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Cable Update (GBPUSD)

  • #311,781
  • May 6, 2012 5:25am May 6, 2012 5:25am
Quoting Bones
Lol I think your soon change your mind TT just a thought
Good day to you, sir

I have been shorting GU from 1.627X and I understand where the short term trend is/was heading. This could very well continue.... I am just not in a position at the moment -

So I am looking to profit on certain short term moves within the current PA and will be ready to re-enter when the time comes. We could easily go lower with another 100 to 150 pips - but can not enter where we are right now - that would be too risky for me.

So - I agree with you - I will likely change my mind a bit further down the line, but I am looking for a few long scalps on EU and GU in the interim.

When they show themselves - that is.

Oh forex...

All the best with your positions for the coming week. Keep posting those charts. Interesting reading they make.

Regards
  • #311,782
  • May 6, 2012 5:36am May 6, 2012 5:36am
eu = down ,very much have that feeling
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,783
  • May 6, 2012 5:38am May 6, 2012 5:38am
http://www.forexfactory.com/sentiment.php
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,784
  • May 6, 2012 5:53am May 6, 2012 5:53am
Quoting Bones
eu = down ,very much have that feeling
Can not dispute your charts. Period.

Our disagreement with direction - at times - will stem from the fact that we have totally different approaches to trading. I'm mostly a 5min / 15 min man and you look at higher TF.

A long term trade for me will be the 1hr chart....
  • #311,785
  • May 6, 2012 5:54am May 6, 2012 5:54am
if im right H1 would even b risky haha ,besides im not long term at all im looking for pips to rain on me no 20-30 x by 10

Day Trader =Bones
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,786
  • May 6, 2012 7:06am May 6, 2012 7:06am
I look at monthly ,weekly,d1 ,trade ideal H4 ,I want to see D1 here !
I want quality
W1 -H4 can be very powerful I respect other methods no problem
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,787
  • Edited 4:34pm May 6, 2012 8:06am | Edited 4:34pm
more upside still possible as long wave 4 does not break down through the 1.605 level which would invalidate a possible 5 wave sequence

that would mean we are still in correction mode and possibly lead to further decline down to 1.597 or 1.59 area at least http://www.smileygarden.de/smilie/Verkleidung/68.gif
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 May. 06 14.54.gif Size: 76 KB
  • #311,788
  • May 6, 2012 4:29pm May 6, 2012 4:29pm
Now we all know the big guys are long the GU net net and the euro is tanking over 60 pips for the opening gap. But the GU where is it mid 1.6140s lol around its close with no down movement. Just to point out that price is made up to be whatever they want it to be all technicals fundamentals mean 100% jack ___ lol
  • #311,789
  • May 6, 2012 5:07pm May 6, 2012 5:07pm
Quoting Fxbandito
Now we all know the big guys are long the GU net net and the euro is tanking over 60 pips for the opening gap. But the GU where is it mid 1.6140s lol around its close with no down movement. Just to point out that price is made up to be whatever they want it to be all technicals fundamentals mean 100% jack ___ lol
I'll hold my tongue
Come with me if you want to live....
  • #311,790
  • May 6, 2012 5:43pm May 6, 2012 5:43pm
Quoting bguguen
Bad idea...
We're headed to 6100, then 6050 next on H4 put the ichimoku indicator and you will see we are back in the cloud, we should drop to test the bottom... which is around 6100... if it holds we are still stuck... if it breaks we shall see retracement back to 6000
Whoever i addressed to, he was surely long right before the weekend and i did warn him....
Technical already suggests 6100
Fundamental also suggests France election if Hollande Wins Euro is gona lose strengh and so would the GBP

I would warn though.... dont be fooled by the weakness in the move down on GBPUSD.... do not think that this weak move would mean bullish GBPUSD...
I do have t warn people who thinks that the GBPUSD is gona go up... i would look at how London is gona open....
London may open with the GBPUSD tanking today.... after such a news...
Sooo... was this a good call??
up to you guys to decide, personally i dont care....
just focused on recovering my losses this month
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #311,791
  • May 6, 2012 5:46pm May 6, 2012 5:46pm
Quoting bguguen
Whoever i addressed to, he was surely long right before the weekend and i did warn him....
Technical already suggests 6100
Fundamental also suggests France election if Hollande Wins Euro is gona lose strengh and so would the GBP
Sooo... was this a good call??
up to you guys to decide, personally i dont care....
just focused on recovering my losses this month

Take it easy big guy...

Personally I did not trade at all this past Friday - Watched the chop.....there was too much at risk to hold over the weekend.....and well all I can say....is that GBP is giving everyone an opportunity here....depends on whether or not you take it....

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #311,792
  • May 6, 2012 7:51pm May 6, 2012 7:51pm
Inserted Video
I don't trust any move - when you have profit...take it.
  • #311,793
  • May 6, 2012 8:22pm May 6, 2012 8:22pm
Quoting Faller
http://www.youtube.com/watch?v=A9peZ5WOtL0
That's inspiring, thx dude
Come with me if you want to live....
  • #311,794
  • May 6, 2012 8:29pm May 6, 2012 8:29pm
morning guys..what a fine week to start trading..
Trade what you see. Write what you feel
  • #311,795
  • May 6, 2012 8:33pm May 6, 2012 8:33pm
Long A/U,
Long E/U
Sideways G/U - more bearish coming
Long E/J

Good luck all..
Trade what you see. Write what you feel
  • #311,796
  • May 6, 2012 10:40pm May 6, 2012 10:40pm
Quoting TauTrader
Good day to you all,

Scalping long from dips will be my trading plan for the next few sessions. Just looking for 10 to 20 pips per entry.

Same for EU.

Will be trading 5 min charts this week inbetween work obligations to see if a positive nett result can be obtained / achieved.

Wish you all success for the week ahead

Regards
Good day to you,

Just got up.

Entering long scalp here - will see.

Regards
Attached Image (click to enlarge)
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  • #311,797
  • May 6, 2012 10:56pm May 6, 2012 10:56pm
Quoting TauTrader
Good day to you,

Just got up.

Entering long scalp here - will see.

Regards
Did u close your short 627x yet?
I trade to live
  • #311,798
  • May 6, 2012 10:58pm May 6, 2012 10:58pm
Quoting Faller
http://www.youtube.com/watch?v=A9peZ5WOtL0

Nice, shows the reaction of cable now. Graveyard...
I trade to live
  • #311,799
  • May 6, 2012 11:02pm May 6, 2012 11:02pm
Quoting UbuFamily
Nice, shows the reaction of cable now. Graveyard...

Good evening everyone -

I am going to bed - UK Bank holiday today.....was short right at the open had the same profit 20 min into the trade as I did 6 hours later so I closed the trade......happy trading to everyone. Will be back later - but do not expect much today -

Hope everyone had a great weekend!

Faller.
I don't trust any move - when you have profit...take it.
  • #311,800
  • May 6, 2012 11:07pm May 6, 2012 11:07pm
Quoting UbuFamily
Did u close your short 627x yet?
Good day to you,

Yes - long time ago. Took a total of 7 short trades on the way down at various times. Last 2 on Friday. Wanted to get back in again - but the level was risky and do not keep trades open over week-ends.

Regards
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