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Cable Update (GBPUSD)

  • #16,561
  • Jun 29, 2007 8:58pm Jun 29, 2007 8:58pm
Cesar,

Some just haven't got the memo, the one that said if the market is going up day after day and week after week, don't look for a top. Wait at least for the market to turn before going short. And don't add to a losing position too.

O que quer que será seja



Sun

PS got translation online so don't hit me with some portuguese lingo back. Apologies if it isn't correct.
  • #16,562
  • Jun 29, 2007 9:35pm Jun 29, 2007 9:35pm
Pino2! Thanks for being honest.
Quoting pino2
Keys for next week are 1.9992 and 2.0164
If 1.9992 is broken, it will be the key for going short, and if 2.0164 is broken, it will be the key for going long

If 1.9992 is broken so cable won't go up till the end of the week, and if 2.0164 is broken cable won't go down this week

Keys for Monday are 2.0037 and 2.0119
If 2.0037 is broken, it will be the key for going short, and if 2.0119 is broken, it will be the key for going long

As I mentioned that 2.0063 was the key for the cable to go up if broken, and it was broken and it opened the door for the cable to go up

I closed the 2 remaining short trades, one @ BE and the second -9 pips
This was a horrible week for me since I changed my strategy completely, which made some people here talked to me as if I'm a newbie, well all of us and I repeat it again ALL OF US can win and lose, and I have the courage to post my loss here as I post my winning trades, which many here don't post except their winning trades only and they never mention their loss, as if they never lose, I made very good profit in forex, and at the same time I lost money as well, this is life and no one can win all the time, I'm trading since years and I'm still learning till now, and I'll keep on learning, and will try to share anything usefull here with others rather than acting as if I know everything and that I never lose and laugh at people who lose, this is not acceptable at all, and I won't do such childish things since I respect all people here.

I'll stick back to my old strategy, and I'll do my best to help people here with anything usefull in a respected way without showing off like some other do,
I also want to thank cesarnc and bravado for all the indirect help they gave to me here, and to all the traders who help others without showing off
  • #16,563
  • Jun 29, 2007 9:37pm Jun 29, 2007 9:37pm
Quoting pino2
Keys for next week are 1.9992 and 2.0164
If 1.9992 is broken, it will be the key for going short, and if 2.0164 is broken, it will be the key for going long

If 1.9992 is broken so cable won't go up till the end of the week, and if 2.0164 is broken cable won't go down this week

Keys for Monday are 2.0037 and 2.0119
If 2.0037 is broken, it will be the key for going short, and if 2.0119 is broken, it will be the key for going long

As I mentioned that 2.0063 was the key for the cable to go up if broken, and it was broken and it opened the door for the cable to go up

I closed the 2 remaining short trades, one @ BE and the second -9 pips
This was a horrible week for me since I changed my strategy completely, which made some people here talked to me as if I'm a newbie, well all of us and I repeat it again ALL OF US can win and lose, and I have the courage to post my loss here as I post my winning trades, which many here don't post except their winning trades only and they never mention their loss, as if they never lose, I made very good profit in forex, and at the same time I lost money as well, this is life and no one can win all the time, I'm trading since years and I'm still learning till now, and I'll keep on learning, and will try to share anything usefull here with others rather than acting as if I know everything and that I never lose and laugh at people who lose, this is not acceptable at all, and I won't do such childish things since I respect all people here.

I'll stick back to my old strategy, and I'll do my best to help people here with anything usefull in a respected way without showing off like some other do,
I also want to thank cesarnc and bravado for all the indirect help they gave to me here, and to all the traders who help others without showing off
well said.. everyone win and loss.. but you are good cos you post both your wininng and losses.
  • #16,564
  • Jun 30, 2007 6:02am Jun 30, 2007 6:02am
Attached Image
  • #16,565
  • Jun 30, 2007 6:24am Jun 30, 2007 6:24am
hmmm I decided to stay long
  • #16,566
  • Jun 30, 2007 6:26am Jun 30, 2007 6:26am
Quoting cesarnc
your graphic skill is improving very fast !
  • #16,567
  • Jun 30, 2007 6:49am Jun 30, 2007 6:49am
Quoting pino2
Keys for next week are 1.9992 and 2.0164
If 1.9992 is broken, it will be the key for going short, and if 2.0164 is broken, it will be the key for going long

If 1.9992 is broken so cable won't go up till the end of the week, and if 2.0164 is broken cable won't go down this week

Keys for Monday are 2.0037 and 2.0119
If 2.0037 is broken, it will be the key for going short, and if 2.0119 is broken, it will be the key for going long

As I mentioned that 2.0063 was the key for the cable to go up if broken, and it was broken and it opened the door for the cable to go up

I closed the 2 remaining short trades, one @ BE and the second -9 pips
This was a horrible week for me since I changed my strategy completely, which made some people here talked to me as if I'm a newbie, well all of us and I repeat it again ALL OF US can win and lose, and I have the courage to post my loss here as I post my winning trades, which many here don't post except their winning trades only and they never mention their loss, as if they never lose, I made very good profit in forex, and at the same time I lost money as well, this is life and no one can win all the time, I'm trading since years and I'm still learning till now, and I'll keep on learning, and will try to share anything usefull here with others rather than acting as if I know everything and that I never lose and laugh at people who lose, this is not acceptable at all, and I won't do such childish things since I respect all people here.

I'll stick back to my old strategy, and I'll do my best to help people here with anything usefull in a respected way without showing off like some other do,
I also want to thank cesarnc and bravado for all the indirect help they gave to me here, and to all the traders who help others without showing off
I vote for you - you sound an ok dude... If all the experts were as good as they are cocky, then they would be away spending it. All this whoo- hoo and 'it's like taking candy from a baby' is just fantasy - they probably just pocketed the first 10 pips of the week and will lose it in an hours time..

In the real world we slog on and try to let go of the balloon when it's 10 feet up and not 10 thousand - but it's hard when we we think we know it will come back down in just a few minutes...
  • #16,568
  • Jun 30, 2007 8:09am Jun 30, 2007 8:09am
I apologize if I personally sounded like an ass on my previous comment on pino2's post. I didnt mean it so sorry about that mate.

HOWEVER, you guys must understand that while it's good to be honest and post your losses and stuff, it achieves NOTHING if you are not ready to analyze the reasons as of why those trades went sour. Many of you fellows are shorting a VERY strong uptrend and that does simply not work in the long run. You might score a winner once, twice, three times, etc, but in the long term scope it just doesnt work, and you WILL lose your account. I am simply trying to point that to you guys: instead of stubbornly trying to muscle your opinion into the markets and keep entering short positions in this uptrending scenario (with a number of stoploss being hit along the way), you must be flexible enough to understand when you're simply in the wrong side of the market and stop searching for shorts.

At least for the time being, this beast has continuously been making higher highs day after day after day. Please take the advice given here by others perhaps more experienced traders and stop trying to trade counter-trend. Do the opposite, trade trend-riding, and you WILL see that it's much easier and more profitable!!

I hope you folks take this advice, because it's a GOOD advice. It's ultimately up to you. I wish you all safe trading.
  • #16,569
  • Jun 30, 2007 8:31am Jun 30, 2007 8:31am
so guys from "shorting & co"... take a look again at the daily chart and give me just one single reason for your short trades, i think i'd like to see what is it because i can't come up with anything.
Nihil Sine Deo.
  • #16,570
  • Jun 30, 2007 8:31am Jun 30, 2007 8:31am
Quoting free4440273
that IS sound, solid advice - unlike bravado and/or ceresaenccc (they suggested we buy crispy creme donuts i think!). well done sir for the good, honest advice! Sometimes, it's impossible to have a sensible debate on this forum

Cesar and Bravado are keeping the subject light. I don't think either one of them are thinking other traders should follow their exact trade plans. Nobody should do as some other anonymous traders does.

Pivots and other such "guideposts" are very popular. But there are many here posting EXACT (to the pip) numbers and that "I am going long or short there."

The 2 trillion dollar currency market just doesn't care. Cable/Euro/etc is going to turn where it is going to turn. But until it turns the trend will continue.

It is not that hard to understand.
  • #16,571
  • Jun 30, 2007 8:37am Jun 30, 2007 8:37am
Quoting SunTrader
Cesar and Bravado are keeping the subject light. I don't think either one of them are thinking other traders should follow their exact trade plans. Nobody should do as some other anonymous traders does.

Pivots and other such "guideposts" are very popular. But there are many here posting EXACT (to the pip) numbers and that "I am going long or short there."

The 2 trillion dollar currency market just doesn't care. Cable/Euro/etc is going to turn where it is going to turn. But until it turns the trend will continue.

It is not that hard to understand.
...so who gives one iota what profits/losses anyone has made? in the bigger schemes of things, it's just trivial.
  • #16,572
  • Jun 30, 2007 8:41am Jun 30, 2007 8:41am
Not pointing fingers at anyone in particular. But I think some are trying to win back money they lost on previous short trades by looking for new points to go short. Still under the belief "that this can't go any higher" and "it has to turn down soon or at least retrace some".

While this is true, it will go down at some point they are still looking to call the top and "know" where it is even though most others don't.

Been there done that. Almost all of us have at one time or another.

But trying to get money back or worse, revenge trading is a loser 99.9% of the time. That 99.9% number is not scientifically researched but you get my point. I hope.
  • #16,573
  • Jun 30, 2007 8:44am Jun 30, 2007 8:44am
Quoting free4440273
...so who gives one iota what profits/losses anyone has made? in the bigger schemes of things, it's just trivial.
In plain language since it is allowed here:

What the fuck are you talking or more importantly what the fuck are you doing on this thread, since Cesar and Bravado are the two biggest posters and they seem to bother you.

Find somewhere else to show your
  • #16,574
  • Jun 30, 2007 8:46am Jun 30, 2007 8:46am
It's ok WTB, I already forgot it, and thank you for your advise and kindness
  • #16,575
  • Jun 30, 2007 8:54am Jun 30, 2007 8:54am
Quoting WTB
I apologize if I personally sounded like an ass on my previous comment on pino2's post. I didnt mean it so sorry about that mate.

HOWEVER, you guys must understand that while it's good to be honest and post your losses and stuff, it achieves NOTHING if you are not ready to analyze the reasons as of why those trades went sour. Many of you fellows are shorting a VERY strong uptrend and that does simply not work in the long run. You might score a winner once, twice, three times, etc, but in the long term scope it just doesnt work, and you WILL lose your account. I am simply trying to point that to you guys: instead of stubbornly trying to muscle your opinion into the markets and keep entering short positions in this uptrending scenario (with a number of stoploss being hit along the way), you must be flexible enough to understand when you're simply in the wrong side of the market and stop searching for shorts.

At least for the time being, this beast has continuously been making higher highs day after day after day. Please take the advice given here by others perhaps more experienced traders and stop trying to trade counter-trend. Do the opposite, trade trend-riding, and you WILL see that it's much easier and more profitable!!

I hope you folks take this advice, because it's a GOOD advice. It's ultimately up to you. I wish you all safe trading.
That is great advice WTB, I know I learned my lesson for this week...

Not to try an create a beginning of a trend because I'm just a small portion of this "BIG" Forex world.....
  • #16,576
  • Jun 30, 2007 8:57am Jun 30, 2007 8:57am
Quoting SunTrader
Not pointing fingers at anyone in particular. But I think some are trying to win back money they lost on previous short trades by looking for new points to go short. Still under the belief "that this can't go any higher" and "it has to turn down soon or at least retrace some".

While this is true, it will go down at some point they are still looking to call the top and "know" where it is even though most others don't.

Been there done that. Almost all of us have at one time or another.

But trying to get money back or worse, revenge trading is a loser 99.9% of the time. That 99.9% number is not scientifically researched but you get my point. I hope.
...as i say, in the overall scheme of things it makes no difference to me.
  • #16,577
  • Jun 30, 2007 9:05am Jun 30, 2007 9:05am
1- This is a forum for exchange of ideas, well, I guess.

2- I usually posts my view, why I think so and at what levels this view is denied. plain and simple.

3- I simply LOVE when somebody posts something exactly the opposite, shows me why and convince me.

4- I posted like 10 posts here asking free to share his views. He didn't do so.

5- And it was ME who first waved the red flag yesterday, at 5:48 am EST in this post:
Quote
Nasty! Nasty ugly false breakout shaping up in USDCHF. If confirmed, Mr. Greenback will be leaving the building heading the respirator
After that, we saw the dollar being smashed like an unwelcome cockroach. HOW NONSENSICAL WAS THAT POST, FREE444?

I don't try to convince anybody of anything. I post my view and like other people's comments.

Quote
yeah, that's right - provide a single reason and get your post quashed by the likes of bravado/cerseeenc with nonsensical posts which make absolutely no sense. bravado can't even write English! no thanks, won't fall for that one
I'd rather post my nonsensical views than play the laugh bag here, shorting cable at 0055 (poped to 0065). Shorting cable 0065 (poped to 0075). Shorting Cable at 0075 (poped to 0085). And in the end of the day, shorted cable at 0085.

Sorry free444, but your Monday will be all about begging for breakeven.
  • #16,578
  • Jun 30, 2007 9:09am Jun 30, 2007 9:09am
Quoting free4440273
...as i say, in the overall scheme of things it makes no difference to me.
It makes no difference to me whether you take the quoted message to heart or not. And for that matter whether anyone else here does, I said my 2 cents and as I said it was not directed at any one trader in particular.

And as far as I care, they can be my guest in still trying to call a market turn. If I happen to be on the other side side of the market (you know, in the direction of the trend, where the most profit is to be made) then I will be a happy camper. Or maybe a happy twat but definitely profitable. But you don't care about profits, now do you.

Thats why you will celebrate shortly your one month of being here on FF but probably won't be around for your second.
  • #16,579
  • Jun 30, 2007 9:12am Jun 30, 2007 9:12am


Quick get the straight jacket on him. And double up the meds.
  • #16,580
  • Jun 30, 2007 9:15am Jun 30, 2007 9:15am
While I dont agree with Cesar and Bravado nonsense-spree, posting silly pictures left and right without adding anything substantial to the thread, I do agree with Cesar here in that there is NO point at all to post something like "short cable 1.9980. It's coming dooooown". If you post an entry, how about posting a chart with the reasons behind such decision? by doing that, we can discuss the validity of such trade and stuff, so the thread can move forward in the right direction.
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