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Cable Update (GBPUSD)

  • #374,601
  • Apr 30, 2014 2:35pm Apr 30, 2014 2:35pm
I think at these levels risk/reward clearly favours the short side.

In the medium term this should retrace back to 1.65 at least.
  • #374,602
  • Apr 30, 2014 2:36pm Apr 30, 2014 2:36pm
Quoting nAVIN2007
unbelievable now it starts to fall ..the piece of crap
Relax brother, this ain't falling (anywhere far) yet. Hell I closed my 6891 short for +14.4 before FOMC because no "noise" is changing the charts right now.

If you did close out, PLEASE don't start shorting yet.
Ghost Rider - WWTBMD?
  • #374,603
  • Apr 30, 2014 2:37pm Apr 30, 2014 2:37pm
Quoting nAVIN2007
unbelievable now it starts to fall ..the piece of crap
What price was you short from before you closed it?
  • #374,604
  • Apr 30, 2014 2:40pm Apr 30, 2014 2:40pm
Quoting GDR3k
{quote} What price was you short from before you closed it?

1.5349 it was a hedge against my longs to 1.59..the 2 monthly pins on the monthly confused the hell out me..in the end i choose short as the favored direction long term..big mistake
  • #374,605
  • Apr 30, 2014 2:42pm Apr 30, 2014 2:42pm
Quoting albchr
{quote} Relax brother, this ain't falling (anywhere far) yet. Hell I closed my 6891 short for +14.4 before FOMC because no "noise" is changing the charts right now. If you did close out, PLEASE don't start shorting yet.


after this i need a break from trading..loss is too big and i need to come to terms with it (4.8k)
  • #374,606
  • Apr 30, 2014 2:43pm Apr 30, 2014 2:43pm
Quoting albchr
{quote} {quote} Yeah, after all this time and so close to the top where a turn is far more likely now? Hey maybe I'm 100% wrong but I'd need to see a screen shot of the losses to believe this completely. If he did, I wish him the best in making back. I know he can. If he didn't, I wouldn't blame him for saying he did just to calm the talk here. Either way, I've always felt Nav to be like a brother and I wish him only the very best!
@nAVIN2007:

Please read post

Thursday, May 17, 2012 at 9:52am Eastern
http://www.forexfactory.com/showthre...05#post5678305


Your REAL Friend,
HDA
  • #374,607
  • Apr 30, 2014 2:43pm Apr 30, 2014 2:43pm
Quoting elbert3
it tried to get back,,, on the number 6888 resistance ,, navin tell me your joking
i bet it is hard to go long now as your mind is all over the place, best to do is close your laptop for a week or so,or you will torture yourself.turn off mate and forget it for a while do some thinking reading ,,all the best E
  • #374,608
  • Apr 30, 2014 2:44pm Apr 30, 2014 2:44pm
Quoting albchr
{quote} {quote} Yeah, after all this time and so close to the top where a turn is far more likely now? Hey maybe I'm 100% wrong but I'd need to see a screen shot of the losses to believe this completely. If he did, I wish him the best in making back. I know he can. If he didn't, I would blame him for saying he did just to calm the talk here. Either way, I've always felt Nav to be like a brother and I wish him only the very best!
He is the one who always comforts everyone in need : a true brother.
Don't be smart. Be rich.
  • #374,609
  • Apr 30, 2014 2:45pm Apr 30, 2014 2:45pm
Quoting nAVIN2007
{quote} after this i need a break from trading..loss is too big and i need to come to terms with it (4.8k)
you know what i told you,,my loss 6k in 2 weeks ??did not trade for year and half gl x
  • #374,610
  • Apr 30, 2014 2:49pm Apr 30, 2014 2:49pm
Quoting nAVIN2007
{quote} after this i need a break from trading..loss is too big and i need to come to terms with it (4.8k)
I agree brother. The good news is, you can relax now. Breath and regroup. Take PLENTY of time to do so. This market will be here when/if you should decide to come back. Navin, you KNOW my story. You know this is my last best chance at surviving. Since coming back roughly 3 weeks ago I've done EVERYTHING wrong in my "trade management". My calls and direction have been good but that's less than 50% of the mission. I'm down over 27% in 20 days.

I feel your pain man and know what "healing time" means. Always here for you bro. In the threads, in my corner, on PM. Anytime my brother.
Ghost Rider - WWTBMD?
  • #374,611
  • Apr 30, 2014 2:49pm Apr 30, 2014 2:49pm
Quoting nAVIN2007
{quote} 1.5349 it was a hedge against my longs to 1.59..the 2 monthly pins on the monthly confused the hell out me..in the end i choose short as the favored direction long term..big mistake
Wow, that's a long way away. I given up on longer term trading a while ago. Are you currently in any other positions?
  • #374,612
  • Apr 30, 2014 2:49pm Apr 30, 2014 2:49pm
Quoting nAVIN2007
unbelievable now it starts to fall ..the piece of crap
Have a question for u
Would u have held the position for this long if u were on the other side (If u were winning)
A good trader follows his rules, but great trader knows when to break them
  • #374,613
  • Apr 30, 2014 2:53pm Apr 30, 2014 2:53pm
Quoting pbtec
I think at these levels risk/reward clearly favours the short side. In the medium term this should retrace back to 1.65 at least.
With 90% correlation with EU
EU is expected to be around 1.35 next quarter which will bring GU down.I have 5 orders in DD on GU but they are not big orders.My focus is on Euro where EZ is really hurting.
Expect something from Draghi soon if Euro does not tank.

Please read these articles

German Inflation Misses Estimates as ECB Pressure Mounts

Draghi Says ECB Is Open to Asset Purchases to Battle Low Inflation

RANKFURT—European Central Bank President Mario Draghi said on Thursday that the institution is open to broad-based purchases of assets if consumer-price growth weakens to the point of threatening the euro zone's fledgling recovery.
In a speech in Amsterdam, Mr. Draghi also warned that a higher euro exchange rate could derail the euro zone's recovery.
Though the exchange rate isn't a policy target for the ECB, he said, "a rise in the exchange rate, all else being equal, implies a tightening of monetary conditions, a downward impact on inflation and potentially a threat to the ongoing recovery." The positive effects in reducing long-term interest rates also must be considered, he said.
In trading, you have to be defensive and aggressive at the same time
  • #374,614
  • Apr 30, 2014 2:54pm Apr 30, 2014 2:54pm
Quoting HDA
{quote} @nAVIN2007: Please read post Thursday, May 17, 2012 at 9:52am Eastern http://www.forexfactory.com/showthre...05#post5678305 Your REAL Friend, HDA
OMG HDA you pushed a trader to accept a big loss that he cant probably afford . someone is going to sell a kidney to trade again.
Get Rich or Die Tryin
  • #374,615
  • Apr 30, 2014 2:54pm Apr 30, 2014 2:54pm
Quoting albchr
{quote} {quote} Yeah, after all this time and so close to the top where a turn is far more likely now? Hey maybe I'm 100% wrong but I'd need to see a screen shot of the losses to believe this completely. If he did, I wish him the best in making back. I know he can. If he didn't, I wouldn't blame him for saying he did just to calm the talk here. Either way, I've always felt Nav to be like a brother and I wish him only the very best!

chris u know me to well ..
cant fool u, u right i didnt close..not when i think this is the top haha

thanks for the love bro
dont worry u will make plenty of money, we both will god willing
  • #374,616
  • Apr 30, 2014 2:57pm Apr 30, 2014 2:57pm
Quoting ill_be_back
{quote} Have a question for u Would u have held the position for this long if u were on the other side (If u were winning)
yeah i generally do hold last trade i did was 1.48 to 1.59 long
but this market has me guessing i wont lie..if i was day trading id have lost a packet..swing trading is the safer option for me..
  • #374,617
  • Apr 30, 2014 2:57pm Apr 30, 2014 2:57pm
To NAV

I don't care what HDA says with yellow highlights.I think it was wrong pressuring you.

Nobody should pressure anyone in trading.
Decision is yours and yours only.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #374,618
  • Apr 30, 2014 2:58pm Apr 30, 2014 2:58pm
Quoting albchr
{quote} I agree brother. The good news is, you can relax now. Breath and regroup. Take PLENTY of time to do so. This market will be here when/if you should decide to come back. Navin, you KNOW my story. You know this is my last best chance at surviving. Since coming back roughly 3 weeks ago I've done EVERYTHING wrong in my "trade management". My calls and direction have been good but that's less than 50% of the mission. I'm down over 27% in 20 days. I feel your pain man and know what "healing time" means. Always here for you bro. In the threads,...
  • #374,619
  • Apr 30, 2014 2:59pm Apr 30, 2014 2:59pm
Quoting nAVIN2007
{quote} chris u know me to well .. cant fool u, u right i didnt close..not when i think this is the top haha thanks for the love bro dont worry u will make plenty of money, we both will god willing
shit. you cannot fool me either. lol.

at least hold part of the positions, and use the rest to rinse and repeat
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #374,620
  • Apr 30, 2014 3:00pm Apr 30, 2014 3:00pm
Quoting nAVIN2007
{quote} chris u know me to well .. cant fool u, u right i didnt close..not when i think this is the top haha thanks for the love bro dont worry u will make plenty of money, we both will god willing
You FOOK!!! I KNEW it and just made a complete fool of myself! CHUMP! ....

Even just made a "I feel so sorry for my buddy Nav" in my corner!! God we soft hearts like me are so gullible sometimes!!
Ghost Rider - WWTBMD?
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