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Cable Update (GBPUSD)

  • #245,041
  • Aug 11, 2010 5:28pm Aug 11, 2010 5:28pm
Quoting digger1
On tht note why the loud attention seeking big bold print , cloggie has offered lots of people help on trading pa , one where you have pips at the end of the day and some money in the bank ,day in and day out , not sitting on much of a draw at any point , a rather simple method very different from lobbing a posistion on , then throwing another one farther away and hope they even out . At any rate makes more sense to go the way the money is going. Is your way the only way . You got loud and pissy because you got called out . Stick to your post where...
Not sure what Bold print you are talking about.
  • #245,042
  • Edited 5:41pm Aug 11, 2010 5:29pm | Edited 5:41pm
Quoting bablo
Perhaps you should consider taking an English comprehension class. Maybe it could help you.
As a final comment to all other readers (because I think this will sail over your head anyway) generally speaking the loudest person in the room is most often the weakest person in the room.
This forum is populated by many who are learning methods that
protect profits and limit risk. Your approach is illogical and has
little or no place on this forum. You may have found one other
gambler who justifies this but Cloggie has the respect of a larger
audience of interested students and like minded traders.

Go find another forum and thread. And when you do, PM me
and I might visit. I often do the careless and illogical throwing
money into the wind. LOL

Dr. D.
  • #245,043
  • Aug 11, 2010 5:31pm Aug 11, 2010 5:31pm
Quoting fourxtrader
This forum is populated by many who are learning methods that protect profits and limit risk. Your approach is illogical and has little place on this forum. You may have found one other gambler who justifies this but Cloggie has the respect of a larger audience of interested students and like minded traders.

Go find another forum and thread. When you find one, PM me and I might visit. I often do the careless and illogical. Ask digger.

Dr. D.
Ha , doc you will be fine lol,
  • #245,044
  • Aug 11, 2010 5:40pm Aug 11, 2010 5:40pm
Quoting fourxtrader
This forum is populated by many who are learning methods that protect profits and limit risk. Your approach is illogical and has little place on this forum. You may have found one other gambler who justifies this but Cloggie has the respect of a larger audience of interested students and like minded traders.

Go find another forum and thread. When you find one, PM me and I might visit. I often do the careless and illogical. Ask digger.

Dr. D.
Another bodyguard for good old Cloggie. Well done. Keep it up.

Once again - Democracy does not always work. Just ask the sheep sitting in the room with two wolves deciding what to have for dinner.
  • #245,045
  • Aug 11, 2010 5:55pm Aug 11, 2010 5:55pm
Dear Bablo,

Trading is one of the most personnal experience you'll do.
So don't loose your time trying to convince people about something to convince yourself it's working...

Experience is something that can be bought!

Most people here have red all the same pdf/books saying you don't average down, hedge and etc.
And they sure do alot of (demo) money. So what do you really expect from them!?

I been using a system like you talk witch was using 10k for 1lot on 10000 pips distance.
But all this need a lot of patience and is very stressfull system if you don't have the experience to manage it (hedging).

My simple opinion: do your things by your own, forums are for free time.
Take care and later!




Quoting bablo
Not sure what Bold print you are talking about.
"Flip that coin!"
  • #245,046
  • Aug 11, 2010 6:58pm Aug 11, 2010 6:58pm
hi all

hope u are doing well and in green, will be with u soon mum recovering, miss u all , west its fiber and cable

have to say this

If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, greed and love of power.
  • #245,047
  • Aug 11, 2010 7:12pm Aug 11, 2010 7:12pm
Even the 1m contributed 50 pips off of its own
MAC pattern in the 200 pip move off of the 5m
MA compression pattern. Where next? Close up
the 5m back into a MAC formation for more energy
preparing for another large move or drop a bit more
from the 1m alone.

Dr. D.
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  • #245,048
  • Aug 11, 2010 7:15pm Aug 11, 2010 7:15pm
No bulls in sight, just crows.

This pullback from the massive 1700++ rally might be heading deeper than I initially thought it would with the completion of the 3 crows formation on the D1.
I do expect lower targets to be printed in the coming days & a retest of the monthly pvp @5420 is also a very likely imo.
Immediate trend is bearish & longs will be treated as retraces & counter trade.
Wouldn't be surprised if retest of previous res level @5720 happens to stop out late shorts & sucker in some buyers before price heads lower again.
Let's see how this goes.

Good luck everyone.
Attached Image (click to enlarge)
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Thank You
  • #245,049
  • Aug 11, 2010 7:17pm Aug 11, 2010 7:17pm
ok we have an up bar on 30 min here comes 1.7000 ...lol



of course this is a joke
Blogging daily now at www.volume.zone
  • #245,050
  • Aug 11, 2010 7:23pm Aug 11, 2010 7:23pm
Quoting wormboy
No bulls in sight, just crows.

This pullback from the massive 1700++ rally might be heading deeper than I initially thought it would with the completion of the 3 crows formation on the D1.
I do expect lower targets to be printed in the coming days & a retest of the monthly pvp @5420 is also a very likely imo.
Immediate trend is bearish & longs will be treated as retraces & counter trade.
Wouldn't be surprised if retest of previous res level @5720 happens to stop out late shorts & sucker in some buyers before price heads lower again.
Let's see...
Key number to watch:
1.6000
1.5962
1.5908
1.5828
1.5769
1.5726
1.5550
1.5445
1.5285
1.5155
  • #245,051
  • Aug 11, 2010 7:27pm Aug 11, 2010 7:27pm
What a clean chart!
Do you have a home cleaner?

Joking!

My major view is preatty much the same.
Let's see how this develop.

Good trade you 2.
Later!

Matt

Quoting wormboy
No bulls in sight, just crows.

This pullback from the massive 1700++ rally might be heading deeper than I initially thought it would with the completion of the 3 crows formation on the D1.
I do expect lower targets to be printed in the coming days & a retest of the monthly pvp @5420 is also a very likely imo.
Immediate trend is bearish & longs will be treated as retraces & counter trade.
Wouldn't be surprised if retest of previous res level @5720 happens to stop out late shorts & sucker in some buyers before price heads lower again.
Let's see...
"Flip that coin!"
  • #245,052
  • Aug 11, 2010 7:34pm Aug 11, 2010 7:34pm
Quoting bablo
Key number to watch:
1.6000
1.5962
1.5908
1.5828
1.5769
1.5726
1.5550
1.5445
1.5285
1.5155
you missed out 5380

but aye on the 5550 for the ltl on the D1. Marked, tho judging by the bearish formation it does seem like that would be swept away.
Thank You
  • #245,053
  • Aug 11, 2010 7:43pm Aug 11, 2010 7:43pm
Quoting Scipionz
What a clean chart!
Do you have a home cleaner?

Joking!

My major view is preatty much the same.
Let's see how this develop.

Good trade you 2.
Later!

Matt
hehe.

okay matt, have a good one
Thank You
  • #245,054
  • Aug 11, 2010 7:48pm Aug 11, 2010 7:48pm
Quoting mfoste1
ehh same old sh*t.......I just put them on the FF all-star list .....i think ive got almost 400 in there now. Sometimes when I view a page, no posts show up lol
lol mine's almost the same. 400 is a bit extreme tho

hey bro, the grand cross. who would've thunk
Maybe we should try throwing darts now like that muppet pip daddy suggested
Thank You
  • #245,055
  • Aug 11, 2010 7:51pm Aug 11, 2010 7:51pm
Quoting wormboy
you missed out 5380

but aye on the 5550 for the ltl on the D1. Marked, tho judging by the bearish formation it does seem like that would be swept away.
You are correct. Missed it.

If we bounce off 1.5720 with conviction the agreed that 1.5550 is a gonner.
  • #245,056
  • Edited 8:11pm Aug 11, 2010 7:57pm | Edited 8:11pm
Quoting wormboy
you missed out 5380

but aye on the 5550 for the ltl on the D1. Marked, tho judging by the bearish formation it does seem like that would be swept away.
I'm not getting ahead of the market yet. I want to see what todays daily bar will close as.

If it's another black daily candle than the formation is invalidated. There is no four black crows formation, right?

On one hand, the channel has been broken. When price jumped out of the channel, it was invalidated.

On the other hand, price did respect the utl after it broke out.

Personally, I can see price bouncing from the ltl or blowing right thru it and heading down for the next leg in the monthly wedge.
  • #245,057
  • Aug 11, 2010 8:04pm Aug 11, 2010 8:04pm
Quoting bablo
You are correct. Missed it.

If we bounce off 1.5720 with conviction the agreed that 1.5550 is a gonner.
yup
Thank You
  • #245,058
  • Aug 11, 2010 8:14pm Aug 11, 2010 8:14pm
Quoting Pickensrulz
I'm not getting ahead of the market yet. I want to see what todays daily bar will close as.

If it's another black daily candle than the formation is invalidated. There is no four black crows formation, right?
The formation is only invalidated when the first day's hi is taken out or there's an equally strong bullish reversal pattern that forms on the 4th day. Another black D1 close will only justify the formation even further, not invalidated. The 3 crows is a highly reliable reversal pattern. This formation however is on the D1, so it can take a few days to play out fully, not necessarily today.

No, there's no four black crows formation. Apart from the 3 black crows, there's the bearish 2 crows, which I mentioned almost 2 days ago in this post. That formation had completed & the 3 crows is the followup.

Quoting wormboy
I don't think it's fakey no.
Once price closed below the w1 pvp @880 the move down was valid.
Plus the D1 closed bearish 2 crows.

The break of the W1 pvp @880, the small bounce of the W1 supp @776 & the small bounce of the ltl @772.
577x level is key area for the day imo, bounce here then the W1 pvp retest is likely to happen, failure to hold however will send cable to 5600.
Thank You
  • #245,059
  • Aug 11, 2010 8:19pm Aug 11, 2010 8:19pm
A nice little pop off of the 1m compression.
All it takes is a gathering of EMAs into a tight
bunch on any tf and suddenly they will release
with some vigor and commitment.

Dr. D.
Attached Image
  • #245,060
  • Aug 11, 2010 8:21pm Aug 11, 2010 8:21pm
Quoting wormboy
The formation is only invalidated when the first day's hi is taken out or there's an equally strong bullish reversal pattern forms on the 4th day. Another black D1 close will only justify the formation even further, not invalidated. The 3 crows is a highly reliable reversal pattern.
Ok, thanks. I wasn't entirely sure if a fourth day might mean something else.

I agree about it's reliability. There was a textbook 3 crow formation on the euro weekly at the former swing high at 1.51. We all saw how that paid off brilliantly.
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