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Cable Update (GBPUSD)

  • #69,321
  • Jun 5, 2008 9:33am Jun 5, 2008 9:33am
Quoting Moe
true, the % of gaps getting fill is pretty high, so your right not all gaps get fill, thats why i say i wound't bet my money on it, what we can see tommorow will shock a lot of traders, ex: gap don't get fill and drop to 9350 and that will wipe out the gap traders or the gap get fill and save a lot of heart attacks
Trading is 80% Emotional, 20% Technical
  • #69,322
  • Jun 5, 2008 9:34am Jun 5, 2008 9:34am
Quoting warta
cheers Sal

hope u r doing well
yeah man today was a good day on silver buy
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,323
  • Jun 5, 2008 9:36am Jun 5, 2008 9:36am
Quoting B@by trader
but do you think or do you think the gap will be closed this week?
p/s:gap will closed if you follow them you follow 81.9% but the time gap to closed is unknown maybe a day a week a month who knows (this what a book say)
what I read..lol
  • #69,324
  • Jun 5, 2008 9:36am Jun 5, 2008 9:36am
Quoting salah k.
yeah man today was a good day on silver buy

silver and E/U follow gold nice pipin
  • #69,325
  • Jun 5, 2008 9:37am Jun 5, 2008 9:37am
Quoting John Lo
Salah,
Thanks.. .. in demo account, i won.. but too bad, now the trade is in real account.. but hopefully i can gain back the loss. the way i trade is double the last lot size every 50pips... this is high risk and high gain.
thanks for your advise. i'll combine it.
all the best bro

stick around the guys here are great traders and they have debates that teach u a lot
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,326
  • Jun 5, 2008 9:40am Jun 5, 2008 9:40am
Quoting warta
silver and E/U follow gold nice pipin
exactly bro
wats good about silver is u get a couple of seconds head start and believe me they differ entry-wise
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,327
  • Jun 5, 2008 9:40am Jun 5, 2008 9:40am
Quoting T 1 Ti
same here, we meet again

  • #69,328
  • Jun 5, 2008 9:45am Jun 5, 2008 9:45am
Quoting John Lo
Salah,
Thanks.. .. in demo account, i won.. but too bad, now the trade is in real account.. but hopefully i can gain back the loss. the way i trade is double the last lot size every 50pips... this is high risk and high gain.
thanks for your advise. i'll combine it.
The risk of blowing your account is 100% guaranteed over time

That's not trading, that's gambling

You should find a better system or you'll not be trading for long with real money...
Getting it right is NOT as important as not getting it wrong.
  • #69,329
  • Jun 5, 2008 10:02am Jun 5, 2008 10:02am
looks like we will have as usual 5 hours of ranging between 20 to 30 pips
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,330
  • Jun 5, 2008 10:09am Jun 5, 2008 10:09am
Quoting fxswing
The risk of blowing your account is 100% guaranteed over time

That's not trading, that's gambling

You should find a better system or you'll not be trading for long with real money...
Unless you are Goldman Sachs and can manipulate the market by the size of your trades , then it's all gambling

It's all gambling - if I ride my motorbike at 60mph I am gambling that the front tyre (tire) doesn't pop

If you marry a beautiful intelligent woman, you are gambling she doesnt develop a mental illness and end up hating you and poisoning you

EVERYTHING is gambling because we are playing probabilities in everything we do

As soon as we think we have a certain outcome we are vulnerable and that is why I prepare for the unknown in everything I do - especially forex gambling

I reckon the reason people deny the gambling aspect is their religious prohibitions, but perhaps their god knows the truth in which case they are in for it

There are no certainties, only bigger or smaller probabilities and a string of outcomes contrary to the mathematical probability will floor the best systems.
  • #69,331
  • Jun 5, 2008 10:19am Jun 5, 2008 10:19am
gambling or not my systems give me +140pips today i'm out now this cable will keep flat till next 6hours....just guesing:nerd:
Keep Learning and you'll get what you want...
  • #69,332
  • Jun 5, 2008 10:35am Jun 5, 2008 10:35am
Quoting allserene
If you marry a beautiful intelligent woman, you are gambling she doesnt develop a mental illness and end up hating you and poisoning you

Wow, that's positive thinking

Risk is everywhere, but this one is quite creative
Getting it right is NOT as important as not getting it wrong.
  • #69,333
  • Jun 5, 2008 10:37am Jun 5, 2008 10:37am
there is a difference between risking ur whole account or risking 0.1% of it

the same risk exists in life when marrying a beautiful woman with a family rich in mental illness....
what did u expect
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,334
  • Jun 5, 2008 11:10am Jun 5, 2008 11:10am
Quoting salah k.
there is a difference between risking ur whole account or risking 0.1% of it

the same risk exists in life when marrying a beautiful woman with a family rich in mental illness....
what did u expect
If you are risking 0.1% of your account you are not going to make enough money for a cup of coffee

You can't be 0.1% married

Profit is the reward for risk and you can't avoid it
  • #69,335
  • Jun 5, 2008 11:14am Jun 5, 2008 11:14am
this is when knowing your system comes into play, you also have to have homerun trades, you have to know all your trade set-up and know when to double up.
If I Go Broke Trying Then I Will die happy.
  • #69,336
  • Jun 5, 2008 11:14am Jun 5, 2008 11:14am
im married 200%

Quoting allserene
If you are risking 0.1% of your account you are not going to make enough money for a cup of coffee

You can't be 0.1% married

Profit is the reward for risk and you can't avoid it
There is no bad decisions, its only didn't work out.
  • #69,337
  • Jun 5, 2008 11:19am Jun 5, 2008 11:19am
Quoting allserene
If you are risking 0.1% of your account you are not going to make enough money for a cup of coffee

You can't be 0.1% married

Profit is the reward for risk and you can't avoid it
y not 300$(s/l) from a 10,000 account is 3% but its return can go as far as 1500 and more.(15% and more)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,338
  • Jun 5, 2008 11:40am Jun 5, 2008 11:40am
hey sal
wuts good man?

still buyin
lookin for the 98s
  • #69,339
  • Jun 5, 2008 11:42am Jun 5, 2008 11:42am
had a buy stopped for 32 pips
still holding on a buy on silver though
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,340
  • Jun 5, 2008 11:43am Jun 5, 2008 11:43am
Quoting salah k.
y not 300$(s/l) from a 10,000 account is 3% but its return can go as far as 1500 and more.(15% and more)
yes, but if you put your s/l's very tight, the choppiness can give a long string of s/l hits before you finally get the run that will yield 15%

many times, the account will be blown a long time before that happens

If you put your s/l's at catastrophe size then catastrophes come too

If anyone had a sure fire mathematical sytem then they would be emperor of the world - but none of us have that and we are all just a string of bad luck away from wipeout

There are no billionaires posting on here and the Soros who posts is not the real Soros

We are all small time gamblers who dream of a system that will yield billions - its a dream

If it wasn't then you would play big with your winnings every week and the have billions to show for it - I havent and you havent and nobody on here has billions

Conclusion - all our systems are deeply flawed and dangerous

I have no complaints - I am happy being a small time gambler and I win some and lose some for fun
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