Cable Update (GBPUSD)

hey Flynch I'm 26

Now shall answer him

looking for another bounce from here, maybe not as high as 1.555 again but maybe 1.5525?

support under pressure

Cool mate.

Now the answer:

My POV is Elliott Wave count that I have been following since the top of 1.6300 and the labeling for that count You can see an the picture.

The upside move was merely a correction of first wave down and I expect more downside to come soon. Maybe after London 2012 will end. The target for the begining is recent low of 1.5250 but the target is much much lower in 1.4200 area. BHlue line is min for TP right now.

Wise men in TV say that GBP might become a new safe heaven currency. This is bullshit in my view and this is why I'm short GBP and AUD. For me safe heaven is USD and Gold only.

I'm at work now and can not write more.

Hope it helps,
Seb

there is some true

everybody think that it will break,
i also so think but i hope it will by in london begining

scalp small SL

update:
this is why we think it wil go down a little bit
http://www.forexfactory.com/showthre...30#post5871230

... about HH and LL.
it did HH on daily.
Do you think it will go lower than previous LL???

i agree with everybody.
but the 5485-86 line (let's say actual h1 lows) is very important.
and few below it we are again at previous demand 5430 area.

let's see what develops, but until a line holds, better respect it.

on the other hand, this is also true for the 5520-30, since we still have not a stron and clear close above it.

i'm out and busy with EJ.
good luck you all

really? WTF?

age matters?

he asked a good question - why bother with this age crap. old is better? younger is better?

just answer the question....or tell the person you do not want to answer the question.

Before asking someone their age.......I would question all of these people on their posts.....

http://www.forexfactory.com/showthre...40#post5870140

http://www.forexfactory.com/showthre...53#post5870253

http://www.forexfactory.com/showthre...79#post5870679

hey Navin I'm actually long Euro and I think GBP might go up I'm not sure how convincing the bears are now. U 2 faller both of u know what the hell u are talking about would like to know what yall think

Dear Faller
Right I started thread to avoid such a situations so I will tell you something,
As far as I am concerned you are a scalper (your statement) our views are different, last pathetic bull move happend shortly after morning fix and then droped like a rock right at my target where I collected my pips - so you collected some and I did. I would consider fall from 1,5720 ish as a first leg down to about 1,5300 and I won't change my mind unless 1,5560/80 is taken out preferably by daily solid candle and fundies (I suck at this) + non commercial part of the market applaud that move by switching sides in a visible manner.
That triangle is still valid and if break bellow should give us a 1,5300

http://s16.postimage.org/3msxdxxt1/gbp.gif
photo hosting

Now I highly recommend you to check people who you trying to start argument with, I know you, I've been reading your post and among very good calls there is a big EGO going on. I also remmember what happend between you rat & cloogie - I was a noob back then but I am not now.
Go to my profile check people who gave me their V and if you feel they did a mistake send them pm maybe they will consider undo.
More trading less comments full of yourself - also try not to start a fire in here - some guys are here to learn and absorb from other - lead by example
Good luck with your trading
Tom

i agree with faller!
age doesn't matter at all! when i started trading i was 20.
now people start trading even younger and there is someone far better than me and far better than many other people in here and other forums...

market has not an age.
and experience in trading is nothing if one didn't learn the right things.
and even if one learned the right things, then depends how he/she apply them.

doing a quick calculation of these factors... even a 8-10 years old kid could trade in markets. only need to be able to open a platform and apply some basilar things to a chart.

i bet that he/she would be strongly profitable since totally not involved in anything out of what in front of the eyes.

Including the recent bearish, GU has been moving in the perfect range in the TF of H4, D1 & W1. From ranging view, GU is finding the support around 1.55 and about to fly back on high. We are better to get on board now or will miss the flight.

I am long GU @ 1.5515, SL @ 1.5395, TP1 1.5635 & TP2 1.5835

Keep fingers cross.

I expect the TP1 will come out within this week, then TP2 is some time in the first week of August.

Good pips to all here.

Really,
I was just curious.

He is free to ask questions - so am I.

No offence.

Seb

First post here - trying to get better with my trading.

I'm long too at 1.5508, SL 1.5468, TP 1.5565
Divergence at strong support, DeMarker raising from below:

hello,
why SL 5468?
just curious....

there are possible strong reasons to reject price, just 5 pips below your stop.
wouldn't it be better to move it 12 pips larger? or maybe put it verytight near 5480?
just an idea....

That's why i'm here - getting tips from experienced traders, thank you . To be honest - i've tried a lot of things (last swing etc.) with my SL, with 40pips SL i certainly know i'm in the wrong direction and usually get a better RR than 1:1.3...
What are your reasons to set the SL at this level (12 pips larger)?