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Cable Update (GBPUSD)

  • #166,881
  • Sep 18, 2009 3:10am Sep 18, 2009 3:10am
Quoting gammase1
I think it's the big boys manipulating everything right now, particularly cable. This is one big stop hunt and nothing else, a conspiracy between the big boys and the central banks to hurt the retail traders! There is NO possible reason as to why this pair is falling!!!!!!!!

I went long on my micro account yesterday and have doubled the position on every 20 pip fall. I am now levered up 200 times on my capital, which isn't a problem at all, as my broker luckily allows 500 times leverage. Phew!!! Still got some breathing space to see me through...
UUmh? Conspiracy theory -vs- technicals, well I know which I will go with, to base my trading decisions on, but G/L with it, lol.

As for doubling up on every 20pip fall in a runaway bearish market, well yeh G/L with that as well, good job it's a micro a/c as I'm sure you wouldn't do it in an account of any size based on a conspiracy theory.

Elvis lives.
ex member
  • #166,882
  • Sep 18, 2009 3:10am Sep 18, 2009 3:10am
For those that took last nights warning... nice ride

http://www.forexfactory.com/showpost...stcount=166620

http://www.forexfactory.com/showpost...stcount=166802

BEER PLAN

Cable TP 1.6220

Dragon 148.00
Attached Image(s) (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,883
  • Sep 18, 2009 3:11am Sep 18, 2009 3:11am
Quoting wormboy
Thanks for the kind word nav but don't overate me brother I have many flaws still in my trading. But we're all working on getting things right as I'm sure you are and will

By the way, thank god it's 22 quid bro, it could've been more expensive if it was "primetime" trading. Time to dust yourself off and work a new plan bro

for sure...
  • #166,884
  • Edited 3:25am Sep 18, 2009 3:13am | Edited 3:25am
Quoting bbmac
UUmh? Conspiracy theory -vs- technicals, well I know which I will go with, to base my trading decisions on, but G/L with it, lol.

As for doubling up on every 20pip fall in a runaway bearish market, well yeh G/L with that as well, good job it's a micro a/c as I'm sure you wouldn't do it in an account of any size based on a conspiracy theory.

Elvis lives.
I was being ironic....

I don't believe in conspiracy "big boy" theory BS. Stick to what we can see is happening and nothing more.
  • #166,885
  • Sep 18, 2009 3:15am Sep 18, 2009 3:15am
Quoting wormboy
Kembang pungkoq la aparaaa ( roughly translated, ass spreading )
thank god i'm not in jail

raya mana oi
I have no idea what your on abt bro..... BUT the universal language is
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,886
  • Sep 18, 2009 3:16am Sep 18, 2009 3:16am
Quoting wormboy
Kembang pungkoq la aparaaa ( roughly translated, ass spreading )
thank god i'm not in jail

raya mana oi

yep it did sound like i was kissing yur ass....

oh shit!!!......there gunning my stop again..!!!
  • #166,887
  • Sep 18, 2009 3:17am Sep 18, 2009 3:17am
Quoting Bull_Bear
I have no idea what your on abt bro..... BUT the universal language is

yea bro...I was starting to wonder too what's that all about...lol...I think it's time for the dancing guy to come out or something....
just say the word and he' right there...LOL
Hear the music before the song is over ...
  • #166,888
  • Sep 18, 2009 3:18am Sep 18, 2009 3:18am
Quoting nAVIN2007
yep it did sound like i was kissing yur ass....

oh shit!!!......there gunning my stop again..!!!
Arn't you short bro? You were holding short last yesterday. What happenned?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,889
  • Sep 18, 2009 3:19am Sep 18, 2009 3:19am
Quoting nAVIN2007
based on the monthly i did expect it to fall....i wasnt sure if it would revist the bottom either however this move down so quickly either means we are tanking or theres going to be a huge spike giving a rejection to this area...then we continue going up....

i entered these buys cause i figure selling this low is dangerous and the rejection may be massive...

my ass is hanging on to a thin thread
I didn't mean any offence by my post, Navin. It was a small attempt at Friday humour. I also lost yesterday on cable.

As part of my trading, I have a short-term proprietary trend program always on the go, which (unfortunately on this occasion) purchased cable yesterday afternoon. My gut was telling me to stay flat, but I never let my feelings (biases) interfere with this part of my trading, as back-testing shows good results over the long-term.

The trade was stopped out at -100pips. Only a small postion size, so the loss was small. I am totally flat in FX right now, after havign trailing stop hit on EURUSD position this morning. Now patiently looking for next opportunity.

Good luck, friend.
  • #166,890
  • Sep 18, 2009 3:20am Sep 18, 2009 3:20am
Quoting GlobalMacro

yea bro...I was starting to wonder too what's that all about...lol...I think it's time for the dancing guy to come out or something....
just say the word and he' right there...LOL
Oh shit no... your killing us with him.... lol

You still lugging Long are you bro?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,891
  • Sep 18, 2009 3:22am Sep 18, 2009 3:22am
Quoting wormboy
Kembang pungkoq la aparaaa ( roughly translated, ass spreading )
thank god i'm not in jail

raya mana oi
..Perak then Perlis then KL..Raya Png? ehe..Ok La slamat HAri Raya maaf Zahir n Batin oiii...........
  • #166,892
  • Sep 18, 2009 3:22am Sep 18, 2009 3:22am
The 4hr previous swing hi/lo=prev supp=potential support zone is shown below with the descending channel...below here and there is another minor previous swing lo=prev supp=potential support zone on 4hr 6246-34, with 76.4% of 6111-6740 @ 6260 ahead of the major lows @ 6111, that 4hr prev sw lo=prev supp=potential supp zone co-existing on 1hr and extending 6111-38 area.

G/L

http://i27.tinypic.com/28irds1.gif
ex member
  • #166,893
  • Sep 18, 2009 3:22am Sep 18, 2009 3:22am
Quoting Bull_Bear
Oh shit no... your killing us with him.... lol

You still lugging Long are you bro?
no unfortunately Short now...WB finally triggered my sell stop (Are you happy now bro?.....lol)
Hear the music before the song is over ...
  • #166,894
  • Sep 18, 2009 3:25am Sep 18, 2009 3:25am
anyone short....i'll make sure u guys will getting mess ur head after this ..
as support is formed in M15 atm..Good luck
  • #166,895
  • Sep 18, 2009 3:26am Sep 18, 2009 3:26am
Quoting GlobalMacro
no unfortunately Short now...WB finally triggered my sell stop (Are you happy now bro?.....lol)
Nah man, hate to see a fallen brother. Pick you guns up and keep firing shoulder.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,896
  • Sep 18, 2009 3:27am Sep 18, 2009 3:27am
Better wait for the news.
5 more minutes
  • #166,897
  • Sep 18, 2009 3:28am Sep 18, 2009 3:28am
Quoting gammase1
I didn't mean any offence by my post, Navin. It was a small attempt at Friday humour. I also lost yesterday on cable.

As part of my trading, I have a short-term proprietary trend program always on the go, which (unfortunately on this occasion) purchased cable yesterday afternoon. My gut was telling me to stay flat, but I never let my feelings (biases) interfere with this part of my trading, as back-testing shows good results over the long-term.

The trade was stopped out at -100pips. Only a small postions size, so the loss was small....

sorry bro its me this time of morning and waking up to this shock....i never even realised u were being ironic...
happy trading to u ....
  • #166,898
  • Sep 18, 2009 3:28am Sep 18, 2009 3:28am
Quoting Bull_Bear
Nah man, hate to see a fallen brother. Pick you guns up and keep firing shoulder.
OK brother...I knew I can count on you...now that you're so gracious, I'll give you my acct. no. you can send me 20k...aiiiiit, cool...?..
Hear the music before the song is over ...
  • #166,899
  • Sep 18, 2009 3:29am Sep 18, 2009 3:29am
Quoting grashid
anyone short....i'll make sure u guys will getting mess ur head after this ..
as support is formed in M15 atm..Good luck
Gras Man this short assault is not over yet. If it bounces the onslaught will begin again.

Hows your trading bro?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,900
  • Sep 18, 2009 3:29am Sep 18, 2009 3:29am
Quoting GlobalMacro
what do you mean overall trend was down bro...we had two consecutive weeks of rising prices with higher highs and higher lows...that's hardly considered down now is it?

The only reason for this collapse is O/N shock news that an insurance company failed stress test and is forced to abandon withdrawal from relief program...nobody knew this yesterday...lol

To start with, he said he tried long term which failed. He went long on the 4th down day without any bullish confirmation from the higher timeframes.

Then there's the broken rising wedge that I mentioned 5 days ago:
1. http://www.forexfactory.com/showpost...postcount=2916
2. http://www.forexfactory.com/showpost...postcount=2929
3. http://www.forexfactory.com/showpost...postcount=2942
4. http://www.forexfactory.com/showpost...postcount=2966
5. http://www.forexfactory.com/showpost...postcount=2979

And don't forget the flag navin spotted yesterday. Price brokeout from the range/flag late yesterday when I added before logging off.

See I might not know that the insurance company would've failed the stress test whatsoever, but the price action on the charts were evidently giving away freebies, that much is already known before the failed stress test. So why take the chance and ignore it? Afterall most of us here rely heavily on charting.

Have a good one bro
Thank You
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