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Cable Update (GBPUSD)

  • #248,701
  • Aug 25, 2010 10:15am Aug 25, 2010 10:15am
Quoting wormboy
yes. imo it's a higher probability trade. either take it from there or after the monthly pvp @5420 goes. Just pull up your D1, plot a horizontal line across 5485 & scroll to the left back to April the 12th to the 27th. You will see it clearly.
Yeah I saw it, just making sure I understood you. thank you.
  • #248,702
  • Aug 25, 2010 10:49am Aug 25, 2010 10:49am
If I slide to daily chart, I see the pair is sitting at the lower boundary of my BB.. Wiser to long here don't u think? Targeting to middle BB @ around 1.55700 level?
I don't know about bears here, but it seems like it is weaker than the bulls..

Still a flat day for me, not going to take any trade here, but I still got the bullish sentiment, in case it confirms a good entry, I'll long from there; otherwise, the pair might follow the downtrend channel again

Quoting wormboy
yes. imo it's a higher probability trade. either take it from there or after the monthly pvp @5420 goes. Just pull up your D1, plot a horizontal line across 5485 & scroll to the left back to April the 12th to the 27th. You will see it clearly.
  • #248,703
  • Aug 25, 2010 11:05am Aug 25, 2010 11:05am
Quoting cloggie
I love these claims, posts and calls after the fact:

http://www.forexfactory.com/showpost...stcount=248641
http://www.forexfactory.com/showpost...stcount=248648
http://www.forexfactory.com/showpost...stcount=248651

So let me get this straight, you want us to ignore all the short calls you made today and now take you for your word that you mistakenly posted all the calls here and have gone long hours before posting your last post.

You really do contribute to the debate...
The FX field is a new endeavour for me so I dont trade it to make money. Where in any of my posts does it say Im trying to collect clients?....I dont need to, so stop putting words into my mouth, Ive never said anything commercial in here....NEVER, look at all my posts. I trade ES exclusively for me and my clients.

Do you really think i would be so careless to trade something like currency pairs with real trades WHILE Im still learning its market behavior? ...I wasn't born yesterday. enough said.
The reason Im on here is to learn FX from the more experienced, ppl like Magix, malcolmb, etc, they don't have a need to jump to conclusions like you do..... So please STFU.
  • #248,704
  • Aug 25, 2010 11:11am Aug 25, 2010 11:11am
Quoting joemiami
The FX field is a new endeavour for me so I dont trade it to make money. Where in any of my posts does it say Im trying to collect clients?....I dont need to, so stop putting words into my mouth, Ive never said anything commercial in here....NEVER, look at all my posts. I trade ES exclusively for me and my clients.

The reason Im on here is to learn FX from the more experienced, ppl like Magix, malcolmb, etc, they don't have a need to jump to conclusions like you do..... So please STFU.

Actually your post said very clearly in your own words that:
Quote
I actually trade FX futures and S&P500 mini futures thru CME for me and my clients.


http://www.forexfactory.com/showthre...54#post3971554

So apparantly that post was about as truthful and correct as the rest of your calls here?

Why now state that you are new to FX but stated only a few days ago that you trade FX futures directly for clients and on your profile it states that you have your series 3.

And there really is no need for that kind of language here, it may work with your classmates in high school, but not here.

And I was not jumping on you, I was just highlighting the ambiguity and opposing positions you had taken here in your posts, the only correct one being one posted 2 hours after the fact and after you had posted here that you had sold at 5540.

So just to recap, you trade FX futures for a CTA managing other peoples money, but you know nothing about FX, hmmmm.

  • #248,705
  • Aug 25, 2010 11:12am Aug 25, 2010 11:12am
Quoting joemiami
The FX field is a new endeavour for me so I dont trade it to make money. Where in any of my posts does it say Im trying to collect clients?....I dont need to, so stop putting words into my mouth, Ive never said anything commercial in here....NEVER, look at all my posts. I trade ES exclusively for me and my clients.

The reason Im on here is to learn FX from the more experienced, ppl like Magix, malcolmb, etc, they don't have a need to jump to conclusions like you do..... So please STFU.
Your new to fx, and aren't focused on making money. Then don't post your trades. Especially if they don't have much to support your view. Just read the experienced traders posts and learn. Otherwise you clutter the forums with useless calls.
  • #248,706
  • Aug 25, 2010 11:17am Aug 25, 2010 11:17am
Quoting kalparker
Your new to fx, and aren't focused on making money. Then don't post your trades. Especially if they don't have much to support your view. Just read the experienced traders posts and learn. Otherwise you clutter the forums with useless calls.
Ive made a few fx futures trades but thats it...but ur right, I shouldnt post here till I get better at it, point taken.
  • #248,707
  • Aug 25, 2010 11:17am Aug 25, 2010 11:17am
some days , like today , it is best just to take day off an enjoy.

EU was nice in London as was GU on the bounce up off major support.

US session has been horrible. DJ is waiting for something ... 10000 being defended.

GDP maybe ...

I bet Docs moving averages are bunching close on a 60 now.... from this consolidation will come a major move. UP ? down ? who knows. I will react to it not guess it. but I bet the move is 200 pip plus .

For me ... it is a beautiful day here , we have highest ever sockeye salmon runnning in the rivers. I am off fishing ....
Blogging daily now at www.volume.zone
  • #248,708
  • Aug 25, 2010 11:19am Aug 25, 2010 11:19am
Was just about to sign off but would rather watch "trader extraordinaire" (Cloggie boy) get up on his high horse for the 5th time this week.
  • #248,709
  • Aug 25, 2010 11:20am Aug 25, 2010 11:20am
Quoting joemiami
The FX field is a new endeavour for me so I dont trade it to make money.
stop the madness.

http://www.forexfactory.com/showthre...22#post3962822
http://www.forexfactory.com/showthre...58#post3962758

not looking to pick on you, but I was part of the discussion where you made these claims.
  • #248,710
  • Aug 25, 2010 11:21am Aug 25, 2010 11:21am
I wondered about the series 3 when i saw this fellow banging in and out of trades on a 1 min chart in frankfurt , long short ,stopped out long agian stopped out , 10 posts in under 15 min .

what series 3 trader does not have the experience to know that frankie can be ugly at the best of times , let alone on a 1 min , which ( no offence to anyone that actually makes money off this time frame ) is almost impossible to make money off at the best of times

Quoting cloggie
Actually your post said very clearly in your own words that you:


http://www.forexfactory.com/showthre...54#post3971554

So apparantly that post was about as truthful and correct as the rest of your calls here?

Why now state that you are new to FX but stated only a few days ago that you trade FX futures directly for clients and on your profile it states that you have your series 3.

And there really is no need for that kind of language here, it may work with your classmates in high school, but not here.

And...
Blogging daily now at www.volume.zone
  • #248,711
  • Aug 25, 2010 11:22am Aug 25, 2010 11:22am
Quoting malcolmb14
some days , like today , it is best just to take day off an enjoy.

EU was nice in London as was GU on the bounce up off major support.

US session has been horrible. DJ is waiting for something ... 10000 being defended.

GDP maybe ...

I bet Docs moving averages are bunching close on a 60 now.... from this consolidation will come a major move. UP ? down ? who knows. I will react to it not guess it. but I bet the move is 200 pip plus .

For me ... it is a beautiful day here , we have highest ever sockeye salmon runnning in the rivers. I...
Hey boys, just got back, starting to like these evening trades! up 10 and s/l almost to BE...

Doesn't look like she wants to go too far down but hoping I could get at least 30 out of her so I reach my target for the week

Anyone else in short here?
@pawpaw1000 on Twitter
  • #248,712
  • Aug 25, 2010 11:23am Aug 25, 2010 11:23am
Quoting Fudomyo
stop the madness.

http://www.forexfactory.com/showthre...22#post3962822
http://www.forexfactory.com/showthre...58#post3962758
For your informmation the MBT acct is my personal acct and has nothing to do with the business side of my trading. Thnx for your concern though...
  • #248,713
  • Aug 25, 2010 11:24am Aug 25, 2010 11:24am
Quoting malcolmb14
some days , like today , it is best just to take day off an enjoy.

EU was nice in London as was GU on the bounce up off major support.

US session has been horrible. DJ is waiting for something ... 10000 being defended.

GDP maybe ...

I bet Docs moving averages are bunching close on a 60 now.... from this consolidation will come a major move. UP ? down ? who knows. I will react to it not guess it. but I bet the move is 200 pip plus .

For me ... it is a beautiful day here , we have highest ever sockeye salmon runnning in the rivers. I...
This would be very late in the year for the reds to be running where I have lived before, more likely to see silvers now. What part of the world is this that has reds running so late?
  • #248,714
  • Aug 25, 2010 11:27am Aug 25, 2010 11:27am
Quoting cloggie
The point a few are trying to make here is that IF you want to take a trade without it testing, reversing and confirming a short (something I would have done) then at least set your SL to an obvious level above the aforementioned resistance, or else you miss out on both scenarios.
Hey cloggs,

My thinking was we had 3 tests of this high and that normally signals a pretty weak momentum! I went short on the last rejection and the reason for my s/l being so tight is that if it did move up, I lost my reason for entering and so, JUST WANNA GET OUT!

not moving much but like I said, got 10 and s/l at around -6pips now...

watching a movie with the GF and will be back to check later... Trailing stop!
@pawpaw1000 on Twitter
  • #248,715
  • Aug 25, 2010 11:31am Aug 25, 2010 11:31am
Quoting moonchild
This would be very late in the year for the reds to be running where I have lived before, more likely to see silvers now. What part of the world is this that has reds running so late?
vancouver canada .... silvers they are.
Blogging daily now at www.volume.zone
  • #248,716
  • Aug 25, 2010 11:35am Aug 25, 2010 11:35am
closed at be... see all 2moro LO
@pawpaw1000 on Twitter
  • #248,717
  • Aug 25, 2010 11:36am Aug 25, 2010 11:36am
Quoting pawpaw1000
closed at be... see all 2moro LO

Sorry for picking you out as example why a short there would not have worked. Have a goodnight. See you in the morning.

She has still not made up her mind yet on where to go. I am done too.

Likely next stop 5472.
  • #248,718
  • Aug 25, 2010 11:48am Aug 25, 2010 11:48am
Quoting joemiami
For your informmation the MBT acct is my personal acct and has nothing to do with the business side of my trading. Thnx for your concern though...
Dude. no offense, but it doesn't mesh.

Someone who's trading 4M client accounts carries themself quite differently. Your entries, your market knowledge, and your attitude don't project the level of confidence this responsibility would require.

If you're here to learn, that's cool. everyone starts in the same place, and no one would judge you for that.

  • #248,719
  • Aug 25, 2010 11:55am Aug 25, 2010 11:55am
Quoting Fudomyo
Dude. no offense, but it doesn't mesh.

Someone who's trading 4M client accounts carries themself quite differently. Your entries, your market knowledge, and your attitude don't project the level of confidence this responsibility would require.

If you're here to learn, that's cool. everyone starts in the same place, and no one would judge you for that.


i speak a lil unorthodox on here sometimes. I admit it, just dont take seriously what I say on here. Sometimes I give the false impression without wanting to... sorry to confuse some of the others on here.... will be more careful in the future
  • #248,720
  • Aug 25, 2010 11:58am Aug 25, 2010 11:58am
Quoting pawpaw1000
Hey cloggs,

My thinking was we had 3 tests of this high and that normally signals a pretty weak momentum! I went short on the last rejection and the reason for my s/l being so tight is that if it did move up, I lost my reason for entering and so, JUST WANNA GET OUT!

not moving much but like I said, got 10 and s/l at around -6pips now...

watching a movie with the GF and will be back to check later... Trailing stop!
something brewiing and patience previals

tight range ... last 48 hours almost , all up moves on a 60 getting hit with high volume ( re distribution)

Maybe like this thru to Fridays GDP.

I am still on the bearish side for now
Blogging daily now at www.volume.zone
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