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Cable Update (GBPUSD)

  • #374,701
  • Apr 30, 2014 5:04pm Apr 30, 2014 5:04pm
Quoting hoom
{quote} @HDA: No problem I am selling my bently in two weeks , I will send you a PM with my account statement and the open trade . I am eager to know the result . lets see what happens but when it happens let's not pretend that we have seen that coming .
@hoom:

Hence the book, The Four Agreements written by Miguel Ruiz

This book is about self-development and cultivating a specific value system in your life. The essence of the book is simply this, "however you are as a person, transfers in your trading".

If we can honor the four agreements as set out in the book, the habits and values that emanate, will transfer in your trading.

Rule #2: YOU MUST NEVER HAVE THE NEED TO BE ACCEPTED
Rule #3: YOU MUST NEVER TAKE ANYTHING PERSONAL



HDA OUT
  • #374,702
  • Apr 30, 2014 5:06pm Apr 30, 2014 5:06pm
Quoting elbert3
{quote} you dont need it i am changing your name to HDATMWTBBS LOL REGARDS
@elbert3:

HDA
TMWT - The Man With The ??
BBS - ???



HDA OUT
  • #374,703
  • Apr 30, 2014 5:06pm Apr 30, 2014 5:06pm
Quoting albchr
{quote} I'm afraid HDA, a lot of folks are just not going to get this. They will ask "what if" questions until the cows come home. The only way to answer a "what if" question is with a "what if" answer. So my answer would be, WHAT IF I entered long/short, and WHAT IF price tells me I'm wrong, then I simply cut the trade ASAP. But it's hard for a lot of folks to envision that you'd "likely" not enter the wrong direction because the "Facts" you have "beforehand" wouldn't lead you that way the vast majority of times to begin with.
?????? same as last night,, are you on the vino,,or is it because i am,??lol i will have to read that post in the morning lol regards E ,,,PS OUT
  • #374,704
  • Apr 30, 2014 5:09pm Apr 30, 2014 5:09pm
Quoting HDA
{quote} @elbert3: HDA TMWT - The Man With The ?? BBS - ??? HDA OUT
big bucks lol sorry on the vino ,,the spelling is terrible did you know i was dicklicksick,, and my mother is a policeman ???
  • #374,705
  • Apr 30, 2014 5:11pm Apr 30, 2014 5:11pm
Quoting HDA
{quote} @hoom: Hence the book, The Four Agreements written by Miguel Ruiz This book is about self-development and cultivating a specific value system in your life. The essence of the book is simply this, "however you are as a person, transfers in your trading". If we can honor the four agreements as set out in the book, the habits and values that emanate, will transfer in your trading. Rule #2: YOU MUST NEVER HAVE THE NEED TO BE ACCEPTED Rule #3: YOU MUST NEVER TAKE ANYTHING PERSONAL HDA OUT
rule 4,, never pull your shorts down when traders are looking ???
  • #374,706
  • Apr 30, 2014 5:14pm Apr 30, 2014 5:14pm
Quoting elbert3
{quote} ?????? same as last night,, are you on the vino,,or is it because i am,??lol i will have to read that post in the morning lol regards E ,,,PS OUT
Elbert, I don't drink. Perhaps you shouldn't either??
Ghost Rider - WWTBMD?
  • #374,707
  • Apr 30, 2014 5:14pm Apr 30, 2014 5:14pm
Quoting albchr
{quote} I'm afraid HDA, a lot of folks are just not going to get this. They will ask "what if" questions until the cows come home. The only way to answer a "what if" question is with a "what if" answer. So my answer would be, WHAT IF I entered long/short, and WHAT IF price tells me I'm wrong, then I simply cut the trade ASAP. But it's hard for a lot of folks to envision that you'd "likely" not enter the wrong direction because the "Facts" you have "beforehand" wouldn't lead you that way the vast majority of times to...

I just wanted to know this "ASAP" in terms of pips
Close at 100, 200, 500, 1000 pips in red

Thanks
A good trader follows his rules, but great trader knows when to break them
  • #374,708
  • Apr 30, 2014 5:16pm Apr 30, 2014 5:16pm
pp on the last short plus 10 pips 6877,,
  • #374,709
  • Apr 30, 2014 5:16pm Apr 30, 2014 5:16pm
I,m short from here till 1.6350 target of rising wedge
  • #374,710
  • Apr 30, 2014 5:16pm Apr 30, 2014 5:16pm
Quoting PipLand
{quote} I have had 'institutional accounts' as you call them with various brokers, MFglobal, Fortis then Abn amro, Deutsche. Never had any advantages apart from negotiable charges and more complex statements which are quite annoying if you dont have a back end system in place. So you expert guidance on the benefits of these accounts would be very helpful to me, thanks.
@PipLand:

expert guidance???

Are you saying I am an expert??? I don't recall claiming to be an expert



HDA OUT
  • #374,711
  • Apr 30, 2014 5:19pm Apr 30, 2014 5:19pm
Quoting HDA
{quote} @hoom: Hence the book, The Four Agreements written by Miguel Ruiz This book is about self-development and cultivating a specific value system in your life. The essence of the book is simply this, "however you are as a person, transfers in your trading". If we can honor the four agreements as set out in the book, the habits and values that emanate, will transfer in your trading. Rule #2: YOU MUST NEVER HAVE THE NEED TO BE ACCEPTED Rule #3: YOU MUST NEVER TAKE ANYTHING PERSONAL HDA OUT
you must Add Rule#5 It is never personal on the internet.
Rule#6: seeking attention on FF is using colors and highlited sentences
Get Rich or Die Tryin
  • #374,712
  • Apr 30, 2014 5:22pm Apr 30, 2014 5:22pm
Quoting HDA
{quote} @PipLand: expert guidance??? Are you saying I am an expert??? I don't recall claiming to be an expert HDA OUT
If you dont wish for me to bestow such accolades on you then your mediocre guidance would suffice. Thanks
  • #374,713
  • Apr 30, 2014 5:23pm Apr 30, 2014 5:23pm
Quoting elbert3
{quote} YOUR BENTLEY ?? from expereance you will be losing in a month the same as navin in 1000 pips ??gl
From my experience , facing a loss is the first step to win . always winning is a sign of luck no more. as for a 100k account I dont think that its suited for a FX spot trading as I am likely to enjoy the challenge of making 10k to 50k than 100k to 150K
Get Rich or Die Tryin
  • #374,714
  • Apr 30, 2014 5:25pm Apr 30, 2014 5:25pm
Quoting albchr
{quote} Elbert, I don't drink. Perhaps you shouldn't either??
come on now albchr,,, how do you live,, maybe you should start lol regards 1 short safe 3 in the red but but the acc is fine winning trade today was gold losing gb eur pulled 3 shorts loss covered by last nights trade and in the morning i will be only 2 shorts in the red??? thats me for the night go to bed ,positive ..gentlemen i bid you good night regards E
  • #374,715
  • Apr 30, 2014 5:25pm Apr 30, 2014 5:25pm
Quoting PipLand
{quote} I have had 'institutional accounts' as you call them with various brokers, MFglobal, Fortis then Abn amro, Deutsche. Never had any advantages apart from negotiable charges and more complex statements which are quite annoying if you dont have a back end system in place. So you expert guidance on the benefits of these accounts would be very helpful to me, thanks.

@PipLand:

expert guidance???

Are you saying I am an expert??? I don't recall claiming to be an expert

PipLand, You have stated that you have had so many institutional accounts and of having the opportunity to trade them, if you have not found any advantages that suites you, it does not mean, one will not still open an institutional account regards of another traders perception

Every broker has its advantages and disadvantages, it is for the trader to make the best decision when choosing one



HDA OUT
  • #374,716
  • Apr 30, 2014 5:33pm Apr 30, 2014 5:33pm
Quoting hoom
{quote} From my experience , facing a loss is the first step to win . always winning is a sign of luck no more. as for a 100k account I dont think that its suited for a FX spot trading as I am likely to enjoy the challenge of making 10k to 50k than 100k to 150K
??
I wish you luck,but you need to change your status .??? writing words like ,,life is unfair,,tells me that you are having problems ??no?? i would write ,,,life is great love life.. respectfully wrote regards E bentleys ??? stick to merc, loss is less ..
  • #374,717
  • Apr 30, 2014 5:34pm Apr 30, 2014 5:34pm
Quoting HDA
{quote} @PipLand: expert guidance??? Are you saying I am an expert??? I don't recall claiming to be an expert PipLand, You have stated that you have had so many institutional accounts and of having the opportunity to trade them, if you have not found any advantages that suites you, it does not mean, one will not still open an institutional account regards of another traders perception Every broker has its advantages and disadvantages, it is for the trader to make the best decision when choosing one HDA OUT
HDA, an institutional account is for an institution, and a personal account is for an individual. You can have either at most organisations i have dealt with in the past and no disadvantages of the personal account that I was aware of.

If you have an institution you can achieve cheaper rates by pooling all your traders trades together, but that wouldnt help an indivdual person.
  • #374,718
  • Apr 30, 2014 5:41pm Apr 30, 2014 5:41pm
Quoting ill_be_back
{quote} I just wanted to know this "ASAP" in terms of pips Close at 100, 200, 500, 1000 pips in red Thanks
That would depend entirely on "when" the facts of price told me I was wrong.

For instance, let's turn the "what if" around to you. Let's say you have a position, long or short. Let's say you have set a 100 pip stop loss. It then runs 30, then 40 then 50 pips against you and the "facts" of PA say it will keep going. Would you sit there and watch it hit your 100 pip stop loss? Or would you close it at the 30, 40 or 50 based on the "facts" you have?

You may be surprised how many would simply sit and watch it hit the 100 pip loss.

I can use a "small" but I think accurate example of my own short trade on GU today. I took the short at 6891. The "facts" I had at the time were..
1) It's a counter trend trade intended to scalp a few pips. 30 max
2) It was at an SR level I have watched for some time and the round number of 6900.
3) It was after a long run up, at the close of London and lunchtime for NY so the "chances" of any hard further run were low.
4) FOMC was right the corner at 2:00pm EST NY so I was concerned of possible sudden spikes.

Given these "facts" I chose to close the trade with a 14.4 pip gain. I continued to watch PA after the FOMC to see if price would tell me it was safe to reenter short or better to go long. There was very little movement (no follow through south or north) so those facts told me no. I remain flat until more facts are available to decide my next move keeping in mind this is a strong uptrend so I would "first" look for buys.

We have to let "Price" tell us what the market IS doing. Those facts should govern our decisions. To set an arbitrary "spot" to make a move regardless of what's happening is, in my humble opinion, just silly.
Ghost Rider - WWTBMD?
  • #374,719
  • Apr 30, 2014 5:44pm Apr 30, 2014 5:44pm
Quoting hoom
{quote} you must Add Rule#5 It is never personal on the internet. Rule#6: seeking attention on FF is using colors and highlited sentences
@hoom:

Please see previous post, yesterday, Tuesday, April 29, 2014
http://www.forexfactory.com/showthre...06#post7435306

Here is part of the post:

@smikester:

I have never posted a chart since I have been with FF since 2008. Colours, Caps is my trade mark. We all have something that makes us unique. You are also unique in your own way.




HDA OUT
  • #374,720
  • Apr 30, 2014 5:48pm Apr 30, 2014 5:48pm
Quoting elbert3
{quote}?? I wish you luck,but you need to change your status .??? writing words like ,,life is unfair,,tells me that you are having problems ??no?? i would write ,,,life is great love life.. respectfully wrote regards E bentleys ??? stick to merc, loss is less ..
My status is in any case related to my financial life comfort , I wrote it in a period where a family member passed away , I enjoy life as much as possible , money isn't everything but having what you need or much than you need could always help in a way or another that's why I trade in the first place . By the way , I have a class c 2012 model and an A4 RS . Bently is only for formal meetings . I want an aston martin vanquish
Get Rich or Die Tryin
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