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Cable Update (GBPUSD)

  • #126,341
  • Mar 13, 2009 2:23am Mar 13, 2009 2:23am
Channel...
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  • #126,342
  • Mar 13, 2009 2:26am Mar 13, 2009 2:26am
Quoting wormboy
No, you're not the only one who sees this.
Thank god :-)

I'm all for asking questions, but please do some chart analysis yourself, otherwise you're relying on some other mug who quite frankly may be a shocking trader.

end rant
The trend is not your friend, it's your master.
  • #126,343
  • Mar 13, 2009 2:28am Mar 13, 2009 2:28am
Boy, did you ever say a mouth full. Agreed wholeheartedly.

LOL


Quoting wormboy
Don't forget the punting & baseless trade calls. And people making predictions, those are priceless lol. No, you're not the only one who sees this. What used to be a very good thread now has the feel as if you're at the bookies at times. Few reckless people who think they can actually trade are ruining this thread.
  • #126,344
  • Mar 13, 2009 2:28am Mar 13, 2009 2:28am
Quoting Cultured
Thank god :-)
Copycat finish last....
  • #126,345
  • Mar 13, 2009 2:31am Mar 13, 2009 2:31am
Quoting agent_smith
well, i think GU might go up here because:
dollar index just closed below some important resistance (88.5)
european shares might continue up on the back of last night usa gains
(until new york opens today, when there could be a big correction down)
all imho of course, i'm probably wrong
Nah mate, don't be like that! You may be bloody right! I'm just saying there is a lot of "will cable do this" without any real reasoning in this thread. I worry for people trading on info on this thread instead of chart analysis.
The trend is not your friend, it's your master.
  • #126,346
  • Mar 13, 2009 2:33am Mar 13, 2009 2:33am
btw cultured, i didn't state anything, i placed a question mark after my opinion
and if you look i stated my reasons for my opinion in my first post, just done it again for you thou - please have a look. no charts - i based my GU idea more on dollar index and stock index correlations with GU.
i'm trading only 4 months, not sure i should start posting anything yet
  • #126,347
  • Mar 13, 2009 2:38am Mar 13, 2009 2:38am
Quoting agent_smith
btw cultured, i didn't state anything, i placed a question mark after my opinion
and if you look i stated my reasons for my opinion in my first post, just done it again for you thou - please have a look. no charts - i based my GU idea more on dollar index and stock index correlations with GU.
i'm trading only 4 months, not sure i should start posting anything yet
Don't worry about who said what and don't let nobody bully you out of this tread .We all tread different and for some tech.(so do call ) analysis I have a quiet laugh ,but I don't bully ppl. And I look at dollar index too
  • #126,348
  • Mar 13, 2009 2:42am Mar 13, 2009 2:42am
Video showing preatty much what sofia said: R = 1.3974 S= 1.3860/50
http://www.dailyfx.com/story/guest_c...904338252.html

--------------

Maby we are going to bounce those level until US data....
  • #126,349
  • Mar 13, 2009 2:45am Mar 13, 2009 2:45am
I don't care about what ppl say, my analyst is my result... let market decide... i just ppl without knowledge about trading
you will confuse when you follow someone in your trading
  • #126,350
  • Mar 13, 2009 2:45am Mar 13, 2009 2:45am
Quoting Inzider
Make sens yes, i agree whit you on that.
Let's wait and see what London have for us tonight!

Fast/emotive entry can be painful here.



Small short from 22 here, wish you the best!
Good morning Inzider, Sofia and everyone. This is my time to start in the UK well maybe an hour ago. What is your time for trading Inzider and Sofia. You said " Let's wait and see what London have for us tonight!"

I got in at 13949 last night (for me) after ther price hit an hourly 200 MA and confluence of 23.6% and 50%. A nice 74 pips using the 38.2% retracement and a minor retracement level at 18:00 on Thursday. The fibs certainly work on Cable and it is certainly moving HARMONICALLY as you said Inzider yesterday, thanks for the enlightenment. I think the first 30 minutes after the open in UK will give us some idea of direction today. Bloombergs has just said the $ is going to be strong again the £ today. That kind of news comment however always worries me although they are also saying Europe will open higher this morning. Good trading everyone!!
  • #126,351
  • Mar 13, 2009 2:45am Mar 13, 2009 2:45am
Quoting Inzider
Video showing preatty much what sofia said: R = 1.3974 S= 1.3860/50
http://www.dailyfx.com/story/guest_c...904338252.html
LOL I am glad they agree with me ,I never check them.
  • #126,352
  • Mar 13, 2009 2:45am Mar 13, 2009 2:45am
Quoting agent_smith
btw cultured, i didn't state anything, i placed a question mark after my opinion
and if you look i stated my reasons for my opinion in my first post, just done it again for you thou - please have a look. no charts - i based my GU idea more on dollar index and stock index correlations with GU.
i'm trading only 4 months, not sure i should start posting anything yet
Peace brother (sister?)

I assumed you were looking for confirmation based on chart analysis. I honestly am concerned about people trading here based on other people's opinions.

btw, you are never too "young" to ask questions...imo.
The trend is not your friend, it's your master.
  • #126,353
  • Mar 13, 2009 2:47am Mar 13, 2009 2:47am
Quoting agent_smith
btw cultured, i didn't state anything, i placed a question mark after my opinion
and if you look i stated my reasons for my opinion in my first post, just done it again for you thou - please have a look. no charts - i based my GU idea more on dollar index and stock index correlations with GU.
i'm trading only 4 months, not sure i should start posting anything yet
Well, just post those charts away. It'll be helpful to those who are trying to learn nonetheless. If there's a mistake with your chart that you don't see, there are some good traders around who could point it out. So, just go for it mate.
Read my footnote regarding avoiding mistakes lol.
Thank You
  • #126,354
  • Mar 13, 2009 2:48am Mar 13, 2009 2:48am
Quoting Barny
Good morning Inzider, Sofia and everyone. This is my time to start in the UK well maybe an hour ago. What is your time for trading Inzider and Sofia. You said " Let's wait and see what London have for us tonight!"

I got in at 13949 last night (for me) after ther price hit an hourly 200 MA and confluence of 23.6% and 50%. A nice 74 pips using the 38.2% retracement and a minor retracement level at 18:00 on Thursday. The fibs certainly work on Cable and it is certainly moving HARMONICALLY as you said Inzider yesterday, thanks for the enlightenment....
Good morning Barny,I posted a little back what I think and now I am waiting I am in Florida US so my time is Estern US 3:48 am
  • #126,355
  • Mar 13, 2009 2:52am Mar 13, 2009 2:52am
Quoting wormboy
If there's a mistake with your chart that you don't see, there are some good traders around who could point it out. So, just go for it mate.
Dead set best idea for people trying to improve their trading. Take heed!!

We are not perfect, but collective knowledge improves us quicker.
The trend is not your friend, it's your master.
  • #126,356
  • Mar 13, 2009 2:55am Mar 13, 2009 2:55am
Quoting sofia101
Don't let nobody bully you out of this thread
Sorry sofia101, not my intention at all. I am all about people learning for themselves.

Much respect.
The trend is not your friend, it's your master.
  • #126,357
  • Mar 13, 2009 2:57am Mar 13, 2009 2:57am
Quoting agent_smith
btw cultured, i didn't state anything, i placed a question mark after my opinion
and if you look i stated my reasons for my opinion in my first post, just done it again for you thou - please have a look. no charts - i based my GU idea more on dollar index and stock index correlations with GU.
i'm trading only 4 months, not sure i should start posting anything yet

way i like to do it is make my own charts.... then go in and look at what those who succeed show, duplicate it on my chart... then study it.. .see where i missed... btw, i am new at this also... hang in there.
Durn the torpedos, full speed ahead
  • #126,358
  • Mar 13, 2009 2:59am Mar 13, 2009 2:59am
I have any ideas to BUY LIMIT at 1.3820
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  • #126,359
  • Mar 13, 2009 3:02am Mar 13, 2009 3:02am
"We are not perfect, but collective knowledge improves us quicker"

With this - I agree 100%.
All good bro.
  • #126,360
  • Mar 13, 2009 3:02am Mar 13, 2009 3:02am
Quoting Barny
Good morning Inzider, Sofia and everyone. This is my time to start in the UK well maybe an hour ago. What is your time for trading Inzider and Sofia. You said " Let's wait and see what London have for us tonight!"

I got in at 13949 last night (for me) after ther price hit an hourly 200 MA and confluence of 23.6% and 50%. A nice 74 pips using the 38.2% retracement and a minor retracement level at 18:00 on Thursday. The fibs certainly work on Cable and it is certainly moving HARMONICALLY as you said Inzider yesterday, thanks for the enlightenment....
Hi Barny!

I'm from GMT-5 (canada), trading London/USA over lap.

Keep on good work about fibs. I personnaly LOVE the yesterday HL on 15 chart. Like right now we are in between 78.6 and 61.8.

Beware about Bloombergs, they can be totaly wrong sometimes.

Have a look at equities close, futures, all green.... usd index down... oil up... gold down LOL!

I'm aint sure about nothing for now and closed any position.
Even think i'm going to walk the dogs... and wait us data.

Wish you the best!
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