had a long from 1.4870 took profit at 1.5159. Best of all while sleep
Cable Update (GBPUSD)
- #337,042
- Mar 15, 2013 5:56am Mar 15, 2013 5:56am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #337,043
- Mar 15, 2013 6:04am Mar 15, 2013 6:04am
- | Commercial User | Joined May 2012 | 3,285 Posts
U are not showing u are good trader, nobody cares if u are self confident after 10 successfull wins..what they see is a defense for being wrong..it is ok to be wrong especially after 10 straight wins..words of clarity for u..u aint fooling no one
analysis speaks volumes..thats what people like to see, not according to me calculation?..
many pips to u
First of all, none of us will always be right with our trade assessments, but we don't need to in order to be profitable in this business. Think about a professional baseball player, they get paid millions of dollars to strike out 7 out of 10 times!
What about if you're at a casino and you win 3 out of 4 games? That is only a 75% win rate but think about how quick your money will start to build up! The problem is, we are taught to always be right (think about school...) but in actuality, one could become very rich with only a "C Average" in the FOREX business.
Bottom Line: We don't need to be right all the time in order to be successful!
Just something for everybody to keep in mind.
- #337,044
- Mar 15, 2013 6:20am Mar 15, 2013 6:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hope you don't mind me elaborating on this a little more. I posted the following in another thread a few hours ago.
First of all, none of us will always be right with our trade assessments, but we don't need to in order to be profitable in this business. Think about a professional baseball player, they get paid millions of dollars to strike out 7 out of 10 times!
What about if you're at a casino and you win 3 out of 4 games? That is only a 75% win rate but think about how quick your money will start to build up! The problem is, we are...
U are not showing u are good trader, nobody cares if u are self confident after 10 successfull wins..what they see is a defense for being wrong..it is ok to be wrong especially after 10 straight wins..words of clarity for u..u aint fooling no one
analysis speaks volumes..thats what people like to see, not according to me calculation?..
many pips to u
- #337,046
- Mar 15, 2013 6:31am Mar 15, 2013 6:31am
- | Commercial User | Joined May 2012 | 3,285 Posts
exactly!! actually u hit the very point..i wanted to make..a seasoned trader would realise this i would imagine, yet he seems upset and is justifying why it was a bad trade..thank u for elaborating..
- #337,047
- Mar 15, 2013 6:38am Mar 15, 2013 6:38am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #337,049
- Mar 15, 2013 7:00am Mar 15, 2013 7:00am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I rarely look higher than the daily so thanks for pointing that out.
If it breaks I will probably be closing those shorts off and entering some longs to the next zone.
US news at 12:30pm GMT, based on some observations certain pieces of news are often shortly followed by price resuming its move up/down or turning around if near a certain price point.
when u learn to read the higher time frames..u wont even look at the small ones..the bigger the time aspect the more simplified the whole process becomes..im about to get ready for work..trade well
I know what your saying though, the higher the time frame the less time you have to spend looking at everything, the bigger the price movement and the other reasons there are.
- #337,053
- Mar 15, 2013 8:40am Mar 15, 2013 8:40am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #337,054
- Mar 15, 2013 9:19am Mar 15, 2013 9:19am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #337,056
- Mar 15, 2013 9:32am Mar 15, 2013 9:32am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
- #337,058
- Mar 15, 2013 9:42am Mar 15, 2013 9:42am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #337,059
- Mar 15, 2013 9:43am Mar 15, 2013 9:43am
don't married a trade and pamper it further for too long next time, control your damage more early, and find a new partner maybe she can bear your more children, then the trade that only drain your pocket.
