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Cable Update (GBPUSD)

  • #326,161
  • Oct 9, 2012 1:31am Oct 9, 2012 1:31am
forgot to tell you that Draghi will fart in 1 h time so be prepared...lock what you have or SL tight or do whatever

we can go either up or down

no techs involved here as techs are useless in this news area

and I don't want to hear later that ''I knew where it was heading,look at the charts'' as it is meaningless.first comes the news then comes the move
  • #326,162
  • Oct 9, 2012 1:34am Oct 9, 2012 1:34am
Quoting redbeben
forgot to tell you that Draghi will fart in 1 h time so be prepared...lock what you have or SL tight or do whatever

we can go either up or down

no techs involved here as techs are useless in this news area

and I don't want to hear later that ''I knew where it was heading,look at the charts'' as it is meaningless.first comes the news then comes the move
i doubt it will have much effect to the GBP....
lately EURUSD and GBPUSD has been acting rather differently i wonder if that has to do with the dislodgement by bankers to break below 0.80 in EURGBP which is leading to the allowed flexibility of a much less correlated EURUSD and GBPUSD....
But heres the deal.. i closed my positions on my in-profit gbpusd shorts and i have a pending short if it gets back up to 1.6080, of which i think it should reach it before the next leg down
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,163
  • Oct 9, 2012 1:34am Oct 9, 2012 1:34am
Still going higher than that
  • #326,164
  • Oct 9, 2012 1:38am Oct 9, 2012 1:38am
Quoting redbeben
aaaaaa

why didn't he ask so ?

well it's simple

you need to spend 5 years in a tech university(no matter what as it will not help you anyway)just to be good with numbers and formulas,then spend some more years doing a numbers job then spend some more years stuck one the same system and one day you will just see the number Matrix style...really,it's that simple


the truth is that they are just numbers,nothing more.sometimes they work sometimes they don't...normally they work it's just the trader that misses the general picture....


Good answer!
  • #326,165
  • Oct 9, 2012 1:42am Oct 9, 2012 1:42am
Quoting X.work
How to make certain that we are at the end of the down fall.

thanks
The keyword in redbeben's reply is 'simple'! KISS... Keep it simple stupid
  • #326,166
  • Oct 9, 2012 1:50am Oct 9, 2012 1:50am
Quoting bguguen
i doubt it will have much effect to the GBP....
lately EURUSD and GBPUSD has been acting rather differently i wonder if that has to do with the dislodgement by bankers to break below 0.80 in EURGBP which is leading to the allowed flexibility of a much less correlated EURUSD and GBPUSD....
But heres the deal.. i closed my positions on my in-profit gbpusd shorts and i have a pending short if it gets back up to 1.6080, of which i think it should reach it before the next leg down
morning mate.you seem to be in a good mood today now you're making sense on first up then continuation and not just continuation overnight

as for EU and GU you gotta be right but better to be prepared

I have a pending sell there as well and another one higher @ 1.6118 as that one is the line in the sand for me...if that sh*** is breached we go 6250 again dammit

I hope not,I hope it goes down even If it means I don't have a chance to short again .
  • #326,167
  • Oct 9, 2012 1:57am Oct 9, 2012 1:57am
Quoting redbeben
morning mate.you seem to be in a good mood today now you're making sense on first up then continuation and not just continuation overnight

as for EU and GU you gotta be right but better to be prepared

I have a pending sell there as well and another one higher @ 1.6118 as that one is the line in the sand for me...if that sh*** is breached we go 6250 again dammit

I hope not,I hope it goes down even If it means I don't have a chance to short again .
Well i am in a better mood today, and yea one thing i realized about the dislodging of EURUSD and GBPUSD correlation has got to do with how EURGBP has been way manipulated in summer.... Remember that thing pushed way below 0.80 when huge demand was expected to push that thing up from 0.80 onwards but summer flows kept demand for it low at 0.80 in EURGBP.... now we are seeing corrections thats why GBPUSD is falling faster than the EURUSD.... and i think it'll be like this for some time as long as we are close to 0.80 in EURGBP... EURUSD and GBPUSD will have a slightly Uncorrelation than the norm....

Anyways... as you can see on my profile, i have closed all my in-profit shorts on GBPUSD but holding shorts on the AUDUSD and NZDUSD cuz they are looking heavy for london since they retraced....
As for GBPUSD i have pending shorts at 1.6080 and more up top right now ill just hold that pending short at 1.6080 and see how market plays out after draghi...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,168
  • Oct 9, 2012 2:09am Oct 9, 2012 2:09am
Quoting Rtm
30 pips is pretty short term if you ask me
  • #326,169
  • Oct 9, 2012 2:11am Oct 9, 2012 2:11am
Quoting bbakker
The keyword in redbeben's reply is 'simple'! KISS... Keep it simple stupid
jokes apart and ''trading is simple,only idiots make it complicated'',some use trendlines and are deadly accurate some fibos,some the movements of the stars(really) but it all comes to emotions at the end of the day.

I found myself maaaaaannnyyyy times buying or selling before my numbers were touched.greed,fear...and if you do mistakes like this you might be fu***

as I mentioned you only have 50% chances to win one trade.there is no 100% or even close to that.50% at the most.

as on your trigger it can either go up or down no matter what you do.butterfly effect is all over so belive in it.

even if you say ''well EUR is going down as Spain will default'',the very next minute one explorer might find the lost fleet with the queen's treasures on the bottom of the ocean and only that would cover the debt of the entire world and from one big 100% drop in EU you will see a 100% loss


or an earthquake or war or whatever can damage the 100%

so there is only 50% and if you do not control the fear and greed and do not wait or are scared then you will make the 50% even smaller
  • #326,170
  • Oct 9, 2012 2:12am Oct 9, 2012 2:12am
i wish FF had a live chat then again people can get together and form there on group on skype or a messenger
  • #326,171
  • Oct 9, 2012 2:13am Oct 9, 2012 2:13am
Quoting PoundTrader
30 pips is not short term when the GBPUSD is only move 15-20 pips in the last 8 hours or so.... jesus christ talk about lack of liquidity, this shows you how the market is awaiting to hear what draghi has to fart up i the air.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,172
  • Oct 9, 2012 2:17am Oct 9, 2012 2:17am
Quoting bguguen
30 pips is not short term when the GBPUSD is only move 15-20 pips in the last 8 hours or so.... jesus christ talk about lack of liquidity, this shows you how the market is awaiting to hear what draghi has to fart up i the air.
lol the way market been moving that could turn out to be a monthy trade http://www.easyfreesmileys.com/smileys/lol-061.gif
  • #326,173
  • Oct 9, 2012 2:24am Oct 9, 2012 2:24am
Quoting redbeben
jokes apart and ''trading is simple,only idiots make it complicated'',some use trendlines and are deadly accurate some fibos,some the movements of the stars(really) but it all comes to emotions at the end of the day.

I found myself maaaaaannnyyyy times buying or selling before my numbers were touched.greed,fear...and if you do mistakes like this you might be fu***

as I mentioned you only have 50% chances to win one trade.there is no 100% or even close to that.50% at the most.

as on your trigger it can either go up or down no matter what...
  • #326,174
  • Oct 9, 2012 2:30am Oct 9, 2012 2:30am
Quoting redbeben
jokes apart and ''trading is simple,only idiots make it complicated'',some use trendlines and are deadly accurate some fibos,some the movements of the stars(really) but it all comes to emotions at the end of the day.

I found myself maaaaaannnyyyy times buying or selling before my numbers were touched.greed,fear...and if you do mistakes like this you might be fu***

as I mentioned you only have 50% chances to win one trade.there is no 100% or even close to that.50% at the most.

as on your trigger it can either go up or down no matter what you...


true..but i was reading somewhere (long time ago) when u place trade the odds is actually less than 50%..cannot remember why thou

will try find the answer b4 u get old

usdcad building folks..
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  • #326,175
  • Oct 9, 2012 2:32am Oct 9, 2012 2:32am
Quoting PoundTrader
i wish FF had a live chat then again people can get together and form there on group on skype or a messenger
good idea, what is your SKYPE
deep RoT is essential for everlasting happyness
  • #326,176
  • Oct 9, 2012 2:34am Oct 9, 2012 2:34am
Can anyone explain why cable is in free fall right now.
deep RoT is essential for everlasting happyness
  • #326,177
  • Oct 9, 2012 2:36am Oct 9, 2012 2:36am
Quoting nAVIN2007
true..but i was reading somewhere (long time ago) when u place trade the odds is actually less than 50%..cannot remember why thou

will try find the answer b4 u get old

usdcad building folks..
FUCK!!! i got out of GBPUSD trade too early.... i will look for a pullback to short the GBPUSD again... wont even wait for a pullback to 1.6080, will short at 1.6020
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,178
  • Oct 9, 2012 2:37am Oct 9, 2012 2:37am
Quoting volforex
Still going higher than that
Looks like London has other ideas... thanks to Draghi!
  • #326,179
  • Oct 9, 2012 2:41am Oct 9, 2012 2:41am
Quoting bbakker
Looks like London has other ideas... thanks to Draghi!
and i exited my Shorts a little too early... but im gona shorting as soon as 1.6020 and 1.6080 if it extends up.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,180
  • Oct 9, 2012 2:42am Oct 9, 2012 2:42am
Quoting bguguen
FUCK!!! i got out of GBPUSD trade too early.... i will look for a pullback to short the GBPUSD again... wont even wait for a pullback to 1.6080, will short at 1.6020

one day u will realise when the trend is in yur face dont try and go against it..trying to get a better price as far as im concerned buddy is an emotional issue..and hancock moves result in flatline

if the news come in like what is expected the puppy may sink hard
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