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Cable Update (GBPUSD)

  • #250,121
  • Aug 31, 2010 10:57am Aug 31, 2010 10:57am
I think it is the big bounce of 38 at daily fib is due ...
check the h4 also it has bounced to that sloping trendline just to the pip.
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  • #250,122
  • Aug 31, 2010 10:59am Aug 31, 2010 10:59am
Quoting Scipionz
I think 1.5308 will be the best entry for this one.
You think we'll get that low? Looks like she may be reversing, although to soon to tell for sure, may be a reaction to London close.

I'm very happy I took an impulse short on GY at 130
******************* I'd rather make money than be right.
  • #250,123
  • Aug 31, 2010 11:02am Aug 31, 2010 11:02am
Quoting 4xStar
You think we'll get that low? Looks like she may be reversing, although to soon to tell for sure, may be a reaction to London close.

I'm very happy I took an impulse short on GY at 130
Nice catch for GY no doubts!!
Time to cash maby half at least?!

I have a bunch of fibs that create a cluster there, if this dosen't get over 1.5370, I think yes that pattern will complete at 1.5308. Also, if you take higher trendline and duplicate it to the low at 1.5370 on the 08.24, 08 match perfectly the channel.

Let's see as always!
"Flip that coin!"
  • #250,124
  • Aug 31, 2010 11:04am Aug 31, 2010 11:04am
Quoting AdrianHNV
I started trading with my own money back in April. Having used a 'practice account for a few months prior to that.
Studying, learning, training, reading and trading from about 5.30am till about 10pm most days including weekends. So not that long really. Although I must admit I do feel over the next few weeks or so I will reduce this significantly.

So far as who do I think I am helping, well I'm sure I have helped more than I have hindered. If not maybe a few more ought to say things like you do.

Any business does actually help with FOREX. As...
Most people with your lack of experience shut up and listen..in order to learn..You dont seem to possess that ability. However as some people have already inferred ,if you are still trading in two years time i would then be prepared to sit up and listen. In the meantime i feel that the greater majority of people on this thread would benefit greatly without you trying to beeeeeeeeeeeee the fount of all knowledge regarding MM
All systems of divination, like music itself,work through patterns.
  • #250,125
  • Aug 31, 2010 11:04am Aug 31, 2010 11:04am
Quoting TauTrader
Good day to you,

For the animal lovers...http://a.imageshack.us/img821/8717/monkeyn.gif 2 bullish butterflies 1hr and 4hr

Trade well

Regards
Hey tau,

Please ignore my ignorance but shouldn't leg ab = cd???

Ive got like 160 pips and over 200 for the other?
@pawpaw1000 on Twitter
  • #250,126
  • Aug 31, 2010 11:07am Aug 31, 2010 11:07am
Quoting kaspopsicle
Most people with your lack of experience shut up and listen..in order to learn..You dont seem to possess that ability. However as some people have already inferred ,if you are still trading in two years time i would then be prepared to sit up and listen. In the meantime i feel that the greater majority of people on this thread would benefit greatly without you trying to beeeeeeeeeeeee the fount of all knowledge regarding MM
Oi, the Bee man has been contributing. Don't you remember when me and BBakker were always talking and being corrected? oh no, you weren't here...

Anyways, let it be... If you don't wanna listen, use ignore button. That way you see just the posts you want, OK?
@pawpaw1000 on Twitter
  • #250,127
  • Aug 31, 2010 11:09am Aug 31, 2010 11:09am
Quoting pawpaw1000
Hey tau,

Please ignore my ignorance but shouldn't leg ab = cd???

Ive got like 160 pips and over 200 for the other?
That ratio make leg AB 100 pips
and CD 200 pips.

so 1.618 of AB leg = CD.
In short, your CD leg is 0.618 longer then AB.

Usual expansion are 1.27 1.414 1.618.

Take care!
Attached Images
"Flip that coin!"
  • #250,128
  • Aug 31, 2010 11:12am Aug 31, 2010 11:12am
Quoting kaspopsicle
Most people with your lack of experience shut up and listen..in order to learn..You dont seem to possess that ability. However as some people have already inferred ,if you are still trading in two years time i would then be prepared to sit up and listen. In the meantime i feel that the greater majority of people on this thread would benefit greatly without you trying to beeeeeeeeeeeee the fount of all knowledge regarding MM
Shut up, listern and learn yourself. Idiot
  • #250,129
  • Aug 31, 2010 11:14am Aug 31, 2010 11:14am
Quoting Temps
I am always here my friend, just feel like abusing you every now and then.... 500 posts per month i am impressed, maybe if you wathched the market half as much as you watch the cable thread, you might be able to aim for a little more than 5% per month. you arae a fool and bring a smile to my face daily.
Should have added lurking too... hahahahaha!

That is just my 1st business goal, once I have achieved that, my next goal is >=10% per month over 6 months, the goal after that.... I think you get my drift.

Maybe a fool, but a sensible fool that tries to contribute in a positive way to this thread rather than a drive-by flaming troll.

Just for your viewing pleasure, here is my latest trade that I opened in USDCHF.

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I also have one is AUDUSD which is now a free trade which you can see here -

http://www.forexfactory.com/showthre...45#post3990245

and one in cable which I am sure you already know about.

I have plenty of time on my hands working of the h4 and higher timeframes, to do my work (yes I am still employed) and to contribute to FF.

I wish you success with your trading and you don't need to reciprocate as I know my trading will be a success.
  • #250,130
  • Aug 31, 2010 11:16am Aug 31, 2010 11:16am
Quoting wormboy
don't see adding long now as a safe trade.
the monthly pvp is being severely tested & there is no bounce or reversal whatsoever yet to suggest that it could turn here. htf are still showing shortside.

good luck

soooo ... did all the perma bulls got out at bep?

43 minutes left on my h4 & cable is now below the monthly pvp. Pretty easy to judge the direction. Good luck
Thank You
  • #250,131
  • Aug 31, 2010 11:17am Aug 31, 2010 11:17am
Quoting Scipionz
[/b]

That ratio make leg AB 100 pips
and CD 200 pips.

so 1.618 of AB leg = CD.
In short, your CD leg is 0.618 longer then AB.

Usual expansion are 1.27 1.414 1.618.

Take care!
155 * 1.618 = 250...

AAAH, now I've got it...

So the two legs ab and cd must just be in a fib ratio doesn't have to be equal?

Thanks Tau, great help!
@pawpaw1000 on Twitter
  • #250,132
  • Aug 31, 2010 11:17am Aug 31, 2010 11:17am
Quoting wormboy
soooo ... did all the perma bulls got out at bep?
think it was BE+1.... how's it going, Azim?
  • #250,133
  • Aug 31, 2010 11:19am Aug 31, 2010 11:19am
Thanks for your private message.
No, I am not mentally retarded but thankyou for your equiry after my health.
Do beeee good in future.
All systems of divination, like music itself,work through patterns.
  • #250,134
  • Aug 31, 2010 11:22am Aug 31, 2010 11:22am
Quoting gammase1
think it was BE+1.... how's it going, Azim?
lol, hey at least they made money

I'm doing great paul, how have you been my friend?
btw, enjoy your european spot this season mate, we taking it back next season!
Thank You
  • #250,135
  • Aug 31, 2010 11:22am Aug 31, 2010 11:22am
do u guys know what is the limitation for usd today?...because i'm buying right now....floating for almost 80 pips!
  • #250,136
  • Aug 31, 2010 11:25am Aug 31, 2010 11:25am
Quoting pawpaw1000
Oi, the Bee man has been contributing. Don't you remember when me and BBakker were always talking and being corrected? oh no, you weren't here...

Anyways, let it be... If you don't wanna listen, use ignore button. That way you see just the posts you want, OK?
Thanks paw paw.. will track that lot back and put it on iggy
All systems of divination, like music itself,work through patterns.
  • #250,137
  • Aug 31, 2010 11:27am Aug 31, 2010 11:27am
Quoting pawpaw1000
155 * 1.618 = 250...

AAAH, now I've got it...

So the two legs ab and cd must just be in a fib ratio doesn't have to be equal?

Thanks Tau, great help!
I'm not Tau but pleasures!
"Flip that coin!"
  • #250,138
  • Aug 31, 2010 11:42am Aug 31, 2010 11:42am
Quoting Scipionz
Also, if you take higher trendline and duplicate it to the low at 1.5370 on the 08.24, 08 match perfectly the channel.
This is exactly the trade setup I am currently running.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #250,139
  • Aug 31, 2010 11:45am Aug 31, 2010 11:45am
Quoting kaspopsicle
Most people with your lack of experience shut up and listen..in order to learn..You dont seem to possess that ability. However as some people have already inferred ,if you are still trading in two years time i would then be prepared to sit up and listen. In the meantime i feel that the greater majority of people on this thread would benefit greatly without you trying to beeeeeeeeeeeee the fount of all knowledge regarding MM
Sheesh, that's a bit harsh isn't it? What did he do to you?
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #250,140
  • Aug 31, 2010 11:45am Aug 31, 2010 11:45am
Quoting wormboy
not yet ..
Quoting wormboy
I do not know what to expect yet. The gbplfx is sandwiched in between the two main pivots. Flat as long it stays in between, back to bullish if it closes above the W1 pvp or stay bearish if it closes below the monthly pvp. Too close to call atm, I am not expecting anything nor am I taking sides till it happens.

Good luck to you.
back then ...
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Thank You
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