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Cable Update (GBPUSD)

  • #57,841
  • Mar 11, 2008 11:59am Mar 11, 2008 11:59am
Quoting nAVIN2007
I got the feeling we are heading down..i know u hate this diverence thing tony but i see on the minute chart ..i wonder if it will pan out..
come on now, a divergence on a minute chart. There are divergences on the minute chart, every hour. Dont be fooled.
  • #57,842
  • Edited 12:20pm Mar 11, 2008 12:04pm | Edited 12:20pm
Quoting AmeriTrini
come on now, a divergence on a minute chart. There are divergences on the minute chart, every hour. Dont be fooled.
damn i got fooled...so u dont bother with diverence on 15 minutes charts..just the big picture

oh i see ...damn...i totally forgot about the trendline on daily chart ofcourse we are bouncing of the trendline..thx for putting my mind back on track

what a twit i am .....i got distracted and forgot to look at different time frames damnit
  • #57,843
  • Edited 12:34pm Mar 11, 2008 12:10pm | Edited 12:34pm
Quoting salah k.
thnx for clearing that up.
about cramer do u remember wen he was telling people to buy stocks right be4 the clash .
im thinking he should be banned because he is an idiot but i guess he brings ratings because everybody needs a good laugh.
people switch from the comedy channel to watch mad money.

thnx but seriously though how old are u?
I am only 60 chronologically but I had a food rationing card after the war and I lived in black and white before TV and I remember when the UK was like the US is now with religion. I was taught at school that God was number 1 and had set up the Queen under him to rule the empire and the world and we were a species above any other in the world and we were so lucky to be born in the best country on earth. That's why it's easy for me to adapt to the US as I have seen it all before 50 years ago - so when Mitt Romney says that 'the US is the finest country that has ever existed in the history of the world', while standing in front of massed flags with golden eagles on the top and looking for all the world like Rudolph Hess at Nurenberg, I just smile.

I have seen many housing slumps and huge inflation and slumpflation and had 10 % pay rises every 3 months..

This one should be bad, but the rise of Asia might - just might, make it less hard this time - but it sure doesn't look like it as the storm clouds gather
  • #57,844
  • Mar 11, 2008 12:23pm Mar 11, 2008 12:23pm
Quoting allserene
I am only 60 chronologically but I had a food rationing card after the war and I lived in black and white before TV and I remember when the UK was like the US is now with religion. I was taught at school that God was number 1 and had set up the Queen under him to rule the empire and the world and we were a species above any other in the world and we were so lucky to be born in the best country on earth. That's why it's easy for me to adapt to the US as I have seen it all before 50 years ago - so when Mitt Romney says that 'the US is the finest country that has ever existed in the history of the world', while standing in front of massed flags with golden eagles on the top and looking for all the world like Rudolph Hess at Nurenberg, I just smile.

I have seen many housing slumps and huge inflation and slumpflation and had 10 % pay rises every 3 months..

This one should be bad, but the rise of Asia might - just might, make it less hard this time - but it sure doesn't look like it as the strorm clouds gather
man its always a pleasure to hear what u say
believe it or not im writing them as footnotes and placing them on y desk
u c I've been tryong to understand wats happening for a long time and u seem to know the big picture.

im sorry but i need to ask u one last question
u c i've been hearing big people talk about the decrease in the dollar currency, they are saying that its of political reasons and that it helps them pay their debt more easily.

wat do u think
load of crap or is there some truth to it?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,845
  • Mar 11, 2008 12:45pm Mar 11, 2008 12:45pm
They can move markets in the short term but the markets are bigger than even the US government and nasty things like slumpflation can be caused.
Some aspects of a lower dollar are beneficial like the existing debt to the chinese is worth less - but it must also make the chinese want to stop investing in dollars in future and move to the euro - and it stokes up inflation in the US.

So some short term benefits from manipulation can rebound badly on governments.

When the share price of boeing is tumbling all the time when the european airbus should be badly defeated and bankrupted by exchange rates, it makes you wonder about US industry

one day we must all pay for everything

ok off looking for tortoises on honeymoon island and having a break from the girations for today - 6 scalping trades today with 5 wins and 1 tiny loss - think i am finding my style again...

long time span trades with bigger s/l's are a disaster for me right now
  • #57,846
  • Mar 11, 2008 1:00pm Mar 11, 2008 1:00pm
i got my account details but i think i need to wait till this week is over..start fresh next week...
  • #57,847
  • Mar 11, 2008 1:05pm Mar 11, 2008 1:05pm
Quoting nAVIN2007
i got my account details but i think i need to wait till this week is over..start fresh next week...
good luck mate.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,848
  • Mar 11, 2008 1:10pm Mar 11, 2008 1:10pm
Quoting salah k.
good luck mate.
u know i did so well but would u believe i lost all of it..because i got distracted and forgot about a trendline on dailly chart..i lost all the money i made today ..1 step forward 2 steps back ..
this risk management..is going to be my downfall..
i got so confident..i placed a trade and didnt realise it was reversing, at least its better now then after
  • #57,849
  • Mar 11, 2008 1:16pm Mar 11, 2008 1:16pm
Quoting nAVIN2007
u know i did so well but would u believe i lost all of it..because i got distracted and forgot about a trendline on dailly chart..i lost all the money i made today ..1 step forward 2 steps back ..
this risk management..is going to be my downfall..
i got so confident..i placed a trade and didnt realise it was reversing, at least its better now then after
im sorry to hear that bro
keep ur head up
u will make it back.

"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,850
  • Mar 11, 2008 1:18pm Mar 11, 2008 1:18pm
Looks like heading down again to retest lows from here as it drops while i write this doh!!


Navin, don't sweat it to much, hard to predict anything when the moves are this fierce, your going to get break even days, down days and hopefully up days nothing is perfect or ever will be ( without a crystal ball which I can supply you for £10,000 I don't use it cause it's cheating LOL )

You've got your account, go live extra 3 days won't matter either way, just start off as small as you can $0.10 per pip if you can.

I stayed out, I fancied buying the bottom @2.0000 and for once it worked out, well woulda, too scared in short to lose my little account.

All part of the fun, well kinda
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,851
  • Mar 11, 2008 1:24pm Mar 11, 2008 1:24pm
Quoting nAVIN2007
i got my account details but i think i need to wait till this week is over..start fresh next week...

Your problem can be easily overcome, first and foremost look at your longer time frame charts and then wait for your short term to backup what the longer time frames are saying. Then use your money management wisely and reap your profits.

Good Luck my Friend,

  • #57,852
  • Mar 11, 2008 1:27pm Mar 11, 2008 1:27pm
i type to much ...mouth is wide .....lol
i actually thought ...today i couldnt do no wrong still im glad it happened cause these thing are bound to happen....best to happens when im on a demo than a real account.....i say run with the winnings!!!
  • #57,853
  • Mar 11, 2008 1:28pm Mar 11, 2008 1:28pm
Quoting AmeriTrini
Your problem can be easily overcome, first and foremost look at your longer time frame charts and then wait for your short term to backup what the longer time frames are saying. Then use your money management wisely and reap your profits.

Good Luck my Friend,

thank u ...u know i really do u see as my friend
  • #57,854
  • Mar 11, 2008 1:29pm Mar 11, 2008 1:29pm
Quoting nAVIN2007
i type to much ...mouth is wide .....lol
i actually thought ...today i couldnt do no wrong still im glad it happened cause these thing are bound to happen....best to happens when im on a demo than a real account.....i say run with the winnings!!!
what was ur mistake today if u dont mind me asking?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,855
  • Mar 11, 2008 1:33pm Mar 11, 2008 1:33pm
Quoting AmeriTrini
There is no reversal, this is a buy from a dip situation. Now we will be set to go past the 2.0250 zone and will will probably bounce off the 61.8% fib.

Oh my god thank the lord ,cause that is exactly how I see it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,856
  • Mar 11, 2008 1:47pm Mar 11, 2008 1:47pm
Quoting salah k.
what was ur mistake today if u dont mind me asking?
I basically didnt think about my trade targets.....if i did this i would have known that the daily bottom trendline would be the target and trade would have exited with profit...

I just saw a bearish formation on all time frames and didnt even see the channel on daily being reached. and placed a sell because i saw diverence on 15 minute time frame and just thought go with trend. The only time that rule doesnt count is when u reach a trendline.....lol
The best advise i can give u is: when your trading dont get distracted by typing in the forum while your viewing yur trade and make sure u have a stop loss determined b4 u enter the trade, this would have saved my profit...determine to target also b4 trade.
Amertrini is the reason why mostly all of us is using daily charts listen to his words cause u can gain so much...concentration is whta inished me off today ..but im long now..and it actually looks like its going back down, can u believe this?......lol
  • #57,857
  • Mar 11, 2008 1:49pm Mar 11, 2008 1:49pm
Quoting Bones
Oh my god thank the lord ,cause that is exactly how I see it
bro im with u on that...if he says its going there..its good enough for me..lol
tony did u still hold yur position after all this time?

U seen this m8 the price has jumped?
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  • #57,858
  • Mar 11, 2008 1:53pm Mar 11, 2008 1:53pm
Quote
Oh my god thank the lord ,cause that is exactly how I see it


Quoting nAVIN2007
bro im with u on that...if he says its going there..its good enough for me..lol
tony did u still hold yur position after all this time?
Great minds think alike.

  • #57,859
  • Mar 11, 2008 2:00pm Mar 11, 2008 2:00pm
Quoting nAVIN2007
bro im with u on that...if he says its going there..its good enough for me..lol
tony did u still hold yur position after all this time?

U seen this m8 the price has jumped?
no disrespect to ameritrini but i dont think cable is going there
on my 4h charts it looks like next target is 9969
if it crosses that we are heading for 9900 and then to 9760
unless this 4h candle closes above 20040 i beleive the above will take place

any comments are much appreciated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,860
  • Mar 11, 2008 2:05pm Mar 11, 2008 2:05pm
Quoting nAVIN2007
bro im with u on that...if he says its going there..its good enough for me..lol
tony did u still hold yur position after all this time?

U seen this m8 the price has jumped?
I have my long from 20070 and as stated and am looking for the close tonight to be a bit more positive.
im looking for the next 4hr bar to be at or above 2.0042
On-site guru & also FF member's' psychiatrist, when not drinking tea
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