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Cable Update (GBPUSD)

  • #322,141
  • Aug 21, 2012 11:10am Aug 21, 2012 11:10am
Quoting nAVIN2007
this man knows how to use moving averages its great to see u post in here..learning new things from u..
Thanx, Nav.

The market is now pulling back to re-test broken res turned support, short term, which makes for a good scalp short if you can get in and out quickly.

I am looking to build some long positions at the re-tested support areas looking ahead to friday.
  • #322,142
  • Aug 21, 2012 11:12am Aug 21, 2012 11:12am
bullish or bullshit ?
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not euphoria follower
  • #322,143
  • Aug 21, 2012 11:12am Aug 21, 2012 11:12am
Quoting inpatient
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

Still short from 1.5770.. Sold again from 1.5796
sl @ 1.5815...
Come on bearsssssss
  • #322,144
  • Aug 21, 2012 11:17am Aug 21, 2012 11:17am
Quoting ovaforty
Thanx, Nav.

The market is now pulling back to re-test broken res turned support, short term, which makes for a good scalp short if you can get in and out quickly.

I am looking to build some long positions at the re-tested support areas looking ahead to friday.
yes retest of previous monthly high..hopefully it will act as support
  • #322,145
  • Aug 21, 2012 11:19am Aug 21, 2012 11:19am
Quoting ovaforty
Thanx, Nav.

The market is now pulling back to re-test broken res turned support, short term, which makes for a good scalp short if you can get in and out quickly.

I am looking to build some long positions at the re-tested support areas looking ahead to friday.
What exit would you take on any said 'short' scalp?
Money never sleeps...
  • #322,146
  • Aug 21, 2012 11:20am Aug 21, 2012 11:20am
Quoting nAVIN2007
yes retest of previous monthly high..hopefully it will act as support
You know what nav? im starting to believe we might see 1.62 real soon.... looked back at what the monthly chart does... when EMA crossed for the bearish....GBPUSD Shoots up and when EMA crossed for Bullish its tanks... oooooo
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,147
  • Aug 21, 2012 11:20am Aug 21, 2012 11:20am
I am neither Bull nor Bear on the gbp/usd.
Holding a personal bias will affect what you see on the charts. You will look for signs to justify your bias, and see only what you want to see.

I short this pair at times and buy this pair at times.

Let the charts dictate to you what the momentum is, and look for value.

buy low, sell high.
  • #322,148
  • Aug 21, 2012 11:21am Aug 21, 2012 11:21am
Quoting nAVIN2007
yes retest of previous monthly high..hopefully it will act as support

You think this will test the 1.573's Nav?
Money never sleeps...
  • #322,149
  • Aug 21, 2012 11:25am Aug 21, 2012 11:25am
Quoting inpatient
What exit would you take on any said 'short' scalp?
Looking at the 4 hour chart, I would say around 1.5762 or so, as a good tp level for a short scalp.
  • #322,150
  • Aug 21, 2012 11:26am Aug 21, 2012 11:26am
Quoting bguguen
You know what nav? im starting to believe we might see 1.62 real soon.... looked back at what the monthly chart does... when EMA crossed for the bearish....GBPUSD Shoots up and when EMA crossed for Bullish its tanks... oooooo

1.62 is a long way away from the straight to 1.53 that was in your analysis a week or so ago - Did the charts really change that much? Would love to see your chart analysis on your change or mind with respect to potential price movement on this pair.

Your knowledge is very much appreciated.

Faller
I don't trust any move - when you have profit...take it.
  • #322,151
  • Aug 21, 2012 11:30am Aug 21, 2012 11:30am
Quoting Faller
1.62 is a long way away from the straight to 1.53 that was in your analysis a week or so ago - Did the charts really change that much? Would love to see your chart analysis on your change or mind with respect to potential price movement on this pair.

Your knowledge is very much appreciated.

Faller
There is divergence between long term and short term. You know this.

Let it rest Faller.

Post your charts and analyze for us.
  • #322,152
  • Aug 21, 2012 11:31am Aug 21, 2012 11:31am
Quoting bguguen
You know what nav? im starting to believe we might see 1.62 real soon.... looked back at what the monthly chart does... when EMA crossed for the bearish....GBPUSD Shoots up and when EMA crossed for Bullish its tanks... oooooo
what happened to 1.5000 or 1.4500 ? you mean.....we're not going down now? but but all the fundies pointed south...but but all the time spent in school and all the economics and the masters...but but .....but whyyyyy

i know I know I am a mean man
  • #322,153
  • Aug 21, 2012 11:41am Aug 21, 2012 11:41am
Quoting ovaforty
There is divergence between long term and short term. You know this.

Let it rest Faller.

Post your charts and analyze for us.

I ask so that they can become better traders. I have nothing vested in anyone but myself - it was comments like mine from other traders in here that shook me up and made me become a better trader......
I don't trust any move - when you have profit...take it.
  • #322,154
  • Aug 21, 2012 11:44am Aug 21, 2012 11:44am
Quoting Faller
I ask so that they can become better traders. I have nothing vested in anyone but myself - it was comments like mine from other traders in here that shook me up and made me become a better trader......
So, post a chart and analyse it for us.
  • #322,155
  • Aug 21, 2012 11:45am Aug 21, 2012 11:45am
Quoting redbeben
what happened to 1.5000 or 1.4500 ? you mean.....we're not going down now? but but all the fundies pointed south...but but all the time spent in school and all the economics and the masters...but but .....but whyyyyy

i know I know I am a mean man
wow dude... you enjoy pissing people off??
like i said... its only in the Monthly chart which i seen a possible contradictory movement...
unfortunately.... the EMA's can point Bullish wiht the Market Moving along with the EMAs Bullishly until Bullish EMA meets a Heavy Selloff....

i mean id like to share sth...
get a monthly chart... put EMA55 and EMA 200, you'll realise... the market only goes up so high ACCORDING to the EMAs until it collapses....
soooo right now... EMA55 is below EMA200 on the monthly... means it could only go DOWN so low until a HUGE shoot up... problem is we dont knwo where the shootup will happen.....

it could happen down at 1.50, it could happen down at 1.45, or hell evel 1.20 if you want....
Talking Monthly Chart here...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,156
  • Aug 21, 2012 11:48am Aug 21, 2012 11:48am
Quoting ovaforty
So, post a chart and analyse it for us.

I did the other day when I posted my trade entry and target - there is not much to analyze right now - we just made the move up that I analyzed.....right now I have nothing to say about the charts - when I see what I look for again.......then I will post the chart with my analysis.....until then I sit and wait and watch.....right now it is a crap shoot.....price will range or move up a bit or move down a bit - but the next actually move that will be worth while trading has not come up yet. All I can say is that the markets are really giving it back today - and that will factor in to moves later -

I wait......

Faller.
I don't trust any move - when you have profit...take it.
  • #322,157
  • Aug 21, 2012 11:53am Aug 21, 2012 11:53am
Quoting Faller
I did the other day when I posted my trade entry and target - there is not much to analyze right now - we just made the move up that I analyzed.....right now I have nothing to say about the charts - when I see what I look for again.......then I will post the chart with my analysis.....until then I sit and wait and watch.....right now it is a crap shoot.....price will range or move up a bit or move down a bit - but the next actually move that will be worth while trading has not come up yet. All I can say is that the markets are really giving it back...
Then what value is any of your posts, if not analyzing charts?
  • #322,158
  • Aug 21, 2012 12:00pm Aug 21, 2012 12:00pm
1.5802 was tested and price was rejected on first attempt.
Frankfurt and London traders are leaving the market, which is a fairly consistent daily pattern. This means a loss of momentum traders who had previously pushed up the price on gbp/usd.

If Risk Appetite prevails, we will see another test of that rejection later.

Risk Aversion market sentiment would of course negate this analysis.
  • #322,159
  • Aug 21, 2012 12:02pm Aug 21, 2012 12:02pm
Quoting ovaforty
There is divergence between long term and short term. You know this.

Let it rest Faller.

Post your charts and analyze for us.
now this is what I call taking sides

I might be wrong here but logics tell me that from 1.57XX when short was called with 1.50-52 TP are some 500 pips

from 1.57XX where we are now to 1.6300 are again 500 pips


long term short term divergence or not 500 pips up or 500 pips down is somewhere in the middle.

you cannot call one thing then switch on another thing with 1000 pips diff

or let me put it anotherway

if 1.57XX is the level it did not matter which way you were opening the trade as per divergence you'd still win it at the end

not pulling laces here just ponting out how humans are shifting opinions every 5 min .

anyway,I don't care who's right or wrong in this fight if there is any fight here.I think half of the traders here have an attitude problem when they are proven wrong
  • #322,160
  • Aug 21, 2012 12:05pm Aug 21, 2012 12:05pm
Quoting redbeben
now this is what I call taking sides

I might be wrong here but logics tell me that from 1.57XX when short was called with 1.50-52 TP are some 500 pips

from 1.57XX where we are now to 1.6300 are again 500 pips


long term short term divergence or not 500 pips up or 500 pips down is somewhere in the middle.

you cannot call one thing then switch on another thing with 1000 pips diff

or let me put it anotherway

if 1.57XX is the level it did not matter which way you were opening the trade as per divergence you'd still win it at the end...
Well said...

There are both Bulls and Bears in every pair. Both can profit if timing and value are correct.
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