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Cable Update (GBPUSD)

  • #215,721
  • Apr 11, 2010 12:09pm Apr 11, 2010 12:09pm
i just analysed my account statement for last week whilst updating my bookkeeping. f£$k!!!!! i managed a gain of 210.9 pips last week. i wanna give a big massive thanks to fxfactory and especially all the traders in here for the help i have gained from your tips and analysis.

gonna stay disciplined, gonna stay with the trend. i took 40 trades 27 won 13 lost. Of the 13 i lost 10 were against the trend(mainly top hunting) . but fortunately with very tight stops. unlike in the old days when i kept on extending the stops when i was oversized and against the trend (no wonder i blew a few accounts out!!!)

ive been letting the winners run longer as well as i closed my largest pip gain in a day for 87 pips.
  • #215,722
  • Apr 11, 2010 12:20pm Apr 11, 2010 12:20pm
Quoting cableboy
i just analysed my account statement for last week whilst updating my bookkeeping. f£$k!!!!! i managed a gain of 210.9 pips last week. i wanna give a big massive thanks to fxfactory and especially all the traders in here for the help i have gained from your tips and analysis.

gonna stay disciplined, gonna stay with the trend. i took 40 trades 27 won 13 lost. Of the 13 i lost 10 were against the trend(mainly top hunting) . but fortunately with very tight stops. unlike in the old days when i kept on extending the stops when i was oversized and against...
stay the course stick with u plan and dont foooook up or
Attached Image
  • #215,723
  • Apr 11, 2010 12:30pm Apr 11, 2010 12:30pm
Quoting kill56
stay the course stick with u plan and dont foooook up or


cheers kill
  • #215,724
  • Apr 11, 2010 12:50pm Apr 11, 2010 12:50pm
Oi, could someone give me a heads up to what time the market will open tonight so I can try the gap? I know sydney opens in 2 hours but doesnt the market (or my platform) open in 1 hour?
@pawpaw1000 on Twitter
  • #215,725
  • Apr 11, 2010 12:53pm Apr 11, 2010 12:53pm
I wouldn't mention it but a lot of contributors post that they are doing drugs and start whooping it up on here

A good trading rule would be to stay sober and drug free before placing trades or formulating strategies
  • #215,726
  • Apr 11, 2010 12:54pm Apr 11, 2010 12:54pm
Hi Pawpaw1000, It's 4am in the morning in Sydney at the moment. 3hrs to open. Which team you play for?

Quoting pawpaw1000
Oi, could someone give me a heads up to what time the market will open tonight so I can try the gap? I know sydney opens in 2 hours but doesnt the market (or my platform) open in 1 hour?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #215,727
  • Apr 11, 2010 12:55pm Apr 11, 2010 12:55pm
Quoting cableboy
i just analysed my account statement for last week whilst updating my bookkeeping. f£$k!!!!! i managed a gain of 210.9 pips last week. i wanna give a big massive thanks to fxfactory and especially all the traders in here for the help i have gained from your tips and analysis.

gonna stay disciplined, gonna stay with the trend. i took 40 trades 27 won 13 lost. Of the 13 i lost 10 were against the trend(mainly top hunting) . but fortunately with very tight stops. unlike in the old days when i kept on extending the stops when i was oversized and...
I am a newbie (started in Jan 10) and I was doing well until this week when I blew out my little first account - up to 4 weeks my aim was to do 40 pips a day which I managed to do but now I don't stop I tend to over trade and this when I do my big mistake - going against the trend and extend my SL - I guess I needed to fall flat on my nose to understand my lesson.

From tomorrow I am going to be discipline and know when to stop - I am a very disciple girl but in come to trading I discover I have a few battles within inside me which I will come through.

So weldone and keep the good work - I hope one day I will come back and write the same thing as you!!
  • #215,728
  • Apr 11, 2010 12:58pm Apr 11, 2010 12:58pm
Quoting pawpaw1000
Oi, could someone give me a heads up to what time the market will open tonight so I can try the gap? I know sydney opens in 2 hours but doesnt the market (or my platform) open in 1 hour?

the market open after 3h till now no gap or fab or nap or pap
  • #215,729
  • Apr 11, 2010 1:01pm Apr 11, 2010 1:01pm
Quoting 45Condor
Hi Pawpaw1000, It's 4am in the morning in Sydney at the moment. 3hrs to open. Which team you play for?
At the moment a team in frances 3rd division... Will be moving up to 2nd division in june/july...

Thanks for the heads up mate!!!
@pawpaw1000 on Twitter
  • #215,730
  • Apr 11, 2010 1:01pm Apr 11, 2010 1:01pm
Quoting allserene
I wouldn't mention it but a lot of contributors post that they are doing drugs and start whooping it up on here

A good trading rule would be to stay sober and drug free before placing trades or formulating strategies

yes man we do smoke crackforex in the room
  • #215,731
  • Apr 11, 2010 1:09pm Apr 11, 2010 1:09pm
read with me again

Are you a good Trader ?

These days everyone interested in Trading the FOREX MARKET wants to be a Forex Trader.
To determine if you will be a good trader, ask yourself the following questions...
a Person who has a good chance at being a successful trader has the following attributes.

 

  1. Is properly capitalized - enough money to trade and survive.
  2. Treats Trading as a Business.
  3. Has a low tolerance for risk.
  4. Trades only when the market provides an opportunity.
  5. Can control your emotions.
  6. Has a Trading Plan.
  7. Has a risk management plan.
  8. Is incredibly disciplined.
  9. Is focused.
  10. Has back tested his trading methodology.

a Person who has a good chance at failure has any of the the following attributes.

 

  1. Is undercapitalized.
  2. Lacks discipline.
  3. Overtrades.
  4. Does not understand the markets.
  5. Rushes into trades.
  6. Chases the market.
  7. Is afraid of missing a move.
  8. Is stubborn and marries a position or idea.
  9. Misinterprets the market news.
  10. Is always looking for home runs.
  11. Lets losers get too big.
  12. Takes winners prematurely.
  13. Takes trading too lightly.
  14. Takes large risks.
  15. Has little control of his emotions.

Suggested reading:
Before he became a successful trader, Marcel Link spent years wading from one system to the next, using trial and error to figure out what worked, what didn't, and why. In High Probability Trading, Link reveals the steps he took to become a consistent, patient, and winning trader--by learning what to watch for, what to watch out for, and what to do to make each trade a high probability trade.

  • #215,732
  • Apr 11, 2010 1:18pm Apr 11, 2010 1:18pm
Quoting kill56
read with me...
thanks
  • #215,733
  • Apr 11, 2010 1:23pm Apr 11, 2010 1:23pm
Quoting kill56
read with me


http://www.trendlinebook.com/
Great Sunday reading, thanks Kill
Flo beat me too it!!
  • #215,734
  • Apr 11, 2010 1:33pm Apr 11, 2010 1:33pm
Quoting kill56
yes man we do smoke crackforex in the room
pass me the pipe bro
  • #215,735
  • Apr 11, 2010 1:39pm Apr 11, 2010 1:39pm
Inserted Video
@pawpaw1000 on Twitter
  • #215,736
  • Apr 11, 2010 1:39pm Apr 11, 2010 1:39pm
Quoting Flo7
I am a newbie (started in Jan 10) and I was doing well until this week when I blew out my little first account - up to 4 weeks my aim was to do 40 pips a day which I managed to do but now I don't stop I tend to over trade and this when I do my big mistake - going against the trend and extend my SL - I guess I needed to fall flat on my nose to understand my lesson.

From tomorrow I am going to be discipline and know when to stop - I am a very disciple girl but in come to trading I discover I have a few battles within inside me which I will come...
i used to be exactly the same. i mean extreme levels of overtrading and the refusal to accept losses, coupled with oversized positions. that was a disaster and i never seemed to learn my lesson. these problems are psychologically based. the markets can be like a divine master here to teach you that you havent mastered self. i would suggest really really honestly applying discipline and judging your success not on monetary gain but instead on your ability to stay disciplined. if you start with not oversizing your positions it takes alot of the emotion out as greed and fear tend to be minimized. try enetering trades with the trend, on a valid basis and above all be patient there is always another trade round the corner and 2morrow is another day. once you trust your self you begin to get a bit more success but if you cant trust your self and keep going against your word to stick to your plan your gonna continue down the same road.
wish you the best babygirl. you can do it
  • #215,737
  • Apr 11, 2010 1:40pm Apr 11, 2010 1:40pm
This is SOOOO funny, please watch and then hear what schiff says about possible double dip recession >>> DEPRESSION!!!

Inserted Video


2007 > Its a buying opportunity like I've never seen!!! HAHAHAHA!!! wonder what he is thinking now???
@pawpaw1000 on Twitter
  • #215,738
  • Apr 11, 2010 1:51pm Apr 11, 2010 1:51pm
http://fxtrade.oanda.com/

oando has us at 5380 meaning NO GAP!
@pawpaw1000 on Twitter
  • #215,739
  • Apr 11, 2010 1:59pm Apr 11, 2010 1:59pm
Quoting pawpaw1000
This is SOOOO funny, please watch and then hear what schiff says about possible double dip recession >>> DEPRESSION!!!

http://www.youtube.com/watch?v=c8nrZthYbNM

2007 > Its a buying opportunity like I've never seen!!! HAHAHAHA!!! wonder what he is thinking now???
I made my biggest losses listening to CNBC - actually, doing the opposite to what they say seems to work

I do rate Cramer some of the time - but some of his tips are junk - especially the buys on companies with no dividends and huge gearing
  • #215,740
  • Apr 11, 2010 2:00pm Apr 11, 2010 2:00pm
Quoting pawpaw1000
http://fxtrade.oanda.com/

oando has us at 5380 meaning NO GAP!
Do they open their doors early? Everyone gone... finally... just me, The Masters, this room, and crackforex! Kids already asleep and the missus is kerrrnackered and heading upstairs. It has been a long day, but it is just beginning for me
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