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Cable Update (GBPUSD)

  • #167,081
  • Sep 18, 2009 8:34am Sep 18, 2009 8:34am
Quoting GlobalMacro
right Nav...that's why it's only right to trade with lowest risk possible, just the way you're doing it because charts are far from precise....really far!

i hear yah bro....
  • #167,082
  • Sep 18, 2009 8:39am Sep 18, 2009 8:39am
Quoting GlobalMacro
I'm just trying to make a point that no matter how meticulous one's technical analysis is, no matter how disciplined one implements those analyses into real-time trading.....surprise news, unforeseen events, force majeurs, etc. can wreck havoc through them all. And these cannot be "foreseen" in any charts whatsoever.
That's all.
True....you hit it spot on....one needs discipline in money managemet...nothing more.
  • #167,083
  • Sep 18, 2009 8:39am Sep 18, 2009 8:39am
Quoting gammase1
that's what i'm thinking of now!! dreadfully slow day.....
yup...freaky fridays...I used to avoid trading on this day...

btw QuadrupleWitchingDay too today....OMG!...Hope of Deliverance...
Hear the music before the song is over ...
  • #167,084
  • Sep 18, 2009 8:45am Sep 18, 2009 8:45am
woohooo friday!

Inserted Video




paaaaaaaarrtyyyyyyyyyyyyy
Thank You
  • #167,085
  • Sep 18, 2009 8:47am Sep 18, 2009 8:47am
nibble nibble....1.6346
(Long)
  • #167,086
  • Sep 18, 2009 8:49am Sep 18, 2009 8:49am
Quoting spintrader
I saw someone earlier remarking that he could think of absolutely no reason for this fall in cable. I'll tell you precisely what the reason was, the amount of people selling (Forex traders, banks/hedges/retail traders) outweighed the interest from buyers. That is it!

Charting can be very useful, but people have got to understand that the resultant patterns found in charts are the consequence of trading patterns, NOT the cause.

I saw someone earlier writing that it wasn't a valid Head and Shoulders pattern yet. Listen, the market doesn't...
I luv this hread....
  • #167,087
  • Sep 18, 2009 8:50am Sep 18, 2009 8:50am
Quoting Breeze
True....you hit it spot on....one needs discipline in money managemet...nothing more.
Exactly...that's the real "Holy Grail"...MM.
Hear the music before the song is over ...
  • #167,088
  • Sep 18, 2009 8:51am Sep 18, 2009 8:51am
lol nibbling can't top one big bear bite
Thank You
  • #167,089
  • Sep 18, 2009 8:51am Sep 18, 2009 8:51am
Quoting Breeze
I luv this hread....
WARNING....!!!!....I DONT USE STOP LOSS....I HEDGE...!!!!...."Caution"...follow at own risk...!!!!

yep i tried that as well yesterday.....i wont again...
  • #167,090
  • Sep 18, 2009 8:52am Sep 18, 2009 8:52am
Quoting wormboy
lol nibbling can't top one big bear bite
  • #167,091
  • Sep 18, 2009 8:54am Sep 18, 2009 8:54am
Quoting nAVIN2007
WARNING....!!!!....I DONT USE STOP LOSS....I HEDGE...!!!!...."Caution"...follow at own risk...!!!!

yep i tried that as well yesterday.....i wont again...
lol...I dont blame you...I make stupid mistakes too.
  • #167,092
  • Sep 18, 2009 8:57am Sep 18, 2009 8:57am
Quoting nAVIN2007
lol but it's true!
Thank You
  • #167,093
  • Sep 18, 2009 8:58am Sep 18, 2009 8:58am
freaky friday abt to take effect...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,094
  • Sep 18, 2009 9:00am Sep 18, 2009 9:00am
check out the weekly. now that's a pretty sight
Thank You
  • #167,095
  • Sep 18, 2009 9:00am Sep 18, 2009 9:00am
Quoting wormboy
lol but it's true!
i cashed in pips....i need to reduce risk again..
i think i had it this time
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  • #167,096
  • Sep 18, 2009 9:02am Sep 18, 2009 9:02am
Quoting nAVIN2007
i cashed in pips....i need to reduce risk again..
i think i had it this time
bro, why did you go long? I don't think there's enough confirmation ...
Thank You
  • #167,097
  • Sep 18, 2009 9:04am Sep 18, 2009 9:04am
Quoting Bull_Bear
freaky friday abt to take effect...
lol yea, and there's that one big bear bite to end all nibbling I was talking about
How's it going bb? You drunk yet?
Thank You
  • #167,098
  • Sep 18, 2009 9:04am Sep 18, 2009 9:04am
Quoting wormboy
bro, why did you go long? I don't think there's enough confirmation ...
there wasnt...oh well looks like im looking for places to short next week...
  • #167,099
  • Sep 18, 2009 9:04am Sep 18, 2009 9:04am
Quoting wormboy
lol nibbling can't top one big bear bite
Bro...unless you can pull up surprise news that King is gone ...going negative IR that biting bear is a toothless bear for a while...

or I go to my favorite bar keeper(ess)...
Hear the music before the song is over ...
  • #167,100
  • Sep 18, 2009 9:07am Sep 18, 2009 9:07am
Quoting wormboy
lol yea, and there's that one big bear bite to end all nibbling I was talking about
How's it going bb? You drunk yet?
Nah, my woman's parents are here from Indonesia. Gotta be on my best behavior for the next 3 weeks.

Friday drinks = 0
Veni, Vidi, Vici (We came, we saw, we conquered)
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