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magic is back!

  • Post #1
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  • First Post: Jun 6, 2007 1:52pm Jun 6, 2007 1:52pm
  •  magicfx
  • | Joined Jul 2006 | Status: Senior Trader | 149 Posts
Hi All,

for those who do not know me and for those who cant remember i am the guy who told you all this is where we will be $2 £, and here we are.

Been out for a while developing luxury villas in the carribean, still some work to do, but all is well - if your interested in making money, i will sell you a dream, cause thats what i do - investors paradise is the moto

ok here is what i do, trade, invest, and make money

i am waiting for a buy on eur/usd - gbp/usd - gonna do it at the next 5 pip dip

why?

for the interest rate descision - if you cant make 50 pips between now and tomorrow night, then shame on you, if your not interested then more fool you!
  • Post #2
  • Quote
  • Jun 6, 2007 2:11pm Jun 6, 2007 2:11pm
  •  mohsen57
  • | Joined Jul 2006 | Status: Addicted to GBP | 253 Posts
how you can make sure it will go up ? the interest rate expectation is no change, so it could even set gbp to lower, if there was a hike expectation i would be agree with you but here is different and tomorrow interest rate is set to unchanged, can you please explain more , i maybe wrong, thanks
 
 
  • Post #3
  • Quote
  • Jun 6, 2007 2:39pm Jun 6, 2007 2:39pm
  •  KudzuFX
  • | Joined Jul 2006 | Status: Member | 547 Posts
Unless there might be some world crisis, I am planning for gbp/usd to go south to around 9870.
 
 
  • Post #4
  • Quote
  • Jun 6, 2007 3:24pm Jun 6, 2007 3:24pm
  •  tiku
  • | Joined May 2007 | Status: Member | 105 Posts
Quoting KudzuFX
Disliked
Unless there might be some world crisis, I am planning for gbp/usd to go south to around 9870.
Ignored
Yup. Me too. More short than long in my opinion. Magic, why do you reckon on a positive surprise tomorrow?
always expect the unexpected!
 
 
  • Post #5
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  • Jun 6, 2007 4:06pm Jun 6, 2007 4:06pm
  •  revoke
  • | Joined Dec 2006 | Status: Member | 112 Posts
magiqfx im with ya as soon im in upper range i take half profit volatility is back just look at kiwi and gold, rate decision or not G8 can spoil shortterm moves thats the also the risk for know, as far i have read in news is that jpy has been discused

revoke
 
 
  • Post #6
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  • Jun 7, 2007 12:58am Jun 7, 2007 12:58am
  •  4x_Trader
  • Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 632 Posts
Quoting mohsen57
Disliked
how you can make sure it will go up ? the interest rate expectation is no change, so it could even set gbp to lower, if there was a hike expectation i would be agree with you but here is different and tomorrow interest rate is set to unchanged, can you please explain more , i maybe wrong, thanks
Ignored
I think the answer is bear in his name!
 
 
  • Post #7
  • Quote
  • Edited 7:14am Jun 7, 2007 6:28am | Edited 7:14am
  •  mniemiec
  • | Joined Aug 2006 | Status: MIR | 82 Posts
Hey magic what happened to your 50
MIR
 
 
  • Post #8
  • Quote
  • Jun 7, 2007 11:21am Jun 7, 2007 11:21am
  •  KudzuFX
  • | Joined Jul 2006 | Status: Member | 547 Posts
As I mentioned earlier.
Conditions were most probably indicating that cable would down at the BoE interest rate event.
I shorted before the news for a gain of 34 pips after the news.

Look at where is it has gone now. Awesome! down and down
 
 
  • Post #9
  • Quote
  • Jun 7, 2007 1:11pm Jun 7, 2007 1:11pm
  •  willf
  • | Joined May 2006 | Status: Yipppppppeeeeee ! | 847 Posts
Well I shorted last night for a nice round figure of 150 pips. It bounced of the previous days resistance nicely.
Attached Image
 
 
  • Post #10
  • Quote
  • Jun 7, 2007 1:38pm Jun 7, 2007 1:38pm
  •  mbqb11
  • | Commercial Member | Joined Aug 2006 | 12,004 Posts
This thread should be stickied. I remember seeing so many people reading this thread( a lot of names I didn't recognize), and was saying, man I hope these people don't read this stuff and trade it(with a real account).

Threads like this pop up quite often. Is it a big deal the guy was wrong? No, hopefully he didn't unload his account on some prediction. And it was just another trade for him(although his ego may be a bit dented).

The main thing to realize is following someone else's advice is suicide. Unless you take every single one of their trades, in the end, is not worth it.

I am not trying to mock the author of this thread, even though he was trying to mock anyone who didn't take a long.

Just hoping new people don't fall into this type of trap.

Best,
Mike
 
 
  • Post #11
  • Quote
  • Jun 7, 2007 3:25pm Jun 7, 2007 3:25pm
  •  Dexis
  • | Joined Nov 2006 | Status: Member | 345 Posts
Maybe he meant buy USD/EUR
typing errors pops out quite recently these days
 
 
  • Post #12
  • Quote
  • Last Post: Jun 7, 2007 4:10pm Jun 7, 2007 4:10pm
  •  billbss
  • Joined Apr 2006 | Status: Member | 4,301 Posts
Quoting magicfx
Disliked
Hi All,


ok here is what i do, trade, invest, and make money

i am waiting for a buy on eur/usd - gbp/usd - gonna do it at the next 5 pip dip
Ignored
I suspect you also trade, invest and lose money.
 
 
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