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Cable Update (GBPUSD)

  • #195,681
  • Jan 25, 2010 8:23am Jan 25, 2010 8:23am
Quoting FXTheOne
Guys, let's me tell the truth. It's quite ridiculous here. Many posts are just rubbish. Screaming "longggggggg" or "shortttttttt" without giving any reasons or ideas for that. Many of you here seem over-rely on Technical Analysis, blindly. Do you know why i call "blindly"? Cause TA is just one part of the game. Everybody know TA, R or S and indicators as well. So why are there only 10% of traders win, and 90% lose? That's is MM, discipline, yeah, but more important, that's the ability to analyse the market sentiment that makes the difference....
with you
Don't tell me how much you can earn. Tell me how much you may lose..
  • #195,682
  • Jan 25, 2010 8:25am Jan 25, 2010 8:25am
Quoting FXTheOne
Guys, let's me tell the truth. It's quite ridiculous here. Many posts are just rubbish. Screaming "longggggggg" or "shortttttttt" without giving any reasons or ideas for that. Many of you here seem over-rely on Technical Analysis, blindly. Do you know why i call "blindly"? Cause TA is just one part of the game. Everybody know TA, R or S and indicators as well. So why are there only 10% of traders win, and 90% lose? That's is MM, discipline, yeah, but more important, that's the ability to analyse the market sentiment that makes the difference....
You trade like a banker. I was saying this same analysis a few threads back. I did it from a technical stand point. I agree with your sentiment observation. Nicely put.
A. Finesse Williams Making Millions One Pip At A Time!
  • #195,683
  • Jan 25, 2010 8:27am Jan 25, 2010 8:27am
Quoting Shad
Jump Up !
Now I know why Dollar is going Up. But please let it go down to 1,61 ONCE for a better bounce !

Thanks and Cheers !
  • #195,684
  • Jan 25, 2010 8:27am Jan 25, 2010 8:27am
Quoting FXTheOne
Guys, let's me tell the truth. It's quite ridiculous here. Many posts are just rubbish. Screaming "longggggggg" or "shortttttttt" without giving any reasons or ideas for that. Many of you here seem over-rely on Technical Analysis, blindly. Do you know why i call "blindly"? Cause TA is just one part of the game. Everybody know TA, R or S and indicators as well. So why are there only 10% of traders win, and 90% lose? That's is MM, discipline, yeah, but more important, that's the ability to analyse the market sentiment that makes the difference....
Nice analysis ! Time will tell the truth ! I hope you post here frequently to strengthen our TA and also hoping you are not one of the 90% losser. I am sure not so many people here expert in fundamental analysis including me !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,685
  • Jan 25, 2010 8:31am Jan 25, 2010 8:31am
Quoting FXTheOne
Guys, let's me tell the truth. It's quite ridiculous here. Many posts are just rubbish. Screaming "longggggggg" or "shortttttttt" without giving any reasons or ideas for that. Many of you here seem over-rely on Technical Analysis, blindly. Do you know why i call "blindly"? Cause TA is just one part of the game. Everybody know TA, R or S and indicators as well. So why are there only 10% of traders win, and 90% lose? That's is MM, discipline, yeah, but more important, that's the ability to analyse the market sentiment that makes the difference.
USD...
So there is a few scalp traders here tht get excited when the mkt moves , it is a public forum after all. There is also some very good technical analysis traders here and I am sure they value wht their charts tell them as opposed to your opinion on what everybody else is doing wrong and your opinion on what the US govt is doing with the dollar.
  • #195,686
  • Jan 25, 2010 8:48am Jan 25, 2010 8:48am
Quoting aswilled
You trade like a banker. I was saying this same analysis a few threads back. I did it from a technical stand point. I agree with your sentiment observation. Nicely put.
Cheers mate, i'm just trying to read the market, what the insiders are thinking...

Quoting manize
Nice analysis ! Time will tell the truth ! I hope you post here frequently to strengthen our TA and also hoping you are not one of the 90% losser. I am sure not so many people here expert in fundamental analysis including me !
Thanks manize, i'm here to share my views with you guys, and learn from you guys as well

Quoting digger1
So there is a few scalp traders here tht get excited when the mkt moves , it is a public forum after all. There is also some very good technical analysis traders here and I am sure they value wht their charts tell them as opposed to your opinion on what everybody else is doing wrong and your opinion on what the US govt is doing with the dollar.
I know mate, but if you're a scalper, is it necessary just to say " oh, i went short, i went long bla ..". I believe everybody wanna read valuable posts from good traders in here. And I'm truely appreciate them and their posts

Oh, this 6170 res is quite strong. Break it and everything will be easier.

Good luck to all. Both short or long
  • #195,687
  • Jan 25, 2010 8:53am Jan 25, 2010 8:53am
I have just decided on a new rule for myself for cable and that is to have a minimum SL of 50 pips...and preferably more most of the time..IMHO anything less is crazy unless you're a very astute trader...phew........it feels better to have written it down.................
  • #195,688
  • Jan 25, 2010 8:53am Jan 25, 2010 8:53am
Quoting digger1
Trade update, besides the boredom part the other reason for the trade was price wasent interested in anything below the daily open which today is also the weekly open, took some posistions on the bounces off the open , 1st tgt was reached, 2nd was hit but didnt trigger the limit orders , closed some manually, the rest stps are in and will see wht happens, not huge trades by any means but a nice way to start the week , good luck to allAttachment
fxtheone, everybody relies on different things if mkt sediment works for you great I am all for everybody making pips , this is a trade I have been working on since the mkts opened , have just got to a 3rd tgt , I didnt have one mkt sediment thought , it was based on certain price levls and mkt action , it has been a good day for and wish the same to all
  • #195,689
  • Jan 25, 2010 9:05am Jan 25, 2010 9:05am
Hmm....15mn PA is not good for buyers....Bad news for US should have revive bear USD but it's not the case
Risk aversion again ? go long dollar ?
COT: The precious data ignored
  • #195,690
  • Jan 25, 2010 9:07am Jan 25, 2010 9:07am
Quoting FXTheOne
Guys, let's me tell the truth. It's quite ridiculous here. Many posts are just rubbish. Screaming "longggggggg" or "shortttttttt" without giving any reasons or ideas for that. Many of you here seem over-rely on Technical Analysis, blindly. Do you know why i call "blindly"? Cause TA is just one part of the game. Everybody know TA, R or S and indicators as well. So why are there only 10% of traders win, and 90% lose? That's is MM, discipline, yeah, but more important, that's the ability to analyse the market sentiment that makes the difference....
Hi FX, appreciate your input, we don't have a say the big boys decide. I just follow PA and S&R. I learnt a few months back to wait and wait and wait for high probability trades. Cheers matey.
  • #195,691
  • Jan 25, 2010 9:13am Jan 25, 2010 9:13am
1.6215 to 1.6227 important area .... above this area could cable rise to 1.6355 otherwise it could test 1.6075
  • #195,692
  • Jan 25, 2010 9:39am Jan 25, 2010 9:39am
USD & GBP/USD both going up ...
Don't tell me how much you can earn. Tell me how much you may lose..
  • #195,693
  • Jan 25, 2010 9:57am Jan 25, 2010 9:57am
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,694
  • Jan 25, 2010 10:27am Jan 25, 2010 10:27am
:nerd:1.6232/41 - collapse or not !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,695
  • Jan 25, 2010 10:29am Jan 25, 2010 10:29am
Quoting manize

Go Ahead Bro... Dollars for Life.
  • #195,696
  • Jan 25, 2010 10:32am Jan 25, 2010 10:32am
Quoting manize
:nerd:1.6232/41 - collapse or not !

Got about 3 open LONG position... Holding LONG till forever. +Pips for life...
  • #195,697
  • Jan 25, 2010 10:34am Jan 25, 2010 10:34am
Quoting Bull_Bear
I favour 1.6220 for now... Needs a bit of room to break the downward sloping TL.

Good luck Shad


We Have Already Passed That Point Easily !!!

As I told Before 238 - 270 !


* Never Trust To Any Indicator *
  • #195,698
  • Jan 25, 2010 10:34am Jan 25, 2010 10:34am
Quoting fxblinkers
I have just decided on a new rule for myself for cable and that is to have a minimum SL of 50 pips...and preferably more most of the time..IMHO anything less is crazy unless you're a very astute trader...phew........it feels better to have written it down.................

Me too. 20-30 pips has gotten me stopped out quite a bit lately. Once I started going to 40 or 50 things have been working better. Hopefully once this thing finds a trend we can tighten up our stops.
  • #195,699
  • Jan 25, 2010 10:35am Jan 25, 2010 10:35am
Quoting Reznik
Go Ahead Bro... Dollars for Life.
We have built a very solid long team currently, including scalper, daily trader, long term trader and fundamental analyzer !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,700
  • Jan 25, 2010 10:43am Jan 25, 2010 10:43am
Quoting Reznik
Got about 3 open LONG position... Holding LONG till forever. +Pips for life...
Do you only trade long term positions?
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