Cable Update (GBPUSD)

Quoting Ill-b-back

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It was half in jest as shown by my , my broad point was that an ideal entry on a 16 month chart leads a lot to interpretation because as you said, you have more lee way and larger SL so to pick an entry with a small SL is harder as a 16 month chart makes it hard to see where price is likely to go in the future, since we are playing with a very high timeframe and new TL's can form against our position. So it seems your own response supported my statement.

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Quoting Faller

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Ah fak.....now you really confused me.

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Quoting Ill-b-back

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It's just my view bro. To me, a good entry has a small SL in comparison to the TP, enter on the retrace against the trend. On a 16 month chart, who has a clue where price will retrace to?? That was my point. However, having said this, nAVs TL which I have adopted, shows a clear retest
Of the broken TL, so patiently waiting for this occurrence would have been more optimal in hindsight

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Quoting Faller

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Sometimes you are too serious - I was just jesting! Maybe it is because we are in different time zones.....it is 9PM here...I am ready to hit the sack....what time is it at your end?

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Quoting Ill-b-back

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1107am here bro, I am at work and not happy about it, I WANT TO TRADE FULLTIME!!! Can you tell

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Quoting Ill-b-back

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Humble and professional, I am not professional and depending on how my trading is going, I may not be humble either. BUT, personally from my own observation, no pair obeys fibs like the GU, that's just my view, and I have noted your bullish and bearish fibs confluence many, many times. They are not strictly part of my system but they occur non the less.

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Quoting pinkiaiii

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quick question,who has knowledge im shorting gbp/aud, and on different account shorting NZD/usd So if one follows another also gonna be going same direction or other way around?As i dont want one acount going up other down.

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Quoting Faller

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Take care of the family first.....sometimes I wish I still wish I ran my sports repair business - it was pretty steady income.........we can't have it all.

Enjoy what you are doing when you are doing it....and if you are not enjoying it make a change - don't be a slave to yourself.

If you don't like it - change it - if you can't change it - suck it up and deal with it.

Everything above was said with love and respect -

Is your business steady?

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Quoting iqyu5an

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can we break grey area ? if so .. what next ?

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Quoting eggs

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'preciate the insight IBB. Thanks for bringing it to my attention.

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Quoting Ill-b-back

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No worries eggs, glad to help. I'm from the south also, southern NSW dairy farm originally, do I have quite a bit of yokel on me also.

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Quoting eggs

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Now thats some funny s@!#. South Eastern US. Not to say your native land of Australia does not come with its own inherent cultural differences based on an inferior geographical location relative to the "north".

Sorry its just most folks over here, in the US that is, believes the "south" is full of inbred hicks with straight hair & curly teeth.

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Quoting Ill-b-back

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Well, that IS what I hear. How about a portrait for your avatar? If you put in Brad Pitt, you will be laughed of FF remember

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Quoting eggs

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& before you ask.... Yes. My brother trades the capital markets as well....We get that one all the time....Price action mostly....Moving average crosses & the like.

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Quoting Ill-b-back

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good one eggs, I was hoping to see this I must confess, my avatar is my cousin with my wife and her fathers child, we are a #*%^ed up family...

Oh, and by the way, I actually do look like Brad Pitt

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Quoting eggs

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O.K. You win. You are WAAAYYY funnier

Nice meeting you IBB! Look forward to chatting with you in the future.

While I'm not new to the FF site I've primarily only USED FF.com as all inclusive undergraduate degree in FX.

I will say I owe much of the VERY little I know about the markets to this site. I've only recently become philanthropic about giving back to the site.

Tell me? I've seen a lot of banter and chatter about the GU here. BUT. Is this the best place on the site for bouncing around Price Action oriented...

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Quoting Ill-b-back

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I'm afraid I don't know bro, I just hang out here to be honest. Maybe ask longer term members like Faller or nAV, they would have a better idea.

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Quoting Faller

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the best place to be is where you want to be - for me I am thinking about starting a new thread - this one is not providing a lot of helpful information - lot's of people are just thrashing other people for no reason - well....probably because they are on the wrong side of the trade or their girlfriend or wife is pissed at them......I know that there are better price action threads out there....I am thinking about starting my own -

All serious comments above.

Cheers,

Faller.

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Quoting bguguen

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Shorting NZDUSD is always a smart move, NZD is only benefiting from the sell of USD as see in other pairs like EURUSD, GBPUSD, AUDUSD
however weird thing is good news are coming out in US and are totally ignore while Bad news from China USUALLY affecting both AUDUSD and NZDUSD is slightly ignored by the Kiwis... i wonder why...
just as i wonder why EURUSD and GBPUSD are ignoring the good USD news...

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