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Cable Update (GBPUSD)

  • #26,341
  • Aug 22, 2007 8:36pm Aug 22, 2007 8:36pm
CHARLOTTE, N.C., Aug. 22 (UPI) -- Bank of America Corp. has agreed to buy $2 billion of stock in embattled U.S. mortgage giant Countrywide Financial Corp., a published report said Wednesday.
  • #26,342
  • Aug 22, 2007 8:37pm Aug 22, 2007 8:37pm
hohoho...
the fozzy style bounced back....
i love this....the stoch never lies.....
remember my post?
i enter at 1.9878? my stop loss is exactly my sell order....dont put stop loss because it is confirm loss. put sell stop on your target stop loss at let it trail. G/U going up and down like hell but it gives us money

up g/u up............go go go...

Quoting bohogirl
Cable 1.9955... and I'm still bored.

So bored, in fact, that I resorted to downloading bad 80s music on my 'for trading only' laptop. And I mean bad 80s music.
I also downloaded Margaritaville - I think that's rock bottom.
So, please, Cable, do something fun. Enough of this 'oh, I hit 23 fib, I better go down...' or 'oh, my xyz is overbought/oversold'... come on, surprise me!
  • #26,343
  • Aug 22, 2007 8:37pm Aug 22, 2007 8:37pm
Quoting bravado
omg. no one even asks me how many pips i have made or tells me how greatest the bestest i am. turtle came close but he basically said mets game is more important then me. bravado.

i have feelings too!
How many pips have you made, oh greatest bestest of them all?
Cable is my sugardaddy
  • #26,344
  • Aug 22, 2007 8:38pm Aug 22, 2007 8:38pm
Quoting bravado
you seriously believe no one can make over 10% a year.
No, it wasn't what I said. But I am leaving it at that. Warper and myself are not communicating on a level where we both understand each other.
  • #26,345
  • Aug 22, 2007 8:39pm Aug 22, 2007 8:39pm
Quoting SunTrader
No, it wasn't what I said. But I am leaving it at that. Warper and myself are not communicating on a level where we both understand each other.
oh ok.
BAM BAM BOOM! -bravado
  • #26,346
  • Aug 22, 2007 8:44pm Aug 22, 2007 8:44pm
Quoting bohogirl
How many pips have you made, oh greatest bestest of them all?
spiffy amount.

ok just came to say WAZZZZZZZZZZZZZUP!
and to see what was going on on the thread.



got some *IMPORTANT* things to do atm.

stay cautious. we are only about a week away from that last unwind.
stay in the moment.
BAM BAM BOOM! -bravado
  • #26,347
  • Aug 22, 2007 9:00pm Aug 22, 2007 9:00pm
so far so good, lets see how the london morning treats our positions. I'll sit tight n alert.
Hello World!
  • #26,348
  • Aug 22, 2007 9:04pm Aug 22, 2007 9:04pm
wow wow wowo wwowowowoooowoo

the euro range looks so tight, apparently its in no mood to give anything to scalpers, usually this is the best time(US session ending) for scalpers to make money.
Hello World!
  • #26,349
  • Aug 22, 2007 9:30pm Aug 22, 2007 9:30pm
I was a thinking the 5m chart might be forming a S/H/S pattern. Pop over last high would negate this thought.

http://img484.imageshack.us/img484/7375/gbpusd1jw8.png
Check Mate GAME OVER
  • #26,350
  • Aug 22, 2007 9:33pm Aug 22, 2007 9:33pm
Quoting bunton
I was a thinking the 5m chart might be forming a S/H/S pattern. Pop over last high would negate this thought.

http://img484.imageshack.us/img484/7375/gbpusd1jw8.png
'

gbp/jpy and eur/jpy doing the exact same thing. 1.9960 is resistance. although im still long...
  • #26,351
  • Aug 22, 2007 9:36pm Aug 22, 2007 9:36pm
I missed the entire move.. Just something to keep an eye on I think, but it is a 5 min chart..
Check Mate GAME OVER
  • #26,352
  • Aug 22, 2007 9:40pm Aug 22, 2007 9:40pm
hi all..
just wake up and see my tp's hit...
hmmm... what a day to start.... i hope everyday will go the same....
cable please fill up my pocket ....

To be or not to be, that's the question
  • #26,353
  • Aug 22, 2007 10:09pm Aug 22, 2007 10:09pm
Quoting SunTrader
No, it wasn't what I said.

ok i apologize... is this it???.... The subject is the same... Forex = Low return.....

Quoting SunTrader
10% yearly although not impossible either is pretty darn good.
July 2nd 2007 10:43pm EST

Quoting SunTrader
If anyone reads Futures magazine it shows some of the best traders averaging something like 20/30% for any particular year and most of the top positions on their list change year to year..... Trading is a not an alternative to hitting the Lottery.
September 2nd 2006 10:14pm EST



Response of one of those James Trading gurus... (the guys that also run hedge funds and trading schools and FF and whatever)

Quoting mbqb11
lol nice another pro trader that knows everything...


10% a month(on avg) is more then doable...and if i was only making 10% a year I would not be wasting my time trading my own account.
Who should i listen to?


Quoting SunTrader
Warper and myself are not communicating on a level where we both understand each other.
I'm sorry about that. Believe me, the tone of my writing or what i feel when i write, is not in anykind offensive. I can assure you.

Unfortunally with everything that i see everyday on forex, and the time keeps passing by... I'm just not ready to say, "hey you we're right, forex is only really avaiable for multi zillion dollar traders"

I'm sorry. I don't have anykind of proof that make me change my mind.

You don't trade like me. You don't trade the same ammount. You don't trade short term.

You trade every pair like a carry trade... It's not wrong... In fact its easy and almost riskless money, but riskless money comes with low return. Everybody in the world knows that.

I just don't get it, why and how do you speculate about short term traders return, if it's not your main way of trading.

Anyway... explain me this.

Why does the big economies in the world make 3 percent year at max in the best time of their economy cycles. They pass to 1-2 in bad times.... and emerging markets are averaging 10%.

Hard one to respond huh...

And what about this....

Today i lost 2%... Now imagining that i have 2:1 R:R... and i make 150 trades per year. Do you have any idea of how much times i have to lose....

But imagine if i have 1:1 RR.... After 150 or 200 trades.... 10% means that the difference of being a loser/bad trader or making 10% is a "couple" of trades that i won instead of lose.

With that kind of trading, making 10% or losing 10% after 200 trades is a matter of luck since we are talking about a very few difference between a negative win/lose ratio and a positive one.



I hope you understand someday...! You might be a great trader i don't doubt that...... but mathematics and short term trading are certainly not for you.

I give you that... you trade well... but don't judge what you don't know.
  • #26,354
  • Aug 22, 2007 10:20pm Aug 22, 2007 10:20pm
Hei.. Warper.. no need to dig up the battle axe of war again. Suntrader already leave it as it. IMHO it might be best to do the same for u. And focus back on the trading and the jokes. Its so much more fun to go with jokes rather than this kind of argument. Just my opinion. Dont want to involve in something like this. Peace...
  • #26,355
  • Aug 22, 2007 10:21pm Aug 22, 2007 10:21pm
He still doesn't get it. So I just sent him a short but sweet PM and now have added him to my ignore list. Funny thing until now have never used that feature before.
  • #26,356
  • Aug 22, 2007 10:23pm Aug 22, 2007 10:23pm
Quote
10% a month(on avg) is more then doable...and if i was only making 10% a year I would not be wasting my time trading my own account.

hey bro,

I got a serious advise for you, I'm from India and let me tell ya that banks here return 10% PA (2 yr) on fixed deposits AND for 6 months its slightly lesser of course.

If you are not happy with this, you might wana invest in MFs, they return anywhere 30 - 80 - 100% every year, not bad and you are safe with economy growing at 9% PA, one of the fastest in the world.

I wonder why you even trade and put your money at risk ?

If one is not making 50 - 100% PA year after year off the FX, I would suggest such guys to invest in financial markets(tiger economies) like Singapore, India, China, Thailand etc. etc.

AND THEN retire, and enjoy your life with your family, do charity OR whatever productive ways you think can help the world.

FX can be a pain if you are not good, then why spend your time on it and risk your money when you can make hell more safely ?
Hello World!
  • #26,357
  • Aug 22, 2007 10:25pm Aug 22, 2007 10:25pm
Quoting dd33
Hei.. Warper.. no need to dig up the battle axe of war again. Suntrader already leave it as it. IMHO it might be best to do the same for u. And focus back on the trading and the jokes. Its so much more fun to go with jokes rather than this kind of argument. Just my opinion. Dont want to involve in something like this. Peace...
Of course...! Look.... i just gave an awnser to a liar...

Bravado asked him...

The guy said it didn't said anything.

Now that he is seeing that his yearly targets are very wierd for everyone... he sends a PM with not pretty words.

Thats fine lol. Why should i care...

I apologize from my part....



ClockTrader... Thanks for your insight!
  • #26,358
  • Aug 22, 2007 10:29pm Aug 22, 2007 10:29pm
I think its enough discussion about how much u should make per year out of forex. Everyone has their own trading style.. and if they are satisfied with that. SO BE IT!!!
Im much more concern with the fact that we are 30 mins to go from cesarnc --> (becoming) lubianca . Cable hasnt touch his "call" until now.
  • #26,359
  • Aug 22, 2007 11:21pm Aug 22, 2007 11:21pm
Quoting bohogirl
How many pips have you made..?
obscene amount.

great thread, forum.
my weekend begins NOW. it will be a long one.

Attached Image
BAM BAM BOOM! -bravado
  • #26,360
  • Aug 22, 2007 11:26pm Aug 22, 2007 11:26pm
also, i've been getting 2 or 3 PM's on my trading methods.

this is my reply:

i do anothing out of the ordinary.
i use channels, trend lines, sometimes fibs, MACD's, some candle stick patterns.

there are informations on these everywhere.

know that what works for me may not work for you.

know that,
it is good to listen to or read what other successful traders have to say.

but also know THIS:
the BEST mentor you can have is YOURSELF.

and the best tool you can have is trading ITSELF.

just trade. and keep trading.
BAM BAM BOOM! -bravado
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