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Cable Update (GBPUSD)

  • #174,941
  • Edited 7:12am Oct 10, 2009 7:09am | Edited 7:12am
Quoting nAVIN2007
take candle one at a time, 1hr bearish,4hr bearish,dailly,weekly monthly..u are trying to catch a falling knife..be carefull bru..
Good to see you...

No - I am not trying to catch a falling knife. Not in the least. Just a small little stab at a minor retracement - that's all.

I have always believed that the 15min candle is built by 5min, the 30 min by 15min, the 1hr by 30min, the 4hr by 1hr etc. Sooo... just a little trade in place to try and earn some pippies on a retracement.

Believe me, if she opened with a gap up, I will almost immediately reverse...

But thank you for your concern and your warning.... AGAIN

My highest regards
  • #174,942
  • Oct 10, 2009 7:10am Oct 10, 2009 7:10am
Quoting pakitrader
THE TREND LINE IS ALREADY BREACHED AT 5870. bUT MATTER OF CONCERN AND WORRYING ME REALLY IS THIS

forgive the noob questiob but do rates normally open around these prices on Sunday? I have noticed in the stock market that after hours prices will jump dramatically only to open near where they closed at market the previous. Not sure if this is common in forex.
  • #174,943
  • Oct 10, 2009 7:17am Oct 10, 2009 7:17am
Quoting SpaceJunk
forgive the noob questiob but do rates normally open around these prices on Sunday? I have noticed in the stock market that after hours prices will jump dramatically only to open near where they closed at market the previous. Not sure if this is common in forex.
Good day to you,

Your assumption is correct. But gaps up to 100 pips has been seen between close on Friday and Sunday night open.. These gaps normally close during the next trading day. Some traders use this as a stategy to earn some pippies.

I have seen prices trading 130 pips up/down on a Sunday morning, but quickly comes back just before we open.

Regards
  • #174,944
  • Oct 10, 2009 7:17am Oct 10, 2009 7:17am
Quoting TauTrader
Good day to you,

Attached my weekly chart. What do you WANT to see? If bearish, you will find any possible reason, technically, to see this going down. If you are bullish, you will find any reason, technically, to see this go back up....

Isn't this fun?

BBTORT

Wish you success

Regards

The most sensible post I've seen in a long time on this place!

Pure, True, and Perfect!

Continued Success To You...
Hear the music before the song is over ...
  • #174,945
  • Oct 10, 2009 7:25am Oct 10, 2009 7:25am
Quoting GlobalMacro
The most sensible post I've seen for a long time on this place!

Pure, True, and Perfect!

Continued Success To You...
Good day to you!

I did not think you would survive the party 2 weeks ago - I saw you battle with the iPhone to share the girlies with us all... ( They were NICE, by the way...)

Thank you for the comment...I just posted that, as a reminder to myself that one needs to stay as fluid as water. No sides here.

Wish you success for the week ahead

My highest regards
  • #174,946
  • Oct 10, 2009 7:41am Oct 10, 2009 7:41am
Quoting TauTrader
Good to see you...

No - I am not trying to catch a falling knife. Not in the least. Just a small little stab at a minor retracement - that's all.

I have always believed that the 15min candle is built by 5min, the 30 min by 15min, the 1hr by 30min, the 4hr by 1hr etc. Sooo... just a little trade in place to try and earn some pippies on a retracement.

Believe me, if she opened with a gap up, I will almost immediately reverse...

But thank you for your concern and your warning.... AGAIN

My highest regards
u know last year august i lost £500 on one trade thinking exactly what u thinking retrace..we have no idea right might happen might not..just do what u doing but in the direcion of the trend..

i was long like u know but i changed my bais because what i had in mind was a recovery, i then realise when there a recovery id know it cause id see it..

that was the only reason why i changed from long to short..go with what u see not what u think...

thinking in trading..get one in trouble, actually even thinking about where we go is bad, predictive analysis is bad..

we have to develop a mindset of real trader, all that is important is the trend..lets see what next week offers! and we just go with it.. be lucky brother..
  • #174,947
  • Oct 10, 2009 7:41am Oct 10, 2009 7:41am
Quoting TauTrader
Good day to you!

I did not think you would survive the party 2 weeks ago - I saw you battle with the iPhone to share the girlies with us all... ( They were NICE, by the way...)

Thank you for the comment...I just posted that, as a reminder to myself that one needs to stay as fluid as water. No sides here.

Wish you success for the week ahead

My highest regards
yup...they just loved the idea when I told them I wanna show them to my FOREX buddies(not sure if they really got it what forex was)...the place was crowded so I had to do my best to post them...the pic's a lil jittery but still you can see the cuties...

alright gotta run, catch ya later...
Hear the music before the song is over ...
  • #174,948
  • Oct 10, 2009 7:44am Oct 10, 2009 7:44am
Quoting GlobalMacro
yup...they just loved the idea when I told them I wanna show them to my FOREX buddies...the place was crowded so I had to do my best to post them...the pic's a lil jittery but still you can see the cuties...

alright gotta run, catch ya later...
yo G..enjoy
  • #174,949
  • Oct 10, 2009 7:49am Oct 10, 2009 7:49am
Quoting TauTrader
Good day to you,

Attached my weekly chart. What do you WANT to see? If bearish, you will find any possible reason, technically, to see this going down. If you are bullish, you will find any reason, technically, to see this go back up....

Isn't this fun?

BBTORT

Wish you success

Regards
Good day brother!

Man, ain't the truth? One can find mountains of "technical" evidence to support either direction. This is why I know it will be important for me to learn about fundies over time. When you come across that sign post at an intersection and the arrow on it can spin, you need "something" else to try and determine if it's actually pointing the right way....lol

Yep, isn't this fun? LOL
Ghost Rider - WWTBMD?
  • #174,950
  • Oct 10, 2009 7:52am Oct 10, 2009 7:52am
Quoting nAVIN2007
u know last year august i lost £500 on one trade thinking exactly what u thinking retrace..we have no idea right might happen might not..just do what u doing but in the direcion of the trend..

i was long like u know but i changed my bais because what i had in mind was a recovery, i then realise when there a recovery id know it cause id see it..

that was the only reason why i changed from long to short..go with what u see not what u think...

thinking in trading..get one in trouble, actually even thinking about where we go is bad, predictive...
Good day to you,

Thank you for taking the time to post. I hear you. I do. I take note. You have had a lot more exposure than me - I want to respect that.

When this trade fails, I will have learned another lesson. I appreciate the fact that you care...

My highest regards
  • #174,951
  • Oct 10, 2009 7:54am Oct 10, 2009 7:54am
Quoting ams
Hey DT,

Although I am not very good at charts, and do not have more then 1 vote (not being very popular since I do not make calls:-) but I've tried my best on both.

ams
Hey buddy, If I could give you more than one I would. Obviously, I certainly feel you deserve them. And for me at least, it has nothing to do with making calls. In fact, I'd be more reluctant to give them out for such a reason. Good analysis (right or wrong) and the willingness to share and teach are my main criteria. That's why you have mine and have for some time.

Keep up the good work!! Some of us, really do pay attention.
Ghost Rider - WWTBMD?
  • #174,952
  • Oct 10, 2009 7:57am Oct 10, 2009 7:57am
Quoting albchr
Good day brother!

Man, ain't the truth? One can find mountains of "technical" evidence to support either direction. This is why I know it will be important for me to learn about fundies over time. When you come across that sign post at an intersection and the arrow on it can spin, you need "something" else to try and determine if it's actually pointing the right way....lol

Yep, isn't this fun? LOL
Good day to you!

Imagine finding you here on a Saturday..... You need more Vodka

You are sooo right. I was sitting here, looking at these charts from all sides. A fundamental view is just as important. And I SUCK at this. I do. So, me thinks it's time to sharpen up that side of things. More reading...

Good luck for the week ahead
  • #174,953
  • Oct 10, 2009 8:01am Oct 10, 2009 8:01am
Quoting TauTrader
Good day to you,

Thank you for taking the time to post. I hear you. I do. I take note. You have had a lot more exposure than me - I want to respect that.

When this trade fails, I will have learned another lesson. I appreciate the fact that you care...

My highest regards

no worries t.....dont think like that, your a postive individual, yur results reflect it..not many can do what yur doing entering 1 lot and make money..shows confidence and belief

never sway from your belief the minute u lose that your finished in this..i know nothing and i purelly speculating on direction

my view is we are consolidating for a breakout for move down..chart attached..lines are off 15m to show picture in 1hr

1hr got a hanging man! canceling the bullish candle b4 it..the formation to me on 1hr is bearish ...be lucky
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  • #174,954
  • Oct 10, 2009 8:09am Oct 10, 2009 8:09am
..
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  • #174,955
  • Oct 10, 2009 8:15am Oct 10, 2009 8:15am
Dame don't you guys take time out.... its the weekend, enjoy it fellas....

See ya Monday
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,956
  • Oct 10, 2009 8:22am Oct 10, 2009 8:22am
Quoting Johor JCS
which town are u staying rashid, perhaps we can ngeteh some times..
wormboy is my best friend and we are tag team of '1Malaysian'....unfotunately we are in a diffeent house
  • #174,957
  • Oct 10, 2009 8:25am Oct 10, 2009 8:25am
Quoting nAVIN2007
no worries t.....dont think like that, your a postive individual, yur results reflect it..not many can do what yur doing entering 1 lot and make money..shows confidence and belief

never sway from your belief the minute u lose that your finished in this..i know nothing and i purelly speculating on direction

my view is we are consolidating for a breakout for move down..chart attached..lines are off 15m to show picture in 1hr

1hr got a hanging man! canceling the bullish candle b4 it..the formation to me on 1hr is bearish ...be lucky...
Good day to you,

Sorry - was out quickly. Thank you for your charts. Just invested in a book called: " Candlestick Charting for Dummies" - I thought a "Hanging Man" was like Tarzan's nephew....

I see your bias - and agree that the analysis is sound.

Wish you all the best for the coming week.

Regards
  • #174,958
  • Oct 10, 2009 8:26am Oct 10, 2009 8:26am
Quoting grashid
wormboy is my best friend and we are tag team of '1Malaysian'....unfotunately we are in a diffeent house
u can alway move in

stay funny
  • #174,959
  • Oct 10, 2009 8:27am Oct 10, 2009 8:27am
Quoting grashid
5650-5350-5050-4550-4350 or even lower till 21 Jan 2010....
Good Luck

Which planet you leave on? Dollar going down the drain don't matter

what your Picasso charts are showing.. Dollar will sink to $1.60/EURO

like last time or even lower.. How you think Pound will drop to $1.45

based on that? Or you think FEDs will rise rates tomorrow? They will

debase/devaluate Dollar to inflate out of massive DEBT, that's what they

doing.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #174,960
  • Oct 10, 2009 8:36am Oct 10, 2009 8:36am
Quoting TauTrader
Good day to you,

Sorry - was out quickly. Thank you for your charts. Just invested in a book called: " Candlestick Charting for Dummies" - I thought a "Hanging Man" was like Tarzan's nephew....
Here's a pic of my new study material. AWEESOMMME!

Watch out! This Dummy is coming....
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