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Cable Update (GBPUSD)

  • #296,781
  • Jan 5, 2012 4:11am Jan 5, 2012 4:11am
i take a brake!
lost 15 pips buying gu few minutes ago.
90% of traders use TA, indicators and prediction
  • #296,782
  • Jan 5, 2012 4:12am Jan 5, 2012 4:12am
Quoting _BBKing_
smells like a scam.
heavy sell near good services pmi release.
I think because of strong US$...
  • #296,783
  • Jan 5, 2012 4:15am Jan 5, 2012 4:15am
Rally attempts getting sold so far as price continues to slip...current near-term 4hr chart is below...just below the current Dailyy lo is Daily S2 and WP at 5530/32, Daily S3 is @ 5482 and Wkly S1 @ 5374.

G/L
Attached Image
ex member
  • #296,784
  • Jan 5, 2012 4:15am Jan 5, 2012 4:15am
Quoting PoundTrader
you think today is bad and it's gonna get worst today, i don't expect to see to many traders on monday
its one of those days where you think "ok, here it shows reversal in support, i buy" and next candle it fuck you.

then you think "ok, its going down, you wait a bit retrace and sell!" and next candle it jumps up and fuckyou again!!
90% of traders use TA, indicators and prediction
  • #296,785
  • Jan 5, 2012 4:16am Jan 5, 2012 4:16am
Quoting multi888
What is wrong with GBP/USD?

its not gbp its the euro..there looking to make a lot of money..notice when good news comes there news releases are very negative against euro..how can a recover happen when the news is so negative towards euro..

ooo but it will..its all staged

unless im on the wrong side oppseee
  • #296,786
  • Jan 5, 2012 4:16am Jan 5, 2012 4:16am
Quoting nAVIN2007
my 4hr closes in 1hr by this time the news will be released we gonna know then..everything tell then can be reversed.

what your doing thou..aint good bro..
Hey Nav, yeh I know it can look bad, but living in Aust and only doing this gig part time I can't follow news etc, it just confuses the crap out of me anyway. I got to follow my system otherwise I'm done with this game, I just don't have time or will to be discretionary. Having said this, I do have my zone limits and will put SL below there before going to bed. I don't even get to see the US session which really sucks. I don't trust my broker (go markets) at all, they are thieves and you will find plenty of my posts against them on FPA site dating from 2010 I think. Anyway, you are def. one of the good guys in a very dirty industry and I really appreciate and admire you concern for others and willingness to teach in what must be a trying time for you dude. I hope she climbs for both our sakes
Come with me if you want to live....
  • #296,787
  • Jan 5, 2012 4:16am Jan 5, 2012 4:16am
Quoting multi888
I think because of strong US$...
everything following european weakness....
90% of traders use TA, indicators and prediction
  • #296,788
  • Jan 5, 2012 4:18am Jan 5, 2012 4:18am
Hi my friend ... not scam cable was facing strong sell pressure in 4 hour chart since yesterday

Quoting _BBKing_
smells like a scam.
heavy sell near good services pmi release.
  • #296,789
  • Jan 5, 2012 4:20am Jan 5, 2012 4:20am
Quoting PoundTrader
telling some one it's ok to cancel your stop loss is crazy trading, it's days like this where you need s/l so you can trade another day
I have my zone limits dude
Come with me if you want to live....
  • #296,790
  • Jan 5, 2012 4:20am Jan 5, 2012 4:20am
Quoting _BBKing_
its one of those days where you think "ok, here it shows reversal in support, i buy" and next candle it fuck you.

then you think "ok, its going down, you wait a bit retrace and sell!" and next candle it jumps up and fuckyou again!!
thats so true, one of those days to sit out and not get caught doing that
  • #296,791
  • Jan 5, 2012 4:22am Jan 5, 2012 4:22am
Quoting Ill-b-back
Hey Nav, yeh I know it can look bad, but living in Aust and only doing this gig part time I can't follow news etc, it just confuses the crap out of me anyway. I got to follow my system otherwise I'm done with this game, I just don't have time or will to be discretionary. Having said this, I do have my zone limits and will put SL below there before going to bed. I don't even get to see the US session which really sucks. I don't trust my broker (go markets) at all, they are thieves and you will find plenty of my posts against them on FPA site dating...

thank u bro!! nice words
  • #296,792
  • Jan 5, 2012 4:26am Jan 5, 2012 4:26am
Quoting _BBKing_
its one of those days where you think "ok, here it shows reversal in support, i buy" and next candle it fuck you.

then you think "ok, its going down, you wait a bit retrace and sell!" and next candle it jumps up and fuckyou again!!

market is very tough to call..
seems pound trader again was right about that bloody top..the sum bitch didnt make a new high yesterday..this is the crazy thing with trading yesterday was a bearish dailly so today a new low was high on the cards

case of see the woods behind the trees or just the friggin trees
  • #296,793
  • Jan 5, 2012 4:27am Jan 5, 2012 4:27am
To the downside below current daily lo:

5532/30 Weekly Pivot @/around / Daily S2 @/around
5531-21 prev 4hr/1hr sw hi zone
5515/14 50% 5360-5669/76.4% 5466-5669
5496 85.4% 5466-5669
[ 5490-5482 prev minor 1hr sw lo zone incl 5482 = Daily S3 @/around
[ 5485-80 ascending 1hr trend line on this 1hr candle
5479 61.8% 5360-5669
5475-72-60 prev 4hr/1hr sw hi zone (non-immed)
5434 76.4% 5360-5669
5431-26 prev 1hr sw hi x 2
5410-5400 prev 1hr sw lo zone incl 5406 = 85.4% 5360-5669
[ 5395-78-60 prev Dly/4hr/1hr sw lo zone incl 5374 Weekly S1 @/around
[ 5375-65 ascending Daily/4hr trend line on this daily candle
5347 Monthly S1 @/around

G/L
ex member
  • #296,794
  • Jan 5, 2012 4:30am Jan 5, 2012 4:30am
there are opportunities on the lower sub 1hr t/f's...but on daily there is a definate opa range.

G/L

Quoting nAVIN2007
market is very tough to call..
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ex member
  • #296,795
  • Jan 5, 2012 4:31am Jan 5, 2012 4:31am
Quoting nAVIN2007
market is very tough to call..
im confuse
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  • #296,796
  • Jan 5, 2012 4:31am Jan 5, 2012 4:31am
Quoting ZeroCool
Hi my friend ... not scam cable was facing strong sell pressure in 4 hour chart since yesterday
ok true indeed i still have a small short running 5630.
matter is about the news release.
services pmi is a strong data and came out very good!
market waited that release to start heavier selloff.
sounds to me like a trick to hit stops!
90% of traders use TA, indicators and prediction
  • #296,797
  • Jan 5, 2012 4:32am Jan 5, 2012 4:32am
lol
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90% of traders use TA, indicators and prediction
  • #296,798
  • Jan 5, 2012 4:36am Jan 5, 2012 4:36am
On the lower t/f's there is no agonising about where the bottom is, each pullback is treated as that until pa on successively higher t/f's says otherwise and in the meantime the rallies can be sold as that is what the market is showing us it is doing ...if it really is the bottom a new uptrend will develop on the successively higher t/f's and may give a hi-probability opp to get involved - so what if we miss the bottom or come out of the long too early making the reasonable working assumption that it was a pullback..it keeps you safe !!

G/L
ex member
  • #296,799
  • Jan 5, 2012 4:36am Jan 5, 2012 4:36am
Quoting nAVIN2007
market is very tough to call..
seems pound trader again was right about that bloody top..the sum bitch didnt make a new high yesterday..this is the crazy thing with trading yesterday was a bearish dailly so today a new low was high on the cards

case of see the woods behind the trees or just the friggin trees
yes daily shown it!
oh well, better i wait a bit before my next position.
will try some scalps
90% of traders use TA, indicators and prediction
  • #296,800
  • Jan 5, 2012 4:37am Jan 5, 2012 4:37am
Quoting bbmac
On the lower t/f's there is no agonising about where the bottom is, each pullback is treated as that until pa on successively higher t/f's says otherwise and in the meantime the rallies can be sold as that is what the market is showing us it is doing ...if it really is the bottom a new uptrend will develop on the successively higher t/f's and may give a hi-probability opp to get involved - so what if we miss the bottom or come out of the long too early making the reasonable working assumption that it was a pullback..it keeps you safe !!...
90% of traders use TA, indicators and prediction
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