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Cable Update (GBPUSD)

  • #235,021
  • Jul 1, 2010 7:52am Jul 1, 2010 7:52am
Quoting cloggie
So telling everyone here that my call of 5020 was in your believe wrong is now proven to be totally ignorant on your part.

Just wanted to take a stab at me hoping to heaven that you were right? How ignorant.

I do like the chart though, it covers every possibility every way except for ranging, at least you are covered.

Hedging a post.
is it wrong if "i just say my opinion"
if i had a position i will wrote it or u can see on my chart... jeez
Verily, in every difficulties there is relief
  • #235,022
  • Jul 1, 2010 7:53am Jul 1, 2010 7:53am
Quoting primzvicious
sell 1.5060 stp 1.5080
set sl@ BE....
now im off
Verily, in every difficulties there is relief
  • #235,023
  • Jul 1, 2010 7:57am Jul 1, 2010 7:57am
Quoting primzvicious
is it wrong if "i just say my opinion"
if i had a position i will wrote it or u can see on my chart... jeez

Listen buddy, I told you in my post that I was not singling you out and I also told you that believing does not make you any money, of course you don't have to believe that.

Now you claimed 990 was resistance and then proceeded to post a previous chart clearly showing that 990 was non existent, then when I asked you to post your believe you can't.

Trading is about not having an opinion, not having a believe. Substituting the word "in my opinion" still does not take away from the meaning "believe".

Show me a chart that shows that 990 was a resistance that tells you that the probability of the price continuing is less then the probability of a retrace, then we can discuss it.

Right now we are arguing over a pre conceived idea in your head, you might as well argue with yourself somewhere else. You wanted to see a retrace and you just pulled numbers out of the air to fit your believe. The first hesitation in the price fitted your believe and you saw what you wanted to see.
  • #235,024
  • Jul 1, 2010 8:02am Jul 1, 2010 8:02am
follow cloggie, close half here, safe the profit.
I will be the number one Manager.
  • #235,025
  • Jul 1, 2010 8:06am Jul 1, 2010 8:06am
Quoting cloggie
Listen buddy, I told you in my post that I was sorry for singling you out and I also told you that believing does not make you any money. Now you claimed 990 was resistance and then proceeded to post a previous chart clearly showing that 990 was non existent, then when I asked you to post your believe you can't.

Trading is about not having an opinion, not having a believe. Substituting the word "in my opinion" still does not take away from the meaning "believe".

Show me a chart that shows that 990 was a resistance that tells...
ok i just stopped out and re-sold @5060 so i tell you this..
im trading based on fibo

where 161% and 261% of it is proven as a strong resistance...
like now @5060 it is a strong resistance... and in 161% was accidentally touch some of MA's so that i stated that i believe thingies... im sorry if im not used proper word such "in my opinion" because im not so good in english and i dont know the real meaning of thats 2 sentences

but sometimes it is break through... like we saw before... thats my explanation thx
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Verily, in every difficulties there is relief
  • #235,026
  • Jul 1, 2010 8:13am Jul 1, 2010 8:13am
Quoting keitsuke
Looks like the market just ignored the bad US employment data...
bad for usd with gu already in uptrend just accelerated the move,

The dip in es ( s and p futures) may have been bought on the weaknss. I will have to wait for US open to see that for sure.
Blogging daily now at www.volume.zone
  • #235,027
  • Jul 1, 2010 8:13am Jul 1, 2010 8:13am
Quoting javapips
follow cloggie, close half here, safe the profit.

change, better close all, daily range almost close,
becarefull,
I will be the number one Manager.
  • #235,028
  • Jul 1, 2010 8:16am Jul 1, 2010 8:16am
Quoting cloggie
Listen buddy, I told you in my post that I was not singling you out and I also told you that believing does not make you any money, of course you don't have to believe that.

Now you claimed 990 was resistance and then proceeded to post a previous chart clearly showing that 990 was non existent, then when I asked you to post your believe you can't.

Trading is about not having an opinion, not having a believe. Substituting the word "in my opinion" still does not take away from the meaning "believe".

Show me a chart that shows...
Hang on Guys ----- Cloggie, Dear that was his opinion, your call proved to be right and his call somehow did not. that does not mean we should fight or critisize...... grab the green man..... passion.... both of you please.... Cloggie you are too good mate, do not compare
Enter Signature
  • #235,029
  • Jul 1, 2010 8:17am Jul 1, 2010 8:17am
Quoting primzvicious
ok i just stopped out and re-sold @5060 so i tell you this..
im trading based on fibo

where 161% and 261% of it is proven as a strong resistance...
like now @5060 it is a strong resistance... and in 161% was accidentally touch some of MA's so that i stated that i believe thingies... im sorry if im not used proper word such "in my opinion" because im not so good in english and i dont know the real meaning of thats 2 sentences

but sometimes it is break through... like we saw before... thats my explanation thx

Thank you.


Now we are getting somewhere, a chart and a reasoning. You got to be careful though because in your chart and your reasoning you still explain a pre conceived idea. You want to see a retrace and you are using every barrier in the way to justify the retrace, your ma's were blown aside, every fib level was ignored on the way up. Just identifying each and every level as your possible reversal target is just asking for trouble.

Now stop thinking and believing and justifying what you want to see.

Price has moved up significantly and has ignored several major levels so far. Go back a few pages and you can see B_B, Wormy, Kill and I sharing them here. Once a few of them go you need to see the next one in a different light, see the price approach and interact with it and look for confirmation. Look to see what the price tells you once it interacts with that level. Even this one has still not shown you a confirmed retrace, just touching does not constitute a retrace.

Just remember the old saying, buy the rally.

This means that your thinking and believing must go and start using your "seeing" instead.

Identify your levels, which you did, now don't think about where you believe it is going to go, just wait for it to tell you where it wants to go, then just follow it.

So let me emphasise this again, I am not critising you for making a wrong call, I am critising you for your belief in your call instead of letting the price show you.

Go back a page or two, there was a member, name not mentioned, that kept shorting every level too and in the end he gave up because it was too hot. Now if he would have approached every level not as an opportunity for the retrace but as a signal for confirmation he would be laughing now.

Again, and this is now the third time I am mentioning this; I am not singling you out, I am not giving you slack for a wrong call, I am just using you as an example of how not to approach trading.
  • #235,030
  • Jul 1, 2010 8:25am Jul 1, 2010 8:25am
Quoting cloggie
Thank you.


Now we are getting somewhere, a chart and a reasoning. You got to be careful though because in your chart and your reasoning you still explain a pre conceived idea. You want to see a retrace and you are using every barrier in the way to justify the retrace, your ma's were blown aside, every fib level was ignored on the way up. Just identifying each and every level as your possible reversal target is just asking for trouble.

Now stop thinking and believing and justifying what you want to see.

Price has moved up significantly...
Been reading the posts today with interest, currently in a Long position from 14960, staying in this trade until i see a definate retrace.

Great explanation above by the way................
Trade the price action, not the cash!!!
  • #235,031
  • Jul 1, 2010 8:25am Jul 1, 2010 8:25am
Identify your levels, which you did, now don't think about where you believe it is going to go, just wait for it to tell you where it wants to go, then just follow it.


Cloggie, so for now we just have to sit and wait untill gu tells us where it wants to go ? Thx
  • #235,032
  • Jul 1, 2010 8:26am Jul 1, 2010 8:26am
Quoting cloggie
Thank you.


Now we are getting somewhere, a chart and a reasoning. You got to be careful though because in your chart and your reasoning you still explain a pre conceived idea. You want to see a retrace and you are using every barrier in the way to justify the retrace, your ma's were blown aside, every fib level was ignored on the way up. Just identifying each and every level as your possible reversal target is just asking for trouble.

Now stop thinking and believing and justifying what you want to see.

Price has moved up significantly...
ok see you on 4990 or 4940-915 area
that my TP and maybe my entry for buying
Verily, in every difficulties there is relief
  • #235,033
  • Jul 1, 2010 8:27am Jul 1, 2010 8:27am
Quoting primzvicious
ok see you on 4990 or 4940-915 area
that my TP and maybe my entry for buying

I don't know sometimes why I bother.
  • #235,034
  • Jul 1, 2010 8:27am Jul 1, 2010 8:27am
Quoting cloggie
Thank you.


Price has moved up significantly and has ignored several major levels so far. Go back a few pages and you can see B_B, Wormy, Kill and I sharing them here. Once a few of them go you need to see the next one in a different light,

huh??? why i'm not in there...,


FIGHT FIGHT FIGHT...,


.

hehehe kidding guys, what are you both debate for? anyone could false,.
I will be the number one Manager.
  • #235,035
  • Jul 1, 2010 8:30am Jul 1, 2010 8:30am
Quoting huskyboy
Identify your levels, which you did, now don't think about where you believe it is going to go, just wait for it to tell you where it wants to go, then just follow it.


Cloggie, so for now we just have to sit and wait untill gu tells us where it wants to go ? Thx

very true dont chase it let it come to u through the S/R above or below those are the lines on the sand and all S/R are the same trend lins pivot's or cam's
  • #235,036
  • Jul 1, 2010 8:31am Jul 1, 2010 8:31am
Quoting cloggie
Thank you.


Now we are getting somewhere, a chart and a reasoning. You got to be careful though because in your chart and your reasoning you still explain a pre conceived idea. You want to see a retrace and you are using every barrier in the way to justify the retrace, your ma's were blown aside, every fib level was ignored on the way up. Just identifying each and every level as your possible reversal target is just asking for trouble.

Now stop thinking and believing and justifying what you want to see.

Price has moved up significantly and has...
Hi buddy,

I invite you very clearly to more modesty.....you aren' t any guru even if YOU BELIEVE you are one....

May I remind you you criticised me when I told you at the beginning of retracement it was on and tried to argue with me with B**S***T arguments....

Watch your ankles, my friend....
Non licet omnibus adire Corinthum
  • #235,037
  • Jul 1, 2010 8:32am Jul 1, 2010 8:32am
Quoting keitsuke
Looks like the market just ignored the bad US employment data...
I dont think it ignored the news, it took it well and pushed GBP further higher...
  • #235,038
  • Jul 1, 2010 8:32am Jul 1, 2010 8:32am
Quoting javajames
Hi buddy,

I invite you very clearly to more modesty.....you aren' t any guru even if YOU BELIEVE you are one....

May I remind you you criticised me when I told you at the beginning of retracement it was on and tried to argue with me with B**S***T arguments....

Watch your ankles, my friend....

Exactly and this PA today proves you were 100% wrong, we are still in the same H4 channel we were in 4 weeks ago. It also proves your attitude towards trading, everybody else's opinion based on charts is bullshit, because you will only see what you want to see.

And by the way I am one of the dumbest traders out there and proud of it.
  • #235,039
  • Jul 1, 2010 8:33am Jul 1, 2010 8:33am
Cloggie, stellar explanation, this is one everyone should copy/paste & keep in the 're-read frequently' folder. Just added to your vouches

Quoting cloggie
Thank you.


Now we are getting somewhere, a chart and a reasoning. You got to be careful though because in your chart and your reasoning you still explain a pre conceived idea. You want to see a retrace and you are using every barrier in the way to justify the retrace, your ma's were blown aside, every fib level was ignored on the way up. Just identifying each and every level as your possible reversal target is just asking for trouble.

Now stop thinking and believing and justifying what you want to see.

Price has moved up significantly and...
******************* I'd rather make money than be right.
  • #235,040
  • Jul 1, 2010 8:34am Jul 1, 2010 8:34am
Quoting cloggie
I don't know sometimes why I bother.
man u are doing it for all of us a lot of ppl are watching reading learning u are an
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