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Cable Update (GBPUSD)

  • #201,501
  • Feb 24, 2010 6:26am Feb 24, 2010 6:26am
Quoting PipChick
Hi Baby-Trader?
I was wondering, is that a demo acct? If not, that is very high risk. Correct?
wooops ... & here I was trying to be subtle. But you ...... [image below]
Attached Image
Thank You
  • #201,502
  • Feb 24, 2010 6:28am Feb 24, 2010 6:28am
Quoting PipChick
Hi Baby-Trader?
I was wondering, is that a demo acct? If not, that is very high risk. Correct?
Hi PipChick,

What is the difference for you.
Treat it as a demo account.

for your live account imagine the result if you use mini lots 0.1 instead of standard lot 1

also, no one is negative.
and the result also over 700 pip.

Regards,
  • #201,503
  • Feb 24, 2010 6:29am Feb 24, 2010 6:29am
Quoting wormboy
wooops ... & here I was trying to be subtle. But you ...... [image below]
Well wormboy, the only reason I ask is not to challenge but I know that I would never risk that much or have that many positions on at the same time. I would like a clear answer on this mainly because... to the noobs it appears to be very enticing. Either he has a HUGE account or is trading micros (which is fine, nothing wrong with that) but we definately need to be clear on this because it surely makes a difference for the noobs.
  • #201,504
  • Feb 24, 2010 6:30am Feb 24, 2010 6:30am
Ok so you are telling me it is a demo acct right?

Quoting Baby-Trader
Hi PipChick,

What is the difference for you.
Treat it as a demo account.

for your live account imagine the result if you use mini lots 0.1 instead of standard lot 1

also, no one is negative.
and the result also over 700 pip.

Regards,
  • #201,505
  • Feb 24, 2010 6:31am Feb 24, 2010 6:31am
Quoting nAVIN2007
i guess what azim is after and me as well..what % risk were u placing to achieve those results, very impressive u can answer in terms of margin ie 5-10% or whatever. It gives an idea of your strength u see..that is why i ask
OK nAVIN2007,
I risk 30-40% under certain market conditions.
but in normal I risk 5%
  • #201,506
  • Feb 24, 2010 6:31am Feb 24, 2010 6:31am
Quoting wormboy
wooops ... & here I was trying to be subtle. But you ...... [image below]

talk about hitting the nail into the head..damn
  • #201,507
  • Feb 24, 2010 6:32am Feb 24, 2010 6:32am
See, there is a difference Baby-Trader. I took a 10K acct to 100K once in 2 weeks. Sounds awsome right? Dang am I the best trader int he world or what? Hell no! I completely over leveraged, took risky trades to get there. Would I do that in my live account? ABSOLUTELY NOT! That is the difference. But see, the noobs have no idea about htis concept. All they see is MONEY! Im sorry, I dont mean to challenge, just looking out for the less experienced traders.

Quoting Baby-Trader
Hi PipChick,

What is the difference for you.
Treat it as a demo account.

for your live account imagine the result if you use mini lots 0.1 instead of standard lot 1

also, no one is negative.
and the result also over 700 pip.

Regards,
  • #201,508
  • Feb 24, 2010 6:33am Feb 24, 2010 6:33am
Quoting Baby-Trader
OK nAVIN2007,
I risk 30-40% under certain market conditions.
but in normal I risk 5%

becarefull with 30-40% that seems very high..but excellent work bro!!

welldone

not sure if that is demo,.. I was thinking it was live, u have to becarefull buddy , demo exclde emotions once u trade live. The difference between my live account and demo account is 1 million :1 in favour of the demo

If i could trade live like my demo id be millionaire in every life time...lol

Trade demo like real money otherwise market gonna hit yah for six like test match cricket
  • #201,509
  • Feb 24, 2010 6:36am Feb 24, 2010 6:36am
Quoting PipChick
Ok so you are telling me it is a demo acct right?
the account.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 14 KB
  • #201,510
  • Feb 24, 2010 6:38am Feb 24, 2010 6:38am
Quoting PipChick
Well wormboy, the only reason I ask is not to challenge but I know that I would never risk that much or have that many positions on at the same time. I would like a clear answer on this mainly because... to the noobs it appears to be very enticing. Either he has a HUGE account or is trading micros (which is fine, nothing wrong with that) but we definately need to be clear on this because it surely makes a difference for the noobs.
I understand perfectly your reasoning pc, I wouldn't risk that much either because I can't afford it as well
Thank You
  • #201,511
  • Feb 24, 2010 6:39am Feb 24, 2010 6:39am
Is that FXCM?

Quoting Baby-Trader
the account.
  • #201,512
  • Feb 24, 2010 6:39am Feb 24, 2010 6:39am
Quoting PipChick
See, there is a difference Baby-Trader. I took a 10K acct to 100K once in 2 weeks. Sounds awsome right? Dang am I the best trader int he world or what? Hell no! I completely over leveraged, took risky trades to get there. Would I do that in my live account? ABSOLUTELY NOT! That is the difference. But see, the noobs have no idea about htis concept. All they see is MONEY! Im sorry, I dont mean to challenge, just looking out for the less experienced traders.
Believe me,
I have a college who gained 47000 $ in just 3 Hours in his live account.
I saw his trades live.
his equity at that time was 38000$.
  • #201,513
  • Feb 24, 2010 6:41am Feb 24, 2010 6:41am
Isnt that FXCM platform you are using?
Quoting Baby-Trader
Believe me,
I have a college who gained 47000 $ in just 3 Hours in his live account.
I saw his trades live.
his equity at that time was 38000$.
  • #201,514
  • Feb 24, 2010 6:41am Feb 24, 2010 6:41am
Quoting Clouds
problem is, gbp and usd are both bullish, so it'll probably just slowly crawl towards 1.35 and then it's a toss up whether a bounce or through the lows.
The only bullish currency on this period is JYP. U is stronger than G. How far can J go. If not mistaken, will break new record for U & G.
Face both Win and Lose bravely
  • #201,515
  • Feb 24, 2010 6:44am Feb 24, 2010 6:44am
Quoting Baby-Trader
Believe me,
I have a college who gained 47000 $ in just 3 Hours in his live account.
I saw his trades live.
his equity at that time was 38000$.
That makes him a gambler not a trader remember jessie livermore commit suicide cause he lost everything to the market..trading is always a hunch on direction regrdless of market conditions..the people that understand this always use mm the ones that dont lose in the end..just my 2 cents
  • #201,516
  • Feb 24, 2010 6:44am Feb 24, 2010 6:44am
Quoting nAVIN2007
talk about hitting the nail into the head..damn
lol you're sharp !
Thank You
  • #201,517
  • Feb 24, 2010 6:45am Feb 24, 2010 6:45am
I definitely know the MM concepts.
and I apply it to my trades strictly.

But at some points I lose my mind when scalping.
so If lost about 50% of my account when scalping I will go back to my normal trades to build my equity again.
and then I risk all of extra profit in the next tradeS.

mmmm I'm crazy
  • #201,518
  • Feb 24, 2010 6:45am Feb 24, 2010 6:45am
Quoting PipChick
Isnt that FXCM platform you are using?
yes it is
  • #201,519
  • Feb 24, 2010 6:47am Feb 24, 2010 6:47am
Baby Trader,
My question is..is that FXCM platform you are using?

Quoting nAVIN2007
That makes him a gambler not a trader remember jessie livermore commit suicide cause he lost everything to the market..trading is always a hunch on direction regrdless of market conditions..the people that understand this always use mm the ones that dont lose in the end..just my 2 cents
  • #201,520
  • Feb 24, 2010 6:47am Feb 24, 2010 6:47am
Is it a USA account?
Quoting Baby-Trader
yes it is
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