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Cable Update (GBPUSD)

  • #13,741
  • May 25, 2007 3:15pm May 25, 2007 3:15pm
Quoting bravado
oh no..

in that case, cable better get to 2.01 or many will suffer.
I'm just going against the dollar. That's all. Last push down to 81.5 area retraced to around 23% matching with previous bottom in Dec-2006, now toppish. Matches with BOE's 9-0 sentiment, too, why not...

Call it gamble, if you wish

Now, I'm off for THIS rush down here...
Attached Image
  • #13,742
  • May 25, 2007 3:29pm May 25, 2007 3:29pm
Quoting cesarnc
I'm just going against the dollar. That's all. Last push down to 81.5 area retraced to around 23% matching with previous bottom in Dec-2006, now toppish. Matches with BOE's 9-0 sentiment, too, why not...
Hey, I got crayons, too!!!

Attached Image
  • #13,743
  • May 25, 2007 4:37pm May 25, 2007 4:37pm
Quoting cesarnc
I'm under de-FF-xication for a while, but I just can't help it.

No offense, This thread has become one of the most unbelievably deteriorated thoughout the thousands of threads in this forum.

"Free speech, exchange of ideas" as a pathway to "learning" as it is always said that "we are"... C'MON!!!!!. 200 pips down? 200 pips up? "I think it will"s??? You call this exchange of IDEAS? You call this LEARNING????

I've even read that today cable would be bullish AND bearish (?!?!??!?!) Bullish and bearish? Whatta hell is that supposed to mean? I can even imagine how would a CANDLE look in this case !!!

"Existing homes good we will see 9700"? 150 pips outta of THIS ANNOUNCEMENT??????

You gotta be freaking kidding YOURSELVES.

Any how, nice weekend to all...
Cesarnc,

Thats it. Kick ass and take names. But I am afraid it won't do much good. TGIF.
  • #13,744
  • May 25, 2007 4:41pm May 25, 2007 4:41pm
Quoting cesarnc
2.01 or my name is Condolezza Rice

At least Condolezza wears pants
I've got my pips - go get yours!
  • #13,745
  • May 25, 2007 4:45pm May 25, 2007 4:45pm
Quoting katzenhai2
I don't understand some of you guys here:
A forum like this can only be for chit-chat, except for the "This-is-my-System" threads. You can only learn trading by experience, not by reading other people comments. Sure, everyone will have a completely different point of view about the market! Thats why this is trading. If it wouldn't be the case, the market could only moveing into one direction.

So stop fooling yourselves, calm down and relax.
I only agree regarding "Signal calling" posts, they are useless all the way.

Asking what do you think might happen today, up / down ? is OK. Although trying to make a decision by polling other traders is the wrong way to go about.

Now saying that "it will go up or down" and because "my moving average/trendline blah blah blah in my trading timeframe on my chart", is totally f.....g useless garbage. Not chitchat.

Many give informative explanations including charts etc. Many don't even come close.
  • #13,746
  • May 25, 2007 4:50pm May 25, 2007 4:50pm
Quoting pabloski
And if you know at least something about forex, why dont try to share your knowledge with this bunch of newbies? You are not here to learn, you are not here to teach, so FF is for you just for fun and stress... You are really selfish...

Merlin should be crazy by reading this...

Man, I though we were a community... too bad...

Oh, I see! You are here to show us how many pips you made today!... Great contribution...
you're right about everything!

I'm not on THIS THREAD to learn or to teach, just for a chit chat as I've told before...

there are tons of threads where you can learn, tons of foruns, tons of books, etc. (altought my idea of trully learning is by doing, i.e., trading the real thing)

I'm not saying that i'm smarter, i'm just saying that this is a light thread more to relax and chat but some of you that just keep asking incredible things like "i just shorted cable, will it go down? should i exit?" want this single "cable update" thread to be a place where to learn eliott waves, or chaos theory or neural networks, or whatever...

there are other threads to do that, this is just cable update thread
  • #13,747
  • May 25, 2007 4:55pm May 25, 2007 4:55pm
Quoting SunTrader

Many give informative explanations including charts etc. Many don't even come close.
And the poor newbies intending to really learn stay in the middle of the gunfire and the stop loss spree all over their charts...

That's where the big damage is, Believe me! Been there, seen that.
  • #13,748
  • May 25, 2007 7:14pm May 25, 2007 7:14pm
Quoting cesarnc
I'm under de-FF-xication for a while, but I just can't help it.

No offense, This thread has become one of the most unbelievably deteriorated thoughout the thousands of threads in this forum.

"Free speech, exchange of ideas" as a pathway to "learning" as it is always said that "we are"... C'MON!!!!!. 200 pips down? 200 pips up? "I think it will"s??? You call this exchange of IDEAS? You call this LEARNING????

I've even read that today cable would be bullish AND bearish (?!?!??!?!) Bullish and bearish? Whatta hell is that supposed to mean? I can even imagine how would a CANDLE look in this case !!!

"Existing homes good we will see 9700"? 150 pips outta of THIS ANNOUNCEMENT??????

You gotta be freaking kidding YOURSELVES.

Any how, nice weekend to all...
Does posting images of beer bellies and crayon drawings help to contribute to a learning and an exchange of ideas?
  • #13,749
  • May 25, 2007 7:19pm May 25, 2007 7:19pm
Quoting mirzyk
Does posting images of beer bellies and crayon drawings help to contribute to a learning and an exchange of ideas?
I edited, this one... You know? Never mind....

I have already contributed way too much here...

I'm down for the fun now...
  • #13,750
  • May 26, 2007 3:07am May 26, 2007 3:07am
Quoting cesarnc
2.01 or my name is Condolezza Rice

I gues you wont be in parliment anytime soon.
  • #13,751
  • May 26, 2007 3:29am May 26, 2007 3:29am
Quoting cesarnc
And the poor newbies intending to really learn stay in the middle of the gunfire and the stop loss spree all over their charts...

That's where the big damage is, Believe me! Been there, seen that.
Maybe I'm one of the newbies mentioned above ... I expect cable would climb even higher after the Existing Home Sales news to cover up my mistakes ... but then seems like it climb a little and sink a little and stagnant .. wonder what will happen on Monday cause I still have open trades which actually hope the cable to climb ...

Anyway, have a good weekend guys .. and those in US/UK happy holidays on Monday!!
  • #13,752
  • May 26, 2007 4:29am May 26, 2007 4:29am
Quoting cesarnc
I edited, this one... You know? Never mind....

I have already contributed way too much here...

I'm down for the fun now...
Hi all....even at school theres a time where everyone will be out for a break....time to have a lil fun....and time back to some serious learning....we need both to avoid high blood pressure....cause our motions are been driven by the market.

Cbl buy 9840......aim @ 9978
Fbr buy 3430......aim @ 3561

Breeze
  • #13,753
  • May 26, 2007 5:22am May 26, 2007 5:22am
Quoting pabloski
Oh, I see! You are here to show us how many pips you made today!... Great contribution...
i posted my statement not because i wanted to say i made a lot of pips (i just made a few in fact) but my point is when I say i'm short or i'm long I really mean it and I can paste my statement to aknowledge it; 99% of those who say i made n pips today can't do the same simply because they are lying, either they lost or they didn't even trade that day...

i don't know what's the problem of just being honest... wednesday duende shorted and cable shot up and he just said he had been blasted. And then I posted that i'd lost too, i was stoped on my short...

But in the foruns or chats nobody admits when they loose, people just keep making endless pips at the end of the day...
  • #13,754
  • May 26, 2007 8:59am May 26, 2007 8:59am
cable and eur is in a down trend, usd/chf uptrend.

USDCHF is in up trend. Further rise above 1.2354 (Mar 9 high) to reach the next cycle top on daily chart is still possible. Near term support is at the up trend line from 1.1993 to 1.2125, and as long as the trend line support holds, up trend will continue. For long term analysis, USDCHF moved without trend and formed a sideways consolidation in a range between 1.1879 and 1.2768 for one year. Rise towards 1.2500 to reach the next cycle top on weekly chart will more likely be seen in the next several weeks.
If I Go Broke Trying Then I Will die happy.
  • #13,755
  • May 26, 2007 9:26am May 26, 2007 9:26am
Quoting Moe
cable and eur is in a down trend, usd/chf uptrend.
You mean this 4 weeks downtrend?
http://i2.photobucket.com/albums/y28...nc/gu-4h-1.gif

Or THIS 1 year "downtrend" ?

http://i2.photobucket.com/albums/y28/cesarnc/gu-w1.gif

That's why I prefer call it "correction" rather than "downtrend".
  • #13,756
  • May 26, 2007 9:35am May 26, 2007 9:35am
Quoting cesarnc
That's why I prefer call it "correction" rather than "downtrend".
that's why i say that there is not a trend but multiple trends, 1 per time frame

so people should really say: cable is in a xxx trend in xxx time frame
  • #13,757
  • May 26, 2007 9:54am May 26, 2007 9:54am
Quoting camisa

so people should really say: cable is in a xxx trend in xxx time frame
I second that...
  • #13,758
  • May 26, 2007 9:57am May 26, 2007 9:57am
Well i would speculate that the definition of trend depends on what time frame (as cesarnc showed us in the above post) you are looking on. Cable on the short term perspective is in a downtrend, but on a longer term view point it is in an uptrend.

Looking on the 4hr chart, cable is basically trading sideways (with a small down pull). In other words, its in a consolidation mode and a breakout will soon take place. This week that major move will occur; with all the pressure from carry trade talk to the vast amount of economic data being released for the US. This pair is bound to breakout soon.
Which way will it go, no one knows for sure.
IMO, i prefer cesarnc view that we are in a correction now and we will resume (at least temporarily) the long term upward trend.
  • #13,759
  • May 26, 2007 11:28am May 26, 2007 11:28am
Lets not all be smart alecs about trend. We all know that a monthly chart trend takes yonks to change. You need to be realistic and look at daily/4h for the "trend" which is now, not future or past..

Thus G/u is in a down trend. And has not broken out of it. I would be surprised if we go up any further than the last 3 days high.
  • #13,760
  • May 26, 2007 12:00pm May 26, 2007 12:00pm
on monday there is "holiday"... maybe some false breakout may happen...lets see
its just money
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