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Cable Update (GBPUSD)

  • #157,841
  • Aug 13, 2009 7:13pm Aug 13, 2009 7:13pm
Quoting Magix
As a fib guy, I work mostly around support and resistance ranges, though I can agree with your 4 hr forecast, it is IMO lacking when you consider the daily chart. As of current, I am short, and will be continuing a short trace until I see reason not to.

Just me, adding to the convo.

Magix,

I don't disagree at all and my bias may be short. But I do not reflect what is on my daily chart on my 4 hour, I use them all. BTW...I made no forecast with that chart...I react, not predict.
Zone Breakout Method
  • #157,842
  • Aug 13, 2009 7:19pm Aug 13, 2009 7:19pm
Quoting BobHall
Not wrong. Break of the neck line? What you call the neck, top of the shoulder? It's already broken the shoulder, this is the way I have traded H&S's for years, I guess that's what separates me from many traders knocking out over 5,000 pips a month, since I know what I'm doing. Ok, you go with your shorts and I'll see you at the bank cashing my 100k check for the week while you ask for a loan.
This was a inflammatory post laced with egotism
  • #157,843
  • Aug 13, 2009 7:20pm Aug 13, 2009 7:20pm
Quoting PowerTrader
Magix,
BTW...I made no forecast with that chart...I react, not predict.
Keep studying your charts, one day you will be able.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,844
  • Aug 13, 2009 7:23pm Aug 13, 2009 7:23pm
Quoting Magix
Keep studying your charts, one day you will be able.


Magix,


Thanks but no thanks. I will continue to trade what happens live. I will leave the predicting for the rest of you. For me there is nothing like taking a trade when actual prices crosses a trend line that has held for several days or a crucial fibonacci area. What could be better?
Zone Breakout Method
  • #157,845
  • Aug 13, 2009 7:24pm Aug 13, 2009 7:24pm
Might be able to...but does not really matter if you know what I mean An astrologer has better uses for predictions and they mostly die poor as I am told

Quoting Magix
Keep studying your charts, one day you will be able.

Its all in the mind.
  • #157,846
  • Aug 13, 2009 7:26pm Aug 13, 2009 7:26pm
Quoting PowerTrader
Magix,


Thanks but no thanks. I will continue to trade what happens live. I will leave the predicting for the rest of you. For me there is nothing like taking a trade when actual prices crosses a trend line that has held for several days or a crucial fibonacci area. What could be better?

Buwahahahahahha.

Go with God brother.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,847
  • Aug 13, 2009 7:29pm Aug 13, 2009 7:29pm
MMM okay convincingly wants to go north for the time being my loss is 16 pips.
Wait for the next move now...
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 19 KB
  • #157,848
  • Aug 13, 2009 7:29pm Aug 13, 2009 7:29pm
Quoting Magix
Buwahahahahahha.

Go with God brother.
Thanks all, I always enjoy a good friendly exchange of ideas. Have a great evening and good trading.
Zone Breakout Method
  • #157,849
  • Aug 13, 2009 7:31pm Aug 13, 2009 7:31pm
Pivot points are cool- but I always give them 2-3 hours into the asian session BEFORE I jump in fray. In this case your triggered a trade when it was just hugging the PP.



Quoting trj6911
MMM okay convincingly wants to go north for the time being my loss is 16 pips.
Wait for the next move now...
Its all in the mind.
  • #157,850
  • Aug 13, 2009 7:32pm Aug 13, 2009 7:32pm
When will my TIME come for GOOD PROFITABLE TRADING
  • #157,851
  • Aug 13, 2009 7:33pm Aug 13, 2009 7:33pm
Quoting trj6911
MMM okay convincingly wants to go north for the time being my loss is 16 pips.
Wait for the next move now...
Always darkest before the light mango. You prolly not wrong in your forecast, but your timing might be just a little off.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,852
  • Aug 13, 2009 7:37pm Aug 13, 2009 7:37pm
Quoting ssaqeel
When will my TIME come for GOOD PROFITABLE TRADING
As soon as your patience improves. As long as you are not buying tops and selling bottoms, you might just have to wait a while to go green. Don't over extend on your margin and you will most likely be fine.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,853
  • Aug 13, 2009 7:43pm Aug 13, 2009 7:43pm
Quoting 5abi
Pivot points are cool- but I always give them 2-3 hours into the asian session BEFORE I jump in fray. In this case your triggered a trade when it was just hugging the PP.
Cheers im trying and using say PPX for a R or S and basing my stops with in a tighter range so my losses are tiny usually under 20 pips for example i had buy limit on PPX on EUR/USD it got triggered with pin point perfection and i have a T of R1 bout 50 pips thats my trading style and i appreciate your advice ..
I find this time of day is really good to trade as its predictable for a set up for when the big guys get going..apprentice trev..
  • #157,854
  • Aug 13, 2009 7:46pm Aug 13, 2009 7:46pm
trend is up!
  • #157,855
  • Aug 13, 2009 7:51pm Aug 13, 2009 7:51pm
Quoting Magix
As soon as your patience improves. As long as you are not buying tops and selling bottoms, you might just have to wait a while to go green. Don't over extend on your margin and you will most likely be fine.
Don't EVER EVER trade on sideways. Wait for the right setup/trend.
  • #157,856
  • Aug 13, 2009 7:55pm Aug 13, 2009 7:55pm
at this point what set up are we looking for ?
  • #157,857
  • Aug 13, 2009 7:57pm Aug 13, 2009 7:57pm
Thanks Magix and Nitropip
  • #157,858
  • Aug 13, 2009 8:05pm Aug 13, 2009 8:05pm
Quoting alex1976
trend is up!
agree, 1h shows uptrend.
  • #157,859
  • Aug 13, 2009 8:32pm Aug 13, 2009 8:32pm
Quoting trabagwe
at this point what set up are we looking for ?
watch out for reversal, it has a potential to go downtrend.
  • #157,860
  • Aug 13, 2009 9:04pm Aug 13, 2009 9:04pm
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 off and all sorts...Just post your controversy in the form of a chart to explain why cable would not got to 1.6100..

As far as your statment is concearned....
A lot of the traders trade here with similar amounts of money even the least expected...so I dont think you have anything to prove there..I hope your fortune grows but not on the back of someone blowing someone elses fortune...

Have...
.
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