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Cable Update (GBPUSD)

  • #150,021
  • Jul 23, 2009 8:10am Jul 23, 2009 8:10am
Quoting urutu
man......watching you pros each with your very own arguement and the way the market move, makes newbie like me feeling like peeing in my pants........
who stops u from doing it
  • #150,022
  • Jul 23, 2009 8:10am Jul 23, 2009 8:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
The problem here is:

If the news is bad for US, it's bad for everyone. Why?

1. If US people going out of job, who will be buying mrc's, bmw's or any other product from eu or elsewhere, and why would anyone invest in the US.

2. With news, immediate reaction comes into play when US guys (and they are financially bigger then any other country we all know) start selling overseas securities i.e. one bought in UK or eu or elsewhere. Hence dollar goes up because selling is done in their local currencies and buying is in dollar.



ams



Quoting Turveyd
Nope never made any sense or ever will, surely bad news is bad news so bad for DOW and USD.

That's why I don't read the news, merely trade the reaction, not a economist to understand the impact of the news so why bother to try.
  • #150,023
  • Jul 23, 2009 8:10am Jul 23, 2009 8:10am
Quoting urutu
man......watching you pros each with your very own arguement and the way the market move, makes newbie like me feeling like peeing in my pants........
lol, there are no pro here, I can assure you.
You can use the toilet now buddy
Thank You
  • #150,024
  • Jul 23, 2009 8:11am Jul 23, 2009 8:11am
Quoting Nene
See you guys at 1.6300
I'll see you there bro, it will happen i'm sure. If not today, maybe tomorrow, if not still maybe next week. It's UP and DOWN, just that.

kidding bro ...
  • #150,025
  • Jul 23, 2009 8:11am Jul 23, 2009 8:11am
Quoting tg.idris
hello..u all look very profesional trader.. i am newin forex..how can i know how to buy and sell??
toss a coin, heads buy, tails sell
  • #150,026
  • Jul 23, 2009 8:12am Jul 23, 2009 8:12am
Quoting tg.idris
hello..u all look very profesional trader.. i am newin forex..how can i know how to buy and sell??
Easy .. just pay attention to "grashid", if he buys or sells, u just follow. But don't follow 'forexlion" ..

j/k
  • #150,027
  • Jul 23, 2009 8:13am Jul 23, 2009 8:13am
Quoting forexlion
toss a coin, heads buy, tails sell
lol....i really dont know
  • #150,028
  • Jul 23, 2009 8:13am Jul 23, 2009 8:13am
Quoting forexlion
who stops u from doing it
G...........
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #150,029
  • Jul 23, 2009 8:14am Jul 23, 2009 8:14am
Quoting mktjong
Easy .. just pay attention to "grashid", if he buys or sells, u just follow. But don't follow 'forexlion" ..

j/k
  • #150,030
  • Jul 23, 2009 8:14am Jul 23, 2009 8:14am
Quoting tg.idris
hello..u all look very profesional trader.. i am newin forex..how can i know how to buy and sell??
and learn from someboday here....Good luck

http://www.babypips.com/
  • #150,031
  • Jul 23, 2009 8:14am Jul 23, 2009 8:14am
Quoting forexlion
toss a coin, heads buy, tails sell
Don't mock it, it works and out performs Newbie's who constantly try to pick tops and bottoms and run @80% losers because of it.

How you manage the trade when in play is key though, it it's moving against exit, if with let it run!!

Easy as!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #150,032
  • Jul 23, 2009 8:14am Jul 23, 2009 8:14am
Quoting tg.idris
hello..u all look very profesional trader.. i am newin forex..how can i know how to buy and sell??
Try babypips.com for a start
  • #150,033
  • Jul 23, 2009 8:15am Jul 23, 2009 8:15am
Quoting tg.idris
hello..u all look very profesional trader.. i am newin forex..how can i know how to buy and sell??
Easy bro.. when Forexlion, wormboy and grashid say SELL.. you sell if BUY u buy.. if 3 of them not in the same line.. dont trade.. ok? hahahah..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #150,034
  • Jul 23, 2009 8:15am Jul 23, 2009 8:15am
Quoting grashid
and learn from someboday here....Good luck

http://www.babypips.com/
..ok thanks..ur name is rashid? malaysian??your name like rashid sidek
  • #150,035
  • Jul 23, 2009 8:15am Jul 23, 2009 8:15am
Can't wait to post my weeks trades. it's been amazing week.

only news left is GDP tomorrow right?
  • #150,036
  • Jul 23, 2009 8:17am Jul 23, 2009 8:17am
Quoting Yngwie
Easy bro.. when Forexlion, wormboy and grashid say SELL.. you sell if BUY u buy.. if 3 of them not in the same line.. dont trade.. ok? hahahah..
NEVER

advise someone to follow, instead tich them to trade
  • #150,037
  • Jul 23, 2009 8:18am Jul 23, 2009 8:18am
Quoting KillPhil08
I'm thinking long 16450 and target 16476.

Got out with an extra 10 pips when it blasted my target. love it when that happens.

Ofcourse. If it reaches 16476 first my target will be 16450!
Coverred shorts, reload shorts on a pulback.
Make sure losses are small and profits are bigger!
  • #150,038
  • Jul 23, 2009 8:19am Jul 23, 2009 8:19am
Quoting mktjong
Easy .. just pay attention to "grashid", if he buys or sells, u just follow. But don't follow 'forexlion" ..

j/k
....anyway yes u r right..Gold H4 too....
Attached Image
  • #150,039
  • Jul 23, 2009 8:20am Jul 23, 2009 8:20am
OK This one is better . Please do comments and corrections
Attached Image (click to enlarge)
Click to Enlarge Name: gbp daily.gif Size: 12 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #150,040
  • Jul 23, 2009 8:20am Jul 23, 2009 8:20am
Quoting 2be
Coverred shorts, reload shorts on a pulback.
Hi five!

Anyone get in at 16520 .
312 traders viewing now, 5 are registered:
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