Cable Update (GBPUSD)

Quoting Faller

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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...

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Quoting bguguen

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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...

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Quoting redbeben

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I don't trade EMA's .

don't know what they are and how to use them.and now to old to learn something new.

just wanted to point out the meaningless of both indicators and fundies when market decides to screw us all.

so don't get cocky with the market coz the big boys out there like lil confident kids to fall into their nets

the explanation of the calls you have it in another post..the 500 pips one

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Quoting ovaforty

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well said...
Stop hunting is a part of Forex...The big boys can be brutal.

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Quoting bguguen

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Indeed Stop Hunting is part of Forex.... the BIG boys can be brutal, coming out form a person as knowlegable as you...
be careful on the next word though... i get fried for saying GBPUSD being a heavily manipulated instrument to trade...
Tech traders here dont really like words such as Intervention, Manipulation, Stop Hunting... etc...
they prefer if its all IN the charts....
but yes big boys can easily go against any EMA's or Trendline or Fib lines etc....

ah well today's one of those days where manipulation is obvious.... monday's also hugely...

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Quoting ovaforty

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It is August. Seasonal pattern. Hopium is in control for now until it is not.

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Quoting bguguen

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yea actually saw weird things happening on Monday.... EURUSD rising on a Falling Hang Sang Index... weird weird weird....
even the Hong Kong Stocks are completely directionless except those reporting on earnings and div. payouts... otherwise wow... this summer is not as exciting as the last...

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Quoting Ill-b-back

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I use software to swing trade and is not often wrong, I just got to trust the signals regardless of my own market view.
Awesome risk reward of at least 4/1 and sometimes 10/1 also.

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Quoting ovaforty

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My Forex mentor once told me something I never forgot.

You can be right in forex and still lose your ass.

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Quoting bguguen

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Indeed Stop Hunting is part of Forex.... the BIG boys can be brutal, coming out form a person as knowlegable as you...
be careful on the next word though... i get fried for saying GBPUSD being a heavily manipulated instrument to trade...
Tech traders here dont really like words such as Intervention, Manipulation, Stop Hunting... etc...
they prefer if its all IN the charts....
but yes big boys can easily go against any EMA's or Trendline or Fib lines etc....

[color="Red"]ah well today's one of those days where manipulation is obvious.......

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Quoting Freshpips

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I completely understand your intentions and appreciate them Faller. However, the reason I use pro-nouns instead of definitives is because I am not in a position to, as a newbie. I post my thoughts for others, like yourself, to comment on and let me know if I am on the right track or way way off... If I always knew what was going to happen for sure Id be a millionaire by now...
And this is said with no side to it, I do appreciate you taking the time to reply and its hopefully through conversing with traders such as yourself that I will become the...

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Quoting ovaforty

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Then what value is any of your posts, if not analyzing charts?

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Quoting redbeben

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manipulation or not I hope you learn something from this as 1.50 was cristal clear at the start of the month..now it's not that clear.

when I was telling you and not only me to lock or BE your shorts you kept your faith in whatever system you have.

now you lost the faith and shift to long.

best thing is to get in and out as quickly as poss.look at my trades

I always give a final TP but rarely I hold my guns till that point.

that's why I have 3 TP's and BE the trades as soon as TP1 is reached....the rest I prefer to trail to the...

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Quoting redbeben

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manipulation or not I hope you learn something from this as 1.50 was cristal clear at the start of the month..now it's not that clear.

when I was telling you and not only me to lock or BE your shorts you kept your faith in whatever system you have.

now you lost the faith and shift to long.

best thing is to get in and out as quickly as poss.look at my trades

I always give a final TP but rarely I hold my guns till that point.

that's why I have 3 TP's and BE the trades as soon as TP1 is reached....the rest I prefer to trail to the end.

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Quoting Faller

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The value of my posts.....hmmmmm - I can tell you that when you see a chart attached to my post it is of value. When I just make verbal comments it is up to you as to whether it is valuable or not.

Faller

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Quoting ovaforty

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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.

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Quoting bguguen

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i aint the only one thinking Post Summer Holiday would be a risk off resuming period....
though i wont say exactly when the HUGE risk off flow is gona happen but i know its gona be dollar Bullish, and US treasury yields falling and falling and falling....
what better time to do it....
let EURUSD and GBPUSD appreciate during august with puny banks pushing it up just for the big banks to come back from holiday with trillions to push these Risk pairs down.... oh boy...

like i said.... GBPUSD 1.50 by year end...

Interestingly..... there are always...

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Quoting bguguen

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Bro all i said... theres chance of seeing 1.62 or 1.63, but i still KEEEP to my word saying 1.50 by the END OF YEAR... get your facts right....
i can even afford to see GBPUSD go up to 1.62 before it finally tanks to 1.50 okay??
in fact thats better...

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Quoting bguguen

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i aint the only one thinking Post Summer Holiday would be a risk off resuming period....
though i wont say exactly when the HUGE risk off flow is gona happen but i know its gona be dollar Bullish, and US treasury yields falling and falling and falling....
what better time to do it....
let EURUSD and GBPUSD appreciate during august with puny banks pushing it up just for the big banks to come back from holiday with trillions to push these Risk pairs down.... oh boy...

like i said.... GBPUSD 1.50 by year end...

Interestingly..... there are always...

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