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Cable Update (GBPUSD)

  • #249,581
  • Aug 28, 2010 6:39pm Aug 28, 2010 6:39pm
Great explanation .. I can actually follow you! Normally gartley-talk makes my brain dizzy (or what's left of it..)

Quoting Scipionz
LOL!

So you don't feel like a dog that need a backbone.... (tsss...)
BRAVO my friend!

------------

Gartley, butterfly, crab.....
The real point is:

Market work whit legs, and a healty move stand over 61.8% correction, even 50%.

Most of the time if price stand over 23.6%/38.2 - making some kind of flag,
it will then extend over the last top making an AB=CD or variation of it.

If this support is broken, price will attempt 50/61.8% zone.
As said, an healty move should stay over that level.

Last chance to keep the move in the way...
******************* I'd rather make money than be right.
  • #249,582
  • Aug 28, 2010 7:18pm Aug 28, 2010 7:18pm
Quoting IbkA
No matter how 'experienced' the 'analysts' are on Forex Factory, you can get better than them if you continue to learn rather than just follow calls.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #249,583
  • Aug 28, 2010 9:08pm Aug 28, 2010 9:08pm
Market rejects 1.5443 nicely and appears momentum is now in place for 1.5625 which is my version of the upper daily range. Long from 1.5482 & just tossing this out for consideration..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd0828.jpg Size: 193 KB
  • #249,584
  • Aug 28, 2010 11:16pm Aug 28, 2010 11:16pm
Quoting david777
Sounds like you have been brainwashed by the Dear Leader!
isn't that what leaders do.
  • #249,585
  • Aug 29, 2010 1:02am Aug 29, 2010 1:02am
Good day to you,

Herewith the solution to the discussion:

http://a.imageshack.us/img816/1069/idead.gifAll indicators work - until they don't http://a.imageshack.us/img816/1069/idead.gif

Warm regards
  • #249,586
  • Aug 29, 2010 1:17am Aug 29, 2010 1:17am
Here is an example of the AUD/USD butterfly.



Quoting Scipionz
LOL!

So you don't feel like a dog that need a backbone.... (tsss...)
BRAVO my friend!

------------

Gartley, butterfly, crab.....
The real point is:

Market work whit legs, and a healty move stand over 61.8% correction, even 50%.

Most of the time if price stand over 23.6%/38.2 - making some kind of flag,
it will then extend over the last top making an AB=CD or variation of it.

If this support is broken, price will attempt 50/61.8% zone.
As said, an healty move should stay over that level.

Last chance to keep the move in the way is...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 120 KB
  • #249,587
  • Aug 29, 2010 2:28am Aug 29, 2010 2:28am
Hope you dont mind but i am going to ask a very off topic question here.
How do you go about setting your email so i can stop getting updates on the thread because it is really annoying having to delete it all the time.

Thanks very much.
  • #249,588
  • Aug 29, 2010 2:36am Aug 29, 2010 2:36am
Quoting CoffeeDrinke
Hope you dont mind but i am going to ask a very off topic question here.
How do you go about setting your email so i can stop getting updates on the thread because it is really annoying having to delete it all the time.

Thanks very much.
Set on your left-top side under
-Forum Links
-Subscribed Threads
the notification to none
Don't be a hero. Don't have an ego. Always question yourself
  • #249,589
  • Aug 29, 2010 2:52am Aug 29, 2010 2:52am
Quoting USD-Bear
Set on your left-top side under
-Forum Links
-Subscribed Threads
the notification to none
Thanks bear, hopefully i did it right, i clickd no email notifications.
  • #249,590
  • Aug 29, 2010 4:00am Aug 29, 2010 4:00am
Quoting fxoxford
isn't that what leaders do.
Twee, who ultimately makes all the decisions, is the leader and god of this forum, no one else is! Trading is an activity that attracts many scam artists who fleece people due to the very nature of this game of greed and fear. Forums are prime locations for these charlatans and many unwary investors have lost money through these conniving schemes. It breaks my heart when I read distressed posts of people having lost money in this way.

Due to the rapid growth of this site it is impossible for Twee and the FF Management to check every post, so some form of self policing by users of this site is required and some people do this very well for the good of others new to this game!

Like the Forex Market, a forum is the Wild West of the Internet with no barriers to entry and you should be careful who you trust and befriend, just like you would in real life.

Do your own research and do your own due diligence. No one is going to do it for you.

Peace out
  • #249,591
  • Aug 29, 2010 4:27am Aug 29, 2010 4:27am
Quoting IbkA
[font=Calibri][size=3][font=Calibri][size=3]Hi Magix

My husband mentioned your post to me earlier, and I thought I'd just pop in after putting the kiddies to bed to say hi, and reply (I had to wade through so much' unhelpful stuff' to find this)....

good to hear for u..i have been so busy i hardly post myself but i havent forgot..will likely phone u tomorrow..sorry for not doing it soonier..regards navin
  • #249,592
  • Aug 29, 2010 5:42am Aug 29, 2010 5:42am
As it is the weekend and as I am a swing trader, the market will ask me questions as to whether I should leave positions open over the weekend. Now as a day trader, as the name implies, you close your positions off by the end of each day/session/pa and certainly wouldn't dream of holding positions open over the weekend. Swing/position trading on the other hand can have positions open for days, weeks if not months as they work of the higher timeframes and naturally they will leave positions open over the weekend. Questions will be asked by swing traders as to what parameters are involved to keep a position open or not before the market closes on Friday.

- Is my current swing position a free trade or is it still at risk?
- How far does the SL of the original position have to be by Friday's closing price, 50 pips, 100 pips?
- Should I trade on a Friday when the likelihood that the swing trade will hit my parameters for closing a position before the weekend?

Just some questions that need answering and anyone who is swing trading will have these same questions, but we can all have different answers that suit our own trading style. By answering all the questions that the market can throw at you and by writing down the answers with your own parameters in your trading plan, you will know exactly what to do when you come across that situation again and ensuring consistency in your methods.

A personal experience of mine and learning the hard way, if doing both types of trading at the same time, don't let a day trade turn into a swing trade and vice versa as the questions, answers, criteria and rules are different, so therefore must be treated as separate trades. Hence I am just sticking to swing/position trading for now.

Good luck with your trading.
  • #249,593
  • Aug 29, 2010 6:28am Aug 29, 2010 6:28am
Quoting bbakker
Twee, who ultimately makes all the decisions, is the leader and god of this forum, no one else is! Trading is an activity that attracts many scam artists who fleece people due to the very nature of this game of greed and fear. Forums are prime locations for these charlatans and many unwary investors have lost money through these conniving schemes. It breaks my heart when I read distressed posts of people having lost money in this way.

Due to the rapid growth of this site it is impossible for Twee and the FF Management to check every post, so some...
twee has nothing to do with this, we all know who run this forum, there's some traders who think they are the leaders in certain threads. any way good luck
  • #249,594
  • Aug 29, 2010 7:40am Aug 29, 2010 7:40am
Quoting fxoxford
twee has nothing to do with this, we all know who run this forum, there's some traders who think they are the leaders in certain threads. any way good luck
Well, people will leave themselves open to criticism Kevin and you should know better with "over 8 years in the financial industry" and a "A well Respected Forex Trader In The Industry" to leave the following post -

http://www.forexfactory.com/showpost...stcount=249227

I mean as a swing trader I cannot fault your entry and I can see why you are wanting this thing to go up, but the chart tells me a different picture contrary to your words of "trend is still long at the moment" and paints a confusing message.

In future I suggest you add weight to your arguments of going long (or short) such as the double bottom (tweezers) at the end of the 23rd in this instance of going long rather than just stating the obvious fact of where you want this thing to go. You chart also shows that it failed to make a new higher high, an argument for the shorts.

Building up reasonable and logical arguments in your postings will leave you less open to criticism and from a man with many years of experience in the Forex market, your analysis postings are a bit of a disappointment. You don't discuss your setups, just after the trade analysis for self conviction.

Just my personal observation and I hope you trade well.
  • #249,595
  • Aug 29, 2010 8:03am Aug 29, 2010 8:03am
Quoting bbakker
Well, people will leave themselves open to criticism Kevin and you should know better with "over 8 years in the financial industry" and a "A well Respected Forex Trader In The Industry" to leave the following post -

http://www.forexfactory.com/showpost...stcount=249227

I mean as a swing trader I cannot fault your entry and I can see why you are wanting this thing to go up, but the chart tells me a different picture contrary to your words of "trend is still long at the moment" and paints a confusing message.

In...

It is quite entertaining how the 2 commercial scammers here scream the loudest, we have Fxoxford who is well respected, by himself no less, and scipionz, which is just an anagram for ponzi scheme.
  • #249,596
  • Aug 29, 2010 8:16am Aug 29, 2010 8:16am
Quoting cloggie
It is quite entertaining how the 2 commercial scammers here scream the loudest, we have Fxoxford who is well respected, by himself no less, and scipionz, which is just an anagram for ponzi scheme.
HAHAA!! and scipionz, which is just an anagram for ponzi scheme

HAHA...



Sorry guys, just woke up from my nap and couldn't stop laughing at this statement. HAAHAHA! I think I'm going crazy but i really am laughing out loud! think I just woke my gf...

HAHA

@pawpaw1000 on Twitter
  • #249,597
  • Aug 29, 2010 9:07am Aug 29, 2010 9:07am
HI All,

would like you to read this article I found while searching for economic data and I must say, I'm not really shocked as I have been thinking the same thing for the last year at least...

http://matterhornassetmanagement.com...no-double-dip/

Please take the time to read, won't take more than 7min and then we see what you think?

PS. My view is in full agreeance and I'm very skeptical at this point. I don't really know how bad it will get but I'm thinking pretty bad. I haven't lived long enough to have the experience of something like this and I don't think it'll be like anything we've ever seen...
@pawpaw1000 on Twitter
  • #249,598
  • Aug 29, 2010 9:12am Aug 29, 2010 9:12am
Quoting cloggie
It is quite entertaining how the 2 commercial scammers here scream the loudest, we have Fxoxford who is well respected, by himself no less, and scipionz, which is just an anagram for ponzi scheme.
Hi Cloggie. thanks for all your helpful posts. i have a major challenge with knowing for certain what the overall trend for any given day is. can you possibly guide me on how to identify the trend for any given day so that it guides my trading direction for that day.

thanks
  • #249,599
  • Aug 29, 2010 9:19am Aug 29, 2010 9:19am
Quoting bbakker
Well, people will leave themselves open to criticism Kevin and you should know better with "over 8 years in the financial industry" and a "A well Respected Forex Trader In The Industry" to leave the following post -

http://www.forexfactory.com/showpost...stcount=249227

I mean as a swing trader I cannot fault your entry and I can see why you are wanting this thing to go up, but the chart tells me a different picture contrary to your words of "trend is still long at the moment" and paints a confusing message.

In...
to each it own, trade your system. good luck to all
  • #249,600
  • Aug 29, 2010 9:20am Aug 29, 2010 9:20am
Quoting cloggie
It is quite entertaining how the 2 commercial scammers here scream the loudest, we have Fxoxford who is well respected, by himself no less, and scipionz, which is just an anagram for ponzi scheme.
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