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Cable Update (GBPUSD)

  • #341,041
  • May 15, 2013 8:18am May 15, 2013 8:18am
Quoting fxtyrant
{quote} nah... in his dreams... but in reality.... {image} ps. i wonder whats a bonhead lol
Edit cant win em all shouldnt be scalping
  • #341,042
  • May 15, 2013 8:24am May 15, 2013 8:24am
Quoting claudia1
{quote} Edit cant win em all shouldnt be scalping
heres the problem... when something is so bearish... even scalpers cant help but to go long but that is the worse thig they could do because they are literally bettign against he odds... poor risk reward trades because of the counter trend....
the best trades is if you have a defined trend. to take a trade in the same direction of the trend as CLOSE to the trend as possible....
so really im not looking to long at the bottom of this Right shoulder range at 1.52, but rather im looking to hold onto my existing shorts from 1.5580 and to reload shorts on a pull back to the top of the Right shoulder range ~1.5350/1.5380

that is how you make good trades... not trying to catch a falling knife like some people here are doing....

Counter trend traders though can make money... is not the wisest of all same like short sellers of the US equity markets, they can only be right to a limit, then things can continue further up like we are making record highs on S&P and stuff....

but the idea is the TREND is your FRIEND.... Respect this and you will be rewarded.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,043
  • May 15, 2013 9:19am May 15, 2013 9:19am
440 pips without significant retrace is really a killer for swing trader, difficult option for taking position today, making shorts will face the retrace risk and if want make long, you know the bear so strong....
I am long try to following (maybe) retrace just a tiny size.....
  • #341,044
  • May 15, 2013 10:16am May 15, 2013 10:16am
Guys... you may also consider the USD/CAD for SHORT for long term up to .99. Right now, current price is 1.0176
  • #341,045
  • May 15, 2013 10:17am May 15, 2013 10:17am
hi
Do you think that 1.5200 will hold?
I'm long at 1,5250 and i will stop under this level. The U.S dollar index is at high from july 2012 and i hope it retrace also again the gbd, but the dollar seems too strong.
Sorry for my english!
  • #341,046
  • May 15, 2013 10:23am May 15, 2013 10:23am
Quoting 81raffae
hi Do you think that 1.5200 will hold? I'm long at 1,5250 and i will stop under this level. The U.S dollar index is at high from july 2012 and i hope it retrace also again the gbd, but the dollar seems too strong. Sorry for my english!
for me... 1.5250, better close that up... put Short instead. Target at 1.51 short term.
  • #341,047
  • May 15, 2013 10:40am May 15, 2013 10:40am
you are right . The chart is short. I'll wait the clousure of w.s
thanks
  • #341,048
  • May 15, 2013 11:01am May 15, 2013 11:01am
Quoting skyhawkps
{quote} you better trade in eur/usd for short 1.29 or if u like to continue up to 1.27 intead u play for long in GU
Right now, current price for the EUR/USD is 1.2858
  • #341,049
  • May 15, 2013 11:11am May 15, 2013 11:11am
them... I miss the GOLD... better luck next time... I'll keep watching next time... How FONTU didn't announce the GOLD this time.
  • #341,050
  • May 15, 2013 11:25am May 15, 2013 11:25am
USD/CHF so slow going up... like crawling up to the mountain.
  • #341,051
  • May 15, 2013 12:11pm May 15, 2013 12:11pm
Quoting fxtyrant
Im remaining bearish on the gbpusd Mervyn king and the jobs data in uk were disappointing The fact that 1.52 couldnt break on these bad news tells me we' gona be consolidating in the range of 1.52-1.5350 Right shoulder range The fact we couldnt break below means the big boys want to hunt those orders within this range before driving this baby down Bulls watch ur asses Scalpers, take advantage of this range Bears, be patient 1.50 and 1.4850 is in the cards
Yen will drive pound after japan GDP. If usd/yen will continue to rise to 105 GU will down to 5100 tomorow and 5000 at friday .
  • #341,052
  • May 15, 2013 12:56pm May 15, 2013 12:56pm
Quoting Trader88q
{quote} Yen will drive pound after japan GDP. If usd/yen will continue to rise to 105 GU will down to 5100 tomorow and 5000 at friday .
Interesting analysis, anyways the thread is quieter now. dont need no clowns jumping it and shouting long without any analysis to back their calls....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,053
  • May 15, 2013 1:03pm May 15, 2013 1:03pm
GU testing the downtrend 4hr trendline very well, a break above could see a correction. Waiting for London action tomo.
Wait for the market to come to you.. then take the green pips..
  • #341,054
  • May 15, 2013 2:20pm May 15, 2013 2:20pm
Just watching at a glans , carry out for next day close them & turmoils in mad Friday for scalping if more time in home . expecting 5029 gu & 2771 eu 1359 gold 0.9810-0.9737 AU close get.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,055
  • May 15, 2013 4:16pm May 15, 2013 4:16pm
Quoting fontu
Just watching at a glans , carry out for next day close them & turmoils in mad Friday for scalping if more time in home . expecting 5029 gu & 2771 eu 1359 gold 0.9810-0.9737 AU close get. fontu
No so sure about AU going further down bro.... nice long signal i got at the bottom of a that Range....
i doubt its gona break.... if it does then it means they are easing as hard as the Japanese, Breaking that means Monthly EMAs will be tested, and the only currency that has broken monthly emas are all the Yen Pairs....
Attached Image (click to enlarge)
Click to Enlarge Name: 20130515.2106.gmt.audusd.daily.png Size: 43 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 20130515.2107.gmt.euraud.daily.png Size: 46 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,056
  • May 15, 2013 4:19pm May 15, 2013 4:19pm
Quoting 81raffae
you are right . The chart is short. I'll wait the clousure of w.s thanks
Now i close this trade at –22pips.
  • #341,057
  • May 15, 2013 4:29pm May 15, 2013 4:29pm
Quoting fxtyrant
{quote} No so sure about AU going further down bro.... nice long signal i got at the bottom of a that Range.... i doubt its gona break.... if it does then it means they are easing as hard as the Japanese Breaking that means Monthly EMAs will be tested, and the only currency that has broken monthly emas are all the Yen Pairs.... {image} {image}
Bull will reveals as Fontu expectations 0.9810-0.9737 for AUDUSD.


misspelling-revel-... I mean REVEAL... =)
  • #341,058
  • May 15, 2013 4:33pm May 15, 2013 4:33pm
Quoting skyhawkps
{quote} Bull will revels as Fontu expectations 0.9810-0.9737 for AUDUSD.

what are you talking about? 0.9810-0.9737 is below where AUDUSD is at... hence hes BEARISH on it... not bullish...
as for me. i dont think AUDUSD is gona go further down....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,059
  • May 15, 2013 4:49pm May 15, 2013 4:49pm
Quoting fxtyrant
{quote} what are you talking about? 0.9810-0.9737 is below where AUDUSD is at... hence hes BEARISH on it... not bullish... as for me. i dont think AUDUSD is gona go further down....
In between this numbers 0.9810-0.9737, waiting for BULL sign.
  • #341,060
  • May 15, 2013 5:02pm May 15, 2013 5:02pm
Quoting skyhawkps
{quote} In between this numbers 0.9810-0.9737, waiting for BULL sign.
oh okay okay now ur making sense
well then im not far off
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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