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Cable Update (GBPUSD)

  • #328,061
  • Oct 24, 2012 7:49am Oct 24, 2012 7:49am
isnt it ,you sell then what do you do when you want to exit ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #328,062
  • Oct 24, 2012 7:50am Oct 24, 2012 7:50am
Quoting elizo
Closing shorts is not buying?
No.... Closing shorts is banking on Profits on Short... it has never been to buy... dont mistaken dude....

Truth be told.... 1 lot short.... then Close it makes 0 lot short... doesnt make it 0 lot buy or 1 lot buy....

When you SELL you dont BUY to get back to Neutral....
its Someone else whos BUY that puts you back to neutral.... not you.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,063
  • Oct 24, 2012 7:51am Oct 24, 2012 7:51am
Quoting fxtyrant
Could it be a resistance in the waiting?? do becareful of closes below....
Good day to you,

Could easily form resistance as well. For sure. In fact - I'm thinking of a little short here myself...

But very tight stoploss -

Regards
  • #328,064
  • Oct 24, 2012 7:53am Oct 24, 2012 7:53am
when you close a short your buying at a lower price ,maybe im wrong


Quoting fxtyrant
No.... Closing shorts is banking on Profits on Short... it has never been to buy... dont mistaken dude....

Truth be told.... 1 lot short.... then Close it makes 0 lot short... doesnt make it 0 lot buy or 1 lot buy....
make sense?
im not too sure about bones calling you the top 5%.... sounds like sarcasm from him...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #328,065
  • Oct 24, 2012 7:55am Oct 24, 2012 7:55am
Quoting Bones
when you close a short your buying at a lower price ,maybe im wrong
i get what you're saying... but when you Close Short its a form of Reducing short....
but because you are short... its not YOU who engages in the BUY.... its Someone Else.... when you close Short... its the Opposite Person whos INCREASING buy....
you cant be both buy and sell at the same time....
or maybe im wrong....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,066
  • Oct 24, 2012 7:55am Oct 24, 2012 7:55am
Quoting fxtyrant
No.... Closing shorts is banking on Profits on Short... it has never been to buy... dont mistaken dude....

Truth be told.... 1 lot short.... then Close it makes 0 lot short... doesnt make it 0 lot buy or 1 lot buy....
make sense?
im not too sure about bones calling you the top 5%.... sounds like sarcasm from him...
And how do you close the 1 lot short? How do you bank on profits on a short deal? What action do you take in the market? Selling or buying? Just to clarify

No incentive to me to debate here. Apologies for disturbing.

Have a nice day.
  • #328,067
  • Oct 24, 2012 7:57am Oct 24, 2012 7:57am
Quoting elizo
And how do you close the 1 lot short? How do you bank on profits on a short deal? What action do you take in the market? Selling or buying? Just to clarify

No incentive to me to debate here. Apologies for disturbing.

Have a nice day.
By Using your 1 Lot Sell to accept a 1 Lot Buy from someone else at a lower price.... but then i've said i may be contradicting myself here.....
F**k it, my heads a lil messed up from this weird PA we're seeing from the start of today....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,068
  • Oct 24, 2012 7:58am Oct 24, 2012 7:58am
Quoting Bones
isnt it ,you sell then what do you do when you want to exit ?
That's exactly what I meant.
  • #328,069
  • Oct 24, 2012 8:01am Oct 24, 2012 8:01am
Quoting elizo
That's exactly what I meant.
Dude... my heads messed up....i admitted im wrong the post before.... done with this argument, lets move on....
PA of the week still not making sense to me today..... all i got in mind is that This Move up is an attempt to flush out all the Stops before we make further lows... Because lets face it.... EMA200 on the Daily has got to be reached sooner or later....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,070
  • Oct 24, 2012 8:05am Oct 24, 2012 8:05am
Tough 4H close for the buck, me thinks GU / EU will run up a bit now.
Attached Image (click to enlarge)
Click to Enlarge Name: Indexes_2.PNG Size: 65 KB
Ghost Rider - WWTBMD?
  • #328,071
  • Oct 24, 2012 8:07am Oct 24, 2012 8:07am
Quoting TauTrader
Good day to you,

Could easily form resistance as well. For sure. In fact - I'm thinking of a little short here myself...

But very tight stoploss -

Regards
Ok - small short here @ 1.6034 with SL @ 1.6054

risking 20

Regards
  • #328,072
  • Oct 24, 2012 8:10am Oct 24, 2012 8:10am
Quoting fxtyrant
Dude... my heads messed up....i admitted im wrong the post before.... done with this argument, lets move on....
No problem

Cashed out my longs here, at 6037
  • #328,073
  • Oct 24, 2012 8:13am Oct 24, 2012 8:13am
Dont forget Mr Draghi is causing a bit of this push but it should make 520, break that who knows?
  • #328,074
  • Oct 24, 2012 8:18am Oct 24, 2012 8:18am
Good day,

Attaching pivot indi - should anyone see a need. It's nice and clean. Just set to your timezone ( GMT).

Regards
Attached File(s)
File Type: ex4 SDX-TzPivots_v5.ex4   30 KB | 292 downloads
  • #328,075
  • Oct 24, 2012 8:26am Oct 24, 2012 8:26am
Possible reversal point here @ 1.6040 - 1.6060 moving SL to 1.6066 - will keep a close eye...

If we break 1.6020 we could see 1.6000 again + some more

Regards
  • #328,076
  • Oct 24, 2012 8:31am Oct 24, 2012 8:31am
Could see today's daily candle body bullishly engulf yesterday's candle body ? will see how it closes....price at the current daily hi @ 130% 20 day atr....85.4% 6066-5912 / 50% 6177-5912 there as price challenges the previous 1hr/4hr swing hi leading to Monday's 6o51 hi

G/L
ex member
  • #328,077
  • Oct 24, 2012 8:40am Oct 24, 2012 8:40am
Quoting albchr
Yep, we have a bit more upside me thinks sir. IF it can through 5988. Should be a bit of R now.

I'll be looking around 6060/80ish for shorts but a lot of noise today. Might be a good scalping day all in all.
Well, don't know if it has the steam to get there so small short at 6034 and will load more if it does.

So much news and talking today anything can happen. I'm betting with the elections just 2 weeks away almost all the USD numbers will be "portrayed" as good...LOL

Have no idea what that may mean for the dollar but GBP is bouncing at top of 4H channel and fibs now. Should get interesting for sure.

GL
Attached Image (click to enlarge)
Click to Enlarge Name: Indexes_2.PNG Size: 65 KB
Ghost Rider - WWTBMD?
  • #328,078
  • Oct 24, 2012 8:49am Oct 24, 2012 8:49am
Quoting albchr
Well, don't know if it has the steam to get there so small short at 6034 and will load more if it does.

So much news and talking today anything can happen. I'm betting with the elections just 2 weeks away almost all the USD numbers will be "portrayed" as good...LOL

Have no idea what that may mean for the dollar but GBP is bouncing at top of 4H channel and fibs now. Should get interesting for sure.

GL
nice charts.

I am not thinking a lot higher than 1.6060 here..

But could be terribly mistaken.

As you said - could get very interesting.

Wish you success
  • #328,079
  • Oct 24, 2012 8:54am Oct 24, 2012 8:54am
Quoting TauTrader
nice charts.

I am not thinking a lot higher than 1.6060 here..

But could be terribly mistaken.

As you said - could get very interesting.

Wish you success
Thank you

I agree and if I had to refine the numbers a bit, perhaps 69/74 as high.

Love the TWO talks by Draghi with the second one the same time as USD New Home Sales...LOL

The "interesting" part.
Ghost Rider - WWTBMD?
  • #328,080
  • Oct 24, 2012 8:58am Oct 24, 2012 8:58am
Quoting albchr
Thank you

I agree and if I had to refine the numbers a bit, perhaps 69/74 as high.

Love the TWO talks by Draghi with the second one the same time as USD New Home Sales...LOL

The "interesting" part.
Yip - but I do not really understand fundies. Gap on the 1 minute chart @ 1.6118

Fark...
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