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Cable Update (GBPUSD)

  • #92,561
  • Oct 20, 2008 12:14pm Oct 20, 2008 12:14pm
Quoting micho
i just wanted to share a story with you. i know a guy who used to work with me, he has lots of money. you know how hard it is to make money in the forex market. well this guy doesnt know anything about strategies, what he did is used his 100k account straight in his bank and bought AUDUSD last friday (we all know that last week's candle for AUDUSD was horrible and pointed down unlike the pin on the GBPUSD... however this guy bought AUDUSD against the trend just like that with big lots and over the weekend looooool and then he simply waited for the monday opening then tuesday and he closed his trade for a 15k profit!!

i am starting to think that god is with the stupid people and no matter how hard some people try, no matter how they work, or think or plan... even if they were much smarter, each has his destiny and we cant change what is gonna happen!! we just cant
god is with donkeys, i wish i was a donkey
WELL i hear u bro i see guys in here at times no nothing and making a killing and theres me busting my balls just to hold on to my account and just about keeping it.....i learned this:

in forex u going have either north or south..anything less is noise...any1 can get a direction right from time to time..i just think we traders (if we can call ourselves this) make the shit complicated when it supposed to be easier.....at least we can increase probability of getting direction right with all the technical tool we have.....only we just have to make the shit simple....i even learn that support and resistance is BS except when it comes to trend change......it needs to be simple

is it north or south......?

right now it cant be north so we best go south

look at tiger hunter chart.....he has this ability, forsight to keep things simple....he trading a direction and getting just rewards...he is a fantastic trader because he has this ability to keep the shit simple
  • #92,562
  • Oct 20, 2008 12:19pm Oct 20, 2008 12:19pm
Quoting nAVIN2007
WELL i hear u bro i see guys in here at times no nothing and making a killing and theres me busting my balls just to hold on to my account and just about keeping it.....i learned this:

in forex u going have either north or south..anything less is noise...any1 can get a direction right from time to time..i just think we traders (if we can call ourselves this) make the shit complicated when it supposed to be easier.....at least we can increase probability of getting direction right with all the technical tool we have.....only we just have to make the shit simple....

is it north or south......?

right now it cant be north so we best go south
you will never know
i feel fucked up really, i dont have time nor mood to think 5 minutes per day to focus and try a new strategy. in fact i always think of many ideas but in the end its all the same!!!!
When life gives you lemons, make lemonade
  • #92,563
  • Oct 20, 2008 12:23pm Oct 20, 2008 12:23pm
Quoting peulthai
Well, most times we find ourselves in situations where we cant help but die for what we believe... if i get burnt... it is better than death.

Anyway pal, my SL is tight just incase.
Er scuse me but if the choice on forex is death or being burned, I think I will go and mow the lawn and then have a jam doughnut


You can tell my long is perking up
  • #92,564
  • Oct 20, 2008 12:24pm Oct 20, 2008 12:24pm
Quoting micho
you will never know
i feel fucked up really, i dont have time nor mood to think 5 minutes per day to focus and try a new strategy. in fact i always think of many ideas but in the end its all the same!!!!
u will bounce back all this time u relied on EA now yur trading with emotion...go back to basics and u will be fine
  • #92,565
  • Oct 20, 2008 12:26pm Oct 20, 2008 12:26pm
When i look back ....Hmm We might see 7400 or 7500 area as well.
This was to quick down.Usualy cable makes quck fill

Or as i remeber 1 night he just continus to fall and fall.That was big night.

We will see
  • #92,566
  • Oct 20, 2008 12:33pm Oct 20, 2008 12:33pm
Quoting \"expert\"
When i look back ....Hmm We might see 7400 or 7500 area as well.
This was to quick down.Usualy cable makes quck fill

Or as i remeber 1 night he just continus to fall and fall.That was big night.

We will see

hahaha you reminded me... lol of my nightmare... but only 1 night????????
2 or 3 nights it fell and fell and fell just during the Tokyo session
When life gives you lemons, make lemonade
  • #92,567
  • Oct 20, 2008 12:37pm Oct 20, 2008 12:37pm
Quoting nAVIN2007
u will bounce back all this time u relied on EA now yur trading with emotion...go back to basics and u will be fine
i dont know what to say to you
When life gives you lemons, make lemonade
  • #92,568
  • Oct 20, 2008 12:41pm Oct 20, 2008 12:41pm
Quoting PipGal
Hey I've lost money believing this thing can go up. I'm still long from 1.7124

you only lose money if you dont know where to position yourself at. Buy and sell signals that are really worth taking dont come around every 15 minutes.
  • #92,569
  • Oct 20, 2008 12:41pm Oct 20, 2008 12:41pm
Quoting micho
i dont know what to say to you
wait for me to sell.....im sure then id have sold at the bottom.....
to then u can make a killing.....i just dont get why the dollar is so strong...it meant to be easy money
  • #92,570
  • Oct 20, 2008 12:42pm Oct 20, 2008 12:42pm
Micho, sounds like you've had a bad streak. But don't let yourself get disheartened- we all have bad runs. Just take a step back and reassess our method and strategy. It's no use making claims like 'this market is crazy' etc. The market is what it is, just don't get too attached to any position and know when to call it a day. You'll get back on top of your game.

Dakrusha - is your long still open? so far managed to miss my stop loss by 3 pips - it's at 102
  • #92,571
  • Oct 20, 2008 12:46pm Oct 20, 2008 12:46pm
Quoting nAVIN2007
wait for me to sell.....im sure then id have sold at the bottom.....
to then u can make a killing.....i just dont get why the dollar is so strong...it meant to be easy money
hahaha that would be a great natural strategy
When life gives you lemons, make lemonade
  • #92,572
  • Oct 20, 2008 12:47pm Oct 20, 2008 12:47pm
Quoting spintrader
Micho, sounds like you've had a bad streak. But don't let yourself get disheartened- we all have bad runs. Just take a step back and reassess our method and strategy. It's no use making claims like 'this market is crazy' etc. The market is what it is, just don't get too attached to any position and know when to call it a day. You'll get back on top of your game.

Dakrusha - is your long still open? so far managed to miss my stop loss by 3 pips - it's at 102
nope i didnt have a bad streak. i am just stressed out and sick of everything. i feel very unlucky this year thats all
When life gives you lemons, make lemonade
  • #92,573
  • Oct 20, 2008 12:52pm Oct 20, 2008 12:52pm
Quoting micho
nope i didnt have a bad streak. i am just stressed out and sick of everything. i feel very unlucky this year thats all
same ..this is the worst year i have ever had infact...only bright side is ....im still living and healthy i hope it doesnt get worse
  • #92,574
  • Oct 20, 2008 12:52pm Oct 20, 2008 12:52pm
Long from 1.7119 and 1.7141
t/pset for 1.7197
Please ask questions and share your experiences with us all!
  • #92,575
  • Oct 20, 2008 12:53pm Oct 20, 2008 12:53pm
Quoting steelhead
you only lose money if you dont know where to position yourself at. Buy and sell signals that are really worth taking dont come around every 15 minutes.

Every 4 hours, maybe?
  • #92,576
  • Oct 20, 2008 12:58pm Oct 20, 2008 12:58pm
Quoting PipGal
Every 4 hours, maybe?


Nope not even every four hours maybe every few days. Patience patience patience is the name of the game for long term success
  • #92,577
  • Oct 20, 2008 1:01pm Oct 20, 2008 1:01pm
Quoting nAVIN2007
same ..this is the worst year i have ever had infact...only bright side is ....im still living and healthy i hope it doesnt get worse
oh... im sick of it all
When life gives you lemons, make lemonade
  • #92,578
  • Oct 20, 2008 1:01pm Oct 20, 2008 1:01pm
Quoting PipGal
Every 4 hours, maybe?
pip pip pip gal you are funny
When life gives you lemons, make lemonade
  • #92,579
  • Oct 20, 2008 1:03pm Oct 20, 2008 1:03pm
Quoting steelhead
Nope not even every four hours maybe every few days. Patience patience patience is the name of the game for long term success

Please tell me the name of a good pill for patience, I will buy in bulk
  • #92,580
  • Oct 20, 2008 1:08pm Oct 20, 2008 1:08pm
Quoting PipGal
Please tell me the name of a good pill for patience, I will buy in bulk

hahaha pill of patience, i will tell you a name of Z pill

its addictive, and usually prescribed by a med. whats your age?
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When life gives you lemons, make lemonade
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