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Cable Update (GBPUSD)

  • #102,421
  • Nov 30, 2008 12:29pm Nov 30, 2008 12:29pm
Quoting spintrader
Well said.

I like to think I've come along way, but in reality, the day I stop being a newbie is the day I stop posting- which will also be the day that I've made my fortune!

Forecast at around July, if you're interested! But yeah, Navin's correct, we're all here to learn.


You'll never stop posting, it becomes an addiction, even long after you have success, trust me. You only stop posting when you give up completely.
For some of us this is our social circle when we sit and stare at charts all day and night.
Just Trade It
  • #102,422
  • Nov 30, 2008 12:34pm Nov 30, 2008 12:34pm
Quoting Galation
Let me give my greetings to you High 5!

Thank you thank you. So where is cable going to next? I was thinking 1.xxx and then 1.xxxx before it goes to 1.xxxx and then back down to 1.xxx and then eventually back up to 2.xxx what do you think??
I think it's impossible to predict more than one move at a time and even then you have a 50/50 chance. I don't predict anything, I just follow the trend. Boring I know, but thats what works and thats how I pay the bills.
Just Trade It
  • #102,423
  • Nov 30, 2008 12:36pm Nov 30, 2008 12:36pm
Quoting Big Wave Rider
Thank you thank you. So where is cable going to next? I was thinking 1.xxx and then 1.xxxx before it goes to 1.xxxx and then back down to 1.xxx and then eventually back up to 2.xxx what do you think??
I think it's impossible to predict more than one move at a time and even then you have a 50/50 chance. I don't predict anything, I just follow the trend. Boring I know, but thats what works and thats how I pay the bills.
I'm waiting for the 3000 pip drop down into the great abyss. In 1.5 seconds no less.
  • #102,424
  • Nov 30, 2008 12:38pm Nov 30, 2008 12:38pm
Quoting Big Wave Rider
Hey I'm new too. What about me? Nobody said hello and welcome to me.
Actually most of the traders that were on cable update when I first joined FF are no longer here. (except for a few) Cable update seems to go through these cycles where one person seems to be the leader of the thread then *POOF* is never heard from again. Spooky, maybe this thread is cursed. Watch out Micho, looks like your next MUhhahhahahah


Sorry but I am bored.
lol i know what you mean

also say that to eo infinity mike expert
When life gives you lemons, make lemonade
  • #102,425
  • Nov 30, 2008 12:39pm Nov 30, 2008 12:39pm
It's frick-n raining here in North Florida and nothing to do wish it was open time I'm bored and anxious for the week.
  • #102,426
  • Nov 30, 2008 12:44pm Nov 30, 2008 12:44pm
Quoting Big Wave Rider
Thank you thank you. So where is cable going to next? I was thinking 1.xxx and then 1.xxxx before it goes to 1.xxxx and then back down to 1.xxx and then eventually back up to 2.xxx what do you think??
I think it's impossible to predict more than one move at a time and even then you have a 50/50 chance. I don't predict anything, I just follow the trend. Boring I know, but thats what works and thats how I pay the bills.
The skills that DO pay the bills, and more
Probability Professor
  • #102,427
  • Nov 30, 2008 12:54pm Nov 30, 2008 12:54pm
Quoting spintrader
Well said.

I like to think I've come along way, but in reality, the day I stop being a newbie is the day I stop posting- which will also be the day that I've made my fortune!

Forecast at around July, if you're interested! But yeah, Navin's correct, we're all here to learn.
the journey for learning never ends in this i think...i more i read the less i realise i know.......
  • #102,428
  • Nov 30, 2008 12:55pm Nov 30, 2008 12:55pm
Quoting Big Wave Rider
Thank you thank you. So where is cable going to next? I was thinking 1.xxx and then 1.xxxx before it goes to 1.xxxx and then back down to 1.xxx and then eventually back up to 2.xxx what do you think??
I think it's impossible to predict more than one move at a time and even then you have a 50/50 chance. I don't predict anything, I just follow the trend. Boring I know, but thats what works and thats how I pay the bills.

mmmmm interesting.
I am going to run to put my limits exactly: buy 1.xxxx and sell 2.xxxx ...
BTW, happy to hear you pay the bills out of forex. Hope to be there soon.

For Dollar index:
http://futuresource.quote.com/charts/charts.jsp?s=DX%201!&o=&a=V%3A60&z=800x550&d=HIGH&b=CANDLE&st=
  • #102,429
  • Nov 30, 2008 1:02pm Nov 30, 2008 1:02pm
Quoting Big Wave Rider
You'll never stop posting, it becomes an addiction, even long after you have success, trust me. You only stop posting when you give up completely.
For some of us this is our social circle when we sit and stare at charts all day and night.
trust me I will- I've never failed at anything yet, and I'm well on track- almost a 3rd of the way through my plan- not saying it's going to be easy, but frankly I wouldn't enjoy it if it was!
  • #102,430
  • Nov 30, 2008 1:07pm Nov 30, 2008 1:07pm
also I tend to work in phases, and once the money-making phase has reached its successful conclusion- I will no doubt enter a money spending phase! at which point if I over-indulge a bit, I might be back here to start a new money-making phase!

My feeds have just shot into action- currently got a cable price of 1.5376- anyone else got anything different?
  • #102,431
  • Nov 30, 2008 1:24pm Nov 30, 2008 1:24pm
Quoting Big Wave Rider
Thank you thank you. So where is cable going to next? I was thinking 1.xxx and then 1.xxxx before it goes to 1.xxxx and then back down to 1.xxx and then eventually back up to 2.xxx what do you think??
I think it's impossible to predict more than one move at a time and even then you have a 50/50 chance. I don't predict anything, I just follow the trend. Boring I know, but thats what works and thats how I pay the bills.
and that current trend is down, correct?
  • #102,432
  • Nov 30, 2008 1:42pm Nov 30, 2008 1:42pm
Quoting dengzhi
and that current trend is down, correct?

Correct, but we are not far from reversing and going back into the long term trend which is still up.
Just Trade It
  • #102,433
  • Nov 30, 2008 1:44pm Nov 30, 2008 1:44pm
Quoting Big Wave Rider
Correct, but we are not far from reversing and going back into the long term trend which is still up.
Don't forget BOE proposing big cuts this week.
  • #102,434
  • Nov 30, 2008 1:51pm Nov 30, 2008 1:51pm
Quoting Big Wave Rider
Correct, but we are not far from reversing and going back into the long term trend which is still up.
lol maybe you are talking about the yearly trend here... i think we are not far to reverse to the long side (like few years away from going to the long mate) cable is screwed just look at the monthly and see how much beating it will take before getting back up
When life gives you lemons, make lemonade
  • #102,435
  • Nov 30, 2008 1:53pm Nov 30, 2008 1:53pm
Quoting PipGal
Don't forget BOE proposing big cuts this week.

likely factored in already
Blogging daily now at www.volume.zone
  • #102,436
  • Nov 30, 2008 1:55pm Nov 30, 2008 1:55pm
Quoting micho
lol maybe you are talking about the yearly trend here... i think we are not far to reverse to the long side (like few years away from going to the long mate) cable is screwed just look at the monthly and see how much beating it will take before getting back up
Look at the charts attentively. We are in the uptrend since 1985.
  • #102,437
  • Nov 30, 2008 1:57pm Nov 30, 2008 1:57pm
Quoting malcolmb14
likely factored in already
Not so sure..we don't know the extent of the cuts.
  • #102,438
  • Nov 30, 2008 2:05pm Nov 30, 2008 2:05pm
Quoting vorschlag
Look at the charts attentively. We are in the uptrend since 1985.
i only have charts after 99... i dont like to think about yearly trends, not even monthly, not even weekly... thats too big for me to think of

monthly down, weekly down, daily down... thats good for me
When life gives you lemons, make lemonade
  • #102,439
  • Nov 30, 2008 2:26pm Nov 30, 2008 2:26pm
Everytime frame has its own trend....to some point every trade taken in the market is always with the trend.
  • #102,440
  • Nov 30, 2008 2:27pm Nov 30, 2008 2:27pm
back from the holiday.. did not trade at all last week.. I was playing in the snow! Looks like it was chop chop choppy... Have no bias for next week.. looks kinda flat. guess we'll just have to follow the money.

November rap up for that $250 test acct(risk) set up on NOV 1st. Won the Ibfx contest for Nov 2008. Atleast I think i did.. no winner declared yet to my knowledge. 1708% for final result.
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USD Est Non Mortuus
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