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Cable Update (GBPUSD)

  • #74,881
  • Jul 8, 2008 3:14am Jul 8, 2008 3:14am
Quoting NuB
Looks like she went to get her friend and they are both coming back down the street. I love it two for the price of one.
Hope she brings more friends!
Enlightened.
  • #74,882
  • Jul 8, 2008 3:15am Jul 8, 2008 3:15am
Quoting dragoncat
another chart shows the low at 9708 but at 2:15, i got stopped out at 2:45..

my broker's feed shows 1.97099, 0.1 pips below my stop, how's that sounds?
I see where it hit 710 again. Alls I can say is Damn. I said it b4 and Ill say it again, "It must be nice to be a broker."
Don't Get Bitter, Get Better
  • #74,883
  • Jul 8, 2008 3:17am Jul 8, 2008 3:17am
Quoting JamesCZ
Hmm, congratulations. You have great day today, but I think, nothing works today..everything is bad, I allready lost 142 pips in row...it looks like I will have to paper trade again, because my strategy doesn't work and now I am even not sure, if I had some till now...total failure today

Accepting that and learning from your recent experiences and thinking out side of the box for a solution is key.

Been there 100's myself, likely be there another 100+ before I finally get this fully nailed down.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,884
  • Jul 8, 2008 3:19am Jul 8, 2008 3:19am
Looks like double top on 4h chart...anybody else see it too?
-- There's no winner without lose --
  • #74,885
  • Jul 8, 2008 3:20am Jul 8, 2008 3:20am
I am starting to worry now... If the price doesn't break 97, I guess we will be exploding north
When life gives you lemons, make lemonade
  • #74,886
  • Jul 8, 2008 3:21am Jul 8, 2008 3:21am
Quoting NuB
I see where it hit 710 again. Alls I can say is Damn. I said it b4 and Ill say it again, "It must be nice to be a broker."
if they really do intentionally do these kind of stuff, even after all those money they make with people blowing their accounts, then they deserve to burn in hell.. haha

i'm not too worried, still making a lot shorting JPY, just could've been 60pips better off with GBPUSD right now..
  • #74,887
  • Jul 8, 2008 3:23am Jul 8, 2008 3:23am
here's the chart for more humour..

http://i312.photobucket.com/albums/l...g?t=1215505163
  • #74,888
  • Jul 8, 2008 3:29am Jul 8, 2008 3:29am
Quoting JamesCZ
Hmm, congratulations. You have great day today, but I think, nothing works today..everything is bad, I allready lost 142 pips in row...it looks like I will have to paper trade again, because my strategy doesn't work and now I am even not sure, if I had some till now...total failure today
There is no such thing as failure. Take every one of those losses and turn them into lessons. They can be used to make a system that will bring you riches beyond your wildest dreams. And the only way a system works is if you work it. Look at the 142 pips as a down payment on a killer system.
Don't Get Bitter, Get Better
  • #74,889
  • Jul 8, 2008 3:29am Jul 8, 2008 3:29am
You just had your stop in the wrong place. I always add a few pips to my stop to compensate for bad feed info, and Brokers stop hunting jokes.

Hope it helps.

G10.
Enlightened.
  • #74,890
  • Jul 8, 2008 3:32am Jul 8, 2008 3:32am
Quoting Galeforce 10
You just had your stop in the wrong place. I always add a few pips to my stop to compensate for bad feed info, and Brokers stop hunting jokes.

Hope it helps.

G10.
yeah, as i said, it's partly my fault to have the stop there, i should have left it out completely and done it manually, but having said that, it doesn't change the fact that my broker is a bastard...
  • #74,891
  • Jul 8, 2008 3:34am Jul 8, 2008 3:34am
Quoting dragoncat
if they really do intentionally do these kind of stuff, even after all those money they make with people blowing their accounts, then they deserve to burn in hell.. haha

i'm not too worried, still making a lot shorting JPY, just could've been 60pips better off with GBPUSD right now..
I think they only make money of the spread. When people blow there acount that money is just transfered to another trader who is opposite their position, but I feel you. Keep it movin though, they got alot of money on these streets.
Don't Get Bitter, Get Better
  • #74,892
  • Jul 8, 2008 3:35am Jul 8, 2008 3:35am
Quoting Galeforce 10
You just had your stop in the wrong place. I always add a few pips to my stop to compensate for bad feed info, and Brokers stop hunting jokes.

Hope it helps.

G10.
Thanks, it was really about stops. Maybe I have to trade less money and then I will have more pips to stops. Now I am trading with mini account (800$) and 1 mLot. Maybe this is too much, because my stops are 20 pips from actual price
-- There's no winner without lose --
  • #74,893
  • Jul 8, 2008 3:37am Jul 8, 2008 3:37am
I think we stuck on yesterdays high and ready to go down?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 19 KB
  • #74,894
  • Jul 8, 2008 3:37am Jul 8, 2008 3:37am
i have longed
  • #74,895
  • Jul 8, 2008 3:38am Jul 8, 2008 3:38am
Quoting JamesCZ
Thanks, it was really about stops. Maybe I have to trade less money and then I will have more pips to stops. Now I am trading with mini account (800$) and 1 mLot. Maybe this is too much, because my stops are 20 pips from actual price
If you want my advice bro, trade with a demo account before you blow your real money...
When life gives you lemons, make lemonade
  • #74,896
  • Jul 8, 2008 3:38am Jul 8, 2008 3:38am
Quoting NuB
There is no such thing as failure. Take every one of those losses and turn them into lessons. They can be used to make a system that will bring you riches beyond your wildest dreams. And the only way a system works is if you work it. Look at the 142 pips as a down payment on a killer system.
Hope you are right. But I will have to really hard think about my system and my MM. I have lost 4 account, now I have acc which is 4x bigger then those before. But it doesn't look this could help me.
-- There's no winner without lose --
  • #74,897
  • Jul 8, 2008 3:40am Jul 8, 2008 3:40am
Quoting micho
If you want my advice bro, trade with a demo account before you blow your real money...
I traded with demo account...4 months and everything was fine there. Maybe because I just doesn't care when my trade was in trouble, just let it be and then it was up...I didn't use SLs, but with real money, everything is different.
-- There's no winner without lose --
  • #74,898
  • Jul 8, 2008 3:41am Jul 8, 2008 3:41am
Quoting JamesCZ
Thanks, it was really about stops. Maybe I have to trade less money and then I will have more pips to stops. Now I am trading with mini account (800$) and 1 mLot. Maybe this is too much, because my stops are 20 pips from actual price
I look at the chart and pick a spot where if it were to pass that point, I would want to be in the other direction... then I place my stop 5 pips below that.

I almost never have my stop hit.

Keep working on it, I used to have my stop hit all the time till I realized I was just afraid and had it set too close.

Trade small amounts or paper trade until you get it down is my advice.

FX Solutions will let you trade in .10 increments, great way to learn, while keeping losses down.

G10.
Enlightened.
  • #74,899
  • Jul 8, 2008 3:42am Jul 8, 2008 3:42am
Quoting JamesCZ
Hmm, congratulations. You have great day today, but I think, nothing works today..everything is bad, I allready lost 142 pips in row...it looks like I will have to paper trade again, because my strategy doesn't work and now I am even not sure, if I had some till now...total failure today
what lot size are u using?
  • #74,900
  • Jul 8, 2008 3:43am Jul 8, 2008 3:43am
Quoting JamesCZ
I traded with demo account...4 months and everything was fine there. Maybe because I just doesn't care when my trade was in trouble, just let it be and then it was up...I didn't use SLs, but with real money, everything is different.
Well that means you were gambling with the demo account, you have to have a plan to trade you cant just trade with your feelings cause you will lose all your money
When life gives you lemons, make lemonade
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