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Cable Update (GBPUSD)

  • #344,081
  • Jul 19, 2013 8:00am Jul 19, 2013 8:00am
Quoting Fxv
{quote} yes need wait confirmation
H1 closed exact 1.5250. What now? Wait another candle for re-confirm?
  • #344,082
  • Jul 19, 2013 8:10am Jul 19, 2013 8:10am
Quoting Lucky_FX
{quote} H1 closed exact 1.5250. What now? Wait another candle for re-confirm?
Lucky, if you're going to have any shot at trading, you simply have to learn to make your own trading decisions. Either that or let a professional handle your $$$. Coming onto a blog and asking random people is a sure fire recipe for margin call.
  • #344,083
  • Jul 19, 2013 8:20am Jul 19, 2013 8:20am
Quoting BoringIsGood
{quote} Lucky, if you're going to have any shot at trading, you simply have to learn to make your own trading decisions. Either that or let a professional handle your $$$. Coming onto a blog and asking random people is a sure fire recipe for margin call.
I am making my own decisions. I just want to see whether the things i see in my chart also acceptable in other people chart. Everyone wants to profit in the end, right?
  • #344,084
  • Jul 19, 2013 8:25am Jul 19, 2013 8:25am
As for me i dont care about others, if i want to short or long i just do it. and if i'm wrong just learn the lesson and move on..

currently i just i just short GBP.. let see
  • #344,085
  • Jul 19, 2013 8:31am Jul 19, 2013 8:31am
Quoting Lucky_FX
{quote} I am making my own decisions. I just want to see whether the things i see in my chart also acceptable in other people chart. Everyone wants to profit in the end, right?
There are plenty of people that lose in this market. What if they say your chart isn't acceptable? That is more harmful than helpful. Gotta find your own style and trade off it.

Just trying to share but everyone has to learn these lessons on their own.
  • #344,086
  • Jul 19, 2013 8:55am Jul 19, 2013 8:55am
As we see now, GU temporary uptrend. We don't have clear news yet. Movement by momentum at daily chart show us that this pair still going up, (my opinion). It's still testing resistance 1.5265 H1 chart.

we just hope.. you hope that this pair will go short, me.. hope this will go long..
  • #344,087
  • Jul 19, 2013 9:31am Jul 19, 2013 9:31am
very boring day.....
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,088
  • Jul 19, 2013 9:55am Jul 19, 2013 9:55am
Quoting JasmineQu
Shorted @ 5248, not feel so good, but plan to add shorts @5280, 5300,5350 if possible, or maybe 5400, all SL somewhere above 54XX. I see 1000pips down in month chart, anyone with me ?
I am with you, just be patience and focus for better entry signals. The best is the SHORT trades are supported by fundamental events/news.
  • #344,089
  • Jul 19, 2013 12:17pm Jul 19, 2013 12:17pm
Quoting siewhf
{quote} I am with you, just be patience and focus for better entry signals. The best is the SHORT trades are supported by fundamental events/news.

short biased myself but will wait patiently for right set up.
In trading, you have to be defensive and aggressive at the same time
  • #344,090
  • Jul 19, 2013 12:22pm Jul 19, 2013 12:22pm
Quoting Lucky_FX
{quote} I am making my own decisions. I just want to see whether the things i see in my chart also acceptable in other people chart. Everyone wants to profit in the end, right?

Just keep in mind that retail Forex is only 6% of the market, vast bulk controlled by Banks,hedge funds in short "big Boys"
So we can all say Long and we can all be wrong!or other way around.
80% of retail traders were long on Aussie from 99 but it did not stop it to fall to 90
I am just giving you a perspective.Learn to trade yourself.
In trading, you have to be defensive and aggressive at the same time
  • #344,091
  • Jul 19, 2013 12:34pm Jul 19, 2013 12:34pm
Quoting Davit
{quote} Just keep in mind that retail Forex is only 6% of the market, vast bulk controlled by Banks,hedge funds in short "big Boys" So we can all say Long and we can all be wrong!or other way around. 80% of retail traders were long on Aussie from 99 but it did not stop it to fall to 90 I am just giving you a perspective.Learn to trade yourself.
Most of retail trades go no where near the market full stop. 6% sounds high where do you get that from?
  • #344,092
  • Jul 19, 2013 12:47pm Jul 19, 2013 12:47pm
Quoting claudia1
{quote} Most of retail trades go no where near the market full stop. 6% sounds high where do you get that from?

Just Google it
I get 6-14% depending on data.It seems 6% is valid share.
If you find less number % post the link please.
In trading, you have to be defensive and aggressive at the same time
  • #344,093
  • Jul 19, 2013 12:56pm Jul 19, 2013 12:56pm
Quoting Davit
{quote} Just Google it I get 6-14% depending on data.It seems 6% is valid share. If you find less number % post the link please.
Doesn't really matter - most people on here on demo anyway. I thought the figure sounded high only because most of retail spot never sees the real market - sticks with the bucket shop/market maker.
  • #344,094
  • Jul 19, 2013 1:01pm Jul 19, 2013 1:01pm
Quoting nAVIN2007
{quote} ... I cannot post chart from live platform as alpari have distorted the candles (they are wrong)..good thing i know this) ...
I am also with Alpari - could tell me in what way they are wrong? TIA

Karel
  • #344,095
  • Jul 19, 2013 1:05pm Jul 19, 2013 1:05pm
Quoting claudia1
{quote} Doesn't really matter - most people on here on demo anyway. I thought the figure sounded high only because most of retail spot never sees the real market - sticks with the bucket shop/market maker.

You do realize that your posts were irrelevant.
1st you disagree then you say "does not matter" the beauty of FF
In trading, you have to be defensive and aggressive at the same time
  • #344,096
  • Jul 19, 2013 1:09pm Jul 19, 2013 1:09pm
Quoting Davit
{quote} You do realize that your posts were irrelevant. 1st you disagree then you say "does not matter" the beauty of FF
well it doesn't matter. I trade for a living most here haven't got a clue. There are some good ones but few and far between.
  • #344,097
  • Jul 19, 2013 2:40pm Jul 19, 2013 2:40pm


90% of traders use TA, indicators and prediction
  • #344,098
  • Jul 19, 2013 2:59pm Jul 19, 2013 2:59pm
Quoting _BBKing_
You got to wonder. This morning they all going short around the 50 level we sail through the weeks high lol where they gone? Very quiet lol.
  • #344,099
  • Jul 19, 2013 3:06pm Jul 19, 2013 3:06pm
Quoting claudia1
{quote} Hi Rexio - we coming close to the high of the week. That maybe the place to short. Dunno I'm done for the week anyway.
Indeed...
makes you wonder....
lol...
Come with me if you want to live....
  • #344,100
  • Jul 19, 2013 3:21pm Jul 19, 2013 3:21pm
Quoting claudia1
{quote} You got to wonder. This morning they all going short around the 50 level we sail through the weeks high lol where they gone? Very quiet lol.


I can tell u are an extremely good trader
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