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Cable Update (GBPUSD)

  • #149,901
  • Jul 23, 2009 6:24am Jul 23, 2009 6:24am
Quoting giribabu
I mean You cannot always be in the market....

My method is to wait for the perfect signal and take 20-30 pips for the day and take off for the day..

When building a nest egg, that works well. When making a living from a very small account? Not so much...lol

And the "perfect" signal should be yeilding 100 or more easy. I would say you're cutting yourself short.
Ghost Rider - WWTBMD?
  • #149,902
  • Jul 23, 2009 6:24am Jul 23, 2009 6:24am
Quoting giribabu
I mean You cannot always be in the market....

My method is to wait for the perfect signal and take 20-30 pips for the day and take off for the day..

Thats the way to do it, IF you've got the patience.

Jumping in part of the way through a powerful momentum move and not being greedy is how to do it.

You'll generally get 3 - 5 of them per day, catch 1 and you can live off it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,903
  • Jul 23, 2009 6:25am Jul 23, 2009 6:25am
Quoting eshrira
so you take 10 pip winners, and whats your loosers? 20? so you have to be ritw 80% to take a single trade profit.

im not trying to get people pissed here. i just know i blew 2 live accts trading like 90% of this forum trades. and all the people that were around 3 yrs ago arent posting anymore, so i assume they blew up thats all.

I started making $ only when i dropped my small winners and small TF

peace
Thats a big assumption - I actually think that tha reason most ppl stop posting is bcos they are making money and don't need to read FF anymore.
  • #149,904
  • Jul 23, 2009 6:26am Jul 23, 2009 6:26am
Quoting albchr
When building a nest egg, that works well. When making a living from a very small account? Not so much...lol

I could live on 25pips per day x's $10 = $250 or £3000 GBP per month
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,905
  • Jul 23, 2009 6:27am Jul 23, 2009 6:27am
Anyone else watching Geppy??
  • #149,906
  • Jul 23, 2009 6:28am Jul 23, 2009 6:28am
Yes. GJ bounced off a pretty good support level. So is euro > 14204.
  • #149,907
  • Jul 23, 2009 6:29am Jul 23, 2009 6:29am
Quoting stewrigh
Anyone else watching Geppy??
Thank You
  • #149,908
  • Jul 23, 2009 6:30am Jul 23, 2009 6:30am
Quoting Turveyd
I could live on 25pips per day x's $10 = $250 or £3000 GBP per month
$300 (5 days) would be bear minimum for me and that won't add to my account...LOL
Ghost Rider - WWTBMD?
  • #149,909
  • Jul 23, 2009 6:31am Jul 23, 2009 6:31am
thanx Uncle Sam! I put my SL for 1.6578 at first but as it went south, I brought it to a 65 pip SL, is it okay?
  • #149,910
  • Jul 23, 2009 6:32am Jul 23, 2009 6:32am
Quoting Turveyd
Thats the way to do it, IF you've got the patience.

Jumping in part of the way through a powerful momentum move and not being greedy is how to do it.

You'll generally get 3 - 5 of them per day, catch 1 and you can live off it.
Thats the biggest lession that I learnt after blowing my account several times
when I started 5 months back..

With my method.. Last month I made about 900 pips and this month I made 400pips. I was out of trading most part of the month so less pips.
  • #149,911
  • Jul 23, 2009 6:33am Jul 23, 2009 6:33am
Quoting stewrigh
Thats a big assumption - I actually think that tha reason most ppl stop posting is bcos they are making money and don't need to read FF anymore.
Yep......spot on Stew!

And then there are those who stick around to help others and not wander in to blast the way others trade.
Ghost Rider - WWTBMD?
  • #149,912
  • Jul 23, 2009 6:33am Jul 23, 2009 6:33am
Quoting albchr
$300 (5 days) would be bear minimum for me and that won't add to my account...LOL

And it would be 3times what I earn in a average month currently

I'm sure there are places in the world and life styles where $200 per month would make you the richest person in your town.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,913
  • Jul 23, 2009 6:33am Jul 23, 2009 6:33am
Hey Guyz! Wassup!!

What is your advice on tacking these new NFA regulations? Are you guyz switching to non-US brokers? My US broker is offering me a move to AUS but i've heard there are some legal problems with the move to Aus? Junna wanna know what are the plans of the folks here and whats the best solution to this problem. Thanks in advance for your replies!

Cheers!
  • #149,914
  • Jul 23, 2009 6:34am Jul 23, 2009 6:34am
Quoting giribabu
Thats the biggest lession that I learnt after blowing my account several times
when I started 5 months back..

With my method.. Last month I made about 900 pips and this month I made 400pips. I was out of trading most part of the month so less pips.

You currently profitable that puts you in the rare elite 2%, just stay there keep increasing your lots slowly and retire with the play boy bunny of your choosing
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,915
  • Jul 23, 2009 6:35am Jul 23, 2009 6:35am
Quoting gebuzor
thanx Uncle Sam! I put my SL for 1.6578 at first but as it went south, I brought it to a 65 pip SL, is it okay?
I hate how gbp/usd acts today. I was 40 pips in profit now it pulled back. I made 350 pips 3 days ago using same method. Today it looks ugly.Im trading without stop loss. Im willing to leave this position open and head to bed probably since market is slow.[/
  • #149,916
  • Jul 23, 2009 6:36am Jul 23, 2009 6:36am
when we will go down again??
  • #149,917
  • Jul 23, 2009 6:36am Jul 23, 2009 6:36am
Quoting Turveyd
And it would be 3times what I earn in a average month currently

I'm sure there are places in the world and life styles where $200 per month would make you the richest person in your town.

LOL..trust me, if were young, single, no family and not crippled, I'd find one!! LOL
Ghost Rider - WWTBMD?
  • #149,918
  • Jul 23, 2009 6:38am Jul 23, 2009 6:38am
Quoting UncleSam123
I hate how gbp/usd acts today. I was 40 pips in profit now it pulled back. I made 350 pips 3 days ago using same method. Today it looks ugly

Relax dude, employment news out in 50mins it's got people scared so it's flipping around abit random like wait till the news is over and digested then jump on the direction.

Easy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,919
  • Jul 23, 2009 6:39am Jul 23, 2009 6:39am
Quoting UncleSam123
I hate how gbp/usd acts today. I was 40 pips in profit now it pulled back. I made 350 pips 3 days ago using same method. Today it looks ugly.Im trading without stop loss. Im willing to leave this position open and head to bed probably since market is slow.[/
It gave us a wrong signal around at 1.6490 area...
I went short but quickly reallized that its wrong.. and still exited with 10pips...
  • #149,920
  • Jul 23, 2009 6:40am Jul 23, 2009 6:40am
Quoting albchr
LOL..trust me, if were young, single, no family and not crippled, I'd find one!! LOL

You'd have to put up with a much reduced life style to our western current 1 and likely a much reduced life expectancy.

More to life than money.

And just because $200 is alot there, doesn't mean Ferrari's and Playboy bunnies are any cheaper
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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