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Cable Update (GBPUSD)

  • #305,501
  • Mar 30, 2012 3:37am Mar 30, 2012 3:37am
Quoting smikester
I look forward to your charts. Work of art. Really.
cheers Mike.

the more I use the DXY, the better my odds are of not giving pips back.


Quoting wormboy
When he is reinstated I'll make sure he stays in the commercial section.

Jacko was like this too, all friendly at first, evasive when in a corner & then poof gone with people's money.
man... if I had 1100 winners in a row I'd be sitting on my yacht instead of getting a chart tan.

so much for not having the slightest grasp on statistical impossibility. If my math skills were that bad, I wouldn't be announcing it on a forum.
  • #305,502
  • Mar 30, 2012 3:42am Mar 30, 2012 3:42am
Quoting smikester
I look forward to your charts. Work of art. Really.
Nah, he copied me
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Come with me if you want to live....
  • #305,503
  • Mar 30, 2012 3:43am Mar 30, 2012 3:43am
I'm not defending the guy, it seems almost inconceivable, but to have 1100 winners consecutively is actually a statistical improbability not a statistical impossibility and it depends on the statistics it is based on - which must refer to the edge he is trading ?...although very highly improbable I agree.

G/L

Quoting Fudomyo
man... if I had 1100 winners in a row I'd be sitting on my yacht instead of getting a chart tan.

so much for not having the slightest grasp on statistical impossibility. If my math skills were that bad, I wouldn't be announcing it on a forum.
ex member
  • #305,504
  • Mar 30, 2012 3:49am Mar 30, 2012 3:49am
open short at 15988 targetting for 16000, as resistance and (8H) ma in my 5M TF..
  • #305,505
  • Mar 30, 2012 3:52am Mar 30, 2012 3:52am
38.2% of yesterday's lo-today's current hi at the current pullback lo

G/L
Attached Image
ex member
  • #305,506
  • Mar 30, 2012 3:53am Mar 30, 2012 3:53am
Quoting bbmac
Hey Nav

don't you find these long term trades heartreakers ? I don't know how you do it - they're up - then they're down lol ! I much prefer the instant (ish) gratification or instant (ish) disappointment and move on.

G/L
Im in a place where i really dont care..its like im in the game but not the player..i simply dont feel anything..somehow i have detached from the emotions of trading..is this a good thing?

yes and no

yes:- when u cant hold a trade because u get nervous
no:- u always wondering "have i lost the plot?"

i suppose like in life u need a balance
enter, place stop and chill.I think because i have no expectation of when it will happen i didnt give myself a time limit..im good and im really quite impressed that i thought i was in the trade for 3 month but actually its a lot longer..

I wanna go back to day trading after this..to see what strengths i have gained..im glad i did it assuming i get it right..learned a lot from it. This game is truly played in the mind..and the more u expose yurself too..the more u gain..its been a good decision on my part if it goes right and im sure it will pay off further down the line
  • #305,507
  • Mar 30, 2012 3:54am Mar 30, 2012 3:54am
Quoting Red Alert
open short at 15988 targetting for 1600 (8H) ma in my 5M TF..
SHORTING at 15988 looking for 1.6?? You obviously have too much money already??
Come with me if you want to live....
  • #305,508
  • Mar 30, 2012 3:59am Mar 30, 2012 3:59am
Quoting Ill-b-back
Nah, he copied me
seems like will be back for re-test previous high 6035 again..... bull looks like very strog.... but will be better to not put too much risk on lot size now.... i try to learn money management......
  • #305,509
  • Mar 30, 2012 4:00am Mar 30, 2012 4:00am
Thanks mate, nice answer.

G/L

Quoting nAVIN2007
Im in a place where i really dont care..its like im in the game but not the player..i simply dont feel anything..somehow i have detached from the emotions of trading..is this a good thing?

yes and no

yes:- when u cant hold a trade because u get nervous
no:- u always wondering "have i lost the plot?"

i suppose like in life u need a balance
enter, place stop and chill.I think because i have no expectation of when it will happen i didnt give myself a time limit..im good and im really quite impressed that i thought i was in the trade for 3 month...
ex member
  • #305,510
  • Mar 30, 2012 4:04am Mar 30, 2012 4:04am
Quoting bbmac
I'm not defending the guy, it seems almost inconceivable, but to have 1100 winners consecutively is actually a statistical improbability not a statistical impossibility and it depends on the statistics it is based on - which must refer to the edge he is trading ?...although very highly improbable I agree.

G/L
You're right, anything is possible. 10 beautiful naked women may ring my doorbell in 5 minutes... but I'm not counting on it.

If someone is trading a Martingale style system and letting their losers run they can have a higher win ratio (which doesn't equate to higher profitability because of lower position requirement and lost opportunity cost).

But a claim of 1100 winning trades in a row is approximately 5 trades a day in a year, so it would be difficult to let losers run and hit that trade count.

All trading systems need to factor in negative expectancy. Even the best trader or trading system in the world would be hard pressed to maintain anything near 100%, which is why the best traders in the world use R:R as part of their edge. Until a trader can factor their win loss properly they won't be able to structure their R:R, or a realistic growth metric for their trading.

In poker how to properly use the fold is a key component of success. Our business is no different, so win ratio is not important.

When people show up here making outrageous claims, it sends new traders completely the wrong message about what matters, or how to become profitable in this business.
  • #305,511
  • Mar 30, 2012 4:06am Mar 30, 2012 4:06am
Quoting Ill-b-back
SHORTING at 15988 looking for 1.6?? You obviously have too much money already??
sory mate, it's done already 1600 was retouched a minute ago...
  • #305,512
  • Mar 30, 2012 4:06am Mar 30, 2012 4:06am
close 2 of 6 long position at 5997


Quoting iqyu5an
added more 3 longs .....looking for 598x-601x first
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not euphoria follower
  • #305,513
  • Mar 30, 2012 4:09am Mar 30, 2012 4:09am
Good post, agree 100% - I was merely pointing out that nothing is impossible - just very highly improbable .

G/L with those women at your door-don't be greedy - send a few round here ! - I just get Jehovas witnesses with faces like a bulldog chewing a wasp.

G/L

Quoting Fudomyo
You're right, anything is possible. 10 beautiful naked women may ring my doorbell in 5 minutes... but I'm not counting on it.

If someone is trading a Martingale style system and letting their losers run they can have a higher win ratio (which doesn't equate to higher profitability because of lower position requirement and lost opportunity cost).

But a claim of 1100 winning trades in a row is approximately 5 trades a day in a year, so it would be difficult to let losers run and hit that trade count.

all trading systems need to factor in negative...
ex member
  • #305,514
  • Mar 30, 2012 4:11am Mar 30, 2012 4:11am
Quoting bbmac
Thanks mate, nice answer.

G/L
thanks buddy..

I think also as a scalper u need precision, instant execution and have to simply go with the movement..adrenaline rush is there

and thats the bit i hate.
I think if u met me in real life ud see im very calm and fairly passive individual and this adrenaline rush thing is something i wont like perhaps why i have always been leaning long term analysis.

so i do agree with faller..need to know yur personality profile and find a trading style which suits it
  • #305,515
  • Mar 30, 2012 4:14am Mar 30, 2012 4:14am
Quoting Fudomyo

In poker how to properly use the fold is a key component of success. Our business is no different, so win ratio is not important. .
This is why I rarely post a trade call. I'm quite likely to close at a small loss or BE and forget to post that fact. I will sometimes post a set up. Then if someone wants to ruin it (like me LOL) it's up to them.
Gone to a better place
  • #305,516
  • Mar 30, 2012 4:15am Mar 30, 2012 4:15am
Quoting Red Alert
sory mate, it's done already 1600 was retouched a minute ago...
Huh, I don't understand?? Your post sounded like you were shorting at 15988, looking to take profit at 1.6?? Sounded weird to me.
Anyway, I am at BE
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Come with me if you want to live....
  • #305,517
  • Mar 30, 2012 4:17am Mar 30, 2012 4:17am
Quoting nAVIN2007
thanks buddy..

I think also as a scalper u need precision, instant execution and have to simply go with the movement..adrenaline rush is there

and thats the bit i hate.
I think if u met me in real life ud see im very calm and fairly passive individual and this adrenaline rush thing is something i wont like perhaps why i have always been leaning long term analysis.

so i do agree with faller..need to know yur personality profile and find a trading style which suits it

Thanks nAVIN -
I don't trust any move - when you have profit...take it.
  • #305,518
  • Mar 30, 2012 4:18am Mar 30, 2012 4:18am
Quoting bbmac
Good post, agree 100% - I was merely pointing out that nothing is impossible - just very highly improbable .

G/L with those women at your door-don't be greedy - send a few round here ! - I just get Jehovas witnesses with faces like a bulldog chewing a wasp.

G/L
lol... mate I'd have to send them all your way. my wife would not be pleased.
  • #305,519
  • Mar 30, 2012 4:23am Mar 30, 2012 4:23am
Quoting Faller
Thanks nAVIN -
  • #305,520
  • Mar 30, 2012 4:26am Mar 30, 2012 4:26am
Quoting Fx.Fishermen
as i said.
FALSE BREAK OUT.

Hope you guys used Proper Money Management.

Choose.Wisely
hello,
what do you mean by "false break out" ?
tks
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