Cable Update (GBPUSD) | Page 15342 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #306,821
  • Apr 7, 2012 5:07am Apr 7, 2012 5:07am
Quoting A-speculator
hi mate,

i think that is because it is a sensitive topic to discuss about other trading styles..

Personally, I wouldn't discuss regarding that topic since usually traders here normally will stand around their own understanding and their own experiences trading the market, they are not so open minded..'and you will get critics if you touch that topic.

As i say before, from my understanding of the market, the overall fundamental is not crucial in trading, only crucial in investing the reason is, it will takes month for the fundamental to...
Very good words Speculator, glad I'm not the only one noticing fundies following techs still not sure what nAV is disagreeing with though, his post seemed to agree with my post. Watching movie now, chat later guys.
Come with me if you want to live....
  • #306,822
  • Apr 7, 2012 5:10am Apr 7, 2012 5:10am
Quoting _BBKing_
thanks!

have a good eastern you + family!

byebye
You too BB, take care, like your straight forward approach
Come with me if you want to live....
  • #306,823
  • Apr 7, 2012 5:16am Apr 7, 2012 5:16am
happy easter to all
  • #306,824
  • Apr 7, 2012 9:05am Apr 7, 2012 9:05am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
Here max damage up from 1.56 to 21 April
know the range options expire?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 71 KB
give 1 and get 100
  • #306,825
  • Apr 7, 2012 2:29pm Apr 7, 2012 2:29pm
Quoting _BBKing_
once i found my self because reasons of a move where saying up but price still went down for a lot of time. so then i asked my self:

"is it important to know the reason of a move or is it important trade that move?"
because everytime moves are clear!!! very clear!!! but our eyes can be closed by too many things"

IMO, fundamental aspects in forex trading are way too much complex to make money. because even if 1500 things says a price must go down, price can go up due to those 10 things you didn't give weight. and then?!.

we would...

Some very wise words in that post BBKing.......very nice.

Faller
I don't trust any move - when you have profit...take it.
  • #306,826
  • Apr 7, 2012 4:25pm Apr 7, 2012 4:25pm
Quoting _BBKing_
once i found my self because reasons of a move where saying up but price still went down for a lot of time. so then i asked my self:

"is it important to know the reason of a move or is it important trade that move?"
because everytime moves are clear!!! very clear!!! but our eyes can be closed by too many things"

IMO, fundamental aspects in forex trading are way too much complex to make money. because even if 1500 things says a price must go down, price can go up due to those 10 things you didn't give weight. and then?!.

we would...
Man, talk about 10 things that we don't give weight to, check this out.
I have been following his guy with great interest for a few years now, not investing, but reading his articles /videos etc and he has been alluding to this bombshell for quite sometime and has helped me form logical financial opinions about China/Washington. Just one of the startling revelations is that US debt is not $15 Trillion, but actually about $145 trillion when domestic financial reposibilitites are accounted for and they have no hope of paying this off without destroying the $US and submitting to Chinas superior financial position who unlike America have loads of spare cash in their pocket. Lots of very interesting info on Chinese economic position also. I don't personally understand many of the economic technicalities discussed here on FF, but this guys speaks my language, simple and logical.
He does a sales pitch at the end but it's a very low cost one and I have no connections with this guy, trust me
Anyway, enjoy.
http://finance.uncommonwisdomdaily.c...446&ec=4858126
Come with me if you want to live....
  • #306,827
  • Apr 8, 2012 6:05am Apr 8, 2012 6:05am
Quoting Ill-b-back
Man, talk about 10 things that we don't give weight to, check this out.
I have been following his guy with great interest for a few years now, not investing, but reading his articles /videos etc and he has been alluding to this bombshell for quite sometime and has helped me form logical financial opinions about China/Washington. Just one of the startling revelations is that US debt is not $15 Trillion, but actually about $145 trillion when domestic financial reposibilitites are accounted for and they have no hope of paying this off without destroying...
that might be true mate, but as the time of this writing, the asc TL still hold in the larger timeframe, but last Friday we have seen move to the upside but the move was contained by the minor resistance, price not even touch the 5900 level.

What that video says might take time to develop, definitely not next week. If we seen price make it to the 5900 zone, perhaps the move to the upside is developing, until then, we just follow the price swings..

I think targeting a very far level on cable atm will not be as lucrative as buying gold when the price was $200, cable is different and at current time, cable is not even trending nicely.. that is why i think we better of targeting just one swing at a time..

Anyway, nice video mate, always keep in mind that we are trading and not investing and the way most of us analyze the market, we just analyze it in small TF..
  • #306,828
  • Apr 8, 2012 6:08am Apr 8, 2012 6:08am
I for one won't be trading at all on monday given the bank holiday, I only traded on friday because of NFP and caught a nice spike on USDCAD, I'm also not a fan of bank holidays in the UK - no trading opportunitys!!!

"Phuck da eastah bunneh"
  • #306,829
  • Apr 8, 2012 6:08am Apr 8, 2012 6:08am
Since today is holiday, i would like to share a story which i got from the internet, it is about how the stock market works and i think can be relate to the fx world as well:

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up with all their savings and bought all the monkeys. They never saw the man nor his assistant, only monkeys everywhere!

Now you have a better understanding of how the stock market works.
  • #306,830
  • Apr 8, 2012 8:05am Apr 8, 2012 8:05am
Quoting A-speculator
that might be true mate, but as the time of this writing, the asc TL still hold in the larger timeframe, but last Friday we have seen move to the upside but the move was contained by the minor resistance, price not even touch the 5900 level.

What that video says might take time to develop, definitely not next week. If we seen price make it to the 5900 zone, perhaps the move to the upside is developing, until then, we just follow the price swings..

I think targeting a very far level on cable atm will not be as lucrative as buying gold when...
I know Speculator I know, always count on you to keep me honest bro
Come with me if you want to live....
  • #306,831
  • Apr 8, 2012 10:26am Apr 8, 2012 10:26am
No



Quoting kstyxxx
Guys please share your ideas regarding GBPUSD. What is point to discuss some irrelevant stuff?
Stochastic looks oversold. Does it matter?
https://www.tradingview.com/i/j7eI60uV
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #306,832
  • Apr 8, 2012 10:29am Apr 8, 2012 10:29am
May be consolidate then down ,under 1.58 straight to 1.56
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 8-4-12.gif Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #306,833
  • Apr 8, 2012 10:57am Apr 8, 2012 10:57am
Quoting Ill-b-back
I know Speculator I know, always count on you to keep me honest bro
sometimes i always think that fundamental is a distraction to traders this is due to the trader(s) will try to figure out the effect based on his understanding of the market, always limited by his/her knowledge and limited access to pure fundamental data - datas without being manipulated.

anyway, i think i have to go back doing my mad research on astrology, and i think i won't be posting as much..

Until then, see u later mate & wish green pips with you, always.. Always remember your tagline mate, this is not economy 101, this is trading 101..
  • #306,834
  • Apr 8, 2012 10:59am Apr 8, 2012 10:59am
Is bullish
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy w1 8-4.gif Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #306,835
  • Apr 8, 2012 11:47am Apr 8, 2012 11:47am
i think looks bearish ,but will admit lower wick slight concern ,also close over support


Quoting Bones
May be consolidate then down ,under 1.58 straight to 1.56
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 5-4-12.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #306,836
  • Apr 8, 2012 1:05pm Apr 8, 2012 1:05pm
Quoting Bones
No
I will pose this question......which move was more powerful - when stochs were oversold (YELLOW CIRCLES) or when stochs were overbought (BLUE CIRCLE)

You need to know how to use an indicator.

Happy Easter....

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: j7eI60uV.png Size: 94 KB
I don't trust any move - when you have profit...take it.
  • #306,837
  • Apr 8, 2012 1:45pm Apr 8, 2012 1:45pm
I don't think you do ,really

Indicators = unreliable
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #306,838
  • Apr 8, 2012 1:48pm Apr 8, 2012 1:48pm
,trying to add a Popper discussion ,opposite views welcome



Quoting kstyxxx
Guys please share your ideas regarding GBPUSD. What is point to discuss some irrelevant stuff?
Stochastic looks oversold. Does it matter?
https://www.tradingview.com/i/j7eI60uV
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #306,839
  • Apr 8, 2012 2:05pm Apr 8, 2012 2:05pm
Quoting Bones
I don't think you do ,really

Indicators = unreliable

What does that mean? Are you saying that I don't know how to use indicators?

Please clarify before I respond.

Thank you.

Faller.
I don't trust any move - when you have profit...take it.
  • #306,840
  • Apr 8, 2012 2:19pm Apr 8, 2012 2:19pm
lol its my opinion ,thats all ,main point is you dont need,if price is bearsh or bullish can bounce around round lower upper levels for ages ,

Lets start again where do you see price going ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
591 traders viewing now, 1 is registered: