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Double bottom in Eur and Cable gave us a good rally this morning

Posted on May 12, 2009 at 4:59 in Daily HD video reviews by David Aranzabal

Today we started losing in Eur but we recover the loses in the second trade. We missed the rest of the party because we closed the trade as soon as we archived break even for the day. But we don’t care because our first goal is not losing money. On cable we got almost 80 pips. Both pairs behaved very similar this morning after a double bottom pattern in 60m charts.

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10 Responses to “Double bottom in Eur and Cable gave us a good rally this morning”

  1. on 14 May 2009 at 2:40 am1shaun

    i lose so much money because of your method……it does not work….u scammer

  2. on 14 May 2009 at 3:56 am2David Aranzabal

    Hi Shaun

    I’m sorry you are losing money, but remember:
    The propose of this video reviews are educational. I don’t describe my method on the videos as It would take days to describe it.
    When you refer “my method”, I don’t know which method are you talking about as I have never defined a mechanical trading system to follow. I have never given any signal recommendation on this blog. I told you the last post that if you tell me how are you trading I may help you but I don’t have a clue.
    And remember: Before trading in real, you need to backtest your strategy at least with 200 trades, otherwise you are trading blind because you don’t know the results.

    Best Regards.

  3. on 14 May 2009 at 4:11 am3David Aranzabal

    Shaun,

    And just remember: You have to study and backtest your own methodology. There is not a magical trading system. You can pick up some tips from one trading system, but at the end you have to follow your own system, the one that suits on your personality, living habits and work schedule.

    When the system is making money we are happy (as you were last week) but we have to learn from the mistakes and improve our trading.
    I hope this helps and Lets enjoy trading !!

  4. on 14 May 2009 at 6:09 am4shaun

    i think u better stick to one pair and stop changing pairs……it is very weird when u change pair and it also shows your unprofessionalism

  5. on 14 May 2009 at 7:00 am5David Aranzabal

    Hi Shaun,

    Yes, you are right. It’s better to focus in one currency pair ot two at most. On that way you can specialize on that pair and improve your trading. But my work on this blog is to cover what happened on the markets in a practical way. EUR/USD and GBP/USD are the ones I usually cover, but people even ask me to cover more pairs as they like the way I do in the mayors.
    But Shaun, changing from one currency pair to another is not unprofessional, as long as it’s in your trading plan. You can even trade EUR and Cable at the some time, if you can manage that. On that way you find better opportunities.

    I hope this help.

  6. on 14 May 2009 at 6:24 pm6shaun

    i think your method cannot work…..n i think u never even trade….your trying to scam people’s money

  7. on 15 May 2009 at 3:01 am7David Aranzabal

    Shaun,

    Trading has been my only source of income for the last years, as I’am a Full Time trader since 2004, so I know what I’m talking about. I have told you several times that the main purpose of this blog is education, as the rest of FXstreet’s contributors, so I think you should respect our work at FXstreet as I respect your point of view.
    Thanks and good trading.

  8. on 15 May 2009 at 3:52 pm8B€hr

    Shaun, im glad that there are people out there like you!! not only do you provide me with income by taking the wrong side of the trade, thank you. Your a “hater” and that brings me great joy, motivation because you will never be the one recieving the hate. you look to blame someone else, traders are loners, self propelled machines, no one cares about your inadequacies. Get out there and teach yourself a lesson!! FXstreet is a community of learning and discussion, not for losers who cant trade.

  9. on 15 May 2009 at 9:44 pm9shaun

    why not u create a free chatroom and give free signals instead of asking people to pay for it? if your willing to help, u will not ask people for money for your signals. If your signal is working, u will not be asking people to pay because u can make more money from it. Obviously there is something suspicious going on here.

  10. on 18 May 2009 at 5:50 am10David Aranzabal

    Hi B€hr,

    Thanks for considering FXstreet as a community of learning and discussion. We all work hard to improve the level of service.
    Therefore, we all feel upset when people is rude and not considering the work involved behind.
    But let’s be in peace and stop bothering each others.

    Shaun, I think is time to stop complaining as B€hr said, and being positive on the blog.

    So, let’s enjoy trading !!

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