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Cable Update (GBPUSD)

  • #53,741
  • Feb 14, 2008 10:21am Feb 14, 2008 10:21am
Quoting Moe
what happen to all the traders calling for cable at 1.9200, shorting at 1.9400 and 1.9500
oh shit, go short jacobtrader is here.
If I Go Broke Trying Then I Will die happy.
  • #53,742
  • Feb 14, 2008 10:24am Feb 14, 2008 10:24am
Quoting Moe
why don't you just ask your brother for help.
he told me to study it through 4 - 5 indicators but he told me that during these critical times fundamentals are driving the markets. so thats y i joined these forums to c wat other traders' point of views are.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,743
  • Feb 14, 2008 10:27am Feb 14, 2008 10:27am
waiting for 750

please touchhhh
  • #53,744
  • Feb 14, 2008 10:28am Feb 14, 2008 10:28am
Quoting 4x_Trader
This is what I saw in my crystal ball the cable must breach the 1.9740 (61.8% of 1.9960-1.9390 also that is the low of Jan 25) targeting 1.9770 (Feb 05 high) all the way to 1.9790 (Feb 04 high) to challenge a major resistance at 1.9820 (Jan 31 low) from there short position favored due to 3 month bear channel lies at 1.9820......just my 2 cents!
"Bernanke says likely to see more write-downs by investment banks from sub- prime" causing gbp fell out of bed against the jpy but not against the $ I stick w/ what my crystal ball predicting awhile ago!
  • #53,745
  • Feb 14, 2008 10:30am Feb 14, 2008 10:30am
Quoting Moe
oh shit, go short jacobtrader is here.
Humble Lifetime Member
  • #53,746
  • Feb 14, 2008 10:32am Feb 14, 2008 10:32am
i've only used 4.40% of my account so far.. still in the game damit. i stand strong to my short!
And your mouth dropped
  • #53,747
  • Feb 14, 2008 10:32am Feb 14, 2008 10:32am
Quoting Moe
oh shit, go short jacobtrader is here.
lol
Trading is 80% Emotional, 20% Technical
  • #53,748
  • Feb 14, 2008 10:36am Feb 14, 2008 10:36am
Quoting salah k.
none taken i dont know much u c ive been at this for 2 months i learnt by watching my brother the real salah k. and now im working with a demo he gave me. sorry guys but im trying to learn from ur experiences bec it seemed to be the fastest way to learn forex.
Open a small 'real' account. They train pigeons to peck coloured buttons by putting an electric shock through their feet.

Without the real pain you don't learn as fast

take 20% of your decisions from others you know were right previously and 80% from your own successes - don't let the same dog bite you twice because that isn't smart

capitulate before it hurts too much if you get it wrong and dont cash in too soon and dont be greedy either

As George W said - 'fool me once - shame on you - fool me twice - well um - um - um - you shouldn't fool me at all ok'
  • #53,749
  • Feb 14, 2008 10:40am Feb 14, 2008 10:40am
Quoting allserene
Open a small 'real' account. They train pigeons to peck coloured buttons by putting an electric shock through their feet.

Without the real pain you don't learn as fast

take 20% of your decisions from others you know were right previously and 80% from your own successes - don't let the same dog bite you twice because that isn't smart

capitulate before it hurts too much if you get it wrong and dont cash in too soon and dont be greedy either

As George W said - 'fool me once - shame on you - fool me twice - well um - um - um - you shouldn't fool me at all ok'
i just want to work out a system first. my next is to open a small account like u said but so far i havent developed anything worth opening an account from. but thnx for the advice and cool quote for bush. LOL
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,750
  • Feb 14, 2008 10:41am Feb 14, 2008 10:41am
Quoting allserene
Open a small 'real' account. They train pigeons to peck coloured buttons by putting an electric shock through their feet.

Without the real pain you don't learn as fast

take 20% of your decisions from others you know were right previously and 80% from your own successes - don't let the same dog bite you twice because that isn't smart

capitulate before it hurts too much if you get it wrong and dont cash in too soon and dont be greedy either

As George W said - 'fool me once - shame on you - fool me twice - well um - um - um - you shouldn't fool me at all ok'
i just want to work out a system first. my next step is to open a small account like u said but so far i havent developed a system so that i could base real account operations on.

but thnx for the advice and cool quote for Bush. LOL
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,751
  • Feb 14, 2008 10:43am Feb 14, 2008 10:43am
dang, this benni bennie has made some bullish comments....
of likely strong recovery end of this year...

but all the congress men all are crying about the economy and

good also he remarked those problems are not confined the us economy but to the hole world, that should keep some support to usd

exited last one wit 0pips... lets see if this is the profitable one

http://i25.tinypic.com/105edg1.gif
  • #53,752
  • Feb 14, 2008 10:49am Feb 14, 2008 10:49am
Quoting acidguy
dang, this benni bennie has made some bullish comments....
of likely strong recovery end of this year...

but all the congress men all are crying about the economy and

good also he remarked those problems are not confined the us economy but to the hole world, that should keep some support to usd

exited last one wit 0pips... lets see if this is the profitable one

http://i25.tinypic.com/105edg1.gif
when u sold just now i mean wat did u base it on. Ben's speech or something else.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,753
  • Feb 14, 2008 10:52am Feb 14, 2008 10:52am
Quoting salah k.
i just want to work out a system first. my next step is to open a small account like u said but so far i havent developed a system so that i could base real account operations on.

but thnx for the advice and cool quote for Bush. LOL
Actually its pretty simple - all we can do is see if a trend is happening in some time frame - daily/hourly/or between breaths depending on your style.

Then you wait for it to go against the trend some - and hop on the bandwagon and jump off when you develop a nerve rash on your private parts. Buy low and sell high (or the opposite if you short).

For all the fancy words and charts and technicals, thats all that everyone is doing unless they have magic underpants that speak to them (like Mitt Romney)
  • #53,754
  • Feb 14, 2008 10:55am Feb 14, 2008 10:55am
wow whats happened today its like we didnt move, i went to work entered a long position and made 0 pips ...lol still better than -
  • #53,755
  • Feb 14, 2008 10:55am Feb 14, 2008 10:55am
Quoting salah k.
when u sold just now i mean wat did u base it on. Ben's speech or something else.
when he tells housing market is screwed also the talks about uk...
and sterling got hit.

1.80 or even lower for end of this year.

serene, dont tase me bro, dont tase me....
  • #53,756
  • Feb 14, 2008 10:56am Feb 14, 2008 10:56am
seems cable will stay range bound for the near future
  • #53,757
  • Feb 14, 2008 10:56am Feb 14, 2008 10:56am
Quoting allserene
Actually its pretty simple - all we can do is see if a trend is happening in some time frame - daily/hourly/or between breaths depending on your style.

Then you wait for it to go against the trend some - and hop on the bandwagon and jump off when you develop a nerve rash on your private parts. Buy low and sell high (or the opposite if you short).

For all the fancy words and charts and technicals, thats all that everyone is doing unless they have magic underpants that speak to them (like Mitt Romney)
thats easy to say but during the last months we saw that a whole new set of lows and highs were established due to the bad economy of the US so what are the lows that i hould buy at or the highs that i should sell at?

i mean cad reached parity with usd aud jumped to 0.93 pound to 2.1 e.t.c....
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,758
  • Feb 14, 2008 11:07am Feb 14, 2008 11:07am
Quoting salah k.
i just want to work out a system first. my next is to open a small account like u said but so far i havent developed anything worth opening an account from. but thnx for the advice and cool quote for bush. LOL
check out james16 thread ,learn PA
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,759
  • Feb 14, 2008 11:31am Feb 14, 2008 11:31am
Quoting makey2u
i've only used 4.40% of my account so far.. still in the game damit. i stand strong to my short!
I agree I have 2 shorts trades too. But have also been playing the longs for short term. My shorts are from 1.9650 & 1.9675 and I just placed another at 730 and one pending at 780. I will buy again med and long term at 1.91's med term I have a 250 SL with a 500 tp on my shorts.
  • #53,760
  • Feb 14, 2008 11:34am Feb 14, 2008 11:34am
Quoting salah k.
im still on a demo account so im hoping to build a plan. i like pound because thats how my brother got rich. so im trying to study it as best as possible.
Hi salah k as far as demo account is concerned allow me to share w/ u my demo account w/ fxsol because they are running two weeks contest I thought I have a big chance to win but when Moe posted the current leader I am shocked because my three digit gain was "no-mas" w/ the chinese here is the link:

http://fxsol.com/contest/test-drive/leader-board.html

Here is my statement free margin no position at all as of post time:
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