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Cable Update (GBPUSD)

  • #234,561
  • Jun 29, 2010 11:11pm Jun 29, 2010 11:11pm
Quoting Catch-22
Yea, everyone is different. I'm not the best trader in the world, I'm just trying to show a different way of thinking about money management that would allow more lossses.
Again, I understand...

Logic, being what it is, I do remember a time and have chatted with other traders where we focused on just not losing as much as the day prior....

I say if you can get good at taking 10 pips per trade, you have an excellent starting point. From there, with each trade your confidence will grow, your account will increase, and then you can work on catching the bigger fish...

It is walking before you run is all..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,562
  • Jun 29, 2010 11:16pm Jun 29, 2010 11:16pm
however you are and whoever you are...... be humble . Money is not everything .......

Peace
  • #234,563
  • Edited 11:57pm Jun 29, 2010 11:45pm | Edited 11:57pm
Quoting Magix
For each trader and especially those new to market, if every day prior or for weeks prior your daily gain was a negative number, starting with a +10 pip per trade is a very good place to be.

Really, 10 pips is not a lot, but it is when you keep losing them same 10 pips.

We all have to walk before we run.

Next, we all have to define ourselves by the parameters that allow us to trade....
you give good example but not in reality magix, that's just an 'anecdote' to say 'profit' each trade..
if TP 10 pips/ trade , so how much SL that been used in that trade? 10 pips? 5 pips? or keep 40 pips? that's not use MM and RR, right? (also not considering GU characteristic)

50 pips/trade with SL 30 Pips, that would be more real.
I will be the number one Manager.
  • #234,564
  • Jun 29, 2010 11:57pm Jun 29, 2010 11:57pm
does this thread also discuss about fundamental ?
i'd like to know from senior trader here, what are the effect from the current world wide stock drop ?

hi javapips, i also live in indo .
it would be nice to join your chat room if you have one.
  • #234,565
  • Jun 30, 2010 12:00am Jun 30, 2010 12:00am
Quoting javapips
you give good example but not in reality magix, that's just an 'anecdote' to say 'profit' each trade..
if 10 pips/ trade , so how much SL that been used in that trade? 10 pips? 5 pips? or keep 40 pips? that's not use MM and RR, right? (also consider GU characteristic)

50 pips/trade with SL 30 Pips, that would be more real.
Samsies...

The order isn't closed until you decide it needs to be.

So, whether your threshold for a draw down is greater then you would wish to see profit, the end result is when you hit the button to close the trade.

Or, if you catch onto a good clip where you never see anything greater then spread minus in your account before tripping the trade out.

This is what defines us as traders. What we trade, when we trade, what we will allow for our own MM, what we set as our reasonable target.

Forexlion posted an account statement a while back...it had gains of some 2000 pips on the month. In that, I believe there was close to a 3500 or so draw down had he closed these trades before his targets, but that really doesn't matter. End of the month, he had 2000 extra in his account...

Don't matter how you look at it, if the end of the month your account is greater then was at the beginning, and your focus was on 10 pips per trade or 10 pips per pair per day and you made that target, you get to trade next month.

Bottom line is the bottom line.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,566
  • Jun 30, 2010 12:10am Jun 30, 2010 12:10am
well, well, well. i don`t just know what to say now. am long with -30; i hoe am doing the right thing though...
  • #234,567
  • Jun 30, 2010 12:39am Jun 30, 2010 12:39am
Quoting mcmartins
well, well, well. i don`t just know what to say now. am long with -30; i hoe am doing the right thing though...
i am with other side..
i am short..
hope luck with me today...
Revesal Trader
  • #234,568
  • Jun 30, 2010 12:44am Jun 30, 2010 12:44am
Quoting mygoldenpips
i am with other side..
i am short..
hope luck with me today...
just only wait

Comments of dealers on pound
The pound/dollar has risen above the restoration established before a maximum at level of $1.5075 pounds dollar and now the dollar where as dealers inform, resistance will be shown aspires to a mark of $1.5095 pounds. Interest is established on the way to area of $1.5105 pounds dollar. Break above this mark will open a way for the further movement to $1.5120/30 pound dollar where there are maxima during the Asian and New York sessions. If they are passed, the pair will direct to $1.5150 pounds dollar. Ascending dynamics of euro pound has encountered resistance, and now the pair is more low stg0.8100 euro pound. Dealers mark îôåðà in area stg0.8100/10 and further on stg0.8120 euro pound. Áèäû at level stg0.8090 euros pounds remain, stops are located more low on break. A source: Forexpf.Ru - News of the market Forex forex
  • #234,569
  • Jun 30, 2010 12:44am Jun 30, 2010 12:44am
i'm using MA 12, 21 & 50 and 200 for overall trend.. for those entering short i think i will consider.."no worries mate"..
  • #234,570
  • Jun 30, 2010 12:50am Jun 30, 2010 12:50am
Quoting Privet
just only wait

Comments of dealers on pound
The pound/dollar has risen above the restoration established before a maximum at level of $1.5075 pounds dollar and now the dollar where as dealers inform, resistance will be shown aspires to a mark of $1.5095 pounds. Interest is established on the way to area of $1.5105 pounds dollar. Break above this mark will open a way for the further movement to $1.5120/30 pound dollar where there are maxima during the Asian and New York sessions. If they are passed, the pair will direct to $1.5150 pounds dollar....
tq boss..
lock on BE
news in around 10min more...
Revesal Trader
  • #234,571
  • Jun 30, 2010 12:52am Jun 30, 2010 12:52am
I'm short, so I'd love to see a news reaction to the downside. But if not, I'm out quick.
Only expectation matters . . .
  • #234,572
  • Jun 30, 2010 1:04am Jun 30, 2010 1:04am
Quoting Forextrader4
I'm short on gbp/usd. Off to the clubbbb
Woohooo....
  • #234,573
  • Jun 30, 2010 1:05am Jun 30, 2010 1:05am
I am waiting to see a clearer direction. I see a wsdge on the h4 - pink lines and the h1 - red lines. Looking for a close below the 200ema - yellow line for a short, first target 1.49732. For a move to the top I would like to see the h4 wedge closed above with first target the r2 at 1.51278.

examplem30.gif
Attached Image (click to enlarge)
Click to Enlarge Name: examplem30.gif Size: 28 KB
  • #234,574
  • Jun 30, 2010 1:14am Jun 30, 2010 1:14am
Quoting mygoldenpips
tq boss..
lock on BE
news in around 10min more...
http://condor3.betonmarkets.com//d//...GB&skin=PORTAL

don't worry, be happy!
  • #234,575
  • Jun 30, 2010 1:20am Jun 30, 2010 1:20am
Quoting mdiz2
I am waiting to see a clearer direction. I see a wsdge on the h4 - pink lines and the h1 - red lines. Looking for a close below the 200ema - yellow line for a short, first target 1.49732. For a move to the top I would like to see the h4 wedge closed above with first target the r2 at 1.51278.

examplem30.gif
what is period your Ematrigger has?
  • #234,576
  • Jun 30, 2010 1:23am Jun 30, 2010 1:23am
Quoting Privet
what is period your Ematrigger has?
5/12 got the template from Magix thread but switched the macd for imacd with 12,26,9
  • #234,577
  • Jun 30, 2010 1:23am Jun 30, 2010 1:23am
Quoting Privet
http://condor3.betonmarkets.com//d//...GB&skin=PORTAL

don't worry, be happy!
Be very careful with that company - if you come up with a winning strategy they will amend the rules or terms to stop you winning.

They cannot hedge their losses so will not allow you to win - just as any bookmaker doesn't allow consistent winners.
I've got my pips - go get yours!
  • #234,578
  • Jun 30, 2010 1:25am Jun 30, 2010 1:25am
Quoting mdiz2
5/12 got the template from Magix thread but switched the macd for imacd with 12,26,9
I have 5/8. try on M30. I think it so better
  • #234,579
  • Jun 30, 2010 1:25am Jun 30, 2010 1:25am
Quoting BackTestDummy
Be very careful with that company - if you come up with a winning strategy they will amend the rules or terms to stop you winning.

They cannot hedge their losses so will not allow you to win - just as any bookmaker doesn't allow consistent winners.

hard to find good and decent broker for small trader like me...
Revesal Trader
  • #234,580
  • Jun 30, 2010 1:27am Jun 30, 2010 1:27am
Quoting BackTestDummy
Be very careful with that company - if you come up with a winning strategy they will amend the rules or terms to stop you winning.

They cannot hedge their losses so will not allow you to win - just as any bookmaker doesn't allow consistent winners.
thank you. I'll be to know. And I never don't risk so.
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