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Cable Update (GBPUSD)
- #306,462
- Apr 5, 2012 5:10am Apr 5, 2012 5:10am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Navin the mad trader. he sticks to his 1.65 levels no matter what happens. even i gave up yesterday after gbp was unable to break 1.5913 and closed in small loss. but navin is navin . I remember a forex trading secret when i see this stupid navin
Never trade in the opposite trend and he does it regularly.
and i would really like to know what you mean by saying "TREND".
once you will give an explanation of this, maybe could come time also to explain why you think nav is stupid. assuming that someone is interested in what you think about him, or everyone else. but would be interesting for people here to know who is more stupid: nav having his long term position or you offending him in public without a clear reason?!
so please,
take a decision about.
there is also the very well said by smikester "go away".
up to you
90% of traders use TA, indicators and prediction
- #306,463
- Apr 5, 2012 5:15am Apr 5, 2012 5:15am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #306,464
- Apr 5, 2012 5:15am Apr 5, 2012 5:15am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Oh dear what happened...
from what i see Bulls are dying like i said they would...
interesting how i said 5900-5850 was the consolidation zone... GBPUSD never had a chance... died right after london opened...
partly to do with the really SHITTY manufacturing.... i wonder if UK is still as rosy as some bulls here think lol....
i heard bulls are dying one by one with mad cow disease now a days...
IF GBPUSD steers clear of the consolidation zone and below 5850, we might as well finish off whatever bulls there are around here lol...
jk but seriously...
there is a market and a price to trade. somewhere goes up, somewhere goes down. morning went down, for the moment, for what i see.... not clearly showing intentions to breake 5800. maybe not today.
but as always, must not be biased in one side!
90% of traders use TA, indicators and prediction
- #306,465
- Apr 5, 2012 5:16am Apr 5, 2012 5:16am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #306,466
- Apr 5, 2012 5:17am Apr 5, 2012 5:17am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
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- #306,467
- Apr 5, 2012 5:17am Apr 5, 2012 5:17am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Good one BB... had enough with this clown anyways total bullshitter oh GBP cant break above 5913 blah blah...
when i was clearly the one who suggested 5900-5850 consolidation zone and bullish momentum diminished as we broken below the upwards trend from last weeks rally....
indeed this area is great for consolidations! i noticed your post, well spotted
anyway, must be cautiuos IMO in shorts for a while.
5800 still intanct. smells like price will take care about higher lvls before more down.
but let's see Ny moves what will do
90% of traders use TA, indicators and prediction
- #306,468
- Apr 5, 2012 5:19am Apr 5, 2012 5:19am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
there is no bulls and no bears!
there is a market and a price to trade. somewhere goes up, somewhere goes down. morning went down, for the moment, for what i see.... not clearly showing intentions to breake 5800. maybe not today.
but as always, must not be biased in one side!
if Bulls and Bears are same strength we remain flat...
i like your theory that theres always bulls and bears int he market and both can make money
but if i say Bulls Strength 10 vs Bears Strength 1000... surely you wouldnt wana go against the bears...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
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- #306,469
- Apr 5, 2012 5:21am Apr 5, 2012 5:21am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
yes i agree
indeed this area is great for consolidations! i noticed your post, well spotted
anyway, must be cautiuos IMO in shorts for a while.
5800 still intanct. smells like price will take care about higher lvls before more down.
but let's see Ny moves what will do
im expecting one big candle to blas through 5800 but we'll see...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
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- #306,470
- Apr 5, 2012 5:23am Apr 5, 2012 5:23am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Chart is a bit of a mess ,Trend = consolidation I feel
yes i also think is strongly possible a kind of consolidation at these levels.
that's why im extremely careful with both directions.
maybe this weekly closing price will help us to understand something more.
from here, i certainly find hard to imagine price close tomorrow above weekly opening!! would mean a massacre
at least would be nice to see closing price above 5820 to feel a possible good upmove again.
talking about some 100-150pips
90% of traders use TA, indicators and prediction
- #306,471
- Apr 5, 2012 5:24am Apr 5, 2012 5:24am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #306,472
- Apr 5, 2012 5:29am Apr 5, 2012 5:29am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #306,473
- Apr 5, 2012 5:29am Apr 5, 2012 5:29am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
actually im not seeing more up... lets see in 10 minutes abbout US unemployment... if this thing is good news for US... expect GBPUSD to drop instantly... and fail to break back into the consolidation zone above 5850... a close below 5850 will pretty much open the way for more down move... dont think 5800 will hold if it gets there.... specially when the consolidation zone is just 50 pips above it...
im expecting one big candle to blas through 5800 but we'll see...
but what i mean is not to be blindly in one direction.
something tells me that IF today we go up, tomorrow we COULD go again down at these level with NFP.
but only an idea.
about bulls and bears, ehhehee i imagine market in different way than majority of people! of course., there is bearish and bullish momentum etc..problem is about something robotic that releases orders at a price, without caring about trends, news, fkucs, things etc... and so we have pullbacks, V turns, price shooting up-down in 30pips range and sihts like that
90% of traders use TA, indicators and prediction
- #306,474
- Apr 5, 2012 5:30am Apr 5, 2012 5:30am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Hi BB
Price will not go back ,not this week ,even if it rises that is bearish too on weekly ..
Price will not go back ,not this week ,even if it rises that is bearish too on weekly ..
hello,
yes i also think is strongly possible a kind of consolidation at these levels.
that's why im extremely careful with both directions.
maybe this weekly closing price will help us to understand something more.
from here, i certainly find hard to imagine price close tomorrow above weekly opening!! would mean a massacre
at least would be nice to see closing price above 5820 to feel a possible good upmove again.
talking about some 100-150pips
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #306,475
- Apr 5, 2012 5:30am Apr 5, 2012 5:30am
- Joined May 2009 | Status: Trader | 4,895 Posts
there is no bulls and no bears!
there is a market and a price to trade. somewhere goes up, somewhere goes down. morning went down, for the moment, for what i see.... not clearly showing intentions to breake 5800. maybe not today.
but as always, must not be biased in one side!
- #306,477
- Apr 5, 2012 5:34am Apr 5, 2012 5:34am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
yes very possible since price in hourly shows weakening.
but what i mean is not to be blindly in one direction.
something tells me that IF today we go up, tomorrow we COULD go again down at these level with NFP.
but only an idea.
about bulls and bears, ehhehee i imagine market in different way than majority of people! of course., there is bearish and bullish momentum etc..problem is about something robotic that releases orders at a price, without caring about trends, news, fkucs, things etc... and so we have pullbacks, V turns, price shooting...
you are right to assume some strong support there since if that breaks we open up the way down to 5500 again....
5800 is the last fight to prevent last week's rally from 5500 up to 6000 from collapsing...
So there i agree with you support would be heavy at 5800.... great catch...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #306,478
- Apr 5, 2012 5:37am Apr 5, 2012 5:37am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #306,479
- Apr 5, 2012 5:39am Apr 5, 2012 5:39am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Hi BB
Price will not go back ,not this week ,even if it rises that is bearish too on weekly ..
indeed will be very interesting to see if this weekly will close full bearish below previous one.
if happens, the "sell the rally" thing will be good next week
90% of traders use TA, indicators and prediction