Cable Update (GBPUSD)

what abt the news from US wouldnt it shoot cable down as its predited good for US.....

run like hell from longs.

$ does not seem to lose any strength.

Or not.....closed on b/e. Seems shorts were right

out -15

... 9610.....!

GBP is going down to china town...

what is your opinion?

I was thinking about this for a while now and I want to ask your opinion.

Thousand of forex traders place long and short positions every minute almost. All these trades go to an interbank system and big banks and other institution can have access to at any given time. When there are lot billion of orders for long and short as always during different time frames per day, major banks (institutions) checks the system to see where traders have placed the biggest position, long or short, and always take the opposite position as they have more money than all the people together. In this way it is imposible to beat the system unless you are lucky not to belong in the majority of traders LONG or SHORT order. This is why people seem to always lose, cause someone trades opposite than them any given time.

Well, maybe it is my imagination but I feel this is how forex works.

What is your opinion?

can you please explain your position? Main question is why?

Jesus! Sometimes I wonder if you guys should really trade or not. Someone's saying long, someone's short.. someone says the banks take opposite positions.. lol.

25 bps cut was priced in. That happened.. GU went up. What no one seems to remember is the accompanying statement. Basically, BoE reflected poor health for the UK economy - tight credit conditions, consumer spending spiralling down, etc. I shorted as soon as that came out, banked 34 pips.. got out at 1.9500.. should have waited as it broke the 1.9500 level as well.

Please, stop scratching your heads, looking at the charts, and for once.. *read* what the friggin Bank of England is saying.. and understand what implications it holds for this pair.

For your own good.

i just wanna ssy thank you to jacobtrader for his trade cal..i just made 200pips from his call...u'r really an amazing trader.....if u are here in malaysia..for sure i'll buy u a drink tonight... just closed short position at 1.9475

i go a few minute to buy coca cola

and i saw chart again,, oh thanks GOD take profit at 1.9460


thanks to all
special thanks to JacobTrader


now, im out from marked





















btw,now time to long?????

I think our trades are never passed throu the interbank market, all happens within the brokers wallet

Congratulations to all who safely caught the falling knife and made a killing with it ...'this time'

My oh My..just please dont give it back again so easily to the market next time then...since rely someone else on your trading is a serious dangerous thing to do.cheers

jacobtrader
he is realy good trader

Jacob, could you give us a clue why were you thinking that level was probable?

Dont think you will see him soon. He is/was short from around 1.9780. I think he is already drunk from celebrating. Well done!

Hi
I place my order before the news on 1.9513 tp 1.9550 after that short from 1.9528 to 1.9450
+115 pips
I'm out now

FXdaily & 30pips, it’s not matter if he have demo or real account the important haw you will make your pips.
And this photo for you both no offence just laugh