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Cable Update (GBPUSD)

  • #215,621
  • Apr 10, 2010 3:31pm Apr 10, 2010 3:31pm
Quoting bbakker
It's a million times better than your pointless garbage
Who am I to talk
  • #215,622
  • Apr 10, 2010 3:32pm Apr 10, 2010 3:32pm
Quoting bbakker
Ignore him! He gets enjoyment out of it as he has nothing better to do!
what else should i do when cable moves in a pre scripted manner and all you are left to do is to collect the cash like a garbage picking machine.

99.99% of the time i am either watching movies or playing games or sleeping, yeah forex is boring
  • #215,623
  • Apr 10, 2010 3:37pm Apr 10, 2010 3:37pm
Quoting forexlion
stick a ??
stick a stick
  • #215,624
  • Edited 3:55pm Apr 10, 2010 3:38pm | Edited 3:55pm
Quoting malcolmb14
luck has nothing to do about it ..... skill well remember my 1.7000 to 1.5300 call before it happened ? what you think I have a magic guessing ball ?
Yes, if my mind serves me correctly, and I'm absolutely sure the guys would be able to tell you, I did make the call for fallback to 5300 myself from last June.


Quoting malcolmb14
Just cause your indies or system does not work it does not mean others does not either.
I did not say it does not work, periodically yes, everything works but as I said it does not work consistently OVERTIME. You should know this better, you use VSA, where orderflow is seen printed real time.


Quoting malcolmb14
In addition to that I can show you countless posts last few weeks of where price on eu and gu is going and why .... yes i have some bad ones ... but 80 % are good ones ... luck is not a game of 80%
So can I. Countless of charts & calls from March 09 in my thread. Like you I have some good ones and bad ones.
You're entitled to your opinion malcolm, I will stand by mine.


Quoting malcolmb14
So newbies .. wormie is right in one way do not waste time on indies , volume and candle relationships ( vsa) is all you need along with simple s/r lines.
Thank you. But you just repeated what I said earlier. I said all there is to it is price or tape reading. VSA imho falls in the same category, because they're not made out of historical data correct?

Enjoy your weekend.
Thank You
  • #215,625
  • Apr 10, 2010 3:39pm Apr 10, 2010 3:39pm
Quoting bbakker
Who am I to talk
keep the shoooooooott coming its the weekend u are the head of shooooott heads in the room and every body here is a shootttttt head
  • #215,626
  • Apr 10, 2010 3:40pm Apr 10, 2010 3:40pm
Quoting forexlion
what else should i do when cable moves in a pre scripted manner and all you are left to do is to collect the cash like a garbage picking machine.

99.99% of the time i am either watching movies or playing games or sleeping, yeah forex is boring
OK, so what is the script for this week then, day-by-day will do
  • #215,627
  • Apr 10, 2010 3:45pm Apr 10, 2010 3:45pm
lion u said u wiil not come here why u keep coming back
  • #215,628
  • Apr 10, 2010 3:47pm Apr 10, 2010 3:47pm
Quoting BadTradingFi
If it was then I apologise, stick a in next time so I know for sure cos I thought it was just a slap down.

I shall disappear and play with charts again awaiting Monday morning and wish you a good weekend
Whatever is said, don't take it personally. It is the weekend and people in here are generally just mucking about with the odd informative and very useful post. Enjoy the rest of your weekend and see you on Monday.
  • #215,629
  • Apr 10, 2010 3:47pm Apr 10, 2010 3:47pm
daaaaaaaaaaaaaaaarrrrrnnnn the big one is coming watch out rooom
  • #215,630
  • Apr 10, 2010 3:51pm Apr 10, 2010 3:51pm
Quoting wormboy
Yes, if my mind serves me correctly, and I'm absolutely sure the guys would be able to tell you, I did make the call for fallback to 5300 myself from last June.

I did not say it does not work, periodically yes, everything works but as I said it does not work consistently OVERTIME. You should know this better, you use VSA, where orderflow is seen printed real time.

So can I. Countless of charts & calls from March 09 in my thread. Like you I have some good ones and bad ones.
You're entitled to your opinion malcolm, I will stand by mine....
I think you both agree to KISS
  • #215,631
  • Apr 10, 2010 3:54pm Apr 10, 2010 3:54pm
Quoting kill56
lion u said u wiil not come here why u keep coming back
because no one else is on his thread
  • #215,632
  • Apr 10, 2010 3:57pm Apr 10, 2010 3:57pm
Quoting bbakker
because no one else is on his thread

man i love to see him here all the time he is fun and he knows what i am talking about i think that gos for a lot of the treads out side this room they all come back here to spy on us
  • #215,633
  • Apr 10, 2010 4:02pm Apr 10, 2010 4:02pm
Quoting bbakker
because no one else is on his thread
It's our luck to make him come here
  • #215,634
  • Apr 10, 2010 4:02pm Apr 10, 2010 4:02pm
Quoting bbakker
Whatever is said, don't take it personally. It is the weekend and people in here are generally just mucking about with the odd informative and very useful post. Enjoy the rest of your weekend and see you on Monday.
I try not too, life's too short to stress about most things. Health and happiness are more important than the rest Maybe I'm just getting old.

Have a good one yourself, hope a large number of small children dont mess the weekend up, and happy birthday to the nipper too. I've got one turning 3 in June, although you'd think she is 20 some days!
Back to basics, it has to be for me!
  • #215,635
  • Apr 10, 2010 4:04pm Apr 10, 2010 4:04pm
Just heard the news. More than 80 members of Polish parliament including the president and key members of parliament died in a plane crash today.

http://news.bbc.co.uk/1/hi/world/europe/8612825.stm
  • #215,636
  • Apr 10, 2010 4:04pm Apr 10, 2010 4:04pm
A lot of mind stimulating conversation over the weekend, some stirred up by my bicker session with Bull_Bear, some just general chat.

It's all good.

I want to properly address my bone of contention with Bull_Bear, not to fuel the fire, but for you to perhaps realize a little bit about who I am, and what I stand for.

Let me say this first, you are 100% responsible for every trade you take.

For those of you new to market or have forgotten as far back as March 1st, let me bring you to an upswing from Friday into a massive gap down for Sunday open. Take some time to read back into what was happening on the Friday prior and the days following. Some record volume of watchers in the house and some pretty hefty losses on this day.

Don't wanna look back that far, lets go back to last Friday. A market day of retrace that dropped a some 120 pips off top, only to GAP up and move almost 140 pips off Fridays low before starting into its full hourly retrace.

Go back and read through the few people that got trapped in this gap with a weekend hold, some exiting loss positions at the absolute pinnacle of the play.

It hurts when the market hands your ass to you on a silver platter. The March drop being the bigger of the two, but both leaving some with blown accounts if not just hefty loss situations.

For what?

If the market gaps past your S/L, your broker will close at the first available price, so really what reason is there for taking a position in a market situation that you have ZERO control over.

I know the next line to retrace for market, M30 200EMA, shown on the chart below, the only thing is, I don't know where this line will be when we retrace to it. Quite conceivably we could gap down to it come Sunday open, the point is, nobody can tell you.

There are a lot of great traders here in the Cable thread, and a lot of new faces floating around, others just coming into their own. Some view me as a senior trader, with that I feel it my responsibility as well as believe it should be the same responsibility of ALL senior members to encourage safe trade practices, one of these is, NO WEEKEND HOLDS!

We have from opening bell Sunday to Closing bell Friday to make money. This is your time to shine.

Over the last several months I have worked with a lot of traders, assisting them in seeing price action and taking safety zone trades. Showed what a trigger on the trend looks like and have walked them through profitable trades. This isn't to brag, but to say that if you struggle in market, take the time to ask a question instead of following a call, the end results will be infinitely better and longer sustaining.

IF you are not a part of the solution, you are in the 95% that will give your accounts up to an unknown party on the other side of your platform.

Allow me to share a few words from a private message that I responded to another trader and will offer the same to all that are willing in a timely fashion.

I can show you what price action is, but I cannot make you a good trader. I can lead you to the path of safety, but cannot lend you the patience to get there. These must come from within.

I am Magix.
Voodoo Boodoo BABY!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215,637
  • Apr 10, 2010 4:14pm Apr 10, 2010 4:14pm
Quoting wormboy
I meant no disrespect. I was just trying to point out since you mention the word "chance" in your sentence. You do not stand a chance to be profitable in the long run by letting thoughts overrule your system.
You said it yourself, you took the odd gamble. Meaning you have not been trading long enough to know that the odd gamble, is not worth it.
If you've been trading long enough - and I do mean this in a good way, you will realise that you need to be trading like the emotionless robot to be consistently profitable.
The reason people do want...
I do not disagree with you, my gambles were based in ill infomrmed decisions, emotional and rash due to inexperience and a lack of understanding and solid strategy.

Until this week, I didnt have anything close to a solid strategy, it was opportunist moves and jumping on a bandwagon. On the back of reasonable success at that (LUCK, and it really was just luck) I became cocky and took more risks and entered a cycle close to what you mention.

Some reading and a lot of help on here has given me a good leg up and I believe I'll be growing as things go on.

I admit I've been too lucky in the past, but I want to remove as much of the luck element as I can and have a solid way forward.

One thing I will say though (and this is just how I see it), I still think this is all a gamble, but you can make the odds much more in your favour. That said, if anyone gets it right 100% of the time then I'll take that back (not counting riding the waves until the trade does prove right )
Back to basics, it has to be for me!
  • #215,638
  • Apr 10, 2010 4:14pm Apr 10, 2010 4:14pm
Quoting Magix
A lot of mind stimulating conversation over the weekend, some stirred up by my bicker session with Bull_Bear, some just general chat.

It's all good.

I want to properly address my bone of contention with Bull_Bear, not to fuel the fire, but for you to perhaps realize a little bit about who I am, and what I stand for.

Let me say this first, you are 100% responsible for every trade you take.

For those of you new to market or have forgotten as far back as March 1st, let me bring you to an upswing from Friday into a massive gap down for Sunday open....

wow thats not bad coming from newbie in forex but darn u are a voodoo boodoo and the wise man in the room

long live voodoo boodoo
  • #215,639
  • Apr 10, 2010 4:20pm Apr 10, 2010 4:20pm
I am missing the golf on the telly and two Englishmen in the lead, although Tiger is hunting them down!

Great post Magix with excellent reasoning as to why one should not leave positions open over the weekend!

Now back to the golf and see you on Sunday evening as I will be very busy tomorrow.

Goodnight peeps!
  • #215,640
  • Apr 10, 2010 4:22pm Apr 10, 2010 4:22pm
My last post for today
Watch out Magenta Line 1.56, Inside the cloud = Consolidation= No Trend
Below Daily chart

See u on Monday
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