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Cable Update (GBPUSD)

  • #317,961
  • Jul 3, 2012 7:48am Jul 3, 2012 7:48am
Quoting PoundTrader
c'mon it is 2 pips diff a fortune
  • #317,962
  • Jul 3, 2012 8:07am Jul 3, 2012 8:07am
Quoting redbeben
well,trading the other account the ordinary way is not helping you as you will fail to be disciplined on the other one....I guess.

lately I realised that if you are a good trader you are a lousy person in day to day life and you will only have friends that respect you but don't like you(they don't feel you close)

I mean the bigger the account and bigger the DD in money not in percentage,the more emotional brain cells you will fry(trust me on this one)

on a 1-10k account a DD of 20 pips or 100 pips is something from 100 usd to...
Thank you for your explanation, very sharp word ....., but i think it's part of sharing between us...you know...In my real life, i am the owner of small company with 13 staff, in this posistion risk taker is natural character to run the bussiness where we always facing a risk in every decission. I believe Plan do check action can be used also in trading. Learning is never ending process. i have my own target in every work i do.

I really respect on you as good trader with proven performance. Most of your position posted here working very well.

it is your right to judge me personally. It's Ok..try to take good side of your critic to evaluate my self.

Lousy person?,,,,,thank you for saying that......

Finally, let me shake your hand and let's back to better topic
  • #317,963
  • Jul 3, 2012 8:20am Jul 3, 2012 8:20am
Quoting Red Alert
Thank you for your explanation, very sharp word ....., but i think it's part of sharing between us...you know...In my real life, i am the owner of small company with 13 staff, in this posistion risk taker is natural character to run the bussiness where we always facing a risk in every decission. I believe Plan do check action can be used also in trading. Learning is never ending process. i have my own target in every work i do.

I really respect on you as good trader with proven performance. Most of your position posted here working very well....
Crikey Red, you really know how to take things in your stride brother
Come with me if you want to live....
  • #317,964
  • Jul 3, 2012 8:30am Jul 3, 2012 8:30am
Quoting Ill-b-back
Crikey Red, you really know how to take things in your stride brother
hi mate, thank you very much....
  • #317,965
  • Jul 3, 2012 8:42am Jul 3, 2012 8:42am
Quoting Red Alert
Thank you for your explanation, very sharp word ....., but i think it's part of sharing between us...you know...In my real life, i am the owner of small company with 13 staff, in this posistion risk taker is natural character to run the bussiness where we always facing a risk in every decission. I believe Plan do check action can be used also in trading. Learning is never ending process. i have my own target in every work i do.

I really respect on you as good trader with proven performance. Most of your position posted here working very well....
no no no Red you got me wrong mate

I wasn't talking about you.I never judge any trader on this forum nor from my friends.

I was only talking in general as It happened to me so I only share (I blew accounts,I grew up,I fried my brains)

wasn't pointing a finger to anybody apart from myself.

sorry if you got that wrong
  • #317,966
  • Jul 3, 2012 8:49am Jul 3, 2012 8:49am
another ranging week.
  • #317,967
  • Jul 3, 2012 8:51am Jul 3, 2012 8:51am
Quoting redbeben
updated now 1.5691-94

F**** me ...first stop was correct damn 2 extra pips

anyway closed half @ 1.5689 rest @ +20 pips locked
  • #317,968
  • Jul 3, 2012 8:51am Jul 3, 2012 8:51am
Quoting redbeben
no no no Red you got me wrong mate

I wasn't talking about you.I never judge any trader on this forum nor from my friends.

I was only talking in general as It happened to me so I only share (I blew accounts,I grew up,I fried my brains)

wasn't pointing a finger to anybody apart from myself.

sorry if you got that wrong
ahaa.....so i misundertood you , then It's clear, thank you aniway....so i get your point now....it's good for everybody to learn ....
  • #317,969
  • Jul 3, 2012 8:54am Jul 3, 2012 8:54am
Quoting PoundTrader
another ranging week.
You got that right dude, the only thing trending right now is the 1min TF
Come with me if you want to live....
  • #317,970
  • Jul 3, 2012 8:57am Jul 3, 2012 8:57am
Quoting redbeben
F**** me ...first stop was correct damn 2 extra pips

anyway closed half @ 1.5689 rest @ +20 pips locked


weeeee TP touched now....moving SL higher to 1.5691..previous TP
  • #317,971
  • Jul 3, 2012 9:01am Jul 3, 2012 9:01am
Quoting redbeben
weeeee TP touched now....moving SL higher to 1.5691..previous TP
and out



done for today
  • #317,972
  • Jul 3, 2012 9:10am Jul 3, 2012 9:10am
Quoting redbeben
and out



done for today
good for you. enjoy your evening.
  • #317,973
  • Jul 3, 2012 9:20am Jul 3, 2012 9:20am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting kamifx
in this tough business sometimes need fun
But what's UR prediction about trend Up or Down? and Why?
Actually... It's going up a little bit more, then down a bit, before going back up more, then reversing & going a little further down, a slight retrace up as a fake out, then back down, no more up for about 2 hours then it will continue down & head back up slightly pause & continue up forming a double top, then we should see it head back down a solid retest up before continuing down again but not too far down as that would be too far. If it goes too far down it will come back up again before heading back down.

Hope this helps I'm working on a chart to illustrate the theory rt now.
  • #317,974
  • Jul 3, 2012 9:52am Jul 3, 2012 9:52am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting kamifx
in this tough business sometimes need fun
But what's UR prediction about trend Up or Down? and Why?
Sorry kamifx. I was only agreeing with your comment about needing FUN. My sarcasm was not intended at you directly. While the post was intended to be funny my analysis was no laughing matter. I only hoped to illustrate the fact that the market is in one of those cyclical states right now. Whether it's due to fundamentals, lack of liquidity, or whatever. The point is your $$ will go a lot further on either side of this consolidation range which could last the rest of the week.
  • #317,975
  • Jul 3, 2012 9:57am Jul 3, 2012 9:57am
Price is a rollercoaster this morning. Those are fun.
  • #317,976
  • Jul 3, 2012 10:32am Jul 3, 2012 10:32am
Todays trades ended at about +0.57%.

Two trades where handled like an order set (marked yellow) to be able to average out the set in profit. Some say you should never add to a loosing order. I disagree, especially with so small orders as I take. I aim for 0.1% (=$50), but are also happy with 0.05% (=$25), or even less.
So all todays order closed in profit. My average win-rate is normally over 90%.

Joe
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  • #317,977
  • Jul 3, 2012 10:44am Jul 3, 2012 10:44am
Quoting redbeben
I'm in long EU @ 1.2584 TP 1.2680-2700 SL 1.2530

40 pipis pips
  • #317,978
  • Jul 3, 2012 10:48am Jul 3, 2012 10:48am
Quoting redbeben

40 pipis pips
  • #317,979
  • Jul 3, 2012 10:55am Jul 3, 2012 10:55am
just locked profit @ 1,2615 and opened sell @ 1.2622 TP 1.2595 ...in the next 1h and 40 min...I hope

then I might load again for longs ..

1.2625-30 is a sellers area and above @ 1.2660 and 1.2690
  • #317,980
  • Jul 3, 2012 10:59am Jul 3, 2012 10:59am
Quoting Forex-Joe
Todays trades ended at about +0.57%.

Two trades where handled like an order set (marked yellow) to be able to average out the set in profit. Some say you should never add to a loosing order. I disagree, especially with so small orders as I take. I aim for 0.1% (=$50), but are also happy with 0.05% (=$25), or even less.
So all todays order closed in profit. My average win-rate is normally over 90%.

Joe

at this rate of 200-300 usd per day you have more than a decent living out of trading

congrats
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