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Cable Update (GBPUSD)

  • #153,521
  • Jul 31, 2009 3:58am Jul 31, 2009 3:58am
Quoting zykas
Yes shot them, kill them, send your ICBM to them ...They must fall.hehe
they fall to 6400, it's not a request, that's an order!
ROBOT FOREX
  • #153,522
  • Jul 31, 2009 4:00am Jul 31, 2009 4:00am
Quoting stewrigh
Chris,

There is another cable thread on FF started by Eohater and called - 'Trade what you see, not what you expect'

Everone on here seems to be 'expecting' price to drop so they are short.

Yeah sometimes you'll get lucky but thats no way to trade IMHO.

Exactly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #153,523
  • Jul 31, 2009 4:00am Jul 31, 2009 4:00am
Quoting stewrigh
Chris,

There is another cable thread on FF started by Eohater and called - 'Trade what you see, not what you expect'

Everone on here seems to be 'expecting' price to drop so they are short.

Yeah sometimes you'll get lucky but thats no way to trade IMHO.

Read my last post buddy. I AGREE with you about not trying to predict...

The short I'm holding was from yesterday morning.
Ghost Rider - WWTBMD?
  • #153,524
  • Jul 31, 2009 4:01am Jul 31, 2009 4:01am
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting Forbes55
they fall to 6400, it's not a request, that's an order!
I like the Big Dogs because I trade like them
  • #153,525
  • Jul 31, 2009 4:04am Jul 31, 2009 4:04am
I really need to master scalping. 20 pips 5 times a day!
Great Bodies are Engineered not Born
  • #153,526
  • Jul 31, 2009 4:05am Jul 31, 2009 4:05am
Quoting zykas
If the rhetoric on this thread could move the market w'd be at 1.6 already lol.
  • #153,527
  • Jul 31, 2009 4:06am Jul 31, 2009 4:06am
Quoting albchr
Easy guy...LOL..no need to yell. I still see volume going up and price coming down or hovering. Something in the air stinks here that's all I know....lol
They think I'm guessing the market, trying to pick tops and bottoms....

That is why I Think 1.6570 may hold as the majors in sell mode
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #153,528
  • Jul 31, 2009 4:07am Jul 31, 2009 4:07am
Quoting stewrigh
If the rhetoric on this thread could move the market w'd be at 1.6 already lol.

Actually, I think it can which is why it ain't moving at all...LOL

Pretty evenly split in here if you ask me.
Ghost Rider - WWTBMD?
  • #153,529
  • Jul 31, 2009 4:07am Jul 31, 2009 4:07am
Here's what I see . A close above 1.6584 and we could test 1.6746 area by early next week.

A close below 1.6475 would make 1.6360 a realistic target.

May all your pips be +
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  • #153,530
  • Jul 31, 2009 4:08am Jul 31, 2009 4:08am
Quoting albchr
Read my last post buddy. I AGREE with you about not trying to predict...

The short I'm holding was from yesterday morning.

Dude simple rules :-


1. DO NOT HOLD AGAINST THE TREND.
2. IF THE TREND CHANGES EXIT REGARDLESS OF AT A PROFIT OR LOSS.
3. AS LONG AS THE TREND IS WITH YOU HOLD ON TIGHT.

Got to get over your fear of taking losers, yes they might occasionally turn around, but in the mean time your wasting time lots of it and your also wasting money.

2 Things neither of us have got time to waste.



Beating the market really doesn't get simpler than that.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #153,531
  • Jul 31, 2009 4:08am Jul 31, 2009 4:08am
Quoting stewrigh
If the rhetoric on this thread could move the market w'd be at 1.6 already lol.
if Wall Street listen my speech, we will be already at 6400 level yeasterday
ROBOT FOREX
  • #153,532
  • Jul 31, 2009 4:09am Jul 31, 2009 4:09am
Quoting Turveyd
seriously people stop trying to pick tops and bottoms, the intraday trend is strong these days tops and bottoms are suicidal!!!



hmmmm........
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  • #153,533
  • Jul 31, 2009 4:11am Jul 31, 2009 4:11am
Quoting Bull_Bear
They think I'm guessing the market, trying to pick tops and bottoms....

That is why I Think 1.6570 may hold as the majors in sell mode
....yep, and again, I see bigger and bigger volume and still no moves. If this were buyers, surely this "bull" move would be taking off...no?
Ghost Rider - WWTBMD?
  • #153,534
  • Jul 31, 2009 4:11am Jul 31, 2009 4:11am
Quoting albchr
Actually, I think it can which is why it ain't moving at all...LOL

Pretty evenly split in here if you ask me.

Ofcourse it's 50/50 in here on the direction, most are running on the basis that it's gone up so it must go down, this simple idea puts you against the trend and loses 80% of the time, unless your SL is big enough wait patiently for a few days to make 20pips.

Being -200pips on a trade and holding till you can hopefully take 20pips profit, is not trading!!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #153,535
  • Jul 31, 2009 4:11am Jul 31, 2009 4:11am
Quoting liquidmoment
Here's what I see . A close above 1.6584 and we could test 1.6746 area by early next week.

A close below 1.6475 would make 1.6360 a realistic target.

May all your pips be +

  • #153,536
  • Jul 31, 2009 4:15am Jul 31, 2009 4:15am
Quoting Turveyd
Dude simple rules :-


1. DO NOT HOLD AGAINST THE TREND.
2. IF THE TREND CHANGES EXIT REGARDLESS OF AT A PROFIT OR LOSS.
3. AS LONG AS THE TREND IS WITH YOU HOLD ON TIGHT.

Got to get over your fear of taking losers, yes they might occasionally turn around, but in the mean time your wasting time lots of it and your also wasting money.

2 Things neither of us have got time to waste.



Beating the market really doesn't get simpler than that.
Plan your trade and trade your plan. That's what I'm doing. I'll not cut this short until I see clear direction that says I should.

Again, you willing to bet your whole steak this is going up? Hmmmm??
Ghost Rider - WWTBMD?
  • #153,537
  • Jul 31, 2009 4:18am Jul 31, 2009 4:18am
Quoting Turveyd
Ofcourse it's 50/50 in here on the direction, most are running on the basis that it's gone up so it must go down, this simple idea puts you against the trend and loses 80% of the time, unless your SL is big enough wait patiently for a few days to make 20pips.

Being -200pips on a trade and holding till you can hopefully take 20pips profit, is not trading!!!!
And who exactly is doing that? Not me so why direct it at me?

Anyway, I'll not argue this CRAP anymore.

Green pips everyone and have a great weekend....
Ghost Rider - WWTBMD?
  • #153,538
  • Jul 31, 2009 4:23am Jul 31, 2009 4:23am
Quoting albchr
....yep, and again, I see bigger and bigger volume and still no moves. If this were buyers, surely this "bull" move would be taking off...no?
So if they're sellers why hasn't price gone down?
  • #153,539
  • Jul 31, 2009 4:26am Jul 31, 2009 4:26am
Quoting stewrigh
So if they're sellers why hasn't price gone down?
I tell you why this sh*t happens
because there' re NO BIG players now at market, only some small speculators ( which stupid ass I would kick with pleasure ) who doing the opposie job! Hope today big North American bear men will come out and deal with situation!
ROBOT FOREX
  • #153,540
  • Jul 31, 2009 4:26am Jul 31, 2009 4:26am
Quoting albchr
Plan your trade and trade your plan. That's what I'm doing. I'll not cut this short until I see clear direction that says I should.

Again, you willing to bet your whole steak this is going up? Hmmmm??

I've got 5:1 odds in my favour, the trend persists 80% of the time so if even if I lose bet 1, in the end I'll win 80% of the time.

Yes if you hold on long enough the price will eventually get you out at break even, maybe a few pips ofcourse the more pips you hold for the higher the odds it'll just go against you again, as the over all trend has been up for ages.

And think of the people that dug there heals in this time last year around 2.10, there still holding okay they where margined out of this game ages back.

Then all you've got to master is playing setups with the trend, which gives you a instant 80% win rate nearly, then pick your set ups so with 20 at risk your making 50+.

The only tricky part is working out a reliable fast enough way to see the current direction and H4 chart reading isn't it, there is not enough detail.


Sorry mate, it's learn or starve time and your a fellow trader so I don't want you to starve!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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