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Cable Update (GBPUSD)

  • #157,761
  • Aug 13, 2009 11:34am Aug 13, 2009 11:34am
Quoting Geppyg
Bob....the thing about Malcomb is he posts his charts and analysis to say why he think cable is going to a certain point now instead of blowing his mortgage of and all sorts...Just post your controversy in the form of a chart to explain why cable would not got to 1.6100..
I said, that it would not go that low by 19th August. There's too much support sitting at around 1.6500 / 1.6550. And the H&S is already in motion, but no, i was wrong, I don't know how to pick out H&S's. Ok, what ever.

Quoting Geppyg

have a beer out of the fortune you have earned and chill out man...

Geppy G
I don't think it's me that needs to chill out, it's these big heads who pay for such services to get extra advice cos they don't know what's going on themselves in the market, and now they have these services all of a sudden they're experts - which gives them insulting rights. K, what ever.

I don't take kind to insults.
PM Me If You Need Help!
  • #157,762
  • Aug 13, 2009 11:37am Aug 13, 2009 11:37am
Quoting skerdi-meta
I know that if I close my short now, the pound will fall like a stone. It's just waiting 4 me to get out
For when the bullish ?? !!
If you resist at heart attack, you will be rich from trading.
  • #157,763
  • Aug 13, 2009 11:38am Aug 13, 2009 11:38am
Quoting skerdi-meta
I know that if I close my short now, the pound will fall like a stone. It's just waiting 4 me to get out
Got the same feeling. I'm holding. Will let my SL (god forbid) did it for me.

Chill guys!
Great Bodies are Engineered not Born
  • #157,764
  • Aug 13, 2009 11:40am Aug 13, 2009 11:40am
I'm very interested by bullish. Your post was from 19 august? Difficult to find since we are only the 13 of august? Could you put the link if sure you mistake the date? Did i mis understood then?
If you resist at heart attack, you will be rich from trading.
  • #157,765
  • Aug 13, 2009 11:40am Aug 13, 2009 11:40am
Quoting BobHall
I don't take kind to insults.
It's kindly - adverb

Now you know you are as imperfect as the rest, ease up on the lesser mortals eh ?
  • #157,766
  • Aug 13, 2009 11:45am Aug 13, 2009 11:45am
ok ok...here is whats gonna happen
since my bullshit indicator made an all time high this time.

Nene-the flag bearer - not posting for some time after trying to come up with something that IS JUST NOT THERE.

Now we have Bobby boy the shampoo advertiser who is heavily short on cable on his demo account. I think you already know what the outcome is going to be.

on and Bob, dont bother responding I wont be able to see it anyway
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #157,767
  • Aug 13, 2009 11:47am Aug 13, 2009 11:47am
Quoting wormboy
hey matt, can you please not quote this tosser?
but since I've had read that quote you put up I might as well response to this :
"What is it with these people on this forum, low minded or what, I've never seen so much naivety anywhere. They think they're above the rest."

Go back a few pages and read again what you wrote punk. Can't tell a difference of a basic formation yet you were bragging about how much you can make a day yada yada yada. Everyone read what you wrote you muppet, you've shown how disrespectful you can be, go on then,...
Ok, really sorry here.

I never meant to disrespect anyone here!!!

My yesterday post was to point out that his SL was Exacly at my target, so to alarm him about possibility to be taken out ( that wasen't trying to help noooo for sure... look at price today).

I brag about profit as anyone can be happy about those, and never said people were dumb or anything for that....
I'm far from rich, and lose sometimes as others...

I even when over you thread, saying good days would be back, and went back to say i was happy you were back on track....


Really, you take me on the bad side Azim, and i'm really sorry if I offend any one exept mister Bob!...

Well, thx for that, at least i know what you think of me now.... its all good, and have a good one.
  • #157,768
  • Aug 13, 2009 11:49am Aug 13, 2009 11:49am
All I can say is, show me how to trade like that! What's your method? Scalp, swing, long term...
  • #157,769
  • Aug 13, 2009 11:58am Aug 13, 2009 11:58am
wish the 4h closed right now, there's a couple of nice pins on the 4h, any1 sees them?
  • #157,770
  • Aug 13, 2009 12:07pm Aug 13, 2009 12:07pm
OK, Bod, its all good!
Let's talk about trading now.

Any target, chart?!

----------------------------

I expect that thing to retest 1.671X before any drop since it the last top of bucket ( zeroline) on 4h, a level were all SL and all weak olders order will be ruins. A large last move before next death around 1.60 and maby more.

Dow range under 38.2% fibs, and i doubt about a rocket fly from him.

Let's seeeeee, i can be wrong!
  • #157,771
  • Aug 13, 2009 12:10pm Aug 13, 2009 12:10pm
Descending wedge on 5 mn chart. hey guys, wake up lol
If you resist at heart attack, you will be rich from trading.
  • #157,772
  • Aug 13, 2009 12:16pm Aug 13, 2009 12:16pm
Quoting Inzider
OK, Bod, its all good!
Let's talk about trading now.

Any target
Your assessment for 1.67 retest is plausible. I've been long since 23.6% from 5th Aug high, to 12th August Low. Interim target is 50%, then low 1.68, raising SL's as it climbs. Will bust a move on the shorts if any signs of rejection at 38.2%/50%. (all via 4hr).

Daily suggests a pullback to the upside. Two Doji's formed at the BOTTOM of the trend, confirmation is in process, wont find out for another 3 1/2 hours for today's candle to close (my broker is +7hrs from EST, +2GMT). At this rate, I could guess that the confirmation is firm since there's not many hours to go before the daily candle closes.

And tomorrow will tell the tale.
PM Me If You Need Help!
  • #157,773
  • Aug 13, 2009 12:19pm Aug 13, 2009 12:19pm
Quoting allserene
Seconded. the nice thing about forex is that differences of opinion as to direction get settled by the market which allocates immediate fines and bonuses

Also I am not too happy about these secret ignore lists that groups of members are having fun with. It smacks of 13 year old girls in the schoolyard singling out victims to be secretly 'shunned'. Even worse, I might be on it !

So let's have fun and try make some dosh and we will be rewarded/punished in a 100% appropriate way by the market without any human intervention required

After...
Some fair comments, Alan.

I agree with your point re the "ignore" button, as it does actually smack a bit of a playground clique. Granted, I've been more guilty than most on this joke.

I never state whether someone is right or wrong, should they post a trade call and some analysis. As you rightly say, let the market judge accordingly with its ruthless efficiency.

However, as there are a lot of new traders on here, I do have a problem with B/S posts (which you and I can spot from a mile off) that talk of a constant stream of riches from forex but no losses, or mention retrospectively the 500pips they have won this morning, or some super-system with a 98.8% success rate..... These sorts of posters deserved to be pulled up accordingly, followed by lifetime entry to my, now secret, ignore list.

This is a tough, tough game, meaning things will invariably get heated from time to time. Big deal. For instance, I have had heated debates with Malcolmb over the past couple of weeks, where we have disagreed on fundamentals and issues surrounding the market structure. However, I still respect him as a trader and don't take anything personal from our exchanges. If I see something that I strongly disagree with on this thread, then I shall vigorously defend my point of view.

Anyway, how is your equity investing going? I have today trimmed my equity exposure to 25% of my portfolio, with the remainder held in cash and liquid government-backed bonds issued by UK banks, which are paying bugger-all in interest and coupons. The first signs of a rollover in the S&P500 (which, hopefully, comes soon!), I hope to be agile and hedge the remainder by aggressively selling FTSE futures. The resilience (in equities and Cable) following today's retail sales number has surprised me greatly, though.

Paul
  • #157,774
  • Aug 13, 2009 12:22pm Aug 13, 2009 12:22pm
Quoting BobHall
you dont even know what a head & shoulders is
Most of the time I don't know a head and shoulders from a short back and sides - or a canelloni from a 'can aye lager' - but I made $228k in the March to May period by fluke

I am trying to do it again and I dont care what anyone else makes or looses and whether they were right or wrong. If I rate someone's opinions, I coat tail them for a while until they get caught like the rest - if I don't rate their ideas then there is no need to say anything

Hope Bob doesn't own a gun
  • #157,775
  • Aug 13, 2009 12:37pm Aug 13, 2009 12:37pm
Quoting allserene
agreed - but is there a job at hand ? - its just stuck

think i will have a biscuit and do some macros on my spreadsheets
There was 20 pips from my alert of descending wedge! lol
If you resist at heart attack, you will be rich from trading.
  • #157,776
  • Aug 13, 2009 12:39pm Aug 13, 2009 12:39pm
1. http://www.forexfactory.com/showpost...stcount=157646
2. http://www.forexfactory.com/showpost...stcount=157654
3. http://www.forexfactory.com/showpost...stcount=157661
4. http://www.forexfactory.com/showpost...stcount=157665
5. http://www.forexfactory.com/showpost...stcount=157668
6. http://www.forexfactory.com/showpost...stcount=157675
7. http://www.forexfactory.com/showpost...stcount=157678
8. http://www.forexfactory.com/showpost...stcount=157687

sorry alan. you quoted him. that'll be the end of it from me, I won't response anymore.
Thank You
  • #157,777
  • Aug 13, 2009 12:42pm Aug 13, 2009 12:42pm
Quoting BobHall
Your assessment for 1.67 retest is plausible. I've been long since 23.6% from 5th Aug high, to 12th August Low. Interim target is 50%, then low 1.68, raising SL's as it climbs. Will bust a move on the shorts if any signs of rejection at 38.2%/50%. (all via 4hr).

Daily suggests a pullback to the upside. Two Doji's formed at the BOTTOM of the trend, confirmation is in process, wont find out for another 3 1/2 hours for today's candle to close (my broker is +7hrs from EST, +2GMT). At this rate, I could guess that the confirmation is firm since...
I'm on a willing to get blind.
Just keep them calm down part then.
Who am i to tell you what to do, but you know..

I like your analysis let's see how fibs level react.
Daily talks for itself yeah, it's no doubt.
Keep on good post!
Hehe!
  • #157,778
  • Aug 13, 2009 12:47pm Aug 13, 2009 12:47pm
Quoting Inzider
I'm on a willing to get blind.
Just keep them calm down part then.
Who am i to tell you what to do, but you know..

I like your analysis.
Keep on good post!
hehe!
now you see ... this part I can't figure out. He's long cable, I'm long cable! How the hell he ends up thinking I'm shorting is beyond me.
Thank You
  • #157,779
  • Aug 13, 2009 12:48pm Aug 13, 2009 12:48pm
Quoting BobHall
Your assessment for 1.67 retest is plausible. I've been long since 23.6% from 5th Aug high, to 12th August Low. Interim target is 50%, then low 1.68, raising SL's as it climbs. Will bust a move on the shorts if any signs of rejection at 38.2%/50%. (all via 4hr).

Daily suggests a pullback to the upside. Two Doji's formed at the BOTTOM of the trend, confirmation is in process, wont find out for another 3 1/2 hours for today's candle to close (my broker is +7hrs from EST, +2GMT). At this rate, I could guess that the confirmation is firm since there's...

daily ... 2 dojis .. then a spinning top doji trying to push up p[ast 1.6600 .. no making it so far , got an upthrust on 3 hour that got hammered with sellers.

I still remain bear on this one as long as daily remains under 1.6800. Target 1.4000 ... December this year

btw I am mostly a day trader FYI. Today hit GJ lovely 160 , then 159.20 , then 158.80 , all 10 lot trades.
Blogging daily now at www.volume.zone
  • #157,780
  • Aug 13, 2009 12:48pm Aug 13, 2009 12:48pm
Quoting wormboy
1. http://www.forexfactory.com/showpost...stcount=157646
2. http://www.forexfactory.com/showpost...stcount=157654
3. http://www.forexfactory.com/showpost...stcount=157661
4. http://www.forexfactory.com/showpost...stcount=157665
5. http://www.forexfactory.com/showpost...stcount=157668
6. http://www.forexfactory.com/showpost...stcount=157675
7. http://www.forexfactory.com/showpost...stcount=157678
8....

nice one bro.
You've got to be IN IT to WIN IT!
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