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Cable Update (GBPUSD)

  • #344,521
  • Aug 1, 2013 4:17am Aug 1, 2013 4:17am
lol

Quoting bbmac
.....quite a lot of known event risks due today/tomorrow what with Uk stuff mentioned above, ECB announce, U.s NFP etc...I think today's Uk Manuf PMI comes out at 0928 to subscribers - like the services PMI but tomorrow's construction PMI at 0930 as usual - it is not sponsored (as far as I remember).....uk stuff today could cause some movement...'with volatility comes opportunity.' Uk Services PMI (the big one of the 3) must be due Monday ?[highlight=#f4a460] It's 30 degrees in Uk today later on...the sun is shining and Rick Astley is playing on...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #344,522
  • Aug 1, 2013 4:37am Aug 1, 2013 4:37am
Watching potential shorts from 1.5210-1.5220 due to previous resistence and descending trendline on M30/H1.

Its risky though as Im not sure if the bullish run from this mornings positive news is over...
  • #344,523
  • Aug 1, 2013 4:42am Aug 1, 2013 4:42am
Quoting bbmac
.....quite a lot of known event risks due today/tomorrow what with Uk stuff mentioned above, ECB announce, U.s NFP etc...I think today's Uk Manuf PMI comes out at 0928 to subscribers - like the services PMI but tomorrow's construction PMI at 0930 as usual - it is not sponsored (as far as I remember).....uk stuff today could cause some movement...'with volatility comes opportunity.' Uk Services PMI (the big one of the 3) must be due Monday ?[color=#ff0000] [i]It's 30 degrees in Uk today later on...the sun is shining and Rick Astley is playing on...

  • #344,524
  • Aug 1, 2013 4:42am Aug 1, 2013 4:42am
a dream ... and now ???
Attached Image (click to enlarge)
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not euphoria follower
  • #344,525
  • Aug 1, 2013 4:53am Aug 1, 2013 4:53am
Quoting Freshpips
Watching potential shorts from 1.5210-1.5220 due to previous resistence and descending trendline on M30/H1. Its risky though as Im not sure if the bullish run from this mornings positive news is over...

Currently short from 1.5210... Stop at be already incase DPP holds.
  • #344,526
  • Aug 1, 2013 5:04am Aug 1, 2013 5:04am
nicely done...the hi at the intersection of underside of that previous 1hr ascending trend line and the steepest descending t/line on 1hr...offers touted there at 5220 before hand...and signs of distribution on 5min leading to it - then bearish divergence to 5min. Pullback or more ?

G/L

Quoting Freshpips
{quote} Currently short from 1.5210... Stop at be already incase DPP holds.
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 111 KB
ex member
  • #344,527
  • Aug 1, 2013 5:12am Aug 1, 2013 5:12am
too soon for short.. make it higher .....
Quoting bbmac
nicely done...the hi at the intersection of underside of that previous 1hr ascending trend line and the steepest descending t/line on 1hr...offers touted there at 5220 before hand...and signs of distribution on 5min leading to it - then bearish divergence to 5min. Pullback or more ? G/L {quote} {image}
not euphoria follower
  • #344,528
  • Aug 1, 2013 5:18am Aug 1, 2013 5:18am
Quoting Freshpips
{quote} Currently short from 1.5210... Stop at be already incase DPP holds.

Closed @ 90 for +20.

Looks to have stalled and with news coming up soon I'll take my pips.
  • #344,529
  • Aug 1, 2013 5:36am Aug 1, 2013 5:36am
Like Fed/Bernanke watchers looking for signs/hints re so called ' tapering, ' Boe/Carney watchers will be looking for that phrase 'forward guidance' in any statement from there/him. Uk's Boe/Mpc rate and Qe and possible statement in 20mins or so.

G/L
ex member
  • #344,530
  • Aug 1, 2013 6:02am Aug 1, 2013 6:02am
wow..that was a quick
  • #344,531
  • Aug 1, 2013 6:09am Aug 1, 2013 6:09am
just a news buddy.. everything is undercontrol.. see ya at the top.. hopefully she kiss the yellow circle first ... or any PA show false break at the top

see ya there.. am praying....

***
that's why i am printing money in EG at the moment..

Quoting nAVIN2007
wow..that was a quick
not euphoria follower
  • #344,532
  • Aug 1, 2013 6:10am Aug 1, 2013 6:10am
price pulled back to the minor 1hr swing hi (potential rbs) before the upside data react...n/c in rate or Qe - some relief in that upside knee-jerk react maybe re gbp ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 162 KB
ex member
  • #344,533
  • Aug 1, 2013 6:10am Aug 1, 2013 6:10am
Quoting nAVIN2007
{quote} tomorrow will be interesting {quote} hrmmmm looks like it gonna materialise {quote} u now have yur answer
Well not often I get out at the most opportune time. Quitting long at 1.542 turned into a result, shame I didn't follow through and short, though it looked like it could go higher at the time. (Don't it always)! I haven't a clue now, when does Ben step in?i I am no bet. Best Regards.
  • #344,534
  • Aug 1, 2013 6:15am Aug 1, 2013 6:15am
Quoting Pumpndump
{quote} Well not often I get out at the most opportune time. Quitting long at 1.542 turned into a result, shame I didn't follow through and short, though it looked like it could go higher at the time. (Don't it always)! I haven't a clue now, when does Ben step in?i I am no bet. Best Regards.

market will always find a way to make u scared to take a position..u have to be tough..the answer is to not care, limit the emotion and simply make the right decision/decisions based on yur past performance.

Unfortunately this only can happen once yur profitable and u have a good equity curve..the steadier the better
  • #344,535
  • Aug 1, 2013 6:15am Aug 1, 2013 6:15am
Opened short @ 1.5230

SL: 1.5260
TP: 1.5185
  • #344,536
  • Aug 1, 2013 6:18am Aug 1, 2013 6:18am
guys question.. im new in forex and currency trading..
my experience on trading is just couple of weeks..
how come like few minutes before the release time of official bank
it went down then on that exact time they release official bank it when green really fast??
  • #344,537
  • Aug 1, 2013 6:18am Aug 1, 2013 6:18am
what a beauty monthly formation in 5200 ish ... don't miss it
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-mn1-fbs-inc-how-beauty-5200ish.png Size: 41 KB
not euphoria follower
  • #344,538
  • Aug 1, 2013 6:20am Aug 1, 2013 6:20am
Quoting nAVIN2007
{quote} market will always find a way to make u scared to take a position..u have to be tough..the answer is to not care, limit the emotion and simply make the right decision/decisions based on yur past performance. Unfortunately this only can happen once yur profitable and u have a good equity curve..the steadier the better
Yes I concur. Nothing to do with scared my good man just didn't fancy rr. Best regards.
  • #344,539
  • Aug 1, 2013 6:20am Aug 1, 2013 6:20am
Quoting iqyu5an
what a beauty monthly formation in 5200 ish ... don't miss it {image}

i dont think it will take that long bro..it all depend on gbp strength..i looking for a break
Attached Image (click to enlarge)
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  • #344,540
  • Aug 1, 2013 6:23am Aug 1, 2013 6:23am
Quoting Pumpndump
{quote} Yes I concur. Nothing to do with scared my good man just didn't fancy rr. Best regards.

bottom line every good decision not taken, is a result of fear
perhaps u feared the trade going bad hence didnt take it

why would any1 not take a good trade if they didnt fear the result?

i will add i dont think any1 is immune..but i do think its all about how u think and what u focus on
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