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Cable Update (GBPUSD)

  • #335,781
  • Feb 14, 2013 10:10pm Feb 14, 2013 10:10pm
Quoting albchr
Forget it bro. He first came in here laughing at me and my diving board. Even so I tried to help. But with the 248 pips I pulled off GU last week, and the 115 banked and 90ish running (as of now) this week, I'm very glad he's "feeding off the fear" of us poor dumb trend traders. Hey, we gotta get it from somewhere.

Funny thing is, I'm not really even a strict trend trader. I play both sides on the range bounces but with a momentum like we have here? Well...why fight the diving board...LOL

See ya at 5300 buddy.
I didn't laugh at you and at anyone here. I just wanted that the atmosphere at a forum was a little more cheerful
it is a pity that I wasn't understood correctly
  • #335,782
  • Feb 14, 2013 10:16pm Feb 14, 2013 10:16pm
Quoting 100PipsADay
Nice!

Hey I saw your post on Gold. Mind sharing your short, mid, and long-term projections for Gold?
I'll be honest bro, Just learning them. XTrade got me interested in gold and silver back around august so I started a demo account. I just posted in his thread yesterday here... http://www.forexfactory.com/showthre...42#post6446742

I really like trading them and not doing too bad although I haven't been able to focus too much with everything going on at home so I dont take too many trades. I posted my results so far in my thread here... http://www.forexfactory.com/showthre...53#post6446753

I have one gold short running now and I'm thinking to target 1616.44ish at some point next week. Might even happen today? Now you know me, I don't predict things especially long term but from what I'm seeing, if 1616 does get hit and breaks, I can see 1580ish and if it breaks, then 1522ish in the coming months. Else I'll be looking for a turn at either 1616 or 1580 with a possible bounce back to the 1670 area.

But I "think" gold and silver are much more effected by fundies and I'm the first to admit I'm rather weak there. So for now I'm trading them much the same as currencies as it's all I know.
Ghost Rider - WWTBMD?
  • #335,783
  • Feb 14, 2013 10:24pm Feb 14, 2013 10:24pm
Quoting PskovFX
I didn't laugh at you and at anyone here. I just wanted that the atmosphere at a forum was a little more cheerful
it is a pity that I wasn't understood correctly
Well then you have my apologies sir. Sure did seem like it but then, language barriers can lead to misunderstandings in an international forum. But I'm all about cheerful and having fun so perhaps you didn't see that in here.

Hell, BB and I went a bit crazy the other day and my sides were hurting I was laughing so hard....

So no hard feelings buddy ok?
Ghost Rider - WWTBMD?
  • #335,784
  • Feb 14, 2013 10:32pm Feb 14, 2013 10:32pm
Quoting albchr
I'll be honest bro, Just learning them. XTrade got me interested in gold and silver back around august so I started a demo account. I just posted in his thread yesterday here... http://www.forexfactory.com/showthre...42#post6446742

I really like trading them and not doing too bad although I haven't been able to focus too much with everything going on at home so I dont take too many trades. I posted my results so far in my thread here... http://www.forexfactory.com/showthre...53#post6446753

I have...
Thanks bro, I'll have a look.
  • #335,785
  • Feb 14, 2013 10:33pm Feb 14, 2013 10:33pm
Quoting albchr
Well then you have my apologies sir. Sure did seem like it but then, language barriers can lead to misunderstandings in an international forum. But I'm all about cheerful and having fun so perhaps you didn't see that in here.

Hell, BB and I went a bit crazy the other day and my sides were hurting I was laughing so hard....

So no hard feelings buddy ok?
accepted
no hard feelings everything is good
  • #335,786
  • Feb 14, 2013 10:37pm Feb 14, 2013 10:37pm
From the looks of things... Friday today and premarket move up...
i expect GBPUSD to reach 1.5570 in the near term as the 78.2% fibo level at 1.5510 held.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,787
  • Feb 14, 2013 10:43pm Feb 14, 2013 10:43pm
Quoting fxtyrant
From the looks of things... Friday today and premarket move up...
i expect GBPUSD to reach 1.5570 in the near term as the 78.2% fibo level at 1.5510 held.
FxTyrant,

I think that is a very good target for the short-term. That falls right in line with the 20 EMA on the H4 at 1.5567
  • #335,788
  • Feb 14, 2013 10:47pm Feb 14, 2013 10:47pm
Quoting fxtyrant
From the looks of things... Friday today and premarket move up...
i expect GBPUSD to reach 1.5570 in the near term as the 78.2% fibo level at 1.5510 held.
resis at 22-28 wating it for to go into 30's
Sometimes it's better to be wrong,to learn..
  • #335,789
  • Feb 14, 2013 10:48pm Feb 14, 2013 10:48pm
Quoting 100PipsADay
FxTyrant,

I think that is a very good target for the short-term. That falls right in line with the 20 EMA on the H4 at 1.5567
might've shot my mouth far too early... looks like now it wants to retest bottom.... i hope we dont but Daily pivot's got to keep this shit supported...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,790
  • Feb 14, 2013 10:52pm Feb 14, 2013 10:52pm
Quoting fxtyrant
might've shot my mouth far too early... looks like now it wants to retest bottom.... i hope we dont but Daily pivot's got to keep this shit supported...
LOL Yea I just noticed that right after I posted
  • #335,791
  • Feb 14, 2013 10:53pm Feb 14, 2013 10:53pm
Quoting 100PipsADay
LOL Yea I just noticed that right after I posted
and yet... we're back above again...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,792
  • Feb 14, 2013 10:55pm Feb 14, 2013 10:55pm
Quoting KiNgEdwarD
resis at 22-28 wating it for to go into 30's

yeah thats my tp from 2 days ago.
  • #335,793
  • Feb 14, 2013 11:23pm Feb 14, 2013 11:23pm
Quoting PskovFX
accepted
no hard feelings everything is good
of course!
what i'm worried about is what could happen to someone less experienced, coming to a thread to learn and understand how to trade markets and find 3500 posts by people buying downtrends and selling uptrends....

as you surely know, trading like that requires to be at an extremely advanced level of experience! and also requires to have particular own personal character more inclined in to trade with fast TF.
few experienced trader could try to buy GU now near 1.55 with let's say a stop loss below 1.5300: this is actually extremely risky because market can keep falling, causing him/her stress and total confusion so ending with a close in loss. ...just to see price then recovering, so he/she will buy again just to see price reversing down again! this happens mostly when a less experienced trader try to trade with a fast TF without taking in account the main picture in daily-weekly-monthly, fundamentals etc...

this is way is always better publish a trade, with a clear stop loss and TP reasoning. nobody wants to know your system, or steal you anything, is just because knowing the kind of trade you are looking for
90% of traders use TA, indicators and prediction
  • #335,794
  • Feb 14, 2013 11:24pm Feb 14, 2013 11:24pm
Quoting 100PipsADay
FxTyrant,

I think that is a very good target for the short-term. That falls right in line with the 20 EMA on the H4 at 1.5567
5543 is the 55ema on 1H, I expect maybe a bounce there and will start looking for more shorts between there and 5580ish perhaps.

Assuming it breaks 5530ish again of course.
Ghost Rider - WWTBMD?
  • #335,795
  • Feb 14, 2013 11:25pm Feb 14, 2013 11:25pm
Quoting _BBKing_
of course!
what i'm worried about is what could happen to someone less experienced, coming to a thread to learn and understand how to trade markets and find 3500 posts by people buying downtrends and selling uptrends....

as you surely know, trading like that requires to be at an extremely advanced level of experience! and also requires to have particular own personal character more inclined in to trade with fast TF.
few experienced trader could try to buy GU now near 1.55 with let's say a stop loss below 1.5300: this is actually extremely...

..
Ghost Rider - WWTBMD?
  • #335,796
  • Feb 14, 2013 11:28pm Feb 14, 2013 11:28pm
Quoting albchr
5543 is the 55ema on 1H, I expect maybe a bounce there and will start looking for more shorts between there and 5580ish perhaps.

Assuming it breaks 5530ish again of course.
Looks like your new shorts could be coming up soon!
  • #335,797
  • Feb 14, 2013 11:30pm Feb 14, 2013 11:30pm
Quoting 100PipsADay
Looks like your new shorts could be coming up soon!
....
Ghost Rider - WWTBMD?
  • #335,798
  • Feb 14, 2013 11:32pm Feb 14, 2013 11:32pm
Quoting albchr
....
Are you day dreaming about your potential shorts on Cable or these girls...? LOL

http://1.bp.blogspot.com/_Tl_knyLa67...ch+Girls+1.jpg
  • #335,799
  • Feb 14, 2013 11:36pm Feb 14, 2013 11:36pm
UNICREDIT: BRITISH POUND TO SLIDE AGAINST DOLLAR THROUGHOUT 2013, LIKELY TO HIT $1.570 IN ONE MTH, $1.550 IN THREE MTHS, $1.540 IN SIX MTHS AND $1.500 IN TWELVE MTHS
CREDIT SUISSE MAINTAINS GBP/USD FORECASTS AT 1.580, 1.600, 1.590, 1.570 FOR ONE MTH, THREE MTHS, SIX MTHS AND TWELVE MTHS RESPECTIVELY
SWEDBANK EXPECTS STERLING TO TRADE AT 1.580 IN ONE MTH, 1.520 IN THREE MTHS, 1.530 IN SIX MTHS AND 1.540 IN TWELVE MTHS
RBI SETS ONE MTH STERLING FORECAST AT $1.590, THREE MTHS AT $1.580, SIX MTHS AT $1.640 AND TWELVE MTHS AT $1.690

Not sure whom to believe
  • #335,800
  • Feb 14, 2013 11:37pm Feb 14, 2013 11:37pm
Quoting PskovFX
there are some styles of trade. one of them trend style as yours. My style is not a trend style. This week I could observe GU only on Wednesday (for technical reasons) and only 1 time was stopped out with zero profit when there were news. If I leave the market by stop order that or with zero profit or at a loss no more than 30 pips
I sell greed and I buy fear of those people who trades in trend style
my «food» too poor for your account, probably other guys are feeding you
I put a long in as well last night at 5489 the potental RR looked good to me , just play your own game ,,,, its your money
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