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Cable Update (GBPUSD)

  • #112,621
  • Jan 19, 2009 9:45am Jan 19, 2009 9:45am
Quoting Jnita
This "thing" between all the traders here and profx is like watching a comedy sitcom/reality show that leaves a bad taste in your mouth...
it makes me feel ashamed that I sometimes laugh at the comments, sometimes I can't wait to read the next post to see "what's next", and sometimes I can just shake my head and say "WTF"....

Can't someone start another thread somewhere else for things like this and either call it the "B*tch Here" or "I dare you to Shoot me down if you can" thread.

Pls, can we get on with trading now? I' learned a...
It's part of the baptism of fire to consider all the ways of trading and to examine, and if necessary explode, miracle systems that don't work.

You have to be able to take debate without thirsting for everyone to be quiet and stop being 'awful' to each other. Therein lies 'no progress'

Vigorous debate is an educational process

Information is the currency of power, and even bad info is good as it makes you confident in the good info you previously acquired

If I had doubled up my long on friday (as my 9th trade or whatever), I would be eating boiled tumbleweed for lunch
  • #112,622
  • Jan 19, 2009 9:49am Jan 19, 2009 9:49am
Quoting eohater
You've been doing very good! Kepp up the hard work!
Thank you eohater

Happy trading to you!
  • #112,623
  • Jan 19, 2009 9:51am Jan 19, 2009 9:51am
Quoting yank
Price action make indicator move.
indicator doesn't move the price
That's it.
Price plus time move indicator. Also price will accelerate move when certain moving averages cross. This is why i like to diversify trades. still in long gbp but also have long gbp/jpy. so net i am down 20 pips instead of 100
  • #112,624
  • Jan 19, 2009 9:51am Jan 19, 2009 9:51am
My weekly g/u analysis.


Buy Buy Buy Buy below the blue line.



Happy trading

Did I mention buying. Buy Buy Buy Buy
Attached Image (click to enlarge)
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  • #112,625
  • Jan 19, 2009 9:52am Jan 19, 2009 9:52am
Quoting allserene
If I had doubled up my long on friday (as my 9th trade or whatever), I would be eating boiled tumbleweed for lunch
. I think that we will see this bounce most likely in the Asia session, following from that we should continue south at the start of the London session through the New York session.

That's my two cents .
"The trend is your friend, until the end."
  • #112,626
  • Jan 19, 2009 9:53am Jan 19, 2009 9:53am
Quoting 13thheaven
ummm... can u explain it more detailed ?
cause i don't see anything to buy except the oversold stochs...
wished i can have the same point of view as u have...
TIA
Sure, the last 1h candle that closed did break through some major support on the way down, but at the same time, she closed with a tight wick and 4450 is huge support ATM. I really would like to see the current 1h candle close at 4545 or higher to engulf the last 1h candle for our target to become 463x area.
Just digging in the trenches like everyone else!
  • #112,627
  • Jan 19, 2009 9:53am Jan 19, 2009 9:53am
Quoting allserene
It's part of the baptism of fire to consider all the ways of trading and to examine, and if necessary explode, miracle systems that don't work.

You have to be able to take debate without thirsting for everyone to be quiet and stop being 'awful' to each other. Therein lies 'no progress'

Vigorous debate is an educational process

Information is the currency of power, and even bad info is good as it makes you confident in the good info you previously acquired

If I had doubled up my long on friday (as my 9th trade or whatever), I would be eating...
Nicely put.It seems I missed quite a debate
  • #112,628
  • Jan 19, 2009 9:53am Jan 19, 2009 9:53am
Quoting steelhead
My weekly g/u analysis.


Buy Buy Buy Buy below the blue line.



Happy trading

Did I mention buying. Buy Buy Buy Buy
with you on this one and will do let's see how she goes. same idea
  • #112,629
  • Jan 19, 2009 9:56am Jan 19, 2009 9:56am
Quoting steelhead
My weekly g/u analysis.


Buy Buy Buy Buy below the blue line.



Happy trading

Did I mention buying. Buy Buy Buy Buy
Exactly, Exactly, Exactly!
Just digging in the trenches like everyone else!
  • #112,630
  • Jan 19, 2009 9:57am Jan 19, 2009 9:57am
Well done Guate you are the man !

  • #112,631
  • Jan 19, 2009 9:57am Jan 19, 2009 9:57am
Accept a losing trade: Many traders lose confidence after a couple of losing trades and reduce their ability to become an efficient trader. This market requires a gradual learning curve so only persistence, trial and mistakes will help enhance your ability to trade. As a trader your emotional cycles will be like none other. If you cannot accept a losing trade and realize it will happen more often than not while learning, then don't waste your time starting. Rome wasn't built in a day and traders aren't made in a day.
  • #112,632
  • Jan 19, 2009 9:58am Jan 19, 2009 9:58am
Quoting zimdonks
In the form of a retracement, then further down you think. target 1.4240 mentioned earlier after break of 1.4470??

Exactly!!!
But I'm not that long.
1.4395 is my target if the price breaks 1.4461
  • #112,633
  • Jan 19, 2009 9:58am Jan 19, 2009 9:58am
Quoting Professor4x
Accept a losing trade: Many traders lose confidence after a couple of losing trades and reduce their ability to become an efficient trader. This market requires a gradual learning curve so only persistence, trial and mistakes will help enhance your ability to trade. As a trader your emotional cycles will be like none other. If you cannot accept a losing trade and realize it will happen more often than not while learning, then don't waste your time starting. Rome wasn't built in a day and traders aren't made in a day....
If anyone thinks this is BS, then you should quit the forum, take your money and go to vegas.

Nice post prof!
Just digging in the trenches like everyone else!
  • #112,634
  • Jan 19, 2009 9:59am Jan 19, 2009 9:59am
Quoting tedwardson
Well done Guate you are the man !

Thank you bro....

Happy Trading to you!
  • #112,635
  • Jan 19, 2009 9:59am Jan 19, 2009 9:59am
Quoting eohater
Sure, the last 1h candle that closed did break through some major support on the way down, but at the same time, she closed with a tight wick and 4450 is huge support ATM. I really would like to see the current 1h candle close at 4545 or higher to engulf the last 1h candle for our target to become 463x area.
Great trade bro! I had a long too at 4470 that I closed at 4530.. based on the break of last week's low, I am thinking we will see 4340-50 area... I would like to see 4750 before this happens...
Patience + Discipline - Greed = Success
  • #112,636
  • Jan 19, 2009 10:01am Jan 19, 2009 10:01am
Quoting Infinity
Great trade bro! I had a long too at 4470 that I closed at 4530.. based on the break of last week's low, I am thinking we will see 4340-50 area... I would like to see 4750 before this happens...
That's what I'm thinking as well! 4750 would be a nice diving board to go back deeper south! I've closed half of my position at 4520, the rest remains at +3.

Nice trade bro!
Just digging in the trenches like everyone else!
  • #112,637
  • Jan 19, 2009 10:02am Jan 19, 2009 10:02am
Quoting blurrcow
Sure looking forward... I entered long at 4470... i will be a v happy man if the bounce happens soon !

but if it goes south again.. then I am out for +1
south!! south!! south!!
  • #112,638
  • Jan 19, 2009 10:08am Jan 19, 2009 10:08am
I see this a potential neckline break and retest of this shampoo on h1... target will be down below...
Attached Image
Patience + Discipline - Greed = Success
  • #112,639
  • Jan 19, 2009 10:11am Jan 19, 2009 10:11am
Woah and stop !

Nobody has mentioned fundamentals -everone is talking like its just the tide coming in and out

I suppose thats the logic of chartists - they ignore fundies totally


The RBS has just announced the biggest corporate loss in UK history and Barclays were down 25% on Friday before that - and the UK is dangling on the precipice


I think thats worth mentioning rather than all these silly spider lines crawling all over the charts and all the hoodoo voodoo phoney mathematical models
  • #112,640
  • Jan 19, 2009 10:12am Jan 19, 2009 10:12am
Quoting allserene
It's part of the baptism of fire to consider all the ways of trading and to examine, and if necessary explode, miracle systems that don't work.

You have to be able to take debate without thirsting for everyone to be quiet and stop being 'awful' to each other. Therein lies 'no progress'

Vigorous debate is an educational process

Information is the currency of power, and even bad info is good as it makes you confident in the good info you previously acquired

If I had doubled up my long on friday (as my 9th trade or whatever), I would be eating...
... point taken, and true ... it is healthy to debate, I just find it distracting.... it has become "harder" to follow the thread, to many in between posting on "whatyoucallit" ...

BTW: I refreshed this thread quite a few times on friday, just to see if you are going to post your method here ... got my hopes up ... LOL

good trading
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