Cable Update (GBPUSD)

Quoting steelhead

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It not time to trade. trading starts in a few hours no trade now. Big moves come later wait for them. Be patient sit in the grass like a lion wait for right time then pounce.

It really isn't that hard is it? Some could really use a lesson on times to trade. Would really help

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Quoting Infinity

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This was a good trade..

I don't know the reasoning behind you taking the trade but I had an order at 40 which was the 62ema on the 1h chart. It was closed for 40 pips...

For all who don't use the 62ema on the 1h chart, you are missing out on a lot of easy pips....

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Quoting Infinity

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Trade when you feel like steelhead.... don't tell me when to trade, I don't give a damn when you trade.. I trade setups when I see them and I trade this session for many pips many times....

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Quoting capt. ok

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how do u use the 62ema on the 1 hr chart?

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Quoting Obaidah

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you wait the price to test the line as a resistance, thats your plan?

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Quoting Infinity

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It is not the holy grail by any means, but it acts as support/resistance. When in a downtrend, it is a good place to short a retracement and the opposite is true. It works more often than not and it is simple.

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Quoting steelhead

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Man I really would like to blast that post, but must be sensative to almighty senior member. Wouldn't want to have senior member temporalily suspend me for some lame reason.

Boy if I only had free speach on this forum how would that be.

One thing I want to be clear about senior member I don't give a hoot either. Do what you want.

Its your money, but you might as well send the check in the mail. I can give you the address.

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Quoting steelhead

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Man I really would like to blast that post, but must be sensative to almighty senior member. Wouldn't want to have senior member temporalily suspend me for some lame reason.

Boy if I only had free speach on this forum how would that be.

One thing I want to be clear about senior member I don't give a hoot either. Do what you want.

Its your money, but you might as well send the check in the mail. I can give you the address.

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Quoting capt. ok

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thanks infinity--I just recently became aware of using ma's as support/resist.
it seems like simple works ,does'nt it?

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Quoting steelhead

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don't tell me when to trade, I don't give a damn when you trade


I was simply responding to the above statement. call it arguing if you want. Make no mistake though you have plenty of time.

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Quoting eohater

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this is why the market is open 24 hours/day......trade when you want

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Quoting steelhead

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Will do my friend. Don't know how much more of this forum I can take.

I am going to try and ween myself of it. It doesnt help my trading and just makes me laugh.


Memo to self stop posting and waisting time

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Quoting eohater

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If the forum doesn't help you, then by all means stop coming.

There's a couple of different ways this forum works. One: Entertainment and release of the stress and loneliness of trading. It's very lonely, my wife doesn't even want to talk about it. Two: To pass on some knowledge, ideas about the market and let the other members/guest take it for what it's worth.

So, I pose to you, come and enjoy the entertainment, trade your style, post your trade set ups and what you see, and not battle with the other members. Remember, there's more than one way to filet a fish. You have called some nice moves, but you haven't posted the set up and explained what your looking for very much. I saw a nice long entry 7 hours ago and you did not....hmmmmm

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Quoting Infinity

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I think a break of the inside bar on the daily will be telling....

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Quoting NuckingFuts

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My bold prediction.

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Quoting Ritz

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you mean long or short?

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Quoting Infinity

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4h starting to look strong....

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Quoting gammase1

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As I have said previously you are without doubt the best retro trader on this forum, seeing as you claim to have made money on the longside when cable has dropped, near vertically, 2400 pips in a month.

I love the posts "i'm thinking of taking a long", then nothing for many hours until you claim to be long at level, which is conveniently already deep in-the-money. Do you retrospectively post losing trades, or is it just the winners you place on here? Or do you only have winning trades?

I simply find your claim to fully understand this market to be totally disingenuous. I have worked in financial markets for 15 years, with most of that time spent at a major house sitting alongside some of the best technical and fundamental guys in the business, none of whom would ever make such a claim about any asset class, particularly FX. And from what I have seen of your analysis and thoughts on here, these guys are in such a different league to you. The very best anyone can hope for is to excel at either a fundamental or technical approach to the market, so to move the odds slightly in our favour.

I mean no disrespect to the many good posters, some of whom I would class as excellent traders, who contribute to this forum. It's just your retro-trading style, coupled with your ridiculous claim to understand the market, that irks me.

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