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Cable Update (GBPUSD)

  • #307,181
  • Apr 10, 2012 7:50am Apr 10, 2012 7:50am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
4HR Pin closing @ trendline support
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  • #307,182
  • Apr 10, 2012 8:05am Apr 10, 2012 8:05am
Quoting bguguen
not tired... though i can get bored with this sort of market movements...
and yea got him put on the iggy list and the fun's gone
je ne comprend pas (and yea got him put on the iggy list and the fun's gone)
pouriez vous me eclaircir
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #307,183
  • Apr 10, 2012 8:09am Apr 10, 2012 8:09am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Zircon
je ne comprend pas (and yea got him put on the iggy list and the fun's gone)
pouriez vous me eclaircir
Yes. Please explain.
  • #307,184
  • Apr 10, 2012 8:16am Apr 10, 2012 8:16am
Quoting Zircon
je ne comprend pas (and yea got him put on the iggy list and the fun's gone)
pouriez vous me eclaircir
d'accord, j'ai dit qu'il (allseeingeyes) est vraiment un nuissance sur ce site, j'ai lui metre dans le liste ignores, et maintenant, ca fait plus calme non?
mais alors, ce n'est pas encore amusant....
Pardon avec mes francais mais, il a 2 ans je n'a pas parler en francais...
excuser moi
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,185
  • Apr 10, 2012 8:17am Apr 10, 2012 8:17am
Quoting eggs
Yes. Please explain.
I d't understand it's last post, ?? just i need to know what he is saying
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #307,186
  • Apr 10, 2012 8:20am Apr 10, 2012 8:20am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
gotcha
  • #307,187
  • Apr 10, 2012 8:25am Apr 10, 2012 8:25am
and instead of taking time to post shit cartoons, and take time to post comments on other's trades, or having handjobs posting your profits

YOU ALL

ask your self if this is a bullish overall action or if it is a bearish action.

because if it is bullish and you are short, start asking your self if where and when get out.
if it is bearish, ask your self where get a damn entry.

for what i see, i have no reasons to think that price will be soon below the blue rectangle.
maybe once the blue rectangle will be broken out, shorts will be in play.
but the blue rectangle is a great area where search longs. to get at least the upper gray rectangle.
for those who like TL and xmas trees, best target area is the upper yellow line.

my cat drawn this chart and asked me to take the time to post it.
so forgive me because only few post ago i said i would have not posted anymore.

good luck.
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90% of traders use TA, indicators and prediction
  • #307,188
  • Apr 10, 2012 8:26am Apr 10, 2012 8:26am
Considering "current" PA, I am curious about the 5770 area before looking below for reaction points.
It has created reactions before. 11.24pm here, I'm off to bed.
Night all
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Come with me if you want to live....
  • #307,189
  • Apr 10, 2012 8:26am Apr 10, 2012 8:26am
Quoting bguguen
d'accord, j'ai dit qu'il (allseeingeyes) est vraiment un nuissance sur ce site, j'ai lui metre dans le liste ignores, et maintenant, ca fait plus calme non?
mais alors, ce n'est pas encore amusant....
Pardon avec mes francais mais, il a 2 ans je n'a pas parler en francais...
excuser moi

so how was my call buddy. told you 1.5850 is coming. i sold again at 1.5875. i think it is due for a huge fall. it is the weakest in the markets so far.
  • #307,190
  • Apr 10, 2012 8:28am Apr 10, 2012 8:28am
Quoting _BBKing_
and instead of taking time to post shit cartoons, and take time to post comments on other's trades, or having handjobs posting your profits

YOU ALL

ask your self if this is a bullish overall action or if it is a bearish action.

because if it is bullish and you are short, start asking your self if where and when get out.
if it is bearish, ask your self where get a damn entry.

for what i see, i have no reasons to think that price will be soon below the blue rectangle.
maybe once the blue rectangle will be broken out, shorts will be in play.
but...
how does it matter. whether it is bullish or bearish. we are here to make pips and we will do that.
  • #307,191
  • Apr 10, 2012 8:34am Apr 10, 2012 8:34am
Quoting Nachiket
so how was my call buddy. told you 1.5850 is coming. i sold again at 1.5875. i think it is due for a huge fall. it is the weakest in the markets so far.
Its a great call, perfect one too if you caught my call earlier today saying it will tank once london opens... wherever it opened...

anyways see how the Bulls reaciton upwards is dissipating now??
thats the reason why i find this market boring...
if we do head downside however... 1.5820-1.5800 proves to be heck of a support, i hope it breaks though...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,192
  • Apr 10, 2012 8:40am Apr 10, 2012 8:40am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
Its a great call, perfect one too if you caught my call earlier today saying it will tank once london opens... wherever it opened...

anyways see how the Bulls reaciton upwards is dissipating now??
thats the reason why i find this market boring...
if we do head downside however... 1.5820-1.5800 proves to be heck of a support, i hope it breaks though...
Please. Non confrontational response here....But Don't you think the market would have reacted a little more convincingly bearish as price traded into this .5800 area earlier in the session?
  • #307,193
  • Apr 10, 2012 8:42am Apr 10, 2012 8:42am
Quoting _BBKing_
and instead of taking time to post shit cartoons, and take time to post comments on other's trades, or having handjobs posting your profits

YOU ALL

ask your self if this is a bullish overall action or if it is a bearish action.

because if it is bullish and you are short, start asking your self if where and when get out.
if it is bearish, ask your self where get a damn entry.

for what i see, i have no reasons to think that price will be soon below the blue rectangle.
maybe once the blue rectangle will be broken out, shorts will be in...
I however got an intersting question to ask... not to disrespect of course but id like some opinoin on this... why do some traders believe that the market has to reach a certain point on a trendline before trend/direction changes? obviously fib retracement levels could also be multiple places where trends could change... so actually the market doesnt have to go up to your yellow line on the top side before a down move could happen... This is on the technical Perspective...
While on the fundamental perspective... charts doesnt matter, a news can come out any time and regardless where the market is the market could always ignore the technicals and change the direciton as it pleases when news comes....

So please do enlighten me why you are so obsessed with how a market must follow technicals??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,194
  • Apr 10, 2012 8:44am Apr 10, 2012 8:44am
Quoting eggs
Please. Non confrontational response here....But Don't you think the market would have reacted a little more convincingly bearish as price traded into this .5800 area earlier in the session?
no confrontation... but when gbpusd fell like a 100 pips from london open at 1.5920 to 1.5800 i dont see why i wouldnt give GBPUSD a chance for an intraday retracement say 20-30 pips and continue down...
well the risk sentiment today is pretty risk off so no reason to be buying EUR or the GBP so its a down day... in fact as an intraday trader you shouldve actually loaded short on the retracement up to 1.5880 aiming for 1.5800 again...
thats just my opinion...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,195
  • Apr 10, 2012 8:49am Apr 10, 2012 8:49am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
I however got an intersting question to ask... not to disrespect of course but id like some opinoin on this... why do some traders believe that the market has to reach a certain point on a trendline before trend/direction changes? obviously fib retracement levels could also be multiple places where trends could change... so actually the market doesnt have to go up to your yellow line on the top side before a down move could happen... This is on the technical Perspective...
While on the fundamental perspective... charts doesnt matter, a new can come...
Very True. Just because you have a line on your chart does not mean price will respond. However. There are no sure plays or constants when speculating on fundamentals or entering the market on a technical setup. One thing is for sure though. Successful trading requires an edge. This edge involves taking trades with high risk:reward ratios and above all money management.

Trendlines & FIBS provide this edge. If a trendline is good enough for institutional $$ then that's were I want to place my trade as well. NO one can refute or tear down simple trend line analysis. Its like a sore dick...You cant beat it.
  • #307,196
  • Apr 10, 2012 8:54am Apr 10, 2012 8:54am
This morning was a classic example of why I left FF. Why am I posting here now?

I do occassionally still look in the threads but all I see is bickering... pages full of it. All it does is dilute the posts from traders with great analytical skills and we are left with pages of drivel with the odd post that actually contributes in a positive way.

We all have differences of opinion but no one respects that because no one wants to be wrong.

To read the GU thread this morning led me to write my final post. It was of no great surprise as I have come to expect this type of behaviour on FF and hence I don't want to participate anymore. It is a pure waste of energy that could be better applied to actually analysing one's charts.

Nothing is going to change on FF because of all the different personalities/trading styles that will inevitably clash.

On the plus side, I did find some great friends on here who I still keep in contact with through other methods of communication.

Therefore, I wish you all the best and I hope you all find what you're looking for on FF.

Over and out!
  • #307,197
  • Apr 10, 2012 8:56am Apr 10, 2012 8:56am
Quoting eggs
Very True. Just because you have a line on your chart does not mean price will respond. However. There are no sure plays or constants when speculating on fundamentals or entering the market on a technical setup. One thing is for sure though. Successful trading requires an edge. This edge involves taking trades with high risk:reward ratios and above all money management.

Trendlines & FIBS provide this edge. If a trendline is good enough for institutional $$ then that's were I want to place my trade as well. NO one can refute or tear down...
But then time and time again you see Trend lines being broken sooooo you have to take into account that Trendlines dont always work... and doenst always work they way you think it would/should/could....
Also how would you know institutional orders would be lined at a trendline and not on fib lines or Psych points (every 50 pips)
or Pivot points... as a tech traders, there are simply too many variables in trading, thats why tech traders find it so much easier to learn technical trading... simply because they could draw a line and tell them wheres what and be comfortable with that... but the fact is you dont REALLY know who or which banks is using the same lines you are using....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,198
  • Apr 10, 2012 8:59am Apr 10, 2012 8:59am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bbakker
This morning was a classic example of why I left FF. Why am I posting here now?

I do occassionally still look in the threads but all I see is bickering... pages full of it. All it does is dilute the posts from traders with great analytical skills and we are left with pages of drivel with the odd post that actually contributes in a positive way.

We all have differences of opinion but no one respects that because no one wants to be wrong.

To read the GU thread this morning led me to write my final post. It was of no great surprise as I have...
Agreed. The reason I began following this thread was to better my trading with a collaborative effort from other traders.

And honestly its not just FF. It's the nature of people. I will say however I would appreciate it if folks like yourself who seem to have the greater good at heart would stick around and help change things.
  • #307,199
  • Apr 10, 2012 9:05am Apr 10, 2012 9:05am
Quoting eggs
Agreed. The reason I began following this thread was to better my trading with a collaborative effort from other traders.

And honestly its not just FF. It's the nature of people. I will say however I would appreciate it if folks like yourself who seem to have the greater good at heart would stick around and help change things.
as much as im sorry to see good traders go, i have to say we got clowns flooding in like we did earlier today, who doesnt even know which direction hes trading...
come out and say long and then looking at 1m saying short... when questioned for his analysis, he simply comes back to the questioners with brags and abusive insults, now wheres the justice in this? i mean i dont care if anyone trades a bigger account that i do, who cares... i got my 4000 usd account and im happy with it... no reason to brag about it...
but it doesnt allow you to just spit out nonsense without some evidence, of which some fail to provide... im not gona say who i guess the argument between me and a certain person this morning proves it...
I however am still trying to help out on the fundamental side of trading, as much as you ask for my evidence... I cant give you any... simply because the fundamentals are not represented on the chart until it happens... but atleast i TRIED helping...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,200
  • Apr 10, 2012 9:06am Apr 10, 2012 9:06am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
But then time and time again you see Trend lines being broken sooooo you have to take into account that Trendlines dont always work... and doenst always work they way you think it would/should/could....
Also how would you know institutional orders would be lined at a trendline and not on fib lines or Psych points (every 50 pips)
or Pivot points... as a tech traders, there are simply too many variables in trading, thats why tech traders find it so much easier to learn technical trading... simply because they could draw a line and tell them wheres...
Yes. I'm glad you mentioned other factors because I use all of those things. And when they line up : MAJOR trendline (institutional $$), FIB level, & psych levels that's solid confluence. And that's when us as retail traders have to take the trade.

Trendlines will always be broken. The good thing about trendlines is that once broken. They can be retested as a further confirmation of market direction. Sure you can't use trendlines as a stand alone. But it's pretty clear that Daily & 4HR MAJOR LONG TERM trendlines is CLEARLY where the institutional order flow is turning the market back in the direction of the longer term trend.
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