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Cable Update (GBPUSD)

  • #360,961
  • Jan 27, 2014 10:45pm Jan 27, 2014 10:45pm
Quoting Slim Buffett
{quote} So what it it was in a five year range? Do your trades last for 5 years? From what I,'e seen of your charts, apparently not. And you realize of course that nothing stays the same forever. Sooner or later.... when you keep shorting at the top of the range (or going long at the bottom) just because it was ther You're going to get {image}
what is your reasoning and analysis?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,962
  • Jan 27, 2014 10:49pm Jan 27, 2014 10:49pm
Quoting Slim Buffett
{quote} So what it it was in a five year range? Do your trades last for 5 years? From what I,'e seen of your charts, apparently not. And you realize of course that nothing stays the same forever. Sooner or later.... when you keep shorting at the top of the range (or going long at the bottom) just because it was ther You're going to get {image}
no reasoning and analysis? just naked claims?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,963
  • Jan 27, 2014 10:50pm Jan 27, 2014 10:50pm
Quoting Slim Buffett
{quote} So what it it was in a five year range? Do your trades last for 5 years? From what I,'e seen of your charts, apparently not. And you realize of course that nothing stays the same forever. Sooner or later.... when you keep shorting at the top of the range (or going long at the bottom) just because it was ther You're going to get {image}

True and I can take a loss before shit hits the fan.This is why my lots are small.Everyone takes a risk.Your long is as much risky as my short.
I don't trade yearly chart but market has a memory.
Chart is self explanatory
Fib is close to 200 which is extreme.Harmonic pattern complete.Top of range.
To me too many things screaming short.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.weekly.png Size: 54 KB
In trading, you have to be defensive and aggressive at the same time
  • #360,964
  • Jan 27, 2014 10:56pm Jan 27, 2014 10:56pm
Quoting Davit
{quote} Good luck with your progress.Looks good so far.
Back atcha, brother!

Just figured I'd give some credit where credit is due.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,965
  • Jan 27, 2014 11:00pm Jan 27, 2014 11:00pm
Personally, I think it's a BS move, some tight stops taken no doubt.
Good Pound data could drive to 6620 and hit some more mofos but I'd leave it to later sessions for real direction.
Come with me if you want to live....
  • #360,966
  • Jan 27, 2014 11:01pm Jan 27, 2014 11:01pm
Quoting Davit
{quote} I trade ranges.I look for it and don't like trends.To me Cable has been in a range last 5yrs and we are trading at top of this range.To me I just can't buy at this levels. I do understand why others long.Its just not in the cards for me.
I Like your Trading style..
That's pretty good
Forex as Leverage
  • #360,967
  • Jan 27, 2014 11:02pm Jan 27, 2014 11:02pm
I understand what you're saying. Patience is a virtue and all that.

You can project the top (try), etc

Here's a range even with divergence. The divergence only took 3+ years
to "get real"

Other than that, when you keep selling as price goes up maybe you'll be right
but you have to wait for so long. You could have been making pips on the way
up. ............ then sell, perhaps ?

Oh well... do ur thang
Attached Image (click to enlarge)
Click to Enlarge Name: range.png Size: 44 KB
When the Joker is in the deck.. fear not and play it well
  • #360,968
  • Jan 27, 2014 11:03pm Jan 27, 2014 11:03pm
Quoting Ill-b-back
Personally, I think it's a BS move, some tight stops taken no doubt. Good Pound data could drive to 6620 and hit some more mofos but I'd leave it to later sessions for real direction.
easy money for some funds, especially in Asian session.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,969
  • Jan 27, 2014 11:04pm Jan 27, 2014 11:04pm
Quoting Magix
{quote} Back atcha, brother! Just figured I'd give some credit where credit is due.
Cool................. the mouthpiece has bitten.
When the Joker is in the deck.. fear not and play it well
  • #360,970
  • Jan 27, 2014 11:04pm Jan 27, 2014 11:04pm
Quoting Chanlie
{quote} I Like your Trading style.. That's pretty good
you said the same twice
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,971
  • Jan 27, 2014 11:10pm Jan 27, 2014 11:10pm
Quoting ffleo
{quote} what is your reasoning and analysis?

My reasoning is exactly as I said it was

got'ta problem.... can't read ??
When the Joker is in the deck.. fear not and play it well
  • #360,972
  • Jan 27, 2014 11:12pm Jan 27, 2014 11:12pm
Quoting Magix
{quote} Just figured I'd give some credit where credit is due.

And WHERE might that be ??
When the Joker is in the deck.. fear not and play it well
  • #360,973
  • Jan 27, 2014 11:14pm Jan 27, 2014 11:14pm
For some lame mofo that just keeps selling because it's "top-o-the-range"
When the Joker is in the deck.. fear not and play it well
  • #360,974
  • Jan 27, 2014 11:15pm Jan 27, 2014 11:15pm
Quoting ffleo
{quote} you said the same twice
it repeats itself
Forex as Leverage
  • #360,975
  • Jan 27, 2014 11:15pm Jan 27, 2014 11:15pm
Quoting Magix
{quote} .

I'm learning from you how to be #1 mofo,
magico...... K?
When the Joker is in the deck.. fear not and play it well
  • #360,976
  • Jan 27, 2014 11:24pm Jan 27, 2014 11:24pm
Quoting Slim Buffett
For some lame mofo that just keeps selling because it's "top-o-the-range"

Listen simpleton if you are sure what you are doing then stop insulting others who think differently.Why you even comment is besides me.Are you aware there is 2 sides to positions right?So everyone who is a bear must be an idiot right?Fkingh get real!
Added to my collection of idiots on my ignore list
In trading, you have to be defensive and aggressive at the same time
  • #360,977
  • Jan 27, 2014 11:24pm Jan 27, 2014 11:24pm
Quoting Slim Buffett
I understand what you're saying. Patience is a virtue and all that. You can project the top (try), etc Here's a range even with divergence. The divergence only took 3+ years to "get real" Other than that, when you keep selling as price goes up maybe you'll be right but you have to wait for so long. You could have been making pips on the way up. ............ then sell, perhaps ? Oh well... do ur thang {image}
why would it take 3 years for your divergence to get real? You have both a big mouth and a wrong divergence indicator.

Attached Image (click to enlarge)
Click to Enlarge Name: GA- i7860-TDA_078.png Size: 236 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,978
  • Jan 27, 2014 11:35pm Jan 27, 2014 11:35pm
Quoting Slim Buffett
{quote} I'm learning from you how to be #1 mofo, magico...... K?
Slim its hard to see Carney raising rates and this going higher most of the things he required to raise rates have happened and now he is changing his guidelines so that he dosen't have too I think the risk is for down unless the GDP is obscenly good fundamentals win out in this case looking at the other GBP crosses I think the GBP is coming to the end of its bullish move
  • #360,979
  • Jan 27, 2014 11:38pm Jan 27, 2014 11:38pm
Quoting Davit
{quote} Listen simpleton if you are sure what you are doing then stop insulting others who think differently.Why you even comment is besides me.Are you aware there is 2 sides to positions right?
Quoting Davit
{quote}Are you aware there is 2 sides to positions right?
Exactly. Why can't YOU see that rather than ....................... well, you get it.

btw.... who have I insulted......... other than someone's very large ego????
When the Joker is in the deck.. fear not and play it well
  • #360,980
  • Jan 27, 2014 11:40pm Jan 27, 2014 11:40pm
Quoting ffleo
{quote} easy money for some funds, especially in Asian session.
If Pound data spikes it up, I guess above it would be a spot to have at least a mental stop if we break Asia low during or just prior to US news
Come with me if you want to live....
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