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Cable Update (GBPUSD)

  • #352,861
  • Nov 12, 2013 10:27am Nov 12, 2013 10:27am
Quoting PipTrapper
{quote} 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...

I am betting him being former Goldman Sach guy for 13yrs he knows how to manipulate.In strange way I want the price to bounce and trigger my limit shorts then drop for real.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #352,862
  • Nov 12, 2013 10:28am Nov 12, 2013 10:28am
Quoting Davit
{quote} Agree 100% Used to Scalp and I stopped year of ego.It was not worth my nerves or time.
Swing/Position trader
Attached Image


Scalper
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Those who say it cannot be done should not interrupt those who are doing it
  • #352,863
  • Nov 12, 2013 10:30am Nov 12, 2013 10:30am
Quoting Davit
{quote} I am betting him being former Goldman Sach guy for 13yrs he knows how to manipulate.In strange way I want the price to bounce and trigger my limit shorts then drop for real. Regards
...and Carnage wants a stable or lower Pound.

Who's going to win? Him or you?
Those who say it cannot be done should not interrupt those who are doing it
  • #352,864
  • Nov 12, 2013 10:37am Nov 12, 2013 10:37am
Quoting PipTrapper
{quote} ...and Carnage wants a stable or lower Pound. Who's going to win? Him or you?

Sorry Pips Who is Carnage?
In trading, you have to be defensive and aggressive at the same time
  • #352,865
  • Nov 12, 2013 10:38am Nov 12, 2013 10:38am
Quoting PipTrapper
{quote} Swing/Position trader {image} Scalper {image}
  • #352,866
  • Nov 12, 2013 10:38am Nov 12, 2013 10:38am
Quoting Davit
{quote} Sorry Pips Who is Carnage?
Carney (Mark Joseph) BOE Governor
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Those who say it cannot be done should not interrupt those who are doing it
  • #352,867
  • Nov 12, 2013 10:49am Nov 12, 2013 10:49am
Quoting PipTrapper
{quote} Carney (Mark Joseph) BOE Governor {image}
Might be easier to recognise now
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Click to Enlarge Name: Mark Carnage.png Size: 1.1 MB
  • #352,868
  • Nov 12, 2013 11:10am Nov 12, 2013 11:10am
Howzit GU!

GU 1H

Down trend established with a really nice bounce to add short.

Carnage tomorrow, lets see how hard he pushed his opinion. (He won't admit defeat, he said rates will stay low... hint)
Don't bet against a market maker is now one of my rules after Super Mario gave us the birthday present 25 basis point cut.

If you're feeling bullish here, cut your profit soon
And my apologies for the piss poor cartoon above

Looking forward to the press conference tomorrow and am holding two positions short



G/L
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  • #352,869
  • Nov 12, 2013 11:10am Nov 12, 2013 11:10am
Quoting JimmyC
{quote} Might be easier to recognise now {image}

More like this
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Those who say it cannot be done should not interrupt those who are doing it
  • #352,870
  • Nov 12, 2013 11:11am Nov 12, 2013 11:11am
Quoting PipTrapper
{quote} More like this {image}
  • #352,871
  • Nov 12, 2013 11:13am Nov 12, 2013 11:13am
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...
Sir Nav,

I appreciate you taking the time..

You are correct. I was looking at ways to capture pips during the times we are amongst levels. It is very clear to rather sit on hands. Back to long term. Comfortable.

Build it slowly..

Wish you well

Regards
  • #352,872
  • Nov 12, 2013 11:17am Nov 12, 2013 11:17am
Quoting TauTrader
{quote} Sir Nav, I appreciate you taking the time.. You are correct. I was looking at ways to capture pips during the times we are amongst levels. It is very clear to rather sit on hands. Back to long term. Comfortable. Build it slowly.. Wish you well Regards
Mr. TT
A dripping tap fills many buckets
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #352,873
  • Nov 12, 2013 11:26am Nov 12, 2013 11:26am
Good day,

Ultimate chart.

Regards
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  • #352,874
  • Nov 12, 2013 11:28am Nov 12, 2013 11:28am
Quoting PipTrapper
{quote} Mr. TT A dripping tap fills many buckets {image}
Sir, PT

Correct.

Correct.

Correct.

Regards
  • #352,875
  • Nov 12, 2013 11:33am Nov 12, 2013 11:33am
bottom has been breached lol,
soo its not inverted hammer ?
if not then

Quoting Bones
I see long upper wick (break to be sure candle) I see shooting star I see evening star off top , w1 cable {image}
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Click to Enlarge Name: gbp usd w1 12-11 USD Spot.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,876
  • Nov 12, 2013 11:38am Nov 12, 2013 11:38am
Quoting Bones
bottom has been breached lol, soo its not inverted hammer ? if not then {quote} {image}
Inverted mallet?
Those who say it cannot be done should not interrupt those who are doing it
  • #352,877
  • Nov 12, 2013 11:41am Nov 12, 2013 11:41am
lol could be
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,878
  • Nov 12, 2013 11:46am Nov 12, 2013 11:46am
Quoting Bones
lol could be

looking at the 4hr developing bro!!..she aint finished yet..the first round was just her passing wind
  • #352,879
  • Nov 12, 2013 11:50am Nov 12, 2013 11:50am
Quoting Davit
{quote} Agree 100% Used to Scalp and I stopped year of ego.It was not worth my nerves or time.

we have all been there..i remember killing myself and all i did is breakeven at best..but i felt like i was in the ring with tyson..exhausted
  • #352,880
  • Nov 12, 2013 12:02pm Nov 12, 2013 12:02pm
1.55?... hmm, it would correspond with my 38.2 FE. 1.57 would most likely correspond to the top of the red MAs of the Guppy profile.

However, I'm not sure it is quite the time to be calling for a bear drubbing of the nose in the sand. Tomorrow will witness the devil incarnate coughing out Carney blarney to support decisions about our futures that, nevermind having already been taken, are well underway, but not revealed to us.

... I'm so ashamed to be British sometimes when the best that our hallowed institutions can be present is a paid-up member of a club that we are barred from. And nothing against the Canadians, but surely we could have found a home-grown virus, and not have had to import one?
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Author of: For Pip's Sake! (Available at Amazon... :-) )
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