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Cable Update (GBPUSD)

  • #327,901
  • Oct 23, 2012 11:00am Oct 23, 2012 11:00am
Quoting Nachiket
yes sir . you were rite. it bounces makes a new short. anyways short at 1.5930 stoploss 1.5950. i do think this will fall more but can rebound also
You sound unsure and your statement is a contradiction in terms. If in doubt stay out. Only trade with conviction and with this post, it seems you don't have any.

Trade well!
  • #327,902
  • Oct 23, 2012 11:01am Oct 23, 2012 11:01am
Quoting Nachiket
5988 sir why do u want to kill my shorts
Why on Earth would you short here...and now?

I'm still bear to 5800 but I wouldn't want to hold a 50 to 100 DD.

I mean... I "suppose" it "could" keep falling straight from here but I'd increase that 20 pip SL you're thinking of me thinks.
Ghost Rider - WWTBMD?
  • #327,903
  • Oct 23, 2012 11:02am Oct 23, 2012 11:02am
Quoting bbakker
You sound unsure and your statement is a contradiction in terms. If in doubt stay out. Only trade with conviction and with this post, it seems you don't have any.

Trade well!
yes with gbp you have to be careful. i went long at 52 covered at 60. went short at 30 now. was short at 20 got stopped out at 30. some crazy moves are happening
  • #327,904
  • Oct 23, 2012 11:03am Oct 23, 2012 11:03am
Quoting bbakker
You sound unsure and your statement is a contradiction in terms. If in doubt stay out. Only trade with conviction and with this post, it seems you don't have any.

Trade well!
gbp can rebound if euro rebounds.
  • #327,905
  • Oct 23, 2012 11:05am Oct 23, 2012 11:05am
Quoting bbakker
long 5930
Ghost Rider - WWTBMD?
  • #327,906
  • Oct 23, 2012 11:07am Oct 23, 2012 11:07am
at the current daily lo price is at 134% of it's 20 day atr. Strong overall price action general downtrends on Dly, 4hr and 1hr now.

G/L
ex member
  • #327,907
  • Oct 23, 2012 11:09am Oct 23, 2012 11:09am
i think gbp will break
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #327,908
  • Oct 23, 2012 11:12am Oct 23, 2012 11:12am
Quoting albchr
long 5930
Okay albchr u know i dont take counter trend trades
Not even a pullback trade cuz its against my rules so ur on your own and goodluck 😃 hopefully you'll manage green pips
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,909
  • Oct 23, 2012 11:13am Oct 23, 2012 11:13am
Quoting Bones
i think gbp will break
Not today, but it will!
  • #327,910
  • Oct 23, 2012 11:13am Oct 23, 2012 11:13am
Quoting Nachiket
yes with gbp you have to be careful. i went long at 52 covered at 60. went short at 30 now. was short at 20 got stopped out at 30. some crazy moves are happening
Not really... nothing out of the ordinary if you ask me.
  • #327,911
  • Oct 23, 2012 11:16am Oct 23, 2012 11:16am
Quoting Bones
i think gbp will break
Agree Tony 100% but a little correction is in order here. Not much but a little.

That's that Bounce/Pause thing between us...
Ghost Rider - WWTBMD?
  • #327,912
  • Oct 23, 2012 11:17am Oct 23, 2012 11:17am
Quoting bbakker
Not really... nothing out of the ordinary if you ask me.
just technical flows on the charts.... GBPUSD waited long enough to flush out the orders around 1.60, sooo yea nothing special....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,913
  • Edited 12:40pm Oct 23, 2012 11:19am | Edited 12:40pm
Quoting bbakker
I just bought... let's hope the m15 pinbar holds


http://gyazo.com/e787aae128aaaa42506985d7ee33c7dc

5910 is the 38.5 of the LH of 5688/63104. We will probably hit 5790, but 5870 is the next intraday downside target.

Earnings season just began and luxury is taking a huge hit. The US fiscal cliff and impending tax increase/austerity are all good for dollar strength.

If 5790 goes, 5530 is in sight.
  • #327,914
  • Oct 23, 2012 11:20am Oct 23, 2012 11:20am
Quoting fxtyrant
Okay albchr u know i dont take counter trend trades
Not even a pullback trade cuz its against my rules so ur on your own and goodluck �� hopefully you'll manage green pips
Just a scalp, very tight SL and "maaaybe" 5988ish. But I'll kill it FAST if not. I'd like to reload shorts around 6000/20 or so.

Just banked 191. I'll risk 15 or 20 to find out.
Ghost Rider - WWTBMD?
  • #327,915
  • Oct 23, 2012 11:27am Oct 23, 2012 11:27am
Quoting albchr
Just a scalp, very tight SL and "maaaybe" 5988ish. But I'll kill it FAST if not. I'd like to reload shorts around 6000/20 or so.

Just banked 191. I'll risk 15 or 20 to find out.
but i hope you understand my trade rules? Pullbacks are not as much as a good thing to trade if you are a trend trader... you make sure the trendlike drawn is valid then trade accordingly to the direction of it... Pullbacks are opportunities to load unless the trend's been confirmed broken....So really... Even loading up shorts on pullback can be dangerous... the best trade to take is if you have a downwards trendline and price is way below it... you wait for price to come back up, to TEST the trendline then you place ur short there with tigh SL ABOVE the trendline so if trendline breaks, you're safe in case the pullback happens to be a reversal.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,916
  • Oct 23, 2012 11:28am Oct 23, 2012 11:28am
Quoting Fudomyo
this is the 38.5 of the LH of 5688/63104. We will probably hit 5790, but 5870 is the next intraday downside target.

Earnings season just began and luxury is taking a huge hit. The US fiscal cliff and impending tax increase/austerity are all good for dollar strength.

If 5790 goes, 5530 is in sight.
I am with you on that one as you can see by my chart I posted earlier via Gyazo.

Quoting Fudomyo
btw, I wanted to say, if this website changes data, and erases information, it erodes it's integrity.

Hypothetically, if I crashed and burned on an Aussie trade last March and wanted that information erased, it teaches people nothing if Twee deletes that information.

It's better to face our losses, and let the record stand.

Wouldn't you agree?
Totally agree. I have never deleted or altered a post apart from spelling mistakes or adding further info. I have nothing to hide whether it be winning trades or losing trades.

I don't really post my losing trades as I don't see the value in it for others. The only value in it is for me and I certainly don't dwell on my losing trades as I would rather focus on my winning trades and why they were successful. Positive thinking is a key ingredient to successful trading.

Why the question? Is it because I asked Twee to remove my account from FF a few months back? He never responded or acted on my request.

I hope all is well with you!
  • #327,917
  • Oct 23, 2012 11:31am Oct 23, 2012 11:31am
Quoting fxtyrant
but i hope you understand my trade rules? Pullbacks are not as much as a good thing to trade if you are a trend trader... you make sure the trendlike drawn is valid then trade accordingly to the direction of it... Pullbacks are opportunities to load unless the trend's been confirmed broken....So really... Even loading up shorts on pullback can be dangerous... the best trade to take is if you have a downwards trendline and price is way below it... you wait for price to come back up, to TEST the trendline then you place ur short there with tigh SL...
Good rules. Similar but not exactly the same as mine. Basically everything except trading the pullback is the same.

The way I see it, if you figure it will pull back, why not pull a few along the way? If I wasn't US based and could trade both ways, I'd still be in that 6123 short as well and then just add.
Ghost Rider - WWTBMD?
  • #327,918
  • Oct 23, 2012 11:33am Oct 23, 2012 11:33am
Quoting Fudomyo
5910 is the 38.5 of the LH of 5688/63104. We will probably hit 5790, but 5870 is the next intraday downside target.

Earnings season just began and luxury is taking a huge hit. The US fiscal cliff and impending tax increase/austerity are all good for dollar strength.

If 5790 goes, 5530 is in sight.


btw, I wanted to say, if this website changes data, and erases information, it erodes integrity.

Hypothetically, if I crashed and burned on an Aussie trade last March and wanted it erased, it teaches people nothing if Twee deletes that information....
100% agree buddy

Hope you had a nice weekend
Ghost Rider - WWTBMD?
  • #327,919
  • Oct 23, 2012 11:33am Oct 23, 2012 11:33am
Quoting albchr
Just a scalp, very tight SL and "maaaybe" 5988ish. But I'll kill it FAST if not. I'd like to reload shorts around 6000/20 or so.

Just banked 191. I'll risk 15 or 20 to find out.
Excellent!

For now, I'm closing smaller waves until we get trend momentum. It's amazing you held through the weekend and the deep pullback on Monday.

  • #327,920
  • Oct 23, 2012 11:34am Oct 23, 2012 11:34am
Quoting bbakker
I am with you on that one as you can see by my chart I posted earlier via Gyazo.



Totally agree. I have never deleted or altered a post apart from spelling mistakes or adding further info. I have nothing to hide whether it be winning trades or losing trades.

I don't really post my losing trades as I don't see the value in it for others. The only value in it is for me and I certainly don't dwell on my losing trades as I would rather focus on my winning trades and why they were successful. Positive thinking is a key ingredient to successful...
Totally agree with fudoyomo, thats why ive decided to Share my account and trade details on the trade explorer here in Forex Factory, Though a Demo account, it still shows my trade with no moderations, Demo is simply because im trying to trade with a strategy ive studied over the past year.. and if good enough, will consider trading real.... but im not afraid to hide my trades, or analysis.... Atleast my Calls for Short are justifyable....by the trades i hold on my account...
i take massive care on my demo as if its a real account. Reason? well i have it linked to Zulutrade and there are some people who are following my trade signals there to make Real money... End of story
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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