That is correct lessy allow me to reiterate what I posted earlier as an answer to salah k posts:
Always remember that there is a big difference between trading a demo account and trading a real account and that is none other than human nature or shall I say emotions which is the main reason why lot of traders are losing money in trading!
In addition, even the greatest system in the hands of undisipline trader proved to be the vehicle for their consistent losses (remember John Rushkin, Nick Leeson and recently Jerome Kerviel).....just my 2 cents
Cable Update (GBPUSD)
- #54,142
- Feb 15, 2008 9:22pm Feb 15, 2008 9:22pm
kerviel doesnt have the greatest system, he only took massive bet on stock index futures, no hedge no strategy pure speculation.
- #54,143
- Feb 15, 2008 11:07pm Feb 15, 2008 11:07pm
week end analysis: cable recover from 1.9334 (year's low 22 Jan) to hit a high at 1.9955 (year's high Jan 30). A retraced to a pipe lows of 1.9386/99/1.9401 on Feb 07 has been followed by a steady recovery reaching a 1.9736 (high feb 14) before reversing to 1.9578 (low Feb 15) thus putting on hold or sidelined for now with an opportunity to buy next week...just my 2 cents! Have a great week end cable guys!
- #54,144
- Feb 15, 2008 11:38pm Feb 15, 2008 11:38pm
- | Joined Aug 2007 | Status: Air Raider | 895 Posts
The previous week 4-8 Feb I blew my account as reported on this thread on the 8th. I also spelt out a couple of lesson I have – I think – finally learnt. This week I refunded my small account, only $200. I applied my system, with patience and no greed. I am happy to report that this week my account is just over $485! I hope I can keep my patience and greed intact next week and continue building my account.
I figured I would start small because if I can not change $200 into $400 and $400 into $800 and so (I don’t mean weekly just over time) then I should not be trading in the first place. Good pips to all and thank you for everyone’s comments and information on this thread it makes one feel that you are not alone behind your computer.
I figured I would start small because if I can not change $200 into $400 and $400 into $800 and so (I don’t mean weekly just over time) then I should not be trading in the first place. Good pips to all and thank you for everyone’s comments and information on this thread it makes one feel that you are not alone behind your computer.
week end analysis: cable recover from 1.9334 (year's low 22 Jan) to hit a high at 1.9955 (year's high Jan 30). A retraced to a pipe lows of 1.9386/99/1.9401 on Feb 07 has been followed by a steady recovery reaching a 1.9736 (high feb 14) before reversing to 1.9578 (low Feb 15) thus putting on hold or sidelined for now with an opportunity to buy next week...just my 2 cents! Have a great week end cable guys!
though i dont agree. And i forecast GU to fall at 1.91-1.92 levels..
And then it will rally from there.
- #54,146
- Feb 16, 2008 1:21am Feb 16, 2008 1:21am
Thanks for your view.
though i dont agree. And i forecast GU to fall at 1.91-1.92 levels..
And then it will rally from there.
- #54,148
- Feb 16, 2008 2:13am Feb 16, 2008 2:13am
Thanks 4xtrader. i appreciate as always your views.
I would be afraid being Bullish in this Pair for the moment.
Yesterday we got some hawkish news from FED Member as well.
And as i speak i was looking at Daily Charts and doing some study over it.
I see a Major crossover as well as break of major support, and i see a double top being formed.
It will be a lovely Next week..to see how things move on..
Lets open up a thread and get everyones sincere view, so we make this place productive, share views, and why you think Bullish or Bearish
- #54,151
- Feb 16, 2008 3:02am Feb 16, 2008 3:02am
it takes alot of resources that page, its a heavy java, was looking something that loads quick, (i can get it) but i just wanna know if its worth it, and if everyone would participate.
- #54,152
- Feb 16, 2008 3:22am Feb 16, 2008 3:22am
Nice one jacobtrader! The only problem is I don't hear the demonstration of the coach out there! I have the latest version of Flash & Java programs, anything wrong bro? TIA
Mostly everyone is hearing..
Once you have installed the latest Java and Flash, restart your PC, hope it should help..
- #54,154
- Feb 16, 2008 3:46am Feb 16, 2008 3:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hello nAVIN....
you're not the only one learn here......
the way i see, you have a good knowledge and skill to trade...
and i can say that you already have all the thing you need....
but, remember nAVIN....
as long as you trade in demo acc.....
it means you're ability hasn't tested yet.....
that's why all the good trader in this thread such as Ameritrini and jacobtrader so confidence with their strategi even sometimes they have an opposite opinion....
because they've been tested by the market thru the real account....
i guess sometimes you need to try in mini/micro account...
Ps: i've told you before that i was inspiring with your accelerate in learning in this thread but it's too bad if you only use your skill in demo...
Trading is done best when it mechanical, no emotions just analysis entry, exit and SL.....I only think of the pips i make..demo is great to get this right!! having a real account wont change anything about the way i trade, only id use money management rules...i wanna save £5000 and hit the ground running...the more money u have the better yur chance of making money!
Now when i make profit, i get no buzz probably because its not real money or im improving on the mechanical aspects of trading?
Im following novice to trade live rules step by step and learning everyday yesterday i learned work is making me tirred and analysis is sufferring cause i wasnt updating the lines..and made a wrong decision we actually hit the top trendline and it didnt break through...hence down we went! i didnt even realise this cause the line wasnt even there...lol
i still have to iron out a few issues b4 i can go live. i plan to start in perhaps 2 months time
- #54,155
- Feb 16, 2008 4:09am Feb 16, 2008 4:09am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
JacobTrader is doing a great job in there! Thanks Jacob 
- #54,156
- Feb 16, 2008 4:24am Feb 16, 2008 4:24am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nice one jacobtrader! The only problem is I don't hear the demonstration of the coach out there! I have the latest version of Flash & Java programs, anything wrong bro? TIA
....i have sound and im really impressed
- #54,157
- Feb 16, 2008 4:30am Feb 16, 2008 4:30am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #54,158
- Feb 16, 2008 6:21am Feb 16, 2008 6:21am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
very good idea...
Did discussed GU and GJ. Reasoning for BEARISH movement is very convincing. Let see what gonna happen next week.
I hope FF will integrate LIVE CHATTING features in the future. That would be GREAT!!!
- #54,159
- Feb 16, 2008 6:29am Feb 16, 2008 6:29am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
That was a good session with JacobTrader... with voice... live charting... seeing moving cursor....trend lines being draw... wow weee... nice technology. Every explanation crystal clear.
Did discussed GU and GJ. Reasoning for BEARISH movement is very convincing. Let see what gonna happen next week.
I hope FF will integrate LIVE CHATTING features in the future. That would be GREAT!!!
.....very impressed and fantastic idea 