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Cable Update (GBPUSD)

  • #169,741
  • Sep 27, 2009 3:17pm Sep 27, 2009 3:17pm
I do not think that was necessary. Yes during live movement it is probably not the best idea to move off topic like that. However the charts have been static for over 36 hours now. There is only so much you can say about a chart that has not moved in 36 hours heh. Besides, there is plenty of other discussions on this thread that have nothing to do with the G/U charts.

Que

Quoting TauTrader
Good day to you all,

I have deleted my earlier post regarding EU. I realize that it was improper to post such, as Gbp/usd and Gbp/Jpy are discussed here.

I want to kindly ask that others do the same - if you are so inclined.

Will respect this in future

Regards
Que
  • #169,742
  • Sep 27, 2009 3:26pm Sep 27, 2009 3:26pm
Quoting Que
I do not think that was necessary. Yes during live movement it is probably not the best idea to move off topic like that. However the charts have been static for over 36 hours now. There is only so much you can say about a chart that has not moved in 36 hours heh. Besides, there is plenty of other discussions on this thread that have nothing to do with the G/U charts.

Que
Good day to you,

I hear you. I will however remain within the common boundries. Yip, I accept that many other issues are discussed and I find the fun that people are having quite refreshing, the issues discussed -like you are doing above - interesting....

It's just a personal choice I have made.

My highest regards
  • #169,743
  • Sep 27, 2009 3:56pm Sep 27, 2009 3:56pm
Quoting malcolmb14
I am sorry if something i said made you take trade that you lost money. This is forum for heated debates and eveyone to throw their ideas out..... if traders take these ideas and blindly follow them without good money management then they are at risk . Markets are dynamic. The down move that is under way now and look to be heading to 1.5500 could change ovenright if BOE decide to do surprise rate hike of 1% or something like that happens.

If you want a trading service i can recommend several good ones that give out signals , (none of which...
All I can say that malcolmb is the number 1 online trader not only in FF, but over the net as well, that's my point of view, maybe some don't agree with me, on the otherside, he most of the time doesn't follow his analysis, but he really deserve to be number 1 even if his analysis went wrong, as noone can be right all of them time.
  • #169,744
  • Sep 27, 2009 4:01pm Sep 27, 2009 4:01pm
arms have a great week ahead bro! .....wish u good fortune

trade safe
  • #169,745
  • Sep 27, 2009 4:01pm Sep 27, 2009 4:01pm
Quoting direct-trade
What I see tonight:

EDIT: Chart should say "14614 Should provide further resistance" and not "14514".
hi dt

i have a sell order GU 6100 for 5700, lets see if i get filled..

gl
  • #169,746
  • Sep 27, 2009 4:18pm Sep 27, 2009 4:18pm
Quoting pino2
All I can say that malcolmb is the number 1 online trader not only in FF, but over the net as well, that's my point of view, maybe some don't agree with me, on the otherside, he most of the time doesn't follow his analysis, but he really deserve to be number 1 even if his analysis went wrong, as noone can be right all of them time.
I mess up with the best of them trust me .. there have been weeks I listen to much to news and not trade what i see on charts, weeks long set ups are clear on the charts but I still want to go short.

But thanks for the vote of confidence

money management is key in this game.
Blogging daily now at www.volume.zone
  • #169,747
  • Sep 27, 2009 4:41pm Sep 27, 2009 4:41pm
That statement alone defines the difference between a winning trader, and a losing one.

Que

Quoting malcolmb14
money management is key in this game.
Que
  • #169,748
  • Sep 27, 2009 4:57pm Sep 27, 2009 4:57pm
Quoting sherazali
Entry point strategy to get long:

Standard lot at 1.0855 (the friday bottom) to 1.09
SL at 1.0691
First TP at 1.12 23.6% fibonacci
2nd TP at 1.545 38.2% fibonacci

Dear Ali Bhai

This is for you only.

I recommend a long entry in USD/CAD. The daily chart show a double bottom and the break of the descending triangle in the opposite direction confirm the bias too remian long with USD/CAD. The minimum price objective is 1.17. As the price closes well above the decending traingle. the risk of downside remians low. But we...
thank you ali
ı apreciate it very much
ali haydar
  • #169,749
  • Sep 27, 2009 5:04pm Sep 27, 2009 5:04pm
looks like the gap closed already...
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 20 KB
  • #169,750
  • Sep 27, 2009 5:10pm Sep 27, 2009 5:10pm
Hi all,
I have been fallowing the thread and really appreciate all the good works you are donig here, its very informative thread.

As a newbie i want to share my chart with you guys and will be very happy to hear your comments.

Planing to sell break below 1.5800 sl 1.6050 target 1.5350

Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.usd.daily.jpg Size: 113 KB
  • #169,751
  • Sep 27, 2009 5:16pm Sep 27, 2009 5:16pm
Gapped nicely and made 0.5%

Que
Que
  • #169,752
  • Sep 27, 2009 5:22pm Sep 27, 2009 5:22pm
Crash and burn from the start?!?!?!
Que
  • #169,753
  • Sep 27, 2009 5:24pm Sep 27, 2009 5:24pm
down pound down!
nice 100 pip start to the week!
  • #169,754
  • Sep 27, 2009 5:25pm Sep 27, 2009 5:25pm
Holy shit.... Up 2% on a crappy gap trade. This is insane.

Que
Que
  • #169,755
  • Sep 27, 2009 5:27pm Sep 27, 2009 5:27pm
Nothing to do but just sit on the sidelines on this one for me... too dangerous to enter on either end right now
Dr. C
  • #169,756
  • Sep 27, 2009 5:27pm Sep 27, 2009 5:27pm
if only all trades were like this...

well done.. lucky
  • #169,757
  • Sep 27, 2009 5:28pm Sep 27, 2009 5:28pm
Quoting Que
Well I agree and disagree.

He specifically calls them "elite traders". By standard definition of most industries, the people who would be considered "Elite," "Guru," "Master," "Professor," etc is about 1%.
Que
Agree with most of this post. Especially the "point and click your way to riches marketing" part. But I've studied Jame's thread and he seriously helps new folks increase their odds of success through starting simple and then moving on.

I think Forex is most overwhelming for the 95% because it's simply a matter of, where the hell do I start? LOL...at least it was that way for me. By the time you've worked through all the "BS callers" and "we make it easy" scammers and the like, you're broke, confused and discouraged.

I think far more than 5% "have what it takes" to trade successfully even for a living. The problem is, there's so much garbage to route through first before you come across someone with real knowledge and experience to teach it right. And then willing to share that info openly. James is just such a person as are many others here on FF.

I'm grateful to each and every one of you. With so many good traders using so many different styles, I'm getting what I feel is a very well rounded education here.
Ghost Rider - WWTBMD?
  • #169,758
  • Sep 27, 2009 5:28pm Sep 27, 2009 5:28pm
Quoting Que
Holy shit.... Up 2% on a crappy gap trade. This is insane.

Que

technicaly 1.60 had to hold as resistance..if it went to 1.61 id be scared to sell into 1.60 because u would have been selling into a bullish engulf, didnt makes sense ....
  • #169,759
  • Sep 27, 2009 5:32pm Sep 27, 2009 5:32pm
Anyone who knows me knows that I play the gap. However, it usually takes several hours of waiting for it to close. This sucker closed in 5-10 min, then train wrecked further. I have given back some pips as of this posting, but still holding it with a SL at the gap for +0.5%. If it goes, good for me. If it comes back up. I am still happy.

Que

Quoting nAVIN2007
technicaly 1.60 had to hold as resistance..if it went to 1.61 id be scared to sell into 1.60 because u would have been selling into a bullish engulf, didnt makes sense ....
Que
  • #169,760
  • Sep 27, 2009 5:35pm Sep 27, 2009 5:35pm
I closed short 1.5860 and will wait to see , i suppose in very strong support
I will short again but not now.
All take care:-)
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