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Cable Update (GBPUSD)

  • #153,101
  • Jul 30, 2009 10:00am Jul 30, 2009 10:00am
Quoting GlobalMacro
LOL...no,no...this is actually what really happened...they tried to take off, then soon enough they found out, Oops, they're low on fuel, so they decided to play it safe and cancel the flight...and figured what the heck they might as well refuel over a cold one...LOL
  • #153,102
  • Jul 30, 2009 10:06am Jul 30, 2009 10:06am
Quoting nAVIN2007
I went long..
At least one of us wil be right.
May the forex be with you |
  • #153,103
  • Edited 10:37am Jul 30, 2009 10:09am | Edited 10:37am
Quoting a5h
Hi guys, this may not be the best place to post this type of thing but i have been following this thread daily and reading your posts for a couple of months now so here we go...

I recently made the transition from demo to live acount after 3 months + on demo of making a consistant profit. I am sure you have all heard this before but i have found the leap to live to be a shock to the system. Basically i have just closed the live acount after 2 weeks and a loss off 33% of my acount.

Losing real money just has a completly different psychological...

I can relate to this. For me, (and I just discovered this within the past few days), it comes to a little leap of faith in yourself. You were profitable for 3 months on demo right? I was for 6 and my first month live. You said you tightened up your stops "unlike" what you did in demo right? So did I. Every loss built up more panic, fear and anxiety over pulling that trigger right? That fear quickly made you loose sight of what you did on demo that made you succeed. That's what happened/is happening to me.

At some point you have to ask yourself, is it my trading skills/method or my fear over it being "real" money? For me, it's the latter. Everyone will handle this fear differently and some, cannot at all.

Ask yourself, what's the point of all that demo trading and learning if you're only going to change what you did to be profitable? I've spent the past three weeks asking myself this as I lost 25% of my account. I'm not saying it's easy or the way for everyone but for me, I have to forget the money aspect and focus on my trading style which, when implemented the way I've built it, IS profitable.

If you've found a profitable way to trade, then the only fear you have is the money end and not your skills. This is where the leap of faith comes in. BELIEVE in yourself.

Best wishes to you....
Ghost Rider - WWTBMD?
  • #153,104
  • Jul 30, 2009 10:10am Jul 30, 2009 10:10am
Quoting FXFundi
At least one of us wil be right.
gotta love when instinct is on point
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  • #153,105
  • Jul 30, 2009 10:15am Jul 30, 2009 10:15am
Quoting nAVIN2007
gotta love when instinct is on point
Grab your profits now buddy, bouncing off 6500....
Ghost Rider - WWTBMD?
  • #153,106
  • Jul 30, 2009 10:19am Jul 30, 2009 10:19am
Quoting albchr
Grab your profits now buddy, bouncing off 6500....
will let this ride out bro...u gotta believe in yourself right!..well said man! its difficult to get rid of emotion, i totally flopped big time when i was live...i lost 33% of my account and withdraw all my money, that was how much it affected me..last year august killed me

i reckon end of august i will be back on live and better be better...

the thing is simply.. I didnt know my sh*t well enough...and i paniced, its knowledge..learn this and u will improve
  • #153,107
  • Jul 30, 2009 10:24am Jul 30, 2009 10:24am
Quoting albchr
Grab your profits now buddy, bouncing off 6500....
wat u mean by bounching off 6500? Going north now?
  • #153,108
  • Jul 30, 2009 10:25am Jul 30, 2009 10:25am
anyway it fall tomorrow but if stupid thing wants to test 6570 even today OK, I will add very big short lot missile from there then and it will easily fall like a rock to 150 pips down from there!
ROBOT FOREX
  • #153,109
  • Jul 30, 2009 10:26am Jul 30, 2009 10:26am
Quoting leesm
wat u mean by bounching off 6500? Going north now?

Seems to be bouncing to me.
Ghost Rider - WWTBMD?
  • #153,110
  • Jul 30, 2009 10:26am Jul 30, 2009 10:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Seems no action for us tonight then......
All saved for tomm....
  • #153,111
  • Jul 30, 2009 10:28am Jul 30, 2009 10:28am
Hopefully it will come down a bit now. My eyes are going gaga
Disclaimer: Check your 1m charts
  • #153,112
  • Jul 30, 2009 10:31am Jul 30, 2009 10:31am
Quoting nAVIN2007
will let this ride out bro...u gotta believe in yourself right!..well said man! its difficult to get rid of emotion, i totally flopped big time when i was live...i lost 33% of my account and withdraw all my money, that was how much it affected me..last year august killed me

i reckon end of august i will be back on live and better be better...

the thing is simply.. I didnt know my sh*t well enough...and i paniced, its knowledge..learn this and u will improve
Yeah I just learned last week that summer is bad and July August the worst? Well, at first I thought "Oh great!". Then I said, if I can be profitable here, the rest of the year will be easy.....
Ghost Rider - WWTBMD?
  • #153,113
  • Jul 30, 2009 10:45am Jul 30, 2009 10:45am
Quoting albchr
Yeah I just learned last week that summer is bad and July August the worst? Well, at first I thought "Oh great!". Then I said, if I can be profitable here, the rest of the year will be easy.....
be carefull next month...its all about direction..forget about retraces and stuff....it will move quicker than u can break wind
  • #153,114
  • Jul 30, 2009 10:48am Jul 30, 2009 10:48am
Quoting nAVIN2007
be carefull next month...its all about direction..forget about retraces and stuff....it will move quicker than u can break wind

He who dares wins buddy...

Hmmmm.........I wonder where I read that??..
Ghost Rider - WWTBMD?
  • #153,115
  • Jul 30, 2009 10:52am Jul 30, 2009 10:52am
Quoting albchr
He who dares wins buddy...

Hmmmm.........I wonder where I read that??..
  • #153,116
  • Jul 30, 2009 10:58am Jul 30, 2009 10:58am
Quoting albchr
He who dares wins buddy...

Hmmmm.........I wonder where I read that??..
McCain election logo or was it General Custer ?
  • #153,117
  • Jul 30, 2009 11:02am Jul 30, 2009 11:02am
That makes 10 hours it's tried, but failed to close above 6500. Even if it tests 6530/50 again, this puppy's going.....
Ghost Rider - WWTBMD?
  • #153,118
  • Jul 30, 2009 11:02am Jul 30, 2009 11:02am
Lets see how it play if short from here.
  • #153,119
  • Jul 30, 2009 11:05am Jul 30, 2009 11:05am
I hate such days when stupid price resists my target all day
and still it knows and even understands that it can't resist falling
ROBOT FOREX
  • #153,120
  • Jul 30, 2009 11:05am Jul 30, 2009 11:05am
Quoting albchr
That makes 10 hours it's tried, but failed to close above 6500. Even if it tests 6530/50 again, this puppy's going.....
I see you trading more relaxed now bro
Thank You
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