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Cable Update (GBPUSD)

  • #236,961
  • Jul 10, 2010 2:26pm Jul 10, 2010 2:26pm
Quoting Allseeingeye
What do you mean still waiting we havent gone anywhere, if you had a good memory you would have complamented me on saying we are not going up till we go down first, 1.4950 but this is FF it should be called FFE (EGOS), I am still Honored that you laugh at me, only taking my money hurts!
Hi bro
Hope u got my relpy to ur view in previous page
  • #236,962
  • Jul 10, 2010 2:28pm Jul 10, 2010 2:28pm
Quoting Allseeingeye
What do you mean still waiting we havent gone anywhere, if you had a good memory you would have complamented me on saying we are not going up till we go down first, 1.4950 but this is FF it should be called FFE (EGOS), I am still Honored that you laugh at me, only taking my money hurts!
My comment:
I will be more confident to my positions when see a lot go opposite of my view (Of course as long as i have a Plan"
  • #236,963
  • Jul 10, 2010 2:42pm Jul 10, 2010 2:42pm
Quoting egkid
Hi bro
Hope u got my relpy to ur view in previous page
At least if we sink we will be together but I think we are right, I am SCARED to short GBP/USD with the Oil Spill still there & Methane that could BLOW UP if something blew we would see 1.75 in 8 hours they want to DESTROY AMERICA!
  • #236,964
  • Jul 10, 2010 2:45pm Jul 10, 2010 2:45pm
Quoting Allseeingeye
What do you mean still waiting we havent gone anywhere, if you had a good memory you would have complamented me on saying we are not going up till we go down first, 1.4950 but this is FF it should be called FFE (EGOS), I am still Honored that you laugh at me, only taking my money hurts!
we will see after we hit 1.4950, and then if we break 1.4850 its over and u can keep dreaming about ur 1.5400 lol

the trend line on daily hits around 1.4350 which is way too far down. dont think Gu will be wasting time here going up and down back and forth. time will tell
  • #236,965
  • Jul 10, 2010 2:53pm Jul 10, 2010 2:53pm
Quoting egkid
OK here it's how i read it

1- If daily close above 1.53 we will retrace down then up to 1.63 maybe higher (No 1.45 at all in my view In that case)
2- If Daily close 1.48 or lower Bye GBP we head much lower and that up move was correction.

Mostly i think we will not go under 1.48 and we going Up
We are in up trend on 4H TF since we break 1.46 and i keep an eye on that
Now we [email protected] "Interesting"

I could be wrong so follow only your own chart
GL
I am a true believer in Elliot Waves & I have reevaluated my count & we are in an ABC & A should either be done or it will go to 1.55 area then we will get B at around 1.45 1.44 then C up to 1.56-1.60, I am more then likely going long at the open, especially if we get a gap down. But
we never know when the count can be thrown out the door & reevaluated again so lets see what the week brings us.
  • #236,966
  • Jul 10, 2010 3:28pm Jul 10, 2010 3:28pm
Quoting Honored
we will see after we hit 1.4950, and then if we break 1.4850 its over and u can keep dreaming about ur 1.5400 lol

the trend line on daily hits around 1.4350 which is way too far down. dont think Gu will be wasting time here going up and down back and forth. time will tell
I am honored by your view but I don't understand about wasting its time, around here price hasn't even stopped moving up & you want it to go flying down like a video game, this isn't a video game there are many factors that go into moving currencies & the Good Ole US of A IS NOT IN GREAT SHAPE! So don't expect any great movements down unless someone kills the Queen! Your low is my low 1.45 so that means you might think it will keep dropping I think it will go up, I don't marry any position I change my view Daily, go short when we are going down long when my waves say up, that's what trading is.
  • #236,967
  • Jul 10, 2010 5:07pm Jul 10, 2010 5:07pm
Quoting cloggie

If regulators/brokers would set a minimum of 10,000USD as a hurdle for entry the failure rate would drop significantly. OR they should introduce an FX license, pass a written exam before you are allowed in. Keep the muppets and gamblers out.
But where would the FX market or any other market be without the Muppets, Gamblers, etc.?

The market needs them to offset the tremendous overheadf costs of doing business; commissions, communication costs, salaries, fancy offices, bonuses, etc.. If these are not paid for the market ceases to exist.

God Bless the Muppets, I am one for a good part of the time, but without themthere would be no market.
  • #236,968
  • Jul 10, 2010 5:17pm Jul 10, 2010 5:17pm
[quote=huskyboy;3863860]As we all tend to agree, psychology plays a major role in a Forex trader’s success. As such, the state of mind of the individual will, to a large extent, determine the level of success she’ll enjoy. Therefore, as a trader, I am constantly aiming, and sometimes struggling with all the psychological feedback the market throws at me....




This is the body of an article written by Sophia Smith in "Winners Edge" on July 9, 2010, titled "IS FOREX TRADING FOR EVERYONE? "

You should have acknowledged the original writer. It cost that lady something to produce this write-up that you have plagiarised.

If you are a writer yourself, you won't be happy to see someone dub your write-up word for word in another tabloid as if it was his own without making any reference to you.

It doesn't cost you anything to quote your source; rather it makes your case stronger
  • #236,969
  • Jul 10, 2010 5:23pm Jul 10, 2010 5:23pm
Quoting cloggie
The biggest problem in FX is that is has no entry requirements, any muppet can have a stab at it, call a broker, open an account and have a go. And that skews the statistics, there are 1,000's of retail traders that fail because they have no business being here in the first place.

Trading is a business and needs to be approached as such, 90% of the 95% would fail in any business, not just FX.

rant out.
A rather bleak and disgusting view of the markets here my friend. A diatribe that should be as welcome as trading advice from Nahvin.

Do you stand beside the picture booth at Christmas to tell kids there is no Santa?

FACT
You stand a better chance at dying on your way out to buy a lottery ticket then you do at hitting the jackpot.

Slim as the chances are at forex, there are a lot worse options.

“I didn’t fail. I just found ten thousand ways that didn’t work.”
—

Thomas Edison
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #236,970
  • Jul 10, 2010 5:28pm Jul 10, 2010 5:28pm
Quoting Magix


there is no Santa?



What do you mean? Who is the fat guy then that drinks the milk and eats the cookies?

Did you see this report I posted earlier that started the discussion: http://forexmagnates.com/demo-tradin...-are-alarming/
  • #236,971
  • Jul 10, 2010 5:36pm Jul 10, 2010 5:36pm
Quoting cloggie
What do you mean? Who is the fat guy then that drinks the milk and eats the cookies?

Did you see this report I posted earlier that started the discussion: http://forexmagnates.com/demo-tradin...-are-alarming/
Yup, saw it.

Again, something that offers no perspective on anything other then statistics.

2000 new traders per day, means there is probably about the same amount that wash an account.

It doesn't mean anything.

With any game of chance, where ever there is an opportunity to win or lose, succeed or fail, there will always be the gamblers, but that doesn't mean we should paint all with the same brush.

I think if people wanted to read crap like that, or how big of a failure they were going to be...they would seek it out. I think we could offer a better taste of success on all levels with practical analysis, and market direction probabilities then to offer a win-loss ratio for traders in the market.

Though this is a sample of reality, it is not a true statement of perspective.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #236,972
  • Jul 10, 2010 5:40pm Jul 10, 2010 5:40pm
Major trend is bearish. I think GBPUSD is on its way to $1,48 to find some support but what I think it will happen is that the 1,48 level will not hold and we'll get to news lows. It is extremely overbought on the daily as it was in April. Its getting the same behavior from the indicators as it did back then. Market seems tired of pushing it up. Lets see what it does in the next few weeks.

Best Regards

MarketInvestor
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  • #236,973
  • Jul 11, 2010 5:46am Jul 11, 2010 5:46am
high enjoy some indis
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  • #236,974
  • Jul 11, 2010 6:53am Jul 11, 2010 6:53am
The usd will be falling smoothly for 5 years against oildependent currencies. I am 14% up against usd ithis year 1:1 leverage and reloaded for 3 years time. Any opinion?
  • #236,975
  • Jul 11, 2010 9:33am Jul 11, 2010 9:33am
Quoting meromar
The usd will be falling smoothly for 5 years against oildependent currencies. I am 14% up against usd ithis year 1:1 leverage and reloaded for 3 years time. Any opinion?
I have the oposite opinion. I am very bulish on the dollar for the long term as the euro will begin to fall apart as problems spread from country to country and USD continues to be the reserve currency (this doesn't mean that the dollar may not be weak for the short term) . I believe we'll have some bearishness in the pairs related to the USD in the medium term. Lets see what happens...

Best Regards

MarketInvestor
  • #236,976
  • Jul 11, 2010 10:44am Jul 11, 2010 10:44am
UK attractiveness report, an interesting read.
  • #236,977
  • Jul 11, 2010 10:47am Jul 11, 2010 10:47am
Quoting cloggie
UK attractiveness report, an interesting read.
hi sir...
want to ask your second opinion...
off topic..about AUD..
i got doji on tf daily
also cant break ma 200 on daily chart...i see some revesal going down..
what your think sir...
Revesal Trader
  • #236,978
  • Jul 11, 2010 11:01am Jul 11, 2010 11:01am
Quoting meromar
The usd will be falling smoothly for 5 years against oildependent currencies. I am 14% up against usd ithis year 1:1 leverage and reloaded for 3 years time. Any opinion?

For a moment in your message title, I thought you were 14 years old!

I see the dollar crashing badly, not smoothly, and not yet. GBP and Euro will go first and there will be many fake moves .. but sooner or later, late this year, next year or possibly the year after the $ will be crash-devalued so we can make the move to the global currency already waiting in the wings.
This is not a time to have any long range plans or holds .. those who learn how to ride the waves and always get in late & out early .. as per Cloggie, magix, kill, Wormy & others .. will make serious money despite all this economic insanity.
******************* I'd rather make money than be right.
  • #236,979
  • Jul 11, 2010 11:13am Jul 11, 2010 11:13am
Quoting 4xStar
For a moment in your message title, I thought you were 14 years old!

I see the dollar crashing badly, not smoothly, and not yet. GBP and Euro will go first and there will be many fake moves .. but sooner or later, late this year, next year or possibly the year after the $ will be crash-devalued so we can make the move to the global currency already waiting in the wings.
This is not a time to have any long range plans or holds .. those who learn how to ride the waves and always get in late & out early .. as per Cloggie, magix, kill, Wormy & others...

I like to look as charts to render my opinon, and yes you are right, the dollars days are coming, but I am seeing even longer term perhaps even 5 more years. If you look at the USD index chart you will see that over the past 50 years USD strength/weakness has run in 7 - 10 year cycles. According to what I am seing, we are only into the second year of the dollar bull. Certainly there are no gaurantees that these cycles will stay as they have in the past, but it is just what I am seeing.... Long term USD strength for many years to come is how I see it, though does I really matter.. lol I rarely play any chart for entries of the 1H TF.
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,980
  • Edited 11:50am Jul 11, 2010 11:28am | Edited 11:50am
some more indis enjoy

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http://www.mysmp.com/technical-analy...esistance.html
http://www.babypips.com/school/suppo...esistance.html
http://ta.mql4.com/linestudies/support
http://www.incrediblecharts.com/tech...resistance.php
http://www.investopedia.com/articles...cal/061801.asp
http://stockcharts.com/help/doku.php...t_and_resistan
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File Type: mq4 AutoPivotIndicator_ver5.mq4   31 KB | 276 downloads
File Type: mq4 #SpudFibo.mq4   8 KB | 266 downloads
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