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Cable Update (GBPUSD)

  • #39,141
  • Nov 8, 2007 8:51am Nov 8, 2007 8:51am
Quoting Moe
i can see that. there gots to be an end to this uptrend somewhere, boy i would love to catch the top and let it ride the whole year of 2008 and see what happens
moe, how long have you been trading for? im soo tempted to overleverage a little when my short signal comes in!! Does anyone here spreadbet currencies? why dont you do this instead of actually trading the currencies?
  • #39,142
  • Nov 8, 2007 9:01am Nov 8, 2007 9:01am
Quoting sooperthug
moe, how long have you been trading for? im soo tempted to overleverage a little when my short signal comes in!! Does anyone here spreadbet currencies? why dont you do this instead of actually trading the currencies?
5 years, if you know your system then go for it, once you get about 50k then you have to slow down and take little risk because now your trading for a living.
If I Go Broke Trying Then I Will die happy.
  • #39,143
  • Nov 8, 2007 9:02am Nov 8, 2007 9:02am
there are now very limited room for upward movement now...

so tighten u bell. i guess we will soon have a at least 38.1% retrace to 21020 area
  • #39,144
  • Nov 8, 2007 9:05am Nov 8, 2007 9:05am
Quoting Moe
5 years, if you know your system then go for it, once you get about 50k then you have to slow down and take little risk because now your trading for a living.
This is my first year. Would you say this was a hard year compared to your previous 4? I mean, China meltdown in Feb, Subprime crisis, Fed, BOE, ECB moving rates, carry trades gone nuts...The whole package.
  • #39,145
  • Nov 8, 2007 9:10am Nov 8, 2007 9:10am
Quoting cesarnc
This is my first year. Would you say this was a hard year compared to your previous 4? I mean, China meltdown in Feb, Subprime crisis, Fed, BOE, ECB moving rates, carry trades gone nuts...The whole package.
i know for a fact this is the hardest year for some traders, with all the meltdowns you talk about, if i was just starting out i wound't base my system on this year, this is where traders get in trouble thinking there system don't work, you just can't predict this kind of stuff, this is why i say if you know your system and something don't seems right then stay out till things get back to normal.
If I Go Broke Trying Then I Will die happy.
  • #39,146
  • Nov 8, 2007 9:14am Nov 8, 2007 9:14am
Quoting Moe
i know for a fact this is the hardest year for some traders, with all the meltdowns you talk about, if i was just starting out i wound't base my system on this year, this is where traders get in trouble thinking there system don't work, you just can't predict this kind of stuff, this is why i say if you know your system and something don't seems right then stay out till things get back to normal.
That's what I thought. Seems too crazy a year with all the events to be labeled "just another year", imo.
  • #39,147
  • Nov 8, 2007 9:16am Nov 8, 2007 9:16am
Quoting Moe
i know for a fact this is the hardest year for some traders, with all the meltdowns you talk about, if i was just starting out i wound't base my system on this year, this is where traders get in trouble thinking there system don't work, you just can't predict this kind of stuff, this is why i say if you know your system and something don't seems right then stay out till things get back to normal.
It really started going crazy when Bernanke started yapping. 2005 was gravy, then 2006 just turned to pure shizz, I had to work like a slave to master 2006 seriously.
Patience + Humility + Study = Success
  • #39,148
  • Nov 8, 2007 9:21am Nov 8, 2007 9:21am
Quoting DutchTrader
It really started going crazy when Bernanke started yapping. 2005 was gravy, then 2006 just turned to pure shizz, I had to work like a slave to master 2006 seriously.
remeber one thing, you can build a system to stand the test of time. even times like this the simple system do good, your be surprise how the simplest system made good in 2007, traders get in trouble changing there system everyday thinking they can out smart the market, not gonna happen, if you build a solid system you won't have any problem's with times like these, you might loose some but trust me your win more then you loose if you have a solid system. and thats my advice, got's to go, latter guys.
If I Go Broke Trying Then I Will die happy.
  • #39,149
  • Nov 8, 2007 9:24am Nov 8, 2007 9:24am
Dow about to lose 13.2K.
  • #39,150
  • Nov 8, 2007 9:27am Nov 8, 2007 9:27am
Quoting Moe
remeber one thing, you can build a system to stand the test of time. even times like this the simple system do good, your be surprise how the simplest system made good in 2007, traders get in trouble changing there system everyday thinking they can out smart the market, not gonna happen, if you build a solid system you won't have any problem's with times like these, you might loose some but trust me your win more then you loose if you have a solid system. and thats my advice, got's to go, latter guys.
True, I'm a fibo, and pivot points man, mixed in with fundies for times like this. Living here in NYC and being cool with a lot of street guys I also practice mass psychology
Patience + Humility + Study = Success
  • #39,151
  • Nov 8, 2007 9:30am Nov 8, 2007 9:30am
Quoting DutchTrader
True, I'm a fibo, and pivot points man, mixed in with fundies for times like this. Living here in NYC and being cool with a lot of street guys I also practice mass psychology
Gotta practice BSchology in times like this.
  • #39,152
  • Nov 8, 2007 9:30am Nov 8, 2007 9:30am
whats up with cable down 25 pips now back up 25 pips, all within min's.
If I Go Broke Trying Then I Will die happy.
  • #39,153
  • Nov 8, 2007 9:33am Nov 8, 2007 9:33am
oh i forgot london shutting down.
If I Go Broke Trying Then I Will die happy.
  • #39,154
  • Nov 8, 2007 9:36am Nov 8, 2007 9:36am
Quoting Moe
whats up with cable down 25 pips now back up 25 pips, all within min's.
I added to longs here, sorry LOL
  • #39,155
  • Nov 8, 2007 9:36am Nov 8, 2007 9:36am
london rules the forex market, this is the best time to get in a trade, they run this shit just like the u.s.a. runs the stock market.
If I Go Broke Trying Then I Will die happy.
  • #39,156
  • Nov 8, 2007 9:39am Nov 8, 2007 9:39am
Quoting cesarnc
I added to longs here, sorry LOL
lol, more pips for you.
If I Go Broke Trying Then I Will die happy.
  • #39,157
  • Nov 8, 2007 9:41am Nov 8, 2007 9:41am
tommrow's friday what the market gave you it will take it back, so trade with caution.
If I Go Broke Trying Then I Will die happy.
  • #39,158
  • Nov 8, 2007 10:06am Nov 8, 2007 10:06am
Quoting cesarnc
Dow about to lose 13.2K.
40 min later -> Dow about to lose 13.1K LOLL
  • #39,159
  • Nov 8, 2007 10:09am Nov 8, 2007 10:09am
Quoting cesarnc
40 min later -> Dow about to lose 13.1K LOLL
Once that happens the Jpy crosses are going to tank
Patience + Humility + Study = Success
  • #39,160
  • Nov 8, 2007 10:09am Nov 8, 2007 10:09am
Quoting DutchTrader
Once that happens the Jpy crosses are going to tank
done
Trade what you see, not what you think.
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