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Cable Update (GBPUSD)

  • #257,981
  • Oct 1, 2010 1:41pm Oct 1, 2010 1:41pm
Quoting cloggie
We are still within the same levels I posted this morning, 5808 and 5838, both of which are key here for a further move. 5838 leads the way to 5868, however it has been protected for 3 hours and I am not going to anticipate that one. The more likely scenario to play out here is 5808 going for 5777 and the DP, I will trade them when they come along.

5838 holding nicely ... good calls again today Cloggie
  • #257,982
  • Oct 1, 2010 1:43pm Oct 1, 2010 1:43pm
Quoting Geppy
I think you're missing my point that was (in my opinion) very clear in my original post.

......

Regardless, this isn't the place to debate this topic and you see to be rehashing obvious implications and/or assumptions.
O.K. No prob. But you made no mention of using your stop loss to guide entry in the original post. I doubt many traders here even consider where a 'validated' S/L should be before entering their trade.

Second part, I though that was what this forum was for, are you suggesting it's better suited for 'Just went Long for 28 pips' type posts.
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  • #257,983
  • Oct 1, 2010 2:19pm Oct 1, 2010 2:19pm
Quoting Magix
Well, target or next period of possible resistance....

Another look at the same chart...

As price continues to move up, we would have to assume that the trend is still intact, that as long as we are above the same fast EMA that we now have a new mid support in our slow EMA...

So, looking at yesterdays line of rejection, that would be our next area of major resistance, and past that is the top of the same channel identifier, too high up to show.

Again, if we keep above fast EMA, we continue our long trend, if we fall below fast EMA, we wait...

Sorry for late response, off course it helps, your explanations always do.
Have a nice weekend all
  • #257,984
  • Oct 1, 2010 2:19pm Oct 1, 2010 2:19pm
Quoting Uphios
Second part, I though that was what this forum was for, are you suggesting it's better suited for 'Just went Long for 28 pips' type posts.
This is exactly what the forum is for, however, this thread is not. This thread is suited to Cable as the title clearly states.
check out my blog: forexmademillionaire dot com
  • #257,985
  • Oct 1, 2010 2:26pm Oct 1, 2010 2:26pm
Quoting Geppy
This is exactly what the forum is for, however, this thread is not. This thread is suited to Cable as the title clearly states.
I'm sorry. I'm struggling to put that last comment into the context of your original post, was that cable specific?
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  • #257,986
  • Oct 1, 2010 2:30pm Oct 1, 2010 2:30pm
Happy weekend alllllllll
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  • #257,987
  • Oct 1, 2010 2:32pm Oct 1, 2010 2:32pm
Quoting AllyB
5838 holding nicely ... good calls again today Cloggie
No probs, it's a pity that with all the noise and BS on this thread the trade setups that some make here get lost.

Fibre was spot on too:

Quoting cloggie

I am mainly focusing on fibre today. There I have 3731 as the next one, followed by 3768
Am getting really tired of all the trolls here. The muppets are running the asylum and 90%+ of posts here are just garbage.

Wormy and I did our usual play by play run earlier today too that was within a few pips. Trading is not hard as long as you take this business seriously.

Just a shame that the garbage here takes the fun out of calling plays and setups. Noobs that would have paid attention to what I have been trying to say in the last 2 days would have netted about 500 pips.
  • #257,988
  • Oct 1, 2010 2:36pm Oct 1, 2010 2:36pm
my swing setting...continue (EUR already stop n just play around as i did posted my view somewhere around end july/early august in my blog) but realise not GU (sorry a bit self fish..mm)

Again chart never lie...

close all my short from 1.59 yesterday at 1.57 n sorry just back from clubbing ..n just open my PC

Overall trend still bull and 1.6050-1.6190-1.6430 till end of november 2010 is what am looking for.

So this is my last analysis for this year overhere and i will stay playing around as usual to have some fun if am bored..

Buy dip for every pull back unless 1.53 broken then i should becarefull on it...

So for scalper or intra should be good oppurtunity for this pull back perhaps next week till mid of October.

Just my 2 cent..

Happy weekend all and take care

g
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  • #257,989
  • Oct 1, 2010 2:40pm Oct 1, 2010 2:40pm
Quoting chazzle
no way I was shorting this one with price above 200ema 15m
Good call. Not been down more than a couple of pips since you posted. Better than I lot of the so called calls I saw yesterday.
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  • #257,990
  • Oct 1, 2010 2:41pm Oct 1, 2010 2:41pm
Quoting Uphios
I'm sorry. I'm struggling to put that last comment into the context of your original post, was that cable specific?
Nope, but I was asked a specific question by one of the people here and I answered. There's nothing wrong with that.

But if you wish to have a continued conversation (which you're constantly forcing me to do with your endless splitting of hairs), then you should take it somewhere else (PM, new thread, etc).
check out my blog: forexmademillionaire dot com
  • #257,991
  • Oct 1, 2010 2:44pm Oct 1, 2010 2:44pm
Quoting Geppy
Nope, but I was asked a specific question by one of the people here and I answered. There's nothing wrong with that.

But if you wish to have a continued conversation (which you're constantly forcing me to do with your endless splitting of hairs), then you should take it somewhere else (PM, new thread, etc).
Happy to drop it, I did start by saying 'if you wish to discuss'.
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  • #257,992
  • Oct 1, 2010 2:45pm Oct 1, 2010 2:45pm
Quoting Uphios
Good call. Not been down more than a couple of pips since you posted. Better than I lot of the so called calls I saw yesterday.

And that is exactly the kind of posts I was referring to in my post above. See the chart above, there was a great 400+ pip short while price was above the 200 ema.

It is blanket statements like that and trolls agreeing with it that keeps 90% of the traders here from reaching any level of success in this business.

Like I said, the muppets are running the asylum and are all agreeing with each other driving down the road to failure.

What is the main reason that most retailers fail on this thread? Because they follow the loudmouth failures that keep the profitable traders from participating here.

Idiot blanket statements not to short when price is above the 200 ema would have kept you from bagging 400 pips and instead would have only netted you about 10.

Learn to trade first before agreeing with the other muppets here.
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  • #257,993
  • Oct 1, 2010 2:52pm Oct 1, 2010 2:52pm
Quoting cloggie
And that is exactly the kind of posts I was referring to in my post above. See the chart above, there was a great 200+ pip short while price was above the 200 ema.

It is blanket statements like that and trolls agreeing with it that keeps 90% of the traders here from reaching any level of success in this business.

Like I said, the muppets are running the asylum and are all agreeing with each other driving down the road to failure.
Hi, cloggie,

Hope you had a great day.

Now as you can see from your chart and that post Price has not been lower since the post.

As you say though, there are some really poor calls made here, and then some people end up by saying they were all good, and other agree. Unbelievable eh!
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  • #257,994
  • Oct 1, 2010 2:53pm Oct 1, 2010 2:53pm
Quoting cloggie
Noobs that would have paid attention to what I have been trying to say in the last 2 days would have netted about 500 pips.
I don't trade the UK open but I do place pending orders during the Asian open and succeeded is making 126 pips in the last 2 days - that is a personal best! Going to have me one great weekend and study up for the Sunday open.

Hope everyone enjoys!!!
  • #257,995
  • Oct 1, 2010 2:55pm Oct 1, 2010 2:55pm
Quoting cloggie
Done.

Today has been a very easy day to trade.

today was easy too, just rode the train, you posted yesterday, back up. Thanks
  • #257,996
  • Oct 1, 2010 2:56pm Oct 1, 2010 2:56pm
Quoting Uphios
Hi, cloggie,

Hope you had a great day.

Now as you can see from your chart and that post Price has not been lower since the post.

As you say though, there are some really poor calls made here, and then some people end up by saying they were all good, and other agree. Unbelievable eh!

The statement that you agreed with was "don't short when price is above the 200ema" and that is absolute bollocks, the reason and the level where the price stalled was stated in my post this morning, irrelevant of the 200 ema.

But you know what, I really don't give a toss and you guys can go ahead and muddle on between yourselves.
  • #257,997
  • Oct 1, 2010 3:04pm Oct 1, 2010 3:04pm
Quoting egkid
Happy weekend alllllllll
4- today close Very important i think it will g/u @ 1.5890 ,1.5825, 1.5795

Hummmm my broker said the close was 1.5833 ...

Good one egkid
  • #257,998
  • Oct 1, 2010 3:06pm Oct 1, 2010 3:06pm
Quoting cloggie
The statement that you agreed with was "don't short when price is above the 200ema" and that is absolute bollocks, the reason and the level where the price stalled was stated in my post this morning, irrelevant of the 200 ema.

But you know what, I really don't give a toss and you guys can go ahead and muddle on between yourselves.
Actually clogs, in principle I agree with you but for Him it was a valid reason to not short and you have to agree there are many different styles of trading apart from your own. In his case the reason has been validated by the subsequent action.

Rather you didn't leave them to muddle on, even I find some of your post enlightening, though we trade very differently. Often your posts validate my thinking but sometimes for a different reason, which is quite reinforcing.

Shame about your bloody short fuse though
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  • #257,999
  • Oct 1, 2010 3:13pm Oct 1, 2010 3:13pm
Market Close so, This close
A- Bullish
B- Bearish
C-Sideline till things b more clear

Pick up ur choice lol
  • #258,000
  • Oct 1, 2010 3:25pm Oct 1, 2010 3:25pm
Quoting egkid
Market Close so, This close
A- Bullish
B- Bearish
C-Sideline till things b more clear

Pick up ur choice lol
A been buying dips and will continue

Last 2 days look like shake out of weak longs ... if that is the case then up up and away.

But then again if you want an easy life with less whipsaw just buy au or eu
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