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Cable Update (GBPUSD)

  • #306,881
  • Apr 8, 2012 7:43pm Apr 8, 2012 7:43pm
Quoting bguguen
im curious why do you think NFP was bad?? it still created 120k jobs.. its not like NFP shrank the labour force with Negative numbers...
also unemployment rate fell by 0.1 %...
meaning 120k jobs created is enough to lower unemployment rate by 0.1%
you can argue that less people are seeking jobs... but i dont think thats the case at all when unemployments been consistently going down over the last 4 or so months...

The NFP is only a bad news as it gives Ben a good reason to bring QE3 back on the table....

In fact... you should read a bit...
You do know that those that have given up looking for work are not included in unemployment figured right.
Come with me if you want to live....
  • #306,882
  • Apr 8, 2012 7:44pm Apr 8, 2012 7:44pm
Quoting Ill-b-back
Nah mate, if I had held that short without my longs, I would have been margined out long ago I don't look at trading that way, or I should say my system doesn't see it that way. Short and medium term swings then I'm out and wait for the next one. If I get a longer term signal off the weekly then I will hold it and take other trades in the meantime off daily and 4hr. Hey look, ok I think we loom at the market differently and your fundamental passion has much to do with this. For me, my passion is trading and others here also I think so our outlooks...
Mate it does support my criticism dude... speculators are known to trade BS... thats why you see large upwards reaction when ben bernanke only TALKS of QE3
QE3 isnt even official and you see speculators pricing in before it happens based on rumors... so yea in effect the market does trade bullshit... doesnt mean you cant make money out of bullshit... hell the fed is making money by spreading bullshit out so their investment in yields stays profitable....

Market trades both the Truth and The Lies... but guess what... you can make money in either sides...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,883
  • Apr 8, 2012 7:44pm Apr 8, 2012 7:44pm
Quoting pinkiaiii
friday was bank holiday for most of world,nfp data doesnt suggest anything good,monday is still bank holiday all over the world,so tuesday should see gbp gaining some good boost,when banks open,before dollar is trashed again for a while
WTF????
I don't trust any move - when you have profit...take it.
  • #306,884
  • Apr 8, 2012 7:46pm Apr 8, 2012 7:46pm
Quoting bguguen
im curious why do you think NFP was bad?? it still created 120k jobs.. its not like NFP shrank the labour force with Negative numbers...
also unemployment rate fell by 0.1 %...
meaning 120k jobs created is enough to lower unemployment rate by 0.1%
you can argue that less people are seeking jobs... but i dont think thats the case at all when unemployments been consistently going down over the last 4 or so months...

The NFP is only a bad news as it gives Ben a good reason to bring QE3 back on the table....

In fact... you should read a bit more......
wise beyond years...
I don't trust any move - when you have profit...take it.
  • #306,885
  • Apr 8, 2012 7:47pm Apr 8, 2012 7:47pm
Quoting Ill-b-back
You do know that those that have given up looking for work are not included in unemployment figured right.
well then the question is How many actually gave up looking for jobs??

As far as im concerned the NFP published is still Dollar Bullish
but the reason why market shot GBPUSD, EURUSD up is because ben is talking on tuesday and they dont wana be caught out during the long weekend easter holiday just to come back and see market fucked them up as ben talks....

anyways heres an interesting article youd should read...
http://www.forexcrunch.com/5-reasons...-be-temporary/
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,886
  • Apr 8, 2012 7:51pm Apr 8, 2012 7:51pm
Quoting bguguen
Mate it does support my criticism dude... speculators are known to trade BS... thats why you see large upwards reaction when ben bernanke only TALKS of QE3
QE3 isnt even official and you see speculators pricing in before it happens based on rumors... so yea in effect the market does trade bullshit... doesnt mean you cant make money out of bullshit... hell the fed is making money by spreading bullshit out so their investment in yields stays profitable....

Market trades both the Truth and The Lies... but guess what... you can make money in either...
Depends on how long they hold their trades for. If longer term, then yes as I have mentioned it can fall over, but most in here who are reading your bullshit longs posts will wonder what you are on about when they just closed out a 150 pip winning trade. That is my point bro, exactly my point.
Come with me if you want to live....
  • #306,887
  • Apr 8, 2012 7:54pm Apr 8, 2012 7:54pm
Quoting Ill-b-back
Depends on how long they hold their trades for. If longer term, then yes as I have mentioned it can fall over, but most in here who are reading your bullshit longs posts will wonder what you are on about when they just closed out a 150 pip winning trade. That is my point bro, exactly my point.
same goes my point... a Bullshit can run 1000 pips before the truth comes out with a 2000 pip fall... ironic how the US economy bubble happened the same way...

the bubble of lie kept pilling and pilling making USD look great and BOOM collapsed... you can see it in GBPUSD in 2009 what had exactly happened...
im pretty sure people before the 2009 collapse thought the US economy was great great great
but it was lies lies lies.. eventually when the truth comes out... people get burn...
Im pretty sure there were tons of analysts out there who suggests the Debt in US and housing market prices were too high to be true... pure tech traders thought these guys were nuts but guess who was right?? tech traders just couldnt factor in the fact that the housing market price at that time was too high, they could only see in the charts that house prices would go up up up... and boom....
thats why we had the mortgage crisis in the first place... people seeing house prices going up, they want in and they also bought houses with borrowed money and BOOM...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,888
  • Apr 8, 2012 8:03pm Apr 8, 2012 8:03pm
While all you guys are fighting and talking shit....I have been trading....

This is my current profit.....

waiting to close position at the right time.

Happy Easter...

Faller.
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I don't trust any move - when you have profit...take it.
  • #306,889
  • Apr 8, 2012 8:06pm Apr 8, 2012 8:06pm
Quoting bguguen
same goes my point... a Bullshit can run 1000 pips before the truth comes out with a 2000 pip fall... ironic how the US economy bubble happened the same way...

the bubble of lie kept pilling and pilling making USD look great and BOOM collapsed... you can see it in GBPUSD in 2009 what had exactly happened...
im pretty sure people before the 2009 collapse thought the US economy was great great great
but it was lies lies lies.. eventually when the truth comes out... people get burn...
Im pretty sure there were tons of analysts out there who suggests...
Yes my friend you are correct, in fact my cousin who was very wealthy and others I know lost fortunes in the crash, I totally agree. So it seems we are relating our terms and definitions to our own trading styles. As an example, perhaps ask PT who is a tech trader how many pips he made in the crash. I tripled my account in 2 months I think using a simple breakout method and I was only just starting out back then. So I will extend a hand and just shut the fcuk up as there seems little more to discuss.
Come with me if you want to live....
  • #306,890
  • Apr 8, 2012 8:08pm Apr 8, 2012 8:08pm
Quoting Faller
While all you guys are fighting and talking shit....I have been trading....

This is my current profit.....

waiting to close position at the right time.

Happy Easter...

Faller.
Well done bro , nah we not fighting just clearing the air a little
Come with me if you want to live....
  • #306,891
  • Apr 8, 2012 8:09pm Apr 8, 2012 8:09pm
Quoting Ill-b-back
Yes my friend you are correct, in fact my cousin who was very wealthy and others I know lost fortunes in the crash, I totally agree. So it seems we are relating our terms and definitions to our own trading styles. As an example, perhaps ask PT who is a tech trader how many pips he made in the crash. I tripled my account in 2 months I think using a simple breakout method and I was only just starting out back then. So I will extend a hand and just shut the fcuk up as there seems little more to discuss.
i'm gona shut up too because im desperately hoping the move down in GBPUSD is not a stop hunt session since market is pretty dead today with some banks still on holiday
Maybe market realizes NFP is not as bad as first predicted back in Friday... people in friday were too focused on NFP that the number missed expectations but the fact is 120k jobs were still created... and unemployment fell by 0.1%...
Or they already knew that... so the move up to 1.59 last friday was a stop hunt just so we can start the week tanking the right direction... as we are seeing now...
BTW gold also has a 30 USD gap to fill Downwards... that should give USD some strength....
ill be a happy boy if we close below 1.5850 in GBPUSD
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,892
  • Apr 8, 2012 8:13pm Apr 8, 2012 8:13pm
Quoting Faller
See that's the problem - you want me to trade like someone that I am not. You say why not short it last May and let it run - to me that is hind sight. Did you short it last May and let it run?

My personality does not allow me to hold positions for a long time - as a trader you have to realize your personality and trade accordingly. Also I trade futures so I do not have the luxury of holding things for months on end - futures expire.

I normally put on a fairly decent size trade (meaning position size) and I look for the appropriate move -

And...
Read my post above....and stop fakking talking shit here....everyone.

Faller.
I don't trust any move - when you have profit...take it.
  • #306,893
  • Apr 8, 2012 8:19pm Apr 8, 2012 8:19pm
Quoting Faller
Read my post above....and stop fakking talking shit here....everyone.

Faller.
I totally agree with you
  • #306,894
  • Apr 8, 2012 8:40pm Apr 8, 2012 8:40pm
Quoting Faller
I am a tech trader with a solid fundi base..... - I am intra day trader - 95% of the time I have closed positions by the end of the trading day......

I look for a 20 to 40 pip move in my favour....basing the info on the daily time frame......there is no way I could have a 100 or 200 or 400 pip draw down.

So my trades need to be very very accurate in entry and exit.......it has taken me a long time to develop my technique but it works for me.

Normally one trade a day....sometimes two.....and no trade at all...
lol Faller I can't believe we have the same trading style & rules...totally the same...the only difference is our targetted pips as I only TP for 5-20 pips....lol u can call it semi-intraday scalp!
I trade to live
  • #306,895
  • Apr 8, 2012 10:39pm Apr 8, 2012 10:39pm
Quoting Faller
While all you guys are fighting and talking shit....I have been trading....

This is my current profit.....

waiting to close position at the right time.

Happy Easter...

Faller.

took profit....and back in.....
I don't trust any move - when you have profit...take it.
  • #306,896
  • Apr 8, 2012 11:37pm Apr 8, 2012 11:37pm
At this juncture, I would think the forex cave is full of bulls and bears. I just hope we can all get along
Come with me if you want to live....
  • #306,897
  • Apr 8, 2012 11:38pm Apr 8, 2012 11:38pm
Quoting Ill-b-back
At this juncture, I would think the forex cave is full of bulls and bears. I just hope we can all get along
The cave of silence that is.
Come with me if you want to live....
  • #306,898
  • Apr 8, 2012 11:55pm Apr 8, 2012 11:55pm
Quoting bguguen
you need to think like the big boys think and you need to realise some movements are pure stop hunt movements by the big guys whos taking advantage of technical points to play with their stop hunts...

Okay let me be clear in this, I'm not siding anyone in here..u name it..I'm not siding bguguen, faller, BB, A-spec, Ill b back or bones...look above the highlighted sentences, I'm not gonna say I'm totally agree with bguguen...but the sentences above are one of my scope of understanding in forex..do u guys really think NO HANKY PANKY setup happened in forex in purpose?? do u guys really have to believe the ONLY limited results by the fundamentals and technicals?? u guys do really need to think/be as you are one of the big boys or fed or whatever u call it...

if FUNDIES and TECH are that so EASY to recognized, then why the hell are still the majority of traders FAILED? come on guys don't be NAIVE.. if I am one of the big boys, I will be thinking like this : there's always some "ways" to get that damn MONEY out of humanity pockets (greedy and naive traders)..

so while reading you guys many many many many pages of disagreements, I realised everyone are holding strong their own believe and concepts thus forgetting the confusion set by the head of mastermind...lol I don't know whether some of u realized or not but everytime when everyone waiting for the moment of price direction, which after making a setup on each charts at home, will all post comments like "this is strange" "this is weird" "it does not broke this line since..." "why good news showed opposite impacts?" why why why why why".................( for those unsuccessfull call)

it is okay actually to ask why in forum, but when it involved attacking each other due to the fact that fundies are better than techs, and vice versa, are really not worth at all...really not worth...what matter most at the end of the day is, are u making money? how often do u withdraw?


okay okay I think I have last words for all my FF buddies here, to be fair indeed,

Let us assume in this thread we got 50% fundies minded
and
50% techs minded...
right?

what gonna happened when we combine both person into ONE?

50% fundies + 50% techs = 100% ultimate foreign exchange trader

100% = undeniable, less or maybe not appearing in FF thread


Cheers
again!
I trade to live
  • #306,899
  • Apr 9, 2012 12:04am Apr 9, 2012 12:04am
Quoting UbuFamily
Okay let me be clear in this, I'm not siding anyone in here..u name it..I'm not siding bguguen, faller, BB, A-spec, Ill b back or bones...look above the highlighted sentences, I'm not gonna say I'm totally agree with bguguen...but the sentences above are one of my scope of understanding in forex..do u guys really think NO HANKY PANKY setup happened in forex in purpose?? do u guys really have to believe the ONLY limited results by the fundamentals and technicals?? u guys do really need to think/be as you are one of the big boys or fed or whatever...
He he nice one bro, I guess I just don't like the guy preaching to us telling us the way we should think when a 300 pip stop hunt is just as likely to put 250pips into the pocket of a trader who knows how to read price action or other chart technicals, it's just too much to listen to.
Come with me if you want to live....
  • #306,900
  • Apr 9, 2012 12:08am Apr 9, 2012 12:08am
Quoting Faller
This place has gone to the shitter -
wtf bro...do u know that I'm eating some biscuits while looking at your TOILET???!!!! Bluekkkkk.....
I trade to live
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