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Cable Update (GBPUSD)

  • #275,841
  • Apr 8, 2011 8:02am Apr 8, 2011 8:02am
I will stay out of it I don't trust it anymore.it took too long for the cross so I don't know anymore if it will brake 1.6385 level anymore
  • #275,842
  • Apr 8, 2011 8:03am Apr 8, 2011 8:03am
There's Two Traders.

Trader A, Tells trader B he's going long at 1.6300 t/p 100 pips, trader B tells trader A he's going short at 1.6300 t/p 400 pips, trader A t/p get hit for 100 pips, trader B is down 100 pips, trader A laughs at trader B, next 2 days trader B t/p get hit for 400 pips, trader B tells Trader A he sees the bigger picture
  • #275,843
  • Apr 8, 2011 8:03am Apr 8, 2011 8:03am
Quoting PoundTrader
you may be right i mabe wrong it all depends on your trading style.
Dont say i didnt warn you... as long as the budget matter is not solved GU is still Bullish in the long term
right now... the congress still cant make agreement, even if it did make an agreement would be based on a smaller spending cut, which would mean relying MORE on fed to print money to finance spending... sooo go figure, all this being talked on bloomberg right now.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #275,844
  • Apr 8, 2011 8:08am Apr 8, 2011 8:08am
Quoting Mrleeforex
I can't see the direction now , The Bull is fighting with the bear ,so currently it's a sideway , which side do you choose bull or bear ?
i don't see anything, im calling it a week, if you get to greedy it will bite you in the ass, over trading is the down fall to most traders
  • #275,845
  • Apr 8, 2011 8:09am Apr 8, 2011 8:09am
Quoting bguguen
Dont say i didnt warn you... as long as the budget matter is not solved GU is still Bullish in the long term
right now... the congress still cant make agreement, even if it did make an agreement would be based on a smaller spending cut, which would mean relying MORE on fed to print money to finance spending... sooo go figure, all this being talked on bloomberg right now.
somehow I just saw the direction that tells me Bull wants to control the game , It can be changed suddenly , but for now I have hedge all my position temporary. Until it hit my SL , one of my position will K.O automatically
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  • #275,846
  • Apr 8, 2011 8:09am Apr 8, 2011 8:09am
Quoting bguguen
Dont say i didnt warn you... as long as the budget matter is not solved GU is still Bullish in the long term
right now... the congress still cant make agreement, even if it did make an agreement would be based on a smaller spending cut, which would mean relying MORE on fed to print money to finance spending... sooo go figure, all this being talked on bloomberg right now.
  • #275,847
  • Apr 8, 2011 8:12am Apr 8, 2011 8:12am
Quoting Mrleeforex
I can't see the direction now , The Bull is fighting with the bear ,so currently it's a sideway , which side do you choose bull or bear ?
If u post ur chart & ur analysis I appreciate highlier. Before news PPI, u said up up up to 1.65. Then it retreated from great wall on daily chart u said down down, downtrend resumed - where is downtrend to be resumed?, then now no see trend.

I see nothing downtrend. D1 still in uptrend. I will see a downtrend if a reversal setup on D1. The best should trade what I see, not playing second-guess, or if not sure, let in silence to learn from lots great people here.
Sorry.
  • #275,848
  • Apr 8, 2011 8:12am Apr 8, 2011 8:12am
Quoting Mrleeforex
somehow I just saw the direction that tells me Bull wants to control the game , It can be changed suddenly , but for now I have hedge all my position temporary. Until it hit my SL , one of my position will K.O automatically
talk about the Bigger picture.... like someone so happily said... look at D1 Bull H4 Bull H1 Bull M30 Bull M15 still bull... M5 well nice retrancement from the bull move earlier today at asia market...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #275,849
  • Apr 8, 2011 8:14am Apr 8, 2011 8:14am
Quoting Exciter135
If u post ur chart & ur analysis I appreciate highlier. Before news PPI, u said up up up to 1.65. Then it retreated from great wall on daily chart u said down down, downtrend resumed - where is downtrend to be resumed?, then now no see trend.

I see nothing downtrend. D1 still in uptrend. I will see a downtrend if a reversal setup on D1. The best should trade what I see, not playing second-guess, or if not sure, let in silence to learn from lots great people here.
Sorry.
You dont understand, people in this thread ahem ahem dont know how to read chart and they talk about looking at the bigger picture... total bollocks...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #275,850
  • Apr 8, 2011 8:16am Apr 8, 2011 8:16am
Quoting redbeben
I will stay out of it I don't trust it anymore.it took too long for the cross so I don't know anymore if it will brake 1.6385 level anymore
If it closes at doji, with the amout of Volume it seems to be gettig, I see it smashig 1.6385, like you disscued earlier. Still Bullish for me... Just bear traps.
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  • #275,851
  • Apr 8, 2011 8:18am Apr 8, 2011 8:18am
Look at the Dollar Weakness across the board... EU UP again ... GU firms up a little, would do some research why so slowly up but still up... and UCHF collapse... so its definitely the DOLLAR as i explained today
as long as the matter of the Budget Talk doesnt get resolved the US economy is going to face a problem possible a hickup in the long term recovery in US economy...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #275,852
  • Apr 8, 2011 8:21am Apr 8, 2011 8:21am
Time 2 open up a bottle of champaign. 75k in profits this week .. going bullish on eu and gu
To Your Success!!
  • #275,853
  • Apr 8, 2011 8:24am Apr 8, 2011 8:24am
Quoting Shadip
If it closes at doji, with the amout of Volume it seems to be gettig, I see it smashig 1.6385, like you disscued earlier. Still Bullish for me... Just bear traps.

if it goes above 1.6385 there might be a chance to hit 1.6445 today .but as the image I see now is not what I saw before in the future cloud then i will just sit on my ass

if this cross happened earlier and the future cloud would've kept it's flat top then I would have jumped in for 1.6445 but in this case I prefer to sit and wait
  • #275,854
  • Apr 8, 2011 8:24am Apr 8, 2011 8:24am
Quoting ndsouz
Time 2 open up a bottle of champaign. 75k in profits this week .. going bullish on eu and gu
thank fu** you agree with bull <3
  • #275,855
  • Apr 8, 2011 8:26am Apr 8, 2011 8:26am
Quoting Exciter135
If u post ur chart & ur analysis I appreciate highlier. Before news PPI, u said up up up to 1.65. Then it retreated from great wall on daily chart u said down down, downtrend resumed - where is downtrend to be resumed?, then now no see trend.

I see nothing downtrend. D1 still in uptrend. I will see a downtrend if a reversal setup on D1. The best should trade what I see, not playing second-guess, or if not sure, let in silence to learn from lots great people here.
Sorry.
well , I comment based on the current timing , My Analysis is not based on any trendline. In summary I don't know how to explain but I can see the trend is moving , I saw the Bull during asia market , and I was correct , there was two hour reverse I assume you didn't notice that when GU from 16380 to around 16360 and Blaming me with the wrong signal that I have given just now.
and
when I was giving correct signal you never appreciate my comment at all

Thanks Man

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  • #275,856
  • Apr 8, 2011 8:27am Apr 8, 2011 8:27am
Okay guys the US economy is in a shitty situation...

heres why, i remain bullish on GU for next week, however next week intraday retracements would happen but still bullish over the week

keep buying on dips as long as this whole government shutdown is an issue... Government shutdown is a Lose Lose situation even if it doesnt happen...

If it happens: Halt in tourism, one of biggest factor in us economy
halt in Fed bank services to retail bank across US , and half ot loans out to private sector

If it doesnt happen: Effects even worse... because that means the republican has reduces its demand in government spending of 60 bln to 30 something bln that would mean the economy would continue to be reliant on the democratic economy/ interventionist economy to COntinue to PRINT money to further finance government spending and government borrowing...

So its a lose lose situation... USD to me is a FULL down today with NO sign of retracement because this is absolutely bad new in government shutdown... Lose lose situation... You want USD to drop now and government shutdown to actually Happen than to see an Agreement pass and watching USD drop to 60 when the democratic government they need to spend more money hence they will print more dollars...

I hope this helps, anyways im off to dinner definitely...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #275,857
  • Apr 8, 2011 8:28am Apr 8, 2011 8:28am
Quoting redbeben
if it goes above 1.6385 there might be a chance to hit 1.6445 today .but as the image I see now is not what I saw before in the future cloud then i will just sit on my ass

if this cross happened earlier and the future cloud would've kept it's flat top then I would have jumped in for 1.6445 but in this case I prefer to sit and wait
True, too late to buy, R:R much worse, i'll buy at this 4H low, tight stop, the background says buy, the Fundie say buy...
  • #275,858
  • Apr 8, 2011 8:28am Apr 8, 2011 8:28am
Quoting bguguen
Look at the Dollar Weakness across the board... EU UP again ... GU firms up a little, would do some research why so slowly up but still up... and UCHF collapse... so its definitely the DOLLAR as i explained today
as long as the matter of the Budget Talk doesnt get resolved the US economy is going to face a problem possible a hickup in the long term recovery in US economy...
I'm a little concerned now as my account base currency is in USD
To Your Success!!
  • #275,859
  • Apr 8, 2011 8:30am Apr 8, 2011 8:30am
As if it broke while i was writig FML
  • #275,860
  • Apr 8, 2011 8:31am Apr 8, 2011 8:31am
Quoting ndsouz
I'm a little concerned now as my account base currency is in USD
Mee too
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