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Cable Update (GBPUSD)

  • #338,381
  • Apr 4, 2013 11:15am Apr 4, 2013 11:15am
Quoting fxtyrant
thanks buddy anyways ill put an effort to posting more here...

It would be very appreciated
Money never sleeps...
  • #338,382
  • Apr 4, 2013 11:18am Apr 4, 2013 11:18am
Quoting Maso
I do agree. the cable is going down from 1.52000 which is so strong now.

Maso, I never doubt you for a minute bro.

Will you still feel this way if tomorrow NFP suck donkey dick too?

Im not so sure.
'
I was bearish until today, now im neutral, bad data from the US tomorrow and I might be starting to agree with Bones.

Had a great day though today, almost 3k and took a short on the EU down to 1.28 which will nudge me over.
Money never sleeps...
  • #338,383
  • Apr 4, 2013 11:18am Apr 4, 2013 11:18am
Re gbpusd today....not something you see very often - price from the open to the low was 106% of 20day atr (around daily S2 at the 5032 low) and then the post Boe/Mpc data rally saw price reach 164% of 20 day at at the current daily hi - around Daily R2. Much changed 1hr and 4hr potential sup/res charts attached...1hr could go into an OPA uptrend although it's a LL-H so far on the move up re OPA such was strength of move up, 4hr ranging

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hr.jpg Size: 119 KB
Click to Enlarge Name: 4hr.jpg Size: 235 KB
ex member
  • #338,384
  • Apr 4, 2013 11:33am Apr 4, 2013 11:33am
Quoting fxtyrant
okay i guess im gona start posting on this thread again... atleast people here are reading my threads, EURUSD thread people seem to be ignoring my post.... this is my trade for the day.... {image}
I liked your posts when I first joined FF

And look bbmac is here too

I simply think that when the big guys talk the students only listen and learn.

But knowing myself, I sometimes throw in a few funny stuff especially when I am bored in a slow market, or stuck in a bad trade(s)..!!!!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,385
  • Apr 4, 2013 11:36am Apr 4, 2013 11:36am
Quoting inpatient
Maso, I never doubt you for a minute bro. Will you still feel this way if tomorrow NFP suck donkey dick too? Im not so sure. ' I was bearish until today, now im neutral, bad data from the US tomorrow and I might be starting to agree with Bones. Had a great day though today, almost 3k and took a short on the EU down to 1.28 which will nudge me over.
Just make the most use of the range(s) until it breaks out... Am I right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,386
  • Apr 4, 2013 11:39am Apr 4, 2013 11:39am
Quoting baherhosni
Just make the most use of the range(s) until it breaks out... Am I right?
yes sir, for all I actually thought it had made its decision earlier today and was going to go south.

News proved me wrong and nothing more than luck put me on the right side of the trades today.
Money never sleeps...
  • #338,387
  • Apr 4, 2013 11:46am Apr 4, 2013 11:46am
ok guys, got to get showered and dressed, wife has jobs for me to do!

Take care all and good luck with whatever your doing/planning
Money never sleeps...
  • #338,388
  • Apr 4, 2013 11:50am Apr 4, 2013 11:50am
look what the gbp just done
top of tl and it has broke the monthly

Quoting Bones
gbp lfx monthly 2.6300gbplfx / 1.7000 usdlfx =1.5470 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfxmonthly monthly 4-4-13.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,389
  • Apr 4, 2013 11:51am Apr 4, 2013 11:51am
Quoting baherhosni
I liked your posts when I first joined FF And look bbmac is here too I simply think that when the big guys talk the students only listen and learn. But knowing myself, I sometimes throw in a few funny stuff especially when I am bored in a slow market, or stuck in a bad trade(s)..!!!!!!
im not that big, my forex experience has been a roller coaster of trial and error.... but thats how things get perfected

Thomas Edison - "I have not failed 700 times. I have not failed once. I have succeeded in proving that those 700 ways will not work. When I have eliminated the ways that will not work, I will find the way that will work."
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #338,390
  • Apr 4, 2013 11:53am Apr 4, 2013 11:53am
forget your fundi views thats my advise ,I dont see anyone here good enough to have
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,391
  • Apr 4, 2013 11:54am Apr 4, 2013 11:54am
eur is going higher without doubt
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,392
  • Apr 4, 2013 12:03pm Apr 4, 2013 12:03pm
Quoting fxtyrant
im not that big, my forex experience has been a roller coaster of trial and error.... but thats how things get perfected Thomas Edison - "I have not failed 700 times. I have not failed once. I have succeeded in proving that those 700 ways will not work. When I have eliminated the ways that will not work, I will find the way that will work."
See what I mean? if you made more mistakes that I did and "eliminated" those, then I should listen so that I can try not reinvent the wheel of mistakes

In short, its the experience that makes you big. If you like, I can call you "forex experienced" instead

Anyway, I just love this thread, its ppl and the GU now. I sometimes browse through the EU thread and I can't get myself to get in the loop with them for some reason!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,393
  • Apr 4, 2013 12:04pm Apr 4, 2013 12:04pm
Quoting inpatient
ok guys, got to get showered and dressed, wife has jobs for me to do! Take care all and good luck with whatever your doing/planning
Good luck with the "Jobs" pal! I know how those must be!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,394
  • Apr 4, 2013 12:05pm Apr 4, 2013 12:05pm
Quoting Bones
forget your fundi views thats my advise ,I dont see anyone here good enough to have
me? im not trading fundy anymore...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #338,395
  • Apr 4, 2013 12:07pm Apr 4, 2013 12:07pm
- Current positions

- Looking to close long positions @ 1.5315 and 1.5405

- Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #338,396
  • Apr 4, 2013 12:11pm Apr 4, 2013 12:11pm
Even more new highs for the day with lower volumes (at least on my terminal)!! No bears??!
The steep climb must have changed their minds. But I honestly like the nice balance between fundies and tech on the GU price action lately. It helps a lot. I got burned from Oil last week with all the uncertainty hovering around that thing. So I am sticking to majors especially GU these days.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,397
  • Apr 4, 2013 12:12pm Apr 4, 2013 12:12pm
Quoting baherhosni
See what I mean? if you made more mistakes that I did and "eliminated" those, then I should listen so that I can try not reinvent the wheel of mistakes In short, its the experience that makes you big. If you like, I can call you "forex experienced" instead Anyway, I just love this thread, its ppl and the GU now. I sometimes browse through the EU thread and I can't get myself to get in the loop with them for some reason!!!
actually i probably wont be trading GBPUSD anytime soon..... the charts look overstretched on daily and i need a rather large pull back before i can enter anything cuz my bias on GBPUSD is short....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #338,398
  • Apr 4, 2013 12:21pm Apr 4, 2013 12:21pm
lol no not you fx ,
gbp is bullish I think you will see power of usd bears soon enough


Quoting fxtyrant
me? im not trading fundy anymore...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,399
  • Apr 4, 2013 12:25pm Apr 4, 2013 12:25pm
look at this set up what next ?


Quoting Bones
eur is going higher without doubt
Attached Image (click to enlarge)
Click to Enlarge Name: eurlfxdaily 4-4-13 look.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,400
  • Apr 4, 2013 12:28pm Apr 4, 2013 12:28pm
Quoting Bones
lol no not you fx , gbp is bullish I think you will see power of usd bears soon enough
you might be right about it being bullish now that its down so much, but heres the thing.. im only looking to SHORT when it pulls back up...
reason is this.. look at the EMAs on the chart

Monthly: Bearish
Attached Image (click to enlarge)
Click to Enlarge Name: 20130404.1724.gmt.gbpusd.monthly.png Size: 47 KB

Weekly: Bearish
Attached Image (click to enlarge)
Click to Enlarge Name: 20130404.1724.gmt.gbpusd.weekly.png Size: 47 KB

Daily: Bearish
Attached Image (click to enlarge)
Click to Enlarge Name: 20130404.1724.gmt.gbpusd.daily.png Size: 48 KB


it was a GREAT shorting opportunity up at 1.63 because when 1.63 gave me the signal, daily ema's seem to be bullish, but the fact is weekly and monthly remained bearish... and a bearish divergence up there would mean that the upper timeframe would drive this baby all the way down....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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