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Cable Update (GBPUSD)

  • #392,021
  • Aug 7, 2014 9:26pm Aug 7, 2014 9:26pm
Quoting sami4240
{quote} is there any chance of cable to move up after finishing the down trend in next 1 week or two? any chart or reversal chances from 6750-30 ?
For LONG TERM longs, it may even go below 64, personally, I have had a number on my charts for many weeks, or even months and its 6370. But it might reverse much higher...65, 6650, 6750, who knows...6370 I would long with a lot confidence.
Everyone can see the chart, but only a few can actually read it.
  • #392,022
  • Aug 7, 2014 9:27pm Aug 7, 2014 9:27pm
Quoting eliasahmar
{quote} exactly! for me GU is a bit crazy comparing to EU speaking about EU it seems that it started to fly hahaha
Whats your target on EU? I will probably close at 3367(if we get there) and try a short from there into EU session, to go long lower again.
Everyone can see the chart, but only a few can actually read it.
  • #392,023
  • Aug 7, 2014 9:30pm Aug 7, 2014 9:30pm
Just reading the first few page like this already open up one's person thoughts.
Attached Image (click to enlarge)
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  • #392,024
  • Aug 7, 2014 9:31pm Aug 7, 2014 9:31pm
Quoting sami4240
{quote} it is not an easy task to overcome of bad habbit. well done if yoou have done this job..
@sami4240:

This is why when everyone is buying and I say, I remain short, (everyone will think, HDA is crazy) and then slowly as time passes by, they begin to see the move.

I do this with so much confidence, because I've overcome the emotional side to trading. I've over come the psychology and just focus on the facts. I never tell myself to expect a retrace, I wait for the facts that say, a retrace is occuring and then I trade it.

I never trying to get in before, I try to get in when it is confirmed to do so.

So there is never the reasoning of, I THINK, I FEEL, I HOPE or its heavily oversold or heavily over bought etc etc

I just trade the facts

But again, I am no GURU.


HDA OUT
  • #392,025
  • Aug 7, 2014 9:35pm Aug 7, 2014 9:35pm
Quoting OnlineAddict
{quote} Whats your target on EU? I will probably close at 3367(if we get there) and try a short from there into EU session, to go long lower again.
.3420 maybe a bit far but based on my chart it's 25% fibo level so i will give it a try, but let's see how the market reacts to all these Russian-European sanctions war and Obama's decision (few hours ago) to start airstrikes in Iraq... it might have a negative affect on euro... will see when London market opens
  • #392,026
  • Aug 7, 2014 9:37pm Aug 7, 2014 9:37pm
Quoting Anti_Losses
Just reading the first few page like this already open up one's person thoughts.{image}
  • #392,027
  • Aug 7, 2014 9:38pm Aug 7, 2014 9:38pm
Quoting Anti_Losses
Just reading the first few page like this already open up one's person thoughts.{image}
would you please give us the link bro?
  • #392,028
  • Aug 7, 2014 9:38pm Aug 7, 2014 9:38pm
Quoting eliasahmar
{quote} .3420 maybe a bit far but based on my chart it's 25% fibo level so i will give it a try, but let's see how the market reacts to all these Russian-European sanctions war and Obama's decision (few hours ago) to start airstrikes in Iraq... it might have a negative affect on euro... will see when London market opens
I have a similar number, I set my TP to 3425, but I would love to reload one more time from 333x, or possibly 3325.
Everyone can see the chart, but only a few can actually read it.
  • #392,029
  • Aug 7, 2014 9:41pm Aug 7, 2014 9:41pm
Quoting OnlineAddict
{quote} I have a similar number, I set my TP to 3425, but I would love to reload one more time from 333x, or possibly 3325.
will reload it together then (if we get there)
  • #392,030
  • Aug 7, 2014 9:44pm Aug 7, 2014 9:44pm
Quoting eliasahmar
{quote} will reload it together then (if we get there)
Lets see if USDX can hold above 81.50, if not, then shorts might be done for the day.
Everyone can see the chart, but only a few can actually read it.
  • #392,031
  • Aug 7, 2014 9:46pm Aug 7, 2014 9:46pm
Quoting HDA
{quote} @sami4240: This is why when everyone is buying and I say, I remain short, (everyone will think, HDA is crazy) and then slowly as time passes by, they begin to see the move. I do this with so much confidence, because I've overcome the emotional side to trading. I've over come the psychology and just focus on the facts. I never tell myself to expect a retrace, I wait for the facts that say, a retrace is occuring and then I trade it. I never trying to get in before, I try to get in when it is confirmed to do so. So there is never the reasoning...
I have look at charts and think through before entering a trade and set Take Profit (TP). Looking at the price movement up and down, weaken my resolve to stick to my set TP during the early part of my trading that was in early 2012. It causes so much lost profits. But your constant re-assurance follow by the recommendation of that book reduce that bad habit of mine. My profits starts to grow cos I started to increase my percentage of sticking to my planned TP. I still have that problem but compare now and then it is really a remarkable difference.
Constant re-read the book remind me time and time again which helps me to stick to plan more often than before.
For those who read this post, I am definitely NOT the author promoting the book...
  • #392,032
  • Aug 7, 2014 9:50pm Aug 7, 2014 9:50pm
Waiting for 6827 on cable, for a possible short.
Everyone can see the chart, but only a few can actually read it.
  • #392,033
  • Aug 7, 2014 9:55pm Aug 7, 2014 9:55pm
@HDA sent you PM.
  • #392,034
  • Aug 7, 2014 9:55pm Aug 7, 2014 9:55pm
Quoting eliasahmar
{quote} would you please give us the link bro?
"The Four Agreements"
You can buy it from Amazon.
  • #392,035
  • Aug 7, 2014 9:56pm Aug 7, 2014 9:56pm
Quoting Anti_Losses
{quote} I have look at charts and think through before entering a trade and set Take Profit (TP). Looking at the price movement up and down, weaken my resolve to stick to my set TP during the early part of my trading that was in early 2012. It causes so much lost profits. But your constant re-assurance follow by the recommendation of that book reduce that bad habit of mine. My profits starts to grow cos I started to increase my percentage of sticking to my planned TP. I still have that problem but compare now and then it is really...

@Anti_Losses:



I swear - you just brought tears to my eyes.

I know your challenge all too well. I went through that phase and it was painful. I wanted to give up at one point. I lost so much money, blew up so many accounts. I was just throwing away money, account after account, many nights my wife would hold me and say, you will get through this.

And this is why, she hates that I spend so much time sharing, because she was there for me through my struggle.

So I honor her by respecting her commitment to me during my earlier trading years by spending all the time in the world she requires of me with her. So this is why I hardly post.

Hang in there, don't give up.

HDA OUT
  • #392,036
  • Aug 7, 2014 9:59pm Aug 7, 2014 9:59pm
Quoting Anti_Losses
{quote} "The Four Agreements" You can buy it from Amazon.
and you wanna tell me that you bought it? lol
i'm reading it now anyway
  • #392,037
  • Aug 7, 2014 10:04pm Aug 7, 2014 10:04pm
Quoting eliasahmar
{quote} and you wanna tell me that you bought it? lol i'm reading it now anyway
Ha ha ha...
But it will be good to have a hard copy so that you can also read it without turning on your computer.
  • #392,038
  • Aug 7, 2014 10:13pm Aug 7, 2014 10:13pm
Quoting Anti_Losses
{quote} Ha ha ha... But it will be good to have a hard copy so that you can also read it without turning on your computer.
so next time when someone asks you for some link, send him the FREE DOWNLOAD link, not "buy it from Amazon" link
  • #392,039
  • Aug 7, 2014 10:14pm Aug 7, 2014 10:14pm
81.50 is holding...3365 is holding...closed my EU longs, will wait for lower to long again, probably during early EU session.
Everyone can see the chart, but only a few can actually read it.
  • #392,040
  • Aug 7, 2014 10:14pm Aug 7, 2014 10:14pm
Quoting HDA
{quote} @Anti_Losses: I swear - you just brought tears to my eyes. I know your challenge all too well. I went through that phase and it was painful. I wanted to give up at one point. I lost so much money, blew up so many accounts. I was just throwing away money, account after account, many nights my wife would hold me and say, you will get through this. And this is why, she hates that I spend so much time sharing, because she was there for me through my struggle. So I honor her by respecting her commitment to me during my earlier trading...
Yes... A woman like your wife is really your fortune. It is because of her encouragement that you are where you are today. So by spending more time with her whenever she needs it, is the best you can do to show your appreciation.
I see a number of my friends' wife is definitely not the kind that your wife display towards you.

I remember when I told my wife I am going full time for this, she only told me this "Don't ask money from me, make sure you succeed"
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