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Cable Update (GBPUSD)

  • #69,041
  • Jun 4, 2008 3:59am Jun 4, 2008 3:59am
Quoting salah k.
that doesnt even make sense long be4 technical charts were posted currencies have been devalued or overvalued due to fundamentals.

u are very wrong my brother fundamentals trigger the market technicals carry it.

how else would u describe the fall of the dollar TECHNICAL????????????
I DONT THINK SO.

how else would u describe the fall of cable from 2.11 to 193
as i recall it was started because of fundamentals and rate cuts.

but the fundamental there followed the strong resistance line , and followed some charts i have drown.

so, they come after for me
  • #69,042
  • Jun 4, 2008 4:02am Jun 4, 2008 4:02am
Quoting tarektm
but the fundamental there followed the strong resistance line , and followed some charts i have drown.

so, they come after for me
so u mean to say that charts predict fundamentals ahead of time

for example euro's 200 pip drop yesterday was in the charts
not even close
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,043
  • Jun 4, 2008 4:02am Jun 4, 2008 4:02am
anyone long?im long..and I do this.
MOE?
  • #69,044
  • Jun 4, 2008 4:05am Jun 4, 2008 4:05am
i believe in technicals a lot and study them alot
but i dont believe that they move the market. they mainly point out resistances supports fibo retracements....

but they need a trigger

or else if we would be following technicals alone all our charts would look sinusoidal
think about it
buy low sell high
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,045
  • Jun 4, 2008 4:07am Jun 4, 2008 4:07am
Quoting salah k.
that doesnt even make sense long be4 technical charts were posted currencies have been devalued or overvalued due to fundamentals.

u are very wrong my brother fundamentals trigger the market technicals carry it.

how else would u describe the fall of the dollar TECHNICAL????????????
I DONT THINK SO.

how else would u describe the fall of cable from 2.11 to 193
as i recall it was started because of fundamentals and rate cuts.
I agree with you but we may see rally at this point in anticipation of U.S. open
  • #69,046
  • Jun 4, 2008 4:10am Jun 4, 2008 4:10am
Quoting B@by trader
anyone long?im long..and I do this.
MOE?
i'm long too..
  • #69,047
  • Jun 4, 2008 4:10am Jun 4, 2008 4:10am
Quoting tarektm
what i mean is technical comes first, then fundamental.
After having traded (successfully) for 7 years - this is the first time i am reading anyone say Technicals come first - mate - maybe you are right if you trade off tick charts

Fundaments create trends - technicals follow the trend and give you entry, exit and re-entry points - ONLY.

And BTW - Fib levels dont provide anything more than good entry/exit points - they DO NOT stop the markets. You should not use Fibs to predict where the market is going - you should only use it to set your trading levels and risks.
  • #69,048
  • Jun 4, 2008 4:14am Jun 4, 2008 4:14am
Quoting gmohata
After having traded (successfully) for 7 years - this is the first time i am reading anyone say Technicals come first - mate - maybe you are right if you trade off tick charts

Fundaments create trends - technicals follow the trend and give you entry, exit and re-entry points - ONLY.

And BTW - Fib levels dont provide anything more than good entry/exit points - they DO NOT stop the markets. You should not use Fibs to predict where the market is going - you should only use it to set your trading levels and risks.
finally
thank u bro

thats wat im trying to say.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,049
  • Jun 4, 2008 4:17am Jun 4, 2008 4:17am
when fundamental technical...
the winner is.............
trader..ahahahahahaha
  • #69,050
  • Jun 4, 2008 4:33am Jun 4, 2008 4:33am
Quoting salah k.
i believe in technicals a lot and study them alot
but i dont believe that they move the market. they mainly point out resistances supports fibo retracements....

but they need a trigger

or else if we would be following technicals alone all our charts would look sinusoidal
think about it
buy low sell high
I Believe That Technicalist & Fundamentalist Has Different Point of View, Technicalist Believe That Fundamental Follow Technical & Fundamentalist Believe That Technical Follow Fundamental.

Like Wise Man Say Who Came First Egg or Chicken ?
Egg Came After Chicken or Chicken Came After Egg....

It Doesnt Matter Who's Right / Who's Wrong. The Matter is Who Makes Better Profit or
Verily, in every difficulties there is relief
  • #69,051
  • Jun 4, 2008 4:38am Jun 4, 2008 4:38am
Maybe a little long brewing with tweezers on the 1Hr chart.
  • #69,052
  • Jun 4, 2008 4:39am Jun 4, 2008 4:39am
In my opinion, it's how traders react to the fundamentals and how the professionals use the news against you. It's not what it seems. Looking at it from a simplistic point of view, the cable dropped from 2.11-1.93 because there were more sellers than buyers. It really doesn't matter what the news was. The market can go up on both good and bad news. Many times people try to explain why a move happened with the fundamentals. What we should really be concerning ourselves with is learning how to read a chart correctly and spotting professional trading activity.

Quoting salah k.
that doesnt even make sense long be4 technical charts were posted currencies have been devalued or overvalued due to fundamentals.

u are very wrong my brother fundamentals trigger the market technicals carry it.

how else would u describe the fall of the dollar TECHNICAL????????????
I DONT THINK SO.

how else would u describe the fall of cable from 2.11 to 193
as i recall it was started because of fundamentals and rate cuts.
  • #69,053
  • Jun 4, 2008 4:40am Jun 4, 2008 4:40am
Quoting gmohata
After having traded (successfully) for 7 years - this is the first time i am reading anyone say Technicals come first - mate - maybe you are right if you trade off tick charts

Fundaments create trends - technicals follow the trend and give you entry, exit and re-entry points - ONLY.

And BTW - Fib levels dont provide anything more than good entry/exit points - they DO NOT stop the markets. You should not use Fibs to predict where the market is going - you should only use it to set your trading levels and risks.
could u please give a brief description of the fundamentals that u use
  • #69,054
  • Jun 4, 2008 4:44am Jun 4, 2008 4:44am
Quoting nwsuccess
In my opinion, it's how traders react to the fundamentals and how the professionals use the news against you. It's not what it seems. Looking at it from a simplistic point of view, the cable dropped from 2.11-1.93 because there were more sellers than buyers. It really doesn't matter what the news was. The market can go up on both good and bad news. Many times people try to explain why a move happened with the fundamentals. What we should really be concerning ourselves with is learning how to read a chart correctly and spotting professional trading activity.
bro ur right
but if u listened to fundamentals u would have been one of those sellers from the top.
thats all im trying to say.

i mean if ur charts say oil will go down 5 dollars today then would u sell oil if the saudi king decided to stop production

which will outweigh which here technicals or fundamentals???????
to be a successful trader u have to study both.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,055
  • Jun 4, 2008 5:09am Jun 4, 2008 5:09am
Quoting gmohata
After having traded (successfully) for 7 years - this is the first time i am reading anyone say Technicals come first - mate - maybe you are right if you trade off tick charts

Fundaments create trends - technicals follow the trend and give you entry, exit and re-entry points - ONLY.

And BTW - Fib levels dont provide anything more than good entry/exit points - they DO NOT stop the markets. You should not use Fibs to predict where the market is going - you should only use it to set your trading levels and risks.
well, we got a point here also,
the most important is how trader him self read the market and take successful decision.
either ways you have to use your own strategy to earn.

i use technicals ( Not only classics ), you use fundamental , or both,
we both make Successful trades
that's the most important factor here.
  • #69,056
  • Jun 4, 2008 5:10am Jun 4, 2008 5:10am
Quoting torcuswelby
could u please give a brief description of the fundamentals that u use
Mate - fundamentals are not end-to-end defined like technicals - fundamentals is an understanding of economics and how they are applied in global markets. There is a LOT of correlation and understanding that is important too
  • #69,057
  • Jun 4, 2008 5:15am Jun 4, 2008 5:15am
Hi Salah,

To be honest, I really don't pay attention to the news expect looking at when it's released. I believe a lot of the news is priced in and use price action to confirm my entries. If I did get wind of a comment about stopping oil production, I would question the source and their motives. Reading a chart tells the story of what is really going on regardless of the news and as traders we need to learn to interpret that story correctly. If we can do that and manage our trade, we'll do fine.

If you've found an edge using the fundamentals to better your positions, that's great. Keep doing what works. Especially, if it's making you money.

Happy Trading!


Quoting salah k.
bro ur right
but if u listened to fundamentals u would have been one of those sellers from the top.
thats all im trying to say.

i mean if ur charts say oil will go down 5 dollars today then would u sell oil if the saudi king decided to stop production

which will outweigh which here technicals or fundamentals???????
to be a successful trader u have to study both.
  • #69,058
  • Jun 4, 2008 5:16am Jun 4, 2008 5:16am
I do not know about you guyz but the most powerfull methode to trade is USE YOUR OWN BRAIN........
Keep Learning and you'll get what you want...
  • #69,059
  • Jun 4, 2008 5:24am Jun 4, 2008 5:24am
Thought this was Cable Update (GBPUSD) thread. Turns out the last number of posts suggest this is the "The story of my Daddy is better than your Daddy - fundamentals vs technicals" thread.

So funny to me that people still debate this stuff. Just for the record I'll say you're all correct. And also let me say, who cares how you trade as long as you trade and are successfully banking pips. Fundamentals drive markets - technicals display price action into a nice pretty picture. Trade it however you want to.

Now, what do you guys think of Cable back to upside around 9600-9615?
  • #69,060
  • Jun 4, 2008 5:24am Jun 4, 2008 5:24am
from my point of view I use fundamental as follow:
1.no trade on news time
2.close open trade on news time
3.use fundamental news as to support analysis(like oil drop just now dont take long post for a certain time)if post follow news let it opening

that is IMHO after all im a B@by trader.
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