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Cable Update (GBPUSD)

  • #82,821
  • Aug 18, 2008 1:47pm Aug 18, 2008 1:47pm
Quoting eohater
Short just closed out at 1.8658. Time to go long? I've been up and down this bitch all day like this and it can't last forever.
Watching the price continue to drop pisses me off that I didn't keep it open longer.
Just digging in the trenches like everyone else!
  • #82,822
  • Aug 18, 2008 1:51pm Aug 18, 2008 1:51pm
Quoting eohater
Watching the price continue to drop pisses me off that I didn't keep it open longer.
tell me about it!!!
Keep It Simple Stupid
  • #82,823
  • Aug 18, 2008 1:52pm Aug 18, 2008 1:52pm
time now?
Keep It Simple Stupid
  • #82,824
  • Aug 18, 2008 2:01pm Aug 18, 2008 2:01pm
Quoting Alastair
time now?
Looking for a confirmation that 1.8642 will hold. Could still drop to 1.8636 and then I'll be looking for that price level to hold.
Just digging in the trenches like everyone else!
  • #82,825
  • Aug 18, 2008 2:02pm Aug 18, 2008 2:02pm
Quoting eohater
Looking for a confirmation that 1.8642 will hold. Could still drop to 1.8636 and then I'll be looking for that price level to hold.
Thank you.
il check it out too.
Keep It Simple Stupid
  • #82,826
  • Aug 18, 2008 2:03pm Aug 18, 2008 2:03pm
DJIA is getting it's teeth kicked in today!
Just digging in the trenches like everyone else!
  • #82,827
  • Aug 18, 2008 2:04pm Aug 18, 2008 2:04pm
Cable is rightnow directionless since DJIA is significantly down and cable 4 hr candle is up so every hour it decreases some pips but in 4 hours whatever pips it would have decreased it would recover it back, I think Monday has all its three sessions are tight ranging trading,

I am currently testing Cable in demo account and I think the only time when you do a smooting trading against Cable is around their this week fundamental (News) time..
  • #82,828
  • Aug 18, 2008 2:08pm Aug 18, 2008 2:08pm
My 4 hour is starting to make signs of an inverted Head and Shoulders.
Just digging in the trenches like everyone else!
  • #82,829
  • Aug 18, 2008 2:09pm Aug 18, 2008 2:09pm
Thanks FxBroker, appreciate your reply. My question is, how does one apply this to trading? What actually do you see when you see a trade setup forming?

Quoting fxbroker
Sorry, I missed this comment.

I agree with your comment that people will be more willing to listen if I called it fxbroker's method and without calling it God's own. But this is not true, it was not my method or pattern of work we are talking about, but God's pattern of working and activities. (I know I risk being criticised whether God engages in activities.........it is yes because the Bible said so) it).

If we have to discuss the method, it is similar to patterns of things of nature Fibnancci derived his golden rules from. Remember Elliot also talked about the secret of nature in his world acclaimed discovery. You cannot discuss Elliot wave theory without mentioning Elliot himself. So it is difficult to tell you why I closed trade without talking of some principles Jesus Christ also talked about.

On sharing, please do not view this as being selfish, I have actually mentioned enough since Friday, full discussion will mean self promotion and breaking rules of FF. More so it is impossible to share full discussion on a method that relies on facts from Genesis to Revelation.

I will continue to offer my views if I find it necessary.

GBP/USD has turned bullish, this does not mean it is automatic bullish up.
Look at year 2007, GBP/USD spent almost that year in the overbought area.
It is now opposit of that, I am suspecting same that it will remain in over sold area for a long time and a sudden zoom up.

This creates good opportunity to always buy and sell on a daily basis.


Also looked at what Houdini said here

http://www.forexfactory.com/showthread.php?t=99088

I am not an economist or know anything about fundamentals, but I think that make sense with current technical outlook of GBP/USD at the moment.
  • #82,830
  • Aug 18, 2008 2:12pm Aug 18, 2008 2:12pm
Quoting eohater
My 4 hour is starting to make signs of an inverted Head and Shoulders.
nice one. can see it forming.
Keep It Simple Stupid
  • #82,831
  • Aug 18, 2008 2:13pm Aug 18, 2008 2:13pm
Quoting eohater
Watching the price continue to drop pisses me off that I didn't keep it open longer.
Check this out............. http://www.forexfactory.com/showpost...ostcount=82699

my point of view is still very much valid.
  • #82,832
  • Aug 18, 2008 2:14pm Aug 18, 2008 2:14pm
My 180 min looks good too!
Just digging in the trenches like everyone else!
  • #82,833
  • Edited 2:17pm Aug 18, 2008 2:16pm | Edited 2:17pm
Quoting AmeriTrini
Check this out............. http://www.forexfactory.com/showpost...ostcount=82699

my point of view is still very much valid.
I do agree with your point of view! At what price will you consider going long then if we don't test 1.8511 again?
Just digging in the trenches like everyone else!
  • #82,834
  • Aug 18, 2008 2:21pm Aug 18, 2008 2:21pm
Quoting eohater
I do agree with your point of view! At what price will you consider going long then if we don't test 1.8511 again?

between 1.8530 and 1.8560 looks attractive to me.
  • #82,835
  • Aug 18, 2008 2:23pm Aug 18, 2008 2:23pm
How about a traffic light?

Quoting micho
i lost lots of my profit in 10 days now its pay back time
nobody will stand in my way this time, not water, not connection, not electricity, not pcs not brokers nothing

warta disappeared its been few days, but im sure he will come out of his nest soon
  • #82,836
  • Aug 18, 2008 2:24pm Aug 18, 2008 2:24pm
She's getting ready for something. My spread is only 1 pip.
Just digging in the trenches like everyone else!
  • #82,837
  • Aug 18, 2008 2:24pm Aug 18, 2008 2:24pm
Quoting shiva
How about a traffic light?


I'm not laughing at you Micho! It's just funny addition to your earlier post.
Just digging in the trenches like everyone else!
  • #82,838
  • Aug 18, 2008 2:24pm Aug 18, 2008 2:24pm
Quoting AmeriTrini
between 1.8530 and 1.8560 looks attractive to me.
I doubt it will go to that price again.
  • #82,839
  • Aug 18, 2008 2:26pm Aug 18, 2008 2:26pm
Quoting AmeriTrini
between 1.8530 and 1.8560 looks attractive to me.
That would be a great entry. I'm thinking the 1.856x area.
Just digging in the trenches like everyone else!
  • #82,840
  • Aug 18, 2008 2:31pm Aug 18, 2008 2:31pm
Quoting gagakrimba
I doubt it will go to that price again.

Why? because the sky is blue?. Amazing how you doubt, but fail to give a reason. Please contribute something useful to the forum rather than just throwing out wild assumptions.
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