Cable Update (GBPUSD)

Quoting gene22

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Pardon my french, and again exuce me for being blunt, if technicals have nothing to do with forex (short term), long term we have global Fundamentals come into play, than why do we have suport/resistance, trend lines, etc., etc...

Let me be clear, do you enter the market on a whim?! Or do you use some logic behind it? Well the logic is either technical or fundamental, or perhaps both, confluence of factors. The only thing that separates the good traders from the bad is a constant learning and evolution, market changes, if you want to succeed you should as well. Everyone is different but 3 things are constant with everyone who makes money trading. A clear and structured game plan/your path to success, cold head/no emotions and third and foremost your own trading strategy developed and based upon all of the material that is worth reading and studing about this market.
Forex is a zero sum game, if you loose money, someone else makes it, if they make it consistently that means they are simply able to be better than you, make and execute better decisions consistently

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Quoting zamans98

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I use FUNAMENTAL. Period.
p/s : lose, not loose.
p/s2 : please check if you're following what you wrote...

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Quoting gene22

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Pardon my french, and again exuce me for being blunt, if technicals have nothing to do with forex (short term), long term we have global Fundamentals come into play, than why do we have suport/resistance, trend lines, etc., etc...

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Quoting gene22

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continuing with the topic, why did the cable just hit 2.0511, and started falling like a rock, confleince of factors: touched the ema on the 15 min, H3 Murray resistance on the 15 min, previous way high yesterday, it was a good place for a 10 pip scalp, if you knew that like i did you would of made some money, do you see my point?!

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Quoting zamans98

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I use FUNAMENTAL. Period.
p/s : lose, not loose.
p/s2 : please check if you're following what you wrote...

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Quoting Big Wave Rider

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If you use fundementals only then you must be one of those 95 percent losers cause look at fundementals and now look at some charts. Do they match. HELL NO.

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Quoting gene22

Disliked

Pardon my french, and again exuce me for being blunt, if technicals have nothing to do with forex (short term), long term we have global Fundamentals come into play, than why do we have suport/resistance, trend lines, etc., etc...

Let me be clear, do you enter the market on a whim?! Or do you use some logic behind it? Well the logic is either technical or fundamental, or perhaps both, confluence of factors. The only thing that separates the good traders from the bad is a constant learning and evolution, market changes, if you want to succeed you should as well. Everyone is different but 3 things are constant with everyone who makes money trading. A clear and structured game plan/your path to success, cold head/no emotions and third and foremost your own trading strategy developed and based upon all of the material that is worth reading and studing about this market.
Forex is a zero sum game, if you loose money, someone else makes it, if they make it consistently that means they are simply able to be better than you, make and execute better decisions consistently

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Quoting zamans98

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Another clown? Lately seeing a lot newbie drop by and giving advice.

LOL, first at all, what you mean by "technically'?

Technical have nothing to do with FOREX, as it is purely based on speculation.

You can have all sort of charts, showing it SHOULD go here or there, but in the end it is ALWAYS not TRUE.

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Quoting gene22

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Well in that case you should be buying the cable right?!, Oh wait cot report shows that the big boys are at an all time high shorting this thing for the past 4 weeks, HMMMMMMMMMMMMMMMMMMMMMM, they are the ones that run the market we are simply trying to follow, ohhhhhhhhhh but wait again, fundamental you say, all of the major countries have been diversifing out of dollar and some of it goes to BP, BUY, BUY, BUY, wich fundamentals do you use?!!!!!!!!!!!, Whats your time frame to hold a position 6 months?!, One year, 2, 3?
Do you get what I'm saying?

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Quoting FXexpat

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I try to stay away from this sort of thing and the majority nonsense dished out here - BUT - for a female avatar (what is that by the way? some sort of Monica Geller look with a squaw pigtail?) you consistently talk a lot of bo**ox.

Technicals and price action are the only way for retail traders to make money at FX. The trend, pullbacks, pulling the trigger and percentage trades with a sensible stop loss strategy WORKS - period.

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Quoting karmostaji

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USD on viagra

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Quoting zamans98

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read properly, its FUN-A-MENTAL : means MIND GAMES! not fundamental (fundamental is dead)

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Quoting gene22

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Well in that case you should be buying the cable right?!, Oh wait cot report shows that the big boys are at an all time high shorting this thing for the past 4 weeks, HMMMMMMMMMMMMMMMMMMMMMM, they are the ones that run the market we are simply trying to follow, ohhhhhhhhhh but wait again, fundamental you say, all of the major countries have been diversifing out of dollar and some of it goes to BP, BUY, BUY, BUY, wich fundamentals do you use?!!!!!!!!!!!, Whats your time frame to hold a position 6 months?!, One year, 2, 3?
Do you get what I'm saying?

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Quoting benssol

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WW III

technical Vs Fundamental

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