Cable Update (GBPUSD) | Page 17923 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #358,441
  • Jan 14, 2014 1:40am Jan 14, 2014 1:40am
Quoting pawpaw1000
{quote} Out -3 Jumped the gun a bit on that entry...


Need to work on that entry, had the direction right but timing was off...

Perfection takes time ;-)
@pawpaw1000 on Twitter
  • #358,442
  • Jan 14, 2014 1:41am Jan 14, 2014 1:41am
Quoting ffleo
{quote} hope you do not mind if I put you on ignore.

They think that's for the best.

  • #358,443
  • Jan 14, 2014 1:42am Jan 14, 2014 1:42am
Quoting sym
{quote} What's wrong with that?


Don't mind him, He's just sour from his losing trades and the fact that I can supposedly do the impossible.

He's close minded and think only 100 pip stops can make it in this game.
@pawpaw1000 on Twitter
  • #358,444
  • Jan 14, 2014 1:43am Jan 14, 2014 1:43am
Quoting pawpaw1000
{quote} Yeah, that was a 3min trade with pending like you asked and levels before. 3 pip loss, doesn't matter, can make 25 trades like that and make it up with 1 winner. Not saying much for your trade from Friday...
it hit 63793. A 8 pip winner turned 3 pip loser. you do it 100 times and you lose 300 pips
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,445
  • Jan 14, 2014 1:44am Jan 14, 2014 1:44am
Quoting pawpaw1000
{quote} Don't mind him, He's just sour from his losing trades and the fact that I can supposedly do the impossible. He's close minded and think only 100 pip stops can make it in this game.

I'd be broke if I put up 100 pip stops. I tend to keep mine pretty tight, just not as tight as your's. Usually around 10 pips.
  • #358,446
  • Jan 14, 2014 1:46am Jan 14, 2014 1:46am
Quoting ffleo
{quote} it hit 63793. A 8 pip winner turned 3 pip loser


It will probably go up alot higher...

That doesn't matter, my reason for entering was gone and so I get out. I could have chosen 6356 as a SL and then if the market went down, I'd lose 15 pips.

With tight SL's, you are not worried about taking small profits if that is all the market is giving, you just trail your stop up as we go.

My trades usually have 20 pip TP and max 6 pip sl

I know, It's impossible... Cloggie was doing it and proved it to you guys by calling levels entries many times

YEsterday I took two trades for 41 pips and 30
@pawpaw1000 on Twitter
  • #358,447
  • Jan 14, 2014 1:48am Jan 14, 2014 1:48am
Quoting Baggi
{quote} I'd be broke if I put up 100 pip stops. I tend to keep mine pretty tight, just not as tight as your's. Usually around 10 pips.


Great! Do what works for you... As your entries get better you could cut it down to 8 and then perhaps 5 later depending on spread.

Trading is like any other activity, near perfection is possible but takes many Hours to accomplish.

To join the Elite in any activity takes 10 000 Hours of practice.

Look at this market go, you see now why I was looking to long even before LO?
@pawpaw1000 on Twitter
  • #358,448
  • Jan 14, 2014 1:49am Jan 14, 2014 1:49am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting GlobalMacro
{quote} Well....for one.......less than 1 minute.....naahhh.....it's really not fun...
Perhaps for you it's not fun.
But what's your point... laugh at others trading style?
--- nothing to say ---
  • #358,449
  • Jan 14, 2014 1:50am Jan 14, 2014 1:50am
Quoting pawpaw1000
{quote} It will probably go up alot higher... That doesn't matter, my reason for entering was gone and so I get out. I could have chosen 6356 as a SL and then if the market went down, I'd lose 15 pips. With tight SL's, you are not worried about taking small profits if that is all the market is giving, you just trail your stop up as we go. My trades usually have 20 pip TP and max 6 pip sl I know, It's impossible... Cloggie was doing it and proved it to you guys by calling levels entries many times
now matter who is doing it, tight stops do not work. you just proved it
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,450
  • Jan 14, 2014 1:51am Jan 14, 2014 1:51am
GU M15

Trying a long - if 384 fails I may pull it before the sl
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 39 KB
  • #358,451
  • Jan 14, 2014 1:54am Jan 14, 2014 1:54am
Won't be here for LO or GBP data but will be back for NY data and session.

Looking at this PA I'd say my premise for longs was right and I'd just keep buying dips!

6430 is 1st target and 6446 after

Problem is never guessing direction, it's getting a good enough entry with small enough sl to make the trade worth it.

Taking a long now would probably be a no brainer but you'd need a 40 pip sl which means you need price to go 80 just to have a favorable traders equation.

That said, NO BRAINER only means 60% probability that we will be much higher soon.
@pawpaw1000 on Twitter
  • #358,452
  • Jan 14, 2014 1:55am Jan 14, 2014 1:55am
Quoting ffleo
{quote} now matter who is doing it, tight stops do not work. you just proved it


HAHAHAHAHAAAA!

Ok, you keep those stops large and those profits small mate :-)

I'll do the opposite and then we see who makes it

Do you even understand the traders equation?
@pawpaw1000 on Twitter
  • #358,453
  • Jan 14, 2014 1:57am Jan 14, 2014 1:57am
Quoting pawpaw1000
pending 63712
Had same entry as you but with a 10pip SL. Closed at 63912 for 20pip TP. Thx pawpaw
  • #358,454
  • Jan 14, 2014 1:58am Jan 14, 2014 1:58am
Quoting pawpaw1000
{quote} HAHAHAHAHAAAA! Ok, you keep those stops large and those profits small mate :-) I'll do the opposite and then we see who makes it Do you even understand the traders equation?

it is 6395 now. you would have won 20 pips. keep your stop tight and lose more times.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,455
  • Jan 14, 2014 1:59am Jan 14, 2014 1:59am
Quoting WatChaWaitin
{quote} Had same entry as you but with a 10pip SL. Closed at 63912 for 20pip TP. Thx pawpaw
are you laughing at your pal?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,456
  • Jan 14, 2014 1:59am Jan 14, 2014 1:59am
Quoting WatChaWaitin
{quote} Had same entry as you but with a 10pip SL. Closed at 63912 for 20pip TP. Thx pawpaw


You could make 80 on this trade mate...

Means with a stop of 10, gives you 8 to 1
@pawpaw1000 on Twitter
  • #358,457
  • Jan 14, 2014 2:01am Jan 14, 2014 2:01am
Quoting pawpaw1000
{quote} You could make 80 on this trade mate...
yup watch other people make 80 pips while you got stopped out with -3 pips. lol.

do not say it is cloggie taught you so.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,458
  • Jan 14, 2014 2:01am Jan 14, 2014 2:01am
Quoting pawpaw1000
{quote} You could make 80 on this trade mate...
Heck yeah but i am trading from my mobile so its harder to see the charts setup. So a ratio of 2:1 is always my target using mobile.
  • #358,459
  • Jan 14, 2014 2:03am Jan 14, 2014 2:03am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting GlobalMacro
{quote} I think you didn't get it .... go read it again
I trade using math, so my style is useless for this thread, like your comments.
I have wasted too much time... have a great day.
--- nothing to say ---
  • #358,460
  • Jan 14, 2014 2:08am Jan 14, 2014 2:08am
Quoting chazzle
GU M15 Trying a long - if 384 fails I may pull it before the sl
+12
943 traders viewing now