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Cable Update (GBPUSD)

  • #82,801
  • Aug 18, 2008 10:30am Aug 18, 2008 10:30am
Quoting allserene
yabba shili penistin gobof arkid !

happy Monday

should be lots happening this week -looking forward to it

How would a global nuclear war affect cable ?
huge flight to quality, GOLD would be the one to buy.... fiat paper currencies would lose out since there is no real value in them!!
Trading is 80% Emotional, 20% Technical
  • #82,802
  • Aug 18, 2008 10:35am Aug 18, 2008 10:35am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
THE outlook for GBPUSD is very very very bearish. it will go down to 1.7 long term
lol
  • #82,803
  • Aug 18, 2008 10:41am Aug 18, 2008 10:41am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
cable will be weakest major in 2009! short it and enhoy everlasting profits
lol
  • #82,804
  • Aug 18, 2008 10:57am Aug 18, 2008 10:57am
Quoting fx local
huge flight to quality, GOLD would be the one to buy.... fiat paper currencies would lose out since there is no real value in them!!
yo fx

only 6 more days to Sunday - something to look forward to.

So you predict Gold and frankincence and myrhh

Well at least I can spell 'gold' so I would prefer that one

I hope a full nuclear exchange will not affect my broker's servers
  • #82,805
  • Aug 18, 2008 11:39am Aug 18, 2008 11:39am
look like we hardily move the whole day....
  • #82,806
  • Aug 18, 2008 11:49am Aug 18, 2008 11:49am
yes boring stuff

i will chase whichever way it breaks
  • #82,807
  • Aug 18, 2008 12:15pm Aug 18, 2008 12:15pm
Quoting allserene
yes boring stuff

i will chase whichever way it breaks
looks like the days of making money in forex is becoming increasingly difficult...
  • #82,808
  • Aug 18, 2008 12:29pm Aug 18, 2008 12:29pm
Well we are supposed to be following trends - now is the trend up or down - is what is happening a blip or the start of dollar recovery ?

If it's the latter, we just short cable up spikes, sit back and take the profit (over an x week period!)

This is what people did on cable longs for more than 2 years
  • #82,809
  • Aug 18, 2008 12:46pm Aug 18, 2008 12:46pm
Quoting allserene
Well we are supposed to be following trends - now is the trend up or down - is what is happening a blip or the start of dollar recovery ?

If it's the latter, we just short cable up spikes, sit back and take the profit (over an x week period!)

This is what people did on cable longs for more than 2 years
i havent been in the market since i lost...i think im actually losing interest..seems to be another way to lose money for me quickier..
  • #82,810
  • Aug 18, 2008 12:50pm Aug 18, 2008 12:50pm
Quoting Ghadeer
3adi jeddan, I can tell u worse !
lol tell me worse tell me
When life gives you lemons, make lemonade
  • #82,811
  • Aug 18, 2008 12:51pm Aug 18, 2008 12:51pm
Quoting nAVIN2007
i havent been in the market since i lost...i think im actually losing interest..seems to be another way to lose money for me quickier..
Don't get down! August is a f*(k*d up month! Demo and grab a book until we get into September.
Just digging in the trenches like everyone else!
  • #82,812
  • Aug 18, 2008 12:54pm Aug 18, 2008 12:54pm
Quoting eohater
Don't get down! August is a f*(k*d up month! Demo and grab a book until we get into September.
lol broooo
u r the one who asked me about august in the first week of this month hahahaha
august sucks!!! but i will kick its ass before it finishes

i willlllllllllllllllllllllll
When life gives you lemons, make lemonade
  • #82,813
  • Aug 18, 2008 12:59pm Aug 18, 2008 12:59pm
Nice diamond on 1hr. Lets see if it plays out. TWT
Attached Image (click to enlarge)
Click to Enlarge Name: cable_h1_diamond.jpg Size: 72 KB
  • #82,814
  • Edited 1:12pm Aug 18, 2008 1:02pm | Edited 1:12pm
Quoting nAVIN2007
i havent been in the market since i lost...i think im actually losing interest..seems to be another way to lose money for me quickier..
I was like that when i lost big

You will get back in on a tiny scale and start scalping and start winning and you will be very careful

Then you will refinance your account and stay with very small positions and gently try a few trades which will start to work

Then you will relax again and lose again

Thats the way it goes and the moral of the story is to really concentrate and wait for the right entry point which should not be opposite to the trend unless its small and you are just playing for a bounce but not with conviction

Playing for a bounce against the trend with big positions is fatal

I haven't found the way to make big money yet but my losses, when they occur, are no longer wipeouts
  • #82,815
  • Aug 18, 2008 1:02pm Aug 18, 2008 1:02pm
Quoting micho
lol broooo
u r the one who asked me about august in the first week of this month hahahaha
august sucks!!! but i will kick its ass before it finishes

i willlllllllllllllllllllllll
I know bro, I didn't want to be the one to say I told you so. Don't worry, I've lost my ass this month along with everyone else. I'm making it back though.

Currently short from 1.8690 with profit locked in.
Just digging in the trenches like everyone else!
  • #82,816
  • Aug 18, 2008 1:11pm Aug 18, 2008 1:11pm
Quoting allserene
I was like that when i lost big

You will get back in on a tiny scale and start scalping and start winning and you will be very careful

Then you will refinace your account and stay with very small positions and gently try a few trades which will start to work

Then you will relax again and lose again

Thats the way it goes and the moral of the story is to really concentrate and wait for the right entry point which should not be opposite to the trend unless its small and you are just playing for a bounce but not with conviction

Playing for a bounce against the trend with big positions is fatal

I haven't found the way to make big money yet but my losses, when they occur, are no longer wipeouts
yes i see this pattern reoccurring....my trading too.....lets see what happens in remainder of month..
i made a loss way back and i actually concentrated very hard and it was working and then got comfortable and wham ...cable licked me for six!..
  • #82,817
  • Aug 18, 2008 1:12pm Aug 18, 2008 1:12pm
Quoting eohater
Don't get down! August is a f*(k*d up month! Demo and grab a book until we get into September.
i hear u bro ...actually this is what im doing, just chilling waiting for this month to end or to see a trend and a position to enter...
  • #82,818
  • Aug 18, 2008 1:15pm Aug 18, 2008 1:15pm
Quoting eohater
I know bro, I didn't want to be the one to say I told you so. Don't worry, I've lost my ass this month along with everyone else. I'm making it back though.

Currently short from 1.8690 with profit locked in.
you know i didnt lose because i followed my system!! i lost because i didnt follow my system, i made manual interferences to the ea and i had alot of bad luck stuff that happened. its really really very unlucky... all sorts of stuff lol

not to forget also that the results were supposed to be mildly negative to null using the system... but i lost big because of me and very very bad luck

anyway, looking forward to climb back up
wish everyone good luck
When life gives you lemons, make lemonade
  • #82,819
  • Aug 18, 2008 1:42pm Aug 18, 2008 1:42pm
Quoting eohater
...Currently short from 1.8690 with profit locked in.
Short just closed out at 1.8658. Time to go long? I've been up and down this bitch all day like this and it can't last forever.
Just digging in the trenches like everyone else!
  • #82,820
  • Aug 18, 2008 1:45pm Aug 18, 2008 1:45pm
Quoting eohater
Short just closed out at 1.8658. Time to go long? I've been up and down this bitch all day like this and it can't last forever.
im waiting for my long signal.
Keep It Simple Stupid
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