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Cable Update (GBPUSD)

  • #152,561
  • Jul 29, 2009 2:09pm Jul 29, 2009 2:09pm
Quoting wormboy
well ... if you can fix the market and gimme back my trend instead of this damn range it'll be a big help

okay i'm outta here. have a good one bro

Well, Range or Trend pick 1 and stick to it, I had my range head on then all of a sudden it trends and my setups where misses so watched a nice move down like a rabbit in the car head lights

Tough day for some reason, likely the stress of training my mate up with only 1 trade left before her margin call LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,562
  • Jul 29, 2009 3:19pm Jul 29, 2009 3:19pm
Quoting Turveyd
Well, Range or Trend pick 1 and stick to it, I had my range head on then all of a sudden it trends and my setups where misses so watched a nice move down like a rabbit in the car head lights

Tough day for some reason, likely the stress of training my mate up with only 1 trade left before her margin call LOL

is she a soon to be ex mate .... ????? hopefully not training on live account
Blogging daily now at www.volume.zone
  • #152,563
  • Jul 29, 2009 3:22pm Jul 29, 2009 3:22pm
http://www.marketwatch.com/story/vis...ion-2009-07-29

wonder why ........ i know cuase everyone is using their credit cards to survive , basics like food and shelter, and just paying interest ... has NOTHING to do with consumer spending going up !!!
Blogging daily now at www.volume.zone
  • #152,564
  • Jul 29, 2009 3:33pm Jul 29, 2009 3:33pm
Quoting malcolmb14
is she a soon to be ex mate .... ????? hopefully not training on live account
Got to be a GF before she can become a Ex So hopefully 1 day

yeah on live although small $1 per pip, teaching her my system and trading in a team the both have to agree before taking a position, only 1 has to call a exit rule!!

Demo, she wipes the floor of sadly no real use for her.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,565
  • Jul 29, 2009 3:36pm Jul 29, 2009 3:36pm
Quoting malcolmb14
http://www.marketwatch.com/story/vis...ion-2009-07-29

wonder why ........ i know cuase everyone is using their credit cards to survive , basics like food and shelter, and just paying interest ... has NOTHING to do with consumer spending going up !!!

Put all my credit cars / loans on hold payments wise, max economy mode here, even dropping to 1 car, screw them comes to mind, just protecting the mortgage and thats it.

Paying interest and starving isn't a life.

Will resume when trading profits or work well I get any, thats how bad it is!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,566
  • Jul 29, 2009 3:47pm Jul 29, 2009 3:47pm
Quoting Turveyd
Put all my credit cars / loans on hold payments wise, max economy mode here, even dropping to 1 car, screw them comes to mind, just protecting the mortgage and thats it.

Paying interest and starving isn't a life.

Will resume when trading profits or work well I get any, thats how bad it is!!
I was not talking about you .. was just guessing that is why visa profits double . Sorry to hear of your circumstances. Times are tough everywhere. I hope that you can becone succesful at trading and that takes off for you.
Blogging daily now at www.volume.zone
  • #152,567
  • Jul 29, 2009 3:49pm Jul 29, 2009 3:49pm
Quoting malcolmb14
I was not talking about you .. was just guessing that is why visa profits double . Sorry to hear of your circumstances. Times are tough everywhere. I hope that you can becone succesful at trading and that takes off for you.
Your a good man Malc. Keep up the good work on this forum mate.
You've got to be IN IT to WIN IT!
  • #152,568
  • Jul 29, 2009 3:59pm Jul 29, 2009 3:59pm
im long now at 1.6381 with strong 4hr chart. Anyone long to?
GELORE
  • #152,569
  • Jul 29, 2009 4:01pm Jul 29, 2009 4:01pm
Quoting malcolmb14
I was not talking about you .. was just guessing that is why visa profits double . Sorry to hear of your circumstances. Times are tough everywhere. I hope that you can becone succesful at trading and that takes off for you.
Mainly saying thats pretty much what everyone seems to be doing in the UK, everyone already Max'd out, houses are going down so can't remortgage again bad times.

Rest of the world, maybe there on there last line of credit and being forced to drop themselves further into debt cause all there spare cash goes to pay the credit card off, mine sure has hell has been for the last year.

They reduced pretty much everyone credit limit last year, making most peoples cards useless, even the people with 10K limits and £50 on the card and a perfect record to reduce there risk.

Be fine, have to, been working on it for long enough, so confidence is well HIGH and I HAVE TO

Desperation is the key to success
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,570
  • Jul 29, 2009 4:08pm Jul 29, 2009 4:08pm
Quoting Turveyd
Mainly saying thats pretty much what everyone seems to be doing in the UK, everyone already Max'd out, houses are going down so can't remortgage again bad times.

Rest of the world, maybe there on there last line of credit and being forced to drop themselves further into debt cause all there spare cash goes to pay the credit card off, mine sure has hell has been for the last year.

They reduced pretty much everyone credit limit last year, making most peoples cards useless, even the people with 10K limits and £50 on the card and a perfect record...

I am from London .... seen the good times and bad times. The housing market in UK is so volatile. I took loss on house there many moon ago , only for it to be worth treble what i paid for it now.

My sister is one of those that revolves her credits cards to get by .... I am always on at her about it
Blogging daily now at www.volume.zone
  • #152,571
  • Jul 29, 2009 4:18pm Jul 29, 2009 4:18pm
Quoting musani
im long now at 1.6381 with strong 4hr chart. Anyone long to?
No. What's strong about your 4HR chart?
There's always money in the banana stand.
  • #152,572
  • Jul 29, 2009 4:19pm Jul 29, 2009 4:19pm
Quoting musani
im long now at 1.6381 with strong 4hr chart. Anyone long to?
'

I hope it works for you ...

Shanghi markets took a massive hit last night , taking most of Asia down with them.

I am wondering if the pros are going to be buyinginto that weakness or hitting it again today .

all of the selling took place off that 1.6460 level today and i think after seeing that selling the rallies is way to go until the level at which sellers hit GU is breached and price / volume shows us that the sellers are no longer there.

now looking at 2nd chart (60 min) there does seem to be a bullish divergence on the rsx that should play out .. max we go to is 6420 test , BUT note that price does not seem to want to go higher YET .... IF that support gives out GU is destined for 6250 / 6200 test

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Blogging daily now at www.volume.zone
  • #152,573
  • Jul 29, 2009 4:20pm Jul 29, 2009 4:20pm
Quoting malcolmb14
I am from London .... seen the good times and bad times. The housing market in UK is so volatile. I took loss on house there many moon ago , only for it to be worth treble what i paid for it now.

My sister is one of those that revolves her credits cards to get by .... I am always on at her about it

Negative equity here, I knew for a FACT Banks would fail and this would happen 3 - 4 years back, it's happened before and credit had never been let out of control this bad every before basically.

So might aswell join them and have some fun was my attitude and many others I'll add, even my mates which played it straight and had no fun have lost there jobs and at risk of losing there houses regardless.

I Hate london with a passion, rather you than me there!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,574
  • Jul 29, 2009 4:21pm Jul 29, 2009 4:21pm
Quoting Turveyd
Negative equity here, I knew for a FACT Banks would fail and this would happen 3 - 4 years back, it's happened before and credit had never been let out of control this bad every before basically.

So might aswell join them and have some fun was my attitude and many others I'll add, even my mates which played it straight and had no fun have lost there jobs and at risk of losing there houses regardless.

I Hate london with a passion, rather you than me there!!

No i am in Vancouver Canada now . Left the Uk 20 years ago .. could not wait to get out of there
Blogging daily now at www.volume.zone
  • #152,575
  • Jul 29, 2009 4:25pm Jul 29, 2009 4:25pm
Quoting malcolmb14
No i am in Vancouver Canada now . Left the Uk 20 years ago .. could not wait to get out of there

Good lad

I always planned to leave but too many friends and stuff, so thinking 2nd home in South Spain near the mountains and the beach


Got to have a plan, or you'd go mad I say!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,576
  • Jul 29, 2009 4:41pm Jul 29, 2009 4:41pm
Alright all - first time poster but long time watcher. I have to say this is one of the best threads i have been involved in, and my trading has improved massively since participating. Thanks to all your contributions and i look forward to making this my home. Very best of luck to all genuine traders. <WM>
Sleeping boys catch no fish
  • #152,577
  • Jul 29, 2009 4:43pm Jul 29, 2009 4:43pm
Quoting musani
im long now at 1.6381 with strong 4hr chart. Anyone long to?
i'm long 1.6384 and now -25 pips
  • #152,578
  • Jul 29, 2009 4:48pm Jul 29, 2009 4:48pm
Quoting aqassim
i'm long 1.6384 and now -25 pips

The trends kinda hard to read, but it's still down for the main part, but not with my normal certainty at this time.

Don't hold much lower than a break of 1.6350, been bouncing off all day hope it moves up again for you.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,579
  • Jul 29, 2009 4:49pm Jul 29, 2009 4:49pm
Quoting aqassim
i'm long 1.6384 and now -25 pips

i said this is sell rallies day .... here is 15 min

we are under the lower value area of yesterdy. ...http://www.secretsoftraders.com/ValueAreaHelpGuide.htm .. .for how to trade value area

targets 6250 and 6200

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  • #152,580
  • Jul 29, 2009 4:52pm Jul 29, 2009 4:52pm
Quoting malcolmb14
i said this is sell rallies day .... here is 15 min

we are under the lower value area of yesterdy. ...http://www.secretsoftraders.com/ValueAreaHelpGuide.htm .. .for how to trade value area

targets 6250 and 6200

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