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Cable Update (GBPUSD)

  • #301,721
  • Feb 28, 2012 9:08am Feb 28, 2012 9:08am
Quoting Faller
hope everyone is enjoying the fake news that came out this morning - and went short USD, Long Euro long the market and well.....cable....most people in here have been banging the long.......

enjoy the day!

one piece of advice - look left.....it tells you a nice story.

if dollar index fills the gap to 78.60 - cable goes to 1.5800 or below.

good call Faller.
I don't trust any move - when you have profit...take it.
  • #301,722
  • Feb 28, 2012 9:12am Feb 28, 2012 9:12am
I know I said I was done for the day.......but.

I jumped in on that flush down.

Good trading everyone........

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: trading platform 2.png Size: 94 KB
I don't trust any move - when you have profit...take it.
  • #301,723
  • Feb 28, 2012 9:12am Feb 28, 2012 9:12am
Quoting Faller
Have not done this in a while.....but everyone is calling their shots here but not posting how they are making out....I used to do this often....I would call the trade and post my chart right away....then when I closed the position I would post a closing chart along with my trading platform to show my results. Lots of people here are calling B.S. trades - it only hurts the people that are trying to learn....and if you are trying to learn and are calling trades....well you are just hurting everyone......if you are going to call a trade.....call...
Enjoy man, looks greeeeeeeeeeeeeeeeeeeeeeeeeeeeeen.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,724
  • Feb 28, 2012 9:16am Feb 28, 2012 9:16am
it hit 1.58 ...but very strong support (edit, of course..lol ) now on my charts especially on 4h ..i wonder if it can hold ..otherwise 1h candle can be impulsive move for downtrend to 1.57
  • #301,725
  • Feb 28, 2012 9:18am Feb 28, 2012 9:18am
Quoting Zircon
Enjoy man, looks greeeeeeeeeeeeeeeeeeeeeeeeeeeeeen.


Thank you...
I don't trust any move - when you have profit...take it.
  • #301,726
  • Feb 28, 2012 9:21am Feb 28, 2012 9:21am
Quoting Faller
..if you are going to call a trade.....call you entry, stop and target....and then post what you did.....tell us you had profit or a loss.....if you can't do that....stop call long and short trades.....please. It only hurts those that do not know any better.
I used to get mad about this too. Not much point I'm afraid and anyway people will forget to post the outcome, especially if it was a loser. By the way, I have never seen you post a loser, while we are on the subject of trade calls. Do you never get a loser?
Gone to a better place
  • #301,727
  • Feb 28, 2012 9:24am Feb 28, 2012 9:24am
Quoting smikester
I used to get mad about this too. Not much point I'm afraid and anyway people will forget to post the outcome, especially if it was a loser. By the way, I have never seen you post a loser, while we are on the subject of trade calls. Do you never get a loser?

look back in my posts....whenever I made a call on here...I posted results...and there have been a couple of losers......

I don't post all of my calls on here.....and as I said I stopped doing it because it was getting to be too much work to call a trade, post a chart....post the exit chart etc etc......

But yes, I have losers.....just like everyone else here.

Faller.
I don't trust any move - when you have profit...take it.
  • #301,728
  • Feb 28, 2012 9:28am Feb 28, 2012 9:28am
Did III-be-back really post his farewell post the other day?

Are you really gone?

If so.....it was nice to chat with you.

Faller.
I don't trust any move - when you have profit...take it.
  • #301,729
  • Feb 28, 2012 9:30am Feb 28, 2012 9:30am
Quoting ikssde
There is nice drop from 1.5850 to 1.5822 anybody can tell me why?
because of the 4HR chart..it hit the 4hr parabolic SARS at the bottom n zig zag line has just come out.... that's the reason why GU is going down... so goes EU... and CHF going up...
  • #301,730
  • Feb 28, 2012 9:34am Feb 28, 2012 9:34am
Quoting ijan112
because of the 4HR chart..it hit the 4hr parabolic SARS at the bottom n zig zag line has just come out.... that's the reason why GU is going down... so goes EU... and CHF going up...

yup that is the only reason why - because it hit an indicator. geeee for real mate?

an indicator that not many people use at that......looks like you found the holy grail - can you tell me why price bounced off 1.5800 up to 1.5830 now?
I don't trust any move - when you have profit...take it.
  • #301,731
  • Feb 28, 2012 9:37am Feb 28, 2012 9:37am
Quoting ijan112
1.5970 by today... zoommmmmmmmmmm................

one week ago you will calling 1.5970 by the end of the day......was that a SARS also?

like I said earlier....people making bullshit calls......only hurts the new people.
I don't trust any move - when you have profit...take it.
  • #301,732
  • Feb 28, 2012 9:41am Feb 28, 2012 9:41am
Quoting Faller
yup that is the only reason why - because it hit an indicator. geeee for real mate?

an indicator that not many people use at that......looks like you found the holy grail - can you tell me why price bounced off 1.5800 up to 1.5830 now?
why it bounce back up to 1.5830 ? because the zig zag line for W1 at IBfx platform had already came out last week while at some other platform not yet... although it drops few mins ago, it will still going up for this week trade...

now 4hr zig zag line just came out..eventho it goes down, it still go up sooner or later...
  • #301,733
  • Feb 28, 2012 9:52am Feb 28, 2012 9:52am
Quoting ijan112
why it bounce back up to 1.5830 ? because the zig zag line for W1 at IBfx platform had already came out last week while at some other platform not yet... although it drops few mins ago, it will still going up for this week trade...

now 4hr zig zag line just came out..eventho it goes down, it still go up sooner or later...

not sure I know what a zig zag line for W1 at IBfx is.....how does info come out a week early?
I don't trust any move - when you have profit...take it.
  • #301,734
  • Feb 28, 2012 10:00am Feb 28, 2012 10:00am
Who want be a millionaire sell now and forget it for three weeks.

If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,735
  • Feb 28, 2012 10:04am Feb 28, 2012 10:04am
Quoting Fudomyo
ok, a couple of thoughts.

people learn by doing. doing entails knowing your tools. so, if people want to help others, they should add something of value instead of just engaging in garden variety dick swinging.

I haven't posted a chart in a while here, but here's a lower TF MT4 chart with some of the recent moves marked off.

what we look at has degrees of importance, and PA has very clear prerogatives at times that people can capitalize off of if they can recognize the patterns.

anyway, all the best with your trades.
nice chart.....nice lines.
I don't trust any move - when you have profit...take it.
  • #301,736
  • Feb 28, 2012 10:04am Feb 28, 2012 10:04am
no confirmed bearish signal at my end so far..price just did retest the daily open so uptrend is still valid but weak ...don't know what the market is waiting for
  • #301,737
  • Feb 28, 2012 10:09am Feb 28, 2012 10:09am
Quoting Faller
one week ago you will calling 1.5970 by the end of the day......was that a SARS also?

like I said earlier....people making bullshit calls......only hurts the new people.
Faller is right..,i loss more than 100 pips by one bloody useless call
  • #301,738
  • Feb 28, 2012 10:22am Feb 28, 2012 10:22am
Quoting ahmed1
Faller is right..,i loss more than 100 pips by one bloody useless call

I don't really post my trades anymore - I will talk about charts and price action and levels that are of interest for price action - but if you are going to make a call I stick to my previous post - make your call post your trade entry, exit and target and show us how you did....keep it real.

The other night a guy said ya watch out this thing could go to 1.65 soon.....but when I started to chat with him he told me that he was actually short from 1.5885. So you read his post and you think ya go long....but he was actually short.

In short, do your homework, find someone that is not a bullshitter and there are a few people in this forum that fall under no bullshit - listen to what they have to say and watch how things work out - apply your own theories and indicators as you see fit........there is no quick way to riches in the trading business. Bit by bit....each day - I can't move the market, but if I understand when and why the market is moving or better yet when it is going to move then I can be successful.

Good luck to all............not sure how much I am going to be around here anymore - may pop in now and again so cheers to everyone. All the best!

Faller.
I don't trust any move - when you have profit...take it.
  • #301,739
  • Feb 28, 2012 10:23am Feb 28, 2012 10:23am
Testing last resistance 3rd time if not, bear continue.
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If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,740
  • Feb 28, 2012 10:24am Feb 28, 2012 10:24am
Quoting Faller
I don't really post my trades anymore - I will talk about charts and price action and levels that are of interest for price action - but if you are going to make a call I stick to my previous post - make your call post your trade entry, exit and target and show us how you did....keep it real.

The other night a guy said ya watch out this thing could go to 1.65 soon.....but when I started to chat with him he told me that he was actually short from 1.5885. So you read his post and you think ya go long....but he was actually short.

In short, do your...
Your ending your time on here as well?
To live a successful life, we must lose our fear of being wrong
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