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Cable Update (GBPUSD)

  • #316,841
  • Jun 20, 2012 4:09am Jun 20, 2012 4:09am
we are all clueless about what will happen next - but some of us know where the potential support/resistance is and what PA is telling is the higher probability is re near-term direction - whether it plays out or not - it's all we got and as long as we apply the right money management to that - we got an edge - without having to know what will happen next - which is just as well Lol !

G/L

Quoting redbeben
just look how many visitors are reading the posts now

puzzled coz they have no idea what hit them,they don't know wether to hold on their positions(either short or long) so they come here to find clues

WE ARE JUST AS CLUELESS AS YOU ARE GUYS
ex member
  • #316,842
  • Jun 20, 2012 4:13am Jun 20, 2012 4:13am
Quoting PoundTrader
ok 1mill closed at 1.5723, gonna keep 1mill open and see what happens
setting the other half at 1.5662 breakeven, lot of big news comming out today, i like to walk with some pips
  • #316,843
  • Jun 20, 2012 4:15am Jun 20, 2012 4:15am
Quoting Makavelli7
I can just imagine, a whole lot of going on right now
You got that right
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #316,844
  • Jun 20, 2012 4:15am Jun 20, 2012 4:15am
Quoting redbeben
just look how many visitors are reading the posts now

puzzled coz they have no idea what hit them,they don't know wether to hold on their positions(either short or long) so they come here to find clues

WE ARE JUST AS CLUELESS AS YOU ARE GUYS
90% of traders use TA, indicators and prediction
  • #316,845
  • Jun 20, 2012 4:17am Jun 20, 2012 4:17am
i think i have a clue, it's either going up or down, witch makes me clueless
  • #316,846
  • Jun 20, 2012 4:18am Jun 20, 2012 4:18am
Good day to you,

Move higher is very much on the cards -

Classic bullish divergence on the 1hr chart.

Regards
  • #316,847
  • Jun 20, 2012 4:21am Jun 20, 2012 4:21am
europe is in default?
uk economy going bad?
usa economy need QE to survive?
china showing "weakness" in recent data?
japan fighting to hold their currency down tu sruvive?
wars for oil?

everything saying to sell everything, delete the euro from the earth, and begin a new age without debts.

but hell no.... market is buying everything!
90% of traders use TA, indicators and prediction
  • #316,848
  • Jun 20, 2012 4:22am Jun 20, 2012 4:22am
one day when i finish trading and retire im gonna right a book about my system and i how i made millions from the market, sad thing about it, the system might be wash up by then, so what as long as i make money selling the book who cares if the system doesn't work anymore did i say that
  • #316,849
  • Jun 20, 2012 4:22am Jun 20, 2012 4:22am
Quoting PoundTrader
i think i have a clue, it's either going up or down, witch makes me clueless

weeeee,that makes 2 of us

aaa...my charts on small tfs say short first then long...but EU looks it's gonna fly to the sky pretty soon(H4 chart has a perfect buy entry)

ok ok by the time I finished writting the price dropped 10 pips ..so the M1 chart was right...still waiting for lower to load long...if I load long.

see you later guys,going out for now
  • #316,850
  • Jun 20, 2012 4:26am Jun 20, 2012 4:26am
Quoting redbeben
weeeee,that makes 2 of us

aaa...my charts on small tfs say short first then long...but EU looks it's gonna fly to the sky pretty soon(H4 chart has a perfect buy entry)

ok ok by the time I finished writting the price dropped 10 pips ..so the M1 chart was right...still waiting for lower to load long...if I load long.

see you later guys,going out for now
  • #316,851
  • Jun 20, 2012 4:28am Jun 20, 2012 4:28am
Quoting PoundTrader
one day when i finish trading and retire im gonna right a book about my system and i how i made millions from the market, sad thing about it, the system might be wash up by then, so what as long as i make money selling the book who cares if the system doesn't work anymore did i say that
No Bro, your system is pure and logical.
In a word
"TIMELESS"
like T-shirts
Come with me if you want to live....
  • #316,852
  • Jun 20, 2012 4:29am Jun 20, 2012 4:29am
Quoting Ill-b-back
No Bro, your system is pure and logical.
In a word
"TIMELESS"
like T-shirts
well then im keeping my mouth shut, il pass it down to my kids if i ever have any.
  • #316,853
  • Jun 20, 2012 4:29am Jun 20, 2012 4:29am
5770 is interbank top price (sunday)
90% of traders use TA, indicators and prediction
  • #316,854
  • Jun 20, 2012 4:30am Jun 20, 2012 4:30am
Price is closed out of TL on daily chart and price push higher to 50 before we can even see 5800.......else she might go back to 5640...that's what i see now
May the pips be with me !!!
  • #316,855
  • Jun 20, 2012 4:31am Jun 20, 2012 4:31am
Quoting PoundTrader
one day when i finish trading and retire im gonna right a book about my system and i how i made millions from the market, sad thing about it, the system might be wash up by then, so what as long as i make money selling the book who cares if the system doesn't work anymore did i say that
make money and then, when you will retire, delete that system and call it "a life"
90% of traders use TA, indicators and prediction
  • #316,856
  • Jun 20, 2012 4:33am Jun 20, 2012 4:33am
Quoting redbeben
what if(only if) price won't go there ? or where will it start to climb from ? 1.5720? 1.5695 ?

what if the govt easing will scare buyers away ?

trust me on this one,unless you are an insider you can never be 100% sure about a price...this is FX.

I will only buy close to 1.5590-5610

first stop down is 1.5685 area and the rest will follow.

but,it depends how fast it moves as price will be affected by the feds later today

Trust me, You do not need to be an insider....all you need is a perfect strategy; Just some more study and don't go with the crowd!!!

My strategy works even in holidays and NFP but I personally decides to stay out. Do you know Price for tomorrow can be known today regardless of the news?
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #316,857
  • Jun 20, 2012 4:34am Jun 20, 2012 4:34am
Quoting _BBKing_
europe is in default?
uk economy going bad?
usa economy need QE to survive?
china showing "weakness" in recent data?
japan fighting to hold their currency down tu sruvive?
wars for oil?

everything saying to sell everything, delete the euro from the earth, and begin a new age without debts.

but hell no.... market is buying everything!

aha,another one so I am not the only one asking questions

I'll give some clues as I can see them and hear them

EU will not vanish just like that and the only thing that kept it alive this week were the Arabs.

simple-oil price tanks as EU falls and if EU falls there is no money to buy oil...so in order to keep EU strong so it can buy oil Middle East is buying EUR ...eh,got the point? it's like scratching your left ear with the right hand twisted around the head

UK economy injects some more money to ease the credits....but will it tank the pair ? nope.as long as the ease helps the indebt companies take more loans to cover the debt with a bigger debt on a microscale it will be seen as an economic boost

USA will not impose a new QE today as it will hold it till last possible moment like an Ace in the sleeve better to save strength to the point it really needs it.otherwise just change some numbers here and there and we're good.
maybe,they will extend the twister again and again.


EU will vanish.G Soros predicted it will happen in the next 3 months....which is partially true as Spain needs the whole summer to do the audits for the bailout....oh boy

does any of you know what spanish summer means? I'll tell you.
it means beach bars,all day spent on the beach,beer,sangria and a lot of laziness....they are lazy even in winter so another summer will mean no economic recovery instead it will bring more debt to the already existing debt....so by the end of the 3 months of audit the debt will not be 100 bln but 200 bln....coz this is the last heist

Greeks did the same for f*** sake with the last bailout..

As soon as a country is in the scope they will delay the bailout as much as they can in order to steal more....the bailout will cover the gap anyway.

So,the total erase will come,probably by the end of summer or as a Christmas gift.....but I doubt it will mean all debt erase.....what will banks do with all the mortgages and the new inflation ? who is gonna pay this money back ?
  • #316,858
  • Jun 20, 2012 4:35am Jun 20, 2012 4:35am
Quoting TauTrader
Good day to you,

Move higher is very much on the cards -

Classic bullish divergence on the 1hr chart.

Regards
Hey Tau - Hope u r well...not see-ing the divergence on 1hr you refer to - can you post a chart please ? do you mean regular or hidden div ? Thanks

G/L
ex member
  • #316,859
  • Jun 20, 2012 4:37am Jun 20, 2012 4:37am
correct me if i'm wrong:

yesterday goldman sachs farted more QE by fed.
what happened?
more covering in USD longs.

but...

gold and silver went down!
if more QE, gold and silver would be now very high.

so, everything is done to hide big moves and try to give a reason behind a move. try to imagine that you need to close some 1-2 trillion dollars long in USD. do you think you can simply click a button?

we are nothing until we try to listen these things and trade them.

truth is only one:
believe in what you see and take your trade. when you see profits, collect them and say "thank you". when you see a loss, take it and leave till new day comes.

i'm leaving, have to bay-sit my positions in gold

byebye and good luck
90% of traders use TA, indicators and prediction
  • #316,860
  • Jun 20, 2012 4:39am Jun 20, 2012 4:39am
Quoting 1stECN
Trust me, You do not need to be an insider....all you need is a perfect strategy; Just some more study and don't go with the crowd!!!

My strategy works even in holidays and NFP but I personally decides to stay out. Do you know Price for tomorrow can be known today regardless of the news?

well if you care to share I'll be honoured to learn,but as I said,it is not enough to know the final price but the entry point as well.
you called 1.5778 when price was 1.5730 from where it tanked 80 pips.(braking the levels I was aiming for)

if one would have opened long @ 1.5730 for a 48 pips profit the RR would have been 2-1 indeed but on the risk side.

so....It all depends on the entry not only on the final price.

take care ,
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