Cable Update (GBPUSD)

Been a fun week. Hope this Lady won't be that stubborn next one.
Wish you all good week-end guys!

Relax and get away from the screen! LOL (talking to myself)
Later!

I just posted some GBP related charts in my new thread:
http://www.forexfactory.com/showthre...07#post3965507

booked 1 pip profit, closed greeeeeeeeen

From the inspirational classic:


As A Man Thinketh
by James Allen

This little volume (the result of meditation and experience)

is not intended as an exhaustive treatise on the much-
written upon subject of the power of thought. It is suggestive
rather than explanatory, its object being to stimulate men
and women to the discovery and perception of the truth
that - "They themselves are makers of themselves"

by virtue of the thoughts which they choose and encourage;
that mind is the master weaver, both of the inner garment
of character and the outer garment of circumstance, and
that, as they may have hitherto woven in ignorance and pain
they may now weave in enlightenment and happiness.

____James Allen

Here are a few selections from this work:

The aphorism, "As a man thinketh in his heart so is he,"
not only embraces the whole of a man's being, but is so
comprehensive as to reach out to every condition and
circumstance of his life. A man is literally what he thinks,
his character being the complete sum of all his thoughts.

.....

Man is a growth by law, and not a creation by artifice,
and cause and effect is as absolute and undeviating in
the hidden realm of thought as in the world of visible and
material things. A noble and Godlike character is not a thing
of favor or chance, but is the natural result of continued
effort in right thinking, the effect of long-cherished association
with Godlike thoughts. An ignoble and bestial character, by
the same process, is the result of the continued harboring
of groveling thoughts. Man is made or unmade by himself;
in the armory of thought he forges the weapons by which
he destroys himself. He also fashions the tools with which
he builds for himself heavenly mansions of joy and strength
and peace. By the right choice and true application of thought,
man ascends to the Divine Perfection; by the abuse and wrong
application of thought, he descends below the level of the beast.
Between these two extremes are all the grades of character,
and man is their maker and master.

I trust that this will be accepted by some here as uplifting
and in balance against that which is groveling and bestial.

Dr. D.

It most certainly is!

Also I would like to add, if I may, that continued effort in the placement and association of oneself in the right environment and removing one's presence from a "groveling and bestial" environment is every bit as important ...in fact requisite to right thinking.

Thanks very much for posting them, Doc.

Would your opinion be similar for this Weekly chart?

BR

[quote=trending;3964210]Hey, the 3 inside down at 15min worked again! Thanks Cloggie and Wormie.

how does it work? what is 3 inside down on 15mins. tx for ur answer in advance. always keen on learning

NOT ME, QUOTE FROM OTHER FORUM...

"Hi all. It has been probably over a year since I posted here, but I've dropped in lately to see if anybody else is going through the issues that I am.

I have been a member of Jacko's 2nd group for 20 months and an investor in his fund for nearly a year. I placed a sizeable amount of money with Jacko - $50K - not enough to break me, but definitely enough for me to feel if I lose it.

I have yet to receive any of my money back from the fund, and I did not ask for quarterly dividends, so I have no experience in withdrawing money from Jacko's fund.

I also have not received any reply to my 3 emails that I sent over the past week trying to resolve why my money hadn't arrived. This has caused considerable concern to me. Am I ready to run to the cops? Not really, as I can't honestly see them doing anything about some guy ripping people off over the internet. What are they going to do about it other than take a statement? Very little, methinks.

I would like to ask all of the I-told-you-so'ers to back off for a bit here, as you are likely unable to empathize with people who are in my position who stand to lose a chunk of money that they invested in good faith. Comments of 'fools and their money' do nothing constructive and only serve to feed your sense of superiority.

I do not consider myself foolish with my money, as at the time of investment, Jacko had not solicited me to join the fund. In fact, the first time I tried, he wouldn't accept my money as he said that he was only taking the bigger money through Mark's clients. Then about 2 or 3 months later, he was bragging about the performance of his fund in his private blog and being that I was still groggy as I had just gotten up really early for NFP, I sent him a somewhat terse email asking what was the point of mentioning anything about the fund to his smaller investors who couldn't participate in the fund anyway? I received an email the next week granting me permission to join the fund, so I took it.

Jacko had honored his end of the "turtle" agreement, trading live time with SMSes, answering all of my emails in a timely fashion, and basically not giving any reason to doubt him. In addition, his reputation on FF was like that of Christ. He could do no wrong. He had plenty of fan boyz. I even went so far as to email NewbieTrader101 and I received a reply back. Whether NewbieTrader is an alias for Jacko or not, I have no idea.

Basically, Jacko appeared to be the real thing. I had no reason to doubt him during the 9 months leading up to my investment in the fund. The $700 mentorship fee, I couldn't care less about, that's peanuts in the grand scheme of things. People talking about losing $40 here or there, please, spare us, that's not even a dinner out on the town.

There are a couple of things that make me scratch my head about the whole situation.

Firstly, if I were planning on taking people's money and running, why would I continue to update my blog? That makes no sense to me, as I don't believe he is taking on new students, as far as I know. Mark and him decided they were going to close down the fund immediately and Jacko was going to close down the blog over the next year but not take any new memberships, at least that's what it was as far as I can remember. So to continue to update the blog perplexes me. In addition, would I be willing to invest 4+ years building a reliable online profile and reputation, just so I could make a few hundred G's ripping people off? I cannot understand the logic in this.

Secondly, if it is in fact true that one of his ex-employees was diverting the funds from some of the smaller investors, why can't Jacko just square up with these smaller investors out of his own personal resources, and then chase down the stolen money on his own time? That should be no issue for him, as it should amount to nothing more than pocket change for this guy. In this way, Jacko would be able to solidify his reputation online as a stand-up guy. I for one, would be more than happy to come here and post that I had received my money and Jacko is a man of his word - but alas, after not having received my money or any reply to my 3 emails, I cannot do that.

It would appear to me, like many of the other readers on here, that those of us who invested our money in the fund have been taken for a ride. That is what I am psyching myself up for. If the money lands in the account that I provided him details of, I will do a dance of joy and thank the Lord. But at the moment, I am writing the money off and chalking it up to a very expensive lesson learned. I will however be reading this thread daily to see if there is any new information on the matter, and I will absolutely post here again if I receive my money.

Peace."

HOW IS IT POSSIBLE FOR PEOPLE TO BE SO STUPID!!!

HAHAH! I KNOW CLOGGS BROUGHT THIS UP A WHILE AGO BUT HELL! THIS IS RIDICULOUS!

One question, if I may, Pawpaw:

Why didn't you give him a limited power of attorney to trade your funds only under the protection of your own account instead of handing him your money outright?

Mate, its not me... Its the Jacko scam cloggs was on about a while back... This is one of the disgruntled clients

I would never in my life give someone my money over the internet. Although I was close once but that was only 1k and cloggs advised me otherwise...

I don't even feel bad for these guys. During my holidays I was asked to invest 15k in a business idea in SA. I asked for due diligence and a couple of other things and soon realised it was a scam. I'm 23 and already know that money shouldn't be thrown around. Reckon there are some on here who still havent learnt that!

good idea though btw! but I think he was running a fund so he wanted the money so he could trade everyones money together...

PawPaw. Why are you posting gossipy posts on a cable thread while rubbing salt into the wounds of poor guys like this. Everybody makes mistakes and for sure these guys are paying for it with worry etc. at the moment without having the i told you so brigade giving it socks at every opportunity. Have a bit of sympathy for these guys. None of us are or ever will be perfect and we will all make mistakes. Fair play to you for doing your due dilligence and avoiding a scam. Hopefully these guys won't be caught again and the whole community can take something from this

Hey guys...

Playing around a bit and thought I'd do some analysis for monday. Don't know if anyone noticed but I see we retraced to 61.8 fibo to the pip on H4... this might be the reason why even though we broke the range we still didn't drp like we thought it might?

BTW if someone has already posted this, sorry... Wasn't here for most of friday session...

This forum enviornment is a mixed bag of tricks and satisfies
that principles. Still we come in search for the rubies amongst
the rubble... learn and walk with those who come for a higher
purpose whilst avoiding stepping in something foul. LOL

Dr. D.

[quote=pawpaw1000;3965802]NOT ME, QUOTE FROM OTHER FORUM...

"Hi all. It has been probably over a year since I posted here, but I've dropped in lately to see if anybody else is going through the issues that I am.

I have been a member of Jacko's 2nd group for 20 months and an investor in his fund for nearly a year. I placed a sizeable amount of money with Jacko - $50K - not enough to break me, but definitely enough for me to feel if I lose it.

Sorry, but when I see the name Jacko, I also see Wacko, maybe because of Michael Jackson??? Anyway, I read an article recently and someone mentioned that the FBI has an Internet Scam section....sometimes...just a CALL from the FBI will scare the crap out of some people...I would say that $50 Gs is worth the effort for you to pursue this matter a little more dilligently..hope it ends well for you!

Next week

well next week cable will definitely go where it wants to go. i can bet on it.

Hi there puma1, I want to ask you question on P&F charts, indicator you have developed.

When I look at it on hourly chart it seems different to candle,bar or any chart for that matter...how the box (X , O ) is calculated? I mean what value it represents in terms of pips.


ta
ams

Hi pawpaw,

I hope you are doing well! Rugby season starts soon again, so you must be getting geared up for it again. Did the team get promoted at the end of last season and if so which French league are you playing in now. That I am sure will be a step up! Wish you great success for the new season!

Planxty posted the 61.8 fib price reaction on Friday, but as you said you missed most of Friday session, so you're excused

http://www.forexfactory.com/showthre...69#post3964769

There is nothing on the telly tonight so I thought I'd have a quick peek on here and saw your post on cable and give you my take on it.



I have marked of my demand/supply zones on h4 and tightened up on the ones nearest current price. We are in a consolidation area with downward pressure, but to be honest this could be a drop, base, drop or a drop, base, rally. With lower lows and just about lower highs, I am leaning on the drop, base, drop although we could still see 1.567 before we drop again. I will be adding to my existing short which is my last runner from my trade that I opened on Thursday last week. First runner made a small profit of 66 pips (3:1) and the second runner made a nice 145 pips.

I am certainly not looking to buy into cable at this moment and I will only go short again around the 1.566 level near my previous entry level and I will setup an order at 1.5655 with a SL at 1.5676 (21 pips) depending on how we get there.

It has to break through 1.56 first and I might enter around there depending on what price does between now and then on the lower timeframes (h1 - 1.5583-1.5594) although this is a speed bump. I am limited as to what I can do without a MT4 feed at work.

Let's see what happens and best wishes with your rugby and trading!

this trade turn out very good for me because i was also short at 1.5650 1.5660 and 1.5586. next week should be a very intresting week. good luck to all