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Cable Update (GBPUSD)

  • #94,921
  • Oct 30, 2008 12:55pm Oct 30, 2008 12:55pm
Quoting nAVIN2007
u need to go back to demo tomorrow u might feel sick! ..its looking like tomorrow it gonna tank..
I am alright, it will get better. I just know better than what I did. Why do you think it might tank tomorrow. I don't like to trade on Friday's they seem to unreliable
  • #94,922
  • Oct 30, 2008 12:58pm Oct 30, 2008 12:58pm
Quoting manize
So sorry to hear. You are not alone, since start to trade a year ago, I have loss more than 90% till now. More better you use demo account 1st to get the sense to ride on the trend !
Thanks Manize. I am sure there are a lot of people in the same boat. My demo trades were about 90% positive so I traded live. First time I traded life, I get in a trade and it turns on my so wicketly for about 100 pips in a minute.....
  • #94,923
  • Oct 30, 2008 1:07pm Oct 30, 2008 1:07pm
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,924
  • Oct 30, 2008 1:07pm Oct 30, 2008 1:07pm
Where are u going now????
GELORE
  • #94,925
  • Oct 30, 2008 1:12pm Oct 30, 2008 1:12pm
Quoting musani
Where are u going now????
Just watch things for a while. Right now there is no clear direction
  • #94,926
  • Oct 30, 2008 1:17pm Oct 30, 2008 1:17pm
Quoting Dutchi
Thanks Manize. I am sure there are a lot of people in the same boat. My demo trades were about 90% positive so I traded live. First time I traded life, I get in a trade and it turns on my so wicketly for about 100 pips in a minute.....
hey mate dont worry,its going to ok,am on the same boat,the problem is we dont get too serious wit ur demo trades,we just trade carelessly and surprisingly we make huge profit,this is the reality of live trading is like starting fresh 4rom start,dont let trading kick u out of the market,always use a stoploss max 30pips,wit time it will be as if ur trading ur demo.easy man
  • #94,927
  • Oct 30, 2008 1:19pm Oct 30, 2008 1:19pm
Yup, I went long 1.6385 ! At least +10pips !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,928
  • Oct 30, 2008 1:20pm Oct 30, 2008 1:20pm
Quoting enoh james a
hey mate dont worry,its going to ok,am on the same boat,the problem is we dont get too serious wit ur demo trades,we just trade carelessly and surprisingly we make huge profit,this is the reality of live trading is like starting fresh 4rom start,dont let trading kick u out of the market,always use a stoploss max 30pips,wit time it will be as if ur trading ur demo.easy man
In this market a SL of 30 get's kicked out very fast bc of volatility.... I was very serious with my demo and put a stop in all the time. The market was a little calmer too. I just chose the worst time in history to trade live...
  • #94,929
  • Oct 30, 2008 1:20pm Oct 30, 2008 1:20pm
Quoting manize
Attached Image (click to enlarge)
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GELORE
  • #94,930
  • Oct 30, 2008 1:22pm Oct 30, 2008 1:22pm
LOL That is too funny!!! Thanks for making me laugh
  • #94,931
  • Oct 30, 2008 1:26pm Oct 30, 2008 1:26pm
Quoting musani
Don't you miss the boat for long ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,932
  • Oct 30, 2008 1:28pm Oct 30, 2008 1:28pm
Quoting Dutchi
In this market a SL of 30 get's kicked out very fast bc of volatility.... I was very serious with my demo and put a stop in all the time. The market was a little calmer too. I just chose the worst time in history to trade live...

yes i think so ..its the hardest time to trade volatility is huge right now...u must realise trading is about probabaility and u cant get it right all the time so u need to trade bearing in mind if u hit a loss its not the end of the world

so long as u can get more winners than loser yur gonna make it!!

this is why im going to change my broker then i will place trades risking only 1% of my account and will rely on being more right than wrong....and just build the b*tch up...

i hope as time goes on u improve and learn from this mistakes..i wish i did that when i first started, it only took 6 months for me to realise this ..
  • #94,933
  • Oct 30, 2008 1:28pm Oct 30, 2008 1:28pm
OK, take a deep breath, my 200 pips loss yesterday has been covered by today, congratz to me ! La, la, la, la
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,934
  • Oct 30, 2008 1:29pm Oct 30, 2008 1:29pm
Quoting manize
Don't you miss the boat for long ?
Nope, since i learn from u all
GELORE
  • #94,935
  • Oct 30, 2008 1:31pm Oct 30, 2008 1:31pm
bet a lot of you are losing everything

this is insane
  • #94,936
  • Oct 30, 2008 1:42pm Oct 30, 2008 1:42pm
OK, headed to bed now. Happy trading all !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,937
  • Oct 30, 2008 1:45pm Oct 30, 2008 1:45pm
To all you newbies: I lost over £5k earlier this wk.
But I know where I went wrong.
  • #94,938
  • Oct 30, 2008 1:51pm Oct 30, 2008 1:51pm
Quoting manize
OK, headed to bed now. Happy trading all !
  • #94,939
  • Oct 30, 2008 1:52pm Oct 30, 2008 1:52pm
Quoting Mearzo
To all you newbies: I lost over £5k earlier this wk.
But I know where I went wrong.
Wow that is a lot. I thought I lost a lot. The thing is I don't have much so there is not much to play with, that's what's so depressing. This market is just not easy to trade right now. Very dangerous
  • #94,940
  • Oct 30, 2008 1:56pm Oct 30, 2008 1:56pm
Quoting manize
OK, headed to bed now. Happy trading all !
GELORE
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