Also the major trend is still down....
.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Dislikedwhy do people like going short when the market is going UP!! these are the gamblers!!Ignored
Dislikedwell it is all a gamble anyway isn't it. and I believe this is the beginning of wave "B" a correction of the the last move down. And you are correct sir the market is changing and going long. But we also need a minor retracement to form a wave 2 for a wave 3 up to complete wave "B" . So the 735 to 750 range is a nice short and tp at the 38.2 and 50 fib levels. This is a 2:1 risk. So how is it a gamble and before the move up I beleive we were looking short.Ignored
Dislikedif you think its all a gamble. instead, go the hard rock and "trade" there!Ignored
Disliked"Educated guess", "gambling" is that I hear all day from the non-educated outsiders and non-traders. Are you from there?Ignored
DislikedI have been trading for 5 years sir. How long have u been trading. I use a combination of different methods. I try to respect everyones opinion. New or old. Age has no bearing on education or knowledge. I scalp and do mid term trades so what is wrong with grabbing a fast 20 to 30 pips a day on top of an extra 100 to 200 pips with a mid term trade.Ignored
Dislikednothing just that you should be satisfied with the 100-200 pips and not be greedy! and as a seasoned trader, you should know better, shouldn't you??
your actions speak louder than your words sir!Ignored
DislikedI have been trading for 5 years sir. How long have u been trading. I use a combination of different methods. I try to respect everyones opinion. New or old. Age has no bearing on education or knowledge. I scalp and do mid term trades so what is wrong with grabbing a fast 20 to 30 pips a day on top of an extra 100 to 200 pips with a mid term trade.Ignored
DislikedI respect your opinion anyway. I have been trading for a long time. Stared when I was 14 now I am 35 and I work as an analyst. IMHO gambling, casino style, has nothing to do with trading. The odds are on our side if the psychology and other factors are right. But this is my opinion. Let us leave this there.Ignored
Dislikedif u ask me its more risky to place a trade and just leave it..the trend can reverse at every major support/resistance....surely its a bigger gamble? since retracements can more than 50 pips +Ignored
Dislikeddefinetely....hence why im short right now...i notice whatever the london and US market achieve the asian market seem to wanna undo.....lol
so now i do the reverseIgnored
Dislikedah so the weekly bullish has not formed as yet, but look at the previous bars, they are bearish, but get smaller as time passes, it makes it only obvious to follow that pattern of the weekly getting smaller and smaller until the first bullish bar forms. which will be in two days from now......Ignored
DislikedNow I know that the US is in the mire but usd is seeing strength... I am long and have been for 2 days and am going to ride it back up...
watch the fundamentals bud foxIgnored