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Cable Update (GBPUSD)

  • #328,001
  • Oct 24, 2012 2:38am Oct 24, 2012 2:38am
Quoting Nachiket
that is what I call gambling. bullshit call. no logic to go to 1.598x. u are just lucky.
it is not lucky just experience..1.60 is an impt number u simply played the trade where the daily average of the day happened and a retest of 1.6 was likely..

its experience!!
  • #328,002
  • Oct 24, 2012 2:41am Oct 24, 2012 2:41am
Quoting albchr
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.
Will be interesting to observe. Upward pressure will probably remain for the next few hours. 1.5960/59 is the area to watch to the downside and 1.6008 to the upside.

all the best

Regards
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  • #328,003
  • Oct 24, 2012 2:42am Oct 24, 2012 2:42am
Quoting bbakker
Read my recent posts on trends and stop being such a muppet and respect other traders!
It's OK BB. If we can't show him why he should have a little respect for a trader like Tau, the market surly will.
Ghost Rider - WWTBMD?
  • #328,004
  • Oct 24, 2012 2:42am Oct 24, 2012 2:42am
Quoting nAVIN2007
it is not lucky just experience..1.60 is an impt number u simply played the trade where the daily average of the day happened and a retest of 1.6 was likely..

its experience!!
To Your Success!!
  • #328,005
  • Oct 24, 2012 2:45am Oct 24, 2012 2:45am
Good Morning!
Istanbul Special again.

Inserted Video


cheers
To Your Success!!
  • #328,006
  • Oct 24, 2012 2:45am Oct 24, 2012 2:45am
Quoting TauTrader
Will be interesting to observe. Upward pressure will probably remain for the next few hours. 1.5960/59 is the area to watch to the downside and 1.6008 to the upside.

all the best

Regards
I'm still a bear to 5800 or lower buddy but I could be wrong. So I'm looking for a couple more longer term shorts.

Due to conditions at home, I'm working on being more of a swing trader now. We'll see how it goes.
Ghost Rider - WWTBMD?
  • #328,007
  • Oct 24, 2012 2:47am Oct 24, 2012 2:47am
Don't dare to criticize Navin, the macdaddy junior. He is like a gem, a rare one, in the ocean of shit that is forums.
Lucky one who has Navin as a friend in the real life.
Don't be smart. Be rich.
  • #328,008
  • Oct 24, 2012 2:49am Oct 24, 2012 2:49am
Quoting Nachiket
why don't you share your experience of holding the GBP long bought at 1.6280. u used to come here everyday and gbp used to tank and reduce your margin. you held this call for 7 months and was making some brave comments like look gbp rallied and will go to 1.66 and not.

Quoting Nachiket
the one trader whom I have respect for is bguguen. I targetted him initially but when I came to know he is much more knowledgeable than I am my respect for him just grew.
Hey Nav...remember Azim, you, Bull Bear and me back in the day??

CLICK!!
Ghost Rider - WWTBMD?
  • #328,009
  • Oct 24, 2012 2:50am Oct 24, 2012 2:50am
Quoting maximinus
Don't dare to criticize Navin, the macdaddy junior. He is like a gem, a rare one, in the ocean of shit that is forums.
Lucky one who has Navin as a friend in the real life.
... ... ... !!!!!
Ghost Rider - WWTBMD?
  • #328,010
  • Oct 24, 2012 2:51am Oct 24, 2012 2:51am
Quoting Nachiket
donno need an advice from a person who has blown his account in June. I have not blown it once
Why the attitude? You have made silly statements about my trade and now you can't take the counter arguments? Willing to make comments but not take comments?

Something seriously wrong there...

Pfft..
  • #328,011
  • Oct 24, 2012 2:53am Oct 24, 2012 2:53am
Quoting ndsouz
Good Morning!
Istanbul Special again.

http://youtu.be/IX6gCy-Qfa0

cheers
Dollar Index , London open.
Probability is shaky, so best to be in trader mode for me.
Retrace ? trend reversal or continuation of dollar uptrend?
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To Your Success!!
  • #328,012
  • Oct 24, 2012 3:23am Oct 24, 2012 3:23am
Has anyone else entered long on the gbpusd in the last 10 mins??????????????????
Trading comes quickly, patience and discipline does not!
  • #328,013
  • Oct 24, 2012 3:33am Oct 24, 2012 3:33am
Quoting ndsouz
failing teaches and makes one much more experienced than just simply always winning. Always winning will not teach you, but rather make yourself dangerous as you will be overconfident and get into serious problems the day the always winning trader fails.

I'd rather learn from a trader who failed or failed multiple times and then emerged a winner, than one who only won and never failed.

Cheers
Good post

It's only when we hit a brick wall we stop long enough to think.

Lord knows I've flattened my nose a few times...LOL
Ghost Rider - WWTBMD?
  • #328,014
  • Oct 24, 2012 3:39am Oct 24, 2012 3:39am
Quoting Daddypips
Has anyone else entered long on the gbpusd in the last 10 mins??????????????????
I'm into long on eur/usd and planning to go longer and longest the more it falls, my last stand is on eur/usd 1.2799 as the stop-loss. Target 1.2980 ... I hope it falls more... so i can buy better prices
To Your Success!!
  • #328,015
  • Oct 24, 2012 3:41am Oct 24, 2012 3:41am
It will without doubt

Quoting ndsouz
I'm into long on eur/usd and planning to go longer and longest the more it falls, my last stand is on eur/usd 1.2799 as the stop-loss. Target 1.2980 ... I hope it falls more... so i can buy better prices
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #328,016
  • Oct 24, 2012 3:48am Oct 24, 2012 3:48am
Quoting Bones
It will without doubt
This is only trading no?
Buy cheap euros and pounds then sell them at expensive rate.
Buy cheap dollars and sell them for expensive rate.

Now euro is feeling cheap for me.. I buy euros

dollar index chart again.
Attached Image (click to enlarge)
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To Your Success!!
  • #328,017
  • Oct 24, 2012 3:49am Oct 24, 2012 3:49am
G/M

Pullback off yesterday's 5912 lo (38.2% 5267-63098) continued up to the previous 1hr/4hr swing lo zone (potential sbr) and the 2 x fibs shown along with 23.6% of the longer 6271-5912 move where supply was encountered. price dropped to a previous 1hr swing hi zone with 76.4% fib of the a-b move shown on 1hr screenshot below.

G/L
Attached Image
ex member
  • #328,018
  • Oct 24, 2012 3:51am Oct 24, 2012 3:51am
Quoting Bones
It will without doubt
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Ghost Rider - WWTBMD?
  • #328,019
  • Oct 24, 2012 3:58am Oct 24, 2012 3:58am
we are up agaist res I will admit but I think close over 80 then 80.74


Quoting ndsouz
This is only trading no?
Buy cheap euros and pounds then sell them at expensive rate.
Buy cheap dollars and sell them for expensive rate.

Now euro is feeling cheap for me.. I buy euros

dollar index chart again.
Attachment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd x 21-10-12 w1.gif Size: 16 KB
Click to Enlarge Name: usd x 24-10 w1.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #328,020
  • Oct 24, 2012 4:01am Oct 24, 2012 4:01am
would have liked a bit more blue ,but
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h4 24 -10-12 2.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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