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Cable Update (GBPUSD)

  • #112,661
  • Jan 19, 2009 10:50am Jan 19, 2009 10:50am
Quoting blurrcow
1.4567 would be nice end to today...
That would make me b/e on the day so I would be quite happy
  • #112,662
  • Jan 19, 2009 10:50am Jan 19, 2009 10:50am
yeah but i cannot teach u guys how i trade but i could tell u guys fibs and pivots do not work!!! and same for the indicators, they do not work......is all about price.....think long term not scalping.....avoid scalping will lead u to success.....money management is another part but planning your trades properly is more important, u need to tell yourself why u entered this trade
  • #112,663
  • Jan 19, 2009 10:51am Jan 19, 2009 10:51am
Quoting asian_sg_guy
yeah but i cannot teach u guys how i trade but i could tell u guys fibs and pivots do not work!!! and same for the indicators, they do not work......is all about price.....think long term not scalping.....avoid scalping will lead u to success.....money management is another part but planning your trades properly is more important, u need to tell yourself why u entered this trade
then why u entered this trade? based on your experience or analysis?
  • #112,664
  • Jan 19, 2009 10:53am Jan 19, 2009 10:53am
131.50 break of gbp/jpy and gbp goes with her to break 4530
  • #112,665
  • Jan 19, 2009 10:53am Jan 19, 2009 10:53am
base on experience and knowledge of the market.

blurrcow: just watch and see!!! i am very confident on this that gu will rise no doubt
  • #112,666
  • Jan 19, 2009 10:53am Jan 19, 2009 10:53am
Quoting asian_sg_guy
base on experience and knowledge of the market.

blurrcow: just watch and see!!! i am very confident on this that gu will rise no doubt
What is your price?
Just digging in the trenches like everyone else!
  • #112,667
  • Jan 19, 2009 10:54am Jan 19, 2009 10:54am
Quoting asian_sg_guy
base on experience and knowledge of the market.

blurrcow: just watch and see!!! i am very confident on this that gu will rise no doubt
you said will rise, then till which point it will retrace? based on fibo?
  • #112,668
  • Jan 19, 2009 10:54am Jan 19, 2009 10:54am
1.4460 entry
  • #112,669
  • Jan 19, 2009 10:55am Jan 19, 2009 10:55am
Quoting asian_sg_guy
yeah but i cannot teach u guys how i trade but i could tell u guys fibs and pivots do not work!!! and same for the indicators, they do not work......is all about price.....think long term not scalping.....avoid scalping will lead u to success.....money management is another part but planning your trades properly is more important, u need to tell yourself why u entered this trade
Sounds good to me so far.... one look at the year's climb in 2007 or the long slide this year confirms that long trades work

BUT

It has to be a short so you receive interest - if you pay interest on a long then time is your enemy and will cripple your profit
  • #112,670
  • Jan 19, 2009 10:56am Jan 19, 2009 10:56am
did i not say fibs don't work? i don't use them...if it works for u then is fine....i do not use them, i exit base on price and i have a maximum target
  • #112,671
  • Jan 19, 2009 10:56am Jan 19, 2009 10:56am
Quoting asian_sg_guy
1.4460 entry
Close to mine at 4466, my SL is +3 atm. I wouldn't be surprised to see her come back down to the bottom today before heading back up. Either way, I'll trade how every she moves.
Just digging in the trenches like everyone else!
  • #112,672
  • Jan 19, 2009 10:59am Jan 19, 2009 10:59am
i already said, i will not let my profit turn into loss, and i will observe the price....i am trading $100 per pip by the way
  • #112,673
  • Jan 19, 2009 10:59am Jan 19, 2009 10:59am
Quoting allserene
Luckily for the credulous, I don't have a system to hawk on a free trial basis with a view to a future fleecing. I fly seat of the pants while watching basic techie set ups and moving averages and channels and then i blend in market sentiment. It's not an excel spreadsheet system for people with tired brains and has no formulas or fixed rules - it's basically winging it. I dont have a yacht or a penthouse suite made by forex money.

I have been a witness in a fraud trial of a guy who was going to get the French to launch his self designed satellite....
.... and now I'm proud of you (not that it should matter to you .. cause its the knowing in yourself that matters the most), takes a great person to stand for the vulnarable. Glad I made that post now, I would not have known then. Thanks for sharing.

BTW - i do read the humor in some of your post, no - not a negative personality, agreed.
  • #112,674
  • Jan 19, 2009 11:02am Jan 19, 2009 11:02am
the only thing i could tell u guys is that the price have many potential to go upside and there is a huge space up there, no blockage.....huge potential for this kinda trades, normally i don't lose in this kinda trades and i love to trade them
  • #112,675
  • Jan 19, 2009 11:04am Jan 19, 2009 11:04am
Why is it that 1.4540 seems to be such a problem to break
  • #112,676
  • Jan 19, 2009 11:08am Jan 19, 2009 11:08am
Quoting Chris_35
Why is it that 1.4540 seems to be such a problem to break
Because London and rest of Europe has finished for the day and it's a US holiday.
  • #112,677
  • Jan 19, 2009 11:08am Jan 19, 2009 11:08am
Quoting asian_sg_guy
the only thing i could tell u guys is that the price have many potential to go upside and there is a huge space up there, no blockage.....huge potential for this kinda trades, normally i don't lose in this kinda trades and i love to trade them
hey... my charts are starting to turn shortish... going short now... let's see
  • #112,678
  • Jan 19, 2009 11:09am Jan 19, 2009 11:09am
Quoting asian_sg_guy
the only thing i could tell u guys is that the price have many potential to go upside and there is a huge space up there, no blockage.....huge potential for this kinda trades, normally i don't lose in this kinda trades and i love to trade them
I am trying to stay with you - this is interesting - why do you say there is lots of room up there ? What makes you think it will go there, other than the fact it's been up there (2.14 or so)

It seems that total disaster is stalking the UK and the US in equal measure and the last one to get appalling news is getting hit. Today its the UK (RBS disaster) but later this week there will be a US disaster so I will agree a long for later this week.

But how have you decided the next x weeks ? I am interested to know as I have UK and US bank deposits and I need to hedge using forex
  • #112,679
  • Jan 19, 2009 11:10am Jan 19, 2009 11:10am
Quoting asian_sg_guy
the only thing i could tell u guys is that the price have many potential to go upside and there is a huge space up there, no blockage.....huge potential for this kinda trades, normally i don't lose in this kinda trades and i love to trade them
hope your experience and analysis will help some of us here
  • #112,680
  • Jan 19, 2009 11:10am Jan 19, 2009 11:10am
it will break just wait and see
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