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Cable Update (GBPUSD)

  • #127,981
  • Mar 25, 2009 10:11am Mar 25, 2009 10:11am
Have a JOB to go to tom..... Happy trading everyone

PS: I've aborted my long positions
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #127,982
  • Mar 25, 2009 10:43am Mar 25, 2009 10:43am
Hey guys...

I think we'll be going down to at least 4450/4380 area if not lower before an significant long entry imo.
  • #127,983
  • Mar 25, 2009 10:53am Mar 25, 2009 10:53am
The 21 EMA is about to cross down the 55 EMA so we'll be in retracement mode and looking to re-load a long trade lower down.

Look to long especially off of the daily 55 EMA.
  • #127,984
  • Mar 25, 2009 11:24am Mar 25, 2009 11:24am
another +67 pips on the same 1st sell order, with total today till now +134
  • #127,985
  • Mar 25, 2009 11:27am Mar 25, 2009 11:27am
Quoting jack.canadia
Hey guys...

I think we'll be going down to at least 4450/4380 area if not lower before an significant long entry imo.
4390 is the key area to watch from here
Don't chase the market, Let the market come to you
  • #127,986
  • Mar 25, 2009 11:28am Mar 25, 2009 11:28am
Quoting Abuawad
another +67 pips on the same 1st sell order, with total today till now +134
Dude, listen: Nobody. Cares.

If you aren't posting your thoughts/charts etc, there's no value in this sort of results post whatsoever. There's some awesome stuff in this thread, but you're just diluting it with meaningless claimed results after the event. It adds nothing.
  • #127,987
  • Mar 25, 2009 11:30am Mar 25, 2009 11:30am
Quoting thetroll
Dude, listen: Nobody. Cares.

If you aren't posting your thoughts/charts etc, there's no value in this sort of results post whatsoever. There's some awesome stuff in this thread, but you're just diluting it with meaningless claimed results after the event. It adds nothing.
be nice, he is looking for clients to manage
Don't chase the market, Let the market come to you
  • #127,988
  • Mar 25, 2009 11:31am Mar 25, 2009 11:31am
Quoting Tmac
be nice, he is looking for clients to manage
lolz... Where do I sign?
  • #127,989
  • Mar 25, 2009 11:31am Mar 25, 2009 11:31am
Quoting thetroll
Dude, listen: Nobody. Cares.

If you aren't posting your thoughts/charts etc, there's no value in this sort of results post whatsoever. There's some awesome stuff in this thread, but you're just diluting it with meaningless claimed results after the event. It adds nothing.
Here is a good example of the people who just want to talk. even if they are don't have any idea,

Dude you listen, i already post it. but you don't have the power to brows the last two pages here... its your issue.
here i post it
http://www.forexfactory.com/showpost...stcount=127939
  • #127,990
  • Mar 25, 2009 11:35am Mar 25, 2009 11:35am
Quoting Abuawad
Here is a good example of the people who just want to talk. even if they are don't have any idea,

Dude you listen, i already post it. but you don't have the power to brows the last two pages here... its your issue.
here i post it
http://www.forexfactory.com/showpost...stcount=127939
I'm guilty of it too but it does the forum no good. Posting your ideas on a trade setup and predicted targets and stop losses is good. But in the end, no one wants to see, nor do the really care, about the second lot you just closed out for x amount of pips.

If you took a loss, I bet you wouldn't post it. Around here people will only come on and talk once they are finallly in a winning trade or have finalllly posted some analysis that worked out. Be humble, and don't brag.
  • #127,991
  • Mar 25, 2009 11:36am Mar 25, 2009 11:36am
Quoting Tmac
4390 is the key area to watch from here
Glad to see we are on the same page! Not only prior support but this area is braketed by two 38.2% retracements and a 50%. The daily M0 and S3 pivots are near there as well, hourly 200EMA, daily 55 EMA and 4-hour 55EMA.

I have never seen a better place to look to buy.
  • #127,992
  • Mar 25, 2009 11:36am Mar 25, 2009 11:36am
Quoting thetroll
Dude, listen: Nobody. Cares.

If you aren't posting your thoughts/charts etc, there's no value in this sort of results post whatsoever. There's some awesome stuff in this thread, but you're just diluting it with meaningless claimed results after the event. It adds nothing.
And by the way JUNIOR Keep your first 10 post clean without saying something on one of the analyst here...
try to learn if thats what you want...
  • #127,993
  • Mar 25, 2009 11:40am Mar 25, 2009 11:40am
Quoting jack.canadia
I'm guilty of it too but it does the forum no good. Posting your ideas on a trade setup and predicted targets and stop losses is good. But in the end, no one wants to see, nor do the really care, about the second lot you just closed out for x amount of pips.

If you took a loss, I bet you wouldn't post it. Around here people will only come on and talk once they are finallly in a winning trade or have finalllly posted some analysis that worked out. Be humble, and don't brag.
here are the same open position i have and i already post the screen shot before.
and i still have them open
Attached Images
  • #127,994
  • Mar 25, 2009 11:43am Mar 25, 2009 11:43am
Quoting Abuawad
Here is a good example of the people who just want to talk. even if they are don't have any idea,

Dude you listen, i already post it. but you don't have the power to brows the last two pages here... its your issue.
here i post it
http://www.forexfactory.com/showpost...stcount=127939
That's just a list of support and resistance values with some broken English trying to explain the concepts of support and resistance. The fact it's in the Comic font is rather telling.

Even ignoring the fact there's no meaningful analysis there, the existence of that post doesn't warrant your subsequent selective posting of the results of your trades. We've seen what happens when you actually trade a real money account...

The most valuable part of that post (and it's only comedy value) is the little graphic of your signature stamped all over the picture, presumably in some misguided attempt to prevent plagiarism.
  • #127,995
  • Mar 25, 2009 11:43am Mar 25, 2009 11:43am
Quoting jack.canadia
Glad to see we are on the same page! Not only prior support but this area is braketed by two 38.2% retracements and a 50%. The daily M0 and S3 pivots are near there as well, hourly 200EMA, daily 55 EMA and 4-hour 55EMA.

I have never seen a better place to look to buy.
A string of consecutive advances or declines tends to mark sentiment extremes, and therefore price extremes. Different periods indicate corresponding degrees of sentiment. For example, 7 consecutive down days would indicate a bearish sentiment of smaller degree than 7 consecutive down months. Based on the idea that a number of consecutive declines indicates a specific degree of pessimism, sentiment towards the GBPUSD is the most pessimistic that it has ever been! There has never been an instance when the GBPUSD declined 9 consecutive months…until this month. If the GBPUSD rallies enough to close above 1.43 then the pair will have declined for 8 consecutive months (green). That has only happened once, in March 1983…and a 1,500 pip rally took place the next 2 months. 6 consecutive declines have led to some of the most important bottoms in GBPUSD history.

Additional technical evidence supports a sizeable bounce. Former resistance becomes support and vice / versa. A resistance line extended from the September 1992 and October 1998 highs has held as support since the low at 1.35. RSI is testing its all time low (monthly closing basis) that occurred in October 1976. The combination of former resistance as support and the position of RSI favor bulls at this point.


this was posted over a week ago when everyone had shoritis

direction is up mid to long term

look at a chart of the GJ and what do you see? probably the best looking setup in all of forex at the moment or in a long time
Don't chase the market, Let the market come to you
  • #127,996
  • Mar 25, 2009 11:45am Mar 25, 2009 11:45am
Quoting thetroll
That's just a list of support and resistance values with some broken English trying to explain the concepts of support and resistance....
Try then to do better than me
  • #127,997
  • Mar 25, 2009 11:46am Mar 25, 2009 11:46am
Quoting Abuawad
here are the same open position i have and i already post the screen shot before.
and i still have them open
But why post that? To prove you have a holy grail system? I think its far from it.

A+ on being in the pips, we all love it. No need to post shots of your open positions for us to believe you.

The only time i posted a shot of my account was when I increased my micro accnt by a fair amount one week. Aside from that, anyone can book a 150 pip trade on cable.
  • #127,998
  • Mar 25, 2009 11:46am Mar 25, 2009 11:46am
Quoting thetroll
That's just a list of support and resistance values with some broken English trying to explain the concepts of support and resistance....
Why do you write so about Nizar? He makes good calls!
  • #127,999
  • Mar 25, 2009 11:49am Mar 25, 2009 11:49am
Quoting Tmac
A string of consecutive advances or declines tends to mark sentiment extremes, and therefore price extremes. Different periods indicate corresponding degrees of sentiment. For example, 7 consecutive down days would indicate a bearish sentiment of smaller degree than 7 consecutive down months. Based on the idea that a number of consecutive declines indicates a specific degree of pessimism, sentiment towards the GBPUSD is the most pessimistic that it has ever been! There has never been an instance when the GBPUSD declined 9 consecutive months…until...
Thanks bro! Now this is useful, not the fact that you just made 65 pips on a trade...haha
  • #128,000
  • Mar 25, 2009 11:51am Mar 25, 2009 11:51am
Quoting Abuawad
here are the same open position i have and i already post the screen shot before.
and i still have them open
here is my day but who really cares about this crap, its over

where is the cable headed? thats what they want to know and its up overall.
Don't chase the market, Let the market come to you
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