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Cable Update (GBPUSD)

  • #263,381
  • Nov 4, 2010 12:06pm Nov 4, 2010 12:06pm
Possible bounce off the 0.382 Fib level back up to 1.6300.

GBP/USD M5 (01/11-05/11)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp2.png Size: 170 KB
  • #263,382
  • Nov 4, 2010 12:21pm Nov 4, 2010 12:21pm
Quoting fosking
Possible bounce off the 0.382 Fib level back up to 1.6300.

GBP/USD M5 (01/11-05/11)
Attachment

e 61fib looks better. previous high as support, near round number
  • #263,383
  • Nov 4, 2010 12:25pm Nov 4, 2010 12:25pm
Quoting cloggie
4190, but only if 4221 gives.

Lots of consolidation around 4221 on yooro, am not taking any longer trades yet from here. 4221 will keep Cable from going anywhere anytime soon also.

Cable is forming a range from 6235-6265 and has some short term scalps within it and a trade on the break, nothing really to write home about.

See you guys in the morning, trade safe, don't jump the gun.
  • #263,384
  • Nov 4, 2010 12:32pm Nov 4, 2010 12:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.jpg Size: 46 KB
  • #263,385
  • Nov 4, 2010 1:01pm Nov 4, 2010 1:01pm
Quoting cloggie
4190, but only if 4221 gives.

That's why I hate retraces, they take forever. We got there in the end.

Next 4160, am not trading it though, too boring for my liking.
  • #263,386
  • Nov 4, 2010 1:03pm Nov 4, 2010 1:03pm
Quoting cloggie

Cable is forming a range from 6235-6265

Still valid.
  • #263,387
  • Nov 4, 2010 1:04pm Nov 4, 2010 1:04pm
Quoting cloggie
That's why I hate retraces, they take forever. We got there in the end.

Next 4160, am not trading it though, too boring for my liking.
Hi Cloggie what is the levels that EURUSD will bounce back?
  • #263,388
  • Nov 4, 2010 1:09pm Nov 4, 2010 1:09pm
4144 looks nice, if we get there.

Quoting willkohsg
Hi Cloggie what is the levels that EURUSD will bounce back?
Hello.
  • #263,389
  • Nov 4, 2010 1:14pm Nov 4, 2010 1:14pm
Quoting emene
4144 looks nice, if we get there.

Don't get too eager, let's get past 4190 first. That's why I am not trading it, this is one of those low probability setups and I only take the ones that I have full confidence in. You don't need to trade every pip. I got my 70 from the top so I am flat all now.

I really am going to go, dinner time.
  • #263,390
  • Nov 4, 2010 1:46pm Nov 4, 2010 1:46pm
Quoting fosking
Possible bounce off the 0.382 Fib level back up to 1.6300.

GBP/USD M5 (01/11-05/11)
Attachment
Ran up to weekly R2 just ahead of 1.6300. 1.6300 still possible from here!

GBP/USD M5 (01/11-05/11)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp3.png Size: 172 KB
  • #263,391
  • Nov 4, 2010 1:56pm Nov 4, 2010 1:56pm
Quoting willkohsg
EURUSD bounced off that daily R1 4187,
needs to get past 4221 now..
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 74 KB
  • #263,392
  • Nov 4, 2010 1:59pm Nov 4, 2010 1:59pm
I don't think 4221 will be broken.

It's funny. I've known that EU and GU are obviously related, but I've not used it as a trigger for GU movement before.

So as 4221 is rejected, hopefully 4190 is broken so we can buy cheaper EU or GU.

I'm flat at this stage. Still got "work" to do.
A pip is only worth it if you know how much you risked to earn it
  • #263,393
  • Nov 4, 2010 2:21pm Nov 4, 2010 2:21pm
bloody hell 6300 is taking forever
Thank You
  • #263,394
  • Nov 4, 2010 3:19pm Nov 4, 2010 3:19pm
Yeah, it's like watching paint dry. Or waiting for the end of a Celine Dion concert you've been dragged to by your girlfriend.

Quoting wormboy
bloody hell 6300 is taking forever
Hello.
  • #263,395
  • Nov 4, 2010 3:26pm Nov 4, 2010 3:26pm
Quoting cloggie
42816 is your magic number (4221 is the next retrace/consolidation target), I posted it a few hours ago here. Nothing is telling me yet we are reversing.

Since you have such a good soul and you are such a good man,
please enlighten us how you came up with this number. Or do you want to keep your secret and keep posting the levels yourself so that you feel powerful...

For once i wish someone in FF would teach and show fellow traders..
Or are we just muppets to you?
  • #263,396
  • Nov 4, 2010 3:38pm Nov 4, 2010 3:38pm
Well, he does teach a lot. I took me all night to figure out the magic numbers. In fact it seems logical. The only thing is, you need to watch the entire 6 seasons of LOST to find them. They're somewhere in there.


Quoting PIP Lover
Since you have such a good soul and you are such a good man,
please enlighten us how you came up with this number. Or do you want to keep your secret and keep posting the levels yourself so that you feel powerful...

For once i wish someone in FF would teach and show fellow traders..
Or are we just muppets to you?
Hello.
  • #263,397
  • Nov 4, 2010 3:41pm Nov 4, 2010 3:41pm
Quoting PIP Lover

For once i wish someone in FF would teach and show fellow traders..
If it's instruction you need, there's plenty of it everywhere.

Sometimes I think experience alone can be an edge, so just have some patience.
  • #263,398
  • Nov 4, 2010 3:43pm Nov 4, 2010 3:43pm
Quoting PIP Lover
Since you have such a good soul and you are such a good man,
please enlighten us how you came up with this number. Or do you want to keep your secret and keep posting the levels yourself so that you feel powerful...

For once i wish someone in FF would teach and show fellow traders..
Or are we just muppets to you?

I remember you, you have been on my muppet list for months when we had a run in in your own thread and you wouldn't listen then with disastrous results:

Quoting PIP Lover
Hi Hater (I mean Cloggie)

Yes my stop was hit for -2330 pips ...
Anyone who lets his trades rundown 2330 pips and will not listen to any reasoning and not just by me is unteachable.

For those that care and pay attention there is plenty here to learn and not just from me, however this is a trading thread.

You are just a liquidity provider, but do I care, no guys like you are just part of the entertainment here.

Quoting PIP Lover
A few points:

1) I am not a noob. Been trading for nearly 3 years.
Really? Could have fooled me.

Quoting PIP Lover

5) I dont see you making calls and trading..
Now that is funny.
  • #263,399
  • Nov 4, 2010 3:51pm Nov 4, 2010 3:51pm
Quoting PIP Lover
Since you have such a good soul and you are such a good man,
please enlighten us how you came up with this number. Or do you want to keep your secret and keep posting the levels yourself so that you feel powerful...

For once i wish someone in FF would teach and show fellow traders..
Or are we just muppets to you?

Hang on. Have you actually read any of Cloggie's replies? If you have, then why do you not think this constitutes teaching?
  • #263,400
  • Nov 4, 2010 3:53pm Nov 4, 2010 3:53pm
Quoting Delite
Hang on. Have you actually read any of Cloggie's replies? If you have, then why do you not think this constitutes as teaching?

Don't feed the troll, it is very typical: the failures keep wanting to drag the rest down with them.

Well I have had my day's dose of entertainment, see you guys in the morning.

-2330 pips must be up there with the worst on FF.

The guy will need to do some groveling if he expects any help from me.
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