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Cable Update (GBPUSD)

  • #347,161
  • Sep 18, 2013 12:07pm Sep 18, 2013 12:07pm
Quoting Rtm
{quote} SMA's baby 100 and 200 are the best. Daily has the most power. Weekly and monthly you would die before you could get to your billions$$$

with simple method ?
  • #347,162
  • Sep 18, 2013 12:19pm Sep 18, 2013 12:19pm
Quoting alam88009
{quote} with simple method ?
GBPUSD may not even go that far. it could hit 1.6 and be over. I dont really care if it loses, just have to wait a little more for the next one. Its like going for the Trifecta in horse racing.
sometimes, it is the least complicated ones that can make you the most money which I am sure you have heard before. Im not going to give away my system as I have spent years in development. Do you think Citi bank tell you there startegies, does JP Morgan publish pdf's online that say, we will make you rich today. If they did, it would definitely be a scam and would you trust it? Probably not. Invest in some resources, find 10 years of data you can test systems on and that will give you a start.
All posts are my personal opinion
  • #347,163
  • Sep 18, 2013 12:44pm Sep 18, 2013 12:44pm
GBP/USD may get its top today.. My projection...

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Never test the depth of water with both feet.
  • #347,164
  • Sep 18, 2013 12:48pm Sep 18, 2013 12:48pm
I think the SPXwill hit its top first, what do you think?
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All posts are my personal opinion
  • #347,165
  • Sep 18, 2013 12:50pm Sep 18, 2013 12:50pm


90% of traders use TA, indicators and prediction
  • #347,166
  • Sep 18, 2013 1:03pm Sep 18, 2013 1:03pm
Haha someone is playing volleyball cause I just saw an amazing spike!
  • #347,167
  • Sep 18, 2013 1:04pm Sep 18, 2013 1:04pm
No taper
In trading, you have to be defensive and aggressive at the same time
  • #347,168
  • Sep 18, 2013 1:06pm Sep 18, 2013 1:06pm
Quoting Davit
No taper
Is that for sure? Where did you see that?
  • #347,169
  • Sep 18, 2013 1:08pm Sep 18, 2013 1:08pm
Quoting DrNoStopLoss
{quote} Is that for sure? Where did you see that?
http://www.bloomberg.com/tv/
Markets already reacted
almost 80pips up on GU

limit short at 1.62
In trading, you have to be defensive and aggressive at the same time
  • #347,170
  • Sep 18, 2013 1:09pm Sep 18, 2013 1:09pm
Quoting Davit
{quote} http://www.bloomberg.com/tv/ Markets already reacted almost 80pips up on GU
Since this morning GBPUSD up 140+ pips.
When the facts change I change my mind, what do you do sir
  • #347,171
  • Sep 18, 2013 1:10pm Sep 18, 2013 1:10pm
Yup, I read it on http://www.zerohedge.com/news/2013-0...ocker-no-taper

Glad I closed out my GBP/USD shorts while they were still in the red. Good Luck to those on the sell side.
  • #347,172
  • Sep 18, 2013 1:11pm Sep 18, 2013 1:11pm
to the $ shorts and risk longs
I have no clue what I'm talking about.
  • #347,173
  • Sep 18, 2013 1:15pm Sep 18, 2013 1:15pm
Quoting 5percent
The more retailers are shorting at this level is quite dangerous, will only lead to further breakout. Our former resistance is 1.5750 June's and 1.5744 few days back. I won't go short unless weekly close under former's hi and wait for new short opportunity next week! One thing i learned in this market, just like the AUD's breakout from 1.0150, gold 1520, GBP's 1.58 formerly. When price crossed major range's resistance/support. Don't attempt to counter until dust settled down or a range is re-formed. Else, prone to breakout. More stop losses above...


Frankly speaking, i really don't know why are traders trying to pick a top or bottom as i have adviced before.

I waited the whole day then to get into any position and only spend less than 5-10 minutes of trading.

When this is obvious news trading for volatility regardless of direction.

My Closed trades earlier.

Ignore all analysis or whoever's prediction, only care about volatility -> can go north or south, Don't predict, just go with the flow! Don't predict the market, let the market do what it wants.

NIGHT.
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  • #347,174
  • Sep 18, 2013 1:17pm Sep 18, 2013 1:17pm
Quoting DrNoStopLoss
Yup, I read it on http://www.zerohedge.com/news/2013-0...ocker-no-taper Glad I closed out my GBP/USD shorts while they were still in the red. Good Luck to those on the sell side.

I am holding my shorts even with no tapering markets change very quickly.It could turn around even without reason.
Once retail traders switch 70% short to 60+Long I expect a massive sell out.
Key area is Fib 78.6 and 86.6 which I painted brick red.
Violation of this might suggest breach of last high 6380
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #347,175
  • Sep 18, 2013 1:18pm Sep 18, 2013 1:18pm
Well, well, well, no taper eh, what a surprise lol...
A tip, when the US media spend over 2 months trying to desperately drum BS into our heads on a daily basis while ignoring the true economic facts, you KNoW something is up, so just ignore it, or read for entertainment purposes only ok.
Come with me if you want to live....
  • #347,176
  • Sep 18, 2013 1:20pm Sep 18, 2013 1:20pm
Quoting 5percent
{quote} Frankly speaking, i really don't know why are traders trying to pick a top or bottom as i have adviced before. I waited the whole day then to get into any position and only spend less than 5-10 minutes of trading. When this is obvious news trading for volatility regardless of direction. My Closed trades earlier. Ignore all analysis, only care about volatility -> can go north or south, Don't predict, just go with the flow! NIGHT. {image}

nice results
In trading, you have to be defensive and aggressive at the same time
  • #347,177
  • Sep 18, 2013 1:21pm Sep 18, 2013 1:21pm
Quoting Davit
{quote} http://www.bloomberg.com/tv/ Markets already reacted almost 80pips up on GU limit short at 1.62
to high 1.62xx try 1.61xx..if u wanna get some $$$
  • #347,178
  • Sep 18, 2013 1:24pm Sep 18, 2013 1:24pm
Quoting Davit
{quote} I am holding my shorts even with no tapering markets change very quickly.It could turn around even without reason. Once retail traders switch 70% short to 60+Long I expect a massive sell out. Key area is Fib 78.6 and 86.6 which I painted brick red. Violation of this might suggest breach of last high 6380 {image}
I am still short also, I won't do anything until Fed speaks at 1:30pm CST, anything can happen. Plus My stop loss has not been hit yet. I see this very overbought, it's the only position I have open, plus I'm playing with the market money I made from most of the move up, I have been long since 1.50. I'll wait and see until FED speaks.
  • #347,179
  • Sep 18, 2013 1:28pm Sep 18, 2013 1:28pm
Quoting aurel_79
{quote} to high 1.62xx try 1.61xx..if u wanna get some $$$

Mistake I made I thought 56.5 57.5 58.5 59 59.5 were high as well.Markets can prove anyone wrong.
In trading, you have to be defensive and aggressive at the same time
  • #347,180
  • Sep 18, 2013 1:28pm Sep 18, 2013 1:28pm
Quoting e061578
{quote} I am still short also, I won't do anything until Fed speaks at 1:30pm CST, anything can happen. Plus My stop loss has not been hit yet. I see this very overbought, it's the only position I have open, plus I'm playing with the market money I made from most of the move up, I have been long since 1.50. I'll wait and see until FED speaks.

nicely done you deserve to make money! lol
All posts are my personal opinion
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