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Cable Update (GBPUSD)

  • #252,401
  • Sep 11, 2010 11:57am Sep 11, 2010 11:57am
Quoting grashid
..now my margin effort to do that...lol

anyway attach is my chart for those who PM me just now....

cheers

g
http://www.forexfactory.com/showpost...stcount=251253

been a few day off due to eid aidilfitri...

as i posted before BOC rate and bloody damm great as per plan n we may seen another buy dip from the same area ~ 1.53 area where we may ranging n yes as a few mentioned until any gate is breakout..

me i am still in buy dip bias till this end month where 1.557 will be my end long where i am looking a short entry at this area for my target of 5150-4950

happy weekend and good luck

g
  • #252,402
  • Sep 11, 2010 12:04pm Sep 11, 2010 12:04pm
Quoting Temps
Should get a bounce off 15475.... 4th attempt
Worked out nice ...
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  • #252,403
  • Sep 11, 2010 12:37pm Sep 11, 2010 12:37pm
Quoting Temps
Worked out nice ...
  • #252,404
  • Sep 11, 2010 1:09pm Sep 11, 2010 1:09pm
Quoting bbakker
I see you caught a nice 80 pips out of it too.... well done and have a great weekend....
  • #252,405
  • Sep 11, 2010 3:39pm Sep 11, 2010 3:39pm
Quoting Magix
Nav...
Do you come specifically for abuse or are you just purposely trying to stir the pot?...
thanks for the advise ..u have study me well my friend..
  • #252,406
  • Sep 11, 2010 4:24pm Sep 11, 2010 4:24pm
Quoting Magix

Your chart below, showing all your holdings, not a single position positive. tsk tsk tsk...

Pic 2, is as relevant to trading cable as your trade philosophy and your trend lines.
hello

not picking sides but you're absolutely right regarding the arbitary trendlines and fibs drawn by the other guy. Cable is just bouncing off the 38.2fib (1.423 -1.599). The current fib will break after the trendline rejection last friday & will land at 1.5115. Sorry for sounding harsh, only a fool will keep on buying this obvious downtrend, no matter what account size his/her is trading.
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  • #252,407
  • Sep 11, 2010 6:45pm Sep 11, 2010 6:45pm
Quoting grashid
come on..this is public forum....let them fight..just watch n take some juice from that (if u know what i mean)
i hear you
All systems of divination, like music itself,work through patterns.
  • #252,408
  • Sep 11, 2010 9:56pm Sep 11, 2010 9:56pm
Quoting kotemamak
hello

not picking sides but you're absolutely right regarding the arbitary trendlines and fibs drawn by the other guy. Cable is just bouncing off the 38.2fib (1.423 -1.599). The current fib will break after the trendline rejection last friday & will land at 1.5115. Sorry for sounding harsh, only a fool will keep on buying this obvious downtrend, no matter what account size his/her is trading.
First off here Kote, welcome to the asylum. I appreciate your reasoning and justification through a chart, and more so appreciate your confidence and courage for being a new member in doing just this. Saying this, I may not always agree with what you say, but will back you 100% on your continued input and efforts.

For a long time this thread boiled down to picking sides. Bulls vs Bears, the popular kids vs the not so popular, and in all honesty, I refuse to get sucked into the mix. For what it is worth, I really don't care where price is headed and knowing that market will do what it wants, when it wants at its own pace, I just wanna be there when it makes a move and try to be on the right side.

I really got no issue with trend lines, but more so have issues with how people choose to use them. They draw them as lines in the sand as some sort of important relevance and will add a position with every new trend line created or broken, deepening the hurt and chance at overall account suicide. A close look at navins charts show almost exactly this. An add for every ambiguous line he could draw on the chart. Well, it doesn't take a market wiz to figure out that nav's account is about 1000 pips in the shit.

Now, what if we see a March 1st type exodus on longs and this bitch drops hard and fast come Monday? Anybody following this fool will most certainly feel the same wrath on their accounts as did those who followed other fools on March 1st.

What do I want to see...market wise, could really give a shit less if we drop back to the 1.4x area or if we climb back up to the 1.6...thread wise, I would like to see everybody with an account and ability to chart, throw in their dos centavos for all to read and ponder. Hey, maybe we learn something, maybe we teach something, all in all, if at the end of the day, we can take responsibility for our trades, wins and losses, and learn from these, we will all gain in the end.

Nav's logic. Trade your plan.

All in all, something I would 100% agree with, but, even in saying this, having a basic understanding of a trading system or market price analysis that will offer you a better than coin toss chance of winning should be the rule of thumb. After that, it's just a little money management and anybody can really step into this game and improve their odds.

Meh, it's the weekend. Gunna take some time, drink a few wobbly pops, eat myself into a carbohydrate comma and be all rested for opening bell London.

Again, welcome aboard mango. I hope you enjoy your time here with us!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,409
  • Sep 11, 2010 10:20pm Sep 11, 2010 10:20pm
Quoting Privet
http://www.youtube.com/watch?v=9FBD0...eature=related
Hello my Friend ! The Music Link sent by you is exquisite as Usual !
How are you doing - market has not been easy - I avoided it : "There are more things than Forex ?"

Wish you Pips !
  • #252,410
  • Sep 11, 2010 10:57pm Sep 11, 2010 10:57pm
Quoting nAVIN2007
nice to know there people around..thinking like this..

this is what magix doesnt understand..there is more to life than making money...so many will trade and compound the success only to die and not see it..live life making a difference is what living is..

god bless u ..
Thanks, Navin. Every post like this pointing to problems outside of the narrow confines of FF is worth 10 from Guru-corrections. Magix whom I have credited before for initiating total novices into mini-money-making secrets too is a victim of small-money-syndrome which will not help solve the Mega-problems as referred to in your Post quoting PP.

The mini-problem of making money - biggest concern of Newbies is best solved by, frankly, Copy-trading someone in whom they have developed trust by testing him out. I am firmly of the opinion that while making small money is attainable, most will not "learn" how to trade well consistently enough to make it a lifetime-profession. So what is wrong with "Copy-trading" ? There were many who used to post freely till they got "chased-away" by the flood of critical post from Gurus some of whom I feel are interested in building a following either for ego-concerns or in the worst case to outdoo Jackos amd Madoffs. I have expressed doubts on why prolific mailers could not be serious traders - it takes more than 7 hours minimum to write 100 posts ! I would consider posting straight trades by these people as more helpful to Newbies than charts of Channels and Chunnels. There is at present only one left on this Forum who posts all his trades - Entry points, SLs, TPs, MM size - evrything - Id Mubarak to him ! Newbies could benefit from following him - I wonder how many will learn from the free lessons distributed.

As to Mega-Problems : Make money and Throw it Away - the Trickle-down Effect.
  • #252,411
  • Sep 11, 2010 11:19pm Sep 11, 2010 11:19pm
Quoting vilas
Thanks, Navin. Every post like this pointing to problems outside of the narrow confines of FF is worth 10 from Guru-corrections. Magix whom I have credited before for initiating total novices into mini-money-making secrets too is a victim of small-money-syndrome which will not help solve the Mega-problems as referred to in your Post quoting PP.

[color=blue]The mini-problem of making money - biggest concern of Newbies is best solved by, frankly, Copy-trading someone in whom they have developed trust by...
LOL.

While not even being at my computer, I am sure to be able to hear the mass of new traders hitting the ignore button with your name on it.

I was wrong navin, there is one person who offers less then you do.

You're #1

WTG villas, a dubious distinction, but if your going to do something wrong, at least be the best at doing it!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,412
  • Sep 11, 2010 11:34pm Sep 11, 2010 11:34pm
Quoting Magix
LOL.

While not even being at my computer, I am sure to be able to hear the mass of new traders hitting the ignore button with your name on it.

I was wrong navin, there is one person who offers less then you do.

You're #1

WTG villas, a dubious distinction, but if your going to do something wrong, at least be the best at doing it!

I am not surprised - most medicine is bitter. I do not need other people's adulation to be happy - my trading does that for me.

BTW, if you can get msgs even when you are away from your PC, then you are driven by FF - I am not - these days not too frequent visits and only plunge into it if I think I can add to what is good for New people - older people already know.
  • #252,413
  • Sep 11, 2010 11:51pm Sep 11, 2010 11:51pm
Quoting vilas
How are you doing - market has not been easy - I avoided it :
Quoting vilas
I am not surprised - most medicine is bitter. I do not need other people's adulation to be happy - my trading does that for me.

BTW, if you can get msgs even when you are away from your PC, then you are driven by FF - I am not - these days not too frequent visits and only plunge into it if I think I can add to what is good for New people - older people already know.
Again....LOL.

It is relatively easy to figure out those who have and are having their ass handed to them by market. It starts off with your first quote.

The only way you could make an assessment that the market has not been easy, is by being in the market. You are more hindsight then Nene.

Second off, lets check this out...you have been out of market, but your trading gives you adulation? Wait, Whut? You don't trade, but your happy with your trading? Really? About the only thing this says, is that you are happy to not be trading, because at least this way you are not losing money.

Ya know...

IF ya spent a lot less time pissing and moaning, offering nothing to anybody, and a lot more time focused on what others try to offer, some day you will or well, lets got with, "possibly", be in a position to actually be able to coach and assist others.

You are a funny little man. I really can see why you would throw in with Nav. Everybody who is an underdog, will always root for the same.

But hey, the distinction still stands here villas. You are Numero uno in my books, that is again at adding Zero to the conversation, a market assessment, and most likely your ability to trade.

At least navin sets an example, albeit an example of what not to do...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,414
  • Sep 12, 2010 12:05am Sep 12, 2010 12:05am
I been a member and follower here for a while now...so far, this is the best post yet!

http://www.forexfactory.com/showthre...78#post4015778

That's good b...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,415
  • Sep 12, 2010 12:29am Sep 12, 2010 12:29am
Quoting Magix
Again....LOL.

It is relatively easy to figure out those who have and are having their ass handed to them by market. It starts off with your first quote.

The only way you could make an assessment that the market has not been easy, is by being in the market. You are more hindsight then Nene.

Second off, lets check this out...you have been out of market, but your trading gives you adulation? Wait, Whut? You don't trade, but your happy with your trading? Really? About the only thing this says, is that you are happy to not be trading, because at...
So, you have been at it at this all the time ! I came, saw something, wrote something and went off .. have completed other things I had set mind on and came back to wind off - but see your reply ! So, a few lines again - not too many.

You must have been a Roman Gladiator in previous births (if you believe in this ) - seeking Combatants all the time ! I DO NOT have the time. I have stated before that I am not a day trader -- I trade for long swings - one postion I will tell you - Long 4257 way back. Why do you have to fight every day - make a killing once in a while and it should be enough - I do not know about you but that is what suits me - I have said FX is not all for me...
BTW, today is Sunday so I am here - don't know when I will return next which will be for a short while - so I may not reply to your posts... that alters nothing - I do this for MY satisfaction not to prove that I am the Numero XXX.

I do not have to throw in with Nav or anyone......I just post what I think -- for that matter I have written on FF that it is not a reqirement that all Post have to be "useful" for others - forum are for discussion and chat with friends..........

Not thinking of answering what you may have written - it is Noon-time now - some relaxation - as I said I have finished other correspondence - lunch after that .............lots of things to do in place like Bangkok that are far more entertaining than thumping Keyboards.

So, I will take your leave. Wishing you Happiness - that is what everyone is seeking. So, Be Glad things are not worse --
  • #252,416
  • Sep 12, 2010 12:52am Sep 12, 2010 12:52am
Quoting vilas

I trade for long swings - one postion I will tell you - Long 4257 way back. Why do you have to fight every day - make a killing once in a while and it should be enough - I do not know about you but that is what suits me - I have said FX is not all for me...
Aight...so, lemme get this straight...

You bought absolute bottom of the chart....+30ish...different brokers, might be a little different on the exact numbers, but bottom of this broker shows price of 1.4227.

Okay...

So, now lets look at the top of the chart.

Assuming that you are the #1 nutter for bottom scores....I have a current top at approx 1.5994, and a current market close price of 1.5355...

Hrmmmmmmmmmmm....

You captured absolute bottom by a miss of 30 pips, but missed taking an exit by about 640....is this what you are trying to tell me?

Seriously?

How many 1k trades did you take to get this one right? How many stopped out? How many Navin trades are you holding?

Take your soap box and your bullshit someplace else. IF you are so grand as to nut bottom, why is it that you missed top by over 600?

Move along...again, you not only prove you have nothing to offer, you are now spouting lies and bullshit!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,417
  • Sep 12, 2010 1:01am Sep 12, 2010 1:01am
Quoting Magix
I been a member and follower here for a while now...so far, this is the best post yet!

http://www.forexfactory.com/showthre...78#post4015778

That's good b...
Hey Magix! I do love it when you post as you don't mince your words and always hit the nail on the head.

I couldn't resist the obvious question to Nene to which he took offense to... no surprise there, but it had to be done

Girls are up demanding pancakes... back soon buddy!
  • #252,418
  • Sep 12, 2010 1:10am Sep 12, 2010 1:10am
Quoting bbakker
Hey Magix! I do love it when you post as you don't mince your words and always hit the nail on the head.

I couldn't resist the obvious question to Nene to which he took offense to... no surprise there, but it had to be done

Girls are up demanding pancakes... back soon buddy!
Dude, only second by time of response is brother Clogs...

Donutkid and marking his words are exceptional.

This really only gets better by the day/post.

Funny, Jimbo almost makes it seem like I was the reason his son is in the hospital...if you read enough...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,419
  • Sep 12, 2010 1:57am Sep 12, 2010 1:57am
Show me your charts. :-)
  • #252,420
  • Sep 12, 2010 1:59am Sep 12, 2010 1:59am
Quoting Magix
Dude, only second by time of response is brother Clogs...
Funny, Jimbo almost makes it seem like I was the reason his son is in the hospital...if you read enough...
Magix: This is my first post. I have been watching this thread for a while now. All I want to tell you is please ignore the Clown. Not worth responding...
I am relatively new to forex (little more than 1 year), even I can separate the chaff from grain. I don't understand what people get from lying about trades in a public forum. Watching this thread for quite sometime I can tell there are many here, so called experts, lie and try to show off...Anyways, let me get my question...
This is a question for you and other experienced traders here...
As i said i have been trading over an year now and quite successful at it...I am an engineer by education and I am in my mid 20's... I make around 2-3k on an average every month (on a 20k capital). . But I am finding Forex required heck a lot of discipline, loads of screen time every day (I am a short term player) and loaaads of patience, waaay more than any other job that i know... I know I can make the same amount of money, likely way more, working as an engineer somewhere. I am sure that job won't be as hard and as depleting as forex trading... Now my question to you guys is,
Do you guys think forex is very hard and its relatively easy for "educated people (no offence, lack of a better term)" to find a job in their area?
Is forex trading suitable for older/retired people? (because can do it from home and less strain physically)
Is there anybody making tens of thousands of dollars every month by small capital like 20k? (without taking big draw downs, i am not comfortable seeing big draw downs in my account)
I think the ultimate question is, Why are you guys trading forex if you can find less stressful, better paying job??
Thanks a lot in advance for the comments.
Sorry for the language and spelling mistakes, English is not my first language..
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