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Cable Update (GBPUSD)

  • #23,941
  • Aug 13, 2007 8:20am Aug 13, 2007 8:20am
Quoting bullrock
Really?? How do you know??
Bull well lets see what Professional traders do when cable hits 100 bar daily MA, pretty sure they buy they shit out of it, Hedge funds are not professional money they are risk aversion technics for other assets, and they have their heads handed to them constantly
"Millionaires don't use astrology, billionaires do"
  • #23,942
  • Aug 13, 2007 8:21am Aug 13, 2007 8:21am
If cable closes in bottom 3rd of the daily bar today then 2.0000 looks good to give way on Tuesday.
  • #23,943
  • Aug 13, 2007 8:21am Aug 13, 2007 8:21am
Quoting avi907
hey guys, i am waiting 2.0175 to short, what is your idea?
The thing is that GU has been brought back to its previous level of support... or back to the triangle... So we are back where we were... The triangle is bullish so if it breaks above I go long till then I am short for example...
.
  • #23,944
  • Aug 13, 2007 8:22am Aug 13, 2007 8:22am
Quoting SunTrader
You're not serious, are you?

Yes I know you are.
Didn't you read Dynamic Trading when you got the software? Best trading book ever written IMO.

My methods come from Gann, by far the best trader that ever lived

Bryce Gilmour writes a good book on harmonics, static principles also
"Millionaires don't use astrology, billionaires do"
  • #23,945
  • Aug 13, 2007 8:23am Aug 13, 2007 8:23am
Cīmon, Bernanke... Pump the cash in

http://www1.istockphoto.com/file_thu...ts_of_cash.jpg
  • #23,946
  • Aug 13, 2007 8:26am Aug 13, 2007 8:26am
Quoting bullrock
The thing is that GU has been brought back to its previous level of support... or back to the triangle... So we are back where we were... The triangle is bullish so if it breaks above I go long till then I am short for example...
thanks i will think again
  • #23,947
  • Aug 13, 2007 8:28am Aug 13, 2007 8:28am
Quoting OrionsWay
My methods come from Gann, by far the best trader that ever lived
To each his own. Robert Miner took from Gann among many. But you didn't answer whether you read his book, Dynamic Trading.

BTW don't know much about the mysterious Mr Gann other than he squared time and price. Don't think he was a big proponent of MA's, though someone correct me if I am wrong.
  • #23,948
  • Aug 13, 2007 8:29am Aug 13, 2007 8:29am
Quoting OrionsWay
My methods come from Gann, by far the best trader that ever lived

Bryce Gilmour writes a good book on harmonics, static principles also
I agree as far as the MAs are concerned. I know partially the work of Gann. But I vote for price base models without any kind of silly indicators...

The statistician said on average the water is 60 cm deep then he drowned...
.
  • #23,949
  • Aug 13, 2007 8:31am Aug 13, 2007 8:31am
I have lost a lot of money make them to work so it just don't fit with my personality... Some other traders use them successfully.. I cannot. I think anyway that money management is by far the most imoprtant in trading... and position management...
.
  • #23,950
  • Aug 13, 2007 8:31am Aug 13, 2007 8:31am
Quoting avi907
hey guys, i am waiting 2.0175 to short, what is your idea?
Look for price clarification...
Hello World
  • #23,951
  • Aug 13, 2007 8:31am Aug 13, 2007 8:31am
I think it has to go lower before it can attempt to take out resistance @ 2.0200 - 2.0250 zone. Unless news comes along to help.
  • #23,952
  • Aug 13, 2007 8:31am Aug 13, 2007 8:31am
The best trading book i have ever read many times over now is by Tom Williams Master the Markets, can be purchased through TradeGuider.com.
This book is the structure of every market in the world.
"Millionaires don't use astrology, billionaires do"
  • #23,953
  • Aug 13, 2007 8:34am Aug 13, 2007 8:34am
Quoting avi907
hey guys, i am waiting 2.0175 to short, what is your idea?

im looking to short too but slightly below: 162...
  • #23,954
  • Aug 13, 2007 8:35am Aug 13, 2007 8:35am
Quoting OrionsWay
My methods come from Gann, by far the best trader that ever lived

Bryce Gilmour writes a good book on harmonics, static principles also
indeed
  • #23,955
  • Aug 13, 2007 8:35am Aug 13, 2007 8:35am
I think PU will go to 2.000 within 48 hour

so the first resistance at 2.0185 / 95 and good to go short with SL above 2.0220

who's agree

http://www.tdwltoday.com/vb/uploaded/1_01187011713.gif
  • #23,956
  • Aug 13, 2007 8:37am Aug 13, 2007 8:37am
Quoting OrionsWay
The best trading book i have ever read many times over now is by Bill Williams Master the Markets, can be purchased through TradeGuider.com.
This book is the structure of every market in the world.
So then I guess the answer to my question asked twice is NO?

It ok to have different opinions on what is the best book, indicators etc etc. Difference of opinions are what make a market.

But for every trader claiming a MA moves price there is another claiming it was a trendline or an oscillator moving from overbought or oversold territory yada yada.

To each his freakin' own.

PS I have Williams' Trading Chaos - I use his squat bars and 5/34 osc.

Edit: wrong Williams on my part. Bill Williams wrote Trading Chaos. Took Tom Williams freebie seminar multiple times. Wasn't worth it to how I trade.
  • #23,957
  • Aug 13, 2007 8:37am Aug 13, 2007 8:37am
Quoting benssol
indeed

always found gaan rather confusing: any easy introductory read? please let me know
  • #23,958
  • Aug 13, 2007 8:37am Aug 13, 2007 8:37am
I avoid trading today...Looking for tomorrow... I'll be better losing opportunity than losing my capital...^^

Happy trading
Hello World
  • #23,959
  • Aug 13, 2007 8:39am Aug 13, 2007 8:39am
"Stocks opened higher after central banks pumped billions into their markets to alleviate credit concerns. "This morning, we can say a big thank you to the European Central Bank," said Arthur Cashin, UBS director of floor operations."

Thank you Trichet, Fukui

Banked 3/4 of UJ from the bottom
  • #23,960
  • Aug 13, 2007 8:42am Aug 13, 2007 8:42am
Even though 4h shows a pinbar, daily is very bearish, adding to my shorts :>
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