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Cable Update (GBPUSD)

  • #248,301
  • Aug 24, 2010 10:28am Aug 24, 2010 10:28am
Quoting cloggie
For a UK tax resident with no structure in place it has distinct tax advantages I guess, that must be the only benefit.
Yup..only and big!
All systems of divination, like music itself,work through patterns.
  • #248,302
  • Aug 24, 2010 10:30am Aug 24, 2010 10:30am
Quoting kaspopsicle
Doesnt take a lot of brain to see that currency pairings interract... now really that is beginners stuff...as long as you can see
Well personally I don't believe it really matters if it's easy or hard.... As long as whatever 'system one uses works'.

So far as not a lot of brain is concerned..................... maybe not, but making money is not all about brain power!!!!!!!!!!!!!!!!!!!!
  • #248,303
  • Aug 24, 2010 10:35am Aug 24, 2010 10:35am
Quoting fourxtrader
FL belongs here more than I do. I have been one of his greatest
detractors because of his debased nature. Still I don't find this
element to be in the best spirit of FF.

Dr. D.
Ahhhh Doc....

It was you who appropriately nicked the cable thread as the Asylum. We are truly a bag of mixed nuts.

Why throw down to a who belongs more when the best part of this place is that it offers something for all.

You know my nature and my ability to be, oh, shall we say, not walking with much of a soft shoe....doesn't say much to my intent here. I make no apologies for who I am, but expect no kudos either.

Figuring out where you are in the scope of things can be to all of our own best benefit. Here to lead, here to follow. Here to learn, here to teach. Just stopping by for a little chaos and entertainment.

I have said since my early days here at FF and in the cable thread, this sandbox is big enough for all of our Tonka Trucks, and I will gladly refund the price of admission for those who see their best interests in finding their way to the egress.

Happy days doc.

All smiles.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,304
  • Aug 24, 2010 10:45am Aug 24, 2010 10:45am
Quoting AdrianHNV
Well personally I don't believe it really matters if it's easy or hard.... As long as whatever 'system one uses works'.

So far as not a lot of brain is concerned..................... maybe not, but making money is not all about brain power!!!!!!!!!!!!!!!!!!!!
I never mentioned easy or hard but i do think that sitting up, listening and watching is the best way to learn. Pointless in trying to communicate advice until one becomes aware of the environment one is in...G/L
All systems of divination, like music itself,work through patterns.
  • #248,305
  • Aug 24, 2010 10:45am Aug 24, 2010 10:45am
Quoting cloggie
Actually it is the CHF going up, no dollar weakness yet in the market to speak of. Look at uCAD
thanks cloggs

huge move on usd/chf, anyone take it?

Was out for most of the day, don't think I missed too much but will be looking forward to 2moro... Maybe look for weakness close to this level...
@pawpaw1000 on Twitter
  • #248,306
  • Aug 24, 2010 10:49am Aug 24, 2010 10:49am
Quoting bbakker
Hence my comment on his profile after the vouch he got from me.

Good to see you Doc! Trade well and see you soon!

FL is still around. Notice his current (ever changing)... signature...
now directed against Twee. Here's his most recent posts:

Aug 24, 2010 5:37am (3 hr ago)
forexlion
Commercial Member
Member Since Sep 2009
8,559 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif Twee
Twee keeps harassing me

i have no commercial interests of any type

yet he labelled me as a comercial member

just because i was vouching for everyone

does not mean he should do this to me

twee has no respect for even handicapped people
__________________
TWEE is harassing me to the fullest, he keeps changing my status. He does not respect handicapped people.

http://cdn.forexfactory.com/images/m..._point_alt.gif



#2
Aug 24, 2010 5:58am (2 hr 43 min ago)
forexlion
Commercial Member
Member Since Sep 2009
8,559 Posts


twee is bad, i wish he was a good person http://cdn.forexfactory.com/images/smilies/yim/sad.gif
__________________
TWEE is harassing me to the fullest, he keeps changing my status. He does not respect handicapped people.

http://cdn.forexfactory.com/images/m...ment_point.gif http://cdn.forexfactory.com/images/m..._point_alt.gif
  • #248,307
  • Aug 24, 2010 10:49am Aug 24, 2010 10:49am
Quoting USD-Bear
You seem to be very short-minded, You are not asking anything, you are just stating things not knowing anything, I'm in a perfect mood after collecting my Asia-trade and a little scalp today so no worry, I told in forum why my last unsuccessful trade was made and also where I went wrong. You choose not follow anything but just give me your bullshit where you can.
If I post trades I post them all the way good or bad and if I have the time with reason's attached. As I told you previously, if you like to discuss those reasons you are welcome, but...
Actually, I do follow more then you would realize....

I did watch you say that you closed a long for +7 a few days back and wondered to myself, why people like you bother posting a diatribe on a 300 pip slide only to take a 7 pip gain...and watched this morning how that 300 pip slide that you actually accurately forecasted, turned into a 200 pip slide that you shorted at bottom taking a 20 pip hit.

You ranted about your years of experience and how somebody as simple as me could never understand the complexity of your logic...you are 100% right on this forecast as well.

Besides showing up here for the odd open mouth chuckle, I stop in to see the whose and whats are going on. For a long time I have cautioned traders to learn their own styles and trade their own charts and have worked to assist those in need. When people like you show up, canticle in hand, perching with heads deep into the clouds, I like to try and understand why the soap box and why the preaching...

People like you are grandly amusing. Missing the forest through the trees...but everything is in all accordance to the Master Plan, which simple folk like me will never understand.

I think Clogs said it best...when you throw a comment into an open forum, be ready for somebody to reply. And if you cannot take them replies, instead of posting it here, write it down on a post it note, stick it to your monitor you won't have to worry.

Long story short...Time to throw on your big girl panties, if you wanna talk the talk, you best learn to walk the walk.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,308
  • Aug 24, 2010 10:52am Aug 24, 2010 10:52am
sorry to bother all the squaller here but any ideas on why fibre bolted 120 pips in 45 min?
@pawpaw1000 on Twitter
  • #248,309
  • Aug 24, 2010 10:53am Aug 24, 2010 10:53am
Thinking of becoming a commercial member. I need
the recognition.... might serves as a distraction from
how pathetic I am as a trader. Would setting up
a lemonade stand outside the asylum qualify??? LOL

Dr. D.
  • #248,310
  • Aug 24, 2010 10:54am Aug 24, 2010 10:54am
Quoting Magix
Actually, I do follow more then you would realize....

I did watch you say that you closed a long for +7 a few days back and wondered to myself, why people like you bother posting a diatribe on a 300 pip slide only to take a 7 pip gain...and watched this morning how that 300 pip slide that you actually accurately forecasted, turned into a 200 pip slide that you shorted at bottom taking a 20 pip hit.

You ranted about your years of experience and how somebody as simple as me could never understand the complexity of your logic...you are 100% right...
Now children go back to your seats or I will put you in the corner! The World is getting blown up your parents pensions are gone but not 1 peep, yet you are all busy BEATING each other up!
  • #248,311
  • Aug 24, 2010 11:01am Aug 24, 2010 11:01am
Quoting pawpaw1000
sorry to bother all the squaller here but any ideas on why fibre bolted 120 pips in 45 min?
Pawpaw I think that you will find it was the US data which came out at 15.00pm well below expections US Existing Home Sales expected 4.68m actual 3.83m
  • #248,312
  • Aug 24, 2010 11:02am Aug 24, 2010 11:02am
Quoting pawpaw1000
sorry to bother all the squaller here but any ideas on why fibre bolted 120 pips in 45 min?
Something to do with US data release at 3.00 BS (british summertime) ?
All systems of divination, like music itself,work through patterns.
  • #248,313
  • Aug 24, 2010 11:03am Aug 24, 2010 11:03am
Quoting pawpaw1000
sorry to bother all the squaller here but any ideas on why fibre bolted 120 pips in 45 min?
It was oversold. US home sales were fully expected to be bad - it was priced in. Although risk is still off the table, there's been market acknowledgement that the move down for now has been overdone - given the UJ component, it's moved (straight down!) 160 pips in today's 3 main session - that's rare. There'd been big boy buying on the way down, and more at the bottoming of the yen crosses. UJ is also retracing, and, given fx correlations to equity markets, FTSE closed off it's lows, and the DOW bounced off of 10,000 - all these factors lined up to give the bounce. So in short, at minimum we're looking at a needed retrace on a large down move across many pairs, and even if one can't pick the bottom, you have to expect a bounce back.
  • #248,314
  • Aug 24, 2010 11:03am Aug 24, 2010 11:03am
S&P500 lost its upward momentum....going down and taking GBP along for the ride

short at 5464
Attached Image (click to enlarge)
Click to Enlarge Name: ES 09-10 8_24_2010 (10 Min).jpg Size: 76 KB
  • #248,315
  • Aug 24, 2010 11:04am Aug 24, 2010 11:04am
London closed....Price needing a bit more of a retrace, current top of channel, volume leaving market....Meh, I think I have had my fill for the day.

See yaz all later.
Attached Image (click to enlarge)
Click to Enlarge Name: chantop.jpg Size: 64 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #248,316
  • Aug 24, 2010 11:06am Aug 24, 2010 11:06am
Quoting fourxtrader
FL belongs here more than I do. I have been one of his greatest
detractors because of his debased nature. Still I don't find this
element to be in the best spirit of FF. I have received PM's from
ladies in the forum who are offended greatly by his perverse nature,
have been afraid to call him out in this mostly male environment
and thanked me for doing so. On that account alone I could never
give...


Count me among those offended by his pathological vulgarity. I never pm'd anyone about it, just put him on iggy where he will remain.


Quote
I had nothing directly to do with his recent loss of vouch status
and don't know the specifics. It may be due to the accummulated
complaints that have come over time
.

I hope so.

Quote
... Still he continues to post
perverse materials and complaints continue which some in this forum
excuse as part of the normal decorum for an asylum of derilects.
Others still find it offensive. So each to his own.


I don't think he will change in this regard.

Quote
Magix first off (and some others) have taken the higher ground in
offering him a hand of fellowship. I'm more inclined to watch my
back of his other hand.



Quote
As for trading interests and skills, FL certain belongs here more than
I do.


I absolutely, categorically disagree .. your posts are always helpful, I have never seen any sign of trading skill in FL even on his good days.

Excellent post btw
******************* I'd rather make money than be right.
  • #248,317
  • Edited 11:16am Aug 24, 2010 11:10am | Edited 11:16am
Quoting fourxtrader
Thinking of becoming a commercial member. I need
the recognition.... might serves as a distraction from
how pathetic I am as a trader. Would setting up
a lemonade stand outside the asylum qualify??? LOL

Dr. D.
With a little vody stashed in the dumpster?Seriously speaking i endorse everything 4X has said. He was on my iggy list becos of irrelevant behavior and extremely slow charts Whereas you are one of the people i zoom in on for a piece of sound reasoning and poetry. Thanks Doc.
All systems of divination, like music itself,work through patterns.
  • #248,318
  • Aug 24, 2010 11:11am Aug 24, 2010 11:11am
How do I put FLion on iggylist?...I recently sent a complaint to FF about him but they said...."they are keeping an eye on him"....whatever.

update: I found the iggy button!...
  • #248,319
  • Aug 24, 2010 11:12am Aug 24, 2010 11:12am
Quoting joemiami
How do I put FLion on iggylist?...I recently sent a complaint to FF about him but they said...."they are keeping an eye on him"....whatever.
Click on his name, then on the profile page there will be an option "add to ignore list"
Welcome to the FL Iggy Club!
******************* I'd rather make money than be right.
  • #248,320
  • Aug 24, 2010 11:12am Aug 24, 2010 11:12am
Definition: 1. sudden realization: a sudden intuitive leap of understanding, ...

Of course I keep having these moments. Trading can be
simple.... trading can be simple. Keep it simple.

Cloggie, Magix and others here try to teach that less is
more... keep it simple and limit or eliminate the indicators.

I'm best off to follow the colored lines and patterns like this.
Wait for a tight gathering and then a committed separation
and jump aboard until the move changes and the lines collapse.

Find another tf and follow the same process... even if it is
a counter / retract move... it most often follows the same
compression pattern on some tf or other.

Dr. D.
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