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Cable Update (GBPUSD)

  • #113,061
  • Jan 20, 2009 4:18am Jan 20, 2009 4:18am
Quoting gammase1
Any sign of the Prof???

He was long last night without any stop, but no doubt he will have made huge profits due to his 100% guaranteed trading system.
Lol dont you mean 200%
  • #113,062
  • Jan 20, 2009 4:19am Jan 20, 2009 4:19am
[quote=ForexRookie;2480493]
Quoting gammase1
Any sign of the Prof???quote]

I was wondering the same thing myself. I woke up this morning looking forward to another argue/debate with the Prof .
you and me both buddy.
  • #113,063
  • Jan 20, 2009 4:19am Jan 20, 2009 4:19am
Quoting Infinity
0.0000
somebody asked about the next possible support level....
Patience + Discipline - Greed = Success
  • #113,064
  • Jan 20, 2009 4:19am Jan 20, 2009 4:19am
Quoting gammase1
Any sign of the Prof???

He was long last night without any stop, but no doubt he will have made huge profits due to his 100% guaranteed trading system.
Its ok he doesnt need stops
  • #113,065
  • Jan 20, 2009 4:20am Jan 20, 2009 4:20am
Quoting trader2160
Lol dont you mean 200%
. As for trading today, i feel pretty gutted for waking up late and missing the train south.
"The trend is your friend, until the end."
  • #113,066
  • Jan 20, 2009 4:21am Jan 20, 2009 4:21am
Quoting manize
But uptrend is still prefailed on EG !
Yes it is, might be running out of steam though. Im still on the side lines for now
  • #113,067
  • Jan 20, 2009 4:22am Jan 20, 2009 4:22am
Quoting PipLand
Its ok he doesnt need stops
lol just remembered that bit,something about being too experienced not to need looking at the charts,he was targetting 1.5 I believe.
  • #113,068
  • Jan 20, 2009 4:22am Jan 20, 2009 4:22am
Quoting ForexRookie
. As for trading today, i feel pretty gutted for waking up late and missing the train south.
She's at the station now. I think there's a vacant seat if you want to get on board.
Hi, my name is Barry and you can keep your doctor...
  • #113,069
  • Jan 20, 2009 4:22am Jan 20, 2009 4:22am
I am not laughing no! not

We have also not seen Mr $100 per pip.. Cable must definitely go up from 14450.

A rare species today, the long cabler. (I am still ooking for one but I want o'bummer to be Captain of the ship first)

Quoting trader2160
Lol dont you mean 200%
Ride the Bulls bearback!
  • #113,070
  • Jan 20, 2009 4:25am Jan 20, 2009 4:25am
Quoting ForexRookie
. As for trading today, i feel pretty gutted for waking up late and missing the train south.
I had been feeling that gutting feeling throughout last week,so I sacrificed sleep to short this puppy in the early asia session.
  • #113,071
  • Jan 20, 2009 4:25am Jan 20, 2009 4:25am
i believe cable will drop till 1.3500 as round figure
  • #113,072
  • Jan 20, 2009 4:26am Jan 20, 2009 4:26am
Quoting alcando
I am not laughing no! not

We have also not seen Mr $100 per pip.. Cable must definitely go up from 14450.

A rare species today, the long cabler. (I am still ooking for one but I want o'bummer to be Captain of the ship first)
Yes, yes, I forgot about Mr $100 a pip!!!

But he only had a system that was 80% successful, therein lies the problem, as the Prof had a 100% success rate. Folks, never trade anything less than 100% probability!!

Don't know why I am laughing as I was stung 120 pips overnight!!!!
  • #113,073
  • Jan 20, 2009 4:27am Jan 20, 2009 4:27am
Quoting alcando
I am not laughing no! not

We have also not seen Mr $100 per pip.. Cable must definitely go up from 14450.

A rare species today, the long cabler. (I am still ooking for one but I want o'bummer to be Captain of the ship first)
yeah who was that guy,was he really going long at 14450.Ive scaled down to 10 per pip and I was still shaking like a leaf yesterday.
  • #113,074
  • Jan 20, 2009 4:27am Jan 20, 2009 4:27am
Quoting cisco
She's at the station now. I think there's a vacant seat if you want to get on board.
I will wander up and down the carriages looking for the empty seat just in case the train leaves the station.
"The trend is your friend, until the end."
  • #113,075
  • Jan 20, 2009 4:27am Jan 20, 2009 4:27am
Quoting Infinity
somebody asked about the next possible support level....
Hi bro, my support didn't function currently, loss -64 pips a few hours ago !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #113,076
  • Jan 20, 2009 4:29am Jan 20, 2009 4:29am
Quoting trader2160
I had been feeling that gutting feeling throughout last week,so I sacrificed sleep to short this puppy in the early asia session.
I attempted to stay awake through last night and see some kind of retrace, but it didn't really come and i fell asleep in the 'wee small hours'.
"The trend is your friend, until the end."
  • #113,077
  • Jan 20, 2009 4:30am Jan 20, 2009 4:30am
Quoting Infinity
somebody asked about the next possible support level....
hey guys,

looking a monthly chart going back 30 years, the major support points are 1.3690 - could get there today(i wouldnt entertain any longs until that reached), 1.3000, then not much until 1.0486 1983 low.....

counter trend trading is inherently dangerous as shown today if not used with good MM and timing.....

market tone is inherently unfavorable for sterling... there was a wedge pattern on daily that held on upside, now consequently broken down, selling rallies until something changes......
Attached Image (click to enlarge)
Click to Enlarge Name: Monthly Chart.JPG Size: 59 KB
Trading is 80% Emotional, 20% Technical
  • #113,078
  • Jan 20, 2009 4:31am Jan 20, 2009 4:31am
I will be long no doubt at the close of the four hour candle in 30 minutes. Value folks Value
  • #113,079
  • Edited 4:34am Jan 20, 2009 4:32am | Edited 4:34am
Quoting gammase1
Yes, yes, I forgot about Mr $100 a pip!!!

But he only had a system that was 80% successful, therein lies the problem, as the Prof had a 100% success rate. Folks, never trade anything less than 100% probability!!

Don't know why I am laughing as I was stung 120 pips overnight!!!!
yes dont touch it even if its 99%.sorry about your pips buddy.Im getting back what Ive been generously giving in January.It wasnt nice missing all those sweet moves last week.
P.S. not laughing at the loss only the joke.
  • #113,080
  • Jan 20, 2009 4:34am Jan 20, 2009 4:34am
Quoting fx local
hey guys,

looking a monthly chart going back 30 years, the major support points are 1.3690 - could get there today(i wouldnt entertain any longs until that reached), 1.3000, then not much until 1.0486 1983 low.....

counter trend trading is inherently dangerous as shown today if not used with good MM and timing.....

market tone is inherently unfavorable for sterling... there was a wedge pattern on daily that held on upside, now consequently broken down, selling rallies until something changes......
I agree with you 100% bro! I am not in a trade now... I closed my shorts at 4050 but looking at this now... sentiment and price action.... I wouldn't be suprised to see 1.36xx broken this time...
Patience + Discipline - Greed = Success
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