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Cable Update (GBPUSD)

  • #327,061
  • Oct 17, 2012 2:06am Oct 17, 2012 2:06am
Quoting nAVIN2007
yes but not liking it..at all..still as long as the weekly holds its nothing to worry abt

problem we have is market is expecting positive figures for gbp...so the figures really need to suck..lol

REALLY need to suck! Have a horrible feeling they wont though.
  • #327,062
  • Oct 17, 2012 2:14am Oct 17, 2012 2:14am
Quoting Freshpips
REALLY need to suck! Have a horrible feeling they wont though.
Unemployment been showing steady if not spectacular progress of late but not sure it will determine the long term movement. Even if good, we get a little up but sellers will be waiting there........Question is, where does the real money want us to go?
  • #327,063
  • Oct 17, 2012 2:21am Oct 17, 2012 2:21am
Quoting gavalar
Unemployment been showing steady if not spectacular progress of late but not sure it will determine the long term movement. Even if good, we get a little up but sellers will be waiting there........Question is, where does the real money want us to go?

the thing that i find odd is the upmove without actually retesting 1.6..i cant believe we are looking to break the high without testing the bottom..and the difference is just basically 100 pips..

maybe a trap?
only one way to find out and thats to play it out..

lets get lucky
  • #327,064
  • Oct 17, 2012 2:25am Oct 17, 2012 2:25am
Quoting nAVIN2007
the thing that i find odd is the upmove without actually retesting 1.6..i cant believe we are looking to break the high without testing the bottom..and the difference is just basically 100 pips..

maybe a trap?
only one way to find out and thats to play it out..

lets get lucky
It's hard to play with the short of GBP as SNB told me that they continuously buy GBP together with AUD & ... as of yesterday...
  • #327,065
  • Oct 17, 2012 2:26am Oct 17, 2012 2:26am
Quoting nAVIN2007
the thing that i find odd is the upmove without actually retesting 1.6..i cant believe we are looking to break the high without testing the bottom..and the difference is just basically 100 pips..

maybe a trap?
only one way to find out and thats to play it out..

lets get lucky
The thing is, lots of pairings are at similar critical points. e.g. Aussie testing EMA 200 on H4, at EMA 200 on daily, GJ at resistance on H4 etc etc. I find the best thing to do here is simply wait and let the market show the next move. There will be a few fakes thrown in to tempt you to short only for it to retrace and take those out before the genuine move...so patience is key here
  • #327,066
  • Oct 17, 2012 2:28am Oct 17, 2012 2:28am
Quoting ForexRatVN
It's hard to play with the short of GBP as SNB told me that they continuously buy GBP together with AUD & ... as of yesterday...

i always play the chart and this trade is worth the risk as far as im concerned..what will be will be..i dont actually care
  • #327,067
  • Oct 17, 2012 2:28am Oct 17, 2012 2:28am
Quoting gavalar
The thing is, lots of pairings are at similar critical points. e.g. Aussie testing EMA 200 on H4, at EMA 200 on daily, GJ at resistance on H4 etc etc. I find the best thing to do here is simply wait and let the market show the next move. There will be a few fakes thrown in to tempt you to short only for it to retrace and take those out before the genuine move...so patience is key here
EurUsd also at resistance on weekly
  • #327,068
  • Oct 17, 2012 2:29am Oct 17, 2012 2:29am
Quoting gavalar
The thing is, lots of pairings are at similar critical points. e.g. Aussie testing EMA 200 on H4, at EMA 200 on daily, GJ at resistance on H4 etc etc. I find the best thing to do here is simply wait and let the market show the next move. There will be a few fakes thrown in to tempt you to short only for it to retrace and take those out before the genuine move...so patience is key here

definately..
  • #327,069
  • Oct 17, 2012 2:36am Oct 17, 2012 2:36am
Quoting nAVIN2007
i always play the chart and this trade is worth the risk as far as im concerned..what will be will be..i dont actually care
The Southern Train is departed... Get on board as quick as you can to enjoy the trip to destination 15750...
  • #327,070
  • Oct 17, 2012 2:39am Oct 17, 2012 2:39am
Quoting ForexRatVN
It's hard to play with the short of GBP as SNB told me that they continuously buy GBP together with AUD & ... as of yesterday...

what happened to this comment

Quoting ForexRatVN
The Southern Train is departed... Get on board as quick as you can to enjoy the trip to destination 15750...
u changed yur mind already?
  • #327,071
  • Oct 17, 2012 2:42am Oct 17, 2012 2:42am
Quoting nAVIN2007
what happened to this comment u changed yur mind already?
I said hard, but did not say don't get on board. I shorted @ 16118 as I love to do hard job (first thought TP 15958)
  • #327,072
  • Oct 17, 2012 2:46am Oct 17, 2012 2:46am
Quoting ForexRatVN
I said hard, but did not say don't get on board. I shorted @ 16118 as I love to do hard job (first thought TP 15958)

short @1.6130, pending 1.6100 pending 1.6090 and 1.6075
Loosening is not an option
  • #327,073
  • Oct 17, 2012 2:46am Oct 17, 2012 2:46am
Ive got a feeling were heading back to 6200!
Trading comes quickly, patience and discipline does not!
  • #327,074
  • Oct 17, 2012 2:47am Oct 17, 2012 2:47am
Quoting nAVIN2007
what happened to this comment



u changed yur mind already?
well you know ive been short and LOADING up short as we moved up....
now if H4 does close as i expect a divergence would.... this thing can fall hard...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,075
  • Oct 17, 2012 2:48am Oct 17, 2012 2:48am
Quoting ForexRatVN
I said hard, but did not say don't get on board. I shorted @ 16118 as I love to do hard job (first thought TP 15958)

ok but this is not a good time to enter, waiting would have been better but hey i get it..u dont want to miss the express train..lets just hope it south..

i have to be honest i think most in here are short this is worrying
  • #327,076
  • Oct 17, 2012 2:50am Oct 17, 2012 2:50am
Quoting nAVIN2007
ok but this is not a good time to enter, waiting would have been better but hey i get it..u dont want to miss the express train..lets just hope it south..

i have to be honest i think most in here are short this is worrying
im going to look at market sentiment and see how the position changed since monday.... im pretty sure that moved up has made Retail market Increase Long or Cover Short as of late... that should be interest for big banks to drive this thing lower...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,077
  • Oct 17, 2012 2:50am Oct 17, 2012 2:50am
Somebody posted this in GBPJPY thread...

(fxpro) daily briefings. One of the things they said today:

  1. GBP: The minutes of the MPC meeting have the potential to soften sterling if there are more signs that members are looking to extend QE; the current program is coming to an end next month. Inflation could well be heading higher short-term however

  • #327,078
  • Oct 17, 2012 2:53am Oct 17, 2012 2:53am
Quoting Vilkas
short @1.6130, pending 1.6100 pending 1.6090 and 1.6075
On my platform, another sell limit order placed @ 16153 where hit top trend line
  • #327,079
  • Oct 17, 2012 2:55am Oct 17, 2012 2:55am
Quoting nAVIN2007
ok but this is not a good time to enter, waiting would have been better but hey i get it..u dont want to miss the express train..lets just hope it south..

i have to be honest i think most in here are short this is worrying
you're looking for the odd to be a winner... wait & see how market reacts... but good luck to all here
  • #327,080
  • Oct 17, 2012 3:03am Oct 17, 2012 3:03am
Quoting ForexRatVN
you're looking for the odd to be a winner... wait & see how market reacts... but good luck to all here

im always mostly against the majority in here..lets see..at least it fit with my technicals..so if it goes wrong i tried and traded what i saw instead of what i think

cant ask for more..lets get lucky!!
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