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Cable Update (GBPUSD)

  • #249,261
  • Aug 27, 2010 6:25am Aug 27, 2010 6:25am
Quoting fxoxford
and remember KISS.
  • #249,262
  • Aug 27, 2010 6:27am Aug 27, 2010 6:27am
Quoting fxoxford
, i hear you Mr. Einstein, so should i short now?
i sometimes wonder how good Einstein would actually be in trading haha
  • #249,263
  • Aug 27, 2010 6:28am Aug 27, 2010 6:28am
Quoting Magic Hat
It's just like a normal day in the office. Brilliant!
  • #249,264
  • Aug 27, 2010 6:30am Aug 27, 2010 6:30am
Ok well GL to you all.
I am going now market seems rangy, if it wants to go so be it.

Enjoy.
  • #249,265
  • Aug 27, 2010 6:33am Aug 27, 2010 6:33am
Ja die fokken duitsers is mal man haha.
  • #249,266
  • Aug 27, 2010 6:37am Aug 27, 2010 6:37am
Quoting witsnpips
i sometimes wonder how good Einstein would actually be in trading haha
He would have blown more than 50 accounts. He was too rigid with methods
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,267
  • Aug 27, 2010 6:43am Aug 27, 2010 6:43am
Quoting Precap2
He would have blown more than 50 accounts. He was too rigid with methods
Agree 100% you just can not try and relate laws of gravity to a down trend haha.
No but serious he spent year wasting time trying to find a solution tht would include everything, think he would of done the same with trading trying to figure out a perfect system.
But he might of made a excelent economist haha
  • #249,268
  • Aug 27, 2010 6:47am Aug 27, 2010 6:47am
Quoting cloggie
Here is FXoxford and his buy:

http://www.youtube.com/watch?v=CrSS_...ayer_embedded#!
Why are you bearish? I am with fxoxford... I still see a lot of strength in this pair.. My longs got stopped out today morning.. But i am loaded up again long....I cannot see this going down below 1.5490 we will see after the US news..
  • #249,269
  • Aug 27, 2010 6:56am Aug 27, 2010 6:56am
Quoting LostMyShirt
Why are you bearish? I am with fxoxford... I still see a lot of strength in this pair.. My longs got stopped out today morning.. But i am loaded up again long....I cannot see this going down below 1.5490 we will see after the US news..
Do you look at H4 and Daily before taking decisions or are you interested in M15, M5 and M1?
Maybe you need to look at H4 and tell me if you still share that opinion. Look at it as if you had not trade open It could make all the difference if you do.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,270
  • Aug 27, 2010 7:04am Aug 27, 2010 7:04am
Quoting LostMyShirt
Why are you bearish? I am with fxoxford... I still see a lot of strength in this pair.. My longs got stopped out today morning.. But i am loaded up again long....I cannot see this going down below 1.5490 we will see after the US news..

You loaded up on longs, when every pair is consolidating, forming ever tightening ranges until the GDP news and Heli-Ben's speech.

Ah well that is one strategy. I am flat all pairs now, however H4 does not support longs right now, and neither did it last night and that's why I took a short then and bagged some good pips, while you got stopped out, go figure. Going long just below the WP is not a "method" I would advocate but it's your money.
  • #249,271
  • Aug 27, 2010 7:07am Aug 27, 2010 7:07am
Quoting Precap2
Do you look at H4 and Daily before taking decisions or are you interested in M15, M5 and M1?
Maybe you need to look at H4 and tell me if you still share that opinion. Look at it as if you had not trade open It could make all the difference if you do.
I normally look the daily and as it appears now it can go either way. Cannot tell which way its gonna go looking at the current pattern in the daily
I usually don't check H4, but i did now and the pattern is bearish, i guess..
I took the position based on what i am seeing now.. I still feel the upward strength in the price action.. may be i am wrong.. we will find out in about an hour...:-)
  • #249,272
  • Aug 27, 2010 7:11am Aug 27, 2010 7:11am
Quoting LostMyShirt
I usually don't check H4, but i did now and the pattern is bearish
Ok we finally agree on something now.

Quoting LostMyShirt
i guess..
Quoting LostMyShirt
I still feel
Those are 2 sentiments that don't belong in trading. Guessing and feeling has never made anyone any money.
  • #249,273
  • Aug 27, 2010 7:18am Aug 27, 2010 7:18am
Quoting cloggie
That's what you said last night to me when I was just about the only one shorting this, and guess what I was also just about the only one who made any money. 't Was only a measly 50 pips though.
I'm short at 1.5623 and have been since Thursday. I wasn't around to take profits on Monday which is a little unfortunate, but I think I'll get a second chance at those levels before long. So like you I'm short, but unlike you I've not crystallised a profit yet. This is probably why I still have a day job...

Quoting cloggie
Here is FXoxford and his buy:
That was very amusing. "I'll sell when I'm dead".... ha ha ha.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #249,274
  • Aug 27, 2010 7:20am Aug 27, 2010 7:20am
Quoting autopips
So like you I'm short, but unlike you I've not crystallised a profit yet. .

I covered, purely because of the news and have been flat all morning watching the PA.
  • #249,275
  • Aug 27, 2010 7:23am Aug 27, 2010 7:23am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting autopips
I'm short at 1.5623 and have been since Thursday. I wasn't around to take profits on Monday which is a little unfortunate, but I think I'll get a second chance at those levels before long. So like you I'm short, but unlike you I've not crystallised a profit yet. This is probably why I still have a day job...



That was very amusing. "I'll sell when I'm dead".... ha ha ha.

Strongly agree with you, autopips....waiting the pair at 5590 to get some shorts around
  • #249,276
  • Aug 27, 2010 7:27am Aug 27, 2010 7:27am
Quoting Precap2
He would have blown more than 50 accounts. He was too rigid with methods
I wouldn't think of Einstein as 'rigid', afterall he looked at simple things most people had taken for granted and asked obvious but unanswered questions and came to astounding conclusions. That said, he couldn't manage to wear matching socks on a daily basis, or any socks at all for that matter, such was the level his concentration operated on. Not a daytrader, for sure. Maybe a position trader?
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #249,277
  • Aug 27, 2010 7:30am Aug 27, 2010 7:30am
Quoting LostMyShirt
I cannot see this going down below 1.5490

Hmmm.


Lemme guess, your stop on your last long was just below here?
  • #249,278
  • Aug 27, 2010 7:33am Aug 27, 2010 7:33am
here v go

Inserted Video
Thank You
  • #249,279
  • Aug 27, 2010 7:40am Aug 27, 2010 7:40am
Quoting wormboy
here v go

Market is still waiting for Heli-Ben to give us a proper move. The only trades out there right now are a few scalps on the M5. Nothing worth writing home about.
  • #249,280
  • Aug 27, 2010 7:40am Aug 27, 2010 7:40am
Quoting cloggie
Hmmm.


Lemme guess, your stop on your last long was just below here?
Wrong guess no stop loss yet.. I am watching... added more to my longs at 1.5480
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