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Cable Update (GBPUSD)

  • #306,301
  • Apr 4, 2012 8:13pm Apr 4, 2012 8:13pm
Quoting PoundTrader
been long since 1.5844 will try to close at 1.5926. then will sell 1.5926, s/l 1.5961, t/p 1.5891
8 yrs of training for the ping pong Olympics
Come with me if you want to live....
  • #306,302
  • Apr 4, 2012 8:26pm Apr 4, 2012 8:26pm
It is interesting to observe how forex movement based on the trader interpretation, considering the followings :
1. it is the bussiness with huge leverage 1 : 100, 1 : 200, 1 : 500, it will enable you to invest with the minimum fund to gain maximal profit, you may expect profit even 100%, 200% or 300%
2.GBP and AUD is the most favorite pair for risk taker trader because of it's volatility and potential gain
3. What the consequences of these leverage if the movement easily predictable?, many trader will win for sure...who will pay if it is occured oftenly. And just remember they are know about fundamental and technical also just like us with different scale of capability.
4. Some people said that the money of winner trader from losser trader
is it true? i don't know...

But here the fact :
1. Winner trader ratio in this bussises is very low (my friend who work for local broker here told me and remind me before entering this bussiness)
2. Justification of cable movement easily can be made and sound like reasonable, but how often it is against our prediction ?, direction change and break trend line just come and go like the wind, some got profit and mostly losses.

therefore i would like to point out :" statistic and technical is the only available approacment to analyse the movement but fundamental is different thing, this is non exzact thing which very unpredictable". When news maker blown in the market said seems like it will bullish, suddenly it will go for opposite direction based on the newest fundamental factor, and boom...... mass murder........

Just don't too confident with your technical analysis......just beware with fundamental, mainly hidden fundamental where nobody never realize where and when it will come...

Just enter and quit the market smartly and manage your risk also your money carefully

Good luck guys, keep nice and smart discussion it is valuable so much for everybody including me
Regards
Red Alert
  • #306,303
  • Apr 4, 2012 8:31pm Apr 4, 2012 8:31pm
Quoting Ill-b-back
8 yrs of training for the ping pong Olympics
we don't need to be bearish minded or bullish minded trader right?....just follow the market mate, just like what you said....follow the flow...
as long as the direction is correct, ping pong mean huge profits but what if always against us?...... it is mean stress!!!
  • #306,304
  • Apr 4, 2012 9:05pm Apr 4, 2012 9:05pm
Quoting Red Alert
It is interesting to observe how forex movement based on the trader interpretation, considering the followings :
1. it is the bussiness with huge leverage 1 : 100, 1 : 200, 1 : 500, it will enable you to invest with the minimum fund to gain maximal profit, you may expect profit even 100%, 200% or 300%
2.GBP and AUD is the most favorite pair for risk taker trader because of it's volatility and potential gain
3. What the consequences of these leverage if the movement easily predictable?, many trader will win for sure...who will pay if it is occured...
it is my believe that fundamental analysis, which is the primary key to successful investing, should not be applied solely to the field of trading, where success is usually more dependent upon technical analysis and market-timing skills.
  • #306,305
  • Apr 4, 2012 9:08pm Apr 4, 2012 9:08pm
Quoting Red Alert
we don't need to be bearish minded or bullish minded trader right?....just follow the market mate, just like what you said....follow the flow...
as long as the direction is correct, ping pong mean huge profits but what if always against us?...... it is mean stress!!!
It's ok bro, I respect PT's shorter term outlooks more than
Anyone else here, I joke with him heaps, we like brothers bro
Come with me if you want to live....
  • #306,306
  • Apr 4, 2012 9:10pm Apr 4, 2012 9:10pm
Quoting PoundTrader
been long since 1.5844 will try to close at 1.5926. then will sell 1.5926, s/l 1.5961, t/p 1.5891
it should go near 160 before a retrace to a possible 154 before another leg up. Thats only my view. Good luck
  • #306,307
  • Apr 4, 2012 10:16pm Apr 4, 2012 10:16pm
Quoting PoundTrader
been long since 1.5844 will try to close at 1.5926. then will sell 1.5926, s/l 1.5961, t/p 1.5891
Looking at the 1hr 50 and 20 Ma's PT, they correlate very closely to your pricing.
Come with me if you want to live....
  • #306,308
  • Apr 4, 2012 10:21pm Apr 4, 2012 10:21pm
Quoting Rasi
No, the point is that you are relying on recent US statistics to argue that because of those (and Ben Bernanke lies) USD should strengthen against the GBP. My point is that the recent relative performance of both currencies show otherwise. After all, one cannot buck the market.

Your observation that US suffered more after the financial crisis is also not true. It is a fact that UK's economy is far more reliant on the financial services industry than US's.

As for your long term chart, if you look at the history, you will see that both GBP and...
wow...u are the first person to argue fundamental analysis towards bguguen....but I noticed that u are an MBA accountant...if it is true u are...I took accounting too but only a diploma so I know the extend of knowledge an accountant can have...bguguen were in economic study too if I'm not mistaken...so both of u got the basic of fundamental analysis point of view...but talking about relationship between UK and US in term of currencies...u guys reminded me of a movie (true-fact discovery) about the Illuminati group within UK and US...some call them the free-mason...hmmm I know my topic is unrelevent..but I do have episodes of those discovery of Illuminati.. (God forgive me )
I trade to live
  • #306,309
  • Apr 4, 2012 10:25pm Apr 4, 2012 10:25pm
Quoting UbuFamily
wow...u are the first person to argue fundamental analysis towards bguguen....but I noticed that u are an MBA accountant...if it is true u are...I took accounting too but only a diploma so I know the extend of knowledge an accountant can have...bguguen were in economic study too if I'm not mistaken...so both of u got the basic of fundamental analysis point of view...but talking about relationship between UK and US in term of currencies...u guys reminded me of a movie (true-fact discovery) about the Illuminati group within UK and US...some call them...
talking about illuminati eh.. i hope you won't get abducted on your way back home today..
  • #306,310
  • Apr 4, 2012 10:32pm Apr 4, 2012 10:32pm
Quoting bguguen
Well the fact is that... a positive NFP means an increase in employment am i right or wrong... lets get this fact straight...
IF employment goes up... Consumer spending would go up as well as more people have income to buy shit in the US, and seeing US deficit reducing that should suggest US earned cash are being spent in US... basic economics would suggest increasein consumer consumpton would increase economic growth... if the money is not going abroad... its as simple as that...
Surely economic growth would mean businesses from abroad would ALSO...
not everyone can explain details and conspiracy like this...for young age like u..this is awesome...very very impresive...everything make sense as I see it..imo
I trade to live
  • #306,311
  • Apr 4, 2012 10:33pm Apr 4, 2012 10:33pm
price trading and sustaining above 5900 doesn't look too good in bearish perspective.. i have my invalidation price set yesterday as 5920 which is also my SL..

this drifting effect of the price seems like the market is waiting for data today.. really hate it when there's calmness like this in the market..
  • #306,312
  • Apr 4, 2012 10:35pm Apr 4, 2012 10:35pm
Quoting iqyu5an
make it simple

plan your trade, trade your plan

long or short ...... who cares ....

setuju bro
I trade to live
  • #306,313
  • Apr 4, 2012 10:47pm Apr 4, 2012 10:47pm
Quoting A-speculator
talking about illuminati eh.. i hope you won't get abducted on your way back home today..
hehe I hope KK don't have Illuminati bro...
I trade to live
  • #306,314
  • Apr 4, 2012 10:52pm Apr 4, 2012 10:52pm
Quoting A-speculator
price trading and sustaining above 5900 doesn't look too good in bearish perspective.. i have my invalidation price set yesterday as 5920 which is also my SL..

this drifting effect of the price seems like the market is waiting for data today.. really hate it when there's calmness like this in the market..
calmness = flat
flat = consolidation
consolidation = ???


capuccino coffee bro??
I trade to live
  • #306,315
  • Apr 4, 2012 10:54pm Apr 4, 2012 10:54pm
Quoting UbuFamily
calmness = flat
flat = consolidation
consolidation = ???


capuccino coffee bro??
this is not flat mate.. flat means horizontal range.. this is calm.. in fact very calm..

you might get chocked drinking coffee when the storm arrive, i tell u..
  • #306,316
  • Apr 4, 2012 11:19pm Apr 4, 2012 11:19pm
Quoting A-speculator
this is not flat mate.. flat means horizontal range.. this is calm.. in fact very calm..

you might get chocked drinking coffee when the storm arrive, i tell u..

can i say it is flat for H1 chart cuz it is so flat for a scalper like me....

smlm aku tertidur bro tak sempat ambil untung....haizzz....
I trade to live
  • #306,317
  • Apr 4, 2012 11:23pm Apr 4, 2012 11:23pm
Quoting UbuFamily
can i say it is flat for H1 chart cuz it is so flat for a scalper like me....

smlm aku tertidur bro tak sempat ambil untung....haizzz....
pergh.. smpi tertido.. ko masuk kat mana? tgk2 la 5920 tu.. klu price lepas harga tu, aku rasa 5950 leh smpi..

aku cuma ckp tgk2 la.. tak semestinya ke sana.. untuk intraday, aku target area 5800 sbnrnya psl 61% fibo tu.. plan aku, aku akan clear sebahagian pos cable aku kat 5850, dan sebahagian lagi kat 5800.. sebahagian lagi kat 5750 dan yg lebihnya aku tgk klu bleh swing ke 5620.. org jawa ckp scalling down.. lol.
  • #306,318
  • Apr 4, 2012 11:29pm Apr 4, 2012 11:29pm
Quoting UbuFamily
can i say it is flat for H1 chart cuz it is so flat for a scalper like me....

smlm aku tertidur bro tak sempat ambil untung....haizzz....
Yah, geraknya lambat. Toh besok jg bank pada libur
  • #306,319
  • Apr 4, 2012 11:33pm Apr 4, 2012 11:33pm
hasil tradingnya dah di laporin di spt pajak taunan 31 march kemarin belum ?


Freelance translator, Tax planner, and Trader

Quoting 0rPhioZ
Yah, geraknya lambat. Toh besok jg bank pada libur
not euphoria follower
  • #306,320
  • Apr 4, 2012 11:34pm Apr 4, 2012 11:34pm
someone is copying Ill b back's name...

have a look http://www.forexfactory.com/ill_be_back


LOL I hope the real Ill b back notice this when he's back online

I trade to live
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