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Cable Update (GBPUSD)

  • #332,201
  • Dec 10, 2012 12:28pm Dec 10, 2012 12:28pm
Quoting fxtyrant
yen still fucking around with me.....!!!! argh.... and BOJ announced further 5-10trln YEN easing next week... i expect a bit of stop hunt on most yen pairs before the shoot up nexxt week... i need a chance to get the fuck out of my trades....
wish you the best
  • #332,202
  • Dec 10, 2012 1:07pm Dec 10, 2012 1:07pm
Quoting _BBKing_
ehheeh
yes let's say a 1%risk on everytrade.... in 100wrong trades account is gone

BB, whats max you risk per trade?

is 5% too much?
  • #332,203
  • Dec 10, 2012 2:16pm Dec 10, 2012 2:16pm
Quoting TauTrader


Regards
Don't Feel too bad for me ..

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  • #332,204
  • Dec 10, 2012 3:46pm Dec 10, 2012 3:46pm
Quoting alex1976
BB, whats max you risk per trade?

is 5% too much?
imo 5% is huge 10 wrong trades and you fuck half. and this could happen in 1 day. last week i had every day at least 3-4 trades.... if something goes bad, in 2 days crashed half or more equity? hell NO!
my entries are about 0.5% risk. i mean: if stop loss is reached (usually 50 to 80 pips max) i lose 0.5% equity. 15-30trades x week. then in case of good confidence i cut some stop loss (move to BE) and add another 0.5%. had a good teacher about this in the recent past. before having these rules, account was never growing. or growth chart was similar to a usdcad h1: up down up down up down but definetely going nowhere.
a standard account (10-20k to 50k) can aim for a 5% in 2 weeks if you have balls.
big accounts.... LOL.

on the other hand... i have no idea about the meaning of R/R rules and how are they respected. maybe this is so obvious to me: if stop loss must be 70pips far, why take the trade if target 40?
will talk about these topics on this friday 10.00gmt btw...
90% of traders use TA, indicators and prediction
  • #332,205
  • Dec 10, 2012 3:48pm Dec 10, 2012 3:48pm
Quoting ZizoFX
Hi BBKing_, Missed your live analysis today. Slept too much. Hope all is going very well.

Regards.


ehehe just joking!
lucky you! waking up today was not easy to me
90% of traders use TA, indicators and prediction
  • #332,206
  • Dec 10, 2012 3:52pm Dec 10, 2012 3:52pm
Quoting taomql4
Don't Feel too bad for me ..

http://www.youtube.com/watch?v=tx7cmSh6viU
well done!
i missed that long today!
90% of traders use TA, indicators and prediction
  • #332,207
  • Dec 10, 2012 4:00pm Dec 10, 2012 4:00pm
Quoting _BBKing_
imo 5% is huge 10 wrong trades and you fuck half. and this could happen in 1 day. last week i had every day at least 3-4 trades.... if something goes bad, in 2 days crashed half or more equity? hell NO!
my entries are about 0.5% risk. i mean: if stop loss is reached (usually 50 to 80 pips max) i lose 0.5% equity. 15-30trades x week. then in case of good confidence i cut some stop loss (move to BE) and add another 0.5%. had a good teacher about this in the recent past. before having these rules, account was never growing. or growth chart was...

ok, cool bro
  • #332,208
  • Dec 10, 2012 5:18pm Dec 10, 2012 5:18pm
Quoting _BBKing_
well done!
i missed that long today!
Thanks BBking - Do you have a Youtube channel ? Sometimes I can't find your Webinars on dukascopytv(they have thousands..).Maybe you can post your updated videos on your own Youtube channel....
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  • #332,209
  • Dec 10, 2012 6:22pm Dec 10, 2012 6:22pm
BUY BUY BUY!!!!!!
  • #332,210
  • Dec 10, 2012 7:06pm Dec 10, 2012 7:06pm
Quoting JTattheRanch
BUY BUY BUY!!!!!!
im a seller.

a pretty convinced/confident seller at that ...
  • #332,211
  • Dec 10, 2012 7:23pm Dec 10, 2012 7:23pm
PO triggered. Revised my PO yesterday before i went to sleep.

It is actually about 50% of the breakout 4h candle. This position is quite high, which is about 30 pips from my initial PO (initial: 6040, revised: 6068 - considered the lowest 6065 plus ~3pips spread), but due to the weakness in the pullback momentum, i'm willing to take higher price, with smaller position size.

All right guys, later y'all.
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  • #332,212
  • Dec 10, 2012 7:27pm Dec 10, 2012 7:27pm
Definitely selling now.

Quoting JTattheRanch
BUY BUY BUY!!!!!!
  • #332,213
  • Dec 10, 2012 7:46pm Dec 10, 2012 7:46pm
Quoting JTattheRanch
BUY BUY BUY!!!!!!
And your rationale?
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #332,214
  • Dec 10, 2012 7:57pm Dec 10, 2012 7:57pm
Quoting _BBKing_
imo 5% is huge 10 wrong trades and you fuck half. and this could happen in 1 day. last week i had every day at least 3-4 trades.... if something goes bad, in 2 days crashed half or more equity? hell NO!
my entries are about 0.5% risk. i mean: if stop loss is reached (usually 50 to 80 pips max) i lose 0.5% equity. 15-30trades x week. then in case of good confidence i cut some stop loss (move to BE) and add another 0.5%. had a good teacher about this in the recent past. before having these rules, account was never growing. or growth chart...
There's another formula that can keep you in the game forever. Not literally but long enough. Key is to be very mechanical and non-emotional. If it's 5%, then make it 5% of the current capital (not the beginning balance). So that even if 50 trades go wrong in a row, it's always like 5% of 95%, then 5% of 90% and so on. It will quite a few trades before you even get to half. cheers.
  • #332,215
  • Dec 10, 2012 8:08pm Dec 10, 2012 8:08pm
Uh oh
Come with me if you want to live....
  • #332,216
  • Dec 10, 2012 8:28pm Dec 10, 2012 8:28pm
starts pointing into 592x/596x this week ??
Quoting Ill-b-back
Uh oh
not euphoria follower
  • #332,217
  • Dec 10, 2012 8:33pm Dec 10, 2012 8:33pm
Quoting iqyu5an
starts pointing into 592x/596x this week ??
If I'm reading things correctly is possible.

I'm hedged, waiting for a double play
Come with me if you want to live....
  • #332,218
  • Dec 10, 2012 8:36pm Dec 10, 2012 8:36pm
Quoting iqyu5an
starts pointing into 592x/596x this week ??
We are in a very tight weekly and monthly spot here brother.

I think 2013 will restore some of the lost volatility when she breaks out
Come with me if you want to live....
  • #332,219
  • Dec 10, 2012 9:46pm Dec 10, 2012 9:46pm
Leg two on the hourly?

Current position: southbound
  • #332,220
  • Dec 10, 2012 10:32pm Dec 10, 2012 10:32pm
Quoting alex1976
Leg two on the hourly?

Current position: southbound
if you don't mind me asking, why is the bearish view mate?
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