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Cable Update (GBPUSD)

  • #108,041
  • Dec 18, 2008 10:05am Dec 18, 2008 10:05am
Quoting mcfx
man its ezer said then done.. the past 3 years i lost an equivalent of two years of pay before i learned lol
wow and i thought i learnt the hard way, that is hardcore!!
  • #108,042
  • Dec 18, 2008 10:05am Dec 18, 2008 10:05am
Man!!!1 Talk about a missed opportunityThought about going long eurgbr just as cable came off violently,but was afraid euro might fall big too.Look where it is now!!
  • #108,043
  • Dec 18, 2008 10:06am Dec 18, 2008 10:06am
Quoting PipLand
I was reading this too

http://www.dailyfx.com/story/tophead...616477613.html
Are they consistently accurate?
Thanks for the link.
  • #108,044
  • Dec 18, 2008 10:08am Dec 18, 2008 10:08am
Quoting PipLand
wow and i thought i learnt the hard way, that is hardcore!!
stubborn.... and that is y i love them
  • #108,045
  • Dec 18, 2008 10:08am Dec 18, 2008 10:08am
Quoting ady27
Are they consistently accurate?
Thanks for the link.
no def not consistantly accurate, but normally indicate big moves like this one
  • #108,046
  • Dec 18, 2008 10:10am Dec 18, 2008 10:10am
I do my accounting in GBP so I can return to the elephant's graveyard to die one day - and the bank of england is looking after enough cash to buy me a house in an area not subject to sharia law, as I prefer to get stoned on Timothy Taylor's fine ales rather than with those little pebble things

I have lost a ton of money (USD) on the American stock market (most normal people have).

I changed the GBP into USD to buy American shares at 2.04

- but when I convert the USD share value I own today into GBP - I have actually made a profit in GBP !

surreal

If I ever return to Blighty to get 100% free health care and to cure my rain and traffic jam deprivation syndrome, then I hope cable stays where it is now...

However, if I go native and stay here in this barren, lifeless, rattlesnake infested desert in the U.S., I hope we see 2.000 again so I can bring the rest of the wad over here to give to the dentist/doctor/vet/corrupt local government

Talk about confusing !
  • #108,047
  • Dec 18, 2008 10:12am Dec 18, 2008 10:12am
Quoting gammase1
You have to learn for yourself, my friend.

We all learn far more from our losers than our winners, so how will you learn anything when you're unaware of someone's full rationale for entering a trade that is ultimately a losing one? Do not trade from calls given on this forum.
Thanks and thanks again. I will learn something...
  • #108,048
  • Dec 18, 2008 10:13am Dec 18, 2008 10:13am
Quoting ady27
Are they consistently accurate?
Thanks for the link.
Dude like EO and ALLsrne said youve got to make your own calls.Theyre right on the obvious ones,but youll get burnt if you follow them blindly.It taKES the caution out of the equation.Gives a false sense of security.Plus theyve made some pretty big gaffes

Do check out what they say but decide on your own.
  • #108,049
  • Dec 18, 2008 10:17am Dec 18, 2008 10:17am
Quoting Infinity
No... don't look for trade calls.. that won't help you and you will get burned... learn to analyse yourself and make decisions yourself... it's the only way...

sorry to hear about your expereince mate...
pm me and i will try to help.

Sorry if i gave wrong impression here..i cannot give advise as to when to buy/sel etc...but i can point u in the right direction to show where u can get help etc...some sites like the baby pis and others...list too long to post here and may not be appropriate xx
  • #108,050
  • Dec 18, 2008 10:19am Dec 18, 2008 10:19am
Quoting trader2160
Dude like EO and ALLsrne said youve got to make your own calls.Theyre right on the obvious ones,but youll get burnt if you follow them blindly.It taKES the caution out of the equation.Gives a false sense of security.Plus theyve made some pretty big gaffes

Do check out what they say but decide on your own.
Thanks for the advise.
I do my research everyday, never saw them before.

I thought they had the crystal ball I was looking for... yaaa sure
scary day even if you with the trend.
  • #108,051
  • Dec 18, 2008 10:20am Dec 18, 2008 10:20am
What method of Trading which is good? And where should I learn it?? Help Me friends...
  • #108,052
  • Dec 18, 2008 10:24am Dec 18, 2008 10:24am
Quoting ET-No
What method of Trading which is good? And where should I learn it?? Help Me friends...
Read from the start. No shortcuts this time
S & R basics

No Brainer Trades
http://www.forexfactory.com/showthre...86429&page=350
  • #108,053
  • Edited 10:25am Dec 18, 2008 10:25am | Edited 10:25am
Ohh... My account is decreasing...

I will be strong then, sure for it...
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  • #108,054
  • Dec 18, 2008 10:25am Dec 18, 2008 10:25am
Quoting ET-No
What method of Trading which is good? And where should I learn it?? Help Me friends...
As Infinity said, go to www.babypips.com and spend the next few weeks learning, learning and learning some more. You are asking for quick-fix solutions, and there are definitely none of those in FX. Spend time learning rather than on this forum, which will only serve as a distraction at this early stage of your trading.

Be aware that over 90% of retail traders will ultimately fail in forex. Always remember this, as it will remind you how crucial it is to become an expert in your style of trading.
  • #108,055
  • Dec 18, 2008 10:29am Dec 18, 2008 10:29am
looks like dollar profit taking
  • #108,056
  • Dec 18, 2008 10:30am Dec 18, 2008 10:30am
I will read everything from beginning starting by this thread. So, about 7000 pages. I need 1 week maybe
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  • #108,057
  • Dec 18, 2008 10:32am Dec 18, 2008 10:32am
Quoting ady27
Thanks for the advise.
I do my research everyday, never saw them before.

I thought they had the crystal ball I was looking for... yaaa sure
scary day even if you with the trend.
hehe a few months back I was short GBPJPY on their advice. it kept going higher.the guy kept inventing new trendlines to prove himself right.Glad I got out early.only 120 pips .It went up 750.
  • #108,058
  • Dec 18, 2008 10:32am Dec 18, 2008 10:32am
Quoting ET-No
I will read everything from beginning starting by this thread. So, about 7000 pages. I need 1 week maybe
No, stay off this thread for now, just concentrate on Babypips instead. You will learn far more there than wasting your time here.

Good luck!
  • #108,059
  • Dec 18, 2008 10:37am Dec 18, 2008 10:37am
Quoting ET-No
I will read everything from beginning starting by this thread. So, about 7000 pages. I need 1 week maybe
lol your be more confused than before you started if you do that!!
  • #108,060
  • Dec 18, 2008 10:38am Dec 18, 2008 10:38am
Quoting PipLand
looks like dollar profit taking
Covered short too soon.dont feel like jumping in now.What about you?
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