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Cable Update (GBPUSD)

  • #276,441
  • Apr 14, 2011 10:03am Apr 14, 2011 10:03am
Quoting smikester
You'll never be flamed by me. Yes, I suppose you are right. But you know to which posts I was referring? I mean, let's try to set some standards here. I suffered (and still do, LOL) my own fair share of humiliation on these boards. Better to be humiliated by words than by bank account.

I'll take on board what you say. Thanks.
Good day to you,

True gentleman. Thank you for the spirit.

You have my respect. I understand what you say.

Wish you all success

Regards
  • #276,442
  • Apr 14, 2011 10:04am Apr 14, 2011 10:04am
Quoting redbeben
thank you,thank you very much

now we go on a short..short of 30 pips

normally it should go down to 1.6305 but I would not bet on that.this move was to strong now to take it for granted
after this pull back long as well on GJ TP 136.40
ok nearly 30 pips touched moved SL to BE and moved |TP to 1.6335-38....I really doubt we will see any 1.64 today
  • #276,443
  • Apr 14, 2011 10:11am Apr 14, 2011 10:11am
don't fight..,start watching your chart right now..,
I will be the number one Manager.
  • #276,444
  • Apr 14, 2011 10:13am Apr 14, 2011 10:13am
I take 13 pips from shorting 6366, It will probably go down further but I don't want to risk it. I'm off the market after this one. Good luck guys !
  • #276,445
  • Apr 14, 2011 10:18am Apr 14, 2011 10:18am
Quoting ams
Oh stop moaning…
You guys are here, and you are bunch of good traders.
With respect to charts, let me give you guys some quality screen shot. It's only for seasoned traders and proprietary system I use from time to time (well all the time).
I Just follow it (recently started) and making decent money. Buy the one's in yellow and sell the one's in red…have SL worth 2-300 pips play small lots and you'll be ok.



ta
ams
Good day,

Not to moan again. Finished.

That system - I like the very tight 300 pip stops - rarely seen.

( do not tell anyone - if it makes you money, PM me)

Basket case or Basket trading....?

( PM me if you missed my first hidden message )

With that, you are on the road to failure.

(remember to PM me the system)

Do NOT make an EA from this - it will kill you.

( if you have an EA, I would like that too)

Cheers bud, and thank you

Regards

  • #276,446
  • Edited 10:20am Apr 14, 2011 10:19am | Edited 10:20am
Quoting TauTrader
Smikester,

Low Blow man....

In all honesty - what do you expect?

This thread has been dying for a long time. The "standard" will obviously drop due to the fact that senior members have moved on. They have either gone and opened their own threads, or have found another home, or have left it all together.

What we have here, is a thread with a recycle rate of note.. Mostly viewed by newer members too sh*t scared to even make a comment. Scared of being ridiculed / snuffed at...

Let me take you back to your first post in 2007....
With all due respect to you I must say that you are right about this dying for a long time and it has been because senior traders like you let a couple - two - carrian-eaters to light into good traders and newbies to belittle them. I have PMs from a number of them that they stopped posting because there was too much filth....Now after murdering this thread, one has moved to Eur Usd, the other is still here but much subdued because he realized that no one cares for them. One guy tried to "engage" me - I told him I did not need his advice and another idiotic post or comment on my post and I would put him on Iggy. That is the treatment these attention-loving dopes need. But Traders have trading on their mind, not advancing stupid arguements about a trade being right and wrong. So, the good ones left, the newbies stopped coming. What else you expect ?

You senior guys should persuade the Moderators to ban people who make comment on trades of othres. If someone wants to burn his money, let him. Who has given these pseudo-artists responsibility to "look after" them ? Commenting on OP trades should only be allowed if the poster asks for advice.

I feel sorry - there were very good posts here before. Now, very few.
  • #276,447
  • Apr 14, 2011 10:26am Apr 14, 2011 10:26am
Here's what I see. Trading will slow down now London and Europe are closing and New York's having lunch. Maybe even some profit taking from day traders will force the price down below 1.6350/40. But that's the level to watch, it formed the daily high earlier this session and was the daily high on 6th April.


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd110414h1.gif Size: 37 KB


Any hourly close below 1.6340 and longs are off for the day. That's my guess.
Gone to a better place
  • #276,448
  • Apr 14, 2011 10:30am Apr 14, 2011 10:30am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Fantatstic sense of humour as usual TT

This is web enabled system on the trading floor (my team did some IT change mgmt work on it). I see it when I can to view the bigger picture. My Floor traders use it for trading options etc.

So I sensed they are making long shots instead of day-to-day trading like us lot. We've both done trades where we have to wait for days and wait for the nourished fruits

BTW it seems your USDCHF chart is looking to turn the corner soon!


ta
ams


Quoting TauTrader
Good day,

Not to moan again. Finished.

That system - I like the very tight 300 pip stops - rarely seen.

( do not tell anyone - if it makes you money, PM me)

Basket case or Basket trading....?

( PM me if you missed my first hidden message )

With that, you are on the road to failure.

(remember to PM me the system)

Do NOT make an EA from this - it will kill you....
  • #276,449
  • Apr 14, 2011 10:30am Apr 14, 2011 10:30am
Quoting vilas
[color=royalblue]With all due respect to you I must say that you are right about this dying for a long time and it has been because senior traders like you let a couple - two - carrian-eaters to light into good traders and newbies to belittle them. I have PMs from a number of them that they stopped posting because there was too much filth....Now after murdering this thread, one has moved to Eur Usd, the other is still here but much subdued because he realized that no one cares for them. One guy tried to "engage" me - I told him I did not need...
Good day to you,

Your statement is very valid. You actually hit the nail on the head. It does make sense that good traders/people will leave for the very reasons you posted.

I understand this now.

Might be a pipe dream... but I hoped otherwise.

Thank you for taking the time

Warm regards
  • #276,450
  • Apr 14, 2011 10:34am Apr 14, 2011 10:34am
Quoting TauTrader
Good day,

Was not my intent to put anyone on the spot. Smikester is a respected member and rightly so. I just did not see fairness, personally, with the comment made.

I should have kept it to myself...

Regards
Having been reading this board for a while and just joined, TauTrader I follow your posts. You seem to know your stuff, thank you for posting your findings.
  • #276,451
  • Apr 14, 2011 10:36am Apr 14, 2011 10:36am
hello all
today was very full busy 4me.

only bought 6290 (great buy already targeted )

reading last posts i would like to say my point of view:
im here this forum since few time, around 1-2 months.

some times im completely right on positions, sometimes im in doubt, other times im completely wrong.
the matter is that every one can be wrong every day, every candle, every position.
so i think all people share here hoping other people share too.
so, we can finally correct all our trades together.

we must use this big power to improve our trades

last comment: i updated win7 n explorer9, now emotics are in inverse position than before the update...... only me?!?!
90% of traders use TA, indicators and prediction
  • #276,452
  • Apr 14, 2011 10:37am Apr 14, 2011 10:37am
Quoting redbeben
ok nearly 30 pips touched moved SL to BE and moved |TP to 1.6335-38....I really doubt we will see any 1.64 today
done 1.6335 touched trade closed for 40 pips.90 so far for today and now long again but for a longer term this time.TP 1.6380 not sure if today
  • #276,453
  • Apr 14, 2011 10:40am Apr 14, 2011 10:40am
Quoting ams
Fantatstic sense of humour as usual TT

This is web enabled system on the trading floor (my team did some IT change mgmt work on it). I see it when I can to view the bigger picture. My Floor traders use it for trading options etc.

So I sensed they are making long shots instead of day-to-day trading like us lot. We've both done trades where we have to wait for days and wait for the nourished fruits

BTW it seems your USDCHF chart is looking to turn the corner soon!


ta
ams
Good day to you,

NOT INTERESTED!
(Please, Please send me the system!)

Regarding Swissy - I took 115 pips off it last night already...

Below the recorded trade.

All the best


Attached Image (click to enlarge)
Click to Enlarge Name: swissy.gif Size: 30 KB
  • #276,454
  • Apr 14, 2011 10:48am Apr 14, 2011 10:48am
Quoting kostas1
Trying to see things over the longer term than I usually trade, I noticed a megaphone pattern forming. Anybody with more experience of this pattern in GU?
Quoting Low
Not GU specific, but it's a "broadening top/bottom" pattern, and statistically they have nearly an equal chance of breaking either direction.
I'd noticed this megaphone pattern too, and was trying to figure it out; from a PA perspective, I consider GU to be in ranging mode, looking for fair value between the rough 1.6 and 1.64 area - really, a very slim range, given we've been back and forth here for months now.

Am looking to fundamentals and sentiment on sterling for that upwards break, but it keeps getting beaten down for sterling/UK specific reasons IMO, and we may now be in a sentiment shift, as they once again roll out the debt concern chestnuts. If we are indeed to see a xxxUSD shift (esp. in the EURUSD), even though a sterling rate hike might be on the horizon months out, I'm leaning towards a downside breakout, before any speculative thrust up on rate increase optimism. This google find points to the same type of lower breakout - I must say I like the conclusion of "the bears eventually triumph". Original here, bitmap below.
Attached Image (click to enlarge)
Click to Enlarge Name: megaphone-DOWN.png Size: 71 KB
  • #276,455
  • Apr 14, 2011 10:49am Apr 14, 2011 10:49am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I did too but only 30 pips as I was more focused on euro and pound shorting and buying, going both ways. It was fantastic 2 days.

Tide is forming and it'll turn quickly, plenty of warning is there too!!

ta
ams


Quoting TauTrader
Good day to you,

NOT INTERESTED!
(Please, Please send me the system!)

Regarding Swissy - I took 115 pips off it last night already...

Below the recorded trade.

All the best

  • #276,456
  • Apr 14, 2011 10:52am Apr 14, 2011 10:52am
Quoting TauTrader
Good day,

Was not my intent to put anyone on the spot. Smikester is a respected member and rightly so. I just did not see fairness, personally, with the comment made.

I should have kept it to myself...

Regards

I still hope that you will always give an analysis of this trade because I really look forward to each day the results of your analysis because it really helped me in trading the GBP . I am sure many friends who agree with me so I hope you do not stop giving your analysis just because something unpleasant and even then only a handful of people who judge you like that. I hope you will consider it for the sake of my progress and friends here.

Greetings from my family
  • #276,457
  • Apr 14, 2011 10:54am Apr 14, 2011 10:54am
Quoting Beljevina
I'd noticed this megaphone pattern too, and was trying to figure it out; from a PA perspective, I consider GU to be in ranging mode, looking for fair value between the rough 1.6 and 1.64 area - really, a very slim range, given we've been back and forth here for months now.

Am looking to fundamentals and sentiment on sterling for that upwards break, but it keeps getting beaten down for sterling/UK specific reasons IMO, and we may now be in a sentiment shift, as they once again roll out the debt concern chestnuts. If we are indeed to see a xxxUSD...
Good day to you,

Thank you -quality post.

Regards
  • #276,458
  • Apr 14, 2011 10:56am Apr 14, 2011 10:56am
Quoting Beljevina
I'd noticed this megaphone pattern too, and was trying to figure it out; from a PA perspective, I consider GU to be in ranging mode, looking for fair value between the rough 1.6 and 1.64 area - really, a very slim range, given we've been back and forth here for months now.

Am looking to fundamentals and sentiment on sterling for that upwards break, but it keeps getting beaten down for sterling/UK specific reasons IMO, and we may now be in a sentiment shift, as they once again roll out the debt concern chestnuts. If we are indeed to see a xxxUSD...

interesting :nerd:
90% of traders use TA, indicators and prediction
  • #276,459
  • Apr 14, 2011 11:01am Apr 14, 2011 11:01am
does anybody know when we will have the next BOE meeting?
  • #276,460
  • Apr 14, 2011 11:03am Apr 14, 2011 11:03am
Good day to you,

Short entered - 1.6348 - SL 1.6380 area.

Regards
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