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Cable Update (GBPUSD)

  • #54,121
  • Feb 15, 2008 3:00pm Feb 15, 2008 3:00pm
Quoting pearsonfx
Not so fast on the Bearish Trend, especially using one bearish engulfing candle.....which by the way is not that impressive...for that matter we should be in a bullish trend according to the weekly charts. same thing different side..

the thing about engulfing candles like that, is the next candle, if it confirms it or not....

On a side note, I have Bullish next week early before we start to see another significant decline.....in addition to that take a look at the 4 hour chart....fib levels, 38.2% was nicely penetrated then candle closed above, wouldn't that mean bullish beginning to continue?

All I am saying is make sure you look at the big picture, don't base an analysis off one candle

leave him, he is stubborn and will def. learn the HARD way. I cant believe he is teaching people how to trade, its like the blind leading the blind.
  • #54,122
  • Feb 15, 2008 3:03pm Feb 15, 2008 3:03pm
Quoting pearsonfx
Not so fast on the Bearish Trend, especially using one bearish engulfing candle.....which by the way is not that impressive...for that matter we should be in a bullish trend according to the weekly charts. same thing different side..

the thing about engulfing candles like that, is the next candle, if it confirms it or not....

On a side note, I have Bullish next week early before we start to see another significant decline.....in addition to that take a look at the 4 hour chart....fib levels, 38.2% was nicely penetrated then candle closed above, wouldn't that mean bullish beginning to continue?

All I am saying is make sure you look at the big picture, don't base an analysis off one candle
wouldnt the housing number for cable on sunday ensure a bearish movement ???????????????????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,123
  • Feb 15, 2008 3:04pm Feb 15, 2008 3:04pm
Quoting salah k.
wouldnt the housing number for cable on sunday ensure a bearish movement ???????????????????????????
unless they already priced in a bearish number.
  • #54,124
  • Feb 15, 2008 3:05pm Feb 15, 2008 3:05pm
Quoting AmeriTrini
One candle doesnt tell me we are in a bearish trend, sorry. you have been callin shorts all freaking week, its about time something went your way!!!!
uhmm, ameritrini here, guys please take your longs!.

what the hell are you going to know about gu. yesterday you tried to ridiculized me for calling to short gu at upped 1.9650.area and looked what happened. not just yesterday, many times in a row.

i bet you are not even trading gu cause you scared of the losses you have had lately trading this pair... (check ameritrini last posts here...)

so why the hell you try to make fun of people oppinions when you have not any right idea about this pair. enough!!!!.
  • #54,125
  • Feb 15, 2008 3:11pm Feb 15, 2008 3:11pm
Hello ,Be happy .trading ....Market closed .se you next week
  • #54,126
  • Feb 15, 2008 3:14pm Feb 15, 2008 3:14pm
Quoting nAVIN2007
yep i agree it looks downhill now, excelent analysis its as iif im looking at my own chart
  • #54,127
  • Feb 15, 2008 3:18pm Feb 15, 2008 3:18pm
Federal Reserve Board Governor Frederic Mishkin today issued yet another warning that the Fed would have to put the brakes on further interest rate cuts if inflation expectations -- not just inflation -- were to rise

The Days are over for GU Bullish for the moment..
And regarding Long term picture... I can tell you we are going towards 1.93 levels..
  • #54,128
  • Feb 15, 2008 3:18pm Feb 15, 2008 3:18pm
Quoting acidguy
uhmm, ameritrini here, guys please take your longs!.

what the hell are you going to know about gu. yesterday you tried to ridiculized me for calling to short gu at upped 1.9650.area and looked what happened. not just yesterday, many times in a row.

i bet you are not even trading gu cause you scared of the losses you have had lately trading this pair... (check ameritrini last posts here...)

so why the hell you try to make fun of people oppinions when you have not any right idea about this pair. enough!!!!.
im really interested in hearing ur expectations. can u tell me bec at the moment i have sell positions. wat do u think i should do.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,129
  • Feb 15, 2008 3:18pm Feb 15, 2008 3:18pm
Quoting acidguy
uhmm, ameritrini here, guys please take your longs!.

what the hell are you going to know about gu. yesterday you tried to ridiculized me for calling to short gu at upped 1.9650.area and looked what happened. not just yesterday, many times in a row.

i bet you are not even trading gu cause you scared of the losses you have had lately trading this pair... (check ameritrini last posts here...)

so why the hell you try to make fun of people oppinions when you have not any right idea about this pair. enough!!!!.
your guy in that avatar is smoking the wrong thing, and its affecting your thinking. who would take you seriously? your name is acidguy and you have an avatar of the scream killer smokin who knows what? who would take that seriously? I would call you the contrarian trade caller, meaning what trade you call, go the opposite.
  • #54,130
  • Feb 15, 2008 3:20pm Feb 15, 2008 3:20pm
Quoting AmeriTrini
your guy in that avatar is smoking the wrong thing, and its affecting your thinking.
hahaha, of course thats what you think. again WRONG!!!!.
do you know what a crazy person think of normal people?

anyway, have a great weekend, going to smoke and hopefully have better performance next week.
bye, take care.
  • #54,131
  • Feb 15, 2008 3:21pm Feb 15, 2008 3:21pm
Ameritrini,
I would be interested to know one thing.. If you call youself the Smart Kid around..
Lets discuss, no fussing about or such.. Lets talk and pass views...

Give me 3 Points Fundamentally
And give me 3 Points Technically

Of where and how you see BULLISH in this Pair..

And i will tell you all the 3 points as well why i see Bearish at the moment...

Lets share and hopefully from each other we learn something
  • #54,132
  • Feb 15, 2008 3:26pm Feb 15, 2008 3:26pm
Quoting jacobtrader
Ameritrini,
I would be interested to know one thing.. If you call youself the Smart Kid around..
Lets discuss, no fussing about or such.. Lets talk and pass views...

Give me 3 Points Fundamentally
And give me 3 Points Technically

Of where and how you see BULLISH in this Pair..

And i will tell you all the 3 points as well why i see Bearish at the moment...

Lets share and hopefully from each other we learn something
I dont regurgitate anything, I'm not a cow. You can read my last posts and find exactly what you are looking for. I'm not interested in your point of view, sorry.
  • #54,133
  • Feb 15, 2008 3:32pm Feb 15, 2008 3:32pm
Quoting AmeriTrini
I dont regurgitate anything, I'm not a cow. You can read my last posts and find exactly what you are looking for. I'm not interested in your point of view, sorry.
Hahha things are clear.. you are a total newbie Mooing all around like a cow.. when you yourself aint having any knowledge of whats happening..
No need to fuss around with everyone, when you aint yourself sure...
Speak out Loud when you have something logic and something Important to SHOUT out..

Good Luck in your trading.. And get some books - STUDY!!
  • #54,134
  • Feb 15, 2008 3:41pm Feb 15, 2008 3:41pm
You guys talk too much.
  • #54,135
  • Feb 15, 2008 4:17pm Feb 15, 2008 4:17pm
weekend at last
hope sunday we wont open to a disaster.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,136
  • Feb 15, 2008 5:28pm Feb 15, 2008 5:28pm
Time to get some sleep. Let's hope next week brings us some nice fruits.
  • #54,137
  • Feb 15, 2008 5:53pm Feb 15, 2008 5:53pm
I love this thread because it truly reflect the masses. Zero end game. Good learning experience too. Forex is much cleverer than all of us combined...
  • #54,138
  • Edited 6:27pm Feb 15, 2008 6:02pm | Edited 6:27pm
Quoting Designer1

Jacob what s your point we can have Trendline Down to Down and Top to Top is accurate result ?

cant have top to down or down to top Trendline?
Can't understand what you mean (don't be offended, maybe u should take English lessons - good communication is important)
  • #54,139
  • Feb 15, 2008 7:40pm Feb 15, 2008 7:40pm
Quoting nAVIN2007
I learnt something today.....my lines were not in the right place..and it totally lead me to make the wrong decisions...
I see why its short now...silly me wasnt updating the lines ..no money lost at least as demo account
hello nAVIN....
you're not the only one learn here......
the way i see, you have a good knowledge and skill to trade...
and i can say that you already have all the thing you need....
but, remember nAVIN....
as long as you trade in demo acc.....
it means you're ability hasn't tested yet.....
that's why all the good trader in this thread such as Ameritrini and jacobtrader so confidence with their strategi even sometimes they have an opposite opinion....
because they've been tested by the market thru the real account....
i guess sometimes you need to try in mini/micro account...

Ps: i've told you before that i was inspiring with your accelerate in learning in this thread but it's too bad if you only use your skill in demo...
Never Give Up.....
  • #54,140
  • Feb 15, 2008 8:10pm Feb 15, 2008 8:10pm
Quoting lessy
hello nAVIN....
you're not the only one learn here......
the way i see, you have a good knowledge and skill to trade...
and i can say that you already have all the thing you need....
but, remember nAVIN....
as long as you trade in demo acc.....
it means you're ability hasn't tested yet.....
that's why all the good trader in this thread such as Ameritrini and jacobtrader so confidence with their strategi even sometimes they have an opposite opinion....
because they've been tested by the market thru the real account....
i guess sometimes you need to try in mini/micro account...

Ps: i've told you before that i was inspiring with your accelerate in learning in this thread but it's too bad if you only use your skill in demo...
That is correct lessy allow me to reiterate what I posted earlier as an answer to salah k posts:

Always remember that there is a big difference between trading a demo account and trading a real account and that is none other than human nature or shall I say emotions which is the main reason why lot of traders are losing money in trading!

In addition, even the greatest system in the hands of undisipline trader proved to be the vehicle for their consistent losses (remember John Rushkin, Nick Leeson and recently Jerome Kerviel).....just my 2 cents
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