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Cable Update (GBPUSD)

  • #143,721
  • Jul 7, 2009 11:51am Jul 7, 2009 11:51am
Quoting LizardGizzard
Malcomb may be a fantastic trader, but his account size, time frame, and psychological mindset will be different than yours. You will never learn anything by blindly following suggestions. Sorry if I sound harsh, but I'm trying to save you some pain. If you plan to be trading several years from now, will you still be seeking advice from FF? I don't think so, so why bother.
Who says Goga was wanting to blindly follow and not just get another opinion?
  • #143,722
  • Jul 7, 2009 11:52am Jul 7, 2009 11:52am
Quoting malcolmb14
true enough and good words . Give any 2 traders the same system / technique both will have differing sucess with it. This is based on mind set , money management etc

Forums are all about learning from each other and then formulating your own system.
Totally agree with this
  • #143,723
  • Jul 7, 2009 11:53am Jul 7, 2009 11:53am
Quoting pjpipster
I totally agree. Been reading the forum and trading as i do. If i had of follow the crowd here, losses assured. There are a few guys here that know what they are doing. you need to work-out who they are.

Goodluck
alot of people wanted to buy last night as prices were going toward 63! .. perfect example of going against the crowd to win ..

there is no safety in numbers in forex .. at least from personal experience
  • #143,724
  • Jul 7, 2009 11:58am Jul 7, 2009 11:58am
4-hr still sitting on weekly S1 and a monthly mid-level pivot.

if that four hour candle closes (4pm est) like the one yesterday, may prompt another run at 6300 or at least a pullback to enter short in hope of a break down of the 6100 level.
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  • #143,725
  • Jul 7, 2009 12:02pm Jul 7, 2009 12:02pm
Quoting RichLadyFX
Do you think the selling has ended and Cable going north again?
no my target is 1.5800...

we may get rallies but I am selling very one of them for now till i see reason not to.

That reason would be a clear breakout of the previous days value area.

today we have been ranging in the value area

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  • #143,726
  • Jul 7, 2009 12:04pm Jul 7, 2009 12:04pm
perefct sell set up in the ES using vsa

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  • #143,727
  • Jul 7, 2009 12:07pm Jul 7, 2009 12:07pm
Quoting malcolmb14
ignore this post about stop hutning....

there is NO stop hunting trust me ...lol . I have been short since 6433 and holding. The weekly futures chart I posted last week showed this move before it even happened. I mentioned several times move down in oil , gbp and indexes coming.

sometimes though there are moves counter trend that some call stop hunting. In vsa we call these testing of supply or demand , depdning on direction . If we see these on low volume then we know the pros are just testing supply or demand levels . We saw this testing...
Thanks Malcom. I guess that leaves us with only bear hunting and bull hunting!
  • #143,728
  • Jul 7, 2009 12:14pm Jul 7, 2009 12:14pm
Closed my ill timed long at a loss.
Stock looking unhealthy tonight, Dow seems to have broken downwards from the H&S formation, all eyes on the 880 level in S&P500.
  • #143,729
  • Jul 7, 2009 12:14pm Jul 7, 2009 12:14pm
If the s & p breaks 875 then we will see move down to 800 . This will take both GU and gj with it. GU target for week is 1.5800. GJ 150 .

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  • #143,730
  • Jul 7, 2009 12:16pm Jul 7, 2009 12:16pm
Quoting jack.canadia
4-hr still sitting on weekly S1 and a monthly mid-level pivot.

if that four hour candle closes (4pm est) like the one yesterday, may prompt another run at 6300 or at least a pullback to enter short in hope of a break down of the 6100 level.
your pending order still set at 6110??

Ub
  • #143,731
  • Jul 7, 2009 12:17pm Jul 7, 2009 12:17pm
Quoting kuzey
alligator is not good indi for currencies

pls why alligator not good for forex?
MY OPINION NOT FINANCIAL ADVISE
  • #143,732
  • Jul 7, 2009 12:19pm Jul 7, 2009 12:19pm
Quoting ubaidahsan
your pending order still set at 6110??

Ub
no i deleted it. i'm waiting till 00:00 gmt when the pivots reset to plan my next trade.

see you then
  • #143,733
  • Jul 7, 2009 12:21pm Jul 7, 2009 12:21pm
W1, D1 & H4 with bear signals, but shorting right now doesn't look too tempting. Looking for a better setup...
  • #143,734
  • Jul 7, 2009 12:25pm Jul 7, 2009 12:25pm
in my profile i had a bearish sentiment started on june 6th for the DOW to come back down and test 7900/8000 given that i did not favor a v shaped recovery

just another instance where i wish i had alot of money to invest.
  • #143,735
  • Jul 7, 2009 12:29pm Jul 7, 2009 12:29pm
Quoting ganymedes
W1, D1 & H4 with bear signals, but shorting right now doesn't look too tempting. Looking for a better setup...
there will always be an opportunity .. just have to look closely for it
  • #143,736
  • Jul 7, 2009 12:34pm Jul 7, 2009 12:34pm
Quoting malcolmb14
If the s & p breaks 875 then we will see move down to 800 . This will take both GU and gj with it. GU target for week is 1.5800. GJ 150 .

Attachment
Wow, 1.58. Are we seeing 1.60 before session ends?
Great Bodies are Engineered not Born
  • #143,737
  • Jul 7, 2009 12:35pm Jul 7, 2009 12:35pm
Quoting jack.canadia
in my profile i had a bearish sentiment started on june 6th for the DOW to come back down and test 7900/8000 given that i did not favor a v shaped recovery

just another instance where i wish i had alot of money to invest.
Good call!

Maybe you'll be there soon...
As you say, there will always be an opportunity!
  • #143,738
  • Jul 7, 2009 12:36pm Jul 7, 2009 12:36pm
Quoting jack.canadia
in my profile i had a bearish sentiment started on june 6th for the DOW to come back down and test 7900/8000 given that i did not favor a v shaped recovery

just another instance where i wish i had alot of money to invest.
no need for a lot of money 2 k in oil futures would have given 12.5 k return in under a week
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  • #143,739
  • Jul 7, 2009 12:42pm Jul 7, 2009 12:42pm
Quoting malcolmb14
no need for a lot of money 2 k in oil futures would have given 12.5 k return in under a week
Yeah, but let's say you had 2 millions to put in...
Weekly profit: 12,5 millions
  • #143,740
  • Jul 7, 2009 12:44pm Jul 7, 2009 12:44pm
Quoting malcolmb14
no need for a lot of money 2 k in oil futures would have given 12.5 k return in under a week

Easy to say after the fact, you'd of likely tried 4 times before and lost your 2K on every occasion.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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