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Cable Update (GBPUSD)

  • #322,201
  • Aug 21, 2012 2:53pm Aug 21, 2012 2:53pm
Quoting nAVIN2007
this is not a bad idea but the market breakout was the previous monthly high..market has come back to breakout place and in theory if up is correct a close of the daily is optimum or PA around this level rejecting the highs is needed...its early to enter and aggressive but great risk reward
The theory is on a potential reversal on the h4 chart so ill have to see how current h4 candle closes before entering... If it closes so that rsi returns under 70, than that is the trade to take
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,202
  • Aug 21, 2012 2:54pm Aug 21, 2012 2:54pm
Quoting bguguen
I will try my best master nav! But you sir are a fucktard lol
Love it!! Where on earth do u find these stuff, or did u actually make one?? I cracked laughing lol....

i save stuff i find amusing, u gotta amuse yourself time to time
  • #322,203
  • Aug 21, 2012 3:09pm Aug 21, 2012 3:09pm
- Cable M5
Attached Image (click to enlarge)
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  • #322,204
  • Aug 21, 2012 3:30pm Aug 21, 2012 3:30pm
You got to remember friend, just because we got a break of the monthly high, doesnt mean its a break-OUT. We still have week and a half left for this to pullback down and become a failed break. We will retrace here, you can bet your bananas on that.

Quoting nAVIN2007
this is not a bad idea but the market breakout was the previous monthly high..market has come back to breakout place and in theory if up is correct a close of the daily is optimum or PA around this level rejecting the highs is needed (basically the previous monthly high needs to form support)...its early to enter and aggressive (because it should be support now) but great risk reward(because its aggressive)

but yur idea can happen quite easily in this market..anything goes but thats what im looking at..
Please do not vouch for me.
  • #322,205
  • Aug 21, 2012 3:34pm Aug 21, 2012 3:34pm
We are at 50% retracement level of the weekly move from 4-27 to 5/29. Now I agree we could see the 61.8 level at .5900 ish area, but he is right, a pullback to around 5700 area is imminent first.


Quoting spillini
You got to remember friend, just because we got a break of the monthly high, doesnt mean its a break-OUT. We still have week and a half left for this to pullback down and become a failed break. We will retrace here, you can bet your bananas on that.
Please do not vouch for me.
  • #322,206
  • Aug 21, 2012 3:48pm Aug 21, 2012 3:48pm
Quoting spillini
You got to remember friend, just because we got a break of the monthly high, doesnt mean its a break-OUT. We still have week and a half left for this to pullback down and become a failed break. We will retrace here, you can bet your bananas on that.
the break is significant cos monthly is fairly accurate..i had said already monthly candle previous is false if so ..it going a lot higher i feel

but can be wrong i know
  • #322,207
  • Aug 21, 2012 4:05pm Aug 21, 2012 4:05pm
Just got back in my office and i have to say im surprised we haven't retraced further (maybe 1.575)

close shorts at BE as i really dont know what is next..

sidelines for now
Money never sleeps...
  • #322,208
  • Aug 21, 2012 4:10pm Aug 21, 2012 4:10pm
Thats because we are at a low volume time of the day. We will get our retrace later. After that eventually we could see the 61.8 level at 5900 area, but it will not come right away.

Quoting inpatient
Just got back in my office and i have to say im surprised we haven't retraced further (maybe 1.575)

close shorts at BE as i really dont know what is next..

sidelines for now
Please do not vouch for me.
  • #322,209
  • Aug 21, 2012 4:23pm Aug 21, 2012 4:23pm
Quoting XTrade
5765 cracked. resistance wise and still holding the ascending TL on H1 and H4 why are you guys so bearish??
There are trends within trends within trends. One person can be bullish while another bearish on different time frames and both be correct!
  • #322,210
  • Aug 21, 2012 4:36pm Aug 21, 2012 4:36pm
U.S. session lost upside momentum after european close. Dow reversed to negative and Market Sentiment turned negative.

My downside tp for short scalps was hit around 1.5772, and held so far.
  • #322,211
  • Aug 21, 2012 4:38pm Aug 21, 2012 4:38pm
Quoting nAVIN2007
no need to avoid posting just find a way to develop yourself so u dont get angry..u keep doing this u will eventually find a way to think where u cant be effected..trading is about developing and growing into a stronger, hopefully better person :-embrace the challenge

or post photo message like this ..lol
you made me laugh, Nav
  • #322,212
  • Aug 21, 2012 8:42pm Aug 21, 2012 8:42pm
Quoting bguguen
now faller... dont get cocky....
not going against you but people here just wont care...

Hey Bguguen.......when you think of me.....is this what you see????

The sounds like you and me.....hope you get a laugh.......listen to the WHOLE thing!!!!!!!!!!!



Inserted Video
I don't trust any move - when you have profit...take it.
  • #322,213
  • Aug 21, 2012 8:54pm Aug 21, 2012 8:54pm
Quoting Faller
Hey Bguguen.......when you think of me.....is this what you see????

The sounds like you and me.....hope you get a laugh.......listen to the WHOLE thing!!!!!!!!!!!



http://www.youtube.com/watch?v=zdmSNRxmxJc
Should become the forums anthem,

'i was right and you were wrong, im gonna sing the i was right song'

Faller, do you have little kids? If not im curious how you stumbled across this my brother. im about to have twin boys (well my wife is) and this kind of thing is my future.

Good job i have the mental age of a 5 year old,
Money never sleeps...
  • #322,214
  • Aug 21, 2012 8:59pm Aug 21, 2012 8:59pm
Hey Faller,

Any change on the market view right now? i know you said you were out until a clearer picture emerges?

Im sticking with the original trendlines we talked about and im encouraged by the overbought signals on the stoch indi (H4) which is my main chart.

I opened up a small short scalp near the top but closed it out earlier. Still thinking short right now, at least to the 1.57 area in maybe 12 hrs.
Money never sleeps...
  • #322,215
  • Aug 21, 2012 9:02pm Aug 21, 2012 9:02pm
Quoting inpatient
Should become the forums anthem,

'i was right and you were wrong, im gonna sing the i was right song'

Faller, do you have little kids? If not im curious how you stumbled across this my brother. im about to have twin boys (well my wife is) and this kind of thing is my future.

Good job i have the mental age of a 5 year old,

Yup....I have kids.....7 year old daughter Mya and 3 year old son Joel.....and I am 42 and a kid at heart......99% of the people here have never ever asked anything about me....they just like to fight with me....I am actually a pretty decent fellow......

Cheers....and awesome about the twins.....first for you????

Faller.
I don't trust any move - when you have profit...take it.
  • #322,216
  • Aug 21, 2012 9:03pm Aug 21, 2012 9:03pm
Quoting inpatient
Hey Faller,

Any change on the market view right now? i know you said you were out until a clearer picture emerges?

Im sticking with the original trendlines we talked about and im encouraged by the overbought signals on the stoch indi (H4) which is my main chart.

I opened up a small short scalp near the top but closed it out earlier. Still thinking short right now, at least to the 1.57 area in maybe 12 hrs.

I am short Copper right now. Like I said earlier....I do not post all of my trade ideas..........if people would just ask questions I might offer more.....but this you are an arrogant prick stuff just does not work for me......

Faller.
I don't trust any move - when you have profit...take it.
  • #322,217
  • Aug 21, 2012 9:03pm Aug 21, 2012 9:03pm
Speaking of 12 hrs, how do you manage your time trading being on the time zone you are?

I struggle to handle this as everything seems to happen while im asleep. By the time i wake up the price has moved and i somewhat lose track of things. I then rush into a trade less prepared than i should.

Been thinking of staying up through the night and becoming a nightwalker.
Money never sleeps...
  • #322,218
  • Aug 21, 2012 9:07pm Aug 21, 2012 9:07pm
Some music to pass the dull times.....

Inserted Video
I don't trust any move - when you have profit...take it.
  • #322,219
  • Aug 21, 2012 9:09pm Aug 21, 2012 9:09pm
Quoting inpatient
Speaking of 12 hrs, how do you manage your time trading being on the time zone you are?

I struggle to handle this as everything seems to happen while im asleep. By the time i wake up the price has moved and i somewhat lose track of things. I then rush into a trade less prepared than i should.

Been thinking of staying up through the night and becoming a nightwalker.
check your pm....
I don't trust any move - when you have profit...take it.
  • #322,220
  • Aug 21, 2012 9:11pm Aug 21, 2012 9:11pm
Quoting Faller
about the twins.....first for you????

Faller.

Yes first for both me and my wife, it was funny we walked down the aisles at babies r us and didnt even have a clue what most of the stuff was, people keep telling me we will pick it up quick and i know we are both committed to doing our best (of course)

Im 35 and my wife 38, we are both British but living in the USA means we have no family here to help us. We do have each other though so we will make it.

Its actually the reason i am looking at trading full time in the future. I have been fairly successful in business and been able to grow at maybe 25% every year. However, the work is tough and if i can get proficient enough at trading im going to sell trhe business and drop a chunk into a bigger trading account.

I have figured that to aim for a 10% monthly gain is comfortable, meaning i will only need to place trades when im almost fully confident of the market.

i have noticed that many peole blow their accounts because they leverage themselves too heavily trying to double their balance every few months. Its a question of discipline which many struggle with because they want it so badly.

Congratualtions on having those kids, never used to realise this (suppose only parents do) but they are the most important thing in your life and the biggest achievement anyone can have.

looking forward to being a father, definitely a club i want to be in.
Money never sleeps...
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