Cable Update (GBPUSD)
- #327,361
- Oct 18, 2012 1:53pm Oct 18, 2012 1:53pm
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #327,362
- Oct 18, 2012 1:53pm Oct 18, 2012 1:53pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Good day,
88% is far above the average. In my opinion. Again - it is all relative. Even a 30% winning rate can still cut it. Handsomely... Someone with a 90% winning rate could lose money hand over fist.
Look at it this way... one person takes 20 trades. wins 5 loses 15. Each win is 100 pips. Each loss is 20 pips.All trades of equal investment. Ends positive.
Next guy takes 20 trades - wins 15 loses 5. Each win is 20 pips. Each loss is 100 pips. All trades of equal investment. Ends negative.
Regards
must improve in weak areas
nice short buddy
- #327,367
- Oct 18, 2012 1:57pm Oct 18, 2012 1:57pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
yes its falling we were to damn high
Great divergence play, but now i learnt my lesson... next tim i'll wait until an actual CONFIRMED Divergence happens when Candle close... when candle not close, anything can happen!!
but hey!, IM in profit again!!! who would've thunk!!! dont trade against the trendline , unfortunately GBPUSD had to fly up to 1.6170 to test that trendline we had from 1.63 top couple weeks ago....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #327,369
- Oct 18, 2012 1:59pm Oct 18, 2012 1:59pm
Seems like my death wish where i continued loading shorts on the GBPUSD turned out great!!!, its like chrismas came early....
Great divergence play, but now i learnt my lesson... next tim i'll wait until an actual CONFIRMED Divergence happens when Candle close... when candle not close, anything can happen!!
but hey!, IM in profit again!!! who would've thunk!!! dont trade against the trendline , unfortunately GBPUSD had to fly up to 1.6170 to test that trendline we had from 1.63 top couple weeks ago....
Happy with mine and your wish
early xmas 
lets wait for retracement
Loosening is not an option
- #327,370
- Oct 18, 2012 2:00pm Oct 18, 2012 2:00pm
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #327,371
- Oct 18, 2012 2:01pm Oct 18, 2012 2:01pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
nice trading today..
im just glad that trendline both me and nav have on the weekly is a legitimate one!!!
NAV i love you man?? when shall we grab lunch with the other folks on FF in london??
BTW i aint going nowhere near vauxhall man... YOU come to zone 1!!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #327,373
- Oct 18, 2012 2:04pm Oct 18, 2012 2:04pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
mate I'm in from 6175 and now @ BE
your trade would be great with 6188-90 SL and tp 6063(remember the year my dad was born)-75(previous R and S) and last one 6035(a good year for the red Burgundy wine) (35-25 area is strong) from where expect 40 pips bounce back to 63-75 area
last 5981-84 but it will take some time...and there again we go to 6035 for another bottle of wine
if I was you I'd have those levels in mind and trail from the last one
just look that I gave you not only the down levels but the bounces as well so if you are brave enought...
remember the year my dad was born
- #327,376
- Oct 18, 2012 2:05pm Oct 18, 2012 2:05pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
actually bear's been playing since the top at 1.63, this move up was a retracement, it never turned bullish... for gbpusd to turn bullish is to break above the trendline we had at 1.6170 top today...
im just glad that trendline both me and nav have on the weekly is a legitimate one!!!
NAV i love you man?? when shall we grab lunch with the other folks on FF in london??
BTW i aint going nowhere near vauxhall man... YOU come to zone 1!!!
played out exactly like i expected..candles are extremely powerfull tool..now we are in a position to attack the base..we will sort something out..might have to be next weekend thou
i havent even spoken to them yet..but we can make a plan for next sat?
- #327,378
- Oct 18, 2012 2:06pm Oct 18, 2012 2:06pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #327,379
- Oct 18, 2012 2:07pm Oct 18, 2012 2:07pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
yes yur right..i have issues with being wrong i know this..i hate losing and cutting a losing trade..something i have to work on better..and because i swing..margin for error is quite big, this helps too..
must improve in weak areas
nice short buddy
It remains a difficult business.
My short was a lucky guess.
All success to you
- #327,380
- Oct 18, 2012 2:08pm Oct 18, 2012 2:08pm
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member