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Cable Update (GBPUSD)

  • #350,701
  • Oct 25, 2013 7:54am Oct 25, 2013 7:54am
Quoting Pumpndump
{quote} well on 4hr it could rip up now but i dont feel it.
Who's gonna pump it now?
Those who say it cannot be done should not interrupt those who are doing it
  • #350,702
  • Oct 25, 2013 7:55am Oct 25, 2013 7:55am
Quoting RamsesII
{quote} i suppose i'll just ride this down to 0 then hey
Those who say it cannot be done should not interrupt those who are doing it
  • #350,703
  • Oct 25, 2013 7:57am Oct 25, 2013 7:57am
Quoting PipTrapper
{quote} Who's gonna pump it now?

its not looking likely, i will hold my shorts over weekend a usual, i like keeping an eye on xe over the weekend. have a good weekend all. cheers gentlemen
  • #350,704
  • Oct 25, 2013 7:57am Oct 25, 2013 7:57am
Okay folks. I'm off to enjoy the weekend. I've seen enough bloodshed in risk assets for a day.

Have a great weekend all.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,705
  • Oct 25, 2013 8:04am Oct 25, 2013 8:04am
Quoting PipTrapper
Okay folks. I'm off to enjoy the weekend. I've seen enough bloodshed in risk assets for a day. Have a great weekend all.
you too bro... again 3707 played well. again i added booked half...
Enter Signature
  • #350,706
  • Oct 25, 2013 8:05am Oct 25, 2013 8:05am
Quoting KillerWhale
{quote} You still believe we're in that channel that was broken 2 weeks ago?
Howzit KW

I think its starting, Monday Tuesday?
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  • #350,707
  • Oct 25, 2013 8:07am Oct 25, 2013 8:07am
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Founder of Sutherland Wave Principle
  • #350,708
  • Oct 25, 2013 8:07am Oct 25, 2013 8:07am
Quoting TauTrader
Good day, Taking a small scalp from 1.6180 towards 1.6200 Regards
Good day,

turned into a mother. Not going to prod any longer - off to function. Lucky..

See next week

Regards
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  • #350,709
  • Oct 25, 2013 8:12am Oct 25, 2013 8:12am

Quoting TauTrader
{quote} Good day, turned into a mother. Not going to prod any longer - off to function. Lucky.. See next week Regards {image}
Have a good one!
  • #350,710
  • Oct 25, 2013 8:14am Oct 25, 2013 8:14am
Quoting RamsesII
count update... {image}
Nice count. But I am expecting a expanding diagonal though it is rare for wave 5. Sometime when previous two waves show almost same movement I have seen bigger move in next wave. Its can be a three drive . But if lower tl break then it will be invalidate.

Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 56 KB
Never test the depth of water with both feet.
  • #350,711
  • Oct 25, 2013 8:18am Oct 25, 2013 8:18am
Quoting Baggi
I have three choices before bed. 1) Put stop above the high and hope we head down while I sleep. 2) Put stop at B/E and hope we don't swing back up that far if we end up going down. 3) Take profit and just get out before bed. I'm thinking of going for #2 right now.

Well, I chose option#2 and got stopped out. Turns out, option #2 was the worst option. Had I done option 1 or option 3, I'd be richer this morning.

Oh well.
  • #350,712
  • Edited 8:48am Oct 25, 2013 8:22am | Edited 8:48am
Quoting KillerWhale
{quote} You still believe we're in that channel that was broken 2 weeks ago?
Let me be clear, I'm very certain your idea of what a channel is and mine are very different.
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Founder of Sutherland Wave Principle
  • #350,713
  • Oct 25, 2013 8:31am Oct 25, 2013 8:31am
Quoting fxlover11
{quote} Nice count. But I am expecting a expanding diagonal though it is rare for wave 5. Sometime when previous two waves show almost same movement I have seen bigger move in next wave. Its can be a three drive . But if lower tl break then it will be invalidate. {image}
let's see your full count leading to the ED 5th
Don't have an ego. Always question yourself and your ability.
  • #350,714
  • Oct 25, 2013 8:32am Oct 25, 2013 8:32am
Quoting Mr.C
{quote} Good morning guys. Yesterday's GBP/USD short looks more than healthy and is now floating with +60 pips. {quote} Sticking to my initial TPs that I posted yesterday. TL seen on my chart - as a first road block. I might also move my SL to +1 later today. {quote} {quote} I always admire the timing importance while in the markets. I had one more short yesterday aiming to swap both trades in order to get a better price and at the end - a better risk/reward ratio. The plan was good, everything has been done (both orders placed)..BUT! I simply went...
Good day people. Back to work today. Will be checking charts for new positions in a moment. Already had a glimpse at my GBP/USD short order taken on Tuesday this week. The position has been stopped out at +1. I would give a medal to the market makers for such a price action. After my order was opened: 1st move - 90 pips down. Good and healthy order. 2nd move - 90 pips back up. No changes to my position as I saw a possible zone where the GU price could be turned back south. As foreseen: 3rd move - 60 pips down and this is only when I moved SL to +1. Guess what!? 4th move happened: 110 pips up and my order is gone at +1. Now the price is once again down south ~80 pips @ 1,6164. Without me though. My condolences to those who watch the market all day long - it should be a nerve breaking experience.

This is trading - something new everyday. No free and easy stuff out there! Good luck while hunting pips today guys!
Attached Image (click to enlarge)
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #350,715
  • Oct 25, 2013 8:38am Oct 25, 2013 8:38am
Quoting Pumpndump
{quote} I don't question your technicals, but what makes you think after all the positive uk data that's come, 0.8 was gonna send this to a new high? If this goes up from here and breaches 1626 i would be surprised.
I've already said I think somethings wrong with longs, I think my levels got capped at 6240 etc. I've just never seen a break down at this stage and risk reward is good so I'm taking a chance.
Founder of Sutherland Wave Principle
  • #350,716
  • Oct 25, 2013 8:48am Oct 25, 2013 8:48am
Quoting RamsesII
{quote} let's see your full count leading to the ED 5th
Instead of ed it can be 1, 2 and wave 3 1,2 of last wave 5. I can't see any reason of final fall so early. No strong weakness from GBP . GBP is giving average data, on the other hand USD is slowly improving. So I can see more upward potential for GU. But who knows....

Attached Image (click to enlarge)
Click to Enlarge Name: GU count.png Size: 54 KB
Never test the depth of water with both feet.
  • #350,717
  • Oct 25, 2013 8:53am Oct 25, 2013 8:53am
Quoting fxlover11
{quote} Instead of ed it can be 1, 2 and wave 3 1,2 of last wave 5. I can't see any reason of final fall so early. No strong weakness from GBP . GBP is giving average data, on the other hand USD is slowly improving. So I can see more upward potential for GU. But who knows.... {image}
This count just looks bizarre... back to the drawing board
Don't have an ego. Always question yourself and your ability.
  • #350,718
  • Oct 25, 2013 8:53am Oct 25, 2013 8:53am
Quoting fxlover11
{quote} Instead of ed it can be 1, 2 and wave 3 1,2 of last wave 5. I can't see any reason of final fall so early. No strong weakness from GBP . GBP is giving average data, on the other hand USD is slowly improving. So I can see more upward potential for GU. But who knows.... {image}
You're contradicting yourself by saying USD is improving, that should cause GU to go down, not up.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #350,719
  • Oct 25, 2013 8:55am Oct 25, 2013 8:55am
Good Afternoon GU

I will be enjoying the weekend from now. Trade safe.
Enjoy your weekend.

Will review sometime Sunday.

G/L
  • #350,720
  • Oct 25, 2013 8:56am Oct 25, 2013 8:56am
Quoting JimmyC
Good Afternoon GU I will be enjoying the weekend from now. Trade safe. Enjoy your weekend. Will review sometime Sunday. G/L
Have a good one.
Founder of Sutherland Wave Principle
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