In trading, you have to be defensive and aggressive at the same time
Cable Update (GBPUSD)
- #378,402
- May 20, 2014 11:31am May 20, 2014 11:31am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
going short is bad for your health
... I didn't want to suggest a direction. But yeah, I wouldn't be selling this now.
Ghost Rider - WWTBMD?
- #378,403
- May 20, 2014 11:36am May 20, 2014 11:36am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
guys do you think the parabolic move on GCAD is sustainable? On Weeklies clearly topping action and failure to crack above 8600. The chart shows multiple attempts, which failed so far. I'd attribute it to the topping action. The upside move on GCAD is clearly unsustaineable, 2.00 - keep dreaming.this is going to be sold off so ******* badly.
the fact is we hit major resistance on 8week-stick chart (since inception). see below. yeah, it was a nice party for a while, however the minivan is running...
potential reversal on GCAD - could be a re-test of top of the range @ 8700. current bid @ 8360. looks very well supported ATM. {image}
... 
Ghost Rider - WWTBMD?
- #378,404
- May 20, 2014 11:40am May 20, 2014 11:40am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} {quote} Yeah, I'm.....
GCAD D1 chart shows topping pattern - range 8100-8600. It don't mean that you can't still profit from a potential move from bottom to the top of the range.
Then again you were confused with the diamond pattern on AUD USD as well. before it dropped a 100 points as predicted.
- #378,405
- May 20, 2014 11:44am May 20, 2014 11:44am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} fundies still strong on GU, however once the deal breaks + EU downside pressure - should result in GU breaking below 6700. It could do a final push towards highs still, so be careful short selling @ current prices.nothing changes technically. Just wait for a proper setup to short sell.
{image}
Well I'd say just about all the bases are covered in here now. :nerd:
{quote} Except perhaps one..... After carefully calculating the sliding differential between the Z & Y axis of the tangible square root of BOTH the left and right hypotenuse triangles while of course taking into account the evenly spaced distance between pi and the square root of BOTH the upper and lower legs of an equal yet unequal right sided isohaline triangle's center point using a properly lubed slide rule written in Latin, we can easily see price may go to 1.3500 or 2.0000. So please exercise caution placing any trades at the current price....
Ghost Rider - WWTBMD?
- #378,406
- May 20, 2014 11:48am May 20, 2014 11:48am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Chris, you took the time to dig that up, great.
Is that another one of those lagging indicators? Just curious.Still, it was a pretty picture. I like diamonds.
And it didn't take any time to dig it up as it's all over the forum.
Ghost Rider - WWTBMD?
- #378,407
- May 20, 2014 11:56am May 20, 2014 11:56am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
{quote} Not at all RR, just looking for a little clarity is all. When you call everything, eventually something will come to pass I guess.
A technical analysis is really only important, if one was to actually trade off of it...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #378,408
- May 20, 2014 11:59am May 20, 2014 11:59am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
hey R,I don't think your see above 18420
{quote} Chris, you took the time to dig that up, great.
that you can't still profit from a potential move from bottom to the top of the range. Then again you were confused with the diamond pattern on AUD USD as well. before it dropped a 100 points as predicted.
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #378,409
- May 20, 2014 11:59am May 20, 2014 11:59am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Reserve this for, in the event you flip a coin and it lands on the edge... Atechnical analysis is really only important, if one was to actually trade off of it...
Thanks brother. 
I thought I'd spend the next 5 minutes in eternal confusion! 
Ghost Rider - WWTBMD?
- #378,410
- May 20, 2014 12:00pm May 20, 2014 12:00pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Not at all RR, just looking for a little clarity is all. When you call everything, eventually something will come to pass I guess.
- #378,411
- May 20, 2014 12:51pm May 20, 2014 12:51pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #378,412
- May 20, 2014 1:07pm May 20, 2014 1:07pm
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
good eve guys,still in jersey showing a friend of mine this thread,,his first reaction was ,are the guys here traders or cats as they seem to have their claws out to scratch some bodys eyes out ...lol guys its like saturday all over again ??? you need to get a life you have embarassed me ,lol i was going to show him all your trade set ups targets etc,lets see some trades posted from you all ,regards E
I found my way to deal with FF long time ago.
First.
I dont read posts without charts. (Usually)
Second.
i dont let any assumption, prediction, wishful thinking or something else disturb my opinion.
Third.
A nice chart gets my attention fast. I analyze it if it is my Time frame,
have a look and compare it to my opinion.
Is there something new that i didnt thought about, i assimilate it like the Borgs, if not, bye bye and thank you..
And so on, and so on..
Its a great site here, but you have to know it how to use it,
and ignore the loosers, blenders and time wasters
How to opt out annoying user signatures ??
- #378,415
- May 20, 2014 1:26pm May 20, 2014 1:26pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
GBP JPY LONG setup (H4 diamond bottom).
- #378,416
- May 20, 2014 1:32pm May 20, 2014 1:32pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
GBP JPY LONG setup (H4 diamond bottom).
- #378,418
- May 20, 2014 1:38pm May 20, 2014 1:38pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} With a nice target area above.
- #378,419
- May 20, 2014 1:39pm May 20, 2014 1:39pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
{quote} Ruff Could you once just once place your orders and stop posting clutter.I never seen you post trades Wrong side of GU(1.70+),EU (1.40+)AU(95+) A/CHF (85+)...list goes on then after 100pips you come back BSing the new reality. Place your orders!! Nobody gives a f--- about your charts or predictions
,
- #378,420
- May 20, 2014 1:40pm May 20, 2014 1:40pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
{quote} i am with you on that one my friend is taking the piss at my trade, i tried to jump the train short and got caught 6749 ?? and there is more last one was triggered while i was here but i am happy 6850 i will pick them all up on the way down to 6678, chris,thats not like you ,did you get caught with your pants down,lol i hope you acc is ok,mate,were sitting on the balcony looking over to france on the wine again , but the last time we had any was 2 hours ago at dinner lol .
