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Cable Update (GBPUSD)

  • #324,761
  • Sep 21, 2012 6:22am Sep 21, 2012 6:22am
Quoting albchr
Freaking awesome! 62707 (so far) on my feed.

Are you the man behind the curtain??

Just one question. On what TF will you look to confirm it's either held, or failed?

I dunno,I see things on all charts.some levels are confirmed by only one chart some by 3-4 in the same time.

but what I do is risky as I mainly countertrend. if you want I can send you some books about this stuff but I don't know how much it will help.
  • #324,762
  • Sep 21, 2012 6:26am Sep 21, 2012 6:26am
Quoting Abouelzelouf
I hope you are out from your old long trade gpb/usd by now?

yes i took a hit and went the other way..
thanks man for the heads up

red what yah thinking now buddy..u reckon the sum bitch may reverse here?

1.6050 i see
  • #324,763
  • Sep 21, 2012 6:26am Sep 21, 2012 6:26am
Quoting redbeben
ZE moment of trus nau


1.6269-1.6255-1.6242
1.3003-1.2980-1.2959
0.9314-0.9332-0.9350


will we see 1.2900 by the end of the day ?

will we retest 1.6217 and 1.6201 by the end of the day ?

this is what I have no clue to be honest but if above levels fail as in 6242 and 2959 we kind of head to those other ones.

will we see 0.9380 ...same story if 9347-50 gives way
  • #324,764
  • Sep 21, 2012 6:30am Sep 21, 2012 6:30am
Quoting nAVIN2007
yes i took a hit and went the other way..
thanks man for the heads up

red what yah thinking now buddy..u reckon the sum bitch may reverse here?

1.6050 i see
see my last post

I don't see 6050 but if 6242 fails to hold we see 1.6217-1.6201 in those 2 steps

below I need to shift to higher TFS and here is a problem

on H4 there is a chance of perfect buy and this on H4 means 1.64 as a min...don't want to calculate to be honest as I am lazy

on daily..a close below 1.6186 will take us not to 6050 but to 1.6032-13...as that one is the next important S area backed up by my charts....but I am afraid I cannot calculate anything for to back up the charts

maybe by the end of the day my charts will tell me a diff story
  • #324,765
  • Sep 21, 2012 6:32am Sep 21, 2012 6:32am
Quoting albchr
Freaking awesome! 62707 (so far) on my feed.

Are you the man behind the curtain??

Just one question. On what TF will you look to confirm it's either held, or failed?

when I was a total newbee on here and used to eavesdrop as newbees do, I used to follow a number of traders including Nav, Red, PT, Faller, apologies if I missed anyone out and I learnt something from everyone.

A few things have stuck in my mind, trendlines and price action were 2 major significant things. But I could never work out the price action bit until........

Red said something about how can you trade if you dont know where the price is going to go so I looked at his charts and subsequently learnt a little about ichimoku which is one of the few indicators that look forward.

Red is a little genius (bit of a nutter as well mind you) and whilst I am nowhere near as precise as he is, I am starting to learn.

One day....
  • #324,766
  • Sep 21, 2012 6:35am Sep 21, 2012 6:35am
Quoting redbeben
ZE moment of trus nau


1.6269-1.6255-1.6242
1.3003-1.2980-1.2959
0.9314-0.9332-0.9350
update where red is touched and pink is few pips away.

remember that market moves in steps and this is why I have 3 TP and not only go for the last one

market goes to tp1 then retraces

tp2 follows then retraces
tp3 follows and if it holds it retraces if not it bursts right through it

more or less

so keep an eye on the last TP and from there we might go back to TP 2 and maybe even TP 2

still ranging if we move in steps
  • #324,767
  • Sep 21, 2012 6:36am Sep 21, 2012 6:36am
Quoting albchr
Ummmm.....me...

Probably an idiot but ... long at 6289 and dam the torpedos! Profit or bust, I don't care!
Bust! And I still don't care

Long at 6260
Ghost Rider - WWTBMD?
  • #324,768
  • Sep 21, 2012 6:37am Sep 21, 2012 6:37am
Quoting redbeben
ZE moment of trus nau


1.6269-1.6255-1.6242
1.3003-1.2980-1.2959
0.9314-0.9332-0.9350
So, your 1st TP came. When the 2nd and the 3rd will?

I like to see you write another level down 16225 - that is my only TP

Good luck all
  • #324,769
  • Sep 21, 2012 6:38am Sep 21, 2012 6:38am
so 271 retrace and then back 240? possible

Quoting redbeben
update where red is touched and pink is few pips away.

remember that market moves in steps and this is why I have 3 TP and not only go for the last one

market goes to tp1 then retraces

tp2 follows then retraces
tp3 follows and if it holds it retraces if not it bursts right through it

more or less

so keep an eye on the last TP and from there we might go back to TP 2 and maybe even TP 2

still ranging if we move in steps
  • #324,770
  • Sep 21, 2012 6:41am Sep 21, 2012 6:41am
Quoting redbeben
I dunno,I see things on all charts.some levels are confirmed by only one chart some by 3-4 in the same time.

but what I do is risky as I mainly countertrend. if you want I can send you some books about this stuff but I don't know how much it will help.
Always interested in learning. I never heard of this method until you mentioned it to me the other day. Sure! I can read....LOL

I also like the countertrend and bounces personally.
Ghost Rider - WWTBMD?
  • #324,771
  • Sep 21, 2012 6:47am Sep 21, 2012 6:47am
Quoting ForexRatVN
So, your 1st TP came. When the 2nd and the 3rd will?

I like to see you write another level down 16225 - that is my only TP

Good luck all
TP1 and 2 came already or I got the question wrong ?

waiting for TP3 now ....

I was short on EU from 1.3042 and GU from 1.6300 and long UCHF from 0.9301 where my short hit the trailer from 0.9336

so on EU short from 1.3042 hit TP 1 @ 3003 and 2980 and stopped 6 pips away from TP3

On GU short from 1.63 went to TP1 @ 1.6269 and 1.6255 and retraced

on UCHF went from 0.9301 to 0.9314 as tp 1 and 0.9332 as tp2 and still TP 3 has to come @ 0.9347-50


now time will tell if TP3 will be hit or not.this is why I scale out with each TP and move SL with the market.


for your TP ....we'll get there if we go under 6242 as we see 6217 first and later 6201
  • #324,772
  • Sep 21, 2012 6:52am Sep 21, 2012 6:52am
Quoting gavalar
so 271 retrace and then back 240? possible
no idea how this works

in order for me to calculate all the numbers I need a clear mind and a smaller chart...like lower than M1.I mean I am a rocketscientist (I really am)but there are tooooo many pairs to calculate.

if I get a perfect sell signal on M1 now...and it seems to be forming we might see the TP3 and from there on you have the numbers already

either bounce to TP2 back meaning 6255 or 6217...this is one big question in my head that I will never answer.

can we as people know where the market will be heading ?

this morning I knew about the buys but I got cocky with my numbers and thought that my numbers will scare the arabs away....they didn't

anyway
  • #324,773
  • Sep 21, 2012 6:59am Sep 21, 2012 6:59am
todays close will determine if this is a longer term trade
  • #324,774
  • Sep 21, 2012 7:03am Sep 21, 2012 7:03am
See told ya...total nutter

Quoting redbeben
no idea how this works

in order for me to calculate all the numbers I need a clear mind and a smaller chart...like lower than M1.I mean I am a rocketscientist (I really am)but there are tooooo many pairs to calculate.

if I get a perfect sell signal on M1 now...and it seems to be forming we might see the TP3 and from there on you have the numbers already

either bounce to TP2 back meaning 6255 or 6217...this is one big question in my head that I will never answer.

can we as people know where the market will be heading ?

this...
  • #324,775
  • Sep 21, 2012 7:04am Sep 21, 2012 7:04am
Quoting redbeben
no idea how this works

in order for me to calculate all the numbers I need a clear mind and a smaller chart...like lower than M1.I mean I am a rocketscientist (I really am)but there are tooooo many pairs to calculate.

if I get a perfect sell signal on M1 now...and it seems to be forming we might see the TP3 and from there on you have the numbers already


anyway
I got the signal now what ?
  • #324,776
  • Sep 21, 2012 7:06am Sep 21, 2012 7:06am
Quoting gavalar
See told ya...total nutter
hmmmm

you seem to be pretty accurate there I wonder how far will you go with your knowledge
  • #324,777
  • Sep 21, 2012 7:10am Sep 21, 2012 7:10am
Quoting redbeben
I got the signal now what ?
well again, I'm just an apprentice but I'd say on way to 240.

Anyway, that last little run to here plus what I did earlier tells me I've had enough.

not quite hit my own little target for week but not too far off...

good week end all
  • #324,778
  • Sep 21, 2012 7:11am Sep 21, 2012 7:11am
I got confirmation that arabs are lurking at mentioned levels

I said 1.6217 arabs are @ 1.6220

I said 1.6201 they are at 1.6200

and below at the line in the sand 1.6165(my line ) and 1.6160 arabs defence

on EU same thing

they wait @ TP3 as in 2950-60 and 2930-2900 and below @ 2850-30

I might move my TP on EU short from 2805-06 to 2850-60

we will see
  • #324,779
  • Sep 21, 2012 7:12am Sep 21, 2012 7:12am
Quoting redbeben
hmmmm

you seem to be pretty accurate there I wonder how far will you go with your knowledge
well wherever I go, it will be 2 steps forward and 1 step back...at least I hope its that way round
  • #324,780
  • Sep 21, 2012 7:12am Sep 21, 2012 7:12am
Quoting redbeben
hmmmm

you seem to be pretty accurate there I wonder how far will you go with your knowledge

to be good in trading u need to be different..think differently

being a nutter works..i know im one too
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