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Cable Update (GBPUSD)

  • #15,361
  • Jun 21, 2007 7:27am Jun 21, 2007 7:27am
Quoting Alfa159
think it will break???
wrong drawing.
cannot believe how many of you don't know how to draw a simple trend line.

trend lines are not that complicated.

http://www.imagefreehost.com/files/2...1410065408.jpg

http://www.imagefreehost.com/files/2...1410065408.jpg
BAM BAM BOOM! -bravado
  • #15,362
  • Jun 21, 2007 7:31am Jun 21, 2007 7:31am
Quoting bravado
wrong drawing.
cannot believe how many of you don't know how to draw a simple trend line.

trend lines are not that complicated.
The key to draw a correct trendline is try not to place it where it JUSTIFIES your mindset. It has to be where it has to be, not matter if the trader's mind is bullish or bearish
  • #15,363
  • Jun 21, 2007 7:47am Jun 21, 2007 7:47am
Quoting cesarnc
The key to draw a correct trendline is try not to place it where it JUSTIFIES your mindset. It has to be where it has to be, not matter if the trader's mind is bullish or bearish
If people understood this (especially the super quantum mechanics indicator boys) we would have less buyers for our shorts and less sellers for our longs!

Unfortunately, everybody makes assumptions that they do not notice.
My advice is to them is to make as few assumptions as possible, and then be perfectly aware of those assumptions, lest they lead to to hellish pits and closed margins.

Good luck all. Shorted again at the rejected high. See you tommorow.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #15,364
  • Jun 21, 2007 7:56am Jun 21, 2007 7:56am
Anyone else trading this in the believe that a whole new swing up in the weekly chart might be on the play?
Attached Image
  • #15,365
  • Jun 21, 2007 7:58am Jun 21, 2007 7:58am
Yep, long from 9905 myself...
Always wait for the opportune moment… just be careful not to miss it.
  • #15,366
  • Jun 21, 2007 8:12am Jun 21, 2007 8:12am
Quoting bravado
wrong drawing.
cannot believe how many of you don't know how to draw a simple trend line.

trend lines are not that complicated.

http://www.imagefreehost.com/files/2...1410065408.jpg

http://www.imagefreehost.com/files/2...1410065408.jpg

You need to learn that there is more than 1 kind of trend... And not all of them touch every peak and every bottom. You have to work out what kind of trend it is in order to be able to trade it.
  • #15,367
  • Jun 21, 2007 8:13am Jun 21, 2007 8:13am
Quoting WTB
Anyone else trading this in the believe that a whole new swing up in the weekly chart might be on the play?
nice chart.
BAM BAM BOOM! -bravado
  • #15,368
  • Jun 21, 2007 8:34am Jun 21, 2007 8:34am
Quoting Takisd
You need to learn that there is more than 1 kind of trend... And not all of them touch every peak and every bottom. You have to work out what kind of trend it is in order to be able to trade it.
quality not quantity.

you can't catch an elephant with a bb gun.

if the shoe doesn't fit, don't wear it.
BAM BAM BOOM! -bravado
  • #15,369
  • Jun 21, 2007 8:35am Jun 21, 2007 8:35am
let's see what's happening with g-j. a drop there should drag g-u down as well for some time.

Quoting WTB
Anyone else trading this in the believe that a whole new swing up in the weekly chart might be on the play?
Nihil Sine Deo.
  • #15,370
  • Jun 21, 2007 8:52am Jun 21, 2007 8:52am
7:00am USD Leading Index m/m http://www.forexfactory.com/images/m...act_medium.gif
0.2% -0.5%
  • #15,371
  • Jun 21, 2007 8:54am Jun 21, 2007 8:54am
Not too sure, but believe it wll be minor and if anything a temporary spike.



Quoting PipJunkie
7:00am USD Leading Index m/m http://www.forexfactory.com/images/m...act_medium.gif
0.2% -0.5%
  • #15,372
  • Jun 21, 2007 9:07am Jun 21, 2007 9:07am
Pain in the *** NYC session
  • #15,373
  • Jun 21, 2007 9:11am Jun 21, 2007 9:11am
What does the cable want, I guess that it doesn't know what she want, it is acting to tease anyone either buyers or sellers, I'm short in real account and long in demo account and it is stuck in the middle of my orders, I missed the good old days of the cable, it is acting childish with no personality and no logic, nothing except abnormal actions
  • #15,374
  • Jun 21, 2007 9:12am Jun 21, 2007 9:12am
anyone get it today?
Welcome to the Layer Cake son!
  • #15,375
  • Jun 21, 2007 9:13am Jun 21, 2007 9:13am
japanese pairs are also acting weird like cable... BE A MAN AND FIND YOUR WAY... Yen is decreasing and than increasing and than decreasing...

perhaps was a good day for swing trade

I am short at cable and Euro/Yen as well
  • #15,376
  • Jun 21, 2007 9:14am Jun 21, 2007 9:14am
No... The bounce off the trendline this morning was nice, but haven't found buyers at the 9940s... I'm still bullish after today's action. But cable must break 9963 as to prove itself bullish
  • #15,377
  • Jun 21, 2007 9:15am Jun 21, 2007 9:15am
you are so RIGHT!!!!!

Quoting pino2
What does the cable want, I guess that it doesn't know what she want, it is acting to tease anyone either buyers or sellers, I'm short in real account and long in demo account and it is stuck in the middle of my orders, I missed the good old days of the cable, it is acting childish with no personality and no logic, nothing except abnormal actions
  • #15,378
  • Jun 21, 2007 9:16am Jun 21, 2007 9:16am
Quoting pino2
What does the cable want, I guess that it doesn't know what she want, it is acting to tease anyone either buyers or sellers, I'm short in real account and long in demo account and it is stuck in the middle of my orders, I missed the good old days of the cable, it is acting childish with no personality and no logic, nothing except abnormal actions
hehe....let it run dudes, i also now -19. hopefully can survive. the price seem exhausted, and collecting energy to go down....maybe true, maybe false. 50/50
  • #15,379
  • Jun 21, 2007 9:17am Jun 21, 2007 9:17am
Hearing that NYSE is quiting stock market operation!!!!! :surprised

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.
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Turned into a slaughterhouse.
  • #15,380
  • Jun 21, 2007 9:19am Jun 21, 2007 9:19am
Quoting cesarnc
Hearing that NYSE is quiting stock market operation!!!!! :surprised

.
.
.

Turned into a slaughterhouse.

what does this mean if i may ask?
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