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Cable Update (GBPUSD)

  • #28,181
  • Aug 31, 2007 6:46am Aug 31, 2007 6:46am
Quoting Warper
Want to laugh? What if i said to you that... Auslanco... the big guru of 90% of the new traders of this forum, just set a few days ago a GBP/JPY trade

with a target of 300 pips, and get this..... 20 pip SL! Yeah GY!

He just erased that from his own signature, but i swear that is the truth.

Incredible... the author of the fastest growing thread of the history of international foruns.

+600 new posts every single day.
True dat
Trade what you see, not what you think.
  • #28,182
  • Aug 31, 2007 6:47am Aug 31, 2007 6:47am
I'll call it a day, a week and a month.

after such a frustrating Friday, I can't believe my eyes what I made this month, its not huge, but not small either !

I'm all set for next month.

Cheers to all and have a rocking weekend !!!
Hello World!
  • #28,183
  • Edited 6:50am Aug 31, 2007 6:49am | Edited 6:50am
Something fishy is going on......Currencies moving funny today...but isn't it FRIDAY?????

Yea, that new thread is packed on a daily basis..which is sad because everyone wants a free ride...sooner or later they will learn a lesson......

And Karm...I know you ain't one of them (good teaching by the way)
  • #28,184
  • Aug 31, 2007 6:50am Aug 31, 2007 6:50am
Quoting Warper
Want to laugh? What if i said to you that... Auslanco... the big guru of 90% of the new traders of this forum, just set a few days ago a GBP/JPY trade

with a target of 300 pips, and get this..... 20 pip SL! Yeah GY!

He just erased that from his own signature, but i swear that is the truth.
LOL... 20 pips SL in GJ is like tying the dog with sausage.

Dow +126 and climbing.
  • #28,185
  • Aug 31, 2007 6:50am Aug 31, 2007 6:50am
Clock.. dont get me wrong, but can you give me a good reason for why you don't use leverage?

500 pips 5% 1:1
  • #28,186
  • Aug 31, 2007 6:51am Aug 31, 2007 6:51am
i see them come i see them go, round by round blow after blow this market knock's them out 1 by 1.
If I Go Broke Trying Then I Will die happy.
  • #28,187
  • Aug 31, 2007 6:55am Aug 31, 2007 6:55am
Quoting ClockTrader
I'll call it a day, a week and a month.

after such a frustrating Friday, I can't believe my eyes what I made this month, its not huge, but not small either !

I'm all set for next month.

Cheers to all and have a rocking weekend !!!
You shorted a pair that cracked its several day's resistance.

It can go back down, yes. But when a resistance is cracked or appear it was cracked, the last thing you should think is SHORT.

Now stop whining and put a damn trade long with stop at 0160! If you lose, fuck off! You won't win if you focus on the fear of losing
  • #28,188
  • Aug 31, 2007 6:58am Aug 31, 2007 6:58am
Quoting cesarnc
You shorted a pair that cracked its several day's resistance.

It can go back down, yes. But when a resistance is cracked or appear it was cracked, the last thing you should think is SHORT.

Now stop whining and put a damn trade long with stop at 0160! If you lose, fuck off! You won't win if you focus on the fear of losing
You can do that if you want to get rid of your account...
.
  • #28,189
  • Aug 31, 2007 6:59am Aug 31, 2007 6:59am
Quote
Clock.. dont get me wrong, but can you give me a good reason for why you don't use leverage?

500 pips 5% 1:1

Why would I get ya wrong dude ? anyways, I usually open up a cluster of positions(one or two dozen) which take like 30% - 40% of my equity.

I'm not from the Warren Buffet club with 30B in kitty at 1:1 or 1:10
my leverage is 1:100 but my SLs sit very close at around 30 pips or so, sometimes as small as 15

hope this helps !

----------------

Today, I went against my timings and as we all know right timing is the key and I keep failing 2-3 times every fortnight.
Hello World!
  • #28,190
  • Aug 31, 2007 7:00am Aug 31, 2007 7:00am
Damn... i lost this move. I probably will lose a 100 pip oportunity but i have so much difficulty entering in this conditions.

UJ is completly stalled. I will probably take a ride from EJ later on to catch you guys.
  • #28,191
  • Aug 31, 2007 7:01am Aug 31, 2007 7:01am
Quoting bullrock
You can do that if you want to get rid of your account...
That was really unnecessary.
  • #28,192
  • Aug 31, 2007 7:05am Aug 31, 2007 7:05am
Quote
You shorted a pair that cracked its several day's resistance.

It can go back down, yes. But when a resistance is cracked or appear it was cracked, the last thing you should think is SHORT.

Now stop whining and put a damn trade long with stop at 0160! If you lose, fuck off! You won't win if you focus on the fear of losing

yea, one thing, I fear a lot a lot a lot, I start focusing on future timings and forget whats going on today and thus sometimes make a wrong decision BUT thats how noobs like me learn. I'm learning while earning.

for now, I'll just prepare my mind for the next week, hope all good ahead for all !

and I find you guys very smart n intelligent !
Hello World!
  • #28,193
  • Aug 31, 2007 7:05am Aug 31, 2007 7:05am
Quoting ClockTrader
Why would I get ya wrong dude?
I completly understand....

I just said that because many ppl around here lose their heads on anything if they feel that they are being criticized.

A few days ago, a guy insulted me by PM just because i insist that 10% year is completly ridiculous for a good trader with a few Ks account.
  • #28,194
  • Aug 31, 2007 7:08am Aug 31, 2007 7:08am
Quote
You can do that if you want to get rid of your account...

Come on man, I just lost 10% of my equity, just chilllll plzzzz

If I can learn lessons from today, maybe I've saved a lot by not doing the same in future.

I know that loss hurts, particularly to noobs, but its fine man, I'm learning

CHOWWWW
Hello World!
  • #28,195
  • Aug 31, 2007 7:11am Aug 31, 2007 7:11am
Quoting cesarnc
That was really unnecessary.
Sorry I did not want to hurt or offend you or ClockTrader I did not pay attention to whom I addressing this and regularly committing this kind of errors myself so just be
.
  • #28,196
  • Aug 31, 2007 7:11am Aug 31, 2007 7:11am
Quote
A few days ago, a guy insulted me by PM just because i insist that 10% year is completly ridiculous for a good trader with a few Ks account.

let me manage that account, promise to double it within a week

OR


OR

I'll just let it blow

never mind, just kidding

the fact is that my SLs OR Hedges are quite tight
Hello World!
  • #28,197
  • Aug 31, 2007 7:13am Aug 31, 2007 7:13am
Quoting ClockTrader
yea, one thing, I fear a lot a lot a lot, I start focusing on future timings and forget whats going on today and thus sometimes make a wrong decision BUT thats how noobs like me learn. I'm learning while earning.
shit like this happens. Just don't focus on the fear next time. Focus on why are you taking a trade and if you're not taking a trade based on the same assumptions that push you to lose before....

And reduce this damn exposure. Don't put 10% of your account in jeopardy with 30-40 pips SL in a highly volatile market as this one...

Few weeks ago we were begging for cable to trade a 100 pips range day. Yesterday it traded 150 down, 150 up, 50 down, 50 up. A 30 pip SL is a killer under these conditions.
  • #28,198
  • Aug 31, 2007 7:15am Aug 31, 2007 7:15am
Quoting ClockTrader
let me manage that account, promise to double it within a week

OR


OR

I'll just let it blow

never mind, just kidding

the fact is that my SLs OR Hedges are quite tight
The last two weeks i made on average 0.9% a day risking 3% and I have started this forex thing 2.5 years ago so I consider myself a newbie... How about a good trader or a veteran????
.
  • #28,199
  • Aug 31, 2007 7:15am Aug 31, 2007 7:15am
I tried to explain not only... with trading.


I gave this example.

Why the biggest economies in the world grow at a medium/max 3 percent... with 1-2% in bad times, and the emerging markets are growing 10 percent average.

See.. how simple is it to understand that low money grow faster in percentage speaking.

The guy gave me the "F" word
  • #28,200
  • Aug 31, 2007 7:16am Aug 31, 2007 7:16am
Anyone wanna bet - i say Core PCE Price Index will be very low - just because i believe the numbers from US are made up these days.

It has to be low for the fed and bush to hint at rate cute in later speech - if its high they will be contradicting if they cut rates.
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