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Cable Update (GBPUSD)

  • #175,941
  • Oct 14, 2009 3:15am Oct 14, 2009 3:15am
Quoting bbmac
Depends on your technical trading methodology, this is a gross generalisation. Ridiculous statement to suggest tech analysis is of no use...I am getting along fine with it as are many others in this and other pa environments...trading what I see, not what I might be thinking..

G/L
Sorry I did'nt say that, I'm a technical analysis trader (ichimoku) and just said AT THE MOMENT technical analysis won't help you to trade profitably....

BTW stupid reading and use of insulting words doesn't mean you are a trader or even a wise man

GL
Non licet omnibus adire Corinthum
  • #175,942
  • Oct 14, 2009 3:16am Oct 14, 2009 3:16am
Quoting direct-trade
Intresting...

My account/s actually look quite healthy due to GBP.

GL.
DT are you still sideline bro? She going south now mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,943
  • Oct 14, 2009 3:18am Oct 14, 2009 3:18am
Quoting direct-trade
Intresting...

My account/s actually look quite healthy due to GBP.

GL.
Mine too also due to GBP and other pairs, and oil, gold.....
Thanks

GL
Non licet omnibus adire Corinthum
  • #175,944
  • Oct 14, 2009 3:19am Oct 14, 2009 3:19am
Quoting javajames

ATM economic fundamentals rule and explain everything and technical analysis of PA is no use.....£ is up cos $ is down and THAT'S ALL FOLKS !!!!!

GL to all
I disagree. PA had been fine for me so far.
And I rather be trading cable than gold atm. Trade gold now & you'll be sitting duck.
Thank You
  • #175,945
  • Oct 14, 2009 3:19am Oct 14, 2009 3:19am
Quoting javajames
Hi guys,

ATM it's time to remember currency prices reflect economy health of respective countries and currently GB is bad but US is still worse...to-day will be a perfect example: we'll have bad figures for employment in GB and we'll have very very bad news for retail sales in US.....

ATM economic fundamentals rule and explain everything and technical analysis of PA is no use.....£ is up cos $ is down and THAT'S ALL FOLKS !!!!!

ATM trying to trade GU is like committing suicide for your accounts......Trend is bearish and bias is...
Speaking as someone who takes a strong interest in all things fundamental, I still find your statement to be both a baseless and an empty generalisation.

It may be the case that your technical analysis of price action is of no use whatsoever, I don't know, but do not apply that fact as a blanket statement to define all traders of cable.

It is often the case on these forums that traders believe their chosen method is the only approach that works and all others (the ones they don't fully understand) are doomed to failure.
  • #175,946
  • Oct 14, 2009 3:20am Oct 14, 2009 3:20am
Quoting javajames
Sorry I did'nt say that, I'm a technical analysis trader (ichimoku) and just said AT THE MOMENT technical analysis won't help you to trade profitably....

BTW stupid reading and use of insulting words doesn't mean you are a trader or even a wise man

GL


Sorry you find my assertion that your statement is ridiculous insulting, but that is just a fact, like it or leave it, the truth is your friend, it cannot hurt you, lol.

FACT 1: TA can help in all pa conditions including this one (even if your own is not atm) and will help you trde profitably...look at the number of folk who shorted the current 5991 top based on TA as an example
FACT 2: Gbpusd is not neccessailly suicidal to your account atm.
FACT 3: There are no absolutes in tech or fundie trading, and absolute statements like yours are misleading,..Period.

G/L
ex member
  • #175,947
  • Oct 14, 2009 3:23am Oct 14, 2009 3:23am
Quoting Bull_Bear
Exactly my sentiments
yea... there's this air of revenge in my current position right now. Not good.

1. Stop loss - check
2. Anger management - check
3. Anger management - check
4. Anger management - check. WOOOOOHHSAAAAA

Thank You
  • #175,948
  • Oct 14, 2009 3:23am Oct 14, 2009 3:23am
Quoting wormboy
I disagree. PA had been fine for me so far.
And I rather be trading cable than gold. Trade gold now & you'll be sitting duck.
Again I said AT THE MOMENT....but of course you may disagree.....

My gold trading (bullish from from September 2nd) is quite fine....thanks

GL
Non licet omnibus adire Corinthum
  • #175,949
  • Oct 14, 2009 3:27am Oct 14, 2009 3:27am
Quoting javajames
Mine too also due to GBP and other pairs, and oil, gold.....
Thanks

GL


I understand you are trying to help those who are throwing good money after bad.

I agree that PA this Month has been terrible and damaged a lot of accounts. Thank goodness I managed to jump out at 15720 before this ride North from the tape giving away the clues.

Doji's, hammers and probably TL's etc etc will not be respected and are being walked all over ATM, the only way to trade GBP this week is by the seat of your pants and raw PA IMHO.

I am on the sidelines until I see what "Really" happens here at the 15950-160 level, many Shorts sitting here just ripe for a quick Stop Hunt IMHO.

I am sure many inexperienced/new traders have been burnt quite recently.

Good luck in all your trades and all the best



All the best
  • #175,950
  • Oct 14, 2009 3:28am Oct 14, 2009 3:28am
Quoting Bull_Bear
DT are you still sideline bro? She going south now mate
Are there any specific south target MR BULL BEAR? 15800 again? Thx
  • #175,951
  • Oct 14, 2009 3:29am Oct 14, 2009 3:29am
Quoting javajames
Again I said AT THE MOMENT....but of course you may disagree.....

My gold trading (bullish from from September 2nd) is quite fine....thanks

GL
yes sir, as you said, AT THE MOMENT. Won't be too easy if you had to pick up gold now really.
And my cable trade (bearish from Sept 14) is fine too

Good luck with your trades.
Thank You
  • #175,952
  • Oct 14, 2009 3:32am Oct 14, 2009 3:32am
Quoting Gainmoney
Are there any specific south target MR BULL BEAR? 15800 again? Thx
Quoting Bull_Bear
sell 1.5986... SL..1.6060.. TP to hell
Open play by ear...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,953
  • Oct 14, 2009 3:32am Oct 14, 2009 3:32am
Quoting bbmac
Sorry you find my assertion that your statement is ridiculous insulting, but that is just a fact, like it or leave it, the truth is your friend, it cannot hurt you, lol.

FACT 1: TA can help in all pa conditions including this one (even if your own is not atm) and will help you trde profitably...look at the number of folk who shorted the current 5991 top based on TA as an example
FACT 2: Gbpusd is not neccessailly suicidal to your account atm.
FACT 3: There are no absolutes in tech or fundie trading, and absolute statements like yours are misleading,..Period....
Sorry none of your facts is an argument.... I take your truth as it is ....just BS and won't answer again ....my time is precious and used for trading .....

Bye and wish you GL for your GU trading ATM

BTW show us your performance on to-day and to-morrow trade on GU.....
Non licet omnibus adire Corinthum
  • #175,954
  • Oct 14, 2009 3:33am Oct 14, 2009 3:33am
Quoting Bull_Bear
DT are you still sideline bro? She going south now mate

Yes mate, just waiting for confirmation...don't want to jump in early and then hit Buy orders/ stop hunt. Maybe too cautious, just gut instinct telling me something is very wrong about going Short here at 15990.

I still think they wanted everyone to go Short here so they could stop them out above 160...time will tell bro and of course, I could be completely wrong and miss out on a very fast drop if it happens.
  • #175,955
  • Oct 14, 2009 3:34am Oct 14, 2009 3:34am
good mae (yeah now i now what is it)
closed my shorts yestrday & today... shitty looking... shitty stats... i meen its not what i expected, its not doing some south movments on charts,

where is 'south express' maybe out of fuel ?
  • #175,956
  • Oct 14, 2009 3:35am Oct 14, 2009 3:35am
Quoting GlobalMacro
Good Morning,

Buying more at these bargain levels here @ 1.5712

Long AvgPrc now @ 1.5748

Good Morning,

Price re-entered and exited the triangle after trapping all the bears on false breakout on Monday as anticipated...

Active long position summary:

+287 pips from 1.5712
+178 pips from 1.5821

Total Open: +465 pips

Will Continue to hold long position!
Attached Image
Hear the music before the song is over ...
  • #175,957
  • Oct 14, 2009 3:36am Oct 14, 2009 3:36am
gbp/usd is hiking up it seems
  • #175,958
  • Oct 14, 2009 3:37am Oct 14, 2009 3:37am
Quoting egkid
Thans for reply
My sys got long signal @1.5790 "Green arrow on my chart"
As i said we going to 1.6040 from there if still strong.... we could see 1.6177
For me waiting to short because i lost entry for long so my rule no chase wait for short
Yeah nice it goes as i view.No short till now Not yet
  • #175,959
  • Oct 14, 2009 3:40am Oct 14, 2009 3:40am
Quoting direct-trade
Yes mate, just waiting for confirmation...don't want to jump in early and then hit Buy orders/ stop hunt. Maybe too cautious, just gut instinct telling me something is very wrong about going Short here at 15990.

I still think they wanted everyone to go Short here so they could stop them out above 160...time will tell bro and of course, I could be completely wrong and miss out on a very fast drop if it happens.
I'm hang'n onto my short... 4h close above 1.6000 down trend in serious trouble..... She must hold the fort....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,960
  • Oct 14, 2009 3:41am Oct 14, 2009 3:41am
Quoting wormboy
yes sir, as you said, AT THE MOMENT. Won't be too easy if you had to pick up gold now really.
And my cable trade (bearish from Sept 14) is fine too

Good luck with your trades.
I had the same, dear sir, and currently still bullish on gold....

Saw you as a wise trader....previously......so a bit surprised from your comment.....

Trading without studying fundamentals is a choice.....I'm just not sure it's a safe one and ATM I'm sure it's not.....

I believe we could agree together that trading is not gambling....even if some here (your friends ?????) don't see any difference....

Good luck with your trades
Non licet omnibus adire Corinthum
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