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Cable Update (GBPUSD)

  • #84,641
  • Aug 28, 2008 11:44am Aug 28, 2008 11:44am
Quoting fx local
for some strange reason people love pissing against the wind, TREND IS DOWN, selling is easy money! come on why in the world are pple bottom fishing? ! picking tops and bottoms fast way to blow account...
This is my first post to this forum. And I am wondering if I am missing something here. I am a trend follower, not really a scalper or day trader, although I DO do that occasionally and have nothing against it.

It seems to me, from any cursory look at the charts, that the GBP/USD is in a pretty strong down trend. I know there are technicals, and other analyses that may say she is due for a huge correction/reversal. But basically this is a classic down trend, am I wrong??

If I am right, why is there so much guessing, frustration, etc. around this pair? I myself am spooked...and almost sold on the high yesterday but didn't...much to my disappointment. I see you can make a few countertrend pips on these little rallies, but is there some secret I am missing that says going short is a wrong move? Especially after she has rallied a bit? I was taught to sell the rallies on a downtrend....???

I am sincerely wondering if my thinking is in error here. Please inform me!!

Thanks!!
  • #84,642
  • Aug 28, 2008 11:45am Aug 28, 2008 11:45am
Quoting steelhead
Im done. I dont need to get into a shouting match with a small retail trader. I promise you I know what I am doing. I have traded the pound to the long side several times over the last few weeks and made 100+ pips everytime.

You go ahead and keep scalping those 10 pips fxlocal noble work you are doing.
thank you! ur just a big boy player sorry i forgot! ur funny! give u that if anything! the 100+ pips are easier on the downside ill think ull find with the trend!

gud luck with ur trading
Trading is 80% Emotional, 20% Technical
  • #84,643
  • Aug 28, 2008 11:46am Aug 28, 2008 11:46am
Do you need a drink or anything? its going to be a long day scalping those ten pips every half an hour.


I can get you a glue gun for your seat. I am willing to help fxlocal sitting in front of computer all day is taxing.


Can someone get some room service over here!!!
  • #84,644
  • Aug 28, 2008 11:49am Aug 28, 2008 11:49am
Quoting steelhead
Do you need a drink or anything? its going to be a long day scalping those ten pips every half an hour.


I can get you a glue gun for your seat. I am willing to help fxlocal sitting in front of computer all day is taxing.


Can someone get some room service over here!!!
ur just a funny guy!
Trading is 80% Emotional, 20% Technical
  • #84,645
  • Aug 28, 2008 11:49am Aug 28, 2008 11:49am
Quoting steelhead
Im done. I dont need to get into a shouting match with a small retail trader. I promise you I know what I am doing. I have traded the pound to the long side several times over the last few weeks and made 100+ pips everytime.

You go ahead and keep scalping those 10 pips fxlocal noble work you are doing.
believe bro..fxlocal really is a fantastic trader and got experience as a professional trader, if u looking for a pro..he is one.....he definately know his shit!.....but anyways lets hope we can all make cash ...

this to me is black august...
  • #84,646
  • Aug 28, 2008 11:51am Aug 28, 2008 11:51am
Quoting fx local
ur just a funny guy!
Whose chest sticks out further?
  • #84,647
  • Aug 28, 2008 11:51am Aug 28, 2008 11:51am
Quoting fx local
ur just a funny guy!

isn't he just too funy and the name really suits him, his head is made of STEEL!!!..........
  • #84,648
  • Aug 28, 2008 11:52am Aug 28, 2008 11:52am
Quoting nAVIN2007
believe bro..fxlocal really is a fantastic trader and got experience as a professional trader, if u looking for a pro..he is one.....he definately know his shit!.....but anyways lets hope we can all make cash ...

this to me is black august...

I think both long and short are ways to make profit .. depending wad's the time frame looking at..

the trend looks like 100 pips up , then 200 pips down.

So.. well.. calm down..
  • #84,649
  • Aug 28, 2008 11:52am Aug 28, 2008 11:52am
Quoting pipsquito
This is my first post to this forum. And I am wondering if I am missing something here. I am a trend follower, not really a scalper or day trader, although I DO do that occasionally and have nothing against it.

It seems to me, from any cursory look at the charts, that the GBP/USD is in a pretty strong down trend. I know there are technicals, and other analyses that may say she is due for a huge correction/reversal. But basically this is a classic down trend, am I wrong??

If I am right, why is there so much guessing, frustration, etc. around this pair? I myself am spooked...and almost sold on the high yesterday but didn't...much to my disappointment. I see you can make a few countertrend pips on these little rallies, but is there some secret I am missing that says going short is a wrong move? Especially after she has rallied a bit? I was taught to sell the rallies on a downtrend....???

I am sincerely wondering if my thinking is in error here. Please inform me!!

Thanks!!
Yes you are right as long as you can take the heat when it goes back up 500 pips during an inter-glacial period

There's the rub

What has happened in the last few days makes it look easy - it isn't
  • #84,650
  • Aug 28, 2008 11:52am Aug 28, 2008 11:52am
Quoting nAVIN2007
believe bro..fxlocal really is a fantastic trader and got experience as a professional trader, if u looking for a pro..he is one.....he definately know his shit!.....but anyways lets hope we can all make cash ...

this to me is black august...
Oh..I didnt know fxlocal was a professional trader. Could you call every one of your trades out for us in real time fxlocal? Us noobs would love that.
  • #84,651
  • Aug 28, 2008 11:57am Aug 28, 2008 11:57am
Quoting nAVIN2007
believe bro..fxlocal really is a fantastic trader and got experience as a professional trader, if u looking for a pro..he is one.....he definately know his shit!.....but anyways lets hope we can all make cash ...

this to me is black august...
thanks Nav, but I always think of myself a newbie, and I learn new things everyday.

Never think you're a master, never as karmostaji says
Trading is 80% Emotional, 20% Technical
  • #84,652
  • Aug 28, 2008 11:58am Aug 28, 2008 11:58am
Quoting PipChick
Oh..I didnt know fxlocal was a professional trader. Could you call every one of your trades out for us in real time fxlocal? Us noobs would love that.
the guy is modest and humble and application to trading is second to none..i really not surprised he is killing it!!....and the great thing is ud never know..that is what is so great about him...
  • #84,653
  • Aug 28, 2008 12:03pm Aug 28, 2008 12:03pm
Quoting onsfx
Yes Pro that would be great, but u gotta post every trade
Yes, we would love to have every trade with a stop loss and a tp.
  • #84,654
  • Aug 28, 2008 12:05pm Aug 28, 2008 12:05pm
Quoting AmeriTrini
isn't he just too funy and the name really suits him, his head is made of STEEL!!!..........

Just so you know steelhead stands for my favorite fish. I have a place in alaska on the worlds best steelhead river. I will invite you up ameritrini, just one thing though the don't have cell service up there. that means you won't be able to check your 15 pip scalps every two minutes.


heaven forbid you might actually have to let one run.


Later
  • #84,655
  • Aug 28, 2008 12:06pm Aug 28, 2008 12:06pm
Quoting PipChick
Yes, we would love to have every trade with a stop loss and a tp.
i will give u one sell @2.0 TP 1.7 SL 2.04

  • #84,656
  • Aug 28, 2008 12:09pm Aug 28, 2008 12:09pm
Quoting nAVIN2007
i will give u one sell @2.0 TP 1.7 SL 2.04

LOLOL..YIPPIE!!!!!
  • #84,657
  • Aug 28, 2008 12:11pm Aug 28, 2008 12:11pm
Quoting PipChick
Oh..I didnt know fxlocal was a professional trader. Could you call every one of your trades out for us in real time fxlocal? Us noobs would love that.
You would have to be nice to fxlocal first
  • #84,658
  • Aug 28, 2008 12:11pm Aug 28, 2008 12:11pm
Why is the thread becoming a competition???
I think if you guys want trade calls you should go pay for a service, just be carefull of scammers.....

Please let us concentrate on what the thread was intended for.....ANALYSIS...

Also..... if a guy wants to give away his money, it is his own so to do, isn't it?? ......I'll take some
Patience + Discipline - Greed = Success
  • #84,659
  • Aug 28, 2008 12:12pm Aug 28, 2008 12:12pm
Quoting PipChick
Oh..I didnt know fxlocal was a professional trader. Could you call every one of your trades out for us in real time fxlocal? Us noobs would love that.
im no pro guys far from it!! ijust trade what i see go with the trend! its not hard u just have to make it easy for urself and go with it. have a good strategy adjust it for good and bad times, have specific risk plans and make sure it dont create any internal conflict.
Trading is 80% Emotional, 20% Technical
  • #84,660
  • Aug 28, 2008 12:13pm Aug 28, 2008 12:13pm
Quoting Infinity
Why is the thread becoming a competition???
I think if you guys want trade calls you should go pay for a service, just be carefull of scammers.....

Please let us concentrate on what the thread was intended for.....ANALYSIS...

Also..... if a guy wants to give away his money, it is his own so to do, isn't it?? ......I'll take some
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