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Cable Update (GBPUSD)

  • #334,441
  • Jan 22, 2013 1:56pm Jan 22, 2013 1:56pm
Quoting Vilkas
lol I love you act to the current situation

9:45pm GBP
BOE Gov King Speaks
Loosening is not an option
  • #334,442
  • Jan 22, 2013 1:59pm Jan 22, 2013 1:59pm
My bet is: this bear trend isn't over.
  • #334,443
  • Jan 22, 2013 1:59pm Jan 22, 2013 1:59pm
Quoting _BBKing_
wtf just happened to move price down 40pips????????? fuck
me opening my mouth
  • #334,444
  • Jan 22, 2013 2:13pm Jan 22, 2013 2:13pm
Quoting Vilkas
9:45pm GBP
BOE Gov King Speaks
damn! this was not in investing.com
they stopped me away! damn.
just reversed in short with whole account. LOL!
covered the loss and made the day!
LOOOOOL!
90% of traders use TA, indicators and prediction
  • #334,445
  • Jan 22, 2013 2:15pm Jan 22, 2013 2:15pm
Quoting nAVIN2007
me opening my mouth
damn! you should have advised me you were closing the 50.000-70.000 lots in long!
90% of traders use TA, indicators and prediction
  • #334,446
  • Jan 22, 2013 2:27pm Jan 22, 2013 2:27pm
in this situation.... i suspect price will visit area 1.57
pip more pip less... next lower support in that case, should be the range 5770-5720 seen in daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.jpg Size: 73 KB
90% of traders use TA, indicators and prediction
  • #334,447
  • Jan 22, 2013 2:30pm Jan 22, 2013 2:30pm
Quoting _BBKing_
in this situation.... i suspect price will visit area 1.57
pip more pip less... next lower support in that case, should be the range 5770-5720 seen in daily chart.

well I do not like it at all
Loosening is not an option
  • #334,448
  • Jan 22, 2013 2:31pm Jan 22, 2013 2:31pm
Now im worried for gbp ,I note last week also I note this week open , sell off
sail through last month low
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx w1 22-01-13.gif Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,449
  • Jan 22, 2013 2:54pm Jan 22, 2013 2:54pm
cable saved by $ ,but not V xxx

potentail dark cloud forming but
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx w1 22-01-13.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,450
  • Jan 22, 2013 3:00pm Jan 22, 2013 3:00pm
GDP data on Friday. Down grade getting priced in. Public borrowing going up.

Still some more QE should help.
  • #334,451
  • Jan 22, 2013 3:02pm Jan 22, 2013 3:02pm
Quoting Vilkas
well I do not like it at all
need to breake the 5800 first.
better be cautious!
but in daily that area could be a destination.

problem now is entry, because as long as the 58 holds, better short far from it.
time will tell.
have to sleep! bybye every1
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  • #334,452
  • Jan 22, 2013 3:08pm Jan 22, 2013 3:08pm
short from 880 may not be a bad idea if this sideways PA continues.
  • #334,453
  • Jan 22, 2013 3:35pm Jan 22, 2013 3:35pm
Quoting alex1976
short from 880 may not be a bad idea if this sideways PA continues.
i would like a short opportunity near 1.60
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  • #334,454
  • Jan 22, 2013 3:57pm Jan 22, 2013 3:57pm
Quoting _BBKing_
i would like a short opportunity near 1.60

BB Id like to go back few weeks and short major lots from 6300, lol
  • #334,455
  • Jan 22, 2013 5:32pm Jan 22, 2013 5:32pm
Quoting Ill-b-back
Still waiting for any bullish break.
  • #334,456
  • Jan 22, 2013 5:38pm Jan 22, 2013 5:38pm
Quoting _BBKing_
need to breake the 5800 first.
better be cautious!
but in daily that area could be a destination.

problem now is entry, because as long as the 58 holds, better short far from it.
time will tell.
have to sleep! bybye every1
Last two daily bars are inside bars of the Friday candle. I think if the Friday low goes, we will see 1.56 soon. Otherwise, we wait for the consolidation to happen in the "inside" and wait for a break up or down. If Friday high goes, we may see a new bull.
  • #334,457
  • Jan 22, 2013 7:22pm Jan 22, 2013 7:22pm
You gotta love this shit. Days like this that make you develop your patience.

I use to wanna jump on any old trade, now I'm getting more and more picky with my trades.

I guess that what makes the difference between gambling and taking calculated risks/high probability trades.

Trading teaches you so much about yourself and its more of a struggle with yourself than the actual market.

The market is our friend, become one with it, don't resist it's advice.
  • #334,458
  • Jan 22, 2013 7:28pm Jan 22, 2013 7:28pm
Weekly still has strong downward momentum, daily looking flattish with diamond forming. Best way to play this is wait for a clear daily close either above 914 or below 804.

Alternatively one could read it flag down, sell a little higher from here, roll da dice and score a nice 1:3 risk reward ratio.

First idea is reactive and taking what pa gives us, second idea is predictive and higher risk but higher return.
  • #334,459
  • Jan 23, 2013 12:48am Jan 23, 2013 12:48am
Quoting alex1976
You gotta love this shit. Days like this that make you develop your patience.

I use to wanna jump on any old trade, now I'm getting more and more picky with my trades.

I guess that what makes the difference between gambling and taking calculated risks/high probability trades.

Trading teaches you so much about yourself and its more of a struggle with yourself than the actual market.

The market is our friend, become one with it, don't resist it's advice.
100% agreee in this!
now... i went short near 1.6340. main problem? i closed it for great 80-100 pips.
was it possible to predict this move?
no
the one answering "yes" to such a question... is a liar!
90% of traders use TA, indicators and prediction
  • #334,460
  • Jan 23, 2013 12:54am Jan 23, 2013 12:54am
Quoting CasperTrader
Last two daily bars are inside bars of the Friday candle. I think if the Friday low goes, we will see 1.56 soon. Otherwise, we wait for the consolidation to happen in the "inside" and wait for a break up or down. If Friday high goes, we may see a new bull.
for what i see we already are twice below friday's candle!
imo...until price stay within hourly channel downtrend the only places to buy/close shorts is near 1.580 then near 1.570
but to see gain bullpower actually needs to get >1.59 to close daily >1.5880. hard work!!
let's see today what happens
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.jpg Size: 59 KB
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