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Cable Update (GBPUSD)

  • #113,561
  • Jan 21, 2009 8:42am Jan 21, 2009 8:42am
Could head up to test 1.40 area here, way oversold.
  • #113,562
  • Jan 21, 2009 8:42am Jan 21, 2009 8:42am
Quoting Professor4x
just shorted gbp at 3807 stop 3827 traget 3777 quick swing trade
just lost 17 pips. too much divergence to hold in there so cut loss
  • #113,563
  • Jan 21, 2009 8:43am Jan 21, 2009 8:43am
Quoting Professor4x
you can read all about it and watch it live happen so everything is transparent. WE show our hand always so nothing left unsaid. Proof is in the eyes of beholder and it throws trading signals. FX Hybrid trading is going to be the investment choice of everyone going forward becasue we been making money for years this way and could care less about equites or economic downturns. Check it out. www.fxhybrid.com
Thanks all your info, that is good for me. That is very new for me.
The market is always right, but it is not never wrong!!!
  • #113,564
  • Jan 21, 2009 8:44am Jan 21, 2009 8:44am
well this has caught me out this move. i'll re-iterate what i said earlier before i get flamed. I do not like my positions now.
  • #113,565
  • Jan 21, 2009 8:44am Jan 21, 2009 8:44am
Quoting gammase1
This is bullshit, your model doesn't have to work. What happens if it is announced over the newswire that, for example, Barclays, HSBC, Lloyds and RBS have all admitted to being insolvent and not telling the truth about the extent of their losses relating to toxic assets, meaning they will all be nationalised at a gigantic cost to the UK government. What will happen to Cable? My guess is that we'd see a 1,500 pip fall, with no retrace seen for the initial 700 pips. How would your model cope with this eventuality? How does your math guarantee to...
please enough about system just go watch it and than tell me it doesnt work we have 2 million trading on it and it makes money so stop already. Do not need to continue this discussion because i am living it. Good Luck
  • #113,566
  • Jan 21, 2009 8:45am Jan 21, 2009 8:45am
Quoting Professor4x
just shorted gbp at 3807 stop 3827 traget 3777 quick swing trade
swing trade??
Patience + Discipline - Greed = Success
  • #113,567
  • Jan 21, 2009 8:45am Jan 21, 2009 8:45am
GBP could go up to 1.3865 and affer 1.3924 today
My target is 1.3880 only.
The market is always right, but it is not never wrong!!!
  • #113,568
  • Jan 21, 2009 8:47am Jan 21, 2009 8:47am
Quoting guardians
GBP could go up to 1.3865 and affer 1.3924 today
My target is 1.3880 only.
Agreed, but I believe it will see 1.3924 or higher.
  • #113,569
  • Jan 21, 2009 8:47am Jan 21, 2009 8:47am
Quoting Professor4x
please enough about system just go watch it and than tell me it doesnt work we have 2 million trading on it and it makes money so stop already. Do not need to continue this discussion because i am living it. Good Luck
sorry one more point. It's a hybrid so it means their is manual over ride feature to turn system off in a millisecond or adjust positions manually. GET IT!
  • #113,570
  • Jan 21, 2009 8:47am Jan 21, 2009 8:47am
Just a heads up. There is a large value $7B options expiry due to expire on the turn of the hour on USDJPY at 90.00. There is much speculation that the price will move down aggressively after this dragging cable and stocks with it. I will watch for it in the short squad as we are at the top of this TL in cable now too and hanging around a fib..
Ride the Bulls bearback!
  • #113,571
  • Jan 21, 2009 8:49am Jan 21, 2009 8:49am
Quoting Infinity
swing trade??
Swing trading uses higher leverage and uses short term swings for quicker entry and exits. Trend trading uses smaller leverage and targets wider targets. Swing hold positions for usually less than an hour or shorter term and trend trades usually hold positions much longer and have to tolerate wider trading range.
  • #113,572
  • Jan 21, 2009 8:50am Jan 21, 2009 8:50am
Quoting Infinity
swing trade??
very very micro swing man
  • #113,573
  • Jan 21, 2009 8:50am Jan 21, 2009 8:50am
Quoting alcando
Just a heads up. There is a large value $7B options expiry due to expire on the turn of the hour on USDJPY at 90.00. There is much speculation that the price will move down aggressively after this dragging cable and stocks with it. I will watch for it in the short squad as we are at the top of this TL in cable now too and hanging around a fib..
Hopefully it works whatever that is.
  • #113,574
  • Jan 21, 2009 8:51am Jan 21, 2009 8:51am
Quoting Professor4x
please enough about system just go watch it and than tell me it doesnt work we have 2 million trading on it and it makes money so stop already. Do not need to continue this discussion because i am living it. Good Luck
It'll be enough from me, so long as you don't keep saying it is a 100% system, because that is just dishonesty, or stupidity, on your part.

There needs to be constructive critique on these public forums, so that new traders hear both sides of the story, rather than a continuous slick sales pitch from a salesman who is unable to intelligently debate, or defend, the clear shortcomings inherently present. We have to question concepts in order for us to improve, learn and move forward as humans.

Good luck to you.
  • #113,575
  • Jan 21, 2009 8:51am Jan 21, 2009 8:51am
I didnt think swing trading had anything to do with leverage did it?
  • #113,576
  • Jan 21, 2009 8:51am Jan 21, 2009 8:51am
Quoting Professor4x
Swing trading uses higher leverage and uses short term swings for quicker entry and exits. Trend trading uses smaller leverage and targets wider targets. Swing hold positions for usually less than an hour or shorter term and trend trades usually hold positions much longer and have to tolerate wider trading range.
I hear ya proff..
Patience + Discipline - Greed = Success
  • #113,577
  • Jan 21, 2009 8:52am Jan 21, 2009 8:52am
Quoting alcando
Just a heads up. There is a large value $7B options expiry due to expire on the turn of the hour on USDJPY at 90.00. There is much speculation that the price will move down aggressively after this dragging cable and stocks with it. I will watch for it in the short squad as we are at the top of this TL in cable now too and hanging around a fib..
cool, thanx for the heads up!
  • #113,578
  • Jan 21, 2009 8:52am Jan 21, 2009 8:52am
Swing -Trader will identify session swings to take advantage of small movements during the trading session. Will target small profits numerous times rather than hold for directional breakouts which reduces exposure risk. Risk is always measured by the duration of investment, the shorter the term, the lower the risk, the lower the return
  • #113,579
  • Jan 21, 2009 8:54am Jan 21, 2009 8:54am
Trend -look for trend position targeting larger moves using daily Chart and simple moving averages. Implementing Stack or pyramid trades.
[FONT='times new roman', times, serif]A PYRAMID or STACK TRADE is a type of trend trade, while stacking at different break points, with 4:1 Leverage on entry, 2:1 Leverage on break point, and 1:1 Leverage, to create pyramid, while looking for a target. This trade requires good risk management, discipline, and patience, in order for market to hit target. It keeps your initial entry well below market, controlling your risk by adjusting stop to original entry which reduces risk on that position and strives to increase returns for next directional break within trend channel. This trade reduces your downside to a minimum due to partial entry while at the same time maximizing your return and rewarding you for correct trend identified[/font]
  • #113,580
  • Jan 21, 2009 8:54am Jan 21, 2009 8:54am
Quoting Professor4x
sorry one more point. It's a hybrid so it means their is manual over ride feature to turn system off in a millisecond or adjust positions manually. GET IT!
Okay, so it sometimes relies on arbitrary actions from a human operator? So, by definition, it cannot be 100% guaranteed, as all humans are flawed to some degree and susceptible to errors in judgements.

GET IT!
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