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Cable Update (GBPUSD)

  • #331,761
  • Dec 5, 2012 5:27pm Dec 5, 2012 5:27pm
Quoting A-speculator
maybe you're right, being old sometimes let me think the new strategy in the market.

perhaps it's because of my conservative strategy.

i wish you all green pips and all the best to you mate, i really mean it.
I know you do mate and I appreciate it.

Just me being me you know
Come with me if you want to live....
  • #331,762
  • Dec 5, 2012 5:28pm Dec 5, 2012 5:28pm
Quoting nAVIN2007
my question to u is..why wait for 6060, why not trade it to this point..unless u think the changes of 6060 are bad?..i dont understand the logic
well, it's because 6060 is the support, and trading counter trend is just not my norm, if i can say so..

since during counter trend, the wave can prematurely turn around towards it main trend at any time, and i'm not always in front of my computer.

i don't know how to put it in words.. maybe i can say that i just feel save flowing with the main trend and perhaps that is why i only take one side of the market at any time..
  • #331,763
  • Dec 5, 2012 5:30pm Dec 5, 2012 5:30pm
Quoting A-speculator
well, it's because 6060 is the support, and trading counter trend is just not my norm, if i can say so..

since during counter trend, the wave can prematurely turn around towards it main trend at any time, and i'm not always in front of my computer.

i don't know how to put it in words.. maybe i can say that i just feel save flowing with the main trend and perhaps that is why i only take one side of the market at any time..
  • #331,764
  • Dec 5, 2012 5:30pm Dec 5, 2012 5:30pm
Quoting fxtyrant
took a smack in the face by the yen dumping we see today..... ill have my revenge.... my tech strategy works if market was moving only on tech flow....
god damn Japs!!!
cool down mate.. market always right, you know...
  • #331,765
  • Dec 5, 2012 5:32pm Dec 5, 2012 5:32pm
Quoting A-speculator
well, it's because 6060 is the support, and trading counter trend is just not my norm, if i can say so..

since during counter trend, the wave can prematurely turn around towards it main trend at any time, and i'm not always in front of my computer.

i don't know how to put it in words.. maybe i can say that i just feel save flowing with the main trend and perhaps that is why i only take one side of the market at any time..
So your saying you are not sure it will go to 6060 hence no short trade, but if it does go to there it will a very good risk reward buy trade with your perception of the trend?
Come with me if you want to live....
  • #331,766
  • Dec 5, 2012 5:34pm Dec 5, 2012 5:34pm
Quoting Ill-b-back
So your saying you are not sure it will go to 6060 hence no short trade, but if it does go to there it will a very good risk reward buy trade with your perception of the trend?
And if it does not go down and you miss the bullish boat, there are plenty of other boats around
Come with me if you want to live....
  • #331,767
  • Dec 5, 2012 5:36pm Dec 5, 2012 5:36pm
Quoting Ill-b-back
So your saying you are not sure it will go to 6060 hence no short trade, but if it does go to there it will a very good risk reward buy trade with your perception of the trend?
i think you can say it that way.. that is also how i get my entries like you've seen before.. i always wait, sometime it get triggered, sometime it's not..

i get to miss trades by 1 pip difference than my PO.. if that happens, i always say to myself that there's another day...
  • #331,768
  • Dec 5, 2012 5:44pm Dec 5, 2012 5:44pm
Quoting Ill-b-back
And if it does not go down and you miss the bullish boat, there are plenty of other boats around
right mate..

suddenly you become a genius eh..
  • #331,769
  • Dec 5, 2012 5:59pm Dec 5, 2012 5:59pm
Quoting A-speculator
right mate..

suddenly you become a genius eh..
A genius?, He he, a bit early to say that mate, let's see if I can make some money from this sell trade first
Come with me if you want to live....
  • #331,770
  • Dec 5, 2012 6:02pm Dec 5, 2012 6:02pm
Quoting Ill-b-back
He he, a bit early to say that mate, let's see if I can make some money from this sell trade first
ok mate, got to go..

seems like i'll miss an entry on aussie @ 0445 (missed by 1 pip again)..

take care mate..
  • #331,771
  • Dec 5, 2012 6:04pm Dec 5, 2012 6:04pm


Aussie Suck
Come with me if you want to live....
  • #331,772
  • Dec 5, 2012 6:47pm Dec 5, 2012 6:47pm
US FISCAL CLIFF AND ITS AFFECT ON THE USD/GBP

I have over $100k (in USD) sat in a bank account in the UK. I am concerned with the outcome of what will happen in the US in January.

Should I keep my money in $$$ as the value against the pound will go up or change them to pounds?

I joined this forum as I figured you guys would be in the know,

Apologies for the interlude

Thanks so much
Ben Croft
  • #331,773
  • Dec 5, 2012 6:59pm Dec 5, 2012 6:59pm
Quoting Ill-b-back


Aussie Suck
why sucks mate?

seems like the price picked me up before the move up...

i thought i'm gonna missed it..
  • #331,774
  • Dec 5, 2012 7:39pm Dec 5, 2012 7:39pm
Quoting A-speculator
why sucks mate?

seems like the price picked me up before the move up...

i thought i'm gonna missed it..
Just sympathizing with your previous missed entry mate that's all.

Glad you were able to catch the ride though
Come with me if you want to live....
  • #331,775
  • Dec 5, 2012 8:30pm Dec 5, 2012 8:30pm
Confluence of weak fib levels with respectable s/r zone. Could be seeing a re-test of this level soon which presents a good buy opportunity with limited risk.
Attached Image (click to enlarge)
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  • #331,776
  • Dec 5, 2012 8:57pm Dec 5, 2012 8:57pm
Quoting bencroft
US FISCAL CLIFF AND ITS AFFECT ON THE USD/GBP

I have over $100k (in USD) sat in a bank account in the UK. I am concerned with the outcome of what will happen in the US in January.

Should I keep my money in $$$ as the value against the pound will go up or change them to pounds?

I joined this forum as I figured you guys would be in the know,

Apologies for the interlude

Thanks so much
Ben Croft
Longer term, I have no idea how the USD can possibly remain strong.
Come with me if you want to live....
  • #331,777
  • Dec 5, 2012 11:53pm Dec 5, 2012 11:53pm
Quoting bencroft
US FISCAL CLIFF AND ITS AFFECT ON THE USD/GBP

I have over $100k (in USD) sat in a bank account in the UK. I am concerned with the outcome of what will happen in the US in January.

Should I keep my money in $$$ as the value against the pound will go up or change them to pounds?

I joined this forum as I figured you guys would be in the know,

Apologies for the interlude

Thanks so much
Ben Croft
Dear friend it is almost impossible to know the future, really nobody have a clue about what will happen with the usd and the gbp in the future.
However, my personal advice, is to split the sum and put it equally in both gbp and usd, it would be like 50kusd and 31k gbp, so whatever happen in the future with usd/gbp, the value of your money will remain the same.
Hope it help
  • #331,778
  • Dec 6, 2012 12:08am Dec 6, 2012 12:08am
Quoting tunera
Dear friend it is almost impossible to know the future, really nobody have a clue about what will happen with the usd and the gbp in the future.
However, my personal advice, is to split the sum and put it equally in both gbp and usd, it would be like 50kusd and 31k gbp, so whatever happen in the future with usd/gbp, the value of your money will remain the same.
Hope it help
Now why on earth didn't I think of that
Come with me if you want to live....
  • #331,779
  • Dec 6, 2012 12:31am Dec 6, 2012 12:31am
it is daily chart. The probability of movement on up became higher, than down
Retracement can not be at all or will be within the specified range
Attached Image (click to enlarge)
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  • #331,780
  • Dec 6, 2012 12:53am Dec 6, 2012 12:53am
Quoting bencroft
US FISCAL CLIFF AND ITS AFFECT ON THE USD/GBP

I have over $100k (in USD) sat in a bank account in the UK. I am concerned with the outcome of what will happen in the US in January.

Should I keep my money in $$$ as the value against the pound will go up or change them to pounds?

I joined this forum as I figured you guys would be in the know,

Apologies for the interlude

Thanks so much
Ben Croft
As said there's no way to know. As mentioned by tunera you might want to hedge. You can read more about currency hedging here.

Quoting PskovFX
it is daily chart. The probability of movement on up became higher, than down
Retracement can not be at all or will be within the specified range
Barring an odd event I can see it getting to 1.6120 again without much trouble, and possibly 1.6170 in the medium range. Price just broke resistance is now stuck between resistance turned support and the next most obvious resistance level at the above-mentioned price. Hoping to get in at s/r below for a long.
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