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Cable Update (GBPUSD)

  • #297,641
  • Jan 12, 2012 10:45am Jan 12, 2012 10:45am
I'm seeing flat signals on all of my trades today.. all ranging.

Guessing there won't be much movement until tomorrow.. possibly next week we shall see a resuming of trends
  • #297,642
  • Jan 12, 2012 10:46am Jan 12, 2012 10:46am
Quoting TauTrader
F*ck - I like your attitude.

You may include me anytime you feel like doing so - I'm I big boy and can take crit - it actually motivates me.

The fact that you stuck to your position is awesome, as it indicates confiction-of-method. Something very important. I like...

I'm never against anyone - this is a place of sharing ideas and I will not call anyone as wrong - as they may see things in the charts I do not. My personal rule is this: One can get extremely passionate about a conviction - just do not get personal.

Anyway...
Yea, well im an aggressive trader and if i see some traders prolly a new guy coming up yelling signals without much analysis i go haywire at them cuz they can seriously mess some new traders up, also when i see new traders taking up positions with high risk low reward, i remind them maybe it aint a good idea, often providing analysis to go with it...

I hope im not aggressive to a point it gets personal, there is one trader in FF which i got pretty personal a while back... cloggie anyone?? As much as hes a pro, he was downright An arse...

Talking bout conviction... I just didnt see any reason why gbpusd went up this high today soo i realized its the big boys playing with the stop hunt... Looking at forexlive, i think i read somewhere there were some buystops above 5350 which got triggered now, part of the stop hunt games the big boys played...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,643
  • Jan 12, 2012 10:51am Jan 12, 2012 10:51am
Quoting Flatfish
Flat on cable today. Seems to be trying to form a base around here so as downward momentum is falling. No hurry to buy yet from me.
The overlay indi for mt4
hello was talking about you few posts ago.
was it you sharing some time ago a chart with both EU+GU prices printed in?
was it a photoshop thing or is it something automatic?
would be interesting to see it at actual levels to understand better the big move down in GU since EU unable to recover on its fundamentals....
90% of traders use TA, indicators and prediction
  • #297,644
  • Jan 12, 2012 10:52am Jan 12, 2012 10:52am
Quoting _BBKing_
400% of gdp?! uhm
is it real?
I know my fundies well and I can confirm they have it right.

It did make me think, £446 million a day?! Blimey. Never thought it was that much.
Probability Professor
  • #297,645
  • Jan 12, 2012 10:52am Jan 12, 2012 10:52am
Quoting bguguen
Yea, well im an aggressive trader and if i see some traders prolly a new guy coming up yelling signals without much analysis i go haywire at them cuz they can seriously mess some new traders up, also when i see new traders taking up positions with high risk low reward, i remind them maybe it aint a good idea, often providing analysis to go with it...

I hope im not aggressive to a point it gets personal, there is one trader in FF which i got pretty personal a while back... cloggie anyone?? As much as hes a pro, he was downright An arse...

Talking...
All good - where is your TP and SL?

Regards
  • #297,646
  • Jan 12, 2012 10:54am Jan 12, 2012 10:54am
GBPUSD – Forex trading crowds remain aggressively net-long the British Pound against the US Dollar, giving us contrarian signal that the pair may continue trading lower.

The ratio of long to short positions in the GBPUSD stands at 1.80 as nearly 64% of traders are long. Yesterday, the ratio was at 3.22 as 76% of open positions were long. In detail, long positions are 26.5% lower than yesterday and 32.7% weaker since last week. Short positions are 31.8% higher than yesterday and 4.9% weaker since last week.
It’s important to note that long positions have pulled back overnight, but the fact that traders remain aggressively net-long gives signal that the GBPUSD may continue lower.
  • #297,647
  • Jan 12, 2012 10:56am Jan 12, 2012 10:56am
Quoting TauTrader
All good - where is your TP and SL?

Regards
I've got 2 point of interest 5270 and 5100 but of course
5270 is the last support from a fib drawn from oct 20111 exactly where gbpusd bounced, also the reason i find todays move up a fake move simply because 5270 wasnt reached... 5270 has to be reached before a clear direction, anything before, we're just gona wait for it to approach there...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,648
  • Jan 12, 2012 10:57am Jan 12, 2012 10:57am
Quoting _BBKing_
hello was talking about you few posts ago.
was it you sharing some time ago a chart with both EU+GU prices printed in?
was it a photoshop thing or is it something automatic?
would be interesting to see it at actual levels to understand better the big move down in GU since EU unable to recover on its fundamentals....
The indicator I posted just add it to a chart and change which pair you want it to overlay.
  • #297,649
  • Jan 12, 2012 11:07am Jan 12, 2012 11:07am
Quoting bguguen
I've got 2 point of interest 5270 and 5100 but of course
5270 is the last support from a fib drawn from oct 20111 exactly where gbpusd bounced, also the reason i find todays move up a fake move simply because 5270 wasnt reached... 5270 has to be reached before a clear direction, anything before, we're just gona wait for it to approach there...
Good day.

Excellent. BTW - I'm short EU - so shorties fits me fine. We will however need one more retrace on GU - probably to 1.5370 or so in the short term to go to your TP.

See - both sides to score if in scalp mode.

Like your levels

Regards
  • #297,650
  • Jan 12, 2012 11:18am Jan 12, 2012 11:18am
daily close above 5310 and we should be ok for some more correction upwards before the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 111 KB
Hero calls followed by margin calls...
  • #297,651
  • Jan 12, 2012 11:23am Jan 12, 2012 11:23am
Quoting PhAnTi'
daily close above 5310 and we should be ok for some more correction upwards before the weekend.

Attachment
i also think!
im not yet buying it but ready to do!
90% of traders use TA, indicators and prediction
  • #297,652
  • Jan 12, 2012 11:29am Jan 12, 2012 11:29am
Quoting Flatfish
The indicator I posted just add it to a chart and change which pair you want it to overlay.
thank you very much!
this confirm what i was thinking today morning:

GBP follow EURO with a bit late. i mean... in recent sessions!
amazing!!
Attached Image (click to enlarge)
Click to Enlarge Name: pfff.jpg Size: 90 KB
90% of traders use TA, indicators and prediction
  • #297,653
  • Edited 11:37am Jan 12, 2012 11:31am | Edited 11:37am
Quoting Galation
I know my fundies well and I can confirm they have it right.

It did make me think, £446 million a day?! Blimey. Never thought it was that much.
yes!
interesting also the *** one.
lol

edit: ***german's one
90% of traders use TA, indicators and prediction
  • #297,654
  • Jan 12, 2012 11:37am Jan 12, 2012 11:37am
Quoting _BBKing_
i also think!
im not yet buying it but ready to do!
im long 5380 tg
Hero calls followed by margin calls...
  • #297,655
  • Jan 12, 2012 11:45am Jan 12, 2012 11:45am
Quoting Fudomyo
GU definitely has a mind of it's own, and both hit their own key levels, but they often line up this week about when they do it.

It's not an exact correlation, more like an interesting slightly off sync dance depending on the TF your watching once you get into the rhythm of it.

hard to explain really, but if you look at the daily, they move different distances, but follow a complimentary pattern.

so on the 1H, if EU is making a significant touch GU will often stop in tangent even if it's not near an important level. (like the drop in...
All systems of divination, like music itself,work through patterns.
  • #297,656
  • Jan 12, 2012 11:46am Jan 12, 2012 11:46am
Quoting _BBKing_
yes!
interesting also the *** one.
lol

edit: ***german's one
I know. For those who haven't seen:

http://www.zerohedge.com/news/uk-deb...-you-need-know
( Borrow Money )
Probability Professor
  • #297,657
  • Jan 12, 2012 12:05pm Jan 12, 2012 12:05pm
good day,

Looks like I will have to take the pains on EU in the short term... GU looking for fuel. Upside potential still there.

All good - it means a sale is on the go. And I thought chrismas was over..

See tomorrow

Regards
Attached Image
  • #297,658
  • Jan 12, 2012 12:16pm Jan 12, 2012 12:16pm
Quoting TauTrader
good day,

Looks like I will have to take the pains on EU in the short term... GU looking for fuel. Upside potential still there.

All good - it means a sale is on the go. And I thought chrismas was over..

See tomorrow

Regards

nice picture!
90% of traders use TA, indicators and prediction
  • #297,659
  • Edited 12:32pm Jan 12, 2012 12:16pm | Edited 12:32pm
No easy failure they want to , usdx again to support to test , 200sma H1 tf , more space there though before any failure mode 79.50 breaks .eu,gu on assault but next limit 2853 & 5376 intact so far . may to wait for more perhaps to have things done for a good set up work fast .


anyway usdx at good place to bounce back with impulse up & trying best so far .failure may cause more turmoils though . keeping scalping short till it will work & keep for next day , specially eu now . No opposite thinking yet . usdx bull intact & very ok yet .gold break out at 1644 if now with next 1633,28 towards 1604 breaks all give great bear down again IF .
lets see
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,660
  • Jan 12, 2012 12:21pm Jan 12, 2012 12:21pm
Quoting fontu
No easy failure they want to , usdx again to support to test , 200sma H1 tf , more space there though before any failure mode 79.50 breaks .eu,gu on assault but next limit 2853 & 5376 intact so far . may to wait for more perhaps to have things done for a good set up work fast .

anyway usdx at good place to bounce back with impulse up & trying best so far .failure may cause more turmoils though . lets see
fontu
think we can soon see 79.xx on usdx ?
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