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Cable Update (GBPUSD)

  • #26,321
  • Aug 22, 2007 7:08pm Aug 22, 2007 7:08pm
Quoting Warper
This is what i mean. Why the 82 when we have this...
It is not one instead of other, Warper. It is both of them! All of them: USD index bounced off 82, euro respecting a trendline, Fed cutting rates, Fed meeting to cut more, "Buffet to buy countrywide" rumour, dow jones not cracking 13,000, today's strong UK Industrial, M&As picking up again, Fukui not raising, the whole package.

OK, you will think "too much". That's my way. I say "too much" for 15 EMAs, 3 oscillators, EW, bollinger band, parabolic SAR in the same chart ...

I find much easier to jump in the same bandwagon the big investors ride than sticking with 200 newbies jerking techis off. That's why 80% of my posts are pure jokes.

There is NO WAY NO WAY NO WAY you will see Soros or Buffet spending billions of dollars in a "wave 4" or "5min 5EMA"

There is NO WAY NO WAY NO WAY you will see a central bank changing rates because its currency is "oversold in the 4hr"....

And learn to admire the round numbers. When you have millions you trade "cents" not "pips"
  • #26,322
  • Aug 22, 2007 7:12pm Aug 22, 2007 7:12pm
Ok, to hell with serious biz. Cable retracing finally, I got my lil profit at the top (pheeewwwww)

Tomorrow i'm back to the supermarket to buy some more
  • #26,323
  • Aug 22, 2007 7:14pm Aug 22, 2007 7:14pm
2.0025 is next target
Trade what you see, not what you think.
  • #26,324
  • Aug 22, 2007 7:24pm Aug 22, 2007 7:24pm
Quoting cesarnc
It is not one instead of other, Warper. It is both of them! All of them: USD index bounced off 82, euro respecting a trendline, Fed cutting rates, Fed meeting to cut more, "Buffet to buy countrywide" rumour, dow jones not cracking 13,000, today's strong UK Industrial, M&As picking up again, Fukui not raising, the whole package.

OK, you will think "too much". That's my way. I say "too much" for 15 EMAs, 3 oscillators, EW, bollinger band, parabolic SAR in the same chart ...

I find much easier to jump in the same bandwagon the big investors ride than sticking with 200 newbies jerking techis off. That's why 80% of my posts are pure jokes.

There is NO WAY NO WAY NO WAY you will see Soros or Buffet spending billions of dollars in a "wave 4" or "5min 5EMA"

There is NO WAY NO WAY NO WAY you will see a central bank changing rates because its currency is "oversold in the 4hr"....

And learn to admire the round numbers. When you have millions you trade "cents" not "pips"

Cesarnc...this is very good insight. Over this past summer I am learning that a "whole" lot of other information is needed to understand the bigger picture.....
  • #26,325
  • Aug 22, 2007 7:44pm Aug 22, 2007 7:44pm
in other words, technical analysis is just a bunch of BS. so we all should pack our things and go home, because there is no way either of us can make money just by analyzing some indicators. and if you're making consistent money, this means you're a lucky bastard and you should probably taking your chances in a casino... not squeezing lousy pips from big sharks.


Quoting cesarnc
It is not one instead of other, Warper. It is both of them! All of them: USD index bounced off 82, euro respecting a trendline, Fed cutting rates, Fed meeting to cut more, "Buffet to buy countrywide" rumour, dow jones not cracking 13,000, today's strong UK Industrial, M&As picking up again, Fukui not raising, the whole package.

OK, you will think "too much". That's my way. I say "too much" for 15 EMAs, 3 oscillators, EW, bollinger band, parabolic SAR in the same chart ...

I find much easier to jump in the same bandwagon the big investors ride than sticking with 200 newbies jerking techis off. That's why 80% of my posts are pure jokes.

There is NO WAY NO WAY NO WAY you will see Soros or Buffet spending billions of dollars in a "wave 4" or "5min 5EMA"

There is NO WAY NO WAY NO WAY you will see a central bank changing rates because its currency is "oversold in the 4hr"....

And learn to admire the round numbers. When you have millions you trade "cents" not "pips"
Nihil Sine Deo.
  • #26,326
  • Aug 22, 2007 7:46pm Aug 22, 2007 7:46pm
how is all?

it's me bravado.
BAM BAM BOOM! -bravado
  • #26,327
  • Aug 22, 2007 7:46pm Aug 22, 2007 7:46pm
Thank's for your input cesarnc!

I trade very similiar to you. The only difference is that you seem to have lower leverage than me, and i have a little different approach to support/resistance confirmation. Besides that, all equal.

Day after day i'm getting more the feel of what is the trend all about.

I respect the trend and thats why when i place an order against the trend, i target for the minimum i can and not expecting an extension, like multi year reversal FF masters expect.

The only problem i seem to have, is that in my mind i wonder why ppl respect the longer term trends so much if they were started in different times, different funds, different sentiment, different traders and most important, different volume.

Now i'm realizing that, the trend might not even reflect with perfection what's really happening, but the one and only thing that can change the trend for good, is the paramount factor of currency markets....

The interest rate medium term prospects.

And that is still equal... 1 month ago, 2 months ago, 3 months ago, 4 months ...... and on and on...

Only with this thinking well implemented in our heads, we can understand how ridiculous can indicators/lower term charts be, in the minds of the big money.

And why does a pair rises or drops with so much power if nothing is pointing for it. Simply they think the trend is ready for resume and that's it. Supports/resistances will succumb to the power of a daily trend resuming. No questions asked!!




I tell you what. I will be rich, its unavoidable. But your input about "trend" might be the "mind click" i was looking for. So...


Make a list of gifs.... and i will fulfill you.

What? Car? Trip to moon?

http://www.newpaltz.edu/cas/jpeg/man%20in%20moon.jpg
  • #26,328
  • Aug 22, 2007 7:55pm Aug 22, 2007 7:55pm
hey you guys. it's me BRAVADO..
BAM BAM BOOM! -bravado
  • #26,329
  • Aug 22, 2007 7:57pm Aug 22, 2007 7:57pm
Quoting Warper
hahaha my record was 13.8%, i have to catch that one someday.

Hey, at least i'm not crazy. The FF "hedge funders" say that is impossible to make 10% year!
they are wrong.
BAM BAM BOOM! -bravado
  • #26,330
  • Aug 22, 2007 7:57pm Aug 22, 2007 7:57pm
why does everyone leave when i start posting??
BAM BAM BOOM! -bravado
  • #26,331
  • Aug 22, 2007 8:05pm Aug 22, 2007 8:05pm
Quoting bravado
why does everyone leave when i start posting??
I'm sorry... "o great" one.....I was watching the Mets game in HD and just notice that you have arrived.....

Please past on some knowledge about what you think of this latest move.

I have a target of about 2.0035 (38.2%) based on the fib from 0652 (high) to 9650 (low)

Thoughts??????
  • #26,332
  • Aug 22, 2007 8:07pm Aug 22, 2007 8:07pm
Quoting bravado
why does everyone leave when i start posting??
Oh sorry, I was too busy being bored :
Cable is my sugardaddy
  • #26,333
  • Aug 22, 2007 8:10pm Aug 22, 2007 8:10pm
i'm here... say something interesting.

Quoting bravado
why does everyone leave when i start posting??
Nihil Sine Deo.
  • #26,334
  • Aug 22, 2007 8:14pm Aug 22, 2007 8:14pm
Quoting bravado
why does everyone leave when i start posting??
2:10am local time is a pretty good reason, despite i am on holidays .

The others don't have that excuse, they are below 10 pm....

Send them a warning to know your power...

http://www.ma.utexas.edu/users/kscha...520Tornado.jpg
  • #26,335
  • Aug 22, 2007 8:15pm Aug 22, 2007 8:15pm
Quoting Warper
Now i'm realizing that, the trend might not even reflect with perfection what's really happening, but the one and only thing that can change the trend for good, is the paramount factor of currency markets....

The interest rate medium term prospects.
I agree 100%. Again a "trend". How is the rate trending....

Quote
in other words, technical analysis is just a bunch of BS.
Well, I've seen some serious BS spree across this forum in the name of the TA and to the favour of the Stolosses...

Of course it works. But I prefer them coupled with fundis... You can make 150 pips like today instead of trading the retracement for 20.

Overall, it is not the TA itself that sucks. It is the trader.

Quote
hey you guys. it's me BRAVADO..
Feeling needy bravado? I imagine it is a lonely place up there, sitting in this mountain of pips....

Back by London...
  • #26,336
  • Aug 22, 2007 8:19pm Aug 22, 2007 8:19pm
Quoting Turtle
I'm sorry... "o great" one.....I was watching the Mets game in HD and just notice that you have arrived.....

Please past on some knowledge about what you think of this latest move.

I have a target of about 2.0035 (38.2%) based on the fib from 0652 (high) to 9650 (low)

Thoughts??????
Quoting bohogirl
Oh sorry, I was too busy being bored :
Quoting Scrat
i'm here... say something interesting.
omg. no one even asks me how many pips i have made or tells me how greatest the bestest i am. turtle came close but he basically said mets game is more important then me. bravado.

i have feelings too!
BAM BAM BOOM! -bravado
  • #26,337
  • Aug 22, 2007 8:21pm Aug 22, 2007 8:21pm
Quoting Warper
2:10am local time is a pretty good reason, despite i am on holidays .

The others don't have that excuse, they are below 10 pm....

Send them a warning to know your power...
i come first, forget time! warper, you of all the peoples i know here. giving excuses.

this is truly unheard of.
BAM BAM BOOM! -bravado
  • #26,338
  • Aug 22, 2007 8:28pm Aug 22, 2007 8:28pm
Quoting bravado
omg. no one even asks me how many pips i have made or tells me how greatest the bestest i am. turtle came close but he basically said mets game is more important then me. bravado.

i have feelings too!
You sound so convincing..........
  • #26,339
  • Aug 22, 2007 8:28pm Aug 22, 2007 8:28pm
Hey I'm here - one of the FF "hedge funders. Yuck, yuck.

Spent the day smacking a little white ball around the hills of Upstate NY. Four!!!
  • #26,340
  • Aug 22, 2007 8:33pm Aug 22, 2007 8:33pm
Quoting SunTrader
Hey I'm here - one of the FF "hedge funders. Yuck, yuck.

Spent the day smacking a little white ball around the hills of Upstate NY. Four!!!
you seriously believe no one can make over 10% a year.
BAM BAM BOOM! -bravado
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