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Cable Update (GBPUSD)

  • #193,861
  • Jan 18, 2010 6:55am Jan 18, 2010 6:55am
Well here's my view

I expect a drop in cable fairly soon, possibly as low as 1.60, but then we resume the uptrend as I think we are now in one. The trouble is trying to pick a top will be tricky and it could explode up before comming back down. There are enough lines though to make me try for a short, stops in the region of 1.64

But with no action across the pond today it may do something wierd.


http://i48.tinypic.com/vpgrnp.jpg
  • #193,862
  • Jan 18, 2010 6:59am Jan 18, 2010 6:59am
Firstly it's so good to see some of the regulars from last year drop in.

Secondly it's reassuring to hear the same message I posted earlier on this year which was received negatively

I don't think we can ever stop the dull calls or posts, but we can sure try and encourage more from those that do post charts/questions/analysis.

my 2 cents - take with grains of salt.
A pip is only worth it if you know how much you risked to earn it
  • #193,863
  • Jan 18, 2010 7:02am Jan 18, 2010 7:02am
forex = learn and learn and learn every day the info comes from
other ppl or books thats the only source . with forums we can learn
we dont need to jump at each others every time some body ask for info helping each others the way to beat the market makers and get the money out of them they are killen us room

just a thought
  • #193,864
  • Jan 18, 2010 7:05am Jan 18, 2010 7:05am
Quoting Baby-Trader
Good Point Geppyg.
I sent this 9th Jan
http://www.forexfactory.com/showthre...89#post3352589

now I'm underwater because I trade what I think not what I see.
this is a very hard lesson
bt how are u bro hope u shorts doing good
  • #193,865
  • Jan 18, 2010 7:07am Jan 18, 2010 7:07am
Quoting Geppyg
Lol I was joking brov...this guy calling fundamental shots like an astrologer...

Brov...Lets discuss your trade brov tell me your entry, exit and stop loss
My Friend cable has not been the best of pairs to trade...its not you my friend...It has been a bit of a scalp and swing mayhem over the last 2 months...Brov...Take it easy..
I know you trade for a living brov...but I would move away from cable...and move on to yen pairs...much easier and predictable to trade.....

Take care let me know if you need anything pm me you email address as well
I was of course, also joking my friend...

Yeah cable has lived up to being the bitch she is. I did a touch over 7% last week with her but blew it all in 3 trades this morning...

I'll PM you bro...

Vlady!!!
Ghost Rider - WWTBMD?
  • #193,866
  • Jan 18, 2010 7:07am Jan 18, 2010 7:07am
Quoting Geppyg
I need some help too...you seem to have good fundamental trading knowledge may be i can learn something from you ...
Chris/ Nirav stop pulling the guy's legs. If you're newbies then I'm santa claus.

Guys, 2 words - "happy button". Problems solved
Thank You
  • #193,867
  • Jan 18, 2010 7:11am Jan 18, 2010 7:11am
Quoting albchr
Yeah cable has lived up to being the bitch she is. I did a touch over 7% last week with her but blew it all in 3 trades this morning...

Vlady!!!
Hey Chris,
Great to see ya on here! I know you got another thread going on which I'll take a look at soon! Sorry to hear about the drawdowns..... i did one earlier this year on my 2nd day back.... stupid and silly mistake - wiped out $1000+.....

Good thing though is my new attitude and approach must be paying off cos I got $850 back Trying not to over-trade!

Maybe I can pick your brain re the Dragon laterz on? I'll PM you.
A pip is only worth it if you know how much you risked to earn it
  • #193,868
  • Jan 18, 2010 7:12am Jan 18, 2010 7:12am
Quoting wormboy
Chris/ Nirav stop pulling the guy's legs. If you're newbies then I'm santa claus.

Guys, 2 words - "happy button". Problems solved

salam bro
a word of wisdom
  • #193,869
  • Jan 18, 2010 7:12am Jan 18, 2010 7:12am
My 2cent view...
Just need to alert for invert cup with handle formation....
Attached Image (click to enlarge)
Click to Enlarge Name: GU daily cup with handle.jpg Size: 186 KB
  • #193,870
  • Jan 18, 2010 7:14am Jan 18, 2010 7:14am
Quoting wormboy
Chris/ Nirav stop pulling the guy's legs. If you're newbies then I'm santa claus.

Guys, 2 words - "happy button". Problems solved
Well, you're fat enough. Just need to grow a big gray beard bro...
Ghost Rider - WWTBMD?
  • #193,871
  • Jan 18, 2010 7:17am Jan 18, 2010 7:17am
Quoting wormboy
Chris/ Nirav stop pulling the guy's legs. If you're newbies then I'm santa claus.

Guys, 2 words - "happy button". Problems solved
Hows it going Azim bro,

Have you got any good news yet for me ????


Take care
Let Price determine your future!
  • #193,872
  • Jan 18, 2010 7:17am Jan 18, 2010 7:17am
Quoting vlady1974
Hey Chris,
Great to see ya on here! I know you got another thread going on which I'll take a look at soon! Sorry to hear about the drawdowns..... i did one earlier this year on my 2nd day back.... stupid and silly mistake - wiped out $1000+.....

Good thing though is my new attitude and approach must be paying off cos I got $850 back Trying not to over-trade!

Maybe I can pick your brain re the Dragon laterz on? I'll PM you.

Really good to see you too sweetie!! Azim is your man for brians about dragon. I STILL shy away from the beast myself...

It happens to all of us and my trades this morning were very stupid. I broke 3 of my rules and the results show it...LOL I'll get it back and it's great to hear you are as well...
Ghost Rider - WWTBMD?
  • #193,873
  • Jan 18, 2010 7:21am Jan 18, 2010 7:21am
Quoting kill56
salam bro
a word of wisdom
wsalam bro.
Thank You
  • #193,874
  • Jan 18, 2010 7:22am Jan 18, 2010 7:22am
Quoting albchr
Well, you're fat enough. Just need to grow a big gray beard bro...
I'm not fat, I'm just big boned!
Tau's the centurion
Thank You
  • #193,875
  • Edited 7:48am Jan 18, 2010 7:23am | Edited 7:48am
US Bank Holiday ? ---> SHORT !

Simple reason :

1. The majority global currencies is using USD
2. Bank Holiday ---> USD is less in the market
3. Will make stronger USD then !

But I maybe wrong !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,876
  • Jan 18, 2010 7:24am Jan 18, 2010 7:24am
Quoting Geppyg
Hows it going Azim bro,

Have you got any good news yet for me ????


Take care
Going good bro.

What good news be that?
If it's regarding my cable short working out, it absolutely is. 6227 please
If it's regarding my jr. , he's absolutely coming bro, 2 weeks time yipeee

Take care too bro
Thank You
  • #193,877
  • Jan 18, 2010 7:27am Jan 18, 2010 7:27am
Quoting wormboy
I'm not fat, I'm just big boned!
Tau's the centurion
Ghost Rider - WWTBMD?
  • #193,878
  • Jan 18, 2010 7:27am Jan 18, 2010 7:27am
Quoting Geppyg
Lol I was joking brov...this guy calling fundamental shots like an astrologer...

Brov...Lets discuss your trade brov tell me your entry, exit and stop loss
My Friend cable has not been the best of pairs to trade...its not you my friend...It has been a bit of a scalp and swing mayhem over the last 2 months...Brov...Take it easy..
I know you trade for a living brov...but I would move away from cable...and move on to yen pairs...much easier and predictable to trade.....

Take care let me know if you need anything pm me you email address as well
That is great advice, Geppyg. Thanks. I am OK in TA but in last 2 weeks have found it to be terribly deceptive. Down, down down, take the stops out and then Zoom up and the reverse. Like someone say BOE and Sachs boxes keeping all our profits well locked away. Fotunately, I have kept out of the traps but then no trading !
As you advice, time to take a look at other pairs - Yen plays.
Thanks.
  • #193,879
  • Jan 18, 2010 7:28am Jan 18, 2010 7:28am
Quoting wormboy
Going good bro.

What good news be that?
If it's regarding my cable short working out, it absolutely is. 6227 please
If it's regarding my jr. , he's absolutely coming bro, 2 weeks time yipeee

Take care too bro
There you go thats your short taken care off...
Now waiting for the very good news ie trader junior...2 weeks cool let me know brov....When Mr Junior Arrives

Take it easy
Let Price determine your future!
  • #193,880
  • Jan 18, 2010 7:28am Jan 18, 2010 7:28am
Quoting wormboy
Going good bro.

What good news be that?
If it's regarding my cable short working out, it absolutely is. 6227 please
If it's regarding my jr. , he's absolutely coming bro, 2 weeks time yipeee

Take care too bro
Healthy, Happy and trouble free!! All my prayers brother!!
Ghost Rider - WWTBMD?
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