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Cable Update (GBPUSD)

  • #327,721
  • Oct 22, 2012 4:07am Oct 22, 2012 4:07am
Quoting fxtyrant
I sent an email to twee, asking him to change is as im applying to some internship with banks, and my previous username had my surname all over it
wise move
  • #327,722
  • Oct 22, 2012 4:10am Oct 22, 2012 4:10am
why did it rebound again. again shitty moves started.
  • #327,723
  • Oct 22, 2012 4:13am Oct 22, 2012 4:13am
Quoting Nachiket
why did it rebound again. again shitty moves started.
Maybe u havent heard me clearly but monday flows are generally stop hunting...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,724
  • Oct 22, 2012 4:34am Oct 22, 2012 4:34am
I'm Buy @1.6040 SL-1.6009 TP-1.6100 , But I may want to jump off the trade at 1.6080 ish. Keeping fingers crossed & Lets hope for the best!

Here is dollar index on renko chart. Not clearly in short side, but do have a bear candle formation. So if its going down "Great", if its not .. I'll only tolerate till it decides to close a bull candle to exit GBP/USD buy in a loss. No worries either way, max SL for me is 31 pips soo...
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To Your Success!!
  • #327,725
  • Oct 22, 2012 4:36am Oct 22, 2012 4:36am
There's been a recommendation by BNP long GBPUSD to 1.6800. What you guies think? It's supposed to be long term
  • #327,726
  • Oct 22, 2012 4:40am Oct 22, 2012 4:40am
Quoting Roberto99
There's been a recommendation by BNP long GBPUSD to 1.6800. What you guies think? It's supposed to be long term
just a tip , like any other and to be treated accordingly
  • #327,727
  • Oct 22, 2012 4:43am Oct 22, 2012 4:43am
Quoting chazzle
just a tip , like any other and to be treated accordingly
banks putting out recommendation to the public must be treated like any other recommendation to the public.... never to be trusted.
besides i wonder what BNP's previous recommendation on the GBPUSD was... it probably never got reached before this recommendation came out...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,728
  • Oct 22, 2012 4:47am Oct 22, 2012 4:47am
Quoting fxtyrant
banks putting out recommendation to the public must be treated like any other recommendation to the public.... never to be trusted.
besides i wonder what BNP's previous recommendation on the GBPUSD was... it probably never got reached before this recommendation came out...
yes bro. I remember one shitty recommendation of nomura to buy nzd at 0.8180 and stoploss was 0.8100 and that got it and then their target was achieved. 1.68 anybody can give. i will say 1.7. what is the definition of long term here is my next question
  • #327,729
  • Oct 22, 2012 5:02am Oct 22, 2012 5:02am
triangles and GU and EU.

Possible and long and short after break, but i looking for a short on GU
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  • #327,730
  • Oct 22, 2012 5:14am Oct 22, 2012 5:14am
Good day to you,

Cleared Friday late longs for a few.

Entering long again as we drop here. Support holding.

Regards
  • #327,731
  • Oct 22, 2012 5:23am Oct 22, 2012 5:23am
Quoting fxtyrant
banks putting out recommendation to the public must be treated like any other recommendation to the public.... never to be trusted.
besides i wonder what BNP's previous recommendation on the GBPUSD was... it probably never got reached before this recommendation came out...
I actually still don't fully understand the mechanics of forex, but don't banks lose money when we win? This is a serious question as I still don't fully understand the other side of the trading process.

I'm curious if many traders have seen many good bank recommendations (trade reco's that have worked well).

Out of curiosity only, I check out the FF news items, recommendations and other "suggestive" material in the FF news section, and honestly, I kid you not, I think I would be quite a successful trader if I just did the opposite of what was being suggested, recommended or alluded to.
Come with me if you want to live....
  • #327,732
  • Oct 22, 2012 5:33am Oct 22, 2012 5:33am
Quoting Ill-b-back
I actually still don't fully understand the mechanics of forex, but don't banks lose money when we win? This is a serious question as I still don't fully understand the other side of the trading process.

I'm curious if many traders have seen many good bank recommendations (trade reco's that have worked well).

Out of curiosity only, I check out the FF news items, recommendations and other "suggestive" material in the FF news section, and honestly, I kid you not, I think I would be quite a successful trader if I just did the opposite of what...
you are rite. but their orders are in millions and urs in 1000 or probably 100's. for you losing 1000's is a big deal. for them losing millions is nothing. they don't trade with their money. it is client's money. their margins are on the spreads and on the client recommendation newsletter services/tips
  • #327,733
  • Oct 22, 2012 5:33am Oct 22, 2012 5:33am
Quoting Nachiket
you are rite. but their orders are in millions and urs in 1000 or probably 100's. for you losing 1000's is a big deal. for them losing millions is nothing. they don't trade with their money. it is client's money. their margins are on the spreads and on the client recommendation newsletter services/tips
so net net u are a loser
  • #327,734
  • Oct 22, 2012 5:34am Oct 22, 2012 5:34am
Quoting Ill-b-back
I actually still don't fully understand the mechanics of forex, but don't banks lose money when we win? This is a serious question as I still don't fully understand the other side of the trading process.

I'm curious if many traders have seen many good bank recommendations (trade reco's that have worked well).

Out of curiosity only, I check out the FF news items, recommendations and other "suggestive" material in the FF news section, and honestly, I kid you not, I think I would be quite a successful trader if I just did the opposite of what...
Thats what im saying... Its not really the retail traders the Big banks are after... its the hedgefund guys and the speculators....
in this world of forex....
Big Banks are the biggest liquidity to trade, banks are probably trading at leverages 1:1 or 1:2 or even 1:5 , but hedge funds are the guys trading around 1:20-1:50.... Now ...
When banks make recommendations like these they attract both Retail Traders (at leverage 1:50 - 1:500) and these Hedge Fund guys... The Bigger the leverage, the bigger they make big money because leverage in essence is trading borrowed money.... while you are trading 1:200 someone is losing 1:199 out of your leverage....

Anyways.... big banks are up and against the 30% of the market which is the hedge funds and retailers....
so they put up recommendation to try to trick enough of the 30% of people to fall into their trap...

dont you ever realise you make good money when you do exactly the opposite of what the banks recommend in the public??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,735
  • Oct 22, 2012 5:44am Oct 22, 2012 5:44am
this will open 1.5970.
  • #327,736
  • Oct 22, 2012 5:45am Oct 22, 2012 5:45am
Quoting Nachiket
this will open 1.5970.

also euro has to oblige
  • #327,737
  • Oct 22, 2012 5:52am Oct 22, 2012 5:52am
Quoting Nachiket
this will open 1.5970.
personally im just watching Dexter while i wait and see account in more profits....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,738
  • Oct 22, 2012 7:26am Oct 22, 2012 7:26am
Quoting Tsar
Estimate for Next Week http://ruforum.mt5.com/images/smilies/18.gif


http://ruforum.mt5.com/images/smilies/beach.gif on the http://ruforum.mt5.com/images/smilies/swim.gif



Take Care http://ruforum.mt5.com/images/smilies/driver.gif

... http://ruforum.mt5.com/images/smilies/kr.gif
Always looking the GREAT, never left GOOD Point...
  • #327,739
  • Edited 8:16am Oct 22, 2012 8:03am | Edited 8:16am
flag

eu wedge
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Attached Image
  • #327,740
  • Oct 22, 2012 8:24am Oct 22, 2012 8:24am
Quoting fxtyrant
personally im just watching Dexter while i wait and see account in more profits....
Dexter new season, totally forgot. Nice outlook this evening. Thanks for the reminder

-2% today. Hopefully recovering later this week...
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