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Cable Update (GBPUSD)

  • #210,921
  • Mar 26, 2010 7:51pm Mar 26, 2010 7:51pm
Quoting kill56
Dr. D

when...


 Thank for the lesson you teach me how to trade and I'll teach you that just below the >
is a . and just below the < is a , so please use them or I'll go nuts reading your posts
I'm working on eliminating what's just below the _ and replacing it with what just above
the = to follow what's just above the 4 I wish you an abundance of what's just below the )
in your accounts immediately following what's just below the < good luck and best wishes...

Dr D
  • #210,922
  • Edited 4:06am Mar 27, 2010 3:56am | Edited 4:06am
it's amazing how ppl love to hear how good amazing traders they are, but when they do a mistake and u point to them then u become enemy of the state. Since my presence at FF only GM never had a loosing call while there r greater traders here, only few admit a loosing trade while every one points out winning trades. I have done many jobs in my life and learned only way to learn is from mistakes cos we r humans and no one is perfect.
  • #210,923
  • Mar 27, 2010 7:37am Mar 27, 2010 7:37am
Quoting fourxtrader


...
i will do my best thanks for the advice
  • #210,924
  • Mar 27, 2010 7:42am Mar 27, 2010 7:42am
Quoting javapips
are you 52 years old Kill??? that's old..i thought you are still around 35...
i bet i'm the youngest in this thread...

happy weekend old man..., (hahaha...,sorry, kidding .........grandpa... )
its 53 ya java and i am loving it we have a new baby coming this month enjoy u life u will be 53 one day by the way i will be a grandba in 3 month
  • #210,925
  • Mar 27, 2010 7:48am Mar 27, 2010 7:48am
Quoting bonus76
it's amazing how ppl love to hear how good amazing traders they are, but when they do a mistake and u point to them then u become enemy of the state. Since my presence at FF only GM never had a loosing call while there r greater traders here, only few admit a loosing trade while every one points out winning trades. I have done many jobs in my life and learned only way to learn is from mistakes cos we r humans and no one is perfect.
i think u missing the point..a trader being great is not defined by them always winning..GM is a good trader not because he calls trades which actually work out!!!..its his resolve and attitude, patience, waiting for the setup and executing and holding, staying with conviction.

when he losses which he will..he bounces back like it never happened.

A trader can be great regardless of losses, a good trader is a trader that can lose more trades but come out with profit..

95% here have a win trade above 80% but still lose to the market..

things to think about..its not about being correct or wrong..

I was debated with kill56 just last week...which gonna win, in theory both postion his and mine was a winner
The mofo went up and the bear sat on my face and the b*tch sank
  • #210,926
  • Mar 27, 2010 7:49am Mar 27, 2010 7:49am
Quoting malcolmb14
I am 42 ... like I say to the young guys in the office.

They are working out what lines they are going to use to get the women .. at my age I just have to work how much cash they are going to cost me each month ...lol ... lease to own
dont u love it mal the women come to us asking for us they need a real man not a baby to feed
  • #210,927
  • Mar 27, 2010 8:01am Mar 27, 2010 8:01am
good call bad call great call nice chart bad chart bad ppl good ppl

we do learn every day from each others

why making a fusssss about a bad call and forget about the hard work these ppl do every day to teach no body is perfect dam it why not give them a break

thanks for all the hard work from the great ppl in the room and the heck with ppl come here to showoff
  • #210,928
  • Mar 27, 2010 8:05am Mar 27, 2010 8:05am
Quoting nAVIN2007
i think u missing the point..a trader being great is not defined by them always winning..GM is a good trader not because he calls trades which actually work out!!!..its his resolve and attitude, patience, waiting for the setup and executing and holding, staying with conviction.

when he losses which he will..he bounces back like it never happened.

A trader can be great regardless of losses, a good trader is a trader that can lose more trades but come out with profit..

95% here have a win trade above 80% but still lose to the market..

things to...
Hey bro
Nice to see u , but nothing from u for while
Totally agree with you mostly trader success not because he has good system but Grown up Psychology to trade.

For example 40% depends on system 60% On your Psychology to success
  • #210,929
  • Edited 8:36am Mar 27, 2010 8:14am | Edited 8:36am
Quoting nAVIN2007
i think u missing the point..a trader being great is not defined by them always winning..GM is a good trader not because he calls trades which actually work out!!!..its his resolve and attitude, patience, waiting for the setup and executing and holding, staying with conviction.

when he losses which he will..he bounces back like it never happened.

A trader can be great regardless of losses, a good trader is a trader that can lose more trades but come out with profit..

95% here have a win trade above 80% but still lose to the market..

things...
well said nav i bet most the ppl here did not see the b;;;;;;h tank a 1000pip in 3h one day and came back

we are dealing with crazy pair and have to be crazy to deal with her zig zag the b;;;;;;;;;;;;;h have a nice ride
  • #210,930
  • Mar 27, 2010 9:27am Mar 27, 2010 9:27am
Quoting bonus76
it's amazing how ppl love to hear how good amazing traders they are, but when they do a mistake and u point to them then u become enemy of the state. Since my presence at FF only GM never had a loosing call while there r greater traders here, only few admit a loosing trade while every one points out winning trades. I have done many jobs in my life and learned only way to learn is from mistakes cos we r humans and no one is perfect.
There are a lot of traders that want to be the first.
The first to buy bottom, the first to buy top.
The opportunity to say, "See, I told you".

One of the traders that I have been working with in private said some words that should stand out. "I want to say I bought a Maserati, don't care about tops and bottoms".

The conversation was about trading safety ranges. A plan I am most fond of, and try to share with others.

Do I take losing trades? Hell Yeah.

The point is, the wins to losses are in favor of my account, the losses quickly absorbed. I really don't see the need to let any trade go grossly underwater, when at the click of a button, I can be out, and on the winning side, or out and waiting for confirmation.

Learning from your mistakes is good. Sharing these mistakes with others is also good, as well as sharing your victory. We should all feel some kinship with our fellow traders here at cable. Celebrate with their victories, even if we are mourning our losses, mourn their losses even if we are celebrating our own personal victories.

We are not playing against each other.

There are traders here that trade on some pretty grand levels. Small takes for big money, others who trade small money for larger gains, while others still continue to fund their account for the "LAST TIME".

Several different charting styles with several different strategies to go along.

The diversity is what we can all learn from. Learning from others to keep the suffering of learning expensive lessons on our own is the value everybody can get, give and offer. This is keeping with the true spirit of the forum.

Old adage, if you are not part of the solution you are a part of the problem.

As the days pass, it will be a lot more clear. Those who felt need to puff chests an holler from the roof tops are soon to be those who start to offer the quality analysis that has offered them the longevity in market, or will fall off the pages, victim to their own stubbornness and lack of effective money management.

Who are the great ones?

Time is the true teller.



Trade well all!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #210,931
  • Mar 27, 2010 9:39am Mar 27, 2010 9:39am
Quoting Magix
There are a lot of traders that want to be the first.
The first to buy bottom, the first to buy top.
The opportunity to say, "See, I told you".

One of the traders that I have been working with in private said some words that should stand out....

I think u r great guy. And well written>
THanks
  • #210,932
  • Mar 27, 2010 9:57am Mar 27, 2010 9:57am
Quoting Magix
There are a lot of traders that want to be the first.
The first to buy bottom, the first to buy top.
The opportunity to say, "See, I told you".

One of the traders that I have been working with in private said some words that should stand out....
  • #210,933
  • Mar 27, 2010 10:09am Mar 27, 2010 10:09am
trading the range 14920-14810 east and west , a break will change the view , we might have correction under way play it safe
i might be wrong
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  • #210,934
  • Mar 27, 2010 10:10am Mar 27, 2010 10:10am
Quoting Magix
There are a lot of traders that want to be the first.
The first to buy bottom, the first to buy top.
The opportunity to say, "See, I told you".

One of the traders that I have been working with in private said some words that should stand out....
well written..and good to see u back!!!
  • #210,935
  • Mar 27, 2010 10:26am Mar 27, 2010 10:26am
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  • #210,936
  • Mar 27, 2010 1:38pm Mar 27, 2010 1:38pm
The forecast and the fill on the daily. Not to hard to have seen where we were headed over the last week, but sure gave a rocky road down, lots of massive swings and almost enough to make you think that bottom was in several times. Just as you may have decided to go long, WHAMMO, back to the short side.

The bottom of the chart from forecast on 1st chart to target range reached and colored on second chart shows there is a defenite reaction to the March 1st lows.

March 1st.
The spike down into this zone and MASSIVE buy back up was only played and traded during London session. The second spike into this area if you recall took place as London just closed, allowing the American brokers to pile on the trades, but still never testing bottom.

The troubling thing that I find here is that we don't have a massive buy back up. Still tending towards deeper lows in my opinion.

Looking at it like this, London dipped it's big toe into the chilly water of these depths and quickly retreated. NY has now went a little deeper into the ankle, and would seem to still keep a little skin in the game here.

Perhaps we are looking for knee deep wading at this point.

In any case, I do believe these lows to be tested again, even with current and most immediate chart showing some recovery. IF this is the bottom, there will be MASSIVE volume flooding into this zone, not just the whipsaw spikes. Headfakes and chartrickery. Profit taking and Profit making.

Going into the week, with Fridays action, I would almost believe that we are going to attempt to test higher highs, but how much? And is Friday really the teller of things to come?

Again on the bearish side of things, I wouldn't want to try and catch if we begin the plummet, the next attack at bottom could crush monthly lows and leave you trying to scratch your head with your elbow.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #210,937
  • Mar 27, 2010 1:47pm Mar 27, 2010 1:47pm
On other charts...GJ

Yeah, I know, Cable thread, but as I know a couple of you watch other trade pairs, I figured this be worth having a gander at.

Price has been Halted on GJ h4 200ema. Yellow line on the chart.

We have completed what would seem to be the second shoulder and with a failure of closing candle on this multiple denial line could show GJ looking to take a rather sharp nose dive.

As it is not a pair that I typically trade, I will keep eyes, but most likely not throw any irons into this fire.

Slow n steady growth with Cable is enough for this fella.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #210,938
  • Mar 27, 2010 2:05pm Mar 27, 2010 2:05pm
Looking to buy at 1.4860 (23.6 fib) if it goes down on monday and tp 1.4975 (61.8 fib) and then hoping for a big storm for a new low around 1.4717 (S2)

http://i43.tinypic.com/4zyi42.jpg
  • #210,939
  • Mar 27, 2010 6:01pm Mar 27, 2010 6:01pm
Where do we go from here?

Weekend charting is pure speculation and can only at best assume that direction from Friday will be continued. So, what if it does, where do we head to?

I am looking at 1 chart right now for confirmation, top right. It hasn't by my standards confirmed yet, so assumption of continuation of longs really isn't there but, if we see a gap up, the top left hand chart shows the next immediate targeted area to be the 30m 200ema, current targeted area, at about 1.4937. From there I would still say we need to re-test the 15m support before really attempting to crush through the 30m resistance zone.

A gap down..

Well, a gap down below the 200ema on the 15m chart, would fail to confirm this chart, giving Asian session to play into the lower side of the chart, red circle on the M30. This kind of makes sense as they haven't really had their own fair chance to cover longs with short side positions. Opening up into London session, could see the 5m chart confirm to short side, and as NY and Asian and London would have all had the same chance to Long and short from this area, we could still be targeting a test to new lows for the close of March.

A short week. Given the play ranges and weekly zones, we have a lot of area to make up in a short amount of time. NFP, Bank Holiday Friday, expect a lull, but an incredible week for opportunity leading into it.

Again, pure speculation, and due to the overall weekly and monthly charts, I am still a bear, holding short from 1.5364 and scalping the whipsaws as they present in safety.

Low side target puts us into a possible area of 1.44ish, topside interm target of 1.5050ish.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #210,940
  • Mar 27, 2010 6:42pm Mar 27, 2010 6:42pm
i might be wrong
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