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Cable Update (GBPUSD)

  • #249,341
  • Aug 27, 2010 9:25am Aug 27, 2010 9:25am
Quoting cloggie
We are a good 100 pips below when his buying spree started, you would think he finally figured out where the trend is taking us.

The last 24 hours or so have been entertaining, dozens of posters here stirring each other up into a frenzy of buying. Herd mentality at its best. Only a few seasoned posters tried to stem the flow a bit and got pounced upon by all the noobs here.
Same shit, different day
  • #249,342
  • Aug 27, 2010 9:28am Aug 27, 2010 9:28am
Quoting cloggie
We are a good 100 pips below when his buying spree started, you would think he finally figured out where the trend is taking us.

The last 24 hours or so have been entertaining, dozens of posters here stirring each other up into a frenzy of buying. Herd mentality at its best. Only a few seasoned posters tried to stem the flow a bit and got pounced upon by all the noobs here.
Please stop helping. You are undoing all my work in trying to trick them into buying.
  • #249,343
  • Aug 27, 2010 9:30am Aug 27, 2010 9:30am
Quoting trending
Please stop helping. You are undoing all my work in trying to trick them into buying.

You don't have to trick 90% of the posters here in opposing the trend, they manage perfectly fine by themselves.

Here was my post from last night:

Quoting cloggie
Same here, not sure why so many here see longs.
And I got pounced upon and ridiculed, we have had 30 pages since of people buying this except some notable seasoned traders here, ah well sometimes I just have to give up and let the market teach them a costly lesson instead.....

And some wonder why I post less and less about setups here. There is little point in doing so, it gets lost in all the garbage.
  • #249,344
  • Edited 9:36am Aug 27, 2010 9:33am | Edited 9:36am
But, and I'm not being smart after the event, because I too am a noob, where was the signal to go long? I can't see a single one.
  • #249,345
  • Aug 27, 2010 9:35am Aug 27, 2010 9:35am
Quoting Delite
But, and I'm not being smart after the event, because I too am a noob, where was the signa; to go long? I can't see a single one.

Look back over the last 30 pages or so, every noob here was buying this, exception Wormy, BBakker, Magix, AMS, I and a few others.

Ah well, another week where 90% were on the wrong side of the market.
  • #249,346
  • Aug 27, 2010 9:35am Aug 27, 2010 9:35am
Quoting cloggie

And some wonder why I post less and less about setups here. There is little point in doing so, it gets lost in all the garbage.

That's a real shame, because it is invaluable.
  • #249,347
  • Aug 27, 2010 9:36am Aug 27, 2010 9:36am
Quoting Delite
But, and I'm not being smart after the event, because I too am a noob, where was the signa; to go long? I can't see a single one.
There was many if any....... Personally it doesn't bother me , but if I had been trading the 'sort of normal way' even I could have told folks it was a sellers market this time!!!!!!!!!!!!!
  • #249,348
  • Aug 27, 2010 9:37am Aug 27, 2010 9:37am
Quoting cloggie
You don't have to trick 90% of the posters here in opposing the trend, they manage perfectly fine by themselves.

Here was my post from last night:



And I got pounced upon and ridiculed, we have had 30 pages since of people buying this except some notable seasoned traders here, ah well sometimes I just have to give up and let the market teach them a costly lesson instead.....

And some wonder why I post less and less about setups here. There is little point in doing so, it gets lost in all the garbage.
well you've got infractions overload, hehe...
  • #249,349
  • Aug 27, 2010 9:37am Aug 27, 2010 9:37am
As it is now and will bee I suspect for the rest of today!!!!
  • #249,350
  • Aug 27, 2010 9:38am Aug 27, 2010 9:38am
Quoting qwertymyfx
well you've got infractions overload, hehe...

Yup, because I keep p!ssing of the noobs and they go crying to Twee.
  • #249,351
  • Aug 27, 2010 9:38am Aug 27, 2010 9:38am
Quoting Delite
But, and I'm not being smart after the event, because I too am a noob, where was the signa; to go long? I can't see a single one.
It depends what timeframe you are looking at. Magix will tell you that of the m1 there were plenty of signs to go long today, but they will have been scalping trades to which he is a master of.

Personally, I find trading of the smaller timeframes much harder than of the higher timeframes. Once I have mastered trading of the higher timeframes, I might start looking at the smaller timeframes again.
  • #249,352
  • Edited 9:52am Aug 27, 2010 9:38am | Edited 9:52am
the past 3 days did pretty much what I expected... in very slow motion.

good luck with your trades everyone and have a great weekend!

Tuesday's post -
Quoting Fudomyo
if the current support TL we're riding on holds and we pull up to the descending Daily TL, 15600 area, it could establish a consolidation range before the next move down. We broke under the Monthly Dynamic Point for the first time since June 10th 4 days ago. so market sentiment is bearish, but this doesn't rule out a retest of the 15600 prior support area before continuing down.
http://www.forexfactory.com/showthre...79#post3976679
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  • #249,353
  • Aug 27, 2010 9:38am Aug 27, 2010 9:38am
Quoting fxoxford
here it comes, it droping like hotcakes good job for the ones that went short, you should be up big time, good job
What's the price now?

Quoting cloggie
It is your money, not mine, well in a roundabout way it actually is, so keep doing what you are doing.
It's a good point. Don't get at the liquidity providers.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #249,354
  • Aug 27, 2010 9:39am Aug 27, 2010 9:39am
Thanks to everyone who has answered my questions and tolerated my inexperience this week. I am learning so much, so quickly my head is spinning!

Am out of here for the weekend. Have a good one!
  • #249,355
  • Aug 27, 2010 9:40am Aug 27, 2010 9:40am
come on cable, drop some more dammit!
  • #249,356
  • Aug 27, 2010 9:41am Aug 27, 2010 9:41am
Quoting bbakker
It depends what timeframe you are looking at. Magix will tell you that of the m1 there were plenty of signs to go long today, but they will have been scalping trades to which he is a master of.

Personally, I find trading of the smaller timeframes much harder than of the higher timeframes. Once I have mastered trading of the higher timeframes, I might start looking at the smaller timeframes again.

Can't do M1 - way too difficult!
  • #249,357
  • Aug 27, 2010 9:41am Aug 27, 2010 9:41am
Quoting Delite
Thanks to everyone who has answered my questions and tolerated my inexperience this week. I am learning so much, so quickly my head is spinning!

Am out of here for the weekend. Have a good one!

This is a fun thread and you will pick up some good nuggets of info. You just need to weed through the garbage first.

It is all in good spirit and fun. This thread breaks the monotomy while waiting for setups. Trading can be pretty lonely and like Fudomyo said earlier this week, who else can we talk and b!tch to?
  • #249,358
  • Aug 27, 2010 9:42am Aug 27, 2010 9:42am
Quoting Delite
But, and I'm not being smart after the event, because I too am a noob, where was the signal to go long? I can't see a single one.
The signal is explained in detail in this post: http://www.forexfactory.com/showpost...stcount=249227
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #249,359
  • Aug 27, 2010 9:43am Aug 27, 2010 9:43am
Quoting Delite
Can't do M1 - way too difficult!

I tip my hat to those that can trade the M1 succesfully, to me it is just noise.
  • #249,360
  • Aug 27, 2010 9:43am Aug 27, 2010 9:43am
Quoting autopips
The signal is explained in detail in this post: http://www.forexfactory.com/showpost...stcount=249227

Of course. Its all making sense now!
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