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Cable Update (GBPUSD)

  • #336,001
  • Feb 20, 2013 1:48am Feb 20, 2013 1:48am
Quoting albchr
Well, looks like no retrace to test that triangle before 5300...LOL

Just woke up and after all that time saying 5300? I got ONE PIP off that little long yesterday thinking it might retrace before falling.
Why retrace when there is some nice convenient news to avoid all that?
  • #336,002
  • Feb 20, 2013 1:48am Feb 20, 2013 1:48am
Can someone explain me, why such a great down move given the good news?? I haven’t traded this pair in a while.... so I don’t understand this.
  • #336,003
  • Feb 20, 2013 1:49am Feb 20, 2013 1:49am
Quoting Halba
my advice look at the other pairs. this is not tradeable after the fall as too risky either long or short.
price goes up and down and just because it goes down does not mean sky is falling.
Just look at the weekly chart.
In trading, you have to be defensive and aggressive at the same time
  • #336,004
  • Feb 20, 2013 1:49am Feb 20, 2013 1:49am
What is going on right now? The news is so good why droppping so much? It really hurt me a lot
  • #336,005
  • Feb 20, 2013 1:50am Feb 20, 2013 1:50am
Quoting Davit
price goes up and down and just because it goes down does not mean sky is falling.
Just look at the weekly chart.
better after a retrace. its down over 200 without a r/t

right as we speak, falling 1 pip a minute

crazy stuff, the BOE havent even printed much
  • #336,006
  • Feb 20, 2013 1:51am Feb 20, 2013 1:51am
Quoting Davit
Placed limit buy at 5270.
.. Will it stay in the range, or bust through on it's 6th touch? Good R/R here.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_weekly.gif Size: 23 KB
Ghost Rider - WWTBMD?
  • #336,007
  • Feb 20, 2013 1:55am Feb 20, 2013 1:55am
here's my view in GPB USD. still waiting price to reach lower prev demand area 1.52-1.53.

out of topic some ideas on
EUR USD
EUR CHF
AUD USD
USD JPY

90% of traders use TA, indicators and prediction
  • #336,008
  • Feb 20, 2013 1:56am Feb 20, 2013 1:56am
Quoting albchr
.. Will it stay in the range, or bust through on it's fourth touch? Good R/R here.
Hi bro
Lot of traders don't realize that every trade is inherently risky.There is no such a thing as "safe" trade.However when one sees someone placed a buy at the beginning of the trend that accumulates 700pips we tend to admire that.Well it took balls to buy that low.
That is why we got stop loss.
Will it get 2010 low 1.44? Anything is possible.It could also go up 1.65 in 2months.

buy 5270 limit. SL 5250
In trading, you have to be defensive and aggressive at the same time
  • #336,009
  • Feb 20, 2013 2:03am Feb 20, 2013 2:03am
Price seems to be sitting around mid support 3 now and there are 135 pips between today's high and low. Based on that I would be tempted to put a small long on right now if I hadn't already reached my daily profit target.
  • #336,010
  • Feb 20, 2013 2:04am Feb 20, 2013 2:04am
Quoting Davit
Hi bro
Lot of traders don't realize that every trade is inherently risky.There is no such a thing as "safe" trade.However when one sees someone placed a buy at the beginning of the trend that accumulates 700pips we tend to admire that.Well it took balls to buy that low.
That is why we got stop loss.
Precisely! Every time we pull pull the trigger we're putting it on the line. Maybe this puppy will see 4852 and lower but you can be at least pretty sure it's going to bounce at the 50% (5270). I have my buy limit there too bro.

We've been in this range of since roughly August 2010. I have no reason to assume we're breaking out until I See it.
Ghost Rider - WWTBMD?
  • #336,011
  • Feb 20, 2013 2:05am Feb 20, 2013 2:05am
Quoting Nick35
again !!! bye bye cable !!!

1,5267 next stop
Fuck yeah!!!!!

Just glanced at my phone while doing a massage, 5443 and 5423 sells doing very nicely

Now back to the massage
Come with me if you want to live....
  • #336,012
  • Feb 20, 2013 2:08am Feb 20, 2013 2:08am
Quoting Davit
Hi bro
Lot of traders don't realize that every trade is inherently risky.There is no such a thing as "safe" trade.However when one sees someone placed a buy at the beginning of the trend that accumulates 700pips we tend to admire that.Well it took balls to buy that low.
That is why we got stop loss.
Will it get 2010 low 1.44? Anything is possible.It could also go up 1.65 in 2months.

buy 5270 limit. SL 5250
Hmmm...you put your SL at weekly S2. I have mine at 5230. Perhaps I should re-think...
Ghost Rider - WWTBMD?
  • #336,013
  • Feb 20, 2013 2:32am Feb 20, 2013 2:32am
Quoting Ill-b-back
Fuck yeah!!!!!

Just glanced at my phone while doing a massage, 5443 and 5423 sells doing very nicely

Now back to the massage
LOL.... VERY happy for ya bro.

(Now how long was I telling not to go long?)

Just watch 5270ish ya hear
Ghost Rider - WWTBMD?
  • #336,014
  • Feb 20, 2013 2:34am Feb 20, 2013 2:34am
Quoting Tingos318
Can someone explain me, why such a great down move given the good news?? I haven’t traded this pair in a while.... so I don’t understand this.
Quite clear to me .
Try this for starters .

 

  1. MPC considered cutting rates
  2. Possible that further monetary stimulus alone is insufficient
  3. Should consider other measures
  4. More targeted intervention needed to boost demand

  • #336,015
  • Feb 20, 2013 2:43am Feb 20, 2013 2:43am
Holy shit, this fucking pair. I wouldnt say im kicking myself, but I do dream of what would have happened if I acted on that pinbar on Jan 1st daily chart. I really wanted to, but was stuck in another trade at the time. Around one thousand pips :O

Watching 5270 closely.
  • #336,016
  • Feb 20, 2013 2:48am Feb 20, 2013 2:48am
Quoting feelmypecs
Holy shit, this fucking pair. I wouldnt say im kicking myself, but I do dream of what would have happened if I acted on that pinbar on Jan 1st daily chart. I really wanted to, but was stuck in another trade at the time. Around one thousand pips :O

Watching 5270 closely.
LOL... Well I'm kicking myself!! I've been calling this for weeks and I MISSED it! LOL (Too many personal things going on)

But that's the beauty of this game. Another chance is just around the corner. Or should I say...at the next SR...
Ghost Rider - WWTBMD?
  • #336,017
  • Feb 20, 2013 2:57am Feb 20, 2013 2:57am
Quoting albchr
LOL... Well I'm kicking myself!! I've been calling this for weeks and I MISSED it! LOL (Too many personal things going on)

But that's the beauty of this game. Another chance is just around the corner. Or should I say...at the next SR...
Well said, and thats exactly why I wouldnt be too harsh on myself. Opportunities come and go, and if you're indiscriminate like me, can exist on many different currency pairs. That said, im someone to who tries to catch the big fish and ride trend reversals. Im going to try to get on this one when it shows signs of letting up.
  • #336,018
  • Feb 20, 2013 3:17am Feb 20, 2013 3:17am
Quoting Balmain Boy
Quite clear to me .
Try this for starters .

 

  1. MPC considered cutting rates
  2. Possible that further monetary stimulus alone is insufficient
  3. Should consider other measures
  4. More targeted intervention needed to boost demand

Not good news really
Claims dropped
Rate rose
So Total Labour Pool shrunk and Unemployed rate rose - both bad news
Andy
  • #336,019
  • Feb 20, 2013 3:22am Feb 20, 2013 3:22am
Quoting feelmypecs
Holy shit, this fucking pair. I wouldnt say im kicking myself, but I do dream of what would have happened if I acted on that pinbar on Jan 1st daily chart. I really wanted to, but was stuck in another trade at the time. Around one thousand pips :O

Watching 5270 closely.
YEP
Attached Image (click to enlarge)
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  • #336,020
  • Feb 20, 2013 3:24am Feb 20, 2013 3:24am
Makavelli7
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