Cable Update (GBPUSD)

Quoting marketwavez

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Hi there , I am very appreciative of what you have to say ....

but looks there are others that don't want to see charts
they want to see words on a page to discuss the markets

They don't want to see visually whats happening in the markets

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and I reaally don't want to argue with anyone in here
any way
we probably could have some good chart discussions and may
would learn from them but why stay some where where you are not appreciated ?
... Who needs that really ! .................

I am new here to this thread -
and would like to share what I see ......
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- but not in a hostile environment
which is where this appears to be headed ! .......
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So in attempt to keep the peace
I a will respect the words of

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Quoting Kn1vez

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Well, no matter how many lines, diamonds, and triangles we draw, we cannot predict what the next news candle will look like. On top of all the brokers spiking the prices to knock out all the little guy's stops, no one will know how big the candles will be.


Bottom line, the fundamentals are at the heart of the prices, the technicals are a great help, but still secondary.

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Quoting Igrok

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Talking on own behalf would make your statement even more credible.

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Quoting Kn1vez

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Heh, just stating the facts. If you have a technical indicator set up right before some news is due to come out, and the market's future direction depends upon the news, how useful is that technical indicator?

Indicators can help, but mainly when there is no future news nearby.

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Quoting Igrok

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Talking on own behalf would make your statement even more credible.

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Quoting cesarnc

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I like your analysis Igrok. However, best way to trade technicals is by checking the patterns forming (like you are doing) and wait for confirmation (backed on fundis, prefered to me) to jump in.

And not droping by with the "IT WILLs". That's all. - I know you don't do that, btw

Fundis can easily deny a technical formation. Yes, I jumped in NZDUSD long at 7390 because of a beautiful, classic text-book reversed Head and Shoulder in the 4hr. 1:3 R:R ratio. Piece of cake. Trade and forget.

Got stopped -30 and look at the pair now. Not a single damn trader traded the H&S, not in this planet.

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Quoting Igrok

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Some people have the knowledge and the ability, while others don't. TA became looking like an art instead of being a science in the minds of majority just because there are so many half-educated traders and analysts around. In fact, your " text-book quality H&S" is nowhere near being that. It just not H&S and it has never had a chance to be one from the very moment the pattern began forming.

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Quoting cesarnc

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That's classic tech B.S. Pattern accomplished, "techis rule, look at me now. King of the world"

Pattern denied, "wasn't even a pattern in the first place".

Just added to my disbelief, thanks

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Quoting Kn1vez

Disliked

Well, no matter how many lines, diamonds, and triangles we draw, we cannot predict what the next news candle will look like. On top of all the brokers spiking the prices to knock out all the little guy's stops, no one will know how big the candles will be.


Bottom line, the fundamentals are at the heart of the prices, the technicals are a great help, but still secondary.

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Quoting Igrok

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If you don't believe - you don't have the knowledge.

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Quoting SunTrader

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There is a place for both fundamentals and technicals.

It I were to get technical, pun intended, trading on the news can go wrong a lot also.

How many times does a market react exactly opposite of the consensus. Too many.

I think this has been and remains the best thread on Forex Factory with a good amount of traders exchanging news and charts and chat.

Although marketwavz can get a little chart-happy I think he has a good grasp of Elliott Wave and would be disappointed if he no longer posted here.

Along with many an opinion started about the direction market "will" go, it seems there are just as many traders asking for others opinion. Why?? Thats the part I'd like to see end.

Just my opinion.

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Quoting SunTrader

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It I were to get technical, pun intended, trading on the news can go wrong a lot also.

How many times does a market react exactly opposite of the consensus. Too many.

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Quoting cesarnc

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Not necessarily, you know that. One have to know what is all about as to decide whether or not to belive. I'm not that vain, if that is what you were trying to imply, thank you.

Getting too far... you do your way I do mine.

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Quoting Igrok

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Word "belief" is not even in my vocabulary. I always prefer "knowledge".

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Quoting cesarnc

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Did I have you knowledge and talent I'd consider donating part of my time helping poor countries/humanitarian institutions to multiply their cash to use in the fight against AIDS and hunger, instead of hanging around with newbies in an internet forum...

But I don't.

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Quoting bravado

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i did not start this. (before i get banned again).

this is just between igrok and britney.

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Quoting bravado

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i did not start this. (before i get banned again).

this is just between igrok and britney.

Ignored