I still think we will turn in this area... I have 1.6012 as the possible low for today!
I think the drop just after 1 was to suck in some sellers for a trap...
Of course, I could be completely wrong
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedI just feel like 1.6080 as second TP and 1.6026 as last TP...dunno whyIgnored
Dislikedremember when all shout short and all see collapse it is the best time to buyIgnored
Dislikeddone
now 1.6080 should be in play ..for the long scalper out thereIgnored
Dislikedremember when all shout short and all see collapse it is the best time to buyIgnored
Dislikedi doubt it man..but if it happens..i will be sure u are crystal meg
like u say when the mof has a time target we need to drop quick!!Ignored
Dislikeddunno I'm flat on this one as I reached last TP on shorts..did not close as I trail and locked @ 6054 so far (oh how I pitty the poor bulls targeting 6350) but as per calculations it should bounce now for some 50 pips
I don't have confirmation yet
I am long on EU though from 1.2940 where I have confirmation on longIgnored
DislikedNot when you have a range from 1.63 to 1.52.....
this thing has potential to go down to 1.57 and beyond....
watch yourself.... BTW why do you think everyone is short GBPUSD??
Retail Net short positions are being trimed or Long Positions are increasing, thats bearish buddy.....
use this chart and you'll see where you're wrong
http://fxtrade.oanda.co.uk/analysis/...ical-positions
Please have a look and you will see between the relationship between Retail positions and the GBPUSD price movements... you'll see theres a negative...Ignored
Dislikedi dont like my euro trade one bit..but it might and i pray it is forming a flag as worst case scenero..i finally done a reckless tradeIgnored
Dislikedno way matey,I am never wrong ....ok ok maybe sometimes but I quit drinking this weekend
one thing only...I am short biased on GU since end of sept....if you scroll on my posts that far back and my last TP is 1.5394 (again the targets are posted)
for now I just want 1.5900 till the end of the week just to have it in my calculations(at the end of sept I stated 10-15 trading days as max to reach 1.5900 to confirm lower levels)
if that is confirmed this week....well we either bounce there or go 1.5650 area as tp2
last one you know...Ignored
DislikedI don't know what a flag is
but I do know that I have 25 pips scaled out on EU
as TP on the up move....1.3004 is the first decent one and that one should hold but who knows,we're in news zone nowIgnored
DislikedBut then i've been a huge bears since June, saying we will retest 1.52 again... and that i have a year end projections of 1.50 on GBPUSD....
Navin can vouch for me on that buddy...
imagine the heat i had.... anyways green pips to you and be careful..... i dont want to be long right now especially when the retail short positions are being trimmed.... retail traders are falling in the trap and they are longing it, i on the other hand will stick to the 4.9999% making shit loads of money shorting this...Ignored
DislikedI will never have the heat of a 100-200 pips DD anymore.it is not for me.I prefer a good night sleep and to be honest I prefer to trade from 9-noon and nothing more.Ignored
DislikedI'm always short on GU and EU =)))))))))
actually I'm short on all pairs as the whole world is fu*** up with no signs of recovery...ever
1.5394 should hold on first touch and bounce back up
I do not look at the positions to be honest as they never tell me any truth....
if you have 100 retailers or corps in the whole market and 99 of them are short still means sh** to me as the 99 could have only 1 usd each and the 1 left long could have 1mil .....so still nothing new here
I will never ever belive in any reports..it's way...Ignored
DislikedWell Thats where the market depth comes in.... look at oanda and they show you where the big orders are as well.... anyways oanda gave me some pretty good tools and that last one i gave you... nice to see GBPUSD going down when trade sentiment is saying ppl are longing...
works 99.9% REGARDLESS of the tradesize involved.... you strip away the size and you'll know the attitude of the market....
Oanda's market depth chart however would show you what the big boys are actually doing.... but thats for your taste if you can read themIgnored
DislikedI think I had same argument with one trader last week.
I don't know how can one big player be that stupid to post entries anywhere online...it makes no sense
for example I am Marta Washington shark and I have a pending buy on GU @ 1.6026 of 100 mil leveraged 1:50
would I put it there ? online ? and why would I do that ?
there are 2 reasons for me NOT to do that :
1-maybe a bigger shark than me with 200 mil leveraged 1:200 will drop market till my entry,trigger my entryand eat my SL ....there is always a bigger fish in the pond
2-why...Ignored
DislikedWell i have to admit you are right abouot the whole not trusting too much on Oanda... HOWEVER.... Commitment of Trade Reports are legitimate volumes of trade in the currency market, and it is by LAW that those reports are verified, it is regulated and the information has to come in... HOWEVER they do preserve anonymity as to who is behind the BIG order, or if that BIG Order is a one big
YOu can be a big shark bank and you can only hide a certain amount of information from the public... [color="red"][size="6"]but rules...Ignored
Dislikedin theory it is correct what you say but in real life just show me the trial on the Libor ultra mega highly super dooper boombastic fantastic regulated and megaregulated LIBOR ended ?
when a worlds financial device is sold out what can I say about regulations applied on shi*** dummy pending orders...
or should I say more about interventions and inside trades? or Lehman brothers ?
or what bailouts mean ? as in paying for the uncovered debts of bankrupted banks that shouldn't have ever been bankrupted as they were regulated by the governments...Ignored