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Cable Update (GBPUSD)

  • #429,541
  • Apr 26, 2016 9:49am Apr 26, 2016 9:49am
Quoting arasheed
{quote} HalBot Stick to your GOAL and follow your plan which you think is giving results.
Cheers arasheed
Don't Leave Money on the Table
  • #429,542
  • Apr 26, 2016 9:55am Apr 26, 2016 9:55am
Quoting andexQ
maybe this.. Daily {image}
Long on daily..
Attached Image (click to enlarge)
Click to Enlarge Name: `9.png Size: 19 KB
  • #429,543
  • Apr 26, 2016 9:57am Apr 26, 2016 9:57am
Quoting Don96
{quote} It can...

Do tell.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,544
  • Apr 26, 2016 10:00am Apr 26, 2016 10:00am
Quoting Magix
{quote} Do tell.
​short from x -100 pips, long at -100 with higher leverage and wait for positions to equal out
for example.
its not hard lol...
  • #429,545
  • Apr 26, 2016 10:01am Apr 26, 2016 10:01am
Quoting Don96
{quote} ​short from x -100 pips, long at -100 with higher leverage and wait for positions to equal out for example. its not hard lol...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,546
  • Apr 26, 2016 10:04am Apr 26, 2016 10:04am
Quoting dean1star
{quote} But if a somebody has to hedge a trade to get out of trouble then surely the results cannot be there on a daily basis as a credible system that is at the level which we all play at here with our high spread costs for the most part. 1. You have a system that makes 30 pips cool. 2 You have to hedge to get out of a bad trade. Summary the point of entry then was not correct if you have to hedge and when you un hedge the trade position your now taking has more scope to place you at an even greater loss as your un hedging to what - another 30...
Wise words dean1star, i'm not trying to develop a system to get 30 pips daily using hedging, however if technicals are showing you have entered a trade in the right direction yet there is a retrace what do you do? Sweat it out and hope your SL doesn't get hit or hedge the trade and take some profit on the retrace then some profit on your original trade?
I don't like hedging as I said before it adds layers of decision making into a trade and better to keep it simple
atm I don't have a system to make 30 pips a day guaranteed, but what i'm saying is I'm determined to do just that and see how it goes
I'm hitting the sack, it's 1am here in the land of OZ
Don't Leave Money on the Table
  • #429,547
  • Apr 26, 2016 10:05am Apr 26, 2016 10:05am
Quoting arasheed
{quote} I have tried a strategy, perhaps it is called Straddle, From the current Price I entered 5 trades of TP 5 Pips each Long and 5 Pips each Short down from current price, and I bagged collectively 237 p[ps{image}
i am shaking my head here - my mind says no - when i look at your chart with lagging indicators and the others all repainting and a list of sell trades but no buy positions showing on your terminal box, then for sure i am the first to say i am wrong - but if you hedge trades at the same time what is guiding you to unhedge them to make profit.
  • #429,548
  • Apr 26, 2016 10:05am Apr 26, 2016 10:05am
Quoting Magix
{quote}
...?
  • #429,549
  • Apr 26, 2016 10:06am Apr 26, 2016 10:06am
Not to always be picking on the same fella...but check this shit out.

Along with charts that have randomly drawn lines all over them, his trade logic is much the same.

Quoting Ill-b-back
{quote} I'm waiting at 4587 for first short
He has sat for 2 days waiting to short, and in fact, has shorted this bitch 2x in the last 2 days, this being the second one...

Quoting Ill-b-back
{quote} yep, I'm short. If we come back to 45 tomorrow, I'll consider a long to 47. Late here, off to bed
Go back through his charts, you will see his first short.

Anyways...

He was waiting until price made it to 4587 to short again.

Doesn't it beg the obvious questions:
1. If you know where price is going to, why not trade up to that point before playing your reversal?
2. If price went long to any point above your current short area, why the fuck would you assume that the market is short?
3. Now that you've lost 2x shorting the same pair, you are going to wait until we have hit a market threshold of movement before changing to the current direction?


I get it...we're all new, but if you ever want to break away from tripping dimes and losing dollars...this kinda logic won't get you there.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,550
  • Apr 26, 2016 10:08am Apr 26, 2016 10:08am
Quoting Don96
{quote} ...?
That's all I got.

Your statement is laughable on 2 grounds.
1. That's not a hedge, its a Nedge.
2. Let's see how much money you've made with this strategy.

If you want to spout bullshit just for the sake of spouting bullshit, well...this is a public forum and all, go ahead.

But in this, all you are doing is talking yourself into bad practices and looking like a moron.

And I guess, if this is what you'd set out to do...pat yourself on the back, Mission Accomplished!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,551
  • Apr 26, 2016 10:10am Apr 26, 2016 10:10am
Quoting HaLBot
{quote} Wise words dean1star, i'm not trying to develop a system to get 30 pips daily using hedging, however if technicals are showing you have entered a trade in the right direction yet there is a retrace what do you do? Sweat it out and hope your SL doesn't get hit or hedge the trade and take some profit on the retrace then some profit on your original trade? I don't like hedging as I said before it adds layers of decision making into a trade and better to keep it simple atm I don't have a system to make 30 pips a day guaranteed, but what i'm...
Ok HalBot, I am trying my Straddle strategy and see how does it work
  • #429,552
  • Apr 26, 2016 10:15am Apr 26, 2016 10:15am
Quoting Magix
{quote} That's all I got. Your statement is laughable on 2 grounds. 1. That's not a hedge, its a Nedge. 2. Let's see how much money you've made with this strategy. If you want to spout bullshit just for the sake of spouting bullshit, well...this is a public forum and all, go ahead. But in this, all you are doing is talking yourself into bad practices and looking like a moron. And I guess, if this is what you'd set out to do...pat yourself on the back, Mission Accomplished!
​at what point did I say I use this method... I didn't, so why don't you stop jumping to conclusions and patronising people on forum site so much, haven't you got anything better to do, or even hedging on negatively correlated pairs, it can technically bring the same result, its not fucking hard to work out lol
  • #429,553
  • Apr 26, 2016 10:18am Apr 26, 2016 10:18am
Quoting Magix
{quote} That's all I got. Your statement is laughable on 2 grounds. 1. That's not a hedge, its a Nedge. 2. Let's see how much money you've made with this strategy. If you want to spout bullshit just for the sake of spouting bullshit, well...this is a public forum and all, go ahead. But in this, all you are doing is talking yourself into bad practices and looking like a moron. And I guess, if this is what you'd set out to do...pat yourself on the back, Mission Accomplished!
don't understand why you are trying to win a dick measuring contest by faulting other peoples 'shit' charts etc etc to try make your self look better... its childish lol, your opinion isn't factual. period
  • #429,554
  • Apr 26, 2016 10:20am Apr 26, 2016 10:20am
Quoting arasheed
{quote} Ok HalBot, I am trying my Straddle strategy and see how does it work
But you just posted back to me that you bagged 230 plus pips and it works fine - i think the open season has already begun around here?
  • #429,555
  • Apr 26, 2016 10:22am Apr 26, 2016 10:22am
Quoting Don96
{quote} don't understand why you are trying to win a dick measuring contest by faulting other peoples 'shit' charts etc etc to try make your self look better... its childish lol, your opinion isn't factual. period
Hey Don don't worry about it he is just trying to be friendly
  • #429,556
  • Apr 26, 2016 10:23am Apr 26, 2016 10:23am
Quoting dean1star
{quote} Hey Don don't worry about it he is just trying to be friendly
I don't really care, its just the idea that he thinks his opinion is factual and presumes stuff
  • #429,557
  • Apr 26, 2016 10:31am Apr 26, 2016 10:31am
Quoting Don96
{quote} I don't really care, its just the idea that he thinks his opinion is factual and presumes stuff

The only thing I presume is that you don't know your ass from a hole in the ground.

As far as factual, I believe there is enough information in your last most recent posts to support this presumption.

You're certainly not doing yourself any favors.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,558
  • Apr 26, 2016 10:35am Apr 26, 2016 10:35am
Quoting Magix
{quote} The only thing I presume is that you don't know your ass from a hole in the ground. As far as factual, I believe there is enough information in your last most recent posts to support this presumption. You're certainly not doing yourself any favors.
right okay, your thoughts/opinions are irrelevant to me tbh, and as for 'not doing myself any favours' again, why would I care? pretty shallow to be affected by someone over a keyboard on a forum website get over it now
and you presumed that I make money from hedging... I didn't say I use that method, so your presumption was wrong, again, period.
  • #429,559
  • Apr 26, 2016 10:37am Apr 26, 2016 10:37am
Quoting Don96
{quote} right okay, your thoughts/opinions are irrelevant to me tbh, and as for 'not doing myself any favours' again, why would I care? pretty shallow to be affected by someone over a keyboard on a forum website get over it now and you presumed that I make money from hedging... I didn't say I use that method, so your presumption was wrong, again, period.
Irrelevant, hey?

lol

Then why bother replying?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,560
  • Apr 26, 2016 10:40am Apr 26, 2016 10:40am
Quoting Don96
I didn't say I use that method, so your presumption was wrong, again, period.


You know an easy way to make money, because hedging is easy...

And you don't trade it?

My point was, that you are full of shit!
Your methodology is moronic.
And
You don't know your ass from a hole in the ground.

Anything of my other statements that you'd choose to challenge?
Certainly wouldn't be anything chart related, would it?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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