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Cable Update (GBPUSD)

  • #352,841
  • Nov 12, 2013 8:45am Nov 12, 2013 8:45am
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  • #352,842
  • Nov 12, 2013 8:50am Nov 12, 2013 8:50am
well, tomorrow we have unemployment change 7.6% expected, maybe they are trading this already, i guess a lot of short positions accumulated right now. but again Yellen can change their mood.
Sorry forgot the chart:

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  • #352,843
  • Nov 12, 2013 8:52am Nov 12, 2013 8:52am
Quoting xau
well, tomorrow we have unemployment change 7.6% expected, maybe they are trading this already, i guess a lot of short positions accumulated right now. but again Yellen can change their mood.
tomorrow is another day... what is important is whats happening now...
  • #352,844
  • Nov 12, 2013 8:58am Nov 12, 2013 8:58am
mmmm I didn't see this long coming after the fall this morning.
  • #352,845
  • Edited 9:12am Nov 12, 2013 8:59am | Edited 9:12am
i need 2h candle to close 5949 if not im going to close long... then short
  • #352,846
  • Nov 12, 2013 9:02am Nov 12, 2013 9:02am
Quoting Tiyaga
i need 2h candle to close 5849 if not im going to close long... then short

Did you mean 5949?
  • #352,847
  • Nov 12, 2013 9:09am Nov 12, 2013 9:09am
no break ill go short and close my long, break ill be happy... ) lets see in 50mins
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  • #352,848
  • Nov 12, 2013 9:10am Nov 12, 2013 9:10am
looks like stop hunting.
trading is not an addiction. it's a profession.
  • #352,849
  • Nov 12, 2013 9:11am Nov 12, 2013 9:11am
Quoting ravenbg
{quote} Did you mean 5949?
oh yes sorry.. imma bit sleepy
  • #352,850
  • Nov 12, 2013 9:21am Nov 12, 2013 9:21am
Good day,

Have been going through a little bad patch in terms of scalping - so throwing that away.

On my older charts - both indicated lines were hit. I still have 1.5562 as a target - but also 1.5405.

So - will be building shorts again..

Regards
  • #352,851
  • Nov 12, 2013 9:55am Nov 12, 2013 9:55am
This count says we should consolidate/bounce around for at least a couple days before continuing lower... a caution to "uber-bears"
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Don't have an ego. Always question yourself and your ability.
  • #352,852
  • Nov 12, 2013 10:01am Nov 12, 2013 10:01am
Hi guys
This to me is golden opportunity to short again after closing previous profitable shorts.Double dipping for sure.
GC Short
67 2x live
67.5 2x limit
68 2x limit
GU
5950 2x limit
60 2x limit
for now
I think prices may bounce up because of Carney's speech weds.I am sure he will have nothing but positive News
In trading, you have to be defensive and aggressive at the same time
  • #352,853
  • Nov 12, 2013 10:05am Nov 12, 2013 10:05am
Quoting TauTrader
Good day, Have been going through a little bad patch in terms of scalping - so throwing that away. On my older charts - both indicated lines were hit. I still have 1.5562 as a target - but also 1.5405. So - will be building shorts again.. Regards

I think Tau GC is better for shorting more since we get positive swap and it has huge potential to drop like 400+pips
Just thought to share
In trading, you have to be defensive and aggressive at the same time
  • #352,854
  • Nov 12, 2013 10:15am Nov 12, 2013 10:15am
Quoting RamsesII
This count says we should consolidate/bounce around for at least a couple days before continuing lower... a caution to "uber-bears" {image}
Duly noted.
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Click to Enlarge Name: patient_bear.jpg Size: 68 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #352,855
  • Nov 12, 2013 10:15am Nov 12, 2013 10:15am
Quoting Davit
{quote} I think Tau GC is better for shorting more since we get positive swap and it has huge potential to drop like 400+pips Just thought to share
sir, D

Do not trade that pair - will have a look though

All success

Regards
  • #352,856
  • Nov 12, 2013 10:17am Nov 12, 2013 10:17am
Quoting TauTrader
Good day, Have been going through a little bad patch in terms of scalping - so throwing that away. On my older charts - both indicated lines were hit. I still have 1.5562 as a target - but also 1.5405. So - will be building shorts again.. Regards

I have always found scaling to be a quick way to lose money..instead of gain..the market these days is tough..look what happened at 9.30 today and the big bear 4hr candle..to long that was, well what I consider to be low probability..and the some b^&tch bounced!..u just cant call short term..u simply have to trade 10 times and hope u can win more than u lose

then u have the damn news as another major factor..whereas long term..execute and chill..its boring but boring in this is good
u are a good position trader..no need to fix something which is not broke if u ask me mr T
  • #352,857
  • Nov 12, 2013 10:22am Nov 12, 2013 10:22am
Quoting TauTrader
{quote} sir, D Do not trade that pair - will have a look though All success Regards

I think Canadian Dollar is pretty stable.I would say lot more then US dollar.CD is influenced by Crude Oil price.Higher the Crude stronger the CD.Biggest Canada's export is oil mostly to US.
Overall Canadian economy is lot better then US.
In trading, you have to be defensive and aggressive at the same time
  • #352,858
  • Nov 12, 2013 10:22am Nov 12, 2013 10:22am
Quoting Davit
Hi guys This to me is golden opportunity to short again after closing previous profitable shorts.Double dipping for sure. GC Short 67 2x live 67.5 2x limit 68 2x limit GU 5950 2x limit 60 2x limit for now I think prices may bounce up because of Carney's speech weds.I am sure he will have nothing but positive News
I'm not betting on positive news from Carnage. He's in a bit of a tough spot right now with a slightly heated housing market, but the inflation report was a huge miss. I think he'll stay the course.

If employment numbers are better then expected, I think he will play them down because he wants to maintain credibility on his forward guidance. He'll probably pull a Bernanke and say that the unemployment rate doesn't reflect the real employment picture and mention that most of the jobs created are part time and therefore whilst the unemployment rate has fallen, the average hours worked has also fallen thereby nullifying the improvement in the headline number. These bangsters are known for changing tack mid journey when it suits them.

Of course the above is only my opinion. Use it as you see fit.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,859
  • Nov 12, 2013 10:24am Nov 12, 2013 10:24am
Quoting nAVIN2007
{quote} I have always found scaling to be a quick way to lose money..instead of gain..the market these days is tough..look what happened at 9.30 today and the big bear 4hr candle..to long that was, well what I consider to be low probability..and the some b^&tch bounced!..u just cant call short term..u simply have to trade 10 times and hope u can win more than u lose then u have the damn news as another major factor..whereas long term..execute and chill..its boring but boring in this is good u are a good position trader..no need to fix...

Agree 100% Used to Scalp and I stopped year of ego.It was not worth my nerves or time.
In trading, you have to be defensive and aggressive at the same time
  • #352,860
  • Nov 12, 2013 10:25am Nov 12, 2013 10:25am
Quoting nAVIN2007
{quote}news as another major factor..whereas long term..execute and chill..its boring but boring in this is good u are a good position trader..no need to fix something which is not broke if u ask me mr T
Those who say it cannot be done should not interrupt those who are doing it
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