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Cable Update (GBPUSD)

  • #239,661
  • Jul 20, 2010 7:43pm Jul 20, 2010 7:43pm
Quoting Magix
This damon, is a state of mind and I will agree, not an easy one to overcome.

Take a look at what we have seen over the last couple days, from navins gains on the year vs what goldenpips did in a night...

Surely what we are looking at is 2 extremes, but does this mean that gp couldn't be successful on another level?

I think you need to ask the same question navin asked digger, and see what is possible once you are more comfortable with the trades.

In all honesty, I am not at the digger or gp extremes but not at the nav level either...right...

I have done it myself and your are correct, might even be impossible to overcome. The more my account grows the less I want to risk. Is it right? I don't know, but one thing for sure, the larger the account balance, the more you think about what you have to lose.

I wonder if the answer is to keep removing until you are even and in profit even with your withdraws and keep your balance relatively low, based upon your needs. IDK, really, but I like pulling money out of my trading account for now when I need to.
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,662
  • Jul 20, 2010 7:52pm Jul 20, 2010 7:52pm
Quoting damonl
I have done it myself and your are correct, might even be impossible to overcome. The more my account grows the less I want to risk. Is it right? I don't know, but one thing for sure, the larger the account balance, the more you think about what you have to lose.

I wonder if the answer is to keep removing until you are even and in profit even with your withdraws and keep your balance relatively low, based upon your needs. IDK, really, but I like pulling money out of my trading account for now when I need to.
My current account...

Was to be the last I threw into market. After blindly throwing trades into market, I whittled myself down to my last $250.

When came time for me to take some funds out of market, I withdrew close to $50k, same account.

What a difference a year makes.

I have taken my first in the $100 pip range this year, and am not completely comfortable with it...(Shat Brix)

But I keep telling myself, that even if I completely blow my account now, all I have really lost is $250.

I have made my money back that I have put into market, and added a couple extras to my account. I am playing comfortably enough to not worry about losing a trade, and yet still comfortable enough with still being happy about a 5-10 pip trade.

All the while...

I work full time. Why? I like my job, it's an easy 100k per year, and market will always be there. A nice comfy future, a few extras in my life....

It is what we make of it. Be happy with what you make, until you decide it is time to make that next step.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #239,663
  • Jul 20, 2010 7:58pm Jul 20, 2010 7:58pm
my short now with thight SL
  • #239,664
  • Jul 20, 2010 7:59pm Jul 20, 2010 7:59pm
Quoting clientfx
my short now with thight SL
Short support...You go dawg!
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #239,665
  • Jul 20, 2010 8:00pm Jul 20, 2010 8:00pm
Quoting Magix
My current account...

Was to be the last I threw into market. After blindly throwing trades into market, I whittled myself down to my last $250.

When came time for me to take some funds out of market, I withdrew close to $50k, same account.

What a difference a year makes.

I have taken my first in the $100 pip range this year, and am not completely comfortable with it...(Shat Brix)

But I keep telling myself, that even if I completely blow my account now, all I have really lost is $250.

I have made my money back that I have put into market,...
Right now I dabble a bit with 10.00 lots, but the water is cold and once I get past my mid section.. all should be good

Happy pippin my friend.. I am out for now to wake for London!
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,666
  • Jul 20, 2010 8:04pm Jul 20, 2010 8:04pm
wanted to add one more TL. Usually I don't do crossing lines on anything under daily charts, but this one may be relevant. See you all later

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"Keep your eyes on the helpers" - Mr. Rogers
  • #239,667
  • Jul 20, 2010 8:04pm Jul 20, 2010 8:04pm
The last time the cable 1h formed a tight compression
on 04/23 produced 1200 pips (thru 05/20). From the
point of compression, a fakey release up for ~100 pips
and a drop of ~1100 pips. It's taken 8 weeks to work
its way back up in a very erratic fashion.

Anyone remember my daily c-chart back in January?
The compression formation produced 2,000 PIPS.

Trying to remember if I took that one long and blew
out my account. lol

Dr. D.
Attached Images
  • #239,668
  • Jul 20, 2010 8:12pm Jul 20, 2010 8:12pm
Quoting Magix
Short support...You go dawg!
just wait and see..small lot with SL
  • #239,669
  • Jul 20, 2010 8:14pm Jul 20, 2010 8:14pm
Quoting clientfx
just wait and see..small lot with SL
Okay...Your entry just happened to be my exit...

This is what I find amusing.

Gauging by the time stamp on your post...your short is in at about 1.5264?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #239,670
  • Jul 20, 2010 8:26pm Jul 20, 2010 8:26pm
Quoting clientfx
keep you amusing a side please
A loss is not jest my friend....When you take one it sucks, when you lead others into it, it is even worse.

You might have noticed that I only chime in on you when I think you have made a real shit play....

Guess what?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #239,671
  • Jul 20, 2010 8:38pm Jul 20, 2010 8:38pm
Quoting Magix
A loss is not jest my friend....When you take one it sucks, when you lead others into it, it is even worse.

You might have noticed that I only chime in on you when I think you have made a real shit play....

Guess what?
The odds are in his favor, he might collect the short with a big profit

http://img121.imageshack.us/img121/8790/55594795.gif
  • #239,672
  • Jul 20, 2010 8:39pm Jul 20, 2010 8:39pm
Quoting Magix
A loss is not jest my friend....When you take one it sucks, when you lead others into it, it is even worse.

You might have noticed that I only chime in on you when I think you have made a real shit play....

Guess what?
Always fearing I will be awakened from my slumber
sleepinginmydumpster to an audio alert... not
for a trade but from your critiquing chime.

Dr. D.
  • #239,673
  • Jul 20, 2010 8:42pm Jul 20, 2010 8:42pm
Quoting Magix
A loss is not jest my friend....When you take one it sucks, when you lead others into it, it is even worse.

You might have noticed that I only chime in on you when I think you have made a real shit play....

Guess what?
that's my way...
my chart....
my indicator...
I dont need to arguing with other people in here...
I trade what I see....
I dont asking people to follow my way...
All about sharing...

And I dont playing Shit
  • #239,674
  • Jul 20, 2010 9:51pm Jul 20, 2010 9:51pm
My SL on shorts from Euro/Usd got hit at 129.05, I re-took the shorts again from 128.80, with the shooting star with high volumes yesterday, I am confident we will have a bear candle today.

And anyways I must take out 2000 USD by tomorrow from my account, so I have to take this risk, I have this phsycological barrier of having always an open equity of 5000 USD on my account, below that, I feel poor and start going down.
  • #239,675
  • Jul 20, 2010 9:57pm Jul 20, 2010 9:57pm
Quoting Purple
My SL on shorts from Euro/Usd got hit at 129.05, I re-took the shorts again from 128.80, with the shooting star with high volumes yesterday, I am confident we will have a bear candle today.

And anyways I must take out 2000 USD by tomorrow from my account, so I have to take this risk, I have this phsycological barrier of having always an open equity of 5000 USD on my account, below that, I feel poor and start going down.
My SL on this trade is at 129.50, do or die!
  • #239,676
  • Jul 20, 2010 10:43pm Jul 20, 2010 10:43pm
Quoting damonl
It is, but I would like him to use the same risk with a 10K account or more. I bet he won't.. risking 100 is one thing risking 10K or more is another.
hello damonl...the point is i not trying to show people i can trade..
but to show..either you use mini or standard acc...both can make money..
about risk i take..it depend..
i not OP blindly...i know what i do..i use tight SL 20pips max if u use 4digit broker..this is 5 digit so 200point.. and my SL i move to BE when my op +20
i know what i doing..i not 100% right..but i doing fine in what i do...making money out off it..
also this is my play acc..i use this acc to test EA i made..my main acc is doing much fine...got profit around 5000usd per weak with 5000usd capital..
for me..MM i use is my SL..i dont care how big or small lot size i open...i use tight SL..only put amount i rather loss..

okay...other people got other different trading method..different MM they use.. we cant judge them...call them name like idiot or what ever..
coz they way we play there game is different..
that all..let get back to make money shall we..
Revesal Trader
  • #239,677
  • Jul 20, 2010 10:47pm Jul 20, 2010 10:47pm
Quoting Purple
My SL on this trade is at 129.50, do or die!
SL moved to BE at 128.90, 2nd try at BE short Euro trades today.
  • #239,678
  • Jul 20, 2010 10:54pm Jul 20, 2010 10:54pm
Quoting mygoldenpips
hello damonl...the point is i not trying to show people i can trade..
but to show..either you use mini or standard acc...both can make money..
about risk i take..it depend..
i not OP blindly...i know what i do..i use tight SL 20pips max if u use 4digit broker..this is 5 digit so 200point.. and my SL i move to BE when my op +20
i know what i doing..i not 100% right..but i doing fine in what i do...making money out off it..
also this is my play acc..i use this acc to test EA i made..my main acc is doing much fine...got profit around 5000usd per weak...
  • #239,679
  • Jul 20, 2010 11:57pm Jul 20, 2010 11:57pm
Quoting egkid
Lion
Depends on which TF u got this sell?
Seems it stuck to me on 4h tf , Need breakout , maybe in Asia
Next few H
  • #239,680
  • Jul 21, 2010 12:14am Jul 21, 2010 12:14am
30 min flag breaking toward upside.
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