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Cable Update (GBPUSD)

  • #149,821
  • Jul 23, 2009 2:47am Jul 23, 2009 2:47am
Quoting albchr
That's been the..
I won't say sane, just slower. That way you need not panic everytime the pair moves 20-30 odd pips in the other direction
Thank You
  • #149,822
  • Jul 23, 2009 2:50am Jul 23, 2009 2:50am
Quoting RichLadyFX
TP @ 6540.

Thanks to lion..
me too
  • #149,823
  • Jul 23, 2009 2:51am Jul 23, 2009 2:51am
Albchr (Chris) you've been a big inspiration for newbie traders like me, so please keep it going and keep your ticker relaxed!
A pip is only worth it if you know how much you risked to earn it
  • #149,824
  • Jul 23, 2009 2:56am Jul 23, 2009 2:56am
Quoting giribabu

Thats not my losses mate.. I said Lion made three losses in a row..
the end result is more important than petty things
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  • #149,825
  • Jul 23, 2009 2:57am Jul 23, 2009 2:57am
Quoting wormboy
I won't say sane, just slower. That way you need not panic everytime the pair moves 20-30 odd pips in the other direction
20 -30 pips for this pair in such volatile markets is not that much, for a SL purposes is just about the minimum for me atm. There is no gain without pain, and good entries will provide good profits only with good exits.
As for today, I am still waiting for the market to show me the path it wants to take, my sentiment is to go short below 1.6556. Market does not care about my sentiment/s, I shall follow the market.
Make sure losses are small and profits are bigger!
  • #149,826
  • Jul 23, 2009 2:58am Jul 23, 2009 2:58am
Quoting forexlion
me too
Thanks.

Give and you shall receive.
Great Bodies are Engineered not Born
  • #149,827
  • Jul 23, 2009 2:59am Jul 23, 2009 2:59am
Quoting forexlion
the end result is more important than petty things

I like that equity curve
Trading Makes Money!
  • #149,828
  • Jul 23, 2009 3:00am Jul 23, 2009 3:00am
[quote=forexlion;2896547]

You are From India right??
  • #149,829
  • Jul 23, 2009 3:00am Jul 23, 2009 3:00am
Quoting albchr
That's been the plan from the start. In fact, and I know your all gonna think this is CRAZY...because IT IS but, my goal since I started in Sept. was to make 10k a month. 6 for bills, 4 to grow the account. Over that time I've done so several times. Earlier on I also blew up a few demo accounts but haven't in the last 3 months.

As the account grows, I can slowly back down to a more...ummmm.... SANE trading method.

Like I said, CRAZY huh?
my trading method is pretty simple

apart from fxpro, i also got 2 accounts on ibfx

the first account is my savings account and the second is my crazy trade room where i trade as high as 50% a trade, every time i have profits i move it to the savings account and keep doing crazy trades

even if the second account blows, i can always fund it back and get back to the routine
  • #149,830
  • Jul 23, 2009 3:02am Jul 23, 2009 3:02am
[quote=amis0405;2896558]
Quoting forexlion

You are From India right??
yes, United Streets of Amritsar [USA]
  • #149,831
  • Jul 23, 2009 3:06am Jul 23, 2009 3:06am
Oh SURE....I go take a shower and you all sell and make it drop....LOL

Thanks for the kind words and wishes everyone.....
Trading may be a pain in the butt, but spending the time with all of you is well worth it....
Ghost Rider - WWTBMD?
  • #149,832
  • Jul 23, 2009 3:06am Jul 23, 2009 3:06am
[quote=forexlion;2896562]
Quoting amis0405
yes, United Streets of Amritsar [USA]
Forexlion, are you happy with the spreads and overall with those two brokers?
My broker mostly has a 4 pip spread on GU, which is too high for my liking...
also do you use mt4 to execute your trades or something faster?
Trading Makes Money!
  • #149,833
  • Jul 23, 2009 3:07am Jul 23, 2009 3:07am
Quoting 2be
20 -30 pips for ..
Thank You
  • #149,834
  • Jul 23, 2009 3:11am Jul 23, 2009 3:11am
[quote=Cencored;2896572]
Quoting forexlion

Forexlion, are you happy with the spreads and overall with those two brokers?
My broker mostly has a 4 pip spread on GU, which is too high for my liking...
also do you use mt4 to execute your trades or something faster?
spreads do not matter, trade execution matters most
  • #149,835
  • Jul 23, 2009 3:14am Jul 23, 2009 3:14am
we r going to the resistance @ page number 10000
  • #149,836
  • Jul 23, 2009 3:16am Jul 23, 2009 3:16am
Quoting 2be
20 -30 pips for this pair in such volatile markets is not that much, .
That's why I'll miss some good trades. With the lots I place, 3 - 5 pips against me and I have to kill it.

5 pips in profit and I'm at BE. So it's only picking the very best I can find and having them break hard and fast in my favor that gets it done.

I get stopped out a lot at BE or better but I figure, so what, I either reenter if I still feel strong about the direction or reevaluate if not.
Ghost Rider - WWTBMD?
  • #149,837
  • Jul 23, 2009 3:17am Jul 23, 2009 3:17am
[quote=Cencored;2896572]
Quoting forexlion

Forexlion, are you happy with the spreads and overall with those two brokers?
My broker mostly has a 4 pip spread on GU, which is too high for my liking...
also do you use mt4 to execute your trades or something faster?
I am more concerned about being in agreement with the market, rather then for a small difference of spread/s. What the Market Maker does not extract from you by spread they will certainly do in other ways, have no illusion, markets are manipulated. The important thing is to work on our approach to trading and not to allow ourselves to be manipulated by our emotions and false hopes, especially when in a loosing trade. One extra pip on spread in good profits will not make one poorer, but false hopes will take oone to cleaners rather fast.
Make sure losses are small and profits are bigger!
  • #149,838
  • Jul 23, 2009 3:19am Jul 23, 2009 3:19am
[quote=2be;2896591]
Quoting Cencored
I am more concerned about being in agreement with the market, rather then for a small difference of spread/s. What the Market Maker does not extract from you by spread they will certainly do in other ways, have no illusion, markets are manipulated. The important thing is to work on our approach to trading and not to allow ourselves to be manipulated by our emotions and false hopes, especially when in a loosing trade. One extra pip on spread in good profits will not make one poorer, but false hopes will take oone to cleaners...
Well said, thank you 2be!
Trading Makes Money!
  • #149,839
  • Jul 23, 2009 3:20am Jul 23, 2009 3:20am
Quoting UncleSam123
Pending order sell @ 1.6522 Target 1.6450
If anyone can remember I posted signals about 3 days ago for GBP/JPY and GBP/USD and I got +199 for GBP/JPY and +153 for GBP/USD so I hope this brings profit too.
Alright, and DOWN we go
  • #149,840
  • Jul 23, 2009 3:25am Jul 23, 2009 3:25am
Quoting UncleSam123
Alright, and DOWN we go
I don't know...I have a 1H TL it just bounced off of.

I'm thinkng I need to loose these TL's....
Ghost Rider - WWTBMD?
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