Cable Update (GBPUSD)

Most of you are brilliant pro traders, with many years of trading experience.
Everyone is great on its own way, if anybody is using your trade as a signal, good, empowers your direction! If they loose, risk is theirs. You are all too talented not to share, please continue

you know juanito? he is my friend btw, I learn a lot from him

Sell stop 20022!

Valutrades signal earlier was-
Sell Limit AUDUSD - Bearish - We look to Sell at 0.6880
We are trading at overbought extremes
This is negative for sentiment and the downtrend has potential to return
The hourly chart technicals suggests further upside before the downtrend returns
Preferred trade is to sell into rallies

Stop: 0.6925
Target 1: 0.675
Target 2: 0.668
Confidence: 80%

Look at the levels! Cross over 0.6925 longs will continue, but also where selling begins.

Their chart

scalp long

You could be Juan, i dont trust this place.

Well i wrote well explained in the previous explanation, but in this thread, you explained it better than any articles out there. So if ECB keep doing so, at the end, the chicken that gives golden eggs(GERMANY) might want its retirement, cause it would be fed up to keep supporting freeloaders, as they have been in crisis for a long period of time and are not ready to initiate some changes to carry their own responsibility.

So if Germany refuse to continue supporting the PIGS, the EU may fall apart; but before that happens, even if Germany refuses, ECB might need to find some remedials let say IMF or American Market of Arabs to fund/support the PIGS.

As you have mentioned, how long will this game last, nobody knows, but the consequences will be fatal. The fall of EU might seems a bit too dramatic, cause 'the rich' always find a way to save their arses and in that process, the poor becomes poorer while the rich stay rich and/or becomes richer.
Thanks once again bro, you took lots of your time and effort in writing this post and apologized for the late reply, was a hectic afternoon today

Reagrds
Fardeen

nope, long story my friend, he is a tourist in my country, the way of trading is also different, I'm not as greedy as him

Hhhhhh

facts

Sorry folks, for writing this rare serious post.

I hope no one read's this the wrong way. My humble 2 cents. About those "signals" out there, or any trade following.

I respect and see the good points of those favoring it, seeing it in a positive light, or not being concerned by it. But I myself have a very bad view of it, at least in the way that it is experienced most times on the web...

This is my own view based on witnessing the best and the worst of this signals world throughout the years.

Unless one can follow all trades during enough cycles/time necessary for the given strategy, AND with the risk management adapted to that strategy, mathematically, it is no better than gambling . I have seen many follow great traders and lose miserably because they have no knowledge of the greater picture. Trading other signals that are too correlated, leveraging blindly, jumping from one strategy to the next, and the list is quite long of the mistakes that can be done to cancel out whatever potential a strategy has.

And it saddened me too much over the years to see so many people finding out too late, and causing so much pain to themselves and their loved ones...

All that said, what one does with their money is none of my business so I respect it anyways. But just a friendly word of advice and things to consider.

My main advice is always: If you want to trade, not gamble, Put the time aside to learn to trade and expect it to be much more than imagined if to succeed consistently on the long-term.
Take the time to do the research, do the work necessary, leaving non stones unturned in regards to the strategy in question.
Know what is to be done no matter what happens, even the unlikeliest scenarios, to learn hard and practice hard, and prepare for a great struggle at all levels of your being, and continue till you have no more doubt of what you were doing, are doing, and will do, in the face of price movement.

Ok. Folks. Sorry for the messy post. Eating a late supper at the same time, some good shepherd's pie.
Was nice talking to you all and reading you. All posts I read gave me food for thought today, and that was really nice. I try to give back with the very little brain and experience I have. Thanks a lot everyone. Take good care now.

Gbpusd and Eurusd continue to hold my shorts

If UK CPi result tomorrow is higher than forecasted, with GDP +ve and Unemployment rate stay the same, a 50 bps BOE hike is possible at the next meeting, imo.
The trend still remain bearish for GU, but we might see a large retracement to 1.3 in GU?

As for tomorrow, higher CPI data, meaning GU depreciate heavily around 75- 90 pips, and retrace fully in the next 2hrs, cause next BOE rate hike is coming?

Gold trend continues down in my opinion

At last melt the ice, price breaks 1999, so next limit down last /something better than nothing for bull 1956, care level 1980/ 62

Tails never fails

Usdchf trend continues upwards in my opinion

It all depends on CPI number tommorow. However, based on my Daily chart we are still far away from trend reversal, however I do have a signal telling me that tommorow's candle will be GREEN. Let's see what the market will do in Sydney and Tokyo session. Might give us some clue. This whole 2 weeks will be crucial in my opinion.