Cable Update (GBPUSD)

Does anyone agree cable may go down to 1.5300 area? or will continue bearish when the market open on monday?

all i can say nobody can predict the future.. everyone here seems bullish but anything can happen?

but i will say masterforex should show previous months prediction. is it that accurate? predicting a reversal, that's interesting

there is some part of me that agrees with u..but technically speaking using probability why the hell would any1 short..i find it amazing that people have no idea actually trade..

maybe gambling addiction..only trade a setup if u have some idea of where probability lies in yur favor

Predicting the future is impossible, right? If he were around today, W.D. Gann would beg to differ. His first prophecy is believed to have happened during World War I when he predicted the Nov 9, 1918, abdication of the Kaiser and the end of the war. Then in 1927, he wrote a book entitled "Tunnel through the Air", which many believe predicted the Japanese attack on Pearl Harbor, and the air war between the two countries.

His financial predictions were perhaps even more profound. In early 1929, he predicted that the markets would probably continue to rally on speculation and hit new highs… until early April. In his publication, The Supply and Demand Letter, he delivered daily financial forcasts focusing on both the stock and commodity markets. As this daily financial publication gained notoriety, Gann published several books - most notably "Truth", which was hailed by the Wall Street Journal as his best work. Finally, he began releasing the techniques that he used to make these forecasts: the Gann studies

What Are the Gann Studies?
In 1908, Gann discovered what he called the "market time factor", which made him one of the pioneers of Technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: Gann was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.

one of my favorite clip , Pharaohs time lol
http://www.wat.tv/video/the-mummy-pr...5d_2gaf5_.html

Figures such as these are the building blocks of the Gann studies.

GU Daily target

I see your point , The Monthly chart shows that this possible but the price need to stay under 1.66 , we can have a clear picture in the next couple of month

Everything possible ,It's all about pick up your entry and choose the right time.
Haven't see u for long , Hope all is fine
Catch u on Monday
Trade safe

I am here taking few trade on daily charts when i see any valid signal . What is going on ?

i am fully agreed with u mate...
as i say i still remember when i saw only few in bullish when we at ~53X area n people keep lough at u n keep critised my view n i asking my self why? why having war? what they want to prove? why not a healthy discussion as nobody right or wrong..just filter n review with us...that it....but i admid maybe that is to early sometime for them to conclude but we saw something...then i realise something .....its all human...norm when deal with money vs emotion...

i believe a lot of people using some indi etc..but i am only use a blind chart with only waltar aldah indi (got from Rgiit in auslonko)..that it....i kept asking why i saw this too early n not them? mm...n i hate when everytime it goes as per plan people start to get some credit bla n bla...n try to prove..oh i post/mentioned ealier then u bla bla n bla... n i admit sometime i may influence with some noisy from their view as well...mmm..this is FF..the beauty of FF...learn,contribute etc...n depend what people want...

we only left 1 week for monthly close, n i definetely cant c the bear signal yet as i even keep waiting from last 2 week that when this 2 gate going to break....still in un decison n ranging between 1.55-.157 area...that should be advantages for scalper ...

1.5820/30is a critical gate to me in order to test n welcome 1.6 area...but 1.5950 need to be clear first. n depand on this month close. So 1.5950 target is definetely positive target as per what i learn n read from my chart.

All BS fundamental just to overwrite our view as this is a sper thier plan (in fact in reality is not what happen as we hear/read)

GU remain bull after the gate of 1.5720/30 broken as so many time i mentioned n some of u as well....everytime the gate is broken, PA will make a pull back for a while where buy dip should be the play...where got people buying at resistance n selling at support....

Since i felt its safe to me to keep holding this long from 1.53 area with u b4, i would like to c the 2/3 final gate before another small reversal back to 1.535 where the area i am holding this long...

base on Daily=weekly=current monthly double bottom, i could c min 300-600 pips up where the next will be 5950 as wel as welcome 1.6 at 1.6080.

Then only i will close half of this long n waiting @ 1.6120/30 as this is another critical gate between 1.6080-1.6120/30 before continue to 1.65750 but i doubt on it yet.

So step by step until 1.5950-1.6080 reach then only i will think of some of my usual setting which is bear swing....depend on how this month close.

So i think that it my view in GU...no more post overhere for a whle as so many argument with no basis n totally lack of reading the chart skill...obviously just wanna proved something who is right or wrong n keep showing the egois n useless moral...i just play around in FF after make my own concrete post (simple n easy)back last few week..so with EU/UJ/GY..in order to me to keep checking mine vs some of people overhere as well the trader behavior. No point to keep discuss the same point as i believe we should wait n c at every gate what is the action n reaction as well as carefully concern in some fundamental which may change the whole plan....

So keep it up mate n maybe i'll be back in Nov/Dec TF...

That is why i put my signature : Chart never lie ! Make it simple & easy trade. But how to read the chart? but how many able to read their chart?

Happy weekend n u.....

Take care

g

interesting nice analysis. anw dun get me wrong... i m really not trying to say anyone is correct or wrong but seriously anything can happen

..correct..but from chart u may see something when that something could happen actually mate..believe me...

fundamental just to drive n complete the chart a sper their plan...that it

if u see ur chart is mess..then get out...mean something fishy....

me, i dun bother much fundamental as to me go to hell of that BS but it does not mean i totally ignore...just to watch out n make my own drastic change if it force me for it...

Take a look at where i predicted the intervention when people keep discussing as well the romour happen the spike in cross yesterday...why at the price i mentioned? even not exactly but almost..why? it all spell in our chart mate...believe me...

go n find ur self if u r interested in my previous post as mentioned....

Oh by the way here i my chart, later people will f*** me again with a nice word, donkey la, stupid la, talk cock la, where is u real acc la....n bla bla.....wtf...

This is my first time detail comprehensive chart analysis overhere after taking my rest for almost 6 motnth of doing this..not try to prove anything..but just to say something before taken my long leave again...that it..so we should start back bull ~ 1.5720/30-1.5770/80 it it goes back to this area..otherwise from 5800 area....just watch out

So i could be wrong as well as trend could change back to bear... n u could be right...so let c how monday open n monday close to confirm where it goes..

Happy trading Cheers n take care ya...

yea, as long as the stop loss is there, there is room for error if need to.. so u trade just with trendlines? u use e macd?

normally when u see a resistance/trend line, you wait for a clear reversal before shorting? or do u short at the point itself?

la? are u a sporean? haha

i dunno idiot wave, macd, rsi bla n bla...seriously i dunno n i dun bother n i do not want to know...my method is good enough....

simple n easy why i need to depend with all of indi..it mess mine b4...

my main system was only candelistic formation+ S/R..trendline, fib, volume just to assist me on the overall trend measurement...that it...

nope...only me n my late father is Malaysian...my mum Singaporean chinese convert to Muslim n all my sibling born overthere there...I have family in Jurong east/west, toa payoh,geylang, tempinese beside my mum n quite frequent overthere....... usually Orchard road/hotel is where my place (dun think em em ya)..i just like that place for shopping n find out my golf set....that it...ok mate..

got to go..chow

u put a macd, hence i tot u use that?

o so u malay? or are u a chinese? ok u are quite singlish. ha . ok tc

for those that like stop losses read this

for those that do not bother with stop loss ... this will not effect you lol

1st stocks and futures .. then fx..I am sure id this is applied to stocks it will come down to dx market

http://www.marketwatch.com/story/sec...sts-2010-09-24

Not only are the Chinese conspiring against the Americans with currency manipulation, now the Europeans are at it too:

http://online.wsj.com/article/SB1000...27s+News+US%29

Another way of looking at the crash problem is the lack of stop losses. Margin calls get automated and leveraged stocks are sold automatically to cover losses, causing a snowball effect.

Very much like how the financial crisis started with toxic real estate mortgages, except at breakneck automated speeds.

Lost interest on seeing the "secret european group". That kind of journalism makes the paparazzis look like Gandhi.