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Cable Update (GBPUSD)

  • #373,961
  • Apr 29, 2014 9:31am Apr 29, 2014 9:31am
GU 15

Enjoying these dustbins - they work well

Cheers 4 now
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  • #373,962
  • Apr 29, 2014 9:32am Apr 29, 2014 9:32am
Quoting HDA
{quote} @tomspin: I know my friend, I know. I have been paying attention. I took notice of your excellent position trade entry on Monday, March 24, 2014 going long on the GBP/USD {quote} HDA OUT
So far my best pick of 2014 no doubt, had similair with euro dollar last year as well, but nothing is given and most tricky part is to do it all over again with confidence and common sense,
I learned so much, I still do, I am sure I will be, not getting too cocky about it.
Regards mate
swing it!
  • #373,963
  • Apr 29, 2014 9:35am Apr 29, 2014 9:35am
Quoting giveachance
{quote} one more added at 36 and now i watch. I am watching the euro crosses and they are all heading down. might put pressure on gbp at some stage
pp on now at 3829 from 3866 load after 3810 to 3767 area lets see gb follow that gl
  • #373,964
  • Apr 29, 2014 9:40am Apr 29, 2014 9:40am
Quoting elbert3
{quote} pp on now at 3829 from 3866 load after 3810 to 3767 area lets see gb follow that gl
I am holding my gbp sells for 1.67 pre or post fomc whatever comes first I will take it.
  • #373,965
  • Apr 29, 2014 9:40am Apr 29, 2014 9:40am
looks like its attempting the pivot again it went through before and came back, if it goes this time add short
  • #373,966
  • Apr 29, 2014 9:41am Apr 29, 2014 9:41am
Quoting elbert3
{quote} today its 6917 or 6750,, navin, best to calculate how much in the red you will be at the top level and see if you can take that loss up there ,, i know what you're thinking,, i has to go down,, but you must not be swayed by the traders here telling you to sell out,,even though they are trying to help in the best way,, this has to be your whole hearted decision,, because if it goes lower, you would of saved some money, then you will kick your self and you will tell yourself that you should not of listened to them , so think and...
@elbert3:

Would you be taking a 1000 pip drawn down?

Lets see, one of your most recent post, today, April 29, 2014 at 3:35am eastern

Quoting elbert3
talking of loss ,stopped out -8 pips look to short same as yesterday

nAVIN2007 has been doing exactly what you stated above:


Quoting elbert3
think and make the trade decision that you are happy doing

That trade decision he has made has brought him to 1031 pips draw down.

HDA OUT
  • #373,967
  • Apr 29, 2014 9:43am Apr 29, 2014 9:43am
if this hour close below 3825. bears will force more down i think. atm price below 6831. this effect short term down movement. lets see closing
  • #373,968
  • Apr 29, 2014 9:46am Apr 29, 2014 9:46am
Quoting elbert3
looks like its attempting the pivot again it went through before and came back, if it goes this time add short
really
  • #373,969
  • Apr 29, 2014 9:47am Apr 29, 2014 9:47am
Quoting nAVIN2007
{quote} regardless of what people think..i will not be swayed by what people think i should do ..i respect the advice because i know it comes from a place where its help but this market is crackers and still it can go down it sitting in an area where it can bounce..but it may also go up nobody know id rather the market proves it to me b4 i do something out of fear
@nAVIN2007:

I will share this phrase with you,

People Learn, What They Choose To Learn, How And When They Choose To Learn

Let me know how your trade works out.

When a trader takes a draw down like you are doing, it means that he is trading money he cant afford to lose. Keep that in mind.

HDA OUT
  • #373,970
  • Apr 29, 2014 9:49am Apr 29, 2014 9:49am
Quoting elbert3
{quote} really
wants to fill up the offers at 45. nothing more than that. maybe 50 will be overstretched
  • #373,971
  • Edited 10:02am Apr 29, 2014 9:51am | Edited 10:02am
Quoting tomspin
{quote} So far my best pick of 2014 no doubt, had similair with euro dollar last year as well, but nothing is given and most tricky part is to do it all over again with confidence and common sense, I learned so much, I still do, I am sure I will be, not getting too cocky about it. Regards mate
@tomspin:

We continue to learn everyday my friend. I am still learning. nAVIN2007 is still learning, we all are still learning.

Keep up the good work

Losses will come and part of the job of every trader is to learn how to take them.

For example:

Quoting elbert3
talking of loss ,stopped out -8 pips look to short same as yesterday

Quoting whitescalper
took a short on GU 1.6812 sl 1.6835 TP 1.6760

Quoting whitescalper
{quote} sl hit ,,,,,, last trade for the day shorted 1.6838 sl 1.6857

HDA OUT
  • #373,972
  • Apr 29, 2014 9:53am Apr 29, 2014 9:53am
Quoting HDA
{quote} @elbert3: Would you be taking a 1000 pip drawn down? Lets see, one of your most recent post, today, April 29, 2014 at 3:35am eastern {quote} nAVIN2007 has been doing exactly what you stated above: {quote} That trade decision he has made has brought him to 1031 pips draw down. HDA OUT
Must you pick out people for praise or derision in this thread? Do you need to highlight your posts with colours and capitals to gain attention? Can we see a chart, please?
Gone to a better place
  • #373,973
  • Apr 29, 2014 9:55am Apr 29, 2014 9:55am
Good day,

Referring to my previous post. Applying the same logic as on smaller time frames. The rules are set for entry. Not for exit - so not a true system yet. However - the same basic rules apply.

Applying the rules to GU on daily and weekly - short is my position of choice. Manage the draw down where applicable as this is new territory.(for me).

Herewith some examples of applying the rules to EU on smaller time frame - scalping. Note - the same indications are present on GU for a short on the daily/weekly.

It works.

Applying it now to GU - final push higher.

regards
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  • #373,974
  • Apr 29, 2014 9:56am Apr 29, 2014 9:56am
Quoting giveachance
{quote} ok see you at the other side. 1.6700 tomorrow

WEll I will be longing again tomorrow at 1.6828.. you may want to write it down as we are now on the move towards my 16889 target
  • #373,975
  • Apr 29, 2014 9:56am Apr 29, 2014 9:56am
Quoting HDA
{quote} @elbert3: Would you be taking a 1000 pip drawn down? Lets see, one of your most recent post, today, April 29, 2014 at 3:35am eastern {quote} nAVIN2007 has been doing exactly what you stated above: {quote} That trade decision he has made has brought him to 1031 pips draw down. HDA OUT
yes HDA your right and so am i , yes you have to pull the plug and take the loss, but what i was trying to get across was it has to be his own minds decision ,, i always post,,, that traders post their opinions here, and we all can agree or disagree , but in the end we have to make it our own trade decision, ,, as humans we live in a blame culture , ie we all blame the politicians, when things go wrong, ??? but we put them in power to make the decisions,, and when they get it wrong do we blame ourselves for putting them there ,,,no,, this is why the decision to pull a trade has to be made by the trader,, no matter how much others ,say. But you are right the easy part is getting into a trade,, the hard part is getting out,, he who fights and runs away, lives to fight another day. best regards E
  • #373,976
  • Apr 29, 2014 9:59am Apr 29, 2014 9:59am
Quoting HDA
{quote} @elbert3: Would you be taking a 1000 pip drawn down? Lets see, one of your most recent post, today, April 29, 2014 at 3:35am eastern {quote} nAVIN2007 has been doing exactly what you stated above: {quote} That trade decision he has made has brought him to 1031 pips draw down. HDA OUT

I would love to see a chart from u..id like to learn from your chart
  • #373,977
  • Apr 29, 2014 10:00am Apr 29, 2014 10:00am
Quoting elbert3
{quote} yes HDA your right and so am i , yes you have to pull the plug and take the loss, but what i was trying to get across was it has to be his own minds decision ,, i always post,,, that traders post their opinions here, and we all can agree or disagree , but in the end we have to make it our own trade decision, ,, as humans we live in a blame culture , ie we all blame the politicians, when things go wrong, ??? but we put them in power to make the decisions,, and when they get it wrong do we blame ourselves for putting them there ,,,no,, this...
i THINK WE SHOULD MOVE ON NOW POOR NAV IS SICK ENOUGH WITHOUT US WRITING ABOUT IT, Respectfully wrote to all who are concerned E
  • #373,978
  • Apr 29, 2014 10:01am Apr 29, 2014 10:01am
Quoting smikester
{quote} Must you pick out people for praise or derision in this thread? Do you need to highlight your posts with colours and capitals to gain attention? Can we see a chart, please?
You took the words out of my mouth lol
  • #373,979
  • Apr 29, 2014 10:02am Apr 29, 2014 10:02am
Quoting elbert3
{quote} i THINK WE SHOULD MOVE ON NOW POOR NAV IS SICK ENOUGH WITHOUT US WRITING ABOUT IT, Respectfully wrote to all who are concerned E
no its fine..believe me as a person trading im not someone who is affected by this..
its all good!!
  • #373,980
  • Apr 29, 2014 10:04am Apr 29, 2014 10:04am
Quoting HDA
{quote} @nAVIN2007: I will share this phrase with you, People Learn, What They Choose To Learn, How And When They Choose To Learn Let me know how your trade works out. When a trader takes a draw down like you are doing, it means that he is trading money he cant afford to lose. Keep that in mind. HDA OUT
I do not think it is the right time to close a 1000 pips loss of cable at its current top. nAVIN can hold a 1000 pips drawdown, why close exactly at the top? Sure cable can go a little up, but why it cannot drop a few hundreds pips afterwards? Or even 1000 pips drop afterwords? What if he close the 1000 pips loss, the market goes up 200 pips, and he thinks it may still go up and wait but it just drops like a rock?

If he can hold 1000 pips drawdown, he can still hold couple hundreds more and wait for the big drop.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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