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Cable Update (GBPUSD)

  • #240,101
  • Jul 21, 2010 2:03pm Jul 21, 2010 2:03pm
Quoting digger1
hey man how you doing today my friend
doing great bro some cans not bad at all , i see u have 575tick ist the same
  • #240,102
  • Jul 21, 2010 2:08pm Jul 21, 2010 2:08pm
Attached Image (click to enlarge)
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  • #240,103
  • Edited 2:54pm Jul 21, 2010 2:14pm | Edited 2:54pm
Hi
Last Long position Add 1.5165 TP 1.5780
Not marry to my positions but i see nothing to change my Plan.

Edit:My Post Before the week start here
http://www.forexfactory.com/showpost...&postcount=101
Here it's My Chart and My Next Target
Attached Image (click to enlarge)
Click to Enlarge Name: ggg.gif Size: 22 KB


One Last thing :
As always says "I could b wrong don't follow me follow ur Chart
Enjoy
GL
  • #240,104
  • Jul 21, 2010 2:17pm Jul 21, 2010 2:17pm
Quoting wormboy
cheers vlad

I like the word "when". That's conviction.
I need to sleep. my next alert is @5010. Won't complain tho if I have to get up again before tokyo later to collect

later bro. good luck!
yeah man.. not with this Train. [too crowded]

I'll wait the next one.. few stops higher..
  • #240,105
  • Jul 21, 2010 3:47pm Jul 21, 2010 3:47pm
Quoting DubaiFX
Shorts worked out well..
Still there is room for gbpusd to go down more
lets see....
As i said before there is still chance of going low GBPUSD...
Be carefull because it might get oversold also,
Happy Pips to all,

Trade.Wisely
Don't compare your Trades with Others
  • #240,106
  • Jul 21, 2010 3:55pm Jul 21, 2010 3:55pm
Have work early
Catch u tomorrow guys
All Take care
  • #240,107
  • Jul 21, 2010 5:00pm Jul 21, 2010 5:00pm
http://img96.imageshack.us/img96/6659/85463662.gif
  • #240,108
  • Jul 21, 2010 5:18pm Jul 21, 2010 5:18pm
imo targets reached, bulls in control again...

D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #240,109
  • Jul 21, 2010 7:55pm Jul 21, 2010 7:55pm
I think we will see 1,5120 at first and later may be bull, but I think that bears can move to 1,5020 ..
london will show..
  • #240,110
  • Jul 21, 2010 8:28pm Jul 21, 2010 8:28pm
Quoting mouse09
I think we will see 1,5120 at first and later may be bull, but I think that bears can move to 1,5020 ..
london will show..
Im betting we will see at least 1.50 before another Bull Run up for a new high my Lowest target is 1.48 area
  • #240,111
  • Jul 21, 2010 8:39pm Jul 21, 2010 8:39pm
Quoting egkid
Hi
Last Long position Add 1.5165 TP 1.5780
Not marry to my positions but i see nothing to change my Plan.

Edit:My Post Before the week start here
http://www.forexfactory.com/showpost...&postcount=101
Here it's My Chart and My Next Target
Attachment

One Last thing :
As always says "I could b wrong don't follow me follow ur Chart
Enjoy
GL
We will even go higher I think 1.60 but you can get a much better entry around 1.48-1.49 area.
  • #240,112
  • Jul 21, 2010 8:44pm Jul 21, 2010 8:44pm
I posted yesterday that we are in a HUGE Fundamental Bearish Divergance that has Bombarded news services the last 4 months yet the GBP keeps going up & now we get some more. Sooner or later this thing is going to Correct HARD & LIGHTNING FAST, Like it did last night but MUCH BIGGER.!

Wednesday, July 21, 2010 18:41:16
(UK) BoE Dale: UK growth and inflation outlook has deteriorated ; Growth is softening and sees inflation above target at year end - Interview with the Independent
- Economy is not going to be back to normal "for an awfully long time"

  • #240,113
  • Jul 21, 2010 8:49pm Jul 21, 2010 8:49pm
Quoting egkid
Hi
Last Long position Add 1.5165 TP 1.5780
Not marry to my positions but i see nothing to change my Plan.

Edit:My Post Before the week start here
http://www.forexfactory.com/showpost...&postcount=101
Here it's My Chart and My Next Target
Attachment

One Last thing :
As always says "I could b wrong don't follow me follow ur Chart
Enjoy
GL
All the best.. i think fundamentals will build trend over next few weeks.. till Aug 5 atleast..

Anyways I redrew your chart like this:

Attached Image (click to enlarge)
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  • #240,114
  • Edited 10:35pm Jul 21, 2010 9:23pm | Edited 10:35pm
Quoting vilas
Although in general I can say that Magix has shown a method to many newbies how to trade for small gains, this is not necessarily followed by all - there is more than one way to trade and as long as one has good MM, he can come out ahead.

All the same, comments by third persons are not appreciated by all. for such persons, I have a simple advice - put the unwelcome commentators on your Iggy List - then their comments won't appear on your page and so relieve you of having to read them.

Although Forums are about fellowship and helping each...
Really, I shouldn't waste my time with this post...but....

You really are an idiot aren't you. You are standing up for peoples rights to continuously lose money? What is wrong with you. IF you had been paying attention to that fellas plays over the last few days you will see the same repetitious newbie errors. Buying resistance and selling support.

Now get past the fact that this guy is a commercial member, meaning, he actually charges people to learn to play like a newbie. This guy will not only slaughter his account, but completely annihilate others that put their trust into him...but that's not your problem, telling him to keep doing what he is doing is a really good idea.

Now...
You have been here nearly 3 years, haven't posted a single chart, and then you find time to go on these rants...What is your point? Do you even trade? There is nothing inside of any comment that I have seen in 3 pages off your profile that even suggests that you have taken a trade.

So, what are you really trying to offer?

Over the last few days...not only myself but wormie and others have cautioned this fella about his trades...not to be right, not because he is trading our accounts, but because he makes the same error continuously.

Ima gunna play out a scenario for ya, and I will bet that if this didn't happen last night, it probably happened to this fella a quite a few times.

He takes the headfake sell on short...sets his really tight stop loss to 40 pips and is wiped out.
So, as he is a sucker for movement, he takes the long, just as market drops 130 pips...DAMMIT, can't win short, can't win long, goes short again, only for market to buy back his 130 making this a hat trick for market, lambchop for newbie.

There are those of us that take time to post charts, strategies, plays and suggestions...for a damn good reason, we just plain and simple don't want others to bite on bullshit.

BUT

Thankful for the cable thread, you are the champion of losers. You keep chiming in ACE, and you will see your forum page become a lot more quiet, as our new traders exit the market, victims of crap calls by people that just can't be bothered to do anything different.

The next time you want to comment on what a senior trader has to say, take 10 seconds and try and realize why something got said in the first place. IF you feel that you can add to it, go for it. IF you are just here to champion the under dog....Save us all from more of the nothingness you have already offered.

M
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #240,115
  • Jul 21, 2010 11:34pm Jul 21, 2010 11:34pm
Good day to you,

Attached a chart on GU - 1hr. These are levels you need to take note of. I have numbered these and will reference them for your convenience.

1) The 50% line of last week's price movement @ 1.5208. Below this level (serves as a pivot) is telling us we are in bearish territory as opposed to where we were a week ago.

2) Monday's close @ 1.5226

3) The 1.5200 level - confluence of round number and previous SR

4) The 50% line of the current month's range @ 1.5171 - as long as this line offers resistance - we need to be aware that there still is some bullish centiment around. Period.

5) Here we have a bit of confluence - price above the daily open @ 1.5163 ( price above a daily open is always a bullish sign) - although still early in the trading day - so less significant still - but there. Below this we have the low of 2 days ago @ 1.5152

6) Another confluence area - The high of last month @ 1.5126 and a strong SR level just below @ 1.5122

7) And - ladies and gentlemen.... in the left corner..... coming in at 1.5079....all the way from last week....give it up for....the opening price!

So - if I were to make a trading decision based on this thart, I would say that 1.5226 would void all shorter term fresh shorting. I would like to see the 1.5208 level serve as resistance.

A break back below 1.5163 ( daily open) and further resistance here, will see price moving to 1.5055 as target ( this number based on time and price angle / gradient)

Trade well and I wish you all success

Regards
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  • #240,116
  • Jul 22, 2010 12:23am Jul 22, 2010 12:23am
Hi Tau.

I see you have the Karl Dittman extra signals...

Is it any good? worth the 95 dollars?


Quoting TauTrader
Good day to you,

Attached a chart on GU - 1hr.
  • #240,117
  • Jul 22, 2010 12:31am Jul 22, 2010 12:31am
Quoting bidalufias
Hi Tau.

I see you have the Karl Dittman extra signals...

Is it any good? worth the 95 dollars?
Good day to you,

No. Not on it's own. I do use this as part of a wider group of indicators for one spesific trade setup only. With that said - in my opinion - your standard OSMA found in MT gives you very similar information.

This is opinion only.

Regards to you
  • #240,118
  • Jul 22, 2010 12:48am Jul 22, 2010 12:48am
Thanks for the info Tau.

i'm still new in forex. been trading for only about 1 year.

blown my mini 100 dollar account many times. once i climbed up to as much as 4k then unleashed HELL. i was like posessed and just kept on opening counter trend trades hoping to pick the TOP. Ended up with 18 open trades and what do you know... margin call!

the thing is, i dont trade full time and so i miss most of the setup's. when i get the chance to enter, the move is already on its way and when i jump in, everybody has left.

it is almost like, at that very moment that i enter, the market decides to reverse. i think i cause it to move!!! haha. powerful me!

now i just scalp... few pips in the green, i'll take it and run.

another funny thing is, when i decide to stay in the trade, profit turns into loss. but when i decide to cash out, market moves even more and i could have doubled or trippled my profits.

funny thing, this trading. but i am determined to get the better of it!

learn alot from this thread. keep it coming guys.

Thanks!
  • #240,119
  • Jul 22, 2010 12:56am Jul 22, 2010 12:56am
Quoting bidalufias
Thanks for the info Tau.

i'm still new in forex. been trading for only about 1 year.

blown my mini 100 dollar account many times. once i climbed up to as much as 4k then unleashed HELL. i was like posessed and just kept on opening counter trend trades hoping to pick the TOP. Ended up with 18 open trades and what do you know... margin call!

the thing is, i dont trade full time and so i miss most of the setup's. when i get the chance to enter, the move is already on its way and when i jump in, everybody has left.

it is almost like, at...
LOL!

You are in a good club my friend. A lot of us got our start here.

It takes time, patience, understanding and a willingness to want to learn. It can still be a bit of a trip to push the button, but it gets a little easier each time. Keep with it and you will be greatly rewarded for your efforts.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #240,120
  • Jul 22, 2010 1:13am Jul 22, 2010 1:13am
Quoting bidalufias
Thanks for the info Tau.

i'm still new in forex. been trading for only about 1 year.

blown my mini 100 dollar account many times. once i climbed up to as much as 4k then unleashed HELL. i was like posessed and just kept on opening counter trend trades hoping to pick the TOP. Ended up with 18 open trades and what do you know... margin call!

the thing is, i dont trade full time and so i miss most of the setup's. when i get the chance to enter, the move is already on its way and when i jump in, everybody has left.

it is almost like, at that...
yep dont worry, blown my bank deposit in 2 years.. LOL.. I'm broke, been 4 years now.. everything changed in 2 or 3 years.. DOnt worry. u are on the right track.. Keep learning. if trading is so easy, i guess people wont work normal job anymore. dont u think so?

another addition, try to keep with your usual lot. if you trading with 1 mini lot.. keep it up.. dont add more lots.. if you could do that consistently in 1 year, believe me you will trading with free emotion trading style.. dont forget SL, keep your SL intact. a 100 SL for example. Just dont add more.. Keep it strict.. Its hard, but believe me, i learn to do it everyday in my second year, and it worked..
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