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Cable Update (GBPUSD)

  • #374,621
  • Apr 30, 2014 3:01pm Apr 30, 2014 3:01pm
Quoting nAVIN2007
{quote} yeah i generally do hold last trade i did was 1.48 to 1.59 long but this market has me guessing i wont lie..if i was day trading id have lost a packet..swing trading is the safer option for me..
Thank You & GL
A good trader follows his rules, but great trader knows when to break them
  • #374,622
  • Apr 30, 2014 3:02pm Apr 30, 2014 3:02pm
Quoting Davit
To NAV I don't care what HDA says with yellow highlights.I think it was wrong pressuring you. You may have just exited from top. Nobody should pressure anyone in trading. Decision is yours and yours only. Regards Don't get illusion internet "friends" as friends....
he is a good test of one strength bro..its all conditioning, if u look at every candle cable prints, then of course it will hurt and u will feel pain somehow we have to find a way to move on with life HDA is a good test of mental strength

I would be very upset with myself if i exited here at 1.69 and i would give up if i exited because in 5 years of trading i wont have learnt a thing
  • #374,623
  • Apr 30, 2014 3:02pm Apr 30, 2014 3:02pm
no good traders will close a whole position of a large loss. only close part of it, use the rest to rinse and repeat
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #374,624
  • Apr 30, 2014 3:02pm Apr 30, 2014 3:02pm
Quoting albchr
{quote} You FOOK!!! I KNEW it and just made a complete fool of myself! CHUMP! ....
  • #374,625
  • Apr 30, 2014 3:04pm Apr 30, 2014 3:04pm
Quoting ffleo
{quote} shit. you cannot fool me either. lol. at least hold part of the positions, and use the rest to rinse and repeat
now lets make this puppy fall b4 i regret not closing
  • #374,626
  • Apr 30, 2014 3:07pm Apr 30, 2014 3:07pm
Quoting Davit
To NAV I don't care what HDA says with yellow highlights.I think it was wrong pressuring you. Nobody should pressure anyone in trading. Decision is yours and yours only. Regards
@Davit:

I said this before and I will say it again

People Learn, What They Choose To Learn, How And When They Choose To Learn

Lets See What Happens

HDA OUT
  • #374,627
  • Apr 30, 2014 3:07pm Apr 30, 2014 3:07pm
Quoting nAVIN2007
{quote}
Sucker!! Still love ya like a brother. CHUMP!
Ghost Rider - WWTBMD?
  • #374,628
  • Apr 30, 2014 3:08pm Apr 30, 2014 3:08pm
Bears just wait little longer Euro is on verge of
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #374,629
  • Apr 30, 2014 3:09pm Apr 30, 2014 3:09pm
Quoting albchr
{quote} Sucker!! Still love ya like a brother. CHUMP!

  • #374,630
  • Apr 30, 2014 3:10pm Apr 30, 2014 3:10pm
Quoting HDA
{quote} @Davit: I said this before and I will say it again People Learn, What They Choose To Learn, How And When They Choose To Learn Lets See What Happens HDA OUT
True
I bet you yourself would of felt shit had Nav took your advise and GU tanks 500pips south
I just think its his trading even if we disagree on methods.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #374,631
  • Apr 30, 2014 3:12pm Apr 30, 2014 3:12pm
Quoting HDA
{quote} @Davit: I said this before and I will say it again People Learn, What They Choose To Learn, How And When They Choose To Learn Lets See What Happens HDA OUT

i think theres a good chance buddy u might have missed yur target by 100 pips u need to reevaluate
  • #374,632
  • Apr 30, 2014 3:17pm Apr 30, 2014 3:17pm
Quoting nAVIN2007
{quote}
Still think the trade was/is idiotic at best though.... lol But hey, I know you have years to wait for it to come back to ya....
Ghost Rider - WWTBMD?
  • #374,633
  • Apr 30, 2014 3:18pm Apr 30, 2014 3:18pm
Quoting nAVIN2007
{quote} now lets make this puppy fall b4 i regret not closing
@nAVIN2007:

You are so evil

Oh Man -

Lets See What Happens

What know right now, is that at this level, that the GBP/USD is trading at now, you are down -4.8K


Quoting GDR3k
{quote} What price was you short from before you closed it?

Quoting nAVIN2007
{quote} 1.5349 it was a hedge against my longs to 1.59..the 2 monthly pins on the monthly confused the hell out me..in the end i choose short as the favored direction long term..big mistake

Quoting nAVIN2007
{quote} after this i need a break from trading..loss is too big and i need to come to terms with it (4.8k)

Lets See What Happens


HDA OUT
  • #374,634
  • Apr 30, 2014 3:20pm Apr 30, 2014 3:20pm
Quoting albchr
{quote} Still think the trade was/is idiotic at best though.... lol But hey, I know you have years to wait for it to come back to ya....
i got time in my account i have at least 3k DD
I simply now need to not add no more..the some bitch needs to retrace eventually..i will then rinse and repeat with a bit of luck
  • #374,635
  • Apr 30, 2014 3:21pm Apr 30, 2014 3:21pm
Quoting HDA
{quote} @nAVIN2007: You are so evil Oh Man - Lets See What Happens What know right now, is that at this level, that the GBP/USD is trading at now, you are down -4.8K {quote} {quote} {quote} Lets See What Happens HDA OUT

yes
  • #374,636
  • Apr 30, 2014 3:22pm Apr 30, 2014 3:22pm
Quoting Davit
{quote} True I bet you yourself would of felt shit had Nav took your advise and GU tanks 500pips south I just think its his trading even if we disagree on methods. Regards
@Davit:

A Man Convinced Against His Will, Is Still Of The Same Opinion

HDA OUT
  • #374,637
  • Apr 30, 2014 3:22pm Apr 30, 2014 3:22pm
Quoting albchr
{quote} Still think the trade was/is idiotic at best though.... lol But hey, I know you have years to wait for it to come back to ya....
There is a solution to this.
Each batch of trades must have max $$ where if reached all trades must be closed as loss.
Say for example $500
Not pips.Pips can vary depending on lot size.Stop must be worked out in dollars.That's it.

from my trading plan

Once things are placed in proper order then taking a loss is not painful because one should be looking at bigger picture
I can lose 3 swings out of 10 (each swing 10-15 trades) and still show massive profit.Once you measure your success as in units 2months each then you don't feel anything about singular trades.
This works in cyclic nature of currency trading
Attached Image (click to enlarge)
Click to Enlarge Name: swing.png Size: 8 KB
In trading, you have to be defensive and aggressive at the same time
  • #374,638
  • Apr 30, 2014 3:22pm Apr 30, 2014 3:22pm
Man, I don't post a lot in this thread, but the past hour or so in this thread has been pure GOLD.
  • #374,639
  • Apr 30, 2014 3:26pm Apr 30, 2014 3:26pm
Quoting Nate04
Man, I don't post a lot in this thread, but the past hour or so in this thread has been pure GOLD.
Lovely
Get Rich or Die Tryin
  • #374,640
  • Apr 30, 2014 3:27pm Apr 30, 2014 3:27pm
Quoting nAVIN2007
{quote} i got time in my account i have at least 3k DD I simply now need to not add no more..the some bitch needs to retrace eventually..i will then rinse and repeat with a bit of luck
@nAVIN2007:

Scenario 1
The 2009 High 1.7043 on the GBP/USD if taken out and we get a daily close above 1.70000 (when that time comes) I will be re-entering LONG again to hold for 1.80000 and then 1.90000 and then 2.0000 - This is what position trading is about.

Scenario 2
If the 2009 High 1.7043 on the GBP/USD if taken out and we get a daily close below 1.70000 (when that time comes) I will be entering short back down to the consolidation area.

LETS SEE WHAT HAPPENS

HDA OUT
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