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Cable Update (GBPUSD)

  • #35,321
  • Oct 12, 2007 12:34pm Oct 12, 2007 12:34pm
Quoting forexlion
as expected, its a consolidation indeed, we are done for this week.
What happened to get ready for ride down?

Wait till next week?
  • #35,322
  • Oct 12, 2007 12:47pm Oct 12, 2007 12:47pm
Quoting SunTrader
What happened to get ready for ride down?

Wait till next week?
  • #35,323
  • Oct 12, 2007 1:11pm Oct 12, 2007 1:11pm
Quoting SunTrader
Anyone who says we (USA) can't get a worse president than Bush. Oh yeah.

Never say never. Anyone who trades should understand that.

"Can't go any lower" or "Can't go any higher."

And then we all know what happens after that is said.
Okay, NOW you just scared me.
Trust price. Know yourself.
  • #35,324
  • Oct 12, 2007 1:41pm Oct 12, 2007 1:41pm
Quoting SeekingLight
Okay, NOW you just scared me.
The truth has a way of doing that. I'm just saying there always is the possibility. Not saying Hellory or O Lama Dama Ding Dong etc etc will be worse. Don't see how they could be, but why is Al Mr Net Inventor's name being mentioned if one of them are what this country needs to get back on track.

Hey its almost the weekend and that means the hell with politics and bring on football (pigskin kind), racing (Nascar, not that no passing pussy F1) and drinking (beer, mucho).

  • #35,325
  • Oct 12, 2007 2:16pm Oct 12, 2007 2:16pm
Quoting SunTrader
Anyone who says we (USA) can't get a worse president than Bush. Oh yeah.

Never say never. Anyone who trades should understand that.

"Can't go any lower" or "Can't go any higher."

And then we all know what happens after that is said.

little to do with currencies, there are hundred other things world hates Bush for, you should know he is the most hated president in the history.

no offense if u r his follower

wee hrs here, I'm off to bed
Hello World!
  • #35,326
  • Oct 12, 2007 2:27pm Oct 12, 2007 2:27pm
Quoting Moe
beleive me i been there many of times before i remeber being up 200% on a 1k account in one month then bam friday took 150% of that back mainly do to mm and me being cocky thinking i was the man and thought i had this market in the back of my pocket, but the market let me know who realy had the big cock.
Preach Brother. The market holds the fortunes of all traders in her hands. Fridays cutoff for me is European close.
Patience + Humility + Study = Success
  • #35,327
  • Oct 12, 2007 2:37pm Oct 12, 2007 2:37pm
Quoting ClockTrader
no offense if u r his follower
None taken because politicans are the same. They will lead you off a cliff. Bush has lead us through a tsunami, earthquake, famine, war etc before we go off the cliff.

  • #35,328
  • Oct 12, 2007 10:53pm Oct 12, 2007 10:53pm
Quoting SunTrader
What happened to get ready for ride down?

Wait till next week?
Quoting karmostaji
any TPs you looking at bro?
Quoting forexlion
it all depends on yesterday's close value, if it breaks then lot lower, if it does not then consolidation here.
Quoting Moe
agreed, there's no need to take anymore trades today, 12pm is the normal cut off time on friday's.
I hope your query is answered, already.
  • #35,329
  • Oct 12, 2007 11:07pm Oct 12, 2007 11:07pm
Quoting forexlion
I hope your query is answered, already.
Uh no not really. You posted a 15min chart this morning with colorful, I guess, MA's (my favorite lagging indicator) and it says get ready for ride down. I asked since it didn't happen this afternoon when - next week?
  • #35,330
  • Oct 12, 2007 11:20pm Oct 12, 2007 11:20pm
Quoting SunTrader
Uh no not really. You posted a 15min chart this morning with colorful, I guess, MA's (my favorite lagging indicator) and it says get ready for ride down. I asked since it didn't happen this afternoon when - next week?
sure and post http://www.forexfactory.com/showpost...ostcount=35332

later said, as expected, its a consolidation indeed, we are done for this week.

markets change faster than a girl needs time to change.
  • #35,331
  • Oct 13, 2007 5:02am Oct 13, 2007 5:02am
Quoting Big Wave Rider
In my account
l.m.a.o.
If I Go Broke Trying Then I Will die happy.
  • #35,332
  • Oct 13, 2007 5:05am Oct 13, 2007 5:05am
Quoting xondur
And when the market takes back all this money, where does it put it?
it grow's to bigger liquidity in the market.
If I Go Broke Trying Then I Will die happy.
  • #35,333
  • Oct 13, 2007 5:14am Oct 13, 2007 5:14am
Quoting ClockTrader
If these numbers are from authentic stats, these are quite stunning and sorta eye openers for me.

I'm withdrawing my equity fast so I can gamble whole next week (INCL FRI)

lets see how FX treats me this month on whole.
nowing these number still don't stop the big traders from trading on friday's because not all traders give money back on friday's. i once had a good system that made money monday thru thursday but this same system lost money 3 out of 4 friday's in the month, for example the same trade set-up monday thru thursday that made pips did not work out on friday's, so what do that tells you.
If I Go Broke Trying Then I Will die happy.
  • #35,334
  • Oct 13, 2007 6:39am Oct 13, 2007 6:39am
I'm looking to trade this setup, when we get a break out. It might happen next week. I love these kinda breakouts. How do u guys trade them?
Attached Image
  • #35,335
  • Oct 13, 2007 6:55am Oct 13, 2007 6:55am
Quoting peterM
I'm looking to trade this setup, when we get a break out. It might happen next week. I love these kinda breakouts. How do u guys trade them?
This could take weeks to unfold, unless we have hawkish Minutes + strong CPI next week - to fuel another hike sentiment.

Otherwise, triangle goes on....

Good data + 0500 and we can risk a long here, can't we?
  • #35,336
  • Oct 13, 2007 7:01am Oct 13, 2007 7:01am
yes.. it could take a while.. we need a trigger like u say. Theres also a flag pattern, which may suggest continuation of the uptrend, unless the trigger is a downwards one.

Quote
Good data + 0500 and we can risk a long here, can't we?
That would be my choice too
  • #35,337
  • Oct 13, 2007 8:22am Oct 13, 2007 8:22am
Quoting Moe
nowing these number still don't stop the big traders from trading on friday's because not all traders give money back on friday's. i once had a good system that made money monday thru thursday but this same system lost money 3 out of 4 friday's in the month, for example the same trade set-up monday thru thursday that made pips did not work out on friday's, so what do that tells you.
I can't comment on your system, fridays are supposed to be highly volatile without any doubt and as apparent direction changes several times while most of us wana make several hundred pips off our positions, greed and fear + high volatility causes major losses

No doubt I have lost huge lately, but long way back, once I even made loads on one friday.
Hello World!
  • #35,338
  • Oct 13, 2007 8:35am Oct 13, 2007 8:35am
Hi ClockTrader, what are you doing here. Thought you will be off for the week-end?

By the way. ALL price patterns are less than 50% reliable. Proven fact.
.
  • #35,339
  • Oct 13, 2007 8:47am Oct 13, 2007 8:47am
Quoting cesarnc
This could take weeks to unfold, unless we have hawkish Minutes + strong CPI next week - to fuel another hike sentiment.

Otherwise, triangle goes on....

Good data + 0500 and we can risk a long here, can't we?
we can risk a long mabe for 100-125 pips up then any sign of a downtrend il jump on the train.
If I Go Broke Trying Then I Will die happy.
  • #35,340
  • Oct 13, 2007 9:01am Oct 13, 2007 9:01am
Quoting bullrock
Hi ClockTrader, what are you doing here. Thought you will be off for the week-end?

By the way. ALL price patterns are less than 50% reliable. Proven fact.
gota rush somewhere dude

catcha l8rs
Hello World!
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