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Cable Update (GBPUSD)

  • #144,841
  • Jul 9, 2009 12:35pm Jul 9, 2009 12:35pm
Quoting yakutatjack
Why werent these guys buying 300 pips ago.

Answer cause they think they have missed the move up so they start buying after it has gone past the adr. Oh I better get in. Thus why they fail. Buy tops sell bottoms.

its not new and will continue to happen day in and day out.

Why are you taking the piss 300 pips AFTER the move?

Can you point out to me where the next top / bottom is?
Thank You
  • #144,842
  • Jul 9, 2009 12:38pm Jul 9, 2009 12:38pm
I used to read the dailyfx techincals daily, which I found was BS most of the time!
And cost me a good potion of my account.



Now Ive been reading this thread for the past week, looking for insight.


If you go solely on what you see and not what others are "predicting" then you stand a much better chance!

Trade what you see, not what you want to predict!


If you had traded what you saw from the 4hr candles from 12 pm yesterday to now, you would have gone long all the way!

The 4hr has said nothing but buy since that time.

Price is really the only indicator you need with support and resistance, and maybe a little macd for spice!


Good luck!
  • #144,843
  • Jul 9, 2009 12:39pm Jul 9, 2009 12:39pm
Quoting albchr
Understand, I'm not saying it's anyones fault but my own. My choice entirely to "allow" myself the distraction. I really love FF and have learned...well...about everything I know to date here.

Trading is also a solo thing pretty much, does get abit boring on your own, I don't post while I'm actually trading though, just watching and learning as my focus isn't enough currently.

From next week though, I start trading with a girlie I know at her house 1 day per week and using MSN the rest of the week, abit of a team effort, I taught her my trade method so both on the same page.

Where as here, 100 different pages so all gets confusing.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,844
  • Jul 9, 2009 12:39pm Jul 9, 2009 12:39pm
Quoting wormboy
Why are you taking the piss 300 pips AFTER the move?

Can you point out to me where the next top / bottom is?
Yeah, I'd love to hear his "pre" views as well....

Not that I'd listen though......
Ghost Rider - WWTBMD?
  • #144,845
  • Jul 9, 2009 12:42pm Jul 9, 2009 12:42pm
Flat lined on what looks like low volume from the PA, don't be suckered into shorting this, cause it nearly always has a crippling last run into the USA's close which is @2hours away.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,846
  • Jul 9, 2009 12:47pm Jul 9, 2009 12:47pm
Quoting Turveyd
Flat lined on what looks like low volume from the PA, don't be suckered into shorting this, cause it nearly always has a crippling last run into the USA's close which is @2hours away.

All depends on the DOW. Technicals say sell here, but as you say, there could be a spurt into the close. Scaling in some shorts from 1.645. There's not much further upside for today at least.
  • #144,847
  • Jul 9, 2009 12:49pm Jul 9, 2009 12:49pm
Hey Guys... I was drawing some fibos here and I found very interesting movement... the price was 3 times hit on 23.6 and after went up...
If u draw from the botton of today to the top of each movement up u will see what I'm talking about.
By the way I was on 5min chart.
  • #144,848
  • Jul 9, 2009 12:49pm Jul 9, 2009 12:49pm
Quoting wormboy
lol nice one bro, i saw this post yesterday. Great call
thanks buddy
  • #144,849
  • Jul 9, 2009 12:53pm Jul 9, 2009 12:53pm
Quoting nAVIN2007
thanks buddy
I respect your call mate....i mean there is no words to it at alll

My full equity at stake now on my trade......

Stop loss has been moved to 1.7100..

Am not gonna be forex factorying or trading any more till my positions are realised.........

What a beautiful call
Respect sir
Let Price determine your future!
  • #144,850
  • Jul 9, 2009 12:55pm Jul 9, 2009 12:55pm
Quoting jack.canadia
i was long last night from 6040 .. i closed because everyone and their mother screamed 5800 .. damn this thread and your influences..

remember this .. the retail crowd is the most bearish when the market is about to turn, and most bullish when the market is about to fall .. its called a sentiment extreme, and if this occurs near support (6080) you grab your balls and do the opposite.




guys, look at a zoomed out daily, the trend it still up medium term until 5800 is taken out. not to say we didnt make money shorting,...
Sorry to see you go Jack, I have learned so much from your posts and enjoyed your banter. What you say makes great sense, though, too.

Thanks for being so generous with your knowledge. Look forward to following your other thread.

Pippiness
  • #144,851
  • Jul 9, 2009 12:57pm Jul 9, 2009 12:57pm
Quoting alex1976
I used to read the dailyfx techincals daily, which I found was BS most of the time!
And cost me a good potion of my account.



Now Ive been reading this thread for the past week, looking for insight.


If you go solely on what you see and not what others are "predicting" then you stand a much better chance!

Trade what you see, not what you want to predict!


If you had traded what you saw from the 4hr candles from 12 pm yesterday to now, you would have gone long all the way!

The 4hr has said nothing but buy since that time.

Price is really...
absolutely agree in my early day in here i was so into the analysis posting charts..was actually trying to predict where the market goes..got killed slowly

trade where price is going not where u think its going, trading where u think its going simply means yur jumping the gun and acting no signal(gambling)

u just gotta trust what u see...not easy when u where glasses but its all u can do
  • #144,852
  • Jul 9, 2009 1:03pm Jul 9, 2009 1:03pm
wow! What a recovery by Cable today. Its a great sigh of relief for someone who has long at 1.67 without any stop losses :-)

Quote
the retail crowd is the most bearish when the market is about to turn, and most bullish when the market is about to fall .. its called a sentiment extreme, and if this occurs near support (6080) you grab your balls and do the opposite.

Very well said Jack! Gotta agree with you! I was quite depressed yesterday when i was hearing the voices of 1.5800 and down, its always good to go with you own methods/systems and your own decision rather than jumping on the band wagon!
  • #144,853
  • Jul 9, 2009 1:03pm Jul 9, 2009 1:03pm
Quoting nAVIN2007
absolutely agree in my early day in here i was so into the analysis posting charts..was actually trying to predict where the market goes..got killed slowly

trade where price is going not where u think its going, trading where u think its going simply means yur jumping the gun and acting no signal(gambling)

u just gotta trust what u see...not easy when u where glasses but its all u can do

Hey Nav, you got over the first hurdle then, cool.

Only another 20 or so hurdles to go then your rich
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,854
  • Jul 9, 2009 1:05pm Jul 9, 2009 1:05pm
Quoting nAVIN2007
absolutely agree in my early day in here i was so into the analysis posting charts..was actually trying to predict where the market goes..got killed slowly

trade where price is going not where u think its going, trading where u think its going simply means yur jumping the gun and acting no signal(gambling)

u just gotta trust what u see...not easy when u where glasses but its all u can do

You've got to trust what you see, but if it's going up, you don't want to risk buying at the top, so you've got to buy on a pull back and accept the risk of that pull back actually continuing to drop.

Can we all say ARRRGGGHHHHHHHHHH!!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,855
  • Jul 9, 2009 1:06pm Jul 9, 2009 1:06pm
Quoting Geppyg
I respect your call mate....i mean there is no words to it at alll

My full equity at stake now on my trade......

Stop loss has been moved to 1.7100..

Am not gonna be forex factorying or trading any more till my positions are realised.........

What a beautiful call
Respect sir
thank you for yur kind words but honestly NEVER EVER think u know what this market will do..never place everything one trade..u have to be smart with mm as its all probabilities and anyting can happen..

trade smart my friend..i do see 1.6550 (need bullish formation) then possibly 1.70 as a close for this month but nothing is set in stone
  • #144,856
  • Jul 9, 2009 1:07pm Jul 9, 2009 1:07pm
Quoting nAVIN2007
absolutely agree in my early day in here i was so into the analysis posting charts..was actually trying to predict where the market goes..got killed slowly

trade where price is going not where u think its going, trading where u think its going simply means yur jumping the gun and acting no signal(gambling)

u just gotta trust what u see...not easy when u where glasses but its all u can do

Navin, Well based on what we have both said, price is now going north in the near term, thats where price is going and nothing suggests anything different!


So I would say look to buy a dip, some point after the daily candle closes the way it is (assuming it does'nt turn into a hammer)

Right now that whole short view from Monday till yesterday can be thrown out, cause now we are going north, until further notice!
  • #144,857
  • Jul 9, 2009 1:09pm Jul 9, 2009 1:09pm
Quoting Turveyd
Don't worry its easy to get your money back after days like this, I find the best method is to log onto the brokers site and enter your credit card details and hey presto it never happened!!


* warning your credit card bill may increase!!
Just show him your system.(the KISS one)

I`ve been using it for a month now and it`s the best system for me...

Even in the worse days you get some pips... all you need to do is keep your greed in check and take a few pips at a time. Max loss i got using this in a day was like 20 pips... max win aprox. 150 pips.

So thank you man for sharing!

Green pips!
  • #144,858
  • Jul 9, 2009 1:10pm Jul 9, 2009 1:10pm
Quoting Turveyd
You've got to trust what you see, but if it's going up, you don't want to risk buying at the top, so you've got to buy on a pull back and accept the risk of that pull back actually continuing to drop.

Can we all say ARRRGGGHHHHHHHHHH!!!!
yes it can be a bitch but hard work does pay out...eventually, keep at it D its worth the pain
  • #144,859
  • Jul 9, 2009 1:15pm Jul 9, 2009 1:15pm
Quoting alexandru987
Just show him your system.(the KISS one)

I`ve been using it for a month now and it`s the best system for me...

Even in the worse days you get some pips... all you need to do is keep your greed in check and take a few pips at a time. Max loss i got using this in a day was like 20 pips... max win aprox. 150 pips.

So thank you man for sharing!

Green pips!

Really definately Mine not the thread starter ???

Really Really, I gave up on that system awhile ago, although it worked it didn't suite how I trade so I've got a new 1 that wipes that 1 easy

Try it with these SMA's M1 20SMA Smoothed and 100 SMA Smoothed, those Smoothed SMA's out perform my previous SMA's hugely.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,860
  • Jul 9, 2009 1:17pm Jul 9, 2009 1:17pm
Quoting nAVIN2007
yes it can be a bitch but hard work does pay out...eventually, keep at it D its worth the pain

No retreat no surrender dude, operation " the big push " is still on, with @2months to start taking a wage outta this and no new work appearing as yet to extend this deadline.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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