Quoting smjonesDislikedwell, so far on one method I have made 39pips and on the other method I have made 111pips from this fake rally... I say trade what you see now..Ignored
Keeping it Simple
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
The GBP discussion coming up later what are you predictions? 6 replies
GBP/CHF discussion 16 replies
GBP Discussion 1 reply
Suidster's GBP/JPY Discussion 19 replies
Quoting smjonesDislikedwell, so far on one method I have made 39pips and on the other method I have made 111pips from this fake rally... I say trade what you see now..Ignored
Quoting habeebDislikedHi MB,
not so sure about that. I'm yet to see the dollar get weaker when the US is involved in military action. But then again, I haven't been around very long.Ignored
Quoting MuddBuddhaDislikedMiddle eastern violence increases = escalating oil cost
Middle eastern violence increases = escalating gold cost
escalating gold cost + escalating oil cost = weaker dollar
You can blame the large hedge funds like they have been doing in the markets, or you can say it's a natural progression as investors try to protect what they have.
Here's an interesting study that was done in Egypt about currency subsitution during increased violence.
http://www.le.ac.uk/economics/resear...n/econ02-6.pdfIgnored
Quoting smjonesDislikedIt is important to trade what you see right now as well as trying to figure out the future...Ignored
Quoting smjonesDislikedI hope you have been taking advantage of this really nice run... See my attached statement of today's trades...
It is important to trade what you see right now as well as trying to figure out the future...
Thanks scottIgnored
Quoting SergiPavlDislikedThis week saw 2 massive down movements by the pound. I took 'em all having doubled my deposit twice. But then I made a couple of unreasonable entries which ruined my deposit dramatically.
Despite the fact that in nearly every case I am able to see where the market is moving there are certain things which I need to work out in order to make my system absolutely profitable.
To talk plain English, today the pound rallied but I failed to predict that in time. When I got back after the market moved on, having taken most of my depo with it, and reviewed the situation I detected the signals that could have warned me about the future.
So my nearest objective is to patch my system for it lacks nothing but a bit of repair and decor.
Did u get the answer? If so, feel free to put your ideas down here for I suspect u're not a newbie and know the business.Ignored
Quoting smjonesDisliked... I just noticed that it did not seem like anyone was seeing what was happening at the present moment...Ignored
Quoting SergiPavlDislikedU mean I was wrong at all times today, especially in forcasting a pound downfall and its close below 1.82 in the end of the week?
Well, I'm not yet done...Not till we cross the 1.85.Ignored
Quoting smjonesDislikedNo I do not believe you are wrong. I also think GBPUSD will decline, eventually. I was pointing out that now is the time to trade, not waiting for the future that might happen.
I think you are probably right on the money...
ScottIgnored
Quoting SergiPavlDislikedI used to have a similar thread on one of the Russian forex forums(http://forum.fxclub.org/showthread.php?t=31100). That was 2 weeks ago. I was a lot smarter then. Made nearly no mistakes. Predicted several moves of over 100pips each. That's history now.Ignored
Quoting smjonesDislikedI hope you have been taking advantage of this really nice run... See my attached statement of today's trades...
It is important to trade what you see right now as well as trying to figure out the future...
Thanks scottIgnored