Cable Update (GBPUSD)
- #348,602
- Oct 9, 2013 11:08pm Oct 9, 2013 11:08pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #348,604
- Oct 9, 2013 11:13pm Oct 9, 2013 11:13pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #348,605
- Oct 9, 2013 11:14pm Oct 9, 2013 11:14pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #348,609
- Oct 9, 2013 11:41pm Oct 9, 2013 11:41pm
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
The 2 x daily/weekly ascending trend lines from 4811 may prove important...right on one at the current daily lo. Depending on today's daily close we could see a fractal LH and whenever it forms there will be a fractal L now below the last HL of the opa uptrend on this t/f. Bears gaining strength or just clearing out the weak hands before another leg up ? G/L {image}
I share FractalDetector indie. These Customizable Fractal can setting Multi Fractals and change Time Frime as you like
Hopefully can provide more completely your analysis to Us
Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
- #348,610
- Oct 10, 2013 12:01am Oct 10, 2013 12:01am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #348,611
- Oct 10, 2013 12:04am Oct 10, 2013 12:04am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} I never said you are not experienced and it don't want to get in argument if the price entered is good or not, as long as my RR is sensible (to me) and trade is entered through proper system I'm comfortable
One of the worst handicap in traders who generally fail is the need to be right.The ego takes over despite of charts telling otherwise.
Longs are dead.Weekly 200EMA is above price meaning its all downhill now.
Why is this important? Market makers who have resources to push the price watch this extremely important MA.Its a barometer of trend.,floating S/R.
The 200 day moving average may be the granddaddy of moving averages. Simply put, a financial instrument that is trading above it is healthy; below it, anemic. The 200 day moving average measures the sentiment of the market on a longer term basis. This is where major players like pension plans and hedge funds need to look in order to move a large amount of instruments.
Sorry if I sounded preachy.It is not my intention.
Regards
In trading, you have to be defensive and aggressive at the same time
- #348,612
- Oct 10, 2013 12:50am Oct 10, 2013 12:50am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
New low GU
Bored with GBP/USD & moreover EUR/USD
Waste time wait too long....... I think, another Pairs much better
G/L
Always looking the GREAT, never left GOOD Point...
- #348,614
- Oct 10, 2013 1:25am Oct 10, 2013 1:25am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
GU 1H LT TL in play Good morning, enjoy your day {image}
What is yours?
- #348,616
- Oct 10, 2013 1:31am Oct 10, 2013 1:31am
- Joined May 2012 | Status: Senior Member | 3,051 Posts
{quote} One of the worst handicap in traders who generally fail is the need to be right.The ego takes over despite of charts telling otherwise. Longs are dead.Weekly 200EMA is above price meaning its all downhill now. Why is this important? Market makers who have resources to push the price watch this extremely important MA.Its a barometer of trend.,floating S/R. The 200 day moving average may be the granddaddy of moving averages. Simply put, a financial instrument that is trading above it is healthy; below it, anemic. The 200 day moving average...
your analysis and chart is showing a down movement and my chart is showing a continuation of the up movement, i prefer to beleive in my chart
by the way, once a trade is taken, you have to accept the chances of it hitting your S/L, i have no problem with losing the trade.
- #348,618
- Oct 10, 2013 1:49am Oct 10, 2013 1:49am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} well as i always say, everyone has their own way in understanding the market! you referting in your post to what big players usually look for, my question is, if it is that fairly simple and easy then why everyone using the startegy you mentioned arent a millioner! your analysis and chart is showing a down movement and my chart is showing a continuation of the up movement, i prefer to beleive in my chart
This is where the game changes as many run away from there fears and therefore dont develop, hence why many lose long term because they dont grow and the market always evolves.
- #348,620
- Oct 10, 2013 1:53am Oct 10, 2013 1:53am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} i think it is actually this simple. The problem is we as adults or some of the younger folks in here have developed emotional issues which always interfere with the trading plan..trading plan is only a fractional part of the game..95% is about u..and yur emotional state of mind. This is where the game changes as many run away from there fears and therefore dont develop, hence why many lose long term because they dont grow and the market always evolves.
