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Cable Update (GBPUSD)

  • #201,661
  • Feb 24, 2010 12:38pm Feb 24, 2010 12:38pm
Quoting wormboy
lol hi5!
i think being a new trader you could be forgiven for the ignorance, but I've had 4 years of experience behind me, so what's my excuse for that kinda stupidity?
Moral of the story for me is, don't sit and watch a couple of hundred pips fly away just to see if I can get those levels my charts to work right. It's stupid. 300-400 pips isn't exactly a bag of peanuts.

that is true..but we learn much from the mistakes, main thing is hopefully we dont repeat the same mistakes and grow..

i remember both of us..at 2.0 knew this puppy was heading for a fall, imagine selling and holding to here..one day we gonna pull that off..and catch the whole range..might be in sleep but it will happen
  • #201,662
  • Feb 24, 2010 12:40pm Feb 24, 2010 12:40pm
Wormie,
Actually you guided me to read for Tom Demark.
so I read all his books.
the sweet thing is I'm a computer programmer.
and I applied all of his equations on the charts and I learn more & more from him.

The other one is Mark Douglas
And Robert Miner.

these writers boost my skills very very much.
because I started to collect their experience and started to generate my own.

Hope I can success in this game.
because I plan to depend on it on my life.

regards.
  • #201,663
  • Feb 24, 2010 12:45pm Feb 24, 2010 12:45pm
Quoting nAVIN2007
that is true..but we learn much from the mistakes, main thing is hopefully we dont repeat the same mistakes and grow..

i remember both of us..at 2.0 knew this puppy was heading for a fall, imagine selling and holding to here..one day we gonna full that off..and catch the whole range..might be in sleep but it will happen
I will tell some thing Navin

In one day 2 months ago
1 - Short EU @1.5134
2 - Short EU @1.5078
3- Short GU @1.6670
4- Long CHFUSD @ 1.0000

4 standard lots.
Imagin what if hold these positions for only 2 month.

I think my profits will be over 50000$

but I closed all of them on that day for only 3000$

but I didn't feel sad. because I'm still in the learning process.

good luck.
  • #201,664
  • Feb 24, 2010 12:51pm Feb 24, 2010 12:51pm
Quoting Baby-Trader
I will tell some thing Navin

In one day 2 months ago
1 - Short EU @1.5134
2 - Short EU @1.5078
3- Short GU @1.6670
4- Long CHFUSD @ 1.0000

4 standard lots.
Imagin what if hold these positions for only 2 month.

I think my profits will be over 50000$

but I closed all of them on that day for only 3000$

but I didn't feel sad. because I'm still in the learning process.

good luck.
well that is an achievment..for me i have grown a lot in trading displine..there was a time last year where i couldnt even get 50 pips, now same 50 pips is like nothing..always see the postive

trading is a piece of cake once your emotions are in check, gotta keep postive cause this is all about confidence cannot afford to be negative..dont see what u could have got, focus on the fact that your account grew

keep learning and stay postive and believe!!!!!
  • #201,665
  • Feb 24, 2010 12:58pm Feb 24, 2010 12:58pm
Quoting Baby-Trader
Hi damonl
thanks.

I used to see you at asian session not New Yourk session
Progressing my way to full-time trading....I think I like getting up about 10:30 GMT and trading through the day. Been laid off for a while and making steps to never have to go back...Asian is too slow for the volume of trades I need and I don't want to stay up for opening of London, so here I am....
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,666
  • Feb 24, 2010 12:59pm Feb 24, 2010 12:59pm
Quoting nAVIN2007
that is true..but we learn much from the mistakes, main thing is hopefully we dont repeat the same mistakes and grow..

i remember both of us..at 2.0 knew this puppy was heading for a fall, imagine selling and holding to here..one day we gonna pull that off..and catch the whole range..might be in sleep but it will happen
lol that's right bro, hopefully we don't make those mistakes again.
Thank You
  • #201,667
  • Feb 24, 2010 1:07pm Feb 24, 2010 1:07pm
Quoting Baby-Trader

Hope I can success in this game.
because I plan to depend on it on my life.

regards.
It can be done. I trade for a living. But, equity/acct sizes aside, there are other things that can make it harder to trade profitably. Your needs, the standard of living in your country etc etc can dictate your trading mentality. I don't have a large account but I'm lucky enough to be in a country where I average out my monthly gains at approx 3000usd I already belong in the middle/upper class group. Spending power here is low so I don't really need to be hitting large monthly to live comfortably.
Believe me, imho this factor could play a part in your trading psychology for better or worse.
Thank You
  • #201,668
  • Feb 24, 2010 1:16pm Feb 24, 2010 1:16pm
Quoting wormboy
lol .. how's your day coming c? hope you're trading well
Lets just say I have had better weeks. So far this week I have taken my 27% return on account down to an 18% gain. Yesterday was a disaster and today was not much better. Holding these longs thinking we should get the end of month fib retracement. Let's see what happens, but I am starting to have a bad feeling about the longs. Time will tell.
  • #201,669
  • Feb 24, 2010 1:16pm Feb 24, 2010 1:16pm
Quoting wormboy
It can be done. I trade for a living. But, equity/acct sizes aside, there are other things that can make it harder to trade profitably. Your needs, the standard of living in your country etc etc can dictate your trading mentality. I don't have a large account but I'm lucky enough to be in a country where I average out my monthly gains at approx 3000usd I already belong in the middle/upper class group. Spending power here is low so I don't really need to be hitting large monthly to live comfortably.
Believe me, imho this factor could play a part...

Congrats to your trading success
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,670
  • Feb 24, 2010 1:22pm Feb 24, 2010 1:22pm
Quoting damonl
Congrats to your trading success
it's not an overwhelming success but thank you
Nice 12 pips range here damon, you're not scalping?
Thank You
  • #201,671
  • Feb 24, 2010 1:26pm Feb 24, 2010 1:26pm
Quoting wormboy
It can be done. I trade for a living. But, equity/acct sizes aside, there are other things that can make it harder to trade profitably. Your needs, the standard of living in your country etc etc can dictate your trading mentality. I don't have a large account but I'm lucky enough to be in a country where I average out my monthly gains at approx 3000usd I already belong in the middle/upper class group. Spending power here is low so I don't really need to be hitting large monthly to live comfortably.
Believe me, [b]imho this factor could play a part...
Yes sir,
This is why I still at my full time work.
I want to bank as much as I can before I leave my work.
I also belong the the middle/upper class group and I want to work for myself not for a company and don't like people looking over my shoulders.
in my country 1500$ is enough to live like upper class life style.

I started trading with only 7000$ and in the first trading week I lost 50% of it.
now I got them back and banked them. and now I'm trading with the Market Money so my risk is high. no thing to lose but I always learn and build my trading mentality and this is my goal in 2010. hope I can achieve it.

Sorry the English is my second language.

Good Luck sir and thank you.
  • #201,672
  • Feb 24, 2010 1:27pm Feb 24, 2010 1:27pm
Quoting Ctic
Lets just say I have had better weeks. So far this week I have taken my 27% return on account down to an 18% gain. Yesterday was a disaster and today was not much better. Holding these longs thinking we should get the end of month fib retracement. Let's see what happens, but I am starting to have a bad feeling about the longs. Time will tell.
18% is still phenomenal result c, good stuff
maybe you should just call it quits for the remaining of this month and relax a bit no?
Oh btw, I know what you mean by having bad feelings lol. I do find at times, my gut instinct is the best indicator i can have, however irrational that sounds. Maybe you wanna let go off your longs and let us bears paaaaaaaaaaaarty?

jk. have a good one!
Thank You
  • #201,673
  • Feb 24, 2010 1:28pm Feb 24, 2010 1:28pm
Quoting wormboy
it's not an overwhelming success but thank you
Nice 12 pips range here damon, you're not scalping?
nah..I'm really not a range trader eiter.. LOL I am pretty unorthadoxed, but it works for me like the dickens.... I do have an open position at the moment, but just not making it to my destination quite yet, but it will... LOL

3K/M is pretty good...in my eyes that is success only impeeded by a lower account balance perhaps keeping you from making more.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #201,674
  • Feb 24, 2010 1:30pm Feb 24, 2010 1:30pm
Quoting nAVIN2007
that is true..but we learn much from the mistakes, main thing is hopefully we dont repeat the same mistakes and grow..

i remember both of us..at 2.0 knew this puppy was heading for a fall, imagine selling and holding to here..one day we gonna pull that off..and catch the whole range..might be in sleep but it will happen

I will one day grow up to be like you Guys... So please keep it up...
  • #201,675
  • Feb 24, 2010 1:36pm Feb 24, 2010 1:36pm
Quoting Reznik
I will one day grow up to be like you Guys... So please keep it up...
we nothing special (speaking for myself) just pick a direction set your limits and let it do its thing
  • #201,676
  • Feb 24, 2010 1:38pm Feb 24, 2010 1:38pm
The Bear Party has just started.
  • #201,677
  • Feb 24, 2010 1:39pm Feb 24, 2010 1:39pm
longs here they come
Attached Image
  • #201,678
  • Feb 24, 2010 1:39pm Feb 24, 2010 1:39pm
I have multiple orgasms with the price movements.
  • #201,679
  • Feb 24, 2010 1:40pm Feb 24, 2010 1:40pm
Quoting kill56
longs here they come
I like to see you and your comments.

Where are you man?
  • #201,680
  • Feb 24, 2010 1:40pm Feb 24, 2010 1:40pm
Quoting wormboy
it's not an overwhelming success but thank you
Nice 12 pips range here damon, you're not scalping?
So much for your 12 pip range now...lol
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