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Cable Update (GBPUSD)

  • #353,401
  • Nov 18, 2013 6:56am Nov 18, 2013 6:56am
Quoting giveachance
{quote} be careful with your excessive leveraged positions and take partial profits. aussie can turn anytime

thank you
I often posted about excessive leverage myself. My orders are not leveraged.
In trading, you have to be defensive and aggressive at the same time
  • #353,402
  • Nov 18, 2013 6:58am Nov 18, 2013 6:58am
Quoting Davit
{quote} thank you I often posted about excessive leverage myself. My orders are not leveraged.

having said that congrats on the profit you made. gbp/aud will turn not bcoz of gbp but bcoz of the unpredicatable aussie and no matter how high it goes when it gets slammed it gets slammed horribly
  • #353,403
  • Nov 18, 2013 7:00am Nov 18, 2013 7:00am
Quoting giveachance
{quote} having said that congrats on the profit you made. gbp/aud will turn not bcoz of gbp but bcoz of the unpredicatable aussie and no matter how high it goes when it gets slammed it gets slammed horribly

Thanks for the trading tips I will add it to my journal

"Trading is unpredictable" Got it! Thanks!
In trading, you have to be defensive and aggressive at the same time
  • #353,404
  • Nov 18, 2013 7:03am Nov 18, 2013 7:03am
Quoting Davit
{quote} Thanks for the trading tips I will add it to my journal "Trading is unpredictable" Got it! Thanks!

I have read in one of your posts that you took a 400 pip loss on aussie. so advise you to be careful
  • #353,405
  • Nov 18, 2013 7:08am Nov 18, 2013 7:08am
Quoting giveachance
{quote} I have read in one of your posts that you took a 400 pip loss on aussie. so advise you to be careful

Do me a huge favor and stop responding to my posts!specially about unwanted advices!
Added you to my ignore list.
In trading, you have to be defensive and aggressive at the same time
  • #353,406
  • Nov 18, 2013 7:15am Nov 18, 2013 7:15am
Quoting Davit
{quote} Do me a huge favor and stop responding to my posts!specially about unwanted advices! Added you to my ignore list.

I am adding you as well. than you very much.
  • #353,407
  • Nov 18, 2013 7:16am Nov 18, 2013 7:16am
Toys out the pram or what....
  • #353,408
  • Nov 18, 2013 7:18am Nov 18, 2013 7:18am
Quoting giveachance
{quote} I have read in one of your posts that you took a 400 pip loss on aussie. so advise you to be careful
I think you mean well..

But all involved - please do not comment on another trader's entry. Entering a trade is probably the most stressful time. There were reasons for a trader entering that trade. I hope.

Advising - although probably in good faith - is not on.

One has no right to comment.

Let it be. We all answer to ourselves.

Regards
  • #353,409
  • Nov 18, 2013 7:29am Nov 18, 2013 7:29am
please comment
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfm2.png Size: 68 KB
  • #353,410
  • Nov 18, 2013 7:29am Nov 18, 2013 7:29am
Quoting TauTrader
{quote} I think you mean well.. But all involved - please do not comment on another trader's entry. Entering a trade is probably the most stressful time. There were reasons for a trader entering that trade. I hope. Advising - although probably in good faith - is not on. One has no right to comment. Let it be. We all answer to ourselves. Regards

I was trying discreetly to tell him to mind his own business but he didn't get it.
For someone not following your journal,trades and not knowing the person and arrogantly rather intruding manner telling about my loss is rude.
I am glad I took the loss at least I took it at 1.012 instead of at .88 more then made up going long later on.
My trading style is unique and I work at it diligently.I just don't appreciate arrogant remarks from a rookie.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #353,411
  • Nov 18, 2013 7:32am Nov 18, 2013 7:32am
Quoting Davit
{quote} I was trying discreetly to tell him to mind his own business but he didn't get it. For someone not following your journal,trades and not knowing the person and arrogantly rather intruding manner telling about my loss is rude. I am glad I took the loss at least I took it at 1.012 instead of at .88 more then made up going long later on. My trading style is unique and I work at it diligently.I just don't appreciate arrogant remarks from a rookie. Regards
arrogance at its peak. how do you define person as a rookie. the fact that you took 400 pip loss tells who is a rookie.
  • #353,412
  • Nov 18, 2013 7:40am Nov 18, 2013 7:40am
Quoting Davit
Update GA shorts +136pips all still alive Posting to show the power of BB 2nd and 3rd Standard deviation with RSI 30/70 Price most likely to reverse inside orange 2nd BB and 3rd BB black on daily {image} {image}
hello davit i also use double bollinger bands . which time frame do you prefer for trading with double BB
  • #353,413
  • Nov 18, 2013 7:40am Nov 18, 2013 7:40am
Quoting giveachance
{quote} be careful with your excessive leveraged positions and take partial profits. aussie can turn anytime

how long have u been trading?
  • #353,414
  • Nov 18, 2013 7:41am Nov 18, 2013 7:41am
Quoting giveachance
{quote} arrogance at its peak. how do you define person as a rookie. the fact that you took 400 pip loss tells who is a rookie.
Incorrect, the best trades I've ever had were ones that I've cut. Why? Because I learned what I did wrong and had the emotional ability to do so, to regroup and regain the losses made after a hard road. That is what defines a good trader not one that makes 10 pips here 20 pips here and loses 40 pips. Thats a rookie
  • #353,415
  • Nov 18, 2013 7:47am Nov 18, 2013 7:47am
Quoting Davit
{quote} I was trying discreetly to tell him to mind his own business but he didn't get it. For someone not following your journal,trades and not knowing the person and arrogantly rather intruding manner telling about my loss is rude. I am glad I took the loss at least I took it at 1.012 instead of at .88 more then made up going long later on. My trading style is unique and I work at it diligently.I just don't appreciate arrogant remarks from a rookie. Regards
Sir, D

You are right in expecting personal space and respect of your entries. That is fair.

But - posters could be well versed in the markets also. One cannot make assumptions.

I was asking for mutual respect.

Nothing more. Nothing less.

In actual fact - it has got nothing to do with me either..

Wish you well

Regards
  • #353,416
  • Nov 18, 2013 7:51am Nov 18, 2013 7:51am
Quoting Davit
Update GA shorts +136pips all still alive Posting to show the power of BB 2nd and 3rd Standard deviation with RSI 30/70 Price most likely to reverse inside orange 2nd BB and 3rd BB black on daily {image} {image}

http://i1116.photobucket.com/albums/...pse35bcb70.jpg

I am bearish too. But, I know nuts, this pair has "killed" me several times.
The true fact is market doesn't care, risk mgt is important.
  • #353,417
  • Nov 18, 2013 7:57am Nov 18, 2013 7:57am
Quoting RodMca
{quote} Incorrect, the best trades I've ever had were ones that I've cut. Why? Because I learned what I did wrong and had the emotional ability to do so, to regroup and regain the losses made after a hard road. That is what defines a good trader not one that makes 10 pips here 20 pips here and loses 40 pips. Thats a rookie

if anything davit is a good trader..u think it is easy to cut a 400 pip loss?
it shows the mind set of some folks
  • #353,418
  • Nov 18, 2013 8:05am Nov 18, 2013 8:05am
Quoting nAVIN2007
{quote} if anything davit is a good trader..u think it is easy to cut a 400 pip loss? it shows the mind set of some folks
Most certainly not, but the ability to take it on the chin and get out shows one thing, a good trader
  • #353,419
  • Nov 18, 2013 8:09am Nov 18, 2013 8:09am
Ok everyone - clearly folks on here not happy with each others comments today - but does anyone think its worrying that on the back of positive US data Cable is going up.
  • #353,420
  • Nov 18, 2013 8:11am Nov 18, 2013 8:11am
Quoting RodMca
{quote} Most certainly not, but the ability to take it on the chin and get out shows one thing, a good trader

cutting 400 pips is harder to cut, than cutting 25 pips because the loss is bigger i would have thought this is obvious..in davit case not only did he cut the loss but his trading continued..he took it on the chin and carried on

but the point i wanted to make is:- taking 400 pips hit for most traders is not even a option...its becomes all or nothing trade
so in no way does it reflect he is a bad trader imho
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