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Cable Update (GBPUSD)

  • #297,981
  • Jan 14, 2012 4:56pm Jan 14, 2012 4:56pm
Quoting aarontdang
Why would you ever want to hold losing positions that much? the more losing positions you hold the more likely you will end up with margin call. Use stop loss
Free up your margin better that way.
To make $ it's easy if you trade during Asian hour.
Small range unless it's break loose.

You can't make $ until you learn how to take loss on losing positions.
When you're on the wrong side, just accept that you're wrong.
Buddy dont teach me how to stop losses and stuff... for me... EURUSD is too Depressed and not the best time for me to hit the SL button... expecting atleast a retrace to 1.35 someone will think im retarded but we'll see...

And yea i AM making $ While holding some seriously huge losing trades in Pips... dont try to lecture me, i know my way in managing an account... reason why i didnt close is because this is a bot trade gone wrong... totally wrong... and i didnt notice it until those EURUSD are -900 sth, so far im keeping my account growing while holding the EURUSD in the long run... if i see something really bad happenign or im desperate for some margin, i can always hedge the 2 EURUSD longs... but dont see the necessity yet...

so please, leave my account alone and let me manage... besides im not worried bout margin call as long as my margin level stays above 500% im safe, thats for my trading preferences... people would like to see margin level of over 10k%, i dont need that much
Balance is still growing... and as long as i can keep equity rising, im fine...

And about trading in Asia, THAT IS THE WORSE time ever... Low liquidity conditions, you can easily get F**ked up in the ass when a big boy bank decides to manipulate in those hours...
Asia Trading is good to monitor but i Avoid it
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,982
  • Jan 14, 2012 5:20pm Jan 14, 2012 5:20pm
Anyway goodluck to you ... Keep holding those losing positions.
with that mentality, you can't survive in Forex.

you can only trade small lots with that mentality.
You can't get fuk if you have reasonable Stop Loss

I make the most Pips out of Asian session.
Usually looking for retrace

Quoting bguguen
Buddy dont teach me how to stop losses and stuff... for me... EURUSD is too Depressed and not the best time for me to hit the SL button... expecting atleast a retrace to 1.35 someone will think im retarded but we'll see...

And yea i AM making $ While holding some seriously huge losing trades in Pips... dont try to lecture me, i know my way in managing an account... reason why i didnt close is because this is a bot trade gone wrong... totally wrong... and i didnt notice it until those EURUSD are -900 sth, so far im keeping my account growing...
  • #297,983
  • Jan 14, 2012 5:32pm Jan 14, 2012 5:32pm
Quoting bguguen
yea btw im 19 years old still in my learning curve here... its been dumb of me to let someone trade my account but over the last 2 months, ive been applying my own knowledge in forex to save this account buddy... as far as i see this month will be as profitable as the last, however i still need to manage the losing trades, what i intend to do with the EURUSD is to close them if it gets back up to 1.35 which is still a possibility, while making as much as i can on other pairs to compensate if it continues to fall, so far its been great
Despite EURUSD...

I personally gave u a vouch because u helped to correct me..I also think in time u will be a good trader..in that u have a proven track record..why?
cause u believe it!! ..thats the 1st step in acheiving results..economics aint bad either..lol

vouch remain
  • #297,984
  • Jan 14, 2012 5:45pm Jan 14, 2012 5:45pm
Quoting nAVIN2007
I personally gave u a vouch because u helped to correct me..I also think in time u will be a good trader..in that u have a proven track record..why?
cause u believe it!! ..thats the 1st step in acheiving results..economics aint bad either..lol

vouch remain
Thanks nav, ill keep updating you with the analysis as long as i can before college starts...
as for my account, sorry for keeping it a secret but im working my ass off trying to recover my account after what happened to it after i trusted it to someone else to trade it... i sacked him and now im all hands in trading manually...
I wont be closing the EURUSD until i see some decent recovery.
i wont get punked by people who think they know better on how to manage an account...
for what concerns me... My equity grown from the bottom at 900 USD to now 1.5k usd...
despite im holding the 2 EURUSD longs, and EURUSD keeps dropping... My Equity is still rising thats whats important...
aarontdang can say whatever he wants, but i wont margin call, im gona get my account back up no matter what, without the use for more deposit
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,985
  • Jan 14, 2012 5:47pm Jan 14, 2012 5:47pm
Quoting nAVIN2007
I personally gave u a vouch because u helped to correct me..I also think in time u will be a good trader..in that u have a proven track record..why?
cause u believe it!! ..thats the 1st step in acheiving results..economics aint bad either..lol

vouch remain
Crikey, just noticed yours and Pound Traders vouch nAV, so what's your excuse for vouching for me? just joking bro, but seriously I am barely breaking even this month, just curious what I did to win some approval. Thx dude.
Come with me if you want to live....
  • #297,986
  • Jan 14, 2012 6:01pm Jan 14, 2012 6:01pm
Quoting bguguen
Thanks nav, ill keep updating you with the analysis as long as i can before college starts...
as for my account, sorry for keeping it a secret but im working my ass off trying to recover my account after what happened to it after i trusted it to someone else to trade it... i sacked him and now im all hands in trading manually...
I wont be closing the EURUSD until i see some decent recovery.
i wont get punked by people who think they know better on how to manage an account...
for what concerns me... My equity grown from the bottom at 900 USD to...
like i said..u believe in yourself thats very impt..i personally thought u were a lot older..i know wormie picked up on it, the confidence..dont ever lose it..and remain humble..i think u will go far

Quoting Ill-b-back
Crikey, just noticed yours and Pound Traders vouch nAV, so what's your excuse for vouching for me? just joking bro, but seriously I am barely breaking even this month, just curious what I did to win some approval. Thx dude.

good charts my man
  • #297,987
  • Jan 14, 2012 6:31pm Jan 14, 2012 6:31pm
Quoting nAVIN2007
like i said..u believe in yourself thats very impt..i personally thought u were a lot older..i know wormie picked up on it, the confidence..dont ever lose it..and remain humble..i think u will go far




good charts my man

Well im only a lot confident now having a mentor to help me out in forex a self employed forex trader who makes an average of 1k USD per week...
got him to teach me to stay calm and the fundamentals stuff... got me thinking how the big boys would act and stuff... thats why i was able to tell you last week 5270 was the key and that big boys would stop hunt below 5370 for 5-30 pips of Orders lined up there...

As for me, i do the technicals charting and fib resistance...
when my technicals are lining up with his Fundies, the trades worked great...
he only offered to help me out last december when my account was in a dire situation... hes a good friend of mine and now we are managing this account together since december, and the results... well you can see december was a great month for me and for my mentor who helped with some trades...

In fact he reckons the SNB and BOJ are on the verge of intervention, SNB to peg the EURCHF possibly to 1.25 or 1.3 after 1.2 gets tested

BOJ is a bit of a wild card but fundie wise their strong JPY is disrupting the Japanese economy which heavily relies on their exports... export prices are too high, so we know the BOJ is gona intervene, problem is BOJ unlike the SNB have a different way of intervening, they are cheap... they are not like the Swiss with big balls capable of throwing large piles of cash...
Evidence is EURCHF pegging compared to UJ's intervention styles the BOJ has been intervening when key support level gets broken and intervening for only 100-150 pips... but when the Swissy intervenes... man oh man 900 pips is nothing for them...
I reckon the BOJ will intervene, but using a gradual push method their intervention my target is 80 but analysts are talking 85 hmmmm...
but its gona be a gradual move i think...like 100 pips every week or so or even slower...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,988
  • Jan 14, 2012 6:49pm Jan 14, 2012 6:49pm
Quoting nAVIN2007
like i said..u believe in yourself thats very impt..i personally thought u were a lot older..i know wormie picked up on it, the confidence..dont ever lose it..and remain humble..i think u will go far




good charts my man
Uh ha, thx dude. Now if only they would work in my favour more often, or if only I would follow them more often. I went thru a phase where my charting was correct but would 2nd guess it and not follow my lines and get smacked for it. Then other times I WOULD follow my lines, fibs, MA's and get smacked for it, very frustrating. But following the plan to achieve growth over the year like you said earlier in a post. My attention span limits me to the day sometimes or the week at a stretch. Anyway, works in progress. Thx brother
Come with me if you want to live....
  • #297,989
  • Jan 14, 2012 7:51pm Jan 14, 2012 7:51pm
Quoting bguguen
In fact he reckons the SNB and BOJ are on the verge of intervention, SNB to peg the EURCHF possibly to 1.25 or 1.3 after 1.2 gets tested

BOJ is a bit of a wild card but fundie wise their strong JPY is disrupting the Japanese economy which heavily relies on their exports... export prices are too high, so we know the BOJ is gona intervene, problem is BOJ unlike the SNB have a different way of intervening, they are cheap... they are not like the Swiss with big balls capable of throwing large piles of cash...
Evidence is EURCHF pegging compared...

yes....agree...

snb is success then boj since there a alot of yen borrower there than chf borrower .....furthermore,japan is third largest economy and usd/jpy is a major currency pair in the worl...is is very hard for boj to change the direction of the "YEN CARRY"

for snb.... probably we gonna see 1.25 first and more in this "swear of 1.2 unlimited quantitiy of intervention" ..haha

chf will open fire maybe this week since they cant react on friday because of the S&P rating event hit the market....

this only my 2 cent
Bismillah
  • #297,990
  • Jan 14, 2012 10:10pm Jan 14, 2012 10:10pm
ok i spent some time to read recent posts here.
i would like to understand why people becoming interested in other people profits'.

i think that this is not a kind of thread, where some one comes as signal provider for those who even dont know what means "forex" and still want to try trade it, i think that nobody should be interested if me or any other gets 1$ or 200.000$ on a trade!

i think that nobody should point out things about what anybody profit or loose in a trade. what the hell makes the difference if i profit 5000$ with a 15 pips or if i profit 100$ with 300 pips?

i think this thread is to share our view about possible and more probable trend in GBP USD.

i think that if some one looks like being in wrong side of a trade, is very good to say him "hey, imo you took it wrong!" like fudomyo said to navin in a very good chatting, but makes non sense to attack people long only because you are short. everyone will get his own mistake one day!

i think that forex market is a dirty beast, and will today eat my money and tomorrow will eat yours.

i think that in every single pip, there is some one going short for a reason, and some one else going long.

IF you (im just refering to "you", the man/woman reading this post) think that here you find signal providers, and you come in and listen to people and take profits to your totally inability to trade.... well.... there is a big problem then!

this thread is to share ideas, views, positions, facts and thoughts about fundamentals etc.... if i got it wrong, i will disappear immediatly.

let me know.
thanks.
90% of traders use TA, indicators and prediction
  • #297,991
  • Jan 14, 2012 10:31pm Jan 14, 2012 10:31pm
since everybody talking about money,
i want to share my overall results after 3years trading or so.

i started with heavy profits which soon came as heavy loosings.
then i totally changed my trading method.

actually having some profits but overall, after 3 years im in a total net loss of 3.450€.

for some one this is nothing. for some others this is a huge amount.
for me is an investment.

in my trading experience i found a lot of people shouting about having billions in a year etc.

i think its time to say the truth: this is not a kind of work where you come in and after 2months you can buy supercars and fly with an elycopter from your home to go out with friends....

trading is like any other work around the world: you need to learn how to do, you need some one who teach you, you need to invest your time to learn your mistakes and only after years of suffering and mistakes and loosings you will definetly understand if it is time to look for another work or to stay here and trade this fukking crazy market!

billions of schools and people who say "hey i know the secret about trading!" or..... "trading is easy, you only need this and you only need to do that"

fuck!
this market is the wrost thing you can fight with or is your best friend.

you, and only you can decide which is your side!

people managing accounts of thousands clients, people knowing everything, people coming in and saying "i did better, you know fukking nothing"

WTF.
90% of traders use TA, indicators and prediction
  • #297,992
  • Jan 14, 2012 10:35pm Jan 14, 2012 10:35pm
in my trading experience i saw a lot of people coming and leaving.

in my life i knew a lot of people thinking "today i know everything!" and the day after they went fucked badly by everything they knew so well.

we never know in our life what the fukking hell will happen after we wake up in our beds.

sometimes we are so busy that we even dont know what has happened during a day, until we take some 20-30 minutes to think somthing like "hey, wtf happened today? what did that man say to me? what did i say to that woman?"

and then we come in like we know everything about forex.


fuck
90% of traders use TA, indicators and prediction
  • #297,993
  • Jan 14, 2012 10:42pm Jan 14, 2012 10:42pm
i know people earning 30k 10k 50k weekly in this market.

then in a month they lost 50k.
one lost 30k in a trade.

people talk about big boys
who big boy?
who move market?

fuck.

there is nothing.

nobody moves this damn market.
who have trillions liquidity to move it?
governements??? c'0mon, wake up!!!

we could be here and be best trading group ever seen, and we fight in this shit!!
me first.

we only need to understand what is the other's trading method.


one can see a move up of 30pips near a resistance and the other see the revesal of 2500 pips near the same resistance.

who is wrong? who have the balls to say that the 1st is wrong and the 2nd is right?
90% of traders use TA, indicators and prediction
  • #297,994
  • Jan 14, 2012 10:42pm Jan 14, 2012 10:42pm
im fukking too drunk.


fuck.
90% of traders use TA, indicators and prediction
  • #297,995
  • Jan 14, 2012 10:46pm Jan 14, 2012 10:46pm
trendlines....
supports....
indicators....

fuck fuck fuck.

navin said best thing ever few post ago: its all about you feel a trade!!


you feel it good? hold it!
you feel it bad? what the fuck did you get in the market if you were feeling it bad ????? i do this every day. at least i get 1loosing. fuck.

nobody here get a loosing???? i dont trust you!!!
i dont trust the fukk anybody!!!

everybody get a loose,.
everybody burn accounts!!

they simply dont share it.

i fuccked 3 acounts in my life. and so? also 1 went from 1k to 15k? and so?
90% of traders use TA, indicators and prediction
  • #297,996
  • Jan 14, 2012 10:49pm Jan 14, 2012 10:49pm
website say tey know stops, they know orders (fxlive is one) they know what politicans say.

everybody know fukking everything.

then market moves and eat them, you, me, and everybody was thinking... ok, we are going down so lets SELL

and market reverse up in no time.

fuck fuck fuuuuuuuck
90% of traders use TA, indicators and prediction
  • #297,997
  • Jan 14, 2012 10:53pm Jan 14, 2012 10:53pm
nobody will say nothing because everybody know im fukkin saying the truth.

when amrket comes donw 500 pips some one appears saying hey... i told you, look! im short 400 pips above you. while nobody came in saying "from here we reverse for 500pips !"
well only very few people here.

very very very few people do real trading here. i know them and respect them!

they are careful and wait and wait until things are clear.

then there is scalpers.

then there is bullshit.
then there is those who come in and hold pandora box.

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah


fukc.
i go to bed.
see you tomorrow.
90% of traders use TA, indicators and prediction
  • #297,998
  • Jan 14, 2012 11:18pm Jan 14, 2012 11:18pm
Quoting _BBKing_
nobody will say nothing because everybody know im fukkin saying the truth.

when amrket comes donw 500 pips some one appears saying hey... i told you, look! im short 400 pips above you. while nobody came in saying "from here we reverse for 500pips !"
well only very few people here.

very very very few people do real trading here. i know them and respect them!

they are careful and wait and wait until things are clear.

then there is scalpers.

then there is bullshit.
then there is those who come in and hold pandora box.

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah...
friend calm down...
  • #297,999
  • Jan 15, 2012 12:05am Jan 15, 2012 12:05am
Quoting _BBKing_
nobody will say nothing because everybody know im fukkin saying the truth.

when amrket comes donw 500 pips some one appears saying hey... i told you, look! im short 400 pips above you. while nobody came in saying "from here we reverse for 500pips !"
well only very few people here.

very very very few people do real trading here. i know them and respect them!

they are careful and wait and wait until things are clear.

then there is scalpers.

then there is bullshit.
then there is those who come in and hold pandora box.

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah...
I would be absolutely Laaaaauuuggghhhiiinnnggg my arse off right now BB if my baby was not asleep. Dude, I love your passion and honesty, it really is truly inspiring. I also really love how you see this place as a place purely to share and learn, not a place to show off and show everyone how good you are. (must admit I felt motivated by this, only to get royally slapped a bit by this ranging market). Dude, you and nAV are cool. You just a bit crazy and a shitload funny when you get drunk. . have a good sleep and I hope you are not too hungover in the morning.
Come with me if you want to live....
  • #298,000
  • Jan 15, 2012 12:18am Jan 15, 2012 12:18am
Quoting _BBKing_
nobody will say nothing because everybody know im fukkin saying the truth.

when amrket comes donw 500 pips some one appears saying hey... i told you, look! im short 400 pips above you. while nobody came in saying "from here we reverse for 500pips !"
well only very few people here.

very very very few people do real trading here. i know them and respect them!

they are careful and wait and wait until things are clear.

then there is scalpers.

then there is bullshit.
then there is those who come in and hold pandora box.

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah...


I love this Guy!!!!
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