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Cable Update (GBPUSD)

  • #333,321
  • Jan 8, 2013 6:52am Jan 8, 2013 6:52am
ok out manually lost 1pip in my long.
90% of traders use TA, indicators and prediction
  • #333,322
  • Jan 8, 2013 7:03am Jan 8, 2013 7:03am
entered short @ 1.6070.Aiming 1.5950 area.Closed all the long.
will the target be attained by today?
  • #333,323
  • Jan 8, 2013 7:09am Jan 8, 2013 7:09am
Quoting TauTrader
This area is "normally" a good area to expect a little rise from, but one has to be careful - as divergence is always possible. Gut tells me we are a bit too high right now.. The cross is the key... so I have taken a short here - will not hold too long. See if it wants to fake it.

Do not know how to state it... if she wants to go up, she really needs to go down first?

Regards
Shorts closed. May look to long soon.
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  • #333,324
  • Jan 8, 2013 7:24am Jan 8, 2013 7:24am
Quoting TauTrader
Shorts closed. May look to long soon.
Maybe too early to cut ur shorts but we'll see
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,325
  • Jan 8, 2013 7:40am Jan 8, 2013 7:40am
Quoting fxtyrant
Maybe too early to cut ur shorts but we'll see
FX-

Wanted to bank green.

Mixed 4hr charts on EU and GU - a bit confused. GU longs not out of the picture.

Have to go and manage my test journal now.

All the best to you

Regards
  • #333,326
  • Jan 8, 2013 7:48am Jan 8, 2013 7:48am
Well down goes the pound... Too bad my aussie friend ill-b-back wasnt in with us huh nav??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,327
  • Jan 8, 2013 7:57am Jan 8, 2013 7:57am
Quoting Ill-b-back
Look out mate, here I come

This could hurt a little
it was close i got to admit... but i had my stoploss perfectly placed
im getting good at this buddy
watch as GBPUSD reaches 1.5920-50 area for my 1:4 risk reward profitable trade
too bad you gone long :/
https://dl.dropbox.com/u/52561775/Fo...12013.2153.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,328
  • Jan 8, 2013 7:58am Jan 8, 2013 7:58am
Quoting fxtyrant
Well down goes the pound... Too bad my aussie friend ill-b-back wasnt in with us huh nav??
u can take a donkey to the water but u cant force it to drink haha (just kidding, couldnt help myself)

can understand the long..perhaps a retrace to 50 % area..but it was risky..
  • #333,329
  • Jan 8, 2013 8:07am Jan 8, 2013 8:07am
Quoting Nachiket
Nav how are you? where is bguguen. Missed this forum for a month now. Not trading gbp this month. new year resolution
why? ..
  • #333,330
  • Jan 8, 2013 8:10am Jan 8, 2013 8:10am
Quoting nAVIN2007
u can take a donkey to the water but u cant force it to drink haha (just kidding, couldnt help myself)

can understand the long..perhaps a retrace to 50 % area..but it was risky..
Indeed indeed my wise friend...
but i guess its proven that its probably dangerous to go against Us when we're on the same page...
i realized when we agree on something... market always seem to prove us right.... :/
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,331
  • Jan 8, 2013 8:33am Jan 8, 2013 8:33am
Quoting nAVIN2007
why? ..
too much of bullshit has happened on this pair since past 3 months. I remember 3 incidents

1. In Nov some uk clearer was buying the pound from 1.590x to fund airport deal. charts were shouting at 1.5750 and it touched 1.61
2. I remember on friday in october/november pound rallied a clear 105 pips from nowhere on no news. there was no news on the euro as
well but still both of them rallied
3. pound rallied from 1.6150 to 1.6320 on the us debt deal news which was a sucker according to me. 200 pips on make-shift deal
  • #333,332
  • Jan 8, 2013 8:40am Jan 8, 2013 8:40am
Quoting iqyu5an
planning
http://www.forexfactory.com/attachme...1&d=1357630817

now ? time to make decision ...execute the plan or not ....

current chart : not attached.
.
not euphoria follower
  • #333,333
  • Jan 8, 2013 9:09am Jan 8, 2013 9:09am
Even when you look at the two daily hammers and how they formed, they looked flaggish.

Plus looking at weekly, its hard to go against, albeit even for some kind of retacement.

looks like shorts kicking in now.

Patience is a virtue.
  • #333,334
  • Jan 8, 2013 9:22am Jan 8, 2013 9:22am
Quoting fxtyrant
Indeed indeed my wise friend...
but i guess its proven that its probably dangerous to go against Us when we're on the same page...
i realized when we agree on something... market always seem to prove us right.... :/

lets look at the facts, infact bbking webinar on it basically says it all 1.63 was rejected massively and this movement down broke an ascending monthly trendline..1.53 is conditioned long term to now potentially break..it wasnt b4

its still early and i wont feel better unless im below 1.59
welldone on the trade
  • #333,335
  • Jan 8, 2013 9:23am Jan 8, 2013 9:23am
Quoting alex1976
Even when you look at the two daily hammers and how they formed, they looked flaggish.

Plus looking at weekly, its hard to go against, albeit even for some kind of retacement.

looks like shorts kicking in now.

Patience is a virtue.
well said
  • #333,336
  • Jan 8, 2013 9:24am Jan 8, 2013 9:24am
Quoting nAVIN2007
well said

tks brother!

Great minds think alike
  • #333,337
  • Jan 8, 2013 9:28am Jan 8, 2013 9:28am
Quoting alex1976
tks brother!

Great minds think alike

if u look at the dailly..connect the last 3 highs..do the same on the lows (bear flag bro) 200 pips at least for a pole..a break perhaps tomorrow may take below 1.59

its a possibility if lows go..trade well (happy new year)
  • #333,338
  • Jan 8, 2013 9:28am Jan 8, 2013 9:28am
I wouldnt be surprised if we see another daily hammer in this flag
  • #333,339
  • Jan 8, 2013 9:29am Jan 8, 2013 9:29am
Quoting nAVIN2007
if u look at the dailly..connect the last 3 highs..do the same on the lows (bear flag bro) 200 pips at least for a pole..a break perhaps tomorrow may take below 1.59

its a possibility if lows go..trade well (happy new year)

Happy new year to you too bro.

Lets take the cable by storm this year!
  • #333,340
  • Jan 8, 2013 9:30am Jan 8, 2013 9:30am
I bet a lot went long on close of yesterday's daily hammer candle but it ran into underside of the breeched former ascending t/line on daily and 50% 6241-6007. Some demand now ? how strong are the bears ?

G/L
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