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Cable Update (GBPUSD)

  • #305,861
  • Apr 3, 2012 2:40am Apr 3, 2012 2:40am
Quoting Faller
with all due respect it is comments like the ones that I have just read that make me want to stop posting at forex factory forever......

bull flag....

I am stoned....

I am full of shit....

blah blah blah......

there is a second part to this pair etc......

I love all you guys.......but like I said earlier.....and you will have to go back and read my posts because I am not going to link to them.....

I am disappointed iin so many traders here.....

I think my time here is done....except to read the the BS posts to confirm my...
This bro, I commented that there are 2 halves to this pair and while everyone seems obsessed with the GBP, scant attention is being given to the USD and forces that are driving it south. You mentioned it in the above post along with my bull flag comment as a reason why you are disappointed in traders here. To be honest, it confused the heck out of me.
Come with me if you want to live....
  • #305,862
  • Apr 3, 2012 2:40am Apr 3, 2012 2:40am
Quoting mizisan
Yesterday was Pinocchio bar? waiting for construction PMI to be release.
Definitely not a pin bar by any definition.
Gone to a better place
  • #305,863
  • Apr 3, 2012 2:41am Apr 3, 2012 2:41am
Quoting Faller
Spain has a reported unemployment rate of almost 30%


and they project contraction in GDP in years to come.....

down euro down....

Spain is the Worlds 5th largest economy.

Since when?
  • #305,864
  • Apr 3, 2012 2:43am Apr 3, 2012 2:43am
Quoting Rasi
Since when?

Just heard it on my Business News Channel - Canadian TV News Channel - and you know us Canadians......we tell the truth.
I don't trust any move - when you have profit...take it.
  • #305,865
  • Apr 3, 2012 2:44am Apr 3, 2012 2:44am
Quoting smikester
Definitely not a pin bar by any definition.
thx bro..
  • #305,866
  • Apr 3, 2012 2:45am Apr 3, 2012 2:45am
Quoting Ill-b-back
This bro, I commented that there are 2 halves to this pair and while everyone seems obsessed with the GBP, scant attention is being given to the USD and forces that are driving it south. You mentioned it in the above post along with my bull flag comment as a reason why you are disappointed in traders here.

all I can say is yes I said that.....but I was probably typing faster then I was thinking.....but yes I typed it.......

good digging up!

I wish I could edit that sentence out.....but it is there.....

I must have been drunk when typing.

Faller.
I don't trust any move - when you have profit...take it.
  • #305,867
  • Apr 3, 2012 2:46am Apr 3, 2012 2:46am
Quoting Ill-b-back
I use a swing trading strategy on various timeframes. I will hold the hedged position until my system tells me we are heading for a reversal, so it is clear when I should exit my long. Then once (if), the planned swing plays out, I will ride it south until system says to go long again for a reverse, at which point I will exit my shorts. I am just being methodical since without my system, my analysis sucks and I don't trust my own judgement. I do trust my system however and it suggests a retrace. If it does retrace and I get a decent buy signal,...
this is a game of numbers, you see.. if you still see the numbers in your trading station as your income meaning that you still have to work out with your emotions..

this is the reason why, one can trade in demo successfully but failed when trading the real accounts.. you have to see your profit/losses as just numbers.. the key is how to win, not how much you can win.

Old saying "The winners always think how much he can lose (thus he calculates the RR ratio, position sizing and money management factor), but looses always think how much he can profit".

Just my 2 cents.
  • #305,868
  • Apr 3, 2012 2:47am Apr 3, 2012 2:47am
Quoting Faller
all I can say is yes I said that.....but I was probably typing faster then I was thinking.....but yes I typed it.......

good digging up!

I wish I could edit that sentence out.....but it is there.....

I must have been drunk when typing.

Faller.

Being drunk is a big part of trading.....

Sometimes that is how I time my trades....some people have price stops.....some people have time stops.........

When you are hammered and trading.....a time stop would be good.......for instance.....you place a trade.....and you say to yourself......I will close the trade when I am finished my 3rd beer!!!!!! ha ha ha ha!!!!!
I don't trust any move - when you have profit...take it.
  • #305,869
  • Apr 3, 2012 2:49am Apr 3, 2012 2:49am
Quoting A-speculator
this is a game of numbers, you see.. if you still see the numbers in your trading station as your income meaning that you still have to work out with your emotions..

this is the reason why, one can trade in demo successfully but failed when trading the real accounts.. you have to see your profit/losses as just numbers.. the key is how to win, not how much you can win.

Old saying "The winners always think how much he can lose (thus he calculates the RR ratio, position sizing and money management factor), but looses always think how much he can...

I don't trust any move - when you have profit...take it.
  • #305,870
  • Apr 3, 2012 2:51am Apr 3, 2012 2:51am
Quoting mizisan
thx bro..
You are welcome. Think of a cherry on a stalk. That would be the ideal pin bar. Now you have to put it in the right position. Not in consolidation, it's meaningless. If it's at what you think is a top, you have to find another reason to back that up or else trade very carefully.
Gone to a better place
  • #305,871
  • Apr 3, 2012 2:51am Apr 3, 2012 2:51am
Quoting A-speculator
this is a game of numbers, you see.. if you still see the numbers in your trading station as your income meaning that you still have to work out with your emotions..

this is the reason why, one can trade in demo successfully but failed when trading the real accounts.. you have to see your profit/losses as just numbers.. the key is how to win, not how much you can win.

Old saying "The winners always think how much he can lose (thus he calculates the RR ratio, position sizing and money management factor), but looses always think how much he...
Bro, I said I am methodically following my system signals, no emotions involved. I hedge not because of fear of loss, but because on soft signals my system works best that way. Please stop trying to correct me and my trading style, it is getting on my nerves a little.
Come with me if you want to live....
  • #305,872
  • Apr 3, 2012 2:53am Apr 3, 2012 2:53am
maybe she wanna make abcd pattern first in tf 5 minutes but not sure also for this. let see
not euphoria follower
  • #305,873
  • Apr 3, 2012 2:53am Apr 3, 2012 2:53am
Quoting Ill-b-back
Bro, I said I am methodically following my system signals, no emotions involved. I hedge not because of fear of loss, but because on soft signals my system works best that way. Please stop trying to correct me and my trading style, it is getting on my nerves a little.
alright mate.. sorry.
  • #305,874
  • Apr 3, 2012 2:53am Apr 3, 2012 2:53am
Quoting Faller
Being drunk is a big part of trading.....

Sometimes that is how I time my trades....some people have price stops.....some people have time stops.........

When you are hammered and trading.....a time stop would be good.......for instance.....you place a trade.....and you say to yourself......I will close the trade when I am finished my 3rd beer!!!!!! ha ha ha ha!!!!!
Love it bro, kind of like me with my driving . Anyway, I thought you were stoned
Come with me if you want to live....
  • #305,875
  • Apr 3, 2012 2:58am Apr 3, 2012 2:58am
the price is acting like calmness before a storm.. i hate when it do that..

maybe they are all waiting for the coming fundamental data release..
  • #305,876
  • Apr 3, 2012 2:58am Apr 3, 2012 2:58am
Quoting mizisan
thx bro..
But it's a doji. Might be a reversal.
Gone to a better place
  • #305,877
  • Apr 3, 2012 2:59am Apr 3, 2012 2:59am
G/M

Doji canndle close on the Daily yesterday ! 4hr/Daily remain in uptrends, 1hr a little mixed now between yesterday's 6061 hi and the pullback lo of 5990 (85.4% 5977-6061) off that Hi.

To the upside:

[ Descending 1hr trend line on present 1hr candle
[ 6042-45 prev 1hr sw hi zone
6053-61 prev minor 4hr/1hr sw hi zone
6063 Daily R1 @/around
6075-92 prev Daily sw hi zone incl 6087= 61.8% 6617-5234
6097 Weekly R1 @/around
6103-15-30 prev Daily sw hi zone incl 6103 = Daily R2 @/around
6136-65 prev Wkly/Daily sw hi zone incl 6146 = Daily R3 @/around, and 6163= 76.4% 6454-5234
6163 Monthly R1 @/around
6167 61.8% 6746-5234
6184 Weekly R2 @/around
6240-80 prev minor Daily sw lo zone (non immed) incl 6275= 85.4% 6454-5234
6289 76.4% 6617-5234
6317 Monthly R2 @/around
6360-70 descending Weekly t/line on present Daily candle
6388 76.4% 6746-5234
6413 85.4% 6617-5234
6419-53 prev Daily sw hi zone incl 6420=Weekly R3 @/around
6524 85.4% 6746-5234
6550-73 prev Daily sw hi zone
[ 6575-85 descending monthly trend line on present daily candle
[ 6580-6617 prev Wkly/Daily sw hi zone

G/L
ex member
  • #305,878
  • Apr 3, 2012 3:05am Apr 3, 2012 3:05am
we got uptrust on ucad.. at least that's the first sign. let's see if we manage to close this 4h candle above the 9900 support level and bring pressure to cable..
  • #305,879
  • Apr 3, 2012 3:09am Apr 3, 2012 3:09am
Daily Pivot at the current daily lo as price again tests that previous 1hr swing lo zone....not shown on 1hr pic below are the fibs of the major 4hr swings up from and including 5601. Daily S1 is @/around 5980, Daily S2 5837 and Daily S3 5897

Uk PMI construction data @ 0928/0930 am gmt.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 115 KB
ex member
  • #305,880
  • Apr 3, 2012 3:09am Apr 3, 2012 3:09am
Quoting bbmac
G/M

6075-92 prev Daily sw hi zone incl 6087= 61.8% 6617-5234

G/L
Thanks for the numbers. I am looking at this area.
Gone to a better place
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pgburty