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Cable Update (GBPUSD)

  • #246,541
  • Aug 18, 2010 6:11am Aug 18, 2010 6:11am
Got itchy fingers and closed for 20 PIPS. Out for the day.
45 PIPS.

Quoting TheSwede
Sl set att BE
TP at DP 1.560045
  • #246,542
  • Aug 18, 2010 6:11am Aug 18, 2010 6:11am
[quote=wormboy;3956840]nothing new pawpaw. it's been doing the same thing since monday. except today printed lower.

Quoting digger1
how's it going dig
just a pipsy or peachy kinda day lol, hope all is well for you
  • #246,543
  • Aug 18, 2010 6:12am Aug 18, 2010 6:12am
it was a hi-probability shortt with the 5min regular bearish divergence set-up refeferrd to earlier, also mni were talking of 'interim offers 5670/80' if that 5650 went...price at thne top was also at 115% of it's 20day average pip range which made the short even higher in probability.

Longer term-who knows, but it's probably not bad advice from AMS in an earlier post...that said bulls will be encouraged by the run up from the 200sma on the daily t/f at today's current Lo of 5497.

Price is approaching 23.6% fib of said move up as I write this.

G/L
ex member
  • #246,544
  • Aug 18, 2010 6:17am Aug 18, 2010 6:17am
Quoting cloggie
Yeah we move up a few pips and they are calling for 1.6 again. That last H4 (London times) was not engulfing and came to an abrupt halt at the uTL, next one is key for further move up, not looking good so far. Bit of a messy day, that said we are still bearish on the hourly unless 5700-ish goes. Shorting this once at least the 15 confirms it is the higher probability trade now.
yes. i thought the 1.63 brigade had gone a bit quiet & pop comes this fella calling for 1.6 and going long for the next 2 weeks. Not saying that it can't happen, but a chart to support that call would be nice. Then again, this is the cable thread. what was i thinking?

I have W1 pvp @5718. I'm reluctant to buy unless price clears that level.
Thank You
  • #246,545
  • Aug 18, 2010 6:22am Aug 18, 2010 6:22am
Quoting digger1

just a pipsy or peachy kinda day lol, hope all is well for you
i hear you
well could be better tbh. I'm only able to trade the htf at the moment, so been missing out trading this nice little range we have. I'm only able to position short & leave.
Thank You
  • #246,546
  • Aug 18, 2010 6:25am Aug 18, 2010 6:25am
Quoting wormboy
yes. i thought the 1.63 brigade had gone a bit quiet & pop comes this fella calling for 1.6 and going long for the next 2 weeks. Not saying that it can't happen, but a chart to support that call would be nice. Then again, this is the cable thread. what was i thinking?

I have W1 pvp @5718. I'm reluctant to buy unless price clears that level.

I am looking at 5710, we are in a lovely area that will bring both sides out en masse, the easy money is to sit on ones hands right now until we have a direction confirmed, shorting this is just smelly finger work right now, buying this is just assuming the daily tl holds and the WP goes. I missed the run this morning but don't really care, just waiting for the next train to depart.

Quote
Then again, this is the cable thread. what was i thinking?
Yup, she doesn't dissappoint, still the best entertainment value on the Factory, Jacko's thread is fun too but for different reasons, I mean who in the world would send 100k to a guy in HK, and end up surprised he has buggered of with the dosh. At the last tally there were 40 of 'm.
  • #246,547
  • Aug 18, 2010 6:25am Aug 18, 2010 6:25am
Morning all .. just woke up to find she had hopped the northward express .. did you notice on H1 she hit the 200ema twice & now retreating? At this point I wouldn't touch any tf higher than 5 min for a scalp. .50 retracement of this move looks to be around 5582 so I will watch that area to see if/how she treats it.

So far no boxes forming on the 5 min so I will wait in the weeds & watch....
******************* I'd rather make money than be right.
  • #246,548
  • Aug 18, 2010 6:32am Aug 18, 2010 6:32am
Quoting Precap2
Good. But I must add-a-vice. . . Don't trade what you see here without first re-analyzing it for yourself. It might be death knell from a comedian

Precap2
Absolutely right ! Free Mentors and Microlot traders have driven away most of good-posters - some good still left but on the whole, be careful what you follow.
  • #246,549
  • Aug 18, 2010 6:33am Aug 18, 2010 6:33am
There are 40 people who have given their money to Jacko? Seriously?
  • #246,550
  • Aug 18, 2010 6:36am Aug 18, 2010 6:36am
Quoting 4xStar
Morning all .. just woke up to find she had hopped the northward express .. did you notice on H1 she hit the 200ema twice & now retreating? At this point I wouldn't touch any tf higher than 5 min for a scalp. .50 retracement of this move looks to be around 5582 so I will watch that area to see if/how she treats it.

So far no boxes forming on the 5 min so I will wait in the weeds & watch....
will see what happens n the next 30 - 45 min but so far it looks like we headed south by looking at the lh and ll on m5 and the way h1 was stopped by 150ma and is now under it... Trend must still bedown looking at my MA's and TL's...

My sell got triggered and am up 8 pips, will move to BE asap...

BTW, only entered about half of my normal size so just risking .5% on this...
@pawpaw1000 on Twitter
  • #246,551
  • Aug 18, 2010 6:36am Aug 18, 2010 6:36am
Quoting Delite
There are 40 people who have given their money to Jacko? Seriously?

Yup, 100,000 each and guess what, he's done a runner, nobody has heard from him in 3 weeks, his phones are disconnected. Nobody really tried to do any due dilligence and now they are trying to figure out who he is, his office is a maildrop, his HK company is owned by a Singapore one, that is in turn owned by another foreign entity, none of the 40 has ever met or spoken to him and they were happy to send him their live savings. The last comms from him was that a member of staff made a mistake on the wire transfers for the redemptions and that he would sort it, that was 3 weeks ago.

Ah well, great example for the noobs, don't ever pay for anything, don't ever send anyone any dosh, ever.
  • #246,552
  • Aug 18, 2010 6:42am Aug 18, 2010 6:42am
Quoting 4xStar
Morning all .. just woke up to find she had hopped the northward express .. did you notice on H1 she hit the 200ema twice & now retreating? At this point I wouldn't touch any tf higher than 5 min for a scalp. .50 retracement of this move looks to be around 5582 so I will watch that area to see if/how she treats it.

So far no boxes forming on the 5 min so I will wait in the weeds & watch....
hey babes

welcome online
  • #246,553
  • Aug 18, 2010 6:44am Aug 18, 2010 6:44am
Quoting cloggie
Yup, 100,000 each and guess what, he's done a runner, nobody has heard from him in 3 weeks, his phones are disconnected. Nobody really tried to do any due dilligence and now they are trying to figure out who he is, his office is a maildrop, his HK company is owned by a Singapore one, that is in turn owned by another foreign entity, none of the 40 has ever met or spoken to him and they were happy to send him their live savings. The last comms from him was that a member of staff made a mistake on the wire transfers for the redemptions and that he...
I learnt that from you cloggs! I really can't believe people would do that! What was he promising and what exactly were his "clients" smoking sending 100k to someone they don't kno???
@pawpaw1000 on Twitter
  • #246,554
  • Aug 18, 2010 6:47am Aug 18, 2010 6:47am
Quoting cloggie
Yup, 100,000 each and guess what, he's done a runner, nobody has heard from him in 3 weeks....
Unbelievable!!
******************* I'd rather make money than be right.
  • #246,555
  • Aug 18, 2010 6:49am Aug 18, 2010 6:49am
Quoting pawpaw1000
will see what happens n the next 30 - 45 min but so far it looks like we headed south by looking at the lh and ll on m5 and the way h1 was stopped by 150ma and is now under it... Trend must still bedown looking at my MA's and TL's...

My sell got triggered and am up 8 pips, will move to BE asap...

BTW, only entered about half of my normal size so just risking .5% on this...
Not sure .. I saw a bull flag forming on 5 min and it started to breakout, but now is forming a consolidation .. I can draw my first box of the day .. we'll see which way she breaks...
******************* I'd rather make money than be right.
  • #246,556
  • Aug 18, 2010 6:50am Aug 18, 2010 6:50am
Quoting cloggie
Yup, 100,000 each and guess what, he's done a runner, nobody has heard from him in 3 weeks, his phones are disconnected. Nobody really tried to do any due dilligence and now they are trying to figure out who he is, his office is a maildrop, his HK company is owned by a Singapore one, that is in turn owned by another foreign entity, none of the 40 has ever met or spoken to him and they were happy to send him their live savings. The last comms from him was that a member of staff made a mistake on the wire transfers for the redemptions and that he...

Jeez - that's one hell of an expensive lesson to learn. Was the whole thread a scam? So many, more experienced, posters recommended it (as well as James16, Feb2865 etc).
  • #246,557
  • Aug 18, 2010 6:50am Aug 18, 2010 6:50am
Quoting cloggie
Yup, 100,000 each and guess what, he's done a runner, nobody has heard from him in 3 weeks, his phones are disconnected. Nobody really tried to do any due dilligence and now they are trying to figure out who he is, his office is a maildrop, his HK company is owned by a Singapore one, that is in turn owned by another foreign entity, none of the 40 has ever met or spoken to him and they were happy to send him their live savings. The last comms from him was that a member of staff made a mistake on the wire transfers for the redemptions and that he...

huh?? am i reading what i written properly..jacko run away with peoples money?? ..
  • #246,558
  • Aug 18, 2010 6:50am Aug 18, 2010 6:50am
Quoting pawpaw1000
I learnt that from you cloggs! I really can't believe people would do that! What was he promising and what exactly were his "clients" smoking sending 100k to someone they don't kno???

Not only that, he offered them a guaranteed return of 30% a year and if the fund dropped below the 30% he would make it up out of his own pocket. This guy had so many red flags around him it looked like parade day on Red Square, and still people kept sending him money for at least a couple of years, they are running a little tally over on the thread and it is over 4 Million, nice little earner for a failed trader.

A good example of how people that sell you a trade signal / fund on the web can't really trade themselves, why else would they do that. Lots more profitable to trade your own money.
  • #246,559
  • Aug 18, 2010 6:51am Aug 18, 2010 6:51am
Quoting cloggie
Yup, 100,000 each and guess what, he's done a runner, nobody has heard from him in 3 weeks, his phones are disconnected. Nobody really tried to do any due dilligence and now they are trying to figure out who he is, his office is a maildrop, his HK company is owned by a Singapore one, that is in turn owned by another foreign entity, none of the 40 has ever met or spoken to him and they were happy to send him their live savings. The last comms from him was that a member of staff made a mistake on the wire transfers for the redemptions and that he...
Some people just seem to have more money than they know what to do with.

If any of those is reading this, I am a willing recipient.
  • #246,560
  • Aug 18, 2010 6:51am Aug 18, 2010 6:51am
Quoting nAVIN2007
huh?? am i reading what i written properly..jacko run away with peoples money?? ..

I shouldn't really laugh, but yeah he did.
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