Best Thread Live Cable Trading
Wallcrawler
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badtrader said:
Thanx bt - Had to run out so I missed your posts - Will be back next week - Cheers- WC
Long GBP 1.7691, stop 1.7663
Reason for trade is the take out of the last swing high from Friday which might signal a resumption of the uptrend from last week. Alternatively it may be a market fake to lure in crap traders like me prior to continuing down.
JonnyT
Reason for trade is the take out of the last swing high from Friday which might signal a resumption of the uptrend from last week. Alternatively it may be a market fake to lure in crap traders like me prior to continuing down.
JonnyT
jezza888
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Looking and awaiting a short myself....
Messed up allready this morning as I've changed my chart program and still having problems with it and consequently was long at 1.7680 but got stopped out at 60...
Have to wait and see how it pans out... Looks down to me!
Messed up allready this morning as I've changed my chart program and still having problems with it and consequently was long at 1.7680 but got stopped out at 60...
Have to wait and see how it pans out... Looks down to me!
jezza888
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Trial week
Took the latter part of last week off for a few upgrades and changes...
Dispite the overall consensus of 'price rules', 'patterns are right' and 'indicators lag' etc etc. I believe there are many ways to skin the preverbial and so paper traded two options last week.
1. indicator only
2. price / S+R / patterns only
On paper the former won... time to see with real money!
It is my belief that all that matters is I earn enough to produce food and shelter more than any job I am qualified for, and that all the deeper understanding/pyschological blah blah blah is overated.
My aim is to be consistently right as much as possible and obtain over 200 pips at a fiver a point in a week and I'll be more than happy. I'm not trying to be rich, just self sufficient.
So therefore, this week all trades will be based purely on the indicator alone with no other thoughts since whether they lag or not, I'd rather be late than wrong!
Took the latter part of last week off for a few upgrades and changes...
Dispite the overall consensus of 'price rules', 'patterns are right' and 'indicators lag' etc etc. I believe there are many ways to skin the preverbial and so paper traded two options last week.
1. indicator only
2. price / S+R / patterns only
On paper the former won... time to see with real money!
It is my belief that all that matters is I earn enough to produce food and shelter more than any job I am qualified for, and that all the deeper understanding/pyschological blah blah blah is overated.
My aim is to be consistently right as much as possible and obtain over 200 pips at a fiver a point in a week and I'll be more than happy. I'm not trying to be rich, just self sufficient.
So therefore, this week all trades will be based purely on the indicator alone with no other thoughts since whether they lag or not, I'd rather be late than wrong!
Mornington Crescent
Experienced member
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jonny
looks to be only a corrective move at the moment.
catch as catch can ?
looks to be only a corrective move at the moment.
catch as catch can ?
jezza888
Well-known member
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JonnyT said:
There was me thinking I was being conservative!
I'm going to give this week a trial and see how it comes out. thats only 40 pips per day average and so over a week allowing for good and bad days I don't think 200 should be too difficult!
I'll see how I feel about it next Monday!
