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Cable Update (GBPUSD)

  • #390,521
  • Jul 31, 2014 10:19am Jul 31, 2014 10:19am
Can't enter either way now...big R on the way up at 6888, don't want to short from here either...I guess that was it for today.
Everyone can see the chart, but only a few can actually read it.
  • #390,522
  • Jul 31, 2014 10:20am Jul 31, 2014 10:20am
Quoting cspip
{quote} {quote} Still in it from 1.6861.....from earlier today.............. {quote} {quote}
Thats a great entry.
Everyone can see the chart, but only a few can actually read it.
  • #390,523
  • Jul 31, 2014 10:22am Jul 31, 2014 10:22am
Quoting Raider
{quote} Well I sure did earn another $600 in the evening.... All Thanks to the GURU's HDA & elbert3 (Billy).... I am loving this thread... just dont want to take more risk... All I am doing is following the Guru's and taking my entries...... Hell ya....
HIGHLY unadvisable sir. You have no idea what "their" trade plan or account management is. Don't let a couple lucky breaks lure you into a false sense of security.

Yes, there are some very good traders here. You're focus should be "becoming" one, NOT "following" any. Just saying....
Ghost Rider - WWTBMD?
  • #390,524
  • Jul 31, 2014 10:22am Jul 31, 2014 10:22am
Quoting albchr
{quote} Very true Nate. But as you've seen so much of in here, many are far more concerned with chest pounding than understanding something. So be it. Judging by the amount of PM's I'm getting complaining about those many, my ignore button will be getting a workout soon I can tell.
Couldn't have said it better if I tried.
  • #390,525
  • Jul 31, 2014 10:26am Jul 31, 2014 10:26am
Quoting albchr
{quote} HIGHLY unadvisable sir. You have no idea what "their" trade plan or account management is. Don't let a couple lucky breaks lure you into a false sense of security. Yes, there are some very good traders here. You're focus should be "becoming" one, NOT "following" any. Just saying....
A good trader follows his rules, but great trader knows when to break them
  • #390,526
  • Edited 10:57am Jul 31, 2014 10:28am | Edited 10:57am
Quoting nAVIN2007
{quote} see u later bro!!..

Hear the music before the song is over ...
  • #390,527
  • Jul 31, 2014 10:30am Jul 31, 2014 10:30am
There is definitely a downward trend as we can see on the 4hrly charts although there is a high probability for retracement to the 1.700 zone it involves some risk but clearly worth it as you can get 3 to 1 RR. The main nugget in this trade is if it decides to shoot pass this zone to 1.7150 now that will be a nice kill for next months strategy.
  • #390,528
  • Jul 31, 2014 10:34am Jul 31, 2014 10:34am
Quoting albchr
{quote} HIGHLY unadvisable sir. You have no idea what "their" trade plan or account management is. Don't let a couple lucky breaks lure you into a false sense of security. Yes, there are some very good traders here. You're focus should be "becoming" one, NOT "following" any. Just saying....

Thanks for that one... I am in process to be one... until then just taking their entries if they are matching my charts.....
I don't know if they do the same thing on charts as I do but mine are going close to theirs....
Even your posts are in my Que. I am following them as well...

This gives me an idea as to how good my calculations are...
  • #390,529
  • Jul 31, 2014 10:42am Jul 31, 2014 10:42am
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  • #390,530
  • Jul 31, 2014 10:48am Jul 31, 2014 10:48am
Quoting Raider
{quote} Thanks for that one... I am in process to be one... until then just taking their entries if they are matching my charts..... I don't know if they do the same thing on charts as I do but mine are going close to theirs.... Even your posts are in my Que. I am following them as well... This gives me an idea as to how good my calculations are...
Ok then. But do please be careful. I've been here long enough to see so many take that route and then crash and burn in one or two trades.

I remember one (nameless) who after just ONE week was up over 8k. EIGHT THOUSAND!! on a 1k account...WOW!! The very next day it was gone! Blown! See ya later baby. For two weeks he talked of suicide. (Some of the other seniors here may remember that?) We talked at length to him about not doing anything foolish or emotional. Maybe he was pulling our chain, maybe not. But it wasn't, and isn't fun to see that happen.

The other side of the coin is, you really never know (until you've been here long enough), who really are good traders or not.

Best wishes to you Raider.
Ghost Rider - WWTBMD?
  • #390,531
  • Jul 31, 2014 10:49am Jul 31, 2014 10:49am
Still firmly believe sub 1.69 levels are good to build long positions for 1.70+ coming … but never know how much further she can drop….

Out of all the major currencies GBP has the most clear trend.
  • #390,532
  • Jul 31, 2014 10:55am Jul 31, 2014 10:55am
Quoting Ck87
Still firmly believe sub 1.69 levels are good to build long positions for 1.70+ coming … but never know how much further she can drop…. Out of all the major currencies GBP has the most clear trend.
yeah pound yen is a mess right now with so many conflicting signals thats why gbp/us seems more ideal to trade at this moment. probably will be focusing on the gbp/us and Eur/jpy next month. they both have clear trends and opportunities for profits on both ends of the coin. GL guys
  • #390,533
  • Jul 31, 2014 10:57am Jul 31, 2014 10:57am
one things for sure im glad im not considered the lucky one ,getting lucky breaks




Quoting Bones
the big surprise to me was a weak jpy , don't think that's right {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,534
  • Jul 31, 2014 11:03am Jul 31, 2014 11:03am
I almost clicked the sell button at 6888, but its the last day of the month and don't want to get stuck in some end of the day bullshit. On a normal day, it would be a good scalp.
Everyone can see the chart, but only a few can actually read it.
  • #390,535
  • Jul 31, 2014 11:06am Jul 31, 2014 11:06am
Loading the boat with longs!
All posts are my personal opinion
  • #390,536
  • Jul 31, 2014 11:18am Jul 31, 2014 11:18am
Quoting elbert3
{quote} are you in a trade now gb??? it busy day today ,, i will send you the scalper if you get 50 today lol
no done for the day.
you still think it's gonna drop below 1.6850 today?
Hear the music before the song is over ...
  • #390,537
  • Jul 31, 2014 11:23am Jul 31, 2014 11:23am
Quoting elbert3
{quote} did you get usdcad i posted order to you before in order was filled hi hit 10 ema and looks to be still going
Yes I took it. Zoomed chart from previous.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #390,538
  • Jul 31, 2014 11:27am Jul 31, 2014 11:27am
Quoting Mr. Scott
{quote} Yes I took it. Zoomed chart from previous. {image}
well done Mr Scott ,,as ever regards B
  • #390,539
  • Jul 31, 2014 11:29am Jul 31, 2014 11:29am
Quoting GlobalMacro
{quote} no done for the day. you still think it's gonna drop below 1.6850 today?
sorry boss trying that one sl on the top look 1 hour chart left support
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sorry more charts than captain cook
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  • #390,540
  • Jul 31, 2014 11:34am Jul 31, 2014 11:34am
eu outlook ,


Quoting Bones
take eu I would say that is a bullish candle , but its purpose is pull back from oversold situ, you prob find the exact opposite after at some point depending on the move, {quote} {image}

http://www.forexfactory.com/showthre...32#post7612432
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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