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Cable Update (GBPUSD)

  • #321,941
  • Aug 20, 2012 7:29am Aug 20, 2012 7:29am
Quoting bbakker
Hey Christopher! Nice to see you, to see you nice!
Are you backwards talking, talking backwards?

... You as well my old friend. I remember fondly the days we used to share ideas and have actual '"civil" conversations about them. Even when on opposite sides.

You know, BB (Bull Bear), Wormie, TT, you, I and many others? Ah...the good ole days...
Ghost Rider - WWTBMD?
  • #321,942
  • Aug 20, 2012 7:31am Aug 20, 2012 7:31am
Ok - Fastest finger first...

Hope you are positioned shorties

The higher you can sell, the better - I believe..

If I am wrong - I just dissapear..
  • #321,943
  • Aug 20, 2012 7:35am Aug 20, 2012 7:35am
Quoting TauTrader
Ok - Fastest finger first...

Hope you are positioned shorties

The higher you can sell, the better - I believe..

If I am wrong - I just dissapear..
Been thinking the same. But going to hold my finger for a little longer. This puppy is getting ready to burst!
Attached Image (click to enlarge)
Click to Enlarge Name: gu_m30.gif Size: 26 KB
Ghost Rider - WWTBMD?
  • #321,944
  • Aug 20, 2012 7:38am Aug 20, 2012 7:38am
Quoting TauTrader
Ok - Fastest finger first...

Hope you are positioned shorties

The higher you can sell, the better - I believe..

If I am wrong - I just dissapear..
again sir....u...u....h...u...r.....t......m.....e......
If there was easy money lying around,no one would be forcing it into your
  • #321,945
  • Aug 20, 2012 7:39am Aug 20, 2012 7:39am
Quoting albchr
Been thinking the same. But going to hold my finger for a little longer. This puppy is getting ready to burst!
I see you.

I remain short from these levels. Opportunist.

regards
  • #321,946
  • Aug 20, 2012 7:40am Aug 20, 2012 7:40am
I was wondering what is your mindset when the trends crosses like is happening in a few moments with cable.

Which elements do tou consider?

Regards
  • #321,947
  • Aug 20, 2012 7:45am Aug 20, 2012 7:45am
Quoting FXMindset
again sir....u...u....h...u...r.....t......m.....e......
Hehe - I will never hurt you.

Do not want phone calls in the middle of the night... as I am drunk then.

My statement was reflecting the convidence I have. I am positive that we will drop to 1.5660.

But then again - I have been totally wrong. Often.

Regards to you
  • #321,948
  • Aug 20, 2012 7:52am Aug 20, 2012 7:52am
Quoting TauTrader
I see you.

I remain short from these levels. Opportunist.

regards
Oh I have no idea which way it will BURST (although I suspect south "this week"). Only that it will and likely.....soon.

Not the place for my EJ but....what do you think of my thinking there?
Ghost Rider - WWTBMD?
  • #321,949
  • Aug 20, 2012 7:54am Aug 20, 2012 7:54am
Quoting freeRider
I was wondering what is your mindset when the trends crosses like is happening in a few moments with cable.

Which elements do tou consider?

Regards
do not know to whom the question was directed.. for me - I just pour another Rum and Coke...

But on a more serious note...

I'm an indicator whore. So I can only do what "they" tell me to.

No emotion. SL hit - I move on

Regards
  • #321,950
  • Aug 20, 2012 8:12am Aug 20, 2012 8:12am
average range for the cable was 200 pips a day 2 years ago, now it is 65 pips daily range, market is dead
  • #321,951
  • Aug 20, 2012 8:58am Aug 20, 2012 8:58am
Current levels are a good place to go short from in both GBPUSD and EURUSD,

im short on each with decent trade lots,

the recent trends on the hourly and daily charts pointing bullish are there to confuse you with what is really going on.

Particularly the Euro which IMO is a better trade right now than the GBPUSD.

Short 1.2344 with NO stop and no TP, will let this run for a while with a target of below 1.20 by the end of september.

Pound will follow some but maybe not as strong, short at 1.571 again with no stop and a target of 1.545
  • #321,952
  • Aug 20, 2012 9:15am Aug 20, 2012 9:15am
Quoting Cumcannon
Current levels are a good place to go short from in both GBPUSD and EURUSD,

im short on each with decent trade lots,

the recent trends on the hourly and daily charts pointing bullish are there to confuse you with what is really going on.

Particularly the Euro which IMO is a better trade right now than the GBPUSD.

Short 1.2344 with NO stop and no TP, will let this run for a while with a target of below 1.20 by the end of september.

Pound will follow some but maybe not as strong, short at 1.571 again with no stop and a target of 1.545...
Interesting call......my only observation is that you say the hourly and daily charts do not mean much....they are just there to confuse you........well if you are taking your trade off a shorter time frame.....remember it was those shorter time frames that developed the hourly and daily charts.....so if the hourly and daily are just there to confuse you.....I guess the 30 min, 15 min, 10 min, 5 min, 1 min etc are there to confuse me also?

Normally one should look at the longer time frame to see price movement....and then look to the shorter time frames to place a trade....if the longer time frames are just there to confuse.....maybe there is no trade right now?

Just my thoughts....

Faller.
I don't trust any move - when you have profit...take it.
  • #321,953
  • Aug 20, 2012 9:22am Aug 20, 2012 9:22am
Some people are obviously long.

GL
  • #321,954
  • Aug 20, 2012 9:40am Aug 20, 2012 9:40am
Quoting TauTrader
Some people are obviously long.

GL
I am on UCAD

short on EU @ 1.2344 TP1 1.2321 TP2 1.2304 and TP3 1.2286-87

Short on GU from 1.5740 TP 1.5490

why on EU such short TP's and on GU long ?

no idea,I just don't like EUR anymore

on UCAD I target 1.06-07 but 1.02 first
  • #321,955
  • Aug 20, 2012 9:43am Aug 20, 2012 9:43am
Quoting redbeben
I am on UCAD

short on EU @ 1.2344 TP1 1.2321 TP2 1.2304 and TP3 1.2286-87

Short on GU from 1.5740 TP 1.5490

why on EU such short TP's and on GU long ?

no idea,I just don't like EUR anymore

on UCAD I target 1.06-07 but 1.02 first
Would not have expected anything less from you...

Encouraging..

I wish you all success

Regards
  • #321,956
  • Aug 20, 2012 9:48am Aug 20, 2012 9:48am
Quoting redbeben
I am on UCAD

short on EU @ 1.2344 TP1 1.2321 TP2 1.2304 and TP3 1.2286-87

Short on GU from 1.5740 TP 1.5490

why on EU such short TP's and on GU long ?

no idea,I just don't like EUR anymore

on UCAD I target 1.06-07 but 1.02 first

im almost 100% behind you except i see the Euro losses will be worse than the GBP.
  • #321,957
  • Aug 20, 2012 9:53am Aug 20, 2012 9:53am
Quoting Cumcannon
im almost 100% behind you except i see the Euro losses will be worse than the GBP.
well I do see the EUR fall to parity and less but as 12th of sept aka Doom's day approaches I prefer to keep it tight.I don't want to see any sudden spikes up or down.

common sense indicate that more than half the world's currencies are dead and we only trade ghosts but in reality the politicians can resurrect dead and sell us sh** for bread.

as long as we have a Merkel and Draghi to say stupid things on TV and stupid traders to buy them I fear the looses this pair might inflict to my account.

SL is tight no problem but with sudden up down moves I will have more SL's hit than keeping tight TP's

till the 12th of next month will pass I'll stay on my butt even if I miss the train south....at least I know I was right and with a safe account.
  • #321,958
  • Aug 20, 2012 11:04am Aug 20, 2012 11:04am
Good day to you,

Here is a different approach...

Do not see price going up from these levels, as gainst you - rather as extra discount.

Regards
  • #321,959
  • Aug 20, 2012 11:25am Aug 20, 2012 11:25am
Quoting redbeben
hi there buddy.you got only one thing right my age .

I was asking why bother with all the studies and to work for somebody when you can just trade for yourself ? why would you want to have a JOB ? working 9-5 ?

I thought Forex gives you a way out of this system.

imagine doing it fulltime and waking up whenever you want,having a day off whenever you want...trading from wherever you want

as for robbing you'd still robb your parents no matter the protections they might have.I remember that at one point many investors bought european...

and here is what I found long time ago and saved it for my soul...don't remember where or who but here it is the better explanation of my question ''why would you work for a bank''

''I've done 3 years also in the world of corporate tax law...and it truely sucks! Surprise surprise...hahaha I'm just a rebel by nature, I cannot stand authority and all the "brown-nosing" that comes with climbing the corporate ladder.

With forex, there's nobody to boss me around and I am fully responsible for my own success and failures. And that's a very liberating way to live your life IMHO! I look back on the university days as the best days of my lives...why? Because I had so much free time then...yes I was poor but I was FREE. That freedom is taken away by the habitual cycle of the 9-5 routine....its a routine, and routine is killer. It kills your creativity and makes you live inside the Box, and somehow along the way as you strain in between shifting through those pages of tax law and pretend to be socially subservient to the Bosses while secretly curseing them while their back is turned in between your daily cups of coffee you start to lose a bit of your SOUL...No matter what job you're in this is the common reality...

But forex is a way out. It may not be THE way out of the vicious cycle, but I feel it is one of the better ways out. How else is it possible to turn $2000 into $1M in 2-3 years? Banking your cash with Rabobank at 7% annual return...? Investing in rental properties...? I don't think so. Ultimately, the issue is about personal freedom; becoming free again, having the real choice to do what you want to do in life, and I don't think the traditional ways of investment can do that for you.

Life = having the freedom to live.

Having the freedom to live = Having choice.

Having choice = having (time and) money.

Having money = forex.

Therefore, forex = life.

Haha...rant over.
''
  • #321,960
  • Aug 20, 2012 12:17pm Aug 20, 2012 12:17pm
Quoting redbeben
and here is what I found long time ago and saved it for my soul...don't remember where or who but here it is the better explanation of my question ''why would you work for a bank''

''I've done 3 years also in the world of corporate tax law...and it truely sucks! Surprise surprise...hahaha I'm just a rebel by nature, I cannot stand authority and all the "brown-nosing" that comes with climbing the corporate ladder.

With forex, there's nobody to boss me around and I am fully responsible for my own success and failures. And that's a very liberating...

this is the best post seen from u in 1 year
forex = fighting to be free ...i like
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