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cable short for gbpusd? 10 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Buy Stop Long 4 @ 1.60843 SL @ 1.61140 + 29.7 pips.
I heard that there is a euro/gbp buying for some hedge funds in 5 minutes from now.. this can bring sterling down a bit..
Quoting veer2010
I heard that there is a euro/gbp buying for some hedge funds in 5 minutes from now.. this can bring sterling down a bit..
Stering had one of its best PMI since 1992.
This increases the asumptioun of a rate hike.
Don`t do anything stupid
Quoting Exsilium
Buy Stop Long 4 @ 1.60843 SL @ 1.61140 + 29.7 pips.
So... Ive got an exposed short at 1.59089. The technicals seem to imply downward pressure. The problem is, the technicals have been worth .. squat. What the point of technical indicators if they are simply ignored so often.

As I write this ive got H1 and H4 RSI(14) over 70; M15 CCI over 100, H1 CCI over 200 and H4 CCI over 100; H1 Stoch hovering around 80 with H4 Stoch over 90 for well over 6 hours. Earlier there were obvious bearish divergences both in the M15 and H1. and now the MACD is showing signs of reversal across multiple TF. These are suppose to be FUNDAMENTAL technical indicators that seem to be worth absolutely nothing. Ive simply survived because Ive adopted a spread strategy, and while my balance is doing wonders, now above 50% for the month, my equity is barely breaks even. There have been times when my equity has been near my balance, but Ive been trading the signals as I see them which has been wrong more often than right.

I love the challenge, and its money I can "afford" to loose, but honestly... this is just stupid. One would think after doing this for 3 years I would have figured this out.
I suggest that traders shouldn't attempt to sell GU until 1.6326. It has broken out of a channel and would keep being bullish until 1.6326. Do have a nice trading day!
Exilisum, I sent you a PM before the news. Please read it. Thanks.
Sunsi,
" Stering had one of its best PMI since 1992.
This increases the asumptioun of a rate hike.
Don`t do anything stupid "

So I guess you are still Long on pound ,
after the events in Egypt ,M.East
I was expecting the USD going north sunday,
lets see how long the rally lasts on gbpusd.
Quoting sergen4
Sunsi,
" Stering had one of its best PMI since 1992.
This increases the asumptioun of a rate hike.
Don`t do anything stupid "

So I guess you are still Long on pound ,
after the events in Egypt ,M.East
I was expecting the USD going north sunday,
lets see how long the rally lasts on gbpusd.
What events? Are you talking about the protests?
Exsilium,

" ...What events? Are you talking about the protests? "


Yes, political events ,protests...
I have been watching CNBC too much maybe.
Usually when there is a political unrest, like former Korean crisis ,
USD gets stronger,
doesnot it ?
it's really need a bad guy to move it down..



some old trader says "enter at new candle" wew..,the fact is yesterday big money move at the end of month (before candle close),,, no wonder small money afraid to have position..,where SL should be???

if they already have much money why not let small money like us (me) to have a little income..,
I will be the number one Manager.
Quoting sergen4
Sunsi,
" Stering had one of its best PMI since 1992.
This increases the asumptioun of a rate hike.
Don`t do anything stupid "

So I guess you are still Long on pound ,
after the events in Egypt ,M.East
I was expecting the USD going north sunday,
lets see how long the rally lasts on gbpusd.
As long as this pair holds over 1.6030 I remain bullish. My Fisrt target point is 1.6170.
On the 15min and 30min timeframes.
Does anyone else see a bullflag forming?
Quoting Sunsi
On the 15min and 30min timeframes.
Does anyone else see a bullflag forming?
yes, you are right, but look at weekly chart - uper downslope trend line was touched


yes good setup for long, but not for me at this time because of TL.....
hi sunsi i saw it it is bull flag indeed
Quoting pipgame
yes, you are right, but look at weekly chart - uper downslope trend line was touched


yes good setup for long, but not for me at this time because of TL.....
I cant see the TL on weekly. From which point do you draw the TL ?
guys do you think doji in 1h means the market going to head up?
Attached Image (click to enlarge)
Click to Enlarge Name: doji.gif Size: 41 KB
Quoting yasi
guys do you think doji in 1h means the market going to head up?
It is a bullish indicator yes. But alone it is not enough to go long
Quoting Sunsi
I cant see the TL on weekly. From which point do you draw the TL ?
Attached Image (click to enlarge)
Click to Enlarge Name: gu w.gif Size: 31 KB
[quote=WengOn;4359228]He opened another position

16040 my fren losing USD2700 now total 4LOTS open, every single pip now USD40.

I AM SHAKING NOW, Total account USD 12K


Total 5Lot entry for this fren who onto Forex for3days, His account will experience Margin call if the price hit 16160.
I PRAY HARD, he dont experience margin call.

He treats FOREX as his own GAMBLING table.



Fibo 23.6 Never happened on to this TREND

i manually stop 2 transaction with total profit 34pips,
last transaction lost 50pips. Break out BURST me out!

I feel very tired, emotion attacked again...
i am still new to FOREX.
*Sigh*
Quoting pipgame
Thx
Would like this 1h close to close over 1.6017 to get some bulliush comfirmation.
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