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Cable Update (GBPUSD)

  • #313,361
  • May 16, 2012 5:11am May 16, 2012 5:11am
Quoting belekas
Bounce baby bounce
are you long from higher up ?
----------------------------
classic 1min reg bullish div set-up @ the current lo - resulted in a 5min PB candle
---------------------------
pullback or more ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1047 1min rev b.jpg Size: 83 KB
ex member
  • #313,362
  • May 16, 2012 5:12am May 16, 2012 5:12am
Quoting bguguen
Imy to see you still long but i elieve i've gave enough warning about gbp overvalued and that inflation is going to be an issue and that QE in uk will happen... Remember the stuff i say about how gbp strength doesnt make sense?? Seems like uk economy dying before the olympics and thats a bad sign...
Im a fundy trader and i specialises on these much better than readig chats though im also good at chats too
I think i've warned enough about short on pullback...
I guess i've made enough of an impact... And some traders here believe the uk is immune...
Hi kid,

Really good call sell on pullback.

Any advice about GBP/NZD , just kidding
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #313,363
  • May 16, 2012 5:12am May 16, 2012 5:12am
Quoting nAVIN2007
i trade what i think..its as simply as that..i thought the chances of this would happen and i playing out the scenero the way i see fit..

thou right now i wish i got out..but this is trading..hehe

cable has to retrace ..
Oh yea im sure cable will retrace.... Btw look at my system now... See where te system's gbpusd longs are to take profit??
Btw for some readers out there i have 2 trading accounts
1 manual and 1 automated
I am shorting gbp manually since 1.62 and 1.60
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,364
  • May 16, 2012 5:13am May 16, 2012 5:13am
Quoting bbmac
are you long from higher up ?
----------------------------
classic 1min reg bullish div set-up @ the current lo - resulted in a 5min PB candle
---------------------------
pullback or more ?

G/L
Long? I'm multi-position short and will add more when time is right ;-)
  • #313,365
  • May 16, 2012 5:13am May 16, 2012 5:13am
Quoting Zircon
Hi kid,

Really good call sell on pullback.

Any advice about GBP/NZD , just kidding
No friggin idea.... Not enough news coming from new zealand other than the rbnz statement suggesting that they are looking to weaken the nzd....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,366
  • May 16, 2012 5:14am May 16, 2012 5:14am
drop the auto is my advise
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,367
  • May 16, 2012 5:15am May 16, 2012 5:15am
good job B

But no bounce not today

Quoting belekas
Long? I'm multi-position short and will add more when time is right ;-)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,368
  • May 16, 2012 5:17am May 16, 2012 5:17am
Quoting Bones
good job B

But no bounce not today
You all got me wrong. I entered short on the touch (green arrow) and got myself a damn nice bounce. That's what I'm talking about LOL
  • #313,369
  • May 16, 2012 5:17am May 16, 2012 5:17am
What is all that lol

Just kidding bb


Quoting bbmac
are you long from higher up ?
----------------------------
classic 1min reg bullish div set-up @ the current lo - resulted in a 5min PB candle
---------------------------
pullback or more ?

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,370
  • May 16, 2012 5:19am May 16, 2012 5:19am
Haha ,well I know you good trader thought strange

Quoting belekas
You all got me wrong. I entered short on the touch (green arrow) and got myself a damn nice bounce. That's what I'm talking about LOL
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,371
  • May 16, 2012 5:20am May 16, 2012 5:20am
Quoting bguguen
No friggin idea.... Not enough news coming from new zealand other than the rbnz statement suggesting that they are looking to weaken the nzd....


If you want my advice try to catch the sooner trend EUR/GBP, AUS/CAD.

U have to know where exactly to raid up.


good luck.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #313,372
  • May 16, 2012 5:20am May 16, 2012 5:20am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
It has to and it will but think for a minute logically.
If you had 2-3 properties or flourishing business in europe and you know the end of euro is near with good value of money to be retained if you sell the business or your properties and convert them into CHF or pound only stable currencies in the euro area. What would you do?
Simple answer. Hence everyone is doing the same. GBP is too expensive and I personally think we should be near 120-130 to be competitive globally but market thinks otherwise. I think BOE has realised that it's time to "talk down the pound" and they are starting on it.

5850 is the area I would target to go long.


Quoting nAVIN2007
i trade what i think..its as simply as that..i thought the chances of this would happen and i playing out the scenero the way i see fit..

thou right now i wish i got out..but this is trading..hehe

cable has to retrace ..
  • #313,373
  • May 16, 2012 5:24am May 16, 2012 5:24am
Quoting Bones
Haha ,well I know you good trader thought strange
Appreciate the kind words brother. You've been the second person who gave me a vouch back in the day. Guess it's time to pay my dues now ;-)
  • #313,374
  • May 16, 2012 5:24am May 16, 2012 5:24am
Merv the Swerv was using an analogy of the recent Uk Football premiership end - re uncertainty can sometimes be exciting - but in financial markets and the wider 'real' economy as a whole it is the opposite. Actually for us as traders - uncertainty can create volatility and with that volatility comes opportunity, - my edge is certainly better in volatile conditions - just another (wider) eg of how as traders the emotions we need can often times run counter to natural human instincts.

This is what I got below current price:

5894 = 38.2% 5234-6300 and 76.4% 5769-6300
5889 85.4% 5817-6300
5877 85.4% 5805-6300
5873-60 prev 4hr sw lo zone incl 5869 = 61.8% 5601-6300
5847 85.4% 5769-6300
5833 Weekly S3 @/around
5824-16-03-5799 prev Daily/4hr swing lo zone incl 5824 = Daily S3 (prev Weekly sw lo zone to 5803)
5796-88-69 prev Daily/4hr sw lo zone incl 5769 = 76.4% 5601-6300 and 50% 5234-6300
5741-34-22 prev 4hr sw hi x 3 zone (non-immed)
5706-5697 (-93) prev minor 4hr sw lo zone incl 5705 = 85.4% 5769-63005696=Weekly S4 @/around
5630-18 prev 4hr sw lo zone incl 5616 = Monthly S2 @/around
5615-01 prev Daily/4hr sw lo zone
5502-5487 prev daily sw hi zone (non immed) incl 5487=76.4% 5234-6300
5470-50 Weekly ascending t/line coming thru on present daily candle
5428 Monthly S3 @/around
5392 85.4% 5234-6300

G/L
ex member
  • #313,375
  • May 16, 2012 5:25am May 16, 2012 5:25am
Quoting ams
It has to and it will but think for a minute logically.
If you had 2-3 properties or flourishing business in europe and you know the end of euro is near with good value of money to be retained if you sell the business or your properties and convert them into CHF or pound only stable currencies in the euro area. What would you do?
Simple answer. Hence everyone is doing the same. GBP is too expensive and I personally think we should be near 120-130 to be competitive globally but market thinks otherwise. I think BOE has realised that it's time to "talk...

are u saying pound should be around 1.2 - 1.3?
  • #313,376
  • May 16, 2012 5:27am May 16, 2012 5:27am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I want it to be there, to get all the jobs back and be competitive...but no one will listen to me....
I hardly see it at 140 in the coming months..

Quoting nAVIN2007
are u saying pound should be around 1.2 - 1.3?
  • #313,377
  • May 16, 2012 5:28am May 16, 2012 5:28am
Quoting belekas
Appreciate the kind words brother. You've been the second person who gave me a vouch back in the day. Guess it's time to pay my dues now ;-)

u have always been a good trader ..
beautiful trades b as always..
  • #313,378
  • May 16, 2012 5:28am May 16, 2012 5:28am
levels, fibs and some lines

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_0005.gif Size: 40 KB
  • #313,379
  • May 16, 2012 5:28am May 16, 2012 5:28am
Quoting ams
I want it to get all the jobs back and be competitive...but no one will listen to me....
I hardly see it at 140 in the coming months..

u better be wrong
  • #313,380
  • May 16, 2012 5:28am May 16, 2012 5:28am
Quoting Bones
drop the auto is my advise

You are a market thief.
If skills could be acquired by watching, every dog would be a butcher. Turk
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