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Cable Update (GBPUSD)

  • #154,141
  • Aug 2, 2009 7:24pm Aug 2, 2009 7:24pm
Hey Guys....just close my short position with $16.30 profit.

I'm off now.....no more trading for today......

My target profit achieved.....
  • #154,142
  • Aug 2, 2009 7:25pm Aug 2, 2009 7:25pm
I really dont 'think' if it is supported fundamentally or not- just do what you see. There is only one thing that you can do-Buy at a good price. Many people I know lost money last Friday just because they thought the whole bull move was unjustified and did not "see"

Just be quick, just change your opinion as soon as new facts emerge. Be a bull, or be a bear I dont care but dont pls be a pig in this bizness.

Quoting drerhys
Slide basically said I was thinking.
Its all in the mind.
  • #154,143
  • Aug 2, 2009 7:27pm Aug 2, 2009 7:27pm
Got to love that. I would love to meet my daily profit and walk away just like you someday but a 16 dollar does not even cover my steak lunch where I live

Quoting mohamedrizal
Hey Guys....just close my short position with $16.30 profit.

I'm off now.....no more trading for today......

My target profit achieved.....
Its all in the mind.
  • #154,144
  • Aug 2, 2009 7:33pm Aug 2, 2009 7:33pm
Quoting mohamedrizal
Hey Guys,

I entered short @ 1.67552 with SL @ 1.7758......

What do you think......?

Your ideas are welcome and appreciated.



Cheers
So you're risking 1000 pips???!!
There's always money in the banana stand.
  • #154,145
  • Aug 2, 2009 7:37pm Aug 2, 2009 7:37pm
IF you stick to this plan and dont chicken out you would make 500 pips on this trade atleast. Am not sure if it will hit 57

Quoting mohamedrizal
Hey Guys,

I entered short @ 1.67552 with SL @ 1.7758......

What do you think......?

Your ideas are welcome and appreciated.



Cheers
Its all in the mind.
  • #154,146
  • Aug 2, 2009 7:39pm Aug 2, 2009 7:39pm
dont overestimate anyone that may be a 1000 pips and only 10 dollars or only 10 pips but a 1000 dolllars. maks sense?>

Quoting LizardGizzard
So you're risking 1000 pips???!!
Its all in the mind.
  • #154,147
  • Edited 7:46pm Aug 2, 2009 7:42pm | Edited 7:46pm
Hey Guys,

I'm new in forex trading.....

5 months back when i first started out, i lost $1000 within 3 days (even not knowing at that time what pip is)..... after which, i told myself to learn as much as possible.....

I'm still learning and cant even compare 0.0000001% to any of you guys out there who's more experience and have more money to roll......

I've added another $500 dollars into my account 2 months back and this time i'm focusing on how to remove my emotions out of trading.....I am willing to lose this $500..... because i believe that's the only way i can learn how to trade and how to walk away with profit and not get greedy.....

Last week was disasterious when i lost $160+ from the $500......

But this week i am better then last week because i've learn more then last week and i want to disipline myself.

I will only trade 2 times per day & if any of those time i was to achive my 15pips, i will stop trading. If i was to lose both of those trades, i will stop also.

I'm going to do this for the next 2 months......

Guys..... please excuse me but i'm new and i like to hang around and get experience......


Feedbacks & suggestions please.......




Cheers
  • #154,148
  • Aug 2, 2009 7:43pm Aug 2, 2009 7:43pm
Quoting 5abi
dont overestimate anyone that may be a 1000 pips and only 10 dollars or only 10 pips but a 1000 dolllars. maks sense?>
I just think it was a typing error.
There's always money in the banana stand.
  • #154,149
  • Aug 2, 2009 7:46pm Aug 2, 2009 7:46pm
Quoting mohamedrizal
Hey Guys,

I'm new in forex trading.....

5 months back when i first started out, i lost $1000 within 3 days (even not knowing at that time what pip is)..... after which, i told myself to learn as much as possible.....

I'm still learning and cant even compare 0.0000001% to any of you guys out there who's more experience and have more money to roll......

I've added another $500 dollars into my account 2 months back and this time i'm focusing on how to remove my emotions out of trading.....I am willing to lose this $500..... because i believe...

If your target is only 15 pips, I'm guessing your risk/reward is wrong. Personally, I don't think you should ever target a specific amount of pips everyday, because its unrealistic and limiting. The market giveth what it will. Also, if you have less than $500, then you'd better be a very good trader or trading micro lots (1K). An experienced trader can trade with $500 but if you lost your lost account in 3 days, do be quite careful and please reconsider your risk-reward on each trade. And good luck!
There's always money in the banana stand.
  • #154,150
  • Aug 2, 2009 7:48pm Aug 2, 2009 7:48pm
Rizal,

Appreciate your willingness to learn this market. Not sure if I can drop any technical tips cuz I beleive every man has what suits him--but I have a few words to say when you say you lost 160 bucks in one day. or a 1000 in 3 days.

I would never risk more than 1 % on any trade. So on a 500 account I would not risk more than 5 dollars.

So if you are only trading twice a day, say that when you lose 5 bucks or make 5 bucks you would quit. Leanr the probabilities in this game, if I was trading full time and made 20 trades then I only need to win 11 trades out of 20 if my RR is 1:1 . Is 11 trades out of a 20 really that hard?

So I giess yeah you wanna learn with the 500 but make sure you dont riks 1 % or more during this learning process.




Quoting mohamedrizal
Hey Guys,

I'm new in forex trading.....

5 months back when i first started out, i lost $1000 within 3 days (even not knowing at that time what pip is)..... after which, i told myself to learn as much as possible.....

I'm still learning and cant even compare 0.0000001% to any of you guys out there who's more experience and have more money to roll......

I've added another $500 dollars into my account 2 months back and this time i'm focusing on how to remove my emotions out of trading.....I am willing to lose this $500..... because i believe that's...
Its all in the mind.
  • #154,151
  • Aug 2, 2009 7:50pm Aug 2, 2009 7:50pm
sold GY for 20 pips.
Its all in the mind.
  • #154,152
  • Edited 7:53pm Aug 2, 2009 7:50pm | Edited 7:53pm
Thank you very much for your advise Sir,

Will re-evaluate my system/strategy....




Cheers
  • #154,153
  • Aug 2, 2009 7:57pm Aug 2, 2009 7:57pm
That is why I love GY

Quoting 5abi
sold GY for 20 pips.
Its all in the mind.
  • #154,154
  • Aug 2, 2009 8:06pm Aug 2, 2009 8:06pm
tweezer top 60 min gu looks to simple for shorts. looks like trap to me

been lovely asian session trading 3 min charts
Blogging daily now at www.volume.zone
  • #154,155
  • Aug 2, 2009 8:06pm Aug 2, 2009 8:06pm
Two 20 pippers and I am out for the day. Nice start to the weekend, I am only 10 pips away from my weekly target

Trade well all.
Its all in the mind.
  • #154,156
  • Aug 2, 2009 8:11pm Aug 2, 2009 8:11pm
Hey dude, how ya been?

I did some reaseacrh on this volume thing (I got a demo from IBFX) that is intra bank volume (per their claims) and I put the A/D indi on it. I see some interesting relationships on the M5 and M15 TF.

May be when I am convinced I am not making an ass of myself and talkinf all gibbersih I will post some stuff. Though looks good on back testing.

Quoting malcolmb14
tweezer top 60 min gu looks to simple for shorts. looks like trap to me

been lovely asian session trading 3 min charts
Its all in the mind.
  • #154,157
  • Edited 8:15pm Aug 2, 2009 8:15pm | Edited 8:15pm
Congrat Mr 5abi


Happy weekend
  • #154,158
  • Aug 2, 2009 8:21pm Aug 2, 2009 8:21pm
Quoting 5abi
Hey dude, how ya been?

I did some reaseacrh on this volume thing (I got a demo from IBFX) that is intra bank volume (per their claims) and I put the A/D indi on it. I see some interesting relationships on the M5 and M15 TF.

May be when I am convinced I am not making an ass of myself and talkinf all gibbersih I will post some stuff. Though looks good on back testing.
vsa and /ad lines different. check out vsa thread I am in loads of good info on 1st page
Blogging daily now at www.volume.zone
  • #154,159
  • Aug 2, 2009 8:22pm Aug 2, 2009 8:22pm
erm.. looks good for buy a few pips.. what do u think guys
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #154,160
  • Aug 2, 2009 8:23pm Aug 2, 2009 8:23pm
I know I am trying to see if there is any proftable relation between 2..for example voulme is going up but distribtion is happening those kind of things.

Quoting malcolmb14
vsa and /ad lines different. check out vsa thread I am in loads of good info on 1st page
Its all in the mind.
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