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Cable Update (GBPUSD)

  • #69,361
  • Jun 5, 2008 12:53pm Jun 5, 2008 12:53pm
Quoting Turveyd
It's easier than that, god does not exist, if you think about the subject logically and objectively there is no other answer to be reached, sadly part of religious doctrine is to ensure believers aren't capable of being logical or subjective about this subject, hence the reaction " god does not exist " causes.


The other problem with religious people is, anything they do to someone else is not there fault and all they have to do is pray abit and it's okay there still going to heaven, errrrr NO, there is no such place!!!

This is me because this is you
  • #69,362
  • Jun 5, 2008 12:54pm Jun 5, 2008 12:54pm
Rule #2: Trading Only

Forex Factory is all about trading. Anything focused on the pursuit of trading profits is welcome; anything focused on something else is subject to removal. Keep in mind that Forex Factory is a global community, so controversial discussions (i.e., politics, religion) should be kept to a minimum. Additionally, the site should not be used to for personal agendas such as ego, drama, attention or revenge.


Just a friendly reminder, before this degenerate...

Getting it right is NOT as important as not getting it wrong.
  • #69,363
  • Jun 5, 2008 12:57pm Jun 5, 2008 12:57pm
I think all those who's religion bans gambling are risking their immortal souls by doing forex

I found a stone tablet on the mountain this morning and it said:

'forex is gambling not trading - best wishes and good luck - G'

I am using it to keep the table level

You can all see a jpg of it if you sent me 100 dollars in notes
  • #69,364
  • Jun 5, 2008 1:11pm Jun 5, 2008 1:11pm
Quoting AmeriTrini
This is me because this is you
Ameri
where have u been mate?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,365
  • Jun 5, 2008 1:24pm Jun 5, 2008 1:24pm
Quoting salah k.
Ameri
where have u been mate?
I haven't been feeling very well, so I thought it was best not to trade as I wouldn't be able to devote all of my attention, I am much better now and ready to tame this market!!!...........
  • #69,366
  • Jun 5, 2008 1:33pm Jun 5, 2008 1:33pm
Quoting allserene
I think all those who's religion bans gambling are risking their immortal souls by doing forex

I found a stone tablet on the mountain this morning and it said:

'forex is gambling not trading - best wishes and good luck - G'

I am using it to keep the table level

You can all see a jpg of it if you sent me 100 dollars in notes
I strongly disagree with this statement "Forex is gambling not trading" Yes I agree that For Forex Broker and whoever owned the trading software where they can change or modify according to their needs then it is 100% gambling

I verified this long time ago in one of the Priests in Islamic religion and up to certain limit this is 100% gambling free and whatever we are trading that is 100% valid in our religion infact Stocks trading is also 100% and I also do the US Stocks trading.
  • #69,367
  • Jun 5, 2008 1:38pm Jun 5, 2008 1:38pm
Hi to all of you.........Could you give me little input in regards to Ny (USA) session and London or European session. Do you guys find easy to trade U.K session or USA session? Which session is most subjected to uncertainities and market swings so to speak.......
Insight would be highly appreciated
BANDA333
  • #69,368
  • Jun 5, 2008 2:17pm Jun 5, 2008 2:17pm
Quoting AmeriTrini
I haven't been feeling very well, so I thought it was best not to trade as I wouldn't be able to devote all of my attention, I am much better now and ready to tame this market!!!...........
hope ur feeling better
its good to have u back bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,369
  • Jun 5, 2008 2:19pm Jun 5, 2008 2:19pm
Quoting BANDA
Hi to all of you.........Could you give me little input in regards to Ny (USA) session and London or European session. Do you guys find easy to trade U.K session or USA session? Which session is most subjected to uncertainities and market swings so to speak.......
Insight would be highly appreciated


i dont know much but i believe for me UK session is usually best becuase u dont have US news
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,370
  • Jun 5, 2008 2:22pm Jun 5, 2008 2:22pm
Quoting salah k.
hope ur feeling better
its good to have u back bro

  • #69,371
  • Jun 5, 2008 2:36pm Jun 5, 2008 2:36pm
[quote=allserene;2039449]yes, but if you put your s/l's very tight, the choppiness can give a long string of s/l hits before you finally get the run that will yield 15%

many times, the account will be blown a long time before that happens

If you put your s/l's at catastrophe size then catastrophes come too

If anyone had a sure fire mathematical sytem then they would be emperor of the world - but none of us have that and we are all just a string of bad luck away from wipeout

There are no billionaires posting on here and the Soros who posts is not the real Soros

We are all small time gamblers who dream of a system that will yield billions - its a dream

If it wasn't then you would play big with your winnings every week and the have billions to show for it - I havent and you havent and nobody on here has billions

Conclusion - all our systems are deeply flawed and dangerous



- speak for yourself pal!! ur system maybe flawed but it doesnt mean everybody elses is!

no1 saying trading is easy, but to call it black or white gambling is incorrect, casino is for gamblers, trading forex is all about calculated risks.. all success traders dont have to be billionaires, if that were the case then every footballer would be as good as pele or maradona, dont work that way. u develop ur own style and system of trading and with a bit of grit u can make living out of it.
Trading is 80% Emotional, 20% Technical
  • #69,372
  • Jun 5, 2008 2:39pm Jun 5, 2008 2:39pm
Quoting salah k.
we'll be waiting


http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop
  • #69,373
  • Jun 5, 2008 2:40pm Jun 5, 2008 2:40pm
Quoting allserene
I think all those who's religion bans gambling are risking their immortal souls by doing forex

I found a stone tablet on the mountain this morning and it said:

'forex is gambling not trading - best wishes and good luck - G'

I am using it to keep the table level

You can all see a jpg of it if you sent me 100 dollars in notes
Trading futures is gambling only when you trade them without full knowledge of what you are doing. There is a good measure of self-knowledge required to choose the proper course to follow if you want to become a trader. It has even been postulated that many small traders in the futures markets, without knowing it, secretly want to lose. They jump in with high hopes—but feeling vaguely guilty. Guilty over 'gambling' with the family's money, guilty over trying to get 'something for nothing,' or guilty over plunging in without really having done much research or analysis. Then they punish themselves, for these or other sins, by selling out, demoralized, at a loss.


A trader is gambling when he/she trades from ignorance. The gambler makes his trading decisions on gut feelings, hopes, dreams of getting rich quick, tips from the broker, “inside information” from friends, and from the improper understanding and use of indicators, oscillators, moving averages, and mechanical trading systems. In general, he is looking for a way to shortcut having to truly learn what is going on. Unfortunately, most people who attempt to trade fall into this category.


However, true trading is actually speculation (managed risk). The speculator is willing to accept the risk of price fluctuation in return for the greater leverage that comes with that risk in the hopes of earning a greater profit. The true speculator makes his trading decisions based on knowledge gathered from Information about the behavior of the underlying, seasonality, historical and current trends, chart analysis, fundamentals, the market dynamics, and knowledge of those who trade it.
Trading is 80% Emotional, 20% Technical
  • #69,374
  • Jun 5, 2008 2:44pm Jun 5, 2008 2:44pm
Sorry to here that Jamie glad to see you back mate.


Quoting AmeriTrini
I haven't been feeling very well, so I thought it was best not to trade as I wouldn't be able to devote all of my attention, I am much better now and ready to tame this market!!!...........
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,375
  • Jun 5, 2008 2:44pm Jun 5, 2008 2:44pm
Quoting tomaz55
now you understand why i went long at 9470? just locked in +40 and letting rest go to 9600
again quality trading
Trading is 80% Emotional, 20% Technical
  • #69,376
  • Jun 5, 2008 2:54pm Jun 5, 2008 2:54pm
That really was a nice 4 hr candle (pin) ive been so busy these last few days I couldnt post it at the time.
Attached Image (click to enlarge)
Click to Enlarge Name: 444444444hour.gif Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,377
  • Jun 5, 2008 3:03pm Jun 5, 2008 3:03pm
The other thing I had one eye on when that pin was formed was price approaching the the orange line on USDX at 73.89
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,378
  • Jun 5, 2008 3:03pm Jun 5, 2008 3:03pm
Quoting allserene
I think all those who's religion bans gambling are risking their immortal souls by doing forex

I found a stone tablet on the mountain this morning and it said:

'forex is gambling not trading - best wishes and good luck - G'

I am using it to keep the table level

You can all see a jpg of it if you sent me 100 dollars in notes
Stop poison people's minds here

I know where the problem

Your House
  • #69,379
  • Jun 5, 2008 3:04pm Jun 5, 2008 3:04pm
Quoting fx local
Trading futures is gambling only when you trade them without full knowledge of what you are doing. There is a good measure of self-knowledge required to choose the proper course to follow if you want to become a trader. It has even been postulated that many small traders in the futures markets, without knowing it, secretly want to lose. They jump in with high hopes—but feeling vaguely guilty. Guilty over 'gambling' with the family's money, guilty over trying to get 'something for nothing,' or guilty over plunging in without really having done much research or analysis. Then they punish themselves, for these or other sins, by selling out, demoralized, at a loss.


A trader is gambling when he/she trades from ignorance. The gambler makes his trading decisions on gut feelings, hopes, dreams of getting rich quick, tips from the broker, “inside information” from friends, and from the improper understanding and use of indicators, oscillators, moving averages, and mechanical trading systems. In general, he is looking for a way to shortcut having to truly learn what is going on. Unfortunately, most people who attempt to trade fall into this category.


However, true trading is actually speculation (managed risk). The speculator is willing to accept the risk of price fluctuation in return for the greater leverage that comes with that risk in the hopes of earning a greater profit. The true speculator makes his trading decisions based on knowledge gathered from Information about the behavior of the underlying, seasonality, historical and current trends, chart analysis, fundamentals, the market dynamics, and knowledge of those who trade it.
100% AGREED

I don't have any word to add. Bravooooooooooo Mr. FxLocal You go green.......
  • #69,380
  • Jun 5, 2008 3:14pm Jun 5, 2008 3:14pm
Quoting Bones
Sorry to here that Jamie glad to see you back mate.

Thanks Tone.................Im ready for this market now!!!
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