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Cable Update (GBPUSD)

  • #448,301
  • Edited 9:12am Jan 29, 2017 8:53am | Edited 9:12am
though apparently the last leg up seems near end or ended & so correction down towards 1.2250 likely before next bull start .but as the nearest target is so near it can take any shape to hit it first before the down correction & if it happen , should do before 1.2414. otherwise correct to go further up.. Take care . anyway it is still in the previous analysis .
Same thing apparently for gold also , to hit the target nearest , it be take action before breaks down 1170/63, otherwise go ground again 1118 or more down .
Take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #448,302
  • Jan 29, 2017 9:05am Jan 29, 2017 9:05am
no elaboration tl you say gone to dust

Quoting Toranaga
{quote} Its late here, so i will elaborate your post tomorrow. If it is so, then it is, so i learned something new. And if not, maybe babypips (and you) have to expand the tutorial. Atm she works great as i can see ?! Drawing a Daily Tl that suits for a scalp. Mhh. Anyway, kali nihta.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,303
  • Jan 29, 2017 9:07am Jan 29, 2017 9:07am
Quoting Bones
your cracking me up I said it wouldn't go in box your 1 (mine lower) might go my 4 but would go higher than price then you said nothing but there the zones a monkey could do better with line {quote}

English arent your mother language or ? Its sometimes hard for me to understand you.
But anyway, who cares who said what, the chart shows it now, and now is now.



ps. I also said we will go lower first and it went again to 1.20 after that. So what now he he
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  • #448,304
  • Jan 29, 2017 9:10am Jan 29, 2017 9:10am
Quoting Bones
no elaboration tl you say gone to dust {quote}
Thats why i dont like this thread. To much information, that is posted. No time to read all and much less to write back.
Ive done it but, why to post it. 1 Day later it will be burred under 100s of other posts and you simply wasted your time.

Had to search more that 10 minutes only to find my older posts/charts today..
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  • #448,305
  • Jan 29, 2017 9:12am Jan 29, 2017 9:12am
just look in your own history shouldnt be hard by the way when your there quote it like nala you want to chat past in thin air

Quoting Toranaga
{quote} Thats why i dont like this thread. To much information, that is posted. No time to read all and much less to write back. Ive done it but, why to post it. 1 Day later it will be burred under 100s of other posts and you simply wasted your time. Had to search more that 10 minutes only to find my older posts/charts today..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,306
  • Edited 9:33am Jan 29, 2017 9:19am | Edited 9:33am
My deductions cup and handle/inverted cup and handle
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  • #448,307
  • Edited 9:42am Jan 29, 2017 9:26am | Edited 9:42am
im English -best traders in the world

Your German -best car makers in the world ,
also best hoodwinkers to all the other silly weaker countries that are in the Eur currency


http://www.urbandictionary.com/defin...erm=hoodwinker

Quoting Toranaga
{quote} English arent your mother language or ? Its sometimes hard for me to understand you. But anyway, who cares who said what, the chart shows it now, and now is now. ps. I also said we will go lower first and it went again to 1.20 after that. So what now he he
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,308
  • Jan 29, 2017 9:33am Jan 29, 2017 9:33am
Quoting Bones
im English -best traders in the world Your german -best car makers in the world , also best hoodwinkers to all the other silly weaker countries that are in the Eur currency http://www.urbandictionary.com/defin...erm=hoodwinker {quote}
First, im not a German, im living here. English is my third language that i can speak and write.
Followed by Russian and Greek, but im weak there so i dont count them.

Second, i have no problems with Freemasons. I like them 10 minutes to walk from here is a old Freemasons house.
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  • #448,309
  • Jan 29, 2017 9:36am Jan 29, 2017 9:36am
Freemason initiations involve 'hoodwinking' or blindfolding the initiate, and telling him all kinds of hocus pocus

Quoting Toranaga
{quote} First, im not a German, im living here. English is my third language that i can speak and write. Followed by Russian and Greek, but im weak there so i dont count them. Second, i have no problems with Freemasons. I like them 10 minutes to walk from here is a old Freemasons house.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,310
  • Jan 29, 2017 9:45am Jan 29, 2017 9:45am
Quoting Bones
Freemason initiations involve 'hoodwinking' or blindfolding the initiate, and telling him all kinds of hocus pocus {quote}

Freemason - put here who ever you want and it suits for you..

initiations - press conferences / News, decisions, Master plan, 'court rulings'..

blindfolding the initiate - retail traders

telling him all kinds of hocus pocus - Brexit, no brexit, hard brexit, soft brexit, 'transatlantic trade deals', no inflation aso aso


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  • #448,311
  • Jan 29, 2017 11:45am Jan 29, 2017 11:45am
Quoting Mr Breakout
{quote} We humans love to buy things at a low price, it's our nature. However, in the Stock, futures and Forex market, betting against a downtrend is ALWAYS a bad idea. Sure there is always a retrace like you said, but that retrace could happen after another 1,000 pip drop or more, always keep that in mind. {quote} The average trader will see the cable chart and think that the upside potential is much much bigger than the downside potential. This thinking is extremely dangerous. Look again at the daily chart, do you at least...
no it isn't - its how i make my money
  • #448,312
  • Jan 29, 2017 11:47am Jan 29, 2017 11:47am
Quoting Mr Breakout
{quote} We humans love to buy things at a low price, it's our nature. However, in the Stock, futures and Forex market, betting against a downtrend is ALWAYS a bad idea. Sure there is always a retrace like you said, but that retrace could happen after another 1,000 pip drop or more, always keep that in mind. {quote} The average trader will see the cable chart and think that the upside potential is much much bigger than the downside potential. This thinking is extremely dangerous. Look again at the daily chart, do you at least see higher highs and...
you keep selling and ill look for buys..
  • #448,313
  • Jan 29, 2017 12:15pm Jan 29, 2017 12:15pm
Tomato / tomato

Potato / potato
  • #448,314
  • Jan 29, 2017 12:36pm Jan 29, 2017 12:36pm
Quoting Don96
{quote} no it isn't - its how i make my money
Look at the picture below, Mr Breakout made a 1000 pip profit on that 1500 pip up move just by following the trend (hypothetical example).

You, on the other hand, made a total of 200 pip profit shorting these two pullbacks (red circles), assuming of course you sold short at the EXACT right moment and closed the position at the exact right moment, an almost impossible feat.

Still thinking that betting against the trend is more profitable in the long run...?
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  • #448,315
  • Jan 29, 2017 12:39pm Jan 29, 2017 12:39pm
Quoting Mr Breakout
{quote} Look at the picture below, Mr Breakout made a 1000 pip profit on that 1500 pip up move just by following the trend (hypothetical example). You, on the other hand, made a total of 200 pip profit shorting these two pullbacks (red circles), assuming of course you sold short at the EXACT right moment and closed the position at the exact right moment, an almost impossible feat. Still thinking that betting against the trend is more profitable in the long run...? {image}
and someone else made more because they traded against the trend and picked the bottom... think about it mate......................................................


FOR EXAMPLE... i sold UJ at 124 and 117... then sold on pull back at 112 and 110... down to 105... i also went long at 99.5 and 100........ where did you stop selling UJ (hypothetically?) it dropped 1500...people told me not to buy as its going lower...

basically, it seems you haven't thought about it and have jumped on the back of a simple rule... 'trend is friend.... until bend in the end'
  • #448,316
  • Jan 29, 2017 12:42pm Jan 29, 2017 12:42pm
Quoting Don96
{quote} and someone else made more because they traded against the trend and picked the bottom... think about it mate......................................................
If you could pick tops and bottoms with ANY degree of accuracy you would be billionaires by now.
  • #448,317
  • Jan 29, 2017 12:43pm Jan 29, 2017 12:43pm
Quoting Mr Breakout
{quote} If you could pick tops and bottoms with ANY degree of accuracy you would be billionaires by now.
thats fine... i posted my entries... BEFORE they happen... i risk usually 5-20 pips max with target of 100+ depending on PA
its not about pips as a total, its about your RR - my win rate is low - lower than a lot of peoples... and risk % - i risk more than most...
  • #448,318
  • Edited 1:19pm Jan 29, 2017 12:56pm | Edited 1:19pm
Quoting Don96
{quote} thats fine... i posted my entries... BEFORE they happen... i risk usually 5-20 pips max with target of 100+ depending on PA its not about pips as a total, its about your RR - my win rate is low - lower than a lot of peoples...
All I am saying is that betting against the trend is a low probability trade. All you are doing basically it trying to pick tops and bottoms.

In the long run this idea does not pay because think about it for a second: during an uptrend there are thousands of price levels where the trend could indeed end and reverse (example $1.2200, 1.2201, 1.2202, 1.2203, 1.2204, 1.2205, ...., 1.3997, 1.3998, etc....).

And yet traders still believe that they somehow have the power to consistently predict which price level is the right one?!?

Trend-followers, on the other hand, do not spend their time (and money...) trying to guess when an uptrend/downtrend is about to begin, they just FOLLOW it, a much much much easier task.
  • #448,319
  • Jan 29, 2017 12:58pm Jan 29, 2017 12:58pm
Quoting Mr Breakout
{quote} All I am saying is that betting against the trend is a low probability trade. All you are doing basically it trying to pick and bottoms. In the long run this idea does not pay because think about for a second: during an uptrend there are thousands of price levels where the trend could indeed end and reverse (example $1.2200, 1.2201, 1.2202, 1.2203, 1.2204, 1.2205, etc....). And yet traders still believe that they somehow have the power to predict which one of these price levels is the right one?!? Trend-followers, on the other hand,...
you seem to have a very basic thinking on the idea

you need to open your mind and not be so shallow

i don't mean this in any way aggressive of offensively either by the way nor am i saying you should trade it, but you are implying I and others don't make money a in the long run...
#

trend followers also need to be aware of where the trend ends.... technically anyway, again this is not the case directly due to market conditions... just think about it
  • #448,320
  • Jan 29, 2017 1:03pm Jan 29, 2017 1:03pm
Quoting Don96
but you are implying I and others don't make money a in the long run...
I am not saying it is impossible to make money betting against the trade, it's just that trading this way is much much more difficult (your timing must be VERY VERY accurate or the trend will crush you in no time) and less profitable ($$$), in the long run.

But if you can do it good for you, there are thousands of ways to make money in the market.
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