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Cable Update (GBPUSD)

  • #235,541
  • Jul 5, 2010 6:18am Jul 5, 2010 6:18am
Quoting Bleek
I did but you got me before the edit.

You think I'm trying to pass off Einstein's work as my own?

Anyway you exaggerated the risk, 22 winning trades and you could lose it all tomorrow? Doesn't sound like discipline to me!
the future is unknown my friend i have displine but it took a long time for me to get to a point where market cannot effect me..the moves make no difference to me mentally..i just follow my plan..

i dont need to trade i just trade when the chart shows me a good opportunity..no opportunity no trade
  • #235,542
  • Jul 5, 2010 6:20am Jul 5, 2010 6:20am
Quoting cloggie
Once the first TL goes am looking for my second third at TL2
Clogg good chart, TL2 holds more weight than TL1.

TL2 falls around the 1.5050 level which is consistent with support level too.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #235,543
  • Jul 5, 2010 6:25am Jul 5, 2010 6:25am
Quoting nAVIN2007
the future is unknown my friend i have displine but it took a long time for me to get to a point where market cannot effect me..the moves make no difference to me mentally..i just follow my plan..

i dont need to trade i just trade when the chart shows me a good opportunity..no opportunity no trade
Fair enough.

I wasn't intending to have a go at you, I used to curse trading and say it was incredibly difficult etc but I came to the realisation it's as simple as you make it.

I personally think these forums have a lot of claptrap and finding decent information is liking finding a needle in a haystack, that comment isn't aimed at any particular individual. People say they make their own calls but if that were the case why would there be so many posts? There's a lot of unhealthy (and unprofitable) reliance here.
"I made all my money by selling too soon"
  • #235,544
  • Jul 5, 2010 6:39am Jul 5, 2010 6:39am
Quoting Bleek
Fair enough.

I wasn't intending to have a go at you, I used to curse trading and say it was incredibly difficult etc but I came to the realisation it's as simple as you make it.

I personally think these forums have a lot of claptrap and finding decent information is liking finding a needle in a haystack, that comment isn't aimed at any particular individual. People say they make their own calls but if that were the case why would there be so many posts? There's a lot of unhealthy (and unprofitable) reliance here.
yup i agree..there a lot of noise..but saying this..if it wasnt for forex factory i wont be where i am today..there some amazingly talented people in here that have helped me to get to where i am ..i just need to get better!

trading is an amazing thing! it really is
  • #235,545
  • Jul 5, 2010 6:49am Jul 5, 2010 6:49am
Quoting nAVIN2007

trading is an amazing thing! it really is

Trading is one of the last remaining businesses where whatever you do has a direct result, no one else has control over you, no one tells you what to do, no boss, no one to blame when things go wrong. And of course the profit potential is limitless.

It is the last bastion of true capitalism, you back your own belief with your own money.
  • #235,546
  • Jul 5, 2010 7:05am Jul 5, 2010 7:05am
Quoting nAVIN2007
yup i agree..there a lot of noise..but saying this..if it wasnt for forex factory i wont be where i am today..there some amazingly talented people in here that have helped me to get to where i am ..i just need to get better!

trading is an amazing thing! it really is
Noise and jealousy - "follow me, I am the best". Whenever a successful fellow makes a post, he is pounced upon.

This thread can improve 100% if only people STOP commenting on what others have done and stick to what they are doing or should be done. But they do not seem to master this elemenatary discipline - they must make an adverse comment.

Forums are about fellowship and helping each other find solutions. This is not practiced here. As for helping the newbies - the best is to tell them that this is not for everyone - learn and then earn and learning can be done better by visual-listening i.e. reading the posts of others than by making silly posts themselves. Question others by all means but not in the mode adopted here - somehow it does not jell.
  • #235,547
  • Jul 5, 2010 7:11am Jul 5, 2010 7:11am
Im short from 1.5125 targeting 1.5080 , SL at 1.5160.
comments are welcome
  • #235,548
  • Jul 5, 2010 7:11am Jul 5, 2010 7:11am
Quoting Bleek
Fair enough.

I wasn't intending to have a go at you, I used to curse trading and say it was incredibly difficult etc but I came to the realisation it's as simple as you make it.

I personally think these forums have a lot of claptrap and finding decent information is liking finding a needle in a haystack, that comment isn't aimed at any particular individual. People say they make their own calls but if that were the case why would there be so many posts? There's a lot of unhealthy (and unprofitable) reliance here.
Can't agree. As a very newbie i always make my own calls but constantly refer to this site to check out wether my calls are in line with experienced traders calls. I've found that I've develpoped a list of people whom I respect and those I dont. Whatever..... I always follow my own calls because of my personal M.M.
All systems of divination, like music itself,work through patterns.
  • #235,549
  • Jul 5, 2010 7:22am Jul 5, 2010 7:22am
Quoting vilas
Noise and jealousy - "follow me, I am the best". Whenever a successful fellow makes a post, he is pounced upon.

This thread can improve 100% if only people STOP commenting on what others have done and stick to what they are doing or should be done. But they do not seem to master this elemenatary discipline - they must make an adverse comment.

Forums are about fellowship and helping each other find solutions. This is not practiced here. As for helping the newbies - the best is to tell them that this is not for everyone - learn and then earn...
u obviously a very good trader..and yur 100% in what u have written. the only thing that has saved me in trading is my caution and respect for this game..finding solutions for emotions is a needle in hay stak situation..people egos will be voiced..with i bet is triggered through pain as trading results havent met expectations..

when i first started trading i was very vocal..it was pain the market gave me..many helped..thx god
  • #235,550
  • Jul 5, 2010 7:24am Jul 5, 2010 7:24am
Quoting kaspopsicle
Can't agree. As a very newbie i always make my own calls but constantly refer to this site to check out wether my calls are in line with experienced traders calls. I've found that I've develpoped a list of people whom I respect and those I dont. Whatever..... I always follow my own calls because of my personal M.M.
once u realise yur call is the only call that matters and u dont need another call for reference is the day yur trading will have a new identity

chart below - very basic PA (testing support on 4hr)
Attached Image (click to enlarge)
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  • #235,551
  • Jul 5, 2010 7:24am Jul 5, 2010 7:24am
Quoting nAVIN2007
the only thing that has saved me in trading is my caution and respect for this game..finding solutions for emotions is a needle in hay stak situation..

And that in a nutshell is the key to becoming succesful in this business. Trading itself is pretty simple, find the trend on a higher TF and buy/sell the SR's on a lower one. It is that phycological aspect that gets in the way of most traders here becoming succesful, once you learn to overcome that you are closing the gap.
  • #235,552
  • Jul 5, 2010 7:24am Jul 5, 2010 7:24am
Quoting kaspopsicle
Can't agree. As a very newbie i always make my own calls but constantly refer to this site to check out wether my calls are in line with experienced traders calls. I've found that I've develpoped a list of people whom I respect and those I dont. Whatever..... I always follow my own calls because of my personal M.M.
I do exactly the same.....
  • #235,553
  • Jul 5, 2010 7:25am Jul 5, 2010 7:25am
1.515 also being fridays low critical point imo

M5:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0066.png Size: 32 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #235,554
  • Jul 5, 2010 7:28am Jul 5, 2010 7:28am
Quoting cloggie
And that in a nutshell is the key to becoming succesful in this business. Trading itself is pretty simple, find the trend on a higher TF and buy/sell the SR's on a lower one. It is that phycological aspect that gets in the way of most traders here becoming succesful, once you learn to overcome that you are closing the gap.
damn straight
  • #235,555
  • Jul 5, 2010 7:29am Jul 5, 2010 7:29am
Quoting kaspopsicle
Can't agree. As a very newbie i always make my own calls but constantly refer to this site to check out wether my calls are in line with experienced traders calls. I've found that I've develpoped a list of people whom I respect and those I dont. Whatever..... I always follow my own calls because of my personal M.M.
Right way to go and of course keep replenishing your Knowledge-base.
  • #235,556
  • Jul 5, 2010 7:30am Jul 5, 2010 7:30am
Quoting Fudomyo
Thanks for being logical.

I can cook up a photoshop doc of a "real" trading account in 5 minutes, that's easy. So posting accounts is complete BS.

The sad truth is, 98% of the people posting on FF don't make money trading (including many of the senior traders). People lie out of convenience or weakness, and create the false impression that this is a viable way to earn a living. It just isn't true for the majority of people.

The 1% or 2% of people who earn a living trading are extraordinary individuals.


People can say whatever they like,...
Forgive the delay in replying. I am very new to forex but was carefully entering into a trade when you posted the above comments.
Some of us here have a lot to learn.
However we like to make our own decisions.( and are very gratefull for the help we recieve.) within our learning curve.
We are adult,grown ups...it is up to us whether we win ,loose,...live or die.
I would rather die with the GOOD POSITIVE people on this thread than listen to your "successfull" claptrap.. And please dont waste this space with your accounts. Certainly no good to me
All systems of divination, like music itself,work through patterns.
  • #235,557
  • Jul 5, 2010 7:38am Jul 5, 2010 7:38am
Quoting cloggie
And that in a nutshell is the key to becoming succesful in this business. Trading itself is pretty simple, find the trend on a higher TF and buy/sell the SR's on a lower one. It is that phycological aspect that gets in the way of most traders here becoming succesful, once you learn to overcome that you are closing the gap.
Simply put and correct. The Psychological elements - fear and greed - assail the ill-eqipped trader. This as you said is the ultimae bastion of Capitalism - less money in the pocket will always divert the attention of the trader to survial - and the moment he "cuts the loss" to do that, the market begins to go in his direction ! Therefore MM. If one has it then Trading IS EASY.

Goold Luck to all !
  • #235,558
  • Jul 5, 2010 7:42am Jul 5, 2010 7:42am
Quoting nAVIN2007
u obviously a very good trader..and yur 100% in what u have written. the only thing that has saved me in trading is my caution and respect for this game..finding solutions for emotions is a needle in hay stak situation..people egos will be voiced..with i bet is triggered through pain as trading results havent met expectations..

when i first started trading i was very vocal..it was pain the market gave me..many helped..thx god
A very frank and interesting self-restrospection. And that is the way to Profits. So, you finally found how to counter emotions : Mastery of your system is part of it - one has to pay his dues at the altar of "Study".

Congratulations, Navin.
  • #235,559
  • Jul 5, 2010 7:46am Jul 5, 2010 7:46am
Quoting vilas
Simply put and correct. The Psychological elements - fear and greed - assail the ill-eqipped trader. This as you said is the ultimae bastion of Capitalism - less money in the pocket will always divert the attention of the trader to survial - and the moment he "cuts the loss" to do that, the market begins to go in his direction ! Therefore MM. If one has it then Trading IS EASY.

Goold Luck to all !
It is that simple, right now a trader who missed the drop from this morning will be looking at his M5/15 and seeing a move down, he is eager to make some pips and takes the short, totally ignoring the support on H1/4. A CT would see this as an opporunity to go long of this support ignoring the consolidation on H1/H4. A trader who has patience would just sit here and wait for a direction and go with the flow, whether a trender or a countertrender. A trender taking direction of H4 would not see a significant resistance here to sell from, a countertrender would not see the CT confirmed. Now a scalper can have some fun here.

And that again in a nutshell is different approaches to trader's different strategies. A "newer" trader just needs to find one he/she likes, one he/she has backtested succesfully and one he/she can make money with.

That is also a brief synopsis of the different posters here, there are different TF's and different strategies, it does not mean that a poster is wrong here, it just means it does not suit your style.
  • #235,560
  • Jul 5, 2010 7:52am Jul 5, 2010 7:52am
Quoting kaspopsicle
Forgive the delay in replying. I am very new to forex but was carefully entering into a trade when you posted the above comments.
Some of us here have a lot to learn.
However we like to make our own decisions.( and are very gratefull for the help we recieve.) within our learning curve.
We are adult,grown ups...it is up to us whether we win ,loose,...live or die.
I would rather die with the GOOD POSITIVE people on this thread than listen to your "successfull" claptrap.. And please dont waste this space with your accounts. Certainly no good to me...
There is ONE good thing about accounts posted by good traders - it gives you the confidence that it can be DONE. You must have a vision - see it in your mental eye if you have to succeed in accomplishing something.
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