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Cable Update (GBPUSD)

  • #245,741
  • Aug 15, 2010 3:11am Aug 15, 2010 3:11am
damn seems like the mud slinging competition is not going to happen anybody feel like poking fun at me haha i am so bored
  • #245,742
  • Aug 15, 2010 3:13am Aug 15, 2010 3:13am
Quoting digger1
Truthfully I dont care which way it moves as long as it moves , the buy or sell tab works the exact same way lol
well if you trade voodoo my understanding is you guys trade off 1min right, so you dont give to much attention to the long term blabber
  • #245,743
  • Aug 15, 2010 3:17am Aug 15, 2010 3:17am
Quoting CoffeeDrinke
well if you trade voodoo my understanding is you guys trade off 1min right, so you dont give to much attention to the long term blabber
Take a few longer term trades but most are day trades , sure doesent have to be a one minute, but one minute or not still a good idea to have a somewhat longer view in mind and certain longer term levels.
  • #245,744
  • Aug 15, 2010 3:19am Aug 15, 2010 3:19am
Hey while i am on fire haha, i have always thought tht e/j and g/j is good, but i have become more focused on longer term moves and have noticed tht they move really bad actially, i have identified e/u ,g/u and a/u moves really nice, are there any others tht moves in such a trendy way as those 3 with a reasonable spread still or are those my best bets, not tht i am saying trading 3 currencies isnt enough, but you know greed haha, i just want to know actially?
  • #245,745
  • Aug 15, 2010 3:26am Aug 15, 2010 3:26am
Quoting CoffeeDrinke
Hey while i am on fire haha, i have always thought tht e/j and g/j is good, but i have become more focused on longer term moves and have noticed tht they move really bad actially, i have identified e/u ,g/u and a/u moves really nice, are there any others tht moves in such a trendy way as those 3 with a reasonable spread still or are those my best bets, not tht i am saying trading 3 currencies isnt enough, but you know greed haha, i just want to know actially?
Dont trade any other pairs other than some day trades on the gbpjpy , well dont trade other pairs much , if the gbp seems at a lull may look around a bit at some of the yen crosses but thats about it so cant help you much there
  • #245,746
  • Aug 15, 2010 3:26am Aug 15, 2010 3:26am
Quoting CoffeeDrinke
well if you trade voodoo my understanding is you guys trade off 1min right, so you dont give to much attention to the long term blabber
Can't daytrade anymore as I can't get a MT4 price feed at work anymore, hence I have changed my tagline to reflect that I am now solely a swing/position trader. I can only work of h4 and higher TFs now.

EDIT: That was directed at digger, but I was voodoo too before they took away my DSL line @work

I am really off now. I have some other swinging to do... with a golf club that is, you dirty minded people!
  • #245,747
  • Aug 15, 2010 3:35am Aug 15, 2010 3:35am
Quoting digger1
Dont trade any other pairs other than some day trades on the gbpjpy , well dont trade other pairs much , if the gbp seems at a lull may look around a bit at some of the yen crosses but thats about it so cant help you much there
Nah i dont even look at e/j and g/j anymore
i tried swing trading for a time but man wow its really way to long term for me, i do base my intra expectations on logner term charts, i just dont trust those two anymore since tht experiance haha, maby its for the best i anyway cant stomach the spik proneness of those two
  • #245,748
  • Aug 15, 2010 3:44am Aug 15, 2010 3:44am
Quoting digger1
hmmm , a top of 1.6240 compared to where the mkt closed the week may be just a little more than a pip or 2 especially since it didnt even reach the called for consolidation area lol
fact is that last week cable never managed to breach August 2 to 6 week high, which in turn meant a strong bearish sign for last week

in fx, unless trend breaks previous week high or previous month high or previous day high how do you define a strong uptrend ?

targets above these highs automatically get negated when they do not break the resistances (Highs)

so whats all the mud slinging about ??

its simple common sense, let the tops break first, then comment on whether targets were met or missed.
  • #245,749
  • Aug 15, 2010 3:46am Aug 15, 2010 3:46am
Quoting bbakker
Can't daytrade anymore as I can't get a MT4 price feed at work anymore, hence I have changed my tagline to reflect that I am now solely a swing/position trader. I can only work of h4 and higher TFs now.

EDIT: That was directed at digger, but I was voodoo too before they took away my DSL line @work

I am really off now. I have some other swinging to do... with a golf club that is, you dirty minded people!
try the mobile version of mt4
  • #245,750
  • Aug 15, 2010 3:52am Aug 15, 2010 3:52am
Quoting CoffeeDrinke
i must agree 1,75 is abit far out, i am not even sure if 1,6 wil be reachd, i know trend is up but on longer term move you know this is a darn big a correction so i doubt it going to 1,75 any time soon
my logic is based on 2 things

 

  1. UK economy stabilized faster than we were expecting it to, if you call this as getting stabilized.
  2. US has pumped in more than 15 trillion into the markets, surely this will have an affect on the purchasing power of the dollar in the long run.

Technicals come later to me, just gambling on fundies for now

other than that, I just swing trade 4 hour, its easier than running behind targets. I turn wherever the swing turns.

  • #245,751
  • Aug 15, 2010 3:54am Aug 15, 2010 3:54am
Quoting forexlion
North

this drop was a false flag
Okay , where was the common sense here then , must have showed up after this point I see , got it .
  • #245,752
  • Aug 15, 2010 3:55am Aug 15, 2010 3:55am
Quoting bbakker
What comes around goes around. In my eyes he's just an idiot and I am sure some people think the same of me
forget about vouches, they are useless on this site, people here just vouch for the heck of it, i don't give it a damn.
  • #245,753
  • Aug 15, 2010 3:56am Aug 15, 2010 3:56am
Quoting digger1
Okay , where was the common sense here then , must have showed up after this point I see , got it .
i just pity you
  • #245,754
  • Aug 15, 2010 3:57am Aug 15, 2010 3:57am
Quoting forexlion
i just pity you
likewise
  • #245,755
  • Aug 15, 2010 3:59am Aug 15, 2010 3:59am
Quoting forexlion
my logic is based on 2 things

 

  1. UK economy stabilized faster than we were expecting it to, if you call this as getting stabilized.
  2. US has pumped in more than 15 trillion into the markets, surely this will have an affect on the purchasing power of the dollar in the long run.

Technicals come later to me, just gambling on fundies for now

other than that, I just swing trade 4 hour, its easier than running behind targets. I turn wherever the swing turns.

i dont want to ne negative towards your trade as i have seen this morning its shit, but damn i still think thts abit of a long shot hey thts like 1900pips away you are aware of tht
, you could atleast have made a much more modest target.
  • #245,756
  • Aug 15, 2010 4:06am Aug 15, 2010 4:06am
Hey honord do you understand my reasoning now???
  • #245,757
  • Aug 15, 2010 4:08am Aug 15, 2010 4:08am
Quoting CoffeeDrinke
i dont want to ne negative towards your trade as i have seen this morning its shit, but damn i still think thts abit of a long shot hey thts like 1900pips away you are aware of tht
, you could atleast have made a much more modest target.
bro, ride the 4 hour swings, forget targets.

i said 1.75 just to play around with nutcases on this board, we both know better
  • #245,758
  • Aug 15, 2010 4:08am Aug 15, 2010 4:08am
Quoting CoffeeDrinke
I really think i am on this one not cofused, it been up for the past 2 and a half months somthing to tht extend, so tht is atleast a med lenght trend you know, but ok do this exercize, open 4h chart and zoom out 2 times, and tell me how g/u have been moving, if you still say down then you see every retracment as a trend change???
So after dropping 450 pips in a week H4 is clearly up for you lol. ok buddy !!!
I trade what i see, may be not like you . Following H4 you will be 80% right i will buy when it turns blue.
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  • #245,759
  • Aug 15, 2010 4:14am Aug 15, 2010 4:14am
Quoting Honored
So after dropping 450 pips in a week H4 is clearly up for you lol. ok buddy !!!
I trade what i see, may be not like you . Following H4 you will be 80% right i will buy when it turns blue.
is that a divergence that i see in your chart ?

kindly explain the macd in your chart please
  • #245,760
  • Aug 15, 2010 4:14am Aug 15, 2010 4:14am
Quoting Honored
So after dropping 450 pips in a week H4 is clearly up for you lol. ok buddy !!!
I trade what i see, may be not like you . Following H4 you will be 80% right i will buy when it turns blue.

and you still rather arrogant hey, let me tell you buddy, longer term move was up, big move down in a week, thts calling for a retracment up, i neva said it was going to skyrocket, liftoff to the moon but i said tht there could be a nice long trade of 15min then set up for longer term move down if it happens, as i said it might, go down point b correction.
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