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Cable Update (GBPUSD)

  • #205,761
  • Mar 14, 2010 2:27pm Mar 14, 2010 2:27pm
Quoting jarnapal
Makes sense as 95% traders lose. Although keep your SL wide or wait before entering trade as it could spike up some. And ofcourse, we can be wrong on this one. It's important to have a decision than no decision.
Actually, I never come to FF to take opinions and follow them. When i began, i did, and i lost opportunities ( you can check some of my posts when everyone was short and i was long on EU, and i was from the minority who won).
No Signal, No Trade. No fundamenals, No headache.
  • #205,762
  • Mar 14, 2010 2:29pm Mar 14, 2010 2:29pm
Are u short now? How many pips is ur stop loss? 300 pips?
  • #205,763
  • Mar 14, 2010 2:38pm Mar 14, 2010 2:38pm
Quoting Cobra
All this gossip about where the GBPUSD will go next is of zero value in my opinion. Who cares what the so called anylists says? Ask yourself if you have a setup to go long or short and then trade according to that setup.

Talks about a bad economy and reading all the crap which is available on the net and spesifically in this forum will keep you out of trades and out of money, making you as a trader even more confused about your bussiness which is trading.

If you are a real trader then other peoples opinion of where the market is going to go...
Don't worry about this. It was a long time that no one made influence on my trades. It was a simple question, that's it. Being from the winner minority was never a problem for me. I am short in GU. I will not change mind up to my SL will be cought or my TP will approach for around some pips as i fixed before with changing my SL to entry point.

Who is not confident on himslef, have not to trade. I lost money instead of winning when i followed fundamentals. Since, no care to fundamentals. For me, fundamentals are the excuse and never the fact which moves the market. Trend is made by bigs. They are not playing for waiting the news. They have their own watchers to collect the same informations that gouvernment can collect. Chart is my only friend. When I made a loss, i'm asking, re-asking my self, why did not see that before, until i got the answer and then come back. Same thing when i cut my profit earlier than the end of the move. This is the only way to make better perfect my trades. Trading is not a game for me.
No Signal, No Trade. No fundamenals, No headache.
  • #205,764
  • Mar 14, 2010 2:43pm Mar 14, 2010 2:43pm
Quoting bonus76
Are u short now? How many pips is ur stop loss? 300 pips?

Quoting No Stress
Short GU at 1.5192 SL 1.5242 TP 1.5042. Hold against old top and old bottom and TP for 50% retrace.

Good trading.
Not more than max 50 pips, depends on the trade (pair, timing, volatility, S/R..etc)
No Signal, No Trade. No fundamenals, No headache.
  • #205,765
  • Mar 14, 2010 2:54pm Mar 14, 2010 2:54pm
Quoting cableboy
Technically cable is without doubt poised to leap. However Fundamentals, fellow traders, should not be put aside. A couple weeks back nobody could believe how weak cable was across the board as flaccid as f*%k. We have found support and yes the markets must breath, rebounds are inevitable. How far north do we go before we go back down south?

[color=black][font=Verdana]Be cautious with your longs as fundamentals are not in GBP's favour. Remember we are in a strong downtrend so risk management should be...
Sound advice, to which I wholeheartedly agree.
  • #205,766
  • Mar 14, 2010 2:59pm Mar 14, 2010 2:59pm
Quoting Nectarios

Observers said that did not augur well for a nation that has hardly begun its three-year ordeal of draconian cuts.

http://www.telegraph.co.uk/finance/e...bt-crisis.html
Sterling is setup for a pummeling and every man and his dog are talking about it. There was also the following story in The Telegraph -

http://www.telegraph.co.uk/finance/e...ury-gloom.html

It is all about the important budget on the 24th March. This could well be the turn point.
  • #205,767
  • Mar 14, 2010 3:04pm Mar 14, 2010 3:04pm
Quoting No Stress
We are two then lol
And 3
COT: The precious data ignored
  • #205,768
  • Mar 14, 2010 3:06pm Mar 14, 2010 3:06pm
Quoting bbakker
Sterling is setup for a pummeling and every man and his dog are talking about it. There was also the following story in The Telegraph -

http://www.telegraph.co.uk/finance/e...ury-gloom.html

It is all about the important budget on the 24th March. This could well be the turn point.
When every man and his dog are talking something down its usually time to go long!
  • #205,769
  • Mar 14, 2010 3:07pm Mar 14, 2010 3:07pm
Quoting Baby-Trader
Hi Tsar,
how are you? hope everything is going well.
Unfortunatly I'm in a business trip this week and may be I will not contribute more.
Regarding to trading, I still hold my long positions and looking forward to 1.58
for everyone look @ weekly chart.
Excellent Pin bar.
Wormie. as always you are
Good Luck All
Hi All,
just back.
My view didn't change and waiting for 1.5820.
Still hold my longs.

Good Luck All
  • #205,770
  • Mar 14, 2010 3:14pm Mar 14, 2010 3:14pm
Welcome back.
so now its No Stress ( going short ) vs baby trader ( holding longs ) lol. now i am confused as i have followed both of your posts and you guys are right everytime. I hope you both win, GU taking a dip to 1.5040 and then going back up again to 1.58xx
  • #205,771
  • Mar 14, 2010 3:17pm Mar 14, 2010 3:17pm
my view from friday i could be wrong all the luck green pips for alll
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 19 KB
  • #205,772
  • Mar 14, 2010 3:17pm Mar 14, 2010 3:17pm
Quoting Honored
Welcome back.
so now its No Stress ( going short ) vs baby trader ( holding longs ) lol. now i am confused as i have followed both of your posts and you guys are right everytime. I hope you both win, GU taking a dip to 1.5040 and then going back up again to 1.58xx
If your confused and you have to enter the market then at least go with the one with the biggest risk to reward as highlighted already in your post current price level 1.5200 with your short target will net you 160 pips. Long with your target will net you 600 pips!

Good Luck!
  • #205,773
  • Mar 14, 2010 3:18pm Mar 14, 2010 3:18pm
Quoting Baby-Trader
Hi All,
just back.
My view didn't change and waiting for 1.5820.
Still hold my longs.

Good Luck All
salam 3aljed3an

how are bro are back hope u had a great time
  • #205,774
  • Mar 14, 2010 3:18pm Mar 14, 2010 3:18pm
Quoting Honored
Welcome back.
so now its No Stress ( going short ) vs baby trader ( holding longs ) lol. now i am confused as i have followed both of your posts and you guys are right everytime. I hope you both win, GU taking a dip to 1.5040 and then going back up again to 1.58xx
it depends on your target. if you target 50 - 100 pips you can go short.

but my target is 800 --> 1000+ pips.

now I'm up 330 pips. and no stress on me
  • #205,775
  • Mar 14, 2010 3:21pm Mar 14, 2010 3:21pm
Quoting kuroro001
And 3

and 4 was still from friday
  • #205,776
  • Mar 14, 2010 3:21pm Mar 14, 2010 3:21pm
Quoting kill56
salam 3aljed3an

how are bro are back hope u had a great time
Thanks Bro
It was really great time.
It was in Sharm El Shekh.

How are you doing ? and what about your green pips ?
  • #205,777
  • Mar 14, 2010 3:21pm Mar 14, 2010 3:21pm
Quoting Honored
Welcome back.
so now its No Stress ( going short ) vs baby trader ( holding longs ) lol. now i am confused as i have followed both of your posts and you guys are right everytime. I hope you both win, GU taking a dip to 1.5040 and then going back up again to 1.58xx
More chances of seeing a dip toward 1,5040 then up toward 1,58xx....than the other way around ....both should be right
COT: The precious data ignored
  • #205,778
  • Mar 14, 2010 3:22pm Mar 14, 2010 3:22pm
Quoting Br_pippin
if the real probability of going up OR down was 50% what would your chart look like? and what duration is it 50%? how much of your trading is gambling if the odds are not in your favor? It is not always a 50% chance of up OR down, there are trades where the odds are more than 50%

that is what dow theory at its basics is. essentially subscribing to markets as cyclical. I should probably be a little more specific. I have spent a lot of time with a lot of professors that were traders/ ex traders and I have read a lot of trading books. I am more of...
Fair point, but my 50% remark was not a serious comment.

People such as Sperandeo (Yes, you did get his surname right) have to be respected if the likes of Soros have used him and he holds three patents on financial products using long/short algorithmic indicators or indices in conjunction with leverage, which aim to add alpha while simultaneously reducing risk.

Perhaps most importantly, Sperandeo acknowledges that losses are part of the trading business. But if you are trading properly, he explains, you will find yourself able to lose more often than win and still remain profitable overall. Learning to accept, deal with, and minimize losses is the most important factor in determining your success as a trader.

I love reading, so of his three books, which one would you recommend if trading solely on Forex?

Trader Vic – Methods of a Wall Street Master
Trader Vic II : Principles of Professional Speculation
Trader Vic on Commodities: What’s Unknown, Misunderstood, and Too Good To Be True

Much obliged and be profitable!
  • #205,779
  • Mar 14, 2010 3:22pm Mar 14, 2010 3:22pm
Quoting kill56
and 4 was still from friday
Yes me too...i've added few shorts friday...waiting for a dip towards 1,5040 at least ^^
COT: The precious data ignored
  • #205,780
  • Mar 14, 2010 3:24pm Mar 14, 2010 3:24pm
Quoting kuroro001
More chances of seeing a dip toward 1,5040 then up toward 1,58xx....than the other way around ....both should be right
Right. That makes sense. I want both baby trader ; short for 160 pips and then long for 600 pips = 760 green pips lol
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