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Cable Update (GBPUSD)

  • #42,941
  • Dec 4, 2007 10:47am Dec 4, 2007 10:47am
Quoting Qu|cksilver
We are in the middle of the journey today or maybe soon will end.. im going to close if cable break 2.0600

I have no TP.. i will close it anytime if i see a reversal candle on 5min or 30min or 1hr.
TP and reversal = 2.0550
It may not be immediate but will happen today
  • #42,942
  • Dec 4, 2007 10:51am Dec 4, 2007 10:51am
Quoting fxbroker
TP and reversal = 2.0550
It may not be immediate but will happen today
...
  • #42,943
  • Dec 4, 2007 10:53am Dec 4, 2007 10:53am
Quoting fxbroker
TP and reversal = 2.0550
It may not be immediate but will happen today
I like your confidence.
What if 2.0550 broken?
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,944
  • Dec 4, 2007 10:56am Dec 4, 2007 10:56am
Quoting Moe
no you can't call them traders, you can call them wanna be traders.
You can can call me what you want, I take all the info I can get and make MY trade. I still make the pip, I just use all the info I can get. Yes I am a newbie, first opened live acount in June this year and I am already making half my salary "trading". If you get info that fed is going to cut rates and you use this info are you using other peoples info can you call yourself a trader? I still make the trade and take the profit or loss, not matter where I get the info. But thanks to all you 1K traders that share info it DOES help me learn after making my own analysis. QS keep it up as well as all you others I need all the info I can get to learn. Going to selebrate now has been a good "trading" day for me!!!!
  • #42,945
  • Dec 4, 2007 11:00am Dec 4, 2007 11:00am
Quoting Qu|cksilver
I like your confidence.
What if 2.0550 broken?
Oh what if? Maybe I will lose -20pips in trying to buy
back but I do not think so.

Why? because you will be asleep and tired of shouting down
I will buy back before you wake up and we will start
to shout sell and down cable again?


What could be more interesting than this?

On a more serious note my system don't just fail like
that, I will step aside if buy failed. and enter sell
  • #42,946
  • Dec 4, 2007 11:14am Dec 4, 2007 11:14am
Quoting fxbroker
Oh what if? Maybe I will lose -20pips in trying to buy
back but I do not think so.

Why? because you will be asleep and tired of shouting down
I will buy back before you wake up and we will start
to shout sell and down cable again?

What could be more interesting than this?

On a more serious note my system don't just fail like
that, I will step aside if buy failed. and enter sell


Ok..im going to sleep now..
stoploss 2.0600

What is interesting when i sleep and you sleep cable will going sideways
and when we wake up we will see the same price before we sleep.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,947
  • Dec 4, 2007 11:20am Dec 4, 2007 11:20am
Quoting Qu|cksilver


Ok..im going to sleep now..
stoploss 2.0600

What is interesting when i sleep and you sleep cable will going sideways and when we wake up we will see the same price before we sleep.
sleep well and
  • #42,948
  • Dec 4, 2007 11:32am Dec 4, 2007 11:32am
Quoting Qu|cksilver


Ok..im going to sleep now..
stoploss 2.0600

What is interesting when i sleep and you sleep cable will going sideways
and when we wake up we will see the same price before we sleep.


yeah me too i want to sleep ... but after 4 hour candle close ... after 30 minutes
  • #42,949
  • Dec 4, 2007 11:45am Dec 4, 2007 11:45am
what a boring with cable...
Patience is virtue
  • #42,950
  • Dec 4, 2007 11:50am Dec 4, 2007 11:50am
it's sitting on my 38 fib.. 1.96-2.12 kinda area
  • #42,951
  • Dec 4, 2007 11:57am Dec 4, 2007 11:57am
Quoting peterM
it's sitting on my 38 fib.. 1.96-2.12 kinda area
What does that mean?
Sincerely I don't know how to draw or interpret
fibos
  • #42,952
  • Dec 4, 2007 12:00pm Dec 4, 2007 12:00pm
Quoting peterM
it's sitting on my 38 fib.. 1.96-2.12 kinda area
here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.gif Size: 12 KB
  • #42,953
  • Dec 4, 2007 1:05pm Dec 4, 2007 1:05pm
Quoting fxbroker
What does that mean?
Sincerely I don't know how to draw or interpret
fibos

Oh, back to kindergarten, then

see: babypips.com
  • #42,954
  • Dec 4, 2007 1:23pm Dec 4, 2007 1:23pm
Quoting JanPoko
Oh, back to kindergarten, then

see: babypips.com
I know some of you will be shouting hell, what are you doing here!!!!!
go back to kindergarten. that is why I asked the question.

Actually you see I don't use them but still able to accurately
predict the bahaviour of the market for a day. And you don't need
them too because they are not real. They are imaginary lines on your
chart and the mindset of many retail traders. They are there to retard
your progress

So how can you possibly rely on lines on your chart which
maybe wrong anyway. Yes your platform for example, maybe
getting wrong or belated feeds of data and cannot actually get 100% of accurate data, no system can 100% capture the main market
actions. So you are basing your decision on belated data feed
to you by your broker, whom in turn relied on another source
to get the actual picture, and so on. Meanwhile your PC maybe
286 and too slow for your chart to capture the real life situation.

Same with other indicators or EW, or Fibos, Gan.

They cannot hold back the trade or turn it in your favour as trade
must achieved its course!

I know that will be too scientific to comprehend for you,
Do you still want me to go back to babypips?
  • #42,955
  • Dec 4, 2007 2:03pm Dec 4, 2007 2:03pm
Quoting fxbroker
Yes your platform for example, maybe
getting wrong or belated feeds of data and cannot actually get 100% of accurate data, no system can 100% capture the main market
actions. So you are basing your decision on belated data feed
to you by your broker, whom in turn relied on another source
to get the actual picture, and so on. Meanwhile your PC maybe
286 and too slow for your chart to capture the real life situation.

Oh come on... unless you're truly scalping the market for 1-5 pips at a time, any retail broker feed ("belated" or not) is good enough to base decisions on.


Quoting fxbroker
Actually you see I don't use them but still able to accurately
predict the bahaviour of the market for a day. And you don't need
them too because they are not real. They are imaginary lines on your
chart and the mindset of many retail traders. They are there to retard
your progress

There are millions of traders out there with their own styles or methods to find support and resistance levels (whether its fib, gann, plain old trend lines, whatever) and since so many of them are using fib levels it's a perfectly valid way to trade for both retail traders and the big players who love to run weak stops on the other side of these support and resistance levels.

The longer the time frame, the more respect these "imaginary" lines get.
  • #42,956
  • Dec 4, 2007 5:20pm Dec 4, 2007 5:20pm
Morning all,

Down cable down...
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,957
  • Dec 4, 2007 5:32pm Dec 4, 2007 5:32pm
Quoting Qu|cksilver
Morning all,

Down cable down...
Good morning QS..Is it too late to short now at 575??
  • #42,958
  • Dec 4, 2007 5:35pm Dec 4, 2007 5:35pm
Quoting fxcritic
Good morning QS..Is it too late to short now at 575??



make sure you put your stoploss 30-40 pips.
at your own risk k...
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,959
  • Dec 4, 2007 5:39pm Dec 4, 2007 5:39pm
i just been short from 2.0593 im out now
  • #42,960
  • Dec 4, 2007 5:40pm Dec 4, 2007 5:40pm
I think cable will be ranging now..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 19 KB
"Invest With The Insiders, Not The Masses" George Muzea
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