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Cable Update (GBPUSD)

  • #327,301
  • Oct 18, 2012 10:23am Oct 18, 2012 10:23am
Quoting wormboy
That's fine and all ... if it goes up first & you're able to lock it in. But what if it doesn't? Let's say it tanks 100 pips & not come back.

On the other hand you can trade with no stop loss I know that such statement will be shot down immediately and I do not encourage it.

I can however tell you from my experiences. Until very recently I was 'following' a trader, through receiving signals to be exact. His track record was almost 270 trades successful in a space of 35 or so weeks. That is 100% strike rate. His receipe? No stop loss. Do you think anybody is able to get so lucky for more than 6 months?

I do not know and still don't get it. He booked one loss recently, of 1 pip and I think this happened by error.

His max drawdown? It was pretty big, 25%.

At the moment he is sitting on some 4 losing trades (approx 2% of his account all GBP/USD short, first one from around 1.6. in fact he trades GBP/USD only) and as soon as price moves up by 30-40 pips, he openes new trades. Once price retraces, he closes them with profit, hence such track record.

I don't know if there is anything you can take from this, however it looks like it is possible to come out of huge loss with profit...if you have massive account that can handle this.
  • #327,302
  • Oct 18, 2012 10:31am Oct 18, 2012 10:31am
Quoting Raftron
On the other hand you can trade with no stop loss I know that such statement will be shot down immediately and I do not encourage it.

I can however tell you from my experiences. Until very recently I was 'following' a trader, through receiving signals to be exact. His track record was almost 270 trades successful in a space of 35 or so weeks. That is 100% strike rate. His receipe? No stop loss. Do you think anybody is able to get so lucky for more than 6 months?

I do not know and still don't get it. He booked one loss recently, of 1...
So lock your 10 pips when it moves let's say 20. And trade with no stops when it goes the wrong way? That's the express ride to the poorhouse.
Thank You
  • #327,303
  • Oct 18, 2012 10:38am Oct 18, 2012 10:38am
Quoting wormboy
So lock your 10 pips when it moves let's say 20. And trade with no stops when it goes the wrong way? That's the express ride to the poorhouse.
I agree. But it seems to work for some people.
  • #327,304
  • Oct 18, 2012 10:40am Oct 18, 2012 10:40am
Quoting Raftron
On the other hand you can trade with no stop loss I know that such statement will be shot down immediately and I do not encourage it.

I can however tell you from my experiences. Until very recently I was 'following' a trader, through receiving signals to be exact. His track record was almost 270 trades successful in a space of 35 or so weeks. That is 100% strike rate. His receipe? No stop loss. Do you think anybody is able to get so lucky for more than 6 months?

I do not know and still don't get it. He booked one loss recently, of 1 pip...
it's all about money management and all it involves(lot size,risked %)

if you have a big account and small lots you can hold on DD forever until it hits the TP

but this way you will not be able to grow...at all.

SL is a bit*** that's why I do not post it anymore.

I'll tell you a story and I'll post one PM..I hope that trader won't mind.


I did a study for some months now and realised that we are controlled...all of us.

there is no such thing as being able to be precise on the market as long as others know your levels.

banks keep an eye on retailers and I am not paranoid and you will see why.

Some days ago I made a definitive test with the levels sent via PM instead of public and result was amazing.

I called on public a short on GU @ 1.6065-69 but real value was 6054 from where drop is perfect but I'll be damned if I remember for how many pips,you'll read it in the PM.

If I remember I was long from 6010 on that trade and ''aiming'' on the forum for 6065-69 from where short but the real value was 6054 and there OCO.

I think we all know by now where price stopped on the 11.10.2012....

why not to place SL....this would be a good reason.


now comes the second part of the story.one day there was an intervention on BOJ that moved market 600 pips down and 700-800 up so basically nothing bad for a buy ...except the eaten SL...

again a good thing for NOT to put a SL

but imagine on a big lot trade what 600 pips can do

so,always use a SL no matter if you trade micro or standard,just double check where to put it and try not to shout out about it
  • #327,305
  • Oct 18, 2012 10:46am Oct 18, 2012 10:46am
here's the experiment and PM I was talking about

''Originally Posted by redbeben
so,I am not crazy or paranoid....more than others....and I do take my pills in time

story goes way back in time when FF was built.as in each industry you have spies.
on FF we have bankers that track what we do and they are big enough to fu*** us on SL or TP's by 1 pips

it happened to me in the past many times and to many other posters...by 1 pips I tell you.

I though that I might be wrong on calculations but math is never wrong...unless it evolved with our brains

anyway I did a lil experiment yesterday and it proves I am damn right.

above you have the entry values I posted on FF and you know I was teasing about the levels ''too high too low'' but the real value was PM'd to the interested ones(non bankers)

here's what I wrote about the last 2 trades on GU I took ''might have missed the entry on short for 1.5992 again but I'l wait 1.6030 for tp1 1.6010 tp 2 1.6002 and last 1.5995

and don't forget the last one up in case 6032 does not hold as in 6054 from where a short would be great....but at your own discretion

cheers''

''Originally Posted by redbeben
6054 minus spread

6065 -69 is second area to short but in case move up continues and I expect it to resume from 5987-85 then we should see 6054 precisely...at least as per calculation''

so....kind of to the pip on the moves but it is just anglers fish around us.

shame on you

if I would have given the right number on FF price wouldn't have reached it for sure ....so I will not post pin point accurate numbers on a public forum ever.....


p.s. I was long on GU for 6054 since 6010''
  • #327,306
  • Oct 18, 2012 10:46am Oct 18, 2012 10:46am
Quoting redbeben
it's all about money management and all it involves(lot size,risked %)

if you have a big account and small lots you can hold on DD forever until it hits the TP

but this way you will not be able to grow...at all.

SL is a bit*** that's why I do not post it anymore.

I'll tell you a story and I'll post one PM..I hope that trader won't mind.


I did a study for some months now and realised that we are controlled...all of us.

there is no such thing as being able to be precise on the market as long as others know your levels.

banks keep an...
well, if this is how the markets are controlled (in a way), maybe we should use this knowledge and start posting 'fake' numbers, fake charts etc?
  • #327,307
  • Oct 18, 2012 10:53am Oct 18, 2012 10:53am
Quoting Raftron
well, if this is how the markets are controlled (in a way), maybe we should use this knowledge and start posting 'fake' numbers, fake charts etc?
a forum is for knowledge exchange and learning purposes.it is not intended to be a signal service so nobody advices to follow numbers here but if we'd all post fake numbers and charts nobody would learn anymore

I know it sounds stupid and cliche but this world is driven by pure evil

I explained how bankers work,I told you what they do now it is up to you to trade in such a manner that would avoid your SL being eaten or TP being missed by 1 pip

50% chances in each trade,just enter in the best spot and enter in the right one then apply the SL in the perfect position and you can go to sleep



GOD BLESS FALLER AND HIS MOTTO .he's the one that said take what you have never leave profit on the table.

market is a sneaky bit**
  • #327,308
  • Oct 18, 2012 10:54am Oct 18, 2012 10:54am
Quoting Raftron
well, if this is how the markets are controlled (in a way), maybe we should use this knowledge and start posting 'fake' numbers, fake charts etc?
You can also use some of us as counter indicators, if they long you short and vice versa. It's just amazing how easy it's. Kidding but yet serious
Don't be smart. Be rich.
  • #327,309
  • Oct 18, 2012 10:59am Oct 18, 2012 10:59am
The way is do not post ur SL.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #327,310
  • Oct 18, 2012 11:04am Oct 18, 2012 11:04am
maximinus & zircon-you are starting to get the wide picture

good job
  • #327,311
  • Oct 18, 2012 11:09am Oct 18, 2012 11:09am
Quoting wormboy
I know

No malice intended, just thought it was a bit misleading when you do not account for the stop losses being hit irrespective of the size. When stops are hit getting that 20 pips/day or 56k by the end of the year does not become so straight forward anymore.

Good luck on your trades my friend.
true,very true.this is why we as traders need to be veeery careful were we enter the trades and to have a min 2-1 RR.this way if we jump in for 20 pips only we need a max 10 pips SL.this is possible but in time..very long time.

cheers
  • #327,312
  • Oct 18, 2012 11:14am Oct 18, 2012 11:14am
Quoting redbeben
maximinus & zircon-you are starting to get the wide picture

good job
I read your posts since very very long time. I know how you are in truth, but never had the time and the courage to support your posts. I think that's a lost battle. I'm more pessimist than you but less paranoid (no offence).
It must be remembered that FF is a business, and they make money not directly with our posts, but indirectly, yeah. You know who pay them and for what.
Don't be smart. Be rich.
  • #327,313
  • Oct 18, 2012 11:18am Oct 18, 2012 11:18am
,
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #327,314
  • Oct 18, 2012 11:19am Oct 18, 2012 11:19am
Quoting Zircon
,
Ok
Don't be smart. Be rich.
  • #327,315
  • Oct 18, 2012 11:22am Oct 18, 2012 11:22am
Quoting maximinus
I read your posts since very very long time. I know how you are in truth, but never had the time and the courage to support your posts. I think that's a lost battle. I'm more pessimist than you but less paranoid (no offence).
It must be remembered that FF is a business, and they make money not directly with our posts, but indirectly, yeah. You know who pay them and for what.
if the bishops were planning to kill the Pope..GOd's messenger,I can only be paranoid and only think of conspiracies

starting today I can only be the most pessimistic human being.I see darkness all over.today I had a rough day that proved me once again that behind each person lies a dark shadow,one is bigger than the person one smaller....for most it is bigger and there is nothing you can do to change it
  • #327,316
  • Oct 18, 2012 11:27am Oct 18, 2012 11:27am
Next time you close a trade - watch the ticker on the left. You will not close a short without the ticker jumping up a fraction when you press close. You will not close a long without the ticker jumping down a fraction when you press close.

Everything - but everything is against you. Know that.

Regards
  • #327,317
  • Oct 18, 2012 11:30am Oct 18, 2012 11:30am
Quoting wormboy
What if the trade goes 100 pips the wrong way before you're even able to lock anything? And it doesn't come back?
he will tell you he got out at BE
  • #327,318
  • Oct 18, 2012 11:30am Oct 18, 2012 11:30am
Quoting redbeben
if the bishops were planning to kill the Pope..GOd's messenger,I can only be paranoid and only think of conspiracies

starting today I can only be the most pessimistic human being.I see darkness all over.today I had a rough day that proved me once again that behind each person lies a dark shadow,one is bigger than the person one smaller....for most it is bigger and there is nothing you can do to change it
With all the bastard and their crap the sun rises yet every day. So there must be somewhere some soldiers guarding the light in the shadows.
HOPE.
Don't be smart. Be rich.
  • #327,319
  • Oct 18, 2012 11:31am Oct 18, 2012 11:31am
Quoting TauTrader
Next time you close a trade - watch the ticker on the left. You will not close a short without the ticker jumping up a fraction when you press close. You will not close a long without the ticker jumping down a fraction when you press close.

Everything - but everything is against you. Know that.

Regards

soooo true, and when the market is flying, your platform seems to jump sporadically when you need to be accurate and you find yourself entering the trade some pips after you wanted
  • #327,320
  • Oct 18, 2012 11:33am Oct 18, 2012 11:33am
Quoting redbeben
you're just jealous
you have nothing for any man to be jealous of, i just know bullshit when i see it. any way good luck
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