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Cable Update (GBPUSD)

  • #320,201
  • Jul 31, 2012 9:40pm Jul 31, 2012 9:40pm
Quoting minortrader
Throughout history, humanity and nations have prospered whenever this nobleness was recognised and practiced. Societies went into decline whenever the so-called the knowledgeable elite became too aloof and declined to share their wisdom with the common folks.

Forex Factory Forums are a great place to share your wisdom, knowledge, methods and techniques with all. This, besides helping those who need this help, also (in my humble opinion) benefits the contributors as well by almost forcing them to refine and finesse their techniques continuously....
Very well written......thanks.

I don't trust any move - when you have profit...take it.
  • #320,202
  • Jul 31, 2012 9:53pm Jul 31, 2012 9:53pm
Quoting Faller
so why the fuck are we are here sharing charts and thoughts etc? Or is it all bullshit? In the beginning I always thought the market had a camera on my computers seeing my traders......so basically you guys just confirmed that we should keep our mouths shut and trade in our quite dungeon of a hole of a basement bomb shelter?

please help me..............
If nobody would share....we will see posting open position long shorts at xxx, tp xxx, SL xxx....reason: THIS IS NOT YOUR FUCKING BUSSINESS!!!!!, "MY HOLY GRAIL", or something like this +10 pips, +50 pips was closed, $5000 come in to my pocket today.....i am rich.......
But nobody would post -100, cut loss for 50 pips, or today i lost $500.......So seems like that the trading the matter of profit only......but The fact????
Came on guys...at least share the chart and bit analysis maybe 30% of your ultimate knowledge or what BBking called "holy grail", i know everybody have their own right to keep their "secret winning method", but at least you share something......
Just remember sharing won't make you poor...you will be rich.....
  • #320,203
  • Jul 31, 2012 9:56pm Jul 31, 2012 9:56pm
Quoting minortrader
Throughout history, humanity and nations have prospered whenever this nobleness was recognised and practiced. Societies went into decline whenever the so-called the knowledgeable elite became too aloof and declined to share their wisdom with the common folks.

Forex Factory Forums are a great place to share your wisdom, knowledge, methods and techniques with all. This, besides helping those who need this help, also (in my humble opinion) benefits the contributors as well by almost forcing them to refine and finesse their techniques continuously....
I like the way you say ......
  • #320,204
  • Jul 31, 2012 10:52pm Jul 31, 2012 10:52pm
Quoting PoundTrader

After reading what PoundTrader wrote earlier I don't think I will post much more here.....not that I am great....but I do have my OWN edge.......you make me feel uneasy PoundTrader.......

Or maybe I will be more encrypted with my posts......but what does that help?

dam.....

Faller.
I don't trust any move - when you have profit...take it.
  • #320,205
  • Jul 31, 2012 11:01pm Jul 31, 2012 11:01pm
Quoting Faller
so why the fuck are we are here sharing charts and thoughts etc? Or is it all bullshit? In the beginning I always thought the market had a camera on my computers seeing my traders......so basically you guys just confirmed that we should keep our mouths shut and trade in our quite dungeon of a hole of a basement bomb shelter?

please help me..............
90% come to Forums to find company bc trading is a lonely game. Then some to post their trades. But the newbies are so naive that they want the poster to down his pants and show all. That is when these good-samaritans get "sick" of the unending enquiries and MOST are soon gone ! There was a great poster here - most trades right. Then an experienced trader got into him simply because he did not like the idea of "lime-light" falling on this guy. Ultimately, the fellow - he was young - simply quit. He wrote to me," I think this guy wants everyone to just read his trades". And that is that.

Sharing thoughts is quite another thing. I don't think many would make money even if BB shared his thoughts with him ! Working hard, going thru' a hundred books is the only way. If people think that by reading a few posts they are going to make money, then it is just their mind !

And yet, there are good systems being posted here if only people took the trouble to "study" them instead of questioning the poster at every op.
  • #320,206
  • Jul 31, 2012 11:08pm Jul 31, 2012 11:08pm
I am a ‘junior’ and have watched and eventually joined this forum for all of the reasons you have said, but primarily so that I could learn and become a better trader.

However, anybody just looking for signals from ‘the posse’ on this site will just tie themselves up in knots. Rarely have I seen consensus from you all in how the market will go, some short, some long.... Aaargh!! Confuse me some more why don’t you!!!!!

So yes, I watch and learn but I have my own system and my own trading plan, sometimes I refine it but this is done based on my own experience not on listening to this thread.

My main reason for reading this thread is that it is an on-going soap opera with various characters and differing personality traits, sometimes better than what is on telly. Little arguments followed by love in are common….I think you all secretly love each other.

So keep it up, it’s a good read….and newbies can learn on here just by looking how the market is being interpreted and seeing good practice mm, sl etc.……..

Inevitably though, they have to create their own personal trading style otherwise how can they learn?
  • #320,207
  • Jul 31, 2012 11:10pm Jul 31, 2012 11:10pm
Quoting Faller
After reading what PoundTrader wrote earlier I don't think I will post much more here.....not that I am great....but I do have my OWN edge.......you make me feel uneasy PoundTrader.......

Or maybe I will be more encrypted with my posts......but what does that help?

dam.....

Faller.
Well, PT, an old friend, is right.
you are right about " dam .. ..." But there is nothing wrong about posts such Buy xxx, SL yyy, TP zzz because only 1 in 100 would follow you ! But most want you to show your charts and all and that not only wastes time of Poster but is of no use to most because anyway they do not understand it !

BTW, you can feel good about posting the results of your Edge ! Not many will really derive the benefits while giving you the right to feel good !

Cheers. The world has been like that, " dam....".
  • #320,208
  • Jul 31, 2012 11:17pm Jul 31, 2012 11:17pm
Quoting PoundTrader
true story king, i knew a guy who wans't a trader but was a geek who decide to build a system, this guy got it right the first time, his win percent was 70% and he would average 63 pips to his loses of 32 pips, after about a year this guy made about 300k after starting his account with 10k, so this guy decide to give it away to all his geek friends and with in 3 months the system went belly up. when i seen this guy again he told me never share something thats makes you money.
Hard to believe a few geeks can destroy a profitability of such an excellent system. Maybe more to the market condition then the fact he gave it away?
  • #320,209
  • Jul 31, 2012 11:24pm Jul 31, 2012 11:24pm
Quoting PoundTrader
NO OFFENSE to anybody, but did you notice most people come here to learn, so let me ask a ? if most traders comming here to learn who are they learning from? it like the blind leading the blind
learning from others mistakes lol
  • #320,210
  • Jul 31, 2012 11:27pm Jul 31, 2012 11:27pm
Quoting PoundTrader
NO OFFENSE to anybody, but did you notice most people come here to learn, so let me ask a ? if most traders comming here to learn who are they learning from? it like the blind leading the blind
Cant argue with that
  • #320,211
  • Jul 31, 2012 11:30pm Jul 31, 2012 11:30pm
Quoting PoundTrader
most traders can't figure out there own mistakes so how you gonna figure out there's
it takes a certain kind of person to be successful in this game. I believe you need to be good at adapting. Trading is an ancient artform where the winnings are protected by the select few. Thus u need
to be able to learn on the job and do it quick. There are 3 correctional mechanisms programmed into our brains. Learn from ur mistake ur peers mistake or not doing it all
  • #320,212
  • Jul 31, 2012 11:37pm Jul 31, 2012 11:37pm
Quoting sidhujag
it takes a certain kind of person to be successful in this game. I believe you need to be good at adapting. Trading is an ancient artform where the winnings are protected by the select few. Thus u need
to be able to learn on the job and do it quick. There are 3 correctional mechanisms programmed into our brains. Learn from ur mistake ur peers mistake or not doing it all
you figure this out then your on the right track ( you can't consistently be a winning trader if your banking on being right more then 50 percent of the time, you have to figure out how to make money being right 20 to 30 percent of the time. ) you figure that out your be around for a long time.
  • #320,213
  • Jul 31, 2012 11:46pm Jul 31, 2012 11:46pm
Quoting PoundTrader
you figure this out then your on the right track ( you can't consistently be a winning trader if your banking on being right more then 50 percent of the time, you have to figure out how to make money being right 20 to 30 percent of the time. ) you figure that out your be around for a long time.
we all know it's much easy to be wrong 70% of the time in this market, but once i figure out how to make money only winning 30% of time i was on my way. and also my winning % went up, we focus to much on having a high win %, you must think outside the box when trading this market. my way of thinking led me to trade with out using a single chart
  • #320,214
  • Aug 1, 2012 12:25am Aug 1, 2012 12:25am
S#%t, and they said this thread was dead
This is quite a resurrection.

My own 2c
Trading styles are many and can b simple or more complex.
Simple short term PA traders who trade moves as they occur, others hope and pray, others rely on data, timing, and more complex indies that hint of structure and market premeditation and others maybe a mix.
My own feeling is that depending on our own method and thus view of the market, we may or may not feel we have a system to guard.

Some here to learn, some with a heart to teach, some to display their skills, others to play and have fun.

Come with me if you want to live....
  • #320,215
  • Aug 1, 2012 12:27am Aug 1, 2012 12:27am
Quoting Ill-b-back
S#%t, and they said this thread was dead
This is quite a resurrection.

My own 2c
Trading styles are many and can b simple or more complex.
Simple short term PA traders who trade moves as they occur, others hope and pray, others rely on data, timing, and more complex indies that hint of structure and market premeditation.
My own feeling is that depending on our own method and thus view of the market, we may or may not feel we have a system to guard.

Some here to learn, some with a heart to teach, some to display their skills, others...
im sorry i had to stir things up, i was bord thread was dying so i had to do something
  • #320,216
  • Aug 1, 2012 12:29am Aug 1, 2012 12:29am
now i will post a losing trade, im long at 1.5660, s/l 1.5624, t/p 1.5748. goodnight
  • #320,217
  • Aug 1, 2012 12:37am Aug 1, 2012 12:37am
Quoting Ill-b-back
S#%t, and they said this thread was dead
This is quite a resurrection.

My own 2c
Trading styles are many and can b simple or more complex.
Simple short term PA traders who trade moves as they occur, others hope and pray, others rely on data, timing, and more complex indies that hint of structure and market premeditation and others maybe a mix.
My own feeling is that depending on our own method and thus view of the market, we may or may not feel we have a system to guard.

Some here to learn, some with a heart to teach, some to display their...
Hell I am just here to earn enough money to bring my family down under to visit your family......only problem is........I have not got the invite yet.....

I don't trust any move - when you have profit...take it.
  • #320,218
  • Aug 1, 2012 12:53am Aug 1, 2012 12:53am
I will post a trade also.....

but I will actually post a chart showing my trade.....and further to that....it is not even the god dam Pound.....it is the god dam Euro!!!!!!!!!!!!!!!!

If you want an explanation...I don't kow if I can give you one....just look at my track record....then look at my charts.....the holy grail is there somewhere...........you just have to find it like I did.......oh...and it cost me a lot of money to find it.
Attached Image (click to enlarge)
Click to Enlarge Name: holy grail.jpg Size: 124 KB
I don't trust any move - when you have profit...take it.
  • #320,219
  • Aug 1, 2012 12:58am Aug 1, 2012 12:58am
weakness in gbp this last push up and 0 pips up from gbp while eur moves 15
  • #320,220
  • Aug 1, 2012 1:02am Aug 1, 2012 1:02am
Quoting sidhujag
weakness in gbp this last push up and 0 pips up from gbp while eur moves 15

Hence the chart that is above your post.....hmmmmmmm.
I don't trust any move - when you have profit...take it.
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