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Cable Update (GBPUSD)

  • #312,421
  • May 10, 2012 5:04am May 10, 2012 5:04am
1hr closes bullishly off the current daily lo but all very mixed re overall price action (opa) fractal peak/valley analysis up to that t/f.

G/L
ex member
  • #312,422
  • May 10, 2012 5:04am May 10, 2012 5:04am
Quoting PoundTrader
removing stops because you think your trade is gonna turn in your fav is fcuking rediculous when the the trade continue to go against you, then your stuck with 1k pip loss instead of 100 pip loss
Das just crazy man
Come with me if you want to live....
  • #312,423
  • May 10, 2012 5:10am May 10, 2012 5:10am
Quoting PoundTrader
removing stops because you think your trade is gonna turn in your fav is fcuking rediculous when the the trade continue to go against you, then your stuck with 1k pip loss instead of 100 pip loss
He has said it was not so much about the money, but about trusting analysis regardless of the timeframe TL. I can actually understand this tbh. He said Will help him be more mechanical. I can understand this also. But not a good financial decision in the immediate term but prob help in longer term if helps to trust analysis. He is a different beast I think
Come with me if you want to live....
  • #312,424
  • May 10, 2012 5:10am May 10, 2012 5:10am
Quoting Ill-b-back
Das just crazy man
sad but true
  • #312,425
  • May 10, 2012 5:12am May 10, 2012 5:12am
Quoting Ill-b-back
He has said it was not so much about the money, but about trusting analysis regardless of the timeframe TL. I can actually understand this tbh. He said Will help him be more mechanical. I can understand this also. But not a good financial decision in the immediate term but prob help in longer term if helps to trust analysis. He is a different beast I think
he's a fcking monster
  • #312,426
  • May 10, 2012 5:22am May 10, 2012 5:22am
Quoting Ill-b-back
Yeah sorry, anything more than a 1000 pip stop is just fcuking rediculous

only if u cant take 1k reward from the market..all relative i guess
the bottom line is only risk what u can extract from the market
  • #312,427
  • May 10, 2012 5:25am May 10, 2012 5:25am
Hi all

Just wanted to know does she really want to go down today or stuck on 1.6110
anyhope to see 6050 or 1.6
  • #312,428
  • May 10, 2012 5:30am May 10, 2012 5:30am
nobody knows the answer to that question (s) - no one can see into the future...all u can do is play your edge/trade what you see on the t/f's of interest to you.
------------------------
Perhaps Uk data at 12noon bst will shake it up (one way or the other?)

G/L


Quoting sameer
Hi all

Just wanted to know does she really want to go down today or stuck on 1.6110
anyhope to see 6050 or 1.6
ex member
  • #312,429
  • May 10, 2012 5:31am May 10, 2012 5:31am
Quoting sameer
Hi all

Just wanted to know does she really want to go down today or stuck on 1.6110
anyhope to see 6050 or 1.6
maybe yes, maybe no

GBP news within 29 mins
The market will deceive you. Make your own judgement.
  • #312,430
  • May 10, 2012 5:35am May 10, 2012 5:35am
Quoting ninjafx
maybe yes, maybe no

GBP news within 29 mins
Well i think whatever the new is she will hit 1.6 today or by tomorrow
  • #312,431
  • May 10, 2012 5:38am May 10, 2012 5:38am
It may do or it may not - but one thing I do know is that the market doesn't care what we think. You've gone from 'hope' in your original post to think ? are you sure you think that ? Lol. Trade what you see - not what you think.

G/L

Quoting sameer
Well i think whatever the new is she will hit 1.6 today or by tomorrow
ex member
  • #312,432
  • May 10, 2012 5:49am May 10, 2012 5:49am
just came to see how nervous this forum is ahead of BoE
  • #312,433
  • May 10, 2012 5:53am May 10, 2012 5:53am
Quoting Nachiket
just came to see how nervous this forum is ahead of BoE
all good here !

G/L
Attached Image
ex member
  • #312,434
  • May 10, 2012 6:01am May 10, 2012 6:01am
LOL instant death
swing it!
  • #312,435
  • May 10, 2012 6:03am May 10, 2012 6:03am
will look closely if this is just a fakeout ...
The market will deceive you. Make your own judgement.
  • #312,436
  • May 10, 2012 6:07am May 10, 2012 6:07am
Hopeless Rally.
  • #312,437
  • May 10, 2012 6:08am May 10, 2012 6:08am
strong knee-jerk data react to the upside - challenging area of yesterday's pullback hi @ 6151 now.

Not shown on 1hr pic below are the fibs of the moves down from 6300, 6245 and 6238 to 6068 or the calculated pivots such as daily R1 etc...

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 109 KB
ex member
  • #312,438
  • May 10, 2012 6:10am May 10, 2012 6:10am




How Lucky Those People Who Have Sold

EUR / GBP @ 0.8045 Today











Patterns have an underlying mathematical structure.
  • #312,439
  • May 10, 2012 6:10am May 10, 2012 6:10am
this might be a good opportunity for bears entry point should the market continue to test the 1.60 level

watching closely what the market will do
The market will deceive you. Make your own judgement.
  • #312,440
  • May 10, 2012 6:11am May 10, 2012 6:11am
bulls are fighting, watch out
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