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Cable Update (GBPUSD)

  • #394,461
  • Aug 22, 2014 3:10am Aug 22, 2014 3:10am
Quoting elbert3
{quote} ah morning Sir,,i have just been to your internet home ??? knocked but no answer ??? so i posted the same post on your door ,,but i find you out walking around to here,,nice to see you,,lol regards Billy
Morning Billy, I was out late last night and haven't been home yet. Now just wondering around aimlessly from exhaustion. I suppose I best find my way back and answer the messages left ... eh? I need a good Cup-O-Jo anyway.
Ghost Rider - WWTBMD?
  • #394,462
  • Aug 22, 2014 3:31am Aug 22, 2014 3:31am
6591 and 6635 res to move up might be hard to break the 6600 ??
  • #394,463
  • Aug 22, 2014 3:31am Aug 22, 2014 3:31am
Quoting albchr
{quote} Morning Billy, I was out late last night and haven't been home yet. Now just wondering around aimlessly from exhaustion. I suppose I best find my way back and answer the messages left ... eh? I need a good Cup-O-Jo anyway.
i hope it was with some lady ??? mmmmmmmmmm
  • #394,464
  • Aug 22, 2014 3:52am Aug 22, 2014 3:52am
Good morning everyone

Im a new trader and I was wondering why G/U isn't dropping even though the news greatly favors it doing so?
  • #394,465
  • Aug 22, 2014 3:56am Aug 22, 2014 3:56am
Quoting Ken A
{quote} Oh this great trader back in 2013 was publicly addressing FF members and guests on EURUSD thread to hold short targeting 1.3080 (options barrier) or something like that ....... then it shoot up to 1.3993x ......... as of this post the rate is at 1.32766 .......... He never posted on that thread anymore ............. May god bless the souls of the followers of this great trader ............. Amin
You don't have enough PATIENCE! Or not enough MARGIN!!!!
Fix up, trade sharp ...
  • #394,466
  • Aug 22, 2014 3:58am Aug 22, 2014 3:58am
Quoting Ken A
{quote} Oh you should never take my post seriously because I don't have my trade explorer shown to the public ...... (and no, it's not because of my account is so large don't have MT4 version Also you don't know if I am posting from mental institution with imaginary wife and kids, imaginary private islands, imaginary private jet complete with the ground crews at my backyard strip .......... You also don't know if my institution account not less than $ billion scalping for fun ........... is imaginary ..... Never take my post seriously ..............

The market makes most of us delusional at times… it is not until you have completely mastered yourself, then that doesn't happen. You seem be on that path of self mastery.

One thing I'm sick of hearing is people swearing by their indicators or their templates and bla bla. That is where some massive delusion comes in.
  • #394,467
  • Aug 22, 2014 4:02am Aug 22, 2014 4:02am
Quoting elbert3
{quote} i hope it was with some lady ??? mmmmmmmmmm
LOL ... If it was, I'll never tell.
Ghost Rider - WWTBMD?
  • #394,468
  • Aug 22, 2014 4:05am Aug 22, 2014 4:05am
Cable looking very weak, even in this range ... hard to break 1.66. Could be two hammers forming on daily though? Do not really care any longer, I am out to reconsider fresh entries on very low margin. Until then, I remain SHORT lol
Fix up, trade sharp ...
  • #394,469
  • Aug 22, 2014 4:15am Aug 22, 2014 4:15am
Quoting Ck87
{quote} The market makes most of us delusional at times… it is not until you have completely mastered yourself, then that doesn't happen. You seem be on that path of self mastery. One thing I'm sick of hearing is people swearing by their indicators or their templates and bla bla. That is where some massive delusion comes in.
Yes, I am convinced this is key. Self mastery. Any time I take losses and think about it, the main reason were psychological reasons/lack of discipline for following own trading principles. This is the real challenge, not to find the best holy grail trading method.

Btw, played some micro stakes sessions again. In one I was 5 stacks up, the other one 5 stacks down. Are these swings normal at the micros? A lot of people call with any two and even top set with Jacks was sucked out as the river brought a 2, making it a full house for villain LOL Any tips how to play this if people open limp or minraise or call or donk all kinds of hands and the opponent's range is kind of ... unpredictable?
Fix up, trade sharp ...
  • #394,470
  • Aug 22, 2014 4:26am Aug 22, 2014 4:26am
Quoting Hickson
{quote} Yes, I am convinced this is key. Self mastery. Any time I take losses and think about it, the main reason were psychological reasons/lack of discipline for following own trading principles. This is the real challenge, not to find the best holy grail trading method. Btw, played some micro stakes sessions again. In one I was 5 stacks up, the other one 5 stacks down. Are these swings normal at the micros? A lot of people call with any two and even top set with Jacks was sucked out as the river brought a 2, making it a full house for villain...

Sounds like normal variance in any game. But variance will be higher vs players like those in lower stakes. Best advice I could give is to be really solid and pretty much always have it.

For me it's always a lot easier to be more creative and make more bluffs vs players who are capable rather than vs a guy who is basically completely retarded. Vs the weaker players I usually like to have the goods.
  • #394,471
  • Aug 22, 2014 4:35am Aug 22, 2014 4:35am
Quoting Ck87
{quote} Sounds like normal variance in any game. But variance will be higher vs players like those in lower stakes. Best advice I could give is to be really solid and pretty much always have it. For me it's always a lot easier to be more creative and make more bluffs vs players who are capable rather than vs a guy who is basically completely retarded. Vs the weaker players I usually like to have the goods.
Yes, I noticed that they will almost never fold, unless the board is something like Jd Kc Ah and you keep betting every street with aces and they have nothing. Speculative hands seem to be almost unplayable because they call with any crap. Players at your games are thinking, so they fold much more. A donk bet on the river is almost always the nuts at the micros - only callable in most cases if there is nothing that can beat you.

Ok, back to trading, otherwise they will toss us out haha
Fix up, trade sharp ...
  • #394,472
  • Aug 22, 2014 4:37am Aug 22, 2014 4:37am
Will Yellen do any damage to GU today?
  • #394,473
  • Aug 22, 2014 4:40am Aug 22, 2014 4:40am
Quoting Hickson
{quote} Yes, I am convinced this is key. Self mastery. Any time I take losses and think about it, the main reason were psychological reasons/lack of discipline for following own trading principles. This is the real challenge, not to find the best holy grail trading method. Btw, played some micro stakes sessions again. In one I was 5 stacks up, the other one 5 stacks down. Are these swings normal at the micros? A lot of people call with any two and even top set with Jacks was sucked out as the river brought a 2, making it a full house for villain...

Mastering the use of the stop loss is something I have to work on. I hate using a stop loss because it almost always gets hit, but without it you're in big trouble. I had some sort of idea a while ago that instead of doing a trade with a stop loss, I would think ahead where I would put my stop loss and instead use a sell/buy limit order at that area as my entry rather than a spot where I'd be taken out. Sort of a reverse psychology type of thing but not sensible if the area is a spot where the market is now breaking out in a certain direction away from your original trade plan -- which is where our stops are really supposed to be placed -- Areas that make the original plan defunct.

Also before getting into a trade, assuming the worst that it will be a losing trade. That seemed to work best for me, as stupid and self defeating as it may sound. It helps to force me into having good MM.
  • #394,474
  • Aug 22, 2014 4:47am Aug 22, 2014 4:47am
Quoting Hickson
{quote} Yes, I noticed that they will almost never fold, unless the board is something like Jd Kc Ah and you keep betting every street with aces and they have nothing. Speculative hands seem to be almost unplayable because they call with any crap. Players at your games are thinking, so they fold much more. A donk bet on the river is almost always the nuts at the micros - only callable in most cases if there is nothing that can beat you. Ok, back to trading, otherwise they will toss us out haha
Morning ,, i like to read the type of posts the both of you write i can get a picture of the mind set you have ,so for me carry on it is good to air views thats what a thread is for ,not just calling trades but opinions and thoughts,it is all a part of trading, also knowing the pair that you trade and their characteristics, ie gbpusd, moves different to gbjy,, if i trade gold that does not show me the same movement i expect when using emas as gbusd does ,,and so on.
so carry on ,,lol regards E
  • #394,475
  • Aug 22, 2014 4:52am Aug 22, 2014 4:52am
Quoting kweiss10
Will Yellen do any damage to GU today?

Seeing dollar weakness coming from here for a little bit.

Amazingly enough somehow more people are going short on EU since the lows? hahaha. The majority never cease to stop amazing me.

Was about 51% short going to the lows I think. Usually a decent sign although just a few % right now.
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  • #394,476
  • Aug 22, 2014 4:56am Aug 22, 2014 4:56am
Quoting elbert3
Lets see what we have got ,, 1. the one hour chart now has 2 doji formed candles 2. green news from the USA, no move down on the news announcement below that days low ??? 3.pivot has been broken 582 and price has tried to come back below and at this time is being rejected and moving up,, note could still try??. 4.7/2 vote on the bank of E rate investors moved in and i think,,,think the price was factored in hence no move down on the USA news 5. profit taking after a looooonnng run down.. 6. look left on the high tc,some support Mr Scott i hope you...
Good morning,

Yes, I see 1.65637 to the left.

As for why not, I would say you have two 6's. Either you are half in the bag or can't count, so much like HDA, I can not follow you.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #394,477
  • Aug 22, 2014 4:58am Aug 22, 2014 4:58am
For me price go down again...
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Try don't lose pants never...
  • #394,478
  • Aug 22, 2014 5:00am Aug 22, 2014 5:00am
1.65843 Short entry trigger possible on the GU for 11 pip target.. Will probably pass though. nothing really looking too inviting , may be done for the week
  • #394,479
  • Aug 22, 2014 5:07am Aug 22, 2014 5:07am
Quoting Ck87
{quote} The market makes most of us delusional at times…
  • #394,480
  • Aug 22, 2014 5:10am Aug 22, 2014 5:10am
Quoting elbert3
{quote} Morning ,, i like to read the type of posts the both of you write i can get a picture of the mind set you have ,so for me carry on it is good to air views thats what a thread is for ,not just calling trades but opinions and thoughts,it is all a part of trading, also knowing the pair that you trade and their characteristics, ie gbpusd, moves different to gbjy,, if i trade gold that does not show me the same movement i expect when using emas as gbusd does ,,and so on. so carry on ,,lol regards E
Hi Billy, I know that my posts give a good laugh most of the times. Let's see what happens.

Hickson OUT!
Fix up, trade sharp ...
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