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Cable Update (GBPUSD)

  • #263,321
  • Nov 4, 2010 9:12am Nov 4, 2010 9:12am
Quoting fourxtrader
The 1H trend continuation. We'll see what NFP brings.

Dr. D.

Provided the EMAs remain separated, the 15M trend compression
pattern has continued from 120 pips on up to 260+ pips extending
the 1H C-pattern / trend from 350 pips further to 500+ pips.

Dr. D.
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  • #263,322
  • Nov 4, 2010 9:14am Nov 4, 2010 9:14am
This weekly 78.6 may hold the price.
Attached Image (click to enlarge)
Click to Enlarge Name: GU weekly.gif Size: 19 KB
  • #263,323
  • Nov 4, 2010 9:14am Nov 4, 2010 9:14am
1.6323 is beginning too look really close now

May have taken a while............... but all the best things go to those who wait
  • #263,324
  • Nov 4, 2010 9:17am Nov 4, 2010 9:17am
Quoting kuroro001
haha yeh...babypips.com is a good way to start!

I am glad I was wrong though, yesterday I got accused of practising black magic.

Quoting emene
OMG this is black magic. http://cdn.forexfactory.com/images/s...m/surprise.gif
Thanks for the link, I will read through it to see if I can finally figure out this trading malarkey.

How hard can it really be, when price goes up buy, when price goes down sell. When price does nothing read a book or fill this thread with BS. I am getting really good at least with the latter.

I am on my best behaviour though, I have only called about a dozen people muppets this week.
  • #263,325
  • Nov 4, 2010 9:21am Nov 4, 2010 9:21am
Quoting cloggie
Cr@p I was 1/2 pip out on that one, need to work on that, just unacceptable. I will never make any money this way.....
better than me mate, i missed the 6300 by a whole 2 pips. we're never gonna make it big
Thank You
  • #263,326
  • Nov 4, 2010 9:22am Nov 4, 2010 9:22am
Haha, yeah, that was me

Although as I wrote earlier today, after a good night of work, I see clearer and don't think it is black magic anymore.

Actually I almost fainted when I saw my targets reached almost to the pip today. This is quite disturbing. This was demo, I guess it needs to be confessed.

I see 1.6311 as next area of interest on the upside after an healthy retracement around your 1.6235.

Quoting cloggie
I am glad I was wrong though, yesterday I got accused of practising black magic.
Hello.
  • #263,327
  • Nov 4, 2010 9:22am Nov 4, 2010 9:22am
Quoting wormboy
better than me mate, i missed the 6300 by a whole 2 pips. we're never gonna make it big

We'd both better be of to that pipsybaby site then, wonder if they have booze over there.
  • #263,328
  • Nov 4, 2010 9:24am Nov 4, 2010 9:24am
I've been holding long on the GBP/USD for some time.

hrmm, I may have to take some parts of TP soon.
  • #263,329
  • Nov 4, 2010 9:29am Nov 4, 2010 9:29am
Quoting emene
I see clearer and don't think it is black magic anymore.

Voodoo dolls, voodoo dolls, that's all there is to it, no rational behaviour at all in price.
  • #263,330
  • Nov 4, 2010 9:31am Nov 4, 2010 9:31am
Yeah, the dollar doll got loads of needles in it.

Quoting cloggie
Voodoo dolls, voodoo dolls, that's all there is to it, no rational behaviour at all in price.
Hello.
  • #263,331
  • Nov 4, 2010 9:31am Nov 4, 2010 9:31am
Quoting cloggie
We'd both better be of to that pipsybaby site then, wonder if they have booze over there.
Only Lemonade afraid Cloggie.....

Not allowed to serve booze, few are old enough
  • #263,332
  • Nov 4, 2010 9:35am Nov 4, 2010 9:35am
Quoting AdrianHNV
few are old enough

I'll feel right at home then, on most days the average age here is about 12 going by the posts.
  • #263,333
  • Nov 4, 2010 9:38am Nov 4, 2010 9:38am
Please where are we expecting a reversal?
  • #263,334
  • Nov 4, 2010 9:39am Nov 4, 2010 9:39am
Quoting survive
Please where are we expecting a reversal?

Let me guess, your shorts are under water and you have added to them? In that case right about where you will get a margin call because that is how the market teaches you a lesson.
  • #263,335
  • Nov 4, 2010 9:40am Nov 4, 2010 9:40am
Quoting cloggie
I'll feel right at home then, on most days the average age here is about 12 going by the posts.
bahahahahahaha
Thank You
  • #263,336
  • Nov 4, 2010 9:41am Nov 4, 2010 9:41am
Quoting wormboy
bahahahahahaha


  • #263,337
  • Nov 4, 2010 9:43am Nov 4, 2010 9:43am
Quoting cloggie
Let me guess, your shorts are under water and you have added to them? In that case right about where you will get a margin call because that is how the market teaches you a lesson.
How can you possibly know that? The poster sounded like an astute trend trader to me, someone who keeps adding to their longs as key tech levels are broken on the way up.
  • #263,338
  • Nov 4, 2010 9:43am Nov 4, 2010 9:43am
Quoting cloggie
Let me guess, your shorts are under water and you have added to them? In that case right about where you will get a margin call because that is how the market teaches you a lesson.
You must trully be a wizard then....How the hell did you get to know... I pray NFP takes it down so I can cut my lossess.....Lesson learned the hard way.
  • #263,339
  • Nov 4, 2010 9:45am Nov 4, 2010 9:45am
Quoting survive
You must trully be a wizard then....How the hell did you get to know... I pray NFP takes it down so I can cut my lossess.....Lesson learned the hard way.
Guess you were right all along, Cloggie! Who'd have thought, eh?
  • #263,340
  • Nov 4, 2010 9:46am Nov 4, 2010 9:46am
Quoting survive
You must trully be a wizard then....How the hell did you get to know... I pray NFP takes it down so I can cut my lossess.....Lesson learned the hard way.

Not a wizard but like most who finally reach the top of the mountain I have fallen of plenty of times when I first started, I cut my teeth on stocks.

Very few people are born natural traders however also very few take responsibility and put the time and effort in to become one.


All depending on where you got your shorts going, but I don't expect much of a retrace before 6350 and 6600
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