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Cable Update (GBPUSD)

  • #340,441
  • May 10, 2013 6:58am May 10, 2013 6:58am
Quoting Robby
I hope you are not still on the long side. This thing is fixing to go next week. If you are holding long you really need to re-look at your charts and set you some stops so you do not get wipe out.{quote}
robby, dont worry too much bout nav... hes got tremendous patience for a trade to turn his way
hes one of those monthly chart traders who simply place a trade and forget about it until it turns his way....
ive had a phone chat with him and him longing as low down at 1.48 didnt cause him any panic.... his account wasnt even on the brink of margin call as low down as there....
his account is pretty darn safe if you ask me... but he doesnt risk much either...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,442
  • May 10, 2013 7:01am May 10, 2013 7:01am
Quoting Niranj
i m hoping for this pair to fall to 1.54 in next 2 days. for that it needs to come down by at least 50 pips before close of US session
Yippeeee as i said couple of days ago , delayed by few hours but hit my target
  • #340,443
  • May 10, 2013 7:09am May 10, 2013 7:09am
Quoting fxtyrant
{quote} you baher, read this link and also check the date i posted it... and see where the price of AUDUSD is now.. AHAHAHHA
pass the link buddy..

oh and today's vid edition was really excellent.. i think you git annoyed by skype in the middle and that is what distracted you just for a bit..
very appreciated efforts and please keep it coming..

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,444
  • May 10, 2013 7:15am May 10, 2013 7:15am
Maso, my friend, thanx for the greeting! its nice to see you post on any day not just today

today feels like just waiting for the price "act" its way down so clearly it feels like a day off from tech analysis imo.. which is a nice thing..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,445
  • May 10, 2013 7:16am May 10, 2013 7:16am
Quoting baherhosni
{quote} pass the link buddy.. oh and today's vid edition was really excellent.. i think you git annoyed by skype in the middle and that is what distracted you just for a bit.. very appreciated efforts and please keep it coming.. cheers
oh my bad i forgotten the link... here you go
http://www.forexfactory.com/showthre...66#post6063666
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,446
  • May 10, 2013 7:22am May 10, 2013 7:22am
An interesting approach to weekly support leading up to Bernanke

Watching for break down or bounce up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 27 KB
Click to Enlarge Name: gbpusdweekly.png Size: 35 KB
Come with me if you want to live....
  • #340,447
  • May 10, 2013 7:26am May 10, 2013 7:26am
Quoting fxtyrant
{quote} you baher, read this link and also check the date i posted it... and see where the price of AUDUSD is now.. AHAHAHHA

you know buddy, sometimes i feel that trading style and strategies are like religions! it is not easy to get some one to convert his/her belief system.. do i make sense in saying this?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,448
  • May 10, 2013 7:30am May 10, 2013 7:30am
Quoting Ill-b-back
An interesting approach to weekly support leading up to Bernanke Watching for break down or bounce up {image} {image}

hey buddy whats up?what r u say about my chart r u think its right?look below monthly view
Attached Image (click to enlarge)
Click to Enlarge Name: big.png Size: 33 KB
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,449
  • May 10, 2013 7:36am May 10, 2013 7:36am
That's good. He did not seem like someone who had a large account. His actions tell me that he is either new or dose not understand how to read the data and make since of it or he is just in denial. It will go this way and I will not leave until it dose and to hell with the facts or reasons why. All of those attitudes will wipe out an account. To me he is displaying that type of attitude, it could cause him problems with his account. Why I said that. It was to only help him and not in anyway to put him down or anything else. Just to say, you need to take a second look at man and re-evaluate and see if you still agree with why you enter the longs now? If the new information has made a change in why you put those longs on. I was just trying to save him money. I do not like seeing anyone lose, but in order for me to win someone has to lose. Can not be one sided, everyone win all the time.
Quoting fxtyrant
{quote} robby, dont worry too much bout nav... hes got tremendous patience for a trade to turn his way hes one of those monthly chart traders who simply place a trade and forget about it until it turns his way.... ive had a phone chat with him and him longing as low down at 1.48 didnt cause him any panic.... his account wasnt even on the brink of margin call as low down as there.... his account is pretty darn safe if you ask me... but he doesnt risk much either...
  • #340,450
  • May 10, 2013 7:39am May 10, 2013 7:39am
Quoting eitan1010
{quote} hey buddy whats up?what r u say about my chart r u think its right?look below monthly view {image}
I really wouldn't know bro I'm sorry, If I was long from down there, I would have banked.

I also see a potential H&S type pattern (more of a Michellen man actually) on the break and right shoulder retest of the TL if it breaks

Come with me if you want to live....
  • #340,451
  • May 10, 2013 7:41am May 10, 2013 7:41am
Quoting Robby
That's good. He did not seem like someone who had a large account. His actions tell me that he is either new or dose not understand how to read the data and make since of it or he is just in denial. It will go this way and I will not leave until it dose and to hell with the facts or reasons why. All of those attitudes will wipe out an account. To me he is displaying that type of attitude, it could cause him problems with his account. Why I said that. It was to only help him and not in anyway to put him down or anything else. Just to say, you need...
From what I remember, he trades micro lots on quite a decent sized account, so lots of wriggle room allowed
Come with me if you want to live....
  • #340,452
  • May 10, 2013 7:46am May 10, 2013 7:46am
I do not trade micro lots. I do 100K lots and currently holding 50 100K lots short. I am finished adding unless the price just up above 1.54 then I will be back adding to my position. Anyways, he can still lose money with micro lots too. It's stupid to give money away. I hope everyone in here dose well. I know alot of people in here are in a position for very small moves and I am in it for the big move. The way it is moving week over week.
Quoting Ill-b-back
{quote} From what I remember, he trades micro lots on quite a decent sized account, so lots of wriggle room allowed
  • #340,453
  • May 10, 2013 7:54am May 10, 2013 7:54am
Quoting Robby
I do not trade micro lots. I do 100K lots and currently holding 50 100K lots short. I am finished adding unless the price just up above 1.54 then I will be back adding to my position. Anyways, he can still lose money with micro lots too. It's stupid to give money away. I hope everyone in here dose well. I know alot of people in here are in a position for very small moves and I am in it for the big move. The way it is moving week over week.{quote}
I was just trying to explain to you why his account is not in serious drawdown.

I agree it is an unusual way to trade but each to his own way.

The fact that you personally don't trade microlots is not really relevant to the topic of how nAV trades.
Come with me if you want to live....
  • #340,454
  • May 10, 2013 7:56am May 10, 2013 7:56am
Very nice to see it , gu price over 5360 , better say 50,46 or 5300 <let they go , gu 2955 breaks to 2931,2880 down , gold to break 1420 , actually towards 1400.
let they happen 1 leg down before settle for today /week & correct.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #340,455
  • May 10, 2013 7:57am May 10, 2013 7:57am
Inserted Video


this video explain why Bernanke will never stop QE
  • #340,456
  • May 10, 2013 8:02am May 10, 2013 8:02am
Quoting -sonny-
http://youtu.be/s-GWdpvgiIA this video explain why Bernanke will never stop QE

Yeah I'm not really sure he will either, but who knows.

I don't believe their employment figures, more like more part timers to avoid Obamacare

Maybe America will recover sustainably but they will have to stimulate economy and fight inflation at the same time.

Not easy
Come with me if you want to live....
  • #340,457
  • May 10, 2013 8:04am May 10, 2013 8:04am
Quoting Ill-b-back
{quote} I really wouldn't know bro I'm sorry, If I was long from down there, I would have banked. I also see a potential H&S type pattern (more of a Michellen man actually) on the break and right shoulder retest of the TL if it breaks

point of view...history
Attached Image (click to enlarge)
Click to Enlarge Name: big2.png Size: 38 KB
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,458
  • May 10, 2013 8:09am May 10, 2013 8:09am
Quoting baherhosni
Maso, my friend, thanx for the greeting! its nice to see you post on any day not just today today feels like just waiting for the price "act" its way down so clearly it feels like a day off from tech analysis imo.. which is a nice thing..
Bro just consider that we may see another gap on the opening next week. G7... Bernanke...
  • #340,459
  • May 10, 2013 8:11am May 10, 2013 8:11am
That is right it's not. I was only saying that you haft to get into the habits of protecting each trade. To let a trade go from + to - is stupid. Yes everyone has their own trading style and system or way to look at the data. Just like my trade. The trade is +, if the trade turns - witch it cannot due to stops set before it will go -, but if it dose then I haft to re-valuate why did this happen. I take each position and it stands on it's own. Sometime people hold on too their positions. When you do this and let that develop, it can really cause you problems if you move up from micro lots to normal size. Habits will kill you if you develop the wrong habits. That is all I was trying to say here. He is developing habits that are very bad. That habits will cause problems. Sure you can take a 250K account and bet 25 cents per tick and you can wait years for it to come your way. But is that really trading? No, that is a bad habit and stupid. Trading is to read the information you have and make a decision on how it will go over a certain time frame. The place a trade in that direction and look the exit with in a certain time frame. Not to basically flip a coin and take a position and wait until it get profitable. Then say you are trading because your not, you are not using your head just blindly putting down a bet and the size of the account saves you from having to be wrong. So you are masking the true problem you have by not being able to correctly place a trade.
Quoting Ill-b-back
{quote} I was just trying to explain to you why his account is not in serious drawdown. I agree it is an unusual way to trade but each to his own way. The fact that you personally don't trade microlots is not really relevant to the topic of how nAV trades.
  • #340,460
  • May 10, 2013 8:16am May 10, 2013 8:16am
Quoting -sonny-
http://youtu.be/s-GWdpvgiIA this video explain why Bernanke will never stop QE
Yea thats possible that ben benanke will never stop QE... however his days in the Federal reserve are numbered, he is going to be replaced by someone called Yellen.
so what you really should focus on is what Yellen is going to do.... not Ben... even if ben wants to keep printing.... hes going to disappear soon and so will his policies....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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