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Cable Update (GBPUSD)

  • #318,741
  • Jul 13, 2012 2:16pm Jul 13, 2012 2:16pm
Quoting nAVIN2007
any idea why pound has shoot up?
i pumped her a bit
90% of traders use TA, indicators and prediction
  • #318,742
  • Jul 13, 2012 2:20pm Jul 13, 2012 2:20pm
Quoting _BBKing_
i pumped her a bit
just for information....
apparently, someone have decided that GU actually have no reasons to go below the weekly major TL.

this doesn't mean that she will go to the upper one, but i would be careful to be short anywhere below 1.57 area.
90% of traders use TA, indicators and prediction
  • #318,743
  • Jul 13, 2012 2:21pm Jul 13, 2012 2:21pm
Quoting _BBKing_
i pumped her a bit
lol..so did i
  • #318,744
  • Jul 13, 2012 2:24pm Jul 13, 2012 2:24pm
Quoting _BBKing_
just for information....
apparently, someone have decided that GU actually have no reasons to go below the weekly major TL.

this doesn't mean that she will go to the upper one, but i would be careful to be short anywhere below 1.57 area.

I disagree .. to me she has broken out long time..but is consolidating in a range we have been in forever if im right it maybe a start of a move towards 1.65..

or heading toward 1.6..worse case
if im unlucky testing 1.63 again..
if lucky the moon..lol
  • #318,745
  • Jul 13, 2012 2:34pm Jul 13, 2012 2:34pm
Quoting _BBKing_
that was quite a show you put on today
Come with me if you want to live....
  • #318,746
  • Jul 13, 2012 2:44pm Jul 13, 2012 2:44pm
Check out last 2 weeks of June, put on a fib from June H to July L.
Connect weekly lows to make a TL, look what July wk 1 did and look at what wk2 is doing. On phone at work will post a chart later.
Come with me if you want to live....
  • #318,747
  • Jul 13, 2012 2:47pm Jul 13, 2012 2:47pm
Quoting nAVIN2007
any idea why pound has shoot up?
because i'm short.
  • #318,748
  • Jul 13, 2012 2:51pm Jul 13, 2012 2:51pm
Quoting sdcasper
because i'm short.

dont worry if u saw my positions ud laugh..this should make u smile
Attached Image (click to enlarge)
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  • #318,749
  • Jul 13, 2012 2:56pm Jul 13, 2012 2:56pm
Quoting nAVIN2007
I disagree .. to me she has broken out long time..but is consolidating in a range we have been in forever if im right it maybe a start of a move towards 1.65..

or heading toward 1.6..worse case
if im unlucky testing 1.63 again..
if lucky the moon..lol
Next wk will show for sure nAV. Looking at weekly, this just looks like a retest of the level broken by last weeks break down.
Come with me if you want to live....
  • #318,750
  • Jul 13, 2012 3:02pm Jul 13, 2012 3:02pm
Quoting Ill-b-back
Next wk will show for sure nAV. Looking at weekly, this just looks like a retest of the level broken by last weeks break down.

yup retest of bottom of range..then the games is very close..im hoping this mofo is kind to me..but its always looked bullish to me instead of bearish..

still ..im strong enough to hold this thing for another 12 months if i have too (lets just hope not)
  • #318,751
  • Jul 13, 2012 3:05pm Jul 13, 2012 3:05pm
next week is setting up for a downtrend.
  • #318,752
  • Jul 13, 2012 3:06pm Jul 13, 2012 3:06pm
Quoting nAVIN2007
dont worry if u saw my positions ud laugh..this should make u smile
if those red arrows are loses it looks like my chart. i equated my trading this week to playing ping pong...when the ball in on my opponents side i start swinging and when the ball is on my side of the table i just stare at it going by me.

it's uncanny how i can see the opposite of what happens, more often then not. i can't figure out what my brain see's and how i interpret it as opposite of reality.
  • #318,753
  • Jul 13, 2012 3:10pm Jul 13, 2012 3:10pm
Quoting sdcasper
if those red arrows are loses it looks like my chart. i equated my trading this week to playing ping pong...when the ball in on my opponents side i start swinging and when the ball is on my side of the table i just stare at it going by me.

it's uncanny how i can see the opposite of what happens, more often then not. i can't figure out what my brain see's and how i interpret it as opposite of reality.
To see the opposite of what actually happens is a gift many of us have, it is not rare in forex
As for me, I am trying really hard to shake off this "gift".
Come with me if you want to live....
  • #318,754
  • Jul 13, 2012 3:13pm Jul 13, 2012 3:13pm
Quoting sdcasper
if those red arrows are loses it looks like my chart. i equated my trading this week to playing ping pong...when the ball in on my opponents side i start swinging and when the ball is on my side of the table i just stare at it going by me.

it's uncanny how i can see the opposite of what happens, more often then not. i can't figure out what my brain see's and how i interpret it as opposite of reality.

u have yur answer..work on yur mind and change this, develop to the point where trading means nothing, its a game we play in our minds, and nothing more..make a set of rules and stick to them regardless

slap yourself everytime u stray from yur rules..sooner or later u will change
  • #318,755
  • Jul 13, 2012 3:15pm Jul 13, 2012 3:15pm
Quoting nAVIN2007
yup retest of bottom of range..then the games is very close..im hoping this mofo is kind to me..but its always looked bullish to me instead of bearish..

still ..im strong enough to hold this thing for another 12 months if i have too (lets just hope not)
Oh man, when your time is done nAV, they are going to put you in a glass cabinet next to Pharlap.
Come with me if you want to live....
  • #318,756
  • Jul 13, 2012 3:16pm Jul 13, 2012 3:16pm
Quoting PoundTrader
next week is setting up for a downtrend.


Quoting Ill-b-back
Oh man, when your time is done nAV, they are going to put you in a glass cabinet next to Pharlap.
lol
  • #318,757
  • Jul 13, 2012 3:17pm Jul 13, 2012 3:17pm
Quoting PoundTrader
next week is setting up for a downtrend.

Did you take the short on Thurs PT?
Come with me if you want to live....
  • #318,758
  • Jul 13, 2012 3:19pm Jul 13, 2012 3:19pm
Quoting nAVIN2007




lol
And we all know what the inscription will say
Come with me if you want to live....
  • #318,759
  • Jul 13, 2012 3:36pm Jul 13, 2012 3:36pm
Quoting Ill-b-back
And we all know what the inscription will say
B.O.S
Come with me if you want to live....
  • #318,760
  • Jul 13, 2012 3:38pm Jul 13, 2012 3:38pm
Quoting Ill-b-back

Did you take the short on Thurs PT?
thursday lead into friday and i never let trades go into friday, it was wensday, t/p got hit on thursday, i never jump in on the long because that would of lead me into friday
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