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Cable Update (GBPUSD)

  • #49,561
  • Jan 15, 2008 6:03am Jan 15, 2008 6:03am
Quoting forexguru
I spent more time looking at the charts for 5 years than 5 people together spent looking at their girlfriends eyes, I lost thousands of dollars, I stayed awake many nights looking at charts, I had many times placed relaxing eye drops in my eyes to keep me going, after all this, I still have losing days, .. but what make you think that I will reveal my method that costs me so many thousands and effort to create?

In fact maybe my method will not work for you as this is personal and your method should be based according to your personality, and my personality is different from yours.. for instance if george soros told you what method he uses still probably most of the people will lose.

Just have in mind the most important is not the method but the proper money management, cut your losses small let your profits run.
What mode of payment do u prefer?

I would like to see a trial on this thread first though. And yes I will pay for your eyes drops as along as I live. Lets leave Soros out of this..
  • #49,562
  • Jan 15, 2008 6:05am Jan 15, 2008 6:05am
Can't we get along?

First and foremost, MM. When you have that down, why should you have any losses if you follow the major trend (e.g. Daily, weekly, etc...). I've only had three small losses (in the last four months) due to pulling the trigger a little too early. What works for one may not work for others but if you follow the higher TF's and have the patience to wait, you shouldn't incur any losses or cut them down to a minimum. Everyone wants to get rich quickly. May happen but for the most part, it ain't going to happen. Takes time, effort and patience. Good luck to all!
Humble Lifetime Member
  • #49,563
  • Jan 15, 2008 6:06am Jan 15, 2008 6:06am
Quoting forexnovice
What mode of payment do u prefer?

I would like to see a trial on this thread first though. And yes I will pay for your eyes drops as along as I live. Lets leave Soros out of this..
I do not want any payments right now, when I make my method available to public I will send you an email, do not worry, but not this time.
  • #49,564
  • Jan 15, 2008 6:07am Jan 15, 2008 6:07am
Quoting nik1033
seems cable have good potential to touch 1.9660 today...

GL
here we are
  • #49,565
  • Jan 15, 2008 6:09am Jan 15, 2008 6:09am
Quoting Ash
Can't we get along?

First and foremost, MM. When you have that down, why should you have any losses if you follow the major trend (e.g. Daily, weekly, etc...). I've only had three small losses (in the last four months) due to pulling the trigger a little too early. What works for one may not work for others but if you follow the higher TF's and have the patience to wait, you shouldn't incur any losses or cut them down to a minimum. Everyone wants to get rich quickly. May happen but for the most part, it ain't going to happen. Takes time, effort and patience. Good luck to all!
Can you trade daily and weekly TFs with small stops or is impossible?
  • #49,566
  • Jan 15, 2008 6:09am Jan 15, 2008 6:09am
Quoting forexguru
I do not want any payments right now, when I make my method available to public I will send you an email, do not worry, but not this time.
And what am I supposed to do in the mean time oh Guru of all gurus....
Attached Image
  • #49,567
  • Jan 15, 2008 6:10am Jan 15, 2008 6:10am
Quoting hilmiy2k
forex just like our life it's up and down..we can't aspect what gonna happend..use ur knowledge,experience n gutfeel
try not to use gut feeling...only place trade according to charts, analysis of candle sticks,chart patterns and suport and resistance. U have to mechanical and gut feeling arent this...impulse needs to be taken out of equation.
  • #49,568
  • Edited 8:24am Jan 15, 2008 6:11am | Edited 8:24am
I do not like price stop at 1.9682 this run looks weak if it cannot go over it



Quoting nik1033
here we are



edit : breakout onto target1 .. over 250 pips run

http://bp3.blogger.com/_soa35Q8-2NA/...lgu98paint.GIF
  • #49,569
  • Jan 15, 2008 6:12am Jan 15, 2008 6:12am
Quoting forexnovice
And what am I supposed to do in the mean time oh Guru of all gurus....
that's u?
  • #49,570
  • Jan 15, 2008 6:17am Jan 15, 2008 6:17am
Quoting forexguru
that's u?
Answer my earlier questions first.

Some analysis and charts explaining why u "think" cable is headed this way or that b4 posting ur trade calls would be mucho appreciated.
  • #49,571
  • Jan 15, 2008 6:17am Jan 15, 2008 6:17am
Quoting Runway Trade
Why would you say that, I cant see any reason for up, still stong down channel on 1H, already retracted to 23.6%. Might go to 1.9600 then down again before news and further down with bad news to 1.9500. If the news is better then expected might break up. just my view.
for me cable will test downside tomorrow...will update my view on japan session tomorrow..coz situation is not clear for the moment...

GL
  • #49,572
  • Jan 15, 2008 6:18am Jan 15, 2008 6:18am
Quoting Ash
Can't we get along?

First and foremost, MM. When you have that down, why should you have any losses if you follow the major trend (e.g. Daily, weekly, etc...). I've only had three small losses (in the last four months) due to pulling the trigger a little too early. What works for one may not work for others but if you follow the higher TF's and have the patience to wait, you shouldn't incur any losses or cut them down to a minimum. Everyone wants to get rich quickly. May happen but for the most part, it ain't going to happen. Takes time, effort and patience. Good luck to all!
very good post
  • #49,573
  • Edited 12:00pm Jan 15, 2008 6:20am | Edited 12:00pm
Quoting albertotralzt
Can you trade daily and weekly TFs with small stops or is impossible?
When you trade with the trend on the higher TF's, depending what which currency, your s/l is much higher (which shouldn't get hit if got into the trade at the right time) but I haven't had mine hit. The payoff is anywhere from a few hundred to a few thousand pips.

You have to look at the bigger picture. How long are you going to keep on trading intra-day? Scalping / intra-day is like dancing with the devil, you will get burned.

No matter what I say, will not make anyone change their minds but let me say, that whose who have seen the light, do not want to go back to scalping / intra-day trading. Less stress, more rewarding when you see your postion grow from a 100-300-700-900-1300-3000 pips.

"Be excellent to each other, and party on dude!" (Qoute from Bill & Ted's Excellent Adventure, 1989)
Humble Lifetime Member
  • #49,574
  • Jan 15, 2008 6:27am Jan 15, 2008 6:27am
the only problem with trading like ash ...u need to know your trade and he obviously does....and i bet my life on it...he is 100% mechanical. Getting to that stage will require a lot of experience....one day im gonna join him ....
  • #49,575
  • Jan 15, 2008 6:29am Jan 15, 2008 6:29am
Ash are you long from here? I closed all GBP longs (vs usd and jpy)...can't bear to hold through USD news, after getting out of these positions with a small profit. I was down big yesteday morning, but traded my way out of it.

I like your idea about longer time frames from a previous post. I always look at them but , I figure you never know when the worm will turn so I take risky positions that ultimtely have me entering too early. I think I will trade smaller posiitons, wait longer TF and implemenet 5-7% SL to avoid major blow up's. Sounds resonable, no?

best of luck today
  • #49,576
  • Jan 15, 2008 6:35am Jan 15, 2008 6:35am
Quoting nAVIN2007
the only problem with trading like ash ...u need to know your trade and he obviously does....and i bet my life on it...he is 100% mechanical. Getting to that stage will require a lot of experience....one day im gonna join him ....
Doesn't require a lot of experience. You can take the short way or the long way. The choice is yours.

The system is not a secret. Go to http://www.forexfactory.com/showthread.php?t=44759

and read from the beginning. Demo it. Once you've climbed that hurdle, I'll tell you what to do next. It's the basics. Simple. Easy. Doesn't cost any money only your time.
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  • #49,577
  • Jan 15, 2008 6:39am Jan 15, 2008 6:39am
Quoting Ash
Doesn't require a lot of experience. You can take the short way or the long way. The choice is yours.

The system is not a secret. Go to http://www.forexfactory.com/showthread.php?t=44759

and read from the beginning. Demo it. Once you've climbed that hurdle, I'll tell you what to do next. It's the basics. Simple. Easy. Doesn't cost any money only your time.
thx buddy .....looking at it right now
  • #49,578
  • Jan 15, 2008 6:43am Jan 15, 2008 6:43am
Quoting TIckerShuffl
Ash are you long from here? I closed all GBP longs (vs usd and jpy)...can't bear to hold through USD news, after getting out of these positions with a small profit. I was down big yesteday morning, but traded my way out of it.

I like your idea about longer time frames from a previous post. I always look at them but , I figure you never know when the worm will turn so I take risky positions that ultimtely have me entering too early. I think I will trade smaller posiitons, wait longer TF and implemenet 5-7% SL to avoid major blow up's. Sounds resonable, no?

best of luck today
I never make trade calls. I always say follow the charts. I got out of my two GU postions last wek for a total of 2948 pips. I see it ranging right now, waiting for a breakout. Also, you have to remember that Cable is in bear mode on the daily, weekly (found support at the 100 EMA).
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  • #49,579
  • Jan 15, 2008 6:53am Jan 15, 2008 6:53am
Hi all... here is my analysis.....
So i have been Long @ 1.9532 since asian session.
Thanks to Big Wave Rider for the Weekly EMA 100 n QS for his prediction....
Thank U... Thank U.....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSpot.png Size: 13 KB
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #49,580
  • Jan 15, 2008 7:00am Jan 15, 2008 7:00am
Quoting YudhaGBP7
Hi all... here is my analysis.....
So i have been Long @ 1.9532 since asian session.
Thanks to Big Wave Rider for the Weekly EMA 100 n QS for his prediction....
Thank U... Thank U.....
according to this chart price must always go where it was previous.. this thing never happens though in the real trading only in theory.
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