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Cable Update (GBPUSD)

  • #309,381
  • Apr 23, 2012 6:35pm Apr 23, 2012 6:35pm
I really must still be off with the pixies x 10k 'cause looking at daily and to some extent the weekly PA since August, it looks to me like this bull run is only just getting started. Lots of long daily candles working against the heavy downtrend to turn this ship around.
Come with me if you want to live....
  • #309,382
  • Apr 23, 2012 6:59pm Apr 23, 2012 6:59pm
Quoting Ill-b-back
I really must still be off with the pixies x 10k 'cause looking at daily and to some extent the weekly PA since August, it looks to me like this bull run is only just getting started. Lots of long daily candles working against the heavy downtrend to turn this ship around.
Just got home to see charts and looks like a good day to short. Looking for 6030
Come with me if you want to live....
  • #309,383
  • Edited 7:30pm Apr 23, 2012 7:15pm | Edited 7:30pm
This has just come in and I thought I would share.
It talks about the USD and its failure to rally despite reasons to.
He was expecting a USD rally before a drop but it seem that perhaps the USD rally (MAY) not eventuate due to a lack of faith in the USD faster than even he anticipated.
Take it or leave it, but this is my big picture.

http://www.uncommonwisdomdaily.com/w...14112?FIELD9=2
Come with me if you want to live....
  • #309,384
  • Apr 23, 2012 7:40pm Apr 23, 2012 7:40pm
Quoting Ill-b-back
I really must still be off with the pixies x 10k 'cause looking at daily and to some extent the weekly PA since August, it looks to me like this bull run is only just getting started. Lots of long daily candles working against the heavy downtrend to turn this ship around.
Sorry, not since August 2011, but since November 2011
Come with me if you want to live....
  • #309,385
  • Apr 23, 2012 7:53pm Apr 23, 2012 7:53pm
I couldn't have said it better myself.


Quoting torkay77
bear waiting for dinner
  • #309,386
  • Apr 23, 2012 7:55pm Apr 23, 2012 7:55pm
Quoting Ill-b-back
Sorry, not since August 2011, but since November 2011
, Keep fight mate......
  • #309,387
  • Apr 23, 2012 8:11pm Apr 23, 2012 8:11pm
Quoting Ill-b-back
Just got home to see charts and looks like a good day to short. Looking for 6030
, off to bed
  • #309,388
  • Apr 23, 2012 10:41pm Apr 23, 2012 10:41pm
Fx.Fishermen,

How far up do you think GBPUSD will go today for a great SELL entry point with a minimum drawdown? Do you believe that 1.6060 on GBPUSD will be hit today itself without major drawdown if SELL order is placed at the current consolidation price level (around 1.6117)?

~LC
  • #309,389
  • Apr 23, 2012 11:11pm Apr 23, 2012 11:11pm
wait until the "Public Sector Net Borrowing"-event released. For a deficit of more than 15B GU may go down to 1.6065
  • #309,390
  • Edited 1:09am Apr 24, 2012 12:56am | Edited 1:09am
Lately I find chart patterns,candle formations,indicator crosses to be window decorations where actual substance is in the store.
Here is the truth. Vast majority of retail traders are short on this pair and yet it kept climbing higher.more shorts? higher it went.
Now somebody has and invested lot of money to keep this going and not difficult to recognize the players- market makers,banks,hedge funds.
Forex market is manipulated and not see this plain truth is being ignorant.
Do you guys notice before every big sell off actual price moves good distance up to trigger the stops only to plunge opposite direction.This happens over and over and its not an accident.This is exactly what is done to retail traders over and over.
Retail traders are basically here to create liquidity for bigger players.
I find retail traders drawing butterflies,head and shoulders etc are delusional.Like I said this is a facade-real action is done by market makers.
Until we learn and to think like them we will become just a bait.
Your indicators are all jokes.None matters! That is no pattern can repeat exactly same way because in order that to happen we need exactly same traders placing exact same trades to get the same results.That is impossibility!
I don't have all the answers yet but I know I am in the right track.Price action and market maker's manipulations are where we should be thinking not drawing chart patterns because they don''t matter.
In trading, you have to be defensive and aggressive at the same time
  • #309,391
  • Apr 24, 2012 1:14am Apr 24, 2012 1:14am
Quoting Davit
Lately I find chart patterns,candle formations,indicator crosses to be window decorations where actual substance is in the store.
Here is the truth. Vast majority of retail traders are short on this pair and yet it kept climbing higher.more shorts? higher it went.
Now somebody has and invested lot of money to keep this going and not difficult to recognize the players- market makers,banks,hedge funds.
Forex market is manipulated and not see this plain truth is being ignorant.
Do you guys notice before every big sell off actual price moves good...
R.I.P, R.I.P, R.I.P
Come with me if you want to live....
  • #309,392
  • Apr 24, 2012 1:18am Apr 24, 2012 1:18am
just do what u believe mate ..... whatever the result...that's your own ...

Quoting Davit
Lately I find chart patterns,candle formations,indicator crosses to be window decorations where actual substance is in the store.
Here is the truth. Vast majority of retail traders are short on this pair and yet it kept climbing higher.more shorts? higher it went.
Now somebody has and invested lot of money to keep this going and not difficult to recognize the players- market makers,banks,hedge funds.
Forex market is manipulated and not see this plain truth is being ignorant.
Do you guys notice before every big sell off actual price moves good...
not euphoria follower
  • #309,393
  • Apr 24, 2012 1:42am Apr 24, 2012 1:42am
Quoting Davit
Lately I find chart patterns,candle formations,indicator crosses to be window decorations where actual substance is in the store.
Here is the truth. Vast majority of retail traders are short on this pair and yet it kept climbing higher.more shorts? higher it went.
Now somebody has and invested lot of money to keep this going and not difficult to recognize the players- market makers,banks,hedge funds.
Forex market is manipulated and not see this plain truth is being ignorant.
Do you guys notice before every big sell off actual price moves good distance...

market is simply an illusion..forget about seller and buyers..and manipulation, bottom line chart indicates where the mofo is heading..u simply have to go with it..its not about being right or wrong as a trader u supposed to realise u can get it wrong more than right and still make corn..so long as u using money management..its this simple + using a probability based method, recognise yur edge and exploit the mofo

the problem is (myself included ) nobody wanna be wrong) so we create this illusion of other superior forces..market will go where the majority of cash flow is 100% because that is the market
  • #309,394
  • Apr 24, 2012 1:48am Apr 24, 2012 1:48am
in business ( whatever it is )... there is wants and need term

if there is only wants without need ... there is no deal in business

but if there is wants and need there will be deal in business ...


in fx..... wants : trader's ego ( include my ego qiiqiiqi ) ... need : supply and demand


just my imho ...


Quoting nAVIN2007
market is simply an illusion..forget about seller and buyers..and manipulation, bottom line chart indicates where the mofo is heading..u simply have to go with it..its not about being right or wrong as a trader u supposed to realise u can get it wrong more than right and still make corn..so long as u using money management..its this simple + using a probability based method, recognise yur edge and exploit the mofo

the problem is (myself included ) nobody wanna be wrong) so we create this illusion of other superior forces..market will go...
not euphoria follower
  • #309,395
  • Apr 24, 2012 1:51am Apr 24, 2012 1:51am
Quoting nAVIN2007
market is simply an illusion..forget about seller and buyers..and manipulation, bottom line chart indicates where the mofo is heading..u simply have to go with it..its not about being right or wrong as a trader u supposed to realise u can get it wrong more than right and still make corn..so long as u using money management..its this simple + using a probability based method, recognise yur edge and exploit the mofo

the problem is (myself included ) nobody wanna be wrong) so we create this illusion of other superior forces..market will go...
Can you clarify what you mean by illusion nAV, I'm curious of your take on it.
Come with me if you want to live....
  • #309,396
  • Apr 24, 2012 2:04am Apr 24, 2012 2:04am
Damn stopped out again, I must stop trading against my own biase
Come with me if you want to live....
  • #309,397
  • Apr 24, 2012 2:05am Apr 24, 2012 2:05am
may be
Quoting Ill-b-back
Can you clarify what you mean by illusion nAV, I'm curious of your take on it.
Attached Image
not euphoria follower
  • #309,398
  • Edited 2:17am Apr 24, 2012 2:06am | Edited 2:17am
Quoting Ill-b-back
Can you clarify what you mean by illusion nAV, I'm curious of your take on it.
all in the head bro!! like life..put it in perspective..we are at home drink coffee or tea, maybe eating bbq's as well however the market moves, u cannot worry about this:- theres starving people in the world looking for food to feed there children.

forecasting the market movement is one thing, thinking of manipulation isnt helping u, what will be will be comes to mind..weekly is bullish and market is expecting a good number..i think (weekly chart)

one thing i will tell u about trading..i a have never seen a trade opportunity which didnt have risk associated with it..so u need to get yur shit together in trading b4 u can even think about making money can the market go down, ofcouse it can!! thats the risk u need to embrace

all im saying put it all in perspective..the game is one with yourself..be luke
  • #309,399
  • Apr 24, 2012 2:12am Apr 24, 2012 2:12am
Quoting Ill-b-back
Damn stopped out again, I must stop trading against my own biase

yeah i saw this..u need to separate yur bias..that your problem..a long term bias cannot change overnight..

are u a scalper or hitch hicker
  • #309,400
  • Apr 24, 2012 2:13am Apr 24, 2012 2:13am
Quoting iqyu5an
may be
Yes, except for the hot chicks eyelash, it is a perfect illusion
Come with me if you want to live....
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