Cable Update (GBPUSD)

me too


http://www.onestopfancydress.com/ima...ar-glasses.jpg

...

That looks just like me

Should have gone to specsavers

That was the third test of 1.50 without breaking it, bears get ready

EDIT: bulls may win this one, M15 closed above 1.5

I think 5020 is a good call too. Be a Grizzly!

Possible retrace to NY lows yesterday, 1.5028 and collapse from there.

Cover trade the area and sink the boat.

Cautiously watching this area.

Cable Trading Guide

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i heard martha stewart had gone long pound for a hundred million lemons.
george soros is proper fcuked now. Pound @1.9 by April.

Not to mention, cable will look a lot more pretty and smell like fresh apple pie.

how's your day coming?

JRoyal...

If we slide back into sales here...

Are these the fractal patterns that you were talking about?

Meh...could be better...

Still lots of play today.

How's bout chu?

I hear ya. I'm flat. Didn't get the phone call, so missed the short with Soros's merrymen earlier.

Mighta missed out on the Soro's but you got the skinny on Martha...

I think cable bears have enough juice left to get to the weekly s-line (green) at minimum which is backed up by EW count (wave 5 is underway). So short until 1.47 area.

I have to be bold here, I want to protect all those newbees...Do not trade in Forex, it will screw your mind up and start begging for money on your retirement, because addiction in forex is wrost than casino gambling

the problem with all those responses I got so far including the baby trader and the likes...I have encountered so many fund managers in my life..The problem is that the trading account when is openned it could indicate that it was openned 5 years ago, but on the other hand, i.e Baby trader as a fund manager could have sub accounts belonging to various third party investor who parked his/her money with baby-trader. Now, the main problem is, the account will reflect a 1000% return over the time of 5 years, but baby-trader will not reveal each individual sub accont performance. Because, out of each sub account, maybe only 2-3 out of 10 could have made 5%-10% (Believe it or not, thats it), but overall the account shows that baby trader accuont made 1000% over the period of 5 years as the overal fund, and the account could go into a propectus to be maketed as a fund that made 1000%...See where the misrepresentation would come...But ask those indivudal account holders, how much money they made....And this is true by the way by every bank and large brokerage houses out there...

It has been proven that Markovitz Theory of long term holding strategy in investmetn portfolio is a false theory..

So, be careful, and do not fall for these marketers who are trying to draw new newbees into the forex market to steal money from them..

How do they make money.....Now pay attention to this:

A fund manager or the trader will get about 20-55bps for every $1000 traded, thats really easy money and it could grow to tens and hundered of thousands of dollars in commission pay out... hence, the more they trade the more they make money..therefore, they do not give a darn how your portfolio is performing, as they are winning any way...They make a lot of money through commissions and its not funny....So, these brokers and traders deserve to be fried in Helll

Thats why you see these darn traders jst sitting back an enjoying commenting in Forexfactory for years, they are not losing money, they are trading some one else's money...it does not matter if the market is volatile or the subaccount is losing, they will always have turnaround comment as can look like as if they are winning and not losing...Got it ????/ So you are sometimes wondering, how the hell are they surviving this risky market ? because their focus is on commission not from bps...

are we having a bad day?

Ya know when yer walking down the street..and there is some shabbily dressed man, handing out leaflets and going over your salvation....

I hate to draw a parallel, but I think the forex forums get guys like that too.

You are funny Magix... how many sub accounts you have got ?

One day a Jewish man with his son walking down the street, the father found a $100 bill on the floor, he asked the son, is it real ? so he decided to walk further and look for some more free lunch, as to his surprise, he found more $100 bill..The next day he quit his job to walk around and look for $100 bill lying on the streets, but people became more cautious and stopped loosing money from their pockets....So the jewish guy lost his job and the inital gains...This is your FOREX guys....so do not be surprised that shabbily dressed man are yourself...

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