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Cable Update (GBPUSD)

  • #230,761
  • Jun 9, 2010 8:41am Jun 9, 2010 8:41am
You don't need to make 5000 pips, you don't need to trade loads of currency pairs. Pointless.

Manage your gains/losses based on contracts and what you can afford not some silly pip count.

I use 20 contracts, 10 pips to me is worth more than 500 pips to many people on here... 10 pips takes me a minute, 500 could take all week. Go figure.

Do I sell my services? No way, I can make much more money trading - thanks.
"I made all my money by selling too soon"
  • #230,762
  • Jun 9, 2010 8:51am Jun 9, 2010 8:51am
My Update

http://www.forexfactory.com/showthre...28#post3789328
  • #230,763
  • Jun 9, 2010 8:58am Jun 9, 2010 8:58am
Quoting mygoldenpips
yup it true..
can make over 5000pips/weak..
but must use basket techniques..
study one major currency..
like usd.
and op all pair that have usd..
like gu,eu,uj and other..
i see live acc with capital 20usd going 2K just in one day..
must use broker with high laverge and low margin call
Must also be willing to see account wiped out multiple times.

No shortcuts, IMO, just learn, study, develop your discipline and ... a LARGE stash of patience pills (and the pipe of course)
******************* I'd rather make money than be right.
  • #230,764
  • Jun 9, 2010 9:00am Jun 9, 2010 9:00am
Quoting Bleek
Do I sell my services? No way, I can make much more money trading - thanks.
Now that's the statement of an honest man .. it only makes sense, if you develop a plan that makes consistent money trading, you'll make MUCH more trading your plan than trying to sell it...
******************* I'd rather make money than be right.
  • #230,765
  • Jun 9, 2010 9:02am Jun 9, 2010 9:02am
Quoting 4xStar
Must also be willing to see account wiped out multiple times.

No shortcuts, IMO, just learn, study, develop your discipline and ... a LARGE stash of patience pills (and the pipe of course)
yup..
every trader have their on way..
own techniques
for me..
trade what i see and believe..
but 5000pips per week..
it true..
Revesal Trader
  • #230,766
  • Jun 9, 2010 9:07am Jun 9, 2010 9:07am
Quoting Magix
Proved me wrong?

Your fantastic trade with 50 underwater and you proved me wrong?

LOL
.......
Take your scuba trades based on your Crayola efforts and scream from the rooftops...you really are kind of sad and pathetic.
Could someone please start a new thread "The Bull_Bear Magix War Room" and you two can take this sniping there.

Now, where did I put that paddle.....
******************* I'd rather make money than be right.
  • #230,767
  • Jun 9, 2010 9:13am Jun 9, 2010 9:13am
Long at 14501 and 14550
SL @ 14480
TP1 @ 14625

Would like to see the Weekly PP hold, but a correction to the 14522 - 14500 area isn't out of the question.
Attached Image (click to enlarge)
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The market is always right.
  • #230,768
  • Jun 9, 2010 9:19am Jun 9, 2010 9:19am
Quoting Bleek
You don't need to make 5000 pips, you don't need to trade loads of currency pairs. Pointless.

Manage your gains/losses based on contracts and what you can afford not some silly pip count.

I use 20 contracts, 10 pips to me is worth more than 500 pips to many people on here... 10 pips takes me a minute, 500 could take all week. Go figure.

Do I sell my services? No way, I can make much more money trading - thanks.
Hi Bleek,

That is my thinking also. Being consistant and increasing your position size at the sametime managing risk, entering high probability trades.

Thanks.
  • #230,769
  • Jun 9, 2010 9:24am Jun 9, 2010 9:24am
Quoting 4xStar
Could someone please start a new thread "The Bull_Bear Magix War Room" and you two can take this sniping there.

Now, where did I put that paddle.....
I am just responding to his tripe....

Somehow, when I posted a charts like the ones attached, I was proven wrong.

LOL, me and my laggy Moving Averages....


Maybe...If i start drawing some trendlines, Bull_Bear will be able to understand...
Attached Image(s) (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,770
  • Jun 9, 2010 9:25am Jun 9, 2010 9:25am
Quoting Bleek
You don't need to make 5000 pips, you don't need to trade loads of currency pairs. Pointless.

Manage your gains/losses based on contracts and what you can afford not some silly pip count.

I use 20 contracts, 10 pips to me is worth more than 500 pips to many people on here... 10 pips takes me a minute, 500 could take all week. Go figure.
Ya but, you could blow your account in 10 minutes, while others will take weeks

I guess you are right, quick death is better than slow painful end
  • #230,771
  • Jun 9, 2010 9:25am Jun 9, 2010 9:25am
Am I the only mook here that shorted at around 1.4538?
WTForex - Join our trading family
  • #230,772
  • Jun 9, 2010 9:30am Jun 9, 2010 9:30am
Quoting freedomtrade
Am I the only mook here that shorted at around 1.4538?
i wait 580 and we'll be on the same board
Verily, in every difficulties there is relief
  • #230,773
  • Jun 9, 2010 9:31am Jun 9, 2010 9:31am
Quoting 4xStar
Now, where did I put that paddle.....


The road less traveled is often the high road.
The market is always right.
  • #230,774
  • Jun 9, 2010 9:31am Jun 9, 2010 9:31am
Quoting charron
Ya but, you could blow your account in 10 minutes, while others will take weeks

I guess you are right, quick death is better than slow painful end
Not really, I still only risk 2-5%. I only trade once to twice per day.
"I made all my money by selling too soon"
  • #230,775
  • Jun 9, 2010 9:34am Jun 9, 2010 9:34am
[quote=Magix;3789365]Proved me wrong?

Your fantastic trade with 50 underwater and you proved me wrong?

LOL




I read your thread and I believe it is a great one. I therefore think that you are too big for this kind of unnecessary brit-bats
  • #230,776
  • Jun 9, 2010 9:41am Jun 9, 2010 9:41am
[quote=Bydyke;3789467]
Quoting Magix
Proved me wrong?

Your fantastic trade with 50 underwater and you proved me wrong?

LOL




I read your thread and I believe it is a great one. I therefore think that you are too big for this kind of unnecessary brit-bats
I haven't set out to compare myself to others, though it always seems to play into the game.

The original point that began this, was me telling Nene that he was full of shit.

He claims that a pro trader, SCALED trades on an over 300 pip losing position against the immediate trend, to close the trade for 100k Gains. Anybody with half a brain would figure that nobody will continually enter into what would have surely taken 50 standard lots on a loss, and keep their fingers crossed in hopes of a gain.

After that...

It does become an issue of where can new members place their trust?

I always say...your only key to success and longevity in market is to trade your own charts. Having some merit and an idea of price action can surely help you along this path.

Where I try to steer others away is on baseless charts, market guesses and blatant stupidity.

I don't think everybody should trade like me or with me, that is for each individual to decide. But...When we have senior traders or guys with +10v talking bullshit, they can easily lead others to their early market demise.

Those are my words of caution, if I must continually defend myself for trying to make that point...I guess I will...

All the best.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,777
  • Jun 9, 2010 9:53am Jun 9, 2010 9:53am
[quote=Bydyke;3789467]
Quoting Magix
Proved me wrong?

Your fantastic trade with 50 underwater and you proved me wrong?

LOL




I read your thread and I believe it is a great one. I therefore think that you are too big for this kind of unnecessary brit-bats
On the same note...where simplicity can and watching the moving averages can be a good friend can easily be found.

As I am always working to find a method to keep others safe and me more in the green, I am constantly trying to adapt and improve on my systems...posted for free, all to see. Just wanting to give our new traders a fair fighting chance.

Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #230,778
  • Jun 9, 2010 9:54am Jun 9, 2010 9:54am
anyone going short now?
Revesal Trader
  • #230,779
  • Jun 9, 2010 9:54am Jun 9, 2010 9:54am
Quoting freedomtrade
Am I the only mook here that shorted at around 1.4538?
It takes guts to jump in front of a speeding train.
  • #230,780
  • Jun 9, 2010 10:06am Jun 9, 2010 10:06am
Quoting mygoldenpips
anyone going short now?
worth shorting now at 1.46 take 40 pips
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