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Cable Update (GBPUSD)

  • #249,621
  • Aug 29, 2010 9:34am Aug 29, 2010 9:34am
Quoting fxoxford
update on this trade, close have my position at 1.5578, still holding long at 1.5390, s/l at BE, t/p still at 1.5715 at the moment.
for all to see, here's the first half of my trade i close, at this time i still had another half of my trade on the table. be back to show you when i close the 2nd half of my trade
  • #249,622
  • Aug 29, 2010 9:36am Aug 29, 2010 9:36am
Market is sideways in reality right now till we can break out 5800 to 5450 congestion area. August is always a consolidation whipsaw month , Sept 90% of time trending.

... is oxford right in say trend is still up ? maybe this just is retrace to test the 1.5500 area that was broken out of and not tested on the daily ..... who knows. For sure on the 60 min there is alot of buyers on dips start last week that caused me to close my attempt at an 800 pip plus swing trade.

are you right in saying trend is down ? yes due to hulls moving average being red and down . I am preferring sells due to hulls being down on daily.

till this congestion range breaks ... buyers and sellers will win , just depends on entry and how much dd you want on account...lol

there are easier things to trade out there right now...than gu , although current 200 pip channel 1.5400 to 5600 is very tradeable with small stops either side of channel . I love the way we seen talk of all manner of patterns etc etc ... when reality charts on gu are fairly simple when you look at a daily . Chart below shows the s/r lines. A simple entry on crossing whole numbers and tight stops with 100 pip tp seems to work ok

The other things that are easier to trade then gu :

es 1124 sell I close for 80 points , waiting for an up move and another sell off 1084 , that breaks to upside I may consider longs ...if es 1067 breaks to upside we are back in channel 1067 to 1087

30 year bonds solid up trend 2 months now

gold solid up trend for 1 month







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...
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #249,623
  • Aug 29, 2010 9:38am Aug 29, 2010 9:38am
Quoting fxoxford
close the other hlf of my long at 1.5530, another good week, good luck on those shorts im flat, lets see whats next week brings
for all to see, here's when i close the 2nd half of my trade, it also shows i said i was flat and done for the week, this was friday when i close this trade. im done dealing with this fool
  • #249,624
  • Aug 29, 2010 9:39am Aug 29, 2010 9:39am
Quoting fxoxford
when you get a guy like that who has help a few newbies they will back him 100% i won't be surprise if some of them ask him to trade there accounts or give them signal that there will to pay for, it's guys like that that take advanage of newbies, this is when the scam comes into play, there are a lot of newbies who think he's god and will to do anything including giving him money. seen it happen before in this thread a guy comes in here with all his guru talk then bam newbies sending him money.
Oh no, you reckon cloggs might be a scammer? I sent him 40k last week...

I really hope he doesn't make off with it! Maybe I should do a due diligence on him and his company...

ARE YOU CRAZY?

Ok boys, we've all had our laughs, can we quit this whole thing now? Cloggs?
@pawpaw1000 on Twitter
  • #249,625
  • Aug 29, 2010 9:44am Aug 29, 2010 9:44am
Quoting fxoxford
no you go back and check my post and time of my post, you will also see i close the other half of my trade on friday, im not now saying im long, i close 1st have of my trade then on friday i close the 2nd half, check my post again buddy. damn your stupid
If you closed it, that's a professional thing to do.

Bless ya
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,626
  • Aug 29, 2010 9:44am Aug 29, 2010 9:44am
Quoting Precap2
Saying you went long at that tweezers bottom is great, but saying you still have the long open isn't. I also went long but not at 1.5390, it was later. I wasn't on desk when the tweezers occurred. Those are short-term profits, you don't hold them unless you have lil or no knowledge of trend.

Bless ya.
some traders think they know best god bless your little soul
  • #249,627
  • Aug 29, 2010 9:46am Aug 29, 2010 9:46am
Quoting Astroman
You are right!

As far as money goes I only trust myself with it.
i don't even trust myself, lol!
Enter Signature
  • #249,628
  • Aug 29, 2010 9:46am Aug 29, 2010 9:46am
Quoting pawpaw1000
Oh no, you reckon cloggs might be a scammer? I sent him 40k last week...

I really hope he doesn't make off with it! Maybe I should do a due diligence on him and his company...

ARE YOU CRAZY?

Ok boys, we've all had our laughs, can we quit this whole thing now? Cloggs?
let the joke continue!
Enter Signature
  • #249,629
  • Aug 29, 2010 9:47am Aug 29, 2010 9:47am
Quoting fxoxford
when you get a guy like that who has help a few newbies they will back him 100% i won't be surprise if some of them ask him to trade there accounts
Right on!

------------
Quoting malcolmb14
Market is sideways in reality right now till we can break out 5800 to 5450 congestion area. August is always a consolidation whipsaw month , Sept 90% of time trending.
As Malcom said, we are ranging now and until 1.54/1.5750 broke no clear direction is establish.

I have entry around 1.54 and will keep or cancel it according to PA.
As usual, never get married to a trade - just get what market give you.

Later!
"Flip that coin!"
  • #249,630
  • Aug 29, 2010 9:47am Aug 29, 2010 9:47am
Quoting pawpaw1000
Oh no, you reckon cloggs might be a scammer? I sent him 40k last week...

I really hope he doesn't make off with it! Maybe I should do a due diligence on him and his company...

ARE YOU CRAZY?

Ok boys, we've all had our laughs, can we quit this whole thing now? Cloggs?
like i said newbies will back him to the end, did he really help you with your trading, think real hard now
  • #249,631
  • Aug 29, 2010 9:50am Aug 29, 2010 9:50am
Quoting Scipionz
Right on!

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

As Malcom said, we are ranging now and until 1.54/1.5750 broke no clear direction is establish.

I have entry around 1.54 and will keep or cancel it according to PA.
As usual, never get married to a trade - just get what market give you.

Later!
of course where ranging, we have to wait and see what the market gives us, then jump on it, follow your system and should be alright
  • #249,632
  • Aug 29, 2010 9:57am Aug 29, 2010 9:57am
Quoting fxoxford
like i said newbies will back him to the end, did he really help you with your trading, think real hard now
still thinking , alright back to business, lets all trade and be happy, every one wants to be right, some say long some say short, no need to get upset about who's going long and who's going short, this is forex anything can and will happen, good luck to all
  • #249,633
  • Aug 29, 2010 10:01am Aug 29, 2010 10:01am
im flat at the moment, but where let the market decide witch way to go. there's no holy grail traders in this thread so no need to act like one, we all will get it wrong sooner or later. just hope you win more then you loose
  • #249,634
  • Aug 29, 2010 10:02am Aug 29, 2010 10:02am
god bless and good luck to all
  • #249,635
  • Aug 29, 2010 10:03am Aug 29, 2010 10:03am
Quoting cloggie
Following the DOW during rebalancing is the way to go because the large funds invest in the DOW, during normal trading hours, following es shows a better correlation once price is affected by it.
Jeepers Cloggs,

Just had a look at the correlation between ES and GU and it is amazing...

Please someone correct me if I am wrong but as I see it:

The es starts at 1500 gmt and is then traded until about 2100 gmt.

As ES falls, so does GU... Thats my observation of this week...

GU made significant moves as soon as ES opened.

Any thing else or mistakes I've made...

Thanks in advance!

PS Already found one mistake, I was looking at the S&P 500 chart and not the ES futures chart. Any links to the said chart?
@pawpaw1000 on Twitter
  • #249,636
  • Aug 29, 2010 10:06am Aug 29, 2010 10:06am
http://www.metatube.com/en/videos/37...-Tony-Robbins/

September crash?
  • #249,637
  • Aug 29, 2010 10:11am Aug 29, 2010 10:11am
Quoting fxoxford
still thinking , alright back to business, lets all trade and be happy, every one wants to be right, some say long some say short, no need to get upset about who's going long and who's going short, this is forex anything can and will happen, good luck to all
Nah, was busy doing some research! soo much to know, wonder if I'll ever get it all learnt!

Btw, He really did help me alot, I have improved markably in the last 5 months and last week had my first full week profitable, and did it again this week (although just 1.5%!)

I used to be one of the boys that would go long in a downtrend and just keep letting it run with a 100 pip stop. And believe me, I got stopped

So we going on with trading now or what? Still trying to get a place to watch the ES chart and looking at correlation between S&P 500 and GU seems marked! Good way to maybe get a headstart on GU?
@pawpaw1000 on Twitter
  • #249,638
  • Aug 29, 2010 10:13am Aug 29, 2010 10:13am
Quoting pawpaw1000
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...
Once again, love to see some response to this article...
@pawpaw1000 on Twitter
  • #249,639
  • Aug 29, 2010 10:13am Aug 29, 2010 10:13am
Quoting Abuawad
Take a look on the daily chart
remember this guy, man this guy use to post some good stuff i mean it seems like everything he post came true, never back it up with any proof but he will post some good trade / chart set-up, then some newbie gave him a few grand, then this newbie check his account and trade history then bam the guy blew his account in a week, this guy no longer post on this forum again after he was expose. just cause you post all that good stuff doesn't mean a damn thing if you can't trade.
  • #249,640
  • Aug 29, 2010 10:14am Aug 29, 2010 10:14am
Quoting fxoxford
god bless and good luck to all
I ain't gonna permit ya to write about my own God in those small letters. You done it one too many man. Stop it I warn you
My God would always be proud of me, lil defender hahahaha

Holla for peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
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