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Cable Update (GBPUSD)

  • #181,561
  • Nov 8, 2009 5:05pm Nov 8, 2009 5:05pm
Quoting Bones
Seriously Navs not giving buy sell signals here so what’s the problem? All hes done is provided his POV and for that matter if we weren’t in range I doubt very much if he would find himself in a negative position at this stage ,but not lost yet tho ?
hes playing the long ball and made that clear ,anyone following is at their own risk ,in the end we all learn from each other right or wrong don’t you think?
I am one for firstly stating that any position can be profitable given a long enough hold, this is not the issue.

The forum has been short biased over the last few weeks and I have seen a lot of traders losing a good chunk of change if not playing themselves out of market based on just this.

It goes without saying that the smart money over the last few weeks would be placed in long positions, but I am still seeing a lot of short calls flowing over the pages, and a lot of bullying that goes along with it, NAV himself has put himself into this arena.

Getting past this...

Charts are continually posted as well as support and resistance ranges that are continually broken siding with a long chart, and still, people are screaming "SHORT"!

AGAIN this is a game of Boy Who Crys Wolf...hoping to one day be correct.

I have to side with Turvey here, why not play the direction of the market instead of playing forecasts?

Over the time I have been reading this forum and continuing my own personal growth and learning it has always been a place of learning and cautions of money management, but so much has since changed.

We are now in a popularity contest, learning has come to a halt, and a lot of new traders are being led to slaughter.

It is offensive.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,562
  • Nov 8, 2009 5:06pm Nov 8, 2009 5:06pm
Quoting DubaiFX
Thanks bro for your voucher..

anyways im still short as i meintioned before months also when it was at 1.6424 and went down to 1.5800
my targets are same bro
1.6280 for half positions and other half 1.6050
lets see if i am wrong
currently 4 trades in Red
but when it comes to trading i make a plan and trade my plan i am notl ike ppl in ff here 1 hour they are long sudden drop they say short
im trading my own analysis and it worked for me so that's y i am holding this position
Mr.market is always right
time will tell

Take care
Choose.Wisely...
great bro .. the one who fallow his tested plan will win the game in the end.
Never sell @ lower upward channel unless breacked and vise versa .
  • #181,563
  • Nov 8, 2009 5:14pm Nov 8, 2009 5:14pm
Quoting Magix
I am one for firstly stating that any position can be profitable given a long enough hold, this is not the issue.

The forum has been short biased over the last few weeks and I have seen a lot of traders losing a good chunk of change if not playing themselves out of market based on just this.

It goes without saying that the smart money over the last few weeks would be placed in long positions, but I am still seeing a lot of short calls flowing over the pages, and a lot of bullying that goes along with it, NAV himself has put himself into this...
In this battle of US (meaning all of us on this forum) and THEM (the market, rich twats who manipulate the market, banks etc), we are at the moment taking our eye off the ball. This is not doing US any good but will make us lose further as our attention is being diverted especially for all the newbies.

NO MORE ARGUING!!!! Please.

OK Magix & T lets start helping by posting charts and other helpful info. I am not taking sides here but trying to get FF back to normal.

Tomorrow is a new day and a start to a new week. Lets start fresh and make some pips .

Good luck to everyone here.
You've got to be IN IT to WIN IT!
  • #181,564
  • Nov 8, 2009 5:16pm Nov 8, 2009 5:16pm
Quoting WedWed
great bro .. the one who fallow his tested plan will win the game in the end.
Yes bro thanks
This is the key to success in FOREX.

Trade.Well
Don't compare your Trades with Others
  • #181,565
  • Nov 8, 2009 5:22pm Nov 8, 2009 5:22pm
Quoting Ifty
In this battle of US (meaning all of us on this forum) and THEM (the market, rich twats who manipulate the market, banks etc), we are at the moment taking our eye off the ball. This is not doing US any good but will make us lose further as our attention is being diverted especially for all the newbies.

NO MORE ARGUING!!!! Please.

OK Magix & T lets start helping by posting charts and other helpful info. I am not taking sides here but trying to get FF back to normal.

Tomorrow is a new day and a start to a new week. Lets start fresh and...

Point taken.

All respect!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,566
  • Nov 8, 2009 5:36pm Nov 8, 2009 5:36pm
Over the last few weeks, I have been simplifying my charts and playing off of the shorter term. From here, I have found the 15m chart to help me follow the direction of the longer 1hr and 4hr chart.

The red lines on the chart are a 24d Moving average. When we cross below them on a single time frame, we look for support on the following. As we cross above them on the shorter time frames, we look at the following as resistance.

A worthy watch and work out fairly well when applied to the longer 1hr, 4hr and daily.

I wait for a turn confirmation after price has held below these lines on the longer charts for 3 consecutive candles.

Currently I am short for the gap fill, but check the 15m and 1hr for support ranges, I will be out of market until NY open Monday after closing the gap and completing the cycle. Best o luck TRADERS!
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,567
  • Nov 8, 2009 5:37pm Nov 8, 2009 5:37pm
Quoting Ifty
In this battle of US (meaning all of us on this forum) and THEM (the market, rich twats who manipulate the market, banks etc), we are at the moment taking our eye off the ball. This is not doing US any good but will make us lose further as our attention is being diverted especially for all the newbies.

NO MORE ARGUING!!!! Please.

OK Magix & T lets start helping by posting charts and other helpful info. I am not taking sides here but trying to get FF back to normal.

Tomorrow is a new day and a start to a new week. Lets start fresh and make...

a) it's the weekend, markets are closed!!
b) The thread isn't posting helpful info it's the exact opposite this forum and the bad teaching is likely costing a lot of newbie's a lot of money, sorry if I don't stand back and watch idolly as this happens.
c) Posting charts with lines drawn randomly, is merely opinions sadly very few of them will have any relevance to what'll happen over the next 8hours let alone week.
d) Luck isn't real, so not required thanks.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,568
  • Nov 8, 2009 5:48pm Nov 8, 2009 5:48pm
Quoting Turveyd
a) it's the weekend, markets are closed!!
b) The thread isn't posting helpful info it's the exact opposite this forum and the bad teaching is likely costing a lot of newbie's a lot of money, sorry if I don't stand back and watch idolly as this happens.
c) Posting charts with lines drawn randomly, is merely opinions sadly very few of them will have any relevance to what'll happen over the next 8hours let alone week.
d) Luck isn't real, so not required thanks.

Suit yourself. Well done to Magix for complying. 1 out of 2 I suppose will have to do for now.
You've got to be IN IT to WIN IT!
  • #181,569
  • Nov 8, 2009 5:55pm Nov 8, 2009 5:55pm
Quoting Ifty
Suit yourself. Well done to Magix for complying. 1 out of 2 I suppose will have to do for now.

Try moderating the forever shorters if you want to help people.

If these people are bashing me and not talking about trading then I've helped you just don't realise it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,570
  • Nov 8, 2009 6:03pm Nov 8, 2009 6:03pm
Hi All,

I hope the time I did spend on here i was able to give some useful information and charting knowledge out...

I dont have time for posting and getting such abuse back in return..

Good luck..

This will be my lost post on this thread .

GeppyG
Let Price determine your future!
  • #181,571
  • Nov 8, 2009 6:10pm Nov 8, 2009 6:10pm
Quoting m.haggag
ok , I'm on short sell .....filling the gap

got it +42 with v.high volume at the first moments of the week .

i hope nice week for all too ,isa .
  • #181,572
  • Nov 8, 2009 6:10pm Nov 8, 2009 6:10pm
Quoting Geppyg
Hi All,

I hope the time I did spend on here i was able to give some useful information and charting knowledge out...

I dont have time for posting and getting such abuse back in return..

Good luck..

This will be my lost post on this thread .

GeppyG
GeppyG please NO !!! Why let one person spoil it for the rest of us. I always appreciate your input so please re-think.
You've got to be IN IT to WIN IT!
  • #181,573
  • Nov 8, 2009 6:10pm Nov 8, 2009 6:10pm
Quoting Geppyg
Hi All,

I hope the time I did spend on here i was able to give some useful information and charting knowledge out...

I dont have time for posting and getting such abuse back in return..

Good luck..

This will be my lost post on this thread .

GeppyG

LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,574
  • Nov 8, 2009 6:13pm Nov 8, 2009 6:13pm
Quoting m.haggag
got it +42 with v.high volume at the first moments of the week .

i hope nice week for all too ,isa .
thanks haggag v.much
  • #181,575
  • Nov 8, 2009 6:16pm Nov 8, 2009 6:16pm
Quoting Geppyg
Hi All,

I hope the time I did spend on here i was able to give some useful information and charting knowledge out...

I dont have time for posting and getting such abuse back in return..

Good luck..

This will be my lost post on this thread .

GeppyG
I agree, I'm with you on that one. Not many professionals on this thread any more.

I'll be in the G/U G/J and U/J interactive trading thread only from now on, link here:

http://www.forexfactory.com/showthread.php?t=199926

Look forward to seeing you there .
  • #181,576
  • Nov 8, 2009 6:21pm Nov 8, 2009 6:21pm
Quoting direct-trade
I agree, I'm with you on that one. Not many professionals on this thread any more.

I'll be in the G/U G/J and U/J interactive trading thread only from now on, link here:

http://www.forexfactory.com/showthread.php?t=199926

Look forward to seeing you there .

Actually I think your agreeing with me and Magix there that this thread has turned into a joke and is doing way more harm than good.


I expect to be banned from there already don't worry
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,577
  • Nov 8, 2009 6:25pm Nov 8, 2009 6:25pm
Funny how my broker MT4 charts lost connection to the server just as we touch support on the 15m chart, but watching price and going off of the last chart I posted, I hope the folk interested in learning and reading charts appreciate the support lines from the 15m..

Since I have seen the way this plays out, I no longer feel the need to trap myself in a losing position or marry a trade for any length of time, watch for the turns, set the plays and take the money.

Have a great evening all.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,578
  • Nov 8, 2009 6:32pm Nov 8, 2009 6:32pm
Quoting Magix
Funny how my broker MT4 charts lost connection to the server just as we touch support on the 15m chart, but watching price and going off of the last chart I posted, I hope the folk interested in learning and reading charts appreciate the support lines from the 15m..

Since I have seen the way this plays out, I no longer feel the need to trap myself in a losing position or marry a trade for any length of time, watch for the turns, set the plays and take the money.

Have a great evening all.

This is what my chart setup called, it wasn't worth anything and I didn't play it but...


GU pulled back to the 200ema line ( I have a few pip range to filter inaccuracy ), and Buy programs kicked in pushing it back higher this happens all the time, basically what I trade use my SMA's for entry areas on pull backs with the direction at the time.

My SL would of been either 10 area ( depending on exact entry ) and I'd be + 30 here already ohhh it was worth something

Or I could risked a SL under the magenta ( 600sma ) and the green dotted line ( 1440sma ) and doubled up my position near it, as good odds on a bounce from there to.


See Charts, with no forecasting required simple really!!
Attached Image (click to enlarge)
Click to Enlarge Name: back to 200ema then uptrend held.gif Size: 15 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,579
  • Nov 8, 2009 6:33pm Nov 8, 2009 6:33pm
Quoting direct-trade
I agree, I'm with you on that one. Not many professionals on this thread any more.

I'll be in the G/U G/J and U/J interactive trading thread only from now on, link here:

http://www.forexfactory.com/showthread.php?t=199926

Look forward to seeing you there .
Professionals posting on a public board? Funny, I thought of this as a place for a lot of us newbs to share ideas and learn the markets together....

I know a lot will be sad to see that GeppyG guy go, but really...Somebody that is more passionate about flaming other than is about the game of trading might belong on a thread equivalent to a padded room.

As for yourself DT...Lotta respect for ya mang, glad to see that as you are improving yourself and your trades you move on to better places, not only in your account but also in the quality of traders you align yourself with.

I am a sucker for staying where I started, learned a lot here over the time I have spent, would like to offer it up to others.

I too gave up on this place a couple weeks back because of the short side mentality, but as a lot of these are moving on, maybe this place will once again join the ranks of a great room for traders to discuss the trade, not a pissing or popularity contest.

Good luck mango!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,580
  • Nov 8, 2009 6:37pm Nov 8, 2009 6:37pm
Quoting Magix

I too gave up on this place a couple weeks back because of the short side mentality, but as a lot of these are moving on

Moving on, read lost there account and given up!!

Sad really, trading is easy if you ignore all the BS, there is no reason for anyone not to be able to trade profitably, ignoring it is the tricky part though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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