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Cable Update (GBPUSD)

  • #347,841
  • Oct 1, 2013 2:26am Oct 1, 2013 2:26am
Quoting USD-Bear
this might halt the move shortly, have a short entry @ 1.6295, will change if PA indicates: USDOLLAR M15: {image}

Nice analysis sir.
  • #347,842
  • Edited 2:41am Oct 1, 2013 2:26am | Edited 2:41am
Quoting Pumpndump
{quote} Hey Navin, hold in there. I am convinced we are s/l hunting territory. Course I am always jumping in a direction change 200 pips early, unfortunately for you

i tell u ..i have have lost the plot..my trading accuracy is seriously in the toilet..im just hoping this mofo doesnt kill meh
  • #347,843
  • Oct 1, 2013 2:27am Oct 1, 2013 2:27am
today has been quite volatile, and market has been pushing with weakness on dollar, but i am opened that it might be a pump and dump on the 1st day of the month.

Long position at this level should have good trading management of tight stop loss or trailing stops to prevent a U - TURN scenario.
  • #347,844
  • Oct 1, 2013 2:29am Oct 1, 2013 2:29am
Quoting nAVIN2007
{quote} i tell u ..i have have lost the plot..my trading accuracy is seriously in the tiolet..im just hoping this mofo doesnt kill meh

You serious? Your leveraged right up with this us shutdown carry on? I thought I was stretching it with 5% now on the line. Feel sorry for you. Hope it turns and you can drop some positions.
  • #347,845
  • Oct 1, 2013 2:31am Oct 1, 2013 2:31am
Quoting 5percent
today has been quite volatile, and market has been pushing with weakness on dollar, but i am opened that it might be a pump and dump on the 1st day of the month. Long position at this level should have good trading management of tight stop loss or trailing stops to prevent a U - TURN scenario.
That's the show I've turned up for my friend. Let's see.
  • #347,846
  • Oct 1, 2013 2:33am Oct 1, 2013 2:33am
Quoting nAVIN2007
{quote} i tell u ..i have have lost the plot..my trading accuracy is seriously in the tiolet..im just hoping this mofo doesnt kill meh
well watch the UK manufacturing PMI, im expecting a negative number to cap this GBP rally... and honestly at 1.62 last time gbp has problems exporting shit.... why is it any different this time??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #347,847
  • Oct 1, 2013 2:36am Oct 1, 2013 2:36am
would be very nice if I had closed this now
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  • #347,848
  • Oct 1, 2013 2:40am Oct 1, 2013 2:40am
Quoting fxtyrant
{quote} well watch the UK manufacturing PMI, im expecting a negative number to cap this GBP rally... and honestly at 1.62 last time gbp has problems exporting shit.... why is it any different this time??

the figures have been great..however a bit to good..and its a case off..the acceleration has been to quick to finish the race first

i hope
  • #347,849
  • Oct 1, 2013 2:40am Oct 1, 2013 2:40am
G/M

Yesterday a bullish daily candle and an immediate upside follow thru to a new uptrend hi helped by reaction to U.s Govt shutdown/no budget deal news in asian session after a classic 1hr bull flag developed off yesterday's hi. 6259 the current daily hi as 1hr 4hr daily and weekly opa uptrends remain intact.

Bears must be getting slaughtered and continue to insist they are right - trading generally what they think (it can't go any higher [can it?] / what goes up must come down / flimsy tech analysis etc...)

Uk data at 0930am (0928am?) ....bears hoping it disappoints.

To upside:

6259 current daily hi
6272 Weekly R2 @/around
6278-6309-6349 prev daily/weekly/monthly sw hi zone incl 6278=76.4% 6746-4811, 6289 = Daily R3 @/around, and 6320-40 = monthly descending t/line coming thru on present weekly candle
6397 Weekly R3 @/around
6453 85.4% 6746-4811
6554-6612 prev weekly/minor monthly swing hi zone
6620-30 monthly 200sma coming thru on present monthly candle
6710-45 prev weekly/monthly swing hi zone
6822 50% 2.0156-1.3505

G/L
ex member
  • #347,850
  • Oct 1, 2013 2:57am Oct 1, 2013 2:57am
6300.
here we come
The fragrance remains in the hands of those that gves the rose
  • #347,851
  • Oct 1, 2013 3:00am Oct 1, 2013 3:00am
A healthy fear envelops my trading style
The fragrance remains in the hands of those that gves the rose
  • #347,852
  • Oct 1, 2013 3:01am Oct 1, 2013 3:01am
Monthly candle closed yesterday and a big bullish thrust candle resulted...t/f remains in a range however but recent signs of strength within that range off 4811 low.

G/L
Attached Image (click to enlarge)
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ex member
  • #347,853
  • Oct 1, 2013 3:10am Oct 1, 2013 3:10am
Quoting nAVIN2007
{quote} i tell u ..i have have lost the plot..my trading accuracy is seriously in the toilet..im just hoping this mofo doesnt kill meh
Last time we spoke, you were long, no?
I have no clue what I'm talking about.
  • #347,854
  • Oct 1, 2013 3:20am Oct 1, 2013 3:20am
Quoting Boy Wonder
{quote} Last time we spoke, you were long, no?

i bottled it or thought this was less risky
  • #347,855
  • Oct 1, 2013 3:20am Oct 1, 2013 3:20am
FF GBPUSD long positions have increased from 29% to 36% quite rapidly.
If the %age keeps increasing at this rate, the Pound may start falling soon.
Come with me if you want to live....
  • #347,856
  • Oct 1, 2013 3:22am Oct 1, 2013 3:22am
Quoting nAVIN2007
{quote} i bottled it or thought this was less risky


Sorry to hear that. Oh well. Live and learn.
I have no clue what I'm talking about.
  • #347,857
  • Oct 1, 2013 3:32am Oct 1, 2013 3:32am
GU M15

H___M__
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  • #347,858
  • Oct 1, 2013 3:33am Oct 1, 2013 3:33am
Quoting Boy Wonder
{quote} Sorry to hear that. Oh well. Live and learn.

dont be sorry im not for the last year and a half i have been making money of the lows..now im doing the reverse..i still believe im on the right side of the market..perhaps its what i want to see...

no way to really no..but im not emotional about it so i dont think its a case of being in my head..time will tell

come on cable lets see what yah got
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdmonthly.png Size: 54 KB
  • #347,859
  • Oct 1, 2013 3:39am Oct 1, 2013 3:39am
Thats a shame I was hoping for a harsh break north instead im looking at a big wick on 30 off the sma
  • #347,860
  • Oct 1, 2013 3:41am Oct 1, 2013 3:41am
Quoting nAVIN2007
{quote} dont be sorry im not for the last year and a half i have been making money of the lows..now im doing the reverse..i still believe im on the right side of the market..perhaps its what i want to see... no way to really no..but im not emotional about it so i dont think its a case of being in my head..time will tell come on cable lets see what yah got {image} {image}

http://www.forexfactory.com/showthre...88#post6998288
I don't want a job, i want money!
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