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Cable Update (GBPUSD)

  • #305,541
  • Mar 30, 2012 4:58am Mar 30, 2012 4:58am
Quoting Ill-b-back
Thanks nAV, I know you have been there before, I know the risk but will follow my system. It produces far more winners than losers and they are 3-4 times bigger also (if) I am patient and just wait for the signal, that's all I need to know. It doesnt have to 100% correct. All businesses have to spend money (cost of business/risk, however you want to put it) in order to make money. The signal I hedged on was a soft signal which I will just think of ignoring in the future. It's just that these soft signals made me a lot of pips in last month or so...
never know what the future brings my friend
  • #305,542
  • Mar 30, 2012 4:58am Mar 30, 2012 4:58am
Quoting Ill-b-back
Are you serious BB?
yes i am!!!
of course i am! why should i not be?!
was asking because i don't know what people mean by "false break out" and so i'm trying to get my own idea about.
in the past i had to "discuss" with a friend about this thing and so probably i have a wrong idea about the meaning of it.
just this
90% of traders use TA, indicators and prediction
  • #305,543
  • Mar 30, 2012 5:00am Mar 30, 2012 5:00am
Quoting smikester
http://www.forexfactory.com/trades.php

is all I've got to say. The leader has a win rate of 65%.

my win trade is through the roof as well..unfortunately dont mean much when caught up like i am for months

I think he is a good trader personally thou i have no clue about his system
  • #305,544
  • Mar 30, 2012 5:03am Mar 30, 2012 5:03am
Quoting nAVIN2007
my win trade is through the roof as well..unfortunately dont mean much when caught up like i am for months

I think he is a good trader personally thou i have no clue about his system
yes he is!
then about his character i don't care....a lot of people are strange, me first!!
90% of traders use TA, indicators and prediction
  • #305,545
  • Mar 30, 2012 5:04am Mar 30, 2012 5:04am
Quoting Faller
I have an idea - instead of taking up so much room on the pages here posting your results - why don't you start a blog and just post a link to your blog. That way anyone interested can go there and see all of your results.

I am not bashing you at all - only you know your results. Just to keep the length of the post to a reasonable size....maybe you could just start a blog.

Cheers.

Faller.
thanks,

that's a good idea.I just wanted to post the proof that's all.In this thread I was only posting charts and explanations.

Have a great weekend.
  • #305,546
  • Mar 30, 2012 5:06am Mar 30, 2012 5:06am
Quoting _BBKing_
yes i am!!!
of course i am! why should i not be?!
was asking because i don't know what people mean by "false break out" and so i'm trying to get my own idea about.
in the past i had to "discuss" with a friend about this thing and so probably i have a wrong idea about the meaning of it.
just this
Ok sorry BB. (To me) a false breakout is a price break of a high or low (particularly when the high or low is sitting at an imortant fib like 5990 is) followed quickly afterwards by a price reversal. It catches buyers/sellers off guard who buy/sell these breakouts, targetting the resistance/support, or fib etc, only to see price go against them soon afterwards. This is precisely why I hate stop orders.
Come with me if you want to live....
  • #305,547
  • Mar 30, 2012 5:08am Mar 30, 2012 5:08am
Quoting Ill-b-back
Thanks nAV, I know you have been there before, I know the risk but will follow my system. It produces far more winners than losers and they are 3-4 times bigger also (if) I am patient and just wait for the signal, that's all I need to know. It doesnt have to 100% correct. All businesses have to spend money (cost of business/risk, however you want to put it) in order to make money. The signal I hedged on was a soft signal which I will just think of ignoring in the future. It's just that these soft signals made me a lot of pips in last month or so...
Wow... 3-4 times bigger, i like this .....with your method, you will get more pips from both side sell and buy, the key is momentum when you will close these positions one by one......
  • #305,548
  • Mar 30, 2012 5:10am Mar 30, 2012 5:10am
Quoting smikester
http://www.forexfactory.com/trades.php

is all I've got to say. The leader has a win rate of 65%.
Come on Smikester, the best traders arent in here. My win rate and others I know of, are way above 65% and I just follow my signals. I really don't wish to shake anything up but I thought that was out of place. Wife is home after a week away. Got to go
Come with me if you want to live....
  • #305,549
  • Mar 30, 2012 5:11am Mar 30, 2012 5:11am
Quoting smikester
http://www.forexfactory.com/trades.php

is all I've got to say. The leader has a win rate of 65%.
smike-again no offence here but as one of the traders said those days ''before, we used to think the earth was flat''

this is why we need to get over some fix ideas that some things are impossible

another good thing to proove that many things are wrong is the relativity theory as it is based on the light speed as absolute speed.

everybody know it is wrong as photon is not the fastest particle but nobody can proove it yet.

what I do to achieve this numbers is divide account in 3 or use 3 accounts

one is long term
one is scalper one is mid term


on one account I use 1/3 of the balance as value of 1 account and trade using MM only to that 1/3

1/3 I use it if my trade is trapped for longer period of time (scalping for a living)

the last 1/3 I use it as a buffer for DD

Normally on long term shots I try to hold a 500 pips DD as a max but it depends on the charts.

then again I don't know who the Leader is nor try to be one.just want to share period.

if nobody is interested I won't post anymore
  • #305,550
  • Mar 30, 2012 5:11am Mar 30, 2012 5:11am
Quoting _BBKing_
yes he is!
then about his character i don't care....a lot of people are strange, me first!!
yeah i agree..my vouch stands..
I just hope he can tone it down and not come across like he trying to sell
  • #305,551
  • Mar 30, 2012 5:13am Mar 30, 2012 5:13am
Quoting redbeben
smike-again no offence here but as one of the traders said those days ''before, we used to think the earth was flat''

this is why we need to get over some fix ideas that some things are impossible

another good thing to proove that many things are wrong is the relativity theory as it is based on the light speed as absolute speed.

everybody know it is wrong as photon is not the fastest particle but nobody can proove it yet.

what I do to achieve this numbers is divide account in 3 or use 3 accounts

one is long term
one is scalper one is mid term


on...
u can post bro!! this thread is about contibuting..just dont try and sell anything
  • #305,552
  • Mar 30, 2012 5:17am Mar 30, 2012 5:17am
Quoting nAVIN2007
I wanna go back to day trading after this..to see what strengths i have gained..

I hope Cable hits your target area of 1.65 or at least a breakeven point for you so that you can be more active!!!
I don't trust any move - when you have profit...take it.
  • #305,553
  • Mar 30, 2012 5:22am Mar 30, 2012 5:22am
Quoting Faller
I hope Cable hits your target area of 1.65 or at least a breakeven point for you so that you can be more active!!!

it will

god willing

thanks buddy..i need to make corn thou..I dont regret it
I personally stand by the trade decision

everytime i see yur nick "faller" i see fish..lol
  • #305,554
  • Mar 30, 2012 5:23am Mar 30, 2012 5:23am
Quoting Ill-b-back
Ok sorry BB. (To me) a false breakout is a price break of a high or low (particularly when the high or low is sitting at an imortant fib like 5990 is) followed quickly afterwards by a price reversal. It catches buyers/sellers off guard who buy/sell these breakouts, targetting the resistance/support, or fib etc, only to see price go against them soon afterwards. This is precisely why I hate stop orders.
uff i have a different idea about this but it is due to purely meaning of the words:
a breakout is a breakout. means that a price broke up/down of a level where previously did not 1-2-1000 times.
so, by definition it can't be false, otherwise it would not exist.
then i agree, there are kind of brekout where price simply break and go in that direction without turning back, even 15pips. and there are breakouts which are in strong levels and in strong pressure areas, so happens a lot of taking profits, stop loss, stop orders, new orders etc... so price goes insane for some time (1 to unlimited minutes usually) and can also strongly reverse.

i'm just realizing that people maybe call "false break out" the second scenario.
90% of traders use TA, indicators and prediction
  • #305,555
  • Mar 30, 2012 5:35am Mar 30, 2012 5:35am
Daily chart shows the previous swing hi zones (potential resistance) and the one going to 6165 is also a previous weekly swing hi...between those and down to current daily hi are just fibs and calculated pivots really.

It's not a fractal swing on this daily t/f yet but wherever it comes @ today's current hi or above - it will be a HH on this daily t/f...so 3 x HL's and 2 x HH's now.

G/L
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ex member
  • #305,556
  • Mar 30, 2012 5:38am Mar 30, 2012 5:38am
Quoting nAVIN2007
unfortunately dont mean much when caught up like i am for months

I think he is a good trader personally thou i have no clue about his system
Quoting redbeben
Normally on long term shots I try to hold a 500 pips DD as a max but it depends on the charts.
I was going to say something, but don't even know where to begin.

Good luck guys
  • #305,557
  • Mar 30, 2012 5:39am Mar 30, 2012 5:39am
Quoting Fudomyo
I was going to say something, but don't even know where to begin.

good luck guys
I hear yah
  • #305,558
  • Mar 30, 2012 5:55am Mar 30, 2012 5:55am
Quoting redbeben
hi guys ,

no need to get impatient.just got my account reactivated.

here are the trades I was talking about.belive it,don't belive it,hand written,photoshop whatever you want.

smike- talking about posting and photoshoping but yesterday I was on the road nearly the whole day.

wormie-I'm back.please ask to who you want to move me to commercial...like I'm advertising or selling anything.but if this is your wish so be it.

if anyone is curious to see how I did it you could just ask here and I will post

but please don't make me loose my time...

OH MY GOD
I trade to live
  • #305,559
  • Mar 30, 2012 6:00am Mar 30, 2012 6:00am
Quoting redbeben

if nobody is interested I won't post anymore
Yur a good guy..im sorry i had a slight doubt towards u..your right this world is full of bullshit people, seriously even myself cant believe how we trust people and find the one least likely to be the ones that actually do...

do post im intrigued to know more about yur views of analysis

thank u for sending me what u have
  • #305,560
  • Mar 30, 2012 6:00am Mar 30, 2012 6:00am
Just to clarify. I did not mention photoshop. I just don't have time for this.
Gone to a better place
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