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Cable Update (GBPUSD)

  • #280,241
  • May 27, 2011 11:04am May 27, 2011 11:04am
Doing pretty good Nav and Azim brother you are not wrong there lol.

Weekly psar break was very week but done well on the 15m. ATM gone long on the daily psar break with SL at BE. Currently at 61.8% of the move from 1.6746 - 1.6057 so see what happens.

Will join you hopefully next week on a more full time basis (God willing).
You've got to be IN IT to WIN IT!
  • #280,242
  • May 27, 2011 11:11am May 27, 2011 11:11am
Quoting wormboy
Bunch of clowns. Don't try too hard bro, even spoonfeeding them with charts they're too thick. Let them sell till they turn blue in the face.
It’s long for the time being. There is a resistance before 1.6700 but that too is at 1.6605/10 area. So chances are that GBP/USD will get strengthened till those figures. (at least my charts say so..)
Attached Image
  • #280,243
  • May 27, 2011 11:36am May 27, 2011 11:36am
Quoting wormboy
There you go,480. Not surprised one bit.


Tandoori still on you nav, don't forget.
for sure..will be big tandoori as well
  • #280,244
  • May 27, 2011 11:44am May 27, 2011 11:44am
Quoting wormboy
They took my advise bro lol

http://www.forexfactory.com/showthre...52#post4647552

Bunch of clowns. Don't try too hard bro, even spoonfeeding them with charts they're too thick. Let them sell till they turn blue in the face.
u aint wrong
for sure most of these mofo kept selling as it went higher, thinking retrace or they hang themselves b4..

u can take a horse to water but cant get it drink
  • #280,245
  • May 27, 2011 11:48am May 27, 2011 11:48am
Quoting TrendsFX
It’s long for the time being. There is a resistance before 1.6700 but that too is at 1.6605/10 area. So chances are that GBP/USD will get strengthened till those figures. (at least my charts say so..)
Sorry, I cant see the chart.
Could you please save your chart image as GIF file and re post.
bmp is too large, kind of wasting bandwidth.
Thank you.
  • #280,246
  • May 27, 2011 11:52am May 27, 2011 11:52am
Quoting gsantri
Sorry, I cant see the chart.
Could you please save your chart image as GIF file and re post.
bmp is too large, kind of wasting bandwidth.
Thank you.
Here...
Attached Image
  • #280,247
  • May 27, 2011 12:24pm May 27, 2011 12:24pm
Quoting nAVIN2007
u aint wrong
for sure most of these mofo kept selling as it went higher, thinking retrace or they hang themselves b4..

u can take a horse to water but cant get it drink
This clown just closed out a 30pip sell trade. Not sure why people have to be so arrogant. We've all got something to put on the table, you just need to know where the support and resistance points are.

Let's help each other learn rather than mud slinging
  • #280,248
  • May 27, 2011 12:39pm May 27, 2011 12:39pm
Quoting OldReigatian
This clown just closed out a 30pip sell trade. Not sure why people have to be so arrogant. We've all got something to put on the table, you just need to know where the support and resistance points are.

Let's help each other learn rather than mud slinging
+1

its funny when someone pissed of when the horse dont want to drink...
  • #280,249
  • Edited 1:16pm May 27, 2011 1:00pm | Edited 1:16pm
Quoting OldReigatian
This clown just closed out a 30pip sell trade. Not sure why people have to be so arrogant. We've all got something to put on the table, you just need to know where the support and resistance points are.

Let's help each other learn rather than mud slinging
So you happen to know where the support & resistance are. Why don't you do yourself a favour, go back about 50 pages & count the amount of clowns selling & holding for the past 300 pips rise. But hold on, that's not why some of us are being arrogant here today no.
It's because when a proper trader like Nav tried to warn the noobs about going against the trend ... people tried to be cute. Here's an example:

Quoting sphinx8
Sure I gamble, but guess what? so do you
it is a gamble no mattet what science you apply coz if it was not gamble than everybody would be winning only
When someone is this thick, don't expect us to play nice. There are new traders that will listen to his sort of nonsense.

30 pips is not bad, but posting after the fact that you made something means absolutely nothing. Where is your contribution? Did you try to help anyone to get out of their bad trades like Nav did? Did you share any of your setup for your 30 pip trade here?

Here's how you trade with the trend :
http://www.forexfactory.com/showthre...20#post4647620

130 realised profit for a maximum of 15 pip drawdown. But yea, I'm sure 30 pips is nice.

Now where's the ignore button.
Thank You
  • #280,250
  • May 27, 2011 1:06pm May 27, 2011 1:06pm
Quoting wasaf
+1

its funny when someone pissed of when the horse dont want to drink...
Because some of us do post things that can be put to use dumbass.

Another one for the ignore.
Thank You
  • #280,251
  • May 27, 2011 1:11pm May 27, 2011 1:11pm
Quoting TrendsFX
It’s long for the time being. There is a resistance before 1.6700 but that too is at 1.6605/10 area. So chances are that GBP/USD will get strengthened till those figures. (at least my charts say so..)
The immediate resistance is @480, had been so for most part of the month anyway, it's the monthly pvp. If price close above that then technically, there is not much till 6700.

But aye, agreed wholeheartedly it's still bullish even if 480 is not taken out today. No LH on the HTF charts yet to warrant a tradeable retrace.
Thank You
  • #280,252
  • May 27, 2011 1:22pm May 27, 2011 1:22pm
Anyone doubting how far we go, use 4hrs chart, justing place buy's at every swing. lovely friday shoud close at 1.6550 as i said over 8hrs now. seen people selling, wish you luck. i prefer to buy, this is the last swing for today, dont miss the ride
  • #280,253
  • May 27, 2011 1:48pm May 27, 2011 1:48pm
Why bother answering them bro,,, there are always gonna be pricks on every forum on the net, forex or not... if they survive long enough, they will definitely value your analysis, and some other hardworking trader´s like nav, in due time... if not,, they´ll disappear like snowflakes in the ocean )))
People who care about their money looking @ the thread, know whose comments and analysis to read, and disregard the rest....


Quoting wormboy
So you happen to know where the support & resistance are. Why don't you do yourself a favour, go back about 50 pages & count the amount of clowns selling & holding for the past 300 pips rise. But hold on, that's not why some of us are being arrogant here today no.
It's because when a proper trader like Nav tried to warn the noobs about going against the trend ... people tried to be cute. Here's an example:



When someone is this thick, don't expect us to play nice. There are new traders that will listen to his sort of nonsense.

30 pips...
  • #280,254
  • May 28, 2011 3:33am May 28, 2011 3:33am
Quoting OldReigatian
This clown just closed out a 30pip sell trade. Not sure why people have to be so arrogant. We've all got something to put on the table, you just need to know where the support and resistance points are.

Let's help each other learn rather than mud slinging

i wrote what i wrote and u took it like it was aimed at u personally..who fault is that yours or mine?

my comment is refered to the people trading without any knowledge at all for the market to the point where some dont even know the difference between a bull and bear candle...
sometimes u try and help people and get mud sling at yourself and abuse.

Its all good thou..makes no difference to me, bottom line is if u let something as silly as this effect u ..trading cannot be for u..its that simple

be lucky
  • #280,255
  • May 28, 2011 4:55am May 28, 2011 4:55am
Quoting nAVIN2007
i wrote what i wrote and u took it like it was aimed at u personally..who fault is that yours or mine?

my comment is refered to the people trading without any knowledge at all for the market to the point where some dont even know the difference between a bull and bear candle...
sometimes u try and help people and get mud sling at yourself and abuse.

Its all good thou..makes no difference to me, bottom line is if u let something as silly as this effect u ..trading cannot be for u..its that simple

be lucky
Attached Image



kiddin...

agree with navin.
Hero calls followed by margin calls...
  • #280,256
  • May 28, 2011 8:40am May 28, 2011 8:40am
Quoting TrendsFX
It’s long for the time being. There is a resistance before 1.6700 but that too is at 1.6605/10 area. So chances are that GBP/USD will get strengthened till those figures. (at least my charts say so..)
i like it, GU next target .65**
bullish is come back,,
only an analysis, and I'm always wrong, don't follow me,
  • #280,257
  • May 28, 2011 9:12am May 28, 2011 9:12am
Hi all

There's been a bit of a rant about people shorting at the wrong time, etc.

It's absolutely vital (for NEWBIES especially) to appreciate an important rule! Wormboy and I had a bit of a disagreement earlier on this week about the trend direction - he thought it was down and I thought it was up, and we were both right really. What I mean is that the price can still move significantly in a counter-trend movement ESPECIALLY WHEN THE TREND IS CHANGING DIRECTION). What that means is that if we try to pick tops or bottoms we are opening ourselves up to a HIGH RISK of getting burned. Take it from a person who tried exactly that for nearly 2 years and blew at least 4 trading accounts!

So I repeat, especially if you are a newbie NEVER try to pick tops or bottoms. You might have LIMITED success on the shorter time frames in a zig-zagging or ranging type market but eventually your losses will far exceed your gains. Of course you'll ALWAYS get some bragger who tells you he's beating the odds but you have got to remember that in this game you HAVE to look for the lowest risk type of trade at ALL times!

So really you HAVE to change your mental attitude/viewpoint. When you see the price rising or falling fast over a day or two period you are looking at a strong trend. You then ALWAYS, ALWAYS look for opportunities to JOIN in the direction of the trend (pull-backs, minor retracements, etc) NEVER to go in the other direction. Obviously, eventually the trend is going to reverse but one would only open a trade in the other direction after confirmation from the 4hr or preferably daily chart.

Hope that helps the newbies a bit.

I've attached a few nice 4 hr chart candlestick set-ups

rgds
Attached Image
  • #280,258
  • May 28, 2011 9:45am May 28, 2011 9:45am
http://lcchong.files.wordpress.com/2011/05/image40.png

http://lcchong.files.wordpress.com/2011/05/image41.png
  • #280,259
  • May 28, 2011 9:53am May 28, 2011 9:53am
Quoting fendi
Anyone doubting how far we go, use 4hrs chart, justing place buy's at every swing. lovely friday shoud close at 1.6550 as i said over 8hrs now. seen people selling, wish you luck. i prefer to buy, this is the last swing for today, dont miss the ride

You are very brave ........ Good luck to you
  • #280,260
  • May 28, 2011 10:29am May 28, 2011 10:29am
A ...ha..
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