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Cable Update (GBPUSD)

  • #323,821
  • Sep 7, 2012 5:11am Sep 7, 2012 5:11am
Quoting Robertk
My grandma once came over. Didn't had a clue about the market. It made no sense to her at all. She would simply place a stop above a previous high when price is near. (Yes, she is smart!)

Having a 10 pip SL and always aiming for a ridiculous 100 pip TP. She would lose 20 times in a row not finding any logic in the market but that one winner out of 20 would make her breakeven.

You apparently don't have to make sense out of the market..

I obviously made this up but you get the point


in my country there is a word ''if you don't have grandparents buy one''
  • #323,822
  • Sep 7, 2012 5:11am Sep 7, 2012 5:11am
Quoting Ill-b-back
UBU!!!!!!!!!!!!

WHERE THE HELL HAVE YOU BEEN BROTHER??

I CAN'T SLEEP AT NIGHTS WONDERING
do u still have your sell position?
  • #323,823
  • Sep 7, 2012 5:18am Sep 7, 2012 5:18am
Quoting nAVIN2007
do u still have your sell position?
No bro, cut them off on the retrace last week.

I'm all buy and holding.

Just a small possie as not using SL and can handle large DD but waiting and holding until told to go short.

Looking at quarterly chart earlier and weekly PA, we could shoot very high. All on the back of some wild Euro rescue plan confirmation I guess.

Personally, I don't think it matters whether or not it will fix things in Europe. Where the big money goes is where it goes.

But don't trade fundies so just thinking about it for something to do.
Come with me if you want to live....
  • #323,824
  • Sep 7, 2012 5:29am Sep 7, 2012 5:29am
Quoting nAVIN2007
do u still have your sell position?
hi Nav, do you still remember when cable was 1.63xx last year?, both of us saw 1.65xx even 1.67xx looked very close.....and all was gone when suddenly cable was fall 1000 pips......i dont know wether the target you are talking is the same with last year target.......good luck mate, justbe carefull or i will hear somebody shooting 1000 pips to close his position next year.......good luck...
  • #323,825
  • Sep 7, 2012 5:40am Sep 7, 2012 5:40am
Quoting Red Alert
hi Nav, do you still remember when cable was 1.63xx last year?, both of us saw 1.65xx even 1.67xx looked very close.....and all was gone when suddenly cable was fall 1000 pips......i dont know wether the target you are talking is the same with last year target.......good luck mate, justbe carefull or i will hear somebody shooting 1000 pips to close his position next year.......good luck...

im either right or wrong but i wont exit not knowing..the market will fall b4 i do ..thats all i know..im stronger than ever!!

im always carefull
  • #323,826
  • Sep 7, 2012 5:54am Sep 7, 2012 5:54am
Quoting redbeben
today,on the contrary,GBP news were all green but the market went down....now how is that for logic ?

1.5954 as first stop and 1.5933 if we decide to go lower...but I still don't get why we did not get higher with the news....makes no sense.

friday anyway,keep your profits locked and your hands in your pockets in this kind of market.
good day to you all and have a great weekend

great nearly closed my buys

either bounce now or we go 1.5890

and that one is the key

EU about to close the cycle @ 1.2714...I'll watch that
  • #323,827
  • Sep 7, 2012 5:56am Sep 7, 2012 5:56am
Quoting Ill-b-back
No bro, cut them off on the retrace last week.

I'm all buy and holding.

Just a small possie as not using SL and can handle large DD but waiting and holding until told to go short.

Looking at quarterly chart earlier and weekly PA, we could shoot very high. All on the back of some wild Euro rescue plan confirmation I guess.

Personally, I don't think it matters whether or not it will fix things in Europe. Where the big money goes is where it goes.



But don't trade fundies so just thinking about it for something to do.
good for u..at some stage u had to bite the bullet..welldone
  • #323,828
  • Sep 7, 2012 5:58am Sep 7, 2012 5:58am
market has good memory
pay attention on previous perfect buy place which was broken without bounce
Attached Image (click to enlarge)
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  • #323,829
  • Sep 7, 2012 5:58am Sep 7, 2012 5:58am
CHF JPY sell a good time now

82.46 TP 82.20 /81.90/81.45
  • #323,830
  • Sep 7, 2012 6:00am Sep 7, 2012 6:00am
Quoting nAVIN2007
im either right or wrong but i wont exit not knowing..the market will fall b4 i do ..thats all i know..im stronger than ever!!

im always carefull
Ok Nav.... look at how the candle grow...., my warning just began......, let's see how far it will be
  • #323,831
  • Sep 7, 2012 6:08am Sep 7, 2012 6:08am
GU on a buy place lets look on smaller TF
Attached Image
  • #323,832
  • Sep 7, 2012 6:12am Sep 7, 2012 6:12am
Quoting bguguen
the general move is up... but i think ill allow a slight hint of doubt there... its NFP, Friday soo profit taking might happen before the weekend... sooo i woldnt be surprised if it might end in a bearish day....
if it ends a bullish day good...
if it ends a bearish day... hopefully it doesnt break any support so bulls can stay in control till 1.61
Like i said.... sorry navin but i had to repost... people in here are wondering what the hell is going on with the GBPUSD why its going down...
the fact is its NFP day and a Friday, very often profit taking means people will get out of their Risk positions back to the USD....
So this is the reason why i said ill give the benefit of the doubt that GBPUSD may pull back some to test that 61.8% fib line at 1.5905 we broken above yesterday...
have a look

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekly.gif Size: 26 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,833
  • Sep 7, 2012 6:13am Sep 7, 2012 6:13am
Quoting walkman
market has good memory
pay attention on previous perfect buy place which was broken without bounce
Nice one dude, you're worth you're weight that's for sure
Come with me if you want to live....
  • #323,834
  • Sep 7, 2012 6:14am Sep 7, 2012 6:14am
Quoting bguguen
Like i said.... sorry navin but i had to repost... people in here are wondering what the hell is going on with the GBPUSD why its going down...
the fact is its NFP day and a Friday, very often profit taking means people will get out of their Risk positions back to the USD....
So this is the reason why i said ill give the benefit of the doubt that GBPUSD may pull back some to test that 61.8% fib line at 1.5905 we broken above yesterday...
have a look

Attachment
Who is wondering why it is going down?
Come with me if you want to live....
  • #323,835
  • Sep 7, 2012 6:16am Sep 7, 2012 6:16am
Quoting bguguen
Like i said.... sorry navin but i had to repost... people in here are wondering what the hell is going on with the GBPUSD why its going down...
the fact is its NFP day and a Friday, very often profit taking means people will get out of their Risk positions back to the USD....
So this is the reason why i said ill give the benefit of the doubt that GBPUSD may pull back some to test that 61.8% fib line at 1.5905 we broken above yesterday...
have a look

Attachment
we going down cause (i think) cable is capped this week at around 1.6..many longed at the time of news release this move is to hold up ad take the other longs out of the picture..

think like a big fish who wants other peoples money
retest breakout area so after news it flies id imagine..however u have to love the creative of this folks..lol
  • #323,836
  • Sep 7, 2012 6:20am Sep 7, 2012 6:20am
Quoting Red Alert
Ok Nav.... look at how the candle grow...., my warning just began......, let's see how far it will be
fight fight fight fight



me like it
  • #323,837
  • Sep 7, 2012 6:20am Sep 7, 2012 6:20am
Quoting nAVIN2007
we going down cause (i think) cable is capped this week at around 1.6..many longed at the time of news release this move is to hold up ad take the other longs out of the picture..

think like a big fish who wants other peoples money
retest breakout area so after news it flies id imagine..however u have to love the creative of this folks..lol
THATS why i say if theres any day to hunt for stops and to hunt for stops below, it would be today with NFP and Profit Taking Friday.. thats why im not surprised to see GBPUSD down for today....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,838
  • Sep 7, 2012 6:24am Sep 7, 2012 6:24am
Quoting bguguen
Like i said.... sorry navin but i had to repost... people in here are wondering what the hell is going on with the GBPUSD why its going down...
the fact is its NFP day and a Friday, very often profit taking means people will get out of their Risk positions back to the USD....
So this is the reason why i said ill give the benefit of the doubt that GBPUSD may pull back some to test that 61.8% fib line at 1.5905 we broken above yesterday...
have a look

Attachment
Cable is going down because its the weaker cross of the two majors. Just watch how EUR/GBP exploded. 1 hour ago there was short term dollar strength kicking in as shown on DXY. However, EUR kept rising when GBP kept falling. EUR/CHF is the reason EUR is the stronger cross in EUR/GBP. Once EUR/CHF shows some exhaustion we should see a huge sell off on EUR/USD if dollar strength kicks in again...
  • #323,839
  • Sep 7, 2012 6:26am Sep 7, 2012 6:26am
Quoting Robertk
Cable is going down because its the weaker cross of the two majors. Just watch how EUR/GBP exploded. 1 hour ago there was short term dollar strength kicking in as shown on DXY. However, EUR kept rising when GBP kept falling. EUR/CHF is the reason EUR is the stronger cross in EUR/GBP. Once EUR/CHF shows some exhaustion we should see a huge sell off on EUR/USD if dollar strength kicks in again...
can i have that now ? 1.2714 missed by 3 pips

that was my target

now I need it to drop like hell as if it continues up above 1.2760 area we have non stop climb to 1.30
  • #323,840
  • Sep 7, 2012 6:28am Sep 7, 2012 6:28am
Quoting 42uNe
eurus long filled 1.2570, sticking with trend.
Euro nearing my first tp . Will see what happens at this 1.2725 level.
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily.jpg Size: 49 KB
The trend is a better friend!
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