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Cable Update (GBPUSD)

  • #175,961
  • Oct 14, 2009 3:42am Oct 14, 2009 3:42am
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 bullish....so...

I have to support U say...
  • #175,962
  • Oct 14, 2009 3:42am Oct 14, 2009 3:42am
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
His comment still standards, regardless of time. Technical analysis exploits the behaviour of the market, and therefore it can always be applied. It's simply a matter of whether it is done well enough.
  • #175,963
  • Oct 14, 2009 3:45am Oct 14, 2009 3:45am
i have a question n need some opinions

so situation is simple
my deposit is a tiny one only 200$
n i have a long GU 1628 since 23.09.09 just before king said he needs a weak G
so i dont close that for a month n thinking what to do with that

question ; is it looking so good for you to go to 165x in this or next week ? or i can close it little bit higher n forget it n go short from 161x or somth like that?
GL ,thanx !
  • #175,964
  • Oct 14, 2009 3:46am Oct 14, 2009 3:46am
Ups!! Not again... Like a said it was all wrong since.
  • #175,965
  • Oct 14, 2009 3:52am Oct 14, 2009 3:52am
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.

Careful shorts, 15990 is going to jump above 160 very quickly any minute now.
  • #175,966
  • Oct 14, 2009 3:52am Oct 14, 2009 3:52am
Quoting javajames
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.....
Lol,

See TA even knows what the fundie data will cause the market to do, I had a regular divergence based reversal set-up on 1min and 5min, 1min shown below by way of example @ the prev 1hr swing hi=prev res=potential rbs zone...but didn't act on it until after the data released:

G/L

http://i35.tinypic.com/2d7vbqt.gif
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1min rev a.gif Size: 19 KB
Click to Enlarge Name: z.gif Size: 4 KB
ex member
  • #175,967
  • Oct 14, 2009 4:00am Oct 14, 2009 4:00am
any idea about the cable?
  • #175,968
  • Oct 14, 2009 4:00am Oct 14, 2009 4:00am
omg should i put a stop loss @ 16040 bros??i put a selling order @ 15950 =(
  • #175,969
  • Oct 14, 2009 4:00am Oct 14, 2009 4:00am
Quoting javajames
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
I was surprised by your comments regarding TA as well. Never took you like some of the muppets who blurts rubbish around here. I meant no disrespect to you with my comments, if you feel offended I apologise.
But, TA had served my trading well so far regardless of fundies, that's the reason for me not agreeing with your sentiment earlier.
And you are right, trading without fundies is a matter of choice. And I personally have very limited knowledge fundamentally. This is an area in my trading that I am trying to improve with the help of some friends I have here at the factory
Sorry, I never said trading was gambling btw ...
Thank You
  • #175,970
  • Oct 14, 2009 4:01am Oct 14, 2009 4:01am
Wooohoooo!!!!

Refueling GASOLINA....SOARING...

WB, BB keep my case of drinks real cold, will ya guys....

Inserted Video
Hear the music before the song is over ...
  • #175,971
  • Oct 14, 2009 4:02am Oct 14, 2009 4:02am
Quoting navhin
any idea about the cable?
yes GU up it goes to 6070 then consolidation n there will be another idea i hope
if not gimme panic button ill click it for a life ))
  • #175,972
  • Oct 14, 2009 4:05am Oct 14, 2009 4:05am
Quoting seliverstov8
yes GU up it goes to 6070 then consolidation n there will be another idea i hope
if not gimme panic button ill click it for a life ))
can u post ur chart?
  • #175,973
  • Oct 14, 2009 4:06am Oct 14, 2009 4:06am
Quoting GlobalMacro
Wooohoooo!!!!

Refueling GASOLINA....SOARING...

WB, BB keep my case of drinks real cold, will ya guys....

http://www.youtube.com/watch?v=3gSuviM9uks
lol sure .. but long way to go my friend
Thank You
  • #175,974
  • Oct 14, 2009 4:06am Oct 14, 2009 4:06am
Quoting Bull_Bear
sell 1.5986... SL..1.6060.. TP to hell
Time to exit ... 1.6015

2 x 29 = -58 pips
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,975
  • Oct 14, 2009 4:07am Oct 14, 2009 4:07am
Quoting GlobalMacro
Wooohoooo!!!!

Refueling GASOLINA....SOARING...

WB, BB keep my case of drinks real cold, will ya guys....

http://www.youtube.com/watch?v=3gSuviM9uks
Far from over my friend... this dual will continue for some time.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,976
  • Oct 14, 2009 4:08am Oct 14, 2009 4:08am
Good MAE Everyone...


WOW A rocket.... 6050 and I'm toast here...
Ghost Rider - WWTBMD?
  • #175,977
  • Oct 14, 2009 4:09am Oct 14, 2009 4:09am
Quoting navhin
can u post ur chart?
its not mine one
its my brokerz
http://fxtrade.ru/sites/default/file.../u1/14.10g.gif
its fractal based

there they see upgoing from 13oct to 16170 n then drop to 57 n then if throuth to 52
supps&ress 1.6170, 1.6102, 1.6069, 1.6009, 1.5985, 1.5842, 1.5813, 1.5771 и 1.5689

http://fxtrade.ru
ps disclaimer, needs to post link )
  • #175,978
  • Oct 14, 2009 4:14am Oct 14, 2009 4:14am
Quoting seliverstov8
its not mine one
its my brokerz
http://fxtrade.ru/sites/default/file.../u1/14.10g.gif
its fractal based

there they see upgoing from 13oct to 16170 n then drop to 57 n then if throuth to 52
supps&ress 1.6170, 1.6102, 1.6069, 1.6009, 1.5985, 1.5842, 1.5813, 1.5771 и 1.5689

http://fxtrade.ru
ps disclaimer, needs to post link )
thx for the chart
  • #175,979
  • Oct 14, 2009 4:18am Oct 14, 2009 4:18am
Quoting GlobalMacro
Wooohoooo!!!!

Refueling GASOLINA....SOARING...

WB, BB keep my case of drinks real cold, will ya guys....

http://www.youtube.com/watch?v=3gSuviM9uks
nice buy man! ..i have to admit i thought u were crazy to take it ..but damnit man u hit the nail on the head..dame good trade brother!!!

btw: my ass is still short and getting roasted
  • #175,980
  • Oct 14, 2009 4:25am Oct 14, 2009 4:25am
it should retracing now
Attached Image (click to enlarge)
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