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Cable Update (GBPUSD)

  • #321,661
  • Aug 16, 2012 9:33am Aug 16, 2012 9:33am
on prz. already close long and hmmmmmmmmmm............
Quoting iqyu5an
still flat, waiting and watching .........

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http://www.forexfactory.com/attachme...5&d=1344984300

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http://www.forexfactory.com/attachme...5&d=1345080569
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bari dahar emping ...
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not euphoria follower
  • #321,662
  • Aug 16, 2012 10:24am Aug 16, 2012 10:24am
Quoting Makavelli7
OOPS!!! look what just happened to them Bears!!! AAARGGH I cant watch this
Come with me if you want to live....
  • #321,663
  • Aug 16, 2012 10:28am Aug 16, 2012 10:28am
Quoting Ill-b-back
where is bguguen ?????????????? he said "take my words,gu will close below 5700 and 5713 is today high"
Sometimes it's better to be wrong,to learn..
  • #321,664
  • Aug 16, 2012 10:41am Aug 16, 2012 10:41am
Quoting KiNgEdwarD
where is bguguen ?????????????? he said "take my words,gu will close below 5700 and 5713 is today high"

i thought he said that GU will close below 1.57 but didnt see the claim that the daily high was for sure 5713, i thought he just said he would expect it since he was closed out at that point?

Not another ego battle please, had enough of these lately.
Money never sleeps...
  • #321,665
  • Aug 16, 2012 10:48am Aug 16, 2012 10:48am
Quoting KiNgEdwarD
where is bguguen ?????????????? he said "take my words,gu will close below 5700 and 5713 is today high"
Dunno bro
All I know is there is a lot more to this forex cake than meets the eye. Personally, I still think this market is turning bullish on its longer term weekly ear. We may go down some first, hard to tell, but there have been bullish forces at work since beginning of June for reasons not entirely clear yet, but they are there. Something is up and the fix has been in for sometime in my opinion.
Come with me if you want to live....
  • #321,666
  • Aug 16, 2012 10:51am Aug 16, 2012 10:51am
Quoting iqyu5an
on prz. already close long and hmmmmmmmmmm............
Bravo my friend, bravo
Come with me if you want to live....
  • #321,667
  • Aug 16, 2012 10:52am Aug 16, 2012 10:52am
Quoting inpatient
i thought he said that GU will close below 1.57 but didnt see the claim that the daily high was for sure 5713, i thought he just said he would expect it since he was closed out at that point?

Not another ego battle please, had enough of these lately.
not a fight,its truth he always remains over confident....any way he might be good trader..wish him the very best of luck
Sometimes it's better to be wrong,to learn..
  • #321,668
  • Aug 16, 2012 10:53am Aug 16, 2012 10:53am
Quoting Ill-b-back
Dunno bro
All I know is there is a lot more to this forex cake than meets the eye. Personally, I still think this market is turning bullish on its longer term weekly ear. We may go down some first, hard to tell, but there have been bullish forces at work since beginning of June for reasons not entirely clear yet, but they are there. Something is up and the fix has been in for sometime in my opinion.
Sometimes it's better to be wrong,to learn..
  • #321,669
  • Aug 16, 2012 11:01am Aug 16, 2012 11:01am
sell from 5740 ,sl 5750 first tp 5710....i still think i may be stopped out very soon,but if not will got my tp i hope...Good luck to All...GOOD NIGHT
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Sometimes it's better to be wrong,to learn..
  • #321,670
  • Aug 16, 2012 11:15am Aug 16, 2012 11:15am
Quoting KiNgEdwarD
not a fight,its truth he always remains over confident....any way he might be good trader..wish him the very best of luck
he is a solid trader and from what i have seen uses almost everything he can to accurately predict and base his opinion. If trading is using charts/fundies/tech/stars/cycles etc etc then he could equally have jumped on you for not knowing what QE3 was. He didnt because its not important and he seems more wise than to fire back in arguments - especially of late.

Im not being pissy with you bro, i just get frustrated when someone on here has the balls to post/state his trades and then is crucified by people after. Many times the people who do this have not stated anything specific in the opposite direction and to the contrary. Its easy to say 'i think its gonna go up' then jump on anyone that says the opposite anytime there is a 30 pip move.

If someone makes a call and gets it wrong we should at least recocgnise that they had the balls to make a call in the first place. im also short right now but dont expect people to start telling me im over confident because i post my thoughts and express myself and opinions. There are many characters and personalities on here, some are brash and some are reserved. Some are naive, some are extrovert. Im happy in this forum because i realise that we should be able to post freely what we think and show our personality if desired. For example, redbeben (who is quite a character) will often post that he is going to do the opposite of what he really does. he does it to trick the great spy in the sky watching the forum to learn how to screw us all and break our stops before doing what we expected. Everyone knows (well the more regular followers do) that he is just playing around, nobody jumps on his back because it is his personality showing and it makes the forum way more fun for everyone. lets face it what we do is super boring after a while, we sit and stare at a screen all day while our wives/girlfriends get angry with us because we cant even talk to them for a few minutes each day.
anything we can find to bring humour to the day and connect with fellow traders for me is great.

i just think the whole, 'where are you now' statements stink of your own insecurity bro, this isnt an alpha male thing, its about us coming together to engage, assist, learn to make money better from trading.(not coming together literally, back to back or anything)

Sorry this is a long post but i cut my nails yesterday and my typing is awesome right now.
Money never sleeps...
  • #321,671
  • Aug 16, 2012 11:30am Aug 16, 2012 11:30am
Quoting inpatient
he is a solid trader and from what i have seen uses almost everything he can to accurately predict and base his opinion. If trading is using charts/fundies/tech/stars/cycles etc etc then he could equally have jumped on you for not knowing what QE3 was. He didnt because its not important and he seems more wise than to fire back in arguments - especially of late.

Im not being pissy with you bro, i just get frustrated when someone on here has the balls to post/state his trades and then is crucified by people after. Many times the people who do this...
i have seen his attitude in AUD/USD thread...! liked your typing...
Sometimes it's better to be wrong,to learn..
  • #321,672
  • Aug 16, 2012 11:52am Aug 16, 2012 11:52am
Quoting joop
bear will bite the bulls today, 1.5633 level.then bounce higher.today or tomorrow.at this moment,i focus with gold.waiting too counter big movement because i dont have much time today.i have to go work.no time for swing.sob sob sob if it go higher 1st,it means sell from the top.what i believe it fall 1st for today

"see u all at us seasons"
just came back from work.retracement at this moment.open sell,last post for today.which level ..

"shower time"
patient is my attitude, rushing is a dog
  • #321,673
  • Aug 16, 2012 12:55pm Aug 16, 2012 12:55pm
http://www.forexfactory.com/attachme...5&d=1345080569

Quoting iqyu5an
on prz. already close long and hmmmmmmmmmm............
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not euphoria follower
  • #321,674
  • Aug 16, 2012 1:24pm Aug 16, 2012 1:24pm
Quoting Madscientist
Really messed up my head today, some of the things does'nt make sense to me.. Maybe I'm a beginner, thats why.. Anyway, a wise man said to me a long time ago, even if you're messed up at any particular trading day, just execute you're trade plans that you've been planning at the start of the week, don't think about anything else.. So I took this trade, hope you guys can give some opinion..

Regards

u have a channel which is moving up..so yur seeing is good but u sell when the channel is up......longer term if yur channel is holding true price should be higher, yet u sell

seeing is believing but u aint believing..u need to work on this, or yur being aggressive for a few pips?
if it goes wrong u need to ask yourself why u short in a upward channel..
  • #321,675
  • Aug 16, 2012 2:09pm Aug 16, 2012 2:09pm
Quoting nAVIN2007
u have a channel which is moving up..so yur seeing is good but u sell when the channel is up......longer term if yur channel is holding true price should be higher, yet u sell

seeing is believing but u aint believing..u need to work on this, or yur being aggressive for a few pips?
if it goes wrong u need to ask yourself why u short in a upward channel..
Thanks for the input.. I entered as the price goes up into the old supply level, but I guess it is already filled.. About the rising channel, you're right, I have some doubt as the price tested a couple of time and thinks it will be broken in short term time, but still its a good trend line and I didn't put enough believe in my charts.. Really need to work on that..

Thanks again for your opinion nAVIN2007, its been a good lesson today..

Regards
  • #321,676
  • Aug 16, 2012 2:17pm Aug 16, 2012 2:17pm
Quoting Madscientist
Thanks for the input.. I entered as the price goes up into the old supply level, but I guess it is already filled.. About the rising channel, you're right, I have some doubt as the price tested a couple of time and thinks it will be broken in short term time, but still its a good trend line and I didn't put enough believe in my charts.. Really need to work on that..

Thanks again for your opinion nAVIN2007, its been a good lesson today..

Regards

remember buddy technicals as in yur case a trendline channel is a guide, something which gives parameters for where its heading, price..if the channel is upwards price is trending upwards

trade in the direction of the trend..u can learn this from a demo..try it!! find a trending market enter in what u believe is the direction..dont have a stop loss..if yur right u should after a month or weeks depending on the frame be in profit.. or if drawdown u find the trend will save u...

bottom line always follow the trend..if the line channels are down...go down..sell and vica versa
golden rule to save account = follow the trend
i hope in some way this has been constructive
  • #321,677
  • Aug 16, 2012 2:23pm Aug 16, 2012 2:23pm
Quoting inpatient
he is a solid trader and from what i have seen uses almost everything he can to accurately predict and base his opinion. If trading is using charts/fundies/tech/stars/cycles etc etc then he could equally have jumped on you for not knowing what QE3 was. He didnt because its not important and he seems more wise than to fire back in arguments - especially of late.

Im not being pissy with you bro, i just get frustrated when someone on here has the balls to post/state his trades and then is crucified by people after. Many times the people who do this...
  • #321,678
  • Aug 16, 2012 2:55pm Aug 16, 2012 2:55pm
Quoting Madscientist
Thanks for the input.. I entered as the price goes up into the old supply level, but I guess it is already filled.. About the rising channel, you're right, I have some doubt as the price tested a couple of time and thinks it will be broken in short term time, but still its a good trend line and I didn't put enough believe in my charts.. Really need to work on that..

Thanks again for your opinion nAVIN2007, its been a good lesson today..

Regards
Sir you're reason for shorting here is perfectly valid...yes there is a short term upward chanel but we're also in a range dating back to june, and we're at the top of the range now. So, the market has got to work very hard to break that range, or else it probably goes down again. I'm short but with a wide sl outside the range. No-one can predict the market, just play probabilities...good luck.
  • #321,679
  • Aug 16, 2012 3:07pm Aug 16, 2012 3:07pm
Quoting LA Forex
Sir you're reason for shorting here is perfectly valid...yes there is a short term upward chanel but we're also in a range dating back to june, and we're at the top of the range now. So, the market has got to work very hard to break that range, or else it probably goes down again. I'm short but with a wide sl outside the range. No-one can predict the market, just play probabilities...good luck.
This is why I love forex and this forum. Range? Trend? lots of different opinions and thats good for discussion, ultimately you have to see for yourself and trust your judgement. Looking at his chart though, I see higher highs and higher lows which suggests a trend. I see 1.575/6 as potentially at the top of the channel so unless it breaks, should come back down
  • #321,680
  • Aug 16, 2012 3:18pm Aug 16, 2012 3:18pm
The pair looks like a technical break (upwards) on 4 hour chart. Provided 1.5770 level is taken out. Other than that, I am still waiting for reversal at the area.
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