Cable Update (GBPUSD)
{quote} Yes, retail doesn't have the majority in forex, obviously, but who do you think the banks target? The big banks are all buddies, they just take money from retail and small banks. Thinking that this game is random is naive, nothing where big money is at, is random.
{quote}One cannot be free to succeed unless one is also free to fail. It's all about our freedoms being taken away by an ever overreaching government. ... If I were trading 5 million US, EU or whatever, it is a drop in the bucket so it is amusing to think anyone is "hunting" their stop. FX is just a business. Same principals in a construction company or hardware store apply.
{quote} I think u missing the point.it isnt about retail and money it is about retail in general are 75% wrong, majority of the time..like right now its like 70% of ff is short..this tells me that long maybe the way..its just statistics
{quote} Enjoy the manual work, if thats what you mean. Helps to clean the head, at least for me.
{quote} Well, everytime I say the moves before they happen, not after. And numbers also. The numbers I have been calling on GU the past few weeks all got hit, every single one of them. Thats only, because I don't trade it, of course, if I did, I bet I wouldn't be able to call them so well.
{quote} this is easy: ask someone to trade for you; you make the calls and he will trade
{quote} FF % are not accurate, because most accounts here are demo accounts. If you check the major brokers, longs/shorts are around 50/50 right now, maybe thats why its so choppy within a range, banks don't know who first to steal from.
{quote}I'm old enough to know that anything that government has anything to do with is not random. Again, what difference does it make why it goes up or down. We all have two options -- look for reasons to fail or look for opportunities to succeed. I choose the latter! Cheers!
cheers{quote} FF % are not accurate, because most accounts here are demo accounts. If you check the major brokers, longs/shorts are around 50/50 right now, maybe thats why its so choppy within a range, banks don't know who first to steal from.
{quote} again being on a demo..makes no difference because it is about right or wrong..infact this probably makes the corelation even stronger because people on demo are more likely to be wrong
... Beat me to it brother. {quote} again being on a demo..makes no difference because it is about right or wrong..infact this probably makes the corelation even stronger because people on demo are more likely to be wrong
{quote} Haha!
{quote} While I agree completely about the stats here at FF being unreliable, it has nothing to do with demo or live IMHO. Right is right and wrong is wrong. Live or demo (overall) has nothing to do with being correct or not. It's simply such a miniscule sample of the retail market. With roughly 300k members here, even if 100% were actively trading 100% of the time AND they were being recorded as such here (everyone had a TE), like I said, a miniscule sample.
{quote} I think people are mostly right on demo, because they trade without emotions...how many times a new trader starts on demo, wins for months and then enters with real money and blows the account within a week. I wish I could turn my emotions off, but its so hard.
if u guys didnt short that obvious resistance at 1.6220 i dont know how else to explain it better
