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Cable Update (GBPUSD)

  • #353,941
  • Nov 21, 2013 4:55pm Nov 21, 2013 4:55pm
Quoting Ck87
{quote} No one can be doing worse than me, i'm so stupid too, was most positive that AU was bearish, way more positive on that than EU or GU being bear, and I stuck with shorting EU and GU somehow and lost tons of $$$$. Was also bullish on yen pairs, figures I choose the pairs i'm least positive on and I get killed. ahhh I'm such a complete moron. Got pretty emotional there too as I was trading at $100-$200 a pip at some points. Someone kill me.

your not this market is tough..

80% of traders are short..and holding this tells me a lot of people are about to blow accounts..shorts are holding..this thing has gone from 1.48 to 1.6250 and is still charging..1.5879 many would have played a breakout trade short!..taking short to the execution centre and now its holding for support..no way any1 could have seen this unless yur a great scalper..and u can change positions quick

problem we have is ..USD strength is a bull and so is GU strength..something i did not see happening
unfortunately USD is more likely to disappoint (i think)
  • #353,942
  • Nov 21, 2013 4:56pm Nov 21, 2013 4:56pm
Quoting 45Condor
{quote} Currently running a short on EG, targetting the 61.8 FE. (Hence why I wish for Cable to run north.) {image} {image}

  • #353,943
  • Nov 21, 2013 4:57pm Nov 21, 2013 4:57pm
Quoting Ck87
{quote} No one can be doing worse than me, i'm so stupid too, was most positive that AU was bearish, way more positive on that than EU or GU being bear, and I stuck with shorting EU and GU somehow and lost tons of $$$$. Was also bullish on yen pairs, figures I choose the pairs i'm least positive on and I get killed. ahhh I'm such a complete moron. Got pretty emotional there too as I was trading at $100-$200 a pip at some points. Someone kill me.
20 lots per pip !! you re either so rich and hope that you get even richer or you 're so excited about trading in a dangerous way.
Get Rich or Die Tryin
  • #353,944
  • Nov 21, 2013 5:02pm Nov 21, 2013 5:02pm
Quoting Ck87
{quote} No one can be doing worse than me, i'm so stupid too, was most positive that AU was bearish, way more positive on that than EU or GU being bear, and I stuck with shorting EU and GU somehow and lost tons of $$$$. Was also bullish on yen pairs, figures I choose the pairs i'm least positive on and I get killed. ahhh I'm such a complete moron. Got pretty emotional there too as I was trading at $100-$200 a pip at some points. Someone kill me.

  • #353,945
  • Nov 21, 2013 5:14pm Nov 21, 2013 5:14pm
I'm a poker player, so I can be a gambler. Normally I know how to have discipline but in markets i've yet to be disciplined. Hence I'm down huge and want to jump off a cliff.
  • #353,946
  • Nov 21, 2013 5:21pm Nov 21, 2013 5:21pm
Quoting Ck87
I'm a poker player, so I can be a gambler. Normally I know how to have discipline but in markets i've yet to be disciplined. Hence I'm down huge and want to jump off a cliff.
considering the fact that you are a poker player, you would always have a mind set to risk and play it all for all in my opinion. I advise you to sharpen your attitude with market as I used to play with market in such a way and I had nightmares but suicide is out of my league
Get Rich or Die Tryin
  • #353,947
  • Nov 21, 2013 5:23pm Nov 21, 2013 5:23pm
Quoting hoom
{quote} considering the fact that you are a poker player, you would always have a mind set to risk and play it all for all in my opinion. I advise you to sharpen your attitude with market as I used to play with market in such a way and I had nightmares but suicide is out of my league
Obviously then you know nothing about the poker ^^

The mindset is pretty same either in poker or in trading. Tilting is common. Now what raises me a question that if you are a pro player which can raise 100-200$ per pip, how can you make such rookie mistakes, while you know that you have to play your edge and once the hand is in a shitty position and you know you're beat, you fold. At least that what pros do.
Trololololo
  • #353,948
  • Nov 21, 2013 5:23pm Nov 21, 2013 5:23pm
Quoting hoom
{quote} considering the fact that you are a poker player, you would always have a mind set to risk and play it all for all in my opinion. I advise you to sharpen your attitude with market as I used to play with market in such a way and I had nightmares but suicide is out of my league

Well I've been a pro poker player for 10 years+, at times I would risk all my money and go for it all, but at other times I managed my money properly and never risked 2 much. So I understand money management perfectly, but for some reason I've been nothing but a gambler in markets. Chasing my losses
  • #353,949
  • Nov 21, 2013 5:24pm Nov 21, 2013 5:24pm
Quoting Libertas_Ltu
{quote} Obviously then you know nothing about the poker ^^ The mindset is pretty same either in poker or in trading. Tilting is common. Now what raises me a question that if you are a pro player which can raise 100-200$ per pip, how can you make such rookie mistakes, while you know that you have to play your edge and once the hand is in a shitty position and you know you're beat, you fold. At least that what pros do.

Very true, yeah I'm on market tilt
  • #353,950
  • Nov 21, 2013 5:25pm Nov 21, 2013 5:25pm
Quoting nAVIN2007
{quote} I simply have not been trading well..position trader has completely messed up my timing..im completely out of tune with the market.. oh well ..lets see what she gonna do
Yeah it's tough. I can't linger on one chart to long because I'm trading several pairs. Seems like I am only casual friends with them. lol No worries, we should revert to the mean eventually.
  • #353,951
  • Nov 21, 2013 5:35pm Nov 21, 2013 5:35pm
Quoting Libertas_Ltu
{quote} Obviously then you know nothing about the poker ^^ The mindset is pretty same either in poker or in trading. Tilting is common. Now what raises me a question that if you are a pro player which can raise 100-200$ per pip, how can you make such rookie mistakes, while you know that you have to play your edge and once the hand is in a shitty position and you know you're beat, you fold. At least that what pros do.
Hello Libertas_Ltu,

First I played enough poker to know how it feels but I am not a pro in any way.
What I meant is that if you are a poker player, you would get an attitude of a gambler who wants to outsmart the other players and who wouldn't accept many losses in a row which can't apply to forex market in most of the cases because market would be always the smartest one on the table
We just need to identify some signals and try to follow.
cheers

hoom.
Get Rich or Die Tryin
  • #353,952
  • Nov 21, 2013 5:40pm Nov 21, 2013 5:40pm
Quoting ffleo
Weekly charts attached for UJ and GJ. Both just had recent breakout of trendline, but the breakout of GJ is significant. Both are now at major resistance. If the major resistances are broken, UJ next immediate resistance is the weekly high around 104, while GJ next immediate resistance is around 168.5. This would put GU at 168.5/104 = 1.62. That is 1.62!!! So why so many guys worry about it? Of course this picture can change if the japanese only buy pound instead of the dollar {image} {image}
both GJ and UJ are on steroids right now. Let us see which one goes faster.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,953
  • Nov 21, 2013 5:41pm Nov 21, 2013 5:41pm
Index strength data
Attached Image
  • #353,954
  • Nov 21, 2013 5:43pm Nov 21, 2013 5:43pm
UJ is going to go very very high. This is a monthly trending momentum play that is going on right now. Expecting new highs soon.
  • #353,955
  • Nov 21, 2013 5:44pm Nov 21, 2013 5:44pm
Attached Image
  • #353,956
  • Nov 21, 2013 5:50pm Nov 21, 2013 5:50pm
Quoting ffleo
{quote} both GJ and UJ are on steroids right now. Let us see which one goes faster.
Quoting Ck87
UJ is going to go very very high. This is a monthly trending momentum play that is going on right now. Expecting new highs soon.



at this moment it looks like UJ goes faster than GJ
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,957
  • Nov 21, 2013 5:51pm Nov 21, 2013 5:51pm
TL
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.11.22 cable TL.jpg Size: 302 KB
Trololololo
  • #353,958
  • Nov 21, 2013 5:57pm Nov 21, 2013 5:57pm
Quoting hoom
{quote} Hello Libertas_Ltu, First I played enough poker to know how it feels but I am not a pro in any way. What I meant is that if you are a poker player, you would get an attitude of a gambler who wants to outsmart the other players and who wouldn't accept many losses in a row which can't apply to forex market in most of the cases because market would be always the smartest one on the table We just need to identify some signals and try to follow. cheers hoom.
When i used to play i wasn't looking to gamble. I was looking to make money. I never had this gambler mentality "all in or nothing". I just grinded hours after hours, so i don't really know what kind of a player you are thinking about. But if a player knows/believes he has an edge he wouldn't just start to gamble his money. Unless of course you're on tilt, but that is more exception not the rule.
Trololololo
  • #353,959
  • Nov 21, 2013 8:37pm Nov 21, 2013 8:37pm
Quoting nAVIN2007
{quote} I simply have not been trading well..position trader has completely messed up my timing..im completely out of tune with the market.. oh well ..lets see what she gonna do
Hey Navin

Hard case really

I been carrying a wheel barrow full of lemons

around for a few months.

Been hitting the cross pairs

Ninja mode trading require
  • #353,960
  • Nov 21, 2013 8:57pm Nov 21, 2013 8:57pm
Quoting Ck87
{quote} No one can be doing worse than me, i'm so stupid too, was most positive that AU was bearish, way more positive on that than EU or GU being bear, and I stuck with shorting EU and GU somehow and lost tons of $$$$. Was also bullish on yen pairs, figures I choose the pairs i'm least positive on and I get killed. ahhh I'm such a complete moron. Got pretty emotional there too as I was trading at $100-$200 a pip at some points. Someone kill me.
If you can't trade Micro's properly, what makes you think 10 and 20 full contracts will work out ..............?

Humble yourself and start with $250 and trade it to $2500, it should take about 9 months, but it will make you a better trader in the long run............
The More You Learn, The More You Earn.....
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