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Cable Update (GBPUSD)

  • #379,121
  • May 26, 2014 11:36am May 26, 2014 11:36am
Quoting Luther
{quote} http://www.youtube.com/watch?v=x9P4PfwIIew
LOL... watch his eyes as he explains all this. He's looking DEEP within himself. Obviously, he has come to see himself quite clearly.

This is not directed at anyone but just a fact of the human condition in general.

"We are but reflections of each other. What you see in, and accuse others of, first take care to observe in yourself"

Ghost Rider - WWTBMD?
  • #379,122
  • May 26, 2014 11:38am May 26, 2014 11:38am
Quoting JimmyC
{quote} She's our hero {image}
And I wouldn't call her anything else to her face.... .... ....
Ghost Rider - WWTBMD?
  • #379,123
  • May 26, 2014 11:43am May 26, 2014 11:43am
Quoting albchr
Come on folks. Careful of too much ..... "Trader-Osterone" .... It can get really ugly! {image}
I... erm, well... oh, forget it - you'd all think I was a sicko if I typed down my thoughts.

Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #379,124
  • May 26, 2014 11:48am May 26, 2014 11:48am
Quoting 45Condor
{quote} I... erm, well... oh, forget it - you'd all think I was a sicko if I typed down my thoughts.
LOL..... I'm sure we've all written enough already to cover that conclusion for ourselves...
Ghost Rider - WWTBMD?
  • #379,125
  • May 26, 2014 11:49am May 26, 2014 11:49am
Quoting 45Condor
{quote} I... erm, well... oh, forget it - you'd all think I was a sicko if I typed down my thoughts.
I enjoy your Guppy charts and use it sometimes myself.
Type out your thoughts in abundance

The Art of War
It is said that if you know your enemies(market) and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be imperiled in every single battle.
In trading, you have to be defensive and aggressive at the same time
  • #379,126
  • May 26, 2014 12:04pm May 26, 2014 12:04pm
Quoting Luther
{quote} Yeah. I was trying to find the right video but got distracted by AUDJPY so cleared my post. (I'll post the one I was looking for when I find it) It's a difficult subject to explain properly, but actually important when dealing with money and markets, and the people you meet along the way. You have good and bad influences everywhere you look. Probably the worst are those that pretend to be helpful, but consistently attack others, or any other way of thinking they don't agree with. Look back on my posts before you judge me, then talk about...
I was responding to the dude in the video. I specifically mentioned that line wasn't about anyone in particular. You just happened to post it so yeah, I quoted your post.

I'm not really trying to "be everyone's bud" Luther. I just "try" to keep the mood light for the same reason you just mentioned. I can't stand all the pointless bickering about "who" or what "method" is right or wrong. There are SO MANY that work well. The ones who come out being mean to others are the smallest of minds here. You will never see me mock another or their approach. And you might be surprised how much I've learned from all of them. Taking what fits me and leaving the rest behind as I keep on rolling along.

I "judge" no one but myself. Pretty sure most who know me here would agree with that.

Where I go wrong is allowing myself to get sucked in on occasion defending the ones I see wrongfully accused. This too I must learn to "rise above".

But that stems from a big heart, not a small mind.
Ghost Rider - WWTBMD?
  • #379,127
  • May 26, 2014 12:10pm May 26, 2014 12:10pm
Quoting Luther
{quote} I don't have tolerance for people being mean...
Its interesting prior of your post I emptied my ignore list.
Decided to tolerate everyone since market is made up of everyone. Why be scared of market
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #379,128
  • May 26, 2014 12:17pm May 26, 2014 12:17pm
Quoting albchr
{quote} I was responding to the dude in the video. I specifically mentioned that line wasn't about anyone in particular. You just happened to post it so yeah, I quoted your post. I'm not really trying to "be everyone's bud" Luther. I just "try" to keep the mood light for the same reason you just mentioned. I can't stand all the pointless bickering about "who" or what "method" is right or wrong. There are SO MANY that work well. The ones who come out being mean to others are the smallest of minds here. You will never see me mock another or their...
Chris
Don't change yourself.Stay true to your nature.Does not matter who says what.
regards
In trading, you have to be defensive and aggressive at the same time
  • #379,129
  • May 26, 2014 12:22pm May 26, 2014 12:22pm
Quoting Davit
{quote} Chris Don't change yourself.Stay true to your nature.Does not matter who says what. regards
I couldn't even if I wanted to Davit.

Quoting Luther
{quote} You can't please everyone all the time... I'm not criticizing you for keeping it light hearted. I take exception when people are mistreating others. How we respond to abusive behavior is a personal choice.
100% agreed Luther.
Ghost Rider - WWTBMD?
  • #379,130
  • May 26, 2014 12:27pm May 26, 2014 12:27pm
Anyway folks, it's Memorial Day, the weather is simply the best one could ask for and I have fields that need cutting.

Happy Memorial Day Everyone. Enjoy!
Ghost Rider - WWTBMD?
  • #379,131
  • Edited 10:58pm May 26, 2014 12:36pm | Edited 10:58pm
Quoting albchr
Anyway folks, it's Memorial Day, the weather is simply the best one could ask for and I have fields that need cutting. Happy Memorial Day Everyone. Enjoy!
Inserted Video
  • #379,132
  • May 26, 2014 1:24pm May 26, 2014 1:24pm
GU H4 GMT+3

After some loss at this level, it is time to reload the longs
Decided correction of bulls, daily indside bars.
Trend is up who is my friend(even)
Buy stop .6875, buy limit .6806.
Invalidation if price could close under ~6800...

Good luck!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 56 KB
Click to Enlarge Name: gbpusdmicrodaily.png Size: 48 KB
Anything is math!
  • #379,133
  • May 26, 2014 1:26pm May 26, 2014 1:26pm
HELP !!! http://www.forexfactory.com/showthread.php?t=486563
  • #379,134
  • May 26, 2014 1:31pm May 26, 2014 1:31pm
Add another short @1.6846
  • #379,135
  • May 26, 2014 1:35pm May 26, 2014 1:35pm
Quoting Carlicus
Add another short @1.6846
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #379,136
  • May 26, 2014 1:44pm May 26, 2014 1:44pm
Quoting JimmyC
{quote} http://youtu.be/MR87LsmXzBs {image}
Thank you for the video Jimmy. 7 Medical Battalion Group?

Here in the United States, on Memorial Day and Veterans Day, millions of red crepe paper poppies—all handmade by veterans as part of their therapeutic rehabilitation—are distributed across the country in exchange for donations that go directly to assist disabled and hospitalized veterans in our communities.

If you do not know why poppies, you should:

In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #379,137
  • Edited 2:37pm May 26, 2014 2:22pm | Edited 2:37pm
Quoting Davit
{quote} {image}
Haha soo funny Davit! The bad thing is that now there are 61% retailers shorting GU, which probably makes our entry to be too early! I hope I'm wrong.

By the way, I would like to highlight the way you seem to have improved your trading in my opinion.

I remember that in January, you took some shorts in GU, but you were a bit obstinate insisting in that cable should be down a looooot and that you were planning to hold your position for a long time. I remember that because I also was trading the same short positions as you, more or less. You were profitable on that position after some time, but rather than taking profits you decided to wait (again according to what I remember), and finally the position went against you and you couldn't take profit (don't know if you took losses or not)

However, the important thing, is that now, rather than focusing so much on fundamentals and be sure that GU has to plummet (as you seemed to think before), now I'm glad to read that you are a swing trader, and you are taking profits when the swing ends, which is much more convinient in my opinion

Congrats!!

P.D:
This is my personal opinion on what I remember, maybe I'm totally wrong, but I wouldn't be doing it on purpose
  • #379,138
  • Edited 3:04pm May 26, 2014 2:48pm | Edited 3:04pm
This is what I'm actually seeing: a big triangle is being formed. This really seems an important acummulation phase. Wherever the price go, up or down, the positions are being built now. To me it seems that we are going down, and I prefer to short from here, rather than chasing the trend or waiting for a pull back.

However, if the price breaks out strongly to the upside, I would hedge my position since I'm convinced that there is much more room to the downside than to the upside, and I'll add more shorts up there.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 79 KB
  • #379,139
  • May 26, 2014 7:54pm May 26, 2014 7:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 62 KB
Ghost Rider - WWTBMD?
  • #379,140
  • May 26, 2014 8:18pm May 26, 2014 8:18pm
Quoting albchr
{image}


Quoting Luther
GU and GY charts. {image} {image}
Here's Friday's GBPUSD chart from the conclusion of the trade I posted that morning and today's chart. I had a date so I didn't visit here Friday evening. The Dragon trade didn't go the way I hoped, so I closed that one at a small loss. The positive housing data pushed the DIXY up so GY didn't fall alongside GU. Shit happens....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4mm.png Size: 11 KB
Click to Enlarge Name: gbpusdh466.png Size: 10 KB
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