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Cable Update (GBPUSD)

  • #58,521
  • Mar 17, 2008 7:08am Mar 17, 2008 7:08am
Quoting thucai
1.9990 is the support for weekly. Good support.

I think that's confirmation for a back up later maybe from now on.

It is also near the 38.2% Fibo @1.9354-2.0396
  • #58,522
  • Mar 17, 2008 7:13am Mar 17, 2008 7:13am
Turned on the telly last night eastern to hear that the dollar was in free fall.

I thought 'thats good for my longs ' and went to bed


woke up to see my stops triggered and my wad down !

Then I fire up forexfactory and all the smug cable long people from friday were claiming they had reversed their positions perfectly and made a mint. They confidently say thay have made such and such a position then pop up later and say they had reversed it just it time as predicted by their superior charts

I reckon I am not alone in losing some and I suspect a lot of revered 'experts' on forexfactory (you know who you are) , who claim to capture every pip on every significant move, are fantasists or worse

I sussed this out a long time ago and i only trade my own opinion, but these 'aways right' people are getting on my nipples something awful and I won't respect them until they own up to losses every now and then

If I was 25% as good as they claim to be I would have billions in profits by now and I wouldnt spend time posting on here
  • #58,523
  • Mar 17, 2008 7:23am Mar 17, 2008 7:23am
Quoting allserene
Turned on the telly last night eastern to hear that the dollar was in free fall.

I thought 'thats good for my longs ' and went to bed


woke up to see my stops triggered and my wad down !

Then I fire up forexfactory and all the smug cable long people from friday were claiming they had reversed their positions perfectly and made a mint. They confidently say thay have made such and such a position then pop up later and say they had reversed it just it time as predicted by their superior charts

I reckon I am not alone in losing some and I suspect a lot of revered 'experts' on forexfactory (you know who you are) , who claim to capture every pip on every significant move, are fantasists or worse

I sussed this out a long time ago and i only trade my own opinion, but these 'aways right' people are getting on my nipples something awful and I won't respect them until they own up to losses every now and then

If I was 25% as good as they claim to be I would have billions in profits by now and I wouldnt spend time posting on here
hey allserene im sorry for ur loss
wat about ur shorts on euro!!!
anyway u remember we were talking about UK fundamentals and US fundamentals
well i need u 2 check this post and tell me wat u think please as i know u have a number of years in ur back.(like 350 i think u told me LOL)

#58524
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,524
  • Mar 17, 2008 7:28am Mar 17, 2008 7:28am
2.0066 Im SHORT IN before NEWs
  • #58,525
  • Mar 17, 2008 7:32am Mar 17, 2008 7:32am
Quoting salah k.
hey allserene im sorry for ur loss
wat about ur shorts on euro!!!
anyway u remember we were talking about UK fundamentals and US fundamentals
well i need u 2 check this post and tell me wat u think please as i know u have a number of years in ur back.(like 350 i think u told me LOL)

#58524
Feels like 750 this morning

only trend around here is using daily charts

Swing traders on ANY timescale can't live with volatility like this but i am just gambling right now for something to do

I reckon everyone in the world wants euro but they have to diversify some at these levels as central banks will kick their bottoms soon at 1.60 and so they will have to spread some of it onto GBP

I am going long cable and I will report my losses if i am wrong

my average is 2.00423
  • #58,526
  • Mar 17, 2008 7:38am Mar 17, 2008 7:38am
Quoting Turveyd
Thats why I was trying to keep your account size, to £500 if your keeping your lots small it's all you need, limits your getting carried away, then add money later if it's a issue.

The old under capatilized for newbies is a huge trap, basically it's if your going to lose all of your money do it in 1 shot and make it big that way you can't make it back, funds only profit from our losses they have not got your interest at heart.
I hear u bro ...all i can say is if i thought i wsnt ready i wont have started, this is just the next step to my learning process...wish me luck buddy i will need it!
  • #58,527
  • Mar 17, 2008 7:47am Mar 17, 2008 7:47am
Quoting oleevier
i wrote .... CLOSED
so they r saved
i hope it will give a good sign for whole week


I know u r more experienced and try to focus on ur point of view and i read very carefully ur posts to learn as much as i can


i closed and reopen postions , will see what will happen

today i saved another +560p in 4 positions SHORT G/U
my LONG E/J hit S/L
but have long from bottom and + 70p already
  • #58,528
  • Mar 17, 2008 7:49am Mar 17, 2008 7:49am
Quoting allserene
Feels like 750 this morning

only trend around here is using daily charts

Swing traders on ANY timescale can't live with volatility like this but i am just gambling right now for something to do

I reckon everyone in the world wants euro but they have to diversify some at these levels as central banks will kick their bottoms soon at 1.60 and so they will have to spread some of it onto GBP

I am going long cable and I will report my losses if i am wrong

my average is 2.00423
i know im in no position to advice a trader of your status but im thinking if tomorrow's rate cut doesn't pull cable up we will be back in 9500 area and even less by the end of the week.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,529
  • Mar 17, 2008 7:58am Mar 17, 2008 7:58am
Abuawad nailed it again!!!
"I know how hard it is for you to put food on your family." George W. Bush
  • #58,530
  • Mar 17, 2008 8:03am Mar 17, 2008 8:03am
Quoting salah k.
i know im in no position to advice a trader of your status but im thinking if tomorrow's rate cut doesn't pull cable up we will be back in 9500 area and even less by the end of the week.
I don't claim any status by the way- just coz I have suvived a few years and put a lot of trades on does not mean i have made mega bucks - in fact the last few months i am only just in front.

Anyone's opinion is as good as anyone elses right now - the long slog up from 1.74 has gone and it's russian roulette right now.

It could be 2.05 or 1.95 by the end of this week.

I am keeping a low position and just fooling around right now...
  • #58,531
  • Mar 17, 2008 8:11am Mar 17, 2008 8:11am
Quoting MarcoW
Abuawad nailed it again!!!
Would you recommend him to give up his job and scale it up and go pro ?

I would...
  • #58,532
  • Mar 17, 2008 8:12am Mar 17, 2008 8:12am
Quoting allserene
Turned on the telly last night eastern to hear that the dollar was in free fall.

I thought 'thats good for my longs ' and went to bed


woke up to see my stops triggered and my wad down !

Then I fire up forexfactory and all the smug cable long people from friday were claiming they had reversed their positions perfectly and made a mint. They confidently say thay have made such and such a position then pop up later and say they had reversed it just it time as predicted by their superior charts

I reckon I am not alone in losing some and I suspect a lot of revered 'experts' on forexfactory (you know who you are) , who claim to capture every pip on every significant move, are fantasists or worse

I sussed this out a long time ago and i only trade my own opinion, but these 'aways right' people are getting on my nipples something awful and I won't respect them until they own up to losses every now and then

If I was 25% as good as they claim to be I would have billions in profits by now and I wouldnt spend time posting on here
Well Im still long from my original position if you really want to know. And like I said even a fall to the 2 mark dose not signal trend change. I may close out or hedge if we get a daily close under 1.9970 though, lol
It’s only a loss when you close it

It’s a shame the older British generation do not like other peoples success, in fact they prey for their downfall
That is very different in the USA
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,533
  • Mar 17, 2008 8:22am Mar 17, 2008 8:22am
A very interesting view on the US state of affairs

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Inserted Video


Jim Rogers - Co founder of the Quantum Fund alongside George Soros
Trading is 80% Emotional, 20% Technical
  • #58,534
  • Mar 17, 2008 8:25am Mar 17, 2008 8:25am
Quoting Bones

It’s a shame the older British generation do not like other peoples success, in fact they prey for their downfall
Having lived in the Uk for more than 25 years i would beg to differ. They don't like cocky people(but then again no one does). Apart from that they appreciate and encourage talent. Wonderful people the British.
  • #58,535
  • Mar 17, 2008 8:27am Mar 17, 2008 8:27am
Quoting Bones
Well Im still long from my original position if you really want to know. And like I said even a fall to the 2 mark dose not signal trend change. I may close out or hedge if we get a daily close under 1.9970 though, lol
It’s only a loss when you close it

It’s a shame the older British generation do not like other peoples success, in fact they prey for their downfall
That is very different in the USA
I think you mean 'pray' rather than 'prey' but that's just the grammar school generation being picky.

Good for you with your long term long - its a sound enough strategy.

Genuine success is what we are all after - but fake success every single time there is a big move (and most times 180 degrees from their last stated positions), is irritating

I repeat, that anyone who is as good as some of these guys claim to be would not be trudging off to work every day - would you ? I wouldnt leave the house if I was that good - I would pay someone to go shopping for me !

It's no so long since the Americans were applauding eliot spitzer and enron and bear sterns and george w bush - so we have to make sure it's the genuine article before we start hooting our approval
  • #58,536
  • Mar 17, 2008 8:30am Mar 17, 2008 8:30am
Quoting Abuawad
From 2.0200 to 2.0088 112 pip
update to 2.0 with 200 pips
  • #58,537
  • Mar 17, 2008 8:33am Mar 17, 2008 8:33am
Quoting nAVIN2007
how long did it take u b4 u started making money consistantly ..did u blow a lot of account ....or did u hit the ground running?
Two times when i start forex
  • #58,538
  • Mar 17, 2008 8:34am Mar 17, 2008 8:34am
Quoting MarcoW
Abuawad nailed it again!!!
thanks
  • #58,539
  • Mar 17, 2008 8:35am Mar 17, 2008 8:35am
Quoting allserene
Would you recommend him to give up his job and scale it up and go pro ?

I would...

No way , i love my job. and forex for me is only another income...
  • #58,540
  • Mar 17, 2008 8:37am Mar 17, 2008 8:37am
Quoting allserene
Would you recommend him to give up his job and scale it up and go pro ?

I would...

Well, I'm not sure what would be a sufficient sample size in order to validate his methodology in order for him to make that jump, but there's no doubt he's having great success thus far, and he has taken the time and effort to assist others here when he certainly didn't have to do so, thus making him..

a gentleman and a scholar in my book and for which I wish him the best of success in all of his endeavors!!
"I know how hard it is for you to put food on your family." George W. Bush
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