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Cable Update (GBPUSD)

  • #344,741
  • Aug 7, 2013 5:56am Aug 7, 2013 5:56am
wow...this thing is nuts
  • #344,742
  • Aug 7, 2013 5:57am Aug 7, 2013 5:57am
This smells of intervention. 300 up while all the other USD pairs barely moving.
  • #344,743
  • Aug 7, 2013 6:01am Aug 7, 2013 6:01am
Quoting Eulogy
This smells of intervention. 300 up while all the other USD pairs barely moving.
hopefully the monthly descending trendline can save meh
surely it cant break this to easy..??

btw ladies:_ thats the demo account
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 77 KB
  • #344,744
  • Aug 7, 2013 6:02am Aug 7, 2013 6:02am
if this is really intervation of BOE then GOLDMAN traders could open windows and fall out to suicide.

at the very begining the move down was made by GOLDMAN with target 4800, but BOE blow up them today. ahahahah

very good.
  • #344,745
  • Aug 7, 2013 6:03am Aug 7, 2013 6:03am
another push ??
Get Rich or Die Tryin
  • #344,746
  • Aug 7, 2013 6:05am Aug 7, 2013 6:05am
believe me or not but we could see 5200 again today
  • #344,747
  • Aug 7, 2013 6:07am Aug 7, 2013 6:07am
mission imposiblle to make money from forex in such conditions like this.
i will wait when strorm will over.
  • #344,748
  • Aug 7, 2013 6:10am Aug 7, 2013 6:10am
technically byt wave analysis it should go to 4900 but but but.
now technically i dont get what is going on cause trying to draw impulse wave and figure out what the idea of it but get confused. picture is very unclear.
  • #344,749
  • Aug 7, 2013 6:11am Aug 7, 2013 6:11am
we lost a lot of retail traders today. they died in that battle.
  • #344,750
  • Aug 7, 2013 6:11am Aug 7, 2013 6:11am
You know ! sooner or later or we will die too or we will win.
  • #344,751
  • Aug 7, 2013 6:12am Aug 7, 2013 6:12am
Loved the Cable Today > PA as well as momentum

Loved trading it after a long time. Thought to write this here (usually dont come here)

Hopped in small sized multiple longs @ 1.5280's post the MPC fake Spike to 1.52 NML LVL
and booked @ 1.5490 (High of the day; till now)
with a drawdown of 5 pips

R:R on each Trade : 1:41
Attached Image (click to enlarge)
Click to Enlarge Name: 2013_08_07_Small_Longs_Post_MPC_Fake_Spike_1.52.JPG Size: 38 KB



Baby and Medium sized Bears have not just been Murdered. Their dead bodies have been Owned too

Equally enjoying was EURGBP getting POUNDED hard
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #344,752
  • Aug 7, 2013 6:14am Aug 7, 2013 6:14am
Quoting bbmac
immediate upside: 5431 = Weekly R1 @/around 5435-41 prev 4hr sw hi zone 5443 Current Daily hi 5444 Daily R3 5460-77 prev 4hr/minor daily sw hi zone incl 5471=76.4% 5676-4811 5489 Monthly R1 @/around 5513-28 prev 4hr/minor dly sw hi zone incl 5528=76.4% 5751-4811 5543 38.2% 6746-4811 5548 85.4% 5676-4811 5550-70 weekly descending t/line on today's daily candle incl 5562-79 = prev 4hr sw lo zone (non immed) incl5578 = Weekly R2 @/around, and 5579= 50% 6349-4811 5612 85.4% 5751-4811 ------------------------------ Price @ 193% of 20 day atr so far today,...

Hello Bbmac,

do you see it jumping to 1.56000 or do you think it will top before that?

I mean, I see it reaching at least the top level of the big range, say 1.573xx.

Thanks
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  • #344,753
  • Aug 7, 2013 6:16am Aug 7, 2013 6:16am
Quoting forexsaint
Loved the Cable Today > PA as well as momentum Loved trading it after a long time. Thought to write this here (usually dont come here) Hopped in small sized multiple longs @ 1.5280's post the MPC fake Spike to 1.52 NML LVL and booked @ 1.5490 (High of the day; till now) with a drawdown of 5 pips R:R on each Trade : 1:41 {image} Baby and Medium sized Bears have not just been Murdered. Their dead bodies have been Owned too Equally enjoying was EURGBP getting POUNDED hard

i still dont get how lucky you are? cause technically you trade in very dangerous levels but somehow you get very lucky. i dont get what strategy you use.
  • #344,754
  • Aug 7, 2013 6:17am Aug 7, 2013 6:17am
....was just talking to another trader - he got killed shorting it - knee-jerk it did go down to 5204 but strength soon returned and technically it became obvious that the greater probability was up particularly after close of 1000am London candle @ 1100am....I think difficulty was as it started to rise they were selling a pullback that turned into a strong recovery bounce and more and they were still trading what they thought - per all the commentary before it as opposed to what they were see-ing which is what we as tech traders do- because we ain't smart enough to figure out why lol ! - we'll leave this to the talking heads who will tell us why later lol - you know - after the event !

G/L
ex member
  • #344,755
  • Aug 7, 2013 6:19am Aug 7, 2013 6:19am
thing is Carney's comments should have been taken as uber dovish and the initial reaction was to this vein. This pop however in the light of nothing else moving (or in the case of AUD & NZD where they moved in the opposite direction) is very suspicious. You don't move from new weekly lows to new weekly highs without some serious news.
  • #344,756
  • Aug 7, 2013 6:19am Aug 7, 2013 6:19am
Quoting bbmac
....was just talking to another trader - he got killed shorting it - knee-jerk it did go down to 5204 but strength soon returned and technically it became obvious that the greater probability was up particularly after close of 1000am London candle @ 1100am....I think difficulty was as it started to rise they were selling a pullback that turned into a strong recovery bounce and more and they were still trading what they thought - per all the commentary before it as opposed to what they were see-ing which is what we as tech traders do- because we...
ye ! a lot of blood today. only in forexfactory i see dead traders around with 50,60,90% loss
  • #344,757
  • Aug 7, 2013 6:20am Aug 7, 2013 6:20am
Quoting Goodvalley
{quote} Hello Bbmac, do you see it jumping to 1.56000 or do you think it will top before that? I mean, I see it reaching at least the top level of the big range, say 1.573xx. Thanks
Mate, I have no idea - like the rest of the market I do not know what will happen next - I don't need to know - I just trade the set-ups that point to the greater probability per my edge (whether or not that greater probability plays out or not on that particular occasion.) Prediction is not part of my edge. Sorry if that is not what you want to hear - just keeping it real.

G/L
ex member
  • #344,758
  • Aug 7, 2013 6:22am Aug 7, 2013 6:22am
Quoting Trader88q
believe me or not but we could see 5200 again today
what makes you so sure?
  • #344,759
  • Aug 7, 2013 6:25am Aug 7, 2013 6:25am
Quoting Trader88q
we lost a lot of retail traders today. they died in that battle.
Some of them WIN and going back home taking some gold and enjoy their coffee watching the BIG GUY fighting for their gold that have been taken before the fight begin..
  • #344,760
  • Aug 7, 2013 6:25am Aug 7, 2013 6:25am
Quoting bbmac
....was just talking to another trader - he got killed shorting it - knee-jerk it did go down to 5204 but strength soon returned and technically it became obvious that the greater probability was up particularly after close of 1000am London candle @ 1100am....I think difficulty was as it started to rise they were selling a pullback that turned into a strong recovery bounce and more and they were still trading what they thought - per all the commentary before it as opposed to what they were see-ing which is what we as tech traders do- because we...

price was at 1.5250 area there was a part of me that said close the short..bt my head was telling dailly is pointing down..the direction is south, the probability of it reversing is lower that keeping the short. The mofo then strengthened like crazy

its days like this..u remember this beast is capable of anything
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