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Cable Update (GBPUSD)

  • #319,841
  • Jul 26, 2012 7:08am Jul 26, 2012 7:08am
Quoting Faller
Do you have any good reason to keep shorting this?

I am trying to be a friend here - yesterday you were all HIGH and MIGHTY about this bitch is going down - I even sent you a PM a day ago to watch your shorts - all yesterday you kept throwing me to the ground when I would say watch your shorts I am going long - You kept your blinders on and missed one hell of a move - If you really have the intentions of running a hedge fund...........well....enough said.

I will say in public to you know what I said in Private - watch your shorts. You could...

heey..you mean shorts as in....pants ?

the more time you leave the market to your TP the more things can happen in between remember what I said...wars ,revolutions or Draghi.

fundamentally GU and EU are going down but for small pockets this sort of moves hit margin calls.
use SL on all trades and stay with your system.

I'm out for the week as well.maybe I'll open something short after news but I doubt it. market took me already 23 pips today...my pips,miiiiiiineeeeeeeeee
  • #319,842
  • Jul 26, 2012 7:21am Jul 26, 2012 7:21am
Quoting redbeben
heey..you mean shorts as in....pants ?

the more time you leave the market to your TP the more things can happen in between remember what I said...wars ,revolutions or Draghi.

fundamentally GU and EU are going down but for small pockets this sort of moves hit margin calls.
use SL on all trades and stay with your system.

I'm out for the week as well.maybe I'll open something short after news but I doubt it. market took me already 23 pips today...my pips,miiiiiiineeeeeeeeee

Ya I am going to Starbucks and going to chill for the day and probably done for the week - It has been a solid week of profits - going to enjoy the family. Also have a few chickens on the smoker that I am tending to - well be a good dinner tonight!

Faller.
I don't trust any move - when you have profit...take it.
  • #319,843
  • Jul 26, 2012 7:39am Jul 26, 2012 7:39am
Quoting PoundTrader
looking like we might see around 1.5400 area then end the week at 1.5700 area, base on pa
so far looking good. im out at 1.5702, price should continue up to 1.5735 area.
  • #319,844
  • Jul 26, 2012 7:43am Jul 26, 2012 7:43am
Quoting PoundTrader
so far looking good. im out at 1.5702, price should continue up to 1.5735 area.
Time for a bit of a breather me thinks. 1.5650 then maybe 1.56 area before going back up.
  • #319,845
  • Jul 26, 2012 7:51am Jul 26, 2012 7:51am
Quoting FXConveyor
Time for a bit of a breather me thinks. 1.5650 then maybe 1.56 area before going back up.
yeah im done for week.
  • #319,846
  • Jul 26, 2012 7:56am Jul 26, 2012 7:56am
swing swing

1.5697 sell TP 1.5470 SL 1.5800

probably I'll bite my nails but all pips today can cover it so why not
  • #319,847
  • Jul 26, 2012 7:56am Jul 26, 2012 7:56am
Quoting redbeben
swing swing

1.5697 sell TP 1.5470 SL 1.5800

probably I'll bite my nails but all pips today can cover it so why not
Like
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,848
  • Edited 8:56am Jul 26, 2012 7:57am | Edited 8:56am
Being a conspiracy buff, could insiders have known the unemployment number would be very favorable and bought in? When last was there a move like this?

I chose today to try Bunnygirl's method, OCO, pending buy stop 25 pips above the 02:00 cable price and pending sell stop 25 pips below the 02:00 cable price.
Obviously the buy stop was triggered and the sell stop was cancelled... One Cancels Other.
My mistake? was entering a take profit of 11 pips, which is better than naught.
Next time I will leave the take profit open ... would not that have been nice this day?
  • #319,849
  • Jul 26, 2012 8:01am Jul 26, 2012 8:01am
15% of account under water.

I'm seriously considering to quit trading GBP forever.
All orders except last two ale Sell Limit orders.

WTF candle.

Seb
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  • #319,850
  • Jul 26, 2012 8:26am Jul 26, 2012 8:26am
Quoting bguguen
Like
I don't like it that much but 1.5743 normally should cap this move up so we never know.I'll probably scale out on the way down and move SL to BE as soon as I can.

for now 1.5591 is in play later 1.5551(I wonder who the hell wrote about this level this morning....really can't remember ) and 1.5511 as last stop for now.....my clouds just started to print so cannot see that much into the future.
I'll update later tonight

I only fear Friday as you all know that Friday is ''trade against Redbeben for a win day'' so it should play all the way to 1.800000000000

REMEMBER TO ALLLLWWWAAAYYYSSS USE A SL
  • #319,851
  • Jul 26, 2012 8:28am Jul 26, 2012 8:28am
Quoting Flynchenberg
15% of account under water.

I'm seriously considering to quit trading GBP forever.
All orders except last two ale Sell Limit orders.

WTF candle.

Seb
I think it is photoshoped.you're a too old fox to fall into this sort of trap.

or if you really did it allow me to ask why you did not close all and only keep the 1.5700 one open ?

you will not win much but at least you minimise the risk and get all money back anyway on the way down.

anyway,fingers crossed for your trades mate.I want it down too but I am too small to make it drop.
  • #319,852
  • Jul 26, 2012 9:08am Jul 26, 2012 9:08am
Quoting redbeben
I think it is photoshoped.you're a too old fox to fall into this sort of trap.

or if you really did it allow me to ask why you did not close all and only keep the 1.5700 one open ?

you will not win much but at least you minimise the risk and get all money back anyway on the way down.

anyway,fingers crossed for your trades mate.I want it down too but I am too small to make it drop.
No mate,

Last two orders trying to scale out.

Rest is underwater for now.

Waiting for frau Merkel to response NEIN to Draghi or for some terrorist attack during the Olympics 2012.

And I do not use stop loss.




Seb
  • #319,853
  • Jul 26, 2012 9:20am Jul 26, 2012 9:20am
Quoting Flynchenberg
15% of account under water.

I'm seriously considering to quit trading GBP forever.
All orders except last two ale Sell Limit orders.

WTF candle.

Seb
-20% of the account
  • #319,854
  • Jul 26, 2012 9:22am Jul 26, 2012 9:22am
Quoting Flynchenberg
-20% of the account
H4 forming double top hold on to it if MM allow it.
swing it!
  • #319,855
  • Jul 26, 2012 9:26am Jul 26, 2012 9:26am
Quoting Flynchenberg
No mate,

Last two orders trying to scale out.

Rest is underwater for now.

Waiting for frau Merkel to response NEIN to Draghi or for some terrorist attack during the Olympics 2012.

And I do not use stop loss.




Seb

even superman decided was better to no try to stop a running train!
be careful
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90% of traders use TA, indicators and prediction
  • #319,856
  • Jul 26, 2012 9:28am Jul 26, 2012 9:28am
Hey Flynchenberg, ich auch
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Money never sleeps...
  • #319,857
  • Jul 26, 2012 9:29am Jul 26, 2012 9:29am
Can i see retracement to 5665 today ?
  • #319,858
  • Jul 26, 2012 9:30am Jul 26, 2012 9:30am
Quoting Flynchenberg
No mate,

Last two orders trying to scale out.

Rest is underwater for now.

Waiting for frau Merkel to response NEIN to Draghi or for some terrorist attack during the Olympics 2012.

And I do not use stop loss.




Seb
well as I said you're an old fox and know your MM better for not using SL

just advise the newbies not to do what you do unless they really know the business.

good luck with the shorts.1.5591 will come I hope .watch that area for any bounce back and try to cover from the minuses.
not preaching,just caring for others that fight against the corporations
  • #319,859
  • Jul 26, 2012 9:31am Jul 26, 2012 9:31am
just a bit of calculations:

GU price crashed from 1.63 to go till 1.53 and 1.54 area in the promise of the disappearing of EURO from the face of earth.
all the world bought USD against everything.
and sold GBP EUR etc.....

now, today, Draghi comes out and say "hey, europe is going great! far better than what we expected and blah blah blah"

believe him or not, the whole world is covering their shorts.

so... since the main move came from 1.63, we can see the first good slow down in this insane up move, something near 1.59 which is exactly the 61% of the down move.

maybe 1.5780 can give, today, some problems.

this is what i see in the daily charts.

hope this helps!

90% of traders use TA, indicators and prediction
  • #319,860
  • Jul 26, 2012 9:31am Jul 26, 2012 9:31am
i think many people got caught on that one, were at the top of the range now and she seems to be running out of legs, imhoping very soon reality will set in and we will ride it back down. Not even gonna watch it as if i did i will exit at breakeven as these trades get back to each point.

Instead im going to show some faith and come back tomorrow to see how low she has gone, luckily i have a decent amount in my account, im betting that todaymany have burst through their accounts and taken severla margin calls o their trades.

Live, learn, trade
Money never sleeps...
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