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Cable Update (GBPUSD)

  • #169,681
  • Sep 27, 2009 8:47am Sep 27, 2009 8:47am
Any buddy like to comment on euro usd ?
  • #169,682
  • Sep 27, 2009 8:57am Sep 27, 2009 8:57am
Quoting pakitrader
http://www.forexfactory.com/showthre...31#post1485531

in THIS POST U MENTIONED YOU HAVE 77 DOLLARS LEFT AND NOW U GIVING 400 DOLLARS STOP HOW YOU DOING THAT?
Please check the post dates you can even risk $4000. That was my past and it is the present but thanks for reminiding me my past to create more discipline at me. Discipline is the key to success.
  • #169,683
  • Sep 27, 2009 9:10am Sep 27, 2009 9:10am
Dear traders. I think, that gbpusd have already reached a bottom and can go upwards. While up to 1.6545 ---23.6 Fibo. As you think. All of successes
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  • #169,684
  • Edited 9:38am Sep 27, 2009 9:27am | Edited 9:38am
Quoting isguru
Malcomb, I think you are a good trader, and nobody lauged .....
Directtrade, Forexlion, GlobalMacro, BullBear, TauTrader, Wormboy, always say when they're wrong, and so should you. And my favourtie trader 'Albchr' hats off to you, you don't make 'calls' but you are an insipration.

Thank you all, including Malcomb for helping all of us newer ones.
Hi isguru,

While I humbly thank you for your kind words, I have to say I think you're being a bit hard on Malcolmb. I'm glad my story and never give up attitude is an inspiration but truth be told, I don't make calls because quite frankly, I'm not HALF the trader Malcolmb is and I only hope one day I will be.

Simply put, not only did he see the upthrust coming to within a few pips but also called the "fast" drop afterward very accurately. Now no one, and I mean NO ONE can call such moves to an "exact" date. But the fact that he saw them at all still leaves me with my jaw on the floor in awe.

As Navin said, the last thing ANY new trader (who actually wants to learn how to trade) should be doing is looking for calls. What you "should" be doing is looking at the analysis "behind" those calls and learning what that trader sees and why. This is what I try to do everyday. I would NEVER place a trade based on what Malcolmb or any of the other fine traders here call. But you can bet your bottom dollar that when I see their calls play out, I want to learn everything they know to give "my own calls" a better edge at winning.

So to all newbies here, DO NOT LOOK FOR CALLS!! LEARN HOW TO TRADE from the very good traders here and then make your own calls for yourselves. If you DO look for calls and place trades based on them, then at least have the courage and decency to look in the mirror for someone to blame when and if they go bad.

The experienced traders here take a LOT of time trying to help us new guys learn. Blaming those traders for YOUR MISTAKES is not only silly, it's just plain WRONG!

My 2 pips...
Ghost Rider - WWTBMD?
  • #169,685
  • Sep 27, 2009 9:48am Sep 27, 2009 9:48am
Quoting Victor2
Dear traders. I think, that gbpusd have already reached a bottom and can go upwards. While up to 1.6545 ---23.6 Fibo. As you think. All of successes
I don't think that we will see 1.65. The max that GU may reach is 1.615 to test LTL (aka Neck Line for H&S on weekly chart).

We have bearish MACD divergance on the same chart.

Also, all my indicators are turned so bearish. IMO, GU may test Low 1.35 or even make a new low in near future.

I am only waiting for QQE to cross 50 line.

Let's ride it to my targets 1.52, 1.35 and 1.18 (maybe)
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Do not follow my trades. Trade what you see on your own charts.
  • #169,686
  • Sep 27, 2009 9:56am Sep 27, 2009 9:56am
Quoting albchr
Hi isguru,

While I humbly thank you for your kind words, I have to say I think you're being a bit hard on Malcolmb. I'm glad my story and never give up attitude is an inspiration but truth be told, I don't make calls because quite frankly, I'm not HALF the trader Malcolmb is and I only hope one day I will be.

Simply put, not only did he see the upthrust coming to within a few pips but also called the "fast" drop afterward very accurately. Now no one, and I mean NO ONE can call such moves to an "exact" date. But the fact that he saw them...
hey chris can u do me a favour, actually any1 that reads this, i have 2 feed for cable dailly and the candles are completely different, the one i use on live account shows a bearish candle the blasted other one has a friggin doji...its not good that the feeds completely say different things...so can people plz post a dailly chart so i can compare...
Attached Image(s) (click to enlarge)
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  • #169,687
  • Edited 10:18am Sep 27, 2009 10:02am | Edited 10:18am
Quoting nAVIN2007
hey chris can u do me a favour, actually any1 that reads this, i have 2 feed for cable dailly and the candles are completely different, the one i use on live account shows a bearish candle the blasted other one has a friggin doji...its not good that the feeds completely say different things...so can people plz post a dailly chart so i can compare...
Hey buddy, I also have two feeds that are 2 hours different. I've learned to just watch one as it can get confusing (for candle analysis) when looking at different time zone feeds. So, I only look at the feed for my live account now. And just to bake your noodle a bit more, my daily is different than both yours...LOL

Besides Nav, what are you squaking about? (kidding) Both your positions are green....
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Ghost Rider - WWTBMD?
  • #169,688
  • Sep 27, 2009 10:07am Sep 27, 2009 10:07am
Helloooooooooo

I am not judging Malcomb and I am not criticising him or saying anything against him and I'm abt taken aback by half everone is saying about me being 'hard on him'.
I dont go looking for calls myself, and I have said Malcomb is a great tradwr but when he posts 'exact dates' e.g. on a previous posthe said 'on September 15th Cable will hit x price'; I'm just saying if you respect someone you sit uop and listen to them - that's not saying I amn not responsible if I take a trade that goes wrong based on listening to him. IAM SOLELY RESPONSIBLE FOR EACH T4RADE.

I agree with you tat I should be looking for the analysis behind each call, and a that's why I said earlier that I am now beginning to understand the 'why' behind each analysis Malcomb and the other good ones post here and this will make me a better trader in future.

Finally, I am NOT BLAMING MALCOMB OR ANY TRADER FOR MY MISTAKES, for the last time, I am simply pointing out a better way of doing things i.e. since Malcomb and all the others mentioned are so good at this business, yes, then have the debates and do your analysis, but specific dates doesn't help others trying to learn, that's all I've been trying to point out.

Again, no offience meant to Malcomb and if any offence has been taken - to hmi alone I apologise. Malcomb, I am NOT BLAMING YOU, I ALONE AM RESPONSIBLE FOR MY M8ISTAKES OKAY.
Quoting albchr
Hi isguru,

While I humbly thank you for your kind words, I have to say I think you're being a bit hard on Malcolmb. I'm glad my story and never give up attitude is an inspiration but truth be told, I don't make calls because quite frankly, I'm not HALF the trader Malcolmb is and I only hope one day I will be.

Simply put, not only did he see the upthrust coming to within a few pips but also called the "fast" drop afterward very accurately. Now no one, and I mean NO ONE can call such moves to an "exact" date. But the fact that he saw them...
  • #169,689
  • Sep 27, 2009 10:15am Sep 27, 2009 10:15am
Quoting isguru
Helloooooooooo

I am not judging Malcomb and I am not criticising him or saying anything against him and I'm abt taken aback by half everone is saying about me being 'hard on him'.
I dont go looking for calls myself, and I have said Malcomb is a great tradwr but when he posts 'exact dates' e.g. on a previous posthe said 'on September 15th Cable will hit x price'; I'm just saying if you respect someone you sit uop and listen to them - that's not saying I amn not responsible if I take a trade that goes wrong based on listening to him. IAM SOLELY...
Relax, you've made these points a DOZEN times now. My comment about "blaming other traders for your mistakes" was NOT directed at "you" but at ALL new traders.

I think we can drop this now...OK?
Ghost Rider - WWTBMD?
  • #169,690
  • Sep 27, 2009 10:18am Sep 27, 2009 10:18am
Quoting albchr
Hey buddy, I also have two feeds that are 2 hours different. I've learned to just watch one as it can get confusing (for candle analysis) when looking at different time zone feeds. So, I only look at the feed for my live account now. And just to bake your noodle a bit more, my daily is different than both yours...LOL

see looking at yours i say this will likely go up ..my live one has a open and close quite far apart, shows bearish strength, my live one says down...im gonna speak to me broker on monday...cause this is broker manipulation, unless we go down off course

the candles to me..tell a big part of the story, well really its the open and closes
  • #169,691
  • Sep 27, 2009 10:20am Sep 27, 2009 10:20am
Quoting nAVIN2007
hey chris can u do me a favour, actually any1 that reads this, i have 2 feed for cable dailly and the candles are completely different, the one i use on live account shows a bearish candle the blasted other one has a friggin doji...its not good that the feeds completely say different things...so can people plz post a dailly chart so i can compare...
Good day to you, Sir

How are you? All good?

I attach a barebone chart for you - this is what my platform shows..(live)

Wish you a good week trading

Regards
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  • #169,692
  • Sep 27, 2009 10:20am Sep 27, 2009 10:20am
Quoting nAVIN2007
see looking at yours i say this will likely go up ..my live one has a open and close quite far apart, shows bearish strength, my live one says down...im gonna speak to me broker on monday...cause this is broker manipulation, unless we go down off course

the candles to me..tell a big part of the story, well really its the open and closes
It's not broker manipulation bro. Just different broker time zones as they relate to GMT is all. But I'm thinking it's going up (short term) myself. Unless it snaps out of this range finally. Overall I'm still bearish long term.
Ghost Rider - WWTBMD?
  • #169,693
  • Sep 27, 2009 10:24am Sep 27, 2009 10:24am
lol how long ago did I say 5300? Since June. look how many people "suddenly" see low levels now.
Anyway, we will test the highs of 6100 levels again before anything you can count on that. Daily close must be below 22nd - 26th May support before we tank big again.
This was put up early this month when asked by a friend for my targets when price dipped slightly below 6165:
http://www.forexfactory.com/showpost...postcount=2746

Guess I was early as usual lol (damn this lagging high tf )
Anyway, that being said, 5950 had been reached and found support so I am looking to buy and fetch higher price to sell again. That's the objective of this coming week trading, unless of course, cable falls in a straight line.


Btw, since there's so much advises flying in for newbies, thought I'd chip in/ There is absolutely no need to overanalyse, look at the high tfs for clues. Set your trade plans out & just execute. It's that simple, honest

Have a good one, bedtime. Catch you folks tomorrow.
Thank You
  • #169,694
  • Sep 27, 2009 10:26am Sep 27, 2009 10:26am
Quoting TauTrader
Good day to you, Sir

How are you? All good?

I attach a barebone chart for you - this is what my platform shows..(live)

Wish you a good week trading

Regards
Tau buddy.......How's your weekend treating you? Any plans for cable this week?
Ghost Rider - WWTBMD?
  • #169,695
  • Edited 10:43am Sep 27, 2009 10:30am | Edited 10:43am
Quoting TauTrader
Good day to you, Sir

How are you? All good?

I attach a barebone chart for you - this is what my platform shows..(live)

Wish you a good week trading

Regards
im good bru..especailly after seeing yur chart..was kinda impt for me cause i cant get stoped out of the trade but based on yur chart as well....we should hopefully break lower....
how are u? .....enjoying the weekend? (no need to call me sir, nav is fine)
Quoting albchr
It's not broker manipulation bro. Just different broker time zones as they relate to GMT is all. But I'm thinking it's going up (short term) myself. Unless it snaps out of this range finally. Overall I'm still bearish long term.
  • #169,696
  • Sep 27, 2009 10:34am Sep 27, 2009 10:34am
Quoting albchr
Tau buddy.......How's your weekend treating you? Any plans for cable this week?
I'm fit, fat and healthy - thank you!

Worked through a couple of mental issues this past 2 days and I believe I am ready to attempt another week of study, learning, taking pains and hopefully a positive result at the end of the week.

To be honest, I do not know at the moment. I will only be able to pick position a bit later.( after the market opens). I do think we are ready for a retrace, but it may be from slightly lower levels. Really do not know at this point.... will have to wait.

And you? Are you well? All good?

I wish you a super successful week ahead
  • #169,697
  • Sep 27, 2009 10:35am Sep 27, 2009 10:35am
Quoting wormboy
lol how long ago did I say 5300? Since June. look how many people "suddenly" see low levels now.
Anyway, we will test the highs of 6100 levels again before anything you can count on that. Daily close must be below 22nd - 26th May support before we tank big again.
This was put up early this month when asked by a friend for my targets when price dipped slightly below 6165:
http://www.forexfactory.com/showpost...postcount=2746

Guess I was early as usual lol (damn this lagging high tf )
Anyway,...
I agree, there is a very high probability of a retest of the 1.61 resistance level.

Traders like to push price back up to these levels to see how price reacts around then.
Probability Professor
  • #169,698
  • Sep 27, 2009 10:38am Sep 27, 2009 10:38am
Quoting wormboy
lol how long ago did I say 5300? Since June. look how many people "suddenly" see low levels now.
Anyway, we will test the highs of 6100 levels again before anything you can count on that. Daily close must be below 22nd - 26th May support before we tank big again.
This was put up early this month when asked by a friend for my targets when price dipped slightly below 6165:
http://www.forexfactory.com/showpost...postcount=2746

Guess I was early as usual lol (damn this lagging high tf )
Anyway, that...
ahhhh we know your game, nothing to do with lagging time frame, u just have a crystal ball

u are doris (remember the fortune teller)..hehe

no seriously u really did see this sh*t coming a mile away
  • #169,699
  • Sep 27, 2009 10:42am Sep 27, 2009 10:42am
Quoting TauTrader
I'm fit, fat and healthy - thank you!

Worked through a couple of mental issues this past 2 days and I believe I am ready to attempt another week of study, learning, taking pains and hopefully a positive result at the end of the week.

To be honest, I do not know at the moment. I will only be able to pick position a bit later.( after the market opens). I do think we are ready for a retrace, but it may be from slightly lower levels. Really do not know at this point.... will have to wait.

And you? Are you well? All good?

I wish you a super successful...
Pretty much the same as you as far as needing to see the market open and some PA. I've also worked through a few mental/emotional issues and I believe I'm ready to attempt some slightly higher risk this week. My trading has been going well but the simple fact is, from such a small account I can't make enough to provide for me at current risk levels.

I'm not real happy about it and I certainly don't recommend it as a plan but I really need to make things happen here. Along with the few "real" trades I've made over the past few weeks, I've made a LOT of mental ones and in more cases than not, they played out in my favor. So it's time to put my money where my mouth is per say and get this darn account built up to where "proper" mm will support me.
Ghost Rider - WWTBMD?
  • #169,700
  • Sep 27, 2009 10:42am Sep 27, 2009 10:42am
Quoting isguru
Sorry, from a newbie, here's my dailyone whihc clsed bearish, but the closing pryce was 1.59486.

i hope u are on a demo bro.....
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