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Cable Update (GBPUSD)

  • #305,361
  • Mar 29, 2012 10:48am Mar 29, 2012 10:48am
12AM here,,,,,,good night all
got to work tomorrow,,,,,

I trade to live
  • #305,362
  • Mar 29, 2012 12:03pm Mar 29, 2012 12:03pm
Battling to post.

New trader starting small live account ( $ 2500).

Like longer term charts - 4hr to daily. Entered short a day or so ago. Want 1.5750 as TP.

Hope to learn and contribute

Cheers
Attached Image (click to enlarge)
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  • #305,363
  • Mar 29, 2012 12:08pm Mar 29, 2012 12:08pm
Quoting UbuFamily
I've been waiting any senior in here saying this.....as a matter of fact, before I post my charts and entry and successful trade, I always inform that I'm a scalper right???
imho, that's not a good idea because in doing that, this thread will become a signal service thread and newcomers won't learn anything. To me, the hardest thing in forex is not the technicals.. the technicals is easy to master, give u enough time & you will definitely have all the TAs in the back of your hand. The hardest thing to master is the emotional, to overcome your greed and fear really need strong discipline. You can't master it by simply following others. That is why normally i only give the area of the s&r levels, sometimes i give the SL level but not the target (this is due to risky trade and i'm afraid if anyone follows will let the position float without any action taken to cut the losing trade).. i expect you can figure that out yourself..

I think this issue came out after members bashing one another in here, to me, i'm always keep an open mind in terms of other technical analysis. I will point out my views but if the trade insist doing what he thinks best for him, i'll let it be..

Now back to trading, i have positions in fiber and have closed my position in cable since i see a lot more potential in fiber rather than cable due to EG and swissy. Anyway, i think my opinion regarding cable stays the same, as long as 5925 intact, i'm siding with the bears.. i'll PO at about 5920-5925 with stops just above the last fractal in 4h.

Penat nie bro.. baru lepas kenduri arwah,kemas2... kawan tido dulu la.. sabar je la eh.. position ko tu kawan rasa bole tu.. bawak bertenang, selagi tak break 5925 ada can lg tu.. ada masa nnt kita sembang lg, ok..
  • #305,364
  • Mar 29, 2012 1:06pm Mar 29, 2012 1:06pm
problem is that charts are saying 1 thing
while people think that it is not the real thing, because they think that what they know (or what some-misterious-one said a day long time ago) is the truth.
indeed for ages we were sure that was the sun moving and the earth was the center of the universe.

(are you sure that the earth is round? did some one of you went to the moon and saw the round earth?)

still today there is some one who believe in a lot of things only because some one said, and because a lot of people believe in that same thing. (...)

"homo sapiens sapiens"

believe me:

"market" loves you!!!
90% of traders use TA, indicators and prediction
  • #305,365
  • Mar 29, 2012 1:06pm Mar 29, 2012 1:06pm
Quoting PoundTrader
it's about to be another murda.
In the 1st degree, totally pre-meditated
Come with me if you want to live....
  • #305,366
  • Mar 29, 2012 1:44pm Mar 29, 2012 1:44pm
Quoting Red Alert
hei bro.... i was slaughtered twice because of this inital "fucking news", since the fact went in opposite ways from their forecast....it make me a bit nervous....having 4 lot in cable and 1 lot in aussi make me stress....
hope u ok bro
  • #305,367
  • Mar 29, 2012 1:54pm Mar 29, 2012 1:54pm
Quoting Ill-b-back
In the 1st degree, totally pre-meditated
ok im gonna clear up a few things or try..

i am not a scalper or a long term trader but i would say im a dailly intraday trader..i try to be all of them..that was the reason behind taking this trade i wanted to develop myself

not about the money at all

its about making myself tough

this is the only trade i have taken where i have held a posiiton for a while and i did stress it was a long term trade

this forum is about contributing, not making trade calls for recognition..why i spend time in here and not in other threads?

because this thread has people who havent a friggin clue..yes!!!
and to help someone who just like myself initially I was lost i had a few good people..show me the way..

one of them was tom..without his help..i probably have left trading..the other guy was moe, bless his soul

for me helping someone who is lost makes this worthwhile..
hopefully this thread came remain in this spirit


Quoting nAVIN2007
daiily chart analysis

from what i can see..wick on stop side good sign if body body is small..

so to options..it either tank today..then bearish..
or body fails to break low of yesterday which will give opportunity to bulls

either way very difficult read

fellar had a great sell position..might have been a good trade to hold
pity what i quote made no sense, my typing sucks!!
hopefully what i tried to say is understood..
  • #305,368
  • Mar 29, 2012 2:02pm Mar 29, 2012 2:02pm
Quoting nAVIN2007
ok im gonna clear up a few things or try..

i am not a scalper or a long term trader but i would say im a dailly intraday trader..i try to be all of them..that was the reason behind taking this trade i wanted to develop myself

not about the money at all

its about making myself tough

this is the only trade i have taken where i have held a posiiton for a while and i did stress it was a long term trade

this forum is about contributing, not making trade calls for recognition..why i spend time in here and not in other threads?

because this...
Hey bro, my comment is simply a reply to PT's comment (in fact his last 2 murda comments). To me, this has been a master market stroke. If I was not hedged, I would have lost today (would not have traded yesterday). I still totally believe in your target as I have pointed out many times, but my system indicates possible/probable daily directions, nothing to do with longer term bro
Come with me if you want to live....
  • #305,369
  • Mar 29, 2012 2:06pm Mar 29, 2012 2:06pm
Quoting Ill-b-back
Hey bro, my comment is simply a reply to PT's comment (in fact his last 2 murda comments). To me, this has been a master market stroke. If I was not hedged, I would have lost today (would not have traded yesterday). I still totally believe in your target as I have pointed out many times, but my system indicates possible/probable daily directions, nothing to do with longer term bro
brother i simply quoting yur text cause it the last post..nothing i write is aimed at u..or any1..lets just keep this thread by helping without any other intention..

1 year from now many here wont be..this is forex all the old guns are lost, perhaps in moscow looking for bulls
  • #305,370
  • Mar 29, 2012 2:13pm Mar 29, 2012 2:13pm
Quoting nAVIN2007
brother i simply quoting yur text cause it the last post..nothing i write is aimed at u..or any1..lets just keep this thread by helping without any other intention..

1 year from now many here wont be..this is forex all the old guns are lost, perhaps in moscow looking for bulls
Ok sorry nAV, a bit confusing. But quoting someones post usually indicates intention towards right? I would have thought maybe just press "post reply" button for a general post. Sorry dude.
Come with me if you want to live....
  • #305,371
  • Mar 29, 2012 2:13pm Mar 29, 2012 2:13pm
Quoting nAVIN2007
brother i simply quoting yur text cause it the last post..nothing i write is aimed at u..or any1..lets just keep this thread by helping without any other intention..

1 year from now many here wont be..this is forex all the old guns are lost, perhaps in moscow looking for bulls
lol i came to see how this thread is and people firing at each other :O
  • #305,372
  • Mar 29, 2012 2:20pm Mar 29, 2012 2:20pm
Eu finished his homeworks with 3250-60 area.
AU? IMo found the so suffered bottom.

and so GU is free to take back her direction.

eheheh

nice.
90% of traders use TA, indicators and prediction
  • #305,373
  • Mar 29, 2012 2:25pm Mar 29, 2012 2:25pm
Quoting Ill-b-back
Ok sorry nAV, a bit confusing. But quoting someones post usually indicates intention towards right? I would have thought maybe just press "post reply" button for a general post. Sorry dude.
no worries bro!! no seriously not intented to any1 but man ..this glory for recognition is the sort of thing where i just think whats the friggin point..

i might be a very good analyst (chart reading is my strength) but im not a good trader there are plenty of folks ..that can whoop meh for six
  • #305,374
  • Mar 29, 2012 2:27pm Mar 29, 2012 2:27pm
Quoting _BBKing_
Eu finished his homeworks with 3250-60 area.
AU? IMo found the so suffered bottom.

and so GU is free to take back her direction.

eheheh

nice.
moscow bulls (what can u say!!)
  • #305,375
  • Mar 29, 2012 2:34pm Mar 29, 2012 2:34pm
Quoting nAVIN2007
moscow bulls (what can u say!!)


it's nearly unbelievable how price taking such a perfect timing!!!
90% of traders use TA, indicators and prediction
  • #305,376
  • Mar 29, 2012 2:36pm Mar 29, 2012 2:36pm
Quoting gsbotes
lol i came to see how this thread is and people firing at each other :O
do you want a gun?
i can sell you one for some $ so you join the party
90% of traders use TA, indicators and prediction
  • #305,377
  • Mar 29, 2012 2:47pm Mar 29, 2012 2:47pm
1.5998 and price still here again. pip more pip less.
few hours to take out again 5950 before day end.
and bit more than 24 hours to print w/m/q closing price.....

the worst things came out this week in news.
but price still here.

things are 2:
1. price will take care about these things next week
2. price is already taking care about something which will probably come out tomorrow, just pure random fact.

time will tell
90% of traders use TA, indicators and prediction
  • #305,378
  • Mar 29, 2012 3:14pm Mar 29, 2012 3:14pm
Quoting _BBKing_
1.5998 and price still here again. pip more pip less.
few hours to take out again 5950 before day end.
and bit more than 24 hours to print w/m/q closing price.....

the worst things came out this week in news.
but price still here.

things are 2:
1. price will take care about these things next week
2. price is already taking care about something which will probably come out tomorrow, just pure random fact.

time will tell
price has meaning ..end of month approaching the prints are very impt..i personally saw this as a possibilty..i had this feeling the minute price went up to 1.5930 and rejected..i knew for bears they better drive it below yesterday close otherwise that support would support technicals

but there was so much bitching earlier..it would have been a case " u only saying this cause yur a bull and u need a bull to break even"

yur analysis has been great this week bro..very nice chart hindsight
  • #305,379
  • Mar 29, 2012 3:27pm Mar 29, 2012 3:27pm
Quoting gsbotes
lol i came to see how this thread is and people firing at each other :O
  • #305,380
  • Mar 29, 2012 3:39pm Mar 29, 2012 3:39pm
Quoting nAVIN2007
price has meaning ..end of month approaching the prints are very impt..i personally saw this as a possibilty..i had this feeling the minute price went up to 1.5930 and rejected..i knew for bears they better drive it below yesterday close otherwise that support would support technicals

but there was so much bitching earlier..it would have been a case " u only saying this cause yur a bull and u need a bull to break even"

yur analysis has been great this week bro..very nice chart hindsight
tks for nice word... anyway i did my mistakes with timings and some levels

IMO the move to 5920-25 so straight have been really damaging, but i expected to see it worst than what it actually looks! but i was not in charts so maybe price was crazy into that range 5890-5860!
the move came exactly when price was showing a kind of weakness! the kind of "angry" move again! i really think that what keeps weak GU actually is EU n AU. otherwise this baby would already be above 1.6000 not caring about techs, tests, fucks etc... ehhehe
AU have been damn hidden until reached the "pip" where looks like found satisfaction. typical in AU! i bet it happened exactly where most of traders lost the hope to go long and let things for tomorrow....
GJ today destroyed everything with a 150 pips V turn!!!!! impressive!! that pair is conquering a lot of my interest!

what i don't understand is why so few people posting setups and trades. maybe everyone scared to be wrong in this not certainly easy market...
90% of traders use TA, indicators and prediction
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