Forum >> GBPCHF

 yes indeed, another test by fire happening!

Yesterday morning it looked like the latest signals would be a dance in the park, today we had a GBP/CHF hit stop loss.  Nothing boring about the system!

Hold the fort the swiss are doomed! LOL

Yes, the more red numbers are noticable...  The other thing I noticed as well, is that the monthly p/l is still well withing the norm, so maybe times have changed, the system is adapting, there are more losing trades, but even better winners, so in the end, we are still having very handsome profits... If the p/l started going down alot, then I would have more concern, as thats all that really matters, right?

Yah i fall into the "feeeeeling" soap. I have to get out again.
I have demo trading for one month and started real last monday. My demo trading did very vell actely. Stay to the plan and use small stake.
It's just a retrace. Some of the pairs are in a flag pattern on daily.
There is a lot of red numbers in the performance page this year.

 FXtonny, from my experience it is best to do the signals exactly as they are given.  When I joined mid July, I had a lot of 'worry' about the 'system' there was a drawdown of 25% for me. I moaned and expressed my fear/concern and it seemed that all the open signals were contrary to what all the 'gurus' were saying about the direction of the currency pairs.  Then three weeks later it all turned around and a 3000 pip loss/drawdown turned into a 12,000 pip gain.  I don't know how long you've been here, but you might have to go through a test of fire to stay to the system. 

In the last trading days it was looking like we were going to have a much easier time with the signals, I woke up to a $900.00 up on the open positions and now its $1,000 down, but I trust that it will turn around.  There was one guy last month who was tweaking the system and doing 50 pip SL and TP on 100K lots, at the time when the market was going against our positions it looked better then the shape we were in, however in the end he missed out on 8,000 pips of profit or more, and on 100K lots that would be $80,000 plus.

In the end you have to follow the signals as given, no messing around with what your trader mind and emotions are telling you, hold the course and reap the benefit in a day, a week, or maybe a month.  As I have often posted here, where else can you get a great trading system and a course on over coming your fear in one place.?

 FXtonny, from my experience it is best to do the signals exactly as they are given.  When I joined mid July, I had a lot of 'worry' about the 'system' there was a drawdown of 25% for me. I moaned and expressed my fear/concern and it seemed that all the open signals were contrary to what all the 'gurus' were saying about the direction of the currency pairs.  Then three weeks later it all turned around and a 3000 pip loss/drawdown turned into a 12,000 pip gain.  I don't know how long you've been here, but you might have to go through a test of fire to stay to the system. 

In the last trading days it was looking like we were going to have a much easier time with the signals, I woke up to a $900.00 up on the open positions and now its $1,000 down, but I trust that it will turn around.  There was one guy last month who was tweaking the system and doing 50 pip SL and TP on 100K lots, at the time when the market was going against our positions it looked better then the shape we were in, however in the end he missed out on 8,000 pips of profit or more, and on 100K lots that would be $80,000 plus.

In the end you have to follow the signals as given, no messing around with what your trader mind and emotions are telling you, hold the course and reap the benefit in a day, a week, or maybe a month.  As I have often posted here, where else can you get a great trading system and a course on over coming your fear in one place.?

 We always hate the pairs that go against us

The CHF pairs will turn one of this days even if we get hit with some SL's meanwhile. And when that happens we are going to love then!

Just use the money management rules and accept the draw down. I know it is difficult. You must be mentally prepared for a 20% drawdown or even more

Regards

 Not worried ... but I hate CHF pairs :D

 Ah, I hear a song coming on....."Feelings.....nothing more than feeeeelings....."  I leave the rest for Silvertrader to weigh in....

Regards,

AZ

Hi fellow traders. Man whats going on with the GBPCHF?!. I have this feeling this morning close all positions. There is always the possibility to reenter trades. Now almost all profit is gone. Price hits a trend line on almost all pairs. There is alot of news this week it's not safe to trade i feel?