Cable Update (GBPUSD) | Page 14676 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #293,501
  • Nov 30, 2011 3:54am Nov 30, 2011 3:54am
Quoting bumapatria
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

Kid, you've come a long way here. That one trade when I got your SL was just a silly setup and you know that now.

One thing though, no need to come to my defense, it will only invite the wrath of the muppets here. I am used to it and at times actively serach it out.
  • #293,502
  • Nov 30, 2011 3:54am Nov 30, 2011 3:54am
Quoting SystemFX2011
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?
i think wormie was referring to the stuff above the post more than anything else..i read it myself and thought..here we go..myself

i just trying to point out..he has nothing to prove..he is very successfull at trading and built a career from it!

look at my positions..am i taking it personal?..should i since im getting killed..but i take on board his point
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.jpg Size: 130 KB
  • #293,503
  • Nov 30, 2011 3:54am Nov 30, 2011 3:54am
Quoting TauTrader
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

Heh, at least I am consistent....
  • #293,504
  • Nov 30, 2011 3:54am Nov 30, 2011 3:54am
Quoting SystemFX2011
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?
1. He is not selling.

Quoting normfx
I do have another trade that was just initiated with a t/p of 1.56490 and a stop loss 200 pips lower...this is a high probability trade..but as you know, in this business anything can and will happen..the entry point is approx. 100 pips lower than t/p.
2. How we use to do things around here when we want to help or share ideas is why try to at least STATE WHY the trades are taken. He doesn't do that. If you want to post your targets etc just go to the trade journal section & open your own thread.
Thank You
  • #293,505
  • Nov 30, 2011 3:54am Nov 30, 2011 3:54am
that gap was filled about 36 hours ago mate, they'll take a tiny hit of approx 3 pips.

Quoting ams
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.
  • #293,506
  • Nov 30, 2011 3:55am Nov 30, 2011 3:55am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
In my answer to your question, I already stated that banks control the price as they lend to brokers and smaller banks etc...Tell me something I do not know.

You are showing that you are an expert then why did you ask the question in the first place?

Now let me ask you a question, which bank will determine to open the price and where?

I will award you a vouch if you can successfully answer my question and win this debate with me. For info, I work for investment banks. I am a technical project manager and manage their IT projects for various automated systems(the one where they design strategy).


Quoting normfx
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.
  • #293,507
  • Nov 30, 2011 3:55am Nov 30, 2011 3:55am
Quoting cloggie
Kid, you've come a long way here. That one trade when I got your SL was just a silly setup and you know that now.

One thing though, no need to come to my defense, it will only invite the wrath of the muppets here. I am used to it and at times actively serach it out.
hey cloggie.

yeah that was lameo silly. ok sure will do.

still that was one hell of a stop hunt.

am done being hutned, i am the hunter now.
Have I got something on my face, SOLDIER?
  • #293,508
  • Nov 30, 2011 3:57am Nov 30, 2011 3:57am
Quoting SystemFX2011
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?
System, I have 2 trades listed, both are long trades..I use a 300 pip stop.
entry - 1.29250 s/l 200 pips
  • #293,509
  • Nov 30, 2011 3:57am Nov 30, 2011 3:57am
Quoting wormboy
1. He is not selling.
well, Oops, then... how long ago did that prediction get added, 24hrs ago? just now?

Well going long was a tad silly when technicals are saying otherwise, but hey, we can't get it right all the time.


Quoting wormboy
2. How we use to do things around here when we want to help or share ideas is why try to at least STATE WHY the trades are taken.
I totally agree with you there.

Quoting wormboy
He doesn't do that. If you want to post your targets etc just go to the trade journal section & open your own thread.
That's a shame, maybe he will next time?
  • #293,510
  • Nov 30, 2011 3:58am Nov 30, 2011 3:58am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Is it, what dodgy broker you use?

Mark my words! Gap still exists @ 3240 and it'll be filled today I reckon. This is euro I am talking about..my bad. Not pound.
And no, even 1 pip gap is not accepted..show me on your charts..long dated where gap isn't filled within a month.




Quoting SystemFX2011
that gap was filled about 36 hours ago mate, they'll take a tiny hit of approx 3 pips.
  • #293,511
  • Nov 30, 2011 3:59am Nov 30, 2011 3:59am
Quoting TauTrader
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
Hello tau how are you

Yep junior's turning terrible two soon, got my hands full haha. Not doing much trading atm, gonna stop completely next week, but the year had been good nonetheless. Hope you are doing well yourself my friend.

Welp, now that proper traders like yourself, cloggs, nav, bbmac, mike & king are here the thread is in good hands again. Enough policing for one day
Have a good one. Good luck to all!
Thank You
  • #293,512
  • Nov 30, 2011 4:02am Nov 30, 2011 4:02am
btw, its Steve

what time frame was you taking that analysis off matey?

cos seriously, with all due respect there is absolutely NO reason to go long here, absolutely none...

first rule of trading; never fight the trend.
second rule, if trend line is broken and closed above the major highs and lower highs, then yes, consider taking a long, but not before hand bud, you may was well give your money to the salvation army.

I'm sure you know this, but something deep down inside made you do the opposite of what your instincts were telling you...

Just because a pair drops like 500 pips, we can't guess or say "its needs to go back up", that's just nuts dude... trade what you see, and don't ever second guess yourself... it's hard at times, but seriously though, follow the technicals and you can't go wrong...

just trying to help

this forum can get brutal, unfortunately they are a little harsh. I guess it's their way to tell you to wake up and smell the roses...

Quoting normfx
System, I have 2 trades listed, both are long trades..I use a 300 pip stop.
  • #293,513
  • Nov 30, 2011 4:02am Nov 30, 2011 4:02am
Quoting ams
In my answer to your question, I already stated that banks control the price as they lend to brokers and smaller banks etc...Tell me something I do not know.

You are showing that you are an expert then why did you ask the question in the first place?

Now let me ask you a question, which bank will determine to open the price and where?

I will award you a vouch if you can successfully answer my question and win this debate with me. For info, I work for investment banks. I am a technical project manager and manage their IT projects for various...
I'm sure it would be a waste of my time to try and earn your vouch as my answers surely wouldnt agree with yours..and it doesn't really matter what bank creates the gap, now does it? Here's a question for you..why do they have to fill them..i'll give you a vouch if you can answer that correctly.
entry - 1.29250 s/l 200 pips
  • #293,514
  • Nov 30, 2011 4:02am Nov 30, 2011 4:02am
Quoting wormboy
1. He is not selling.



2. How we use to do things around here when we want to help or share ideas is why try to at least STATE WHY the trades are taken. He doesn't do that. If you want to post your targets etc just go to the trade journal section & open your own thread.
its best to show analysis of a trade.

like share why u believe it would be high probablilty mr. norm
Have I got something on my face, SOLDIER?
  • #293,515
  • Nov 30, 2011 4:04am Nov 30, 2011 4:04am
Quoting TauTrader
Who knows... anyway - i'm preparing to look for a short on EU ( not because of the gap, but as stated - selling upmoves)

Regards
Ok - first shorts are in on EU after that little push higher... I remain in "selling the rallies" mode for the interim on both GU and EU.

Trade well
  • #293,516
  • Nov 30, 2011 4:06am Nov 30, 2011 4:06am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Waste of your time!!

hahahaha..that's a funny one.
I ain't giving you any more info.

And you will give me a vouch, how? u r in no position, earn some to give some.

One last question and sorry to ask this as feeling sorry for you already:

Are you retarded or on medication?





Quoting normfx
I'm sure it would be a waste of my time to try and earn your vouch as my answers surely wouldnt agree with yours..and it doesn't really matter what bank creates the gap, now does it? Here's a question for you..why do they have to fill them..i'll give you a vouch if you can answer that correctly.
  • #293,517
  • Nov 30, 2011 4:08am Nov 30, 2011 4:08am
LOL, you silly sod...

dodgy broker? yeh right, an STP broker who connects via a bank who don't hedge against their clients... what broker you using matey, ECN broker who hegde against you and re-quote you all the time, now that's dodgy bud

Quoting ams
Is it, what dodgy broker you use?

Mark my words! Gap still exists @ 3240 and it'll be filled today I reckon.
And no, even 1 pip gap is not accepted..show me on your charts..long dated where gap isn't filled within a month.
no, mark my words, gbp/usd gap has been filled, it does not need to be filled completely...

go take a look at the doji at its high of 1.54541 and the next 3 candles to the right on the 4 hour TF at 1.54584, pip difference 4.1 pips... those kind of numbers are acceptable, they reversed to catch more short positions to trap them, rebounded off the daily resistance to trap out the shorts and reversed once again to imply that that move was a trend reversal...
  • #293,518
  • Nov 30, 2011 4:13am Nov 30, 2011 4:13am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I was talking about euro at the time.
Anyways, Ok, let's focus on PA. If we see 5450 soon again, which I reckon we will then gap will close itself, right?
And I am marking your words that we will not go below 5450 , If we do then I will repost this :-)


I am with IG. I do not know if they take hedge against me as I do not have account bigger then 100K. They are ECN. I some large brokers take position against those who have account size larger then 500K


Quoting SystemFX2011
LOL, you silly sod...

dodgy broker? yeh right, an STP broker who connects via a bank who don't hedge against their clients... what broker you using matey, ECN broker who hegde against you and re-quote you all the time, now that's dodgy bud



no, mark my words, gbp/usd gap has been filled, it does not need to be filled completely...

go take a look at the doji at its high of 1.54541 and the next 3 candles to the right on the 4 hour TF at 1.54584, pip difference 4.1 pips... those kind of numbers are acceptable, they reversed to catch more...
  • #293,519
  • Nov 30, 2011 4:16am Nov 30, 2011 4:16am
Quoting ams
Waste of your time!!

hahahaha..that's a funny one.
I ain't giving you any more info.

And you will give me a vouch, how? u r in no position, earn some to give some.

One last question and sorry to ask this as feeling sorry for you already:

Are you retarded or on medication?
I didn't think you could answer the question..have a good day.
entry - 1.29250 s/l 200 pips
  • #293,520
  • Nov 30, 2011 4:16am Nov 30, 2011 4:16am
prices are not moving or moving very slowly here in a very unusual low liquidity and high spreads in evey pair.
is it only me??
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
90% of traders use TA, indicators and prediction
281 traders viewing now, 2 are registered:
toju.fx
,