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Cable Update (GBPUSD)

  • #215,581
  • Apr 10, 2010 1:52pm Apr 10, 2010 1:52pm
Quoting forexlion
Last week was just tooooo boring .....

150 down then 150 up then 150 down then 150 up then 150 down then 150 up then another 100 up, boring week

forex is boring


http://img534.imageshack.us/img534/4363/cables.gif
Forex is boring because it has become a process. Once you become so comfortable with what you do, the excitement factor is gone. Just like when you learned how to drive. It was a rush. Now, years later, you get in your car and go... Where is the excitement. You look at the charts you see the PA, you do your analysis and boom, your account grows (the majority of the time) and you know it will do that.

That is when you know that you have become a good trader. The gambling factor is gone so the rush is gone. If I told you that I was going to deal you Royal Flush would you get excited when you won the hand.... No, you already knew you were going to win.

C.
  • #215,582
  • Apr 10, 2010 1:52pm Apr 10, 2010 1:52pm
Quoting USD-Bear
Sure, just don't save too confidential stuff that way
useful tool when you are married and got too many girlfriends
  • #215,583
  • Apr 10, 2010 1:54pm Apr 10, 2010 1:54pm
Quoting forexlion
forexsignalszulutrade is my indi so is the site, i own it.
did u write it or somebody elss and do u have any info on it
  • #215,584
  • Apr 10, 2010 1:57pm Apr 10, 2010 1:57pm
Quoting kill56
did u write it or somebody elss and do u have any info on it
its 100% self coded and so is the fib indicator in the chart above which incidently is very unique since it is not based on daily, weekly or monthly or any swing waves, and yet so accurate.

you will never find it anywhere cause i never shared it with anyone as yet.
  • #215,585
  • Apr 10, 2010 1:58pm Apr 10, 2010 1:58pm
Quoting USD-Bear
Sure, just don't save too confidential stuff that way
Yeah, but i click show on win and not show the file maybe dos version or some other option on win xp
I will try it tomorrow with my pc at work
  • #215,586
  • Apr 10, 2010 1:59pm Apr 10, 2010 1:59pm
Quoting Ctic
Forex is boring because it has become a process. Once you become so comfortable with what you do, the excitement factor is gone. Just like when you learned how to drive. It was a rush. Now, years later, you get in your car and go... Where is the excitement. You look at the charts you see the PA, you do your analysis and boom, your account grows (the majority of the time) and you know it will do that.

That is when you know that you have become a good trader. The gambling factor is gone so the rush is gone. If I told you that I was going to deal...

the best part when u have fun while driving the new porsche
  • #215,587
  • Apr 10, 2010 2:01pm Apr 10, 2010 2:01pm
Quoting forexlion
useful tool when you are married and got too many girlfriends
LOL
Where have u been all the week
Wasn't lucky to meet u, What ur view for next week?
  • #215,588
  • Apr 10, 2010 2:03pm Apr 10, 2010 2:03pm
Quoting kill56
the best part when u have fun while driving the new porsche
Screw the Porsche
Attached Image (click to enlarge)
Click to Enlarge Name: ferrari-enzo-2.jpg Size: 136 KB
  • #215,589
  • Apr 10, 2010 2:07pm Apr 10, 2010 2:07pm
Quoting egkid
LOL
Where have u been all the week
Wasn't lucky to meet u, What ur view for next week?
just load the hard drive as a slave and copy safehouse protected data

another simple stuff is

When SafeHouse Explorer is installed on portable media, such as a USB flash drive, the data can be accessed on any computer into which the media are plugged, without SafeHouse having to be installed on the PC.
  • #215,590
  • Apr 10, 2010 2:07pm Apr 10, 2010 2:07pm
Quoting egkid
LOL
Where have u been all the week
Wasn't lucky to meet u, What ur view for next week?
1.5550ish
  • #215,591
  • Apr 10, 2010 2:07pm Apr 10, 2010 2:07pm
Quoting forexlion
its 100% self coded and so is the fib indicator in the chart above which incidently is very unique since it is not based on daily, weekly or monthly or any swing waves, and yet so accurate.

you will never find it anywhere cause i never shared it with anyone as yet.
i have been using it for awhile and its realy great do u use to trade
  • #215,592
  • Apr 10, 2010 2:12pm Apr 10, 2010 2:12pm
Quoting forexlion
why dig the graves, i prefer the living women
Living on a chart
  • #215,593
  • Apr 10, 2010 2:13pm Apr 10, 2010 2:13pm
Quoting Ctic
Screw the Porsche
that will be my next target i hope we both get it soon
  • #215,594
  • Edited 2:28pm Apr 10, 2010 2:16pm | Edited 2:28pm
When I joined this thread over a year ago, there were many decent traders, not posters but real traders who share their experience here. Most benefitted from the likes of gammase1, allserene, galation, abuawad, orionsway, eohater, infinity, pipland, sofia101 posting here. Most of them chose to stay away from posting here now. I can now see why.
I think I'll stop participating in this thread as well as I find very little reason to post here nor the motivation to do so. Shame to see how a particularly good thread had declined so much. There is also a noticable division between posters here which I think is nothing short from juvenile. Nobody benefits from the division.
Magix & BullBear, I consider both of you friends & I will be the first to tell you that your bickering are pointless. For whatever reasons you try to point each other out with in regards to your trading method, know that one of you will get whatever you stand for right from time to time.
BullBear trades with me on skype for almost a year now, this is a man who trades between 500k to 1m lotsizes & is a profitable trader. He trades with serious amount of money and he does post his calls & charts here when he has the time. This is in no way an attack towards Magix but would like to acknowledge the fact as I know this.

To the newbies, would like to share with you what my mentor soultrader had made me realise a while ago.
"Indicators really are bollocks, systems don't work for long enough to matter and risk management is all there is left.
If you win then it's luck, there is no skill in this game - it's how you capitalise on that luck that matters - get on the horse and dont get off till it's stopped running your way. Only get on the horse when it's close enough to the start so that you know when it's running the other way.
Indicator lead systems fail over time because all it can ever tell you is what had already happened. You cannot build a mechanically sound trade system around historic data."
There will be no consistency. All there is to it is price or as some would call it reading the tape. The real skill lies in RISK MANAGEMENT.
Harsh as it may sound, I will offer no apology for that statement, I know this for a fact. How do you think I ended up trading with naked charts?

Would like to quote

Quoting BadTradingFi
but you can improve your chances with a bit of thought, discipline and patience.

Sorry but no. If you're trying to build a solid mechanical system then you cannot ever let thought process get in the way. Because if you do allow thought to get in the way, you will find yourself not taking trades which had met the rules set by your mechanical system which you had so precisely tried to create, or you will find yourself staying in trades where you shouldn't have in the first place.

That's the last word on it. You do not have to believe me, you can go ahead & knock yourself to the wall to find out.
But I will stand by what I say as I only mean to help, if for the very last time here anyway. I know there are some nasty newbies here who pose like they know it all will try to get cute & throw in harsh words to what I just said. Don't.
If you need to find out, all you need to do is come to my thread and ask. I have the track record (account statements & trade calls alike). Just be prepared to produce yours as well.
We do not have to bicker around like a bunch of pussies. E-thugging is not my thing

All the best fellas & see you at the top.
Thank You
  • #215,595
  • Apr 10, 2010 2:17pm Apr 10, 2010 2:17pm
Quoting Ctic
Forex is boring because it has become a process. Once you become so comfortable with what you do, the excitement factor is gone. Just like when you learned how to drive. It was a rush. Now, years later, you get in your car and go... Where is the excitement. You look at the charts you see the PA, you do your analysis and boom, your account grows (the majority of the time) and you know it will do that.

That is when you know that you have become a good trader. The gambling factor is gone so the rush is gone. If I told you that I was going to deal...
But trying to extract as much money out of your opponents when holding the Royal Flush is the fun bit and can still give you a rush
  • #215,596
  • Apr 10, 2010 2:21pm Apr 10, 2010 2:21pm
Quoting kill56
i have been using it for awhile and its realy great do u use to trade
that indicator is only good for trading GBPJPY on any other pair it will not give good results

each indicator i design is specifically useful for the currency pair for which it was designed

like i designed an EA once for GBPJPY which took the account balance from $1000 to $37 Billion in 37635 trades and then in the next 120 trades reduced the balance to 0 that was the last time i wrote an EA. it was enuf to give anyone a heart attack, the code was a simple 6 word logic.
  • #215,597
  • Apr 10, 2010 2:25pm Apr 10, 2010 2:25pm
Quoting wormboy
When I joined this thread over a year ago, there were many decent traders, not posters but real traders who share their experience here. Most benefitted from the likes of gammase1, allserene, galation, abuawad, orionsway, eohater, infinity, pipland, sofia101 posting here. Most of them chose to stay away from posting here now. I can now see why.
[font=Georgia]I think I'll stop participating in this thread as well as I find very little reason to post here nor the motivation to do so. Shame to see how a particularly good thread...
Sad to see you go from this thread. I will drop by your thread though, that's for sure!
  • #215,598
  • Apr 10, 2010 2:29pm Apr 10, 2010 2:29pm
Quoting bbakker
But trying to extract as much money out of your opponents when holding the Royal Flush is the fun bit and can still give you a rush
But that's the point. What if your playing the house where the pay amounts are set... Look at this post I did well before the move Friday.

http://www.forexfactory.com/showpost...&postcount=202

I called the daily target of 5380 - 5400. Look what the high of the day was. right in that range. I think I posted 5391 as high..

How can you extract more money? You can't make it go to 5500 (unless you are one of the big boys with enough capital to dump into the market to drive it up.
  • #215,599
  • Apr 10, 2010 2:30pm Apr 10, 2010 2:30pm
[quote=wormboy;3626535]<font face="Georgia">When I joined this thread over a year ago, there were many decent traders, not posters but real traders who share their experience here. Most benefitted from the likes of gammase1, allserene, galation, abuawad, orionsway, eohater, infinity, pipland, sofia101 posting here. Most of them chose to stay away from posting here now. I can now see why. <br />
I think I'll stop participating in this thread as well as I find very little reason to post here nor the motivation to do so. Shame to see how a particularly good thread had declined so much. There is also a noticable division between posters here which I think is nothing short from juvenile. Nobody benefits from the division.<br />
Magix &amp; BullBear, I consider both of you friends &amp; I will be the first to tell you that your bickering are pointless. For whatever reasons you try to point each other out with in regards to your trading method, know that one of you will get whatever you stand for right from time to time. <br />
BullBear trades with me on skype for almost a year now, this is a man who trades between 500k to 1m lotsizes &amp; is a profitable trader. He trades with serious amount of money and he does post his calls &amp; charts here when he has the time. This is in no way an attack towards Magix but would like to acknowledge the fact as I know this. <br />
<br />
To the newbies, would like to share with you what my mentor soultrader had made me realise a while ago. <br />
</font><font face="Georgia"><font color="Black">&quot;Indicators really are bollocks, systems don't work for long enough to matter and<u> risk management is all there is left.</u><br />
If you win then it's luck, there is no skill in this game - it's how you capitalise on that luck that matters - get on the horse and dont get off till it's stopped running your way. Only get on the horse when it's close enough to the start so that you know when it's running the other way.<br />
Indicator lead systems fail over time because all it can ever tell you is what had already happened. You cannot build a mechanically sound trade system around historic data.&quot; <br />
</font></font><font face="Georgia">There will be no consistency. All there is to it is price or as some would call it reading the tape. </font><font face="Georgia"><font color="Black">The real skill lies in RISK MANAGEMENT. </font></font><br />
<font face="Georgia">Harsh as it may sound, I will offer no apology for that statement, I know this for a fact. How do you think I ended up trading with naked charts?<br />
<br />
Would like to quote</font><br />
<br />
<br />
<font face="Georgia"><br />
Sorry no. If you're trying to build a solid mechanical system then you cannot ever let thought process get in the way. Because if you do allow thought to get in the way, you will find yourself not taking trades which had met the rules set by your mechanical system or you will find yourself staying in t

stop being a sissy and a cry baby, just keep trading normally
  • #215,600
  • Apr 10, 2010 2:33pm Apr 10, 2010 2:33pm
Quoting forexlion
stop being a sissy and a cry baby, just keep trading normally
what makes you think that i'm not trading normally?
Touched a nerve with that post did I? I am not your regular newbie you can talk down to. You're an okay guy in my books guv, don't start to be a tosser now.
Thank You
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