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Cable Update (GBPUSD)

  • #326,221
  • Oct 9, 2012 3:41am Oct 9, 2012 3:41am
nAVIN2007>>>>>>-1.1 ..wow <<<--- care to explain? I'm confused
deep RoT is essential for everlasting happyness
  • #326,222
  • Oct 9, 2012 3:44am Oct 9, 2012 3:44am
Quoting X.work
nAVIN2007>>>>>>-1.1 ..wow <<<--- care to explain? I'm confused
well he quoted a post of mine if that helps you understand, but even i didnt know what he wanted to say....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,223
  • Oct 9, 2012 3:44am Oct 9, 2012 3:44am
Quoting Snooze
Totally agree with you statement bguguen! I am new to forex and like u said i tried M5 TF and heart pounds all the time and almost got heart attack! LOL! When i start looking at this thread i really learn a lot from you guys. Like you, Navin, Poundtrader, RedBenben etc. Looking forward to learn more from you guys.
do you learn from me too?
deep RoT is essential for everlasting happyness
  • #326,224
  • Oct 9, 2012 3:47am Oct 9, 2012 3:47am
Quoting X.work
do you learn from me too?
LOL Than you should keep posting. I bet i will learn a thing or 2 from you.
  • #326,225
  • Oct 9, 2012 3:47am Oct 9, 2012 3:47am
Quoting X.work
I'm a pensioner, and I was taught to use TF15 back in Forex school days.
How old are you?
I would agree on using H4, and bigger time frame, did they teach you that in your forex training?

-X-
i am 20 years old today but ive been learning forex under my dad since 16, we ran a hedge fund 2 years back with bot trading but things went crashing, im back on the learning curve for now cuz im testing this strategy for manual trading, and things are looking good so far....
i have never been trained by any institution but an uncle of mine happens to be a hedge fund manager in Hong Kong, a well renown one too.... and he's retired now, so he had spare time to teach me for the past 3 years about forex, he was the one to tell me how markets are driven by the big guy banks like GS and BoA, BoE, etc etc. all those fundie stuff about stop hunts and sessional flows and intervention trades like EURCHF and EURJPY stuff (gosh those were the old times... maybe a year ago i traded those intervention trades)
ever since ive been on a self searching path, looking for my own strategy that im comfortable with trading... and it seems i may have found one now....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,226
  • Oct 9, 2012 3:52am Oct 9, 2012 3:52am
EU on a buy and gu on the bottom of chanell.

expect some move up... maybe big

this morning fall can be fake.
or it will break then fall fall...
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  • #326,227
  • Oct 9, 2012 3:57am Oct 9, 2012 3:57am
Quoting bguguen
i am 20 years old today but ive been learning forex under my dad since 16, we ran a hedge fund 2 years back with bot trading but things went crashing, im back on the learning curve for now cuz im testing this strategy for manual trading, and things are looking good so far....
i have never been trained by any institution but an uncle of mine happens to be a hedge fund manager in Hong Kong, a well renown one too.... and he's retired now, so he had spare time to teach me for the past 3 years about forex, he was the one to tell me how markets are driven...
I'm interested to learn how to setup a hedge fund. Folks around my age some have money, but most don't have job, so its kind of sad.

I know forex in early 80's and back than we only have PDP 8 , the computer. Lower TF really doesn't make any sense.

-X-
deep RoT is essential for everlasting happyness
  • #326,228
  • Oct 9, 2012 3:59am Oct 9, 2012 3:59am
Quoting walkman
EU on a buy and gu on the bottom of chanell.

expect some move up... maybe big

this morning fall can be fake.
or it will break then fall fall...
Oooo 4th touch on the upwards trend you got there... be careful of a common trading term i learn from my friend Navin, "The Kiss of Death"
4th touch would wreck that line.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,229
  • Oct 9, 2012 4:00am Oct 9, 2012 4:00am
Quoting bguguen
well he quoted a post of mine if that helps you understand, but even i didnt know what he wanted to say....

sorry guys manufacturing production came in at -1.1 thats bad
  • #326,230
  • Oct 9, 2012 4:02am Oct 9, 2012 4:02am
Quoting nAVIN2007
sorry guys manufacturing production came in at -1.1 thats bad
oh i know.... nothing surprising.....
do you see Britain Manufacturing ANYTHING these days? but i did say this way back in June..... BoE QE, Double Dip Recession, now IMF Growth Downgrade...
but you knew about my huge rants back in summer when GBPUSD was about 1.58....

But Whats coming up next is UK losing the AAA rating and more QE. Mark my words.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,231
  • Oct 9, 2012 4:08am Oct 9, 2012 4:08am
Quoting bguguen
i am 20 years old today but ive been learning forex under my dad since 16, we ran a hedge fund 2 years back with bot trading but things went crashing, im back on the learning curve for now cuz im testing this strategy for manual trading, and things are looking good so far....
i have never been trained by any institution but an uncle of mine happens to be a hedge fund manager in Hong Kong, a well renown one too.... and he's retired now, so he had spare time to teach me for the past 3 years about forex, he was the one to tell me how markets are driven...
inside trader


how do you do it ? ''ring ring,ring ring

-hello?
-hi uncle,it's me,your nephew
-aa..what's up champ?
-could you tell me when to buy or sell..GU for example?
-sure son,I'll make a call to my ex buddies''

tadaaaaaaa and bguem makes another killer move on the market


p,.s. just kidding.you're lucky to have the whole family in this business to learn from.my dad was building planes
  • #326,232
  • Oct 9, 2012 4:08am Oct 9, 2012 4:08am
long from 1.6003
tp manual
tight sl
  • #326,233
  • Oct 9, 2012 4:10am Oct 9, 2012 4:10am
Quoting bguguen
Oooo 4th touch on the upwards trend you got there... be careful of a common trading term i learn from my friend Navin, "The Kiss of Death"
4th touch would wreck that line.
yep that's risky and it did LH. that's signal for trendline break, but still there are always buyers from trendlines
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  • #326,234
  • Oct 9, 2012 4:10am Oct 9, 2012 4:10am
Quoting terryjones
Poor gbp economic numbers. I think that will pressure UK into further easing and will then pressure the GBP.

I went short just around 1.6010 level. ANy thoughts?

YOu can see more of my reasons at my blog at www.effex-live.blogspot.com



Good luck!

I don't get it

I really don't

I mean there's nothing wrong in having a free blog but there is still not just free advert on this forum but it is more of a hussle for the users here to shift from one forum to another.....what's the point of not explaining here ?

oh boy
  • #326,235
  • Oct 9, 2012 4:12am Oct 9, 2012 4:12am
Quoting redbeben
inside trader


how do you do it ? ''ring ring,ring ring

-hello?
-hi uncle,it's me,your nephew
-aa..what's up champ?
-could you tell me when to buy or sell..GU for example?
-sure son,I'll make a call to my ex buddies''

tadaaaaaaa and bguem makes another killer move on the market


p,.s. just kidding.you're lucky to have the whole family in this business to learn from.my dad was building planes
Actually my dad is not into forex... he got INTERESTED in forex but i got left alone trading forex when our hedge fund crashed.... but he did get me help from my uncle to guide me a bit since my uncle is a retired hedge fund manager, soooo yea... he only taught me the fundamental side of things though.... since hedge funds they BUY when market keeps pushing down... so as long as the Trend is up the down move will always be met by a stronger up move... thats how investors work.... they buy whe price is falling and sell when price are rising. Thats investment.... but Forex trading... is Sell WITH the trend and Buy With the trend.

From the sounds of it... yoru DAD sounds a lot more interesting than my dad... Building planes are No easy job... he must be a mathamatical & engineering genius...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,236
  • Oct 9, 2012 4:14am Oct 9, 2012 4:14am
Quoting terryjones

I went short just around 1.6010 level. ANy thoughts?

IMHO its too low , proper place to short is between 6018 - 6024.
deep RoT is essential for everlasting happyness
  • #326,237
  • Oct 9, 2012 4:16am Oct 9, 2012 4:16am
Quoting X.work
IMHO its too low , proper place to short is between 6018 - 6024.
theres a chance that 6018-6024 has already been reached and ppl might have missed the train already....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,238
  • Oct 9, 2012 4:19am Oct 9, 2012 4:19am
Quoting bguguen
theres a chance that 6018-6024 has already been reached and ppl might have missed the train already....
that's why I said 6021 line in the sand
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  • #326,239
  • Oct 9, 2012 4:20am Oct 9, 2012 4:20am
Quoting redbeben
that's why I said 6021 line in the sand
yea well x.work didnt understand... ah wells... you looking forward for the break below 1.60?? if 1.60 gives way its gona be fast and furious drop dude....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,240
  • Oct 9, 2012 4:21am Oct 9, 2012 4:21am
Quoting bguguen
Actually my dad is not into forex... he got INTERESTED in forex but i got left alone trading forex when our hedge fund crashed.... but he did get me help from my uncle to guide me a bit since my uncle is a retired hedge fund manager, soooo yea... he only taught me the fundamental side of things though.... since hedge funds they BUY when market keeps pushing down... so as long as the Trend is up the down move will always be met by a stronger up move... thats how investors work.... they buy whe price is falling and sell when price are rising. Thats...
yeap,my dad is a far better mathematician than I'll ever be....and he's better with comps than I am

we are a fuc*** up generation as we only know less than the previous ones and this makes me sad.

my dad read over 1000 books and only his library holds some 800...my library-2 books on the side of the bed that I started 2 years ago and never had the chance to finish.
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