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Cable Update (GBPUSD)

  • #383,601
  • Jun 25, 2014 3:54am Jun 25, 2014 3:54am
Quoting Hickson
{quote} What is more sensible about risking more per pip?

that depends on how much balls you have. I trade 2 dollars/pip and these occasional 30 pip bounces don't bother me at all.
  • #383,602
  • Jun 25, 2014 3:55am Jun 25, 2014 3:55am
Quoting Ck87
Good ole GBP jumping up 30 pips real fast
go and google for short squeeze. markets simply didn't find enough sellers and decided to play some tricks
  • #383,603
  • Jun 25, 2014 3:56am Jun 25, 2014 3:56am
Quoting Hickson
{quote} What is more sensible about risking more per pip?
All depends on account size. Percentage is all that matters. But then, you know that. Apparently, some do not?
Ghost Rider - WWTBMD?
  • #383,604
  • Jun 25, 2014 3:57am Jun 25, 2014 3:57am
Quoting giveachance
{quote} that depends on how much balls you have. I trade 2 dollars/pip and these occasional 30 pip bounces don't bother me at all.
I think it mostly depends on how big your account is or how stupid you are or how much of a gambler you are. Three different possibilties. Balls sounds like gambling, seems legit but is no trading.
Fix up, trade sharp ...
  • #383,605
  • Jun 25, 2014 3:59am Jun 25, 2014 3:59am
Quoting Ck87
Good ole GBP jumping up 30 pips real fast
Testing daily open.
Ghost Rider - WWTBMD?
  • #383,606
  • Jun 25, 2014 4:00am Jun 25, 2014 4:00am
Quoting Hickson
{quote} I think it mostly depends on how big your account is or how stupid you are or how much of a gambler you are. Three different possibilties. Balls sounds like gambling, seems legit but is no trading.

no they don't. I depends on how comfortable or postive you think you are about the trade you took. this textbook language sounds good but in the end everyone who trades forex are eventually gamblers. what do you do when you take a position before fomc or draghi last week. you were gambling.
  • #383,607
  • Jun 25, 2014 4:04am Jun 25, 2014 4:04am
Hello GBP/US

When you see it move back up like that

Must be some buyers out there holding onto there longs
  • #383,608
  • Jun 25, 2014 4:12am Jun 25, 2014 4:12am
CBI awaited ???
  • #383,609
  • Jun 25, 2014 4:56am Jun 25, 2014 4:56am
In case CBI less than anticipated the cable will touch new low may be 1.6930.
  • #383,610
  • Jun 25, 2014 5:02am Jun 25, 2014 5:02am
Not that it matters to me but.... CBI... 4 from a forecasted 25? OUCH!!

The important numbers are yet to come.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 numbers.PNG Size: 5 KB
Ghost Rider - WWTBMD?
  • #383,611
  • Jun 25, 2014 5:09am Jun 25, 2014 5:09am
Quoting albchr
{quote} Good morning Billy. .... Noise I'm actually hoping it will reach up some. I'd like to scalp another short like yesterday. {image}
Didn't reach quite as high as I'd hoped but....oh well.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 68 KB
Ghost Rider - WWTBMD?
  • #383,612
  • Jun 25, 2014 5:11am Jun 25, 2014 5:11am
Quoting elbert3
{quote} 3 out at 60 but i think it might of been early the reason was this {image} but i will look to see where it is going total 94 ,, just popping out sell order 49 just in case it goes before i am back and the fib number was wrong,,???
not too bad a decision
still like short so viewing this with tight sl just in case

Trade confirmation
On 25-Jun-2014 at 10:09:42 (GMT)
You sold GBPUSD @ 1.69663 for value date 27-Jun-2014
Front office position id: 139411013
Account:
  • #383,613
  • Edited 5:29am Jun 25, 2014 5:13am | Edited 5:29am
Quoting Hickson
{quote} I think it mostly depends on how big your account is or how stupid you are or how much of a gambler you are. Three different possibilties. Balls sounds like gambling, seems legit but is no trading.

this is what every1 thinks who does not trade..my guess is u havent been trading very long?
Its a lot deeper than this..to trade and make money from it, the kind that gives u the sort of money where u do not depend on a job requires u to totally believe u can be successful ..this mean seeing things in a positive way when many would be negative

positive thoughts keep at bay fear..fear comes from trying to protect yourself which is not bad and needed but u need to find a balance where it does not turn into a negative but is positive (provide an action to give strength)

successful people are people that took a risk and it paid off because they were positive, whilst people around them may have thought, they were gambling! Life is a gamble, a game of chance which has provided consistancy because our actions are consistant on a day to day basis and it is this which removes the randomness out of our lives.
In my mind is trading much different really..its the same thing we do in life?
sometimes u just have to take a chance, and say f*ck it

edit:- First learn all u need to know to do this..stop when u are convinced u know enough to make money..then work on the pyscology aspect to be a success
  • #383,614
  • Jun 25, 2014 5:17am Jun 25, 2014 5:17am
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 106 KB
the preference would to entery below the emas but the 50 yellow seems to be holding the advance so sell sl 82 target again 905
  • #383,615
  • Jun 25, 2014 5:31am Jun 25, 2014 5:31am
Quoting elbert3
{image} the preference would to entery below the emas but the 50 yellow seems to be holding the advance so sell sl 82 target again 905
why would you long here?? i would long above 7010. not before that
  • #383,616
  • Jun 25, 2014 5:31am Jun 25, 2014 5:31am
Quoting nAVIN2007
{quote} this is what every1 thinks who does not trade..my guess is u havent been trading very long? Its a lot deeper than this..to trade and make money from it, the kind that gives u the sort of money where u do not depend on a job requires u to totally believe u can be successful ..this mean seeing things in a positive way when many would be negative positive thoughts keep at bay fear..fear comes from trying to protect yourself which is not bad and needed but u need to find a balance where it does not turn into a negative but is positive (provide...
  • #383,617
  • Jun 25, 2014 5:40am Jun 25, 2014 5:40am
Interesting conversations in here today.....eh Billy?
Gambling, luck, taking chances, risking amounts not tied to % of account, wishful thinking. Very interesting indeed. :nerd:
Ghost Rider - WWTBMD?
  • #383,618
  • Jun 25, 2014 5:50am Jun 25, 2014 5:50am
Quoting albchr
Interesting conversations in here today.....eh Billy? Gambling, luck, taking chances, risking amounts not tied to % of account, wishful thinking. Very interesting indeed. :nerd:
lol why did you put nerd on the end lol
  • #383,619
  • Jun 25, 2014 5:53am Jun 25, 2014 5:53am
A fair possibility that GBPUSD might have formed a short-term top near 1.7000 mark.
Would be more inclined to initiate short positions at current levels and would add to it if drops below 1.6950. Initially aiming for 1.6920 and 1.6900.
Additional downside moves could further be expected, if the pair decisively breaks and closes below 1.6900 mark.
  • #383,620
  • Jun 25, 2014 5:55am Jun 25, 2014 5:55am
Quoting giveachance
{quote} why would you long here?? i would long above 7010. not before that
Hi GC,, i am short but 950 could've been a buy level ,it was on a 61% extention,,we are looking at things from a short basics, because we are short, but on the same hand if we were long we would also see the same picture but in a long view , if that makes sense , its like one candle tells a tail many candles tell a story ?? so we have to be open minded in both directions , this could go back up for the reasons i just posted ..
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