Cable Update (GBPUSD)

Quoting nAVIN2007

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{quote} i think theres a good chance buddy u might have missed yur target by 100 pips u need to reevaluate

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Quoting hoom

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{quote} Lovely

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Quoting Nate04

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{quote} Don't sweat it... It really has been awesome to see the humor, the honest caring, and brutal honesty and all at once.

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Quoting HDA

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{quote} @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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Quoting HDA

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{quote} @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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Quoting HDA

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{quote} @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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Quoting Davit

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{quote} 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...

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Quoting nAVIN2007

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{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

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Quoting albchr

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I'd need to see a screen shot of the losses to believe this completely.

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Quoting nAVIN2007

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

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Quoting nAVIN2007

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{quote} u have to be practically about trading is about statistics, u must agree that so far the high (2.00) to the low (1.35) is the the pole and this range ie consolidation(1.35 to 1.69-170) represents a bear flag when put together, statistically a breakout is expected south, yet u are expecting it to go back to 2.00 which means u are basically disregarding basic trading rules and actually trading against the primary trend (if it is what what it is) as a trader working for an institution u really should no better..what are yur thoughts on this?...

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Quoting maximinus

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@ mac daddy junior You are a Bastard

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Quoting nAVIN2007

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{quote} it is a fact..monthly is showing a bear flag formation and a trader generally would look for a signal to sell into the trend but he is looking for 100% retracement of the fall

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Quoting HDA

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{quote} @nAVIN2007: {quote} If as traders we lie about our success in the market - our trading account will tell the truth regardless of what we say. So the more we lie, the worse we will be at trading and we will never get better at it until we change that habit about ourselves. I've been extremely transparent with all of you in this room and henceforth, my trading successes. This is not luck - its the cultivation of the right habits and because of the right habits, consistency is guaranteed. {quote} LETS SEE WHAT HAPPENS Your REAL Friend HDA...

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Quoting maximinus

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{quote} I agree, it will fall, after one more spike, hence HDA will be happy and you'll be also. I called you Bastard, because, I thought that you exited at this point. That's why. Yes I repeat you Bastard.

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Quoting nAVIN2007

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{quote}

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Quoting AlanB

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{quote} The guy with 1000 pips drawdown questioning the knowledge of a guy who is a mere 100 pips off his long term target. This forum

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Quoting albchr

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{quote} There's an easier solution Davit. Put him back on ignore and wait for whatever outcome there is. I don't care what his "trading plan" is. He tugged at my heart strings with BS. Of course I'm the sucker who fell for it but...... The price one pays for having a soft heart.... I know what you're saying though and I agree. Try it with a $150 standard account and let me know how you do. Like you, I counter trade a lot. But it's tough to build multiple positions under those conditions. Still, I'll build it up.

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Quoting nAVIN2007

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{quote} u have to be practically about trading is about statistics, u must agree that so far the high (2.00) to the low (1.35) is the the pole and this range ie consolidation(1.35 to 1.69-170) represents a bear flag when put together, statistically a breakout is expected south, yet u are expecting it to go back to 2.00 which means u are basically disregarding basic trading rules and actually trading against the primary trend (if it is what what it is) as a trader working for an institution u really should no better..what are yur...

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Quoting nAVIN2007

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{quote} words can be cheap..infact if u are indeed trading for an institution and u cant see this is a major resistance level thats quite a concern.. also with regard to Stop loss it meets my reward so there is nothing wrong, one must simply not be attached to his trade..life goes on, I can quite easily hold for an indefinite length of time because i dont actually feel anything. I AM NOT WORN OUT or feel like i have been in the trade for any length of time. This i think is the difference i can also quite easily hold a trade for...

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Quoting maximinus

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{quote} You are the master of winning after mega drawdown. That's not the first time. You have to adress this issue. You love to complicate life, it seems...

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Quoting ill_be_back

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{quote} In this case if the price does not go in your favor, How long before you close in a loss

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