take multiple lots to cover cost and take some small profits, but for some reason this time, went in 1 lot (100k)
  • #319,754
  • Jul 25, 2012 11:08am Jul 25, 2012 11:08am
Quoting Faller
One piece of advice for you - be more flexible to other peoples thoughts - every time someone mentions something to you....you always say...no no no...this is the way it is and this is the only way it is. Keep your young mind open to many options....be humble. You know as well as I do....that yesterday or the day before you said that you shorted at 1.5501 then added at 1.5519 and then added at 1.5540 - well you have taken more heat on the short trade then you have in gains..........try and be flexible to other people....you can rub people the...
we're all just learning here.some are already making a living out of it some are struggling but we all are learning.I know that whe will do one internship in a bank or something and he will see how reality is.He's doing well trading,just needs to adjust things here and there especially in confidence in either techs or fundies as they do not work all the time...

even I,have now 90% winning rate as I don't trust the market anymore so I tighten the SL's

2012 is a damned year for traders.last year all was calm.this year is chaos.

anyway,some of us are daytraders some swingers some scalpers....we all see diff things.I saw a buy when all saw a sell I see a sell when all see buy but I was scalping.

maybe he is right on the sell...I still wait for the 1.5374 but my swing is already 200 pips in green so could not care less....just my system tells me that's the last stop before a 90 pips bouce but till then....I bought @ 1.5470 so hedged...

It's all about the timeframe I guess and frankly I don't care as long as all are making money out of it.

we just have to remember that we should teach what we know to the newbies on the thread...one day we were like them

have a nice evening to all and trade with SL no matter what system you use
  • #319,755
  • Jul 25, 2012 11:19am Jul 25, 2012 11:19am
Quoting Olu
Your signature is fine but you might need to refine it a bit. For example you can't take profit every 1 pip profit

Olu

i think he is maybe referring to when in doubt take it out,
Money never sleeps...
  • #319,756
  • Jul 25, 2012 11:22am Jul 25, 2012 11:22am
Quoting inpatient
i think he is maybe referring to when in doubt take it out,

nah - more like this market jumps one way then the other - you cannot trust a continued move - soooo many people in here say ahhhh had a good trade going set it a breakeven....and bam......stopped at breakeven....why spend all that time at the screen waiting for a setup.....to then walk away with a stop at break even......this market is MAD! So until it changes....when you have decent profit take it.....look for re entry. Period.

That is why I do not trust the move - because the market it toooo jumpy. Anyway....done for the day....going to Starbucks for a Latte.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #319,757
  • Jul 25, 2012 11:24am Jul 25, 2012 11:24am
Faller have you been smoking something funny today? you seem a little uneasy today
  • #319,758
  • Jul 25, 2012 11:27am Jul 25, 2012 11:27am
Quoting PoundTrader
Faller have you been smoking something funny today? you seem a little uneasy today

I should be smoking! ha ha!

No actually I have just been really burning the candle at both ends lately and been on holidays with the family (took the roadie trading setup with me) so trading, visiting, holidays etc......maybe that's what you mean by uneasy.

And I guess when I am tired I really read what people are posting in here - and I guess it just gets to me. Maybe I should take a break from here? Let me know what you think......don't want to upset the apple cart here - apple already did that last night after earnings.

Faller.
I don't trust any move - when you have profit...take it.
  • #319,759
  • Jul 25, 2012 12:08pm Jul 25, 2012 12:08pm
Quoting Faller
I should be smoking! ha ha!

No actually I have just been really burning the candle at both ends lately and been on holidays with the family (took the roadie trading setup with me) so trading, visiting, holidays etc......maybe that's what you mean by uneasy.

And I guess when I am tired I really read what people are posting in here - and I guess it just gets to me. Maybe I should take a break from here? Let me know what you think......don't want to upset the apple cart here - apple already did that last night after earnings.

Faller.

keep posting bro ..very few of us left..need to see u all in here when i survive the onslaught
  • #319,760
  • Jul 25, 2012 1:05pm Jul 25, 2012 1:05pm
Quoting nAVIN2007
keep posting bro ..very few of us left..need to see u all in here when i survive the onslaught

keep it real big boy - hey sometimes we just have to cut it loose.....I was visiting my brother-in-law last week down in Windsor (Ontario) and he had a position in a stock called TWM - it is a 2 times inverse for the Russell 2000 - Well long and short of it....he bought the stock a few years ago at the market bottom thinking there would be a black swan.....and well we all know the market completely covered......he 25,000 investment dwindled down to $4500.00 - Well when I was visiting him....he finally acknowledge his error and he cut it loose.....now he can trade again.........all good things come to an end.

Do what you do.....I am here for you.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
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