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Cable Update (GBPUSD)

  • #270,341
  • Jan 28, 2011 7:00am Jan 28, 2011 7:00am
Quoting smilemiz
certainly... TauTrader

im in advance.. its already..

take a look
http://www.forexfactory.com/showpost...postcount=3942

It is a best entry point EVER.
n the fall is QUICK!

due to EMOTION DISTURB, i did not enter...
PITY,
Experienced a GreatLoST yesterday,
now headache Still...

Missout 2 Opportunities Today...
Stay Out of FOREX Today, but addicted n watching CHART.
I'm REALLY REALLY SICK
  • #270,342
  • Jan 28, 2011 7:02am Jan 28, 2011 7:02am
Quoting veer2010
Hi Tau,

Whats your take on todays GDP? usd rally or get hit?
Good day to you,

You are asking the wrong man. I have read your earier post too. Do not dispair. 95% of us have been there. It is going to take you a couple of years to sort this thing called forex out.

I am not a fundamentalist. I trade indicators. Lagging indicators - which all the purists have flamed for a long time. Like Dr.D, I believe that averages can be leading. These I trade. Losses are part of this business. Period. Any trader telling me he/she does not have these - I laugh.

I guess my message is this...

Are you comfortable in the system you have? If so, learn it. PATIENCE is a very important factor - probably the single most important. You will be amazed at how slow the market actually moves...( forget all the spikes and stuff). There is enough time. Take it easy. plan and execute.

The market moves deliberately in the intended direction. SLOWLY.

I hope you are OK and that you dig deep. It is not difficult. Only hard.

I wish you all success

Regards
  • #270,343
  • Jan 28, 2011 7:04am Jan 28, 2011 7:04am
Quoting veer2010
you mean before GDP release?
Good day to you,

News will be noise. the direction is set. I believe i have read it correctly, as to be short. If wrong, I just go onto the next.

So - yes, before the news

Regards and trade well
  • #270,344
  • Jan 28, 2011 7:06am Jan 28, 2011 7:06am
Quoting pilotui
Maybe this has something to do with it...

geitner speaks

Oh yeah...grashid......

Aussie_Pride
Member

Member Since May 2010
14 Posts

Quote:
Originally Posted by grashid...
ic...
  • #270,345
  • Jan 28, 2011 7:08am Jan 28, 2011 7:08am
Quoting Aussie_Pride
Hi Pilotui, thank you

Maybe Grashid should of humbly taken his own advice but change the word buy to sell

Anyway as it turned out though i did not get on Cable! I needed it fall just a litttle further to have a valid entry according to my trade rules....Had it been a few years back i would have jumped the gun easy. But as time goes buy and you learn a little discipline and patients you get to watch trades go by lol. I still have a EURCHF short trades running @ 1.2972 and 1.2995 and have just gone long EURAUD @ 1.3752. So i guess the...
ic......

p/s: barking 50-90pips bouncing is not my way....just watch what happen next.......good luck
  • #270,346
  • Jan 28, 2011 7:09am Jan 28, 2011 7:09am
Quoting TauTrader
Good day to you,

Short opportunity on AUDUSD. If interested.

I'm taking it.

Regards

May i know take profit should be?
i set 9955
  • #270,347
  • Jan 28, 2011 7:13am Jan 28, 2011 7:13am
Quoting TauTrader
Good day to you,

You are asking the wrong man. I have read your earier post too. Do not dispair. 95% of us have been there. It is going to take you a couple of years to sort this thing called forex out.

I am not a fundamentalist. I trade indicators. Lagging indicators - which all the purists have flamed for a long time. Like Dr.D, I believe that averages can be leading. These I trade. Losses are part of this business. Period. Any trader telling me he/she does not have these - I laugh.

I guess my message is this...

Are you comfortable in...
Thanks for your wishes Tau.. But, I have this very very bad feeling that GDP will be worse and market is already pricing in....I always have this weird feeling almost all the time recently when it comes to US data release... stressed..
  • #270,348
  • Edited 7:21am Jan 28, 2011 7:14am | Edited 7:21am
Quoting grashid
its only bullshit... sell all rallies still on...cheers

p/s: today close below 1.5850..that it....remember daily=weekly=min 250-300pips drop from 5950 area...
not sure..if some one still can't get this meaning.....like 2 dog barking in the jungle...
mm...wasted my time...chow

p/s: I think when i make my call, that 5950 is not yet each right?...mm
  • #270,349
  • Jan 28, 2011 7:19am Jan 28, 2011 7:19am
Quoting WengOn
May i know take profit should be?
i set 9955
Good day to you,

what you have done is a bad thing... just kidding

SL should be placed @ 1.0060

I personally will add one more position @ 0.9985 - if we retrace back

TP, at this stage, will be 0.9896 - so your TP is ok...

This will be a 2 day trade - you are going to have to carry this one over the week-end. If not your style, you may be in profit / or stopped out, by market close. You can then decide.

all the best

Regards
  • #270,350
  • Jan 28, 2011 7:25am Jan 28, 2011 7:25am
Quoting TauTrader
Good day to you,

what you have done is a bad thing... just kidding

SL should be placed @ 1.0060

I personally will add one more position @ 0.9985 - if we retrace back

TP, at this stage, will be 0.9896 - so your TP is ok...

This will be a 2 day trade - you are going to have to carry this one over the week-end. If not your style, you may be in profit / or stopped out, by market close. You can then decide.

all the best

Regards
Good day,

Forgot to add - i do not do refunds... but i do take 10% of your profit

Regards
  • #270,351
  • Jan 28, 2011 7:26am Jan 28, 2011 7:26am
What are traders toughts on GDP? Rounmers are it will be slightly better then Expectations.

How many pip could a GDP move the market right away ?
  • #270,352
  • Jan 28, 2011 7:27am Jan 28, 2011 7:27am
Quoting chazzle
...where so much misunderstanding on this forum comes from , unfortunately - understanding eachother's TF for trades .... probably a swing trade for G ... where would you sell the rally? How about WP? Nice rejection there so far and back under 15930/40 minor S/R
Thanks mate ..for some note..that is why i hated to post my view oeverhere...so many stupid mongkey where they tought they the only right n everybody is wrong...

this is the game where if we were right, we bank in some nice pips..otherwise we shold know what should we do...

anyway enjoy ur trade n take care....cheers
  • #270,353
  • Jan 28, 2011 7:33am Jan 28, 2011 7:33am
Quoting grashid
Thanks mate .
No probs - enjoy your posts , chow
  • #270,354
  • Jan 28, 2011 7:35am Jan 28, 2011 7:35am
Talk of US Downgrade within the next 2years, GDP worse then forecast, even tho some of the GDP are positiv, a overall bad number.
Risk off. Espacialy beeing so close to DJ 12k, s&p 1.3k.

And GBP having a very bad GDP. UK consumer confidence are worst in two decades.
Should be bearish for GU.

Any comments on my analysis?
  • #270,355
  • Jan 28, 2011 7:36am Jan 28, 2011 7:36am
I dont get it, all the news for the US data was bad, all of it, and now GBPUSD is going down? what gives?
  • #270,356
  • Jan 28, 2011 7:38am Jan 28, 2011 7:38am
Quoting veer2010
Thanks for your wishes Tau.. But, I have this very very bad feeling that GDP will be worse and market is already pricing in....I always have this weird feeling almost all the time recently when it comes to US data release... stressed..
Good day to you,

I understand.

If the release of data stresses you out, it might be a good idea to not be in any trades prior to release. Rather sit aside. the market is not going anywhere. Opportunities will come.

Regards to you
  • #270,357
  • Jan 28, 2011 7:38am Jan 28, 2011 7:38am
Quoting Exsilium
I dont get it, all the news for the US data was bad, all of it, and now GBPUSD is going down? what gives?
forex my friend, if it was that easy we all would be millionaires
  • #270,358
  • Jan 28, 2011 7:38am Jan 28, 2011 7:38am
Quoting Exsilium
I dont get it, all the news for the US data was bad, all of it, and now GBPUSD is going down? what gives?
Read my post over If you have any questions about it, feel free to ask!
  • #270,359
  • Edited 8:10am Jan 28, 2011 7:38am | Edited 8:10am
Quoting grashid
ic......

p/s: barking 50-90pips bouncing is not my way....just watch what happen next.......good luck
Grashid my friend lets not start this who has the biggest D!ck crap! I am not barking anything i didn't even get in the trade. We both have different methods of trading and i am not saying you don't know what your doing or anything like that. I don't know maybe took your first couple of posts wrong or something, it seemed to me like you were coming across as if you are this pro trader and placing yourself on a peddle stool and with a comment of "just watch what happens next" makes me think i may have been right. You are a bear and at this point in time i am a bull, so lets get over it and move on shall we.

Just out curiosity what is going to happen next??

Peace
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #270,360
  • Jan 28, 2011 7:40am Jan 28, 2011 7:40am
GBP looks jerky at moment downside for sure!! > target 5343 below
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