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Cable Update (GBPUSD)

  • #202,921
  • Mar 2, 2010 12:31pm Mar 2, 2010 12:31pm
Quoting Magix
This guy is obviously right, and has definitely checked his ego at the door.

I apologize to anybody who has been making money watching moving averages, and would like to add to this by saying, We all suck.

Sorry guys.

Let's listen to this guy.

sure bro we all suck the dam b;;;;;;;;;;;;;;;;;;;;h not waiting for the b;;;;;;;;;;;;;h to eat us a live .

any how lets see if we have real shitt coming we are welling to learn
  • #202,922
  • Mar 2, 2010 12:33pm Mar 2, 2010 12:33pm
Quoting Magix
Honestly mango,

IT was a shot. And a pretty blatant one as well.

But it's okay...I am an amateur. I am a hobbiest.

I do things on a shorter time frame, play with confirmation and still keep up with the best.

There are several ways to skin a cat, I pick mine, you pick yours, as long as we both win in the end, all good right?
confirmation is the right way to go. In my book that is being professional.
better to be safe than sorry
Thank You
  • #202,923
  • Mar 2, 2010 12:34pm Mar 2, 2010 12:34pm
May be we are at bottom.
attached weekly chart tells that.
Ok, why?
1- Lower Trend Line (Red Line).
2- 61.8% fibo retracement level from 1.3505 to 1.7041 @1.4853
3- 161.8% fibo expansion from (1.7042 to 1.5705 to 1.6877) is @1.4715
4- 161.8% fibo expansion from (1.6877 to 1.5831 to 1.6456) is @1.4780
5- 261.8% Fibo retracement level @1.4825
so the blue area on the chart may be the bottom base for the next Up trend.

The bottom area based on Fibo tools starts from 1.1.4853 to 1.4715.
hope it will help you.
Attached Image (click to enlarge)
Click to Enlarge Name: guw1.gif Size: 26 KB
  • #202,924
  • Mar 2, 2010 12:34pm Mar 2, 2010 12:34pm
Quoting Magix
Watching movement is important. There was a regular poster here with the same philosophy, playing the obvious moves...I believe he is still holding longs from 1.5840 for the retrace to 1.65.
bro add to it this

by the way bro for sure i will be long from 14500 for long term
Attached Image
  • #202,925
  • Mar 2, 2010 12:36pm Mar 2, 2010 12:36pm
Quoting Baby-Trader
May be we are at bottom.
attached weekly chart tells that.
Ok, why?
1- Lower Trend Line (Red Line).
2- 61.8% fibo retracement level from 1.3505 to 1.7041 @1.4853
3- 161.8% fibo expansion from (1.7042 to 1.5705 to 1.6877) is @1.4715
4- 161.8% fibo expansion from (1.6877 to 1.5831 to 1.6456) is @1.4780
5- 261.8% Fibo retracement level @1.4825
so the blue area on the chart may be the bottom base for the next Up trend.

The bottom area based on Fibo tools starts from 1.1.4853 to 1.4715.
hope it will help you.
salam 3al jed3an

how are bro
  • #202,926
  • Mar 2, 2010 12:37pm Mar 2, 2010 12:37pm
Quoting Magix
Honestly mango,

IT was a shot. And a pretty blatant one as well.

But it's okay...I am an amateur. I am a hobbiest.

I do things on a shorter time frame, play with confirmation and still keep up with the best.

There are several ways to skin a cat, I pick mine, you pick yours, as long as we both win in the end, all good right?

Again, if I took a shot at you or MA's I would say so. I don't have the need to spare your feelings. I don't know you. It wasn't a shot, and I too use MA's so if you wanna make it personal to start a rift with me, so be it. I'm here to add something to this board and hopefully help somebody become a better trader and hope I can learn something from you guys as well. So if your offended, I apologize for my statement. It wasn't meant to be a shot. If you can't deal with that, then honestly, that's your problem. Good luck trading.
  • #202,927
  • Mar 2, 2010 12:38pm Mar 2, 2010 12:38pm
There is one in every crowd....guess who it is today?

Have a good afternoon into EONY.

Catch you on the flip side.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,928
  • Mar 2, 2010 12:40pm Mar 2, 2010 12:40pm
Quoting wormboy
confirmation is the right way to go. In my book that is being professional.
better to be safe than sorry
no bro confirmation only for newbullshiters and better be sorry than safe
Attached Image
  • #202,929
  • Mar 2, 2010 12:40pm Mar 2, 2010 12:40pm
Quoting Baby-Trader
May be we are at bottom.
attached weekly chart tells that.
Ok, why?
1- Lower Trend Line (Red Line).
2- 61.8% fibo retracement level from 1.3505 to 1.7041 @1.4853
3- 161.8% fibo expansion from (1.7042 to 1.5705 to 1.6877) is @1.4715
4- 161.8% fibo expansion from (1.6877 to 1.5831 to 1.6456) is @1.4780
5- 261.8% Fibo retracement level @1.4825
so the blue area on the chart may be the bottom base for the next Up trend.

The bottom area based on Fibo tools starts from 1.1.4853 to 1.4715.
hope it will help you.

maybe we are just retracing like before

Chart:

1. http://www.forexfactory.com/showpost...postcount=5174
2. http://www.forexfactory.com/showpost...stcount=201185
Thank You
  • #202,930
  • Mar 2, 2010 12:42pm Mar 2, 2010 12:42pm
Quoting Baby-Trader
May be we are at bottom.
attached weekly chart tells that.
Ok, why?
1- Lower Trend Line (Red Line).
2- 61.8% fibo retracement level from 1.3505 to 1.7041 @1.4853
3- 161.8% fibo expansion from (1.7042 to 1.5705 to 1.6877) is @1.4715
4- 161.8% fibo expansion from (1.6877 to 1.5831 to 1.6456) is @1.4780
5- 261.8% Fibo retracement level @1.4825
so the blue area on the chart may be the bottom base for the next Up trend.

The bottom area based on Fibo tools starts from 1.1.4853 to 1.4715.
hope it will help...
I thought we were there last week and you told me we weren't. Turned out you were very right which by default made me very wrong. I kept my mouth closed this time but I did start putting my longs this morning but with full knowledge that the turns we saw last week could rear their ugly heads again so I booked about 180 pips today which is way less than I believe I can get but last week has me extra cautious.
  • #202,931
  • Mar 2, 2010 12:43pm Mar 2, 2010 12:43pm
Quoting kill56
no bro confirmation only for newbullshiters and better be sorry than safe
Better to be sorry than safe...

Buwahahahaahahh.
Attached Image (click to enlarge)
Click to Enlarge Name: deuce2.jpg Size: 47 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,932
  • Mar 2, 2010 12:45pm Mar 2, 2010 12:45pm
Quoting kill56
no bro confirmation only for newbullshiters and better be sorry than safe
lol
Thank You
  • #202,933
  • Mar 2, 2010 12:52pm Mar 2, 2010 12:52pm
My comment stated that "amateurs wait for a bunch of confirmation". I don't know why a statement like that offends some of you. A floor trader said it to me and I wasn't offended, I tried to figure out what he meant and if I was one of the amateurs he was talking about. Turned out, I am. Again, I haven't arrived at all just trying to be a good trader but if making thought provoking comments and sharing experience isn't welcomed on this board due to hurting some of your feelings maybe I'll just keep it to myself. Are we here to make money or compare who's the best trader?! Ridiculous!
  • #202,934
  • Mar 2, 2010 1:04pm Mar 2, 2010 1:04pm
Quoting JRoyal
My comment stated that "amateurs wait for a bunch of confirmation"....
man we are not offended and u are welcome we do learn every day

but charts and moving avrages are uesd by the bro's for a long time uless u have a new way to trade stocks and forex lets see
  • #202,935
  • Mar 2, 2010 1:05pm Mar 2, 2010 1:05pm
we stil dont have a pozitive 1h brake of the 85 so we might go down after us cloze but not now
  • #202,936
  • Mar 2, 2010 1:07pm Mar 2, 2010 1:07pm
Quoting kill56
salam 3al jed3an

how are bro
Ahlan Ya Kapten
I envy you. you are making the market Up & Down

Quoting wormboy
maybe we are just retracing like before

Chart:

1. http://www.forexfactory.com/showpost...postcount=5174
2. http://www.forexfactory.com/showpost...stcount=201185
Hi Wormie.
that what I mean ( Retracing ) but it might be a very strong retrace.

Quoting JRoyal
I thought we were there last week and you told me we weren't. Turned out you were very right which by default made me very wrong. I kept my mouth closed this time but I did start putting my longs this morning but with full knowledge that the turns we saw last week could rear their ugly heads again so I booked about 180 pips today which is way less than I believe I can get but last week has me extra cautious.
Good Job Bro, Keep It UP.
Just want to tell you one thing bro. Forex is a speculation game and some fellow traders called it Educated Guess. so we may be right sometimes and we may be wrong sometimes.

I'm very careful also with that pair from the last week.
I always open standard positions when my signals confirmed based on my system. but last Friday and yesterday I just opened mini long positons and the drawdown I see now on my equity is less than 1% .
this because I always put my work on front of me to never forgot it.
I know, I forecast last Friday for an up move but didn't post my call. why ?
because I played with this view in my mind.
http://www.forexfactory.com/showpost...3&postcount=85
hope you make happy pips. Good luck.
  • #202,937
  • Mar 2, 2010 1:17pm Mar 2, 2010 1:17pm
Quoting kill56
man we are not offended and u are welcome we do learn every day

but charts and moving avrages are uesd by the bro's for a long time uless u have a new way to trade stocks and forex lets see
Thanks but I just want you to understand that I'm not against moving averages. Me thinking that they're good for newbies doesn't not mean that I believe they are only for newbies. My quote was taken out of context and I just wanted to address that.
  • #202,938
  • Mar 2, 2010 1:28pm Mar 2, 2010 1:28pm
Quoting JRoyal
Thanks but I just want you to understand that I'm not against moving averages. Me thinking that they're good for newbies doesn't not mean that I believe they are only for newbies. My quote was taken out of context and I just wanted to address that.
what do u believe man been in forex for 5 years blwon over 200 grands the only way to make money is to hit and run trade what u see . charts with indis give me a lot of info when to enter and exit and among these are the moving averages any way join the carckforix club man
  • #202,939
  • Mar 2, 2010 1:30pm Mar 2, 2010 1:30pm
Quoting kill56
what do u believe man been in forex for 5 years blwon over 200 grands the only way to make money is to hit and run trade what u see . charts with indis give me a lot of info when to enter and exit and among these are the moving averages any way join the carckforix club man
Just want to ask you a question bro.

Hit & Run for what duration ?
On hour, one day, one week , one month ?????

It depends on which time frame you are studying.
  • #202,940
  • Mar 2, 2010 1:31pm Mar 2, 2010 1:31pm
you know how when dow first hit 10k they were sayn that the market has almost killed the bear....the bear is not dead its just crossed the channel
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