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Cable Update (GBPUSD)

  • #271,621
  • Feb 10, 2011 1:55pm Feb 10, 2011 1:55pm
Mubarak is set to make an announcement at 8pm (GMT) so be careful. Sit out and learn what could happen rather than get whooped. There's always tomorrow. 5 mins to go ....
You've got to be IN IT to WIN IT!
  • #271,622
  • Feb 10, 2011 1:55pm Feb 10, 2011 1:55pm
Kaspop,

Let's make a gentlemen's bet. I'll place a swing trade from current levels. If price gets below 1.5 or a 4 hr close above 1.63 then we'll pause the bet and compare your returns vs the swing trade, pip wise for that period.

You game?

PS I don't need your RR. We'll just compare total pips lost or gained.
"Timing Is Everything. Really I Swear It Is"
  • #271,623
  • Feb 10, 2011 1:59pm Feb 10, 2011 1:59pm
SKY NEWS reporting a rumour about Mubarak NOT stepping down. I see a riot coming up (God forbid).
You've got to be IN IT to WIN IT!
  • #271,624
  • Feb 10, 2011 2:03pm Feb 10, 2011 2:03pm
but how would the market react to the news he will talk in minutes now will the $ go up pr down?
  • #271,625
  • Feb 10, 2011 2:06pm Feb 10, 2011 2:06pm
Quoting TexasforEX
Kaspop,

Let's make a gentlemen's bet. I'll place a swing trade from current levels. If price gets below 1.5 or a 4 hr close above 1.63 then we'll pause the bet and compare your returns vs the swing trade, pip wise for that period.

You game?

PS I don't need your RR. We'll just compare total pips lost or gained.
FYI, Kas is a LADY.

Back to bed and turn off my PC, really am..
  • #271,626
  • Edited 2:51pm Feb 10, 2011 2:07pm | Edited 2:51pm
Quoting kaspopsicle
Most of us here are intraday traders. We scalp and hold if the trade runs.
This ambiguous and volatile market is why we are here....
Hi,

I am trading GBP/USD & it is my favorite, how could I benefit from this thread and how to share to strengthen this thread.
  • #271,627
  • Feb 10, 2011 2:08pm Feb 10, 2011 2:08pm
Quoting TexasforEX
Obviously, I don't know your trading experience level....
Swing trading requires a larger stop loss..or so much capital that you can afford to trade without one . I would never trade without a stop loss.
Trading long term : i know how to make it work according to my mm . I scalp on high probability .If the trade breaks successive support and/or resistance i let the trade run once i am at B/E. I trade manually.
I believe that the concept of "years of trading experience" is misleading . I work in hours. If i am in the minority i owe that to the amount of hours that i have been fortunate enough to spend watching PA.
Due respect, there are many people who come to this thread looking for a "call" on a trade. I feel that we have to be very careful in what we say. Unless of course you can sleep easy knowing that someone out there might have got the wrong idea and taken a trade based on your call which may have absolutely nothing to do with their mm. they just took a leap at the direction rather than drilling down to the smaller time frames to assess how much they are prepared to put on the line.I could go on.
All systems of divination, like music itself,work through patterns.
  • #271,628
  • Feb 10, 2011 2:11pm Feb 10, 2011 2:11pm
Quoting gsantri
I know that feeling Kas. and I see your analysis are makes sense.
Let us just do what we see.

like to put sell order @6075 but, naah.. there will be tomorrow.
Think I'm better back to sleep now . 2.40 am here

Regards
Happy sleepys GS ..see you tomorrowThanks for knowing how i feel and that i may be making sense
All systems of divination, like music itself,work through patterns.
  • #271,629
  • Feb 10, 2011 2:13pm Feb 10, 2011 2:13pm
Ya know what, I don't lose any sleep worrying if some noob uses/misuses my trading recommendations. I am not selling my service and I don't try to force my trades down anyone's throat. I post my trades to try to start a discussion about the current market conditions and ways to trade it. Anyone who is dumb enough to blindly trade based on some random persons posts, they are beyond help.

BTW, about the gender thing, it's just an expression. It's a hazard of internet posting. No offense.

So, are you interested in my challenge?
"Timing Is Everything. Really I Swear It Is"
  • #271,630
  • Feb 10, 2011 2:17pm Feb 10, 2011 2:17pm
Quoting kaspopsicle
Swing trading requires a larger stop loss..or so much capital that you can afford to trade without one . I would never trade without a stop loss.
Trading long term : i know how to make it work according to my mm .

But you said you can't make it work because you don't have enough capital.

If you trade microlots, I fail to see how a 200 pip stop is beyond your capital.




If you don't want to have a little fun challenge, no problem. Carry on.
"Timing Is Everything. Really I Swear It Is"
  • #271,631
  • Feb 10, 2011 2:18pm Feb 10, 2011 2:18pm
Quoting TexasforEX
Ya know what, I don't lose any sleep worrying if some noob uses/misuses my trading recommendations. I am not selling my service and I don't try to force my trades down anyone's throat. I post my trades to try to start a discussion about the current market conditions and ways to trade it. Anyone who is dumb enough to blindly trade based on some random persons posts, they are beyond help.

BTW, about the gender thing, it's just an expression. It's a hazard of internet posting. No offense.

So, are you interested in my challenge?
What gender thing? What challenge? TBH dont think i like wherever this isnt going..
All systems of divination, like music itself,work through patterns.
  • #271,632
  • Feb 10, 2011 2:20pm Feb 10, 2011 2:20pm
Hi guys, I had a very bad day on GBPUSD. Really need advice, Were you think its gonna get tonight before last day tomorrow ?, I reckon it will go 1.62+ but thats just me.

Many Thanks
  • #271,633
  • Feb 10, 2011 2:23pm Feb 10, 2011 2:23pm
Quoting kaspopsicle
What gender thing? What challenge? TBH dont think i like wherever this isnt going..
Gsantri mentioned that you were a female and I had offered a "gentlemen's bet". Scroll back to the last page and you'll see the answer to both your questions.

Good grief, I'm outta here.
"Timing Is Everything. Really I Swear It Is"
  • #271,634
  • Feb 10, 2011 2:43pm Feb 10, 2011 2:43pm
Quoting Pkurdy
Hi,

I am trading GBP/USD & it is my favorite, how could I benefit from this thread and how to share to strengthen this thread.
Readand rad and read and read and read.learn how to post achart. Ask for opinion. Dont ask me ..but if you keep reading you will find some brilliant analysts and traders here.
All systems of divination, like music itself,work through patterns.
  • #271,635
  • Feb 10, 2011 2:46pm Feb 10, 2011 2:46pm
Mubarak speaking, here goes ........
You've got to be IN IT to WIN IT!
  • #271,636
  • Feb 10, 2011 2:58pm Feb 10, 2011 2:58pm
Quoting Ifty
Mubarak speaking, here goes ........
he is not stepping down!!!
and repeating all what he was saying for days now.
  • #271,637
  • Feb 10, 2011 2:59pm Feb 10, 2011 2:59pm
Quoting Ifty
Mubarak speaking, here goes ........
doesn't really get it does he?
  • #271,638
  • Feb 10, 2011 3:06pm Feb 10, 2011 3:06pm
Quoting chazzle
doesn't really get it does he?
what a stuborn men he is!!! this will end up bad.
they wont stop until he leave.
  • #271,639
  • Feb 10, 2011 3:08pm Feb 10, 2011 3:08pm
Quoting chazzle
doesn't really get it does he?
From a forex point of view nothing has happened... As far as Mubarak is concerned he kept on saying about how he understands his people, the current situation etc but obviously too shameless to step down. He definately doesn't get it. Anyway I pray for ALL the people of Egypt to hopefully get peace and a positive ending to this chaos.
You've got to be IN IT to WIN IT!
  • #271,640
  • Feb 10, 2011 3:23pm Feb 10, 2011 3:23pm
[quote=kaspopsicle;4388920]I believe that the concept of "years of trading experience" is misleading . I work in hours. If i am in the minority i owe that to the amount of hours that i have been fortunate enough to spend watching PA.
quote]

Well said, KAS.

Yes, you are among a minority... when spending many more
hours than the equivalent in months in your devoted and
dedicated study and learning in forex trading.

As for me, "I spent a year one night agonizing over a losing
position...then the nightmare ended, as I tumbled out of bed
to the floor and awoke all the more enlightened." lol

Dr. D.
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