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Cable Update (GBPUSD)

  • #326,021
  • Oct 6, 2012 8:02am Oct 6, 2012 8:02am
Quoting bguguen
Too much muppet show lately..... "Oh, look positive nfp, and gbpusd flying high, let me long at the daily high...."
My god.....
Still holding shorts and like i said my long term targets ar 1.5950 and 1.5840 in extension
you got that right.risk on will continue on all USd news no matter if they are good or bad.

price followed techs on the last move up but I only saw 1.6192 on this one and nothing more...I was wrong by 20 pips.

I'll keep last small short to my 5394 target but if we get to 5900 by the end of next week...if not....we have a problem going that low
  • #326,022
  • Oct 6, 2012 2:05pm Oct 6, 2012 2:05pm
Quoting redbeben
you got that right.risk on will continue on all USd news no matter if they are good or bad.

price followed techs on the last move up but I only saw 1.6192 on this one and nothing more...I was wrong by 20 pips.

I'll keep last small short to my 5394 target but if we get to 5900 by the end of next week...if not....we have a problem going that low
Heres why people fail to realize... they think that QE means a DEFINITE that the USD will weaken.... its not the case.... in QE2, we saw a increased of supply of the Dollar by printing more dollar... then what happens? Demand for the Dollar Rises too...
so in effect WE DONT KNOW what QE really does... it can either strengthen or weaken the dollar, theres no hard evidence that its 100% true that the dollar will weaken on QE....

and im pretty sure 95% of the traders would say OH QE3... dollar's gona weaken when the remaining 4.99999% would realize they are printing more money to increase supply as theres an excessive demand for the dollar to meet...
thats why 4.99% traders are short and they are making big money.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,023
  • Oct 6, 2012 3:47pm Oct 6, 2012 3:47pm
Quoting bguguen
Heres why people fail to realize... they think that QE means a DEFINITE that the USD will weaken.... its not the case.... in QE2, we saw a increased of supply of the Dollar by printing more dollar... then what happens? Demand for the Dollar Rises too...
so in effect WE DONT KNOW what QE really does... it can either strengthen or weaken the dollar, theres no hard evidence that its 100% true that the dollar will weaken on QE....

and im pretty sure 95% of the traders would say OH QE3... dollar's gona weaken when the remaining 4.99999% would realize...
I agree with what you are saying and I assume that when you say 4.99% traders are short and they are making big money you are meaning short on the xxxUSD pairs. Ben isn't the only one at it... they all are! BoE will announce next month an extension to their QE programme. BoJ are adding like there is no tomorrow, SNB are selling CHF to keep the 1.3 floor on EURCHF and increasing their currency reserves massively. China are increasing their stimulus package to soften the so called hard landing. It is all being done to speed up the deleveraging going on caused by the massive spending in the West before the financial crash 5 years ago. It will take another 10 years before the West has completed deleveraging and increased the money supply to make the existing debt more manageable. Inflation will rear it's ugly head eventually and double maybe triple figures will happen once the world is swimming in fiat currency! Hence gold will be breaking that all-time top next year!

I hope all is well with you and it sounds that you have learned a lot in the past 12 months and now going from strength to strength. You certainly have determination, so you'll go far. Glad to see that you're not getting as hot headed with some members on here... waste of time to argue your opinions! Keep up the good work matey... Take it easy!

P.S. Volforex is not a muppet if you were referencing him. He might be going on about sharks, but he does seem to have a good understanding of how the volume with his broker affects price and direction. Remember that traders trade in many different ways and all can be successful as ultimately trading is about you and nothing else!
  • #326,024
  • Edited 2:11pm Oct 7, 2012 1:23pm | Edited 2:11pm
Mmm...back to the charts
.M15
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #326,025
  • Oct 7, 2012 3:45pm Oct 7, 2012 3:45pm
Quoting kaspopsicle
Mmm...back to the charts
.M15
Any readable from Charts, please!

From my opinion, the down move is non-stop train will break previous low soon, if not tomorrow due to low trading volume as usual, will occur in Tuesday

Any way, market has its own logics.
  • #326,026
  • Oct 7, 2012 3:57pm Oct 7, 2012 3:57pm
Quoting kaspopsicle
Mmm...back to the charts
.M15
What are those lines kaspopsicle? I'm wondering where 1.6163 is?
Gone to a better place
  • #326,027
  • Oct 7, 2012 4:11pm Oct 7, 2012 4:11pm
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hope u guys will find somthing profitable
  • #326,028
  • Oct 7, 2012 4:25pm Oct 7, 2012 4:25pm
Quoting ForexRatVN
Any readable from Charts, please!

From my opinion, the down move is non-stop train will break previous low soon, if not tomorrow due to low trading volume as usual, will occur in Tuesday

Any way, market has its own logics.
Ooooohhhhhhh, yes please
Come with me if you want to live....
  • #326,029
  • Oct 7, 2012 4:32pm Oct 7, 2012 4:32pm
Quoting Ill-b-back
Ooooohhhhhhh, yes please

still have open possitions?
Loosening is not an option
  • #326,030
  • Oct 7, 2012 4:35pm Oct 7, 2012 4:35pm
Quoting Vilkas
still have open possitions?
Long open from late August, couldn't close last week as on holidays. Home from a morning massage job in 10min, will close then, and go short
Come with me if you want to live....
  • #326,031
  • Oct 7, 2012 4:36pm Oct 7, 2012 4:36pm
Quoting Ill-b-back
Long open from late August, couldn't close last week as on holidays. Home from a morning massage job in 10min, will close then, and go short
I see I still have short opened shit happens when forgot to put SL )
Loosening is not an option
  • #326,032
  • Oct 7, 2012 4:41pm Oct 7, 2012 4:41pm
Quoting Vilkas
I see I still have short opened shit happens when forgot to put SL )
What is current price? What is wrong with shorting? Gapped up??
Come with me if you want to live....
  • #326,033
  • Oct 7, 2012 4:44pm Oct 7, 2012 4:44pm
Quoting Ill-b-back
What is current price? What is wrong with shorting? Gapped up??
Nothing is wrong current price is 1.6137 but I have short opened since Wednesday
Loosening is not an option
  • #326,034
  • Oct 7, 2012 4:48pm Oct 7, 2012 4:48pm
Quoting Vilkas
Nothing is wrong current price is 1.6137 but I have short opened since Wednesday
Oh ok, sounds good

I'm long from 5862, it's great how bulls and bears can both win at times eh

What was your SL comment about?, I misunderstood.
Come with me if you want to live....
  • #326,035
  • Oct 7, 2012 4:51pm Oct 7, 2012 4:51pm
Quoting Ill-b-back
Oh ok, sounds good

I'm long from 5862, it's great how bulls and bears can both win at times eh

What was your SL comment about?, I misunderstood.

Forgot to put SL ) and left, came back, and was shocked ) that price jumped the opposite of the fence
Loosening is not an option
  • #326,036
  • Oct 7, 2012 4:55pm Oct 7, 2012 4:55pm
Quoting Vilkas
Forgot to put SL ) and left, came back, and was shocked ) that price jumped the opposite of the fence
Yeah, was still consolidating around a broken monthly TL and above the 23 fib. Makes a nice channel though

Chat soon, all the best, 1.59 (38 fib next stop I think).
Come with me if you want to live....
  • #326,037
  • Oct 7, 2012 4:59pm Oct 7, 2012 4:59pm
Quoting Ill-b-back
Yeah, was still consolidating around a broken monthly TL and above the 23 fib. Makes a nice channel though

Chat soon, all the best, 1.59 (38 fib next stop I think).
well this week we will see 1.60 and bellow at least daily support is 1.6095 for a starter
Loosening is not an option
  • #326,038
  • Edited 7:01pm Oct 7, 2012 5:28pm | Edited 7:01pm
Quoting smikester
What are those lines kaspopsicle? I'm wondering where 1.6163 is?
Get your own, smikester.The lines are for your education only
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #326,039
  • Oct 7, 2012 5:31pm Oct 7, 2012 5:31pm
Quoting ForexRatVN
Any readable from Charts, please!

From my opinion, the down move is non-stop train will break previous low soon, if not tomorrow due to low trading volume as usual, will occur in Tuesday

Any way, market has its own logics.
what language would you prefer? PA is the only one that i talk.

Ah..low trading volume...well gosh i prefer trading what i see whether low volume and spikes or whatever on earth you see. WTF are you trading on?
All systems of divination, like music itself,work through patterns.
  • #326,040
  • Oct 7, 2012 9:13pm Oct 7, 2012 9:13pm
Quoting Ill-b-back
Yeah, was still consolidating around a broken monthly TL and above the 23 fib. Makes a nice channel though

Chat soon, all the best, 1.59 (38 fib next stop I think).
It didn't gap up to give me my entry. Now it went off without me
A 1 pip gain is better than a 1 pip loss.
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