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Cable Update (GBPUSD)

  • #442,521
  • Oct 5, 2016 6:29am Oct 5, 2016 6:29am
Quoting HaLBot
{quote} Hey Dean..I tried to PM you the other day but it said I couldn't....maybe you got a secret ignore list.....LOL Anyway wanted to say great news about upcoming projects...
All is cool Hal - taking a break - will make sure your on the VIP list ..
  • #442,522
  • Oct 5, 2016 6:31am Oct 5, 2016 6:31am
Quoting cliffedwards
{quote} Youre right in all you say. BUT.. IMHO. it is CURRENTLY POLITICALLY impossible. And a vote to Remain by MPs would throw the country the Government and the Conservative Party into CHAOS. SERIOUS CHAOS. What NEEDS to happen is a SECOND REFERENDUM.. in 2two years time.. NOT to Challenge the Brexit decision.. but to APPROVE the exit terms the Government has achieved. Remember the voter opted for a course of action with out knowing the COST.. WE wont KNOW the COST for two years. Deciding to buy a new car is one thing but when you dont know the...
Sorry re-read your post there is an argument for this i.e. a soft Brexit/ hard Brexit.
  • #442,523
  • Oct 5, 2016 6:32am Oct 5, 2016 6:32am
Quoting cliffedwards
{quote} Youre right in all you say. BUT.. IMHO. it is CURRENTLY POLITICALLY impossible. And a vote to Remain by MPs would throw the country the Government and the Conservative Party into CHAOS. SERIOUS CHAOS. What NEEDS to happen is a SECOND REFERENDUM.. in 2two years time.. NOT to Challenge the Brexit decision.. but to APPROVE the exit terms the Government has achieved. Remember the voter opted for a course of action with out knowing the COST.. WE wont KNOW the COST for two years. Deciding to buy a new car is one thing but when you dont know the...
you are right, but based on the articles i shared(post #442,491), there is a probability that brexit get vetoed. if the supreme court votes in favor of the people, parliament will get a second chance. instead of making the best of a bad situation. no one knows the cost. but markets hate uncertainty. past week have shown that
  • #442,524
  • Oct 5, 2016 6:32am Oct 5, 2016 6:32am
Is there any good move on ADP NF news? which way it can be? H4 pattern is of upward. Am i right?
  • #442,525
  • Oct 5, 2016 7:05am Oct 5, 2016 7:05am
Quoting HaLBot
{quote} Also I think you need to get with some guys who trade to get better at trading....
I think I should get in touch with you as well .

I havent lost anything on cable this week, but then again I have been avoiding it and trying to get peoples opinions here, because its so unpredictable now
  • #442,526
  • Oct 5, 2016 7:06am Oct 5, 2016 7:06am
Quoting 4xxxx4
Is there any good move on ADP NF news? which way it can be? H4 pattern is of upward. Am i right?
The 4 hour candle before this one is a bullish signal being a Pin Bar and this present 4 hour could turn bullish after the US ADP employment figures due out in 10 minutes but there is no guarantee it will in this environment
Don't Leave Money on the Table
  • #442,527
  • Oct 5, 2016 7:13am Oct 5, 2016 7:13am
hmmm. timberrrr or thar she blowwwwss?
  • #442,528
  • Oct 5, 2016 7:21am Oct 5, 2016 7:21am
Lately bad US news, and good GB news....tick tick, lets wait now
Make money by doing the opposite of Giveachance aka loser
  • #442,529
  • Oct 5, 2016 7:21am Oct 5, 2016 7:21am
Ready to load . Fly to the moon.
Trade with knowledge
  • #442,530
  • Oct 5, 2016 7:31am Oct 5, 2016 7:31am
loaded and ready...
  • #442,531
  • Oct 5, 2016 7:33am Oct 5, 2016 7:33am
Quoting dean1star
{quote} Nice one WD .. totally understand your thinking - you know just being around here and not trading is like so much more fun .. lol btw i think you may have noticed that trading these days with cable is just guessing or mind reading their moves, little logic thats for sure - you know the other day i closed the longs because the news uk was good but they were ignoring it which was a clear message .. find the clues it helps to trade.
Cheers Dean, I'll keep in touch..
Striving for consistency
  • #442,532
  • Edited 7:49am Oct 5, 2016 7:35am | Edited 7:49am
Quoting USD-charts
{quote} I think I should get in touch with you as well . I havent lost anything on cable this week, but then again I have been avoiding it and trying to get peoples opinions here, because its so unpredictable now
Cheers USD for vote of confidence but will be a while before I can teach anyone FX...I'm still learning a lot of stuff myself and when I'm consistently profitable I'll start helping other to become profitable...

I need one of those Red stars next to my name.....
Don't Leave Money on the Table
  • #442,533
  • Oct 5, 2016 7:39am Oct 5, 2016 7:39am
My first post but following this since months ago. ADP NF results are not pulling up the cable. Interesting to see next hours movements.
  • #442,534
  • Oct 5, 2016 7:49am Oct 5, 2016 7:49am
Quoting HaLBot
{quote} Also I think you need to get with some guys who trade to get better at trading....
you are certainly not implying people hanging out here don't trade with real money, don't you?

for a quick laugh: https://twitter.com/elliwsan/status/783246302691876868
  • #442,535
  • Oct 5, 2016 7:50am Oct 5, 2016 7:50am
Quoting baldmonk
{quote} you are certainly not implying people hanging out here don't trade with real money, don't you?
No what I meant is to be in a room with other traders and not just trying to learn over the net....
Don't Leave Money on the Table
  • #442,536
  • Oct 5, 2016 7:51am Oct 5, 2016 7:51am
Quoting HaLBot
{quote} Cheers USD for vote of confidence but will be a while before I can teach anyone FX...I'm still learning a lot of stuff myself and when I'm consistently profitable I'll start helping other to become profitable...
A Noble gesture but in my experience everyone has to go it alone.

The other challenge is when you do become consistently profitable another challenge awaits - namely either having sufficient capital of your own to trade (typically 100k++ if you are UK based and looking for a 2k+ monthly income...which only equates to 24k a year - hardly a fortune)

OR

Trade other peoples money - and with that a whole new paradigm awaits of keeping drawdowns minimal and dealing with investors.

There are also a helluva lot of self taught retail traders fighting for OPM right now.

Not wishing to sound negative but this is the reality...Anything less than the above two options is merely trading as an 'indulgence'..
  • #442,537
  • Oct 5, 2016 7:56am Oct 5, 2016 7:56am
Quoting FXClarity
{quote} A Noble gesture but in my experience everyone has to go it alone. The other challenge is when you do become consistently profitable another challenge awaits - namely either having sufficient capital of your own to trade (typically 100k++ if you are UK based and looking for a 2k+ monthly income...which only equates to 24k a year - hardly a fortune) OR Trade other peoples money - and with that a whole new paradigm awaits of keeping drawdowns minimal and dealing with investors. There are also a helluva lot of self taught retail traders fighting...
I hear what you are saying....I just see it as a natural progression, whatever you get good at the next step is to pass on what you know.
You do get a kick outa seeing people get good at something you've taught them.
Don't Leave Money on the Table
  • #442,538
  • Oct 5, 2016 7:56am Oct 5, 2016 7:56am
IMHO , i think cable find it support at 1.27 , should aim at nearest resistance at 1.29xx
Trade with knowledge
  • #442,539
  • Oct 5, 2016 8:30am Oct 5, 2016 8:30am
Quoting HaLBot
{quote} Cheers USD for vote of confidence but will be a while before I can teach anyone FX...I'm still learning a lot of stuff myself and when I'm consistently profitable I'll start helping other to become profitable... I need one of those Red stars next to my name.....
Well your almost there
  • #442,540
  • Oct 5, 2016 8:38am Oct 5, 2016 8:38am
Pound approaching resistance .
1.2760 is a strong level at my map
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