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Cable Update (GBPUSD)

  • #70,161
  • Jun 11, 2008 10:28am Jun 11, 2008 10:28am
Quoting Moe
i wish, i got other business venture that im getting into, thanks to forex, i have other dreams, one of them becoming a billionaire, im serious bro. , get rich or die trying :nerd:
Look like we have a same dream moe...
Life is about choosing... Long or Short... Discipline and consistency
  • #70,162
  • Jun 11, 2008 10:34am Jun 11, 2008 10:34am
I say chaps - wasn't that pleasant ?

Excellent ride up ....


and it isn't over yet - the market players are running around like headless chickens


It isn't gambling though - not much
  • #70,163
  • Jun 11, 2008 10:34am Jun 11, 2008 10:34am
Quoting Moe
i make damn good money trading forex and that won't change il keep this as a back up, i will still be trading and making money, but im a firm believer in not limiting one self, i don't want to get old thinking about what i could of should of done, i can't live with my self knowing i didn't take a chance, if i go broke trying then il die happy,

Fair enough, just never heard of anyone taking there trading profits to start a company up and do more work, guess I'm just lazy.

First month I hit $3000 profit as long as it wasn't a fluke, I'll be telling ALL clients BYE BYE, but I'm LAZY and hate working.

I did it once before, only lasted 6months cause I got too spendy more than anything else then blew the account Back when I was trading USA Stocks!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,164
  • Jun 11, 2008 10:36am Jun 11, 2008 10:36am
Quoting nAVIN2007
every1 needs dreams...and in forex just look at it as a learning curve i got my first 137 pip for profit today on live account...it took a matter of having to do it...i mentally wont allow myself to lose £1000 and because of this i did it today..otherwise i doubt id have be able to do it

now i just need to build on this..

137 MAJOR Congrats there dude, just remember how, you played longs in a upward market, keep it simple and sorted!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,165
  • Jun 11, 2008 10:37am Jun 11, 2008 10:37am
navin that eur/usd buy @1.5462from yesterday was not that bad.
  • #70,166
  • Jun 11, 2008 10:41am Jun 11, 2008 10:41am
Quoting salah k.
u c even MOE started with a 1k account
now one position of his is 900k
living proof
Sala k which broker are you using. I will like one whose minimum dep is small but allows leverage upto 1:200 for small accounts. and no problems with withdrawals
  • #70,167
  • Jun 11, 2008 10:41am Jun 11, 2008 10:41am
Quoting zweig
navin that eur/usd buy @1.5462from yesterday was not that bad.
Would your Geppy 200SL of been hit yet ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,168
  • Jun 11, 2008 10:42am Jun 11, 2008 10:42am
Quoting JanPoko
As a game, ok, but as real trading, my god! A rally of 100 pips would bring you $1 profit, ok? You would need about 200 such good trades without a single loss to earn 200 bucks. Is your time and life really worth such a waste of time? That's why I said: find another job - unless you just want to spend time, like e.g. with crossword puzzles...

And again, perhaps you guys, who are fluent in English, could explain to our friend the dangers of over leveraging...
Jan Pako,
what i intend to do is to think long term. i hope to make my trading on demo to live a smooth transition. afterall, when i demo do i make money? so also when i trade 1cent a pip, i do not make moooooneeeeeyy but at least i know my bucks is involved so i wont be overly careless. after a period of time say 3 months and my head is still aboce the waters. i can go ahed and stuff my account with $200. if after 6 months am profitable. i go all the way. stuff in $1000 and still make profits. that way i'll not be emotinally attached to trades and apart from monitoring my own learning curve, i'll also learn to execute on live servers as they are differnet from demo servers, learn my broker practices such as withdrawals and performance. and then decide to learn more, stuff more cash or quit my broker. simple isn't it?...
  • #70,169
  • Jun 11, 2008 10:43am Jun 11, 2008 10:43am
Quoting Turveyd
Fair enough, just never heard of anyone taking there trading profits to start a company up and do more work, guess I'm just lazy.

First month I hit $3000 profit as long as it wasn't a fluke, I'll be telling ALL clients BYE BYE, but I'm LAZY and hate working.

I did it once before, only lasted 6months cause I got too spendy more than anything else then blew the account Back when I was trading USA Stocks!!
it's call O.P.M. other people money, i will never you my own funds, i have backers that are puting up the money, if the business goes bust then im out of nothing, the down side is that the get a piece of the company
If I Go Broke Trying Then I Will die happy.
  • #70,170
  • Jun 11, 2008 10:43am Jun 11, 2008 10:43am
Quoting JanPoko
As a game, ok, but as real trading, my god! A rally of 100 pips would bring you $1 profit, ok? You would need about 200 such good trades without a single loss to earn 200 bucks. Is your time and life really worth such a waste of time? That's why I said: find another job - unless you just want to spend time, like e.g. with crossword puzzles...

And again, perhaps you guys, who are fluent in English, could explain to our friend the dangers of over leveraging...
Jan Pako,
what i intend to do is to think long term. i hope to make my trading on demo to live a smooth transition. afterall, when i demo do i make money? so also when i trade 1cent a pip, i do not make moooooneeeeeyy but at least i know my bucks is involved so i wont be overly careless. after a period of time say 3 months and my head is still aboce the waters. i can go ahed and stuff my account with $200. if after 6 months am profitable. i go all the way. stuff in $1000 and still make profits. that way i'll not be emotinally attached to trades and apart from monitoring my own learning curve, i'll also learn to execute on live servers as they are differnet from demo servers, learn my broker practices such as withdrawals and performance. and then decide to learn more, stuff more cash or quit my broker. simple isn't it?...
  • #70,171
  • Jun 11, 2008 10:44am Jun 11, 2008 10:44am
if price hold above 1.9625, then were heading back down to 1.9500 area.
If I Go Broke Trying Then I Will die happy.
  • #70,172
  • Jun 11, 2008 10:48am Jun 11, 2008 10:48am
Quoting Moe
if price hold above 1.9625, then were heading back down to 1.9500 area.
if this happen then i will sell at whatever today high is with a big stop loss and ride it back down.
If I Go Broke Trying Then I Will die happy.
  • #70,173
  • Jun 11, 2008 10:49am Jun 11, 2008 10:49am
Quoting Moe
if price hold above 1.9625, then were heading back down to 1.9500 area.
you mean if the price does not hold above 1.9625.

  • #70,174
  • Jun 11, 2008 10:52am Jun 11, 2008 10:52am
Quoting AmeriTrini
you mean if the price does not hold above 1.9625.

no, it have to close above 1.9625
If I Go Broke Trying Then I Will die happy.
  • #70,175
  • Jun 11, 2008 10:52am Jun 11, 2008 10:52am
turveyd ,,did you read when i wrote the message ??? im sure you didnt. i said its a good sell entry @ 215/216 area for 3000 pips .. im still stick to it,and will till the end ,tiill i reach my target,actually the geppy wil go much much further out into next year,...and tell me ,why do you said to all the traders ,just keep it simple..lol ..wont get far mate..
  • #70,176
  • Jun 11, 2008 10:54am Jun 11, 2008 10:54am
Quoting Moe
if price hold above 1.9625, then were heading back down to 1.9500 area.
if price close below this then i look for uptrend to continue
If I Go Broke Trying Then I Will die happy.
  • #70,177
  • Jun 11, 2008 10:55am Jun 11, 2008 10:55am
Im Out My Long!!!ok For Today.
  • #70,178
  • Jun 11, 2008 10:55am Jun 11, 2008 10:55am
Quoting Moe
no, it have to close above 1.9625
close above 1.9625, next position should be Short ?
close below 1.9625, next position should be Long ?
Is this what you mean?
  • #70,179
  • Jun 11, 2008 10:58am Jun 11, 2008 10:58am
Quoting John Lo
close above 1.9625, next position should be Short ?
close below 1.9625, next position should be Long ?
Is this what you mean?
yep, becarefull if it does close above 1.9625, it can move up a little then drop.
If I Go Broke Trying Then I Will die happy.
  • #70,180
  • Jun 11, 2008 11:00am Jun 11, 2008 11:00am
now don't blame me if shit don't go accoring to my plan, either way im gonna be in a trade if that senrio happens.
If I Go Broke Trying Then I Will die happy.
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