Cable Update (GBPUSD) | Page 11951 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #239,001
  • Jul 17, 2010 11:44am Jul 17, 2010 11:44am
Quoting kill56
guys this is the best thread at ff and this the rules that we live by

darn i have to do the dish's my wife almost home

Hi Kill ! Do something to bring this spirit HERE . Here is all, "Man is Wolf to a Man" : the main motivation being, " I am the ONLY wise man in the Kindom of Forex so do as I say. The rest are all Noobies, I say"!
  • #239,002
  • Jul 17, 2010 11:54am Jul 17, 2010 11:54am
Quoting vilas
Hi Kill ! Do something to bring this spirit HERE . Here is all, "Man is Wolf to a Man" : the main motivation being, " I am the ONLY wise man in the Kindom of Forex so do as I say. The rest are all Noobies, I say"!
bro what ever happen in this room we are a family , all of us are here to learn teach and help , with respect to all when some body point a finger he means well magix cloggie dont like to see ppl losing there money and thats way they jumb on them , darn i am an idiot when i lose money lets work together lets make money lets have fun
  • #239,003
  • Jul 17, 2010 12:10pm Jul 17, 2010 12:10pm
Quoting wormboy
party?? wooohoo!
I feel the earth move .. under my feet
With all the Vitamins you have FED him, the fellow is literally bouncing ! Where do you think he is going to Stop WB ? Is it all the way to 48 !
  • #239,004
  • Edited 12:19pm Jul 17, 2010 12:16pm | Edited 12:19pm
Quoting kill56
bro what ever happen in this room we are a family , all of us are here to learn teach and help , with respect to all when some body point a finger he means well magix cloggie dont like to see ppl losing there money and thats way they jumb on them , darn i am an idiot when i lose money lets work together lets make money lets have fun
I agree but a lot of newbies have been upset. One clod called me too a N and you already know that we are on eachother's Ig list - first he put me there and then it was me who returned the compliment because frankly, I DO NOT need anyone's ideas - I have my own. In fact it was nothing to do with trading ideas over which he lost his cool - I sympathised with one whom he hated - so he put him and me both in Ig. No problem - couldn't care less

Cheers and Good Luck !
  • #239,005
  • Jul 17, 2010 2:18pm Jul 17, 2010 2:18pm
This is the post on which cloogie was based to say i was wrong:

Quoting No Stress
Hi to all,

Short at 1.5420. SL 1.5455 TP 145 pips. If we will go lower the 1.5237, i could expect 1.5000 level again.. If 4hr will close below 1.5350, it will be a very good sign to head south. If SL is touched, i'll go south at 1.5520 level.

Good trading for all.
I entered for test because touching 25% daily. but peak went to 1.5471. 35 pips lost for test. No problem.

This was the reason why i enter:

Quoting No Stress
Went short against 25% monthly level 1.5413 to expect retrace down to 50% daily 1.5265. Average old level at 1.5442. Was testing market with 35 pips SL only. Retrace is very near. Up to every one to wait or entering to not loose position.

Good trading for all.
GU was stabilized at 1.5440 level (average old level) for a good moment and never cross again 1.5471. Next resistance level was 50% on 4Hr at 1.5551. The average between this and 25% monthly was 1.5482. Peak was 1.5471 which is 11 pips lower. Good opportunity to short again but at better entry point which is the average old level. That's why hen explaining the reasons i said that:

Quoting No Stress
Retrace is very near. Up to every one to wait or entering to not loose position.
And i prefer to enter to not loose position. I'm not paid from FF to put all my entry orders immediately !!! No one here was !!. Up to every trader to follow or not analysis given. No one is lawyer of an other to protect him against good or bad advice. All of us have more than 18 years old, no?

My first target was 1.5270. 3 pips + spread higher then 1.5265 50% daily. GU was stopped at 37.5% retrace and failed to go to 38.2%( lowest 1.5278). Even H&S was not completed and we could go to 1.5247 i prefer to avoid greed seen week-end is very near and i hate to let open position when forex is closed, i prefer close the trades at 1.5293. No greed. I'm happy with that.

Quoting No Stress
And this is the result:
GBP/USD 1 S 1,54452 1,52939 151,3 15/07/2010 15:59 16/07/2010 12:21
GBP/USD 1 S 1,54477 1,52939 153,8 15/07/2010 15:59 16/07/2010 12:21
Total 2 305,1
Let's see now what cloogie said about my "failed" trades:

First failed he wrote, i explained and gave 35 pips lost against 305 pips won. Any trader to refuse this?

Second
"Pending order at 1.2520 and 1.2530. SL for both: 1.2560. TP 1.2370."

Quoting No Stress
I remember one day, one of the oldiest member in FF said that even all banks bankrupt the same day, the dollar will be the strongest in the world that day, retrace will come next day. Caricatural exemple, but what ever happen, there is always a retrace. Up to you to get indications from your chart at what level that could happen.

SL of all trades are locked at 1.2530. Maximum loss will be 10 pips.
Loosing opportunities is better than loosing money and sleeping lol.

See you next New York session. Good night.
Loss was 10 pips for two lots. Is it catastrophic because i need to sleep to go to work tomorrow?

Third

Short EU 1.2481 SL 1.2519 TP1.2350"Short EU 1.2481 SL 1.2519 TP1.2350"

That's what follow and never failed because get out and this is the explanation give at that time:

Quoting No Stress
Problem, that depends on time frame on which i manage my trade, sometimes i see market conditions change or alert given by the chart, i remove my SL on entry point, or close my trade, and no time to post this on FF. Just as now with EU i went short GJ at 132.56, just see that there was alert for change move direction, i closed my trade with 25 pips. Same with EU, i closed with 11 green pips and wait for 1.2500 to re-enter again.
11 pips are better than loss at SL, no?

Fourth

"IMHO, If we touch 1.23 within the next four hours, we will going down for a good time. "

It was an opinion, no trade is with. What's the problem with that? We are not authorised to give our opinion in FF because of such guy? Cloggie wants to become a new dictator in this world or what?

Fifth

"Test shorting GU 1.4903 and 1.4895"

And this what i wrote exactly:

Quoting No Stress
Test shorting GU 1.4903 and 1.4895. Very tight SL 1.4915. TP 1.4782 and 1.4650. Short EU 1.2242 and 1.2232 Very tight SL 1.2250 TP first open, second 1.2170. We'll see.

Good trading for all.
Failed with 24 pips for two lots:

Quoting No Stress
SL EU too tight. Out this time with 24 pips lost. Let's see for other opportunity.
Are 24 pips in two lots catastrophic for a ratio of 220 pips?

I'm working always with a very tight SL. My calculation is wrong, then i wait.

BUT, WHY CLOOGIE HAS ELIMIINATED THIS TIGHT SL AND LET ONLY THAT WAS A FAILED TRADE?

I will not search about good trades and traders who congratulate me because they won good green pips because following me, (even i never ask anyone to do it). Why? It took to me almost two hours to write this post. We are saturday and i have nothing to do but relax.

Like VILAS said, how Cloogie went to all these posts, searched what his diabolic intention wants to show to proove that only guys behind 2000000000000 posts could be right and others are newbies, beginners...etc, and at that time we were in full time trading before the week-end, trying to check market conditions change, new opportunities, following S&P and Dow, hearing CNBC..etc? How can he do that, if he is not in FF for only chatting and passing time, applause great and known traders and trying to make trouble inside traders? I check his posts for only four pages: 120 posts. I found only one post speaking that he is in trading !!!!!!!! Maybe i was wrong
The others were to insult this (on friday, we was four persons attacked at the same day), to applause the other, to try to play the teacher ..etc. Nothing serious when others come here as real trader to learn or to share or to ask ..etc.


That post was not for Cloogie, but even for traders (that i respect all of them), thinking that Cloogie is protecting some "newbies" with his attack against me and other traders. After what i said with a real proof, not modified like Cloogie did, do you still think that he is that protector? We are on the net, right. I could ignore what happened, but many come to learn here. When they find such guy, will they stay at FF? I'm not sure.

In my coutry, we answer such guys with only sentence: if you don't shame, do what you want.
No Signal, No Trade. No fundamenals, No headache.
  • #239,006
  • Jul 17, 2010 3:54pm Jul 17, 2010 3:54pm
Quoting Honored
Yes i am countertrending here, actually i will at around 1.5444 just coz i got the ballz to do it and also a big account lol well here are the reasons.

1. R3 is right there at around 1.5444
2. MML indi has the +1/8 bar
3. This area is a congestion zone
4. By the time it gets there it should be NY close or atleast close to it
5. H1 trendline hits right there at 1.5440
6. EU is not going up/ USDX is not going down at this time, its just GU moving up, sounds fishy. it wants to do a 200+ pip range just like EU did today
and we are going into asian...
Here is what i told him when he told me if anyone was counter trending and i was right. I shorted at 1.5444 and still holding it till 1.5240 for a 200+ pip profit and he got mad and he said he was leaving but came back a day later.... lmaooo. i basically dont give a F*&K of what anyone says here. I have good MM and thats what this is all about.
  • #239,007
  • Jul 17, 2010 4:36pm Jul 17, 2010 4:36pm
Quoting No Stress
...Cloggie wants to become a new dictator in this world or what?
...

That post was not for Cloogie, but even for traders (that i respect all of them), thinking that Cloogie is protecting some "newbies" with his attack against me and other traders. After what i said with a real proof, not modified like Cloogie did, do you still think that he is that protector? We are on the net, right. I could ignore what happened, but many come to learn here. When they find such guy, will they stay at FF? I'm not sure.

[b]In my coutry, we answer such guys...
Please don't get me wrong and this is nothing against you personally, especially since you took your time to compose your post, but looking at all your trades they were counter-trend. All of the trades in your post were shorts when GU in the last 2 months has been going long and I think this is the point that Cloggie, in his own Cloggie way, was pointing out.

The issue is that there are different types of trading. Day trading is very different to swing trading, whereby swing trading is trying to find points where price turns around and is done on higher timeframes. On forums it is not very clear what type of trades people are making.

There are also many different trading styles out there and if any newbie is going to learn by following just calls in people's posts, they will end up being a very confused bunny.

Don't get me wrong, there are some excellent traders on here such as Magix who explain the way they trade, what the signals are, when to enter/exit and have detailed explanations on their own thread. You will never see Magix post any of his trades on here, but he will always post his charts and analysis of cable.

People like Kill are always trying to help by posting indicators and giving out useful advice to newbies.

Cloggie by no means is any dictator. He is a man who has been trading for a very long time and has amassed some expert knowledge on trading cable which he has shared with the room and here is a small sample of this -

http://www.forexfactory.com/showthre...96#post3821796
http://www.forexfactory.com/showthre...28#post3786428
http://www.forexfactory.com/showthre...28#post3718328

Cloggie just gets frustrated when he sees people making schoolboy errors and lose all their money. We see plenty of that on here too.

In the end, we are who we are and we all have our own opinion on where cable is going. This is what makes this room and it is for what it is.

It seems you have good Money Management and as Wormboy always points out Money Management is king if you want to survive in this game. Trading is all about Money Management, Psychology and following your own Trading Plan.

I wish you success in your trading and peace out
  • #239,008
  • Jul 18, 2010 2:48am Jul 18, 2010 2:48am
I loved this movie...Big Daddy Bart the Bear..
Quoting forexlion
http://www.youtube.com/watch?v=HMZSWoZHhMI
  • #239,009
  • Jul 18, 2010 3:57am Jul 18, 2010 3:57am
a very interesting discussion .. even if I have no idea what everyone is on about.

just repeating my question: the best chart in the world .. is it any use to you if the USdollar decides to take a flying leap either way? which it seems to be doing on an almost daily basis?
  • #239,010
  • Jul 18, 2010 4:23am Jul 18, 2010 4:23am
Hi Bbakker,

Thanks for reading my post and for taking time to answer. Taking my defense and Cloogie's makes you an objective person.

The problem with Cloogie was not trading itself. The problem was the minimum of education that a member has to have when speaking with an other members. What gives him the right to attack or insult Oldregatan, Honored, ramksanj, me, Vilas and others ?? Is that behavior coming from who wants to help ?? No one needs help if given with words like noobs, chied idiot ..etc !!!! And what help? All of us saw GU will go down and explain it and we got reason. When we got reason we are noobs? when he got reason he is Livermore?? Again, the problem is not to have or not reason because with good money management, you can always take many advantages, but the real problem is the behavior and the education to speak to other.

He went to my old post, modify and eliminated some key words as i explained in my last post and came to say that 99% of my trades are wrong, meaning if i succeed because of luck !! For him "IMHO, IF" was a trade. 10 pips lost for two lots was a failure, 25 pips lost for two lots was a catastrophe ..etc. Was that objective and honnest ???

I was not couter-trend, simply because my approach to trading is ignoring the definition of the trend. When i did not follow that, i missed, me too, some opportunities like in EU last weeks. Many people was thinking that EU will go to 1.16 before going higher, including some great banks, but trend was changed and i was waiting for trend to come back to lower, while my approach telling me to not trade with a trend. I said in one post before, that i'm a target trader, not a swing trader, not a day trader and not a scalper. I could combine the three style as i could follow only one of them or combining only two of them. It depends on the trade, the pair, the time frame..etc. That's why i'm working with tight or very tight Stoploss every time which gives me a very good ratio each trade. Maybe an other time, i'll give more about my approach.

Every trader should be humble and polite. Every day we knew something new in trading. No one got the extra knowledge. We never stop learning from trading. I can see what you can not see and vice versa. Discuss, don't give lessons, give reasons, show weak points of any trade you want to analyze, try to correct a missunderstanding of a pattern ..etc, but be polite. All we ask is to be polite and respect with all members. That's it. Difficult?
No Signal, No Trade. No fundamenals, No headache.
  • #239,011
  • Jul 18, 2010 4:30am Jul 18, 2010 4:30am
Quoting No Stress
Hi Bbakker,

Thanks for reading my post and for taking time to answer. Taking my defense and Cloogie's makes you an objective person.

The problem with Cloogie was not trading itself. The problem was the minimum of education that a member has to have when speaking with an other members. What gives him the right to attack or insult Oldregatan, Honored, ramksanj, me, Vilas and others ?? Is that behavior coming from who wants to help ?? No one needs help if given with words like noobs, chied idiot ..etc !!!! And what help? All of us saw GU will go...
Humble,polite and respect ............
  • #239,012
  • Jul 18, 2010 4:40am Jul 18, 2010 4:40am
hi all,

im looking for complete wave 4 in yellow this week to 1.4948.

good luck n happy trading....
Attached Image (click to enlarge)
Click to Enlarge Name: gu daily.gif Size: 29 KB
Gold Expedition Return This Year: -16.6%
  • #239,013
  • Jul 18, 2010 7:11am Jul 18, 2010 7:11am
Just imagine u are tied to a wild horse and it drags u all the way. If u enter in the wrong side it,s the same. Don,t let them drag u
I am long term 4% up bant account oildependent currency against usd in 4 months time and +14% in 12month time against usd
  • #239,014
  • Jul 18, 2010 7:54am Jul 18, 2010 7:54am
Quoting bbakker
Please don't get me wrong and this is nothing against you personally, especially since you took your time to compose your post, but looking at all your trades they were counter-trend. All of the trades in your post were shorts when GU in the last 2 months has been going long and I think this is the point that Cloggie, in his own Cloggie way, was pointing out.

The issue is that there are different types of trading. Day trading is very different to swing trading, whereby swing trading is trying to find points where price turns around and is done...

I can't see his posts, he has been talking to Iggy Pop for a long time, but looking at the part you are quoting he is still trying to miserably predict the tops and countertrend his trades, one of these days (after a few failed accounts) the muppets will learn that trading with the trend and not trying to predict tops is so much easier.

Just a few made up results and oh yeah I got 200 pips after the fact, just didn't mention it here only his failed trades. Typical noobie, keep trying to do the same stupid thing expecting different results (Einstein)
  • #239,015
  • Jul 18, 2010 8:10am Jul 18, 2010 8:10am
Quoting No Stress
.

.... I said in one post before, that i'm a target trader, not a swing trader, not a day trader and not a scalper. I could combine the three style as i could follow only one of them or combining only two of them. It depends on the trade, the pair, the time frame..etc. That's why i'm working with tight or very tight Stoploss every time which gives me a very good ratio each trade. Maybe an other time, i'll give more about my approach.
I'd be interested in knowing more about this 'target trading', it sounds like a unique approach & could be a useful extra tool in one's trading arsenal.
I also prefer to trade with very tight s/l's whenever possible.
******************* I'd rather make money than be right.
  • #239,016
  • Jul 18, 2010 8:20am Jul 18, 2010 8:20am
I also like the idea of shorting cable.
But 1.52 could be a problem (100 pips away) with SL at 1.55 (200 pips away). Is it worth?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 20 KB
  • #239,017
  • Edited 8:42am Jul 18, 2010 8:30am | Edited 8:42am
Quoting 4xStar
I'd be interested in knowing more about this 'target trading', it sounds like a unique approach & could be a useful extra tool in one's trading arsenal.
I also prefer to trade with very tight s/l's whenever possible.

Pretty easy 4X, find a currency that has been in a tight uptrend for 2 months and guess where the big boys' targets are for some profit taking, throw enough countertrades on before there is any indication of a retrace and pray and hope that one of 'm is bout to pay off. Then post here after the fact slapping yourself on the back that you made 200 pips, with some madeup Excel cut and paste jobbie showing you made 2k. Oh and of course argue with every trader here saying that countertrading anticipating a retrace is counterproductive, find a few noobie mates and go on for a page or 3.
  • #239,018
  • Jul 18, 2010 8:47am Jul 18, 2010 8:47am
Quoting cloggie
Pretty easy 4X, find a currency that has been in a tight uptrend for 2 months and guess where the big boys' targets are for some profit taking, throw enough countertrades on before there is any indication of a retrace and pray and hope that one of 'm is bout to pay off. Then post here after the fact slapping yourself on the back that you made 200 pips, with some madeup Excel cut and paste jobbie showing you made 2k. Oh and of course argue with every trader here saying that countertrading anticipating a retrace is counterproductive, find a few noobie...
Hi Dutch.....

Do you feel you're the best ?
  • #239,019
  • Jul 18, 2010 9:09am Jul 18, 2010 9:09am
Hi Cloggie...I have been trying to just read past all this disruption...newbies... myself included need not to make such a fuss about themselves...I am interrested in the more experienced traders information.. to support what I am thinking..and if not..I want to look at what they are looking at and decide for myself...I am interrested in why you do what you do..pa...s&r areas, fibs, not egos full of themselves with nothing to back it up...You experienced traders are important to us new ones..or better put those of us trying to get the dance down..this site has been so very helpful to me and I really appreciat all of the great info and help I have seen here...I need the comraderie..the we are all fighting together here..
Quoting cloggie
Pretty easy 4X, find a currency that has been in a tight uptrend for 2 months and guess where the big boys' targets are for some profit taking, throw enough countertrades on before there is any indication of a retrace and pray and hope that one of 'm is bout to pay off. Then post here after the fact slapping yourself on the back that you made 200 pips, with some madeup Excel cut and paste jobbie showing you made 2k. Oh and of course argue with every trader here saying that countertrading anticipating a retrace is counterproductive, find a few noobie...
Attached Image
  • #239,020
  • Jul 18, 2010 9:11am Jul 18, 2010 9:11am
Quoting StarChild
Hi Cloggie...I have been trying to just read past all this disruption...newbies... myself included need not to make such a fuss about themselves...I am interrested in the more experienced traders information.. to support what I am thinking..and if not..I want to look at what they are looking at and decide for myself...I am interrested in why you do what you do..pa...s&r areas, fibs, not egos full of themselves with nothing to back it up...You experienced traders are important to us new ones..or better put those of us trying to get the dance down..this...

"Keep your eyes on the helpers" - Mr. Rogers
276 traders viewing now, 1 is registered:
harryatrader