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Cable Update (GBPUSD)

  • #155,521
  • Aug 6, 2009 1:45am Aug 6, 2009 1:45am
Quoting albchr
Good MAE Everyone...
I bet I know the position you have right now!
Just digging in the trenches like everyone else!
  • #155,522
  • Aug 6, 2009 1:46am Aug 6, 2009 1:46am
Quoting eohater
I agree!

Now, as to business, I believe a turning point has been started as well. I still have shorts from 7035, 7022, 7000 (just added the 7000) I've played short on her all day and she's paid me just fine. My price does blend so my blended price is 7013. I've not played long on her because I have a long position in another account at 6700 covered at +100 (Only 1 soldier left marching). We made a nice new high going into the US session, but we were not able to take it out in the 2nd half of the US session.

Many green pips to you!
Short on rallies is the most logical thing to do?
Great Bodies are Engineered not Born
  • #155,523
  • Aug 6, 2009 1:49am Aug 6, 2009 1:49am
Quoting eohater
I bet I know the position you have right now!

LOL...vertical..at last. Just woke up...

Very unusual for me. But it looks like I've missed some killer ranging over the past few hours.
Ghost Rider - WWTBMD?
  • #155,524
  • Aug 6, 2009 1:55am Aug 6, 2009 1:55am
Quoting albchr
LOL...vertical..at last. Just woke up...

Morning folks
Like EO mentioned already i think it was yesterday..62 may come into play today
  • #155,525
  • Aug 6, 2009 1:57am Aug 6, 2009 1:57am
Quoting nAVIN2007
Morning folks
Hey buddy!
Ghost Rider - WWTBMD?
  • #155,526
  • Aug 6, 2009 2:05am Aug 6, 2009 2:05am
Helloo everyone out there...
  • #155,527
  • Aug 6, 2009 2:07am Aug 6, 2009 2:07am
Moin, Moin
  • #155,528
  • Aug 6, 2009 2:08am Aug 6, 2009 2:08am
Quoting nAVIN2007
Morning folks
Like EO mentioned already i think it was yesterday..62 may come into play today
Morning Navin, by 62 you mean....? Sorry haven't been following the thread religiously.
  • #155,529
  • Aug 6, 2009 2:13am Aug 6, 2009 2:13am
Morning all,

I too am short as of 1.7031 and looking for a retrace back to the 1.6820 zone. I have just uploaded my video review of the trade I did yesterday. Please take a look / comment & rate it.

Inserted Video


I upload reviews daily so please subscribe to my channel to receive updates.

Cheers WG
  • #155,530
  • Aug 6, 2009 2:14am Aug 6, 2009 2:14am
Quoting RichLadyFX
Short on rallies is the most logical thing to do?
To me it is. We're still in a range of 7016-6970. When price breaks, then the trend traders will push price further. I can still see an opportunity for us to visit 708x area, but for now, I'm bearish, we are making lower highs, but were also making higher lows as of late so we're converging for a break out. Should price break north, I'll get on that bus, but not look for a short until my h4 shows me the opportunity along with PA on the h1/m15.

I'm having internet connection issues right now, so sorry if this is my last post for now. I'll be back on in the US Session.

Trade well!
Just digging in the trenches like everyone else!
  • #155,531
  • Aug 6, 2009 2:15am Aug 6, 2009 2:15am
Quoting RichLadyFX
Short on rallies is the most logical thing to do?
Buy on dips is also good strategy now.
Because the market is ranging...
  • #155,532
  • Aug 6, 2009 2:18am Aug 6, 2009 2:18am
Quoting stewrigh
Eo I am calling this BS.

Has anyone ever seen Eo place a call before he makes a trade - I've looked and can't find one.

Now I could be wrong but just wanted to share my thoughts.

.....

MANY times. and yes you are WRONG...Back off Stew...

Just because you don't agree with, or can't understand playing BOTH ways in this market, doesn't give you the right to mindlessly bash those who do!!

You've done it to me as well and I'm pretty sick of it by now.
Ghost Rider - WWTBMD?
  • #155,533
  • Aug 6, 2009 2:19am Aug 6, 2009 2:19am
Quoting Ipips
Morning Navin, by 62 you mean....? Sorry haven't been following the thread religiously.
62ema on 1hr..
  • #155,534
  • Aug 6, 2009 2:20am Aug 6, 2009 2:20am
Quoting stewrigh
Now I know we are supposed to respect each other but there are two things I hate about FF - one is the guys that ask dumb questions about whether to go long or short and the other is all the BS posts.

Eo I am calling this BS.

You claim that you have a long from 67 and shorts from 7035.

7035 was the absolute top yesterday and you got it - WOW....

I think you are a hindsight trader, if you trade at all, and ppl who read this please take note.

Has anyone ever seen Eo place a call before he makes a trade - I've looked and can't find one....
I should let EO respond to this, but I can't let this go.

EO is in a whole different category to those to whom you compare him, who claim they have made trades and made a gazillion pips. So why is EO different?

1/ He posts up his losing trades, and he's not afraid to admit he gets it wrong from time to time. How many hindsight traders do you know that do that?

2/ He posts up his analysis of why he entered, why he exited. Most of our bullshit category traders don't do this. When asked, you usually get a BS resposne along the lines of, trust me I know, or my system tells me, or some other cryptic BS.

3/ Bear in mind, EO's strategy is a scalping one, so there will be targets to trade off, based on s/r, but they won't be called well in advance, due to the timeframe he works off.

4/ He's already responded to any PM's asking him to explain his entry.

5/ He's started his own thread and explained his system, and has helped other traders to be profitable.

6/ He got the top of the range cos he got lucky this one time perhaps? And well, somebody had to get it

7/ He's just a good trader, period, and good traders make the rest of us look slow and cumbersome.
  • #155,535
  • Aug 6, 2009 2:20am Aug 6, 2009 2:20am
Quoting nAVIN2007
62ema on 1hr..
Thanks mate!
  • #155,536
  • Aug 6, 2009 2:21am Aug 6, 2009 2:21am
Quoting stewrigh
Now I know we are supposed to respect each other but there are two things I hate about FF - one is the guys that ask dumb questions about whether to go long or short and the other is all the BS posts.

Eo I am calling this BS.

You claim that you have a long from 67 and shorts from 7035.

7035 was the absolute top yesterday and you got it - WOW....

I think you are a hindsight trader, if you trade at all, and ppl who read this please take note.

Has anyone ever seen Eo place a call before he makes a trade - I've looked and can't find one....
WOW! I'm disturbed by your post. I've called and always do call trades in my thread constantly thus why I have almost 10K posts. Not only do I call trades, then I continue to talk about what I see in my trade and what the candles are telling me. I've shown all my setups in my thread that I trade, I even post when I get an ass waxing in a trade.

So, I guess things have not changed in this thread and that's sad. Please consider this my last post again in this thread.
Just digging in the trenches like everyone else!
  • #155,537
  • Aug 6, 2009 2:24am Aug 6, 2009 2:24am
Quoting daffy
7/ He's just a good trader, period, and good traders make the rest of us look slow and cumbersome.

..........
Ghost Rider - WWTBMD?
  • #155,538
  • Aug 6, 2009 2:24am Aug 6, 2009 2:24am
This is not nice, stew. EO, it is your choice but personally, I do hope that you continue with your posts. Many I'm sure have benefited from your analysis.
  • #155,539
  • Aug 6, 2009 2:27am Aug 6, 2009 2:27am
Quoting eohater
WOW! I'm disturbed by your post. I've called and always do call trades in my thread constantly thus why I have almost 10K posts. Not only do I call trades, then I continue to talk about what I see in my trade and what the candles are telling me. I've shown all my setups in my thread that I trade, I even post when I get an ass waxing in a trade.

So, I guess things have not changed in this thread and that's sad. Please consider this my last post again in this thread.

Don't be offended by this chump EO. He's been doing nothing but screaming the TREND IS UP all the time. Yet when Price is moving down, and folks are raking in pips, he's nowhere to be found.

Anyway, on to raking in pips in BOTH directions.
Ghost Rider - WWTBMD?
  • #155,540
  • Aug 6, 2009 2:28am Aug 6, 2009 2:28am
Ok...guys it's ONLY LDN open now...please save this for late NY when we get bored and have more time...(Asian session is even better...lol..then I'm asleep)
now time to focus on market!

Happy Trading Everyone...
Hear the music before the song is over ...
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