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Cable Update (GBPUSD)

  • #200,521
  • Feb 18, 2010 10:38am Feb 18, 2010 10:38am
Down- 1.52 - FIB Projection

Use FIB Projection. Big guys are using it.

We are in downtrend. Use FIB projection.
  • #200,522
  • Feb 18, 2010 10:47am Feb 18, 2010 10:47am
SL hit, man down .

Done for today, GL everyone.
  • #200,523
  • Feb 18, 2010 10:47am Feb 18, 2010 10:47am
Profit Taking Here
230 Pip in H1

http://www.forexfactory.com/showthre...80#post3477280
  • #200,524
  • Feb 18, 2010 10:48am Feb 18, 2010 10:48am
i see....
what a nice analysis, so much for me to learn this week, and there's still tomorrow..
30% of my acc... i hope tomorrow will be a better day....
  • #200,525
  • Feb 18, 2010 10:49am Feb 18, 2010 10:49am
Quoting sohail212
SL hit, man down .

Done for today, GL everyone.
same here...
Revesal Trader
  • #200,526
  • Feb 18, 2010 10:55am Feb 18, 2010 10:55am
Quoting rictric
i see....
what a nice analysis, so much for me to learn this week, and there's still tomorrow..
30% of my acc... i hope tomorrow will be a better day....
word of advise, try not to risk too much money while learning my friend. Better yet, try not to risk anything at all.
Just a friendly reminder
Thank You
  • #200,527
  • Feb 18, 2010 10:58am Feb 18, 2010 10:58am
Quoting wormboy
word of advise, try not to risk too much money while learning my friend. Better yet, try not to risk anything at all.
Just a friendly reminder
yes, thanks..
  • #200,528
  • Feb 18, 2010 11:20am Feb 18, 2010 11:20am
Quoting wormboy
word of advise, try not to risk too much money while learning my friend. Better yet, try not to risk anything at all.
Just a friendly reminder

i am not too sure about that... i am new here as well... and i just play with small lot of money, but still REAL money. I still even play from time to time with some demo, and in one of them i still hold my long position on eurjpy @134.37
I don't want a job, i want money!
  • #200,529
  • Feb 18, 2010 11:36am Feb 18, 2010 11:36am
Quoting dario1002
i am not too sure about that... i am new here as well... and i just play with small lot of money, but still REAL money. I still even play from time to time with some demo, and in one of them i still hold my long position on eurjpy @134.37
that's all major new trader did...,senior give advise us (beginer) to demo demo and demo until we find a system that work and suitable for us, but don't know why, maybe not patient enough or he did good work in demo so he try to think "if it's real money i would be rich right now" and than he open real account...,
big or small it's not a problem..,it will grow by self if we do it right...,and don't forget MM....
hope the best for you...,and all trader here...
I will be the number one Manager.
  • #200,530
  • Feb 18, 2010 11:45am Feb 18, 2010 11:45am
Quoting rictric
yes, thanks..
Thank You
  • #200,531
  • Feb 18, 2010 11:45am Feb 18, 2010 11:45am
Quoting javapips
that's all major new trader did...,senior give advise us (beginer) to demo demo and demo until we find a system that work and suitable for us, but don't know why, maybe not patient enough or he did good work in demo so he try to think "if it's real money i would be rich right now" and than he open real account...,
big or small it's not a problem..,it will grow by self if we do it right...,and don't forget MM....
hope the best for you...,and all trader here...
true 100% but only a demo with only $300 max
  • #200,532
  • Feb 18, 2010 11:47am Feb 18, 2010 11:47am
Quoting javapips
that's all major new trader did...,senior give advise us (beginer) to demo demo and demo until we find a system that work and suitable for us, but don't know why, maybe not patient enough or he did good work in demo so he try to think "if it's real money i would be rich right now" and than he open real account...,
big or small it's not a problem..,it will grow by self if we do it right...,and don't forget MM....
hope the best for you...,and all trader here...

in demo i have the best method.... open a position and wait FOREVER that it's filled, meanwhile, open another position and do the same

it is working
I don't want a job, i want money!
  • #200,533
  • Feb 18, 2010 11:50am Feb 18, 2010 11:50am
Use the market to make money.
Don't let the market use you.
Don't try to predict what the market is going to do. Just tag along with caution.
  • #200,534
  • Feb 18, 2010 11:51am Feb 18, 2010 11:51am
Haha, alright, this setup didn't work out. Good thing the signal wasn't triggered, not taking a loss is almost won

Quoting tradeigel
Hi traders,

I am gonna be long as soon as this line is broken, esp. if it happens @ 50 Fibo.

What do you think?
  • #200,535
  • Feb 18, 2010 12:02pm Feb 18, 2010 12:02pm
Quoting dario1002
i am not too sure about that... i am new here as well... and i just play with small lot of money, but still REAL money. I still even play from time to time with some demo, and in one of them i still hold my long position on eurjpy @134.37
You are entitled to do as you please with your money buddy, it's not for me to dictate your trading plan. But, if for example a new trader does not have any sort of technically workable system that had been tested realtime for at least 6 months on demo, might as well forget live trading.
The reason is that nothing will prepare new traders for the psychological test that comes with trading live. Mentally, it can be very taxing & having a half arsed built trade system will not help the cause to be profitable in the long run. So having a well built & thoroughly tested technical system will definitely be a big boost to the confidence in the long run even if the chips are down. Believe me, the loss on say for example 10c/pip is never the same as being 10usd/pip down. The trading mentality is completely different on the higher levels.
There are so many traders who draw themselves into this business totally unprepared. You can easily identify them from their posts.
Maturity in this business will change all that tho, IF providing the newbies do not get wiped out clean before it's too late. It's extremely tough to bounce back when you're financially challenged to reinvest in this business imho. Any hardened trader will tell you the same.
Anyway, this is also justa friendly reminder & for all my yapping I do hope you already are well prepared & I wish you success in your future undertakings.
Good luck
Thank You
  • #200,536
  • Feb 18, 2010 12:13pm Feb 18, 2010 12:13pm
Quoting rictric
yes, thanks..
I continue to oppose those who claim demo trading isn't necessary. By the time u become profitable consistently on a demo, live trading becomes a faith accompli
  • #200,537
  • Feb 18, 2010 12:19pm Feb 18, 2010 12:19pm
Quoting wormboy
You are entitled to do as you please with your money buddy, it's not for me to dictate your trading plan. But, if for example a new trader does not have any sort of technically workable system that had been tested realtime for at least 6 months on demo, might as well forget live trading.
The reason is that nothing will prepare new traders for the psychological test that comes with trading live. Mentally, it can be very taxing & having a half arsed built trade system will not help the cause to be profitable in the long run. So having a well built...
i definitely agree with what u say. and i tested on myself the difference between the virtual trade and small lot real trade, and it's already a lot. I experienced already the difference between having a loss of 1000 euro in demo and having a loss of 20 euro for real and it's completely different. I had my 6 months demo trade and just couple of months of real trade with small lot. I intend do develop either my "mind structure" together with my strategy and... after that... i will see if to trade with some greater amount of money.
I don't want a job, i want money!
  • #200,538
  • Feb 18, 2010 12:26pm Feb 18, 2010 12:26pm
Quoting Bydyke
I continue to oppose those who claim demo trading isn't necessary. By the time u become profitable consistently on a demo, live trading becomes a faith accompli
it wouldnt say it is not necessary, but its something completely different if you close a loosing position with imaginary money or with hard dollars...but a system should be tested on a demo first, yea...
  • #200,539
  • Feb 18, 2010 12:30pm Feb 18, 2010 12:30pm
hai guy...
i have a problem using demo acc....cos it not real for me....i start trade using real money....about 10times i MC....but i never ever give up in this forex world...cos i know one day....i will find my own stategy....how to get back what i loss...

but now i still looking for a best stategy in forex world...hope one day...i can find it...
Revesal Trader
  • #200,540
  • Feb 18, 2010 12:38pm Feb 18, 2010 12:38pm
Probable start of the uptrend to 1.5900
SCARED MONEY NEVER DOES GOOD IN FOREX
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