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Cable Update (GBPUSD)

  • #326,701
  • Oct 12, 2012 3:16am Oct 12, 2012 3:16am
hello everyone, how are you all doing today? sure splendid.yesterday i did say i saw 6100 and now i am seeing the certainty of this getting there today.
  • #326,702
  • Oct 12, 2012 3:23am Oct 12, 2012 3:23am
Quoting bguguen
1.6070 best place to short... SL around 1.6090 Previous S/R
Best trade of the day?? we'll see all i know 1.6070 was a nice SPIKE entry and we may never see this level again.... if 1.60 gives way... have a nice day to whoever said 1.62
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,703
  • Oct 12, 2012 3:52am Oct 12, 2012 3:52am
This PA is ridiculous.... Demand just crept in out of no where... without any follow through.... i got a feeling the Banks are spiking things to take out stops...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,704
  • Oct 12, 2012 4:26am Oct 12, 2012 4:26am
Great, we are back where we were. Probability of bad news coming from EZ seems to higher when compared with the probability of bad news coming from US in view of the impending elections. perhaps we can look forward to further tanking?
  • #326,705
  • Oct 12, 2012 4:36am Oct 12, 2012 4:36am
Quoting bguguen
This PA is ridiculous.... Demand just crept in out of no where... without any follow through.... i got a feeling the Banks are spiking things to take out stops...
yeah , making false spikes to great failure perhaps , breaks 6041 to 1st confirm then 6018 2nd & 3rd 5984 , 5976 final to GO real 3rd down big probable in trend change if.
anyway most care at 6018 , above it .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #326,706
  • Oct 12, 2012 4:40am Oct 12, 2012 4:40am
Quoting fontu
yeah , making false spikes to great failure perhaps , breaks 6041 to 1st confirm then 6018 2nd & 3rd 5984 , 5976 final to GO real 3rd down in trend change if.
fontu
next leg down to 1.59 you think??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,707
  • Oct 12, 2012 5:07am Oct 12, 2012 5:07am
Quoting bguguen
next leg down to 1.59 you think??

i havent placed a trade yet..it finally got to where i wanted to long to but i didnt hold the damn trade..next week weekly will have print a bear ..we need something of the dailly to go down..id love the market to try 1.61

i will look for PA TO SELL THE MOFO
  • #326,708
  • Oct 12, 2012 5:13am Oct 12, 2012 5:13am
Quoting nAVIN2007
i havent placed a trade yet..it finally got to where i wanted to long to but i didnt hold the damn trade..next week weekly will have print a bear ..we need something of the dailly to go down..id love the market to try 1.61

i will look for PA TO SELL THE MOFO

what is mofo?
  • #326,709
  • Oct 12, 2012 5:15am Oct 12, 2012 5:15am
Quoting wasabeclaw
what is mofo?

CABLE..
  • #326,710
  • Oct 12, 2012 5:22am Oct 12, 2012 5:22am
Quoting Freshpips
Im short from 1.6068 like I planned.
Unsure about sl for the moment though
Possible the other side of 61

Killed for +27
Dont trust it...
Will look to re-enter if I get the chance.
  • #326,711
  • Oct 12, 2012 5:22am Oct 12, 2012 5:22am
I'm long fiber btw
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  • #326,712
  • Oct 12, 2012 5:28am Oct 12, 2012 5:28am
Quoting bguguen
can you pls stop making shitty calls?
now that ur calling shorts again... we may see another push up to 1.6030 again..... sheesh.... you are like the best contrarian trader ever...
lol...

''well mines manual, maybe like 95, but tbh if u have a stomach - 78 is the best level'' <- Oct 9, 2012 7:48am

Trade = long @ 78 ... Out @ 30 and went short @ 30. Back down to the figure= cover and go long @ the figure.

Oct 10, 2012 8:04am (46 hr ago) -
''actually i go back on my previous quote....dont think 40 will be a problem if we get there, rather see 72 as a better tp level before continuing on its merry way to 1.6125 ...''


Long from the figure.... out @ 72 today.


Make money both waves = maximised profit no?
  • #326,713
  • Oct 12, 2012 5:33am Oct 12, 2012 5:33am
Quoting Resent
lol...

''well mines manual, maybe like 95, but tbh if u have a stomach - 78 is the best level'' <- Oct 9, 2012 7:48am

Trade = long @ 78 ... Out @ 30 and went short @ 30. Back down to the figure= cover and go long @ the figure.

Oct 10, 2012 8:04am (46 hr ago) -
''actually i go back on my previous quote....dont think 40 will be a problem if we get there, rather see 72 as a better tp level before continuing on its merry way to 1.6125 ...''


Long from the figure.... out @ 72 today.


Make money both waves = maximised...
Like i explained, i never trade against the trend, i always trade with the trend with tight sl, and i wont long or try to catch a retracement because thats suicidal and bad risk reward
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,714
  • Oct 12, 2012 5:42am Oct 12, 2012 5:42am
Quoting bguguen
Like i explained, i never trade against the trend, i always trade with the trend with tight sl, and i wont long or try to catch a retracement because thats suicidal and bad risk reward
thats cool, every1 has their own style, i wasnt criticising your trading ability or your strat however you clearly have something to say about mine..

anyway if u can pick levels you can play both ways - I trade with a very very tight SL around them which evidently yield high returns for comparatively microscopic risk - its my style, clearly it isn't yours and you have been burnt attempting it.. ;P
  • #326,715
  • Oct 12, 2012 5:44am Oct 12, 2012 5:44am
Quoting bguguen
Like i explained, i never trade against the trend, i always trade with the trend with tight sl, and i wont long or try to catch a retracement because thats suicidal and bad risk reward
Crap morning on pa generally and like you am waiting to short so flat.

But not sure that it was bad risk reward though, bottom of descending channel on h4 but its met a daily ascending tl hence the choppiness and market taking a breather whilst it decides next move. In fact all MACDs on daily down (except for H4) showing uptrend bias.

Personally, I want to see some direction either way so am looking at other pairs at the moment.
  • #326,716
  • Oct 12, 2012 5:46am Oct 12, 2012 5:46am
Quoting Resent
thats cool, every1 has their own style, i wasnt criticising your trading ability or your strat however you clearly have something to say about mine..

anyway if u can pick levels you can play both ways - I trade with a very very tight SL around them which evidently yield high returns for comparatively microscopic risk - its my style, clearly it isn't yours and you have been burnt attempting it.. ;P
I've been burnt?!?! I got a total of 2standard lot longing the dollar versus everything, 100 bucks us dollar is just like 5 pips buddy, i aint burn
If in 2 standard lot when im down 2000usd then yes im being burnt
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,717
  • Oct 12, 2012 5:49am Oct 12, 2012 5:49am
Quoting bguguen
I've been burnt?!?! I got a total of 2standard lot longing the dollar versus everything, 100 bucks us dollar is just like 5 pips buddy, i aint burn
If in 2 standard lot when im down 2000usd then yes im being burnt
im talking about catching retracements which you believe to be a bad strat..
  • #326,718
  • Oct 12, 2012 5:54am Oct 12, 2012 5:54am
Quoting Resent
im talking about catching retracements which you believe to be a bad strat..
Catching retracement is trying to long when the trend is obviously down
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,719
  • Oct 12, 2012 5:55am Oct 12, 2012 5:55am
Still think 700 is a good place to short though, will wait to see pa once there first
  • #326,720
  • Oct 12, 2012 5:57am Oct 12, 2012 5:57am
Quoting gavalar
Still think 700 is a good place to short though, will wait to see pa once there first

Good rejection earlier. Obviously orders there...

I will be looking aswell...
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