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Cable Update (GBPUSD)

  • #303,181
  • Mar 12, 2012 4:06am Mar 12, 2012 4:06am
Quoting UbuFamily
Oh no... not again...consolidation moment..

u must have depth in your charts to see what is going on....
I don't trust any move - when you have profit...take it.
  • #303,182
  • Mar 12, 2012 4:10am Mar 12, 2012 4:10am
Quoting Faller
u must have depth in your charts to see what is going on....

More like Monday Morning lack of liquidity dead market is what i see.... Typical Monday... might as well retrace up a bit so i can short it when liquidity picks up... risk aversion all the way friends lets hope ben bernanke aint talking this week either...
yawn... might as well get back in the bed... too bad i got class today
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,183
  • Mar 12, 2012 4:18am Mar 12, 2012 4:18am
Quoting bguguen

More like Monday Morning lack of liquidity dead market is what i see.... Typical Monday... might as well retrace up a bit so i can short it when liquidity picks up... risk aversion all the way friends lets hope ben bernanke aint talking this week either...
yawn... might as well get back in the bed... too bad i got class today

don't be so quick to call it a day......look at my past posts....
I don't trust any move - when you have profit...take it.
  • #303,184
  • Mar 12, 2012 4:22am Mar 12, 2012 4:22am
Quoting Faller
all good baby!

ok....long 1.5667 looking for a 30 pip move up to around 1.57....stop loss just below critical support of 1.5642ish.....let me know how it works out!!!!!

Nice Fakking Call Faller......how da Fak did u know dis bitch wuz gonna do dat?????
I don't trust any move - when you have profit...take it.
  • #303,185
  • Mar 12, 2012 4:23am Mar 12, 2012 4:23am
Quoting Faller
don't be so quick to call it a day......look at my past posts....
true but as i said... today's pretty drab if theres any movement at all it would be a movement to the upside with absolutely no fundamental support... as soon as it finds resistance near a fib line, i may consider shorting it on both EURUSD and GBPUSD...
potential short on EURUSD 1.32/1.3150 and GBPUSD 1.5700
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,186
  • Mar 12, 2012 4:26am Mar 12, 2012 4:26am
Quoting bguguen
Good morning fellas, cooled off from last week's massive arguments...

anyways woke up to see things are still on track for a fall... Greek Debt Swap is still in investor's sight as something bearish since it only reduces debt to gdp to 120%, still at unsustainable level...

GBP is also getting a hit today on the news... Mervyn King (BOE) vs all other UK retail bank.... we got a banking war right now in London, with Banks blaming their inability to restructure thier business as a fault of Mervyn King's Lack of support...
we'll see how...
I mean your post..U said gbp is getting a hit today..but no newsfeed in this FF..
I trade to live
  • #303,187
  • Mar 12, 2012 4:27am Mar 12, 2012 4:27am
Quoting bguguen
true but as i said... today's pretty drab if theres any movement at all it would be a movement to the upside with absolutely no fundamental support... as soon as it finds resistance near a fib line, i may consider shorting it on both EURUSD and GBPUSD...

I don't trust any move - when you have profit...take it.
  • #303,188
  • Mar 12, 2012 4:29am Mar 12, 2012 4:29am
Quoting Faller
u must have depth in your charts to see what is going on....
I said that because previosly the past candles price got stuck around 5660-5670..now seems it retracing up..could be 5700 like u said..
I trade to live
  • #303,189
  • Mar 12, 2012 4:30am Mar 12, 2012 4:30am
Quoting UbuFamily
I mean your post..U said gbp is getting a hit today..but no newsfeed in this FF..
Its an article on Reuters...
http://www.reuters.com/article/2012/...8EB36D20120312

This stuff doesnt come in ForexFactory because the news feed here in ForexFactory is either RUBBISH or Heavily Data Release Reliant...
Thats probably why Noobs think the GBP is not as weak as the EURO...
Dont just rely on ForexFactor for news... read newspapers, reuters, bloomberg and other feeds...
But it seems like UK is not as tough as people here say they are...
Seems like a banking war is about to start between the private sector banks and the BOE... lets see whos gona prevail...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,190
  • Mar 12, 2012 4:30am Mar 12, 2012 4:30am
Quoting UbuFamily
I said that because previosly the past candles price got stuck around 5660-5670..now seems it retracing up..could be 5700 like u said..

all good my friend.....
I don't trust any move - when you have profit...take it.
  • #303,191
  • Mar 12, 2012 4:32am Mar 12, 2012 4:32am
Quoting yoshitsune
long @ 1.5664 TP @ 1.5695... hope it will hit my TP today...
TP target hit @ 1.5695...good trade and I'm relieved...
  • #303,192
  • Mar 12, 2012 4:32am Mar 12, 2012 4:32am
Quoting Faller

lol..pretty creative u reply...just with emoticon to summarize your doubtfulness....anyway, u don't agree in shorting at 5700?
I trade to live
  • #303,193
  • Mar 12, 2012 4:36am Mar 12, 2012 4:36am
Quoting UbuFamily
lol..pretty creative u reply...just with emoticon to summarize your doubtfulness....anyway, u don't agree in shorting at 5700?
prolly because it might not reach 1.57 this week?? i mean the weekend gap in GBPUSD filled but 2 hours of market open... i'm having doubts if my sell limit at 1.57 would ever trigger with such strong risk aversion flows...
but right now who knows... theres hardly any data coming out today... sooo movements today are pure stop hunts... the fate of these currencies are in the big boys hands today... they get to do what they want in low liquidity monday...
yawn....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,194
  • Mar 12, 2012 4:38am Mar 12, 2012 4:38am
Quoting UbuFamily
lol..pretty creative u reply...just with emoticon to summarize your doubtfulness....anyway, u don't agree in shorting at 5700?
u tell me....


right now...market futures are making daily highs.....dolllar index is making daily lows.....euro is gain strength.....gold is holding up......

would u short now?? not to mention the charts.....oh ya and dollar / cad is istarting to scream.....

but I could be full of shit.....so please trade what u see.....as I DO.....
I don't trust any move - when you have profit...take it.
  • #303,195
  • Mar 12, 2012 4:39am Mar 12, 2012 4:39am
Quoting Red Alert
After collecting profits for almost 1 month ( i almost got profit everyday for about one month), than i face the fact it's gone within one day during bearish from 5820 to 5665...... so it's really make me shock.....i need to recover my mentality. Putting sell postition in this area (5660) is bit risky., I konw, considering the US situation, it also possible for bearish to 55XX or lower. but not within this week....hey guys... do u stilll beleive it will break high to more than 1.6xxx just like what you said as last fiday....now move up to 5671.......
You're gambling and not trading... think about it carefully!
  • #303,196
  • Mar 12, 2012 4:39am Mar 12, 2012 4:39am
Quoting bguguen
Its an article on Reuters...
http://www.reuters.com/article/2012/...8EB36D20120312

This stuff doesnt come in ForexFactory because the news feed here in ForexFactory is either RUBBISH or Heavily Data Release Reliant...
Thats probably why Noobs think the GBP is not as weak as the EURO...
Dont just rely on ForexFactor for news... read newspapers, reuters, bloomberg and other feeds...
But it seems like UK is not as tough as people here say they are...
Seems like a banking war is about to start between the...
yup I agree...most of the news was really useless...but 20% of it seems like showing cable behavior..for example news related on employment ...I prefer not reading my local newspaper because it's not reliable..
I trade to live
  • #303,197
  • Mar 12, 2012 4:41am Mar 12, 2012 4:41am
Quoting Faller
all good my friend.....


anyway, entering a short at 5660 is not a wise idea right?
I trade to live
  • #303,198
  • Mar 12, 2012 4:43am Mar 12, 2012 4:43am
Quoting Faller
Nice Fakking Call Faller......how da Fak did u know dis bitch wuz gonna do dat?????
Talk about blowing your own trumpet! Many on this thread already stated that it would bounce from here. Humility is not your strong point!
  • #303,199
  • Mar 12, 2012 4:43am Mar 12, 2012 4:43am
Quoting UbuFamily

anyway, entering a short at 5660 is not a wise idea right?

read my posts from toniight and u will see what I am thinking......not that u should follow......we all have different thoughts.
I don't trust any move - when you have profit...take it.
  • #303,200
  • Mar 12, 2012 4:44am Mar 12, 2012 4:44am
Quoting UbuFamily

anyway, entering a short at 5660 is not a wise idea right?
Entering anything today is not a good idea... as faller mentioned.. the charts are not following futures, gold and other pair movements... correlations are whacked today... like any monday... reason why no body should trade on a Mondays and Fridays...

Monday are incredibly silent, low liquidity means big movement can happen easily if the big boys do so...
Friday are incrdibly active, meaning no body can predict shit where the market is going... we saw last week US futures up while USDX goes up...
correct me if im wrong but so far im not a fan of entering trades on Monday or Friday...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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