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Cable Update (GBPUSD)

  • #353,301
  • Nov 15, 2013 8:06am Nov 15, 2013 8:06am
Quoting PIPot
the uptrend just started... tp1 6157
here we go ahahaha
Pecuniae obediunt omnia
  • #353,302
  • Nov 15, 2013 8:18am Nov 15, 2013 8:18am
Quoting nAVIN2007
{quote} no way pound is going back to 1.62..unless USD is dumped ..it just not in the charts is my thoughts

are u just as confident now ?


Do u understand now that blind charts are just as good as...well...blind charts ?

It still comes down to sentiment and fundamentals and they ARE important. And trend. There is no such a thing as "everything is priced in fundamentally so charts are holy grail".

charts are ONLY good for a BOUNCE...period.
  • #353,303
  • Nov 15, 2013 8:30am Nov 15, 2013 8:30am
63 here i go
Pecuniae obediunt omnia
  • #353,304
  • Nov 15, 2013 8:36am Nov 15, 2013 8:36am
63 is a long shot maybe 62 and there are things to consider.... might close long now... we must break 6140 or else sell ).. so sleepy now...
Pecuniae obediunt omnia
  • #353,305
  • Nov 15, 2013 8:44am Nov 15, 2013 8:44am
okay gonna trust this... gap will do the job on monday... 625-63 target
Pecuniae obediunt omnia
  • #353,306
  • Nov 15, 2013 8:47am Nov 15, 2013 8:47am
Quoting nAVIN2007
{quote} nice chart..btw u can feel the market is manipulated..there is nothing wrong in that at all..infact it can help u as well..for example knowing this allows one to use mm and play a game of probability instead of all knowing your chart shows me that support is being worked..

Bro,

Are you still in, or strike out?
  • #353,307
  • Nov 15, 2013 9:02am Nov 15, 2013 9:02am
Quoting Tom_d
{quote} we're both in the same boat, i'm a little too heavy on it as well, a 50% correction should see me at be for the pair so can only hope on that for now, poor trading by me, it had broken out of its wedges and on the nikkei and my attempt to scalp short has got me in a right ol pickle. I've got the nikkei at a possible top for now, so kinda praying it's going to start off a bounce to the downside soon
Same here... GU is breaking my descending TL and it's not good... There's high possibility GU can run to 1.62 or higher imo...
  • #353,308
  • Nov 15, 2013 9:22am Nov 15, 2013 9:22am
Well that's certainly caused me more problems, can only live and learn I guess, I killed off my gj trades, and hedged gu to cover the weekend
  • #353,309
  • Nov 15, 2013 10:11am Nov 15, 2013 10:11am
Noone replying. All eyes fixed on chart?
  • #353,310
  • Nov 15, 2013 10:39am Nov 15, 2013 10:39am
Howzit GU!

We are either at the top of the range and going back to 1.5890
Or it'll break 1.611 and bump up at 1.626 again

There is some upside momentum
Caution here its a real slow mover of late

Enjoy your weekend!

G/L
Attached Image (click to enlarge)
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  • #353,311
  • Nov 15, 2013 10:42am Nov 15, 2013 10:42am
Quoting nAVIN2007
{quote} i think people are more concerned about the swap fees at this point..we aint even moving

Nav
Short GA to offset GU swap.That's what I did.In Fact I get more + swap from GA
To add further while GU is going up GA is going down.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.daily.png Size: 34 KB
In trading, you have to be defensive and aggressive at the same time
  • #353,312
  • Nov 15, 2013 10:56am Nov 15, 2013 10:56am
Quoting JimmyC
Howzit GU! We are either at the top of the range and going back to 1.5890 Or it'll break 1.611 and bump up at 1.626 again There is some upside momentum Caution here its a real slow mover of late Enjoy your weekend! G/L {image}

Still waiting for bear gravity.
  • #353,313
  • Nov 15, 2013 10:58am Nov 15, 2013 10:58am
Quoting fxbreeze
{quote} Still waiting for bear gravity.
You are not the only one
  • #353,314
  • Nov 15, 2013 11:01am Nov 15, 2013 11:01am
Quoting fxbreeze
{quote} Still waiting for bear gravity.
The bears are jumping on the Dollar...

Janet Yellen confirmed she will sustain supportive asset purchases... That is going to move us back to the upside... Need to wait for March 14
  • #353,315
  • Nov 15, 2013 11:03am Nov 15, 2013 11:03am
Quoting JimmyC
{quote} The bears are jumping on the Dollar... Janet Yellen confirmed she will sustain supportive asset purchases... That is going to move us back to the upside... Need to wait for March 14
Bite your tongue Jimmy.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,316
  • Nov 15, 2013 11:07am Nov 15, 2013 11:07am
Quoting JimmyC
{quote} The bears are jumping on the Dollar... Janet Yellen confirmed she will sustain supportive asset purchases... That is going to move us back to the upside... Need to wait for March 14
http://www.infiniteunknown.net/wp-co...r-Manual_0.jpg
The world you desire can be won. It exists.. it is real.. it is possible..
  • #353,317
  • Nov 15, 2013 11:11am Nov 15, 2013 11:11am
Quoting Mr. Scott
{quote} {image}
This will end in tears
  • #353,318
  • Nov 15, 2013 11:12am Nov 15, 2013 11:12am
Quoting PipTrapper
{quote} Bite your tongue Jimmy.
Hey PT, is what it is... Till March
  • #353,319
  • Nov 15, 2013 11:12am Nov 15, 2013 11:12am
It's assholes like this that make people not want to post their trade explorer.. throw some salt on the wound wont ya??
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Don't have an ego. Always question yourself and your ability.
  • #353,320
  • Nov 15, 2013 11:13am Nov 15, 2013 11:13am
Quoting JimmyC
{quote} The bears are jumping on the Dollar... Janet Yellen confirmed she will sustain supportive asset purchases... That is going to move us back to the upside... Need to wait for March 14

What is sad is "greatest" nation on Earth has more debt then revenue generating.
Sad part is we are poor nation that we think we are rich.Sort of denial.And what do we do?Instead of saving money we invade countries who don't give a fk about Americans.
We have presidents who keep using credit card like rest of the nation and clueless about consequences.
Like George Carlin said

"Now, there's one thing you might have noticed I don't complain about: politicians. Everybody complains about politicians. Everybody says they suck. Well, where do people think these politicians come from? They don't fall out of the sky. They don't pass through a membrane from another reality. They come from American parents and American families, American homes, American schools, American churches, American businesses and American universities, and they are elected by American citizens. This is the best we can do folks. This is what we have to offer. It's what our system produces: Garbage in, garbage out. If you have selfish, ignorant citizens, you're going to get selfish, ignorant leaders. Term limits ain't going to do any good; you're just going to end up with a brand new bunch of selfish, ignorant Americans. So, maybe, maybe, maybe, it's not the politicians who suck. Maybe something else sucks around here... like, the public. Yeah, the public sucks. There's a nice campaign slogan for somebody: 'The Public Sucks. F*ck Hope.'"
In trading, you have to be defensive and aggressive at the same time
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