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Cable Update (GBPUSD)
- #319,442
- Jul 24, 2012 4:50am Jul 24, 2012 4:50am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
[quote=redbeben;5870140]I think we will see GU below 1.5390 today 
buyers reported @ 1.5485-95 and they are done already
This news came out about an hour ago......how can you say that the buyers are done already? Can you see everyone's order boook? I find PA to be very interesting at this level. Open up a 4 hour chart and zoom out.....you may see something interesting.
Anyway....we all see things different and that's what makes a market place - buyers and sellers - happy trading day to you and everyone else.
Faller.
buyers reported @ 1.5485-95 and they are done already
This news came out about an hour ago......how can you say that the buyers are done already? Can you see everyone's order boook? I find PA to be very interesting at this level. Open up a 4 hour chart and zoom out.....you may see something interesting.
Anyway....we all see things different and that's what makes a market place - buyers and sellers - happy trading day to you and everyone else.
Faller.
I don't trust any move - when you have profit...take it.
- #319,443
- Jul 24, 2012 4:51am Jul 24, 2012 4:51am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #319,444
- Jul 24, 2012 4:56am Jul 24, 2012 4:56am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
well at İzmir area most of ppl knows english so maybe u dont have to learn Turkish clearly just few things woul be enough hehe
I've seen it here in Spain(actually there is a british hunt at the moment)where the coast was bought on credit and abandoned with all cars,yachts and pets as well,after years of luxury (on debt obviously)and tax evading and benefit claim from 2 countries
same happened in Dubai and other countries.
a few others are on the list now especially the ones in Eastern Europe where the cost of living is cheap and they can afford to buy massive..on loans again
I was wondering the other day how come all the big empires and big countries are bankrupted?
it's simple,the quality of the people.a nation that conquers due to the greed has no morale values.the longer the time passes and the generations are less and less educated the less morale values are gonna be passed to the future generations.
examples..well basically PIIGS are the finest example-Portugal,Italy,Spain and Greece were all colonizers and killed for the riches they had..and trust me they had tons but somehow,apart from the nice cities they have nothing else....where did that money go ?
Hungary was an empire and now it is dead.
UK as well was a big empire that vanished and later China which was all but gloom and now it will collapse(thing that I said last year and all thought I am crazy)
I still wonder how come Germany still survived so far...or it just a big coverup and by the time we'll see it it will be long gone
- #319,446
- Jul 24, 2012 5:04am Jul 24, 2012 5:04am
that would be another problem.lots of brits there relocated....been there done that.soon Turkey will be bankrupted as well
I've seen it here in Spain(actually there is a british hunt at the moment)where the coast was bought on credit and abandoned with all cars,yachts and pets as well,after years of luxury (on debt obviously)and tax evading and benefit claim from 2 countries
same happened in Dubai and other countries.
a few others are on the list now especially the ones in Eastern Europe where the cost of living is cheap and they...
agree with u, i can say that german is a big producer this is how they survive and lead europe, they were big producer in hitler time and they r big producer at this time so they earn a lot
and all things they produce is high quality so they sell easily - #319,447
- Jul 24, 2012 5:06am Jul 24, 2012 5:06am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
[quote=Faller;5870455]
to be honest I don't even know what PA is or how to calculate it.I know the terminology but never bothered to see what It really does.
one day when I'll be more organised I'll start reading about it as it seems many traders use it.
1.5485-95 was the level I mentioned where buyers were situated.they bought there price went up.
the more times a level is tested the higher the chances it will give up.reason is simple and I stated it yesterday-if one protects a barrier it will keep on buying and make money on longs just to cover the loss in case barrier gets burned.as soon as they are BE or in small profit they could not care less about the barrier and sellers are gonna slash it like a knife through butter.
If I could see the orderbooks of the important funds and corps I'd be richer than Bill Gates
at the end of the day I have no clue where market is heading....I just use a SL
still I want my 1.5374 or 1.5600
I think we will see GU below 1.5390 today
buyers reported @ 1.5485-95 and they are done already
This news came out about an hour ago......how can you say that the buyers are done already? Can you see everyone's order boook? I find PA to be very interesting at this level. Open up a 4 hour chart and zoom out.....you may see something interesting.
Anyway....we all see things different and that's what makes a market place - buyers and sellers - happy trading day to you and everyone else.
Faller.
to be honest I don't even know what PA is or how to calculate it.I know the terminology but never bothered to see what It really does.
one day when I'll be more organised I'll start reading about it as it seems many traders use it.
1.5485-95 was the level I mentioned where buyers were situated.they bought there price went up.
the more times a level is tested the higher the chances it will give up.reason is simple and I stated it yesterday-if one protects a barrier it will keep on buying and make money on longs just to cover the loss in case barrier gets burned.as soon as they are BE or in small profit they could not care less about the barrier and sellers are gonna slash it like a knife through butter.
If I could see the orderbooks of the important funds and corps I'd be richer than Bill Gates
at the end of the day I have no clue where market is heading....I just use a SL
still I want my 1.5374 or 1.5600
- #319,448
- Jul 24, 2012 5:13am Jul 24, 2012 5:13am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #319,449
- Jul 24, 2012 5:17am Jul 24, 2012 5:17am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
[quote=Faller;5870510]
I know the terminology and I even googled it some months ago to find out that you can do some math....but I was lazy to read 
even if in this case ignorance is not bliss as all help is a plus
PA stands for Price Action - I do not know how one calculates it.....for me it is a visual thing - watching the PA - watching price action.....maybe I am wrong -
even if in this case ignorance is not bliss as all help is a plus
- #319,451
- Jul 24, 2012 5:25am Jul 24, 2012 5:25am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
[quote=Red Alert;5870529] http://www.learntotradethemarket.com...-trading-forex
http://en.wikipedia.org/wiki/Price_action_trading
I already have a headache
To be honest, me also, i agree with you faller, just based on Visual, the composition of bull and bear candle...the size, the shape, the market activity (price) described with the dynamics of the candle, may be i am also wrong.
Some body may be please explain how mathematically we calculate it.....
http://en.wikipedia.org/wiki/Price_action_trading
I already have a headache
- #319,452
- Jul 24, 2012 5:29am Jul 24, 2012 5:29am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #319,453
- Edited 5:54am Jul 24, 2012 5:33am | Edited 5:54am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
sadly there is not much analysis lately dude..
Not only in this thread, but Almost threads FF... One by One, they're Leave for...
And... I possible the Next
Always looking the GREAT, never left GOOD Point...
- #319,454
- Jul 24, 2012 5:53am Jul 24, 2012 5:53am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #319,455
- Jul 24, 2012 5:54am Jul 24, 2012 5:54am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #319,456
- Jul 24, 2012 6:01am Jul 24, 2012 6:01am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #319,457
- Jul 24, 2012 6:11am Jul 24, 2012 6:11am
- | Joined Dec 2011 | Status: Trader | 2,927 Posts
here we gooooooooooooooooooo
Nothing is solid yet, 5500 nice support to bounce back up but weak enough to go straight to 5300 there is a triangle in the making on H4 and if you measure drop from 1,5725 another leg down should be about 1.5300 or bounce back to 57xx, last COT report is more less balanced in favour for bears a bit.
swing it!
- #319,458
- Jul 24, 2012 6:12am Jul 24, 2012 6:12am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #319,459
- Jul 24, 2012 6:16am Jul 24, 2012 6:16am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
Hey
Nothing is solid yet, 5500 nice support to bounce back up but weak enough to go straight to 5300 there is a triangle in the making on H4 and if you measure drop from 1,5725 another leg down should be about 1.5300 or bounce back to 57xx, last COT report is more less balanced in favour for bears a bit.
As I have posted many times - I am an intra day trader......I watch 4 hour 1 hour and then small time frames for trade entry. I am only posting what I see and there are many many traders here that will vouche for my accuracy and timing of trades. As for going to straight to 1.5300 - well I think you are exaggerating a bit......does anything ever move in a straight line in Forex?
Faller.
I don't trust any move - when you have profit...take it.
- #319,460
- Jul 24, 2012 6:24am Jul 24, 2012 6:24am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
Hey
Nothing is solid yet, 5500 nice support to bounce back up but weak enough to go straight to 5300 there is a triangle in the making on H4 and if you measure drop from 1,5725 another leg down should be about 1.5300 or bounce back to 57xx, last COT report is more less balanced in favour for bears a bit.
I normally post my trading results - but here is my current active order for Cable - and rising. It is all about trading........being right or wrong......understand your mistake and move on.
Cheers,
Faller.
I don't trust any move - when you have profit...take it.