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Cable Update (GBPUSD)

  • #25,501
  • Aug 17, 2007 11:01am Aug 17, 2007 11:01am
Quoting pinchapip
Ok guys I'm calling this a week...
sorry to hear that pinchapip.
BAM BAM BOOM! -bravado
  • #25,502
  • Aug 17, 2007 11:02am Aug 17, 2007 11:02am
Quoting pino2
nice that you didn't went long Bravado, can't you see the drop in prices now
you saved me pips!!
i knew listening to you would be a good idea earlier today.

this is exactly why i asked YOU. yay for me!
BAM BAM BOOM! -bravado
  • #25,503
  • Aug 17, 2007 11:05am Aug 17, 2007 11:05am
Quoting pinchapip
Ok guys I'm calling this a week........a really bad one I should say !!!!

Took a hit from the market......problems with my broker etc...etc...lost all my profits but at least the core of my account escaped intact.

Well.... I guess I've got to lick my wounds this weekend...and comfort myself with the fact that my initial capital is still there.

I started trading march 28 with no prior experience and a micro-account of 120 bucks....made it to 520..now it's back to 130 or so!!!! I'm sad because I was emotionally attached to it, not for the money itself.

My main account(real $$$$$$) that I've been trading for the last 2 months got hit too.....but not that bad...so I guess I'm still in luck !!!

A word for the newbies here...maybe one more voice of advice will open some newbies eyes to the fact that " surrender to the fact that volatility exist or volatility will make you surrender to the fact that surrender exist"

God bless us all !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Too bad what happened from your broker, hope you can solve this, but on the otheside I call it a week except for today, I didn't trade, but I made good profit the last days, I won't trade till I check what is going to happen on Monday, believe me Monday most of the time clears the rest of the week for me, and can give me clear signs what to do next.
  • #25,504
  • Aug 17, 2007 11:06am Aug 17, 2007 11:06am
NEW YORK -(Dow Jones)- Lehman Brothers (LEH) said Friday it now expects the Federal Reserve to cut interest rates 50 basis points in 2007 rather than its previous expectations that the central bank would leave the Fed funds rate steady through the end of the year.
"We now think the Fed is more likely to cut rates than remain on hold," Lehman Chief Economist Ethan Harris said in an e-mail note.
The big bank's change in forecast comes on the same day the Fed announced changes in its primary credit discount window facility, including a 50-basis- point cut in the discount rate "to promote the restoration of orderly conditions in financial markets."
Drew Matus, a Lehman economist, added that the investment bank's forecast change isn't a response to the Fed's action Friday. "We have been planning a change," he said.
BAM BAM BOOM! -bravado
  • #25,505
  • Aug 17, 2007 11:07am Aug 17, 2007 11:07am
LOL, whatta rush....

http://aboutfacts.net/Government/Gov...l/nasa_c50.jpg
  • #25,506
  • Aug 17, 2007 11:08am Aug 17, 2007 11:08am
Quoting pino2
Too bad what happened from your broker, hope you can solve this, but on the otheside I call it a week except for today, I didn't trade, but I made good profit the last days, I won't trade till I check what is going to happen on Monday, believe me Monday most of the time clears the rest of the week for me, and can give me clear signs what to do next.
pinchapip will get back on his feet.
BAM BAM BOOM! -bravado
  • #25,507
  • Aug 17, 2007 11:09am Aug 17, 2007 11:09am
Quoting cesarnc
LOL, whatta rush....
what do you mean.
BAM BAM BOOM! -bravado
  • #25,508
  • Aug 17, 2007 11:09am Aug 17, 2007 11:09am
Quoting bravado
i think you are in the wrong mind set by even asking this. thinking about this.
I don't have mind sets.

I don't stop trading when i achieve "happy" goals, and i don't trade more when i'm late. I just like to achieve something, like a 100m runner likes to beat his own marks by improving himself, and for me, improving is not about rising leverage, as i told you before.

I just asked a curiosity opinion to a short term trader who is not bonded with decades of losses or decades of low gains, hidden probably by big family fortunes that they have no credit about.

This ppl opinions have been rulling around for sometime, and i don't care for them. I prefer to care about traders who are not always saying that they run hedge funds, live in Miami, and charge 100 dolars to teach pin bar strategies.

Quoting bravado
aiming when you know that market gives what it gives and takes what it takes.
Don't get me wrong here... but i have to say one thing. I understand exactly what you mean because i also had all of the normal bad days and good days a trader has.

However...

I've been around on this forum for about 6 months now, and do you know what i'm realizing? I don't trade like anybody here.

I'm not saying who is wrong or right, believe me. But... is the truth plain and simple. I'm probably the only one around here who is not trying to pick a bottom today, or that didn't tried to ride the global collapse wave yesterday.

Because i know that considering the risk, this waves are not life changers or account 1000x multipliers. And since they are not normal, if we master the normal market conditions we will do fine.


Quoting bravado
you should just trade and not care about what the average quota for pips per month is.
That's what i do.

But i care about percentage... because let's face it, if you don't care about your rate of gains how should you know if this is a right business to be for our entire life?

If you just trade and withdraw it, how should you know what will you have, if you hold the money there for some years?

We must have "happy" goals, or else, we are wasting our time. I'm confortable saying this because i trade the charts and fundamentals, not goals.
  • #25,509
  • Aug 17, 2007 11:14am Aug 17, 2007 11:14am
Quoting bravado
what do you mean.
virgin stuff going on here... well, not anymore..

  • #25,510
  • Aug 17, 2007 11:18am Aug 17, 2007 11:18am
I think Cable is chasing weak longs. Dow is above 1% , yen croses are not falling and Euro is far away from the main support
Johann Channels and cycles are everything
  • #25,511
  • Aug 17, 2007 11:20am Aug 17, 2007 11:20am
Quoting Warper
I don't have mind sets.

I don't trade like anybody here.
that's excellent.

Quote
But i care about percentage... because let's face it, if you don't care about your rate of gains how should you know if this is a right business to be for our entire life?

If you just trade and withdraw it, how should you know what will you have, if you hold the money there for some years?

We must have "happy" goals, or else, we are wasting our time. I'm confortable saying this because i trade the charts and fundamentals, not goals.
this simply tells me you are not very well funded in your account.
let me guess. under $50,000?
BAM BAM BOOM! -bravado
  • #25,512
  • Aug 17, 2007 11:22am Aug 17, 2007 11:22am
Quoting cesarnc
virgin stuff going on here... well, not anymore..

don't flatter yourself. we weren't talking about you.
BAM BAM BOOM! -bravado
  • #25,513
  • Aug 17, 2007 11:23am Aug 17, 2007 11:23am
Quoting bravado
pinchapip will get back on his feet.
pinchapip, I hope that you can step back on your feet again, and make huge money, I really wish you success and happy trading
Try to leave your broker and go for another one, Oanda is too bad from my point of view, luckily I didn't have an account with them, I only had a demo one, but this was from a long time
  • #25,514
  • Aug 17, 2007 11:23am Aug 17, 2007 11:23am
Quoting bravado
don't flatter yourself. we weren't talking about you.
  • #25,515
  • Aug 17, 2007 11:28am Aug 17, 2007 11:28am
Quoting Warper
and charge 100 dolars to teach pin bar strategies.
Dirt cheap.


Quote
I've been around on this forum for about 6 months now, and do you know what i'm realizing? I don't trade like anybody here.

That is most likely a good thing.

Quote
I'm probably the only one around here who is not trying to pick a bottom today, or that didn't tried to ride the global collapse wave yesterday.

Well the first part is a good thing, the last part a wasted opportunity in my eyes IF your way of trading supplied you with a SETUP.


Quote
Because i know that considering the risk, this waves are not life changers or account 1000x multipliers. And since they are not normal, if we master the normal market conditions we will do fine.

So stop is twice as big and the move is twice as big. Same risk, same reward, same setup logic as always. Just the numbers change. Just adapt.
I realized that when you start overleveraging in these "quick money" situations you end up making a lot fast and losing half of it at the same speed. Instead I risked the usual % per position on almost all setups and made quite handsome returns...


Quote
But i care about percentage... because let's face it, if you don't care about your rate of gains how should you know if this is a right business to be for our entire life?
Well it would help to see that you actually ENJOY it first. No good to have a great income if it sucks having to do it. Personally that's the reason I'm working hard at forex.

Quote
If you just trade and withdraw it, how should you know what will you have, if you hold the money there for some years?


Obviously the point is compounding and reaching a few mil-/billions.

Quote
We must have "happy" goals, or else, we are wasting our time.

To get to enough money to be able to trade off of weekly and monthly bars if you ask me.
Trust price. Know yourself.
  • #25,516
  • Aug 17, 2007 11:30am Aug 17, 2007 11:30am
As for the virgins - most people prolly love them because they can't tell whether you're lying or not when you say that that was just "really really good" since they have nobody to compare you to...


;p
Trust price. Know yourself.
  • #25,517
  • Aug 17, 2007 11:31am Aug 17, 2007 11:31am
Warper,

You have some imagination. I do have some in my family who are very wealthy. Not me though. I am OK but everything I have is from my doing, without seed money either.

Some of what you say are exactly what I used to think. I still have a lot to learn from others but mostly from the markets themselves. If you want to have % goals, good. But the true object of trading is to trade right and the profits will follow.

Now I know what I have to say is meaningless to you, so listen to Bravado and Cesar then. I am sure they have goals, but you can't force the market to give what is not there.

Sun
  • #25,518
  • Aug 17, 2007 11:31am Aug 17, 2007 11:31am
Quoting pino2
pino, pino.... ......

Friday ain't over.... 2.0 just around the corner
  • #25,519
  • Aug 17, 2007 11:35am Aug 17, 2007 11:35am
Quoting cesarnc
pino, pino.... ......

Friday ain't over.... 2.0 just around the corner
That being said, 1.9400 gets me in the Hall of Fame :surprised
  • #25,520
  • Aug 17, 2007 11:37am Aug 17, 2007 11:37am
Quoting cesarnc
pino, pino.... ......

Friday ain't over.... 2.0 just around the corner
yeah yeah
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