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Cable Update (GBPUSD)

  • #293,481
  • Nov 30, 2011 3:35am Nov 30, 2011 3:35am
Quoting SystemFX2011
why do you have to insult people all the time?
Because

Quoting normfx
Drop in from time to time..my targets may help you in determining direction...just remember, your trades do need to breathe..I use a 300 pip catastrophic stop. My targets are always listen in the area below my name.
He posts targets, no charts. Claims it will help determine YOUR trade directions.
So, tell me what is wrong with me asking what he uses to determine HIS trade directions.
And I had TWICE asked politely why he reckons 1:3 p/l ratio is high probability trading. That was being ignored as well.

And I don't insult people ALL THE TIME. I just insult the dodgy ones. The last one was redbeben, anyone seen him and his 1.8 targets yet? Same story no charts just a lot of nonsense.
Thank You
  • #293,482
  • Nov 30, 2011 3:35am Nov 30, 2011 3:35am
but at least you say it in a creative manner mate... but using bad language and breaking the #1 rule of this forum, is not on.

talking ppl like that is a sign of their own repression on life..

I just can't understand why ppl can't just get along...

sorry to sound like a tart, I'm just not used to all this bickering that's totally uncalled for.

Quoting cloggie
Nothing insulting about pointing out the idiots, I do it all day long.
  • #293,483
  • Nov 30, 2011 3:37am Nov 30, 2011 3:37am
Quoting TauTrader
Good day you,

This thing has been debated and contested from all angles. It would be interesting to read your view on this. I, for one - has got no clue and have ignored this phenomenon as a whole.

Regards
Tau, check your private messages..I need to ask you a question.
entry - 1.29250 s/l 200 pips
  • #293,484
  • Nov 30, 2011 3:38am Nov 30, 2011 3:38am
people can be harsh. either to be just plain trolling, or to really help people and stress an important point.

think which one sounds more logical.
Have I got something on my face, SOLDIER?
  • #293,485
  • Nov 30, 2011 3:38am Nov 30, 2011 3:38am
Quoting SystemFX2011
but at least you say it in a creative manner mate... but using bad language and breaking the #1 rule of this forum, is not on.

talking ppl like that is a sign of their own repression on life..

I just can't understand why ppl can't just get along...

sorry to sound like a tart, I'm just not used to all this bickering that's totally uncalled for.

IN the good old days on this thread, Wormy and I would do hours and hours of if-then-if, talking the well behaved muppets through entire days with loads of pips to be had, as always the thread quickly filled up with utter fools and we stopped doing it, no point showing the idiots.

But heh, this ain't really my home anymore, so you kids keep at it.
  • #293,486
  • Nov 30, 2011 3:40am Nov 30, 2011 3:40am
Quoting SystemFX2011
but at least you say it in a creative manner mate... but using bad language and breaking the #1 rule of this forum, is not on.

talking ppl like that is a sign of their own repression on life..

I just can't understand why ppl can't just get along...

sorry to sound like a tart, I'm just not used to all this bickering that's totally uncalled for.
A lack of success gives one a bad attitude..there's no other explanation.
entry - 1.29250 s/l 200 pips
  • #293,487
  • Nov 30, 2011 3:40am Nov 30, 2011 3:40am
Oh come on bro...

Go take a look at his "member status" profile, his entry is already in profit...

but at end of the day, what does it matter if he is or not a plonker and doesn't trade the way you do.

I personally don't believe in ratio profitability, its an ego game imo, a profit is a profit, regardless what the profit ratio is... we're not here to fight each other, its the dang banks that keep taking our dosh...

but who told you to step up to the pedestal and bash people?

Cos you know, no body gives a F***... they just sit back on the sidelines and laugh at you lot...

end of the day, its not on and people should be respected no matter what their views are!

if you don't like what they have to say, ignore them or do the opposite of what they do like we all did when FXBABE / PIPS AND RUN was found out to be a plonker; and made a crap load of $$ in the process

Quoting wormboy
Because



He posts targets, no charts. Claims it will help determine YOUR trade directions.
So, tell me what is wrong with me asking what he uses to determine HIS trade directions.
And I had TWICE asked politely why he reckons 1:3 p/l ratio is high probability trading. That was being ignored as well.

And I don't insult people ALL THE TIME. I just insult the dodgy ones. The last one was redbeben, anyone seen him and his 1.8 targets yet? Same story no charts just a lot of nonsense.
  • #293,488
  • Nov 30, 2011 3:41am Nov 30, 2011 3:41am
90% of traders use TA, indicators and prediction
  • #293,489
  • Nov 30, 2011 3:42am Nov 30, 2011 3:42am
no gap.
below is 24/7 euro chart. Interbank or not, at least they dont skip the weekend
.
Attached Image
  • #293,490
  • Nov 30, 2011 3:42am Nov 30, 2011 3:42am
Good day to you,

Just wanted to say hi. I bet Junior is a big boy by now? How is your trading ?

Regards and more success to you
  • #293,491
  • Nov 30, 2011 3:43am Nov 30, 2011 3:43am
Quoting nAVIN2007
tell how u feel bro..dont hold back will yah
Quoting cloggie
Nothing insulting about pointing out the idiots, I do it all day long.
There's little appreciation for straight talking people like us nowadays. Skirts in here are so touchy haha.
How's it going guys, all good I hope!

Quoting forex_growth
hey bro,

long time.. how you been? totally agree with long term bias! hows the bike? any more new ones?
Hey brother, been good thanks. Hope you are well!
No, no new bikes .... no money
Thank You
  • #293,492
  • Nov 30, 2011 3:44am Nov 30, 2011 3:44am
G/M

Last day of November.

Strong upside break yesterday in gbpusd saw a Hi of 5656 at the then Daily R2/previous 1hr swing hi zone/85.4% 5691-5422/50% 5888-5422. Yesterday's candle was therefore had a bullish body. The upside break saw price rise above the 50, 100 and 200sma's on 1hr and the 50sma on 4hr, and upside of both the 1hr descending t/line and the steepest 4hr descending t/line. The pullback from yesterday's Hi @ 5656 found fresh ' buy the dip ' demand at the topside of said breeched 4hr t/line @ 5779 - being also a previous 1hr/4hr swing hi zone.

Daily remans in a classic downtrend and pullback with the 3rd LL (after 3 x LH's) at 5422. It's 50sma remains below it's 100sma which in turn remains below it's 200sma - price reamins below these sma's.

4hr sma's remain per the daily with an upside break by price of the 50sma at yesterday's 5656 Hi. This t/f has seen a HH print at yesterday's 5656 Hi after 2 x HL's - so the underlying bearishness has been relieved somewhat on this t/f.

1hr has seen a HH at yesterdy's Hi followed by a HL and LH and now a deeper pullback. With the upside break of the 200sma on this t/f ayt yesterday's Hi and the upside cross of the 50sma above the 100sma, it was beginning to look more bullish but is now mixed due to the deeper pullback..

Potential resistance/sbr factors @/above yesterday's hi are as follows:

56540-45-56 prev 1hr/minor 4hr sw hi zone incl 5651/55 = 85.4% 5691-5422 and 50% 5888-5422
5658-68 prev 1hr sw hi zone

[ 5672-91 prev 4hr/1hr sw hi zone incl 5675 = Wkly R1 @/around and 5677 = 38.2% 6092-5422 and 5689 = Daily R1 @/around
[ 5685-5715 prev Dly/4hr sw lo zone x 2 incl 5692 = 38.2% 6128-5422 and 5704/10 38.2% 6165-5422/61.8% 5888-5422

5735-40 prev 1hr sw lo x 2 zone
5754-66 prev 4hr/1hr sw lo/hi zone incl 5756 = 50% 6092-5422, and 5766 = Daily R2 @/around
5776/78 50% 6128-5422/76.4% 5888-5422
5792 50% 6165-5422
5802-06 prev 1hr sw hi zone
5820 85.4% 5888-5422
5833/36 Mthly Pivot/61.8% 6092-5422
5859 61.8% 6128-5422
5862-75-88 prev Dly/4hr/1hr sw hi zone incl 5880 = 61.8% 6165-4422
5912-31 prev 4hr sw hi zone incl 5919 Wkly R2 @/around and 5932 = 76.4% 6092-5422
5963 76.4% 6128-5422
5988/94 76.4% 6165-5422 / 85.4% 6092-5422
6026 85.4% 6128-5422
6045 Wkly R3 @/around
6055 86.4% 6165-5422
6076-92 prev dly/4hr sw hi zone
6096-6117-6128 prev dly/4hr sw hi zone
6130-39-65 prev wkly/dly/4hr sw hi zone
-----------------------------------------

Other potential sbr/res factors between current price and yesterday's hi per 1hr chart below.....Potential immediate near-term rbs/support factors below current price are also seen per the 1hr screenshot below...Daily S1 is @/around 5502.
　
G/L
　
　
Attached Image
ex member
  • #293,493
  • Nov 30, 2011 3:45am Nov 30, 2011 3:45am
not sure i quite follow ya matey...

normfx http://www.forexfactory.com/images/s...ser_online.gif
Targets - Cable 1.56900 and 1.56490

price is 1.5526 now... whats that, 150+ pips in profit? sounds good to me, so why say he's full of s***?


so am i full of shit to say that shorting is a good position? why fight the trend?



Quoting nAVIN2007
to him being short is the way to go..he just expressing his view/bias, it is appearing to be a downtrend where it can continue down.monthly is bearish so is weekly..

look at his comment for what it is..just a way to inform people u might be going the wrong way..and ask for justification..it isnt personal, if he didnt care he wont post, he would allow people to sink

theres more reason to short than long aprt fro yesterday dailly being bullish is the friggin only thing
  • #293,494
  • Nov 30, 2011 3:46am Nov 30, 2011 3:46am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
A gap is a gap...interbank chart will never ever show you one BUT brokers and smaller banks, hedge funds if having a SPOT forex position need to close their books and gaps are always filled sooner or later. Normally within a month.

Not with stocks though, different beast. They can remain for months years or sometimes no filled and collapse. All depends on the market maker , as he is the god for that stock and if liquidity permits, he can fill it.


Quoting gsantri
no gap.
below is 24/7 euro chart. Interbank or not, at least they dont skip the weekend
.
  • #293,495
  • Nov 30, 2011 3:47am Nov 30, 2011 3:47am
Quoting normfx
A lack of success gives one a bad attitude..there's no other explanation.

hold ur horses norm, cloggie is one of the most succesful here. his words led me on a great understanding of fx and trading. he also hunted my 100 pip sl when i was a noob a very bad one too

he analyzes like no other. success im sure he has a load of it. u can tell from how he talks.
a man's words can describe him to the core.

given he doesnt lie. which im sure he doesnt. that would be self-demeaning
Have I got something on my face, SOLDIER?
  • #293,496
  • Nov 30, 2011 3:47am Nov 30, 2011 3:47am
Quoting cloggie
IN the good old days on this thread, Wormy and I would do hours and hours of if-then-if, talking the well behaved muppets through entire days with loads of pips to be had, as always the thread quickly filled up with utter fools and we stopped doing it, no point showing the idiots.

But heh, this ain't really my home anymore, so you kids keep at it.
Good day to you,

Nice to see you around.. Just wanted to say hi. Still hate your guts, but much respect.

All the best to you, Cloggie
  • #293,497
  • Nov 30, 2011 3:49am Nov 30, 2011 3:49am
Quoting ams
Ever heard of futures?

forex market is 24*7 for banks as they provide liquidity to companies, brokers and hedge funds and smaller banks too.

Anything can cause gaps, news or change in sentiment or manipulation (my favourite) , many investors might place buy or sell orders for the next day via futures or spot price. This could result in the price opening higher or lower than the previous day's close.

It's simple if there are no bidders or more bidders for price on offer, we will have a gap.

ta
ams
Actually, the banks create the gaps, since they are counter party to our trades..they and only they determine where to open a price...just as the specialists do the same thing on the NYSE...or do you want to debate that also.
entry - 1.29250 s/l 200 pips
  • #293,498
  • Nov 30, 2011 3:50am Nov 30, 2011 3:50am
Quoting wormboy
There's little appreciation for straight talking people like us nowadays. Skirts in here are so touchy haha.
How's it going guys, all good I hope!
Believe me those who want to learn and improve their trading appreciate it! Only the ignorant muppets that hate themselves and the world coz of their own stupidity are showing no respect to anyone!
Price = the amount a greater fool is willing to pay!
  • #293,499
  • Nov 30, 2011 3:50am Nov 30, 2011 3:50am
good day every one
how is trading going?
my charts say price opened daily very closed to dailypivot line

found support around 5530 good swing high seen in m30.
actually challenges 5525 where is median bolling in h4.

not clearly a buy setup!! i closed a short near 5540
im now waiting to see if price clear this 5525 to reload short for 54 area.
maybe during NY session

imo: people who gives signals "buy here" or "sell there" without reasoning, should understand that this forum is not for a championship for those gives best call! makes completely non.sense to say "i was right!" because the only one who is always right here is the Market and what we can do is share our idea on possible Market beahviour.
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #293,500
  • Nov 30, 2011 3:51am Nov 30, 2011 3:51am
A patient trader would just have waited until the buy limit.
Attached Image (click to enlarge)
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