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Cable Update (GBPUSD)

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If there was easy money lying around,no one would be forcing it into your
Quoting TauTrader
Like a Jedi - Vouched
No one ever vouch for me like this. Many thanks. Maybe we becoming good friends. I like you.
I making the big monies, so far +10 pips. Follow me if you nice guy...
Quoting LizardGizzard
I believe we've just hit our top for a while, fellas.
Verry unpredictable lately. I did not think it would reach m4 piviot today as I thought the high of 1.5594 but just blew past it after a run down. I have been caught quite a few times lately even with 70 pip stop losses. Good example the move on cable news today was unexpected. Big boys must be in play here. Look its tested the wr1 pivit again who says that it could be at 1.58 in the next hour. Looks like the best way to trade able is with very small positions and allowing several hundres of points against you.

Anyway just my thoughts.
Quoting ferreira1239
{quote} Verry unpredictable lately. I did not think it would reach m4 piviot today as I thought the high of 1.5594 but just blew past it after a run down. I have been caught quite a few times lately even with 70 pip stop losses. Good example the move on cable news today was unexpected. Big boys must be in play here. Look its tested the wr1 pivit again who says that it could be at 1.58 in the next hour. Looks like the best way to trade able is with very small positions and allowing several hundres of points against you. Anyway just my thoughts.
Don't over think. Trade what you see. You seem to rely on your hopes. I will not start how wrong this is. Clear your head. There's always another day and trades for taking.
Quoting forexaccent
{quote} Hi ferreira1239, This remind me story when I go to gym many years ago. Many people laugh at me because I try to lift bar with no weights and I not do it. Good looking big guy coming and say "Let me show you how to do it little man" and putting so many weight on there. He making me feel small, and he liking it because it make him feel better and thinking it is funny. That night I go home and cry to mother. She rub my hair with pig ears and say not worry, tomorrow you go to gym and hope same good looking big guy not show up. I ask mother...

Hi

70 to 100 pips stop loss usualy is more than enough at desent entry points. You may be right about the lot size I can make it smaller. I dont think the size was too big as I can handle the loss. I dont usualy swing trade as dont like to wait for months to close trades. Maybe thats the safest way to go bout it and swing trader. You are right about what go's up must come down but waiting forever for it to come down or up just increases cost due to rollover charges.

Usualy do very well even using stops of 25 pips but even increasing it to 70 -100 has not worked so well. I know the market conditions change but have not seen this version of it and I have been trading for a while. I think I may just step back and try and make sense of it before trading Cable again.

Regards

Edgar
Quoting ferreira1239
{quote} Verry unpredictable lately. I did not think it would reach m4 piviot today as I thought the high of 1.5594 but just blew past it after a run down. I have been caught quite a few times lately even with 70 pip stop losses. Good example the move on cable news today was unexpected. Big boys must be in play here. Look its tested the wr1 pivit again who says that it could be at 1.58 in the next hour. Looks like the best way to trade able is with very small positions and allowing several hundres of points against you. Anyway just my thoughts.
Good day to you, Ferreira

I'll tell you. Price will go where the players want it to go. Period. Most of the times - it will not make sense. I do not give a sh*t about fundamentals. I do not care for news releases. Do not care for fibs, or trend lines or pivots or stochs or RSI or MACD or any Support or resistance. All fake.

News are excuses.

To move price.

How many times have you heard -sell the rumour - buy the rumour. It's all crap.

price will force itself to where it needs to go. Irrespective. News will be shaped to match. often.

Look deeper.

Regards
Quoting 1pipperhour
{quote} Don't over think. Trade what you see. You seem to rely on your hopes. I will not start how wrong this is. Clear your head. There's always another day and trades for taking.
I think you spot on on overthinking it. I do trade what I see but had 4 trades losses in the row. Just a bit fustrated. Anyway great advice and thanks.
Quoting TauTrader
{quote} Good day to you, Ferreira I'll tell you. Price will go where the players want it to go. Period. Most of the times - it will not make sense. I do not give a sh*t about fundamentals. I do not care for news releases. Do not care for fibs, or trend lines or pivots or stochs or RSI or MACD or any Support or resistance. All fake. News are excuses. To move price. How many times have you heard -sell the rumour - buy the rumour. It's all crap. price will force itself to where it needs to go. Irrespective. News will be shaped to match. often. Look...

Interesting advice. so if you dont use suport and resistance and, trends, counter trends, fundementals and all the other indicators what else is there. When you say look deeper, what do you mean. Sounds more spiritual to me. There my be a few of these type of traders, I have not met any and if you are one please teach me.
Quoting ferreira1239
{quote} Hi 70 to 100 pips stop loss usualy is more than enough at desent entry points. You may be right about the lot size I can make it smaller. I dont think the size was too big as I can handle the loss. I dont usualy swing trade as dont like to wait for months to close trades. Maybe thats the safest way to go bout it and swing trader. You are right about what go's up must come down but waiting forever for it to come down or up just increases cost due to rollover charges. Usualy do very well even using stops of 25 pips but even increasing it to...
No problem Edagr,

Maybe go home and kick feet in air and have cold glass of pickle juice. Take mind off of trading and draw some nice pictures instead. Sometimes trading can be very hard on mind. Mother is telling me mind must be strong to trade. I thinking your mind is very strong so not to worry. Cheers.
I making the big monies, so far +10 pips. Follow me if you nice guy...
Quoting ferreira1239
{quote} I am with you. Short at 1.5558. Good luck to us as it seems sometimes that luck is needed.
One more thing I noticed ... don't ever enter a trade because somebody here in the thread said it would be a good one. Never! This is just plain stupid. Make your own decisions and always have a plan. Always! Even if your trade works. You just have to know where to take profits. When it goes wrong, have a plan how to get out or lessen your loss.
Quoting TauTrader
{quote} Good day to you, Ferreira I'll tell you. Price will go where the players want it to go. Period. Most of the times - it will not make sense. I do not give a sh*t about fundamentals. I do not care for news releases. Do not care for fibs, or trend lines or pivots or stochs or RSI or MACD or any Support or resistance. All fake. News are excuses. To move price. How many times have you heard -sell the rumour - buy the rumour. It's all crap. price will force itself to where it needs to go. Irrespective. News will be shaped to match. often. Look...
Quoting 1pipperhour
{quote} One more thing I noticed ... don't ever enter a trade because somebody here in the thread said it would be a good one. Never! This is just plain stupid. Make your own decisions and always have a plan. Always! Even if your trade works. You just have to know where to take profits. When it goes wrong, have a plan how to get out or lessen your loss.

Quoting 1pipperhour
{quote} One more thing I noticed ... don't ever enter a trade because somebody here in the thread said it would be a good one. Never! This is just plain stupid. Make your own decisions and always have a plan. Always! Even if your trade works. You just have to know where to take profits. When it goes wrong, have a plan how to get out or lessen your loss.

This is the good one. I giving you the 2 thumbs up and mother is giving you 1 because other one is cut off because Aunt Helga thinking it was mushroom.

I making the big monies, so far +10 pips. Follow me if you nice guy...
Quoting Makavell
{quote}

TauTrader makes sense about the market price will go where the player's want it to go. The question where do you find this information. When he says look deeper I think he means do more research. So where are the best places or sites for this information?
last post for a while.

CHF chart = past 3 years. See the purple lines. not one missed. Maybe not in the same month - always touch. Covered along the lines. Since EU and CHF are negatively correlated....

EU has to go up some time in future to allow CHF to cover.

The lower EU goes, the better entry I have to one day cover the marker on CHF.

So - we have one of those lines on GU @ 1.5845. It can drop to friggin' 1.40 for all I care. 1.5845 we will touch. One day.

Strange but true.

regards
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look guys what I found and this is very disturbing:

Quoting forexaccent
{quote} If you make that much, please get the better website. Mother making better website, and she blind right eye, and can't see in left eye. It is good website, but mother can make it better. Pay mother and she will make it. Don't worry I nice guy, I tell you I like website, just improve, okay. I made over 1 million euros, but I gave to mother. She buy goats, sheeps, and cows. She give to butcher some cows, but most cows we are keeping. In old country we give to people that have no money because giving back is important, no.
I think there is mentally ill person posting here
Quoting 1pipperhour
{quote} One more thing I noticed ... don't ever enter a trade because somebody here in the thread said it would be a good one. Never! This is just plain stupid. Make your own decisions and always have a plan. Always! Even if your trade works. You just have to know where to take profits. When it goes wrong, have a plan how to get out or lessen your loss.
I thought 1.5560 was a good entry point for a short. I got 1.5558. I just mentiond to forexaccent that Im wilth him on the direction. Did not take the trade because he did.
Quoting ferreira1239
{quote} I think you spot on on overthinking it. I do trade what I see but had 4 trades losses in the row. Just a bit fustrated. Anyway great advice and thanks.
Did you follow your plan? Did you break any of your rules when entering those trades? If not you have nothing to worry about, losses will always happen. They can be very disheartening when you get a series of them, just take a peek at my trade explorer and you will see a recent string of them.
New to this forum have been trying to trade forex for a while now.

One thing I have noticed is that I seem to place a trade at exactly that point where the market turns around at. At first i thought it may been a coincidence but now i just dont know what to think. It seems to happen every time. Happened with cable and usd/chf. Really frustrating.
Quoting Ulterior
look guys what I found and this is very disturbing: {quote} I think there is mentally ill person posting here
Hi Ulterior,


Why is this disturbing? Please explain yourself.


Is it because mother is blind in one eye and can't see in other. You think this is disturbing? How? Maybe it is disturbing to her, but why you have to point it out. Everyday mother making me smile and not let her condition bother her. She is not letting her age or anything that is wrong with her stop her doing the things she is loving to do, like dancing, trading or watching her son (that is me) become something. This is mother dream.


Or maybe it is disturbing because I say to guy maybe to make website a little better. Is this wrong to tell someone this? He is posting website to get more people to take a look at what he is posting, but if you see website it is not very organized. I only telling him maybe make it better and mother can help. I still telling him I like website and it is good. You see I am nice guy. So please tell me and everyone since you decide to post this why it is disturbing? You make it a point to bring it in public, but please tell us what is wrong. Many thanks.


Don't worry I like you and I know nice guy in there. Now lets get back to the trading, shall we.
I making the big monies, so far +10 pips. Follow me if you nice guy...
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