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Cable Update (GBPUSD)

  • #302,061
  • Mar 1, 2012 5:35am Mar 1, 2012 5:35am
Quoting Zircon
see the last candle opened near to 50 fibo ,as you know the turning point is often in this level( North or south).
my chart says bearish too
сan be says lies ??? will see when 1h candle will be closed
  • #302,062
  • Mar 1, 2012 5:36am Mar 1, 2012 5:36am
Quoting torkay77
I see a huge divergence building up, one more attack to take out the highs and move over 1.6...than a drop back to 1.58 or lower
You will stolen at the two ways
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,063
  • Mar 1, 2012 5:39am Mar 1, 2012 5:39am
what means stolen?
  • #302,064
  • Mar 1, 2012 5:42am Mar 1, 2012 5:42am
Quoting bbakker
In sorry but which part of this chart says bear??? Open your eyes!

  • #302,065
  • Mar 1, 2012 5:42am Mar 1, 2012 5:42am
Quoting PskovFX
my chart says bearish too
сan be says lies ??? will see when 1h candle will be closed
One never knows my friend, even the Queen.

We hope to get cash north or south.
this is our business.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,066
  • Mar 1, 2012 5:47am Mar 1, 2012 5:47am
Quoting Zircon
Double fibo in bearishness area.
Clearly bullish, my friend... although not really strong bull here
  • #302,067
  • Mar 1, 2012 5:53am Mar 1, 2012 5:53am
Quoting Donny_aw
Clearly bullish, my friend... although not really strong bull here
Really i dnt know, I am
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,068
  • Mar 1, 2012 5:55am Mar 1, 2012 5:55am
Quoting Donny_aw
Clearly bullish, my friend... although not really strong bull here

market will always try and screw the majority..its a plain simply fact..the majority mass position will lose..why cause broker ..sell the order books..and the big guns no the positions..

this is why forex is tough..and to be profitable..not only do u need to be good but also lucky..i miht be talking bulls**t here but is what i think
  • #302,069
  • Mar 1, 2012 6:06am Mar 1, 2012 6:06am
Quoting nAVIN2007
market will always try and screw the majority..its a plain simply fact..the majority mass position will lose..why cause broker ..sell the order books..and the big guns no the positions..

this is why forex is tough..and to be profitable..not only do u need to be good but also lucky..i miht be talking bulls**t here but is what i think
Hehehe... yeah, what we could say or comment is always regarding to the past; we saw a chart from the past - maybe about 5 minutes ago. None can exactly pinpoint what will happen in the future...
  • #302,070
  • Mar 1, 2012 6:25am Mar 1, 2012 6:25am
Quoting Donny_aw
Hehehe... yeah, what we could say or comment is always regarding to the past; we saw a chart from the past - maybe about 5 minutes ago. None can exactly pinpoint what will happen in the future...

this is true..however this also applies to everything in life..everythings future is forecast of it past..i have spend a long time trying to undrstand what we try and do..the simply truth is..if u were a child and had no pain triggers..trading would be the easiest thing ever to make money..

its a game totally played out in the head..ask yourself one thing are most of yur losses self inflicted..how many of the trades did u manually take the hit because of fear of failing in the blasted trade?

trading has completely changed the way i think as to b4 i started..its a blessing to learn so much form it!!..depending
  • #302,071
  • Mar 1, 2012 6:44am Mar 1, 2012 6:44am
Quoting Zircon
see the last candle opened near to 50 fibo ,as you know the turning point is often in this level( North or south).
On that chart of yours, price has now put in a higher low. Until price puts in a lower high (first sign), which would happen shy of 1.6 and then puts in a lower low, I do not see any bears. My suspicion is that we could range between yesterday's high and today's low, maybe pushing price higher above the high. Wait for the market to show its hand!

Look, with more than 5 years of trading experience, one would think you had sussed out the basics such as S/R and R turning to S as bbmac so clearly put in his post with visual delights and knowing when the timeframe says bull or bear!

Nav is spot on with the psychology side of trading too!

I am sitting at the barbers waiting for a much needed haircut. Work is pissing me off and I'm still not feeling 100%.

Anyway, do what you want and look at the charts how you want to. This is the last I am going to discuss on the subject. Time to sit back, relax, get back to full strength with healthy body and healthy mind so that I can focus on my trading and my P&L account again next week.

Good luck and goodbye!
  • #302,072
  • Mar 1, 2012 6:46am Mar 1, 2012 6:46am
Quoting Donny_aw
Clearly bullish, my friend... although not really strong bull here
carefull with ur statement........
  • #302,073
  • Mar 1, 2012 6:57am Mar 1, 2012 6:57am
Quoting Donny_aw
Clearly bullish, my friend... although not really strong bull here
bullish for a momment, lets wait for a bit
H4 strong bears i suggest short
risk at ur hand
  • #302,074
  • Mar 1, 2012 7:03am Mar 1, 2012 7:03am
Quoting bbakker
On that chart of yours, price has now put in a higher low. Until price puts in a lower high (first sign), which would happen shy of 1.6 and then puts in a lower low, I do not see any bears. My suspicion is that we could range between yesterday's high and today's low, maybe pushing price higher above the high. Wait for the market to show its hand!

Look, with more than 5 years of trading experience, one would think you had sussed out the basics such as S/R and R turning to S as bbmac so clearly put in his post with visual delights and knowing when...

So let me read later what u put it here, because i am not 100% english speaking, i will respond you soon.

good luck
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,075
  • Mar 1, 2012 7:08am Mar 1, 2012 7:08am
Quoting Donny_aw
Clearly bullish, my friend... although not really strong bull here
is that really clear?
  • #302,076
  • Mar 1, 2012 7:14am Mar 1, 2012 7:14am
Quoting nAVIN2007
this is true..however this also applies to everything in life..everythings future is forecast of it past..i have spend a long time trying to undrstand what we try and do..the simply truth is..if u were a child and had no pain triggers..trading would be the easiest thing ever to make money..

its a game totally played out in the head..ask yourself one thing are most of yur losses self inflicted..how many of the trades did u manually take the hit because of fear of failing in the blasted trade?

trading has completely changed the way i think as...
Indeed, I took too many losses due to fear of failing in the blasted trade... countless

But those experiences made me stronger... and told me that I am still clueless about what can happen, so I shall think think think before clicking. Alas, that is no guarantee - even after think hard - I read the chart correctly or react in the right way.

When I found FF, I glad that great trader as yourself shared what the analysis runs, that taught me to think better -- still no guarantee, though

Thank you,
Donny
  • #302,077
  • Mar 1, 2012 7:19am Mar 1, 2012 7:19am
Quoting grashid
carefull with ur statement........
What I meant is that picture showed a bullish patterns. Please understand that I am not meaning that next GU is in bullish nor bearish move.

Donny
  • #302,078
  • Mar 1, 2012 7:31am Mar 1, 2012 7:31am
price is building support and orders in 5900.

this thing will go up.

only a move and a strong close below 5880 could open again short pressure.
but even if below 5880 be careful, since a strong up-move still can happen near 1.60.

just my 2 cents.
lets see if markets will react in this NY session wit data + ben testifies
90% of traders use TA, indicators and prediction
  • #302,079
  • Mar 1, 2012 7:31am Mar 1, 2012 7:31am
Quoting PskovFX
TP close manually...
Almost similarly
Hi PskovFX,

Would you like to tell MA's you used for Trade ?
If you can, give the templates more better...

Memo :
You can send PM to me...
Always looking the GREAT, never left GOOD Point...
  • #302,080
  • Mar 1, 2012 7:32am Mar 1, 2012 7:32am
Quoting bbakker
On that chart of yours, price has now put in a higher low. Until price puts in a lower high (first sign), which would happen shy of 1.6 and then puts in a lower low, I do not see any bears. My suspicion is that we could range between yesterday's high and today's low, maybe pushing price higher above the high. Wait for the market to show its hand!

Look, with more than 5 years of trading experience, one would think you had sussed out the basics such as S/R and R turning to S as bbmac so clearly put in his post with visual delights and knowing when...

The trader must be right not only about market direction but also about many
other factors, such as volatility, stop placement, asset allocation, etc. Knowing about market direction is never enough to ensure trading success. This is why trading is difficult and not for everyone.
Trading implies actual market action. The trader must account for everything,
even for the failure of the best analysis.
Trading is far from simply knowing what the market will do and acting on it. The reason for this is that the goal of trading is to make profits, and profits are made with assets. The trader uses the science of managing his assets within a market environment.

This differs greatly from the belief that trading the markets is based only on
signals. Trading is a complex business. It must be learned and organized thoroughly before one begins to trade.

I respect you if you say i did not see any direction, u still out. you are safe, when you see this one hit it .


Concerning my chart as u see the TF is 4H not Daily.

I think I respond you
If skills could be acquired by watching, every dog would be a butcher. Turk
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