4 1/2 really strong days and could be the usual get a bit back Friday afternoon.
Possible short with 1st tp 1.6189, 2nd tp 1.6160 sl 1.625
Possible short with 1st tp 1.6189, 2nd tp 1.6160 sl 1.625
Cable Update (GBPUSD)
- #324,323
- Sep 14, 2012 9:06am Sep 14, 2012 9:06am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
C'mon Cable, I know you can do it.
You want it bad!!!
.....
Inserted Video
- #324,324
- Sep 14, 2012 9:15am Sep 14, 2012 9:15am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #324,325
- Sep 14, 2012 9:15am Sep 14, 2012 9:15am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
Can't go long forever. 
@ 1.6255 I pray for a trend reversal
. Lets see what happens next week.
- #324,328
- Sep 14, 2012 11:39am Sep 14, 2012 11:39am
- | Membership Revoked | Joined Apr 2012 | 253 Posts
Im reviewing my target upwards from 1.5950 to 1.6130Men, Im getting too old for this shit! Hey PT can you let me in on that your weed export business you're about starting up please!!!
The only way not to think about money is to have a great deal of it
- #324,329
- Edited 2:13pm Sep 14, 2012 1:35pm | Edited 2:13pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
It would drive me nuts!!!!
It's one thing to be gaining in profit the whole way and all you're doing is checking in once a month to see how much.
But to be on the wrong side, hoping and waiting for it to come back with your hands effectively tied as you're maxed out (or close to) for opening positions?
I repeat... It Would Drive Me NUTS!!!
You're a stronger man than I Bro!
i personally dont feel like i had a bad trade..i just think i executed very badly but not for one moment did i feel like i was in trouble..i choose to exit today because..it was causing me not to trade..
so in this respect it was hurting my pocket..i look at it this way..if i exit and price retraces..back to 1.6 next month b4 hitting 1.63..i could be in this a hell of a lot longer
exiting gives me the chance to play again lower down..so i gain from it..its the safe option..
the loss is nothing for the experience i have gained..u have to be positive, trading isnt easy and i bet most have lost a fortune trading this year..im lucky to have gained knowledge at an affordable price
the glass is half full..i could have exit at 2,2k loss instead i rode it back up with only -73 pounds at 3 pound a point over 8 position on a 17k account..i was hardly in trouble, trading didnt cause me any grief at all
- #324,330
- Sep 14, 2012 3:25pm Sep 14, 2012 3:25pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
i personally dont feel like i had a bad trade..i just think i executed very badly but not for one moment did i feel like i was in trouble..i choose to exit today because..it was causing me not to trade..
so in this respect it was hurting my pocket..i look at it this way..if i exit and price retraces..back to 1.6 next month b4 hitting 1.63..i could be in this a hell of a lot longer
exiting gives me the chance to play again lower down..so i gain from it..its the safe option..
the loss is nothing for the experience i have gained..u have to be positive,...
you did it right in my opinion. from here price found always strong reject and last time came down 1000 pips in no time. surely there is still supply to be tested and still reasons to think for downside. lot of work left in lower levels and 1.60 should come again soon and even 1.59 area.
of course, now that you closed, sunday market opens at 1.65
jokes a part, well done!
90% of traders use TA, indicators and prediction
- #324,331
- Sep 14, 2012 3:38pm Sep 14, 2012 3:38pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #324,332
- Sep 14, 2012 3:41pm Sep 14, 2012 3:41pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
sincerely, i came in the forum just to see if you closed that trade.
you did it right in my opinion. from here price found always strong reject and last time came down 1000 pips in no time. surely there is still supply to be tested and still reasons to think for downside. lot of work left in lower levels and 1.60 should come again soon and even 1.59 area.
of course, now that you closed, sunday market opens at 1.65
jokes a part, well done!
thanks bro..i still think it will go up!!!
but yes it can easily also fall..if it fall can u imagine
we buy hehe especailly if go to 1.57yeah easily can test 1.6 and likely b4 move up..and that would have been 600 pound down again..wasnt worth the wait imho
- #324,333
- Sep 14, 2012 6:18pm Sep 14, 2012 6:18pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
glad to see now you can starts day trading and making reaL PIPS
- #324,334
- Sep 14, 2012 11:25pm Sep 14, 2012 11:25pm
thanks bro..i still think it will go up!!!
but yes it can easily also fall..if it fall can u imagine
yeah easily can test 1.6 and likely b4 move up..and that would have been 600 pound down again..wasnt worth the wait imho
- #324,335
- Sep 15, 2012 3:33am Sep 15, 2012 3:33am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Waiting for your new position....., Weekly trendline was broken....and we have space for moving up to 1.65xx, ..... if you worry about retracement, better to wait cable retrace first , give the market time to dance ..... killer dancing....
1.6475..its a tough one..this area we have like bbking mention has produced a massive bear candles in the past..i will be looking for buy or sell positions on cable and other currencies..
for once..we going to kill it!!
- #324,336
- Sep 15, 2012 3:59am Sep 15, 2012 3:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #324,337
- Sep 15, 2012 4:22am Sep 15, 2012 4:22am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
what u see in usd/jpy and usd/cad dude ??? ( weekly/monthly )
any correlation with this one ?
http://3.bp.blogspot.com/_kYEtzd2ogG...Big+Bottom.jpg
any correlation with this one ?
http://3.bp.blogspot.com/_kYEtzd2ogG...Big+Bottom.jpg
not euphoria follower
- #324,338
- Sep 15, 2012 5:24am Sep 15, 2012 5:24am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
what u see in usd/jpy and usd/cad dude ??? ( weekly/monthly )
any correlation with this one ?
http://3.bp.blogspot.com/_kYEtzd2ogG...Big+Bottom.jpg
big bottom??
is all i see
- #324,339
- Sep 15, 2012 5:58am Sep 15, 2012 5:58am
1.6475..its a tough one..this area we have like bbking mention has produced a massive bear candles in the past..i will be looking for buy or sell positions on cable and other currencies..
for once..we going to kill it!!
...Lost for some pips (SL) is better, at least now you have chance to collect more....
It confusing.....after QE 3 released by the FED, market agressively buying any pair against the dollar, do not care how good the US data during fundamental news, in the other hand we still don't have any significant retracement yet, sell will against the market but buy facing potential suddenly fall anytime...what will you do..????
- #324,340
- Sep 15, 2012 6:53am Sep 15, 2012 6:53am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
ahaa i like it dude, we kill them not being killed.....
Lost for some pips (SL) is better, at least now you have chance to collect more....
It confusing.....after QE 3 released by the FED, market agressively buying any pair against the dollar, do not care how good the US data during fundamental news, in the other hand we still don't have any significant retracement yet, sell will against the market but buy facing potential suddenly fall anytime...what will you do..????
qe basically places more money in circulation..the effect is it worth less..usd index sold off..so anything against it would have made money..the ranges on cable have reduced big time..when i first entered the trade average day was giving a minimium of 160 pips sometimes 300 pips in a day..market has changed a lot
i will do some analysis b4 market open..