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Cable Update (GBPUSD)

  • #199,281
  • Feb 12, 2010 3:09am Feb 12, 2010 3:09am
Quoting TerpFan2
Mwa FrikA...

Just a little tad of insight,
Just 'Google' "Big Ben" method...
-This is elementry w/London. It fit's in to
all they do, to confuse you- And I, etc...

However,
as traders we all learn different pieces of the puzzle,
CTiC, of course has learned more &- has probably in his "Tool Kit"
More, than you -or i, even more 'Edges', he know's he can utilize,
That the market gives him.
Actually they are there for ALL of us, to see and act upon,
to "Turn & Burn" as i'd say, we just don't see all of them yet, necessarilly.
-The...
Let me take a pip at big bens method and find that Edge.It is so damn elusive.Good trading to you too.
  • #199,282
  • Feb 12, 2010 3:10am Feb 12, 2010 3:10am
we would break this point to see 1.68, but i don't think its immediately. It may rally to break........MY VIEW
  • #199,283
  • Feb 12, 2010 3:13am Feb 12, 2010 3:13am
Hello CTIC, I have been trading for about 6mo.. I am using a demo account still. I have been reading all of your post as well as a few others in the room. I want to learn fibonacci can you give any advise as to the best place to look and learn. Thanks in advance for your time.
  • #199,284
  • Feb 12, 2010 3:14am Feb 12, 2010 3:14am
Quoting fendi
we would break this point to see 1.68, but i don't think its immediately. It may rally to break........MY VIEW
1.58 or 1.68? 1.68 seems a little out of reach for right now, many levels of resistance between here and there, unless Bernake declares that the U.S. is declaring bankruptcy.
  • #199,285
  • Edited 3:23am Feb 12, 2010 3:21am | Edited 3:23am
Ahh Yes, i agree Mwa Frika...
(So Elusive),

However,
It's like the game of golf, -Tough on your pride,
No matter who you are.

But that's why you "play", come back &-
KEEP coming back to play/learn more!
(Something you cannot completely 'Master' in one sense);
There in lies the curiosity & the 'Self Discovery' in trading.

Again,
As CTiC says, (Thank CTic, great to hear from you)...
"Not all Method's" or 'Edges' in my Mark Douglas PhyscO-Babble,
always work. You just 'Turn 'Em & Burn 'Em...
Thanks Mwafrika,
Best of Trading to you...

'Waiting for "98" to break on my 'Edge', may -or may not "Crack"
However...! !
I will work to Objectively Identify my Edges
  • #199,286
  • Feb 12, 2010 3:24am Feb 12, 2010 3:24am
Quoting Wanger
Hello CTIC, I have been trading for about 6mo.. I am using a demo account still. I have been reading all of your post as well as a few others in the room. I want to learn fibonacci can you give any advise as to the best place to look and learn. Thanks in advance for your time.
I originally got interested in them by a book titled Technical Analysis from A to Z by Steven B. Achelis. The book doesn't really teach you everything you need to know but it has the basics of many different techniques (hence A to Z). I researched quite a bit, but the biggest teacher I had was trial and error. Like learning to ride a bike, I fell many times, but got back up and tried again.

You can research it on the web too, and I have the way I draw them in my link in my signature.

The fibs always land on the supports and resistances. So if you notice that the PA is always blowing right through your major fib lines, you have them drawn wrong.

I also like using other methods in conjuction with the fibs, to help make me feel more confident in my trades. Dr. D's compression pattern along with Magix and EOhater 200 SMA seem to work well with them. If you have questions feel free to drop a post in my other thread or send me a PM.

C.
  • #199,287
  • Feb 12, 2010 3:26am Feb 12, 2010 3:26am
Error bro. 1.5820, i see a delay i 1hr, holding forth, i strongly believe 1.58 to come...... MY VIEW


Quoting Ctic
1.58 or 1.68? 1.68 seems a little out of reach for right now, many levels of resistance between here and there, unless Bernake declares that the U.S. is declaring bankruptcy.
  • #199,288
  • Feb 12, 2010 3:26am Feb 12, 2010 3:26am
Quoting wormboy
That's the second time 5750 had been tested & we had booked profit for the first batch of longs & holding the rest....
Third time 5750 level tested today. Will keep buying dips till we launch.
Good luck
Thank You
  • #199,289
  • Edited 3:31am Feb 12, 2010 3:30am | Edited 3:31am
I was told,

And have yet to fork out the simple,
Little Duckets, some time back now, -(about $98 bones);
This is a GREAT book on 'Fib's and Elliots',
Used in the Market Place. (Dynamic Trading by Robert C. Miner)

This Trader (My Coach) i'd call him, is up there w/CtiC.
Just my 2cents Wanger, while i'm 'Piling In', as she drifts,
closer and closer, breaking more and more down!

OUR EDGE is WORKING CTiC!!! !
Come on baby, nicely now DOWN!

Jeff
I will work to Objectively Identify my Edges
  • #199,290
  • Feb 12, 2010 3:36am Feb 12, 2010 3:36am
Thanks CTic, I will check out your thread and keep working at it. I'm sure I'll have questions. I appreciate the offer to post questions in your thread.
Randy
  • #199,291
  • Feb 12, 2010 3:36am Feb 12, 2010 3:36am
Quoting Ctic
Like I said....

First up....Then ??????????

Fibs do not lie.

Down...
  • #199,292
  • Feb 12, 2010 3:38am Feb 12, 2010 3:38am
Thank you for your information.
  • #199,293
  • Feb 12, 2010 3:42am Feb 12, 2010 3:42am
Quoting wormboy
Third time 5750 level tested today. Will keep buying dips till we launch.
Good luck
Forgot chart.
Absolutely no short positions imho unless scalping. Good luck

p/s : Looks like it's gonna be a while before I'm proven wrong Petar Serbia
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Thank You
  • #199,294
  • Feb 12, 2010 3:45am Feb 12, 2010 3:45am
I see on my 30 min...

"76" has to crack, for further down,
(re: Supports & Resistances);
And i want to see a double test of it-
As well... (And BREAK!) !

However, i'm staying w/'LONDON'...
She's usually is headed one way for the kill,
w/o some other kind of confirmation(s).

Enjoy,

Jeff !
I will work to Objectively Identify my Edges
  • #199,295
  • Feb 12, 2010 3:48am Feb 12, 2010 3:48am
Quoting Wanger
Thank you for your information.
You got it...
Best of Trading Bud!
Enjoy,

Jeff !
I will work to Objectively Identify my Edges
  • #199,296
  • Feb 12, 2010 3:52am Feb 12, 2010 3:52am
Quoting wormboy
Forgot chart.
Absolutely no short positions imho unless scalping. Good luck

p/s : Looks like it's gonna be a while before I'm proven wrong Petar Serbia
Wormie,

Agreed. I do believe the longer term move will be a long. The reason I said first up then down is simple. First test was the fib test. Second test was the classic buy up before Mervin King spoke and sent it flying down. Third test as seen by the chart is bouncing off the 200 SMA which convienently is at the 5750 mark.

In short: Play up, scalp down. Although this week I found myself scalping all the time.

C.
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  • #199,297
  • Feb 12, 2010 3:53am Feb 12, 2010 3:53am
Quoting wormboy
Forgot chart.
Absolutely no short positions imho unless scalping. Good luck

p/s : Looks like it's gonna be a while before I'm proven wrong Petar Serbia
Everyone has his own way to read the chart and TF to use
This is how i read it , BTW: Red line Yearly PVT
Enjoy
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  • #199,298
  • Feb 12, 2010 3:58am Feb 12, 2010 3:58am
Quoting TerpFan2
I see on my 30 min...

"76" has to crack, for further down,
(re: Supports & Resistances);
And i want to see a double test of it-
As well... (And BREAK!) !

However, i'm staying w/'LONDON'...
She's usually is headed one way for the kill,
w/o some other kind of confirmation(s).

Enjoy,

Jeff !
Jeff,

We may get it. I do feel that when we finally break this channel it will be with an up move, but I don't think we will break channel yet.

C.
  • #199,299
  • Feb 12, 2010 3:58am Feb 12, 2010 3:58am
Quoting Ctic
Jeff,

We may get it. I do feel that when we finally break this channel it will be with an up move, but I don't think we will break channel yet.

C.
No sooner I click the button and we get the move down.

C.
  • #199,300
  • Feb 12, 2010 4:01am Feb 12, 2010 4:01am
in my view gu wi;; try to retest low one more time. if fails than we might see going lower if not will see longer period of bull move. All i can see now is triple top
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