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Cable Update (GBPUSD)

  • #365,981
  • Feb 25, 2014 4:39pm Feb 25, 2014 4:39pm
Sooner or later its going to dip down.. Its invetiable.

Timeeeee is on my side.. Oh yes it is lol!
There are those who know, and there are those who don't know.
  • #365,982
  • Feb 25, 2014 4:48pm Feb 25, 2014 4:48pm
Quoting palabara
Sooner or later its going to dip down.. Its invetiable. Timeeeee is on my side.. Oh yes it is lol!
you are just about the only bearlly (bear-ally) i see in this arena hahaha let's be patient and wait for our TP
  • #365,983
  • Feb 25, 2014 4:55pm Feb 25, 2014 4:55pm
Quoting cheater
{quote} you are just about the only bearlly (bear-ally) i see in this arena hahaha let's be patient and wait for our TP
Patients is key.. No point to flip flop around risking left and right and playing both side.. Unless that's what your into. I rather wait and collect.. Not as exciting as buy sell -- sell buy -- buy? Sell? I got enough eggs in this basket.. Lets wait for them to hatch and then move on the next basket.

All I have to do is just wait for not even big moves to get me to TP.. and then when all this eggs start hatching.. Its going to be a STRONG month even if it concludes next month.

Statistically its going to go down. Maybe not tomorrow maybe not this week.. It will achieve its cycle.
There are those who know, and there are those who don't know.
  • #365,984
  • Feb 25, 2014 4:59pm Feb 25, 2014 4:59pm
Quoting palabara
{quote} Patients is key.. No point to flip flop around risking left and right and playing both side.. Unless that's what your into. I rather wait and collect.. Not as exciting as buy sell -- sell buy -- buy? Sell? I got enough eggs in this basket.. Lets wait for them to hatch and then move on the next basket. All I have to do is just wait for not even big moves to get me to TP.. and then when all this eggs start hatching.. Its going to be a STRONG month even if it concludes next month. Statistically its going to go down. Maybe not tomorrow maybe...
that's the way, time is of essence, downside is we may risk some opportunities cost but i think its all worth the wait to build our golden nest eventually, we will get there someday
  • #365,985
  • Feb 25, 2014 5:06pm Feb 25, 2014 5:06pm
Quoting cheater
{quote} that's the way, time is of essence, downside is we may risk some opportunities cost but i think its all worth the wait to build our golden nest eventually, we will get there someday
I used to think like that.. Missed opportunities.. When I'm not trading.. I'm missing out, and I'm missing out here and there.. and you get a sense that if your not in it, you won't win it..

Lets look at 2 sides of that coin.. Lets say that opportunity.. was a hoax.. So you got 2 options.. Believe in it!!! Hold it wait for it.. Essentially miss opportunites because well this was one of them.. At which point it can either pan out or you chicken out and close as soon as it hits B/E

Or you cut your losses.. Now lets say you cut your losses.. Okay, I won't let this hinder me.. There is more opportunities.. Question is.. are you cutting more then your making?!

Chasing dreams..

People really don't stop and smell the roses.. Its like gambling.. Your waiting for that jackpot, only your never giving yourself a chance to achieve it, because your still chasing the dream.

I know, because I'm speaking from experience.. Only when I finally stopped and smelled the roses and was like.. This so called missed opportunities.. Are just something we imagined.. There is ALWAYS an opportunity.. So after I'm done with my position their will be another opportunity.. Why should I chase 20 pips when I can hold on to make 400 pips?! I'm not even waiting for a rally.. It's accumulation and proper position and adjustment. If something doesn't work Fix it, or remove it and then move on.

I've learned a lot of very expansive both financially and emotional lessons. Whoever does whatever, they do works for them good, but if your still here after 13 years come and see me!
There are those who know, and there are those who don't know.
  • #365,986
  • Feb 25, 2014 5:16pm Feb 25, 2014 5:16pm
Quoting palabara
{quote} I used to think like that.. Missed opportunities.. When I'm not trading.. I'm missing out, and I'm missing out here and there.. and you get a sense that if your not in it, you won't win it.. Lets look at 2 sides of that coin.. Lets say that opportunity.. was a hoax.. So you got 2 options.. Believe in it!!! Hold it wait for it.. Essentially miss opportunites because well this was one of them.. At which point it can either pan out or you chicken out and close as soon as it hits B/E Or you cut your losses.. Now lets say you cut your losses.....
13 yrs is a long time of accumulation, i am about 8 yrs in this but only joined here for 2 yrs most of the time reading instead of posting. Yeah i do agree with all you just said, my personal experience too. Check out the chart, i believe we all been there done that at some point in our early days
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  • #365,987
  • Feb 25, 2014 5:19pm Feb 25, 2014 5:19pm
Quoting cheater
{quote} 13 yrs is a long time of accumulation, i am about 8 yrs in this but only joined here for 2 yrs most of the time reading instead of posting. Yeah i do agree with all you just said, my personal experience too. Check out the chart, i believe we all been there done that at some point in our early days {image}
Any step -- any book -- any cartoon -- I've been their done that.. I'm not ashamed to say it.. I've fallen into every single pit.. more then once.. or twice or.. you get it lol. I defined insanity. Then I had a crazy thought.. Why not do the opposite of everything, I have done. Seems to be working!
There are those who know, and there are those who don't know.
  • #365,988
  • Feb 25, 2014 5:23pm Feb 25, 2014 5:23pm
Quoting palabara
{quote} Any step -- any book -- any cartoon -- I've been their done that.. I'm not ashamed to say it.. I've fallen into every single pit.. more then once.. or twice or.. you get it lol. I defined insanity. Then I had a crazy thought.. Why not do the opposite of everything, I have done. Seems to be working!
you know what they always say, 95% of the market are losers. It doesn't hurt to think different and be the 5%, just like what Steve Jobs has accomplished to change the world
  • #365,989
  • Feb 25, 2014 5:36pm Feb 25, 2014 5:36pm
Quoting palabara
{quote} Patients is key.. No point to flip flop around risking left and right and playing both side.. Unless that's what your into. I rather wait and collect.. Not as exciting as buy sell -- sell buy -- buy? Sell? I got enough eggs in this basket.. Lets wait for them to hatch and then move on the next basket. All I have to do is just wait for not even big moves to get me to TP.. and then when all this eggs start hatching.. Its going to be a STRONG month even if it concludes next month. Statistically its going to go down. Maybe not tomorrow maybe...

indeed it will and then it will go up up and awayyyyyyyyy jk lol but saying if i wait long enough it will go my way would be correct no matter what side of the market you are on. every trade you enter is a winning one if you could wait long enough/not get margin called
He who knows when he can fight and when he cannot, will be victorious.
  • #365,990
  • Feb 25, 2014 5:39pm Feb 25, 2014 5:39pm
Quoting TheDDReport
{quote} indeed it will and then it will go up up and awayyyyyyyyy jk lol but saying if i wait long enough is correct no matter what side of the market you are on
As long as your willing to face the music, and know when to cut, and acknowledge that losing does not have to be negative.. Instead try to associate in a more positive way such as.. An expense.

Price of doing business.

I wouldn't be holding a position, because I flipped a coin nor do I recommend that. I have statistical analysis, of patterns. So the next move logically is down.. regardless of all the other moves or how many times it will go up.. On my system the next move is down.. Once its in play and it finishes then that's the end of that sheet, and we move on.

Its all about logical thinking, and less guess work and less stress.
There are those who know, and there are those who don't know.
  • #365,991
  • Feb 25, 2014 5:46pm Feb 25, 2014 5:46pm
Quoting TheDDReport
{quote} indeed it will and then it will go up up and awayyyyyyyyy jk lol but saying if i wait long enough it will go my way would be correct no matter what side of the market you are on. every trade you enter is a winning one if you could wait long enough/not get margin called
the key is to trust your own strategy which justify your position regardless of what direction the market is moving towards. If you start to have doubts about your position because of the way the market is moving, then you are also disqualifying your own strategy. Simply saying, its either your way or the highway, no other way about it
  • #365,992
  • Feb 25, 2014 5:58pm Feb 25, 2014 5:58pm
Quoting cheater
{quote} the key is to trust your own strategy which justify your position regardless of what direction the market is moving towards. If you start to have doubts about your position because of the way the market is moving, then you are also disqualifying your own strategy. Simply saying, its either your way or the highway, no other way about it
Don't forget to add the highway is less forgiven!
There are those who know, and there are those who don't know.
  • #365,993
  • Feb 25, 2014 8:48pm Feb 25, 2014 8:48pm
Quoting palabara
{quote} I'm just holding shorts till it gets their.. Easy strategy.. called Patients. Done! lol
same brother
20% last month 8% this month
I can afford to wait to hit my target 64-63.No reason to rush.
In trading, you have to be defensive and aggressive at the same time
  • #365,994
  • Feb 25, 2014 9:28pm Feb 25, 2014 9:28pm
Just wondering if the bearish butterfly is actually a bearish crab still in progress, with it's 61.8 extension hitting exactly on the main monthly 50 fib at 7330 and resistance.

Find out in time I guess.
Come with me if you want to live....
  • #365,995
  • Feb 25, 2014 9:31pm Feb 25, 2014 9:31pm
Quoting Ill-b-back
Just wondering if the bearish butterfly is actually a bearish crab still in progress, with it's 61.8 extension hitting exactly on the main monthly 50 fib at 7330 and resistance. Find out in time I guess.
Yes, market will tell ya shortly today or next day.
Personally, I like to see the bearish butterfly fly to the hell...
Green pips to you mate
  • #365,996
  • Feb 25, 2014 10:10pm Feb 25, 2014 10:10pm
Quoting ForexRatVN
{quote} Yes, market will tell ya shortly today or next day. Personally, I like to see the bearish butterfly fly to the hell... Green pips to you mate
Same to you my friend, let's see how she rolls.
I'm not married to any direction, I just change course whenever it seems prudent.
Cheers mate
Come with me if you want to live....
  • #365,997
  • Feb 25, 2014 10:37pm Feb 25, 2014 10:37pm
I sold GBPUSD, because of RSI over-buy level.
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  • #365,998
  • Feb 25, 2014 11:09pm Feb 25, 2014 11:09pm
Quoting Ill-b-back
{quote} Same to you my friend, let's see how she rolls. I'm not married to any direction, I just change course whenever it seems prudent. Cheers mate
In married term - I married the bull with 2 kids, then divorced with few pips in profit, and currently live with the bear having 3 kids living in difficulty but managable
  • #365,999
  • Feb 25, 2014 11:24pm Feb 25, 2014 11:24pm
I have some resistance here at 6690/99, but dont think I can make a trade on, will wait for higher levels for shorts I guess..
Look Sharp/Trade Tight
  • #366,000
  • Feb 25, 2014 11:26pm Feb 25, 2014 11:26pm
i hate when the market makers control the price like this. Price has been in 15 pip range for past 12 hours x.x
He who knows when he can fight and when he cannot, will be victorious.
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