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Cable Update (GBPUSD)

  • #174,021
  • Oct 8, 2009 2:19am Oct 8, 2009 2:19am
Quoting Inzider
Took short @ 1.5997 SL 1.6013 - No F*ck around, just a test!
Let's see!
Next snipe 1.6090 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #174,022
  • Oct 8, 2009 2:23am Oct 8, 2009 2:23am
damned hate to exit early , i am happy anyway , main target -1.6120
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  • #174,023
  • Oct 8, 2009 2:27am Oct 8, 2009 2:27am
resistance at 1.6070
  • #174,024
  • Oct 8, 2009 2:31am Oct 8, 2009 2:31am
Hey guys, i wanna share something that really bothering my mind. It's not about technical about GU but about my trading style.

I just trading live forex for almost a month after several months in demo. My dad has been trading for almost 10 years and keep blowing account everytime he put a capital on it. My father always put a pressure on me when i only go for 20-40 pips. My father and i have different account but he always push me to follow his trade, i would go for the trade if i got the same analysis on the chart but when i refused to take trade because it's too risky for my account he always angry with me because in the end he thought that trade is profitable and regreting me because i am not with him. This problem causing my emotion explode and make me do a bad trade.

Altough mainly i am targetting 20-40 pips each trade, for month i already grew my account 50% and my father just blow his account again.

can you guys give me advice how to solve this kind of situation?because i know you guys are the best teacher here.

thanks
good luck for y'all trading today!
  • #174,025
  • Oct 8, 2009 2:32am Oct 8, 2009 2:32am
Quoting Faryad
hello to allz
hey grashid howz ya bro ? howz ur trade
hi mate..

Superb...am doing great mate
  • #174,026
  • Oct 8, 2009 2:33am Oct 8, 2009 2:33am
Quoting FXFundi
Hey Tau, do you ever trade USD/ZAR - I have just bought a lot 7.35 with next order in at 7.30 - target 7.50
No - I don't. My current broker does not have this pair... Spread is also still a problem for me on this. If gold comes off it's highs with the next profit taking session - you should be good

Wish you all success!
  • #174,027
  • Oct 8, 2009 2:33am Oct 8, 2009 2:33am
Strong move up, and overbought on the lower t/f's atm, To the topside, next potential res res/sbr zone is the previous 1hr/4hr swing hi (also a prev 4hr swing lo )=prev res=potential res 6095-6125, that previous 4hr swing lo=po sbr extending to 6164. There is a descending potential resistance trend line on both 4hr and Daily that is just above current price..

Currently price finding some light supply at the intersection of 2 x fib fans from 7044 (38.2%) and 6740 (61.8%) -5767 moves...see screenshot below..

G/L

http://i34.tinypic.com/2wmnihx.gif
ex member
  • #174,028
  • Oct 8, 2009 2:35am Oct 8, 2009 2:35am
i don't mean to trade news but i will get out of my longs before the BOE event.
remember last time GBP spiked up before the BOE announcement but King crushed it afterwards.
trade safe everyone
  • #174,029
  • Oct 8, 2009 2:36am Oct 8, 2009 2:36am
Quoting crackberry
Hey guys, i wanna share something that really bothering my mind. It's not about technical about GU but about my trading style.

I just trading live forex for almost a month after several months in demo. My dad has been trading for almost 10 years and keep blowing account everytime he put a capital on it. My father always put a pressure on me when i only go for 20-40 pips. My father and i have different account but he always push me to follow his trade, i would go for the trade if i got the same analysis on the chart but when i refused to take trade...
Yip don't tell him what you're trading - or open a demo account and pretend it'sa reaql account - I could never trade with that sort of pressure... Trade your own system and tell pops to take a hike!
May the forex be with you |
  • #174,030
  • Oct 8, 2009 2:37am Oct 8, 2009 2:37am
Quoting crackberry
Hey guys, i wanna share something that really bothering my mind. It's not about technical about GU but about my trading style.

I just trading live forex for almost a month after several months in demo. My dad has been trading for almost 10 years and keep blowing account everytime he put a capital on it. My father always put a pressure on me when i only go for 20-40 pips. My father and i have different account but he always push me to follow his trade, i would go for the trade if i got the same analysis on the chart but when i refused to take trade...
runaway from home , different people, different styles , you can't play like your daddy cuz u are unique and u can think inyour own way , he can't also, no matter if u or he play with same strategy, he force you to open positions witch are bad trades , so don't ,if i were you i would open oposite to his positions , if hes that bad i wll be winning everytime , isnt he your best indicator or so ?
  • #174,031
  • Oct 8, 2009 2:39am Oct 8, 2009 2:39am
Quoting crackberry
Hey guys, i wanna share something that really bothering my mind. It's not about technical about GU but about my trading style.

I just trading live forex for almost a month after several months in demo. My dad has been trading for almost 10 years and keep blowing account everytime he put a capital on it. My father always put a pressure on me when i only go for 20-40 pips. My father and i have different account but he always push me to follow his trade, i would go for the trade if i got the same analysis on the chart but when i refused to take trade...
Good day to you,

Move out. Fire him as your trading partner. You do what you see fit....

Maybe you should explain to him that you value him as your farther and that you love him dearly, that you appreciate his input - but that you trade the way you feel comfortable with.

My 2c
Attached Image
  • #174,032
  • Oct 8, 2009 2:39am Oct 8, 2009 2:39am
Quoting crackberry
Hey guys, i wanna share something that really bothering my mind. It's not about technical about GU but about my trading style.

I just trading live forex for almost a month after several months in demo. My dad has been trading for almost 10 years and keep blowing account everytime he put a capital on it. My father always put a pressure on me when i only go for 20-40 pips. My father and i have different account but he always push me to follow his trade, i would go for the trade if i got the same analysis on the chart but when i refused to take...
Err, tell him to buzz off? If you are up 50% and he is down -1000% then why would you ever listen to his trading advice?
  • #174,033
  • Oct 8, 2009 2:39am Oct 8, 2009 2:39am
Just kicking back waiting for BOE, this one is going to be good!
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Trade Like a Robot make money Like a Bank
  • #174,034
  • Oct 8, 2009 2:41am Oct 8, 2009 2:41am
Quoting FXFundi
Yip don't tell him what you're trading - or open a demo account and pretend it'sa reaql account - I could never trade with that sort of pressure... Trade your own system and tell pops to take a hike!
yea, when i am underpressure i couldn't click the trigger. I always said that i wanted to trade my own style, but he still resist with his system that could blow anyone's account. When i am trading another pair such as AUD, he was pissed because it's too slow and push me to trade GU. I wish he could change.

thanks a lot dude
  • #174,035
  • Oct 8, 2009 2:41am Oct 8, 2009 2:41am
http://www.forexfactory.com/showpost...stcount=173965

BEER MONEY
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,036
  • Oct 8, 2009 2:43am Oct 8, 2009 2:43am
Quoting crackberry
Hey guys, i wanna share something that really bothering my mind. It's not about technical about GU but about my trading style.

I just trading live forex for almost a month after several months in demo. My dad has been trading for almost 10 years and keep blowing account everytime he put a capital on it. My father always put a pressure on me when i only go for 20-40 pips. My father and i have different account but he always push me to follow his trade, i would go for the trade if i got the same analysis on the chart but when i refused to take trade...
10 YEARS OF FAILURE!!!! I never knew there would parental abuse for Forex Trading. He definetly seems like the type of role model I would want mentoring me. At that point if he is failing that many years in a row, he should take the opposite trade on every decision he makes, that would probably render major success.
Trade Like a Robot make money Like a Bank
  • #174,037
  • Oct 8, 2009 2:45am Oct 8, 2009 2:45am
Quoting raz
Just kicking back waiting for BOE, this one is going to be good!
..as i say big boy will selling it off at higher price
  • #174,038
  • Oct 8, 2009 2:46am Oct 8, 2009 2:46am
Quoting sinner-
Err, tell him to buzz off? If you are up 50% and he is down -1000% then why would you ever listen to his trading advice?
yea, i always wanted to say that dude,everytime i ignored him coincidently the trade that he advised is correct and that's what made him a douche bag. Every single time he's correct he gave me a hard time in the office and the house.



Thanks
  • #174,039
  • Oct 8, 2009 2:50am Oct 8, 2009 2:50am
Quoting TauTrader
Good day to you,

Move out. Fire him as your trading partner. You do what you see fit....

Maybe you should explain to him that you value him as your farther and that you love him dearly, that you appreciate his input - but that you trade the way you feel comfortable with.

My 2c
yea i always trying to do that, but when he talks about trading advise, it always giving me some pressure so i better stay out from the computer because trading with high emotion will give me some loss.

i always apreciate with his advise but it's him that give a fuss about i am rejecting his input. If the advise that he is giving correct, he would give me really hard time in the office.

thanks for the input though!^^
  • #174,040
  • Oct 8, 2009 2:50am Oct 8, 2009 2:50am
Quoting grashid
..as i say big boy will selling it off at higher price
Not till at least 1.6140 bro ...
Veni, Vidi, Vici (We came, we saw, we conquered)
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