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Cable Update (GBPUSD)

  • #45,981
  • Dec 19, 2007 2:58am Dec 19, 2007 2:58am
Quoting forexguru
did I tell that I was burnt? I did not cause I put my stop loss very high after I saw cable gone crazy.. but I guess thousands of traders got burnt.. I tend to think globally not only thinking about myself....

just thought that you were admitting, you were one of those thousands.
  • #45,982
  • Dec 19, 2007 2:59am Dec 19, 2007 2:59am
Quoting AmeriTrini
yes sir. i like the way you think!!
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Forex Trading ---> https://t.me/fxdarius
  • #45,983
  • Dec 19, 2007 3:00am Dec 19, 2007 3:00am
Quoting AmeriTrini
just thought that you were admitting, you were one of those thousands.
admiting? he he.. no I did not got burnt, do not worry about me, I had 11 short lots profit about 25 pips per lot... but I wanted today about 80 pips per lot.. in that means yes, I was burnt out of my profits.. are you happy with the answer now?
  • #45,984
  • Dec 19, 2007 3:01am Dec 19, 2007 3:01am
Quoting pips_boy
mr. forexguru needs to learn a bit about economics.
  • #45,985
  • Dec 19, 2007 3:01am Dec 19, 2007 3:01am
Thanks pip_boy,

i really appreciate it.
does this imply tha i place my take profit at that 1.98 cause im a osition trader and would let the trade run through the day.

Thanks once again.
"Forex is like a bitch every trader must marry one"
  • #45,986
  • Dec 19, 2007 3:04am Dec 19, 2007 3:04am
Quoting AmeriTrini
mr. forexguru needs to learn a bit about economics.
ok, I go now now to study economics
  • #45,987
  • Dec 19, 2007 3:04am Dec 19, 2007 3:04am
Quoting don_tgomez
Thanks pip_boy,

i really appreciate it.
does this imply tha i place my take profit at that 1.98 cause im a osition trader and would let the trade run through the day.

Thanks once again.
daily chart
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  • #45,988
  • Dec 19, 2007 3:09am Dec 19, 2007 3:09am
Quoting forexguru
all the rest of us just hoping to take a small piece and most get burnt out like today.
But, please, why do you think a lot of people got burnt today?

The news output was pretty much expected, ensuing move was too expected, so only some very crazy people would get opposite without their Stop loses tight to the entry...
I do not think many people were hurt today.

I missed the initial train and managed only 30 pips profit but I do not complain. Did not get caught with my pants down...
  • #45,989
  • Dec 19, 2007 3:13am Dec 19, 2007 3:13am
Quoting JanPoko
But, please, why do you think a lot of people got burnt today?

The news output was pretty much expected, ensuing move was too expected, so only some very crazy people would get opposite without their Stop loses tight to the entry...
I do not think many people were hurt today.

I missed the initial train and managed only 30 pips profit but I do not complain. Did not get caught with my pants down...
because simply many traders opened a short position before news between 2.0105 - 2.0130.. that's why, if you think that only stupid people opened a short position between these levels then you can consider yourself the most clever of them all then !
  • #45,990
  • Dec 19, 2007 3:14am Dec 19, 2007 3:14am
Hey! bohogirl, ain't seen you in a while.
To laugh, to learn, and to teach!
  • #45,991
  • Dec 19, 2007 3:19am Dec 19, 2007 3:19am
Quoting don_tgomez
Hi all,

This thread is great it helps me focus on GBP/USD alone. I'm a newbie.
I entered short lately having determined the trend after the news. Please will this trend continue and at what point do i exist my short trade?
Entered short at 2.0062. please do advise.

If you are newbie and trying to use this thread to enter trade I hope you are not using real money. You are in a wrong place unless you want
to be gambling with where to enter buy or sell.

Sincerely, you enter too late. Even if you are a day trader you will need to put your stop loss above 2.0097 or above 117 to survive, that is, +40pips.
this thread will not tell you that.

If you are lucky the trade might break 2.0046. I doubt whether that will happen so easily today. But do not take my words for it, who knows, this FX, you can gamble it with the rest of the members here, they might be lucky. But I am buying from here at the right time later today.

My earlier forecast before the start of London session is here.
http://www.forexfactory.com/showthre...=56588&page=11

It might help you defend your position trade.
  • #45,992
  • Dec 19, 2007 3:24am Dec 19, 2007 3:24am
Quoting fxbroker
If you are newbie and trying to use this thread to enter trade I hope you are not using real money. You are in a wrong place unless you want
to be gambling with where to enter buy or sell.

Sincerely, you enter too late. Even if you are a day trader you will need to put your stop loss above 2.0097 or above 117 to survive, that is, +40pips.
this thread will not tell you that.

If you are lucky the trade might break 2.0046. I doubt whether that will happen so easily today. But do not take my words for it, who knows, this FX, you can gamble it with the rest of the members here, they might be lucky. But I am buying from here at the right time later today.

My earlier forecast before the start of London session is here.
http://www.forexfactory.com/showthre...=56588&page=11

It might help you defend your position trade.
can you help me how trade?
Forex Trading ---> https://t.me/fxdarius
  • #45,993
  • Dec 19, 2007 3:27am Dec 19, 2007 3:27am
Quoting fxbroker
If you are newbie and trying to use this thread to enter trade I hope you are not using real money. You are in a wrong place unless you want
to be gambling with where to enter buy or sell.

Sincerely, you enter too late. Even if you are a day trader you will need to put your stop loss above 2.0097 or above 117 to survive, that is, +40pips.
this thread will not tell you that.

If you are lucky the trade might break 2.0046. I doubt whether that will happen so easily today. But do not take my words for it, who knows, this FX, you can gamble it with the rest of the members here, they might be lucky. But I am buying from here at the right time later today.

My earlier forecast before the start of London session is here.
http://www.forexfactory.com/showthre...=56588&page=11

It might help you defend your position trade.
so, if we are not using your method, its gambling?.............LOL!!!.....
  • #45,994
  • Dec 19, 2007 3:27am Dec 19, 2007 3:27am
Quoting forexguru
because simply many traders opened a short position before news between 2.0105 - 2.0130.. that's why, if you think that only stupid people opened a short position between these levels then you can consider yourself the most clever of them all then !
To open it at 0130 they had to enter more than 5 minutes before, if I remember well. And you do not have to be very clever to open such position with a tighter SL then usual, surely not some 50 pips that got them out before the real fall...
  • #45,995
  • Dec 19, 2007 3:29am Dec 19, 2007 3:29am
made profit 2000 today...
{Link Removed}]
  • #45,996
  • Dec 19, 2007 3:29am Dec 19, 2007 3:29am
Quoting JanPoko
To open it at 0130 they had to enter more than 5 minutes before, if I remember well. And you do not have to be very clever to open such position with a tighter SL then usual, surely not some 50 pips that got them out before the real fall...
not only 5 minutes.. many traders had short positions 3-4 hours before news cause price was going down and down
  • #45,997
  • Dec 19, 2007 3:29am Dec 19, 2007 3:29am
Quoting don_tgomez
Hi all,

This thread is great it helps me focus on GBP/USD alone. I'm a newbie.
I entered short lately having determined the trend after the news. Please will this trend continue and at what point do i exist my short trade?
Entered short at 2.0062. please do advise.

you enter late ... about me is better to put ur stoploss @ 2.0062 ... so for any reversal ... you will be safe and then use trailing stop ...

there 250 EMA on Daily chart @ 2.0012 ... maybe it touch it and then bounce

take care
  • #45,998
  • Dec 19, 2007 3:30am Dec 19, 2007 3:30am
What is the purpose for people posting what they (supposedly) made today?
  • #45,999
  • Dec 19, 2007 3:31am Dec 19, 2007 3:31am
Quoting pips_boy
can you help me how trade?
I think you need to help yourself first, by reading and going through lots of threads from this forum. There are tons of good source materials you can start with. But this thread is really for few people who knows what they are doing and many who enjoy shouting up and down every minute and gambling all the way.
  • #46,000
  • Dec 19, 2007 3:34am Dec 19, 2007 3:34am
Quoting deboooo2005
you enter late ... about me is better to put ur stoploss @ 2.0062 ... so for any reversal ... you will be safe and then use trailing stop ...

there 250 EMA on Daily chart @ 2.0012 ... maybe it touch it and then bounce

take care
stop loss use only lossers currency pairs clear stop loss and go go go
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