gold goes down its not god for eu... hm?
Cable Update (GBPUSD)
- #330,323
- Nov 20, 2012 12:39pm Nov 20, 2012 12:39pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
what i see is that market moves in different ways:
some days moves respecting certain rules, while some other times it moves respecting other rules!! For example look how price respects trendlines or supply/demand levels... it's not always the same thing.
what really counts, is our percecption of what is happening around. price shows if is going up/down/reverse/breake/etc... but if our eyes are open we see, if not... we thinkthen of course... mistakes happens, that's why we use MM + Stop loss.
We are literally being taken over.
Robots having a tough time of it with Cable today...
Still higher high and lows though...
Come with me if you want to live....
- #330,324
- Nov 20, 2012 1:04pm Nov 20, 2012 1:04pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #330,325
- Nov 20, 2012 1:11pm Nov 20, 2012 1:11pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Just having some fun with shapes, nothing serious..
Come with me if you want to live....
- #330,326
- Nov 20, 2012 2:03pm Nov 20, 2012 2:03pm
definetly market is driven by algos and robots.
no other possible way to explain a down move till 12:59:59 and then an upmove starting exactly 13:00:01 and never look back.
Personally, I'm convinced the market (in particular this one) is driven by madmen, who think they're Napoleon, driving the market on to glorious victory (i.e. my inglorious defeat) in either direction (toss a coin), or just looking at the options, and going 'meh'.
Or maybe that's just me getting stopped out one too many times...
- #330,327
- Nov 20, 2012 2:11pm Nov 20, 2012 2:11pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
my view is maybe a little bit more currently over 1.5914 but nothing solid there 1.5955 is the one to break for bulls close over could send up to numbers talked about ,end of tomorrow would give def ans I suspect
i agree..normal BOE release hold rates..and the sum bitch goes up..which i kinda what im thinking..1.6 possible if the area u are talking abt fails..which if it can get there i im likely to get out
- #330,328
- Nov 20, 2012 2:46pm Nov 20, 2012 2:46pm
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
i agree..normal BOE release hold rates..and the sum bitch goes up..which i kinda what im thinking..1.6 possible if the area u are talking abt fails..which if it can get there i im likely to get out
Just my thoughts. Hope that helps. Good luck guys.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
- #330,329
- Nov 20, 2012 2:56pm Nov 20, 2012 2:56pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hey N. We might see some cable pullback down to ~1,5887 area. But I am in a bulls camp for a while. Main move of the week - up and we have a quite nice TL that is more likely to be broken UP. I have put my SL to b/e just in case as I don't like the range that the price has traveled today. 56% might indicate that the pair is still making its decision of where to go.
Just my thoughts. Hope that helps. Good luck guys.
thanks man..lets be lucky
- #330,330
- Nov 20, 2012 3:31pm Nov 20, 2012 3:31pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
This ones for you brother, talk about predictive trading
Just having some fun with shapes, nothing serious..
Confluence is Friday next week
Come with me if you want to live....
- #330,331
- Nov 20, 2012 3:46pm Nov 20, 2012 3:46pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
She'd have to work damn hard these next 2 weeks but the Pound might be "up" for it.
Confluence is Friday next week
- #330,332
- Nov 20, 2012 3:54pm Nov 20, 2012 3:54pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
i think u guys see to many damn butterflys
But I honestly feel she could be up for it.
I also believe cable is driven by madmen with lots of money.
It would be a monstrous shake out of bears and trap alot of bulls also.
A perfect storm.
Just waiting for news that the US have forged a fiscal deal in the senate, then wait for the bull trap
Forex is an extreme sport bro
Got to get back to work dude, I never dispute a trading idea of your again
Come with me if you want to live....
- #330,333
- Nov 20, 2012 3:59pm Nov 20, 2012 3:59pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #330,334
- Nov 20, 2012 4:00pm Nov 20, 2012 4:00pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
mate... not butterfly but potential for bearish shark ( 0.886 - 1.13 )
http://www.trade-forex-harmonic-patt...hark-bu-be.gif
http://www.trade-forex-harmonic-patt...hark-bu-be.gif
i think u guys see to many damn butterflys
not euphoria follower
- #330,335
- Nov 20, 2012 4:00pm Nov 20, 2012 4:00pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I read that the average stockmarket trade is now held for 22 seconds, with 75% of all stock market trades nowow conducted by robots.
We are literally being taken over.
Robots having a tough time of it with Cable today...
Still higher high and lows though...
90% of traders use TA, indicators and prediction
- #330,336
- Nov 20, 2012 4:06pm Nov 20, 2012 4:06pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Then again...
Personally, I'm convinced the market (in particular this one) is driven by madmen, who think they're Napoleon, driving the market on to glorious victory (i.e. my inglorious defeat) in either direction (toss a coin), or just looking at the options, and going 'meh'.
Or maybe that's just me getting stopped out one too many times...
definetly what moves is huge flows of money but this is not certainly moved by human clicks on a mouse somewhere. this is true for retail trading and some hedge funds maybe.
but the main part of market is algos deciding positions and allocating money here or there, according to human rules which are given through a kind of interface.
90% of traders use TA, indicators and prediction
- #330,337
- Nov 20, 2012 4:07pm Nov 20, 2012 4:07pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Or smoking too much hooch...
But I honestly feel she could be up for it.
I also believe cable is driven by madmen with lots of money.
It would be a monstrous shake out of bears and trap alot of bulls also.
A perfect storm.
Just waiting for news that the US have forged a fiscal deal in the senate, then wait for the bull trap
Forex is an extreme sport bro
Got to get back to work dude, I never dispute a trading idea of your again
- #330,338
- Nov 20, 2012 4:11pm Nov 20, 2012 4:11pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #330,339
- Nov 20, 2012 4:11pm Nov 20, 2012 4:11pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
22 secodns? WOW!!
understandable..i guess computers buy and sell mechanically..reminds me of terminator
when big money is involved emotions can finish u..
- #330,340
- Nov 20, 2012 4:13pm Nov 20, 2012 4:13pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
uhm... if market was driven by human (let's say some of them) would not be this insanity.
definetly what moves is huge flows of money but this is not certainly moved by human clicks on a mouse somewhere. this is true for retail trading and some hedge funds maybe.
but the main part of market is algos deciding positions and allocating money here or there, according to human rules which are given through a kind of interface.
Get that algo formula and we be very rich indeed...
Come with me if you want to live....