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Cable Update (GBPUSD)

  • #114,741
  • Jan 25, 2009 11:23am Jan 25, 2009 11:23am
Quoting Forbes55
sure I did
and now process begin to correct downfall 1.3792
and i need 1.3645 like in Saturday afternoon
Are you short by .1lot or 1lot and how does that tie in with your mm
  • #114,742
  • Jan 25, 2009 11:27am Jan 25, 2009 11:27am
my broker only opens next 4 hours, so it's enough tiime for current price to make right down decision I do hope
ROBOT FOREX
  • #114,743
  • Jan 25, 2009 11:38am Jan 25, 2009 11:38am
Hello ! it's my first time when i right on this thread ...i use to read and learn but i am in deep shit rigt now ! I have 100.000 GBP bye on 1.51 with ni SL until now ....( i know it sound like i am veryyyy stupid ...and maybe i am ) , i have until now -10.500 Euro and a balance of 20.000Euro ...margin 7.65% ! Do you think i can ever make my 20.000 back ? Or not ? What can i do ? I am a 33 years girl and i am a biginner in forex world !
  • #114,744
  • Jan 25, 2009 11:39am Jan 25, 2009 11:39am
and sorry for my english .....i am from romania and this english is all that i learn from highschool !!!
  • #114,745
  • Jan 25, 2009 11:41am Jan 25, 2009 11:41am
my question is when do you think GBP is going to 1.51 again ?
  • #114,746
  • Jan 25, 2009 11:43am Jan 25, 2009 11:43am
Quoting Forbes55
my broker only opens next 4 hours, so it's enough tiime for current price to make right down decision I do hope
Many Brokers open in 1.5 hours time (21.00GMT) which could also be enough time to close the gap before your broker opens!!

Can you not contact your broker by phone and if you think that the gap may start to close then exit your trade. The balls in your court.
  • #114,747
  • Jan 25, 2009 12:02pm Jan 25, 2009 12:02pm
To ZuZuFx.

Please read what I am about to type, I am sure many people here will agree with it.

Withdraw all your money that you have left, close your trade out.
Read everything again and set up a demo account.
Only invest that money you have when you are making money on your demo account. Treat the demo account like its real money.

Second advice is, only go with the current trend, always.
Some people can go counter trend, but that is something u must no you can do in a demo account.

I hope you do this, because if you hope you will make that money back you can end up loosing everything.
  • #114,748
  • Jan 25, 2009 12:05pm Jan 25, 2009 12:05pm
Please , help me ..... im am not on a demo ...it's real money ! Tis is a picture of my platform !!!!
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  • #114,749
  • Jan 25, 2009 12:10pm Jan 25, 2009 12:10pm
Quoting fry2010
To ZuZuFx.

Please read what I am about to type, I am sure many people here will agree with it.

Withdraw all your money that you have left, close your trade out.
Read everything again and set up a demo account.
Only invest that money you have when you are making money on your demo account. Treat the demo account like its real money.

Second advice is, only go with the current trend, always.
Some people can go counter trend, but that is something u must no you can do in a demo account.

I hope you do this, because if you hope you will make...
i just needed to add some more here
1- always have stop loss...........
2- never start with standard contract....try mini size first

but i think you are looking for some prescription for your trade
i say that history repeats but we donno when...try to get out of it in some rebound.........
  • #114,750
  • Jan 25, 2009 12:13pm Jan 25, 2009 12:13pm
Quoting fry2010
To ZuZuFx.

Please read what I am about to type, I am sure many people here will agree with it.

Withdraw all your money that you have left, close your trade out.
Read everything again and set up a demo account.
Only invest that money you have when you are making money on your demo account. Treat the demo account like its real money.

Second advice is, only go with the current trend, always.
Some people can go counter trend, but that is something u must no you can do in a demo account.

I hope you do this, because if you hope you will make that...
You are 100 % right but it's to late to withdraw ....if i do that i can save only 8.914 euro and loose 10.530 ....it's to late don't you think? If i can loose all , so be it ...but i can't close that deal now ! I understand what you mean ....i was on demo long time ago , i just ask from you to estimate when thw gpb will be 1,51 again ....because even if she go to 1.30 i better deposit 5.000 E again then loose 10.000 ! I can affort ! It's just a matter of time !!!
  • #114,751
  • Jan 25, 2009 12:13pm Jan 25, 2009 12:13pm
Hy larisa,
i will help you to get money back.

Quoting ZuZuFx
Please , help me ..... im am not on a demo ...it's real money ! Tis is a picture of my platform !!!!
  • #114,752
  • Jan 25, 2009 12:15pm Jan 25, 2009 12:15pm
Holy Crap! ZuZuFx.
Seriosly CLOSE THE TRADE!
Take out Your money
Do it NOW

Then Demo trade untill you can make 2 months work profitably. Dont wait, how do you no the rebound hasnt already occured?
You wont know, you will just be risking loosing even more money.

Secondly You was only going for 40 pip profit with no stop loss??

Also no-one here can help you, its your money.
  • #114,753
  • Jan 25, 2009 12:17pm Jan 25, 2009 12:17pm
Ok looks like someone is able to help you, ignore my posts.
Also I see your post that you can take the draw down. If thats the case, then yeah wait all the time in the world.

But make sure u have a bigger profit target in future.
  • #114,754
  • Jan 25, 2009 12:18pm Jan 25, 2009 12:18pm
Quoting fry2010
Holy Crap! ZuZuFx.
Seriosly CLOSE THE TRADE!
Take out Your money
Do it NOW

Then Demo trade untill you can make 2 months work profitably. Dont wait, how do you no the rebound hasnt already occured?
You wont know, you will just be risking loosing even more money.

Secondly You was only going for 40 pip profit with no stop loss??

Also no-one here can help you, its your money.
This is the good information fry2010.
  • #114,755
  • Jan 25, 2009 12:20pm Jan 25, 2009 12:20pm
Quoting fry2010
To ZuZuFx.

Please read what I am about to type, I am sure many people here will agree with it.

Withdraw all your money that you have left, close your trade out.
Read everything again and set up a demo account.
Only invest that money you have when you are making money on your demo account. Treat the demo account like its real money.

Second advice is, only go with the current trend, always.
Some people can go counter trend, but that is something u must no you can do in a demo account.

I hope you do this, because if you hope you will make...

I agree this is very good advice and is the safest option.

My view of the GBP/USD is that in the very short term we could see down to 1.3735 again and then back up to 1.4050 level maybe as soon as this week, if this level is broken we could see as high as 1.44xx. I very much doubt we will go higher than 1.44xx before falling down again hard! This is only my personal view of the market, bear in mind there is also a lot of data coming out of the US this week and this can change things drastically in an instant.
Whenever you decide to close out this trade then you must follow the advise given and practice on demo account first until your 100% comfortable with going live. Once you are live use very very small margin and increase this very very slowly. Good luck and I hope you make the right decision.

Im currently flat until Monday morning
  • #114,756
  • Jan 25, 2009 12:24pm Jan 25, 2009 12:24pm
This appears to be a classic example of playing with scared money. If you can't afford to lose it - then it shouldn't have been in the market at all.

I am not trying to be hard here, but the fact that you didn't place a stop loss, and refuse to get out - you are getting what you deserve.
  • #114,757
  • Jan 25, 2009 12:27pm Jan 25, 2009 12:27pm
Quoting PipLand
I agree this is very good advice and is the safest option.

My view of the GBP/USD is that in the very short term we could see down to 1.3735 again and then back up to 1.4050 level maybe as soon as this week, if this level is broken we could see as high as 1.44xx. I very much doubt we will go higher than 1.44xx before falling down again hard! This is only my personal view of the market, bear in mind there is also a lot of data coming out of the US this week and this can change things drastically in an instant.
Whenever you decide to close out this...
Thank you all for the advice ....i know you all give me good advice but is the second time when i am doing this f... mistake ....i was in the same shit with the eur-usd last year when it was 1. 25... and i was buying on 1.39 ....and i recover from it....
  • #114,758
  • Jan 25, 2009 12:28pm Jan 25, 2009 12:28pm
Quoting ZuZuFx
.... If i can loose all , so be it ...but i can't close that deal now ! .... I can affort ! It's just a matter of time !!!
This is the part I don't quite get ?????? Anybody else ??
  • #114,759
  • Jan 25, 2009 12:32pm Jan 25, 2009 12:32pm
Quoting ZuZuFx
You are 100 % right but it's to late to withdraw ....if i do that i can save only 8.914 euro and loose 10.530 ....it's to late don't you think? If i can loose all , so be it ...but i can't close that deal now ! I understand what you mean ....i was on demo long time ago , i just ask from you to estimate when thw gpb will be 1,51 again ....because even if she go to 1.30 i better deposit 5.000 E again then loose 10.000 ! I can affort ! It's just a matter of time !!!
Its never too late to close a trade out as long as there is money to protect in your account. If you have it in your head that you never ever want to experience any drawdown from your account then you might as well forget Forex. You will make losing trades a lot! You need to decide when you will close a trade when it goes against you before you take the trade!

My view is that you will have to close this trade at a loss, the loss will be less painful if your lucky enough to see 1.4050 or 1.44xx.
  • #114,760
  • Jan 25, 2009 12:35pm Jan 25, 2009 12:35pm
from what i've seen..xe.com can be trusted..just have some faith..
if during asia session on h4,close below 3620,i think she will straight go to last week low..maybe she'll bounce or maybe she'll break thru the steep bearish tl..& we might see the sept85 3015..with some people here said about the "broken britainnia",i dont think that we might see the 1.5xxx soon..but we might bounce up to 1.4xxx at h4 62/50ema from last week low today..then,like eo always said,get your soldiers ready..then we tank..h4 close below 1.35,this week target for me is 1.30..but this is just from my view..i'm still learning also here..correct me if i am wrong..
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