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Cable Update (GBPUSD)

I had a terrible week, my account was call margined.
Anyway, I DO NOT WANT TO GIVE UP
I want to restarted, but I do not know from where I could started and how I learn safe trading.
What is your advice for me?
Intro right it will up more traget 1.34xx have fun
[email protected]
SHORT-TERM
ForexSignalsz All Time Profit: $9,791
Quoting essei
I had a terrible week, my account was call margined. Anyway, I DO NOT WANT TO GIVE UP I want to restarted, but I do not know from where I could started and how I learn safe trading. What is your advice for me?
Essei I am sorry to hear that. And look just after you got call margin-ed the market turned around did it not. Feels like the market is against you. Wel its not. I use to feel the same. Always as i get taken out there it goes in my direction. Dont stress it always feels like that in the beginning. Get of a real account and trade with a small demo account. Even if is a 100 dollar demo account. Trade that sucker at 0.01 till you can find a trading system that works for you.

Dont follow people blindly on forums. Yes not even my trades as you dont understand how i trade. Work on your own system and dont add all sorts of funny fancy indicators to your system, Just creates confusion. I use 2 moving averages not standard numbers and an envelope, thats it. Envelope also not standard numbers out there. Also FIB is your friend. if you know how to use it properly.

Slow progress is good progress. Dont try and get rich over night. It took me 6 years to even start making profits and a lot of accounts later. Then i started doing my own thing and it all turned around for me. I am a stubborn person and never give up, always followed the news and what people are doing. Studied every corner of the politics and watch news non stop. Did all that time infront of the TV and PC help__ NONE OF IT HELPED NONE!!!!!!!

Now i don't care about news, and don't react to news and i trade without that stuff.. I came back to the forums purely to try and help people on the right track. I cant show you how to trade because that is something you need to figure out what works best for you. but start small work at it none stop and stop copying everyone else. Its just like school. If you copy your friend you never really learn.

What i found on the people i trained here in my country is everyone trades to make money to drive fancy cars and have fancy sh!t. When you start making money just ignore all that crap because as you make more money you will ad more stress on yourself to chase the next best car and phone and so on. Just make you life more comfortable thats it. This all leads to failure.

I still work for myself have always but i am not stressed out if life throws lemons at me Sometimes we all stress. . I smile focus on the solution and move on.

Hope all works out for you.
Yeah 1% must be doable. But the most important thing is to keep the right mindset.. i’ve learned that it can change when i hit a few losers and i can get aggresive and then we can do stupid things:-)

I also kitesurf since 2003:-)

i even own a kitesurfsimulator


Quoting Henry2501
{quote} Hello The 0.01lots is the new small account. I always open a small $100 account then build it to about $3000 and then withdraw a large amount to test the trading company. After trading on a small account and building up you will quickly find out if they legit or a bunch of scammers. I Kite surf and Do normal surfing AKA on a surfboard. Real surfing none of this SUP stuff. I dont know how else to explain surfing. So when your tp hits you win $48.644,-? --- Yes but i removed it earlier as the...
If i fail, i`ll start over.... (insanity?)
Quoting essei
I had a terrible week, my account was call margined. Anyway, I DO NOT WANT TO GIVE UP I want to restarted, but I do not know from where I could started and how I learn safe trading. What is your advice for me?
Hi Essei, You must get on a demo account and practice. It is not easy. Not all you hear is True!! You would not get in a ring with Tyson Fury after reading a book on boxing. So why do you think you can get in the ring with the biggest forex heavy weigh moister in town. You'll get knocked out!!! There are many ways to do it, You must find your own way. The secret is hard work and practice. Do you play sport? If you played against a pro! You would not stand a chance. If you played against a level just above you - you'd still prob get beat. As the same as a flip of the coin anything is possible. We proved that...... 1) Only risk what you can afford to lose. 2) Practice 3) Practice 4) Practice. Again put the chart hours in. It takes time! You are a beginner trying to play against a pro. What do you think the outcome is going to be? A boxer does not turn up to a fight without preparation. Get on a demo account and practice!! Do you want to know the secret... Do you really want to know the secret are you sure you want to know the secret. The secret is Hard Work!!
Play it by beer!!!
just fibo 38 can buy more i think
Quoting Peace-maker
just fibo 38 can buy more i think
I.DONT.THINK
ForexSignalsz All Time Profit: $9,791
Quoting essei
I had a terrible week, my account was call margined. Anyway, I DO NOT WANT TO GIVE UP I want to restarted, but I do not know from where I could started and how I learn safe trading. What is your advice for me?
Here is a nice example of how things work out there. I was long on GBPUSD. I did not like what was happening yesterday afternoon my time on the GBPUSD so i moved my stoploss nice and close. It took me out on the STOPLOSS but i am happy. Still made more than enough money. Now most people would have gone agg damit i should have left it in look now how much a i could have made GBPUSD went up more. Yes it would now have hit my profit tarket and i could have made more than 10 000 extra, but who cares. There will be more trades out there.

The opposite scenario is if i did not put my stoploss at a close level the market could have dropped all of a sudden as i dont follow news and all my profits would have been munched up by the market. Each one of those trades where just over a 100pips.

Now this is a bad idea - i dont use STOPLOSS levels but there was a high risk trade in of 15lots, You dont want that sucker going against you on a trading system with a emergency stop of 350pips. That eats at your mind. I have had it before and it kills your confidence. No matter how big your account.

What i am trying to say is- Dont worry about the trades you lost or did not make as much as the next guy or as much as you could have. Be greatfull for your 1% and dont chase more. Close the 1% lock it in and wait for more to setup. There is lots of trades even on a longterm system i use.

Some days you dont have any trades then otherdays you have like 10 that setup. Then those ten trades make up for the 2-3 days of no trading. So you make 10% in 1 day where the other days you made 0. So dont try 1% a day as a set rule. Take your average at the end of the month and work from month to month. and yes sometime there will be loosing months but dont change your system just because it did not work that month. Look at the market was there sudden long moves that just kept going one direction or what. Why was it a loosing month. Most of the time if its a loosing month on a well self developed strategy, and you look back you will see you probably broke the rules again and thats why it was a bad month. I use tot do it all the time. We quick to blame the markets. They just do as they do. Look at yourself first and dont take it personal.

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Hi All - In cable long 1.3064 st ls 1.3035 target 1.3136
Play it by beer!!!
Here is the reason i dont Like STOPLOSS but thats my personal dilemma. But coincidentally its a perfect example.
See these pictures. Its the trades on the GBPUSD long. The trades that closed yesterday.

This first one if you zoom in to 1min then you will see the Stoplosses was just just taken out. Literally after it took my order the market went up and never reached that low level again. Second images shows 1 min zoomed out up to now.

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Now there are debates of the guys stoploss hunting out there. Yes i also believe they do do it. There is enough evidence out there. And they all do it dont be fooled. Small or big. does not matter.

The point is if you look back. you will see the stoploss was exactly at a low timeframe resistance zone. literally 20mins earlier you could see it touch the exact zone then moved up. So was it stop loss hunting or was it just that i added my SL at a resistance zone. That is the big question is it not. makes you think hey.
[quote=Henry2501;12248011]{quote} Here is a nice example of how things work out there. I was long on GBPUSD. I did not like what was happening yesterday afternoon my time on the GBPUSD so i moved my stoploss nice and close. It took me out on the STOPLOSS but i am happy. Still made more than enough money. Now most people would have gone agg damit i should have left it in look now how much a i could have made GBPUSD went up more. Yes it would now have hit my profit tarket and i could have made more than 10 000 extra, but who cares. There will be more trades out there. The opposite scenario is if i did not put my stoploss at a close level the market could have dropped all of a sudden as i dont follow news and all my profits would have been munched up by the market. Each one of those trades where just over a 100pips. Now this is a bad idea - i dont use STOPLOSS levels but there was a high risk trade in of 15lots, You dont want that sucker going against you on a trading system with a emergency stop of 350pips. That eats at your mind. I have had it before and it kills your confidence. No matter how big your account. What i am trying to say is- Dont worry about the trades you lost or did not make as much as the next guy or as much as you could have. Be greatfull for your 1% and dont chase more. Close the 1% lock it in and wait for more to setup. There is lots of trades even on a longterm system i use. Some days you dont have any trades then otherdays you have like 10 that setup. Then those ten trades make up for the 2-3 days of no trading. So you make 10% in 1 day where the other days you made 0. So dont try 1% a day as a set rule. Take your average at the end of the month and work from month to month. and yes sometime there will be loosing months but dont change your system just because it did not work that month. Look at the market was there sudden long moves that just kept going one direction or what. Why was it a loosing month. Most of the time if its a loosing month on a well self developed strategy, and you look back you will see you probably broke the rules again and thats why it was a bad month. I use tot do it all the time. We quick to blame the markets. They just do as they do. Look at yourself first and dont take it personal. {image}[/quot
Thank you for your advises, I try to keep them in my mind.
How I could find proper system for trading? how much earning could I expect from trading in FOREX?
Quoting coderr
{quote} I.DONT.THINK
but dollar away new low i don't see away way to may gbp down before 1.312 maybe they can recovery but next time it up more to
Quoting Theoak
{quote} Hi Essei, You must get on a demo account and practice. It is not easy. Not all you hear is True!! You would not get in a ring with Tyson Fury after reading a book on boxing. So why do you think you can get in the ring with the biggest forex heavy weigh moister in town. You'll get knocked out!!! There are many ways to do it, You must find your own way. The secret is hard work and practice. Do you play sport? If you played against a pro! You would not stand a chance. If you played against a level just above you - you'd still prob get beat....
Hi Theoak
Thank you for your answer. I know, practice is key of success in every work, I am graduated in master of science in aerospace engineering, but because of very bad economical situation in my country, high unemployment rate and very low income (5$ per day (6 a.m-5 p.m.)) I try my chance in Forex.
you truly say "The secret is Hard Work"
Quoting essei
Quoting Henry2501
{quote} Here is a nice example of how things work out there. I was long on GBPUSD. I did not like what was happening yesterday afternoon my time on the GBPUSD so i moved my stoploss nice and close. It took me out on the STOPLOSS but i am happy. Still made more than enough money. Now most people would have gone agg damit i should have left it in look now how much a i could have made GBPUSD went up more. Yes it would now have hit my profit tarket and i could have made more than 10 000 extra, but who cares. There will be more
...
First of all dont find a decent system. Make your own. its easyer than finding one. Plus you always have to addapt to markets.
Second question is thats up to you. If you work at it slowely you can make a good living of it. That also depends on your lifetyle.

Chase junk and always compete with people and fancy jusnk life sportscares and fancy cellphones and stuff then you probably will never ever make enough. Trade just to make life comfortable by not having to worry about tomorrow thats a diffirent story. With more monay comes more credit cards and more debt. It becomes a snowball affect stay away thats all i am saying. want a fancy car yes thats ok but save up set a plan- trade 6 months to a year and pay that money over to a local saving account till you can buy it cash. then you will feel so much better.
Quoting Henry2501
{quote}{quote} First of all dont find a decent system. Make your own. its easyer than finding one. Plus you always have to addapt to markets. Second question is thats up to you. If you work at it slowely you can make a good living of it. That also depends on your lifetyle. Chase junk and always compete with people and fancy jusnk life sportscares and fancy cellphones and stuff then you probably will never ever make enough. Trade just to make life comfortable by not having to worry about tomorrow thats a diffirent story. With more monay comes more...
Thank you
How I could make my own system, Psychologically, I'm a nasty and stressful (during last week I can not sleep for 5 days and nights) person. is this Personality psychology proper for working in FOREX?
Quoting Peace-maker
{quote} but dollar away new low i don't see away way to may gbp down before 1.312 maybe they can recovery but next time it up more to
LOOK.AGAIN
ForexSignalsz All Time Profit: $9,791
Quoting essei
{quote} Hi Theoak Thank you for your answer. I know, practice is key of success in every work, I am graduated in master of science in aerospace engineering, but because of very bad economical situation in my country, high unemployment rate and very low income (5$ per day (6 a.m-5 p.m.)) I try my chance in Forex. you truly say "The secret is Hard Work"
Hi Essei - How long did it take you to do your degree? I will make this very simple for you get on a demo account!!!! Don't throw good money at bad money!!!! I hope you have not lost too much!!!! I feel for you man; from the bottom of my heart!!!
Play it by beer!!!
Quoting Theoak
{quote} Hi Essei - How long did it take you to do your degree? I will make this very simple for you get on a demo account!!!! Don't throw good money at bad money!!!! I hope you have not lost too much!!!! I feel for you man; from the bottom of my heart!!!
Hi Theoak
It is 4 years I take my degree. Thank you for your Sympathy.
I already get a demo account. I lose 1200 $ last week, actually i must work 240 days with my current job to support my last week lose.
Price didn't break EMA 55 in weekly candle, there is also the divergence on RSI in 1H TF. I shorted here with 20 pips stoploss
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