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Cable Update (GBPUSD)

  • #259,581
  • Oct 8, 2010 12:53am Oct 8, 2010 12:53am
Quoting bbakker


Have a great day trading Wormie and enjoy the weekend!
take care brian
Thank You
  • #259,582
  • Oct 8, 2010 12:54am Oct 8, 2010 12:54am
Quoting wormboy
yes it does, almost everyday.

the thing is tho, this can be marked down and kill the hopefull longs before making a final u turn at or after the nfp later.

p/s : when I say hopeful longs, I meant weak longs. If you're holding your trade from way down, you shouldn't be arsed, but if you're not, best to have an exit plan penned down.
Good luck
Thanks, Wormie! Can't see any reason to enter a long position just now.
  • #259,583
  • Oct 8, 2010 12:55am Oct 8, 2010 12:55am
Quoting bbakker
My sentiment is bearish today until we find demand at the 1.57 area or lower at the 1.55 area due to the daily candlestick. Saying that I am not trading today because of NFP... to much whipsaw for my liking.

Why so much whipsaw? Because the smart money has left the market leaving the retailers to lose their shirts... lol

I wish you success with your trading.

Hi Brian

Can you tell me how you calculate those target numbers from the daily charts? Must be being a bit blonde today...!
  • #259,584
  • Oct 8, 2010 12:57am Oct 8, 2010 12:57am
Quoting PhAnTi'
m2....5.0 lot : p
sl hit
Hero calls followed by margin calls...
  • #259,585
  • Oct 8, 2010 12:58am Oct 8, 2010 12:58am
Quoting Delite
Thanks, Wormie! Can't see any reason to enter a long position just now.
you're welcome

808 is the W1 pvp. We had closed every single day since Monday above it. So it won't go easily. Nice r:r to counter if you're gutsy
Thank You
  • #259,586
  • Oct 8, 2010 1:06am Oct 8, 2010 1:06am
Quoting wormboy
you're welcome

808 is the W1 pvp. We had closed every single day since Monday above it. So it won't go easily. Nice r:r to counter if you're gutsy
also the ltf is beginning to diverge. just a thought.
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Thank You
  • #259,587
  • Oct 8, 2010 1:10am Oct 8, 2010 1:10am
USD bullish
GBP bearish
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" Never let the past hold the future to ransom "
  • #259,588
  • Oct 8, 2010 1:12am Oct 8, 2010 1:12am
Recovery attempts off 5833 lo get smacked down from 5855 pullback Hi (5min) to a new lo just below yesterday's lo @ 38.2% 5503-6018...Critical area here near-term I would suggest because it's right at base of that previous daily swing hi zone = potential rbs and the daily steepest ascending trend line....any break below could open up more downside ??..But of coursed it is NFP day. Uk data at 0930 London.

G/L
ex member
  • #259,589
  • Oct 8, 2010 1:14am Oct 8, 2010 1:14am
+48

I see no longs to trade so in self defence I trade short
I prefer to be consistently average rather than be occasionally brilliant.

Have a great weekend all , I am cashing in and taking a long weekend , no NFP for me.

Good luck with the trades.
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" Never let the past hold the future to ransom "
  • #259,590
  • Oct 8, 2010 1:18am Oct 8, 2010 1:18am
Quoting wormboy
also the ltf is beginning to diverge. just a thought.
usd forming a broadening traingle as well..might turn into a diamond, quite likely till nf
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  • #259,591
  • Oct 8, 2010 1:20am Oct 8, 2010 1:20am
Quoting Gleneagles
+48

I see no longs to trade so in self defence I trade short
I prefer to be consistently average rather than be occasionally brilliant.

Have a great weekend all , I am cashing in and taking a long weekend , no NFP for me.

Good luck with the trades.
I agree with your hypothesis, but other than that, what is the piont of this post, it tells us your pip score today and well done but so what?..there is no info that is useful, ie what methodology you employed etc,.. I do get sick of these folk that call late or worse just announce their pip scores...So fecking what...either share our ideas or keep the boasts to ourselves.

G/L
ex member
  • #259,592
  • Oct 8, 2010 1:20am Oct 8, 2010 1:20am
.
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not euphoria follower
  • #259,593
  • Oct 8, 2010 1:22am Oct 8, 2010 1:22am
Quoting iqyu5an
.
another fecking useless post, cause unless you explain the table (sone of it appears self explanatory i will admit) it is worth %&*! all as a contribution..
ex member
  • #259,594
  • Oct 8, 2010 1:25am Oct 8, 2010 1:25am
it seems if H1 closed below 800 it will be a massive sell off
Verily, in every difficulties there is relief
  • #259,595
  • Oct 8, 2010 1:25am Oct 8, 2010 1:25am
Quoting bbmac
another fecking useless post, cause unless you explain the table (sone of it appears self explanatory i will admit) it is worth %&*! all as a contribution..
keep easy and just ignore posts u don't want to see....this is a gu thread and everything thta has to do with gu may be posted here....

happy trading
Hero calls followed by margin calls...
  • #259,596
  • Oct 8, 2010 1:27am Oct 8, 2010 1:27am
Since there's no one to amuse me I'll amuse myself.

Good news. Spike down to 15820 and rise back up to DP.
  • #259,597
  • Oct 8, 2010 1:29am Oct 8, 2010 1:29am
take an easy bro.

menu is just menu....


happy friday trading .....


Quoting bbmac
another fecking useless post, cause unless you explain the table (sone of it appears self explanatory i will admit) it is worth %&*! all as a contribution..
not euphoria follower
  • #259,598
  • Oct 8, 2010 1:30am Oct 8, 2010 1:30am
Quoting bbmac
another fecking useless post, cause unless you explain the table (sone of it appears self explanatory i will admit) it is worth %&*! all as a contribution..
lol bbmac, had a bad night?
Don't be a hero. Don't have an ego. Always question yourself
  • #259,599
  • Oct 8, 2010 1:32am Oct 8, 2010 1:32am
Quoting PhAnTi'
keep easy and just ignore posts u don't want to see....this is a gu thread and everything thta has to do with gu may be posted here....

happy trading

Thanks for the advice (!) I'm just trying to up the quality, there is enough Bullsh1t here already and as a place for newbies, how do you think these constant boasts make trhem feel,? ie every one is making squillions of pips but me?...until of course they like the more experienced ones realise that it is mostly all bullsh1t-they are not !!!

---------------------

anyways, back to cable knee-jerk reaction to 0930am Uk data makes that lo look stronger !? lol...is it flattering to decieve though ??
ex member
  • #259,600
  • Oct 8, 2010 1:33am Oct 8, 2010 1:33am
Quoting bbmac
I agree with your hypothesis, but other than that, what is the piont of this post, it tells us your pip score today and well done but so what?..there is no info that is useful, ie what methodology you employed etc,.. I do get sick of these folk that call late or worse just announce their pip scores...So fecking what...either share our ideas or keep the boasts to ourselves.

G/L
There is plenty to be learned from his posts. You can see the candle patterns he trades for small gains. He keeps it simple and seems to be consistant.
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