Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Cable Update (GBPUSD)
- #59,301
- Mar 24, 2008 11:36am Mar 24, 2008 11:36am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
- #59,302
- Mar 24, 2008 11:47am Mar 24, 2008 11:47am
yur doing fantastic ......but make sure u lock in those profits ok ..
thx bro
1) i get sure went in good direction
2) im patient , everybody can gaet 10-30pips vey easy
i try trade small positions but make a lot of pips and it works great ,
from 3.03.2008 did not have lossing day
dude , trade small and be patient
and u will do just great , every day u will have nice profit
- #59,303
- Mar 24, 2008 11:57am Mar 24, 2008 11:57am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
thx bro
1) i get sure went in good direction
2) im patient , everybody can gaet 10-30pips vey easy
i try trade small positions but make a lot of pips and it works great ,
from 3.03.2008 did not have lossing day
dude , trade small and be patient
and u will do just great , every day u will have nice profit
Nice job you did. and nice plan SP "small positions" -> Bp "big profit" i like it
- #59,304
- Mar 24, 2008 11:58am Mar 24, 2008 11:58am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
thx bro
1) i get sure went in good direction
2) im patient , everybody can gaet 10-30pips vey easy
i try trade small positions but make a lot of pips and it works great ,
from 3.03.2008 did not have lossing day
dude , trade small and be patient
and u will do just great , every day u will have nice profit
- #59,305
- Mar 24, 2008 12:04pm Mar 24, 2008 12:04pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #59,306
- Mar 24, 2008 12:09pm Mar 24, 2008 12:09pm
i will do so buddy ..i exited already for 3 pips profit ..i couldnt tell if it was going the right way ...to many resistance points ..
i got bottle of good red wine which helps me be more patient
hahaha
i trade GU and EJ mostly
Abuawad , thx
i sticked to small positions when i lost 2 accounts
i had a great profit during whole week and often on friday i lost everything coz of wild market behaviors.
now i trade small positions which makes me trade almost stressless and make money everyday.
i use bigger SL if did wrong and keep postions to get hundreds pips when it went in my fav
i have some loosing trade but everyday i close positions with nice total profit
when i will make my depo like 10 000$ i will trade bigger positions
- #59,307
- Mar 24, 2008 12:17pm Mar 24, 2008 12:17pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
i know dude , today is lazy day for some pairs
i got bottle of good red wine which helps me be more patient
hahaha
i trade GU and EJ mostly
Abuawad , thx
i sticked to small positions when i lost 2 accounts
i had a great profit during whole week and often on friday i lost everything coz of wild market behaviors.
now i trade small positions which makes me trade almost stressless and make money everyday.
i use bigger SL if did wrong and keep postions to get hundreds pips when it went in my fav
i have some loosing trade but everyday i close positions with nice total profit
when i will make my depo like 10 000$ i will trade bigger positions
You are welcome
I attach the plan I used it in my beginning , after losing my account for the second time
- #59,308
- Mar 24, 2008 12:25pm Mar 24, 2008 12:25pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nav, but great entry, in a slow market with support @1.9835 then 1.9820 but hey $3 is $3
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #59,309
- Mar 24, 2008 12:37pm Mar 24, 2008 12:37pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nav, but great entry, in a slow market with support @1.9835 then 1.9820 but hey $3 is $3
- #59,310
- Mar 24, 2008 12:42pm Mar 24, 2008 12:42pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
I was thinking you could make a pizza per week at that rate
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
anyway have a nice meal
- #59,312
- Mar 24, 2008 1:14pm Mar 24, 2008 1:14pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
See Nav, we've all blown our account a few times, so get it done, you know it makes sense
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #59,313
- Mar 24, 2008 1:20pm Mar 24, 2008 1:20pm
i will do so buddy ..i exited already for 3 pips profit ..i couldnt tell if it was going the right way ...to many resistance points ..
Hello navin,
Just a little advice from an old man struggling with forex..
It is never worth it to enter a trade for 3-10 pips.. NEVER (i never say never)
If this tells me something, this tells me that you were not sure of what you were doing when you entered that trade.. saw the profit and ran away. In most cases, your position starts with some few $ loss (spreads), then the market goes against you for a few more $$$.. when you just see a few bucks profit you run away.. thats never right.
You can be doing that for a year, then once its all gone with one trade.. WHY? because you are still unsure and this time the odds came the opposite direction.
I do not mean giving crdits to anybody (though i do for all
) but Bones is right when having a signature that says plan the trade, trade the plan.Scalping is nice, yet very risky specially with accounts that do not have enough equity to assure a high margin level whatever happens.
Always remember the risk/reward formula, STOP following your emotions, NEVER change a SL, have courage to exit a losing position, have a little more to continue with the trend of a winning one.
Plan 'i mean very good' one good trade, based on whatever you want.. analysis, news, AbuAwad, etc.. Enter with 5-10% of your equity, put a TP and SL, shut down the terminal and play some playstation.. Stop thinking and dreaming about the market, let it play its role of the scenario.. In theory, you will have more winnings than losses.
Friend, you will not make all the pips there in one day, never overtrade. Made a 25-50 pips today? Quit it, go buy an ice-cream and have a laugh with your friends..
Why am i writing all this?!?!
Because this is how i want myself to be doing it, but im not
{Promotion Removed}
- #59,314
- Mar 24, 2008 1:22pm Mar 24, 2008 1:22pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #59,315
- Mar 24, 2008 1:28pm Mar 24, 2008 1:28pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hello navin,
Just a little advice from an old man struggling with forex..
It is never worth it to enter a trade for 3-10 pips.. NEVER (i never say never)
If this tells me something, this tells me that you were not sure of what you were doing when you entered that trade.. saw the profit and ran away. In most cases, your position starts with some few $ loss (spreads), then the market goes against you for a few more $$$.. when you just see a few bucks profit you run away.. thats never right.
You can be doing that for a year, then once its all gone with one trade.. WHY? because you are still unsure and this time the odds came the opposite direction.
I do not mean giving crdits to anybody (though i do for all
Scalping is nice, yet very risky specially with accounts that do not have enough equity to assure a high margin level whatever happens.
Always remember the risk/reward formula, STOP following your emotions, NEVER change a SL, have courage to exit a losing position, have a little more to continue with the trend of a winning one.
Plan 'i mean very good' one good trade, based on whatever you want.. analysis, news, AbuAwad, etc.. Enter with 5-10% of your equity, put a TP and SL, shut down the terminal and play some playstation.. Stop thinking and dreaming about the market, let it play its role of the scenario.. In theory, you will have more winnings than losses.
Friend, you will not make all the pips there in one day, never overtrade. Made a 25-50 pips today? Quit it, go buy an ice-cream and have a laugh with your friends..
Why am i writing all this?!?!
Because this is how i want myself to be doing it, but im not
i agree man ...
but as always its easier said than done ...oh well there always another day ..now i have to wait to see if the direction is right ...
entry =1.9847
SL= 1.9885
TARGET=1.9757 slight pullback here..might have it right afterall
- #59,316
- Mar 24, 2008 1:28pm Mar 24, 2008 1:28pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #59,318
- Mar 24, 2008 3:21pm Mar 24, 2008 3:21pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #59,319
- Mar 24, 2008 3:35pm Mar 24, 2008 3:35pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Drattts, had the top of the move upto 1.9885 pegged as a short, wussed it ofcourse, hope more money so more mistakes / stop outs in the bag decrease my wussing it!!
Wednesday / Thursday due to bank holidays I presume
Wednesday / Thursday due to bank holidays I presume
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #59,320
- Mar 24, 2008 4:00pm Mar 24, 2008 4:00pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Drattts, had the top of the move upto 1.9885 pegged as a short, wussed it ofcourse, hope more money so more mistakes / stop outs in the bag decrease my wussing it!!
Wednesday / Thursday due to bank holidays I presume