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Cable Update (GBPUSD)

  • #155,461
  • Aug 5, 2009 8:32pm Aug 5, 2009 8:32pm
yngwei,
no matter what is being said, i still think you're sharp. lethal even. what your call today? need some sight beyond sight.
  • #155,462
  • Aug 5, 2009 8:33pm Aug 5, 2009 8:33pm
hi guys, my view today It is more likely to go up to around 1.7050 or even 1.71. Look more further later at 2PM GMT8
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #155,463
  • Aug 5, 2009 8:33pm Aug 5, 2009 8:33pm
There was a nice number came out for the Aussie. Cable will test that high now. Lets see how strong that level is.
  • #155,464
  • Aug 5, 2009 8:36pm Aug 5, 2009 8:36pm
Quoting urutu
yngwei,
no matter what is being said, i still think you're sharp. lethal even. what your call today? need some sight beyond sight.
be cool. we just a newbie here.. not our playground. Just follow their rule.. LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #155,465
  • Aug 5, 2009 8:40pm Aug 5, 2009 8:40pm
Yeah, Ive found being in this forum just confuses people.

If one just trades with the trend on the daily then, all of this hog wash and noise can be left alone!!
  • #155,466
  • Aug 5, 2009 8:41pm Aug 5, 2009 8:41pm
Quoting Yngwie
be cool. we just a newbie here.. not our playground. Just follow their rule.. LoL!
noticed your long call yesterday. it is heading to the direction. only the swing is few pips bigger than your sl.
  • #155,467
  • Aug 5, 2009 8:45pm Aug 5, 2009 8:45pm
Is just a platform for a few "multi v" members to declare their "professional" viewpoints and opinions. Nothing really useful comes out of it. Its just some people saying its gonna go down and some saying its gonna go up.

Now really, how can that help you, but distract you from your game plan and system.
  • #155,468
  • Aug 5, 2009 8:51pm Aug 5, 2009 8:51pm
i'm just an infant or perhaps an embryo in this. having the same view with the pros but at smaller target, gives a bit of comfort.
  • #155,469
  • Aug 5, 2009 8:57pm Aug 5, 2009 8:57pm
Quoting urutu
noticed your long call yesterday. it is heading to the direction. only the swing is few pips bigger than your sl.
yes.. got +95pips then loss -40pips for 2nd trade due to news spike. just a few pips touch my SL and rise up again. Luckily my GJ trade safe from that spike. actually i'm on long position now. But better i'm not post here. Not really convincing me actually. LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #155,470
  • Aug 5, 2009 8:57pm Aug 5, 2009 8:57pm
Hi Alex,
You know, it takes a lot of patience to trade this pair and new traders should stay away from it. That is what I was told from the gitgo. If you don't have the patience to wait on the move, it does you no good. But they trade it anyway and get frustrated. So what you gonna do...LOL

Ne

Quoting alex1976
Yeah, Ive found being in this forum just confuses people.

If one just trades with the trend on the daily then, all of this hog wash and noise can be left alone!!
  • #155,471
  • Aug 5, 2009 9:01pm Aug 5, 2009 9:01pm
close below 7015,short till 6910
  • #155,472
  • Aug 5, 2009 9:01pm Aug 5, 2009 9:01pm
The only reason people come in here and post and read, is to look for assurance from others or look for direction based on what the "big dogs" are saying in here. Eventually you find yourself scrolling through tons of posts trying to decipher the next "BIG MOVE" LOL

The only thing a trader should be watching or listening to, or the closest thing to the holy grail is PRICE.

I'm convinced now that's all you need, on one time frame, the daily.


forget all the squiggly lined price charts with MAs all over it and divergence etc.

Its all BULL!

Excuse the pun!

Im going it alone from here on in, and Price is gonna be my only Friend from now in my forex endevours.

Good luck to All
  • #155,473
  • Aug 5, 2009 9:10pm Aug 5, 2009 9:10pm
Quoting Nene
Hi Alex,
You know, it takes a lot of patience to trade this pair and new traders should stay away from it. That is what I was told from the gitgo. If you don't have the patience to wait on the move, it does you no good. But they trade it anyway and get frustrated. So what you gonna do...LOL

Ne

Nene, Ive been watching the cable for three years straight, and I know when the big move kicks in. At 3 am my time every morning (im est time zone)

So unless the coffee kicks in, I fall alseep, and wake up when the us is slowing down (at around 11am or 12pm)



If I didnt have any patience I would have given up a long time ago.

Yes Im frustrated, very frustrated cause I cant stay up all night and I find myself watching the charts from 12pm to 1 am with not much to look at.

I get pissed so i take random nonsense trades, ignoring my system cause I cant apply it during the slow times, it only works for the big uk move.

I may just migrate to uk and bank for a while. Im britsh anyway, just dont live there at the moment.

Im a beleiver, so i keep going.

My problem isnt my knowledge of the cable, its my discipline to follow my plan day in and day out.

Anyhow i will make the changes.

Trend is your Friend!
  • #155,474
  • Edited 9:48pm Aug 5, 2009 9:13pm | Edited 9:48pm
4hr chart Bull Have no ball to close above Weekly R2
For now...
Attached Image (click to enlarge)
Click to Enlarge Name: b.gif Size: 24 KB
  • #155,475
  • Aug 5, 2009 9:30pm Aug 5, 2009 9:30pm
If you can get away with trading the Daily then that is the way to go. The fact is, all those lagging indys do you absolutely no good on the smaller timeframes. I see someone using all those indys on a 15 min chart and I want to tell them they are waisting their time. But, I just get nasty remarks back. They will learn. The Dailys are more forgiving and if you can afford 100 - 300 pips stops then go for it. Hell, use a Micro account if for anything else it gets you into the Daily.

Ne


Quoting alex1976
The only reason people come in here and post and read, is to look for assurance from others or look for direction based on what the "big dogs" are saying in here. Eventually you find yourself scrolling through tons of posts trying to decipher the next "BIG MOVE" LOL

The only thing a trader should be watching or listening to, or the closest thing to the holy grail is PRICE.

I'm convinced now that's all you need, on one time frame, the daily.


forget all the squiggly lined price charts with MAs all over it and divergence etc....
  • #155,476
  • Aug 5, 2009 9:36pm Aug 5, 2009 9:36pm
Inserted Video
Great Bodies are Engineered not Born
  • #155,477
  • Aug 5, 2009 9:41pm Aug 5, 2009 9:41pm
Quoting Nene
If you can get away with trading the Daily then that is the way to go. The fact is, all those lagging indys do you absolutely no good on the smaller timeframes. I see someone using all those indys on a 15 min chart and I want to tell them they are waisting their time. But, I just get nasty remarks back. They will learn. The Dailys are more forgiving and if you can afford 100 - 300 pips stops then go for it. Hell, use a Micro account if for anything else it gets you into the Daily.

Ne

Yes Nene, with 100 to 300 pip stop loss, daily price chart can work.

I may just open a micro and start like that, cause right now my capital in my mini account is not enough to handle 100 pip stop loss.
  • #155,478
  • Aug 5, 2009 9:44pm Aug 5, 2009 9:44pm
Quoting alex1976
Yes Nene, with 100 to 300 pip stop loss, daily price chart can work.

I may just open a micro and start like that, cause right now my capital in my mini account is not enough to handle 100 pip stop loss.

I think it was even Bruce Kovnor that said he only uses daily and 4hr!

I see why now.
  • #155,479
  • Aug 5, 2009 9:50pm Aug 5, 2009 9:50pm
Quoting alex1976
Im going it alone from here on in, and Price is gonna be my only Friend from now in my forex endevours.
LOL good choice! There are no "big dogs" in here. This is just a fun place to hang out and kill boredom. Most people in here are on demo, or have a day job, so they can make riskier calls, because they're having fun trading, not doing actual business.

If you rely on an indicator, you're screwed because markets change and systems aren't perfect, and if you rely on calls in a forum, you'd be better off flushing your money down the toilet. It's quicker and less stressful.

No trader worth his salt is going to tell you the trades he's taking or technique he uses. He earned the right to make that money by sweat and blood and isn't going to just give away his knowlege. Besides, it is so nuanced with so many exclusions to the rules that it would take a long time to teach someone anyway. It takes years to know how to recognize pattern failures, nevermind the patterns themselves.

You will get there with time and dedication.

Best of luck with your trades Alex!
  • #155,480
  • Aug 5, 2009 10:00pm Aug 5, 2009 10:00pm
Quoting Yngwie
hi guys, my view today It is more likely to go up to around 1.7050 or even 1.71. Look more further later at 2PM GMT8
Still bias to bullish. It is more likely to go up to around 1.7050 or even 1.71, BUT before it goes up, it might have potentially to go down first to around 1.690.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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