Cable Update (GBPUSD)

1.9500 is a psychological resistance level, people like to set stops/profits at round numbers as we all know. Wait and see, and set your stops, just for an example, at levels like 1.9493 or 1.9504 depending on direction, just to keep from getting stop hunted by these bastards. Never use a round number. This is war, and the battle's on.

What drives the market is support resistance pivots fibs,price action and news. Numbers are nice they confirm consistencey. What's nice about this is we all can have the same thing. Nobody has to (nor can they) take anybody's money its all the same for everyone. Those who execute are the ones who will be in the money.

hey tiki,
just heard that japan is having a half day. i need to move to japan, 3 and a half days for new years, now that is a party!!!

Yeah I bet Japan is a blast !! But you would have to make double or triple the pips to afford to live there... those $10 Big Macs add up fast !!

Well, all this money has to come from somewhere, unless it grows on trees. This is not touchy-feely B.S. here, it is war. It is a zero-sum game. For me to make $100 means that somebody out there, or a group of somebodies, who were on the other side of my trade lost $100. 10 people may have lost $10, that's neither here nor there, the point being that there's only so much money to go around and all we're doing here is changing money. It's not as complex as a lot of people think it is, it's actually quite simple.

For whatever reason (there are many), Bank X wants to get GBP at price Q. Bank Y wants it at price Z. They wait, fight, or throw money at the market if they can, depending on the magnitude of the deal, to get it at their predefined price. It will usually not be that price, but price V. That's somewhere between price Q and Z. Now add in 2000 banks and 5000 corporations, and you get the idea. Figure out what price is kind of close to price V and pick up their scraps. Voila! Profitable retail trading!

i hate calculus!!!!

Now if you were to try Costa Rica... you can sit under the rain forest in a pool full of thermal waters burning hot from the arenal valcano up at a pool side bar with your lap top and trade GBP all day sipping very cold beers... and live like a king for about $ 50 bucks a day...!!!

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or he is really on something tonight !!! I hope it makes him a lot of pips !!

Right now I am just perfecting
"when to long em and when to short em" Read my tag line I mean it for everyone.

Usually spread for GBP on Oanda at this time of evening is 4 pips... for some reason tonight it is only 3.3 pips... I wonder if that means anything important...?

i think all the markets are drinking sake!!! all the majors are trading within 25 pips since 1700. this sucks. good thing it isn't octoberfest at 1 am!!!

i am going for a nap!! hopefully they will be up in europe and working!! see y'all then!

Duke of Dents,
This market is not a zero sum game kiddo. Do a little reading about real money flows and money supply. And this market is the most complicated market in the world. lol Feeling bulletproof after a profitable trade perhaps?

BTW I am not trying to start a fight with you or attacking you but you shouldn't ramble on about things you don't know. You should be intrigued and excited about your good trade and want to know more about this market. OK?

I like to sip warm beers after a long day of panel-beating and trade the dirty Asians in anticipation of the London open, where I make $$ and hope for a better life in the future. In the meantime, I mitigate my rage...

Also I am not a kiddo and if a government prints more money they increase inflation thus devaluing it. I've been to the University library a few times and I'm not some schmuck James Dick follower...

This is a zero-sum game, for anyone to win someone has to lose. You can be a left coast liberal all you want, but capitalism is war no matter which way you want to play it. If you want to win someone else has to lose.

Some one tell a joke or soemthing !!

To quote my Dad, "Money doesn't grow on trees". I can make this market as simple or as complicated as I want. I like simple. I think I'll gloat over my gains and ride out the free 1 lot short I have out there on Cable, if it stops out I'll profit 30 pips. I'm looking for the next one now, and I may have to wait a little bit, that's fine.

Duke in all sincerety what was you basing your short on. I went short at 9711 then shortly there after I lost internet connection and most all touch with the market. Called my broker put a 32 pip limit on my trade and the rest is history. Never was able to get back on line until I got home after 5pm eastern.

Okay, Tiki.

There are 3 guys at a bar, a Russian, a Tennessean, and a Mexican. The Russian orders a fifth of Vodka, slams it down, throws the bottle in the air, pulls out his pistol, and shoots it on its way down. He turns to the others and says, "In Russia we have a lot of Vodka!"

Next, the Mexican orders a fifth of Tequila. He slams it down, throws the bottle in the air, pulls out his pistol, and shoots it on its way down. He turns to the others and says, "In Mexico we have a lot of Tequila!"

Then the Tennesean orders a fifth of Jack Daniels'. He slams it down, throws the bottle in the air, pulls out his pistol, and shoots the Mexican. He turns to the Russian and says, "In Tennessee we have a lot of Mexicans!"

We're fixin' to fix that...