seems like today everybody is not trading
nice jump in GU+EU+Gold etc..
Cable Update (GBPUSD)
- #332,163
- Dec 10, 2012 5:52am Dec 10, 2012 5:52am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
seems like i missed my entry on cable but manage to get in with fiber & swissy..
increase my PO to 6040..
indeed i was short but only in demo account luckily.
definetly cable is not easy these days! it is never...but recently things are worsening
90% of traders use TA, indicators and prediction
- #332,164
- Dec 10, 2012 5:55am Dec 10, 2012 5:55am
- Joined May 2009 | Status: Trader | 4,895 Posts
i also missed the move on cable and suspected more down till 5960.
indeed i was short but only in demo account luckily.
definetly cable is not easy these days! it is never...but recently things are worsening
- #332,165
- Dec 10, 2012 6:12am Dec 10, 2012 6:12am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
no it's not mate, we are actually bouncing off the 50% fibo..
90% of traders use TA, indicators and prediction
- #332,166
- Dec 10, 2012 6:16am Dec 10, 2012 6:16am
- Joined May 2009 | Status: Trader | 4,895 Posts
true! but also we could simply be retesting channel.....
but let's see on how the momentum.. is it more to bullish or bearish.. atm (4h) we can say that it is more bullish but one candle is not enough to judge the whole picture. let's see how is the momentum on the pullback from this upmove..
imo, price need to stay above 6040 to maintain the bullish bias.
- #332,169
- Edited 6:36am Dec 10, 2012 6:25am | Edited 6:36am
- Joined May 2009 | Status: Trader | 4,895 Posts
BOE Gov King Speaks at 5:15PM. The rate of Inflation in the USA is alarming & investors have pulled away from using the Dollar as a means of exchange since a few years ago. The USA have been patching up to keep the dollar strong but its time for the true colors to show up.
too much information is never good in trading..
just trade based on technical skills that you have possessed based on your experience.. losses is inevitable in this business but try to minimize the losses.
if you ask me what is the holy grail, patience is the holy grail and improving your entry, SL & TP (no impulsive trading) can make a huge difference in this business
green pips to you mate.
- #332,170
- Dec 10, 2012 6:38am Dec 10, 2012 6:38am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
economy is not that straight forward mate, just trade by the numbers and without emotion, you will be much safer that way imho..
too much information is never good in trading..
just trade based on technical skills that you have possessed based on your experience.. losses is inevitable in this business but try to minimize the losses.
if you ask me what is the holy grail, patience is the holy grail and improving your entry, SL & TP can make a huge difference in this business
green pips to you mate.
a person not confident cannot be patient
- #332,171
- Dec 10, 2012 6:39am Dec 10, 2012 6:39am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
true! but also we could simply be retesting channel.....
not likely but these day u never know...!!
i hope u right
- #332,172
- Dec 10, 2012 6:41am Dec 10, 2012 6:41am
- Joined May 2009 | Status: Trader | 4,895 Posts
not likely but these day u never know...!!
i hope u right
- #332,173
- Dec 10, 2012 6:44am Dec 10, 2012 6:44am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
A chart helps those who can read it.
- #332,174
- Dec 10, 2012 6:45am Dec 10, 2012 6:45am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #332,177
- Dec 10, 2012 7:03am Dec 10, 2012 7:03am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Agreed to a certain degree Nav, with regards to confident patience.
Unconfident patience is hesitation...
in trading confidence is everything..u have to trade what u see not what others think..thats the way forward...otherwise trading will overwhelm u IMHO
- #332,178
- Dec 10, 2012 7:08am Dec 10, 2012 7:08am
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
nav, I traded the weekly candle for a short, as thats what I saw, but as we all see now it was invalid. Hammers dont always play out that way I guess.
- #332,179
- Dec 10, 2012 7:08am Dec 10, 2012 7:08am
- | Joined Feb 2012 | Status: Trader | 1,207 Posts
Definitley Nav, Which is what i suffer with sometimes. Even with all the analysis in the world, I still sometimes overthink things and over complicate things. Once analysis done, and you've double checked and triple checked it, you have to have faith in your trades...