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Cable Update (GBPUSD)

  • #375,521
  • May 2, 2014 10:35am May 2, 2014 10:35am
Quoting DerekTrotter
{quote} well it is nfp and it is friday and together thats pretty nuts .. just my 2 cents worth of useless info..

not useless bro..
oh well at least i didnt enter again
  • #375,522
  • May 2, 2014 10:39am May 2, 2014 10:39am
Quoting nAVIN2007
{quote} not useless bro.. oh well at least i didnt enter again
Nav, one idea for you to consider, if yous really into longer-term positions, look into options, option structure got fixed risk (you choose) and almost same upside, as spot, if you pick the right strike / expiry combo. Saves you time/money/nerves and you can enjoy better things in life stress free.
  • #375,523
  • May 2, 2014 10:43am May 2, 2014 10:43am
Quoting ruffryders
day is not out yet, true, still this W1 EU chart points to the further direction. it's 90% safe to say that triangle broke out to the top now. {image}
Agreed. My last Friday EU view.

http://www.forexfactory.com/showthre...59#post7429459
Ghost Rider - WWTBMD?
  • #375,524
  • May 2, 2014 10:48am May 2, 2014 10:48am
Quoting ruffryders
day is not out yet, true, still this W1 EU chart points to the further direction. it's 90% safe to say that triangle broke out to the top now. {image}
You beat me to it
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Come with me if you want to live....
  • #375,525
  • May 2, 2014 10:48am May 2, 2014 10:48am
I have been deceived with this wedge.........Market does not respect any wedge this time....... Note that there will be a big jump on Monday..
  • #375,526
  • May 2, 2014 10:49am May 2, 2014 10:49am
Quoting ruffryders
{quote} Nav, one idea for you to consider, if yous really into longer-term positions, look into options, option structure got fixed risk (you choose) and almost same upside, as spot, if you pick the right strike / expiry combo. Saves you time/money/nerves and you can enjoy better things in life stress free.

bro i have a stress free life now ..nah its all good, im enjoying the show
I dont know what has happened to me but i aint bothered yet!..time is not an issue for me in this..

I like currency..if i get out with a positive result i will just trade like i did when i started with a definite close stop..im only in this situation because work didnt allow me to monitor trades and i felt i didnt have control so i adapted in order to try get a result..that was a mistake
  • #375,527
  • May 2, 2014 10:49am May 2, 2014 10:49am
Quoting kemiodelade
I have been deceived with this wedge.........Market does not respect any wedge this time....... Note that there will be a big jump on Monday..
what wedge?
  • #375,528
  • May 2, 2014 10:50am May 2, 2014 10:50am
Quoting albchr
{quote} No question it's bullish bro and as I posted here and in my corner, 6820/6800 is my main buying area. We may not get anymore than that 6820 test we got today. But next week could see it fall off a bit. At least I rather hope so for better buys. But if not, I have no problem adding until 1.7xx. We'll just have to see what PA tells us from here. Not making any moves on dragon as of yet. UJ still questionable at best. Could get better price still. {image}
Indeed.
And if the Euro really is the "weaker currency"

and it's looking very bullish....
Come with me if you want to live....
  • #375,529
  • May 2, 2014 10:52am May 2, 2014 10:52am
Quoting nAVIN2007
{quote} bro i have a stress free life now ..nah its all good, im enjoying the show I dont know what has happened to me but i aint bothered yet!.. I like currency..if i get out with a positive result i will just trade like i did when i started with a definite close stop..im only in this situation because work didnt allow me to monitor trades and i felt i didnt have contol
ok, sounds like you are all set and good bro! Still, no harm done if you just look into options! Trust me, you won't regret that. Both for profits and hedging.
  • #375,530
  • May 2, 2014 10:53am May 2, 2014 10:53am
Quoting ruffryders
{quote} ok, sounds like you are all set and good bro! Still, no harm done if you just look into options! Trust me, you won't regret that. Both for profits and hedging.

sure bro..thanks
  • #375,531
  • May 2, 2014 10:53am May 2, 2014 10:53am
Quoting kemiodelade
I have been deceived with this wedge.........Market does not respect any wedge this time....... Note that there will be a big jump on Monday..
This is actually something I'm wondering about. With the new month, NFP Friday and the GBP holiday on Monday. What will the weekend movement be? Of course there's no way to know but I always wonder....lol
Ghost Rider - WWTBMD?
  • #375,532
  • May 2, 2014 10:55am May 2, 2014 10:55am
Quoting kemiodelade
I have been deceived with this wedge.........Market does not respect any wedge this time....... Note that there will be a big jump on Monday..
the pattern is only as good as it's statistics. Wedges don't have stats to make them worthwhile, that's plain and simple.

Quote
In 55% of cases, the rising wedge is a reversal pattern
  • #375,533
  • May 2, 2014 10:56am May 2, 2014 10:56am
how many pages will i need to go back before someone proclaims todays move was "all in teh chartz"
Twitter: @TrendersGame
  • #375,534
  • May 2, 2014 10:57am May 2, 2014 10:57am
Quoting Harlen
{quote} Hi Elbert from your chart, i can say "Agan pasti org indo"
you can say it but i dont understand it,, why do people think i am indonesian ,,translate my friend , if it is good,, if bad dont lol,, i will google it regards E
  • #375,535
  • May 2, 2014 11:01am May 2, 2014 11:01am
Quoting Citiboy
how many pages will i need to go back before someone proclaims todays move was "all in teh chartz"
posted this in EURUSD thread a while ago.
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  • #375,536
  • May 2, 2014 11:03am May 2, 2014 11:03am
Quoting Citiboy
how many pages will i need to go back before someone proclaims todays move was "all in teh chartz"
Actually, not that many. In relative terms that is. Been lots of talk the past couple days in here about what would likely happen overall. Of course nobody can pick "to the pip" ahead of time on an NFP day.

EDIT: Except perhaps Luther who called the spike (or lower test) within .3 I think it was? .. lol ... He said 6820 and it was 6819.7
Ghost Rider - WWTBMD?
  • #375,537
  • May 2, 2014 11:04am May 2, 2014 11:04am
Quoting ruffryders
{quote} posted this in EURUSD thread a while ago. {image} {image}
this possible non-ideal ratio pattern has potential to break some shorters hearts on EUR USD W1. was posted also a while ago.
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  • #375,538
  • May 2, 2014 11:06am May 2, 2014 11:06am
Quoting ruffryders
{quote} posted this in EURUSD thread a while ago. {image} {image}
Soooo basically

if it goes up, you called it.


if it goes down, you called it.

niccccce
Twitter: @TrendersGame
  • #375,539
  • May 2, 2014 11:10am May 2, 2014 11:10am
Quoting Citiboy
{quote} Soooo basically if it goes up, you called it. if it goes down, you called it. niccccce
ruffs other job is a weatherman lol sorry ruff just a joke regards
  • #375,540
  • May 2, 2014 11:10am May 2, 2014 11:10am
Quoting Citiboy
{quote} Soooo basically if it goes up, you called it. if it goes down, you called it. niccccce
I posted multiple times in my thread my take on EU and called 4000 a number of times as well, here's one of the latest reviews on EURUSD,
now you can continue acting like a scum bag, or play nice, it's your choice.

Problem with EU thread, is that there are too many time-wasters wish-i-could trade proper guys like yourself there.
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