Cable Update (GBPUSD)

Everybody loves you !!!

But yur scaring me to make the trip from Houston up to Tenn

GBP is losing steam, so is EUR, it looks like USD is going to beat 'em to death. Wait until everyone thinks that, at whatever time or price, then go long on 'em!

Thanks for the love, BTW, but I prefer to be an asshole...

got in short for another 10 pips and out !!

quick post


still short in this market and have bottom of channel at 9315-9330 which i think is possible to see before retrace up.... just my 2 cents

Hey, Tiki,

My whole point being, why didn't you get in at 1.9673 and just ride it? There are ways to figure out that kind of short using 4-hour or even daily charts...

that was the top of wave # 5 on a 3 minute chart coupled with diverence on a 5th wave down on a 330 minute chart plus 1.9395 was the lowest low on a thirty minute chart hope this helps

where the bottom is now? I went long @400. Am I safe?

close out half stop to break even

This is over 300 pips in 2 days, hell, I don't even know what it was. I know what I profited, and I don't really know how low it will go, but I have ideas. My point is that people trading longer-term charts caught this whole move, while people trading 5-min charts or 15-min charts were in and out all over the place. They paid a bunch of spread and were scared and freaked out the whole time because they were looking for longs because of that Thanksgiving move. The trend is your friend, right? My ass.

on daily chart i have gbp giiong down to 9334 at least before any rebound. 15 min chart stoc are oversold but have not rached extreme yet so more room to down side

Yes. The GBP will be just fine. I'm going long now at 9353, but in pieces b/c I'm worried about a spike tomorrow.

bit premature on profit taking on gbp.jpy but oh well..the beast is facing a tuff bit of resistance just below 229..if it goes it's headed to 227.30

Also, stop using the charting from your broker. I saw somebody on here talking about a 3-minute chart. What the hell is that? Who uses that time frame and what good is it?

Oanda has 3-hour charts, which should also be ignored. These are useless charting time frames that are specifically designed by your bucket shop to make you lose money. It will screw up your math, screw up your patterning, be it bars or candlesticks, and screw up your account. This is an unregulated, cutthroat environment, and anyone that tells you different is full of it! I heard of a guy called Wayne who will take your money without the hassle of even putting it in the market...

<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 176427" vAlign=top><TD class=alt1 align=middle width=125>dukeofdents</TD><TD class=alt2>This is over 300 pips in 2 days, hell, I don't even know what it was. I know what I profited, and I don't really know how low it will go, but I have ideas. My point is that people trading longer-term charts caught this whole move, while people trading 5-min charts or 15-min charts were in and out all over the place. They paid a bunch of spread and were scared and freaked out the whole time because they were looking for longs because of that Thanksgiving move. The trend is your friend, right? My ass.</TD></TR></TBODY></TABLE>
I trade 5 min and rode this baby down. Some people might trade on 5 minutes but you also look at the other charts as well. 5 minute charts work perfect for me I dont know what happened when you tried it. Just banked 30 pips on top of my 178pips from the past 24 hours. Boy im Excited... Cant wait for NFP My target was 9347 as you can see from my last couple posts but I exited. Hope an upmoveent comes now. <!-- / message --><!-- sig -->

Not everybody who uses 5-minute charts are scalpers. I closed a couple of lots for 200+ pips each. I was not scared either. And it's not as though I don't use 1-hour and daily charts as well, but the 5-minute charts allow me to pinpoint my entries and exits for maximum profit and minimum losses. Seriously, don't trash what other people do if you don't know what they are doing.

GBP/USD Stalled way earlier than I expected according to my system. expect 193.50-193.65 all the way to 8:00 am est. Dont bother opening up new positions here. Next eight hrs, minimum movement from here

Rdrainey,

I basically just enjoy getting a rise out of people, it's fun to me and it makes them re-evaluate their thinking, which probably helps them as well. To put it another way, I get off on being an asshole!

exit with 95 pip
and now waiting for NFP