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Cable Update (GBPUSD)

  • #327,981
  • Oct 24, 2012 1:54am Oct 24, 2012 1:54am
Quoting bbakker
http://gyazo.com/922885c19d6e05bd84e0dda92a511b06

First resistance @1.5959... will take some off here.
Target hit... my longs are closed. Thank you Frankie!

Lots of news today, expect some whipsaw action. Today is probably a scalping day!

Thanks to all for your kind words.

Nice to see Fudomyo back in this thread... he is one of the very few traders on FF that I respect. Study his higher timeframe charts... you will learn from them!

Have a great day all... I am out of here for a little while again. Need to focus on the job in hand.
  • #327,982
  • Oct 24, 2012 1:55am Oct 24, 2012 1:55am
Quoting albchr
Should be good for a few BB. I'm waiting on the 30m. If it's a pin I'll long looking for 5988ish again.
Quoting albchr
long 5930
Closed at 5992
Ghost Rider - WWTBMD?
  • #327,983
  • Oct 24, 2012 1:56am Oct 24, 2012 1:56am
Quoting Nachiket
that is what I call gambling. bullshit call. no logic to go to 1.598x. u are just lucky.
Nah mate... TT is spot on. Check your bloody charts, especially the h1/h4 chart! Same reason why I went long if you go back a few posts in this thread!
  • #327,984
  • Oct 24, 2012 1:56am Oct 24, 2012 1:56am
Quoting TauTrader
Good day to you, sir

Appreciated - one had to go my way for a change.

Got out @ 1.5985

Now aside to see what will form today.

All the best
Good day buddy

NICE!!
Ghost Rider - WWTBMD?
  • #327,985
  • Oct 24, 2012 1:56am Oct 24, 2012 1:56am
Quoting albchr
Closed at 5992


Catch you soon Chris!
  • #327,986
  • Oct 24, 2012 1:57am Oct 24, 2012 1:57am
Quoting Nachiket
that is what I call gambling. bullshit call. no logic to go to 1.598x. u are just lucky.
You have no clue!! Show some respect!!!!!!
Ghost Rider - WWTBMD?
  • #327,987
  • Oct 24, 2012 1:57am Oct 24, 2012 1:57am
Quoting bbakker


Catch you soon Chris!
You got it my friend
Ghost Rider - WWTBMD?
  • #327,988
  • Oct 24, 2012 1:59am Oct 24, 2012 1:59am
Be interesting to see the close of this h4
  • #327,989
  • Oct 24, 2012 2:07am Oct 24, 2012 2:07am
bought at 1.5960 and TP was attained at 1.5990. +30 pips
i hope 1.5990 will hold and price may fall again.
  • #327,990
  • Oct 24, 2012 2:15am Oct 24, 2012 2:15am
Quoting bbakker
So you're a trend trader...

Let me throw a spanner in the works for you... What is the trend on the weekly? I mean, we have come from 1.53 so the trend is up right? So if you are trading with the trend... why are you shorting the shit out of it?

"A trend is your friend"... until it bends!

I am not trying to throw you off here... I am just trying to get you to think about what a trend actually is, because doesn't each timeframe have its own trend?

Hopefully some food for thought!
Couldn't agree more and in fact, if you dig back to some of my earliest posts (even while still demo) you'll see me say over and over ....

"There is no trend. Just ranges happening at different levels" and...
"The only SURE direction is EAST!"
Ghost Rider - WWTBMD?
  • #327,991
  • Oct 24, 2012 2:18am Oct 24, 2012 2:18am
Quoting albchr
You have no clue!! Show some respect!!!!!!
what clue are you talking about. this is pure gambling and I don't trade both ways. I catch one side and trade that
  • #327,992
  • Oct 24, 2012 2:19am Oct 24, 2012 2:19am
Quoting Nachiket
what clue are you talking about. this is pure gambling and I don't trade both ways. I catch one side and trade that
did a big mistake of going long at 53 just for counter trade purpose but I closed it in small profit
  • #327,993
  • Oct 24, 2012 2:20am Oct 24, 2012 2:20am
Quoting Nachiket
what clue are you talking about. this is pure gambling and I don't trade both ways. I catch one side and trade that

if I am not wrong we are going back to 1.5850
  • #327,994
  • Oct 24, 2012 2:25am Oct 24, 2012 2:25am
Quoting Nachiket
what clue are you talking about. this is pure gambling and I don't trade both ways. I catch one side and trade that
With respect - there are many different ways to extract pips from the market. Just because someone else enters a trade that does not agree with your personal way of trading, does not make them wrong or gamblers.

I stated that the entry was purely mechanical. I took a buy signal. No gambling there. Took risk - yes - but that is what we all do when trades are entered - be it based on fundies or techs or mechanical systems. See first chart.

The second chart is a 20 pip renko. 1.5900, 1.5920, 1.5940, 1.5960, 1.5980, 1.6000. A simple entry confirmation based on indicators and the nearest S/R level marked - 1.5980. No gambing there as a possible target.

Regards and all the best
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  • #327,995
  • Oct 24, 2012 2:25am Oct 24, 2012 2:25am
Quoting Nachiket
what clue are you talking about. this is pure gambling and I don't trade both ways. I catch one side and trade that
Just because you can't, doesn't mean others can't. You just saw THREE traders make a nice profit trade on "Evidance", no gamble.

You can only hope to be the trader Tau is one day.

Landed on solid support where it was almost SURE to bounce (I believe you went short there?)
Long drop with a little correction in order.
A test of just broken support at 5988

And....

What clue? Here ya go

Study up..
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Ghost Rider - WWTBMD?
  • #327,996
  • Oct 24, 2012 2:26am Oct 24, 2012 2:26am
Quoting Nachiket
did a big mistake of going long at 53 just for counter trade purpose but I closed it in small profit
Now that's gambling...LOL
Ghost Rider - WWTBMD?
  • #327,997
  • Oct 24, 2012 2:27am Oct 24, 2012 2:27am
In fact - going short based on the renko chart at this point will be gambling.
  • #327,998
  • Oct 24, 2012 2:32am Oct 24, 2012 2:32am
Quoting TauTrader
In fact - going short based on the renko chart at this point will be gambling.
Yep, we have a bit more upside me thinks sir. IF it can through 5988. Should be a bit of R now.

I'll be looking around 6060/80ish for shorts but a lot of noise today. Might be a good scalping day all in all.
Ghost Rider - WWTBMD?
  • #327,999
  • Oct 24, 2012 2:32am Oct 24, 2012 2:32am
Quoting Nachiket
what clue are you talking about. this is pure gambling and I don't trade both ways. I catch one side and trade that
Read my recent posts on trends and stop being such a muppet and respect other traders!
  • #328,000
  • Oct 24, 2012 2:37am Oct 24, 2012 2:37am
Quoting bbakker
You are not a trader but a gambler. In the long run you will fail.
Sometimes trader mode, sometimes gambler mode. Depend on probability of market and scenario. what is the problemo?
To Your Success!!
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