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Cable Update (GBPUSD)

  • #53,661
  • Feb 14, 2008 7:06am Feb 14, 2008 7:06am
Quoting allserene
Stop losses were the major cause of me losing money when I started this. Since I stopped using them I dont make the big losses. The big players 'sweep' the market and trigger the stops and return to where they were.
Al queda playing the market isnt the norm and is a bit too conspiracist for me anyway - most market moves are caused by previously undiscounted events that had not been noticed.

The crash from 2.11 was simply the market 'catching up' with UK fundies that had been apparent to me for months.

The technicals of the market are far from perfect in it's discounting of events because it simply does not know enough.

Why wasn't the sub prime thing discounted while it was building ? because the market either did not know or did not trade it. The fundy was there but the techies were blind.
Agree with what you said. Techies are those who extend the trend which should have been reversed earlier. Techies love to extend bubbles and worsen the aftermath.
  • #53,662
  • Feb 14, 2008 7:09am Feb 14, 2008 7:09am
Quoting traderchan
SHORT SHORT SHORT
Better to change your mind bro! Hope the US data will support your sentiment let's see how it goes.....
  • #53,663
  • Feb 14, 2008 7:10am Feb 14, 2008 7:10am
Quoting salah k.
thats what i thought im gona go out while im still winning and maybe after the news if the direction is clear i'll jump back in. thnx
Hope it dont shoot up now ,lol,but you are choosing the safest option,the only thing im thinking is the market obvously thinks the news is bad for us,or its tring to touch that res before the news ??
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,664
  • Feb 14, 2008 7:10am Feb 14, 2008 7:10am
Quoting traderchan
Agree with what you said. Techies are those who extend the trend which should have been reversed earlier. Techies love to extend bubbles and worsen the aftermath.
so u believe that cable is gonna reverse to a bearish trend????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,665
  • Feb 14, 2008 7:14am Feb 14, 2008 7:14am
Quoting Bones
Hope it dont shoot up now ,lol,but you are choosing the safest option,the only thing im thinking is the market obvously thinks the news is bad for us,or its tring to touch that res before the news ??
dont worry its a demo account i just wanna build up a good base and acquire experience from all u guys plus its better to get out while im winnning than to get out because i lost everything. hehehe
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,666
  • Feb 14, 2008 7:16am Feb 14, 2008 7:16am
Quoting salah k.
so u believe that cable is gonna reverse to a bearish trend????????????
dont know, cable looks to me like medium-term bearish but long-term bullish trend still in tact, just my opinion.
  • #53,667
  • Feb 14, 2008 7:18am Feb 14, 2008 7:18am
Quoting Bones
Hope it dont shoot up now ,lol,but you are choosing the safest option,the only thing im thinking is the market obvously thinks the news is bad for us,or its tring to touch that res before the news ??
Its al quada planning to blow up the unemployment office which will reduce the number of unemployed
  • #53,668
  • Feb 14, 2008 7:21am Feb 14, 2008 7:21am
i think if US trade balance was bad like realy bad we might see cable hit 1.9800 today.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,669
  • Feb 14, 2008 7:21am Feb 14, 2008 7:21am
Quoting salah k.
dont worry its a demo account i just wanna build up a good base and acquire experience from all u guys plus its better to get out while im winnning than to get out because i lost everything. hehehe
Always remember that there is a big difference between trading a demo account and trading a real account and that is none other than human nature or shall I say emotions which is the main reason why lot of traders are losing money in trading!
  • #53,670
  • Feb 14, 2008 7:24am Feb 14, 2008 7:24am
Quoting salah k.
i think if US trade balance was bad like realy bad we might see cable hit 1.9800 today.
If US trade balance is really really bad, u will see a plunge in the equity markets and down goes cable.
  • #53,671
  • Feb 14, 2008 7:25am Feb 14, 2008 7:25am
Forget About Shorts.. Very Bullish Momentum.. Nothing Can Change This.
  • #53,672
  • Feb 14, 2008 7:28am Feb 14, 2008 7:28am
apart from bad news ,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,673
  • Feb 14, 2008 7:38am Feb 14, 2008 7:38am
hate it when no bad news to push the currency and equity markets.
  • #53,674
  • Feb 14, 2008 7:39am Feb 14, 2008 7:39am
Quoting forexguru
Forget About Shorts.. Very Bullish Momentum.. Nothing Can Change This.
No one can dispute that maybe next week will favor the bears!
  • #53,675
  • Feb 14, 2008 7:43am Feb 14, 2008 7:43am
is that good news gonna affect cable or nothing can stop it at the moment.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,676
  • Feb 14, 2008 7:47am Feb 14, 2008 7:47am
now wat aussie went down so did euro gold silver...
will pound be next to go ????????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,677
  • Feb 14, 2008 7:53am Feb 14, 2008 7:53am
cable will go up but not today.. tomorrow
  • #53,678
  • Feb 14, 2008 7:57am Feb 14, 2008 7:57am
inverted hammer forming on tf 1h
  • #53,679
  • Feb 14, 2008 8:00am Feb 14, 2008 8:00am
thats a rough drop from cable what is the first support for it now????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,680
  • Feb 14, 2008 8:05am Feb 14, 2008 8:05am
Quoting soros_junior
inverted hammer forming on tf 1h
there is only one inverted hammer and that's mc hammer

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