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Cable Update (GBPUSD)

  • #319,561
  • Jul 24, 2012 5:43pm Jul 24, 2012 5:43pm
Quoting tomspin
Dear Faller

Good luck with your trading
Tom

Tom....

Thanks for your response - I read everything and cannot agree with you more - just do not know what you mean regarding cloggie and rat - as far as I know it is Cloggie that is banned for life and also Twitter won't let him post either - could be wrong on that but that is what I read (Cloggies words himself.....)

Anyway, cheers and good trading to you also - I have posted many times in here that people should indicate the type of trader they are and the time frames they are trading from when making a call. I have done that over and over showing my charts my entries and exits live as they happen.....I do not see many if any other people in here doing that.

Sorry to have gotten under your shirt collar - I will try and do better.

Have a good evening - look forward to seeing more of your charts and thoughts.

Thanks....

Kevin aka Faller.
I don't trust any move - when you have profit...take it.
  • #319,562
  • Jul 24, 2012 5:44pm Jul 24, 2012 5:44pm
Quoting Flynchenberg
Really,
I was just curious.

He is free to ask questions - so am I.

No offence.

Seb

ah never mind me....I just did not understand why age matters.....you could have asked him what color shirt he is wearing before you answered him....I guess we are all free to do what we want in here until someone else thinks it is wrong.....
I don't trust any move - when you have profit...take it.
  • #319,563
  • Jul 24, 2012 6:03pm Jul 24, 2012 6:03pm
I've just posted this in another thread, but I'll post it here.. that's technically where it belongs.

There is a support level at.. 15480ish range.. on the pounder.. I think a retracement is in coming into place.. I opened few lots, going long.. It's a good entry here.. with a S/L just below 15480ish..

Resistance lays: 1.5550ish if it breaks then we will see.. 1.5580

Use this information, at your own discretion. I am not telling anyone to do anything, but tossing something out.

Attached Image (click to enlarge)
Click to Enlarge Name: the pounder.gif Size: 35 KB


I may be right, I am be wrong. *shrugs*
There are those who know, and there are those who don't know.
  • #319,564
  • Jul 24, 2012 7:03pm Jul 24, 2012 7:03pm
Quoting palabara
I've just posted this in another thread, but I'll post it here.. that's technically where it belongs.

There is a support level at.. 15480ish range.. on the pounder.. I think a retracement is in coming into place.. I opened few lots, going long.. It's a good entry here.. with a S/L just below 15480ish..

Resistance lays: 1.5550ish if it breaks then we will see.. 1.5580

Use this information, at your own discretion. I am not telling anyone to do anything, but tossing something out.

Attachment

I may be right, I am be wrong....
I may be crazy out of my mind!! A weekly close below top white line opens the door to the bottom one. But what the hell do I know lol!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu weekly.jpg Size: 70 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #319,565
  • Jul 24, 2012 7:05pm Jul 24, 2012 7:05pm
Quoting CNTrader
I may be crazy out of my mind!! A weekly close below top white line opens the door to the bottom one. But what the hell do I know lol!!

The Market will prove us! because at the end we can draw lines and arrows, and anything else.. The Market will dictate. If, I had a formula that.. tells me.. this will 100% do that.. Then I wouldn't be here LOL. I'd be on my own island. I'd call it PalaParadise
There are those who know, and there are those who don't know.
  • #319,566
  • Jul 24, 2012 7:11pm Jul 24, 2012 7:11pm
Quoting palabara
The Market will prove us! because at the end we can draw lines and arrows, and anything else.. The Market will dictate. If, I had a formula that.. tells me.. this will 100% do that.. Then I wouldn't be here LOL. I'd be on my own island. I'd call it PalaParadise
Hahahaha ok just remember you heard it here first lol

Seriously though either way good luck my friend its been nice sharing ideas with you. Stay cool!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #319,567
  • Jul 24, 2012 7:18pm Jul 24, 2012 7:18pm
Quoting CNTrader
Hahahaha ok just remember you heard it here first lol

Seriously though either way good luck my friend its been nice sharing ideas with you. Stay cool!!
Definitely!
There are those who know, and there are those who don't know.
  • #319,568
  • Jul 24, 2012 9:22pm Jul 24, 2012 9:22pm
Is this the start of an overnight move up? 10:21PM EST......date stamp.
I don't trust any move - when you have profit...take it.
  • #319,569
  • Jul 24, 2012 9:33pm Jul 24, 2012 9:33pm
Quoting Faller
Is this the start of an overnight move up? 10:21PM EST......date stamp.
i am still bearish about this well morning new would decide its direction. Overall got a feeling effort is been put to keep it as low as possible, offering better exchange rates as Olympics starting soon.
focussing towards AUD/NZD as it breached previous resistance of 50% fib level on daily chart. so i am bullish towards it
  • #319,570
  • Jul 24, 2012 10:57pm Jul 24, 2012 10:57pm
Quoting Faller
Is this the start of an overnight move up? 10:21PM EST......date stamp.

could be and with the seeming inability to break the 1.549 area after almost 2 full day of struggling maybe its heading up for some fresh selling.

At what level would you expect it to find this. Im thinking 1.555 again might prove to be the top but i have read many expecting 1.5585.

I think longer term and certainly by the end of the week we will be back down testing the lower 1.54's. UK GDP will be garbage im sure
Money never sleeps...
  • #319,571
  • Jul 24, 2012 11:03pm Jul 24, 2012 11:03pm
Quoting inpatient
could be and with the seeming inability to break the 1.549 area after almost 2 full day of struggling maybe its heading up for some fresh selling.

At what level would you expect it to find this. Im thinking 1.555 again might prove to be the top but i have read many expecting 1.5585.

I think longer term and certainly by the end of the week we will be back down testing the lower 1.54's. UK GDP will be garbage im sure

All I can do is trade what I see and stick to my trading plan. Numbers are numbers wether it is GDP or CPI or PMI - when I first started trading I used to try and understand which way price would move based on the results of these numbers - however I kept reading from senior traders that it is already priced in.....or it is already in the charts.......well after losing more money then i want to remember and trying it my way......I started to listen to these senior traders and then apply my experience in chart reading / technical analysis and along with understanding that their are fundamentals that move the market.....I became a much better trader. I still have faults as we all do - but I am getting there each day.....

So I cannot predict numbers as I do not know the future......I can only trade what I see - that is why trading for me is truly full-time as I believe that if you really want to find success you have to be in front of the screens trying to capture the best moves with the least amount of draw-down......

Wow I am not sure where all that came from......but take it for what it is....

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #319,572
  • Jul 24, 2012 11:04pm Jul 24, 2012 11:04pm
Morning , so watching the ranges play present & next before the decision actually .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 24 KB
Click to Enlarge Name: eu2.gif Size: 17 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #319,573
  • Jul 24, 2012 11:05pm Jul 24, 2012 11:05pm
If anyone is interested the YEN is starting to shat the bed......
I don't trust any move - when you have profit...take it.
  • #319,574
  • Jul 24, 2012 11:20pm Jul 24, 2012 11:20pm
Quoting Faller
All I can do is trade what I see and stick to my trading plan. Numbers are numbers wether it is GDP or CPI or PMI - when I first started trading I used to try and understand which way price would move based on the results of these numbers - however I kept reading from senior traders that it is already priced in.....or it is already in the charts.......well after losing more money then i want to remember and trying it my way......I started to listen to these senior traders and then apply my experience in chart reading / technical analysis and along...
i am trying to learn what i can, the more i learn the more i realise that the market is often unpredictable. my main logic right now seems to be judging movements and the momentum they seem to have. My main weakness is pulling out of profitable trades too early when i get nervous. Suppose thats common amongst new traders. will keep reading and learning but i am very appreciative of having this forum to not only educate myself but also get tips on what is expected amongst the more experience traders. I would be lost without it. Done alright so far trading but hoping to be able to start making better trades moving forward. Thanks for your time and advice it has made my learning curve that much steeper.
Money never sleeps...
  • #319,575
  • Jul 24, 2012 11:23pm Jul 24, 2012 11:23pm
Quoting inpatient
i am trying to learn what i can, the more i learn the more i realise that the market is often unpredictable. my main logic right now seems to be judging movements and the momentum they seem to have. My main weakness is pulling out of profitable trades too early when i get nervous. Suppose thats common amongst new traders. will keep reading and learning but i am very appreciative of having this forum to not only educate myself but also get tips on what is expected amongst the more experience traders. I would be lost without it. Done alright so far...


I don't trust any move - when you have profit...take it.
  • #319,576
  • Jul 24, 2012 11:32pm Jul 24, 2012 11:32pm
Quoting Faller
If anyone is interested the YEN is starting to shat the bed......
uj as seen , bo & next levels react .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 16 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #319,577
  • Jul 24, 2012 11:58pm Jul 24, 2012 11:58pm
is it just me or does GBPUSD in asia looks like yesterday??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,578
  • Jul 25, 2012 12:13am Jul 25, 2012 12:13am
Quoting bguguen
is it just me or does GBPUSD in asia looks like yesterday??

looks different to me........we are difinetly at a titter tottor point - the direction it decides to take out of this sideways consolodation will be fast and violent. I am going to bed for a few hours so I can get up for the GBP news -

Have a good night everyone.

Faller.
I don't trust any move - when you have profit...take it.
  • #319,579
  • Jul 25, 2012 12:50am Jul 25, 2012 12:50am
News is flowing that European markets will be opening lower.. Its setting the stage for already what might seem as a bearish day.. But, nothing is set in stone.. So will continue to monitor.
There are those who know, and there are those who don't know.
  • #319,580
  • Jul 25, 2012 12:55am Jul 25, 2012 12:55am
Quoting Faller
looks different to me........we are difinetly at a titter tottor point - the direction it decides to take out of this sideways consolodation will be fast and violent. I am going to bed for a few hours so I can get up for the GBP news -

Have a good night everyone.

Faller.
Hmmm.... pray its to the downside...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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