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Cable Update (GBPUSD)

  • #244,681
  • Aug 10, 2010 3:45pm Aug 10, 2010 3:45pm
Sorry chart did not appear
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  • #244,682
  • Aug 10, 2010 4:02pm Aug 10, 2010 4:02pm
If one sticks to the basics the outcome is very clear as this chart shows
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  • #244,683
  • Aug 10, 2010 4:04pm Aug 10, 2010 4:04pm
Quoting USD-Bear
more then 40 years as a certified financial analyst
Wow....And this is what you came up with?

Aight man...

I am sure the rest of your technical analysis on this will be greatly missed...though I am not sure by who.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #244,684
  • Aug 10, 2010 4:09pm Aug 10, 2010 4:09pm
Hi guys,

Maybe this thread should be renamed to 'lets cut each others throats' or 'fight night' because no one seems to discuss trading and the majority of times people are trying to humiliate each other here...

Can we stick to what this thread is for... Being relatively new to trading and still in the learning process, i am more eager to learn about trading then about reading people ridicule each other all the time...

Please guys, help us newbies out okay...

Thanks,
Q.
  • #244,685
  • Aug 10, 2010 4:11pm Aug 10, 2010 4:11pm
Quoting Magix
Wow....And this is what you came up with?

Aight man...

I am sure the rest of your technical analysis on this will be greatly missed...though I am not sure by who.
Wish you luck with your very clear and defined trade rules in a market which is not that clear and defined. It must be your years....
Don't be a hero. Don't have an ego. Always question yourself
  • #244,686
  • Aug 10, 2010 4:13pm Aug 10, 2010 4:13pm
Quoting Magix
Wow....And this is what you came up with?

Aight man...

I am sure the rest of your technical analysis on this will be greatly missed...though I am not sure by who.
both of you are great trader but like my master said


Quoting grashid
sometime less talk is better rather than talk too much..but nothing ..that is what a lot of people overhere...make it simple and easy trade mate..
happy trading
Verily, in every difficulties there is relief
  • #244,687
  • Aug 10, 2010 4:16pm Aug 10, 2010 4:16pm
Quoting qaisf
Hi guys,

Maybe this thread should be renamed to 'lets cut each others throats' or 'fight night' because no one seems to discuss trading and the majority of times people are trying to humiliate each other here...

Can we stick to what this thread is for... Being relatively new to trading and still in the learning process, i am more eager to learn about trading then about reading people ridicule each other all the time...

Please guys, help us newbies out okay...

Thanks,
Q.
There is plenty of great trading advice here. These guys share their experience when they have time. It is not anyones job to teach us how to trade here.

All the rest can be entertaining well you wait for a trade to set up.
  • #244,688
  • Aug 10, 2010 4:18pm Aug 10, 2010 4:18pm
it has been a great 24 hours of price action in comparison to sleepy Monday.... love such volatility..... for those who are considering to go long, watch usd index.... it broke the downtrend resistance line pre news & find a support on the same line after the release..... we have to see if we get a follow through on the break or not..... if not we should see cable rising to 1.6 area......
  • #244,689
  • Aug 10, 2010 4:21pm Aug 10, 2010 4:21pm
I think they need to both have a drink and get laid..... lol. All I can say is I have been on and off this trend for over 4 years and nothing changes. There is always 2 or 3 people that think they run the show. U can run the show but have some class about it. In other words if do not agree with someone find out why and maybe help them, if they want help. If they do not then ignore them. that simple..... No one is a 100% right and if u r that good then u should be teaching at a higher level.....

Quoting primzvicious
both of you are great trader but like my master said




happy trading
  • #244,690
  • Aug 10, 2010 4:21pm Aug 10, 2010 4:21pm
Quoting rosssurf
If one sticks to the basics the outcome is very clear as this chart shows
I love this your chart so much I had to reattach it. How does one know what's happening in the market?
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #244,691
  • Aug 10, 2010 4:24pm Aug 10, 2010 4:24pm
Man I thought it was an abstract art piece..... lol..

Quoting Precap2
I love this your chart so much I had to reattach it. How does one know what's happening in the market?
  • #244,692
  • Aug 10, 2010 4:25pm Aug 10, 2010 4:25pm

I'm truly surprised why some UK data are being released at midnight!!!! last night housing data & at 23 GMT tonight, we have GBP Nationwide Consumer Confidence (JUL)!!!

  • #244,693
  • Aug 10, 2010 4:29pm Aug 10, 2010 4:29pm
Quoting dobbie11
Man I thought it was an abstract art piece..... lol..
Verily, in every difficulties there is relief
  • #244,694
  • Aug 10, 2010 4:38pm Aug 10, 2010 4:38pm
This was just ment to make someone laugh a bit. Just having funhttp://cdn.forexfactory.com/attachme...1&d=1281475294
  • #244,695
  • Aug 10, 2010 4:41pm Aug 10, 2010 4:41pm
Quoting USD-Bear
Wish you luck with your very clear and defined trade rules in a market which is not that clear and defined. It must be your years....
Yeah, all my 3 years.

Rules go like this....

Rule #1, when price goes up, be on the buying side.
Rule #2, when price drops, be on the selling side.

The rest is just support and resistance and having a fair market idea.

Pretty clear and defined by any standards. Simplified, blue = buy, red = sell. Support and resistance found on all time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: bs.jpg Size: 60 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #244,696
  • Aug 10, 2010 4:48pm Aug 10, 2010 4:48pm
Quoting Magix
Yeah, all my 3 years.

Rules go like this....

Rule #1, when price goes up, be on the buying side.
Rule #2, when price drops, be on the selling side.

The rest is just support and resistance and having a fair market idea.

Pretty clear and defined by any standards. Simplified, blue = buy, red = sell. Support and resistance found on all time frames.
so you never catch the falling knife means you never go buy when market creates low without any confirmation?because as you are saying so i think after 40-50 pips you go long or short m i right?

Ub
  • #244,697
  • Aug 10, 2010 5:07pm Aug 10, 2010 5:07pm
Quoting ubaidahsan
so you never catch the falling knife means you never go buy when market creates low without any confirmation?because as you are saying so i think after 40-50 pips you go long or short m i right?

Ub
i think he over simplified it for the sake of space. he did mention support and resistance, so u dont just buy in dip or sell in rally, buy in dips where support is, sell in rally where resistance is. and sure, sometime support and resistance fail but that's where u have ur SL minimizing ur losses. and 40 pips or 1000 pips, u go in when the market lets u go in, there isnt a definite number. i guess i dont really understand ur question.
  • #244,698
  • Aug 10, 2010 5:20pm Aug 10, 2010 5:20pm
hi alll

miss the room sorry been busy with family all fine now hope u are all doing well and in green

magix digger cloggie wb and all of u thanks for the support
  • #244,699
  • Aug 10, 2010 5:21pm Aug 10, 2010 5:21pm
Does anyone who uses forex.com know how to open USD index, commodities and other stuff on their esignal charts?
  • #244,700
  • Aug 10, 2010 5:31pm Aug 10, 2010 5:31pm
Quoting gotpips92
Does anyone who uses forex.com know how to open USD index, commodities and other stuff on their esignal charts?

right click on market watch click on show all u will see all of them
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