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Cable Update (GBPUSD)

  • #359,301
  • Jan 19, 2014 11:36am Jan 19, 2014 11:36am
Quoting Davit
{quote} Yes I agree with you Price never goes straight up or down but one can't deny that up momentum has fizzled and last spike was temporary news driven. To me AB=CD pattern has not been completed.Its still valid {image}
Great, my target on this is 1.6235.Maybe this one is more correct drawing
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  • #359,302
  • Jan 19, 2014 11:36am Jan 19, 2014 11:36am
Quoting JimmyC
{quote} I think 45 sir,we should begin learning to speak Chinese, we may need it soon.
The kids back home are already at it.

http://www.ioe.ac.uk/91109.html
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #359,303
  • Jan 19, 2014 11:36am Jan 19, 2014 11:36am
Quoting Griffo
{quote} I'm an open book, me! I'm not going to pretend i have a killer strategy or pattern - i don't use any indicators usually, but have been finding use for Fib Retracements and multiple moving averages just lately. I mainly just trade with support and resistance and with the bigger picture (trend). I'm still new to this though and find i'm often either too early or too late - but i'm working on that I hope for lots of profit for the both of us my good man!

Goal is "our we going to be around after 3- 5yrs?"
There are hundreds of systems posted on system threads where the authors are no longer posting and simply not around.
They are 95% statistic.
Edge is not just a system but who you are and how you think.
Google
Psycho-Cybernetics
download,buy the book and read it.Some of the top athletes including fund managers practice the techniques in the book.What we think of ourselves has direct relationship how we perceive the markets.
In trading, you have to be defensive and aggressive at the same time
  • #359,304
  • Jan 19, 2014 12:22pm Jan 19, 2014 12:22pm
Quoting 45Condor
{quote} The kids back home are already at it. http://www.ioe.ac.uk/91109.html
I suspect this is wise. We have many Chinese people conducting business across our dark continent already they are not waiting for policy or trade agreements, they're here for our resources and harvesting at break-neck speeds. Very interesting
  • #359,305
  • Jan 19, 2014 1:26pm Jan 19, 2014 1:26pm
Quoting Davit
{quote} Goal is "our we going to be around after 3- 5yrs?" There are hundreds of systems posted on system threads where the authors are no longer posting and simply not around. They are 95% statistic. Edge is not just a system but who you are and how you think. Google Psycho-Cybernetics download,buy the book and read it.Some of the top athletes including fund managers practice the techniques in the book.What we think of ourselves has direct relationship how we perceive the markets.
I will take a look at this - thank you for the recommendation In my post where i mention that i am glad that other, more experienced traders have the same view - you are one of the traders i am on about. I enjoy your analysis, so will read this book for sure!
  • #359,306
  • Jan 19, 2014 1:27pm Jan 19, 2014 1:27pm
There will be important China data coming up Asian session that has potential to impact G/U thru G/J, G/N and G/A.

Happy pips hunting.
  • #359,307
  • Jan 19, 2014 1:27pm Jan 19, 2014 1:27pm
Quoting 45Condor
{quote} The kids back home are already at it. http://www.ioe.ac.uk/91109.html
My father has been saying this for years that we should start learning Mandarin as the Chinese will be the next superpower.
  • #359,308
  • Jan 19, 2014 3:21pm Jan 19, 2014 3:21pm
Quoting 45Condor
It’s often the little pictures that reveal the view of the panoramic. My last Sunday in China was a good example of such. Ambling on foot around some distressed street that I did not know, could never hope to be able to pronounce, and which was not shown on the suggested walking routes imprinted upon the map that I had received from my good man at the hotel’s concierge desk, I stumbled across an old lady. She appeared to be 70 years-old, but given her apparent state of survival, could well have been only 50. Maybe less. Regardless, she was, in my...

You corss-post your assumption and imagination about China. How long have you lived in China before? How much do you know about China?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #359,309
  • Jan 19, 2014 4:10pm Jan 19, 2014 4:10pm
Quoting Ken A
There will be important China data coming up Asian session that has potential to impact G/U thru G/J, G/N and G/A. Happy pips hunting.
Thanks for the warning, Uncle Ken.
  • #359,310
  • Jan 19, 2014 5:45pm Jan 19, 2014 5:45pm
Quoting Ken A
There will be important China data coming up Asian session that has potential to impact G/U thru G/J, G/N and G/A. Happy pips hunting.
What info is that?
  • #359,311
  • Jan 19, 2014 6:04pm Jan 19, 2014 6:04pm
Quoting Baggi
{quote} What info is that?
gdp
  • #359,312
  • Jan 19, 2014 6:07pm Jan 19, 2014 6:07pm
Quoting 2012fx
{quote} gdp
This data is really going to shake things up especially the Aud/Usd
  • #359,313
  • Jan 19, 2014 7:11pm Jan 19, 2014 7:11pm
Quoting Ken A
Buying cheap seat {image}

outch - really?


there are well defined levels - putting in a limit order above and below would reduce risk......but we all trade our own book. I see topping price action and when you have a couple of indicators showing over bought........I stand clear.

Good Luck! I see u have a stop so no worries then!

Faller.
I don't trust any move - when you have profit...take it.
  • #359,314
  • Jan 19, 2014 7:22pm Jan 19, 2014 7:22pm
In what way do the Chinese numbers help or hurt the Pound?
  • #359,315
  • Jan 19, 2014 10:49pm Jan 19, 2014 10:49pm
Good Morning!!
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURUSD

http://www.forexfactory.com/showthre...93#post7223793

& CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #359,316
  • Jan 20, 2014 1:40am Jan 20, 2014 1:40am
Good day,

Short scalp again on 1hr

Regards
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  • #359,317
  • Jan 20, 2014 1:54am Jan 20, 2014 1:54am
Quoting IveGotQuads
{quote} This data is really going to shake things up especially the Aud/Usd
bahhh it was just a 1 point deviation from what was expected, hence maybe 40 pips or less move. Actually faded the news only to sleep off and trade went back to breakeven. What a way to start the week
  • #359,318
  • Jan 20, 2014 2:10am Jan 20, 2014 2:10am
GU M15

RTL ... doing the job
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  • #359,319
  • Jan 20, 2014 2:13am Jan 20, 2014 2:13am
Quoting Faller
{quote} outch - really? there are well defined levels - putting in a limit order above and below would reduce risk......but we all trade our own book. I see topping price action and when you have a couple of indicators showing over bought........I stand clear. Good Luck! I see u have a stop so no worries then! Faller.

Your best option is to ignore other traders opinions including mine.
when you see a ninja turtle run please.Why would anyone even consider id...t's warnings
In trading, you have to be defensive and aggressive at the same time
  • #359,320
  • Jan 20, 2014 2:15am Jan 20, 2014 2:15am
Quoting Davit
{quote} Your best option is to ignore other traders opinions including mine. when you see a ninja turtles run please.
Still keeping your shorts, Davit?

The ones i got too early (i was too excited after making decent profit on previous shorts and assumed it would continue to tank down - doh!) are kicking my ass at the moment, but it will all come good when this thing finally continues down as i have one higher up that should save me!
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