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Cable Update (GBPUSD)

  • #327,861
  • Oct 23, 2012 7:55am Oct 23, 2012 7:55am
Quoting Nachiket
sl:1.5920
tp:1.60
  • #327,862
  • Oct 23, 2012 7:57am Oct 23, 2012 7:57am
Quoting X.work
why GBP/USD suddenly drop 40 pips?
Technical flows.... But may i ask... Why not gbpusd fall?? Its been in the charts that its bearish bearish bearish and no body listens ppl still trying to long thinking its the bottom and they often have their stop loss hit....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,863
  • Oct 23, 2012 7:58am Oct 23, 2012 7:58am
Quoting fxtyrant
Technical flows.... But may i ask... Why not gbpusd fall?? Its been in the charts that its bearish bearish bearish and no body listens ppl still trying to long thinking its the bottom and they often have their stop loss hit....
yes its bearish for sure. but straight line falls are dangerous when they rebound
  • #327,864
  • Oct 23, 2012 7:59am Oct 23, 2012 7:59am
Quoting fxtyrant
Technical flows.... But may i ask... Why not gbpusd fall?? Its been in the charts that its bearish bearish bearish and no body listens ppl still trying to long thinking its the bottom and they often have their stop loss hit....
I listen...to myself...hehe
Ghost Rider - WWTBMD?
  • #327,865
  • Oct 23, 2012 8:00am Oct 23, 2012 8:00am
short cad might hold good for gbp longs
  • #327,866
  • Oct 23, 2012 8:01am Oct 23, 2012 8:01am
eu back on track
Attached Image (click to enlarge)
Click to Enlarge Name: eu d1 23-10-12.png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #327,867
  • Oct 23, 2012 8:02am Oct 23, 2012 8:02am
Quoting ndsouz
My Stoploss is increased to 1.5979 as my last stand to my trade, a little below the weeks low.

update on dollar index...
Attachment

I'm Expecting that its just a dummy breakout on the upside in Dollar Index, Its still on resistance area and also without making a retrace, so maybe if it goes down now.. it should be a clear move to the downside for the USD.

BTW, my view is not biased because I'm long on GBP/USD. But even if I wasn't in any trade and would decide to take a trade at this point. The better chance of Dollar going...
lost to my stoploss, but then sold all the hell i could on eur/usd my main pair hehe and im still holding the sell as i think its not going to go back 1.3000 again for today

USD INDEX for now..
Attached Image (click to enlarge)
Click to Enlarge Name: dollar_index5.gif Size: 63 KB
To Your Success!!
  • #327,868
  • Oct 23, 2012 8:02am Oct 23, 2012 8:02am
Quoting Bones
eu back on track
not yet 1.3080 again.
  • #327,869
  • Oct 23, 2012 8:03am Oct 23, 2012 8:03am
Quoting Nachiket
yes its bearish for sure. but straight line falls are dangerous when they rebound
No, let ur stoploss trail lower as your in profit, so if a pullback does occur u get to load up shorts again...!!! Pullbacks are not ideal to catch cuz lowerlows can be created especially when theres a tight daily range...
If trend is down, never look to long but instead load up short as market pulls back!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,870
  • Oct 23, 2012 8:03am Oct 23, 2012 8:03am
Quoting ndsouz
lost to my stoploss, but then sold all the hell i could on eur/usd my main pair hehe and im still holding the sell as i think its not going to go back 1.3000 again for today

nothing is guaranteed and again is a term which comes again and again
  • #327,871
  • Oct 23, 2012 8:04am Oct 23, 2012 8:04am
Quoting fxtyrant
No, let ur stoploss trail lower as your in profit, so if a pullback does occur u get to load up shorts again...!!! Pullbacks are not ideal to catch cuz lowerlows can be created especially when theres a tight daily range...
If trend is down, never look to long but instead load up short as market pulls back!!
yes will do that. i am again shorting at 1.600 donno worry i will join the bear gang
  • #327,872
  • Oct 23, 2012 8:04am Oct 23, 2012 8:04am
Quoting albchr
Agreed. with 100 locked in already, thought it was worth a short at 5988 with a 20 pip SL.
Banked 30 on the 5988. Will load again on bounce from 40/50 to test 5988....or not...lol
Ghost Rider - WWTBMD?
  • #327,873
  • Oct 23, 2012 8:05am Oct 23, 2012 8:05am
I think hes right ,but if it does good sell

Quoting Nachiket
nothing is guaranteed and again is a term which comes again and again
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #327,874
  • Oct 23, 2012 8:10am Oct 23, 2012 8:10am
enjoy ultra profits!
Istanbul special!
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To Your Success!!
  • #327,875
  • Oct 23, 2012 8:12am Oct 23, 2012 8:12am
Quoting Nachiket
nothing is guaranteed and again is a term which comes again and again
YAh! ... but probabilty...risk to reward... and when its floating big... its time to get drunk .. and just press the big button .... "CLOSE" on the multitrader logged with my own 30 accounts!!!
To Your Success!!
  • #327,876
  • Edited 8:25am Oct 23, 2012 8:13am | Edited 8:25am
Quoting fxtyrant
Technical flows.... But may i ask... Why not gbpusd fall?? Its been in the charts that its bearish bearish bearish and no body listens ppl still trying to long thinking its the bottom and they often have their stop loss hit....
stupid me. I didn't check the market action.
deep RoT is essential for everlasting happyness
  • #327,877
  • Oct 23, 2012 8:28am Oct 23, 2012 8:28am
Weekly S1 pivot @/around the current 5936 daily lo after the downside break of the 5975 previous wing los on 4hr/daily...price @ 104% of 20 day atr at that lo and some demand there. Daily/4hr/1hr are in general opa downtrends.

G/L
ex member
  • #327,878
  • Oct 23, 2012 8:34am Oct 23, 2012 8:34am
Quoting Bones
eu back on track
be careful with eu.

possible strong reaction up.

yes, we have LH, but trendline not broken yet
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #327,879
  • Oct 23, 2012 8:40am Oct 23, 2012 8:40am
Just heard DOW down almost 200 points in 8 minutes of trading.
Ghost Rider - WWTBMD?
  • #327,880
  • Oct 23, 2012 8:57am Oct 23, 2012 8:57am
lol ,bye bye trendline !!

Quoting walkman
be careful with eu.

possible strong reaction up.

yes, we have LH, but trendline not broken yet
On-site guru & also FF member's' psychiatrist, when not drinking tea
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