Cable Update (GBPUSD)
- #229,682
- Jun 3, 2010 7:29am Jun 3, 2010 7:29am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
The problem is that so many try to make every trade to the pip. Wanting to catch every bottom and every top on the day, instead of capitalizing on safety ranges.
The forum like market is cyclistic. We go from playing direction and in profit into speculation and loss. So many of us try to guide with charting, so many others try to prove themselves with trade calls.
Instead of following direction, a lot of folk try to speculate the trade, anticipate the directional changes.
What would happen if instead of following the traffic signals, we jumped...
... Couldn't agree more. 
Ghost Rider - WWTBMD?
- #229,683
- Jun 3, 2010 7:33am Jun 3, 2010 7:33am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
hey chris!
how's it hanging bro?
Thank You 
- #229,685
- Jun 3, 2010 7:35am Jun 3, 2010 7:35am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #229,686
- Jun 3, 2010 7:36am Jun 3, 2010 7:36am
as long as the PA not go below last week's high ( 4600 ) ... we still could go upside. in my view , we are in C area or going to find bottom C area and go upside to D point ( D point : 1.27-1.61 of XA ) X: yesterday's high. A : yesterday's low. B : today's high. C : 0.382-0.61 of AB
- #229,687
- Jun 3, 2010 7:40am Jun 3, 2010 7:40am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
....
Up an astonishing 4 PIPS today.
Any day in the green is another day in market my friend.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #229,688
- Jun 3, 2010 7:40am Jun 3, 2010 7:40am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
hey chris!
how's it hanging bro?
"It's" hanging fine....LOL
Everything else? Well......
.... but I'm .... Ghost Rider - WWTBMD?
- #229,689
- Jun 3, 2010 7:42am Jun 3, 2010 7:42am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Let's run the numbers again, see if we have em close
I have 581 & 550 below 610 and 630 & 672 as upside.
586 and 552 below, 618, 634, 651, 669 and 687 above. Am flat for now though, covered earlier.
- #229,690
- Jun 3, 2010 7:44am Jun 3, 2010 7:44am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
what i am waiting .........
Unless you can mark the prz properly on the attached chart.
Thank You
- #229,692
- Jun 3, 2010 7:47am Jun 3, 2010 7:47am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hey Azim
"It's" hanging fine....LOL
Everything else? Well......
with you all the way!In any trades at the mo?
Thank You
- #229,696
- Jun 3, 2010 7:49am Jun 3, 2010 7:49am
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
your b is about 76.4 of xa tho. don't think the pattern is valid.
Unless you can mark the prz properly on the attached chart.
wormy what are your views for cableUb
here is my cahrt...
- #229,697
- Jun 3, 2010 7:50am Jun 3, 2010 7:50am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
586 and 552 below, 618, 634, 651, 669 and 687 above. Am flat for now though, covered earlier.
Except that I have fewer minors on the upside, only level i left out is 672.
Great trading tho covering at the right time
Thank You
- #229,698
- Jun 3, 2010 7:51am Jun 3, 2010 7:51am
your b is about 76.4 of xa tho. don't think the pattern is valid.
Unless you can mark the prz properly on the attached chart.
- #229,699
- Jun 3, 2010 7:53am Jun 3, 2010 7:53am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
We're very close again. Great stuff!
Except that I have fewer minors on the upside, only level i left out is 672.
Great trading tho covering at the right time
I purely looked at more minors on the upside based on the corkscrew move down we had today, don't want to get stopped too early once she retraces by missing one or two.
- #229,700
- Jun 3, 2010 7:54am Jun 3, 2010 7:54am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Wait for it,any one of these and it will be i told you so.
There won't be any "I told you so". Take it easy.
Thank You