Cable Update (GBPUSD)
i have an increasing confidence that USDollar will increase a lot this year.
now seriously, i was just giving an eye at the whole situation around.
in few words, if the USD start rising (actually is at very low rate around 80), and later it will be substained by something fundamental (end of QE?), we can say goodbye to da yuro and forget about 1.30 area for the remaning part of the year
Great chart as always...
Well said BBKing!
hey how about eur aud?
i really didn't expect this strength in AUD. ok for eur weakness but actaully main problems come from AUD still around 0360.
i don't really like actual daily setup in the cross...
wat level r u entering short?
OK, closed the 5675 short @ 5560 +115. Still holding the 5610 and covered @ 5600 for +10. Let'e see where she wants to go now.
Good morning! Today is Friday and possibly all day we will observe retracement if the market will not react to any important levels. For example 1,5545 or 1,5582 -1.5604
according to my data the scenario of retracement was confirmed by closing of a daily candle
currently in long from 1.5480
How many times are you going to fight the current trend?
You could have placed one sell order at the beginning of the week and would be up about 400 pips now! Instead you have chosen to keep fighting the trend by going long and have probably been stopped out multiple times.
That is why people like me will keep taking your money... Feed me feed me!
Mini sell @ 1.552 SL: 1.5526. Haha, just trying.
I think she wants go up before the data comes out!!!
there are some styles of trade. one of them trend style as yours. My style is not a trend style. This week I could observe GU only on Wednesday (for technical reasons) and only 1 time was stopped out with zero profit when there were news. If I leave the market by stop order that or with zero profit or at a loss no more than 30 pips
I sell greed and I buy fear of those people who trades in trend style
my «food» too poor for your account, probably other guys are feeding you
.... 
How many times are you going to fight the current trend?
You could have placed one sell order at the beginning of the week and would be up about 400 pips now! Instead you have chosen to keep fighting the trend by going long and have probably been stopped out multiple times.
That is why people like me will keep taking your money... Feed me feed me!
Forget it bro. He first came in here laughing at me and my diving board. Even so I tried to help. But with the 248 pips I pulled off GU last week, and the 115 banked and 90ish (as of now) this week, I'm very glad he's "feeding off the fear" of us poor dumb trend traders. Hey, we gotta get it from somewhere.
Funny thing is, I'm not really even a strict trend trader. I play both sides on the range bounces but with a momentum like we have here? Well...why fight the diving board...LOL
See ya at 5300 buddy.
LOL You're right. I just read your post from earlier about you can lead a horse to water...
I guess everybody has their own style of trading but some are obviously more profitable than others, to each his own.
BBKing made an excellent post earlier: http://www.forexfactory.com/showthre...67#post6447067
supply and demand rules say we are moving down because of strong supply.
why supply? because market has no good perception about GBP for many IMPORTANT reasons.
[i]nearest PREVIOUS demand area...
Yep, I read BB's post when he made it.
I may even take a short hop north (scalp) at that 5450ish if it even bounces there...LOL Grab a few more shorts and perhaps coast to 5300 next week.
