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Cable Update (GBPUSD)

  • #264,921
  • Nov 23, 2010 12:58am Nov 23, 2010 12:58am
Am guessing this might be the play for London....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,922
  • Nov 23, 2010 12:59am Nov 23, 2010 12:59am
Quoting fuse
+150 pips on this trade. I'm waiting now to see if I go can long at 1.5890. However I will definately wait for confirmation of a reversal before I go long. If no confirmation candle, I'll wait on the sidelines for now.

Hi I'm now in this trade going long from 1.5896. I have already moved my stop to break even.
  • #264,923
  • Nov 23, 2010 1:01am Nov 23, 2010 1:01am
Quoting fuse
Hi I'm now in this trade going long from 1.5896. I have already moved my stop to break even.
why have you gone long?
Thank You
  • #264,924
  • Nov 23, 2010 1:01am Nov 23, 2010 1:01am
14.6 fib in the mix there...


Attached Image
  • #264,925
  • Nov 23, 2010 1:06am Nov 23, 2010 1:06am
Quoting wormboy
why have you gone long?
My guess...

Same broker as Scuba boy...no sell button???

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,926
  • Nov 23, 2010 1:13am Nov 23, 2010 1:13am
Quoting Magix
My guess...

Same broker as Scuba boy...no sell button???

lol

I'm just trying to let the guy know indirectly a proper analysis would be nice.
all this i'm buying here selling there without at least sharing/discussing trade ideas is pretty pointless. nobody cares.

guess he's out at BE now
Thank You
  • #264,927
  • Nov 23, 2010 1:13am Nov 23, 2010 1:13am
Quoting Magix
Really, no need to argue...especially with me. Stick around a while, you will get to know why.

Best to ya on the rest of your evening Ace. Remember, in this game it is safety first...don't run with scissors, and try not to catch falling knives.
We love the MAgix! He tells it as it is! Harsh to be kind and lots of tough love!

If you gonna catch falling knives, I suggest you look at the daily and weekly demand levels for your bigger bounces and possible turning points... certainly not the h1 or lower. Better to go with the flow!
  • #264,928
  • Nov 23, 2010 1:16am Nov 23, 2010 1:16am
Quoting wormboy
If your charting is not random then I must point out that you've missed out on the descending utl from the 5th of Nov @1.63. And price is below the monthly pvp @5926. In all honesty price is pointing for a big drop.
Magix tried to warn you of this that's all.
Hi wormboy. Sorry Magix didn't warn about anything he just limits to disrespect in the way he posts but honestly I don't care either. I didn't miss that trendline wormboy I have posted it before here look.

And you mean this line (see the chart ) This line is similar to the other two that ended up being broken. I respect the long-term bull trend line more than this medium term short.

My portfolio is up and Magix.. you would wish your portfolio would be this good. I can literally get your Lazy Caye. I love trading and I take very little money from my trading account. I'm only 23 btw.

Magix, sort your attitude.. what's that all about being all offensive commenting on the way I trade and my methodology. Somebody didn't teach you good manners. I honestly hope you made profit with the fall. Good for you.
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  • #264,929
  • Nov 23, 2010 1:18am Nov 23, 2010 1:18am
Quoting z3r0
Hi wormboy. Sorry Magix didn't warn about anything he just limits to disrespect in the way he posts but honestly I don't care either. I didn't miss that trendline wormboy I have posted it before here look.

And you mean this line (see the chart ) This line is similar to the other two that ended up being broken. I respect the long-term bull trend line more than this medium term short.

My portfolio is up and Magix.. you would wish your portfolio would be this good. I...

Congrat on nice profit
  • #264,930
  • Nov 23, 2010 1:21am Nov 23, 2010 1:21am
Quoting z3r0
Magix, sort your attitude.. what's that all about being all offensive commenting on the way I trade and my methodology. Somebody didn't teach you good manners. I honestly hope you made profit with the fall. Good for you.
Is that a H&S forming at the top of your growth chart... only jesting

Keep building it up! I wish you success with your trading!
  • #264,931
  • Nov 23, 2010 1:24am Nov 23, 2010 1:24am
Quoting z3r0
Magix, sort your attitude.. what's that all about being all offensive commenting on the way I trade and my methodology. Somebody didn't teach you good manners. I honestly hope you made profit with the fall. Good for you.
It's always the pissy little micros that get all bent outa shape when they get their shit wrong.

If you don't understand how to use Moving Averages...just ask.

I have explained them to a lot of traders.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,932
  • Nov 23, 2010 1:25am Nov 23, 2010 1:25am
hi zero, thanks thought you'd missed that utl.

Quoting z3r0
And you mean this line (see the chart ) This line is similar to the other two that ended up being broken. I respect the long-term bull trend line more than this medium term short.
no actually I meAnt the monthly pivot.
but in response to the major bullish ltl you have, you might want to plot it again.
Switch to the weekly, plot the ltl from the 6th of June 2010 low @4341 to the 5th of Sept swing low @5291. The major ltl is currently failing, yesterday's rise towards 6077 stopped dead on the underside & failed the test. The drop had been a textbook breakout, retest & continuation.
Thank You
  • #264,933
  • Nov 23, 2010 1:26am Nov 23, 2010 1:26am
Quoting bbakker
Is that a H&S forming at the top of your growth chart... only jesting

Keep building it up! I wish you success with your trading!
lol, thought the same thing , nuff here for every one tho keep on keeping on .
  • #264,934
  • Nov 23, 2010 1:30am Nov 23, 2010 1:30am
Quoting bbakker
We love the MAgix! He tells it as it is! Harsh to be kind and lots of tough love!

If you gonna catch falling knives, I suggest you look at the daily and weekly demand levels for your bigger bounces and possible turning points... certainly not the h1 or lower. Better to go with the flow!
dont think it would classify as daily or weekly demand level but yesterdays low was my reason for a quickie long
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  • #264,935
  • Nov 23, 2010 1:37am Nov 23, 2010 1:37am
Quoting digger1
dont think it would classify as daily or weekly demand level but yesterdays low was my reason for a quickie long Attachment
lol... in and out like a flash... nice!

DIX is itching to get to 80! Time to get ready for work. Have a great day trading peeps! See you all soon!
  • #264,936
  • Nov 23, 2010 1:40am Nov 23, 2010 1:40am
We are all probably equally shocked with this...
Chart 1, forecast
Chart 2, current
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,937
  • Nov 23, 2010 1:44am Nov 23, 2010 1:44am
Quoting Magix
We are all probably equally shocked with this...
Chart 1, forecast
Chart 2, current
lol
  • #264,938
  • Nov 23, 2010 1:46am Nov 23, 2010 1:46am
Quoting digger1
lol
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,939
  • Nov 23, 2010 1:58am Nov 23, 2010 1:58am
looking at au m30 looks like a buy now even gu looks like a buy.
  • #264,940
  • Nov 23, 2010 2:06am Nov 23, 2010 2:06am
Support found at the top of the previous 1hr swing lo x 3 / previous 4hr swing lo zone after a further leg down in this pairing to a current daily lo of 5892 and a touch of the daily t/f rising channel / trend line bottom around that lo.

Near-term current 1hr screenshot below

G/L

http://www.easy-upload.net/fichiers/z.20101123969.gif
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