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Cable Update (GBPUSD)

  • #198,601
  • Feb 8, 2010 11:05am Feb 8, 2010 11:05am
Quoting Jassim
Taking a 1 and 2 Lotts position, calling it a big bang makes me sad...how much did you make ? 50 bucks ? Was it really worth it ?
Q: Was it worth it?
A: YES.

Small plays, I'm sorry to shame myself in front of the good graces of...wait, wtf are you anyways?

Oh yeah, nobody....

That puts the tally @ 723 on the week....GAINS.

I will take as many small bites of the apple as I can...take money where theres money to be taken. If this idea offends you, feel free to use the ignore feature of the forum.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,602
  • Feb 8, 2010 11:06am Feb 8, 2010 11:06am
and here we go again......
Revesal Trader
  • #198,603
  • Feb 8, 2010 11:06am Feb 8, 2010 11:06am
What is your risk exposure?

Quoting Magix
Q: Was it worth it?
A: YES.

Small plays, I'm sorry to shame myself in front of the good graces of...wait, wtf are you anyways?

Oh yeah, nobody....

That puts the tally @ 723 on the week....GAINS.

I will take as many small bites of the apple as I can...take money where theres money to be taken. If this idea offends you, feel free to use the ignore feature of the forum.
  • #198,604
  • Feb 8, 2010 11:07am Feb 8, 2010 11:07am
Quoting direct-trade
As for you son....

You have yet to answer my questions....

What is your target?
What is your R2R?

Please...I thought you were yet again finished with this thread.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,605
  • Feb 8, 2010 11:07am Feb 8, 2010 11:07am
Quoting Jassim
There comes one trade he increased the risk expsosure to 30% with S/L at 300 bps and went long on Cable at around 1.61xx... The market turned volatile and he started bleeding, now, the market is almost down more than 500 bps from 1.61xx...and he lost all the money he made over two years of winning trades...

Guys, this is a painful lesson......You cannot win by TRADING in forex, stocks, futures, options, etc...Name it...

[b]You can only win by trading in the style of George Soros....One objective, One Trend, One Direction.....once you meet...

There's one small problem, very few to none of us here has Soros's trading infrastructure to be able to trade anywhere like him.
He is one of the "they" you mentioned in your statement.

By the way, I disagree completely with your statement regarding not being able to win in forex. I trade currencies for a living, so I find your statement to be way off. I trade with & against the trend, makes no difference. The guy you mentioned in your statement did not lose because he just traded against the trend, he was also reckless where risk management is concerned. Read what you wrote again, you said he risked 30% on one particular trade, that does not sound like a person who's been trading for two years. Sounds more like someone who's only been trading for two months and been dependant on someone else's call on forex factory lol. Anyway, even if it's true (which I do not believe at all) he's been trading for 2 years, allowing oneself to risk 30% with ultra wide stops & kept watching & hoping for a turnaround while the immediate trend was clearly established is downright stupid, he deserved to get hammered, we don't deserve the negative rant.
Thank You
  • #198,606
  • Feb 8, 2010 11:11am Feb 8, 2010 11:11am
Good answer....what is your risk expsure, or what do you suggest the risk exposure should be to make a living out of trading Forex ?

Quoting wormboy
There's one small problem, very few to none of us here has Soros's trading infrastructure to be able to trade anywhere like him.
He is one of the "they" you mentioned in your statement.

By the way, I disagree completely with your statement regarding not being able to win in forex. I trade currencies for a living, so I find your statement to be way off. I trade with & against the trend, makes no difference. The guy you mentioned in your statement did not lose because he just traded against the trend, he was also reckless where risk management...
  • #198,607
  • Feb 8, 2010 11:13am Feb 8, 2010 11:13am
Quoting Jassim
Here is a fact: I know a guy who traded mostly winning trades based on one - two weeks based trading cycle. Normally he takes about 5% risk position with an equity capital of USD 150,000

Some of his position on the Cable can have slipages, sometimes a slipage can go for 300 bps, but he will wait since he does not want to lose by getting out prematurely./ Hence, he puts a s S/L sometimes at 500 bps...

There comes one trade he increased the risk expsosure to 30% with S/L at 300 bps and went long on Cable at around 1.61xx... The market turned volatile...
Maybe those who say it cant be done shouldnt interupt those who are doing it
  • #198,608
  • Feb 8, 2010 11:15am Feb 8, 2010 11:15am
Becareful on your confidence level sweety...the higher the confidence level the higher is the chance to go out of focus

Quoting digger1
Maybe those who say it cant be done shouldnt interupt those who are doing it
  • #198,609
  • Feb 8, 2010 11:18am Feb 8, 2010 11:18am
Quoting Jassim
Here is a fact: I know a guy who traded mostly winning trades based on one - two weeks based trading cycle. Normally he takes about 5% risk position with an equity capital of USD 150,000

Some of his position on the Cable can have slipages, sometimes a slipage can go for 300 bps, but he will wait since he does not want to lose by getting out prematurely./ Hence, he puts a s S/L sometimes at 500 bps...

There comes one trade he increased the risk expsosure to 30% with S/L at 300 bps and went long on Cable at around 1.61xx... The market turned volatile...
It appears that you tried to copy George Soros and FAILED. The other day you made a post that all the big guys whom you know were selling everything.........If you don't know how to trade, do something better than muddy the waters here. You ask how much money you made. Why, do you want part of it ? There are lot of ways to make money in Dubai. If this frustrates you, why not leave us alone and do something else ? May be time to use Click ?
  • #198,610
  • Feb 8, 2010 11:20am Feb 8, 2010 11:20am
Quoting Jassim
Good answer....what is your risk expsure, or what do you suggest the risk exposure should be to make a living out of trading Forex ?
It depends on your risk tolerance. Without knowing your threshold you will risk exposing yourself to unnecessary risk. For example it makes no sense to be risking 10usd/pip on a 1000usd account.
Thank You
  • #198,611
  • Feb 8, 2010 11:21am Feb 8, 2010 11:21am
Another Moron... If all the big guys are selling, then wasn't I right ? because I saw many going long, I was kind enough to tell what the big boys are doing you little piece of shit

Quoting vilas
It appears that you tried to copy George Soros and FAILED. The other day you made a post that all the big guys whom you know were selling everything.........If you don't know how to trade, do something better than muddy the waters here. You ask how much money you made. Why, do you want part of it ? There are lot of ways to make money in Dubai. If this frustrates you, why not leave us alone and do something else ? May be time to use Click ?
  • #198,612
  • Feb 8, 2010 11:21am Feb 8, 2010 11:21am
Quoting Jassim
Becareful on your confidence level sweety...the higher the confidence level the higher is the chance to go out of focus
My confidence level is fine , is yours , or is that why you have to come up with stories about other people and what they did or didnt do right or wrong and then make the assumption that you cant make any money doing this?
  • #198,613
  • Feb 8, 2010 11:22am Feb 8, 2010 11:22am
Again, good answer.....the best traders I have met, they take 5% - 10% risk....It does not matter what is the size of the equity capital....as long as you stick to the risk exposure rule....

Quoting wormboy
It depends on your risk tolerance. Without knowing your threshold you will risk exposing yourself to unnecessary risk. For example it makes no sense to be risking 10usd/pip on a 1000usd account.
  • #198,614
  • Feb 8, 2010 11:23am Feb 8, 2010 11:23am
You got no clue what I am talking about... get a life

Quoting digger1
My confidence level is fine , is yours , or is that why you have to come up with stories about other people and what they did or didnt do right or wrong and then make the assumption that you cant make any money doing this?
  • #198,615
  • Feb 8, 2010 11:25am Feb 8, 2010 11:25am
Quoting Jassim
Another Moron... If all the big guys are selling, then wasn't I right ? because I saw many going long, I was kind enough to tell what the big boys are doing you little piece of shit
Do you know the difference between talking and RANTING ? Go to schoold and get some education, Mr. Moron.
  • #198,616
  • Feb 8, 2010 11:26am Feb 8, 2010 11:26am
Ok....you seem like to get hurt and a very sensitive man

Quoting vilas
Do you know the difference between talking and RANTING ? Go to schoold and get some education, Mr. Moron.
  • #198,617
  • Feb 8, 2010 11:28am Feb 8, 2010 11:28am
Quoting Jassim
You got no clue what I am talking about... get a life
That is the clue - you tried, lost your life and inspite of that FAILED so now you try to "scare" people off ! How much you lost ? All Dubai-fellas are billionaires - invest fresh - I make it back for you for 50% management fee. Have guts ?
  • #198,618
  • Feb 8, 2010 11:30am Feb 8, 2010 11:30am
Quoting Jassim
You got no clue what I am talking about... get a life
Got a life thanks , what part didnt I get , you said you cant make any money doing this, pretty strait forward , I guess if you meant something different you would have posted something different , please explain oh great one
  • #198,619
  • Feb 8, 2010 11:32am Feb 8, 2010 11:32am
Do you trade like the assumptions that you made in your statement...you assumed that I lost ? and then made me an offer to trade my account for a 50% ? are you desperate ? all the traders are desperate for money any way? well well well...I dont know whether I should give you my money to trade sweet heart? FYI...I lost and made money...cannot complain...But also, I realized that money lost in Forex is a stupidity, and one should not continue losing money...

But, if some one is making money...Good, just dont lose them

Quoting vilas
That is the clue - you tried, lost your life and inspite of that FAILED so now you try to "scare" people off ! How much you lost ? All Dubai-fellas are billionaires - invest fresh - I make it back for you for 50% management fee. Have guts ?
  • #198,620
  • Feb 8, 2010 11:40am Feb 8, 2010 11:40am
Quoting Jassim
Do you trade like the assumptions that you made in your statement...you assumed that I lost ? and then made me an offer to trade my account for a 50% ? are you desperate ? all the traders are desperate for money any way? well well well...I dont know whether I should give you my money to trade sweet heart? FYI...I lost and made money...cannot complain...But also, I realized that money lost in Forex is a stupidity, and one should not continue losing money...

But, if some one is making money...Good, just dont lose them
I really feel sorry for you - you must have lost a great big amount to lose your head and become so bitter but that is because you followed money-bags - big fellas - not good Traders. It is tough. My advice, start small, follow someone good, there is no other field in which you can make as much money as in Forex. Peace be with you. Allah, The Merciful, is Great. Go and Pray to him - he will reward you for Humility. But don't rant there - he will throw you out !
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