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Cable Update (GBPUSD)

  • #90,321
  • Oct 4, 2008 6:03am Oct 4, 2008 6:03am
Quoting nAVIN2007
hi bro , my view on this and have strugled with this a lot is time frame is everything, if u look at the dailly and trade then the trend is defined by the dailly..if 30 minutes then trend is defined by the 30 minute chart.

there no point looking at the dailly and seeing the trend is down and trading the 5 minute chart down.....as the retracenment will kill u....

same with the fib, its defined by the time frame itself...not sure what i saying is of any help but i thought i will reply

happy weekend to u bro
ya i understand what you mean, but i meant like... on a defined time frame, you can pick so many trends... depending on how many candles away you go. my question is which is the most significant trend to chose in a defined time frame?? based on what to count the bars back?? you know??
When life gives you lemons, make lemonade
  • #90,322
  • Oct 4, 2008 6:06am Oct 4, 2008 6:06am
Not big but great audience today,
Jesus Christ is my only Lord !
  • #90,323
  • Oct 4, 2008 6:08am Oct 4, 2008 6:08am
Quoting micho
ya i understand what you mean, but i meant like... on a defined time frame, you can pick so many trends... depending on how many candles away you go. my question is which is the most significant trend to chose in a defined time frame?? based on what to count the bars back?? you know??
but the question remains
Jesus Christ is my only Lord !
  • #90,324
  • Oct 4, 2008 6:20am Oct 4, 2008 6:20am
Quoting micho
ya i understand what you mean, but i meant like... on a defined time frame, you can pick so many trends... depending on how many candles away you go. my question is which is the most significant trend to chose in a defined time frame?? based on what to count the bars back?? you know??

but I 'd rather ask if it would be resonable to say that I would see the trend as the most important in the timeframe ...
the one that is the last one that I can express by drawing the longest trend line touching the tops or downs ???
Jesus Christ is my only Lord !
  • #90,325
  • Oct 4, 2008 6:20am Oct 4, 2008 6:20am
Quoting hipcio
but the question remains
lol
When life gives you lemons, make lemonade
  • #90,326
  • Oct 4, 2008 11:51am Oct 4, 2008 11:51am
Happy Up trend for you all
Attached Image
  • #90,327
  • Oct 4, 2008 12:58pm Oct 4, 2008 12:58pm
i sent here for two weeks ago my calls for cable
i forecast the continuation of the down trend.
another breakout confirm the down trend in both euro and British pound.
as shown in my charts.
and here we go i opened one short position at 1.85.xx area
and the deal now almost 1000 pip profit.
i like to thanks all other great traders to give me the chance to see my targets come true!!!!! .
so the question now where the price is going?
the answer in the trend
the trend is down i wait for another 1000 pip before price make any retrace.
as i said before no matter price go up will fall like rock
coz the trend is down.
i hope you great traders have fun with price coz i already did..hahaha
and dont forget the fundamental aspect!!!!!
and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind
yea they fool you and steal your money
they said the price is going up and you will find the price is going down and visa verse ,try to observe and make your mind work
in threads we call this move the {news}.

and i tried to warn you from time ago by sending the trend direction , i hope i did my part by good way.
trade well.
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  • #90,328
  • Oct 5, 2008 5:23am Oct 5, 2008 5:23am
Quoting Tiger Hunter
i sent here for two weeks ago my calls for cable
i forecast the continuation of the down trend.
another breakout confirm the down trend in both euro and British pound.
as shown in my charts.
and here we go i opened one short position at 1.85.xx area
and the deal now almost 1000 pip profit.
i like to thanks all other great traders to give me the chance to see my targets come true!!!!! .
so the question now where the price is going?
the answer in the trend
the trend is down i wait for another 1000 pip before price make any retrace.
as i said before no matter price go up will fall like rock
coz the trend is down.
i hope you great traders have fun with price coz i already did..hahaha
and dont forget the fundamental aspect!!!!!
and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind
yea they fool you and steal your money
they said the price is going up and you will find the price is going down and visa verse ,try to observe and make your mind work
in threads we call this move the {news}.

and i tried to warn you from time ago by sending the trend direction , i hope i did my part by good way.
trade well.
Looking at your chart yur obviously a good trader...but id like to ask to expand on the reasoning behind having a prolonged short, u think the bottom support will break? can i ask why cause thou right now i see a upmove (retracement) its not a change in trend since i dont see anything on weekly right now to suggest a reversal...but u seem sure so i ask u why?
  • #90,329
  • Oct 5, 2008 2:00pm Oct 5, 2008 2:00pm
currently 1.7663
  • #90,330
  • Oct 5, 2008 2:19pm Oct 5, 2008 2:19pm
Quoting Mearzo
currently 1.7663
looks like to me that she's going to gap down.....shorts are probably still going to be the main player....will have to wait until she opens and gives us confirmation...
Just digging in the trenches like everyone else!
  • #90,331
  • Oct 5, 2008 3:02pm Oct 5, 2008 3:02pm
Quoting Mearzo
currently 1.7663
my chart shows 1.7747
Twitter: @forexpokerpro
  • #90,332
  • Oct 5, 2008 3:06pm Oct 5, 2008 3:06pm
G/U

Price now : 1.7655

High: 1.7749

low : 1.7551
  • #90,333
  • Oct 5, 2008 3:09pm Oct 5, 2008 3:09pm
Quoting BBPI_fxtrader
my chart shows 1.7747
that's the price your broker closed at on Friday....still waiting for it to open...
Just digging in the trenches like everyone else!
  • #90,334
  • Oct 5, 2008 3:09pm Oct 5, 2008 3:09pm
Quoting nedal26
G/U

Price now : 1.7655

High: 1.7749

low : 1.7551
Are you shorts from Friday still open?
Just digging in the trenches like everyone else!
  • #90,335
  • Oct 5, 2008 3:16pm Oct 5, 2008 3:16pm
Quoting eohater
Are you shorts from Friday still open?
yes still hold my short

what about you?
  • #90,336
  • Oct 5, 2008 3:17pm Oct 5, 2008 3:17pm
Quoting nedal26
yes still hold my short

what about you?
Unfortunatley no...I don't like to carry trades through the weekend....there's always a new seat waiting

Good trade on your behalf though!
Just digging in the trenches like everyone else!
  • #90,337
  • Oct 5, 2008 3:48pm Oct 5, 2008 3:48pm
Quoting eohater
Unfortunatley no...I don't like to carry trades through the weekend....there's always a new seat waiting

Good trade on your behalf though!
gap more or less closed now
Trading is 80% Emotional, 20% Technical
  • #90,338
  • Oct 5, 2008 4:29pm Oct 5, 2008 4:29pm
Hi all.Last weekend i was wright with gap on opening.Now i am short.Hope to see new gap down.Trade opened also 1 minute before my broker closed with small SL.Now i was writing before about 1 my idea.that is retest of 17500 area.We are much closr now to that then last monday.I have short opened from that last week opening and i am thinking to close soon.I am so sorry that i didnt closed it 200 pips below now price but...We learn all the time.Somebody said MAKE A PLAN AND TRADE YOUR PLAN.The plan is 17500 area.Will we go to that price this weekend.I am getting some mix signals so..
On the other side that baillout plan in US should give more power to USD.Am i write?
  • #90,339
  • Oct 5, 2008 4:52pm Oct 5, 2008 4:52pm
Quoting "expert"
Hi all.Last weekend i was wright with gap on opening.Now i am short.Hope to see new gap down.Trade opened also 1 minute before my broker closed with small SL.Now i was writing before about 1 my idea.that is retest of 17500 area.We are much closr now to that then last monday.I have short opened from that last week opening and i am thinking to close soon.I am so sorry that i didnt closed it 200 pips below now price but...We learn all the time.Somebody said MAKE A PLAN AND TRADE YOUR PLAN. The plan is 17500 area.Will we go to that price this weekend.I am getting some mix signals so..
On the other side that baillout plan in US should give more power to USD.Am i write?
Somebody else said "Never let a winning trade turn into a loosing trade"
Am pleased for you if trade has been closed for a profit.
As for 17500 I cant say, but the probability is that it wont go there in a straight line, so maybe more pips to pick up on the highs and lows.
I didnt trade the gap this week because I wasnt sure of direction, but hey well done to you
  • #90,340
  • Oct 5, 2008 5:03pm Oct 5, 2008 5:03pm
i just love this gaps on down for now.95 pips for me.goint to sleep.juhuu
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