Forex rebates on every trade - win or lose!

Daisy: Ruddy heck, i failed O'levels maths but got O'level woodwork so you lost me at the first = sign :-). I'm sure someone here went to Uni and did maths.

possible to have gbp/jpy.........can be a luverly mover.........!

goforit. These are the ones in our current feed, I'll look at the pair for you

bought some USD/CHF at 1.0036

Bullie/Doris/Mike: I'll give you a call. (I feel strangely uncomfortable with that Doris moniker . . . )

My mother nearly called me that :S

And before you say anything - she wasn't English.
Well that's the only excuse I can come up with ;)

Oh, 'ello, Choccie. Don't get me wrong, it's alright on a girl. But Mike? As for Daisy, we used to have a Guinea pig called that . . .

Hi Hils
I now MT4 reinstalled and working. Any help you can give me in setting up some indicators would be appreciated. (remember I am a TA novice so think Janet and John) I use the moneyam PM to send you my email address.

Edit
I see yours is not enabled, so I have enabled mine.

Have you still got your dsl pipex a/c, Jeffie? Let me know, otherwise I'll pm you with mine.

Hils
Yes, still the pipex acct

OK, I've just spent my lunchtime rattling you off an email instead of having a swim. Let me know if there's a problem.

Hils
What can I say, I feel guilty now and my beef and coleslaw sarnie just wont taste the same. I can see the email on netmail but cant get to the attachment so will do as you say when I get home. Thanks for your time and I will be in touch.

Wheres Humbug

Right, time to come clean and hopefully this story will be a warning to others out there. Got back to trading a few weeks ago after an enforced break and well, all I can say is since then its been an absolute disaster. Anything and everything is gone wrong for me and its really shaken my confidence in my abilities to trade at all. It all started after I had some severe funding issues to resolve with my property investments (Not sure I can blame my situation on that; maybe it was just coincidence that it all started happening from that point, who knows) Since then Ive just been overtrading, entering trades on a whim, moving stops, cutting profits basically gambling really.

Talk about self sabotage. Ive been trading for years, actively from around 2000/1 when I was lurking on the then advfn BBs and basically full time for about a year and pretty reasonable successfully during this period as well. I see other names I recognise on the Traders Thread from around the advfn time and see that they have matured, developed and are succeeding but Im apparently back to square one.

I have always had a discretionary element to my trading that has been hard to quantify. Over the past couple of months I taught myself how to program Tradestation thinking I could easily come up with an automated strategy to trade the Forex and US Indexes so that all the emotions and discretionary part of my trading would be taken away. The theory - leave it running, check it now and again and just take the money! Not having much success there either. Coming from an IT background the programming part is very, very easy but making money through it, is proving as elusive as ever. Help! Think I need to sit down and revaluate things and stop digging this hole any deeper. Feel a bit better getting this off my chest and posting.

Hopefully others will benefit from this in that no matter how long youve been trading in any capacity the Trading Demons are out to get you if you lower your guard and let them in.

Freemanfox, I know the feeling.

Have made some pretty disastrous trades this last fortnight all caused by greed and not playing by my rules.

This week however I am being vert strict with myself and the trades are starting to come good again.

Hang in there.

Thanks Keaydian,

Thing is, because there has been an element of discretion to my trading previously can I get back to trusting myself and my abilities?

If you trusted them before, why not.

FF
Sorry to hear your news. I think financially its tough for a lot of people outside of trading, rising prices, job cuts etc.

I have always had an element of gambling to my trading and like most gamblers I tend to remember the trades that made lots of money but forget the ones that lost money.

The one thing in my favour is that I have always been able to trade within my means so have never jeapodised my way of life in any way. (not yet)

My current thinking is that I want to work one more year then get myself a narrow boat and cruise the canals. I would need some income so my plan is to have a profit target of 200 a day, large stake, small number of points. When/if I get 200 then turn the PC off for the day. Sounds easy but I doubt it will be.

Anyway, good luck in whatever you do.

FF sorry to hear about your troubles. Bad news is that you seem to have a lot of emotional problems that are buggering up your trading (nothing to do with programming, trading systems, etc). Good news is that you can fix things and get back to trading properly althuogh won't be quick and easy. Try this book:

Emotion Free Trading

Good luck.

Foxie - your story isn't so much a warning to the rest of us but rather confirmation of fellow sentiments. Finding blame is certainly not the answer, as you say, but financial circumstances - and indeed emotional state of mind over any number of things - however much we try to divorce them from the trading psyche, do have an impact.

All I can offer is this: nothing ever remains the same, and in order to keep up we must evolve. We can stop doing something altogether, or we can learn to do it differently. Last summer changed everything for me following heart surgery and all the complications that caused. I trade far less than I used to, and (most of the time), more cautiously, but with consistently far better returns - Brownies' Honour!

By way of an apology to those of you who expressed interest in a Forex seminar thingie, my 'recovery' didn't quite go according to plan since the beginning of the year, so I'm stuck with a cocktail of medication since April, some of which has recently been doubled. I know some of you will resoundingly say I was loopy before - but now ...

Anyway, that has caused me to change tactics again. Until some very nice doctor can sort me out, I currently trade for a couple of hours or so after 5pm, when the market is usually quiet. There are enough pips in it for me, and it's magic :)

If I'm too fuzzy, I don't trade. Either way, I don't worry about it - and that is important.

It is not for anyone else to persuade you of your trading capabilities, Foxie, and I hope you will find your strengths again in short order - and whatever decision they may lead you to.

Sorry to hear of your woes, Foxey.

There's not really anything that I can say that hasn't already been said by others already on this thread. Needless to say, you know where I am if there's anything you need.