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Cable Update (GBPUSD)

  • #265,021
  • Nov 23, 2010 10:37am Nov 23, 2010 10:37am
Quoting darrenware
Very True

I am great thanks....so busy at work at the moment due to christmas season so having to put trading on the back burner until the new year but still have a nosey.

I could still trade but i would lose money as i cannot dedicate a enough time to it at the moment.

Did I not see you saying you were taking a break too....lol you love it too much
I was, the moving to the new house was a lot quicker then I thought, had help from friends & I don't leave for bangkok till mid December ... so here I am

don't work too hard tho, you need to be able to enjoy your xmas! Have a good one mate
Thank You
  • #265,022
  • Nov 23, 2010 10:41am Nov 23, 2010 10:41am
Ireland: Which Country has the Greatest Exposure

http://www.kathylien.com/site/wp-con...s/calendar.png November 23, 2010

Over the weekend, the U.K. announced that they are willing to offer Ireland a direct loan of GBP7 billion. With a large budget deficit of its own and the prospect of austerity measures that is expected to dampen growth, many critics have wondered if the U.K.’s government’s proactive offer is in the country’s best interest. Unfortunately the answer is yes because U.K. banks are heavily exposed to Irish banks. As BoE Governor King pointed out last week their exposure is “by no means trivial.” While “the direct holdings of Irish sovereign debt are not especially large,” the ownership “of securities issued by Irish banks are bigger and of course there are wider exposures to assets comprising loans to the Irish economy more generally.” Of all the major countries, the U.K. has the biggest bank exposure to Ireland, followed by Germany. To prevent a banking crisis of their own, the U.K. government felt the need step up and provide support to Ireland before is too late.
The Guardian has some wonderful charts and tables detailing to exposure of various countries. It is definitely worth a look. Here is sample. Click on the image to access their full Datablog on which countries are most exposed to Ireland and who will be next




"http://www.kathylien.com/site/forex-blog/ireland-which-country-has-the-greatest-exposure"
  • #265,023
  • Nov 23, 2010 10:42am Nov 23, 2010 10:42am
Quoting wormboy
I was, the moving to the new house was a lot quicker then I thought, had help from friends & I don't leave for bangkok till mid December ... so here I am

don't work too hard tho, you need to be able to enjoy your xmas! Have a good one mate
You too mate...you probably need some new gear for the house so keep trading
Enter Signature
  • #265,024
  • Nov 23, 2010 10:44am Nov 23, 2010 10:44am
Quoting nAVIN2007
for sure..its a joke the people we see trading..gotta wonder if they even thought about what a trendline is..but u know what they are needed otherwise the game would be quite difficult

i post in here..trying to help people and still u see them clueless...makes u think nobody can help the clueless..they simply gotta find there one way..

i think im done in this thread bro!
don't worry about other people brother ..

how bout that short huh? Nicely done bro
I have strong support @5745
Thank You
  • #265,025
  • Nov 23, 2010 10:59am Nov 23, 2010 10:59am
Quoting wormboy


WormBoy may I pm you please
  • #265,026
  • Nov 23, 2010 11:08am Nov 23, 2010 11:08am
i think we are going to 1.5727
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  • #265,027
  • Nov 23, 2010 11:09am Nov 23, 2010 11:09am
Quoting wormboy
don't worry about other people brother ..

how bout that short huh? Nicely done bro
I have strong support @5745
bro this is moving so well..i thinking of making my target 1.53
we just 100 pips away from 1.57

if it break 1.57..could be a great ride south

we need a bearish monthly
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  • #265,028
  • Nov 23, 2010 11:33am Nov 23, 2010 11:33am
Quoting darrenware
Magix loves trendlines lol

This is a prime example of why i question them as you can move them to suit your bias....they have there uses though
a trendline is simply a tool to map price..and to show u visually whether it is up or down..or sideways even..

thats it..if u understand this..u wont give it more importance than just that

magix use moving averages..it does the same thing..theres no exact science for this..except that if u approach trading randomly then its random..if u use certain conditions then u take the randomness out of the equation to give yourself an edge..its that simple and think every descent trader would accept this

thought on this appreciated
  • #265,029
  • Edited 11:59am Nov 23, 2010 11:49am | Edited 11:59am
Quoting nAVIN2007
except that if u approach trading randomly then its random..if u use certain conditions then u take the randomness out of the equation to give yourself an edge..its that simple and think every descent trader would accept this

thought on this appreciated
true words imo.. personally still testing the water to see if the "edge" i believe i have found beneficial and traded consistantly over the last 4 months still holds true.. good day yesterday, but not so today.. looking to recover today as entry triggered and need to trade it regardless even though tide agaisnt looks strong on 4 hour and other TF's..

tweaks may jump out at me somehwere along the way..

thought i'd pop on the thread for 1st time today.. and for my thruppney bits worth... am of the opinion that the trader needs to be consistent in method... win lose draw.. win preferably

  • #265,030
  • Nov 23, 2010 12:18pm Nov 23, 2010 12:18pm
Quoting naboo
true words imo.. personally still testing the water to see if the "edge" i believe i have found beneficial and traded consistantly over the last 4 months still holds true.. good day yesterday, but not so today.. looking to recover today as entry triggered and need to trade it regardless even though tide agaisnt looks strong on 4 hour and other TF's..

tweaks may jump out at me somehwere along the way..

thought i'd pop on the thread for 1st time today.. and for my thruppney bits worth... am of the opinion that the trader needs to be consistent...
be lucky
  • #265,031
  • Nov 23, 2010 12:32pm Nov 23, 2010 12:32pm
Quoting nAVIN2007
be lucky
indeed...you da man
  • #265,032
  • Nov 23, 2010 3:19pm Nov 23, 2010 3:19pm
Well I talk about a breakout in my previous post and we certainly got it.I have drawn a green trendline on this chart to show you why I am thinking long from here possibly back to 1.5900 and then who knows......
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Please ask questions and share your experiences with us all!
  • #265,033
  • Nov 23, 2010 5:17pm Nov 23, 2010 5:17pm
maybe the monthly chart could spark some interest from
long term participants?

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  • #265,034
  • Edited 8:22pm Nov 23, 2010 8:10pm | Edited 8:22pm
Quoting nAVIN2007
excellent entery ace!!
Looks like yer holding from one of my earlier positions...ya got me beat there nav...

Am glad I play double lots...helps make up ground a little faster.

Still holding this biznatch, if we bust through 15m resist, I will close this...Can still scalp the north and souths from here...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,035
  • Nov 23, 2010 8:18pm Nov 23, 2010 8:18pm
Quoting darrenware
Magix loves trendlines lol

This is a prime example of why i question them as you can move them to suit your bias....they have there uses though
Don't get me wrong D...I use trend lines as a guide, both shorter term and longer term charts, they do help keep me in line. More so trade and watch them in the form of trade channels but all the same.

Where I take issue is with that scuba trader from last night. Posting a line at every new candle countering the trend. Well, even a busted clock is correct 2x per day, but for the most part, that ass was telling me to continue selling...which I did, while he was loading the boat on longs...1.5888 was his big add place....wonder who is happier at the end of the day???

It really isn't that I am against any trade method, nor do I believe one is better then another, really, I can only go by what I do and am always looking to improve. What troubles me is not the trend lines, but how people choose to use them, much like your later post, stating the same thing in jest...keep drawing them to suit your chart and particular bias.

I wonder how much of his 9000% gains got eaten away on dogshit trading and challenging the trend? I wonder why he hasn't chimed in since wormie handed his technical ass to him?

We see them come, we see them go. Fortunately, the ones with the biggest mouths and who shout from rooftops are usually the ones dealt with by a swift lesson in trend following by market and discontinue their diatribes here.

It is fun to fawk with them though...I have never seen the dude, but can imagine a vein throbbing out of his forehead after a quick little retort from me. Simpletons...

Buwahahahahahahahahahah.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,036
  • Nov 23, 2010 8:34pm Nov 23, 2010 8:34pm
Quoting Magix
Don't get me wrong D...I use trend lines as a guide, both shorter term and longer term charts, they do help keep me in line. More so trade and watch them in the form of trade channels but all the same.

Where I take issue is with that scuba trader from last night. Posting a line at every new candle countering the trend. Well, even a busted clock is correct 2x per day, but for the most part, that ass was telling me to continue selling...which I did, while he was loading the boat on longs...1.5888 was his big add place....wonder who is happier at...
LOL

BTW whats this chlorocebus aethiops of yours that Wormie's referring to?
  • #265,037
  • Nov 23, 2010 8:36pm Nov 23, 2010 8:36pm
Quoting bkg102665
Well I talk about a breakout in my previous post and we certainly got it.I have drawn a green trendline on this chart to show you why I am thinking long from here possibly back to 1.5900 and then who knows......
Let her fly or die.

From the monthly, I'm buying dips all the way
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Speculator is just a fancy word for gambler
  • #265,038
  • Nov 23, 2010 8:40pm Nov 23, 2010 8:40pm
Quoting bkg102665
Well I talk about a breakout in my previous post and we certainly got it.I have drawn a green trendline on this chart to show you why I am thinking long from here possibly back to 1.5900 and then who knows......
Same chart, looking for 50% of the last daily and fibo 61,8 % (resistance area 5880-5910)
Trade with the momentum
  • #265,039
  • Nov 23, 2010 8:49pm Nov 23, 2010 8:49pm
Quoting Eulogy
LOL

BTW whats this chlorocebus aethiops of yours that Wormie's referring to?
I equate the average traders ability to draw trend lines being as relative to price action as pictures of monkeys flinging balls of shit....

The chlorocebus aethiops is my avatar.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,040
  • Nov 23, 2010 11:19pm Nov 23, 2010 11:19pm
Quoting Magix
Where I take issue is with that scuba trader from last night. Posting a line at every new candle countering the trend...
1.5888 was his big add place....wonder who is happier at the end of the day???
Hey Magix, scuba trader? why still trolling? Listen why can't you try to understand what happened?
Magix see, I was indeed with a bull sentiment but my idea was mainly this one [here] simple and plausible. play the triangle sell @ resistance, buy @ support and let it break. Now the problem is that you got all offended when I started analysing the market to pinpoint whether or not to add more. look this one how I was trading [here]
Once that last bear trendline broke on the M5 I bought and the price went up about 70 pips if I'm not wrong. Then when it was falling back, I was posting a re-entry strategy to add more to that trade. Damn man there is nothing wrong with that. Overall those bull trades I had a 20 pip profit (I could have closed the first one way higher but well we all make bad decisions from time to time.)
Then seriously, with all you guys trolling about my trading instead of showing me for example a chart like this navin posted. I started to get distracted from my trading and for me it was hard to believe that I was wrong for so much douchebaggery (I'm really sorry if you get offended but look at your posts to me - you never ever said look this is what you're missing [for eg] without laying the scuba or the monkey or whatever more) I admit that at that time I totally disregarded the weekly chart and to be honest nobody was in the thread with the purpose of helping - just trolling.
So yeah I didn't see it and boosted another long (that last one) when it was really clear that the TL was broken.

Who is happier in the end of the day? (regarding trading)
Well I don't know cause I got quite happy with the sell-out on GBP/JPY sold at the clean H4 trendline break.


Quoting Magix
I wonder how much of his 9000% gains got eaten away on dogshit trading and challenging the trend?
Well believe me I found it one of the worst days trading on the GBP/USD pair and I totally blame it on me for being so distracted with a thread that is supposed to promote co-operation between traders. Like you said and very well in some post. confusion... confusion that one motivated by this thread. But no worries

Quoting Magix
We see them come, we see them go.
No, I've been around this website before you registered with that account. I had a previous account before that had been blocked (with no warning) due to having my mark on my charts. Going away... maybe from the FF, but not from Forex as I'm a full time trader who lives of it. I need it.

Quoting Magix
It is fun to fawk with them though...I have never seen the dude, but can imagine a vein throbbing out of his forehead after a quick little retort from me. Simpletons...
Your retort just upsets me for the lack of respect nothing more. Yet it is not enough to upset me the way you state, not even near but if you want to know what I honestly think... I think you talk like that cause you must have been one of those bullied kids at school and through the web everyone is a macho man and It must feel good to you those rants (really hero-like) I could imagine you spinning of joy on your chair after hitting the submit button saying to yourself (I'm really fucked up, I'm really funny, I'm really cool or whatever more) That's the image I have even though It might be something totally different but your posting could be more mature if you are as experienced as the vouchs say.

And please don't take me wrong, like I said before, I sincerely hope you had profited nicely from the good setups you had in mind.
I knew the moment this would start that it would drift of the thread's topic.. Its getting more like a chat and a war between you and me rather than the pair itself. Hence, not helping anyone.
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