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Cable Update (GBPUSD)

  • #256,181
  • Sep 27, 2010 7:53am Sep 27, 2010 7:53am
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...
I just remembered to put your nice words in BOLD, that simply says something about your personality. You're either a bundle of inferiority or you're learning a new language. But I think the former applies more than the later.
I man/woman who's confident of him- or herself would never use such language to address someone for any reason, and more when the person was not referring to him/her.

P
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #256,182
  • Sep 27, 2010 7:53am Sep 27, 2010 7:53am
Quoting PipChick
On the lighter side....I mud wrestled a pig once and won (seriously) and the pig was really pissed off. lol

Post of the day!!
  • #256,183
  • Sep 27, 2010 7:54am Sep 27, 2010 7:54am
Quoting Delite
Post of the day!!
And the truth!! LOL
  • #256,184
  • Sep 27, 2010 7:55am Sep 27, 2010 7:55am
Quoting Precap2
I just remembered to put your nice words in BOLD, that simply says something about your personality. You're either a bundle of inferiority or you're learning a new language. But I think the former applies more than the later.
I man/woman who's confident of him- or herself would never use such language to address someone for any reason, and more when the person was not referring to him/her.

P

I said, Anybody shorting is a muppet, but if you take that personally then that is your prerogative. I just had a go at you for justifying an intraday short based on a monthly chart.
  • #256,185
  • Sep 27, 2010 7:56am Sep 27, 2010 7:56am
Quoting Fudomyo
Specifically, we've been in the uptrend since June 11th, and the Aug 9th pullback completed on Sept 6th, with the upmove commencing Sept 14th.

Haven't seen anything bearish since then.

Neither have I. As a matter of fact, I calculated the H1 extension as 6112, we'll see.
  • #256,186
  • Sep 27, 2010 7:58am Sep 27, 2010 7:58am
She broken the long term TL but she's meet by the top of the channel resistance. I don't think this is a clean and continued break, its likely she will move back into the long term TL.

Sell 1.5840 SL.. 1.5880.. 1.5740
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 124 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #256,187
  • Sep 27, 2010 8:00am Sep 27, 2010 8:00am
PipChick is a muppet..lol..I shorted last night in early asia for 27 pips. Shorted to the 23.6 fib retracement of the last upmove due to the h4 bearish divergence and the candle formation. Was thinking the h1 /m15 would form a bull flag and form bullish hidden divergence before the price continued up. (just a pattern I have noticed over the last 7 yrs of trading) Took profits at the 23.6 when the h1 formed bullish hidden divergence. Hate being a muppet!!!
  • #256,188
  • Sep 27, 2010 8:00am Sep 27, 2010 8:00am
market will hit 1.5878...
  • #256,189
  • Sep 27, 2010 8:00am Sep 27, 2010 8:00am
Quoting cloggie
I said, Anybody shorting is a muppet, but if you take that personally then that is your prerogative. I just had a go at you for justifying an intraday short based on a monthly chart.
Ok, I'm a muppet!
Enter Signature
  • #256,190
  • Sep 27, 2010 8:01am Sep 27, 2010 8:01am
Quoting vosterfxandy
Ok, I'm a muppet!
LOL
  • #256,191
  • Sep 27, 2010 8:02am Sep 27, 2010 8:02am
Quoting t4ufik
market will hit 1.5878...
yah, most likely.
Enter Signature
  • #256,192
  • Sep 27, 2010 8:03am Sep 27, 2010 8:03am
Quoting PipChick
PipChick is a muppet..lol..I shorted last night in early asia for 27 pips. Shorted to the 23.6 fib retracement of the last upmove due to the h4 bearish divergence and the candle formation. Was thinking the h1 /m15 would form a bull flag and form bullish hidden divergence before the price continued up. (just a pattern I have noticed over the last 7 yrs of trading) Took profits at the 23.6 when the h1 formed bullish hidden divergence. Hate being a muppet!!!

Yeah, but Asia usually gives us a retrace so that is a setup in itself especially with an open below the DP.
  • #256,193
  • Sep 27, 2010 8:04am Sep 27, 2010 8:04am
Quoting vosterfxandy
Ok, I'm a muppet!

Why fight the trend? es and DOW still up. Gold just broke 1300 and oil is up. Where is the short? Cable and Fibre are not going to go down until those 4 stop rising.
  • #256,194
  • Sep 27, 2010 8:05am Sep 27, 2010 8:05am
Hi All

Yes another newbie as joined Looking forward to learning to trade from all the experianced traders on here while I demo trade for the next 6 months.

Hopefully I can add to the discussions

Darren
Enter Signature
  • #256,195
  • Sep 27, 2010 8:05am Sep 27, 2010 8:05am
Quoting PipChick
PipChick is a muppet..lol..I shorted last night in early asia for 27 pips. Shorted to the 23.6 fib retracement of the last upmove due to the h4 bearish divergence and the candle formation. Was thinking the h1 /m15 would form a bull flag and form bullish hidden divergence before the price continued up. (just a pattern I have noticed over the last 7 yrs of trading) Took profits at the 23.6 when the h1 formed bullish hidden divergence. Hate being a muppet!!!
I was wondering why u called urself a muppet? As long as ur a happy muppet collecting pips is all it matters
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #256,196
  • Sep 27, 2010 8:06am Sep 27, 2010 8:06am
5886 will complete the h4 AB=CD target.
But there is some resistance at 5878
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 23 KB
  • #256,197
  • Sep 27, 2010 8:08am Sep 27, 2010 8:08am
Quoting PipChick
LOL
crap, stopped out.
Enter Signature
  • #256,198
  • Sep 27, 2010 8:09am Sep 27, 2010 8:09am
Quoting Fudomyo
I've been countertrading my swing position on the pullbacks so I'm a muppet too.

don't worry though... Mr T's got our back. ...lol
Kermit!!!
Enter Signature
  • #256,199
  • Sep 27, 2010 8:09am Sep 27, 2010 8:09am
The 2 x breakouts out of the previous 1hr Hi at 5843 have then found support at the previous 1hr swing hi x3 zone that formed around this high and that was breeched to the upside...this zone being potential rbs...Former 1hr descending trend liune therebaouts following it's breech to the upside.

Clearly some supply left inside this previous daily t/f swing lo = previous support = potential sbr zone extending up to 5876.

G/L
Attached Image
ex member
  • #256,200
  • Sep 27, 2010 8:09am Sep 27, 2010 8:09am
Quoting vosterfxandy
crap, stopped out.

Sit back for a minute and ask yourself what is driving this and what that driver needs to show you before you can take a decent short.
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