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Cable Update (GBPUSD)

  • #259,301
  • Oct 7, 2010 4:12am Oct 7, 2010 4:12am
Quoting trending
Yesterday it took about 2 hours to kill a butterfly. Reckon the same case today until news.
if u shorted this..then i think that person would be stressed
I have a feeling we are in a new range..and price believe it or not it basing here to prepare for 1.62 (i aint sure about the range 1.60 could be blow away)

lets see what the mofo wants to do
  • #259,302
  • Oct 7, 2010 4:12am Oct 7, 2010 4:12am
On closer inspection. Its a crab.
Attached Image
  • #259,303
  • Oct 7, 2010 4:14am Oct 7, 2010 4:14am
Quoting iqyu5an
and... the 4H close right at last week high with solid body candle ( 4 H )

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=725

With the bullish manufact data coming out signaling improving econ health, good chance the BOE will probably NOT extend QE2............pushing GU higher

what do you all think?
  • #259,304
  • Oct 7, 2010 4:16am Oct 7, 2010 4:16am
Quoting joemiami
With the bullish manufact data coming out signaling improving econ health, the BOE will probably NOT extend QE2............pushing GU higher

what do you all think?

What does GBP manufacture? Probably nothing important to decision making.
  • #259,305
  • Oct 7, 2010 4:19am Oct 7, 2010 4:19am
in my stupid opinion : we just close right at "the top of next support"..........

yess time will tell...

rgds,iqyu

still holding various long position since 53xx and 58xx ...

Quoting joemiami
With the bullish manufact data coming out signaling improving econ health, good chance the BOE will probably NOT extend QE2............pushing GU higher

what do you all think?
not euphoria follower
  • #259,306
  • Oct 7, 2010 4:20am Oct 7, 2010 4:20am
Quoting trending
What does GBP manufacture? Probably nothing important to decision making.
Love ya question......
Enter Signature
  • #259,307
  • Oct 7, 2010 4:20am Oct 7, 2010 4:20am
Quoting joemiami
With the bullish manufact data coming out signaling improving econ health, the BOE will probably NOT extend QE2............pushing GU higher

what do you all think?

The higher probability is that your assumption above is correct, certainly at this meetinng-decision at 12pm London later,...They will also probably want to digest Q3 GDP data before any such decision. Should be an interesting meeting though presently after the Sentance/Posen musings recently.

Anything can happen though, I just react if any high - prob trading opportunities result from market reaction...trying to predict it is a fool's game, as I am sure you know.

G/L
ex member
  • #259,308
  • Edited 4:47am Oct 7, 2010 4:20am | Edited 4:47am
Quoting WanderingDan
Firstly, you have really made me smile.

I have not been caught, in fact, I have posted one loss in 3 months and that was because i am trading one click and I hit it by mistake.

This may be hard to believe. But I will explain how I manage this.

I don't care what the forecasts, charts, analysts and gamblers have to say.

As you suggest, i go with what i see.

I take positions and believe in them. I then hold - as I did with cable yesterday - waiting for them to come in.

In the end, they always do.

Of course, that would not happen if I...
absolutely 100% agree with u..this is why i trade long term cause i simply cannot be sure what the hell will happen..the only method to this whole madness is have a edge stick to it and stay with yur conviction..

my whole edge rely on seeing major area of support and resistance..ad taking only the best setups
  • #259,309
  • Oct 7, 2010 4:21am Oct 7, 2010 4:21am
Quoting basitata
Love ya question......
we are world leaders in widgets
ex member
  • #259,310
  • Oct 7, 2010 4:22am Oct 7, 2010 4:22am
Quoting nAVIN2007
trading chart information is a complex thing to understand for some..as a trader u dont rely on what u think..u go with what u see..u simply cannot ignore a trend..

we are in uptrend on monthly..so trader will look at dips, buy area..if u look at the 1hr chart, u saw huge buy candle do the complete range..above the high of that candle ud have buy triggers and stop loss hit..the huge movement up is simply stop loss triggered

this is why now the price is falling slightly..some of u dont know the simply dynamics of market movemnt and end up being...



What you say about trend is true but sometimes the difference comes in what time frame you are looking at.

A scalper shorting this thing might be in the money at the moment so would a longer term bull who bought at 1.5770 targeting 1.627
Mind over matter..I don't mind and you don't matter.
  • #259,311
  • Oct 7, 2010 4:25am Oct 7, 2010 4:25am
Quoting bbmac
we are world leaders in widgets
LOL
  • #259,312
  • Oct 7, 2010 4:26am Oct 7, 2010 4:26am
Quoting WanderingDan


I went long GBP/CAD from it's low - The short cable from 5930 + - Then short EUR/USD from it's day high - then short EUR/GBP also from it's day high = Every one of those positions have come home to roost and i have not looked at trend line once. :-)

I am intrigued! I love hearing about people's experiences on the floor and what the guys are actually using to trade. What t/f do you look at on your chart? How can you be confident that you are seeing the high/low of the day/session when in a strong trend either way? Tell us more...!
  • #259,313
  • Oct 7, 2010 4:27am Oct 7, 2010 4:27am
I'm short but watching how H4 plays out, hoping for some pull back..a 100 would be nice

Things might get clearer after rate decision

Attached Image (click to enlarge)
Click to Enlarge Name: gu.GIF Size: 15 KB
Mind over matter..I don't mind and you don't matter.
  • #259,314
  • Oct 7, 2010 4:31am Oct 7, 2010 4:31am


Quoting iqyu5an
in my stupid opinion : we just close right at "the top of next support"..........

yess time will tell...

rgds,iqyu

still holding various long position since 53xx and 58xx ...
not euphoria follower
  • #259,315
  • Oct 7, 2010 4:32am Oct 7, 2010 4:32am
Quoting JuliusCeasar
What you say about trend is true but sometimes the difference comes in what time frame you are looking at.

A scalper shorting this thing might be in the money at the moment so would a longer term bull who bought at 1.5770 targeting 1.627
as a trader u need discipline ..look at major trend..take signals in accordance to major trend..if u dont then u really ned to know what your doing.

i know what im doing i think..but i aint that brave to put my money on it..forum traders will lack discipline and therefore go counter and get smashed to smitherines..and say "market is easy money - like taking candy from a baby"

trading isnt easy..looks simple but i feel it takes a special mind to extract opportunity from this hell hole
  • #259,316
  • Oct 7, 2010 4:34am Oct 7, 2010 4:34am
Quoting Delite
I am intrigued! I love hearing about people's experiences on the floor and what the guys are actually using to trade. What t/f do you look at on your chart? How can you be confident that you are seeing the high/low of the day/session when in a strong trend either way? Tell us more...!
As soon as I finish trading mate. :-)

Little buys at the mo, just sold cable at 5939 looking for 20 pips
Dan TheMan
  • #259,317
  • Oct 7, 2010 4:36am Oct 7, 2010 4:36am
Im tempted to take a short now
  • #259,318
  • Oct 7, 2010 4:36am Oct 7, 2010 4:36am
Hi bro, how you doing...

don`t worry about these messages... maybe I am wrong but...

this member for 1`st day joining forexfactory community make:
- almost 80 post first day
- filled 100% his profil (dont saying it is impossible, but first day...come on!)
- already added almost 20 buddy`s first day


don`t say he is not good as forex trader but this makes me feeling strange



Quoting Delite
I am intrigued! I love hearing about people's experiences on the floor and what the guys are actually using to trade. What t/f do you look at on your chart? How can you be confident that you are seeing the high/low of the day/session when in a strong trend either way? Tell us more...!
  • #259,319
  • Oct 7, 2010 4:41am Oct 7, 2010 4:41am
Quoting WanderingDan
Speculators and traders of cash, don't care about the charts....

They never have never and they never will.
How can we here access the information speculators and floor tradersbase their activities on. In other words: what's the alternative to charts? News?
  • #259,320
  • Oct 7, 2010 4:43am Oct 7, 2010 4:43am
Quoting WanderingDan
I went long GBP/CAD from it's low - The short cable from 5930 + - Then short EUR/USD from it's day high - then short EUR/GBP also from it's day high = Every one of those positions have come home to roost and i have not looked at trend line once. :-)
hmmm, there lies a problem with not looking at a chart at all. you're bound to just guess instead of properly trading. funny how you only mention your winners, especially on euro when you are carrying drawdowns.

Quoting WanderingDan
I am shorting the EURO on EUR/USD plus EUR/GBP in a big way.
Looking for 1.3520 and 0.83215 respectively.
The Euro is overvalued above those figures.
I am patient, I can wait.
The further it goes beyond, the heavier I load. Every 30 pips gets another short.
Current potential loss roughly 36,000 on thos positions.
If they come in as expected, the gains will be in the same region.
You do tell a good story dan, but I'm afraid I'll have to ignore you now because think you're full of it.
If you can't trade & make money based on charts, there's no reason others can't & won't. I can humbly prove you wrong ten times over if you stop talking about your years & years & years of experience. Some of us can well judge a person without being told.

Seriously, if I was a newbie, I'd take cloggie's barking instead of this story teller. The lot of you managed to push out cloggs and will settle for this?
lol, your loss.
Thank You
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