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Cable Update (GBPUSD)

  • #352,441
  • Nov 8, 2013 8:13am Nov 8, 2013 8:13am
Quoting TauTrader
{quote} OMG - seemed like a good trade idea at the time Gonna give it a little time. Fark me
Gmf,

I'm obviously bais here - mistake on my part.

Just cannot see the market leaving all the succulent stops higher up and continue from here to run south for a prolonged period of time.. and this is favor of the majority

Maybe I should seriously check my info
  • #352,442
  • Nov 8, 2013 8:17am Nov 8, 2013 8:17am
Quoting TauTrader
{quote} Gmf, I'm obviously bais here - mistake on my part. Just cannot see the market leaving all the succulent stops higher up and continue from here to run south for a prolonged period of time.. and this is favor of the majority Maybe I should seriously check my info
Retail stops is only one of the many factors that drive market maker positioning.
The true business of these market makers is the pursuit of higher yields.
Since they were extremely positioned against the USD from running all the previous stops while taking advantage of high yield differentials, it was only natural that at some point they have to take profits once it becomes clear that the yield differential will be narrowing. In this case, taking out retail stops becomes counter productive. It's like taking a packed sandwich to a barbeque.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,443
  • Nov 8, 2013 8:18am Nov 8, 2013 8:18am
Quoting PipTrapper
{quote} Win some / Lose some. All part of the business. Today I win. Not sure about tomorrow and yesterday doesn't matter.
Sir Pip,

You are right.

I am not affected by the current drawdown. As said - it is part of trading. I'm internally questioning my way of decision making. This just does not make any sense to me. This thus entails another weekend of study.

All success to you and well done!
  • #352,444
  • Nov 8, 2013 8:19am Nov 8, 2013 8:19am
Quoting Tiyaga
{image}

nice short... halfway to target. must break 1.60000 or else im going to close it.. i hate otw trades last chance consumer sentiment
  • #352,445
  • Nov 8, 2013 8:21am Nov 8, 2013 8:21am
non believer ,
banned me from posting
selling ,selling selling
ma system

http://www.forexfactory.com/showthre...13#post7077513
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,446
  • Nov 8, 2013 8:23am Nov 8, 2013 8:23am
Quoting Davit
{quote} Hi Jimmy My guess tonight is London sells because of NFP and I suspect numbers are not going to be negative.Its showing slight improvement of late. We could go all the way back to 60 by 7:30am or I could be totally wrong. Regards

hit 60 Off by 1:10min
In trading, you have to be defensive and aggressive at the same time
  • #352,447
  • Nov 8, 2013 8:24am Nov 8, 2013 8:24am
it won't pip


Quoting PipTrapper
{quote} Yep. You can bet your bones on that one. Only question now is whether or not 5900 will hold.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,448
  • Nov 8, 2013 8:30am Nov 8, 2013 8:30am
Good day,

Still holding long. BE @ 1.6028

Regards
  • #352,449
  • Nov 8, 2013 8:32am Nov 8, 2013 8:32am
Why I don't trade smaller time frames...

A normal brain
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My brain
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Those who say it cannot be done should not interrupt those who are doing it
  • #352,450
  • Nov 8, 2013 8:34am Nov 8, 2013 8:34am
Quoting Bones
it won't pip {quote}
I'm banking on it not holding, but forgive me for not celebrating until I see it with my own eyes
Those who say it cannot be done should not interrupt those who are doing it
  • #352,451
  • Nov 8, 2013 8:37am Nov 8, 2013 8:37am
Quoting TauTrader
{quote} Sir Pip, You are right. I am not affected by the current drawdown. As said - it is part of trading. I'm internally questioning my way of decision making. This just does not make any sense to me. This thus entails another weekend of study. All success to you and well done!
You could have made an argument either way. Technically there a good argument for a range bound market, double tops (1625) and the double bottoms (around 15900 area) on the daily. Could just need to retest before moving back up chasing out the stops.

I was bearish based on the longer term monthly points and the daily rebound volume spikes that did not follow through.

Then again I look at my charts long enough, draw enough lines on them Im sure I could see pigs flying through the screen if I convinced myself long enough.
  • #352,452
  • Nov 8, 2013 8:54am Nov 8, 2013 8:54am
haha yes watch my confidence ,chart ,the majority of the strong ,they talk to me in my head


Quoting PipTrapper
{quote} I'm banking on it not holding, but forgive me for not celebrating until I see it with my own eyes
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,453
  • Nov 8, 2013 8:56am Nov 8, 2013 8:56am
Quoting squawk
{quote} ...Then again I look at my charts long enough, draw enough lines on them Im sure I could see pigs flying through the screen if I convinced myself long enough.
Same here. So true
Those who say it cannot be done should not interrupt those who are doing it
  • #352,454
  • Nov 8, 2013 8:57am Nov 8, 2013 8:57am
median line of my median line.... long
  • #352,455
  • Nov 8, 2013 8:57am Nov 8, 2013 8:57am
I can tell you how I know
how I can PREDICT ,yes you heard right bbmac (remove ear muffs) if your there must be on holiday
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,456
  • Nov 8, 2013 9:01am Nov 8, 2013 9:01am
Quoting Bones
I can tell you how I know how I can PREDICT ,yes you heard right bbmac (remove ear muffs) if your there must be on holiday {image}
Nice bull flag. That's what convinced me to ignore the massive pinbar. Also when I see them that long, I zoom in to a smaller time frame and watch for the retest to hold. If it does, I trigger long.

I don't care what anybody says, traditional PA works over 70% of the time. When I use that in conjunction with underlying macro conditions, it gives me an edge like no other.

The only problem I have now that needs fixing, is that I tend to enter too early.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #352,457
  • Nov 8, 2013 9:07am Nov 8, 2013 9:07am
and gold


Quoting Bones
Hi O my view is bearish to support not sure where that is ,Gold is a very fast mover tho pa great full of sharks imo {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,458
  • Nov 8, 2013 9:08am Nov 8, 2013 9:08am
weekly is most powerfull
w1 h4
who will win


Quoting PipTrapper
{quote} Nice bull flag. That's what convinced me to ignore the massive pinbar. Also when I see them that long, I zoom in to a smaller time frame and watch for the retest to hold. If it does, I trigger long. I don't care what anybody says, traditional PA works over 70% of the time. When I use that in conjunction with underlying macro conditions, it gives me an edge like no other. The only problem I have now that needs fixing, is that I tend to enter too early. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,459
  • Nov 8, 2013 9:13am Nov 8, 2013 9:13am
ONCE AGAIN! Levels predicted the day before all were hit. Here's a snap shot what I presented yesterday. it's in page 17619 by the way. Were approaching my initial profit level at 1.59188 the blue line (23.6 fibo level of weekly analysis) BECAREFUL HERE! Price will react to this point. Here you can see my three trendline breaks. the green levels are momentum levels calculated from the the first trendline break. the pink ones are the new momemtum levels from the last trendline break. And of course the 23.6 weekly level at 1.5918. ENJOYYYYY!
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  • #352,460
  • Nov 8, 2013 9:18am Nov 8, 2013 9:18am
Quoting Bones
weekly is most powerfull w1 h4 who will win {quote}
Weekly is already broken and because it's weekly, it doesn't even have to retest the breakout from the flag till next year... if at all.
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Those who say it cannot be done should not interrupt those who are doing it
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