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  • #561
  • Jun 8, 2006 8:19am Jun 8, 2006 8:19am
Quoting nimakhaki
Hello everybody

i am new to forex market.. i have investet in buy GBP/USD but it is going down...

DO anybodu know what would happend to GBP/USD today. wich rate it will raise too

Thanx
maybe is going back..lets hope for you.
which price did you get in ?
  • #562
  • Jun 8, 2006 8:36am Jun 8, 2006 8:36am
thanx a lot..actually it is real money.... id did some good investment and now im stuck in to this trade... i do hope it would raise....

can anybody tell me how to lay my strategy in FOREX.

How do you guys start when you want to trade? What do you look at? >Charts?

is there a strategy that you guys want to share with me??

Thank you
  • #563
  • Jun 8, 2006 8:37am Jun 8, 2006 8:37am
There is likely to be strong resistance at the 1.8500 level, I wouldn't think it could go back up past this easily soon.
  • #564
  • Jun 8, 2006 8:38am Jun 8, 2006 8:38am
Hey buddy it sounds to me that you are gambling... no trading. You got lucky with your few first trades and now your luck is catching up with you. I would suggest you close all your trades and do some more studying before you start trading real money again.
  • #565
  • Jun 8, 2006 8:43am Jun 8, 2006 8:43am
You must consider many factors in Forex from my point of view
For sure:

- You must build your own system (with indicators)
- You must follow economical news , events, and conferences
- You must think also in the prospective of speculation...not only in logical way
- You must catch the mood of the market..(very important)

I think time will make you intuitive about forex.
You will learn what people are doing by looking how the price moves, the graphs etc..

Is not an easy job .. everybody has his own idea and mood...is the same like you have a big group of friends and everybody wants to go in a different pub
  • #566
  • Jun 8, 2006 8:45am Jun 8, 2006 8:45am
Quoting Dark1
There is likely to be strong resistance at the 1.8500 level, I wouldn't think it could go back up past this easily soon.
P{robably you are right. I can see only price from a web page refreshing every 10 seconds, so i dont know what is going on.
Im at work and cant trade
What did tehy say in the conference ?
  • #567
  • Jun 8, 2006 8:48am Jun 8, 2006 8:48am
I buyed 1.8606 and as you can see i am -200 $.

so i hope it would go 100 up so i dont loose that much.

I have only traded 10000 so the risk is 1 dollar pr pip.

But I just want to know how u guys startet and what charts did you use and where can I find all this information on what to trade the right time and all that???

Thanx
  • #568
  • Jun 8, 2006 8:50am Jun 8, 2006 8:50am
Nimakhaki, if you want to look for more information on buysignals, price-action and that sort of stuff, you might benefit a lot from reading this thread:

http://www.forexfactory.com/forexfor...ead.php?t=2331

It helped me a LOT, and so did joining the private forum, but that is just my opinion.

Good luck, and hoping Cable will go back up then..

L.A.
  • #569
  • Jun 8, 2006 8:55am Jun 8, 2006 8:55am
Quoting nimakhaki
I buyed 1.8606 and as you can see i am -200 $.

so i hope it would go 100 up so i dont loose that much.

I have only traded 10000 so the risk is 1 dollar pr pip.

But I just want to know how u guys startet and what charts did you use and where can I find all this information on what to trade the right time and all that???

Thanx
Im at work so i cant really say whats happening , but as you are not into the trade with big amounts maybe wait a bit more.
pound for me now is in a big oversold, so a correction up can be possible, at least of 70 or 80 pips
But the desicion is yours
  • #570
  • Jun 8, 2006 9:04am Jun 8, 2006 9:04am
Oy Vay!!!



Quoting nimakhaki
Hello everybody

i am new to forex market.. i have investet in buy GBP/USD but it is going down...

DO anybodu know what would happend to GBP/USD today. wich rate it will raise too

Thanx
  • #571
  • Jun 8, 2006 9:08am Jun 8, 2006 9:08am
I started with the Beginner's forum. It helped me a lot and gave me pointers to all kinds of places to learn. Lots of good info there.


Squid
  • #572
  • Jun 8, 2006 9:16am Jun 8, 2006 9:16am
Nice to hear that everybody wants to help... i signed in yesterday..and im very positive..

I have my trading account at fxuniversal.com

They provide me with good service and platform.. does anybody know this.

well it seems that the cable is going up again
  • #573
  • Jun 8, 2006 10:02am Jun 8, 2006 10:02am
Arent these guys a signal service? Is this where you got your signals from?
  • #574
  • Jun 8, 2006 10:07am Jun 8, 2006 10:07am
Quoting nimakhaki
thanx a lot..actually it is real money.... id did some good investment and now im stuck in to this trade... i do hope it would raise....

can anybody tell me how to lay my strategy in FOREX.

How do you guys start when you want to trade? What do you look at? >Charts?

is there a strategy that you guys want to share with me??

Thank you
Do you want to make money in Forex? Then expect to spend the next 2 to 5 years learning how.

You asked about a strategy. I assume you mean a trading system. The quick answer is look at the Trading Systems thread in the Beginner's Forum and pick one that appeals to you.

BUT, let me let you in on a "secret". It isn't the trading system that makes you money. Sure, you got to have one, but by itself, it is not the key to making money in forex.

I suggest you do the following:

Read all the stickies in the Beginner's forum.

Read the James16 Chart Thread

Read the following books:

Trading in the Zone by Mark Douglas
High Probability Trading by Marcel Link
Trade Your Way to Financial Freedom by Van Tharp

Open a demo account and quit trading live money!

For charts, use MetaTrader4 from www.metaquotes.com

You are beginning a long journey. Have patience and pace yourself.

Make your focus learning to trade. Forget about the money for now. If you learn to trade FIRST, the money will follow.

Dial
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  • #575
  • Jun 8, 2006 3:00pm Jun 8, 2006 3:00pm
Given low volume readings, potential for implosion on break of 18530. Preferred view is that a larger [b] wave correction up from Nov 2005 low ended as 78.6% level at 19015 probed. Pressure on for 18530/18495 initially then 18415/18335. Close above 18760 refocuses 18880 then 18960/19030 again. [SESSION-FORECAST: HIGH: 1.8582 LOW 1.8450] Look for intraday supp at 18450/40 to hold up gains as market pauses. Below here targets 18340/30. Above 18610/30 dampens.
Attached Image
  • #576
  • Jun 8, 2006 5:12pm Jun 8, 2006 5:12pm
Hi,
I'm still new to this wave counting. If I'm not mistaken we're probably reached the end of this corrective wave. Wave 3 is the same as wave 1 (price range), slightly more though. Looks like we're also in a bullish flag.
Attached Image
Keeping it Simple
  • #577
  • Jun 17, 2006 10:38am Jun 17, 2006 10:38am
Preferred view is larger wave correction up from Nov 2005 low ended as 78.6% level at 19015 probed. We favor decline to 18260/18175 zone where may see a bounce. Below 18150 however (sell break) focuses on key 17935. Above 18495/ 18530 stabilizes, for 18630 (sell again). [SESSION-FORECAST: HIGH: 1.8583 LOW 1.8367] May see extension to 18530/18575 region as intraday looks positive. Needs below 18365/55 to reassert bear tone and open way for a decline to 18205.

800x600 chart
  • #578
  • Jun 19, 2006 7:24am Jun 19, 2006 7:24am
Preferred view on cable is a larger wave correction up from Nov 2005 low ended as 78.6% level at 19015 probed. Favor decline to 18260/18175 zone where may see a bounce. Below 18150 however focuses on key 17935 (below here confirms bear market back in force). Close above 18630, turns tide, focusing on 18750 next. [SESSION-FORECAST: HIGH: 1.8487 LOW 1.8375] Corrective bounce likely topped at 18560, so while 18470/18490 now cap, favor decline through 18400/18370 to retest 18315.

chart
  • #579
  • Jun 26, 2006 10:42pm Jun 26, 2006 10:42pm
Shorted this pair earlier today for a few pips and hoping to catch some more on the uptrend.

Long at 1.8277, TP 1.8465, SL 1.8163.
Attached Image
  • #580
  • Jun 27, 2006 9:03am Jun 27, 2006 9:03am
what happened to poor pound ??

lost the energies and dont move anymore ??
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