Cable Update (GBPUSD)
Not everyone, Ameri.
Look at the long term charts I posted. We have no reason to think a drop well below 1.94 is gonna happen any time soon.
There is a bunch of people here trying to milk out 10 or 50 pips in a ranging market with crazy whipsaws, that will likely continue for another haldf a year or so. They are probably overtrading, probably overleveraging (when you have market conditions calling for a reduction of risk) and my guess is the vast majority of them will be losing a lot of money trying to make directional bets, especially if countertrend
Look at the posts . Every 2 mins there's a post like "I think it'd going up, anyone with me?" (as if the more they are "with you" the more likely it is he got the right trade!)
then 2 mins later "Up it goes, 19 pips profit banked" (!!)
then 2 mins later some adrenaline freak who expects to get trendy 100-pip moves every day goes: "woo, this pair has no direction today. I am getting angry..."
(no sh*t! We are in a consolidation period for half a year now, of course it has no direction)
I may be blind, but I fail to see what informational value all these offer to a trader
hi there
if u r a long term trader thats fine u can play it like this and wait months doing nothing but waiting a long swing
but u have to respect that there is trader who trade on 15 min chart and be sure if u calculate ur rofit at the end u will find that they r more profitable than u , well everyone has his own style , .. just respect
Agree. Long term trading is fun, but not very profitable for me. Better buy at low and sell at high.. So GU going up, who's with me?
am with u @ 711 lol and waiting the 840 hope so
Not everyone, Ameri.
Look at the long term charts I posted. We have no reason to think a drop well below 1.94 is gonna happen any time soon.
There is a bunch of people here trying to milk out 10 or 50 pips in a ranging market with crazy whipsaws, that will likely continue for another haldf a year or so. They are probably overtrading, probably overleveraging (when you have market conditions calling for a reduction of risk) and my guess is the vast majority of them will be losing a lot of money trying to make directional bets, especially if countertrend
Look at the posts . Every 2 mins there's a post like "I think it'd going up, anyone with me?" (as if the more they are "with you" the more likely it is he got the right trade!)
then 2 mins later "Up it goes, 19 pips profit banked" (!!)
then 2 mins later some adrenaline freak who expects to get trendy 100-pip moves every day goes: "woo, this pair has no direction today. I am getting angry..."
(no sh*t! We are in a consolidation period for half a year now, of course it has no direction)
I may be blind, but I fail to see what informational value all these offer to a trader
Agree. Long term trading is fun, but not very profitable for me. Better buy at low and sell at high.. So GU going up, who's with me?
Very few are traders, most are gamblers, they are the ones that will get burnt. Every gambler does, its just a matter of time!!!.
