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Cable Update (GBPUSD)

  • #322,121
  • Aug 21, 2012 10:13am Aug 21, 2012 10:13am
I was wondering why do I loose time on a forum when there is so much real life out there.....

there is nothing to learn here...and nobody cares who and what shares as all hold the only truth.


now I get it finally

I am a human being and It is in my nature to see a good fight.it's like people going to boxing games or full contact.we like to see blood...we are barbaric creatures.it natural

this is why I come back here just to see some fights in between generations and between countries and cultures.

I like to see people calling names at each other and the rest replying kindergarden style ''you'r mama is fat.noo you'r mama is fatter''

most have 10V..don't want to say again how they got them.

anyway,I'll read you silently from time to time when I feel the need to see a good mock.posting here....kind of stopped lately so I'll stick to this good habit
  • #322,122
  • Aug 21, 2012 10:17am Aug 21, 2012 10:17am
Quoting Faller
How do we define imminent when view charts?

Thanks....just trying to continue my education here.....

Faller.

I just said I believe - based on the fact that we have been in uptrend since 2/8, I can see this pair needing to retrace. Now this could be by 50 pips, or 150+ pips, I dont know. Im still very much learning. Ive been wrong before, Ill be wrong again...
And no disrespect intended, but with your '10+ vouchers' I have no idea why you would want to ask me anything, I see what you post and get an impression that you are very knowledgeable in terms of Forex.

I should be asking you...

What do you see Faller? In the shorterm/rest of the week?
  • #322,123
  • Aug 21, 2012 10:18am Aug 21, 2012 10:18am
Quoting PoundTrader
Ok boys im going all in, im short at 1.5738, 1.5755 and 1.5777, s/l 1.5900, t/p 1.5646.
now im short at 1.5738, 1.5755, 1.5777. and 1.5801, s/l 1.5933, t/p 1.5640. this is it for me, holding trade till s/l or t/p get hit, if s/l get hit it will whipe my account out
  • #322,124
  • Aug 21, 2012 10:20am Aug 21, 2012 10:20am
Quoting PoundTrader
now im short at 1.5738, 1.5755, 1.5777. and 1.5801, s/l 1.5933, t/p 1.5640. this is it for me, holding trade till s/l or t/p get hit, if s/l get hit it will whipe my account out
I'm supporting you bro,I'll use all my cents to make it go up and set you free

if I don't have enough it means you're stuck in a forex life


  • #322,125
  • Aug 21, 2012 10:23am Aug 21, 2012 10:23am
Quoting PoundTrader
now im short at 1.5738, 1.5755, 1.5777. and 1.5801, s/l 1.5933, t/p 1.5640. this is it for me, holding trade till s/l or t/p get hit, if s/l get hit it will whipe my account out

wow PT thats very brave my brother, i hope for your sake it bounces off my trend lines here.

im short too, not as heavy as you but we will be in it together..

fingers crossed my friend
Money never sleeps...
  • #322,126
  • Aug 21, 2012 10:23am Aug 21, 2012 10:23am
On the 5 min chart you can see that selling interest is beginning to appear right around the 1.5802 price. The bulls need to absorb these offers, before proceeding further, thus short term consolidation is taking place.
Bulls need to re-load their guns, and bears are beginning to defend.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 5 min.gif Size: 24 KB
  • #322,127
  • Aug 21, 2012 10:25am Aug 21, 2012 10:25am
Quoting PoundTrader
now im short at 1.5738, 1.5755, 1.5777. and 1.5801, s/l 1.5933, t/p 1.5640. this is it for me, holding trade till s/l or t/p get hit, if s/l get hit it will whipe my account out
I shorted gpb @1.5779 after you,wish us both good luck.
Believe what you see instead of what you think!
  • #322,128
  • Aug 21, 2012 10:28am Aug 21, 2012 10:28am
Quoting PoundTrader
now im short at 1.5738, 1.5755, 1.5777. and 1.5801, s/l 1.5933, t/p 1.5640. this is it for me, holding trade till s/l or t/p get hit, if s/l get hit it will whipe my account out
i'm short from 5775 sl 5820... and if that triggered i'm f**cked up
Sometimes it's better to be wrong,to learn..
  • #322,129
  • Aug 21, 2012 10:32am Aug 21, 2012 10:32am
thought this is a GBPUSD thread so ill post my analysis... im not trading no GBPUSD this week but i have a clear target given this move up where id be aiming to short this beast...

Looking at my charts.... reason why i aint shorting this week is obvious look at all that clustered S/R region turned support....

now i am no big fan of Longing against a Longer Term bearish trend so i look for shorts at higher price...
and im eyeing at the weekly and monthly chart now...

Weekly...
Look at where 1.62 area looks interesting.... EMA200 on the weekly chart acitng as resistance.... but that will mean this week will have to break that ema55 resistance that we are testing right about 1.5790
1.62 is also a downwards trendline area....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekly.gif Size: 20 KB

Monthly...
given 1.62 area looks interesting... FURTHER long time chart showing monthly GBPUSD... tells me oh where is the Monthly EMA55 acting as resistance... who would've thunk.... EMA55 is coming up on the 1.62 area too...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd monthly.gif Size: 20 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,130
  • Aug 21, 2012 10:33am Aug 21, 2012 10:33am
Gbp/usd is preparing the bullish formation again in short term.
  • #322,131
  • Aug 21, 2012 10:34am Aug 21, 2012 10:34am
[quote=KiNgEdwarD;5945747]i'm short from 5775 sl 5820... and if that triggered i'm f**cked up[/QUOTE

5820 would be a good place to put a short - might get lucky buts is a funny time of day London's winding down. For sure there is profit taking which might drag it down a bit.
  • #322,132
  • Aug 21, 2012 10:41am Aug 21, 2012 10:41am
If you press the gas pedal on a car to the floor when driving on the flat road and release half way up a large hill - the car will continue up but will gradually slow down......as it reaches the top.....if you don't touch the gas pedal again......once at the top.......you start to go down the other side.....and you can pick up speed again.

Price action works in much the same way........watch your charts.

I posted my trade from Early Monday morning and have closed with profit - now just waiting - I am flat.

Faller.
I don't trust any move - when you have profit...take it.
  • #322,133
  • Aug 21, 2012 10:45am Aug 21, 2012 10:45am
Quoting Freshpips
I just said I believe - based on the fact that we have been in uptrend since 2/8, I can see this pair needing to retrace. Now this could be by 50 pips, or 150+ pips, I dont know. Im still very much learning. Ive been wrong before, Ill be wrong again...
And no disrespect intended, but with your '10+ vouchers' I have no idea why you would want to ask me anything, I see what you post and get an impression that you are very knowledgeable in terms of Forex.

I should be asking you...

What do you see Faller? In the shorterm/rest of the week?

I asked you so that it may help you understand your own thinking.....I found that when I wrote more then just I think or I believe or this is imminent in the past.....other traders would say to me....Oh ya....why....how do you know - ya I would get pissed at them because I THOUGHT I knew......but it was not until I took the time to really investigate the charts and understand price action that I was able to actually articulate why price MAY move in a certain direction. Using words like, think, might, maybe, imminent are just words and without a detailed chart describing why you used those words......then as a trader we are just being hopeful or wishful. I was only trying to help you grow as a trader.........no harm meant.

Faller
I don't trust any move - when you have profit...take it.
  • #322,134
  • Aug 21, 2012 10:45am Aug 21, 2012 10:45am
just a little video i came by recently...
Good show this series "Twilight Zone"

Inserted Video
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,135
  • Aug 21, 2012 10:45am Aug 21, 2012 10:45am
Quoting Faller
If you press the gas pedal on a car to the floor when driving on the flat road and release half way up a large hill - the car will continue up but will gradually slow down......as it reaches the top.....if you don't touch the gas pedal again......once at the top.......you start to go down the other side.....and you can pick up speed again.

Price action works in much the same way........watch your charts.

I posted my trade from Early Monday morning and have closed with profit - now just waiting - I am flat.

Faller.
same, same but im already hoping to ride this back down that hill. Maybe even further than the start of the hill. Ok now i even confused myself.

Will hopefully see you at the bottom
Money never sleeps...
  • #322,136
  • Aug 21, 2012 10:46am Aug 21, 2012 10:46am
Closed all buy position with t/p 780usd. Just place sell at 5800 t/p at 5600. 5 pending order for sell limit and 5 for sell stop. :-$
  • #322,137
  • Aug 21, 2012 10:46am Aug 21, 2012 10:46am
Quoting C345
Start looking from around 6.30 am see whats happened overnight then Frankfurt open can produce some quick movement

Ill look into it, cheers bro much appreciated
  • #322,138
  • Aug 21, 2012 10:48am Aug 21, 2012 10:48am
Quoting Makavelli7
I really dont know what all this ramble is all about. FALLER this, CLIMBER that! this thread is turning out to be something else.

Just post your damn view and if someone disagrees fine. if they attack you ignore.I really dont see how the view of anyone would add or subtract funds from my bank account. Lets admit it, trading can be very boring so we all come here to jerk the fuck off just to pass time, so all ye gladiators, chill the fuck out!

qualitaty my brother, well said
Money never sleeps...
  • #322,139
  • Aug 21, 2012 10:52am Aug 21, 2012 10:52am
Quoting Makavelli7
I really dont know what all this ramble is all about. FALLER this, CLIMBER that! this thread is turning out to be something else.

Just post your damn view and if someone disagrees fine. if they attack you ignore.I really dont see how the view of anyone would add or subtract funds from my bank account. Lets admit it, trading can be very boring so we all come here to jerk the fuck off just to pass time, so all ye gladiators, chill the fuck out!
yeah....
  • #322,140
  • Aug 21, 2012 11:05am Aug 21, 2012 11:05am
Quoting ovaforty
We have a breakout to the upside today, as shown by the bullish daily candle. Price has finally broken above the cluster sma resistance. Touching the yellow 50 fib.
The market sentiment is quite bullish today, and if you trade against it today, you will suffer drawdowns.

the broken cluster sma resistence will act as support and needs to hold on the next retrace to re-test it.
1.5802 is the midpoint of the May monthly brearish engulfing candle. We need a close above it to confirm a bottom, and negate that May candle's dominance.

There is more...
this man knows how to use moving averages its great to see u post in here..learning new things from u..
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