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Cable Update (GBPUSD)

  • #227,541
  • May 19, 2010 3:39am May 19, 2010 3:39am
Hi Everyone

There seems to be alot of indecision in the market some big moves then someone realised what is happening and throw a bucket load of money in the other direction I'm done for today made 0.5% more than I should have so i'll pull the demo closer and have a go at gold or the turkish lira or some wild cross.
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #227,542
  • May 19, 2010 3:42am May 19, 2010 3:42am
Quoting The Magician
hahaha, I share your pain brother. I really do
Diddo.... and to make things worse the news lately havnt been incouraging.
  • #227,543
  • May 19, 2010 3:45am May 19, 2010 3:45am
Quoting forexlion
what is vix

some thing u rubbbbb ares with and some times it move fast watch it
  • #227,544
  • May 19, 2010 3:46am May 19, 2010 3:46am
Yeah there seemed to be alot of buying presure up until that spike, ban on short selling crap probally .
  • #227,545
  • May 19, 2010 3:46am May 19, 2010 3:46am
Quoting BadTradingFi
Here here!

I managed to lose my safety net a couple of weeks ago on the back of two very successful runs (over confidence and greed took over again stupidly followed by a scrabble to get it back, i.e. make it worse).

Now second guessing everything I do and ended up not trading at all. I see the right trade sometimes but think I'm wrong so dont do it.

Sitting things out now until I have the time to do things properly rather than jumping in here and there which I think was part of the problem.

GL all, I'll be back...
Every account I blew up, I did doing the same.

Seeing what others were doing and saying made me think I had to be the same. Trying to go to far to fast, changing from system to system, trade call to trade call, wanting the big money but instead digging a deeper hole. There is nothing wrong taking a bad trade, cripes man, we all do it from time to time, just gotta keep the good ones in a better balance.

Your story is not unique, I think a lot of us got our start here, it's where you go from here that really counts.

Slow and steady wins the race.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #227,546
  • May 19, 2010 3:47am May 19, 2010 3:47am
Quoting BadTradingFi
Oh, I am not giving up!!!

If someone else can do it and make it work, I CAN do it too! Just costing me a few ££ on the way
I get inspired by losing when I have a losing day I strive to ensure that I don't make the same mistake.
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #227,547
  • May 19, 2010 3:48am May 19, 2010 3:48am
Got a short running from 4300, which will hopefully recoup some of my losses, although I've had to go in small because my account is verging on bust, ha!!

Focusing on my equities today. Selling some of the shite and putting it into bargains. GL all!
  • #227,548
  • May 19, 2010 3:48am May 19, 2010 3:48am
morning all salam hi

did i miss any thing yessssssssssssssssssss i did

but i had a nice sleeeeeeeeeeeeep after no sleeeeeep with Jr.
  • #227,549
  • May 19, 2010 3:48am May 19, 2010 3:48am
Wheee .. look at that 1 hr candle on GY!
******************* I'd rather make money than be right.
  • #227,550
  • May 19, 2010 3:48am May 19, 2010 3:48am
Quoting uksnowman
It's a nasal inhaler, see pic. Warning : Trading whilst high on Vicks decongestant will not necessarily give you green pips, just a green nose.

But really it's the volatility index
how do wee kalkulate this endex, yani indicator ?
  • #227,551
  • May 19, 2010 3:55am May 19, 2010 3:55am
Quoting forexlion
how do wee kalkulate this endex, yani indicator ?
VIX - Definition
VIX is an index measuring the expected level of volatility in the US stock market over the next 30 days.


VIX - Introduction
VIX is the ticker symbol for the Chicago Board of Exchange Volatility Index. VIX is an index which provides a general indication on the expected level of volatility ( implied volatility) in the US market over the next 30 days. This allows anyone to tell if the US stock market is volatile or not just by looking at the VIX. Before the invention of the VIX, investors could only tell if the market is volatile or not through experience and gut feel. VIX literally quantified the concept of volatility, allowing traders to use it as an indicator or to simply trade or hedge against volatility directly. VIX is especially important in options trading because volatility can make or break certain options strategies. Understanding what VIX is and how you can use it to your advantage would certainly result in better and more consistent options trading results.

Google it for more.
******************* I'd rather make money than be right.
  • #227,552
  • May 19, 2010 3:56am May 19, 2010 3:56am
Quoting kill56
morning all salam hi

did i miss any thing yessssssssssssssssssss i did

but i had a nice sleeeeeeeeeeeeep after no sleeeeeep with Jr.
I was beginning to wonder if you ever slept....
******************* I'd rather make money than be right.
  • #227,553
  • May 19, 2010 3:58am May 19, 2010 3:58am
Quoting Magix
Every account I blew up, I did doing the same.

Seeing what others were doing and saying made me think I had to be the same. Trying to go to far to fast, changing from system to system, trade call to trade call, wanting the big money but instead digging a deeper hole. There is nothing wrong taking a bad trade, cripes man, we all do it from time to time, just gotta keep the good ones in a better balance.

Your story is not unique, I think a lot of us got our start here, it's where you go from here that really counts.

Slow and steady wins the...

As the great Terry Brooks said, "slowly, slowly, catchy monkey!"
  • #227,554
  • May 19, 2010 3:59am May 19, 2010 3:59am
Well, London is keeping with the program. Ran up to the 5m 200ema for topside target...and is now playing in the area it hasn't had a chance to see yet.

Targeted area - Below the Red Line.
Actual area - playing out nicely.

http://www.forexfactory.com/showpost...stcount=227516
Attached Image(s) (click to enlarge)
Click to Enlarge Name: london.jpg Size: 170 KB
Click to Enlarge Name: london2.jpg Size: 165 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #227,555
  • May 19, 2010 4:00am May 19, 2010 4:00am
Quoting Magix
Every account I blew up, I did doing the same.

Seeing what others were doing and saying made me think I had to be the same. Trying to go to far to fast, changing from system to system, trade call to trade call, wanting the big money but instead digging a deeper hole. There is nothing wrong taking a bad trade, cripes man, we all do it from time to time, just gotta keep the good ones in a better balance.

Your story is not unique, I think a lot of us got our start here, it's where you go from here that really counts.

Slow and steady wins the...
Amen, amen and AMEN!
Your story told in your thread first post (see link under Kill's sig) is one of the best I have seen about the journey forex traders must take .. it could be my story or probably anyone's here. What is great is, you made it .. and are now sharing with the rest of us.
We can do this too! As you say, slow & stead is the answer .. it is actually ridiculously simple to make constant pips with your voodoo and 1sc charts .. only greed can get in the way.
******************* I'd rather make money than be right.
  • #227,556
  • May 19, 2010 4:00am May 19, 2010 4:00am
Quoting forexlion
how do wee kalkulate this endex, yani indicator ?
volitility index for nyse. work out from the the amount of puts/ calls on the nyse.
  • #227,557
  • May 19, 2010 4:01am May 19, 2010 4:01am
Quoting Magix
Every account I blew up, I did doing the same.

Seeing what others were doing and saying made me think I had to be the same....
Wise words indeed!

Thankfully I havent blown my account, just depleted it somewhat

Magix trades so far have resulted in +ve pips which is good (admittedly not done many, still need to read up more on the crosses, etc).

Hoping Voodoo will keep me out of Doodoo
Back to basics, it has to be for me!
  • #227,558
  • May 19, 2010 4:05am May 19, 2010 4:05am
Quoting 4xStar
I was beginning to wonder if you ever slept....

rumors sweet lady dont believe every thing u read on the net
  • #227,559
  • May 19, 2010 4:16am May 19, 2010 4:16am
Quoting BadTradingFi
Wise words indeed!

Thankfully I havent blown my account, just depleted it somewhat

Magix trades so far have resulted in +ve pips which is good (admittedly not done many, still need to read up more on the crosses, etc).

Hoping Voodoo will keep me out of Doodoo
Excellent.

Don't worry about the trades you miss, or how many you take.

There is nothing wrong with trading safety ranges or with caution. Wait until the setup looks right and hit the trigger.

After taking a beat down a few times, I came back looking for revenge, that in itself can dig a bigger hole.

After that, I came back trading scared money, settling with less loss, but still losing....

It takes time, just know that you are not alone.

One of the points I have been trying to show with the micro account that I am trading is what can be accomplished with consistent gains. The dollar value is not the importance, but the percentage and pip gains are. If you can make money in the micros, it will help infinitely when moving up into the bigger trades.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #227,560
  • May 19, 2010 4:20am May 19, 2010 4:20am
Quoting 4xStar
Amen, amen and AMEN!
Your story told in your thread first post (see link under Kill's sig) is one of the best I have seen about the journey forex traders must take .. it could be my story or probably anyone's here. What is great is, you made it .. and are now sharing with the rest of us.
We can do this too! As you say, slow & stead is the answer .. it is actually ridiculously simple to make constant pips with your voodoo and 1sc charts .. only greed can get in the way.
Glad to see others making their way in market, and I have stopped by the website in your profile, seems like your doing some of the same.

Keep up with it 4xS...working with others helps to re-affirm your own beliefs, repetition is the mother of knowledge.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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