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Cable Update (GBPUSD)

  • #181,161
  • Nov 5, 2009 1:51pm Nov 5, 2009 1:51pm
gu-eu-fu
Quoting TauTrader
Good evening to you all, I need to ask forgiveness for the following post, but I need to get this out of my system...

In my mind I have this picture.... Market makers sitting in one corner - laughing at the frantic positioning of the small retail trader, whilst sipping on Black label whiskey, with a big fat cuban hanging from the lip...

I have news for you.... yes you... do not look at me like I was carried in here as a casualty.

I will rape you - I will take from your riches. I will bend your f*cking frame, you prick!

Call me Robin - Robin...
  • #181,162
  • Nov 5, 2009 1:57pm Nov 5, 2009 1:57pm
Quoting TauTrader
Good evening to you all, I need to ask forgiveness for the following post, but I need to get this out of my system...

In my mind I have this picture.... Market makers sitting in one corner - laughing at the frantic positioning of the small retail trader, whilst sipping on Black label whiskey, with a big fat cuban hanging from the lip...

I have news for you.... yes you... do not look at me like I was carried in here as a casualty.

I will rape you - I will take from your riches. I will bend your f*cking frame, you prick!

Call me Robin...
Dear Tau Trader,
Your personality should determine the profession you choose. Forex involves lots of discipline and that is the sole identity of forex traders : it reflects in even what they say and how they say it. Maybe...just maybe some find what you said funny....i can fit u as forex funny man.....but NOT a forex trader! Sorry though if offended.
www.70yrsforexfocus.blog.com
  • #181,163
  • Nov 5, 2009 1:59pm Nov 5, 2009 1:59pm
Lets see how these play out
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
Let Price determine your future!
  • #181,164
  • Nov 5, 2009 2:03pm Nov 5, 2009 2:03pm
Quoting albchr
Geppy!!

How's it going bro?
Took a small break...hows your pipping going......matey..

I am fine back to posting from tonight and tommorow onwards...

Good Luck may you have a wonderful month bro....
Let Price determine your future!
  • #181,165
  • Nov 5, 2009 2:04pm Nov 5, 2009 2:04pm
Quoting goodwings
Dear Tau Trader,
Your personality should determine the profession you choose. Forex involves lots of discipline and that is the sole identity of forex traders : it reflects in even what they say and how they say it. Maybe...just maybe some find what you said funny....i can fit u as forex funny man.....but NOT a forex trader! Sorry though if offended.
www.70yrsforexfocus.blog.com
Because you wrote this does this mean you are a forex trader.....?
Let Price determine your future!
  • #181,166
  • Edited 2:15pm Nov 5, 2009 2:05pm | Edited 2:15pm
my very short term view

my sl is only under the low of today e.g 10 pips so if market takes me out it will be a strong indication that price will break the small consolidation semi-triangle and will most likely continue to go south until we can find our next potential low sl entry...

i just try to follow what price is doing and so far it has been a long for the week, month and year !
that is just the raw price fact about cable
week month and year are UP !
this what the unbiased price opinion backed by facts is telling us so far
to me its just something i keep dearly in mind because it just reinforces the good % chance u have to win the trade with appropriate mm and risk
if this breaks down...then i`ll see what new bounces take place and where and once price approaches them just look at what it does and how does the volume changes in accordance

p.s. long @ 1.6576 SL 1.6570 tp - 1 @ 1.6634 2 @ 1.67 3tp - olympic runner
this is the long plan for now

i have no short plan in mind but definetly will look @ 1.67 or if it breaks down i`d like a 1.66 retest from below and just watch price action
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 88 KB
Click to Enlarge Name: gu1.jpg Size: 131 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #181,167
  • Nov 5, 2009 2:11pm Nov 5, 2009 2:11pm
Quoting goodwings
Dear Tau Trader,
Your personality should determine the profession you choose. Forex involves lots of discipline and that is the sole identity of forex traders : it reflects in even what they say and how they say it. Maybe...just maybe some find what you said funny....i can fit u as forex funny man.....but NOT a forex trader! Sorry though if offended.
www.70yrsforexfocus.blog.com

Perhaps you should go back through a few of his posts before you jump to conclusions again......
Ghost Rider - WWTBMD?
  • #181,168
  • Nov 5, 2009 2:13pm Nov 5, 2009 2:13pm
Quoting Geppyg
Took a small break...hows your pipping going......matey..

I am fine back to posting from tonight and tommorow onwards...

Good Luck may you have a wonderful month bro....
Not too bad bro. Hoping for a big month this month though. It'll be good to hear from you more often again...

Best wishes....
Ghost Rider - WWTBMD?
  • #181,169
  • Nov 5, 2009 2:14pm Nov 5, 2009 2:14pm
Quoting Geppyg
Lets see how these play out

I'd like to order option B please.....
Ghost Rider - WWTBMD?
  • #181,170
  • Nov 5, 2009 2:15pm Nov 5, 2009 2:15pm
Quoting albchr
Perhaps you should go back through a few of his posts before you jump to conclusions again......
Brov simple as click

Anyways back to trading.... a Quick visit to 634 then back down to 530 then a rise to 735......What are your thoughts brov
Let Price determine your future!
  • #181,171
  • Nov 5, 2009 2:19pm Nov 5, 2009 2:19pm
It's ranging Well
  • #181,172
  • Nov 5, 2009 2:19pm Nov 5, 2009 2:19pm
[quote=Geppyg;3212122]Because you wrote this does this mean you are a forex trader.....?[/QU

At least ....maybe....i just said the character of lots of traders around me.
As for me....am just a "market timer''.
www.70yrsforexfocus.blog.com
  • #181,173
  • Nov 5, 2009 2:23pm Nov 5, 2009 2:23pm
I`m short.... EU is trying to stay above the central pivot for the day, if it falls i think gu will be dragged lower too.

At least untill 1.6560, where Gu`s central pivot is.

Also since it`s friday, we might see it drop in asia/eu sessions just to see it back up in US and finish the weekly candle as a nice bull one...

All the best!


EDIT: The other option is long with SL under central pivot...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
  • #181,174
  • Nov 5, 2009 2:23pm Nov 5, 2009 2:23pm
[quote=goodwings;3212151]
Quoting Geppyg
Because you wrote this does this mean you are a forex trader.....?[/QU

At least ....maybe....i just said the character of lots of traders around me.
As for me....am just a "market timer''.
www.70yrsforexfocus.blog.com
That was a question as to understanding the persona of a forex trader ...
Nothing more than that....
Good Luck
Let Price determine your future!
  • #181,175
  • Nov 5, 2009 2:30pm Nov 5, 2009 2:30pm
Quoting Geppyg
Brov simple as click

Anyways back to trading.... a Quick visit to 634 then back down to 530 then a rise to 735......What are your thoughts brov

Very true bro...click that is...lol

Very much the same actually except I don't know about the 735 part. (too much a newbie to see that far out...lol)

Currently holding shorts from 661 and 658 looking for the first two steps you mention though.
Ghost Rider - WWTBMD?
  • #181,176
  • Nov 5, 2009 2:39pm Nov 5, 2009 2:39pm
Quoting albchr
Very true bro...click that is...lol

Very much the same actually except I don't know about the 735 part. (too much a newbie to see that far out...lol)

Currently holding shorts from 661 and 658 looking for the first two steps you mention though.
You are the man good short at 6610....
to be honest brov...I have not taken any positions yet and am waiting for a good short...or a good long..

The options are as follows
1. Break of 4 Hourly UTL with a small SL Good RR
2. BREAK of Triangle LTL with a bigger SL for Stop hunts
3. Long at LTL of triangle with a small stop.Good RR
4. Short at 4hrly UTL with s a small stop

I will be patient and wait for these trades to come through..

Good Luck GeppyG
Let Price determine your future!
  • #181,177
  • Nov 5, 2009 2:44pm Nov 5, 2009 2:44pm
Try 6400 if we get a 4 hr bounce here. And its looking like it.

Quoting Wincent
strong support - very strong support at 6620
I wish that it never broke.

then will see that on 6530 again even 6515.
  • #181,178
  • Nov 5, 2009 2:54pm Nov 5, 2009 2:54pm
Quoting Geppyg
You are the man good short at 6610....
to be honest brov...I have not taken any positions yet and am waiting for a good short...or a good long..

The options are as follows
1. Break of 4 Hourly UTL with a small SL Good RR
2. BREAK of Triangle LTL with a bigger SL for Stop hunts
3. Long at LTL of triangle with a small stop.Good RR
4. Short at 4hrly UTL with s a small stop

I will be patient and wait for these trades to come through..

Good Luck GeppyG
.. You have instilled confidence in my thinking then sir! If we break 6700 and hold I'll reverse.

Always a good feeling to be in good company...

Anyway, time for a bit of food and a couple hours shut eye. See you all in London.
Ghost Rider - WWTBMD?
  • #181,179
  • Nov 5, 2009 3:00pm Nov 5, 2009 3:00pm
did you have a date with bob again ?

week . month and year are up ... lol ... this made me laugh as I know how you trade....

been on ES again today ..and GJ , think we may have upside target 151.50 thru to London

Quoting djambazov84
my very short term view

my sl is only under the low of today e.g 10 pips so if market takes me out it will be a strong indication that price will break the small consolidation semi-triangle and will most likely continue to go south until we can find our next potential low sl entry...

i just try to follow what price is doing and so far it has been a long for the week, month and year !
that is just the raw price fact about cable
week month and year are UP !
this what the unbiased price opinion backed by facts is telling us so far
to me its just...
Blogging daily now at www.volume.zone
  • #181,180
  • Nov 5, 2009 3:06pm Nov 5, 2009 3:06pm
Quoting malcolmb14
did you have a date with bob again ?

week . month and year are up ... lol ... this made me laugh as I know how you trade....

been on ES again today ..and GJ , think we may have upside target 151.50 thru to London

ok since ur too shy to show up on skype and ur probably playing on call of duty instead of following the market i`ll give u just the raw facts that i ONLY keep on the back of my mind but try to trade it day by day

year
low 1.3502
high 1.7040
UP

month (OCT)
low1.5707
hi 1.6693
close 1.6452
UP

month (NOV)
u can see it for urself

week:
ofcourse we all know cable is up

keep that in mind

if u had to put a gun to my head and ask me for bias i`m bullish usd but i try to refrain from predictions just possibilities and probabilites
oh and bob says hello
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
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