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Cable Update (GBPUSD)

  • #344,781
  • Aug 7, 2013 8:52am Aug 7, 2013 8:52am
Quoting 1pipperhour
{quote} Possibilities, possibilities ... It's the game of odds, at least for us, retailers. That down move wasn't anything else than big guys buying themselves in. So simple is that.
the odds is my big part of games. i like bias odds..
I like your words --So simple is that.

I ask more here, cause i want to dig what is the expert traders thinking on the situation now, so that everybody can learn from them..
I'm not an expert, just a newbie
don't ask me.
  • #344,782
  • Aug 7, 2013 8:59am Aug 7, 2013 8:59am
1.5540 is where it will stop for now ! That is the daily 200 sma.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd200sma.jpg Size: 327 KB
  • #344,783
  • Aug 7, 2013 9:03am Aug 7, 2013 9:03am
Quoting pipsclip
{quote} Last year i trade for 8 months and lose my money, Now i'm going to trade again (2 months) after learning something new on money management system that i still want to figure out and not dare to share with you yet. Sorry if i say any wrong words before, Anything you want to said, just say it, i like to hear any -ve or +ve comments.

I think u need to demo more bro..u are not ready
I am just being honest with u..u have to learn to take the right setups..and i am not seeing this in yur posts
  • #344,784
  • Aug 7, 2013 9:05am Aug 7, 2013 9:05am
this is massive attempt to finish all short
  • #344,785
  • Edited 9:19am Aug 7, 2013 9:07am | Edited 9:19am
The ATR level has overreached already today. My ATR says 151 % today, not advisable to go long now, wait for retracement 23 - 38 % then long...

151 % has progressed to 198 % now, look for short term sellers...
Intraday only.
  • #344,786
  • Aug 7, 2013 9:12am Aug 7, 2013 9:12am
Quoting okanemici
1.5540 is where it will stop for now ! That is the daily 200 sma. {image}
Yeah, that's how we stop it ... with moving average
  • #344,787
  • Aug 7, 2013 9:14am Aug 7, 2013 9:14am
Quoting 1pipperhour
{quote} Yeah, that's how we stop it ... with moving average

No, Moving average tries to stop it !
Intraday only.
  • #344,788
  • Aug 7, 2013 9:16am Aug 7, 2013 9:16am
Yesterday, BofA Merill Lynchg even said that GBP/USD will go down. Looks like they really squeezed the duped shorters there
  • #344,789
  • Aug 7, 2013 9:21am Aug 7, 2013 9:21am
Quoting nAVIN2007
{quote} I think u need to demo more bro..u are not ready I am just being honest with u..u have to learn to take the right setups..and i am not seeing this in yur posts
i thinks so, so i can't learn from you all here..
i'll remember you Navin2007..
I think u just ignore me..

-It's not what we say out loud that determines our lives, it's what we whisper to ourselves that has the most power-
  • #344,790
  • Aug 7, 2013 9:21am Aug 7, 2013 9:21am
Carney is as powerful as Bernanke, at least for cable...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfxfdaily.png Size: 29 KB
  • #344,791
  • Aug 7, 2013 9:26am Aug 7, 2013 9:26am
Quoting pipsclip
{quote} i thinks so, so i can't learn from you all here.. i'll remember you Navin2007.. I think u just ignore me.. -It's not what we say out loud that determines our lives, it's what we whisper to ourselves that has the most power-

off course u can learn from me as well as i learn from u bro..i am not god so i just have a view..I love for u to prove me wrong
keep posting charts i will try and help u be a better trader
  • #344,792
  • Aug 7, 2013 9:27am Aug 7, 2013 9:27am
Dark force, the Drop will be to 1.5400 level first. This is 23 % of today's move.
Intraday only.
  • #344,793
  • Aug 7, 2013 9:31am Aug 7, 2013 9:31am
i feel this is a top..i got a feeling USD is gonna steam roll gbp
  • #344,794
  • Aug 7, 2013 9:34am Aug 7, 2013 9:34am
Quoting nAVIN2007
i feel this is a top..i got a feeling USD is gonna steam roll gbp
Yeah, the stops have been triggered above 1.5500, this happens normally, the retracement has started now
Intraday only.
  • #344,795
  • Aug 7, 2013 9:36am Aug 7, 2013 9:36am
Quoting nAVIN2007
i feel this is a top..i got a feeling USD is gonna steam roll gbp
I see that USD is picking up strength and Pound is giving up a bit in line with my currency strength.
Intraday only.
  • #344,796
  • Aug 7, 2013 9:38am Aug 7, 2013 9:38am
Quoting navk
{quote} Yeah, the stops have been triggered above 1.5500, this happens normally, the retracement has started now

i think it is more than that gbp strength is at an obsolete peak and usd support, both at extreme..when this happens move is fierce

hang tight danger coming
  • #344,797
  • Aug 7, 2013 9:43am Aug 7, 2013 9:43am
My chart :
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 40 KB
Intraday only.
  • #344,798
  • Aug 7, 2013 9:51am Aug 7, 2013 9:51am
Incredibly 5530 the current daily hi up off 5204 current daily lo and price @ 264% of 20 day atr, 117% of 20 week atr all in one day.

76.4% 5751-4811 at the Hi and a previous 4hr / minor daily swing hi zone.

Above here:

5513-29 prev 4hr/minor dly sw hi zone incl 5528=76.4% 5751-4811

55530 Current Daily hi

5543 38.2% 6746-4811

5548 85.4% 5676-4811

5550-70 weekly descending t/line on Weds's daily candle incl 5565-79 = prev 4hr sw lo zone (non immed) incl5578 = Weekly R2 @/around, and 5579= 50% 6349-4811

5602-12 prev minor 4hr sw lo zone incl 5612 = 85.4% 5751-4811

5667-75 prev 4hr sw hi zone

5425-33-51 prev 4hr/daily/weekly swing hi zone incl 5742 = Weekly R2 @/around

5760 61.8% 6349-4811

5772 50% 6746-4811 and Monthly R2 @/around

5813-44 prev daily minor sw hi zone
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 159 KB
ex member
  • #344,799
  • Aug 7, 2013 10:12am Aug 7, 2013 10:12am
I can never work it out - most of the traders on FF.com's latest own trade explorer summary supposedly short this pair - as is the case with Oanda brokers latest info re their book ? - does this mean retail traders are a good contrarian indicator lol ?

G/L
Attached Image
ex member
  • #344,800
  • Aug 7, 2013 10:16am Aug 7, 2013 10:16am
Quoting bbmac
I can never work it out - most of the traders on FF.com's latest own trade explorer summary supposedly short this pair - as is the case with Oanda brokers latest info re their book ? - does this mean retail traders are a good contrarian indicator lol ? G/L
Sometimes yes
That figure on Oanda is very extreme for Cable. Rarely seen that. Saxo has 60/40 short.
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