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Cable Update (GBPUSD)

  • #52,261
  • Feb 6, 2008 4:49am Feb 6, 2008 4:49am
just a recent example is one very good trader, quicksilver... if this trader quit trading and now he is also involved in fishing... to take sure money.. imagine how difficult is forex trading..

for example today if I was short, I would take my profit 25 - 45 pips and call this a day.

only novice traders hope to get hundreds of pips.. but professionals are happy with a few pips cause they know nobody can have control over the market so why should they risk their profit.
  • #52,262
  • Feb 6, 2008 4:52am Feb 6, 2008 4:52am
Quoting forexguru
just a recent example is one very good trader, quicksilver... if this trader quit trading and now he is also involved in fishing... to take sure money.. imagine how difficult is forex trading..

for example today if I was short, I would take my profit 25 - 45 pips and call this a day.

only novice traders hope to get hundreds of pips.. but professionals are happy with a few pips cause they know nobody can have control over the market so why should they risk their profit.
did quicksilver quit trading?
If I Go Broke Trying Then I Will die happy.
  • #52,263
  • Feb 6, 2008 4:54am Feb 6, 2008 4:54am
Today can easily be a volatile day in the FX markets and this may reignite the turmoil from January. There is no important EM data out today - global sentiment will be the main driver of EM.
If I Go Broke Trying Then I Will die happy.
  • #52,264
  • Feb 6, 2008 4:54am Feb 6, 2008 4:54am
Quoting artsameer
forexguru thankx
so what do u think up or down and why
mentality is down... BOE is going to cut interest rate by 0.25

fed cut it by 75 and still $ got stronger.

in fact the down movement we see now it is because of tomorrow rate cut...

if $ news turn to be bad as usual pshychology will turn agains $ probably
  • #52,265
  • Feb 6, 2008 4:54am Feb 6, 2008 4:54am
Quoting Moe
did quicksilver quit trading?
he said that he is busy fishing
  • #52,266
  • Feb 6, 2008 4:54am Feb 6, 2008 4:54am
Quoting forexguru
just a recent example is one very good trader, quicksilver... if this trader quit trading and now he is also involved in fishing... to take sure money.. imagine how difficult is forex trading..

for example today if I was short, I would take my profit 25 - 45 pips and call this a day.

only novice traders hope to get hundreds of pips.. but professionals are happy with a few pips cause they know nobody can have control over the market so why should they risk their profit.

Very Beautifully Said..
  • #52,267
  • Feb 6, 2008 4:56am Feb 6, 2008 4:56am
Quoting jacobtrader
Very Beautifully Said..
thanks... u won be before.. bravo.
  • #52,268
  • Feb 6, 2008 4:58am Feb 6, 2008 4:58am
I have been looking at Weekly charts... it appears truly a major downfall to come in GBP/USD..
And today i do see 1.9500 levels.
  • #52,269
  • Feb 6, 2008 5:02am Feb 6, 2008 5:02am
i think good trader who know where is market going
and what good time to sell or buy
{Promotion Removed}
  • #52,270
  • Feb 6, 2008 5:08am Feb 6, 2008 5:08am
Any rally is good place to sell..
1.9580 levels is good place to go short (sell)
  • #52,271
  • Feb 6, 2008 5:12am Feb 6, 2008 5:12am
Quoting jacobtrader
Any rally is good place to sell..
1.9580 levels is good place to go short (sell)
fib level.. do not if $ can go against law of universe.. but they will try I am sure!
Attached Image (click to enlarge)
Click to Enlarge Name: fib.jpg Size: 157 KB
  • #52,272
  • Edited 5:42am Feb 6, 2008 5:16am | Edited 5:42am
Seems to be more than concidence it stopped just a few pips short of the bottom channel wall (by my reckoning) - of course the day isn't over yet
Attached Image (click to enlarge)
Click to Enlarge Name: 080206 GBP-USD D1 channel.gif Size: 64 KB
Darkness lies one inch ahead..
  • #52,273
  • Feb 6, 2008 5:18am Feb 6, 2008 5:18am
look if new 1 hour candle open below 1.9605 it will go down again
  • #52,274
  • Feb 6, 2008 5:18am Feb 6, 2008 5:18am
Pull back or trend reversal???

  • #52,275
  • Feb 6, 2008 5:18am Feb 6, 2008 5:18am
Its just a little technical readiness happening for US..
A major Fall in this pair is on the cards..
  • #52,276
  • Feb 6, 2008 5:19am Feb 6, 2008 5:19am
Quoting TraderJR
Seems to be more than concidence it stopped just ~5 pips short of the bottom channel wall (by my reckoning) - of course the day isn't over yet
be sure than nothing in life is a coincidence !
  • #52,277
  • Feb 6, 2008 5:20am Feb 6, 2008 5:20am
Quoting jacobtrader
Its just a little technical readiness happening for US..
A major Fall in this pair is on the cards..
believe me.. if I were you, I would just take my 50 - 70 pips profit and go away for today.
  • #52,278
  • Feb 6, 2008 5:21am Feb 6, 2008 5:21am
Give it 1 hour more.. it will be ready for the FALL AGAIN..
  • #52,279
  • Feb 6, 2008 5:22am Feb 6, 2008 5:22am
Quoting forexguru
believe me.. if I were you, I would just take my 50 - 70 pips profit and go away for today.

I have booked profits.. i have 2 accounts.. 1 account is happy.. making the another account of mine happy..
  • #52,280
  • Feb 6, 2008 5:27am Feb 6, 2008 5:27am
Hey, Howz everybody doin'?

Jacob yesterday FX DAILY's calls worked. Innit? nothing personnel but you shouldnt ve humiliated him but yeah at the same time you were right with your analysis too.
Difference of opinions...fuel for forex factory innit?
anyways wish you all good trading
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