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Cable Update (GBPUSD)

  • #293,461
  • Nov 30, 2011 3:12am Nov 30, 2011 3:12am
Quoting wormboy
So what do you use
I watch the banks move the price thru a time cycle...I post certain trades in my signature..entry/tp and sl. They can be watched to see if I'm correct...if I wasn't I wouldn't post them..obviously.
entry - 1.29250 s/l 200 pips
  • #293,462
  • Nov 30, 2011 3:13am Nov 30, 2011 3:13am
I don't quite understand why people are buying cable right now when price had clearly broke support pre lo after hovering at 5586 level overnight. And don't tell me they're just scalps because some of you are posting long term targets. I/d bias is atm is mixed bearish as price is sandwiched between 5585 & 5516 which is the monthly pivot support. If anyone was to scalp this the only position that would've make sense is sell, for obvious reasons. 5585 is now the ceiling, atm it is not bullish.

Long term bias remains bearish.
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Thank You
  • #293,463
  • Nov 30, 2011 3:16am Nov 30, 2011 3:16am
Quoting normfx
I watch the banks move the price thru a time cycle...I post certain trades in my signature..entry/tp and sl. They can be watched to see if I'm correct...if I wasn't I wouldn't post them..obviously.
No, I think you just chat shit.
Thank You
  • #293,464
  • Nov 30, 2011 3:19am Nov 30, 2011 3:19am
Quoting wormboy
I don't quite understand why people are buying cable right now when price had clearly broke support pre lo after hovering at 5586 level overnight. And don't tell me they're just scalps because some of you are posting long term targets. I/d bias is atm is mixed bearish as price is sandwiched between 5585 & 5516 which is the monthly pivot support. If anyone was to scalp this the only position that would've make sense is sell, for obvious reasons. 5585 is now the ceiling, atm it is not bullish.

Long term bias remains bearish.
Your chart appears to be showing higher highs and higher lows..wouldn't that be bullish short term?
entry - 1.29250 s/l 200 pips
  • #293,465
  • Nov 30, 2011 3:21am Nov 30, 2011 3:21am
Quoting wormboy
I don't quite understand why people are buying cable right now when price had clearly broke support pre lo after hovering at 5586 level overnight. And don't tell me they're just scalps because some of you are posting long term targets. I/d bias is atm is mixed bearish as price is sandwiched between 5585 & 5516 which is the monthly pivot support. If anyone was to scalp this the only position that would've make sense is sell, for obvious reasons. 5585 is now the ceiling, atm it is not bullish.

Long term bias remains bearish.
I'm not sure if you know why we traders are such a grumpy bunch of characters. It's bad enough enduring drawdown without cocky half wits like you telling me I'm in the wrong direction.
Gone to a better place
  • #293,466
  • Nov 30, 2011 3:22am Nov 30, 2011 3:22am
scaping, entered long at 1.55443.
  • #293,467
  • Nov 30, 2011 3:23am Nov 30, 2011 3:23am
Quoting normfx
Your chart appears to be showing higher highs and higher lows..wouldn't that be bullish short term?
Quoting wormboy
I don't quite understand why people are buying cable right now when price had clearly broke support pre lo after hovering at 5586 level overnight. And don't tell me they're just scalps because some of you are posting long term targets. I/d bias is atm is mixed bearish as price is sandwiched between 5585 & 5516 which is the monthly pivot support. If anyone was to scalp this the only position that would've make sense is sell, for obvious reasons. 5585 is now the ceiling, atm it is not bullish.

Long term bias remains bearish....
I said intraday bias. You see any higher high since the open?
Thank You
  • #293,468
  • Nov 30, 2011 3:24am Nov 30, 2011 3:24am
Quoting wormboy
No, I think you just chat shit.
tell how u feel bro..dont hold back will yah
  • #293,469
  • Nov 30, 2011 3:24am Nov 30, 2011 3:24am
Quoting wormboy
No, I think you just chat shit.
looks like you need to be ignored..have a nice life.
entry - 1.29250 s/l 200 pips
  • #293,470
  • Nov 30, 2011 3:26am Nov 30, 2011 3:26am
Quoting smikester
I'm not sure if you know why we traders are such a grumpy bunch of characters. It's bad enough enduring drawdown without cocky half wits like you telling me I'm in the wrong direction.
Better than the bank watching cocky halfwits posting targets, not answering why he thinks 1:3 p/l ratio is high probability trading.
Thank You
  • #293,471
  • Nov 30, 2011 3:26am Nov 30, 2011 3:26am
why do you have to insult people all the time?

give it a rest! you aint perfect, so don't try to pretend to be!

Quoting wormboy
No, I think you just chat shit.
  • #293,472
  • Nov 30, 2011 3:29am Nov 30, 2011 3:29am
Quoting normfx
looks like you need to be ignored..have a nice life.

You are ignoring a guy who has taken an account to 7 figures and I am not talking demo either. Typical noobie behaviour there Normie.

That's one way of soring out the contrarians to your trading, hang with the muppets, safety in numbers.
  • #293,473
  • Nov 30, 2011 3:30am Nov 30, 2011 3:30am
Quoting SystemFX2011
why do you have to insult people all the time?

give it a rest! you aint perfect, so don't try to pretend to be!

Nothing insulting about pointing out the idiots, I do it all day long.
  • #293,474
  • Nov 30, 2011 3:32am Nov 30, 2011 3:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Ever heard of futures?

forex market is 24*7 for banks as they provide liquidity to companies, brokers and hedge funds and smaller banks too.

Anything can cause gaps, news or change in sentiment or manipulation (my favourite) , many investors might place buy or sell orders for the next day via futures or spot price. This could result in the price opening higher or lower than the previous day's close.

It's simple if there are no bidders or more bidders for price on offer, we will have a gap.

ta
ams



Quoting normfx
May I ask you a question..do you know why gaps are created and even more, why they are filled? Anyone care to answer?
  • #293,475
  • Nov 30, 2011 3:32am Nov 30, 2011 3:32am
Quoting wormboy
I don't quite understand why people are buying cable right now when price had clearly broke support pre lo after hovering at 5586 level overnight. And don't tell me they're just scalps because some of you are posting long term targets. I/d bias is atm is mixed bearish as price is sandwiched between 5585 & 5516 which is the monthly pivot support. If anyone was to scalp this the only position that would've make sense is sell, for obvious reasons. 5585 is now the ceiling, atm it is not bullish.

Long term bias remains bearish.
hey bro,

long time.. how you been? totally agree with long term bias! hows the bike? any more new ones?
"Millionaires don't use astrology, billionaires do"
  • #293,476
  • Nov 30, 2011 3:32am Nov 30, 2011 3:32am
Quoting cloggie
Nothing insulting about pointing out the idiots, I do it all day long.
Oh, hello Cloggie. I was wondering when this thread would catch fire...
Gone to a better place
  • #293,477
  • Nov 30, 2011 3:32am Nov 30, 2011 3:32am
Quoting SystemFX2011
why do you have to insult people all the time?

give it a rest! you aint perfect, so don't try to pretend to be!
System, check your private messages.
entry - 1.29250 s/l 200 pips
  • #293,478
  • Nov 30, 2011 3:33am Nov 30, 2011 3:33am
Quoting smikester
Oh, hello Cloggie. I was wondering when this thread would catch fire...

Nah, just adding a bit more kindling....

I am very happy in the EU thread, muppets and idiots galore, like shooting fish in a barrel.
  • #293,479
  • Nov 30, 2011 3:35am Nov 30, 2011 3:35am
Quoting cloggie
You are ignoring a guy who has taken an account to 7 figures and I am not talking demo either. Typical noobie behaviour there Normie.

That's one way of soring out the contrarians to your trading, hang with the muppets, safety in numbers.
It doesn't matter what He's done or what you have done..but thanks anyways.
entry - 1.29250 s/l 200 pips
  • #293,480
  • Nov 30, 2011 3:35am Nov 30, 2011 3:35am
Quoting SystemFX2011
why do you have to insult people all the time?

give it a rest! you aint perfect, so don't try to pretend to be!
to him being short is the way to go..he just expressing his view/bias, it is appearing to be a downtrend where it can continue down.monthly is bearish so is weekly..

look at his comment for what it is..just a way to inform people u might be going the wrong way..and ask for justification..it isnt personal, if he didnt care he wont post, he would allow people to sink

theres more reason to short than long aprt fro yesterday dailly being bullish is the friggin only thing
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