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Cable Update (GBPUSD)

  • #64,981
  • May 9, 2008 7:15am May 9, 2008 7:15am
Quoting hard1head1
Just had to put up with the daily rat race to take my little girl to school. I have learned from one of the best and I want to share with anyone who wants to learn. You can throw away all those fancy indicators, they are no good because they lag. I dont use them. Maybe a combination of them will do some good, but to me, they are a joke. The single and most powerful tool in trading are simple trendlines, moving averages and the ability to use them on charts with differant time frames. I would be willing to explain farther on the weekends for those who want to know more, or if you want me to turn you on to the guy who taught me, you will have to email me because I do not support spam.
very interested for me, especially learn from the best.

ehm... i like to hear your explanation
I Deeply Love My Virtual Life In Virtual World , RLC
  • #64,982
  • May 9, 2008 7:19am May 9, 2008 7:19am
Just email me and I will send out an email about when and where.

Quoting notme32
very interested for me, especially learn from the best.

ehm... i like to hear your explanation
  • #64,983
  • May 9, 2008 7:20am May 9, 2008 7:20am
Subdued move down - market is punting on good USD news..
Darkness lies one inch ahead..
  • #64,984
  • May 9, 2008 7:38am May 9, 2008 7:38am
wow did u see that US number
freaking scary from a country in recession

i mean the weakness of the dollar is helping them a lot
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #64,985
  • May 9, 2008 7:42am May 9, 2008 7:42am
today is friday guys one of the worst trading days, relax and enjoy your weekend.
If I Go Broke Trying Then I Will die happy.
  • #64,986
  • May 9, 2008 7:45am May 9, 2008 7:45am
If I Go Broke Trying Then I Will die happy.
  • #64,987
  • May 9, 2008 7:46am May 9, 2008 7:46am
Quoting salah k.
wow did u see that US number
freaking scary from a country in recession

i mean the weakness of the dollar is helping them a lot
yeah for sure! a weak dollar is the intersts of the Bush government, makes their debt less excessive, but it is flawed - debasing the currency creates inflation and erosion of the middle people and their savings!
Trading is 80% Emotional, 20% Technical
  • #64,988
  • May 9, 2008 7:53am May 9, 2008 7:53am
Quoting TraderJR
Subdued move down - market is punting on good USD news..
The news came out good. But there is still not much movement.
Expected the unexpected
  • #64,989
  • May 9, 2008 7:59am May 9, 2008 7:59am
Quoting fx local
yeah for sure! a weak dollar is the intersts of the Bush government, makes their debt less excessive, but it is flawed - debasing the currency creates inflation and erosion of the middle people and their savings!
ur right its advantages are for the rich people while its disadvantages are felt by the poor classes or middle classes.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #64,990
  • May 9, 2008 8:01am May 9, 2008 8:01am
Quoting scyang
The news came out good. But there is still not much movement.
like MOE said its friday so that might be one reason.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #64,991
  • May 9, 2008 8:03am May 9, 2008 8:03am
Closed 1 position this morning for pos 32 pips. Still holding longs this week. Have a buy market order in at 1.9428 for today.
Lets see in the next couple of hours, else we will have to wait until Monday cause Friday afternoon usually so slow
  • #64,992
  • May 9, 2008 8:03am May 9, 2008 8:03am
Hey all, wait till that farm bill is signed and they get all these hedge fund investors up on the stand to testify to what they did. That company, and I cant think of the name, but I will later, Has continuously speculated the oil prices to go up in the morning and then went long thruout the day. This is what our government is all about these days. I myself almost creamed one when I heard they caught them bastards. So regulation will be back by the end of this fiscal quarter and the bubble will burst on oil prices and we will have our economy back. But who will be at the wheel? A president who I have heard that terrorists support??????!!!!!!!! I couldnt believe when I heard that this morning.....Yep, thats what I heard. If anyone has heard the same thing please let me know.

Jim
  • #64,993
  • May 9, 2008 8:04am May 9, 2008 8:04am
ENRON ALL OVER!!


Quoting hard1head1
Hey all, wait till that farm bill is signed and they get all these hedge fund investors up on the stand to testify to what they did. That company, and I cant think of the name, but I will later, Has continuously speculated the oil prices to go up in the morning and then went long thruout the day. This is what our government is all about these days. I myself almost creamed one when I heard they caught them bastards. So regulation will be back by the end of this fiscal quarter and the bubble will burst on oil prices and we will have our economy back. But who will be at the wheel? A president who I have heard that terrorists support??????!!!!!!!! I couldnt believe when I heard that this morning.....Yep, thats what I heard. If anyone has heard the same thing please let me know.

Jim
  • #64,994
  • May 9, 2008 8:05am May 9, 2008 8:05am
Quoting salah k.
like MOE said its friday so that might be one reason.
there won't be much action today. some don't understand that. they are still trading base on hope, hoping somethig happens .
If I Go Broke Trying Then I Will die happy.
  • #64,995
  • May 9, 2008 8:05am May 9, 2008 8:05am
Quoting hard1head1
Just had to put up with the daily rat race to take my little girl to school. I have learned from one of the best and I want to share with anyone who wants to learn. You can throw away all those fancy indicators, they are no good because they lag. I dont use them. Maybe a combination of them will do some good, but to me, they are a joke. The single and most powerful tool in trading are simple trendlines, moving averages and the ability to use them on charts with differant time frames. I would be willing to explain farther on the weekends for those who want to know more, or if you want me to turn you on to the guy who taught me, you will have to email me because I do not support spam.
Agree with you. I like the TL, MA and BB with 16 period..
  • #64,996
  • May 9, 2008 8:06am May 9, 2008 8:06am
Pull fibs on the move down this morning on the 5 Min TF and guess where the 50% is..... 1.9500
  • #64,997
  • May 9, 2008 8:09am May 9, 2008 8:09am
I will leave a couple minis ride short because I think it will trend down the rest of the day. And then you got to remember, people will be leaving to go home for the weekend and will be closing positions.... always good for another 30-40 somedays and 15-20 on others.

Jim


Quoting Moe
there won't be much action today. some don't understand that. they are still trading base on hope, hoping somethig happens .
  • #64,998
  • May 9, 2008 8:09am May 9, 2008 8:09am
if this baby rises pass the s1 level then we have lift off...

guys trust me on this, no matter how good u are u can never get it right always....mm is the key, displine and knowledge i do agree indicators are whack cause there all lagging and showing price momement but if u understand candle formation at key areas of support and resistance its just u have heads up ...

what i call the edge ...this is the quality that jim has in abundance..he sees it b4 it happens and enters b4 the rest press the buttons ..

welldone bro but it gonna go up now i feel assume it tests and bounces which i think it is
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  • #64,999
  • May 9, 2008 8:22am May 9, 2008 8:22am
Quoting nAVIN2007
if this baby rises pass the s1 level then we have lift off...

guys trust me on this, no matter how good u are u can never get it right always....mm is the key, displine and knowledge i do agree indicators are whack cause there all lagging and showing price momement but if u understand candle formation at key areas of support and resistance its just u have heads up ...

what i call the edge ...this is the quality that jim has in abundance..he sees it b4 it happens and enters b4 the rest press the buttons ..

welldone bro but it gonna go up now i feel assume it tests and bounces which i think it is
where's it going,
If I Go Broke Trying Then I Will die happy.
  • #65,000
  • May 9, 2008 8:23am May 9, 2008 8:23am
Quoting Moe
there won't be much action today. some don't understand that. they are still trading base on hope, hoping somethig happens .
yeah bro there is no room for hope
not in this business at least
"what doesn't bankrupt me, makes me stronger" modern nietzche
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