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Cable Update (GBPUSD)

  • #297,421
  • Jan 11, 2012 10:38am Jan 11, 2012 10:38am
Quoting PoundTrader
i gave you a vouch bguguen
Cheers buddy, hopefully i earned it sincerely... i'll have to proof myself much more!
anyways about that last post where you said you pissed alot of people off??
well this is forex, as you win, there are always losers, as long as you strike a balance its okay....
unlike Goldman Sachs... the rich 1% who controls 99% of the market WINS, that'll piss a lot of 99% who controls 0.99999999% of the market... lol
be proud you are winning as the minority of the market, simply put, you might actually be screwing the banks
just blown stuff out of proportion here lol, but good for a laugh...

Anyways ive posted a chart saying where my target for GBPUSD is but im gona stay out once i take profit at 5270... i dont like the MACD in the daily chart...
Unless market breaks below 5270 and retrace back to 5270 ill load more shorts then... Short on pullback to 5270 when 5270 breaks... and MACD to show some strong bearish moves...
right now im worried bout the flat MACD.... as we approach 5270... since that is where we bounced hard... back in October 2011
We live in a finite world with infinite possibilities.
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  • #297,422
  • Jan 11, 2012 10:40am Jan 11, 2012 10:40am
Quoting Fudomyo
cheers mate. this looks like it could shape up to be a very interesting year.

all the best to you as well!
yea it will be an interesting year... but i hope it doesnt involve EURO disappearing... im having great fun with the EURO and i hope this currency could survive so i can still play on it... its been a cheesy currency to play... very rewarding...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,423
  • Jan 11, 2012 10:42am Jan 11, 2012 10:42am
I doubt it will go to 1.5270 today ...
Look at EUR/USD and AUD/USD... .it stop dropping and start to rebound
I'm hoping GPB/USD will do the same .... looking forward to 1.535
by the end of the day
  • #297,424
  • Jan 11, 2012 10:51am Jan 11, 2012 10:51am
Quoting aarontdang
I doubt it will go to 1.5270 today ...
Look at EUR/USD and AUD/USD... .it stop dropping and start to rebound
I'm hoping GPB/USD will do the same .... looking forward to 1.535
by the end of the day
I never said it'll reach 5270 today.... i plotted the fibs on a daily chart so trades are in the time frame of 3-2weeks dependent on the market direction/decisiveness...
and ill tell you now, 1.535 is possible but given the fact EURO is about to close.. you better hope the Americans with a STRONG USD will consider taking a bit of the profits for you to see a bit of a retracement you hoped for, but the daily is sincerely beat down, GBPUSD sliced through this STRONG support i had back in 5410, if GBPUSD gets back up there im considering loading more shorts...
Though MACD is flat... it still showed a bearish cross on the daily chart....
wish you all the best at 5350 i hope you are long with a tight stop or pending shorts on pullback...
until 5270 you shouldn't be looking for a long of 200-300 pip profits...
in fact if 5270 doesnt hold... 5200 maybe the place where some bullish action might kick in...

Daily chart Support so far 5410 (broken), 5270 Main Bearish 100% Red fib and 5200 interim bullish 161.8% Grey fib
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,425
  • Jan 11, 2012 10:53am Jan 11, 2012 10:53am
pa now though at tl support one , breaks 5300 may not stop 5288 support & may take refuge at next 5240 before the bounce towards 5365 limit & down down continue if .now limit goes to 5339 for bear .hope not that much though .

uj trying a sell off small to keep gold afloat for some time & likely as usdx to correct some or more to reach d turning point before further up . till then all may stagger arounds .

lets see .watching for if any next .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,426
  • Jan 11, 2012 10:56am Jan 11, 2012 10:56am
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90% of traders use TA, indicators and prediction
  • #297,427
  • Jan 11, 2012 11:01am Jan 11, 2012 11:01am
  • #297,428
  • Jan 11, 2012 11:02am Jan 11, 2012 11:02am
Quoting _BBKing_
LOL all the time....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,429
  • Jan 11, 2012 11:09am Jan 11, 2012 11:09am
2 day off.. 1 day work.. tomorrow might be a long break... i love doing this forex biznez... but if tomorrow make a good impact then it will be a good day to trade to..
  • #297,430
  • Jan 11, 2012 11:20am Jan 11, 2012 11:20am
Quoting aarontdang
I doubt it will go to 1.5270 today ...
Look at EUR/USD and AUD/USD... .it stop dropping and start to rebound
I'm hoping GPB/USD will do the same .... looking forward to 1.535
by the end of the day
I opened long @ 1.5327... however the selling pressure still persist, although not as fierce as previous. Another buy limit ordered @ 1.5272...

I hope gu will go north again soon. Keeping in these low is frustrating...

Btw, thanks for all tips and charts, learned a lot

Have a nice day! (night here)

donny
  • #297,431
  • Jan 11, 2012 11:32am Jan 11, 2012 11:32am
Good Day

Today GU Moves quite delicious
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If there was easy money lying around,no one would be forcing it into your
  • #297,432
  • Jan 11, 2012 11:42am Jan 11, 2012 11:42am
Quoting Donny_aw
I opened long @ 1.5327... however the selling pressure still persist, although not as fierce as previous. Another buy limit ordered @ 1.5272...

I hope gu will go north again soon. Keeping in these low is frustrating...

Btw, thanks for all tips and charts, learned a lot

Have a nice day! (night here)

donny
long?
be careful
price cleared that old weekly low and still trading below it without going back up.
5270 is on cards imo but there is actually nothing which can assure 1. that it will go 2. if price goes, that it will be good support.
imo longs are very far from actual scenario.(scalping excluded!)
but this is just my method, i always wait a confirmation in price before making a decision.
i lost too many times thinking the move was enough.

53 area is definetly a strong one but if is going broken....... we will consider soon these level as "ooooh, so high?"
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90% of traders use TA, indicators and prediction
  • #297,433
  • Jan 11, 2012 12:21pm Jan 11, 2012 12:21pm
Good day,

The Mr. Defines PA

Regards
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  • #297,434
  • Jan 11, 2012 12:23pm Jan 11, 2012 12:23pm
Quoting _BBKing_
whole day i said that i was doubting about 5360 to hold....
hopefully someone listened...
Short out 5323
Come with me if you want to live....
  • #297,435
  • Jan 11, 2012 12:25pm Jan 11, 2012 12:25pm
Im confused by some of these calendar results lately. Not just in this pair but some of the others also. In this case the example im going to use is GBP latest trade balance results. It clearly states on these calendars that a number greater than forecast should be positive and result in a somewhat positive reaction by traders. YET, when the number came out greater its listed in red instead of green AND there was a negative reaction in the markets. Same exact thing happened earlier in the week with Canada's building permit announcement. What am i missing with these?
  • #297,436
  • Jan 11, 2012 12:31pm Jan 11, 2012 12:31pm
Quoting shocfacter
Im confused by some of these calendar results lately. Not just in this pair but some of the others also. In this case the example im going to use is GBP latest trade balance results. It clearly states on these calendars that a number greater than forecast should be positive and result in a somewhat positive reaction by traders. YET, when the number came out greater its listed in red instead of green AND there was a negative reaction in the markets. Same exact thing happened earlier in the week with Canada's building permit announcement. What am...
Good day,

I personally do not give 1% of my time to the news - as (in my opinion) news events are only an excuse to execute moves. Triggers - nothing more.

I just stay out when big news events happen. Twitter seems to be a better indicator...

So - can not answer

Regards
  • #297,437
  • Jan 11, 2012 12:40pm Jan 11, 2012 12:40pm
Quoting TauTrader
Good day,

I personally do not give 1% of my time to the news - as (in my opinion) news events are only an excuse to execute moves. Triggers - nothing more.

I just stay out when big news events happen. Twitter seems to be a better indicator...

So - can not answer

Regards
Yes but wouldnt it have been nice to catch some of that 175-ish pip move down? I mean I personally dont care what moves pairs, as long as they move. I missed this move today partially because of my own dumb fault however. I read the time wrong on the Calendar. Forgot to check and make sure my time zone was synced up lol.
  • #297,438
  • Jan 11, 2012 12:42pm Jan 11, 2012 12:42pm
  • #297,439
  • Jan 11, 2012 12:46pm Jan 11, 2012 12:46pm
Quoting shocfacter
Yes but wouldnt it have been nice to catch some of that 175-ish pip move down? I mean I personally dont care what moves pairs, as long as they move. I missed this move today partially because of my own dumb fault however. I read the time wrong on the Calendar. Forgot to check and make sure my time zone was synced up lol.
Good day to you,

It was...

Good to keep an eye on the calendar - but only for timing. you will get many more opportunities - you know that...

I wish you all success

Regards
  • #297,440
  • Jan 11, 2012 12:50pm Jan 11, 2012 12:50pm
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