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Cable Update (GBPUSD)

  • #74,941
  • Jul 8, 2008 4:59am Jul 8, 2008 4:59am
Quoting nAVIN2007
look for high reward: risk trade probabilities and u will be fine
Low Reward, high risk but very high probability of winning is not the conventional method of trading, but as 98% of people lose using the conventional method maybe thats flawed ??

Do need to turn my LOW reward into a Medium Reward I accept this.

Then I just need to trade much more and find a nice beach somewhere hot with topless babes, to do so from my laptop
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,942
  • Jul 8, 2008 5:03am Jul 8, 2008 5:03am
Quoting JamesCZ
You think, 100 pip SL is ok? I thought, maximum is about 20 pips? You are trading on 1hr, or 4hr chart? When you are talking about 100 pips SL, it must be some of these charts, because there are possible big movements. Maybe this is not bad idea, try to trade on these charts and hold trades about some hours, not just minutes.
i swing trade directions......but now im working of dailly charts so i need 100 pip SL but its all mental ...i actually dont use SL
  • #74,943
  • Jul 8, 2008 5:03am Jul 8, 2008 5:03am
Quoting JamesCZ
You think, 100 pip SL is ok? I thought, maximum is about 20 pips? You are trading on 1hr, or 4hr chart? When you are talking about 100 pips SL, it must be some of these charts, because there are possible big movements. Maybe this is not bad idea, try to trade on these charts and hold trades about some hours, not just minutes.
James, bigger the stop better the odds you'll get into profit.

* Conventional mode on *

But if your risking $100 and generally getting worried and taking $15's, based on even a 70% win rate you'll be losing money still.

Back test your trading style, play the What IF game, what if my stop was 30 ?? would I be better off ?? how about 25 ??


Trade M1, it's EASIER MUCH if you've got time to sit and watch ofcourse.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,944
  • Jul 8, 2008 5:03am Jul 8, 2008 5:03am
Quoting JamesCZ
You think, 100 pip SL is ok? I thought, maximum is about 20 pips? You are trading on 1hr, or 4hr chart? When you are talking about 100 pips SL, it must be some of these charts, because there are possible big movements. Maybe this is not bad idea, try to trade on these charts and hold trades about some hours, not just minutes.
Now you are thinking... practice it... demo it. If it works, trade it with small amounts, then work your way up. Control your emotions, plan the trade, place the stop, place the target, then don't change it. Just watch and wait, one or the other will be hit eventually.

Just my 2 pips.

G10
Enlightened.
  • #74,945
  • Jul 8, 2008 5:05am Jul 8, 2008 5:05am
Quoting Turveyd
Low Reward, high risk but very high probability of winning is not the conventional method of trading, but as 98% of people lose using the conventional method maybe thats flawed ??

Do need to turn my LOW reward into a Medium Reward I accept this.

Then I just need to trade much more and find a nice beach somewhere hot with topless babes, to do so from my laptop
Hmm, I hope you will find that beach I would be happy have a system that works like yours. Because even if I tried same thing as you, my account burned out. Maybe you could give me some contact like ICQ, msn or something like that and share with me some points of your system?
-- There's no winner without lose --
  • #74,946
  • Jul 8, 2008 5:11am Jul 8, 2008 5:11am
today is not the day.
i am going out.
i hate ranging days,

will check after the speech.
  • #74,947
  • Jul 8, 2008 5:13am Jul 8, 2008 5:13am
Quoting Turveyd
James, bigger the stop better the odds you'll get into profit.

* Conventional mode on *

But if your risking $100 and generally getting worried and taking $15's, based on even a 70% win rate you'll be losing money still.

Back test your trading style, play the What IF game, what if my stop was 30 ?? would I be better off ?? how about 25 ??


Trade M1, it's EASIER MUCH if you've got time to sit and watch ofcourse.
I have my head full of thoughts, so I will better stay away from trading for some days and just thinking about system and looking to the graphs. Maybe it could help, even if my mind is saying me, that I have to win money that I have lost today asap...I am a little bit confused now
-- There's no winner without lose --
  • #74,948
  • Jul 8, 2008 5:15am Jul 8, 2008 5:15am
  •  Trader#0000
  • | Status: Unregistered Trader
good day for scalping to me..
  • #74,949
  • Jul 8, 2008 5:39am Jul 8, 2008 5:39am
Boring
Damn it, Make up your mind trick. Get out there and get me my money...
Don't Get Bitter, Get Better
  • #74,950
  • Jul 8, 2008 5:40am Jul 8, 2008 5:40am
http://bp3.blogger.com/_nmIuQsC9b-Q/...er++gbpusd.png
{Promotion Removed}
  • #74,951
  • Jul 8, 2008 5:49am Jul 8, 2008 5:49am
i just wanna get out from this sick GU...
few hours ago there 3 lot greeny...one step again to 1.9700 but it slap me back to 1.9747..damn it!!
  • #74,952
  • Jul 8, 2008 5:50am Jul 8, 2008 5:50am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting notme32
looks my pips is coming back............. south south south
hey mate..its coming for u..
  • #74,953
  • Jul 8, 2008 5:50am Jul 8, 2008 5:50am
stank ass trick. lets see if big ben can make this M.F. move.
If I Go Broke Trying Then I Will die happy.
  • #74,954
  • Jul 8, 2008 5:52am Jul 8, 2008 5:52am
Quoting Moe
stank ass trick. lets see if big ben can make this M.F. move.
could you explain this trick for us?
  • #74,955
  • Jul 8, 2008 5:54am Jul 8, 2008 5:54am
  •  Trader#0000
  • | Status: Unregistered Trader
yeah..what is that..
  • #74,956
  • Jul 8, 2008 5:57am Jul 8, 2008 5:57am
Quoting Moe
stank ass trick. lets see if big ben can make this M.F. move.
it must ride to south..
  • #74,957
  • Jul 8, 2008 5:57am Jul 8, 2008 5:57am
Quoting tarektm
could you explain this trick for us?
yeah, she wear's a mini skirt and her name is mrs. pip
If I Go Broke Trying Then I Will die happy.
  • #74,958
  • Jul 8, 2008 6:00am Jul 8, 2008 6:00am
Quoting Moe
stank ass trick. lets see if big ben can make this M.F. move.
LOL Ben is the Biggest Pimp in town these days. Greenspan did it big in his day but he laid down his cane and passed on the "Financial Pimp Game"
Don't Get Bitter, Get Better
  • #74,959
  • Jul 8, 2008 6:03am Jul 8, 2008 6:03am
Quoting NuB
LOL Ben is the Biggest Pimp in town these days. Greenspan did it big in his day but he laid down his cane and passed on the "Financial Pimp Game"
when greenspan was in the game he made shit happen, he made those tricks work hard for there money, lot of easy tricks/pips back in his day. dollar killer every time.
If I Go Broke Trying Then I Will die happy.
  • #74,960
  • Jul 8, 2008 6:05am Jul 8, 2008 6:05am
Quoting tarektm
could you explain this trick for us?
depends on what you want the Trick or the Treat
If I Go Broke Trying Then I Will die happy.
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