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Cable Update (GBPUSD)

  • #364,821
  • Feb 19, 2014 11:18am Feb 19, 2014 11:18am
The fact is that we are close to 1,80 than ever before...

Ladies, & Gent, last call for going south... the sooner one get in the better
The good thing with the future is that it is progressively approaching...
  • #364,822
  • Feb 19, 2014 11:19am Feb 19, 2014 11:19am
Quoting DailyChart
{quote} Remember when I am long from 1.63xx - I am like mass/crowded trade against me - i wont give any much bullshit here - simple technical - make the profits or accept your loss - dont hold your loss regards
What I see that Today it will close around 664x and see you all bulls!!!! Kapish
  • #364,823
  • Feb 19, 2014 11:31am Feb 19, 2014 11:31am
Quoting DailyChart
{quote} Remember when I am long from 1.63xx - I am like mass/crowded trade against me - i wont give any much bullshit here - simple technical - make the profits or accept your loss - dont hold your loss regards
Mate, forget about mass crowd here. There are only plenty of them could provide really valuable information such as Ken A is one good example. I also start to away from here because I start to feel their comments sometime really make me confusing to my own decision.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,824
  • Feb 19, 2014 11:38am Feb 19, 2014 11:38am
Quoting kimisiow83
{quote} Mate, forget about mass crowd here. There are only plenty of them could provide really valuable information such as Ken A is one good example. I also start to away from here because I start to feel their comments sometime really make me confusing to my own decision. Regards

Ken A is a open minded member - he learn a lot from his past mistakes when he is believe the mass that said euro will crash - and he know what I am talking about - I know he will make it - he learn from the best technical master currently and he is Mr.Gator

Btw,I am like a lot your philosophy - keep post mate
  • #364,825
  • Feb 19, 2014 11:47am Feb 19, 2014 11:47am
Selling USD JPY, Long GBPUSD. Hawkish comments by Fed minutes don't mean anything since Ms Yellen has already made it clear there is still a lot of room to improve before rates are hiked... This is MM selling into the temporary USD strength.
Its all in the mind.
  • #364,826
  • Feb 19, 2014 11:47am Feb 19, 2014 11:47am
Quoting kimisiow83
{quote} Mate, forget about mass crowd here. There are only plenty of them could provide really valuable information such as Ken A is one good example. I also start to away from here because I start to feel their comments sometime really make me confusing to my own decision. Regards
Kim.. If someone elses opinion is able to sway your own.. You should closely examine your trading.

People are going to yell buy and sell.. You don't follow the masses. You either stick to your guns or you get shot!
There are those who know, and there are those who don't know.
  • #364,827
  • Feb 19, 2014 11:48am Feb 19, 2014 11:48am
Quoting DailyChart
{quote} Ken A is a open minded member - he learn a lot from his past mistakes when he is believe the mass that said euro will crash - and he know what I am talking about - I know he will make it - he learn from the best technical master currently and he is Mr.Gator Btw,I am like a lot your philosophy - keep post mate
Thanks mate to agree my philosophy. I agree Ken A is an open minded member, and he could provide a lot of valuable information, at least to me. I have learnt my lesson just now, although 10 pips loss only, but a mistake that I shouldn't had been done. I am lucky that couple weeks ago, I didn't follow what DAVIT and FFLEO says about GBP and EUR will crash, laughing me for buying on both and of course I insist my own decision to BUY LONG TERM all the way.

Best regards.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,828
  • Feb 19, 2014 11:49am Feb 19, 2014 11:49am
Quoting DailyChart
{quote} Ken A is a open minded member - he learn a lot from his past mistakes when he is believe the mass that said euro will crash - and he know what I am talking about - I know he will make it - he learn from the best technical master currently and he is Mr.Gator Btw,I am like a lot your philosophy - keep post mate
Daily you seem like your trying to be right, and when your wrong your trying to defend it. There is nothing wrong with what you've said the technical said one thing.. But there is false positives.. We need to acknowledge that. I'm a purely technical trader, and my system has false positive, but I manage my risk and my positions. It's not about who's right or wrong.

If we were right 100% of the time.. It wouldn't be a market.
There are those who know, and there are those who don't know.
  • #364,829
  • Feb 19, 2014 11:51am Feb 19, 2014 11:51am
Quoting kimisiow83
{quote} Thanks mate to agree my philosophy. I agree Ken A is an open minded member, and he could provide a lot of valuable information, at least to me. I have learnt my lesson just now, although 10 pips loss only, but a mistake that I shouldn't had been done. I am lucky that couple weeks ago, I didn't follow what DAVIT and FFLEO says about GBP and EUR will crash, laughing me for buying on both and of course I insist my own decision to BUY LONG TERM all the way. Best regards.
As I said - In the End Market will give us the proof
  • #364,830
  • Feb 19, 2014 11:53am Feb 19, 2014 11:53am
Quoting palabara
{quote} Kim.. If someone elses opinion is able to sway your own.. You should closely examine your trading. People are going to yell buy and sell.. You don't follow the masses. You either stick to your guns or you get shot!
Thanks for advice mate. I just learnt a very big lesson just now, a 10 pips of loss, and a mistake that I shouldn't have been done. Yes, I am closely examine my trading now, and I will be away from here now when I need decision making. Never ever mistake for twice.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,831
  • Feb 19, 2014 11:53am Feb 19, 2014 11:53am
Quoting palabara
{quote} Daily you seem like your trying to be right, and when your wrong your trying to defend it. There is nothing wrong with what you've said the technical said one thing.. But there is false positives.. We need to acknowledge that. I'm a purely technical trader, and my system has false positive, but I manage my risk and my positions. It's not about who's right or wrong. If we were right 100% of the time.. It wouldn't be a market.
Read my post at euro thread - I never defend if I am wrong - I never average my loss - I never hold my loss - I am accept it - I wont give any bullshit here and there if the number I am give or the position I took is wrong - simple like that


Regards
  • #364,832
  • Feb 19, 2014 11:53am Feb 19, 2014 11:53am
So.. GBP bears look to be in play.. and I think whoever bought into it.. That raised it up.. Will start to liquidate some of the funds.. Otherwise.. lots of red on their books.

All this is going to weigh on the GBP.

I'm holding my shorts till my goal of 1.6553

I took another short on EUR to offset my other short.. I think their is to much weight on it now and will see a re-test back to 1.35XX
I'm keeping it tight with the Resistance.. 1.3775 It didn't have enough juice to break through before.. i think it will have even less now.. So like that I'll be able to B/E my old position and collect profit on this one instead.
There are those who know, and there are those who don't know.
  • #364,833
  • Feb 19, 2014 11:54am Feb 19, 2014 11:54am
Quoting DailyChart
{quote} Read my post at euro thread - I never defend if I am wrong - I never average my loss - I never hold my loss - I am accept it - simple like that Regards
Maybe different cultures have "defend" viewed differently, but fair enough.
There are those who know, and there are those who don't know.
  • #364,834
  • Feb 19, 2014 11:55am Feb 19, 2014 11:55am
Quoting palabara
{quote}It's not about who's right or wrong. If we were right 100% of the time.. It wouldn't be a market.
wise! couldn't agree more!
A handful of patience is worth a bushel of brains
  • #364,835
  • Feb 19, 2014 11:57am Feb 19, 2014 11:57am
Quoting kimisiow83
{quote} Thanks for advice mate. I just learnt a very big lesson just now, a 10 pips of loss, and a mistake that I shouldn't have been done. Yes, I am closely examine my trading now, and I will be away from here now when I need decision making. Never ever mistake for twice. Regards
Very Wise Indeed -


Regards
  • #364,836
  • Feb 19, 2014 11:59am Feb 19, 2014 11:59am
Quoting palabara
{quote} Maybe different cultures have "defend" viewed differently, but fair enough.

Its Ok - I dont care who they are in this forum - as long they respect every members and never call them idiot then he will have my respect


Thank You
  • #364,837
  • Feb 19, 2014 12:00pm Feb 19, 2014 12:00pm
Quoting DailyChart
{quote} Read my post at euro thread - I never defend if I am wrong - I never average my loss - I never hold my loss - I am accept it - I wont give any bullshit here and there if the number I am give or the position I took is wrong - simple like that Regards
Average loss is very big of mistake in trading. Only Average profit could survive in trading. I set my own simple rules and always the same. Start with small, keep add more position when it is on direction, EXIT everything when setup failed. Win big and loss small, very easy trading. Keeping add on loss position is newbie behavior.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,838
  • Feb 19, 2014 12:04pm Feb 19, 2014 12:04pm
Quoting kimisiow83
{quote} Average loss is very big of mistake in trading. Only Average profit could survive in trading. I set my own simple rules and always the same. Start with small, keep add more position when it is on direction, EXIT everything when setup failed. Win big and loss small, very easy trading. Keeping add on loss position is newbie behavior. Regards

never withdraw yourself from this forum temporarly mate - I have a lot life thing for sharing with you - trading have a strong relationship with our life - by understanding how human reacts then we will know how this market works



Regards
  • #364,839
  • Feb 19, 2014 12:06pm Feb 19, 2014 12:06pm
Quoting DailyChart
{quote} Its Ok - I dont care who they are in this forum - as long they respect every members and never call them idiot then he will have my respect Thank You
No people have rights to call anyone idiot or muppet. Everybody have their own view. We need not to defend about anything, human being are not perfect. I do have mistake and setup failed sometime having loss trade, but I know in long term I am doing great. There is nothing to defend for, setup will failed, but important is profit in long term.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,840
  • Feb 19, 2014 12:12pm Feb 19, 2014 12:12pm
Quoting kimisiow83
{quote} No people have rights to call anyone idiot or muppet. Everybody have their own view. We need not to defend about anything, human being are not perfect. I do have mistake and setup failed sometime having loss trade, but I know in long term I am doing great. There is nothing to defend for, setup will failed, but important is profit in long term. Regards
Well said.
Fix up, trade sharp ...
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