90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #320,961
- Aug 8, 2012 5:35am Aug 8, 2012 5:35am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
- #320,963
- Edited 5:46am Aug 8, 2012 5:35am | Edited 5:46am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #320,964
- Aug 8, 2012 5:35am Aug 8, 2012 5:35am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Dear, REDBEBEN
Please, Explanation. Why do you fell like that..??
joking
90% of traders use TA, indicators and prediction
- #320,965
- Aug 8, 2012 5:38am Aug 8, 2012 5:38am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #320,967
- Aug 8, 2012 5:44am Aug 8, 2012 5:44am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Dear, REDBEBEN
Please, Explanation. Why do you fell like that..??
sometimes people pose in what they are not
and it works for themfor example if one guy tells you he is a trader but he is not ...and he has 10 other friends backing him up telling you he is a trader you will still say he is not.
but as he has the voices behind,the other trading community will belive me or him ?
him definitely.
this is how big banks fail in trading or investment funds die overnight.
- #320,968
- Aug 8, 2012 5:45am Aug 8, 2012 5:45am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Does Redbeben frustrated ??
as I have a straight backbone and don't tell bullshit.
I am an ideologist and dream of a clean world with no lies nor posers....which will never happen I am afraid
- #320,969
- Aug 8, 2012 5:46am Aug 8, 2012 5:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Just your everyday stitch up...
Retail were buying 1.56 directly off the trendline with stops just below. Guess where the big boys bought.
interesting way to look at it..actually look at yur monthly connect the 3 lows of the candles ....u have a trendline..this trendline appears to be legit hence the demand
no stitch up simple trading scenero..only people caught are scalpers
edit:- if trendline remains then it probably going to hold at least for 1 month..if tested again after this month..scenero is completely bearish..this is how u plan trading and gain strength to hold..by knowing what the hell is going on, based on yur method, be mechanical
- #320,970
- Aug 8, 2012 5:49am Aug 8, 2012 5:49am
long story
sometimes people pose in what they are not
for example if one guy tells you he is a trader but he is not ...and he has 10 other friends backing him up telling you he is a trader you will still say he is not.
but as he has the voices behind,the other trading community will belive me or him ?
him definitely.
this is how big banks fail in trading or investment funds die overnight.
- #320,971
- Edited 6:10am Aug 8, 2012 5:53am | Edited 6:10am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #320,974
- Aug 8, 2012 6:16am Aug 8, 2012 6:16am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #320,975
- Aug 8, 2012 6:16am Aug 8, 2012 6:16am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
no stitch up simple trading scenero..only people caught are scalpers
http://fxtrade.oanda.ca/analysis/historical-open-orders
Click on GBPUSD and change to one day. You can see the orders were slap bang on 1.56. Once you know where the stops are then you can bet they are going to get taken out.
- #320,976
- Aug 8, 2012 6:17am Aug 8, 2012 6:17am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
nice trade
- #320,977
- Aug 8, 2012 6:26am Aug 8, 2012 6:26am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
t/p change to 1.5682 then if today close above 1.5670 i will short
better be safe in these conditions!
the 5800 previous said, can come, but can also not
if will come, will be time to get in again tomorrow/friday/next week/the other......
90% of traders use TA, indicators and prediction
- #320,978
- Aug 8, 2012 6:27am Aug 8, 2012 6:27am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
t/p change to 1.5682 then if today close above 1.5670 i will short
- #320,980
- Aug 8, 2012 6:30am Aug 8, 2012 6:30am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Not just scalpers. A lot of retail had their buy orders on 1.56 with most likely a stop just below. You can see this on the OANDA customers historical open orders.
http://fxtrade.oanda.ca/analysis/historical-open-orders
Click on GBPUSD and change to one day. You can see the orders were slap bang on 1.56. Once you know where the stops are then you can bet they are going to get taken out.
i also thought to see price sitting near 5600 in the morning.
indeed i went long there in a demo but was not confident.
pick this long near 5580 was not easy maybe.
IMO, too many retail traders are using really wrong ways to read market.
let me explain: the worst thing about morning's 5600 line is that once broken, i guess a lot of people went short to target lower with a stop >5600. causing double loss.
something like:
90% of traders use TA, indicators and prediction