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Cable Update (GBPUSD)

  • #263,341
  • Nov 4, 2010 7:47am Nov 4, 2010 7:47am
Quoting survive
You must trully be a wizard then....How the hell did you get to know... I pray NFP takes it down so I can cut my lossess.....Lesson learned the hard way.
I'm afraid the PLEASE at the begining gave it away to even the newbiest of us newbs, and I am pretty sure most of us can predict Wormboy's & Cloggie's and any other established traders next comment.

Cut them loose and live to trade another day !!

What if NFP doesn't go your way !!
  • #263,342
  • Nov 4, 2010 7:48am Nov 4, 2010 7:48am
Cloggie

As we are now at a price level which hasn't been seen since the beginning of the year - will the levels which were respected then, still hold?

If so, how far back can you realistically look? Or is it simply self fulfilling in that enough people are looking at them, therefore they will work?
  • #263,343
  • Nov 4, 2010 7:48am Nov 4, 2010 7:48am
Quoting survive
You must trully be a wizard then....How the hell did you get to know... I pray NFP takes it down so I can cut my lossess.....Lesson learned the hard way.
gosh .. i went thru this last weekend with another trader. learn to take the loss mate.
Thank You
  • #263,344
  • Nov 4, 2010 7:49am Nov 4, 2010 7:49am
Quoting gammase1
Guess you were right all along, Cloggie! Who'd have thought, eh?

You are such a cynical bunch!
  • #263,345
  • Nov 4, 2010 7:50am Nov 4, 2010 7:50am
Quoting Delite

If so, how far back can you realistically look? Or is it simply self fulfilling in that enough people are looking at them, therefore they will work?

You got it in one. There are no hidden secrets, just try to figure out what the herd is looking at, see them move and follow them like a little puppydog.

There really is nothing intelligent about trading, you are not manufacturing anything, you don't invent the next big thing, you don't make a difference in the world, you just watch what the others do and follow them.

The best traders are as thick as two planks, I should know I am just about the dumbest moron on here.
  • #263,346
  • Nov 4, 2010 7:51am Nov 4, 2010 7:51am
Quoting Dayboy001
I'm afraid the PLEASE at the begining gave it away to even the newbiest of us newbs, and I am pretty sure most of us can predict Wormboy's & Cloggie's and any other established traders next comment.

Cut them loose and live to trade another day !!

What if NFP doesn't go your way !!
yup, no need to make a bad situation worse. just cut losses. having to be right, makes a person obsolete.
Thank You
  • #263,347
  • Nov 4, 2010 7:51am Nov 4, 2010 7:51am
Quoting Delite
You are such a cynical bunch!

Just realists.
  • #263,348
  • Nov 4, 2010 7:51am Nov 4, 2010 7:51am
Quoting Delite
You are such a cynical bunch!

Not cynical, just experienced. I've been there... YOu know you have to cut it loose when you're praying for a reversal bcos the market loves to bite you in the bum
  • #263,349
  • Nov 4, 2010 7:51am Nov 4, 2010 7:51am
Quoting wormboy
having to be right

Having to be right makes being wrong very expensive.
  • #263,350
  • Nov 4, 2010 7:53am Nov 4, 2010 7:53am
Quoting cloggie
You got it in one. There are no hidden secrets, just try to figure out what the herd is looking at, see them move and follow them like a little puppydog.

There really is nothing intelligent about trading, you are not manufacturing anything, you don't invent the next big thing, you don't make a difference in the world, you just watch what the others do and follow them.
Or go against them, throwing all that your micro account can handle at the trade....

Sorry, far too much cycnicism/realism for one day. In the words of one poster, beeeee good everyone!
  • #263,351
  • Nov 4, 2010 7:54am Nov 4, 2010 7:54am
Quoting cloggie
Having to be right makes being wrong very expensive.

aye agreed. hope he does the right thing
Thank You
  • #263,352
  • Nov 4, 2010 7:54am Nov 4, 2010 7:54am
Quoting gammase1
Or go against them, throwing all that your micro account can handle at the trade....

Sorry, far too much cycnicism/realism for one day. In the words of one poster, beeeee good everyone!
hey paul, taxi for maicon!
Thank You
  • #263,353
  • Nov 4, 2010 7:56am Nov 4, 2010 7:56am
Quoting wormboy
hey paul, taxi for maicon!
Hahaha... How good is Bale right now?? A great night for Spurs, no doubt.
  • #263,354
  • Nov 4, 2010 8:00am Nov 4, 2010 8:00am
Bale and Walcott are two amazing runners Although Bale thinks Walcott is even faster. The guys ran 11 sec on 100m at 18 year old without specific training...

Quoting gammase1
Hahaha... How good is Bale right now?? A great night for Spurs, no doubt.
Hello.
  • #263,355
  • Nov 4, 2010 8:00am Nov 4, 2010 8:00am
Quoting gammase1
Hahaha... How good is Bale right now?? A great night for Spurs, no doubt.
aye great game totally enjoyed the game. that Bale is a beast!
Thank You
  • #263,356
  • Nov 4, 2010 8:01am Nov 4, 2010 8:01am
Quoting cloggie
Not a wizard but like most who finally reach the top of the mountain I have fallen of plenty of times when I first started, I cut my teeth on stocks.

Very few people are born natural traders however also very few take responsibility and put the time and effort in to become one.


All depending on where you got your shorts going, but I don't expect much of a retrace before 6350 and 6600
Thanks for your candid advise... I hope to trade like you when I grow up
  • #263,357
  • Nov 4, 2010 8:03am Nov 4, 2010 8:03am
As this currently appears to be going nowhere and I have to take the kids to swimming lessons,

I 'll be seeing you all tomorrow (well probably later).

GL to all.
  • #263,358
  • Nov 4, 2010 8:04am Nov 4, 2010 8:04am
Quoting emene
Bale and Walcott are two amazing runners Although Bale thinks Walcott is even faster. The guys ran 11 sec on 100m at 18 year old without specific training...
Maicon was touted as the best rightback in the world & Bale tore maicon about a dozen new holes on the night lol. Think it's more than just being fast mate
Thank You
  • #263,359
  • Nov 4, 2010 8:04am Nov 4, 2010 8:04am
Quoting Dayboy001
As this currently appears to be going nowhere and I have to take the kids to swimming lessons,

I 'll be seeing you all tomorrow (well probably later).

GL to all.

That about sums it up, 4282 has to go on yooro and 6298 on Cable.
  • #263,360
  • Nov 4, 2010 8:07am Nov 4, 2010 8:07am
Quoting survive
Thanks for your candid advise... I hope to trade like you when I grow up

If you got a spare 10,000 hours and approach this as a business, anyone can make it in trading. Keep in mind there are 1,000's of ways to skin a cat, you just need to find an edge that suits you and works for you, don't go following people here blindly, find your own path.
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