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Cable Update (GBPUSD)

  • #352,361
  • Nov 7, 2013 2:32pm Nov 7, 2013 2:32pm
Quoting TauTrader
{quote} Sir Bones, Probably right. I have to go rest. Need sleep. For me - it's a 50/50 at this spot. However - finishing the day below yesterdays close - but above yesterdays low - could indicate bullishness. Just my own thing.. I'm on the road tomorrow - so missing everything. Trade well Regards
hei mr Tau!
i agree... it's a 50% probability in cable!
also tomorrow nfp will give some headache...

time will tell!
good luck to you
90% of traders use TA, indicators and prediction
  • #352,362
  • Nov 7, 2013 2:39pm Nov 7, 2013 2:39pm
Quoting Bones
aud usd
nzd ... 8360-80 key area
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90% of traders use TA, indicators and prediction
  • #352,363
  • Nov 7, 2013 2:42pm Nov 7, 2013 2:42pm
Quoting Bones
aud usd
Bones what is your thought about GBP/AUD?
  • #352,364
  • Nov 7, 2013 2:58pm Nov 7, 2013 2:58pm
Hi In
im bearish but it seems bullish

Quoting iNSIELD
{quote} Bones what is your thought about GBP/AUD?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,365
  • Nov 7, 2013 3:06pm Nov 7, 2013 3:06pm
Quoting Bones
ive left cable well alone as im too exposed ,glad I took gbp jpy , but if close like that or better .. {quote} {image}

blows man ..u are making some serious corn bro!!..u are mashing sixes all day long
inspiring bro!!..seriously
  • #352,366
  • Nov 7, 2013 3:12pm Nov 7, 2013 3:12pm
monthly says down to me liable to turn on penny on d1


Quoting iNSIELD
{quote} Bones what is your thought about GBP/AUD?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,367
  • Nov 7, 2013 3:16pm Nov 7, 2013 3:16pm
hey amigo ,still tricky day today ..
no sleep yesterday also

Quoting nAVIN2007
{quote} blows man ..u are making some serious corn bro!!..u are mashing sixes all day long inspiring bro!!..seriously
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,368
  • Nov 7, 2013 3:34pm Nov 7, 2013 3:34pm
im gonna stick to plan ,$ I think we seen highs this week ,its mighty long wick to lower ,but under pivot ,
prob not about $ this week ..

Quoting Bones
there is a trick by market ,either way if the hammer low goes its a nice set up I am already short so not a call as such the hammer is very risky because it comes after 2 long neg candles that means business {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,369
  • Nov 7, 2013 3:43pm Nov 7, 2013 3:43pm
Quoting Bones
hey amigo ,still tricky day today .. no sleep yesterday also {quote}
u the man!!
  • #352,370
  • Nov 7, 2013 3:53pm Nov 7, 2013 3:53pm
Quoting PipTrapper
{quote} Not that strange. That surge up was the normal rate fixing they do at this time of day in London. Usually it hits at 4PM London time on the nose, but today it was a bit late. That's why I got trapped. But it will take more than that to dissuade me
Hey PT, I was wondering if you would elaborate on the rate fixing in general (or provide a link to something - I'm just curious about it and google isn't as helpful as usual).
  • #352,371
  • Nov 7, 2013 4:23pm Nov 7, 2013 4:23pm
Quoting Davit
It is already well known that market is lot more sophisticated now then before.With lots of robots trading targeting Pivot traders,typical indicator traders mainly taking their money by hitting stops. Most traders place their stops 10-20 pips under /over pivots S/R clusters,fib levels and no wonder you get stopped out. Challenge is how to avoid those zones.I will not elaborate how but be aware that you are being targeted. I placed the pivot to illustrate a point in my example.I don't use them. {image}
Just for the record, even though your example backed up what i said ver well indeed, i thought i'd add another to illustrate that even if i am 'being targeted', they missed today (and frequently do). Manually drawn lines matching pivots very closely and price moved (quickly today) within those lines, just like i told you it did/does really quite often.

Lets be clear, i respect you and your analysis, but i dont take kindly to people firing off bullshit and discounting what i do for no reason. I was trying to spark debate and encourage learning, and maybe help someone learn something useful.

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  • #352,372
  • Nov 7, 2013 4:45pm Nov 7, 2013 4:45pm
heads up...
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  • #352,373
  • Nov 7, 2013 4:54pm Nov 7, 2013 4:54pm
Quoting tdyo
{quote} Hey PT, I was wondering if you would elaborate on the rate fixing in general (or provide a link to something - I'm just curious about it and google isn't as helpful as usual).
Here's Everything You Need To Know
http://www.businessinsider.com/regul...igging-2013-11
Those who say it cannot be done should not interrupt those who are doing it
  • #352,374
  • Nov 7, 2013 5:09pm Nov 7, 2013 5:09pm
Quoting PipTrapper
{quote} Here's Everything You Need To Know http://www.businessinsider.com/regul...igging-2013-11
Oh THAT kind of fixing. Thanks for the info!
  • #352,375
  • Nov 7, 2013 5:43pm Nov 7, 2013 5:43pm
Quoting tdyo
{quote} Oh THAT kind of fixing. Thanks for the info!
What fixing were you asking about?
The London Fix? If so, it is explained in there also. It's all about how traders are manipulating rates for the London Fix and it gives a brief rundown of what the London fix is all about.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,376
  • Nov 7, 2013 6:22pm Nov 7, 2013 6:22pm
I wonder if we already saw NFP today. I heard several reports on the way home from work today that everyone is saying the numbers are going to be horrible tomorrow.

Perhaps this was expectations?
  • #352,377
  • Nov 7, 2013 7:07pm Nov 7, 2013 7:07pm
Quoting PipTrapper
{quote} What fixing were you asking about? The London Fix? If so, it is explained in there also. It's all about how traders are manipulating rates for the London Fix and it gives a brief rundown of what the London fix is all about.
Yeah, I was after London Fix info, sorry for the confusion. Thanks again!
  • #352,378
  • Nov 7, 2013 8:24pm Nov 7, 2013 8:24pm
obvious resistance above, i'll play off it, tight stops with the rest of everyone else....damn
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Don't have an ego. Always question yourself and your ability.
  • #352,379
  • Nov 7, 2013 11:42pm Nov 7, 2013 11:42pm
Quoting szamoca
{quote} Don't open another position until first position isn't in profit, use stoploss, risk 2-5% of your money / position.
my GU is still floating,what do tou think about that.is the candle up or down
  • #352,380
  • Nov 7, 2013 11:55pm Nov 7, 2013 11:55pm
My GU count....

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Never test the depth of water with both feet.
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