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Cable Update (GBPUSD)

  • #355,821
  • Dec 10, 2013 4:53am Dec 10, 2013 4:53am
The whole short term story..

Recent lower PA was caused by more longs entering. BUT - 1.6480 and 1.6500 remains intact as possible levels to visit. 1.6390 remains the only area of substance to go challenge to the downside, whilst the 1.6480 and 1.6500 stops remain.

Holding long.

Regards
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  • #355,822
  • Dec 10, 2013 4:58am Dec 10, 2013 4:58am
its xmas, GU may just stay above 1.6400 for the rest of the month, but will definitely fall at some point, when we least expect, when we all would have forgotten about shorting it, usually does in small strides, for instance drop from 1.6458 to 1.6434, and then another 20 or 10 pips, and cos they are small moves we ignore it, but eventually it ends up below 1.6400..................... trading @ dis period could be frustrating.
  • #355,823
  • Dec 10, 2013 5:08am Dec 10, 2013 5:08am
wow, who just saw that move in gold/, from 1250 to 1263 in under 5secs, thats got a be a record
  • #355,824
  • Dec 10, 2013 5:16am Dec 10, 2013 5:16am
Quoting mamalujo
wow, who just saw that move in gold/, from 1250 to 1263 in under 5secs, thats got a be a record
We have a new HL and from now it is sure we will have a newer HH on daily... waiting for validation...
Anything is math!
  • #355,825
  • Dec 10, 2013 5:20am Dec 10, 2013 5:20am
Quoting petetong
With respect to you sir, if you have had a sell zone since 6085 and the price high is above 6455 then your sell zone analysis is clearly wrong unless operating on a weekly/monthly trigger ??...where does your sell zone analysis end or does it - because a 400 pip sell zone for the type of trading / time frames that I have seen you discuss / operate here over the years is just wrong isn't it ??...clearly there have been minor pullbacks in that zone but PA as you rightly said has recovered strongly. Please don't be offended - I mean this as a legitimate...
Sir,

I posted my heart out..

Any response?
  • #355,826
  • Dec 10, 2013 5:31am Dec 10, 2013 5:31am
Quoting TauTrader
{quote} Sir, I posted my heart out.. Any response?
I would be happy if i had this for every day and i could really interpret this. And i would know how many percent these noumbers of whole market!
Anything is math!
  • #355,827
  • Dec 10, 2013 5:39am Dec 10, 2013 5:39am
Quoting TauTrader
{quote} Sir, I posted my heart out.. Any response?
Feeling lonely
  • #355,828
  • Dec 10, 2013 5:42am Dec 10, 2013 5:42am
Quoting Kajos2250
{quote} Yes, please! GU long term CEW possibility... {image}
Please use OHLC or candle charts. Basic line charts aren't conducive for EW analysis. Incidently can you also give me the high-low swings (to the pip) for your impulse waves (i , ii , iii , iv and v)

Reference point:
July 13 Low 1.4812
  • #355,829
  • Dec 10, 2013 5:42am Dec 10, 2013 5:42am
Quoting Kajos2250
{quote} I would be happy if i had this for every day and i could really interpret this. And i would know how many percent these noumbers of whole market!
Sir, K

I do acknowledge that I only look at a small portion. Many people discount this as useless info. I understand that if your mind is set in stone. But there is such a thing as "herd" mentality. Chances are that the remainder of the retail market thinks along similar lines. It is human nature.

It becomes more relevant.

It remains good insight until proven incorrect.

Trade well!
  • #355,830
  • Dec 10, 2013 5:43am Dec 10, 2013 5:43am
Quoting TauTrader
{quote} Sir, I posted my heart out.. Any response?

he is a troll

i love the way he insults and then says best wishes
  • #355,831
  • Dec 10, 2013 5:52am Dec 10, 2013 5:52am
Quoting nAVIN2007
{quote} he is a troll i love the way he insults and then says best wishes
Oh OK..

Closed some longs earlier. Adding again - dip buying to 1.6500.

I guess my skin is getting thicker..

If that is the case, I'm now a true FF member.

Yeehaah
  • #355,832
  • Dec 10, 2013 6:02am Dec 10, 2013 6:02am
Quoting nAVIN2007
{quote} he is a troll i love the way he insults and then says best wishes
hi guys get ready ithink it is about to go ?????????????
  • #355,833
  • Dec 10, 2013 6:03am Dec 10, 2013 6:03am
Nav, I'm not a trolI am a short term trader and posting on this thread is a low priority for me - earning money is first lol ! I post here in quiet market times when I have no signals / if I can be bothered.

Best Wishes to you regardless of your silliness.

Quoting nAVIN2007
{quote} he is a troll i love the way he insults and then says best wishes
it's all gone a bit........
  • #355,834
  • Dec 10, 2013 6:08am Dec 10, 2013 6:08am
Thanks for your reply.

There is nothing useful I can add - your methods/systems/strategies are your own, but I would disagree that the whole market is short biased - it can't be because price would have gone down...retailers sure - they seem to be and as it is widely accepted that they are a contrary indicator and this seems certainly to be the case judging by the small sample of such provided by this site's trade explorer. Thanks for clearing up that when you post the buy and sell zones you are referring to analysis applicable to weekly/monthly - ie longer term...as most here I suspect are a lot shorter term than that so a 400pip sell zone is useless to them.

Best Wishes.


Quoting TauTrader
{quote} Sir, I posted my heart out.. Any response?
it's all gone a bit........
  • #355,835
  • Dec 10, 2013 6:15am Dec 10, 2013 6:15am
Quoting Eulogy
{quote} Please use OHLC or candle charts. Basic line charts aren't conducive for EW analysis. Incidently can you also give me the high-low swings (to the pip) for your impulse waves (i , ii , iii , iv and v) Reference point: July 13 Low 1.4812
LOL

Are you kidding??? Your is the same!
Don't you want me to sub divide to M30? LOL or trade for you?

please:

i length ~ 377
ii length ~ 168
iii length ~ 363
iv length ~ 129
v length ~ 163

Belive me the iii is shorter than i because the 4812 was a wash and rinse...
something else????
Anything is math!
  • #355,836
  • Dec 10, 2013 6:17am Dec 10, 2013 6:17am
and

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  • #355,837
  • Dec 10, 2013 6:18am Dec 10, 2013 6:18am
And Nav, as you've offended me let me tell you what a lot of others here think, [well the smart ones any way] about the way you trade - it's ridiculous ...I have lurked here for years and like your present short positions I have seen you hold on to losing trades for months (16months on one occasion) - which is fine as you are a long term trader....but what you don't get is:

a. what has saved the majority of your trades over the last 5 years is the huge stops you apply and the continuation of the monthly ranging conditions / triangle - that has now broken north....you may still be lucky again and tapering reaction if it occurs may save you again re these shorts you have been carrying for ages.

b. utilising/tie-ing up trading capital for that length of time is silly - versus the opportunity cost of what else you could with it.

You are not a trader - you are just playing at it and I am sorry if I don't tell you what you want to here like a lot of your recently silent short biased ' buddies ' here - but that's the truth of it.

And yes, sincerely, best wishes.
it's all gone a bit........
  • #355,838
  • Dec 10, 2013 6:19am Dec 10, 2013 6:19am
Quoting petetong
Thanks for your reply. There is nothing useful I can add - your methods/systems/strategies are your own, but I would disagree that the whole market is short biased - it can't be because price would have gone down...retailers sure - they seem to be and as it is widely accepted that they are a contrary indicator and this seems certainly to be the case judging by the small sample of such provided by this site's trade explorer. Thanks for clearing up that when you post the buy and sell zones you are referring to analysis applicable to weekly/monthly...
Sir,

Thank you for the reply.

Fortunately, I stopped playing for the pavilion a long time ago. I share my thoughts only. This is not a trading system I promote or have a thread for, and I am certainly no commercial member. But I do believe some find my posts useful enough.

If not - it's OK too..

I wish you all the best
  • #355,839
  • Dec 10, 2013 6:23am Dec 10, 2013 6:23am
Quoting petetong
And Nav, as you've offended me let me tell you what a lot of others here think, [well the smart ones any way] about the way you trade - it's ridiculous ...I have lurked here for years and like your present short positions I have seen you hold on to losing trades for months (16months on one occasion) - which is fine as you are a long term trader....but what you don't get is: a. what has saved the majority of your trades over the last 5 years is the huge stops you apply and the continuation of the monthly ranging conditions / triangle - that has now...
  • #355,840
  • Dec 10, 2013 6:24am Dec 10, 2013 6:24am
Quoting Kajos2250
{quote} LOL Are you kidding??? Your is the same! Don't you want me to sub divide to M30? LOL or trade for you? please: i length ~ 377 ii length ~ 168 iii length ~ 363 iv length ~ 129 v length ~ 163 something else????
No, i was simply asking you high/lows on the daily chart not your wave lengths which incidently are also wrong.

using your counts i'm seeing

i: 1.4812 - 1.5433 621 pips
ii: 1.5433 - 1.5102 331 pips
iii: 1.5102 - 1.5717 615 pips
iv: 1.5717 - 1.5428 289 pips
v: 1.5428 - 1.6162 734 pips

Please reconfirm...
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