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Cable Update (GBPUSD)

  • #47,521
  • Dec 31, 2007 10:28am Dec 31, 2007 10:28am
Quoting fx-SOS
I don't understand what you're saying. If it's breaking support, that is a bad sign, which means could go lower. If it's respecting support, then can only go higher. WHICH?
I was being a little sarcastic, I was thinking 1.9850 was the entry point but it went below that entry.

Looks like it good for now - short term trade only, perhaps.

FYI I am not touching it, already in on the AUDUSD and don't want to ruin a good trade with a ??? trade.
  • #47,522
  • Dec 31, 2007 10:40am Dec 31, 2007 10:40am
Quoting FXdaily
Aneyone knows when Metatrader close today ? How many hours more opened ?
..ooops,seems you have no clue what metatrader is.
  • #47,523
  • Dec 31, 2007 10:49am Dec 31, 2007 10:49am
Seems to have stabilized -- you think it's goin' up from here?
  • #47,524
  • Dec 31, 2007 10:59am Dec 31, 2007 10:59am
i have one question -

who guys are win the market and not loose money everyday

today you win and tommorrow you lost i have really understand this
problem is there anyone make money with forex trading 100% without loosing the money???????

i have all the way technically gone and its looks wrong and market just went opposite direction

i have seen earlier forexguru told he goes short and went long all the way

if you connect the guru behind forex and you are loosing so who is winning in this forex trading?

if you are winner for everyday just post here that you can win forex trading - i dont believe it
  • #47,525
  • Dec 31, 2007 11:07am Dec 31, 2007 11:07am
Quoting fx-SOS
I don't understand what you're saying. If it's breaking support, that is a bad sign, which means could go lower. If it's respecting support, then can only go higher. WHICH?
\

For you it is a bad sign if you have any long position right now, but for others could be very very good. I sold it at 2.0089 and closed with 59 pips positive ( see post 47524 couple pages back) but may be there are still others with a good short trade.

How low could it goes?

Look this post http://forexfactory.com/showthread.php?t=11939&page=546
POST #8189

Yes 1.96 area is a posibbility.

Just follow your indicators and relax.
  • #47,526
  • Dec 31, 2007 11:21am Dec 31, 2007 11:21am
Hi I’ve been trading 18months without a great deal of success. Having said that I have not lost a great deal either. In my opinion a good trader is a trader that follows a plan regardless of anybody else’s comments. The secret to success is picking good entry and exit points. Most losses come from exiting to early in a good trade & leaving your exit to late in a bad trade! This is a sure fire way to loose. I find if I have a bad patch I walk away for a few weeks. When I make that first trade back, sit and get a feel for the market.
  • #47,527
  • Dec 31, 2007 11:31am Dec 31, 2007 11:31am
Quoting Designer1
i have one question -

who guys are win the market and not loose money everyday

today you win and tommorrow you lost i have really understand this
problem is there anyone make money with forex trading 100% without loosing the money???????

i have all the way technically gone and its looks wrong and market just went opposite direction

i have seen earlier forexguru told he goes short and went long all the way

if you connect the guru behind forex and you are loosing so who is winning in this forex trading?

if you are winner for everyday just post here that you can win forex trading - i dont believe it

Sure you can, trade on higher TF's. Go the thread SIMPLE 5/8 Crossover and the whole thread. Maybe that may help you out. Do you own analysis and stop following other's calls! Good Luck and happy new years to everyone!
Humble Lifetime Member
  • #47,528
  • Dec 31, 2007 11:31am Dec 31, 2007 11:31am
Quoting Carrera
\

For you it is a bad sign if you have any long position right now, but for others could be very very good. I sold it at 2.0089 and closed with 59 pips positive ( see post 47524 couple pages back) but may be there are still others with a good short trade.

How low could it goes?

Look this post http://forexfactory.com/showthread.php?t=11939&page=546
POST #8189

Yes 1.96 area is a posibbility.

Just follow your indicators and relax.
Here's the deal. After making fabulous % profit several times while this thing was going bull, I let it slide down (and still holding) at -256 pips!, for a loss of $256. Now, I looked at your stuff, but so much for support and resistance, and fib's. I don't know how anyone can predict (I said PREDICT) the market without using Elliot Wave, and even THEN, it is HARD to interpret, as EWI just got it WRONG. However, they're all too clever in the way they post AFTER the fact.

Thanks for you input. I just lost about 3 weeks worth of profits (mostly) unless this thing goes DIRECTLY up -- NOW.
  • #47,529
  • Dec 31, 2007 11:37am Dec 31, 2007 11:37am
Quoting Designer1
i have one question -

who guys are win the market and not loose money everyday

today you win and tommorrow you lost i have really understand this
problem is there anyone make money with forex trading 100% without loosing the money???????

i have all the way technically gone and its looks wrong and market just went opposite direction

i have seen earlier forexguru told he goes short and went long all the way

if you connect the guru behind forex and you are loosing so who is winning in this forex trading?

if you are winner for everyday just post here that you can win forex trading - i don't believe it

I have been consistent for years after developing my own system. I keep posting here the most important thing in trading is EXIT EXIT EXIT. You must have an exit plan for good and bad trades.

My number 2 rule in trading is don't fall in love with a currency.

I have been thinking of starting a thread with my 20/20 plan. Its simple and makes money fast. If I have any interst I may start it up.

Happy New Year!!!!!
  • #47,530
  • Dec 31, 2007 11:44am Dec 31, 2007 11:44am
Quoting Moe
didn't buy at the bottom but i went long at 1.9958 took half profit at 72 pips trying to squeeze 100 pips before the day ends early.
told you guys to get your pips and watch out.
If I Go Broke Trying Then I Will die happy.
  • #47,531
  • Dec 31, 2007 11:44am Dec 31, 2007 11:44am
Quoting XLInvestor
I have been consistent for years after developing my own system. I keep posting here the most important thing in trading is EXIT EXIT EXIT. You must have an exit plan for good and bad trades.

My number 2 rule in trading is don't fall in love with a currency.

I have been thinking of starting a thread with my 20/20 plan. Its simple and makes money fast. If I have any interst I may start it up.

Happy New Year!!!!!
You are so completely right, because the worst thing you can do is die in a trade, and I pretty much just did. However, your stop losses can also add up, and (as lame as this sounds), I thought I had enough margin to cover this. I didn't get margined out, but almost. Now, I am forced out, at great loss, unless this thing pulls up, for the great hope of recouping most of this.

Please post your system. I don't have tools right now, or money, so I need all the help I can get. The tools I do have (Elliot Wave) I don't even know how to interpret a lot of the time, as to whether they're going to be correct or not etc.
  • #47,532
  • Dec 31, 2007 11:47am Dec 31, 2007 11:47am
Quoting Moe
remember broker's close earily later today, so get your pips.
you just cound't predict this major drop, thats why if you where long it was best to get out with 50+ and sit on the sideline till wed, happy new year to all.
If I Go Broke Trying Then I Will die happy.
  • #47,533
  • Dec 31, 2007 11:57am Dec 31, 2007 11:57am
My system starts with 200.00 and gets to 7500.00 but it is a system I run (no charge or fee or anything to sell) with a group monthly. Best to have a balance of at least 1000.00 usd or equivelant.
  • #47,534
  • Dec 31, 2007 12:04pm Dec 31, 2007 12:04pm
Quoting XLInvestor
My system starts with 200.00 and gets to 7500.00 but it is a system I run (no charge or fee or anything to sell) with a group monthly. Best to have a balance of at least 1000.00 usd or equivelent.
I'm not sure what you mean. Did you start with 200, and get to 7500 yourself? What do you mean you ''run" it? Then what is the group "monthly"?
  • #47,535
  • Dec 31, 2007 12:08pm Dec 31, 2007 12:08pm
Ok so here is my conclusion

one way i think should work in forex

i have seen Ash from long time and just keeping his short and long
about more than 800 pips and more profit range and others who are keeping long term trader would work also....

get the best main top or bottom point and buy or sell that time with margin means stop loss around more than 200pips

pick a right definate direction where the market is going pick good top point and keep the short or long for Long time frame may be weekly or monhtly

do one trade big trade with definate direction

actually its good time to go for short for long time frame as weekly trendline has been broken i knew that its down all the way but shortterm showed me it will go with little more up

so all is i understand is without loosing money go with weekly or monthly definate direction trade like ash is doing - one of the best way to win the forex 100%...

no more pain for everyday
  • #47,536
  • Dec 31, 2007 12:08pm Dec 31, 2007 12:08pm
The system is called 20/20 and I have a skype group I make the trade calls on. You start with 200.00 usd and at the end of the 20 steps you have 7500.00 dollars. I run the skype room and make trade calls with the help of a few people.
  • #47,537
  • Dec 31, 2007 12:16pm Dec 31, 2007 12:16pm
Quoting Designer1
i have one question -

who guys are win the market and not loose money everyday

today you win and tommorrow you lost i have really understand this
problem is there anyone make money with forex trading 100% without loosing the money???????

i have all the way technically gone and its looks wrong and market just went opposite direction

i have seen earlier forexguru told he goes short and went long all the way

if you connect the guru behind forex and you are loosing so who is winning in this forex trading?

if you are winner for everyday just post here that you can win forex trading - i dont believe it


What a bitter truth ! However experienced a trader might be he cannot claim all his positions resulted in profit without a moment of recording losses.It is a fact.


HAPPY NEW YEAR TO ALL ESPECIALLY TRADERS FROM NIGERIA
With patience and discipline,you move beyond the sky
  • #47,538
  • Dec 31, 2007 12:16pm Dec 31, 2007 12:16pm
Quoting XLInvestor
The system is called 20/20 and I have a skype group I make the trade calls on. You start with 200.00 usd and at the end of the 20 steps you have 7500.00 dollars. I run the skype room and make trade calls with the help of a few people.
Well I'm all for it, and you said it's free to join, correct? I don't know how it's POSSIBLE, and I don't know what you mean by STEPS, but I'm game. How long does it take -- approximately?
  • #47,539
  • Dec 31, 2007 12:23pm Dec 31, 2007 12:23pm
The trades take 2-4 weeks depending on how often you can be available to trade. The risk is in the first 5 trades but only 200.00 dollar risk. If someone can tell me how to start a thread I will start a thread and explain how it works.
  • #47,540
  • Dec 31, 2007 12:28pm Dec 31, 2007 12:28pm
Quoting Designer1
Ok so here is my conclusion

one way i think should work in forex

i have seen Ash from long time and just keeping his short and long
about more than 800 pips and more profit range and others who are keeping long term trader would work also....

get the best main top or bottom point and buy or sell that time with margin means stop loss around more than 200pips

pick a right definate direction where the market is going pick good top point and keep the short or long for Long time frame may be weekly or monhtly

do one trade big trade with definate direction

actually its good time to go for short for long time frame as weekly trendline has been broken i knew that its down all the way but shortterm showed me it will go with little more up

so all is i understand is without loosing money go with weekly or monthly definate direction trade like ash is doing - one of the best way to win the forex 100%...

no more pain for everyday
Hi Designer 1

I know what it feels like to loose but had a I good day today. I sold from the 2.0090 area for 100 pips.Wish I had stayed short longer though.
On the Weekly I make the next move up unless lower trend line on attached is broken.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly chart.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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