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Cable Update (GBPUSD)

  • #82,841
  • Aug 18, 2008 2:32pm Aug 18, 2008 2:32pm
Thank you Infinity!
Just digging in the trenches like everyone else!
  • #82,842
  • Aug 18, 2008 2:34pm Aug 18, 2008 2:34pm
Quoting AmeriTrini
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.
Why? coz ive already long......hahahahaha
  • #82,843
  • Aug 18, 2008 2:37pm Aug 18, 2008 2:37pm
Quoting gagakrimba
Why? coz ive already long......hahahahaha

whats your stoploss?
  • #82,844
  • Aug 18, 2008 2:47pm Aug 18, 2008 2:47pm
Quoting AmeriTrini
whats your stoploss?
Well....i entered at 1.8640 and my SL is at 1.8595.
  • #82,845
  • Aug 18, 2008 2:49pm Aug 18, 2008 2:49pm
Quoting gagakrimba
Well....i entered at 1.8640 and my SL is at 1.8595.
we'll see if it holds!!
  • #82,846
  • Aug 18, 2008 2:53pm Aug 18, 2008 2:53pm
Quoting AmeriTrini
we'll see if it holds!!
i'm confident it'll hold. If not i wouldnt have entered...hahahaha
  • #82,847
  • Aug 18, 2008 3:00pm Aug 18, 2008 3:00pm
Surely it should bounce off the 1,8636 level??
Keep It Simple Stupid
  • #82,848
  • Aug 18, 2008 3:04pm Aug 18, 2008 3:04pm
My 4h bar just closed and it looks like this....
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.GIF Size: 27 KB
Patience + Discipline - Greed = Success
  • #82,849
  • Aug 18, 2008 3:08pm Aug 18, 2008 3:08pm
Quoting Alastair
Surely it should bounce off the 1,8636 level??
I agree.....the question is up to which level ?
  • #82,850
  • Aug 18, 2008 3:11pm Aug 18, 2008 3:11pm
Quoting gagakrimba
I agree.....the question is up to which level ?
its not looking that promising any more. 1 hr is down and as infinity showed us 4 hr also down..
Keep It Simple Stupid
  • #82,851
  • Aug 18, 2008 3:16pm Aug 18, 2008 3:16pm
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.
It is selfish!!! you mean to say that, you do not want to talk about a method of trading profitably on a TRADING WEBSITE? where we are supposed to discuss ideas and methods. Only if you want to sell your method, then it would be self-promotion, which I guess is your intention!! you are a SALESMAN, nothing else!!!
  • #82,852
  • Aug 18, 2008 3:21pm Aug 18, 2008 3:21pm
Quoting AmeriTrini
It is selfish!!! you mean to say that, you do not want to talk about a method of trading profitably on a TRADING WEBSITE? where we are supposed to discuss ideas and methods. Only if you want to sell your method, then it would be self-promotion, which I guess is your intention!! you are a SALESMAN, nothing else!!!
Please bro, dont start that sh!t up again with this guy.....
Patience + Discipline - Greed = Success
  • #82,853
  • Aug 18, 2008 3:22pm Aug 18, 2008 3:22pm
Quoting Infinity
Please bro, dont start that sh!t up again with this guy.....
Just digging in the trenches like everyone else!
  • #82,854
  • Aug 18, 2008 3:22pm Aug 18, 2008 3:22pm
Quoting Infinity
Please bro, dont start that sh!t up again with this guy.....

......lol...........okay, okay.
  • #82,855
  • Aug 18, 2008 3:22pm Aug 18, 2008 3:22pm
Keep religion off the forum!!!!!!!!!!!


cheers
  • #82,856
  • Edited 3:35pm Aug 18, 2008 3:23pm | Edited 3:35pm
Quoting shiva
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?
I see lots of things upper and lower edge of chaos, conditions at the initial moments, strange internal attractors, time it will get to either upper and lower edge, and actions to take. Like I said in earlier post this is not something I can discuss in public forums.

Right now I close out trades from different servers ranging from 77pips to 10 pips based on what I said on the direction of GBP/USD in the morning. This does not mean the cycle has come to an end.

I am knocking off for the day and markets seems to be weak all day long.
Today's bearish outlook is still in place maybe after NY close or Asia opens, it might change but for now, it is better to preserved gains.
  • #82,857
  • Aug 18, 2008 3:35pm Aug 18, 2008 3:35pm
Quoting MarineUK
Keep religion off the forum!!!!!!!!!!!


cheers
Well I mean, if fx is right then getting the right god and listening under the fridge for the true voices is the way to riches. I can't talk in tongues because it scares the cat and it takes ages for wifey to find out where it's hiding, but most anything else I will try. Actually I am just waiting for some pagan to say that if I apologise to the lawn for cutting it, my position will yield megabux before friday...

In a slack market , a bit of religious nut teasing is better than another coffee and ginger biscuit - so anything that keeps me awake has to be beneficial
  • #82,858
  • Aug 18, 2008 3:44pm Aug 18, 2008 3:44pm
Quoting allserene
....better than another coffee and ginger biscuit - so anything that keeps me awake has to be beneficial
Where's your Branson pickles? They'll keep you going!
Just digging in the trenches like everyone else!
  • #82,859
  • Aug 18, 2008 3:45pm Aug 18, 2008 3:45pm
Quoting gagakrimba
Well....i entered at 1.8640 and my SL is at 1.8595.
Did you take your profit yet? I hope so, we're going back down before we head up.
Just digging in the trenches like everyone else!
  • #82,860
  • Aug 18, 2008 3:46pm Aug 18, 2008 3:46pm
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