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Cable Update (GBPUSD)

  • #270,021
  • Jan 26, 2011 1:22am Jan 26, 2011 1:22am
Quoting Cobby
Matlock and veer2010... please keep your thought's to yourself...

this thread is a great source of information in what ever format it comes
and all traders views should be accepted...

whether they are right or wrong or other...

you're better than that
  • #270,022
  • Jan 26, 2011 1:26am Jan 26, 2011 1:26am
Quoting TauTrader
Howzit Tau, hoe gaan dit in die Kaap?
May the forex be with you |
  • #270,023
  • Jan 26, 2011 1:32am Jan 26, 2011 1:32am
Quoting FXFundi
Howzit Tau, hoe gaan dit in die Kaap?
Good day to you,

Vrek warm.(Extremely hot)

The winelands are pretty as ever. Reluctantly getting back to normal routine. Going out for a meeting - see later.

Groetnis ( go well)
  • #270,024
  • Jan 26, 2011 1:34am Jan 26, 2011 1:34am
Hopeful to push through 5750...
Attached Image (click to enlarge)
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  • #270,025
  • Jan 26, 2011 1:37am Jan 26, 2011 1:37am
Attached Image
May the forex be with you |
  • #270,026
  • Jan 26, 2011 1:41am Jan 26, 2011 1:41am
Quoting matlock
Abu, please, don't post these ALMOST useless reports. Some days ago you expected GU to go up, now down. Your analysis don't see reversals.

Green pips to you as well.
I actually like his reports, they are methodical and well thought out. They might not always be right, but neither is anyone else.
  • #270,027
  • Jan 26, 2011 1:44am Jan 26, 2011 1:44am
Quoting Abu-Rami
that's mean you are a swing trader, the report is very clear for intra-day traders and for the short term Max. 3 day's...

PS: you don't have the right to ask me to stop posting, unless this is against ForecFactory policies, which not.
Abu has a point, its not fair to ask him to stop posting because you believe he is wrong. Using your logic, the first time anyone here is wrong they should stop posting? If that were the case this forum would be dead.
  • #270,028
  • Jan 26, 2011 1:44am Jan 26, 2011 1:44am
"Originally Posted by Cobby
Matlock and veer2010... please keep your thought's to yourself...

this thread is a great source of information in what ever format it comes
and all traders views should be accepted...

whether they are right or wrong or other...

you're better than that"

I just told people to be cautious. Of course I accept his point of view as well but as I know his method how he does his analysis and predictions, it doesn't spot reversals - like right shoulder of H&S formation formed since August and psychological level of 1.6000 - and doesn't care about fundies - like GDP data which was quite predictable. If you're posting such an analysis, you should ALWAYS give the reasons that people could even understand what is analysis based on. But NEVER listen what people say but always do your own analysis.

Don't really take everything people say in to your heart. Magix tried to shatter me about my analysis the other day, but I didn't care .

Of course, we all do mistakes - the market is the God, we're not - but mistakes of Abu's analysis are systematic.
  • #270,029
  • Jan 26, 2011 1:50am Jan 26, 2011 1:50am
Quoting matlock
"Originally Posted by Cobby...
The difference is if you go to his blog he is completely open about his system of analysis. Hes not just picking random numbers out of the air, or predicting with a gut feeling.

Predicting reversals isnt as simple as you make it sound. The market has an uncanny way of throwing your ideas to the wind.
  • #270,030
  • Jan 26, 2011 1:51am Jan 26, 2011 1:51am
Buy GBP/USD TP:1.7500 SL:1.4100

How about this?
  • #270,031
  • Jan 26, 2011 1:52am Jan 26, 2011 1:52am
Quoting chazzle
out of this for little lore than BE pending long 15750 tp 40 sl 20 pending short 15810 tp/sl about 100 each, see you later
stalling at this line connecting OCT and DEC shoulders again....
Attached Image (click to enlarge)
Click to Enlarge Name: shou.jpg Size: 88 KB
  • #270,032
  • Jan 26, 2011 1:54am Jan 26, 2011 1:54am
wow, big stop loss you have... wonder what is ur reward ratio?
  • #270,033
  • Jan 26, 2011 1:55am Jan 26, 2011 1:55am
Looks like EU rejected the 50 just in time...where will cable stop now?
Attached Image (click to enlarge)
Click to Enlarge Name: GU today 2.jpg Size: 174 KB
  • #270,034
  • Jan 26, 2011 1:57am Jan 26, 2011 1:57am
Quoting chazzle
15750 could be a pretty tough nut to crack...
2nd test on the way by the looks of it...
  • #270,035
  • Jan 26, 2011 2:02am Jan 26, 2011 2:02am
u're wrong.

market is market
God is God.

About abu... please u browse his old posting and u will find out who he is bro.

dont judge the book from the cover.....

Well ... ok get back for trading ......

Quoting matlock
"Originally Posted by Cobby...
not euphoria follower
  • #270,036
  • Jan 26, 2011 2:02am Jan 26, 2011 2:02am
I was bullish GBP also till GDP came along...now I'm shorting till it finds strong support...
Never Stop Learning...
  • #270,037
  • Jan 26, 2011 2:04am Jan 26, 2011 2:04am
Quoting veer2010
Buy GBP/USD TP:1.7500 SL:1.4100

How about this?
Im not sure anyone here trades what is evidently a very long term trade

Myself, I open and close trades daily (almost). I cant imagine holding a trade that long.
  • #270,038
  • Jan 26, 2011 2:14am Jan 26, 2011 2:14am
interesting to note...
200 fib ext at the recent M5 low + ascending trendline on H1

Attached Image
  • #270,039
  • Jan 26, 2011 2:17am Jan 26, 2011 2:17am
G/M

Yesterdayt's Uk 4th Qtr Gdp aided fall found a Lo at 5750 and this Lo holds for now, the pullback Hi extending to the previous 1hr/4hr swing lo zone (previous support) @ 5837 area where it encountered fresh supply...the dip finding fresh demand towards yesterday's lo.

Uk Boe/Mpc minutes 0930am gmt upcoming.

G/L
Attached Image
ex member
  • #270,040
  • Jan 26, 2011 2:17am Jan 26, 2011 2:17am
Quoting pilotui
Looks like EU rejected the 50 just in time...where will cable stop now?
Hmmm...EUR sure rallied....missed out on +30 but no loss either.
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