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Cable Update (GBPUSD)

  • #60,121
  • Apr 1, 2008 6:45am Apr 1, 2008 6:45am
Quoting Turveyd
if it comes out positive we will c new lows for cable.

Remember the new is bad biased currently, so betting on good news is a suckers bet currently, better odds betting on bad news.
i dont think we will c bad numbers but who knows.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,122
  • Edited 8:06am Apr 1, 2008 6:45am | Edited 8:06am
Quoting Turveyd
Out +16, 90min Downtrend is going to continue expect sell wave soon.


Marcow, ever considered he's just a nice guy trying to help and getting pissed at the hassle he gets.


No good deed goes unpunished as they say.
Turv..

Lest my post be misconstrued, I was addressing the criticism that Abuawad was receiving from a poster who appears to consider himself an expert, coming back here to grace us benighted with his vast knowledge and experience.. and doing it at the expense of Abuawad.

Here's an ironic twist from his own posting on his site regarding an individual.. "joker, i believe ur id says it all....unless and until u learn to respect others, well, u dont deserve attention..."

Talk about being hoisted on your own petard!!

Whether Abuawad actually makes money every day or not as he posts is no concern to me. I take him at his word.. in fact, let me put it this way.. if he hasn't cashed in on his predictions, then I would be disappointed in him.

He has been pretty much spot on for days now.

Those who don't believe him should ignore him.. especially those who are here as expert sages.
"I know how hard it is for you to put food on your family." George W. Bush
  • #60,123
  • Apr 1, 2008 6:48am Apr 1, 2008 6:48am
long 9800 tp 9900
  • #60,124
  • Apr 1, 2008 7:05am Apr 1, 2008 7:05am
gr8 US numbers

" The average number for ISM in the last 2 recessions was around 43"

plus ISM number is one of many signs that force FED to reconsider easing because there is still good growth in the economy.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,125
  • Apr 1, 2008 7:26am Apr 1, 2008 7:26am
interestingly $Y led that $ buying in the immediate post-data period,.....£$ lagged a bit before the sell-off....nice leading indicator.
ex member
  • #60,126
  • Apr 1, 2008 8:02am Apr 1, 2008 8:02am
Marcow, sorry wasn't too sure which side of the fence you where on, tried to leave it vague ish though.

It's Abuawad not Abuzamundo ( told you no memory ) sorry!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,127
  • Apr 1, 2008 8:04am Apr 1, 2008 8:04am
Shoulda went with my gut / system and shorted based on resistance at the 90min sma line.

Okay time to formulate the next cunning plan!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,128
  • Apr 1, 2008 8:05am Apr 1, 2008 8:05am
Quoting MarcoW
I see Abuawad took another "beating" from some posters again in here last night.

Surprising to see it from someone who posts opinions on this site like an expert and expects to be taken seriously.

Real lack of class.

Pros and experts don't need to do that nor do they usually engage in it.

Unbelievable!
Abuawad, you have nothing to prove to these haters!! Ur analysis posts says it all, there are 100s of pips to be made and lost in cable daily, just a matter of skill and perfection....

http://en.wikipedia.org/wiki/Jealousy
Trading is 80% Emotional, 20% Technical
  • #60,129
  • Apr 1, 2008 8:08am Apr 1, 2008 8:08am
Quoting Turveyd
Marcow, sorry wasn't too sure which side of the fence you where on, tried to leave it vague ish though.

It's Abuawad not Abuzamundo ( told you no memory ) sorry!!

"I know how hard it is for you to put food on your family." George W. Bush
  • #60,130
  • Apr 1, 2008 8:14am Apr 1, 2008 8:14am
ABUAWADS method the straddle of gbp/usd is taught by a company which charges $3500.00 for its course ,its premiss is that the pound starts the london session at a high or low and move 80 t0 100 pips three to four times per week , its a profitable method why cant the other experts here build on this by adding indicators to help with entry and exits and see if we can all enjoy 100pips
  • #60,131
  • Apr 1, 2008 11:03am Apr 1, 2008 11:03am
thread dead
  • #60,132
  • Apr 1, 2008 11:04am Apr 1, 2008 11:04am
Well ass you can see the reason why price bounsed recently and the bounced right back was because it meet support from 61.8 fibb major fibb the crashed against its onw 50 percent major fibb ...if price manages to go over support expect a drop to at least price 95.92.Also price meet very clear resistance at 55...ema


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  • #60,133
  • Apr 1, 2008 12:16pm Apr 1, 2008 12:16pm
Quoting rasta
ABUAWADS method the straddle of gbp/usd is taught by a company which charges $3500.00 for its course ,its premiss is that the pound starts the london session at a high or low and move 80 t0 100 pips three to four times per week , its a profitable method why cant the other experts here build on this by adding indicators to help with entry and exits and see if we can all enjoy 100pips
Well Well, where that course so i can attend it. that's the most funny post i have read till now here...
ok go and take that course if you see it good.
i don't mean that i didn't attend to analysis corses before. but most of them take about the indecators and how you can use them. and you can see in my chart and analysis i don't depend on any indecator or expert or signals.
and why to pay 3500 $ if as you say i attend to that course or take the input from them i'm in the same time forward the knoldge in the PDF file and daily table... for free... oh i gess no one take the free help or support in good way or thinking, but if i charge any one for it he will say it's the best we can find.
but i don't like this way. i have somthing you don't have but you and the other here have a lots of information and experiance i don't have it yet.

so lets shear our thinking here in cable to live in this market and make a profit not only comment.
  • #60,134
  • Apr 1, 2008 12:32pm Apr 1, 2008 12:32pm
Abuawad..

I think what I see here are 2 groups.. one that thinks it's impossible to garner the pips you have indicated and in their skepticism become coarse and insulting.. and two.. some who want to believe they can achieve what you have done and are eager to learn

From the second group, what i see is that people are not clear on how to actually get into the trade after they have configured the charts.

The target areas are pretty clear, etc. but the question for many is how and when to enter.

This is because price may flip back and forth on the 1 and 4 hr charts just below or above or within the " unknown zone" before finally actually breaking in the direction of the targets, one way or another.

I think what may be clear to you is unclear to others here who really want to learn.

It is my opinion that you shouldn't waste any more of your time defending your calls etc., but instead perhaps attempt to make it more clear on how one enters the trade in your system.

Just a thought.
"I know how hard it is for you to put food on your family." George W. Bush
  • #60,135
  • Apr 1, 2008 12:47pm Apr 1, 2008 12:47pm
Quoting LuckyLurker
Sell limit @ 1.9979

Tp on all orders @ 9679
Still holding my shorts from last week with stops at BE now since they're in good profit. I think if we break 9700 we will prob bust right on through to 9600 with major support around 9500 for this week. Then NFP will prob correct it back to 9700.

I'm in that ohh soo fun position right now of deciding to just cash out for decent profit or holding out till my original PT level is hit. This trade had so much draw down last week ( like -200 ) that im a little played out.. this is basically our 4th try on this support level since March 3rd so ill prob move my stops to 9834 to lock in +140 or so pips around asia open.. IF it continues to be $ strong then I'll be happy, otherwise I'll just give a small smile.

This trade was certainly a wrong footed position so either way it goes into the journal as a bad trade.
USD Est Non Mortuus
  • #60,136
  • Apr 1, 2008 1:04pm Apr 1, 2008 1:04pm
Resistant or support (whichever def you like) 1.9719-19766 seems to be huge. It makes me fell a little bit angry, heh.

There are things pro and cons short. Why it can go long? Cause we have double bottom... I wait, not play since it be more clear.
  • #60,137
  • Apr 1, 2008 1:11pm Apr 1, 2008 1:11pm
Quoting LuckyLurker
Still holding my shorts from last week with stops at BE now since they're in good profit. I think if we break 9700 we will prob bust right on through to 9600 with major support around 9500 for this week. Then NFP will prob correct it back to 9700.

I'm in that ohh soo fun position right now of deciding to just cash out for decent profit or holding out till my original PT level is hit. This trade had so much draw down last week ( like -200 ) that im a little played out.. this is basically our 4th try on this support level since March 3rd so ill prob move my stops to 9834 to lock in +140 or so pips around asia open.. IF it continues to be $ strong then I'll be happy, otherwise I'll just give a small smile.

This trade was certainly a wrong footed position so either way it goes into the journal as a bad trade.
i thought it was going down but i did have the nerve to stay in the trade....u must have nerves of steel to be still in it which is paying of now ...good for u hopefully it will break the resistance but the bodies on 4 hr candle getting smaller which is a bit worrying..(me thinks)
  • #60,138
  • Apr 1, 2008 1:22pm Apr 1, 2008 1:22pm
Quoting nAVIN2007
i thought it was going down but i did have the nerve to stay in the trade....u must have nerves of steel to be still in it which is paying of now ...good for u hopefully it will break the resistance but the bodies on 4 hr candle getting smaller which is a bit worrying..(me thinks)
We have a night in Europe, that's why
  • #60,139
  • Apr 1, 2008 1:27pm Apr 1, 2008 1:27pm
Took the day off, rather bad show but lack of commitment here, bad head day and a mate rang up needed a favour ferrying a new Discovery 3 and a BMW M3 as his trucks busted, both nice M3's AMAZING!! ( I'll add on a dry day, damn scarey in the rain I'm sure )

Got to play at being a millionaire in millionaire toys for 30mins


MUST MAKE LOADS OF MONEY!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,140
  • Apr 1, 2008 1:33pm Apr 1, 2008 1:33pm
Chart with monthly and weekly pivot points shows levels that could be important in this week. Now we are at weekly S1 pivot which is good support level right now.
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