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Cable Update (GBPUSD)

  • #343,061
  • Jun 20, 2013 3:58am Jun 20, 2013 3:58am
Quoting Bones
its true forums are tricky ,often I take wrong way also other way round im not chatting direct ,ive been in this thread longer than pretty much anyone here I don't think its a joke ! I love it , Just saying {quote}
  • #343,062
  • Jun 20, 2013 4:02am Jun 20, 2013 4:02am
Quoting bbmac
morgan Stanley .... '...GBP is also likely to remain vulnerable given that the composition of growth is likely to lead to a further widening of the current account deficit, in our view. We maintain our short GBPUSD position and have lowered our stop to 1.5600. A move below the 1.5410 level will trigger a further negative signal, opening the way for a decline towards 1.5000/1.4900 initially.' So it's presently a case of much better than forecast Uk retail sales data bounce -vs- continuing $ strength. G/L

its goes to show u tom..i have a different view..i think this area may bounce i got out of my shorts this morning i had a bad sell hoping for a bounce to potentially 1.56 thou it gonna do well to get past 1.55

perhaps a mistake on my part - hancock special from meh
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 69 KB
  • #343,063
  • Jun 20, 2013 4:14am Jun 20, 2013 4:14am
Quoting nAVIN2007
{quote} its goes to show u tom..i have a different view..i think this area may bounce i got out of my shorts this morning i had a bad sell hoping for a bounce to potentially 1.56 thou it gonna do well to get past 1.55 perhaps a mistake on my part - hancock special from meh {image}
I'm seeing the bounce too Nav although I think 5510/30ish (76.4%) may cap it. If so, I'll be looking to short there unless GBP can break resistance. Lord knows it's trying again....lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 48 KB
Click to Enlarge Name: gbplfxweekly.png Size: 47 KB
Ghost Rider - WWTBMD?
  • #343,064
  • Jun 20, 2013 4:39am Jun 20, 2013 4:39am
Quoting nAVIN2007
{quote} its goes to show u tom..i have a different view..i think this area may bounce i got out of my shorts this morning i had a bad sell hoping for a bounce to potentially 1.56 thou it gonna do well to get past 1.55 perhaps a mistake on my part - hancock special from meh {image}
hi nav.. i'm thinking the wave will take us to ~5220 before another leg down.. imho.

obviously, no longs for the time being imho.
  • #343,065
  • Jun 20, 2013 4:41am Jun 20, 2013 4:41am
Quoting albchr
{quote} I'm seeing the bounce too Nav although I think 5510/30ish (76.4%) may cap it. If so, I'll be looking to short there unless GBP can break resistance. Lord knows it's trying again....lol {image} {image}

yeah its tough weekly has already engulfed the range of previous, problem is USD is strong..just looking for rise to get better sell opportunity..lets see what the hell happens
  • #343,066
  • Jun 20, 2013 4:53am Jun 20, 2013 4:53am
Quoting A-speculator
{quote} hi nav.. i'm thinking the wave will take us to ~5220 before another leg down.. imho. obviously, no longs for the time being imho.

perhaps i see a potential for 1.51..it all depends if we fall quick we gonna break 1.5..slow it might hold
  • #343,067
  • Jun 20, 2013 4:58am Jun 20, 2013 4:58am
OK, I'm officially done with this SIGTrader as a demo. It keeps closing out my trades now. I started with 50k last August 28 with the goal of doubling the account in a year. It's now at $89,300 with roughly 2-1/2 months to go. But if it's going to keep closing my trades it will be tough!
Ghost Rider - WWTBMD?
  • #343,068
  • Jun 20, 2013 5:07am Jun 20, 2013 5:07am
Quoting nAVIN2007
{quote} perhaps i see a potential for 1.51..it all depends if we fall quick we gonna break 1.5..slow it might hold
imho, i think this is just the starting of another test towards 1.5, maybe we will get a breakout this time.. but 5220 will slow down the momentum due to over sold, then perhaps after the price reach 5220, we might see an upmove towards 5375-5400 as retracement before another down move.
  • #343,069
  • Jun 20, 2013 5:10am Jun 20, 2013 5:10am
Quoting albchr
OK, I'm officially done with this SIGTrader as a demo. It keeps closing out my trades now. I started with 50k last August 28 with the goal of doubling the account in a year. It's now at $89,300 with roughly 2-1/2 months to go. But if it's going to keep closing my trades it will be tough!

doubling a demo in 1 year is to easy chris..give yourself a tougher challenge
  • #343,070
  • Jun 20, 2013 5:12am Jun 20, 2013 5:12am
Quoting A-speculator
{quote} imho, i think this is just the starting of another test towards 1.5, maybe we will get a breakout this time.. but 5220 will slow down the momentum due to over sold, then perhaps after the price reach 5220, we might see an upmove towards 5375-5400 as retracement before another down move.
that is all speculation and right right is above 1.53
I will be looking for 1.56 to reject to get a short in..
  • #343,071
  • Jun 20, 2013 5:14am Jun 20, 2013 5:14am
Quoting nAVIN2007
{quote} doubling a demo in 1 year is to easy chris..give yourself a tougher challenge
You mean like the 400% I'm up since December on my live account? Why do you always seek to diminish me Nav?

Let's see you do either before speaking out bro.
Ghost Rider - WWTBMD?
  • #343,072
  • Edited 5:32am Jun 20, 2013 5:16am | Edited 5:32am
Quoting albchr
{quote} You mean like the 400% I'm up since December on my live account? Why do you always seek to diminish me Nav? Let's see you do either before speaking out bro.

bro i have done this plenty of times on demo..remember i work and am hardly around my pc and I trade a way which is safe..i trade longer term..so doubling account type things is not something i focus on..

Taking £25 and turning it into £100 is not the same as turning 1,000000 into 4,000000..if u think this is, yur deluded bro..seriously
but 400 % is a fantastic result..
  • #343,073
  • Jun 20, 2013 5:22am Jun 20, 2013 5:22am
Quoting albchr
{quote} Why do you always seek to diminish me Nav? Let's see you do either before speaking out bro.

huh..no i dont
I simply said i think doubling a demo account is too easy for u..give yourself a tougher challenge
  • #343,074
  • Jun 20, 2013 5:31am Jun 20, 2013 5:31am
Quoting nAVIN2007
{quote} bro i have done this plenty of times on demo..remember i work and am hardly around my pc and I trade a way which is safe..i trade longer term..so doubling account type things is not something i focus on..
Ummm..yeah, OK. You've been trading since 2007 and I've not seen any of those results from you. I'm less than two years myself and many have seen mine. Yes I know you trade safe. You risk nothing as a % of your account and I imagine you gain nothing as a result. In my book, that's not trading, it's playing. And what exactly is trading safe? Is making a good % consistently over time not trading safe?

Long term? Ok, What's your % profit to date? And I don't even care what time span it took. Just the % profit from deposit to now.

Well, I'm not saying your focus is doubling. I said it was mine. And when you can reach what you focus on, I call it a win. But, what do I know?

And, you're not the only one who works bro. Lord knows I'm not living off this $400 live account.
Ghost Rider - WWTBMD?
  • #343,075
  • Jun 20, 2013 5:33am Jun 20, 2013 5:33am
Quoting nAVIN2007
{quote} Taking £25 and turning it into £100 is not the same as turning 1,000000 into 4,000000..if u think this is, yur deluded bro..seriously
This is why you'll never excel at trading Nav. it's EXACTLY the same thing. % is %, pure and simple. But no matter. You know best as always. Good thing Tony is around to get you on course from time to time.

I'm out. Trade "safe" LOL
Ghost Rider - WWTBMD?
  • #343,076
  • Jun 20, 2013 5:35am Jun 20, 2013 5:35am
My pick for the day in this nice pair is on the Ichimoku cloud.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Ichimoku sell 20th June.JPG Size: 122 KB

DAnny
  • #343,077
  • Edited 6:30am Jun 20, 2013 5:38am | Edited 6:30am
Quoting albchr
{quote} Ummm..yeah, OK. You've been trading since 2007 and I've not seen any of those results from you. I'm less than two years myself and many have seen mine. Yes I know you trade safe. You risk nothing as a % of your account and I imagine you gain nothing as a result. In my book, that's not trading, it's playing. And what exactly is trading safe? Is making a good % consistently over time not trading safe? Long term? Ok, What's your % profit to date? And I don't even care what time span it took. Just the % profit from deposit to now. Well, I'm...

I have nothing to prove to u, honestly i dont give a rats ass..whether u think i can trade or not!!! infact i cant ok!! i get trade signals from crystal..and have been let down badly..

I happy yur account has grown and its great..long may it continue u ar right i have been exposed
  • #343,078
  • Jun 20, 2013 5:40am Jun 20, 2013 5:40am
great chart

Quoting ladylike
Something like that. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 20-6-13 w1 poss hang man.png Size: 60 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,079
  • Jun 20, 2013 5:43am Jun 20, 2013 5:43am
Quoting albchr
{quote} This is why you'll never excel at trading Nav. it's EXACTLY the same thing. % is %, pure and simple. But no matter. You know best as always. Good thing Tony is around to get you on course from time to time. I'm out. Trade "safe" LOL

yes again u are correct thank god for tony (seriously he is a blessing)
Chris seriously thank u
  • #343,080
  • Jun 20, 2013 5:44am Jun 20, 2013 5:44am
signals from crystal ? really or do you mean crystal ball lol

Quoting nAVIN2007
{quote} I have nothing to prove to u, honestly i dont give a rat ass..whether u think i can trade or not!!! infact i cant ok!! i get trade signals from crystal..and have been let down badly.. I happy yur account has grown and its great..long may it continue u ar right i have been exposed
On-site guru & also FF member's' psychiatrist, when not drinking tea
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