Cable Update (GBPUSD)

so where to see cable for next year?

below 2.0000 i agree

No! Do not re-adjust. Please don't! We need you all hyped and wired when trading resumes.

Money Master
I agree with REPApips , you have been great this week really appreciate your input - please keep wired!!

Money Master simply knows his stuff... I made trades this week that made money and only because i was listening to money master !!! Some of the trades he talked about... came right down to the pip...

So my questions is, when will money master start his own thread and tell us how he know all he knows... I am willing to be a paying customer !!!

Trading success comes from yourself, not from the advice of others. If you want to have some fun at work when you're bored, listen to other people. If you're serious about becoming a true trader, you need to listen to only yourself.

I am beginning to believe that the only way to really succeed is to devise you own system or adapt someone else's system for your own use. Until I did this I was not really profitable.

I am not entirely sure why this should be because if someone else is profitable using a system there is no reason why I should not be. It just does not seem to work that way. Maybe the reason the system I have devised is working so well for me is because it is totally mechanical and therefore idiot-proof (that means that I cannot screw up my own system). The next step is to put the computer in charge of trades so that I have nothing to do with the trading. That should be the ultimate idiot-proofing.

Can you tell me about that eKamWhereFib indicator that you are using on this screen? It looks like price moving like rsi hitting fib levels up and down between some bolinger bands.

You can get it off of the TS forum. It plots todays range as the outer bands and the midpoint. Then the Fib part overlayed takes the range and lists fib levels for that range, you can add more levels by just overlaying the fib part again. Visually simnple to notice range expansion, and also gives a feel when if or not price spends most of its daily time above or below this midpoint. If You go on tradestation forum, should be easier to get. Also check out another indicator by ekam, but finalised by codetalker called CT Power RSI Pivot.

I agree, partially.

The best help I'm getting from this Forum is not the calls other make on the trades. But their view at large, which brings me a better view of my charts. It's interesting how "channels", "supports and resistances", "breakouts" just pop up here by reading other's posts and working on my own charts. But I'm the one to decide to believe them or not, to go along with them or not and how much pip to make in every trade.

Nevertheless, I can say that 80% of the time people like Money Master, Fix1metoo (is that right?) and Monarch call a trade, I end up going along successifully.

20% of the time I stay out .... watching the market confirm they all were right!

As far as i concerned,we can listened to the right persons but not all.We also have to make our own judgement after we read others opinion.Don't just blindly followed what they said.From what i observed,there are some of member such as fixme1too & monarch are reliable....

I agree too that we must all make and find our own way... I don't make any trades based upon what others say unless I can confirm what someone has said. Little by little I am coming up with my own system and my own rules.

On the other hand... I cannot yet sit down and see and understand what some of you very good traders can. Each time you put something out there, I can learn something from it and little by little I can learn what to do and what fits for me. People like Money Master, Twinchell, Aswilled, shewilled, goothings, mrtrend, TRO, ( may God rest his soul ) and many various others put enough out there for others to learn.

It is all great for us all to be here in this forum shooting the breeze while waiting for our trades to win or lose... it's fun, but without those people who are willing to share important things about trading, I for one would not be here wasting my time.

I have always known that up to this point I have nothing of any value to add to these forums except unimportant comments. But I will always be first to appreciate all that others do have to offer... It is much more than I have gotten from Rob Booker, or books.

You know most of you all here in the forums are between 20 and 30 years old. I am 50... I don't have another 40 years to make a couple of million bucks... I gotta get it done before I poop out, so my familly can have something left over to live on... I intend to do that and I intend to do that with Forex... I am not dumb... I have a degree... but still, it is amazing what you 'kids' are doing !!! When you truly share how you do it, especially with older folks... you make a difference. It is making a difference and improving my trading... I really appreciate that !!!

Because of these forums more than anything else... 2007 will become a profitable year for me for the first time... and hopefully by the end of 2007, I can start to trade bucks rather then cents !!

Thanks a lot to all of you for everything.

YES, and fixme1too !! Who seems really not to say enough here anymore... he is right on !!

[quote=Tiki Trader]TRO, ( may God rest his soul )


Tiki did something happen to TRO?

NO.... just that he is not here anymore.... I was not part of the forum for very long yet when he was still here... that was before I even knew that you could get banned from the forum !!! He was just suddenly gone one day... I know he was outspoken.... but as far as I could ever see, and by the things he wrote that I saw... he has a huge knowledge that he was willing to share...

Right now he has his own web site selling his trading system for $ 500...

What I really meant was that I liked him, and I wish he were still here...

Tiki PM with your yahoo address and sign up for Yahoo messenger for me if you are not already.

HAPPY NEW YEAR TO ALL.

MAY WE HAVE A PROSPEROUS PIPS THIS 2007.

Here is the Weekly Chart with Wave Count 5 upwards still in progress.

I am looking for completion of the Top of Wave 5 before going Short on the Wave A correction down.

Looking at the Daily Chart, you can see a Flag Formation in progress.

We are watching for a breakout prior to entering position.

I have a Fibo 50% at 1.9348 which is a Sub Divided Fibo of a larger Fibo prior to this movement.

Remember every large movement can be sub-divided into a Fibo retracement.

Observe each time frame and you will see Fibo's and Fibo sub-divisisions happening through out each High and Low of that time frame.

My thought too has been that we are close to some kind of breakout soon...

Looking at the Post by Fixme1too on His thread you can see the top to the Pennant/Flag formation around 1.9653 which would be exactly where Fixme1too has his Target price.

Quoted from Fixme1too
December 29, 2006

GBPUSD

BUY

Entry: 9571-9556
Target: 9645-9669
Stop: 9471
This is new system where each trade generally last 1 to 2 days at a time generating avg 80pips per day.
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IF IT DON'T MAKE DOLLARS IT DON'T MAKE SENSE