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Cable Update (GBPUSD)

  • #312,961
  • May 14, 2012 4:59am May 14, 2012 4:59am
Quoting Nachiket
elliott wave analysis can give you incorrect results. this is my opinion

that should read :-

elliott wave analysis can give you correct results, entirely by coincidence ofcourse and rarely.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #312,962
  • May 14, 2012 5:15am May 14, 2012 5:15am
Quoting Nachiket
UK gilt funds are trading at new lows. this shows the interest in pound and in my opinion it would be stupidity shorting it.
you are looking at one thing.....when there are more things to look at then we can imagine........

but please......go short.....I mean.....don't.....because that would be stupidity.......

courage is fear that has said its prayers

peace out...

Falller.
I don't trust any move - when you have profit...take it.
  • #312,963
  • May 14, 2012 5:20am May 14, 2012 5:20am
Quoting Faller
Did you close your position? Or did your bot close the position for you?

Climbing that wall of fear again.......

Hope u had a good weekend.

Faller.

it's climbing back up.....what does bot say?
I don't trust any move - when you have profit...take it.
  • #312,964
  • May 14, 2012 5:42am May 14, 2012 5:42am
i want to ask why there is no up or down now ?? is there any news coming??
  • #312,965
  • May 14, 2012 5:54am May 14, 2012 5:54am
Aud ,Nzd weak ,weak ! down these currencies


Quoting A-speculator
atm seems like the aussie & kiwi has break the support level, loonie rallying.. USD gaining ground? more downside on cable?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,966
  • May 14, 2012 6:00am May 14, 2012 6:00am
£ speculators in market carefull not reading charts I dont think
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,967
  • May 14, 2012 6:03am May 14, 2012 6:03am
messy ,channel ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 14-5 -5-12.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,968
  • May 14, 2012 6:05am May 14, 2012 6:05am
or even fundamental


Quoting Bones
£ speculators in market carefull not reading charts I dont think
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,969
  • May 14, 2012 6:07am May 14, 2012 6:07am
would someone please flush the toilet.....



thank you..
I don't trust any move - when you have profit...take it.
  • #312,970
  • May 14, 2012 6:10am May 14, 2012 6:10am
Ha ha catch you later


Quoting Faller
would someone please flush the toilet.....



thank you..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,971
  • May 14, 2012 6:11am May 14, 2012 6:11am
allway s ill be back ,ha ha



Quoting Bones
still dont understand cable is text book
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,972
  • May 14, 2012 6:20am May 14, 2012 6:20am
Quoting Bones
allway s ill be back ,ha ha

nothing is text book.....

as per ver ber ser tee dur rum......


trade what you see and take your profit....

I am going to bed now.....

Faller.
I don't trust any move - when you have profit...take it.
  • #312,973
  • May 14, 2012 6:37am May 14, 2012 6:37am
Quoting Faller
Based on charting - and the fact that the British Pound is weighted 12% against the USDX - the dollar index. I keep watching the dollar index rise....and rise and rise.......and we all have watched Cable rise as well.

So there is something going on here -

How can two things that are weighted against each move in the same direction?

This does not seem possible - is this where the manipulation comes into play that people were talking about a few weeks ago? I don't know.....but I do know that two items that are weighted against each other must...
Possibly the truest thing I've read thus far.
"How can two things that are weighted against each other move in the same direction?"

I suspect that there are more than a few traders who got 3rd degree burn basing their strategy on exactly this weighting.
Show Me Your Pips!!!
  • #312,974
  • May 14, 2012 7:25am May 14, 2012 7:25am
Heard an interesting talk on the radio earlier about the JP Morgan losses and how an entire division will probably be shut down, all because some rogue trader kept adding to a losing position instead of cutting losses. Sure this may be an over-simplified view of a rather complex issue, but the principal remains the same :
A trade that has gone against you is the clearest indication that you made a wrong call on direction.
Exposing yourself even more is the clearest indication that your arrogance assumes itself to be greater than the market.

Trading these markets without Stop Losses is like opening the gates to a wild stallion and hoping it will return when you whistle.
Attached Image
Show Me Your Pips!!!
  • #312,975
  • May 14, 2012 7:39am May 14, 2012 7:39am
Deary me ,that looks bearish



Quoting Bones
Also A on original target but I'm thinking below 1st blue line ,d1 close under would be good for short ,
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,976
  • May 14, 2012 7:42am May 14, 2012 7:42am
Your right F ,im def not text book , gonna supprise you I think ,break your line of thinking

look to real traders fellow readers not text book readers/"quoter s"


Quoting Faller
nothing is text book.....

as per ver ber ser tee dur rum......


trade what you see and take your profit....

I am going to bed now.....

Faller.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,977
  • May 14, 2012 7:43am May 14, 2012 7:43am
or wannabe s
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,978
  • May 14, 2012 7:49am May 14, 2012 7:49am
Quoting Kaloo5
Heard an interesting talk on the radio earlier about the JP Morgan losses and how an entire division will probably be shut down, all because some rogue trader kept adding to a losing position instead of cutting losses. Sure this may be an over-simplified view of a rather complex issue, but the principal remains the same :
[i][color=Blue]A trade that has gone against you is the clearest indication that you made a wrong call on direction.
Exposing yourself even more is the clearest indication that your arrogance assumes itself to be greater than...
was that trader name Navin
  • #312,979
  • May 14, 2012 7:59am May 14, 2012 7:59am
Quoting PoundTrader
was that trader name Navin
.. No.

A french chap, based in London. Apparently his nick name is "London Whale" (or Moby Dick). I wonder how big he feels now!
  • #312,980
  • May 14, 2012 8:10am May 14, 2012 8:10am
Quoting Rasi
.. No.

A french chap, based in London. Apparently his nick name is "London Whale" (or Moby Dick). I wonder how big he feels now!
you had me worry navin was bringing down big banks with his trading style
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