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Cable Update (GBPUSD)

  • #320,461
  • Aug 2, 2012 11:59am Aug 2, 2012 11:59am
Woke up to feed the baby to find everything well covered and 10 percent profit.
OUT!!

Back to bed.
Come with me if you want to live....
  • #320,462
  • Aug 2, 2012 3:12pm Aug 2, 2012 3:12pm
Quoting Ill-b-back
Woke up to feed the baby to find everything well covered and 10 percent profit.
OUT!!

Back to bed.
i 've seen may shorts position on your chart and seeing where the cable right now, i am not hesitate to say that you are the happy man.......enjoy your green pips dude......
absolutely risky but finally it is paid properly....
  • #320,463
  • Aug 2, 2012 3:40pm Aug 2, 2012 3:40pm
Closed all my shorts and entered a buy based on trendline at Bottom and a strong demand area in green . CONFLUENCE ...
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Human
  • #320,464
  • Aug 2, 2012 4:30pm Aug 2, 2012 4:30pm
Quoting taomql4
Some of guys give fundies way too much credit .. Sometimes it's just order flow dynamics ...Sellers vs. Buyers fighting ...Marked my spots Yesterday , and could give 2 sh*t's about what Draghi was sayin today .. lol - We all know Interventions fail , and they fail for one reason - ORDER FLOW ..If they come into this market(BTW , it's not that easy to move..lol) at Wrong levels , they 'll get whacked just like the rest of us mere mortals ..
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  • #320,465
  • Aug 2, 2012 4:33pm Aug 2, 2012 4:33pm
Quoting Red Alert
i 've seen may shorts position on your chart and seeing where the cable right now, i am not hesitate to say that you are the happy man.......enjoy your green pips dude......
absolutely risky but finally it is paid properly....
Hi Red, how's your trading going?
Yes, closed the 3 bottom shorts out at a loss but the others took care of that. Made money on the hedging longs also but that was the end of last month.
Come with me if you want to live....
  • #320,466
  • Aug 2, 2012 4:37pm Aug 2, 2012 4:37pm
today's insanity not broke previous low.
i wonder what else is required to do that..
i thought to find price already in 1.53 area since maybe even my grandma went short in GU.

while i simply see a possible insane reversal daily candle.

i don't trade candles but... seems to me not a continuation one.
am i right?
90% of traders use TA, indicators and prediction
  • #320,467
  • Aug 2, 2012 4:40pm Aug 2, 2012 4:40pm
i remember GU did a similar move some months ago. was not a 200pips one... was small 70-80 pips one.
i don't remember what happened next.
let me check it.
90% of traders use TA, indicators and prediction
  • #320,468
  • Aug 2, 2012 5:02pm Aug 2, 2012 5:02pm
.....
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  • #320,469
  • Aug 2, 2012 5:11pm Aug 2, 2012 5:11pm
cannot find it.

anyway.... weekly line goes near 5420-30 today.
which is also a good previous low.

will it finally give up?

90% of traders use TA, indicators and prediction
  • #320,470
  • Aug 2, 2012 5:38pm Aug 2, 2012 5:38pm
Quoting redbeben
wonder if I should cash out or keep EU to 1.2050?

aaa GU as well
Nice one Redbeben, personally I'd like to see a grind down to the 5393 area again and a daily close above. I'll think of buying then.
Come with me if you want to live....
  • #320,471
  • Aug 2, 2012 6:17pm Aug 2, 2012 6:17pm
I think it is going toward 1.59 in two weeks time. I bought @ 1.5507 and placed my ST @ 1.380. If it goes further down I would buy another lot @ 1.4400.
It is just my feeling that it is going toward 1.59
  • #320,472
  • Aug 2, 2012 6:24pm Aug 2, 2012 6:24pm
We just had the mother of all shake outs.
Have we now got some momentum?

Trade what you see, as I can afford to be wrong
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Come with me if you want to live....
  • #320,473
  • Aug 2, 2012 6:26pm Aug 2, 2012 6:26pm
it is all in the charts....do you see what I see?
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I don't trust any move - when you have profit...take it.
  • #320,474
  • Aug 2, 2012 6:41pm Aug 2, 2012 6:41pm
Quoting Ill-b-back
Hi Red, how's your trading going?
Yes, closed the 3 bottom shorts out at a loss but the others took care of that. Made money on the hedging longs also but that was the end of last month.
Hi mate, i am not good in hedge like you....
My trading going well so far..., good day and some time bad but overall my weekly target has been achieved ... so i am happy with this..
  • #320,475
  • Aug 2, 2012 7:00pm Aug 2, 2012 7:00pm
Look at your charts - look at a 4 hour chart. See that huge green bar on July 26th......remember why that bar happened?

Now look at the retrace that happened today - do you remember why price came down?

Now ask yourself why did price not go below the low on July 26th.....

Things were bad on July 25 and 26th....but on the 26th something happened to push price to the moon. Now today something happened.....and as bad as it was.....price did not go below the low of July 25, 26.......

That is all I am going to say.

Faller.
I don't trust any move - when you have profit...take it.
  • #320,476
  • Aug 2, 2012 7:00pm Aug 2, 2012 7:00pm
Quoting Faller
it is all in the charts....do you see what I see?


You see a rise back up the 1.5775 mark,

I see a definite rise but i have set TP @ 1.565 to be safe.

NFP and Unemployment tomorrow, im expecting weak numbers again..

Good luck to all but im long @ 1.551
Money never sleeps...
  • #320,477
  • Aug 2, 2012 7:01pm Aug 2, 2012 7:01pm
Quoting Red Alert
Hi mate, i am not good in hedge like you....
My trading going well so far..., good day and some time bad but overall my weekly target has been achieved ... so i am happy with this..
Hi Red, that's great mate, it's all we can ask for eh?
Thank God I was watching TV when that spike happened, I would have had a heart attack.
Turned on the screen as it retreated back into the swing low range and felt a little better

Anyway, off to work and inlaws over for dinner tonight so leaving alone until Monday.

Take care dude
Come with me if you want to live....
  • #320,478
  • Aug 2, 2012 7:10pm Aug 2, 2012 7:10pm
Quoting inpatient
You see a rise back up the 1.5775 mark,

I see a definite rise but i have set TP @ 1.565 to be safe.

NFP and Unemployment tomorrow, im expecting weak numbers again..

Good luck to all but im long @ 1.551

On July 26th Draghi spouted off that there will be a BIG canon to fix the Euro zone - markets loved it and went crazy.......

Today Draghi said - uh errrr no ummmmm - you guys did not understand me.....I did not say what you thought I said - you just read into things too much...

So what do you think? Do you really think they will let things go to shit and have anarchy all over the world?

Watch out for the next comments saying - ya well errrr uh - what I really meant by what I said today is that I really meant what I said on July 26th....I just did not want to really admit it because prices were getting away - so I had to bring them back a bit so that all my banking friends could get in at a better price.....

Draghi -
I don't trust any move - when you have profit...take it.
  • #320,479
  • Aug 2, 2012 7:16pm Aug 2, 2012 7:16pm
Quoting Faller
Today Draghi said - uh errrr no ummmmm - you guys did not understand me.....I did not say what you thought I said - you just read into things too much...


Draghi -

Thats funny, i know PT and Faller have long sentiments and i for one after what seems like a billion hours of research, looking at stats feel that at the very least the short term (3-5 days will see us again at least in the high 1.56's) A bit ballsy but my long is already in place and to prevent me taking it off im not even going to watch overnight or tomorrow news. Just let the TP or S/L @ 1.545 close me out.
Money never sleeps...
  • #320,480
  • Aug 2, 2012 7:34pm Aug 2, 2012 7:34pm
Quoting inpatient
Thats funny, i know PT and Faller have long sentiments and i for one after what seems like a billion hours of research, looking at stats feel that at the very least the short term (3-5 days will see us again at least in the high 1.56's) A bit ballsy but my long is already in place and to prevent me taking it off im not even going to watch overnight or tomorrow news. Just let the TP or S/L @ 1.545 close me out.

ack -- PT don't know shit - and I don't know nuf ing
I don't trust any move - when you have profit...take it.
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