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Cable Update (GBPUSD)

  • #9,601
  • Mar 30, 2007 2:02pm Mar 30, 2007 2:02pm
Quoting katzenhai2
No. Market reflects humans emotions and instincts, like for example astrology shows you the quality of time.

As far as I can see no one here traded this beforehand. So what are the news worth if you only can know after the event happened, what happened? Thats useless and only a try to fill in the gaps of unknowing for our ego. Egos don't like it to be not in control of anything, but they are satisfied if they 'know' what was going on.

Have you read these news? Have you acted on them? Why not??
We have different approaches, that's all... As long as we can profit out of it, we are both right.



Calling it a day, people... Whatta a week...
  • #9,602
  • Mar 30, 2007 2:07pm Mar 30, 2007 2:07pm
Quoting katzenhai2
I'm not sure about this subwave 5 up you counted.
I'll post chart tomorrow or Sunday and then you can give some opinions on it.

Btw, cable has retraced back to 9670 so far, giving chance for the monthly doji to show up again.
Tra-X
  • #9,603
  • Mar 30, 2007 2:09pm Mar 30, 2007 2:09pm
Quoting cesarnc
Holy crap.... geopolitics in the air at the same time.

Rumours are circulating to the effect that the US has told its citizens to get out of [BAHRAIN], and that the US will impose sanctions on [CHINA]. Such talk, if it takes hold, is likely to put further upside pressure on oil prices, with positive spillovers for the Cad and Chf in consequence. The [USD] has reacted negatively to the reports, Eur/Usd lifting into offers ahead of 1.3370 and Usd/Jpy dropping towards bids around 117.50. Note that these rumours may be attempts to defend 118.40 and 118.50 barriers in Usd/Jpy in particular, and confirmation of the talk will be needed to maintain the softer tone. Note US contacts saying the US has a standing warning for its citizens to stay out of Bahrain.

Market holding above 23% fibo from this move. That's nasty shit around the corner...
Thanks for the info, i was trying to see why the $ had been oversold at around 6PM
  • #9,604
  • Mar 30, 2007 2:13pm Mar 30, 2007 2:13pm
Quote
We have different approaches, that's all... As long as we can profit out of it, we are both right.
No, you think I'm nuts and probably you are right.
You need to be nuts if you want to be profitable in this market.
  • #9,605
  • Mar 30, 2007 2:28pm Mar 30, 2007 2:28pm
Quoting katzenhai2
No, you think I'm nuts and probably you are right.
You need to be nuts if you want to be profitable in this market.
You got it... There gotta be some sort of forexholic recovery clinic somewhere awaiting our arrival with open arms and nasty food...

  • #9,606
  • Mar 30, 2007 2:54pm Mar 30, 2007 2:54pm
Quoting forexnovice
Couldn't help placing a short @9705...TP 9650
Pulled the plug on this short @ 9669...Been a piptastic week so far!

Cheers!
  • #9,607
  • Mar 30, 2007 5:13pm Mar 30, 2007 5:13pm
market actually closed. who or where or what am i going to vent out my frustration on now?

unbelievable. simply, unbelievable.

my blood boils every time i look at the 150 pip move made by cable today. those pips could've been mine. all mine. i cannot believe the market did this to me.

this is just terrible.
BAM BAM BOOM! -bravado
  • #9,608
  • Mar 30, 2007 8:00pm Mar 30, 2007 8:00pm
I think,that the cable it's very difficult for technical analysis,so I always first look at the eur/usd chart to see what are the possible moves.
Here's my idea for the move next month.
http://www.imagefreehost.com/files/3...1410065408.gif

We have a triangle.The top could be 1.3405 or 1.3450 if this figure is correct.
If we go above 1.3450 I'll try longs with tp 1.3654,but my favourite is a south move til 1.28+.From 1.28+ we can look above 1.3405 again or take the tour til 1.24 and then continiue with the up trend.
That's my long-term view for eur/usd.
If we go til 1.28+ by eur/usd I'll be waiting to see 1.89 by the cable.
Have a nice weekend and good luck next month
  • #9,609
  • Mar 30, 2007 8:55pm Mar 30, 2007 8:55pm
Quoting bravado
market actually closed. who or where or what am i going to vent out my frustration on now?

unbelievable. simply, unbelievable.

my blood boils every time i look at the 150 pip move made by cable today. those pips could've been mine. all mine. i cannot believe the market did this to me.

this is just terrible.
This reminds me of a quote my mentor said:
Dont start trading the forex thinking you've gotten rid of your boss. The market will only give you as much as it wants too.
  • #9,610
  • Mar 30, 2007 11:48pm Mar 30, 2007 11:48pm
Quoting TheCable
I think,that the cable it's very difficult for technical analysis,so I always first look at the eur/usd chart to see what are the possible moves.
Here's my idea for the move next month.
here's my idea for your next post.

how about you tone down on the graphics just a little bit there.
you are giving me side scroll action on this page and i have no patience for that.
BAM BAM BOOM! -bravado
  • #9,611
  • Mar 30, 2007 11:57pm Mar 30, 2007 11:57pm
Quoting Marrethiel
This reminds me of a quote my mentor said:
Dont start trading the forex thinking you've gotten rid of your boss. The market will only give you as much as it wants too.
how about the market didn't give me as much as i wanted it to?

where is the 'me' in this equation? i'm the one who's trading right.
i'll give the market as much as i want to. i'll give it some middle finger. how about that?
BAM BAM BOOM! -bravado
  • #9,612
  • Mar 31, 2007 6:13am Mar 31, 2007 6:13am
Quoting bravado
here's my idea for your next post.

how about you tone down on the graphics just a little bit there.
you are giving me side scroll action on this page and i have no patience for that.
Here is my idea for my next post - I don't care
  • #9,613
  • Mar 31, 2007 6:23am Mar 31, 2007 6:23am
Quoting TheCable
Here is my idea for my next post - I don't care
how rude.
BAM BAM BOOM! -bravado
  • #9,614
  • Mar 31, 2007 7:38am Mar 31, 2007 7:38am
Quoting bravado
market actually closed. who or where or what am i going to vent out my frustration on now?
Buy a dog

  • #9,615
  • Mar 31, 2007 8:36am Mar 31, 2007 8:36am
Quoting cesarnc
Buy a dog
dogs slob all over you and they poop.
BAM BAM BOOM! -bravado
  • #9,616
  • Mar 31, 2007 12:34pm Mar 31, 2007 12:34pm
Quoting bravado
how about you tone down on the graphics just a little bit there.
you are giving me side scroll action on this page and i have no patience for that.
Buy a bigger monitor. No wonder you've missed the 150 pips ride. :
  • #9,617
  • Mar 31, 2007 4:36pm Mar 31, 2007 4:36pm
Quoting bravado
dogs slob all over you and they poop.
Maybe you are right, then... Loosing 150 pips for shorting at the support and then having to clean dog poop would be devastating...

Why don't you try something radically new, advanced and bold:

GO LONG AT SUPPORTS AND SHORT AT RESISTANCES

You can make history in the forex word this way
  • #9,618
  • Apr 1, 2007 3:05am Apr 1, 2007 3:05am
Quoting katzenhai2
Buy a bigger monitor. No wonder you've missed the 150 pips ride. :
i keep telling myself to get a bigger monitor=bigger profits but i lack the discipline to wait on on line or wait for it to arrive by mail order so i never bothered.

but sure.. i agree. only if i had the discipline to purchase one.

what worries me though is that i have to hook it up after i even purchase it.
that's whole another level.
BAM BAM BOOM! -bravado
  • #9,619
  • Apr 1, 2007 3:12am Apr 1, 2007 3:12am
Quoting cesarnc
Maybe you are right, then... Loosing 150 pips for shorting at the support and then having to clean dog poop would be devastating...

Why don't you try something radically new, advanced and bold:

GO LONG AT SUPPORTS AND SHORT AT RESISTANCES

You can make history in the forex word this way
i got a better idea. i just added in 8 new indicators on my chart. each indicator is an innovation in itself. thats 8X radically new, advanced and bold.
BAM BAM BOOM! -bravado
  • #9,620
  • Apr 1, 2007 5:58am Apr 1, 2007 5:58am
Quoting bravado
i got a better idea. i just added in 8 new indicators on my chart. each indicator is an innovation in itself. thats 8X radically new, advanced and bold.
Great idea - you'll be OK now....just remember to leave a bit of space for the price!
I've got my pips - go get yours!
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