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Cable Update (GBPUSD)

  • #263,521
  • Nov 5, 2010 8:32am Nov 5, 2010 8:32am
Guys show some respect for a great traders like GM. I have been following his calls and have to say he is dem good. Precisely razer sharp entry points with a great risk reward ration.
So take ur anger somewhere else.
C C C
  • #263,522
  • Nov 5, 2010 8:34am Nov 5, 2010 8:34am
Quoting bbmac
re my previous post, looks like scenario a. played out on the knee-jerk market reaction, then price finding support again at that current intraday lo area previously discussed.

Finishing here for day/week and a look at the current near-term 4hr t/f.

G/L and have a good w/e.
Hello,

you have really nice style of using fibo Can I ask please ? You have some books about it or can you please write me mail to :[email protected] ? I want to ask something about fibo. thanks for answer
  • #263,523
  • Nov 5, 2010 8:36am Nov 5, 2010 8:36am
Quoting bigwal
Global macro has a very good reputation, so lets not fly off the handle at him.

He wants reason. What is our reason for making the decision, you make it , you stand by it.

I took my trade based on the 61.8 fib and other factors, i am in profit with my stop above break even.

News doesnt move markets, orders do. Look for where the bulk of orders are placed.

W
true news alone don't move the market...but if you look at yesterday's action and early this morning market started discounting the 60k forecast but 150k...no...that ain't gone into the mix yet...

trade well!
Hear the music before the song is over ...
  • #263,524
  • Nov 5, 2010 8:37am Nov 5, 2010 8:37am
Quoting bonus76
Guys show some respect for a great traders like GM. I have been following his calls and have to say he is dem good. Precisely razer shard entry points with a great risk reward ration.
So take ur anger somewhere else.
C C C
I hold my hands up to the fact he is a much better trader than I.
I am sorry if I offended, however he still spoke from a MATTER OF FACT position about the direction of GBP/USD and to me that lowers my opinion of him.
Further still he did not only speak MATTER OF FACTLY but he also used that same opinion to tell others they were WRONG !!!!

therefore yet again lowering my opinion of him.
  • #263,525
  • Nov 5, 2010 8:38am Nov 5, 2010 8:38am
I not a betting man, but who thinks we will hit the highs of yesterday before the 61.8% is taken out.

Show of hands please.


Its Friday, just for fun really

W
I need to finish something i started
  • #263,526
  • Nov 5, 2010 8:39am Nov 5, 2010 8:39am
really a boring day, leave 1 pip and she move up again..,
I will be the number one Manager.
  • #263,527
  • Nov 5, 2010 8:40am Nov 5, 2010 8:40am
Quoting bonus76
Guys show some respect for a great traders like GM. I have been following his calls and have to say he is dem good. Precisely razer shard entry points with a great risk reward ration.
So take ur anger somewhere else.
C C C
I was taught from a very young age, respect has to be earned, not dished out in bucket loads........

I respect those who respect others.

Like in REAL LIFE.
  • #263,528
  • Nov 5, 2010 8:41am Nov 5, 2010 8:41am
Quoting Dayboy001
I hold my hands up to the fact he is a much better trader than I.
I am sorry if I offended, however he still spoke from a MATTER OF FACT position about the direction of GBP/USD and to me that lowers my opinion of him.
Further still he did not only speak MATTER OF FACTLY but he also used that same opinion to tell others they were WRONG !!!!

therefore yet again lowering my opinion of him.
I would appreciate if you could point to the post(s) where exactly
"I spoke MATTER OF FACTLY about the direction of GBP/USD and where I used that same opinion to tell others they were wrong"???
Hear the music before the song is over ...
  • #263,529
  • Nov 5, 2010 8:45am Nov 5, 2010 8:45am
Dayboy,

Global just asked for a reason why?

And where ?

I think he was taken back to think that because of some USD positive we were still looking at going higher.

I dont do fundi's, im a chartist.
I need to finish something i started
  • #263,530
  • Nov 5, 2010 8:49am Nov 5, 2010 8:49am
Quoting bigwal
Dayboy,

Global just asked for a reason why?

And where ?

I think he was taken back to think that because of some USD positive we were still looking at going higher.

I dont do fundi's, im a chartist.
He did not just ask for a reason he was condescending

Quoting GlobalMacro
well...if, as you say, you wrote it 1.6343 in your diary at the "Beginning" of the week, what's the point of bringing it up now at the "End" of the week when we just printed 1.6178...something to think about, eh?http://cdn.forexfactory.com/images/s...im/winking.gif
  • #263,531
  • Nov 5, 2010 8:50am Nov 5, 2010 8:50am
Enough is Enough

Global,

I am sorry if i have overstepped the mark and offended you I appoligise.

bygons and all that
  • #263,532
  • Nov 5, 2010 8:52am Nov 5, 2010 8:52am
Quoting Dayboy001
I hold my hands up to the fact he is a much better trader than I.
I am sorry if I offended, however he still spoke from a MATTER OF FACT position about the direction of GBP/USD and to me that lowers my opinion of him.
Further still he did not only speak MATTER OF FACTLY but he also used that same opinion to tell others they were WRONG !!!!

therefore yet again lowering my opinion of him.
take what you can from what people contribute
he wasnt blatantly offensive or arrogant

i actually like the way he put it, shows his conviction and confidence
he's been contributing for a long time, try not to be sensitive; instead, you could ask him to elaborate more (which he did anyways)
  • #263,533
  • Nov 5, 2010 8:54am Nov 5, 2010 8:54am
Quoting GlobalMacro
true news alone don't move the market...but if you look at yesterday's action and early this morning market started discounting the 60k forecast but 150k...no...that ain't gone into the mix yet...

trade well!
News was not as good as the headline figure suggests.

For example 61k were made up by a birth/death adjustment.

Also, a lot of the jobs were in temporary help, retail, education, health

 etc
  • #263,534
  • Edited 10:32am Nov 5, 2010 8:54am | Edited 10:32am
Ok if you want me to have a little flutter then it will move upto 1.6263 (the high at 6.30am today) and drop to the DP.

I am so confident of this i am NOT trading it

Quoting bigwal
I not a betting man, but who thinks we will hit the highs of yesterday before the 61.8% is taken out.

Show of hands please.


Its Friday, just for fun really

W
Enter Signature
  • #263,535
  • Nov 5, 2010 8:54am Nov 5, 2010 8:54am
Bloody hell, this thread is a real soap opera.
Hello.
  • #263,536
  • Nov 5, 2010 8:56am Nov 5, 2010 8:56am
we have had stalling at red arrows, why ? because of the blue box.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd last call for the top.gif Size: 27 KB
I need to finish something i started
  • #263,537
  • Nov 5, 2010 8:56am Nov 5, 2010 8:56am
Quoting darrenware
Ok if you want me to have a little flutter then it will move upto 1.623 (the high at 6.30am today) and drop to the DP.

I am so confident of this i am NOT trading it
Are we not already above that ?

Just preparing to break through the ascending trend line and move up.

next target 6268
  • #263,538
  • Nov 5, 2010 8:57am Nov 5, 2010 8:57am
Onto a different subject.

Thought some here would like to read this..

http://theeconomiccollapseblog.com/a...ederal-reserve
  • #263,539
  • Nov 5, 2010 8:57am Nov 5, 2010 8:57am
hola!
Thank You
  • #263,540
  • Nov 5, 2010 8:57am Nov 5, 2010 8:57am
Quoting emene
Bloody hell, this thread is a real soap opera.

I know! Love your avatar...!
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