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Cable Update (GBPUSD)

  • #352,901
  • Nov 12, 2013 2:24pm Nov 12, 2013 2:24pm
Quoting PipTrapper
{quote} Navin vouches for everybody {image}
bit like u as well

we too kind
  • #352,902
  • Nov 12, 2013 2:27pm Nov 12, 2013 2:27pm
Quoting nAVIN2007
{quote} bit like u as well we too kind
Yep. Takes one to know one
Those who say it cannot be done should not interrupt those who are doing it
  • #352,903
  • Nov 12, 2013 2:28pm Nov 12, 2013 2:28pm
Quoting Baggi
So far my buy purchase isn't working out for me. If we keep heading down, I may have to try and Martingale this thing.

they are not the same..the bigger the time frame, the more the data

I need a lot of data to be accurate..A scalper uses less data ..do not fool yourself in thinking anything different
  • #352,904
  • Nov 12, 2013 2:28pm Nov 12, 2013 2:28pm
Quoting PipTrapper
{quote} Yep. Takes one to know one

  • #352,905
  • Nov 12, 2013 2:31pm Nov 12, 2013 2:31pm
Quoting Baggi
So far my buy purchase isn't working out for me. If we keep heading down, I may have to try and Martingale this thing.

just make sure cable does not Martingale u
  • #352,906
  • Nov 12, 2013 2:38pm Nov 12, 2013 2:38pm
Quoting nAVIN2007
{quote} just make sure cable does not Martingale u
That would be sad.
Very true Baggi, cable is now trying to form a triangle and that would more than likely be bearish.
From here there is some potential upside, but not much.

G/U M15
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 81 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #352,907
  • Nov 12, 2013 2:43pm Nov 12, 2013 2:43pm
I'll let you all know if I'm the Martingale or if Forex is.

I wouldn't place your bets on me though.
  • #352,908
  • Nov 12, 2013 2:44pm Nov 12, 2013 2:44pm
Nevermind, not worth it at this point. I'm back to even money at 1.5912.

I was going to double my lot at 1.5892 but got busy at work.
  • #352,909
  • Nov 12, 2013 2:46pm Nov 12, 2013 2:46pm
Quoting PipTrapper
{quote} Mr. TT A dripping tap fills many buckets {image}
hey mate, the buckets are leaking.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #352,910
  • Nov 12, 2013 2:46pm Nov 12, 2013 2:46pm
Quoting Baggi
Nevermind, not worth it at this point. I'm back to even money at 1.5912. I was going to double my lot at 1.5892 but got busy at work.
Smart decision to get out IMO.
Now you can save your gun powder for when it will really count.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,911
  • Nov 12, 2013 2:47pm Nov 12, 2013 2:47pm
Quoting ffleo
{quote} hey mate, the buckets are leaking.
Those are the stop losses taking half your profits
Those who say it cannot be done should not interrupt those who are doing it
  • #352,912
  • Nov 12, 2013 2:48pm Nov 12, 2013 2:48pm
Quoting PipTrapper
{quote} Those are the stop losses taking half your profits
why we thought of the same thing?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #352,913
  • Nov 12, 2013 4:07pm Nov 12, 2013 4:07pm
Quoting nAVIN2007
{quote} i just picked 2 extremes..lets say 5 minute and monthly or daily..are they the same or not?
The are different time frames of course.

But they are just a representation of time , hence 1hr, 5 min or whatever. What is important is where price was perceived as to cheap or to expensive.

you can tell this buy the amount of orders that are triggered in certain areas, when price visits again there is usually a reaction. Unless all the orders are consumed and price marches on.

It does not matter the time frame or instrument, it all works the same!
I need to finish something i started
  • #352,914
  • Nov 12, 2013 4:11pm Nov 12, 2013 4:11pm
Still bearish but does not seem to be as much conviction to this move down as I thought there would. Volumes behind the big moves of the day are definitely getting weaker on the way down.

Have to say I missed the whole move on the cable today sleeping in! don't you hate that.
  • #352,915
  • Nov 12, 2013 4:16pm Nov 12, 2013 4:16pm
Quoting Articulate
Don't get interested in GBPUSD if price has not moved by at least 500 pips.
Sorry Articulate; still this is a subjective statement.
Don't have an ego. Always question yourself and your ability.
  • #352,916
  • Nov 12, 2013 5:15pm Nov 12, 2013 5:15pm
Quoting RamsesII
{quote} Sorry Articulate; still this is a subjective statement.
i like your post
wanna your view of eu
  • #352,917
  • Nov 12, 2013 5:38pm Nov 12, 2013 5:38pm
Quoting julia2011
{quote} i like your post wanna your view of eu
i'm short to 1.31x
Don't have an ego. Always question yourself and your ability.
  • #352,918
  • Nov 12, 2013 5:46pm Nov 12, 2013 5:46pm
Quoting RamsesII
{quote} i'm short to 1.31x
me too
but you see any retrace more than 3455
  • #352,919
  • Nov 12, 2013 5:48pm Nov 12, 2013 5:48pm
Quoting julia2011
{quote} me too but you see any retrace more than 3455
maybe, the short-term count is still unclear
Don't have an ego. Always question yourself and your ability.
  • #352,920
  • Nov 12, 2013 5:59pm Nov 12, 2013 5:59pm
Quoting Articulate
{quote} @RamsesII Here are a few of things my charts tell a smart trader: 1. The cable traded between 1.4800 and 1.5800 for 6 solid months before breaking out in the 7th month 2. The cable has been trading between 1.6300 and 1.58000 in the last 2 months 3. We are seeing the 2nd bearish candle after 7 months of bullish consolidation to from 1.4800-1.6300 4. The bigger picture is bearish until the monthly candle says otherwise 5. The weekly candles tell us that the "big players" are consolidating between 1.6300 -1.5800 6. If 1.5800 is breached by...
utter bollocks. I mean factually it's all there but...
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