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Cable Update (GBPUSD)

  • #396,541
  • Sep 4, 2014 5:20pm Sep 4, 2014 5:20pm
Quoting eliasahmar
{quote} I think after his buy call from 6720 he lost credibility in this forum... members will think twice now before listening to him
People never learn...
Everyone can see the chart, but only a few can actually read it.
  • #396,542
  • Sep 4, 2014 5:39pm Sep 4, 2014 5:39pm
Quoting OnlineAddict
{quote} You are not allowed to badmouth him over here, I did it a few times and got screamed at by his puppets. He doesn't have any plan and like I already said, he made one lucky trade this year, after being in drawdown for 2 months and thats it. His plan is "Hmm, others are buying at 1.6720, must mean a reversal, let me hold until forever no matter what happens". And he is only here when the trade goes in his direction, then you see him post 5 times a day, all the made up option numbers and stuff. In situations like this, you won't see him...

it is very funny - when one is log enough here one can observe ever repeating patterns.

One of them is, that when it is obvious, that someone is a self declared fund-manager, Ph.D. of Mathematics, Scammer or whatever else, and one calls them, all the willing sheeple will fight you tooth and nails, only to find themselves later with bleeding noses LOL
  • #396,543
  • Sep 4, 2014 5:46pm Sep 4, 2014 5:46pm
Quoting infinitus
{quote} it is very funny - when one is log enough here one can observe ever repeating patterns. One of them is, that when it is obvious, that someone is a self declared fund-manager, Ph.D. of Mathematics, Scammer or whatever else, and one calls them, all the willing sheeple will fight you tooth and nails, only to find themselves later with bleeding noses LOL
To be honest, I was only questioning him, because I feel honestly bad for all the people trapped in longs because of him. Been there, done that, it sucks. But many people come here and without much experience trade whatever anyone is saying. Especially when that anyone acts like he owns the market and is never wrong. We all know shit, we can only trade on probability, win more than we lose, thats all.
Everyone can see the chart, but only a few can actually read it.
  • #396,544
  • Sep 4, 2014 5:51pm Sep 4, 2014 5:51pm
Quoting OnlineAddict
{quote} To be honest, I was only questioning him, because I feel honestly bad for all the people trapped in longs because of him. Been there, done that, it sucks. But many people come here and without much experience trade whatever anyone is saying. Especially when that anyone acts like he owns the market and is never wrong. We all know shit, we can only trade on probability, win more than we lose, thats all.

nothing to add
  • #396,545
  • Sep 4, 2014 6:48pm Sep 4, 2014 6:48pm
There is no way 6250 survives this drop...probably another 100 pips today.
Everyone can see the chart, but only a few can actually read it.
  • #396,546
  • Sep 4, 2014 6:53pm Sep 4, 2014 6:53pm
Quoting OnlineAddict
There is no way 6250 survives this drop...probably another 100 pips today.
no retrace before 1.60 and to be more specific no retrace before 18th of September ((the Scottish referendum polls))
  • #396,547
  • Sep 4, 2014 7:24pm Sep 4, 2014 7:24pm
Quoting eliasahmar
{quote} no retrace before 1.60 and to be more specific no retrace before 18th of September ((the Scottish referendum polls))
I still remember how painful it was to close my long from 6720 at 6690, because there was a weekend gap and I could have made some profit. But thinking about it now feels so much better.
Everyone can see the chart, but only a few can actually read it.
  • #396,548
  • Sep 4, 2014 7:30pm Sep 4, 2014 7:30pm
Short ej 1.36.547 tp 134.945
short ea 1.38470 tp 1.37424
A good trader follows his rules, but great trader knows when to break them
  • #396,549
  • Sep 4, 2014 7:34pm Sep 4, 2014 7:34pm
Quoting Anti_Losses
{quote} Well it is so much redder now... I am used to it...
Hold on to ur plan!! I'm sure u are handling well... I'm not in any position, I'll wait for PA for long )
  • #396,550
  • Sep 4, 2014 7:40pm Sep 4, 2014 7:40pm
Quoting OnlineAddict
There is no way 6250 survives this drop...probably another 100 pips today.
I know it may seem the momentum is too strong for this to suddenly reverse but looking at the past, it's not completely impossible.
Also, big buyers need lots of sellers to fill the orders so the best way is to get everyone thinking it's going to zero then start buying when everyone else is providing the liquidity (sellers) to fill the orders.
Not saying it will this time but just a possibility.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly-1.png Size: 34 KB
  • #396,551
  • Sep 4, 2014 7:47pm Sep 4, 2014 7:47pm
Quoting srt
I know it may seem the momentum is too strong for this to suddenly reverse but looking at the past, it's not completely impossible.
It may turn, but I wouldn't long it at 6250 with my money, thats all. Maybe when USDX hits 85 and Scotland votes no, that could be a turning point(short-term).
Everyone can see the chart, but only a few can actually read it.
  • #396,552
  • Sep 4, 2014 7:51pm Sep 4, 2014 7:51pm
Quoting eliasahmar
{quote} no retrace before 1.60 and to be more specific no retrace before 18th of September ((the Scottish referendum polls))
that's what made me change my plan on the medium term .
Get Rich or Die Tryin
  • #396,553
  • Sep 4, 2014 7:53pm Sep 4, 2014 7:53pm
Quoting OnlineAddict
{quote} It may turn, but I wouldn't long it at 6250 with my money, thats all. Maybe when USDX hits 85 and Scotland votes no, that could be a turning point(short-term).
If it closes near 1.6250 tomorrow then I'll be watching it closely Monday for a possible buy with SL below the low. Looking @ the other 2 examples I gave, the price closed the week near the low, opened Monday @ same price & that was nearly the low for the new week. Price will be near an obvious support just as it was the other 2 times shown. Could be interesting.
  • #396,554
  • Sep 4, 2014 7:54pm Sep 4, 2014 7:54pm
Quoting OnlineAddict
{quote} It may turn, but I wouldn't long it at 6250 with my money, thats all. Maybe when USDX hits 85 and Scotland votes no, that could be a turning point(short-term).
Max High this will go to is 1.63250, Then DOWN to 1.62050
A good trader follows his rules, but great trader knows when to break them
  • #396,555
  • Sep 4, 2014 7:59pm Sep 4, 2014 7:59pm
Quoting Bones
cable been very good to me the mistakes I made was closing original shorts right from the top along the way ,I should have carried on building based on weekly and monthly {image}
yup. i closed them early as well @6405. stupid.
  • #396,556
  • Sep 4, 2014 8:08pm Sep 4, 2014 8:08pm
Quoting pipster1
I am reading longer term...next stop 1.63
So much for longer term...took the last retest on the EU for a few more pips...Missed the GU entry...good nite all.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-04_2159.png Size: 14 KB
  • #396,557
  • Sep 4, 2014 8:09pm Sep 4, 2014 8:09pm
Quoting elbert3
{quote} {image} GM on a dax day lol
  • #396,558
  • Sep 4, 2014 8:29pm Sep 4, 2014 8:29pm
Quoting giveachance
{quote} yup. i closed them early as well @6405. stupid.
Been watching this and not trading it so missed most of the move.
Jumped on when it broke down below the last pullback, got 200 locked in now with a 50 TS
Attached Image
Lets go grab some PIPS
  • #396,559
  • Sep 4, 2014 8:57pm Sep 4, 2014 8:57pm
Wave count update with likely targets.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 12.png Size: 49 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #396,560
  • Sep 4, 2014 9:23pm Sep 4, 2014 9:23pm
Quoting eliasahmar
{quote} no retrace before 1.60 and to be more specific no retrace before 18th of September ((the Scottish referendum polls))
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