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GBP/USD - British Pound US Dollar

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1.7060 -0.0016    (-0.09%)
19:19:45 GMT - Real-time Data. ( Disclaimer )
Type: Currency
Group: Major
Base: British Pound
Second: US Dollar

  • Prev. Close: 1.7076
  • Bid/Ask: 1.7059 / 1.7061
  • Day's Range: 1.7042 - 1.7084
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GBP/USD 1.7060 -0.0016 (-0.09%)
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GBP/USD Discussions

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yong lu
yong lu Jul 22, 2014 07:13PM GMT
anatoly, why didnt you sell last week when it hit around 1.716, then short it and go long again? make alot more money

yong lu
yong lu Jul 22, 2014 07:06PM GMT

Anatoly  Ross
Anatoly Ross Jul 22, 2014 05:36PM GMT
I swear,as long term swing trader,i see this market only retracing.not trend change.However short term traders may believe that the trend of this market have changed,because the see a big fall.

Anatoly  Ross
Anatoly Ross Jul 22, 2014 05:25PM GMT
Umi Kum. I'm holding my long position since1. 69481 on the daily chart
Umi Kum
Umi Kum Jul 22, 2014 05:29PM GMT
Honustly, well done if that is true Because even you may see 1.74 tonight.

Anatoly  Ross
Anatoly Ross Jul 22, 2014 05:15PM GMT
Thats right shoril, in order to do al of those 3 steps you need experience.. ARE YOU STEEL SHORT?
Umi Kum
Umi Kum Jul 22, 2014 05:23PM GMT
I bet you have no position at all.

shoril mumba
shoril mumba Jul 22, 2014 05:10PM GMT
The most important tools in FOREX is (1) PATIENCE (2) FOLLOW AND JOIN THE TREND ON TIME (3) CLEAR CUT PRICE ACTION SIGNALS.Experience counts for nothing as long as you can be as patient as a salt water crocodile.

Umi Kum
Umi Kum Jul 22, 2014 05:08PM GMT
Unfortunately, I doubt it will see that level. On the contrary, it is highly likely to see above 1.71 tonight.

Anatoly  Ross
Anatoly Ross Jul 22, 2014 04:47PM GMT
By the way! Umi Kum are you still short??
Umi Kum
Umi Kum Jul 22, 2014 05:14PM GMT
No, not really. I doubled the long position at 1.7050s. However, i made net loss so far.

Anatoly  Ross
Anatoly Ross Jul 22, 2014 04:44PM GMT
Umi Kum. In forex experience means everything! Experience traders are much more profitable,than those that are not.Experienced traders take money from unexperienced. It have allways been the case and allways wil be.

Anatoly  Ross
Anatoly Ross Jul 22, 2014 03:51PM GMT
Unexperienced fx traders allways try to predict the reversal of the trend ,thats why they loose money over and over again. Good luck for the bears.
Umi Kum
Umi Kum Jul 22, 2014 04:00PM GMT
In forex market, experience does not bring any profitable outcome. If you follow the trend and don't jump into the last train, then you may have higher than 50% chance of winning on the average. That is all. Otherwise, there is no trader that he or she always wins because of experience only.
Umi Kum
Umi Kum Jul 22, 2014 04:01PM GMT
Thank you.
ANIL KUMAR Jul 22, 2014 04:47PM GMT
You are right.I completely agree with you. Experience dosent matter in all instances. Its the trend and entry matters.
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