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Cable Update (GBPUSD)

  • #32,041
  • Sep 21, 2007 3:07am Sep 21, 2007 3:07am
Good morning
.
  • #32,042
  • Sep 21, 2007 3:09am Sep 21, 2007 3:09am
Quoting ClockTrader
P/L Record:

September: -1%
October: NA
November: NA
December: NA

Current Status:

~32% staked on current positions
expect +5% if BEs are hit
You are my boy... I think I need more leverage...
.
  • #32,043
  • Sep 21, 2007 3:15am Sep 21, 2007 3:15am
It might be a good idea to go short on EUR/GBP IMHO... Good figures for GBP bad figures for EUR... Hehehehe...
.
  • #32,044
  • Sep 21, 2007 3:18am Sep 21, 2007 3:18am
Quote
You are my boy... I think I need more leverage...

Good Morning Man,

aren't you at 1:100 ?
thats what I'm at

I would advise you to make money consistently at your current leverage and increase slowly, maybe at 6 months interval.

I've to yet achieve consistency at 1:100 at quarterly level
I do well for 2 months then there is a bump, then spend 1 - 2 months fixing, then do well and thus so on. Annual average is not bad though. Hope it gets better with consistent and disciplined usage of BE and SLs.

MAJOR LESSON of the past year: I should use SL (or BE) and stop digging if I'm in a pit. There is always another month ahead to prove the skills.

Its the most basic thing every noob like me should keep in mind.
Hello World!
  • #32,045
  • Sep 21, 2007 3:24am Sep 21, 2007 3:24am
Quoting ClockTrader
Good Morning Man,

aren't you at 1:100 ?
thats what I'm at

I would advise you to make money consistently at your current leverage and increase slowly, maybe at 6 months interval.

I've to yet achieve consistency at 1:100 at quarterly level
I do well for 2 months then there is a bump, then spend 1 - 2 months fixing, then do well and thus so on. Annual average is not bad though. Hope it gets better with consistent and disciplined usage of BE and SLs.

MAJOR LESSON of the past year: I should use SL (or BE) and stop digging if I'm in a pit. There is always another month ahead to prove the skills.

Its the most basic thing every noob like me should keep in mind.
yeah something like that..

My max possible leverage 1:50 (Oanda)
And I also thonk that if you're in the hole stop digging....
I need 2-3 years to fix my shit But I think I just started to be consistently profitable... And BEs are important tools in my set...
.
  • #32,046
  • Sep 21, 2007 3:26am Sep 21, 2007 3:26am
Quoting BGazzoni
It's Buy limit

And i don't think today is a good day to place limits order, specialy on EUR, since it's friday and we may have a big profit taking..

Just my opinion
Sorry, but if it is buy above market value, as it was the case, for me (and my broker) it is a buy "stop". Anyway, I got stopped on the retrace.
  • #32,047
  • Sep 21, 2007 3:31am Sep 21, 2007 3:31am
hey BR,

what does that 1KT mean ? had someone mentioning it in msg
Hello World!
  • #32,048
  • Sep 21, 2007 3:34am Sep 21, 2007 3:34am
Quoting ClockTrader
hey BR,

what does that 1KT mean ? had someone mentioning it in msg
That's a special status meaning that you have done 1000 live trades.. There are two 1kt members who should vote for you. Then you can also post in the Trading Room section.
.
  • #32,049
  • Sep 21, 2007 3:36am Sep 21, 2007 3:36am
Quoting bullrock
That's a special status meaning that you have done 1000 live trades.. There are two 1kt members who should vote for you. Then you can also post in the Trading Room section.
You have already one from Moe.. Thanks Moe.!!
.
  • #32,050
  • Sep 21, 2007 3:36am Sep 21, 2007 3:36am
Wow.. congratz to u BR.. to become a 1KT member.
  • #32,051
  • Sep 21, 2007 3:38am Sep 21, 2007 3:38am
Quoting supergoncas
Out on cable @0105 (this pair really can't be trusted these days). EU still rolling, out the moment it touches 41. Buy stop @4110 (this "strategy" only works for uncharted territory).
The minute I bail out this MF starts going long. This bitch can't really be trusted.
I should know better since she's responsible for some past depressing moments!
  • #32,052
  • Sep 21, 2007 3:38am Sep 21, 2007 3:38am
Quoting dd33
Wow.. congratz to u BR.. to become a 1KT member.
Thanks
.
  • #32,053
  • Sep 21, 2007 3:40am Sep 21, 2007 3:40am
I am sitting longs in GJ and GU... GJ wiped of 2.5% of my account during night as whipsawed me twice... MF Hope will go up to the sky now... :
.
  • #32,054
  • Sep 21, 2007 3:41am Sep 21, 2007 3:41am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting bullrock
That's a special status meaning that you have done 1000 live trades.. There are two 1kt members who should vote for you. Then you can also post in the Trading Room section.
How they got to know about the number of trades you have done so far?.. :
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #32,055
  • Sep 21, 2007 3:43am Sep 21, 2007 3:43am
Quoting CWH
How they got to know about the number of trades you have done so far?.. :
No idea :
.
  • #32,056
  • Sep 21, 2007 3:47am Sep 21, 2007 3:47am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting bullrock
No idea :
Anyway, congratz...
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #32,057
  • Sep 21, 2007 3:56am Sep 21, 2007 3:56am
From now on I have to be careful what I m posting. :
.
  • #32,058
  • Sep 21, 2007 4:03am Sep 21, 2007 4:03am
Quoting CWH
How they got to know about the number of trades you have done so far?.. :
I think its something more like "a dog (or something else) can identify other dog (its own kind) without any problem" (sorry guys.. forgot the actual line of the phrase..)
  • #32,059
  • Sep 21, 2007 4:05am Sep 21, 2007 4:05am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting dd33
I think its something more like "a dog (or something else) can identify other dog (its own kind) without any problem" (sorry guys.. forgot the actual line of the phrase..)
Birds of a feather flock together......

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #32,060
  • Sep 21, 2007 4:07am Sep 21, 2007 4:07am
Quoting bullrock
From now on I have to be careful what I m posting. :
Lol.. i'm back from my work.. well.. still working.. Short on fiber still yielding some pips for me at the moment.. good work on the +5.. saw that on your signature...

and congrats on the 1kt...:
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