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Cable Update (GBPUSD)

  • #327,921
  • Oct 23, 2012 11:39am Oct 23, 2012 11:39am
Quoting Fudomyo
Excellent!

For now, I'm closing smaller waves until we get trend momentum. It's amazing you held through the weekend and the deep pullback on Monday.

Good to hear bro!

Thanks I was crapping bricks the whole time!
Ghost Rider - WWTBMD?
  • #327,922
  • Oct 23, 2012 11:43am Oct 23, 2012 11:43am
Quoting fxtyrant
Totally agree with fudoyomo, thats why ive decided to Share my account and trade details on the trade explorer here in Forex Factory, Though a Demo account, it still shows my trade with no moderations, Demo is simply because im trying to trade with a strategy ive studied over the past year.. and if good enough, will consider trading real.... but im not afraid to hide my trades, or analysis.... Atleast my Calls for Short are justifyable....by the trades i hold on my account...
i take massive care on my demo as if its a real account. Reason? [b]well...
One of the reasons why I don't share my account is so that others can follow. I have put in a lot of hard work over the last 3 years so why should somebody with no knowledge or skill make money on the back of my hard earned sweat and tears.

I have given all that I have learned through my posts here on FF and I am glad to have shared it to other FF members so that they can learn what I have learned. I have posted trades mostly after the fact, a few times before the fact so that others could learn from them, but this is where I will draw the line.

I will never be a signal service. I will never manage accounts for others. I am doing this for me and my family and no one else!
  • #327,923
  • Oct 23, 2012 11:43am Oct 23, 2012 11:43am
Quoting albchr
Good rules. Similar but not exactly the same as mine. Basically everything except trading the pullback is the same.

The way I see it, if you figure it will pull back, why not pull a few along the way? If I wasn't US based and could trade both ways, I'd still be in that 6123 short as well and then just add.
Heres the reason why.....
ill explain....
when you know a trend, the price usually follows it if the trend is valid....

Anyways Here is a Simple picture to teach noobs the BASIC FUNDAMENTAL rule to Trend Trading... THere is a reason why they say the Trend is your friend....

Attached Image (click to enlarge)
Click to Enlarge Name: Riding the trend.jpg Size: 67 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,924
  • Oct 23, 2012 11:46am Oct 23, 2012 11:46am
Quoting bbakker
One of the reasons why I don't share my account is so that others can follow. I have put in a lot of hard work over the last 3 years so why should somebody with no knowledge or skill make money on the back of my hard earned sweat and tears.

I have given all that I have learned through my posts here on FF and I am glad to have shared it to other FF members so that they can learn what I have learned. I have posted trades mostly after the fact, a few times before the fact so that others could learn from them, but this is where I will draw the line....
And i respect you for that bbaker, but my dream is to become a forex trader at a bank so i have to get used to tradign People's money and the only way that i can think of thats CLOSE to doing that is to have people Choose for themselves if they want to use my signals or not... besides i make comission for ever pip they earned through my signal so hey why the hell not... good beginning for an aspiring banker...

But you have yoru reasons and i respect you, hows your trading been?? hopefully its been great??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,925
  • Oct 23, 2012 11:47am Oct 23, 2012 11:47am
Quoting fxtyrant
Heres the reason why.....
ill explain....
when you know a trend, the price usually follows it if the trend is valid....

Anyways Here is a Simple picture to teach noobs the BASIC FUNDAMENTAL rule to Trend Trading... THere is a reason why they say the Trend is your friend....

Attachment
Yep, I gotcha

That's the great thing about trading. Many ways and different strokes for different folks.
Ghost Rider - WWTBMD?
  • #327,926
  • Oct 23, 2012 12:00pm Oct 23, 2012 12:00pm
Quoting fxtyrant
And i respect you for that bbaker, but my dream is to become a forex trader at a bank so i have to get used to tradign People's money and the only way that i can think of thats CLOSE to doing that is to have people Choose for themselves if they want to use my signals or not... besides i make comission for ever pip they earned through my signal so hey why the hell not... good beginning for an aspiring banker...

But you have yoru reasons and i respect you, hows your trading been?? hopefully its been great??
OK, I understand your reasoning behind it.

My trading has been great. Slow start to 2012, picked up before the Summer, had a bad June, didn't trade August and it has picked up again since mid September. I risk 0.5% on each trade and I am up 31% for the year so far. The target was 50%, but it doesn't matter if I don't reach it.

My win/loss ratio is just above 57% but my average winner is nearly twice as big as my average loser.

There is still room for improvement but I am happy and content with what I have achieved so far this year. I will set my 2013 yearly and monthly targets at Xmas.

I am also spending less time on here and more time with the family. I have got what I wanted out of FF and just like to pop in from time to time to say hello.

I hope all goes well with your trading and that you achieve your dream of being a prop trader.
  • #327,927
  • Oct 23, 2012 12:03pm Oct 23, 2012 12:03pm
Quoting bbakker
OK, I understand your reasoning behind it.

My trading has been great. Slow start to 2012, picked up before the Summer, had a bad June, didn't trade August and it has picked up again since mid September. I risk 0.5% on each trade and I am up 31% for the year so far. The target was 50%, but it doesn't matter if I don't reach it.

My win/loss ratio is just above 57% but my average winner is nearly twice as big as my average loser.

There is still room for improvement but I am happy and content with what I have achieved so far this year. I will...
Thats nice to hear, maybe one day when i start my own family will i appreciate more time with them, right now im still looking forward to securre my future through studies and hopefully forex would help too.... getting a job in banks Even better...

Otherwise everything is all good, hopefully i can continue to trade this strategy i've studied...
Its nice seeing you around again, and im sorry if i may have been offending you before....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,928
  • Oct 23, 2012 12:10pm Oct 23, 2012 12:10pm
Quoting fxtyrant
Thats nice to hear, maybe one day when i start my own family will i appreciate more time with them, right now im still looking forward to securre my future through studies and hopefully forex would help too.... getting a job in banks Even better...

Otherwise everything is all good, hopefully i can continue to trade this strategy i've studied...
Its nice seeing you around again, and im sorry if i may have been offending you before....
Oh shut up you tart

You've never offended me! You're just young and was a little brash shooting from the hip and falling for the forum troll trap, but hey, we were all young once and I have been there too!

So seriously, you have never offended me so no apologies are required.

Wish you lots of success with your trading!
  • #327,929
  • Oct 23, 2012 12:13pm Oct 23, 2012 12:13pm
Quoting bbakker
OK, I understand your reasoning behind it.

My trading has been great. Slow start to 2012, picked up before the Summer, had a bad June, didn't trade August and it has picked up again since mid September. I risk 0.5% on each trade and I am up 31% for the year so far. The target was 50%, but it doesn't matter if I don't reach it.

My win/loss ratio is just above 57% but my average winner is nearly twice as big as my average loser.

There is still room for improvement but I am happy and content with what I have achieved so far this year. I will...
thats great!!!.im still not thinking in terms of % when i trade always risking ridiculous low amount..something i need to work on..increasing risk
  • #327,930
  • Oct 23, 2012 12:19pm Oct 23, 2012 12:19pm
Quoting nAVIN2007
thats great!!!.im still not thinking in terms of % when i trade always risking ridiculous low amount..something i need to work on..increasing risk
finally!

(ain't paybacks a bitch?)
Ghost Rider - WWTBMD?
  • #327,931
  • Oct 23, 2012 12:24pm Oct 23, 2012 12:24pm
what the fuck is happening? has NY gone asleep
  • #327,932
  • Oct 23, 2012 12:28pm Oct 23, 2012 12:28pm
Quoting Nachiket
what the fuck is happening? has NY gone asleep
DUDE nachiket..... you cant be serious can you?? Today we have a daily range of 109 pips on the GBPUSD, when the 5 day average range is 78, 10 day average range 71, and 30 day average range 81.... i guess, its fair to say the move is over for the day dude.... we've extended the range like hell, surely we are back in consolidation till next session... also i think its Lunch in NY....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,933
  • Oct 23, 2012 12:30pm Oct 23, 2012 12:30pm
Quoting albchr
finally!

(ain't paybacks a bitch?)

chris i have always known this..its not like i havent accepted this..
  • #327,934
  • Oct 23, 2012 12:32pm Oct 23, 2012 12:32pm
Quoting fxtyrant
DUDE nachiket..... you cant be serious can you?? Today we have a daily range of 109 pips on the GBPUSD, when the 5 day average range is 78, 10 day average range 71, and 30 day average range 81.... i guess, its fair to say the move is over for the day dude.... we've extended the range like hell, surely we are back in consolidation till next session... also i think its Lunch in NY....
Now now bro, take it easy on the lad. Everyone starts somewhere and learns along the way.

We'll probably see a little movement around 2 or 3 NY time. But not much me thinks. I posted this in my thread before and I wonder what will happen at 3:00

http://www.forexfactory.com/showthre...08#post6125308
Ghost Rider - WWTBMD?
  • #327,935
  • Oct 23, 2012 12:35pm Oct 23, 2012 12:35pm
Quoting nAVIN2007
chris i have always known this..its not like i havent accepted this..
I know, just like I've always known I see trades on large TF's but shouldn't manage them on small ones. When I said that in my thread, that was your response. So I was busting ya back...

hence...the payback...LOL
Ghost Rider - WWTBMD?
  • #327,936
  • Oct 23, 2012 12:35pm Oct 23, 2012 12:35pm
Quoting albchr
Now now bro, take it easy on the lad. Everyone starts somewhere and learns along the way.

We'll probably see a little movement around 2 or 3 NY time. But not much me thinks. I posted this in my thread before and I wonder what will happen at 3:00

http://www.forexfactory.com/showthre...08#post6125308

You're very right... unless a big news happens in the afternoon session of NY, even a bearish move is only gona test the lows we set today....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,937
  • Oct 23, 2012 12:42pm Oct 23, 2012 12:42pm
Quoting albchr
I know, just like I've always known I see trades on large TF's but shouldn't manage them on small ones. When I said that in my thread, that was your response. So I was busting ya back...

hence...the payback...LOL

but its different we all see..the problem the fear sometimes prevents us from seeing it though..why u think i never place my trades on BE..just this..its about developing myself to a point where i can except the risk completely...we all have different ideas and thoughts..

no worries buddy.. ya swine
  • #327,938
  • Oct 23, 2012 12:47pm Oct 23, 2012 12:47pm
Remember guys, Merv the Swerve King is speaking tonight at 8pm uk time. Last time, the market didnt skip a beat as most people completely ignore him but in case he mentions something other than football, you might want to lock in what you have. Just thought it worth a mention
  • #327,939
  • Edited 12:53pm Oct 23, 2012 12:50pm | Edited 12:53pm
Good day to you,

Purely mechanical entry long. If we hit 1.5960 - I will have confirmation to 1.5980.

SL @ 1.5906

Regards

Oops - sorry - wrong chart - fixed now
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.jpg Size: 71 KB
  • #327,940
  • Oct 23, 2012 12:54pm Oct 23, 2012 12:54pm
Quoting nAVIN2007
but its different we all see..the problem the fear sometimes prevents us from seeing it though..why u think i never place my trades on BE..just this..its about developing myself to a point where i can except the risk completely...we all have different ideas and thoughts..

no worries buddy.. ya swine
Ghost Rider - WWTBMD?
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