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Cable Update (GBPUSD)

  • #330,181
  • Nov 17, 2012 1:08pm Nov 17, 2012 1:08pm
Quoting nAVIN2007
this is what i see bro..bottom line the bear massive candle didnt break south..instead it stopped out the shorts..this tells me something??!!
Tony yur a great guy man ..u inspire me bro..u share so much without motive!! ..more folks need to be like u
http://i648.photobucket.com/albums/u...um/cable12.gif
If you look at your closed monthly candles nAV, both the highs and lows are getting progressively lower, we have not seen the highlighted upper range for sometime (in fact not within cooee of it), there is a double touch at the bottom before Mays drop and your TL slopes down. I just don't see any significant bullish indication anywhere.
Come with me if you want to live....
  • #330,182
  • Nov 17, 2012 1:39pm Nov 17, 2012 1:39pm
My prediction for next week.
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  • #330,183
  • Nov 17, 2012 3:04pm Nov 17, 2012 3:04pm
Quoting _BBKing_
lol
why should i be? i also cutted my position when price approached again my green as i said few days ago "at first approach near 5890-5900 would have partially closed and wait"... tried to open a short in hedge but went stopped out @BE before week ending time. unless a clear breake north above 5915.... bulls will have small hopes next week.
actually i'm holding about 50% of original position. will add if short term uptrend begins or will decide to get the loss in case of breake down. overall i think you did it right to close longs:...

forgot to mention:
the problem is that IF the 5915 will be taken, the move will be insanely strong and fast.
that's the main reason why i didn't close the whole postion.
90% of traders use TA, indicators and prediction
  • #330,184
  • Nov 17, 2012 3:13pm Nov 17, 2012 3:13pm
Quoting _BBKing_
forgot to mention:
the problem is that IF the 5915 will be taken, the move will be insanely strong and fast.
that's the main reason why i didn't close the whole postion.
I only open one buy position, i regret that i didn't open 2 else i can close one and keep one. Now don't know if close to take the profit or wait.
  • #330,185
  • Nov 17, 2012 3:53pm Nov 17, 2012 3:53pm
Quoting Ill-b-back
If you look at your closed monthly candles nAV, both the highs and lows are getting progressively lower, we have not seen the highlighted upper range for sometime (in fact not within cooee of it), there is a double touch at the bottom before Mays drop and your TL slopes down. I just don't see any significant bullish indication anywhere.
Personally nAV, I think it is the Bull that has been punched in the face (again)
lol...
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #330,186
  • Nov 17, 2012 4:02pm Nov 17, 2012 4:02pm
Quoting Ill-b-back
Personally nAV, I think it is the Bull that has been punched in the face (again)
lol...
And now that we have had the post election bearish breakout, those bullshit artists at "Wall Street" who need suckers to sell to, are telling us to buy dips.

So how many more reason do we need to sell rallies, lol...

Seriously, LOL...
Come with me if you want to live....
  • #330,187
  • Nov 17, 2012 5:16pm Nov 17, 2012 5:16pm
.
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #330,188
  • Edited 7:08pm Nov 17, 2012 6:44pm | Edited 7:08pm
hi my brother...

just wake up here .... and heavy rain here last night.

how is there ?

back to positive discussion
by looking roughly your last post, i came to this potential pattern ( sub pattern ) for future based on the ratio... but yes this is just rough analysis. there is potential major pattern also there, but skip it first..coz i realize most people will see it impossible

I add one line and gave the label for certain points, bro


***
overall am waiting how this month closing first for sure


http://www.trade-forex-harmonic-patt...fly-pic500.jpg

Quoting Ill-b-back
.
Attached Image (click to enlarge)
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not euphoria follower
  • #330,189
  • Nov 17, 2012 7:26pm Nov 17, 2012 7:26pm
Quoting iqyu5an
hi my brother...

just wake up here .... and heavy rain here last night.

how is there ?

back to positive discussion
by looking roughly your last post, i came to this potential pattern ( sub pattern ) for future based on the ratio... but yes this is just rough analysis. there is potential major pattern also there, but skip it first..coz i realize most people will see it impossible

I add one line and gave the label for certain points, bro


***
overall am waiting how this month closing first for sure


http://www.trade-forex-harmonic-patt...fly-pic500.jpg...
Hi bro
Thx mate.
Well see how she goes


Just kidding
Come with me if you want to live....
  • #330,190
  • Nov 17, 2012 7:57pm Nov 17, 2012 7:57pm
Quoting kaspopsicle
i'm only scalping short untill a clearer pattern emerges. Time consuming lol. I'm waiting on a clear break above 1.58780 M30 before i enter any position , even then cautiously... and progressively adding.
BTW. Very nice to see you BB. I always appreciate your view.
Ok..i went long scalp on retrace dwn....Loaded. I had such a bad day on other trades.then completely forgot about it
Woke up, pleasantly suprised.
Wont long until break above 1.58780 ...clear break and holding...and then only for a scalp towards the immediate, previous high on M30. See how it goes. 'm bearish here but will take any scalps available
All systems of divination, like music itself,work through patterns.
  • #330,191
  • Nov 18, 2012 3:58am Nov 18, 2012 3:58am
Quoting Ill-b-back
Personally nAV, I think it is the Bull that has been punched in the face (again)
lol...

time will tell..all this posting isnt doing any good..price will do what ever it wants
  • #330,192
  • Nov 18, 2012 4:04am Nov 18, 2012 4:04am
The Novice Trader
1.They tend to follow the crowd.
Watch what others are doing
Comfort in numbers
2.They avoid taking risk unless others are sharing the risk as well.
3.They feel that if others are buying then it is "ok" for them to buy, too.
4.They act on the advice of so called "experts", i.e. the advice of market gurus, CNBC, analysts, and their brokers.
5.As humans, they tend to complicate the trading process and ignore the important simplicity of markets.
6.They always make the same two mistakes: They buy and sell after a move in price is well underway (late and high risk) and they buy into resistance and sell into support (low probability).




The Consistently Profitable Trader
1.They lead the herd.
2.They tune out all the subjective noise that can get in the way of making proper trading decisions. They don’t care what others are doing and make decisions based on a very mechanical and unemotional set of criteria based solely on the laws and principles of supply and demand.
3.They learn to identify the proper entry that most people never see.
4.They buy after a period of selling and into support. They buy fear.
5.They sell after a period of buying and into resistance. They sell greed.
6.Successful traders:
Can identify opportunity before others.
Execute trading plans mechanically.

which one are ya
http://www.fxtechstrategy.com/your-b...trading-system
  • #330,193
  • Nov 18, 2012 4:50am Nov 18, 2012 4:50am
GBP/USD bounced off support level 1.5837, currently closed for the week at 1.5888.
  • #330,194
  • Nov 18, 2012 4:51am Nov 18, 2012 4:51am
it is well told. Can pass a lot of time while the Novice trader becomes Consistently Profitable.
at many people it doesn't turn out at all
  • #330,195
  • Edited 5:45am Nov 18, 2012 5:16am | Edited 5:45am
points for buying. Sometimes the market gives it to within 1 pip
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  • #330,196
  • Nov 18, 2012 5:16am Nov 18, 2012 5:16am
Quoting nAVIN2007
The Consistently Profitable Trader

4.They buy after a period of selling and into support. They buy fear.
5.They sell after a period of buying and into resistance. They sell greed.
can also buy high sell higher/short low cover lower - Kathy Lien , Linda Raschke , Noor Azim
  • #330,197
  • Nov 18, 2012 5:17am Nov 18, 2012 5:17am
Quoting chazzle
can also buy high sell higher/short low cover lower - Kathy Lien , Linda Raschke , Noor Azim
ofcourse
  • #330,198
  • Nov 18, 2012 5:36am Nov 18, 2012 5:36am
if Cable grows above 1,5900 next week, most probable target will be 1,5975
  • #330,199
  • Nov 18, 2012 5:42am Nov 18, 2012 5:42am
Quoting nAVIN2007
ofcourse
if you did a test which only bought in overbought and sold in oversold conditions - you might be surprised at the result
  • #330,200
  • Nov 18, 2012 5:49am Nov 18, 2012 5:49am
Quoting nAVIN2007
time will tell..all this posting isnt doing any good..price will do what ever it wants
That's the truth
The wife lost it all weekend.
I lose control sometimes, mainly when I see something completely different to what nearly everyone else seems to be looking at and I have no idea why.

Anyway, if the bullish signal comes in, I will certainly take it I can promise you that.
Come with me if you want to live....
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