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Cable Update (GBPUSD)

  • #361,361
  • Jan 29, 2014 4:35pm Jan 29, 2014 4:35pm
Quoting PoundTrader
{quote} tough call, i still think long is in play till at least to 1.6700 but whp knows she's acting up now
1.6600 is a tough nut to crack...EM crisis, equities selloff, etc not helping either. I guess glass ceiling remains in place
for the foreseeable future.
Hear the music before the song is over ...
  • #361,362
  • Jan 29, 2014 4:48pm Jan 29, 2014 4:48pm
Quoting Davit
{quote} I only compete to myself.I measure % gain to account, pips mean nothing. I will post my performance this month from my 2 live accounts.Feel free to post yours (majority of gains were shorting cable in uptrend) 56 trades total 4 minor losses.Graphs tell the story.. PS putting thumbs down symbol is rude.I just don't get it.Do I sense a jealousy? {image} {image}
Why not just set up a trade explorer?
  • #361,363
  • Jan 29, 2014 4:49pm Jan 29, 2014 4:49pm
Quoting Davit
{quote} I only compete to myself.I measure % gain to account, pips mean nothing. I will post my performance this month from my 2 live accounts.Feel free to post yours (majority of gains were shorting cable in uptrend) 56 trades total 4 minor losses.Graphs tell the story.. PS putting thumbs down symbol is rude.I just don't get it.Do I sense a jealousy? {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 9 KB


very nice Davit, this is my 30 days trade history and has been done mostly shorting GU and shorting Oil at spikes,
have not closed any losing position which right now is about 10% drawdown of my equity in gu but equity has been increased much more % in the last month so not much of a deal.
  • #361,364
  • Jan 29, 2014 4:49pm Jan 29, 2014 4:49pm
Quoting elbert3
{quote} hi it looks from your post your having the same day as me ,my mind set is right but when i have to come away from the pc and look again my mind set is wrong.??????i have posted charts that are great, but for some reason i am not going were i should, i have to much going on and yet last week i had over 300 pips in 2 days, overtrading.???? but i think this is a good time to make profit , i think if i can get into scalps on a 30min time chart that is were i should be , some times you get to close to were you should be . zoom out of your chart...
I hear ya.....it's easy to get distracted if you have to be away from the screen, easy to overlook important detail....
trading larger cycles might be a way to reduce screen time but then one has to sit through swings....
Hear the music before the song is over ...
  • #361,365
  • Jan 29, 2014 4:50pm Jan 29, 2014 4:50pm
Quoting capitulation
{quote} Why not just set up a trade explorer?

I don't feel comfortable placing live accounts on public forum.Forexcube got his account hacked.
In trading, you have to be defensive and aggressive at the same time
  • #361,366
  • Jan 29, 2014 4:52pm Jan 29, 2014 4:52pm
Quoting acidguy
{quote} {image} very nice Davit, this is my 30 days trade history and has been done mostly shorting GU and shorting Oil at spikes, have not closed any losing position which right now is about 10% drawdown of my equity in gu but equity has been increased much more % in the last month so not much of a deal.

Great work.
In trading, you have to be defensive and aggressive at the same time
  • #361,367
  • Jan 29, 2014 4:57pm Jan 29, 2014 4:57pm
Quoting Davit
{quote} I don't feel comfortable placing live accounts on public forum.Forexcube got his account hacked.
Fair enough, thanks for the heads up

If I don't blow up my account I will consider removing it, although I feel really good about my short. I plan on holding to 15X.XX or until it goes to money heaven which is a little over 167.
  • #361,368
  • Jan 29, 2014 5:23pm Jan 29, 2014 5:23pm
Quoting Davit
{quote} I don't feel comfortable placing live accounts on public forum.Forexcube got his account hacked.
But how can he got hacked if the password you provide to your account is the investor password? Even if this password is hacked, it cannot be used to modify your account or access your funds...
  • #361,369
  • Jan 29, 2014 5:26pm Jan 29, 2014 5:26pm
Quoting Davit
{quote} I only compete to myself.I measure % gain to account, pips mean nothing. I will post my performance this month from my 2 live accounts.Feel free to post yours (majority of gains were shorting cable in uptrend) 56 trades total 4 minor losses.Graphs tell the story.. PS putting thumbs down symbol is rude.I just don't get it.Do I sense a jealousy? {image} {image}
you didnt realize i was bullshitting with you
  • #361,370
  • Jan 29, 2014 5:31pm Jan 29, 2014 5:31pm
Quoting GlobalMacro
{quote} 1.6600 is a tough nut to crack...EM crisis, equities selloff, etc not helping either. I guess glass ceiling remains in place for the foreseeable future.
i hear you, sucks when there's not a clear trend like last week, part of forex gotta wait till shit start to move then jump on it
  • #361,371
  • Jan 29, 2014 5:47pm Jan 29, 2014 5:47pm
PoundTrader did you milk anything ??
  • #361,372
  • Jan 29, 2014 6:23pm Jan 29, 2014 6:23pm
Quoting Capelli
PoundTrader did you milk anything ??

Wow Capelli, very impressive your results of Cap5 trade explorer!! Very nice trades, congrats!! I used to do that on paper trading, but I fail to achieve so good results it live
  • #361,373
  • Jan 29, 2014 6:28pm Jan 29, 2014 6:28pm
Quoting Carlicus
{quote} Wow Capelli, very impressive your results of Cap5 trade explorer!! Very nice trades, congrats!! I used to do that on paper trading, but I fail to achieve so good results it live

Thanks a lot Carlicus. I too used to struggle. The main reason was due to greed. I would try to double my account every month by using too much risk. What started with greed ended up with fear and losses. Nowadays, I keep my risk low and can thus make good decision. Im aiming for 15% per month but eventually made better due to the number of opportunity I had. Im aiming for small gain and a longterm profits
  • #361,374
  • Jan 29, 2014 6:34pm Jan 29, 2014 6:34pm
Quoting Capelli
{quote} Thanks a lot Carlicus. I too used to struggle. The main reason was due to greed. I would try to double my account every month by using too much risk. What started with greed ended up with fear and losses. Nowadays, I keep my risk low and can thus make good decision. Im aiming for 15% per month but eventually made better due to the number of opportunity I had. Im aiming for small gain and a longterm profits
Yeah, I totally understand you! On paper trading i was bit by bit, focusing on discipline and good trades. And when I switched to live trading greed, fear and losses appeared. After a couple of bad months I have also reduced my risk and leverage and I'm trying to overcome my mistakes. I wish you keep doing so well!!
  • #361,375
  • Jan 29, 2014 6:50pm Jan 29, 2014 6:50pm
Quoting Capelli
{quote} Thanks a lot Carlicus. I too used to struggle. The main reason was due to greed. I would try to double my account every month by using too much risk. What started with greed ended up with fear and losses. Nowadays, I keep my risk low and can thus make good decision. Im aiming for 15% per month but eventually made better due to the number of opportunity I had. Im aiming for small gain and a longterm profits
15% a month is pretty solid man if you dont have a lot of drawdown and stay consistent
  • #361,376
  • Jan 29, 2014 7:20pm Jan 29, 2014 7:20pm
Quoting PoundTrader
{quote} you didnt realize i was bullshitting with you
Ill cover your pips PT, as long as you don't mind getting back 1cent in the $....
Come with me if you want to live....
  • #361,377
  • Jan 29, 2014 7:48pm Jan 29, 2014 7:48pm
Quoting edindzeko
{quote} 15% a month is pretty solid man if you dont have a lot of drawdown and stay consistent

Thank you. Once you know how to trade well, all you have to do is follow the procedure and leave your emotions away.
  • #361,378
  • Jan 29, 2014 8:41pm Jan 29, 2014 8:41pm
Quoting Capelli
{quote} Thank you. Once you know how to trade well, all you have to do is follow the procedure and leave your emotions away.

Capelli
Good to have you here.We need competent brain storm troopers here
I aim 6%+ a month as my target and whatever I make extra I look at it as getting free following month that in case things go flat.
If you compound even 6% a month for 5yrs you'll hit target that one can quit work and trade full time on pro level.
I worked a spread sheet to get me motivated.You'll read people say one can't have profit targets in trading.Not true,every business has profit targets and trading should be looked upon as a business.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #361,379
  • Jan 29, 2014 9:04pm Jan 29, 2014 9:04pm
Quoting Davit
{quote} Capelli Good to have you here.We need competent brain storm troopers here I aim 6%+ a month as my target and whatever I make extra I look at it as getting free following month that in case things go flat. If you compound even 6% a month for 5yrs you'll hit target that one can quit work and trade full time on pro level. I worked a spread sheet to get me motivated.You'll read people say one can't have profit targets in trading.Not true,every business has profit targets and trading should be looked upon as a business. Regards

6% per month is perfect. Im thinking of going down to 10 or 8% myself. And of course about the targets, its always good to have a target, and if extra opportunity occur, treat them as bonus. To be able to do well one need a plan, and a target comes with a plan anyways.

Please keep us inform about your progress Davit
  • #361,380
  • Jan 29, 2014 9:50pm Jan 29, 2014 9:50pm
Quoting Ill-b-back
{quote} Ill cover your pips PT, as long as you don't mind getting back 1cent in the $....
LOL
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