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Cable Update (GBPUSD)

  • #133,421
  • May 21, 2009 1:06am May 21, 2009 1:06am
Morning everyone, well Asia set a new 'high' gosh someone really loves the £ right now and is stopping at nothing. Daily through the 200ma on my charts now.

Well back to the smaller timeframes, looking to scalp shorts and position more longs if possible, well until it shows signs of a retracement.

You watch now I say that guess what it will do today lol

Watch your 'pots'.....
  • #133,422
  • May 21, 2009 1:13am May 21, 2009 1:13am
Quoting jibleanu
when hit 1.5705 hit short for 30 pips profit not more yet .and prepare for a big short of 300-400 pips in a week at the most.
When you wrote this, price was on its way to 5705 and when it got there, it eventually rallied well beyond there.

So anyone that did take that signal, immediately lost and was never in profit. No bullshit signals around here without analysis. It's people like you that lead to some newbies here losing money.
  • #133,423
  • May 21, 2009 1:16am May 21, 2009 1:16am
Jibleanu, you are a waste of time and money my friend. You went on about others giving newbies false hopes and signals...you know what....at least they have the decency to justify their advice with charts etc.. in order to explain how they came to their conclusions.

Yes, they might not always be right but at least they try to contribute in their own way. You on the other hand expect newbies to just blindly follow you off a cliff. You do not justify and or explain your signals in any way and to be quite frank the calls you made so far a blind man can make in these markets, as for the others calls, some might feel like blind men now for following them.

If I was a newbie I would steer clear of you as far as possible.

Cheers and happy trading.

PS: Do us all a favour and post your calls in the thread you created and not here unless you can back them up with information on how and why the call was made. The aim of this forum is to share and teach/learn from others, not to boast and infuriate others.

Quoting jibleanu
if they shorted in the moment i told them they would have won some money but i am hoping nobody espect to folow the signal couple h after
  • #133,424
  • May 21, 2009 1:25am May 21, 2009 1:25am
bro jibleanu..
its not wrong if u want to share signal...
who want to follow,just follow...who wont,just ignore it...
but seem other people here not really like u..(coz u did not include ur analysis..)...why not u just post ur signal at ur own thread/topic...u already open 2 thread rite??

just my 2cent....hehe
  • #133,425
  • May 21, 2009 1:29am May 21, 2009 1:29am
morning all
  • #133,426
  • May 21, 2009 1:30am May 21, 2009 1:30am
Quoting jack.canadia
When you wrote this, price was on its way to 5705 and when it got there, it eventually rallied well beyond there.

So anyone that did take that signal, immediately lost and was never in profit. No bullshit signals around here without analysis. It's people like you that lead to some newbies here losing money.
JC:

Alwaysthanks for people like you looking out for the newbies. We do appreciate it. Thanks again.
  • #133,427
  • May 21, 2009 1:31am May 21, 2009 1:31am
Here is one clean, clear daily picture from back in May 2008 thru present.
Attached Image
Hear the music before the song is over ...
  • #133,428
  • May 21, 2009 1:34am May 21, 2009 1:34am
Nice and simple.

Here is a daily from metatrader. All I see to the left is an old gap in the market so we will need confirmation on a higher timeframe before thinking of shorting conservatively.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 32 KB
  • #133,429
  • May 21, 2009 1:38am May 21, 2009 1:38am
Quoting jack.canadia
Nice and simple.

Here is a daily from metatrader. All I see to the left is an old gap in the market so we will need confirmation on a higher timeframe before thinking of shorting conservatively.
I think I'll be waiting till the end of the week to short her. Too many close calls this week and I dont feel safe longing now.
  • #133,430
  • May 21, 2009 1:43am May 21, 2009 1:43am
Quoting jack.canadia
Nice and simple.

Here is a daily from metatrader. All I see to the left is an old gap in the market so we will need confirmation on a higher timeframe before thinking of shorting conservatively.
That's right.
Here's what I'd imagine : guys from the funds look at this and say...Hmmm... Higher highs, higher lows...let's buy couple yards of this baby and keep'em for weeks or maybe months on end...and in the process all the lower TF signals get screwed...like for instance yesterday (or the entire week for that matter)so it really is important to pay attention to this TF even if one's trading at lower one.
Hear the music before the song is over ...
  • #133,431
  • May 21, 2009 1:46am May 21, 2009 1:46am
Quoting jack.canadia
Nice and simple.

Here is a daily from metatrader. All I see to the left is an old gap in the market so we will need confirmation on a higher timeframe before thinking of shorting conservatively.
Hi Jack,

What do you mean by an old gap in the market?
  • #133,432
  • May 21, 2009 1:52am May 21, 2009 1:52am
Quoting 4cfx
Hi Jack,

What do you mean by an old gap in the market?
Gap meaning, for instance, on Oct 27 the market opened at 1.5750 but closed the week before at 5913. It 'gapped' down over the weekend. I say old since this occured last year.

Even though this gap has been 'filled' it still nonetheless will serve as an area of support/resistance. So between those two price levels is a high probability for price to find its 'ultimate' resistance before heading down. But at I said confirmation on a higher timeframe would be needed to confirm any turns.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 19 KB
  • #133,433
  • May 21, 2009 1:52am May 21, 2009 1:52am
By my calculations t/p on 4 hr chart for cable falls on 1.5830, what u think about that jack?
  • #133,434
  • May 21, 2009 1:52am May 21, 2009 1:52am
Quoting GlobalMacro
That's right.
Here's what I think : guys from the funds look at this and say...Hmmm... Higher highs, higher lows...let's buy couple yards of this baby and keep'em for weeks or maybe months on end...and in the process all the lower TF signals get screwed...like for instance yesterday (or the entire week for that matter)so it really is important to pay attention to this TF even if one's trading at lower one.
The longer I keep trading the more timeframes appear on my screen and the more idicators, it all started so simply...... its not easy but nothing is
  • #133,435
  • May 21, 2009 1:54am May 21, 2009 1:54am
Quoting 4xHero
By my calculations t/p on 4 hr chart for cable falls on 1.5830, what u think about that jack?
It's possible? A spike to 1.60 could also happen. I don't know I am out of G/U until the end of the week.
  • #133,436
  • May 21, 2009 1:55am May 21, 2009 1:55am
Everyone look at USD/CAD carefully. While GBP/USD is flying high, USD/CAD is dropping sharply.

Maybe we have lost a good chance too long GBP/USD because of those irresponsible stupid ones who kept telling us to short. But now maybe we will have a really good chance to long USD/CAD soon.
When I buy it, it moves down. When I sell it, it moves up.
  • #133,437
  • May 21, 2009 1:56am May 21, 2009 1:56am
Quoting GlobalMacro
That's right.
Here's what I'd imagine : guys from the funds look at this and say...Hmmm... Higher highs, higher lows...let's buy couple yards of this baby and keep'em for weeks or maybe months on end...and in the process all the lower TF signals get screwed...like for instance yesterday (or the entire week for that matter)so it really is important to pay attention to this TF even if one's trading at lower one.
Gotta agree with GB (nice chart also): next medium-term level could be 1.70 (and then perhaps 2.10??). Anyhow, that does not stop us day-trading
  • #133,438
  • May 21, 2009 1:56am May 21, 2009 1:56am
Quoting jack.canadia
It's possible? A spike to 1.60 could also happen. I don't know I am out of G/U until the end of the week.
Ya i know what u mean, i was also thinking along those lines of 5925 which is 76% on 4hr chart.
  • #133,439
  • May 21, 2009 2:00am May 21, 2009 2:00am
Quoting pujolshomerun
Everyone look at USD/CAD carefully. While GBP/USD is flying high, USD/CAD is dropping sharply.

Maybe we have lost a good chance too long GBP/USD because of those irresponsible stupid ones who kept telling us to short. But now maybe we will have a really good chance to long USD/CAD soon.
I am looking at taking a USA/CAD long and a AUD/USD short, along with GBP/USD short and EUR/USD short.

Whichever one looks better.
  • #133,440
  • May 21, 2009 2:00am May 21, 2009 2:00am
Quoting Marj
The longer I keep trading the more timeframes appear on my screen and the more idicators, it all started so simply...... its not easy but nothing is
I know what you mean. That's probably the creative compulsion that's inside us human beings...which BTW gets us into a lot of trouble in trading.
Actually resisting too much complication and keepin' as simple as possible a picture is the way to go. Unless one's working w/ black box machines in which case again ironically the rules we, humans, cannot begin to comprehend.
Hear the music before the song is over ...
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