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Cable Update (GBPUSD)

  • #180,821
  • Nov 4, 2009 3:18pm Nov 4, 2009 3:18pm
Quoting poortrader
The worst business ever. money leaves from your pocket like a water. Only big boys can earn because then know already where to move market.

5th and final account blown today.

Best wishes for you all guys. Now start looking newspaper for a job

Big boys will give you sometime but ultimately they will take everything and they keep making you stupid I have taken a decision now feeling very much tension free nothing left to give. In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey...
well i made money today i thought it was scalpers paradise 300 pips to be exact just playin this short term range it is awsome so easy to read up down up down like clockwork 6580/90 6550/60 all day long
FUTURE OF MX
  • #180,822
  • Nov 4, 2009 3:26pm Nov 4, 2009 3:26pm
Quoting TauTrader
Good day to you,

Thank you - yes, you are right. Was a bit thoughtless. Have not closed though - still in. Did some management on the position - may just have a small window to walk away. But gonna have to be Flash Gordon.

But all in all - just a silly trade. Strong like an Ox. I bend over, take my hiding and move on.

I wish you all success

Regards
dont worry bro! stay strong this one may just be the one!!
note:-2 week chart
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  • #180,823
  • Nov 4, 2009 3:28pm Nov 4, 2009 3:28pm
Quoting poortrader
The worst business ever. money leaves from your pocket like a water. Only big boys can earn because then know already where to move market.

5th and final account blown today.

Best wishes for you all guys. Now start looking newspaper for a job

Big boys will give you sometime but ultimately they will take everything and they keep making you stupid I have taken a decision now feeling very much tension free nothing left to give. In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey...

Sorry to hear that. Take some rest, come back with hard studies (technicals, money management, psycholgy tradin), apply what you studied on a free account with less money (don't take these account of 50 000$) they indicate nothing and push you to put huge money. When you feel ready, open a micro account. Not more than 25$ and apply all what you learned with discipline, i repeat with DISCIPLINE. If you can grow you account, continue. If you blow your account, means there is something wrong you did not apply, check your self and don't blame the market. No hasard in Forex. You have to folloow the move. If you can't or you have a doubt in your plan, keep away or get out if you are already.

Good luck
No Signal, No Trade. No fundamenals, No headache.
  • #180,824
  • Nov 4, 2009 3:29pm Nov 4, 2009 3:29pm
Pleased to hear you made money today but this isn't exactly the time to gloat about your 300 pips, i.e. someone says they're down and out and you say 'I made 300 pips today?', good on ya!

PS.. Malcomb, 2 days of losses can't compare to all the successes you've had in the past now can it so dust yourself down and get ready for the rest of the week okay!

Good luck


Quoting batwood
well i made money today i thought it was scalpers paradise 300 pips to be exact just playin this short term range it is awsome so easy to read up down up down like clockwork 6580/90 6550/60 all day long
  • #180,825
  • Nov 4, 2009 3:31pm Nov 4, 2009 3:31pm
Quoting poortrader
In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey will do what they want and no one can stop them

Goodluck.
Always a pattern. You didn't look hard enough.
Best business ever.

Come back stronger & more prepared. Good luck
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Thank You
  • #180,826
  • Nov 4, 2009 3:34pm Nov 4, 2009 3:34pm
Quoting poortrader
The worst business ever. money leaves from your pocket like a water. Only big boys can earn because then know already where to move market.

5th and final account blown today.

Best wishes for you all guys. Now start looking newspaper for a job

Big boys will give you sometime but ultimately they will take everything and they keep making you stupid I have taken a decision now feeling very much tension free nothing left to give. In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey...

u have 2 main problems :-

1) u trying to get rich and using no mm
2) brother trade yur edge without fear...u aint going to have 10 trades and get 8 of them successfull unless u scalping 10 pips a time, treat it as probability

trade 100 times and just know u going to make more than u lose..and dont even think about the money..the minute u do u screwed..like T says, this is is designed to finish u off!!!!!! once u start thinking money and stare at chart time, will stand still and the longer u think the more u will doubt and yur fear will eat u alive...forget the charts, develop the mind...

nothing exist, trendlines, fibs all BS all desinged to map price....u should pick a direction based on yur edge and play it out..if it works more often u make money and are successfull..kind regards u wont give up...be strong and recognise yur weakness and develop..

if u cant do this...then the time has come to rest..
  • #180,827
  • Nov 4, 2009 3:35pm Nov 4, 2009 3:35pm
Quoting isguru
Pleased to hear you made money today but this isn't exactly the time to gloat about your 300 pips, i.e. someone says they're down and out and you say 'I made 300 pips today?', good on ya!

PS.. Malcomb, 2 days of losses can't compare to all the successes you've had in the past now can it so dust yourself down and get ready for the rest of the week okay!

Good luck
just letting him know that there is a way to make money thats all take it how you will...
FUTURE OF MX
  • #180,828
  • Nov 4, 2009 3:39pm Nov 4, 2009 3:39pm
i see most people trying to predict the future...not gonna happen play the present watch it feel it...i dont care what the longer term charts say ther is always room to move against the trend even if only fo a short time...i use 1min 5min and 15min and 30 above just for a faint direction watch your levels on these short term charts and you will see results
FUTURE OF MX
  • #180,829
  • Nov 4, 2009 3:40pm Nov 4, 2009 3:40pm
Quoting poortrader
The worst business ever. money leaves from your pocket like a water. Only big boys can earn because then know already where to move market.

5th and final account blown today.

Best wishes for you all guys. Now start looking newspaper for a job

Big boys will give you sometime but ultimately they will take everything and they keep making you stupid I have taken a decision now feeling very much tension free nothing left to give. In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey...
Sorry for your losses, I really am.

However, you really need to take full responsibility for your actions and not blame the "big boys" for your failings, seriously.

Until you can admit that your approach was at fault, nothing else, there is no hope for you in the markets. The market is what the market is and it'll go where it wants to go, irrespective of you and I. The sooner you accept this and learn to go with the flow, observe the price and what is happening here and now, the closer you'll become to making something from this great business.
  • #180,830
  • Nov 4, 2009 3:43pm Nov 4, 2009 3:43pm
Quoting gammase1
Sorry for your losses, I really am.

However, you really need to take full responsibility for your actions and not blame the "big boys" for your failings, seriously.

Until you can admit that your approach was at fault, there is no chance for you in this business. The market is what the market is and it'll go where it wants to go, irrespective of you and I. The sooner you accept this and learn to go with the flow, observe the price and what is happening here and now, the closer you'll become to making something from this great business.
well said
FUTURE OF MX
  • #180,831
  • Nov 4, 2009 3:43pm Nov 4, 2009 3:43pm
Quoting gammase1
Sorry for your losses, I really am.

However, you really need to take full responsibility for your actions and not blame the "big boys" for your failings, seriously.

Until you can admit that your approach was at fault, there is no chance for you in this business. The market is what the market is and it'll go where it wants to go, irrespective of you and I. The sooner you accept this and learn to go with the flow, observe the price and what is happening here and now, the closer you'll become to making something from this great business.

hi paul...yes that is a very good point..except u are responcible and not the big boyz..they did not make u press the buttons
  • #180,832
  • Nov 4, 2009 3:57pm Nov 4, 2009 3:57pm
Quoting batwood
i see most people trying to predict the future...not gonna happen play the present watch it feel it...i dont care what the longer term charts say ther is always room to move against the trend even if only fo a short time...i use 1min 5min and 15min and 30 above just for a faint direction watch your levels on these short term charts and you will see results
posting chart will speak volumes
  • #180,833
  • Nov 4, 2009 4:00pm Nov 4, 2009 4:00pm
Quoting poortrader
The worst business ever. money leaves from your pocket like a water. Only big boys can earn because then know already where to move market.

5th and final account blown today.

Best wishes for you all guys. Now start looking newspaper for a job

Big boys will give you sometime but ultimately they will take everything and they keep making you stupid I have taken a decision now feeling very much tension free nothing left to give. In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey...
so manytimes I think with the same way you think my friend, for example, yesterdays sudden upmove what was the logic of it? nothing except cleaning the stops before deep down move? maybe... my stoch osilator show overbought overbought, still ooverbought but still buying why? because they want so, etc.. I wish you succes in your life, Allah is always with you... Take it easy, money can be earned all the time, the health comes first, dont think too much about it, at least you can sleep well, you do not have to care about your account if it blow up or not... take care my friend...
Chief Member of 220 mph Riders Club...
  • #180,834
  • Nov 4, 2009 4:06pm Nov 4, 2009 4:06pm
Quoting kanji
so manytimes I think with the same way you think my friend, for example, yesterdays sudden upmove what was the logic of it? nothing except cleaning the stops before deep down move? maybe... my stoch osilator show overbought overbought, still ooverbought but still buying why? because they want so, etc.. I wish you succes in your life, Allah is always with you... Take it easy, money can be earned all the time, the health comes first, dont think too much about it, at least you can sleep well, you do not have to care about your account if it blow up...
it is sad and i admire him to be honest..this can destroy u..i personally have had on hell of a bad month and this week is no different..
  • #180,835
  • Nov 4, 2009 4:10pm Nov 4, 2009 4:10pm
Quoting direct-trade
Been busy and not much time to post, one thing I do know is that this is going to drop so far that many accounts are going to be blown.

You heard it here first, 15500 and below by Friday...

Got to go, busy watching HUGE sell orders flowing in...may take a day or so for the show to begin, but begin it certainly will.

u still maintaining that target by fri ?
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #180,836
  • Nov 4, 2009 4:11pm Nov 4, 2009 4:11pm
This point of view is totally wrong the market has to be difficult ,only with knowledge and experience you can beat it ,but not on 5 min tf if you are new
If it wasn't difficult with plenty of red herrings ...

Quoting kanji
so manytimes I think with the same way you think my friend, for example, yesterdays sudden upmove what was the logic of it? nothing except cleaning the stops before deep down move? maybe... my stoch osilator show overbought overbought, still ooverbought but still buying why? because they want so, etc.. I wish you succes in your life, Allah is always with you... Take it easy, money can be earned all the time, the health comes first, dont think too much about it, at least you can sleep well, you do not have to care about your account if it blow up...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #180,837
  • Nov 4, 2009 4:14pm Nov 4, 2009 4:14pm
Quoting Bones
This point of view is totally wrong the market has to be difficult ,only with knowledge and experience you can beat it ,but not on 5 min tf if you are new
If it wasn't difficult with plenty of red herrings ...
hear hear

bloody weekly is failling me and they talking 5 minutes

Quoting Turveyd
I'd like 20second charts to improve the accuracy entry wise, I've got tick and doesn't really work for me.
yea
  • #180,838
  • Nov 4, 2009 4:16pm Nov 4, 2009 4:16pm
Quoting gammase1
Sorry for your losses, I really am.

However, you really need to take full responsibility for your actions and not blame the "big boys" for your failings, seriously.

Until you can admit that your approach was at fault, nothing else, there is no hope for you in the markets. The market is what the market is and it'll go where it wants to go, irrespective of you and I. The sooner you accept this and learn to go with the flow, observe the price and what is happening here and now, the closer you'll become to making something from this great business....
Dead on Paul....

Sad but true.
Ghost Rider - WWTBMD?
  • #180,839
  • Nov 4, 2009 4:17pm Nov 4, 2009 4:17pm
howz it going Nav
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #180,840
  • Nov 4, 2009 4:20pm Nov 4, 2009 4:20pm
Quoting Bones
howz it going Nav
not great brother...still in the weekly pin on cable and took the euro trade as well bearish engulf weekly...i hope they works out...losing faith in cable but weekly euro might be ok....i think

hows u bro? ...u smashing the pips most likely
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