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Cable Update (GBPUSD)

  • #256,161
  • Sep 27, 2010 6:58am Sep 27, 2010 6:58am
Quoting uksnowman
Drivel. I find it amusing that you haven't even acknowledged that you are trying to pick a top in an uptrending market. You might come out smelling of roses with your short, but I think if you keep at it, you will be smelling of something altogether quite different. I hope that you are aware of good MM principles.
If you talk about trend without mentioning TF, does that add to our body of knowledge? Different TF give us different trends, I hope you remember. If you look at the market for example from last Nov high to around last April low, and view price today, would you say we're in up or down trend?

P
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,162
  • Sep 27, 2010 6:59am Sep 27, 2010 6:59am
shorts

5816
5812
5833
5845

totally 4% risk

lets see what happen
sl 5860

today gain : +86 pips + this open trades
A little beginner trader since 2006
  • #256,163
  • Sep 27, 2010 7:04am Sep 27, 2010 7:04am
Quoting PipChick
I dont know...this 1 hour bullish hidden divergence that formed off the 23.6 would pretty much give EVERYONE a reason to enter long at the 5800/5805 area.
And, if the DX breaks 79.45,, it would give anyone a reason to stay in it long if they havent already booked about 40 pips
We're saying the same thing. My argument is against those that claimed to put a long below 5800 area.

BTW: I have always read your posts with interest, you seem to know what you're doing
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,164
  • Sep 27, 2010 7:06am Sep 27, 2010 7:06am
Quoting Precap2
We're saying the same thing. My argument is against those that claimed to put a short below 5800 area.

BTW: I have always read your posts with interest, you seem to know what you're doing
Oh, I thought you said anyone entering a long trade. Sorry, my bad
  • #256,165
  • Sep 27, 2010 7:07am Sep 27, 2010 7:07am
Quoting egkid
GL
http://www.forexfactory.com/showpost...postcount=4744

I'd love to discover any significance attaching to the 2 non-descript charts. I'm sure others would too!
  • #256,166
  • Sep 27, 2010 7:09am Sep 27, 2010 7:09am
Quoting Precap2
If you talk about trend without mentioning TF, does that add to our body of knowledge? Different TF give us different trends, I hope you remember. If you look at the market for example from last Nov high to around last April low, and view price today, would you say we're in up or down trend?

P
..good question...

by the way
Today=Monday Open= DJ up=USD strong for a while...

check my previous post as this is not the area to long......just wait for a moment for some small pullback n lock ur profit if u wanna to take it...

me i am still waiting for the right moment...good luck

my last post of this month overhere.....chow
  • #256,167
  • Sep 27, 2010 7:10am Sep 27, 2010 7:10am
Quoting Naseri13
shorts

5816
5812
5833
5845

totally 4% risk

lets see what happen
sl 5860

today gain : +86 pips + this open trades
Just out of interest the +86 pips equates to what in % ?
  • #256,168
  • Sep 27, 2010 7:17am Sep 27, 2010 7:17am
Quoting Naseri13
shorts

5816
5812
5833
5845

totally 4% risk

lets see what happen
sl 5860

today gain : +86 pips + this open trades
Pray hard its not a bull flag forming.
  • #256,169
  • Sep 27, 2010 7:25am Sep 27, 2010 7:25am
Quoting Precap2
We're saying the same thing. My argument is against those that claimed to put a long below 5800 area.

BTW: I have always read your posts with interest, you seem to know what you're doing
Don't try to dig yourself out of a hole, the trend has been up for over a week and to justify taking an intraday short based on a trend that started a year ago is just childish wordplay to justify your silly trade.

We are going up and have been for weeks, unless the H4 changes its tune any short is a high risk CT better left to guys that know what they are doing and you are obviously not one of them.

Utter rubbish precap. Anybody taking a short here is just a muppet that has no clue on what an intraday trend is.

You may look at a different pricefeed or have your monitor upside down, where do you see a downtrend to trade for today?

Why do 99% of the retailers fail in this business? Because they follow the muppets that have no clue about trading, it becomes self fullfilling.
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  • #256,170
  • Sep 27, 2010 7:33am Sep 27, 2010 7:33am
Quoting Precap2
If you talk about trend without mentioning TF, does that add to our body of knowledge? Different TF give us different trends, I hope you remember. If you look at the market for example from last Nov high to around last April low, and view price today, would you say we're in up or down trend?

P
I had no reason to mention trend since last November when you are showing an hourly chart. Agree that we should bear in mind the TF when discussing trend. However, nothing on your 1h chart made me think to look for shorts.
  • #256,171
  • Sep 27, 2010 7:36am Sep 27, 2010 7:36am
Quoting uksnowman
I had no reason to mention trend since last November when you are showing an hourly chart. Agree that we should bear in mind the TF when discussing trend. However, nothing on your 1h chart made me think to look for shorts.

Precap failed and he justifies his failure by muddling the waters and start talking about a trend on the monthly, may as well use the price of shoe leather in China to justify a short intraday.
  • #256,172
  • Sep 27, 2010 7:37am Sep 27, 2010 7:37am
I have to say, must use wikipedia for word "muppet". Never heard before... (I tried google.com, PC Translator, and slovnik.cz) but none of them give me the answer... finally wikipedia did

Quoting cloggie

Utter rubbish precap. Anybody taking a short here is just a muppet that has no clue on what an intraday trend is.

You may look at a different pricefeed...
  • #256,173
  • Sep 27, 2010 7:38am Sep 27, 2010 7:38am
Quoting cloggie
Don't try to dig yourself out of a hole, the trend has been up for over a week and to justify taking an intraday short based on a trend that started a year ago is just childish wordplay to justify your silly trade.

We are going up and have been for weeks, unless the H4 changes its tune any short is a high risk CT better left to guys that know what they are doing and you are obviously not one of them.

Utter rubbish precap. Anybody taking a short here is just a muppet that has no clue on what an intraday trend is.

You may look at a different pricefeed...
You didn't read my initial post, you just joined from middle and rant along. It's good you have the whole world following you but that hasn't proved anything about your trading ability.
If you bring along a bad mouth (or do I say a bad finger) when referring to me, then you earned yourself a nasty name. You might continue anyhow until the termites eat you down.

P
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,174
  • Sep 27, 2010 7:41am Sep 27, 2010 7:41am
Quoting Precap2
You didn't read my initial post, you just joined from middle and rant along. It's good you have the whole world following you but that hasn't proved anything about your trading ability.
If you bring along a bad mouth (or do I say a bad finger) when referring to me, then you earned yourself a nasty name. You might continue anyhow until the termites eat you down.

P

If I can keep a few noobs from following your silly calls then I have achieved what I set out to do. The LO gave us a small drop to clear the decks from the weekend and we have been going up steadily since, both es and DOW FT are rising indicating further weakness in the dollar pre NY open. A shorter would have made a handful of pips a trader following the trend would have netted 50-70 as he would have bought the dip seeing it as opportunity to follow the trend.

Readers here can draw their own conclusions, I don't really care. I am not here to win a popularity contest, quite the contrary.

Untill the equities find some resistance after the NY open I will continue buying the dips and you can go ahead and provide liquidity for those that keep it simple and follow the trend.
  • #256,175
  • Sep 27, 2010 7:44am Sep 27, 2010 7:44am
Quoting uksnowman
I had no reason to mention trend since last November when you are showing an hourly chart. Agree that we should bear in mind the TF when discussing trend. However, nothing on your 1h chart made me think to look for shorts.
I suppose you look for your trend in the TF you enter trade (if you enter on M30, that's where you also get your trend). Is that what Cloggie teaches in his private school?

P
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,176
  • Sep 27, 2010 7:46am Sep 27, 2010 7:46am
Quoting Precap2
I suppose you look for your trend in the TF you enter trade (if you enter on M30, that's where you also get your trend). Is that what Cloggie teaches in his private school?

P

Even if I would have a school, why would I teach that? That is just a noobie inexperienced way of looking at trading a trend, but then again you wouldn't know.

Now why don't you just admit that you got it wrong and move on.

Arguing with me is like mud wrestling a pig, at the end you come to realise that the pig enjoys it.
  • #256,177
  • Sep 27, 2010 7:49am Sep 27, 2010 7:49am
Quoting Precap2
I suppose you look for your trend in the TF you enter trade (if you enter on M30, that's where you also get your trend). Is that what Cloggie teaches in his private school?

P
Precap2 ,

You are smart trader and dont loose time with one of member,go fishing and relax

Everyone has diferent style,diferent view and that is normal.This is place where traders post their views and i respect every chart becouse all traders have same chance to win.

Relax guys and trade safe >

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #256,178
  • Sep 27, 2010 7:49am Sep 27, 2010 7:49am
Quoting Precap2
Is that what Cloggie teaches in his private school?

P
ewwwww really, well I for one would happily join along with I suspect the vast majority here, when you are as knowledgeable as him and can criticize without looking stupid then I will follow you NOT..........

I have noticed you like to criticize newbees to this forum in particular and seem to no regard to the fact that the vast majority are probably making considerably more $$$$$ per day trading their way than you do your way.

I know I do for one.
  • #256,179
  • Sep 27, 2010 7:50am Sep 27, 2010 7:50am
come on guy ...be cool
  • #256,180
  • Sep 27, 2010 7:52am Sep 27, 2010 7:52am
On the lighter side....I mud wrestled a pig once and won (seriously) and the pig was really pissed off. lol
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