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Cable Update (GBPUSD)

  • #56,701
  • Feb 29, 2008 10:43am Feb 29, 2008 10:43am
162 positive trades in a row ?? seriously, not 1 loser in the mix there at all.

Is that even possibly, without trading without stops and sometimes in big market swings being stuck for ever, ie refusing flat blank to take a loss.


Why are you mentoring them ?? Nice ?? or need the money ? can't see you need any other form of income if this is true.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,702
  • Feb 29, 2008 10:44am Feb 29, 2008 10:44am
Quoting asyi
I have two people I'm mentoring and one of them wanted a guarantee that if he took my training that he would make money trading the forex. I showed him my trading results for January 08 with 82 positive trades in a row. He said that he wanted to see something more recent. So I told him I would trade for 30 days on FXCM and see if I couldn't double the account. So I opened a demo with $50,000 on 2/5. I showed him the account this morning. 126 positive trades in a row with a 62% increase. He said, "Well, 30 days aren't up yet." The point is - I have a system that works, and although its not perfect it does make profit. The forex doesn't guarantee anybody anything, it only offers a level playing field for those that care to learn the rules and then learn to stick with a system that makes more pips than you loose. Remember the golden rule: Grow Your Capital
good advise...what i do work, just one slight problem if i place 15 trades 13 work but the 2 that fail ruin me....i take to much damn risk naturally ....i have to learn to contain myself otherwise im gonna have a problem.
i suppose it really dont matter what u do so long as yur capital grows
  • #56,703
  • Feb 29, 2008 10:50am Feb 29, 2008 10:50am
Thats 126 in a row. No losers. My record is 139 on a live account. Sometimes I mentor just because it sharpens me up little. Most all my trades are anywhere from 3 to 10 pips with 5 to 8 lots. It's not hard to run consecutive positive trades. You just can't have a monkey brain. By the way todays long signal came at 09:00.
  • #56,704
  • Feb 29, 2008 10:50am Feb 29, 2008 10:50am
wow! 126 winning trades in a row?? i would love to learn your system..
  • #56,705
  • Feb 29, 2008 10:51am Feb 29, 2008 10:51am
I suffer from, extending my stops and trading against the trend, which ='s STOP STOP STOP STOP STOP in a row some more than my standard 13pips ie 25 maybe, when I get my dumb pig head on, MARKET MUST GO DOWN, Short, Short Short, ohhhh I can blow my account in hours.

I hit £400 GBP once, from £70 low inside of 2weeks, got gambly trying to get over £400 and blew £300 of it, inside of 90mins.

That crippled my confidence and down I went

Trading IS hard, always will be, only 2% will stick at it long enough to become profitable, and I've NEVER quit on anything yet, so I shall be in that 2%
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,706
  • Feb 29, 2008 10:56am Feb 29, 2008 10:56am
ASYI, your a professional, very short time frame, market is doing X, get in get out scalper then.

I can and do pick those, most of my trades get to between 3 and 10pips profit, sadly I normally hold them back to stopped out -13, learning to take small repeated profits is something I'm working on, rather than swinging for that 100pip trade every trade.

keep it up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,707
  • Feb 29, 2008 10:56am Feb 29, 2008 10:56am
Quoting hellofx
wow! 126 winning trades in a row?? i would love to learn your system..
My system is your system!
I just don't trade unless I'm 100% certain about what will happen.
  • #56,708
  • Feb 29, 2008 11:00am Feb 29, 2008 11:00am
USDJPY, looks to want to be recovering it's losses which adds to the possibility of GU going down.


Trade and ruin my weekend blowing the account is the question ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,709
  • Feb 29, 2008 11:00am Feb 29, 2008 11:00am
Quoting hellofx
wow! 126 winning trades in a row?? i would love to learn your system..
I have had 127 - it was easy
  • #56,710
  • Feb 29, 2008 11:02am Feb 29, 2008 11:02am
Quoting Turveyd
ASYI, your a professional, very short time frame, market is doing X, get in get out scalper then.

I can and do pick those, most of my trades get to between 3 and 10pips profit, sadly I normally hold them back to stopped out -13, learning to take small repeated profits is something I'm working on, rather than swinging for that 100pip trade every trade.

keep it up!!
which broker do u use buddy .?
  • #56,711
  • Feb 29, 2008 11:03am Feb 29, 2008 11:03am
Trading IS hard, always will be, only 2% will stick at it long enough to become profitable, and I've NEVER quit on anything yet, so I shall be in that 2% [/quote]

This is my fourth year trading live. I never made profit the first two years. Then I realized this needed to be treated as a business, not a game. So I set some goals and started following the rules, then the pips started to follow.
  • #56,712
  • Feb 29, 2008 11:06am Feb 29, 2008 11:06am
Quoting allserene
I have had 127 - it was easy
127?? i wonder how many pips on average ur taking and SL/TP ratio?
  • #56,713
  • Feb 29, 2008 11:07am Feb 29, 2008 11:07am
Quoting hellofx
127?? i wonder how many pips on average ur taking and SL/TP ratio?
would you like to buy some enron shares from me ?
  • #56,714
  • Feb 29, 2008 11:08am Feb 29, 2008 11:08am
I wonder what average income from trading is in here..assume people arent lossing?
  • #56,715
  • Feb 29, 2008 11:10am Feb 29, 2008 11:10am
Quoting allserene
would you like to buy some enron shares from me ?
thanks .. i think ill pass :
  • #56,716
  • Feb 29, 2008 11:10am Feb 29, 2008 11:10am
Navin, FXCM very happy with them since they've updated there system, no requotes or hassle at all really, no false stop hitting.

Asyi, 3 1/2 here, been messing around hobby style on and off inbetween doing other things, I've killed off alot of my none essential things i did to focus more time on Forex trading, my time to take it seriously is here, out of necessity I will add!! ( adding more money soon ie $600, then proper money ie 5K when that starts paying well )

Hence, my RISK ALL POSITION, do or die time!!!

I will add, trading soo much this week I'm SHATTERED, hence no trades today, just watching working on the system.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,717
  • Feb 29, 2008 11:14am Feb 29, 2008 11:14am
Navin, -$1.47 per trade last 50 trades currently, so not me yet, ask me again in 3months pls


Biggest winning streak was 7 trades here, but target is 70%-80% profitable trades, losers @13pips average, Wins @22pips average ( I say this cause thats how my Demo account looked )

Works out at + 22 + 22 - 13 = +31pips every 3 trades average, well just over do me nicely!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,718
  • Feb 29, 2008 11:15am Feb 29, 2008 11:15am
the dail chart is showing a bat formation.....which means a bounce back to 93 levels............open for comments...
  • #56,719
  • Feb 29, 2008 11:26am Feb 29, 2008 11:26am
Quoting iakq
the dail chart is showing a bat formation.....which means a bounce back to 93 levels............open for comments...
theres a gartley formation also on 1hr chart..sso yes i think we should go down
  • #56,720
  • Feb 29, 2008 11:28am Feb 29, 2008 11:28am
Quoting iakq
the dail chart is showing a bat formation.....which means a bounce back to 93 levels............open for comments...
93 level.. im not so sure about that.. but I would say it would retrace to to 97/96 and swing back to form triple top at 2.0000 sometime a nx week..
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