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Cable Update (GBPUSD)

  • #233,901
  • Jun 25, 2010 2:07pm Jun 25, 2010 2:07pm
Quoting kasper
meaning no wick or any part of the candle near the TL. correct? dont want any misunderstandings. I apologize, some of us are slower than others.

Don't apologise at all, I prefer you ask clarification rather then muddle on. A solid trend line like we had for the last 185 pip would need a solid confirmation of a reversal. A full bar below the support on M15 would be a good start of that confirmation that the intermediate trend has reversed. Just a full bar below without other sources of confirmation such as your favourite indi, is still not a confirmation of a trend reversal.

There are days, even in very recent history where Cable can happily trundle along for 300 pips.

Right now we have moved away from the weekly TL, price moving towards a TL is a lot easier to anticipate then price moving away. So we need to identify other sources of possible points of reversals with the appropriate confirmation.

The next appropriate place for a possible reversal will be 5053, which is a biggy.
  • #233,902
  • Jun 25, 2010 2:15pm Jun 25, 2010 2:15pm
http://www.forexfactory.com/showthre...06#post3827406

I guess we just have different styles. Why do you care?
  • #233,903
  • Jun 25, 2010 2:17pm Jun 25, 2010 2:17pm
patience is a virtue..

target reached now looking for extensions
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  • #233,904
  • Jun 25, 2010 2:18pm Jun 25, 2010 2:18pm
Quoting PipVip
http://www.forexfactory.com/showthre...06#post3827406

I guess we just have different styles. Why do you care?

Sorry, PipVip but running a trade down 60 pips is not a style that I would advocate. And I do comment on it, even if it is just to prevent someone else from making the same mistake in copying you.

And let's be honest posting trade calls here invites critisism, both good and bad.

For those that do care, put up a 25 ma on M5 and have a look. You couldn't ask for a better trendline right now.
  • #233,905
  • Jun 25, 2010 2:21pm Jun 25, 2010 2:21pm
If you put the stop loss at break even, it is a no-issue. Did you even read the post?

For a successful trader, you sure are interested in us "beginners".
  • #233,906
  • Jun 25, 2010 2:23pm Jun 25, 2010 2:23pm
Quoting PipVip
Look what they just put in the paper...
http://www.nypost.com/p/news/local/p...GORPPGMEd3RwDM
Has any members of this forum been talking about anything falling down?
Google jackblack12

I'm not making this up, but I am damn good at connecting dots - when I see them. Let's hope not.

Short @ 1.5002

PipVip, this is your post with your trade call, no SL mentioned here, nor in any other posts since. I do like your last post adding a SL at BE 2 1/2 hours after the fact.
  • #233,907
  • Jun 25, 2010 2:24pm Jun 25, 2010 2:24pm
Quoting PipVip
Everything is OK.

And here is your post from 1 1/2 hours ago.
  • #233,908
  • Jun 25, 2010 2:25pm Jun 25, 2010 2:25pm
Sorry your having a bad day. :/
  • #233,909
  • Jun 25, 2010 2:26pm Jun 25, 2010 2:26pm
Quoting PipVip
This is the spike I've been waiting for.
I'm getting ready to short any minute now...
spike?? no way man!!! this is no spike..this is a classic retrace to 50% break the high to generate a powerfull move up..expect price to hold 1.50 to further up!!! ..


this is no spike
  • #233,910
  • Jun 25, 2010 2:26pm Jun 25, 2010 2:26pm
Quoting PipVip
If you put the stop loss at break even, it is a no-issue. Did you even read the post?

For a successful trader, you sure are interested in us "beginners".
Idiot.

You have to be ahead in a trade before you can set a BE stop loss.

This is the kind of shit that not only causes confusion with other new traders, it is the exact reason that we need a revolving door on membership to the thread.

Fortunately for all of us, if this is your trade style, your days are already numbered...I just hope you don't put to many others into the same market account graveyard before you go.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #233,911
  • Jun 25, 2010 2:27pm Jun 25, 2010 2:27pm
Sorry your having a bad day too.
  • #233,912
  • Jun 25, 2010 2:29pm Jun 25, 2010 2:29pm
Quoting cloggie
All still valid, no shorts yet. How many new members do we have for the smelly finger brigade? I never did understand the need for trying to predict the exact tops, who cares where it turns around as long as we jump in once the move is confirmed, until then stay out or stay in your long.
lol, okay cloggs , I sold , but just to take some profit , london wont want to miss much of this , may make the 272 level before mkt close but good enough for me you guys have a great weekend
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  • #233,913
  • Jun 25, 2010 2:31pm Jun 25, 2010 2:31pm
Quoting Magix
Idiot.

You have to be ahead in a trade before you can set a BE stop loss.

This is the kind of shit that not only causes confusion with other new traders, it is the exact reason that we need a revolving door on membership to the thread.

Fortunately for all of us, if this is your trade style, your days are already numbered...I just hope you don't put to many others into the same market account graveyard.
part of being a success in trading my friend is having the ability to listen to nobody and stick with yur resolve..i would never blame him for setting bad example...every1 is accountable for there own actions

shifting the blame on others means u will never accept responcibility for yur trades and therefore flop anyway..

u think a proper trader ever listens to others??

this post is not aimed at u magic but to people that follow like sheep

the problem is new trader have the wrong pyscology (spelt wrong i know) and therefore do the wrong things
example wormie and me so many times on the different side, we never change our prospective once trade in action..if u cant stick to yur plan u have no chance..
  • #233,914
  • Jun 25, 2010 2:33pm Jun 25, 2010 2:33pm
Quoting PipVip
Sorry your having a bad day too.
PipVip... Man, those guys are trading for ages and they have a point in what they are saying. It's no shame to make bad calls, but it's a shame you make a bad call AND STILL sticking to your wrong idea, even when people are trying to show you the mistake.

I agree this thing can turn and go to 1.4960-70 but according to facts your trade sucks just like mine, which fortunately was opened @1.5037 but without any kind of confirmation. Stupid action also.

Let's try to learn with the older traders, if they are still here probably they know a thing or two, which we don't, eh?

Good luck on future trades!
  • #233,915
  • Jun 25, 2010 2:33pm Jun 25, 2010 2:33pm
I dont post much this time i want to tell you Guys
This whole move was on GDP news from US
but still remember the risk aversion last year
when dollar was up again all because o fact that when ever risk aversion take place $ is the only currecy that use to get stronger and stronger
so guys some time bad news still favour $
just dont forget that



It Maybe time to go short GBPUSD not Long
Because what ever happend GBPUSD shooted up
but still i am going short
stop above 1.5120
Target si 1.4780

Lets see waht happens next.
Don't compare your Trades with Others
  • #233,916
  • Jun 25, 2010 2:35pm Jun 25, 2010 2:35pm
I stopped out. Why does everybody care what I do? Trade your own way.
  • #233,917
  • Jun 25, 2010 2:42pm Jun 25, 2010 2:42pm
Quoting PipVip
I stopped out. Why does everybody care what I do? Trade your own way.

u need to stop listening to people..this is an example of how this thread can destroy yur mind unless u know what yur doing..1.50 is an important area...price certainly would retest it..u would have had a chance to get out at least at breakeven...most likely piercing 1.50..to make people short...but i understand why u did it

this is zero sum..so people need to be caught

look at the weekly and look to see if a inverse head n shoulder can develop..as an example
  • #233,918
  • Jun 25, 2010 2:45pm Jun 25, 2010 2:45pm
I listen to everybody, but I also make my own decisions based upon buying low and selling high, support and resistance. When I put in a trade I set the stop loss to break even. That's what I've always done.

The emotional reaction from the others is surprising because I *NEVER* tell anyone what to do.
  • #233,919
  • Jun 25, 2010 2:49pm Jun 25, 2010 2:49pm
Quoting PipVip
I listen to everybody, but I also make my own decisions based upon buying low and selling high, support and resistance. When I put in a trade I set the stop loss to break even. That's what I've always done.

The emotional reaction from the others is surprising because I *NEVER* tell anyone what to do.

did u stick to yur plan?
  • #233,920
  • Jun 25, 2010 2:50pm Jun 25, 2010 2:50pm
I stopped out at 1.5005
What do you mean?
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