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Cable Update (GBPUSD)

  • #397,261
  • Sep 8, 2014 1:04am Sep 8, 2014 1:04am
hda would have been better to say he closed ,than continue to say his unlimited account sucks up huge orders long ,until he wins
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #397,262
  • Sep 8, 2014 1:05am Sep 8, 2014 1:05am
Quoting Carlicus
{quote} But what matters is the average position, isn't it? He may have a long from 1.6735 but if the average is 1.65866 then he has to have very good entries below 1.6586
@Carlicus:

Please read between the lines. I was trying to put it as delicately as posible. The long at 1.6734 is no more and as it relates to average price, that is relative.

Please remember you can add lower but by how much, double, triple, or the same as your first entry. It's all relative.

Take for example Forex Factory Member TauTrader - his trading style is to double up and triple up when it goes against him - that is a no no - he has literally wiped out his demo account that he grew to US$300,000.00 plus

His account now stands at US$12,997.00
http://www.forexfactory.com/tautrader#73


So averaging is relative based on how you choose to average

HDA OUT
he has told the thread ,,
  • #397,263
  • Sep 8, 2014 1:05am Sep 8, 2014 1:05am
Hi everyone,

just want to share my position of GU today ... happy pipping to all
Attached Image (click to enlarge)
Click to Enlarge Name: buyGU.jpg Size: 120 KB
  • #397,264
  • Sep 8, 2014 1:08am Sep 8, 2014 1:08am
reading that ,it make the traders who did not read his posts now look foolish, would you not say ,, you can post now HDA ,, MR CRYPTIC,, REGARDS E
  • #397,265
  • Sep 8, 2014 1:09am Sep 8, 2014 1:09am
Quoting pips777
FYI = http://www.forexpeacearmy.com/forex-...ading-gbp.html
Hence my post 12 hours ago in my corner. ...
Ghost Rider - WWTBMD?
  • #397,266
  • Sep 8, 2014 1:16am Sep 8, 2014 1:16am
Quoting albchr
{quote} hence my post 12 hours ago in my corner. ...
nice bit of reading that chris ..
  • #397,267
  • Sep 8, 2014 1:16am Sep 8, 2014 1:16am
might try for a long now
  • #397,268
  • Sep 8, 2014 1:17am Sep 8, 2014 1:17am
Forming a head and shouder?
Try don't lose pants never...
  • #397,269
  • Sep 8, 2014 1:18am Sep 8, 2014 1:18am
Quoting elbert3
reading that ,it make the traders who did not read his posts now look foolish, would you not say ,, you can post now HDA ,, MR CRYPTIC,, REGARDS E
He said 1.6734 is no more, but 1.6720 still is, the only difference is, that now the price has to go even higher for him to BE, at least. I don't see the logic to close one long because its 14 pips higher and let the other run into a 500-600 pip drawdown, thats probably even worse than letting them both run. It seems he is doing things randomly, seriously.
Everyone can see the chart, but only a few can actually read it.
  • #397,270
  • Sep 8, 2014 1:18am Sep 8, 2014 1:18am
Quoting ill_be_back
{quote} I am OUT all My SHORT for Now, Will Enter From Higher UP
Quoting cspip
{quote} I think the bounce will be at 1.6145 / 40............(Not 'the' bounce, but a bounce nonetheless...)
Lets see if we can get some sort of bounce..............

.
  • #397,271
  • Sep 8, 2014 1:19am Sep 8, 2014 1:19am
Quoting cspip
might try for a long now
Shorted & OUT again Now Waiting

Quoting ill_be_back
{quote} With You SHORT GU 1.62204 GJ 170.612 EJ 136.237
A good trader follows his rules, but great trader knows when to break them
  • #397,272
  • Sep 8, 2014 1:21am Sep 8, 2014 1:21am
Quoting Bones
hda would have been better to say he closed ,than continue to say his unlimited account sucks up huge orders long ,until he wins

in this market any red can go green and any green can go red but the issue is when and how much patience can you have...a trader who never post a chart and only take trade from high and low..who says those high and low are the rock of gereko..
my trade is taking from daily and weekly chart nothing more and nothing less if it go against me i will look for other trade why stucking into lossing trade when others are moving...
you know what every trader is a hero on ff it there live account that make them super hero..
MY OPINION NOT FINANCIAL ADVISE
  • #397,273
  • Sep 8, 2014 1:23am Sep 8, 2014 1:23am
Quoting Ill-b-back
{quote} It would be good, logical and consistent with his prior open, transparent presence in here before things went "south"
But if you read his plan and understood it, you'd know that unless he felt like posting any "additional long trades", there really isn't anything more for him to say. Other than "Please quote my plan". The answer is there folks.

Yes, like myself and several others here he expected an up move sooner than this. But "south" was not only what he expected as possible, If we all "remember" some of his lasts posts he was saying "Come on people SELL SELL SELL". Rather odd for someone holding longs UNLESS it's part of the plan .... no?

Again, just to be crystal clear here. I'm neither for or against him or his plan. I simply understand it.

Anyway now I REALLY have get moving here. GOSH!! I'm so bad!
Ghost Rider - WWTBMD?
  • #397,274
  • Sep 8, 2014 1:27am Sep 8, 2014 1:27am
Quoting hoom
a retrace to 6230/40 levels is not out of reach in such a thin market . that would be a good short entry with SL just above the broken 6250 level .
good morning ,
retrace and sell level worked perfectly , my PO @6238 didn't activate , I had one short taken maually @ my first sell level 6230 , closed @3180 .
I am going to set up the plan for the day , but keep it tight with SL . 3145 was a good buy entry with SL @1.6134 (25 Nov low) . missed it .
Trade well .
Get Rich or Die Tryin
  • #397,275
  • Sep 8, 2014 1:30am Sep 8, 2014 1:30am
Quoting elbert3
Quoting Carlicus {quote} But what matters is the average position, isn't it? He may have a long from 1.6735 but if the average is 1.65866 then he has to have very good entries below 1.6586 @Carlicus: Please read between the lines. I was trying to put it as delicately as posible. The long at 1.6734 is no more and as it relates to average price, that is relative. Please remember you can add lower but by how much, double, triple, or the...
Love ya like a brother Billy but, you are in error here. The above in RED is referring to a trade of mine, not his.

I need to change my name to Online Addicted because I can't seem to leave here even with all the work I have to do in such a short time. ... LOL

Bye folks.
Ghost Rider - WWTBMD?
  • #397,276
  • Sep 8, 2014 1:31am Sep 8, 2014 1:31am
"500 PPAA - A different Perspective of the Market"

Traders who really want to understand the cable should search for my post in November 2013 with the above title. Study the charts in the post under reference and monitor the cable for the next 1-2 years to have a fresh perspective about long-term (stress-free) trading.

If a trader cannot think long-term, he doesn't have a chance of survival in this ruthless market. A word is enough for the wise!



Quoting Articulate
500 PPAA - A different perspective of the Market I find it pitiable when I see most traders getting excited in situations where price has not moved by at least 500 pips. To be successful in this business, a trader needs to change his perspective. Don't get interested in GBPUSD if price has not moved by at least 500 pips. Look at the monthly, weekly, daily and even H4 charts for GBPUSD and begin to consider the market from a different perspective. I can't help but occasionally share my ideas when I see traders roaming around aimlessly on some of...
  • #397,277
  • Sep 8, 2014 1:32am Sep 8, 2014 1:32am
Quoting albchr
{quote} But if you read his plan and understood it, you'd know that unless he felt like posting any "additional long trades", there really isn't anything more for him to say. Other than "Please quote my plan". The answer is there folks. Yes, like myself and several others here he expected an up move sooner than this. But "south" was not only what he expected as possible, If we all "remember" some of his lasts posts he was saying "Come on people SELL SELL SELL". Rather odd for someone holding longs UNLESS it's part of the plan...
That was when from 1.6720 (his first entry) it went to 1.6550 and then to 1.6620 or something.............what else could he do but say things like sell, sell, sell?

now at 1.6145.........not saying is he ?
  • #397,278
  • Sep 8, 2014 1:33am Sep 8, 2014 1:33am
Quoting Bones
hda would have been better to say he closed ,than continue to say his unlimited account sucks up huge orders long ,until he wins
Hi Bones

Not to say that it is not possible for him cos I am doing just that at a smaller scale compare to him and I am still surviving. This is to say that it is possible. Wouldn't said that his is an unlimited account but the percentage involved in the trade is how he managed it. Said if you only trade 1000 units with a $1000 account, you will still survive. Of course his capital numbers is secret just like mine.

No offense towards you here, just a view of mine.
  • #397,279
  • Sep 8, 2014 1:33am Sep 8, 2014 1:33am
Quoting albchr
{quote} But if you read his plan and understood it, you'd know that unless he felt like posting any "additional long trades", there really isn't anything more for him to say. Other than "Please quote my plan". The answer is there folks. Yes, like myself and several others here he expected an up move sooner than this. But "south" was not only what he expected as possible, If we all "remember" some of his lasts posts he was saying "Come on people SELL SELL SELL". Rather odd for someone holding longs UNLESS it's part of the plan .... no? Again,...

no short no long..only if you are scalping..why shorting into support? waiting for a buy at current price or even buy at lower price..to go short will require a daily close below last week low.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 62 KB
MY OPINION NOT FINANCIAL ADVISE
  • #397,280
  • Sep 8, 2014 1:39am Sep 8, 2014 1:39am
LONG GJ 169.909
A good trader follows his rules, but great trader knows when to break them
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