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Cable Update (GBPUSD)

  • #375,901
  • May 6, 2014 4:50am May 6, 2014 4:50am
Too much for pound.. Overbought...
  • #375,902
  • May 6, 2014 4:51am May 6, 2014 4:51am
Quoting giveachance
{quote} didn't it baffle your mind when traders were selling at 1.44. when all the market participants said it would test 1.40 and didn't it baffle your mind when it fell from 1.64 to 1.44
LOL... did I piss in your corn flakes or something?? Why the attacking tone? Like everyone else I'm simply putting forth my views. Chill out.
Ghost Rider - WWTBMD?
  • #375,903
  • May 6, 2014 4:54am May 6, 2014 4:54am
is not that a definition of an uptrend...IE an uptrend will always be overbought on at least one time frame....ie it means nothing useful. You wouldn't be holding shorts would you ?

Quoting Azeriboy
Too much for pound.. Overbought...
it's all gone a bit........
  • #375,904
  • May 6, 2014 4:58am May 6, 2014 4:58am
I have noticed on this and other paces threads that when people are holding losing positions and hurting they lash out by heaping stuff on the trend followers ...just an observation.

best wishes
it's all gone a bit........
  • #375,905
  • May 6, 2014 5:00am May 6, 2014 5:00am
Quoting petetong
is not that a definition of an uptrend...IE an uptrend will always be overbought on at least one time frame....ie it means nothing useful. You wouldn't be holding shorts would you ? {quote}
One would think.

But I guess we have to understand what overbought is. When it's overbought, and folks keep buying, then it's "really" overbought. Then folks keep buying and it's "really REALLY" overbought. Then folks keep buying and it's "I can't believe how overbought this is". Then folks keep buying and it's "WTF?? this is SOOOO overbought".

Then the trend changes and it's "See? I TOLD you it was overbought"!! ....
Ghost Rider - WWTBMD?
  • #375,906
  • May 6, 2014 5:00am May 6, 2014 5:00am
Quoting petetong
is not that a definition of an uptrend...IE an uptrend will always be overbought on at least one time frame....ie it means nothing useful. You wouldn't be holding shorts would you ? {quote}
Better not to trade now and wait until market will reverse..
  • #375,907
  • May 6, 2014 5:11am May 6, 2014 5:11am
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  • #375,908
  • May 6, 2014 5:19am May 6, 2014 5:19am
Quoting giveachance
{quote} ya so what was the logic when gbp was at 1.44 and it burst through 1.54 in 2 months. data every month was always in contraction. don't talk bullshit here. markets are positioned for a dollar selloff and it will happen no matter how good or bad the data is. wehn positioning changes markets will fall even on good data.
I don't care about what happend at 144 or 155 All I care is that I am almost 500 pips in profit as I go with the trend.
I am a retail trader and this is the safest way to trade as I do not have access to orders and do not work in the City or Wall Street
I am not a pit trader to play counter trade set ups I am not a market maker, I am small fish with MT4 on my small laptop.
Quoting tomspin
Took long from 1,6470 avg SL 10 pips TP 1,7175
Market goes where it wants with or without me, my personal view does not matter and will never move the price,
Now please put me BACK on your ignore list.
swing it!
  • #375,909
  • May 6, 2014 5:21am May 6, 2014 5:21am
Quoting albchr
{quote} One would think. But I guess we have to understand what overbought is. When it's overbought, and folks keep buying, then it's "really" overbought. Then folks keep buying and it's "really REALLY" overbought. Then folks keep buying and it's "I can't believe how overbought this is". Then folks keep buying and it's "WTF?? this is SOOOO overbought". Then the trend changes and it's "See? I TOLD you it was overbought"!! ....
I think I have actually read this exact series from a live trader talking about RSI readings/divergence......
  • #375,910
  • May 6, 2014 5:22am May 6, 2014 5:22am
Never test the depth of river with both feet
  • #375,911
  • May 6, 2014 5:26am May 6, 2014 5:26am
Quoting kostas1
{quote} I think I have actually read this exact series from a live trader talking about RSI readings/divergence......
That wouldn't surprise me at all. Birds of a feather and all.... usually come to the same conclusions over time.
Ghost Rider - WWTBMD?
  • #375,912
  • May 6, 2014 5:28am May 6, 2014 5:28am
Quoting tomspin
{quote} I don't care about what happend at 144 or 155 All I care is that I am almost 500 pips in profit as I go with the trend. I am a retail trader and this is the safest way to trade as I do not have access to orders and do not work in the City or Wall Street I am not a pit trader to play counter trade set ups I am not a market maker, I am small fish with MT4 on my small laptop. {quote} Market goes where it wants with or without me, my personal view does not matter and will never move the price, Now please put me BACK on your ignore list.
....
Ghost Rider - WWTBMD?
  • #375,913
  • May 6, 2014 5:29am May 6, 2014 5:29am
wonder why many people like to short the uptrend.
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  • #375,914
  • May 6, 2014 5:30am May 6, 2014 5:30am
Quoting tomspin
{quote} I don't care about what happend at 144 or 155 All I care is that I am almost 500 pips in profit as I go with the trend. I am a retail trader and this is the safest way to trade as I do not have access to orders and do not work in the City or Wall Street I am not a pit trader to play counter trade set ups I am not a market maker, I am small fish with MT4 on my small laptop. {quote} Market goes where it wants with or without me, my personal view does not matter and will never move the price, Now please put me BACK on your ignore list.
Tom, solid post, don't expand energy on that scumbag, I'm not even sure why he's back from hibernation.
  • #375,915
  • May 6, 2014 5:34am May 6, 2014 5:34am
1.7xxx here we go
  • #375,916
  • May 6, 2014 5:40am May 6, 2014 5:40am
Quoting ruffryders
{quote} Tom, solid post, don't expand energy on that scumbag, I'm not even sure why he's back from hibernation.
Come on now ruff. It's good to be right but we shouldn't pick on those who are not. Been there enough myself (and sometimes still am) to know the losses hurt bad enough. Just saying....
Ghost Rider - WWTBMD?
  • #375,917
  • May 6, 2014 5:42am May 6, 2014 5:42am
Quoting ruffryders
{quote} elbert crosses and CHF say we go UP.
hi ruff yes it wants to go up??? but if you read posts like hda, you will see i am prob an aggresive counter trend trader ????????? i like to trade normally after a break away from emas, because price has to touch them again , i try to have only 3 positions in one pair at a time,, i dont trade pennys but i dont trade hundreds a pip, i dont have to trade on fx for a living. i dont work ??i like the buzz of danger knowing your in an up trend and trading back ,other wise i find it a boar? i trade £5 a pip bigger lot x4 its a game to pass the time,but i do enjoy the thread, the only thing i dont like is traders who think they are smarter than others and rubbing their faces in the sand ??? regards E
  • #375,918
  • May 6, 2014 5:44am May 6, 2014 5:44am
i'll get relaxed for 10 days then go short this pair.
  • #375,919
  • May 6, 2014 5:45am May 6, 2014 5:45am
Quoting albchr
{quote} Come on now ruff. It's good to be right but we shouldn't pick on those who are not. Been there enough myself (and sometimes still am) to know the losses hurt bad enough. Just saying....
Chris, this guy posted only negative stuff with no backing since MAR 2014.
  • #375,920
  • May 6, 2014 5:45am May 6, 2014 5:45am
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