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Cable Update (GBPUSD)

  • #333,421
  • Jan 9, 2013 7:40am Jan 9, 2013 7:40am
Entry 1.6125 TP@ 1.6 triggered .
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #333,422
  • Jan 9, 2013 7:41am Jan 9, 2013 7:41am
Quoting fxtyrant
So my Happy Trigger Finger Short at 1.6056 turned out to be an ingenious trade
already 50+ pip about to move Sl down to 1.6025 to lock in atleast 30 pips
next stop 1.5940

Enjoy the charts folks i sure do seeing my trade in profit... feeling bad for ill-b-back... he kinda had plenty of warning but i guess hes gona hold his longs till it turns profitable.... its probably gona hurt a bit for him... cuz if 1.5940 gives.... it opens the way to retest 2012 GBPUSD lows of 1.52....
https://dl.dropbox.com/u/52561775/Fo...12013.2132.gif...
I keep with my opinion - you are a total dick.

Regards
  • #333,423
  • Jan 9, 2013 7:42am Jan 9, 2013 7:42am
Yep Yep looking at my chart on the Daily...
having busted throught the 61.8% fibo retrace... next level 78.2%
and 78.2% is gona see a LOT of supporting power

with a lot of confluence there...
Upward Trendline
78.2% fibo, lined up with Daily EMA200 and Weekly EMA55...

so seeing as we busted down... i dont see any support until the confluence zone i mentioned whichis around 1.5940
Goodluck folks...
read the charts and trade the charts...

atleast one thing you can be certain... when Navin and I are on the same page... kinda dangerous to trade against us... https://dl.dropbox.com/u/52561775/Fo...12013.2138.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,424
  • Jan 9, 2013 7:45am Jan 9, 2013 7:45am
Quoting TauTrader
I keep with my opinion - you are a total dick.

Regards
Well i already know i am one... sooo thanks?
lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,425
  • Jan 9, 2013 7:48am Jan 9, 2013 7:48am
Quoting TauTrader
CD -

Good day, sir

I am also seeing possible bullish divergence on 4hr GU... but I have learned over the years - that if we get to below xx.15 - we could touch xx.00 as a high probability. The same with xx.85 on a long. So - looking to go long - but want to see what we do here first.

Post up a nice pic - will you?

Regards
Good day,
4 way cross play here between GBPUSD+EURUSD+EURGBP+EURJPY with Cable PA being the underdog..
may be small long on M15 close above 1.6020 +RSI rising above 40 to confirm the divergence & potential Guppy expansion..

Attached Image (click to enlarge)
Click to Enlarge Name: 3x PA-20130109- GBPUSD M15.png Size: 42 KB
  • #333,426
  • Jan 9, 2013 7:55am Jan 9, 2013 7:55am
Quoting cdndollar
Good day,
4 way cross play here between GBPUSD+EURUSD+EURGBP+EURJPY with Cable PA being the underdog..
may be small long on M15 close above 1.6020 +RSI rising above 40 to confirm the divergence & potential Guppy expansion..

Attachment
i dunno bout you but heres me being humble and asking you a serious question...
looking at that post it seems as though you prefer trading cross pair correlated move
in ur experience is it reliable? especially with EURGBP?

as of late i find EURGBP very manipulated... as if Bankers are Moving money in and out between Europe and UK on conflicting news of UK and Europe... when they are essentially 1 economy.. the Eurozone...

i dunno bout you but i tend not to play with the EURGBP because of this reason where fresh sellers/buyer poping out of no where....

for me EURGBP is an indication (i never trade it, atleast not very much cuz theres no technical reasons to) of the Discorrelation betwen EURO and the GBPU against the dollar.... and thats it i guess....

interested to know more what you think...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,427
  • Jan 9, 2013 7:59am Jan 9, 2013 7:59am
Quoting fxtyrant
Well i already know i am one... sooo thanks?
lol
Good day to you, FX-

But seriously... why rub in the fact that some traders took the opposite? Is it fair?

Just a while ago, you were running a demo test on your system and went short ( according to your rules) on most Yen pairs.

For a long while, it did not look good. You were on here blaming certain "forces". Did anybody wish you bad luck? Did anyone ridicule you? NO. It was accepted that you were testing. That fundies screwed your techs at that point ( as per your own reasoning).

Tone it down.

I like your "system" and you do talk a lot of sense ( at times). Please refrain from building your prosperity by putting others down - or in an awkward position. You need to be nice to people when you climb the ladder, as you will have to greet them again on your way down.

I may be over sensitive. Possible. - But I can not accept your conduct.

Maybe it is time for me to move on - as I may have become too soft for this thread.

I beg you - put a guard in place.

All the best
  • #333,428
  • Jan 9, 2013 8:07am Jan 9, 2013 8:07am
Quoting fxtyrant
So my Happy Trigger Finger Short at 1.6056 turned out to be an ingenious trade
already 50+ pip about to move Sl down to 1.6025 to lock in atleast 30 pips
next stop 1.5940

Enjoy the charts folks i sure do seeing my trade in profit... feeling bad for ill-b-back... he kinda had plenty of warning but i guess hes gona hold his longs till it turns profitable.... its probably gona hurt a bit for him... cuz if 1.5940 gives.... it opens the way to retest 2012 GBPUSD lows of 1.52....
https://dl.dropbox.com/u/52561775/Fo...12013.2132.gif...
Sir Il-be-back has a SL in place
Numbers NEVER Lie
  • #333,429
  • Jan 9, 2013 8:08am Jan 9, 2013 8:08am
Quoting TauTrader
Good day to you, FX-

But seriously... why rub in the fact that some traders took the opposite? Is it fair?

Just a while ago, you were running a demo test on your system and went short ( according to your rules) on most Yen pairs.

For a long while, it did not look good. You were on here blaming certain "forces". Did anybody wish you bad luck? Did anyone ridicule you? NO. It was accepted that you were testing. That fundies screwed your techs at that point ( as per your own reasoning).

Tone it down.

I like your "system" and you do...
Well Tau... you werent here when i helped Ill-b-back avoid a big loss as he wanted to short the GBPUSD at lows before NFP last week....
im trying my best to be nice, and dont worry me and my australian friend have this sort of love hate relationship....
beside im not hoping bad for him and i respect his Longs on the GBPUSD, i was merely saying he can stick to his Long but he may suffer some drawdown like i do with my Yen, its just I CAN take the drawdown cuz im on demo....
And yes, i still do Blame BOJ for the easing that caused much of my JPY trades underwater, and im still testing how underwater it can get for a technical trade thats going against central banks....

Not that im completely perfect with my conduct but i have a feeling you are quite over sensitive, maybe you havent been around the GBPUSD thread to know enough of whats going on, and im not gona blame you for that... in fact i welcome you bad buddy... we missed you...

but now is really not a good time to be longing as Higher TF PA suggesting lower lows to be created...
and its not at all that uncommon for a correction from last year end's rally to happen at the the beginning of a new year on profit taking flows my friend...

anyways no hard feelings...
i just feel kinda sad for my aussie friend to suffer longing the GBPUSD...
im not exactly the authority on trading the GBPUSD... but when other senior traders agree with me on the bearish stance of the GBPUSD (ie Navin and BBking) i suppose my analysis on helps contribute to the reasoning as to why we should be looking short and not long....

besides I have shared how my trading system works with Ill-b-back so he should know ever since GBPUSD Daily EMA55 is above EMA 200, all im interest is to short on divergence and you can see thats i had the divergence signal in my Daily chart up at 1.63....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,430
  • Jan 9, 2013 8:10am Jan 9, 2013 8:10am
I'm placing a 25% position long here. To add every 20 pips down. 1.6000

Regards
  • #333,431
  • Jan 9, 2013 8:10am Jan 9, 2013 8:10am
Quoting ZizoFX
Sir Il-be-back has a SL in place
okay phew thats good news cuz PA is looking really heavy on GBPUSD.... its definitely looking for that 1.5940 area...
anyways still wishing him green pips
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,432
  • Jan 9, 2013 8:11am Jan 9, 2013 8:11am
Looks like a clever move from the markets to push the GBP/USD down as the market favors riskier assets. A weaker GBP is exactly what King has in mind; actually, it seems to be the aim of most central bankers out there.
  • #333,433
  • Jan 9, 2013 8:13am Jan 9, 2013 8:13am
Quoting fxtyrant
Well Tau... you werent here when i helped Ill-b-back avoid a big loss as he wanted to short the GBPUSD at lows before NFP last week....
im trying my best to be nice, and dont worry me and my australian friend have this sort of love hate relationship....
beside im not hoping bad for him and i respect his Longs on the GBPUSD, i was merely saying he can stick to his Long but he may suffer some drawdown like i do with my Yen, its just I CAN take the drawdown cuz im on demo....
And yes, i still do Blame BOJ for the easing that caused much of my JPY...
FX-

Fair enough.

I wish you all the best.

Regards
  • #333,434
  • Jan 9, 2013 8:18am Jan 9, 2013 8:18am
Quoting TauTrader
FX-

Fair enough.

I wish you all the best.

Regards
and you too buddy... green pips to you and looking forward to see you posting more often....
in the meantime i got to look for a way to kick navin's ass for not meeting up with me before i left london last term....
ahaha jk...
we're good friends
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,435
  • Jan 9, 2013 8:33am Jan 9, 2013 8:33am
Don;t post often guys but am a full time trader mainly cable and what a day - chart says it all
Attached Image (click to enlarge)
Click to Enlarge Name: cable345.gif Size: 24 KB
  • #333,436
  • Jan 9, 2013 8:33am Jan 9, 2013 8:33am
Opened a short. May live to regret it...

first TP 70.
  • #333,437
  • Jan 9, 2013 8:39am Jan 9, 2013 8:39am
i'm sure if someone now jump in short <1.60 price will spike up 50 pips.
if the same one will jump in long <1.60 price will crash straight to 1.5950.

just let me know if you are THAT one and your decision, so i will do the opposite
90% of traders use TA, indicators and prediction
  • #333,438
  • Jan 9, 2013 8:39am Jan 9, 2013 8:39am
Quoting Freshpips
Opened a short. May live to regret it...

first TP 70.
Good luck I'm out for the day suspect some big buy orders around 00 zone - might be wrong
  • #333,439
  • Jan 9, 2013 8:40am Jan 9, 2013 8:40am
Quoting _BBKing_
i'm sure if someone now jump in short <1.60 price will spike up 50 pips.
if the same one will jump in long <1.60 price will crash straight to 1.5950.

just let me know if you are THAT one and your decision, so i will do the opposite

I opened a short. So I suggest you go long. 100 lots.
  • #333,440
  • Jan 9, 2013 8:45am Jan 9, 2013 8:45am
Quoting fxtyrant
okay phew thats good news cuz PA is looking really heavy on GBPUSD.... its definitely looking for that 1.5940 area...
anyways still wishing him green pips
You are right. 1.5940 is looking a possiblity & a close around that area will confirm a break of the bullish trend-line i've been holding. even a closee below 1.6022 is confirmation for further south.

Thanks FXtyrant. Wish you green pips too
Numbers NEVER Lie
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