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Cable Update (GBPUSD)

  • #312,361
  • May 9, 2012 5:28pm May 9, 2012 5:28pm
Quoting Faller
Soooooo let me get this - you need to see an 80 pip drop from here for you to think things are turning down.....but then need a further 50 pip move down to 1.6000 for your view to be reassessed......so you need a total of 130 pip move to the downside for you to possibly change your bullish mind - but in the mean time would you be long? I only ask this because that would be quite the drawn down that you would take on if you went long.

The way this thing has been moving I thought you would have tighter numbers or targets - For me 30 pip increments...
Bro, I am on my phone and nearly at work so will be brief. I am hedged. 6000 is my line on the sand due to support there nothing more. (Soooo), there you have it, it seems quite logical to me.
Come with me if you want to live....
  • #312,362
  • May 9, 2012 5:29pm May 9, 2012 5:29pm
Quoting A-speculator
i think he's not a full time trader like us mate who can watch the monitor all day long.. due to that, i think hard for him to take a counter trend trade based on his analysis since he can't monitor the trade..

i think, might be possible a test down based on 4h candle if 6150 is not broken..

Totally agree.....



And I was not trying to come down on anyone - was really just trying to get a grasp as to where they were coming from - I do respect Arnold and his own personal insights into the market.......Arnold - Ill-be-back....get it????

Faller
I don't trust any move - when you have profit...take it.
  • #312,363
  • May 9, 2012 5:30pm May 9, 2012 5:30pm
Quoting Ill-b-back
Bro, I am on my phone and nearly at work so will be brief. I am hedged. 6000 is my line on the sand due to support there nothing more. (Soooo), there you have it, it seems quite logical to me.

Read my next post.....I am not against you.....was just trying to get insight into your thoughts.....please.....no fights here......I like you.....in a man kind of way....have a good day at the office.

Faller
I don't trust any move - when you have profit...take it.
  • #312,364
  • May 9, 2012 5:30pm May 9, 2012 5:30pm
Quoting Faller
Totally agree.....



And I was not trying to come down on anyone - was really just trying to get a grasp as to where they were coming from - I do respect Arnold and his own personal insights into the market.......Arnold - Ill-be-back....get it????

Faller
mate, i'm waiting for your analysis on the fundies you mentioned earlier.. i would like to know your take regarding on how you relate the fundies with technicals..
  • #312,365
  • May 9, 2012 5:32pm May 9, 2012 5:32pm
Quoting Faller
Wonderful post mate! Really loved reading it - All good points.

Yes seems like we have changed our views......but i try to keep mine flexible enough to go either way if you now what I mean!

Faller
Well if you read my tech analysis mate, so am I.
Come with me if you want to live....
  • #312,366
  • May 9, 2012 5:45pm May 9, 2012 5:45pm
Quoting Ill-b-back
Well if you read my tech analysis mate, so am I.



Have a peaceful day at the office -
I don't trust any move - when you have profit...take it.
  • #312,367
  • May 9, 2012 5:46pm May 9, 2012 5:46pm
Quoting Faller
Soooooo let me get this - you need to see an 80 pip drop from here for you to think things are turning down.....but then need a further 50 pip move down to 1.6000 for your view to be reassessed......so you need a total of 130 pip move to the downside for you to possibly change your bullish mind - but in the mean time would you be long? I only ask this because that would be quite the drawn down that you would take on if you went long.

The way this thing has been moving I thought you would have tighter numbers or targets - For me 30 pip increments...
Bro, I know you are not against me, but I guess I find comments like (soooo) a little condescending. I've also outlined a number of times that my system rarely gives signals of less than 200 pips or so. Any trades less than that are based on my own manual analysis. We are different traders with different target outlooks bro, that's all it is. Specs is right, I cannot possibly monitor trades and manage smaller targets, I work Fulltime away from my computer. I don't want to fight either bro. Some bears last month rushed in here targeting and calling 1.5, 1.4 and lower on a single Bearish daily candle, so we all have our own styles.
Come with me if you want to live....
  • #312,368
  • May 9, 2012 5:48pm May 9, 2012 5:48pm
Quoting Ill-b-back
Bro, I know you are not against me, but I guess I find comments like (soooo) a little condescending. I've also outlined a number of times that my system rarely gives signals of less than 200 pips or so. Any trades less than that are based on my own manual analysis. We are different traders with different target outlooks bro, that's all it is. Specs is right, I cannot possibly monitor trades and manage smaller targets, I work Fulltime away from my computer. I don't want to fight either bro. Some bears last month rushed in here targeting and calling...


and harmony -

I apologize about beginning my post with "soooooo" - you are right - it can come off sounding condescending.


Faller
I don't trust any move - when you have profit...take it.
  • #312,369
  • May 9, 2012 5:49pm May 9, 2012 5:49pm
Quoting Ill-b-back
Bro, I know you are not against me, but I guess I find comments like (soooo) a little condescending. I've also outlined a number of times that my system rarely gives signals of less than 200 pips or so. Any trades less than that are based on my own manual analysis. We are different traders with different target outlooks bro, that's all it is. Specs is right, I cannot possibly monitor trades and manage smaller targets, I work Fulltime away from my computer. I don't want to fight either bro. Some bears last month rushed in here targeting and calling...
i've been there before mate.. i know how hard it is to trade and working at the same time..

anyway, doesn't matter what's the different in our trading styles, what matters is the bottom line each month..

have a nice day mate..
  • #312,370
  • May 9, 2012 5:57pm May 9, 2012 5:57pm
Quoting A-speculator
mate, i'm waiting for your analysis on the fundies you mentioned earlier.. i would like to know your take regarding on how you relate the fundies with technicals..

That post was really a rhetorical question....but regarding fundies - I just try to take them into account as I trade the charts.

To be honest the fundies are really confusing me - the actual data out of the UK....like bguguen has mentioned many times is absolutely crap for the UK and I personally believe that the pound is overvalued but the market does not care what I think. So I trade what I see and try to be cautious of the news releases. The way the pound is acting sort of reminds me of the recovery in the market after the crash - numbers would come out bad and the market would go up and everyone was scratching their heads....but hey look.....the markets totally recovered their losses and the world is still in a shit bowl or so we are lead to believe. So I take everything with a grain of salt.....I try to be aware of everything but I also try not to over complicte things.....anytime I feel like I am over thinking things are really trying to figure out what the hell is going on I step back for a bit - I really really try to keep it simple - the KISS theory - Keep It Simple Stupid.


Trade well my friend.....

Faller
I don't trust any move - when you have profit...take it.
  • #312,371
  • May 9, 2012 6:00pm May 9, 2012 6:00pm
Quoting A-speculator
i've been there before mate.. i know how hard it is to trade and working at the same time..

anyway, doesn't matter what's the different in our trading styles, what matters is the bottom line each month..

have a nice day mate..

You know - I really hate this internet forum crap because voice intonation does not come across when you are trying to talk to someone - may times I have thought someone was coming at me and would bark back and then after a brief explanation and then reading the post over that pissed me off.....and reading it with different intonation I realized I was the ass. Voice chat would be better but man....it could get crazy if everyone had an open mic at the same time!!!!!
I don't trust any move - when you have profit...take it.
  • #312,372
  • May 9, 2012 6:03pm May 9, 2012 6:03pm
this pair is bullish and just retrace but very possible to fall to 160 or less possible 15930. 160 much stronger anyway. very good support.

so anyone can have different strategies to play it.

my strategy is short positions with sl 16205

and then buy at 16010

over 162 may try again long positions
There shall be no QE3
  • #312,373
  • May 9, 2012 6:09pm May 9, 2012 6:09pm
also looking gbpnzd

nice pair that has to retrace and i think will struggle to go higher from here.

not ready to short it yet, but looking to find something.

two times i tried before but just burned some pips.

no signals yet, but we are close, i feel it.
There shall be no QE3
  • #312,374
  • May 9, 2012 6:09pm May 9, 2012 6:09pm
Quoting Faller
That post was really a rhetorical question....but regarding fundies - I just try to take them into account as I trade the charts.

To be honest the fundies are really confusing me - the actual data out of the UK....like bguguen has mentioned many times is absolutely crap for the UK and I personally believe that the pound is overvalued but the market does not care what I think. So I trade what I see and try to be cautious of the news releases. The way the pound is acting sort of reminds me of the recovery in the market after the crash - numbers...
i see.. that's also reminds me on the move in 2008, whatever data that comes out, market just dive very hard..

my take is this, i think fundies is a very good tools for investment, since investment is not as short term as trading.. TA better in the sense that we are trading the actual move, short term trend, it's because most of us just trade based on 4h and lower, so it's not as long term as an investment.

secondly, it's hard to analyze market sentiment based on fundamental data only.. what i mean is how can we know if the data is bad, the market will reacts to the downside and vice versa. happens before when the data is bad, market jumps up and when the data is good, market dive down.. how can we quantify this? it's always based on our limited knowledge of the overall market sentiment that when the data is good, market should go up but is not always the case.

so i think, it is better to analyze market based on TA rather than fundies, and in trading, i think more inputs is not good as it will make it bias and unable to see what the market tells us.. it will cloud our judgement.

same to you, trade well and may all the green pips always with you.
  • #312,375
  • May 9, 2012 6:14pm May 9, 2012 6:14pm
Quoting Faller
You know - I really hate this internet forum crap because voice intonation does not come across when you are trying to talk to someone - may times I have thought someone was coming at me and would bark back and then after a brief explanation and then reading the post over that pissed me off.....and reading it with different intonation I realized I was the ass. Voice chat would be better but man....it could get crazy if everyone had an open mic at the same time!!!!!
lol. it will be a disaster then..

to me, i like forum like this since i can always get back reading the previous post on my own time.. i always try to put the emotional side away when reading a post.. so i can look at the good side of the post from the person who might what to tell us something..
  • #312,376
  • May 9, 2012 6:16pm May 9, 2012 6:16pm
Quoting A-speculator
i see.. that's also reminds me on the move in 2008, whatever data that comes out, market just dive very hard..

my take is this, i think fundies is a very good tools for investment, since investment is not as short term as trading.. TA better in the sense that we are trading the actual move, short term trend, it's because most of us just trade based on 4h and lower, so it's not as long term as an investment.

secondly, it's hard to analyze market sentiment based on fundamental data only.. what i mean is how can we know if the data is bad, the market...
I think we both said it a little different (yours was probably more eloquent) but in the end I believe we are both on the same page.

Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #312,377
  • May 9, 2012 6:17pm May 9, 2012 6:17pm
Quoting A-speculator
lol. it will be a disaster then..

to me, i like forum like this since i can always get back reading the previous post on my own time.. i always try to put the emotional side away when reading a post.. so i can look at the good side of the post from the person who might what to tell us something..

Yes emotions.....a very important word and attribute that a trade must learn to control -
I don't trust any move - when you have profit...take it.
  • #312,378
  • May 9, 2012 6:19pm May 9, 2012 6:19pm
Quoting Faller
Yes emotions.....a very important word and attribute that a trade must learn to control -
i guess nothing for me atm from the market.. i think i wanna see a movie while waiting eu/london open.

see u later mate.
  • #312,379
  • May 9, 2012 6:24pm May 9, 2012 6:24pm
Quoting A-speculator
i guess nothing for me atm from the market.. i think i wanna see a movie while waiting eu/london open.

see u later mate.


ya just waiting for AUD news then going to watch some tube myself.

take it easy.
I don't trust any move - when you have profit...take it.
  • #312,380
  • May 9, 2012 6:28pm May 9, 2012 6:28pm
Quoting Faller
ya just waiting for AUD news then going to watch some tube myself.

take it easy.
just wanne share.. you know you can watch full length movies/tv series from www.tubeplus.me

my last post, later mate.
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