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Cable Update (GBPUSD)

  • #320,441
  • Aug 2, 2012 8:07am Aug 2, 2012 8:07am
Morning,
Would you say Draghi is Draghin it out some more?

Price rejection same area as yesterday. My other short was stopped out in the money, opened new one already safe SL.
Attached Image (click to enlarge)
Click to Enlarge Name: GU post draghi 2 Aug 2012.png Size: 54 KB
"My 2 cents"
  • #320,442
  • Aug 2, 2012 8:14am Aug 2, 2012 8:14am
Quoting bguguen
Hmmmmm Pick one...

"I told you so..."
"I know nothing..."
"Im not always right, but when i am...."
neah,nonsense.news arena cannot be called ''right'' or ''told you so''

what if Draghi and the rally continued with GU to 1.60 today ?

anyway...there is a word that says the bottle does not go many times to the river

so one time it's a mistake to hold trades on minus
second time as well

third time maybe the acc will be blown.

anyway your account your call still I don't get how newbies can learn anything from this
  • #320,443
  • Aug 2, 2012 8:22am Aug 2, 2012 8:22am
I know FOMC was yesterday, but i just wanted to share a pic i found on website.
http://www.fundamentalforexoutlook.c...8/FOMC-QE3.jpg
"My 2 cents"
  • #320,444
  • Aug 2, 2012 8:22am Aug 2, 2012 8:22am
Quoting redbeben
neah,nonsense.news arena cannot be called ''right'' or ''told you so''

what if Draghi and the rally continued with GU to 1.60 today ?

anyway...there is a word that says the bottle does not go many times to the river

so one time it's a mistake to hold trades on minus
second time as well

third time maybe the acc will be blown.

anyway your account your call still I don't get how newbies can learn anything from this
Best not to learn from me... im churning money the way i trade, but doesnt mean it suits everyone's stomach...
Instead i teach them to develop their OWN trading style and trade their own strategy.

BTW that phrase of yours... though true, all water will end up in the sea....
no matter how much they come out saying EURO is saved.... there are just too many structural problems still to be fixed that they have not focused much, reason why i know Shorting is the best strategy...
Nothing was solved last friday.... all Mario did was say oh we'll give ESM a banking license... and wts the big deal of that? it doesnt promote growth it doesnt do shit.... and the EURO rallies?? lol easy... sell it sell it till the death.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #320,445
  • Aug 2, 2012 8:22am Aug 2, 2012 8:22am
Here's the H4 supply and demand levels Dollar Index. Well worth keeping an eye on.
Attached Image (click to enlarge)
Click to Enlarge Name: H4USDX.png Size: 31 KB
  • #320,446
  • Aug 2, 2012 8:25am Aug 2, 2012 8:25am
Quoting bguguen
Best not to learn from me... im churning money the way i trade, but doesnt mean it suits everyone's stomach...
Instead i teach them to develop their OWN trading style and trade their own strategy.
atta boy

just stress out about the importance of SL use.no matter the trading style a SL is a safety net.you saw the moves

55 pips up and 140 down on GU M5 candle
  • #320,447
  • Aug 2, 2012 8:38am Aug 2, 2012 8:38am
Quoting redbeben
atta boy

just stress out about the importance of SL use.no matter the trading style a SL is a safety net.you saw the moves

55 pips up and 140 down on GU M5 candle
Indeed!

HEY NEWCOMERS, SL IS REALLY IMPORTANT... takes years of trading to trade without it... and YES i do keep in mind when to close trades manually but SL should be the first thing to learn to use!

Only reason why im not using SL is because im slightly suspecting my broker's legitimacy.... i have a SL in my head but i dont want to put it in order just in case i get stopped out
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #320,448
  • Aug 2, 2012 8:40am Aug 2, 2012 8:40am
Quoting Prochartist
yesterday gold went down first then all market after few hours dive down ...
today gold went to 1607 leading the way that dollar is weak and eurusd, audusd, nzdusd correct almost full correction from yesterday dive...
news came good from uk in the morning and economy now is revived cos of Olympic event this month... & the last 16h been holding bravely above the support 1,5520... & 1,57 is only 150 pips far...
Today ECB and all europ will not damage the euro cos they did say they will do everything to protect euro & all today are waiting actions...

and my gold sell did not even reach TP2...1575 before 155X level

as for ECB....I belived in fairytales when I was 5..in santaclaus till I was 9...later I was just stalking my parents to see what they put under the tree.

I stopped beliving in what politicians and banksters say when....when I started trading.if anyone still belives the words they say better find a job and start the rat trap again
  • #320,449
  • Aug 2, 2012 8:59am Aug 2, 2012 8:59am
WHERE'S my boy navin
  • #320,450
  • Aug 2, 2012 9:03am Aug 2, 2012 9:03am
Quoting Flynchenberg
-20% of the account
BTW: I closed all orders with profit on the recent move down : +5%.
LOL

Seb
  • #320,451
  • Aug 2, 2012 9:21am Aug 2, 2012 9:21am
buy 1.5550

tp 5800
  • #320,452
  • Aug 2, 2012 9:31am Aug 2, 2012 9:31am
WTF,,,, just woke up and checked the chart.

No trading today for me this thing is crazy unpredictable right now.
Money never sleeps...
  • #320,453
  • Aug 2, 2012 9:32am Aug 2, 2012 9:32am
Quoting wasabeclaw
buy 1.5550

tp 5800
make it 1.5605 first thjen 1.5635 and last 1.5665 if we go that high.

I have a pending sell @ 1.5635 anyway and buy till there
  • #320,454
  • Aug 2, 2012 10:01am Aug 2, 2012 10:01am
Quoting redbeben
wonder if I should cash out or keep EU to 1.2050?

aaa GU as well
still going
  • #320,455
  • Aug 2, 2012 10:12am Aug 2, 2012 10:12am
Quoting redbeben
still going
Brother, I hope you can now see one of the reasons why i hardy do channel trading
The only way not to think about money is to have a great deal of it
  • #320,456
  • Aug 2, 2012 10:18am Aug 2, 2012 10:18am
Quoting redbeben
still going
Let it roll let it roll, down to 1.53 here we go!! Never hesitated my shorts @ 1.5767 ( for accurate purpose), 1.5700 and 1.5650

Never hesitated, not one bit! I wonder where faller is, wish him green pips but i think i saw him saying hes on the sidelines today... Now that is smart, whennin doubt, just stay out!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #320,457
  • Aug 2, 2012 10:39am Aug 2, 2012 10:39am
Quoting bguguen
Let it roll let it roll, down to 1.53 here we go!! Never hesitated my shorts @ 1.5767 ( for accurate purpose), 1.5700 and 1.5650

Never hesitated, not one bit! I wonder where faller is, wish him green pips but i think i saw him saying hes on the sidelines today... Now that is smart, whennin doubt, just stay out!


Great buying opportunity at 1.53s?
Money never sleeps...
  • #320,458
  • Aug 2, 2012 10:49am Aug 2, 2012 10:49am
Quoting inpatient
Great buying opportunity at 1.53s?
Yup! A great buying opportunity at 1.5300, just hope the price falls to that level by the end of today.

F
  • #320,459
  • Aug 2, 2012 11:02am Aug 2, 2012 11:02am
Quoting inpatient
Great buying opportunity at 1.53s?
i cant say for sure yet.... simply becasue we havent tested that area for some time now... god knows hwo many orders are stacked there... if GBPUSD is prime to long at 1.53, i will be looking for a bottom at 1.53 then a pullback and retest 1.53 but creating a Higher Low would confirm a possible W shaped rebound....
it works with trading stocks and so does forex...
Only thing is.... we cant trade 1H charts anymore... we are seeping into summer trading and Higher TF's provide a clearer picture in all this mess....
thats why im trading Daily and Weekly TF... thats also why im loading shorts at 1.5650 and 1.5700 and 1.5767, they are all HIGH TF EMA's acting as resistance against a Pound Rally and they were very solid as we saw since Friday's Spike...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #320,460
  • Aug 2, 2012 11:54am Aug 2, 2012 11:54am
Hello everyone -

I just have one bloody question!!!!!!! Who sent that GODDAM TROJAN PHUCKING MULTPLYING VIRUS TO ME!!!!!!!!!

Since 1991 - and my first computer (386DX) - I have never ever got a VIRUS!!!!!! Well yesterday my main trading desk computer got violated in ways that I cannot speak of - No cleaner was able to help me....the thing dug in and started to multiple...........thanks to whoever was hunting me down. I have now changed all locations of everything so I can never be found again......

And yes - I had to do a complete format and re-install of operating system and all programs.....but maybe it was a blessing in disguise as the issues kept me out of the market today -

Hope everyone is doing well.....going for a break now. Might just take the rest of the week off.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
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