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Cable Update (GBPUSD)

  • #9,021
  • Mar 23, 2007 2:02pm Mar 23, 2007 2:02pm
http://www.imagefreehost.com/files/2...1410065408.gif

Take a look at the last candles on the monthly chart.They are screaming SELL.We just need a good reversal formation on the daily or weekly chart to start the sell of.There is one on the 4h chart.Head and shoulders.
Soon ...
  • #9,022
  • Mar 23, 2007 2:10pm Mar 23, 2007 2:10pm
Last longterm chart with the main "engine" trendline for this current multi-year uptrend.

PS TheCable, please reduce your pic size to 600 x 600 max, it's difficult to read the forum as the screen is stretched out. My monitor reso. is 1024 x 768. Thanks.
Attached Image
Tra-X
  • #9,023
  • Mar 23, 2007 2:12pm Mar 23, 2007 2:12pm
OK no problem :-)
  • #9,024
  • Mar 23, 2007 2:18pm Mar 23, 2007 2:18pm
http://www.imagefreehost.com/files/2...1410065408.jpg
This is my long-term view for eur/usd.
  • #9,025
  • Mar 23, 2007 2:27pm Mar 23, 2007 2:27pm
Quoting TheCable

Take a look at the last candles on the monthly chart.They are screaming SELL.We just need a good reversal formation on the daily or weekly chart to start the sell of.There is one on the 4h chart.Head and shoulders.
Soon ...
I'm one who believes that Big Money moves the market. 100% of the market bulletins I receive reffers to what Central Banks, CTAs, companies (importers and exporters) and big time speculators HAVE DONE that resulted in some noticeable price movement.

I've never, ever, received a bulletin saying that those players acted because "the freaking charts were screaming at them!!!!"

You guys show me a non-edited video footage of either Mr. Bernanke, Mr Trichet or Mr Fukui saying loud and clear:

"Let's sell some dollars because we need to give the market the wave 3 they are looking for" OR

"Let's raise this interest rates just a notch so we will finally get that 50% fibo that wasn't traded yet"... OR

"Let's issue a revision to the previous NFP because there's a bearish engulfing candle in the montly that must be solved"....

... and I will definitely surrender to the tech bullshit.
  • #9,026
  • Mar 23, 2007 2:29pm Mar 23, 2007 2:29pm
I use the technical analysis only to find out the best time to enter and exit.
The fundamental picture and the interests are the leading factor on the market.
I agree
Gl GT
  • #9,027
  • Mar 23, 2007 2:32pm Mar 23, 2007 2:32pm
Quoting TheCable
I use the technical analysis only to find out the best time to enter and exit.
The fundamental picture and the interests are the leading factor on the market.
I agree
Gl GT
Not even trying to catch those gentlemen on tape?
  • #9,028
  • Mar 23, 2007 2:48pm Mar 23, 2007 2:48pm
Quoting cesarnc
- channel's trendline + 4h 250EMA + 38 % fibo converging to the same area: low 95s / high 94s -> AK-47 DEFENDED SUPPORT
Henrycarol can easily ram and break that AK-47 support down, he's immune against machine gun.

PS Good analysis tho, that down channel was a good one. A suggestion here, move the second touch point of the lower channel line to the 1.9212 bottom last week, and the line will have 4 touch points now, with one false breakout downside (1.9183).
Tra-X
  • #9,029
  • Mar 23, 2007 2:54pm Mar 23, 2007 2:54pm
Quoting Traex
Henrycarol can easily ram and break that AK-47 support down, he's immune against machine gun.

PS Good analysis tho, that down channel was a good one. A suggestion here, move the second touch point of the lower channel line to the 1.9212 bottom last week, and the line will have 4 touch points now, with one false breakout downside (1.9183).


I can imagine Henrycarol on the phone:

"Hey Mr. Blair, do you mind if I enter short right now?"
"Oh, no problem, Mr. Carol. Flush those long bastards out for us, and step by for a tea in the afternoon, ok?"
"Thank you Sir. Half of BOE reserve would work for you, sir?"
"Yes. That shall work fine".
  • #9,030
  • Mar 23, 2007 2:59pm Mar 23, 2007 2:59pm
Quoting cesarnc


I can imagine Henrycarol on the phone:

"Hey Mr. Blair, do you mind if I enter short right now?"
"Oh, no problem, Mr. Carol. Flush those long bastards out for us, and step by for a tea in the afternoon, ok?"
"Thank you Sir. Half of BOE reserve would work for you, sir?"
"Yes. That shall work fine".
Man I'm almost getting a stomachache laughing. LOL
Anyway, thanks for the fun here, after 5 days of chart watching and hectic trading.

PS Bulls and bears can profit together altho they work in opposite way, right? Let's do it then!
Tra-X
  • #9,031
  • Mar 23, 2007 3:23pm Mar 23, 2007 3:23pm
i've been watching this thread for quite some time now.

it's good read most of the time, but please tone down the humor.

1) most of you are not that funny, if not all of you.
2) it takes away from the true intent of this thread which is to discuss about trading cable.

also, when you post your charts, make sure the width is somewhere under 480 in pixels.
BAM BAM BOOM! -bravado
  • #9,032
  • Mar 23, 2007 3:30pm Mar 23, 2007 3:30pm
Quoting bravado
it's good read most of the time, but please tone down the humor...most of you are not that funny, if not all of you.
Now that is funny.

Bravado are you British?
  • #9,033
  • Mar 23, 2007 3:34pm Mar 23, 2007 3:34pm
Quoting bravado
i've been watching this thread for quite some time now.

it's good read most of the time, but please tone down the humor.

1) most of you are not that funny, if not all of you.
2) it takes away from the true intent of this thread which is to discuss about trading cable.

also, when you post your charts, make sure the width is somewhere under 480 in pixels.

Cesarnc has been doing a great job with this thread. Even when we have lousy days. Don´t get too cranky.
Great weekend for all of you.
  • #9,034
  • Mar 23, 2007 4:35pm Mar 23, 2007 4:35pm
Quoting bravado
i've been watching this thread for quite some time now.

it's good read most of the time, but please tone down the humor.

1) most of you are not that funny, if not all of you.
2) it takes away from the true intent of this thread which is to discuss about trading cable.

also, when you post your charts, make sure the width is somewhere under 480 in pixels.
The reason I abandoned "The Daily Cable Analysis" was because its founder used to flood the thread once and while with posts that let clear that good humor wasn't welcome to, what he certainly believed, was HIS thread.

By accepting that my personality does not fit with bad humor and boring offices, I gently gave up posting in HIS thread and got back to this one, that was also abandoned in favor of his for quite sometime.

Please refer to this page (http://www.forexfactory.com/showthre...10378&page=359) post# 5382 , where I stated what and why was I doing.

I like to be here every day because trading is too lonely an activity and I could end up crazy in a matter of days. Also, and mainly, because forex is not yet among the culture of the people in Brazil, so I miss opportunities to discuss and exchange ideas.

This week I can say that I did a hell of a job here, not because I think I'm the best, but because I grabbed a furious bull by the horn and succeeded in making good profit out of it. You're profitable, you're doing fine. Easy to measure.

Next week? I don't know how I'll perform.

I'm currently in a hard, hard process of learning here for 4 months now. I don't know yours and other's but my learning curve is being harsh, almost cruel on me. Have given me bad sleep, home discussions, wiped A LOT OF MY MONEY.

But I'm struggling to find my way in forex not to become another statistics.

And I need this comunity to exchange ideas and improve my trading skills.

I personally can't stand choppy days, crazy Fridays, Lousy Mondays and huge drawdowns without keeping my humor. And I try to share this humor here, which seems to be overall well accepted.

Finally, as it was me who gave up the boring thread and got back here with NO USERS ONLINE for days, although I can't say this thread is mine, I can legitimately say that bad humor, castration, absolutism and boredom are definitely NOT WELCOME here.

So if you don't fit, pack you shit and get the hell out of here. Google for boring FF forum and you will find you place.

Keeping respect is all I ask. Posting jokes, positions, complaints, analysis, FREAKING EWs () the whole package is welcome, as far as it doesn't go against FF rules.

For those who stay, go on posting, joking and laughing.

César

P.S. DAMN IT. Freaking lousy Friday, got part of my profit swept, got flushed out of the market and have to read this bunch of crap.

That's my call for alcohol.
  • #9,035
  • Mar 23, 2007 5:20pm Mar 23, 2007 5:20pm
Quoting cesarnc


So if you don't fit, pack you shit and get the hell out of here. Google for boring FF forum and you will find you place.

....

That's my call for alcohol.




I noticed that I tend to do better at a lot of things- getting in and out of positions in Forex while making a profit being one of them- when I am a little tipsy.

I wonder how good of a trader I would be if I were drunk all the time?!
  • #9,036
  • Mar 23, 2007 6:01pm Mar 23, 2007 6:01pm
Quoting dunningduke



I noticed that I tend to do better at a lot of things- getting in and out of positions in Forex while making a profit being one of them- when I am a little tipsy.

I wonder how good of a trader I would be if I were drunk all the time?!
I'm just about to get a bad fame here...

  • #9,037
  • Mar 23, 2007 6:31pm Mar 23, 2007 6:31pm
Quoting cesarnc
The reason I abandoned "The Daily Cable Analysis"...
I really didn't mean to offend anyone with my post above, not even you bravado.

Sorry if I got harsh, it wasn't what I was intending but came out this way...

No regrets on what I've said, but how I said it (had Mr. Bernanke said this, our week could have been much easier )

I'm apologizing to everybody in advance.

Nice weekend you all..
  • #9,038
  • Mar 23, 2007 6:50pm Mar 23, 2007 6:50pm
Does anyone in this thread actually make any money? 99% demo and micro traders with 50/50 opinions. Any real traders here?
  • #9,039
  • Mar 23, 2007 7:13pm Mar 23, 2007 7:13pm
Quoting wep561
Does anyone in this thread actually make any money? 99% demo and micro traders with 50/50 opinions. Any real traders here?
Micro trader here, lost a good amount of $ trading mini, no hurry on the learning, that's why I'm here. Earning my living doing something else.

Was making any money, not trading microlots and was lord of the truth, I'd be flying my own Citation X right now, inbound Ibiza for the weekend, thank you very much...

Computer off now or I'll have to post another apology here....

F'n Friday seems to never end...
  • #9,040
  • Mar 23, 2007 8:17pm Mar 23, 2007 8:17pm
Quoting cesarnc
I really didn't mean to offend anyone with my post above, not even you bravado.

Sorry if I got harsh, it wasn't what I was intending but came out this way...

No regrets on what I've said, but how I said it (had Mr. Bernanke said this, our week could have been much easier )

I'm apologizing to everybody in advance.

Nice weekend you all..
apology for what? no offense taken here. you had every right to say what you did. i just can't stand the humor. i don't even like smileys.

having said that, i had a pretty good trading week. looking foward to next week as well.

have a good weekend cesarnc.
BAM BAM BOOM! -bravado
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