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Cable Update (GBPUSD)

  • #116,261
  • Jan 29, 2009 9:23am Jan 29, 2009 9:23am
Quoting Komissar
... and a pin.
double bottom AND a pin?? im getting an hard on!....
  • #116,262
  • Jan 29, 2009 9:24am Jan 29, 2009 9:24am
Quoting daffy
Out of interest, how would you have played it to avoid being caught? The question goes out to steelhead too, but I'm guessing since he trades the 4H charts, that would be the response, i.e. the TF he trades wouldn''t have exposed him it in the first place.
I don't trade breakouts like that so I would not have had orders to buy above there like that. If I wasn't already in from lower down, I would have waited on at the least the m15 close before making a decision... and to be honest... I probably would have gone short...
Attached Image (click to enlarge)
Click to Enlarge Name: m15.GIF Size: 23 KB
Patience + Discipline - Greed = Success
  • #116,263
  • Jan 29, 2009 9:25am Jan 29, 2009 9:25am
No direction yet even for scalps I am waiting
  • #116,264
  • Jan 29, 2009 9:26am Jan 29, 2009 9:26am
Quoting fx local
ok cool, saw ur last post, good trade there, been whippy price action to say the least, but there have been some good trades if the timing is right of course... my timing been a bit off past couple of trading sessions, battle fatigue

US GDP! i almost forgot!

happy trading....
Happy trading to you as well bro!
Patience + Discipline - Greed = Success
  • #116,265
  • Jan 29, 2009 9:30am Jan 29, 2009 9:30am
Quoting steelhead
you apparently dont like to read my posts much. What part of i was sleeping did you not understand?

I have pointed this sucker play out many times, but see you dont see those cause you are to busy complaining to actually read what is being said.

Furthermore if you read any of my posts i talk about false breakouts all the time, and how it is one of the ways the professionals get retailers on the wrongside of the trade. So just because heaven forbid i was sleeping when it happened this morning does not make my post less valid.

So let me just...
I do read your posts you were talking to other people before this move happened apparently. So unless you were sleep talking!

Listen i dont want to argue about this so my last post on the topic, no one else wants to read these pointless posts it clogs up the forum.

You do normally contribute I know, so do it without theabuse, you'll get a lot more respect and less complaints.
  • #116,266
  • Jan 29, 2009 9:31am Jan 29, 2009 9:31am
Quoting sofia101
No direction yet even for scalps I am waiting
Im still expecting this to test the Highs £ has good support at the moment
  • #116,267
  • Jan 29, 2009 9:36am Jan 29, 2009 9:36am
Quoting PipLand
I do read your posts you were talking to other people before this move happened apparently. So unless you were sleep talking!

Listen i dont want to argue about this so my last post on the topic, no one else wants to read these pointless posts it clogs up the forum.

You do normally contribute I know, so do it without theabuse, you'll get a lot more respect and less complaints.

If you havent gotten it by now you never will. I could give a flying rats arsh about respect in here.

I provide information that is contrary to most in here. The purpose is to get them to think for themselves. If you want to listen fine if not thats fine too, but you are sadly mistaken if you think for one second i care if people i have never met, and most likely will never meet respect me.

Again i was asleep when that spike happened, and was talking to folks afterward.
  • #116,268
  • Jan 29, 2009 9:45am Jan 29, 2009 9:45am
Let me just go over this one more time then im done.

focus on the redline. the high on 1/28 was 1.4373 right. So the question is why the spike just above it today.

1. To get a new group of traders trading the break of that area to the longside. Got them in went there way a bit then quickly went against them.

2. to clear out the shorts that placed there s/l's right at the resistance area.

So the reason i posted that is so next time folks can spot what i going on once it breaks that resistance area. Then they can ask is this a sucker play to get me long and then they are going to drive it down?

Or if im already short where can i place my s/l above that resistance area as to not be suckered out of my trade.


Im done
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.jpg Size: 97 KB
  • #116,269
  • Jan 29, 2009 9:47am Jan 29, 2009 9:47am
and make a peace
  • #116,270
  • Jan 29, 2009 9:51am Jan 29, 2009 9:51am
Quoting steelhead
Let me just go over this one more time then im done.

focus on the redline. the high on 1/28 was 1.4373 right. So the question is why the spike just above it today.

1. To get a new group of traders trading the break of that area to the longside. Got them in went there way a bit then quickly went against them.

2. to clear out the shorts that placed there s/l's right at the resistance area.

So the reason i posted that is so next time folks can spot what i going on once it breaks that resistance area. Then they can ask is this a sucker play...
A very informative post.
  • #116,271
  • Jan 29, 2009 9:52am Jan 29, 2009 9:52am
Quoting sofia101
and make a peace
That is just too much of a sensible suggestion!! It'll never work!

Now, where is the Prof
  • #116,272
  • Jan 29, 2009 9:56am Jan 29, 2009 9:56am
Quoting steelhead
Let me just go over this one more time then im done.

focus on the redline. the high on 1/28 was 1.4373 right. So the question is why the spike just above it today.

1. To get a new group of traders trading the break of that area to the longside. Got them in went there way a bit then quickly went against them.

2. to clear out the shorts that placed there s/l's right at the resistance area.

So the reason i posted that is so next time folks can spot what i going on once it breaks that resistance area. Then they can ask is this a sucker play...
I love ur Chart, Steelhead.. NICE and Clean
  • #116,273
  • Jan 29, 2009 9:56am Jan 29, 2009 9:56am
Quoting steelhead
Let me just go over this one more time then im done.

focus on the redline. the high on 1/28 was 1.4373 right. So the question is why the spike just above it today.

1. To get a new group of traders trading the break of that area to the longside. Got them in went there way a bit then quickly went against them.

2. to clear out the shorts that placed there s/l's right at the resistance area.

So the reason i posted that is so next time folks can spot what i going on once it breaks that resistance area. Then they can ask is this a sucker play...
I overslept this too ,but I still appreciate your explanation and as I see it I totally agree with you about this spike.Now common guys we are traders we have to have a thicker skin lets not beaker about how somebody said what , and concentrate on what they say
  • #116,274
  • Jan 29, 2009 9:58am Jan 29, 2009 9:58am
Quoting gammase1
That is just too much of a sensible suggestion!! It'll never work!

Now, where is the Prof
  • #116,275
  • Jan 29, 2009 9:59am Jan 29, 2009 9:59am
Quoting steelhead
Let me just go over this one more time then im done.

focus on the redline. the high on 1/28 was 1.4373 right. So the question is why the spike just above it today.

1. To get a new group of traders trading the break of that area to the longside. Got them in went there way a bit then quickly went against them.

2. to clear out the shorts that placed there s/l's right at the resistance area.

So the reason i posted that is so next time folks can spot what i going on once it breaks that resistance area. Then they can ask is this a sucker play...
Quoting gammase1
A very informative post.
I agree, good post, that should have been your first post on here today
  • #116,276
  • Jan 29, 2009 10:00am Jan 29, 2009 10:00am
Quoting steelhead
Let me just go over this one more time then im done.

focus on the redline. the high on 1/28 was 1.4373 right. So the question is why the spike just above it today.

1. To get a new group of traders trading the break of that area to the longside. Got them in went there way a bit then quickly went against them.

2. to clear out the shorts that placed there s/l's right at the resistance area.

So the reason i posted that is so next time folks can spot what i going on once it breaks that resistance area. Then they can ask is this a sucker play...

as someone who has watched the forums over the last few weeks and is just beginning to contribute I can honestly say that steelhead has had some of the best advice ive seen. You guys call yourselves traders, you grow some cojones, traders shouldnt be sensitive about whether other people are insulting them. Emotions arent good for trading. Just make money, think rationally and take any decent advice youre given even if it is an insulting context
  • #116,277
  • Jan 29, 2009 10:00am Jan 29, 2009 10:00am
Quoting sofia101
I overslept this too ,but I still appreciate your explanation and as I see it I totally agree with you about this spike.Now common guys we are traders we have to have a thicker skin lets not beaker about how somebody said what , and concentrate on what they say
Sounds good, lets see how long this lasts
  • #116,278
  • Jan 29, 2009 10:07am Jan 29, 2009 10:07am
id say were building up to charge 4415 right now whats everyone else think?
  • #116,279
  • Jan 29, 2009 10:10am Jan 29, 2009 10:10am
Quoting ntoller
as someone who has watched the forums over the last few weeks and is just beginning to contribute I can honestly say that steelhead has had some of the best advice ive seen. You guys call yourselves traders, you grow some cojones, traders shouldnt be sensitive about whether other people are insulting them. Emotions arent good for trading. Just make money, think rationally and take any decent advice youre given even if it is an insulting context
I`ve been wrong before,and I may be wrong again.
  • #116,280
  • Jan 29, 2009 10:10am Jan 29, 2009 10:10am
already sleepy ... now at malaysia already 2.00 am.

thanks to all for sharing method and right way for trading ...
i learn a lot form this thread... thanks a lot to you all guys...
i still keep learning everyday...

continue contribute to share any opinion and it will helping other ppl to learn more...
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