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Cable Update (GBPUSD)

  • #353,781
  • Nov 20, 2013 10:56pm Nov 20, 2013 10:56pm
Good day,

Still in sell zone. Area of interest will be 1.6066. Could bounce here. Want to see price break and this support become resistance. If so - we could move lower still with the next possible level @ 1.6024

Regards
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  • #353,782
  • Nov 21, 2013 12:12am Nov 21, 2013 12:12am
What about gbpcad?
  • #353,783
  • Nov 21, 2013 12:50am Nov 21, 2013 12:50am
Quoting trexy123
What about gbpcad?
if you went short you would like price not go above the yellow box in the following chart.
I also would like it not to, because it will help my cable shorts.


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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,784
  • Nov 21, 2013 1:05am Nov 21, 2013 1:05am
Quoting ffleo
{quote} if you went short you would like price not go above the yellow box in the following chart. I also would like it not to, because it will help my cable shorts. {image}
my gut feeling expects cable to go down
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,785
  • Nov 21, 2013 1:28am Nov 21, 2013 1:28am
Quoting ffleo
{quote} my gut feeling expects cable to go down {image}

besides your gut feeling , What about chart facts?
The Market pays you to be disciplined
  • #353,786
  • Edited 2:12am Nov 21, 2013 2:02am | Edited 2:12am
Quoting mima
{quote} besides your gut feeling , What about chart facts?
it got blown through a few supports in one new york session: 6160, 6135, and 6100. and the daily candle closed as inverted hammer (even though not ideal), and this is a LH 3rd top. The candle after the hammer got lower, a confirmation of potential drop.

It may go up to test the support-turned resistance 6100. If it fails it will go down to test levels below.

Attached Image (click to enlarge)
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,787
  • Edited 2:23am Nov 21, 2013 2:12am | Edited 2:23am
Quoting Cowboy11
GU not a good pair to trade, try EU, EJ or EG.
AU, GA can be considered as well. Sorry, EJ will not be good today as well.
Face both Win and Lose bravely
  • #353,788
  • Nov 21, 2013 2:17am Nov 21, 2013 2:17am
Quoting Cowboy11
GU not a good pair to trade, try EU, EJ or EG.

You're right, I keep trading GU and it's screwing me over, had I stuck with EU and AU right now i'd be way better off.

GU is still sort of in an uptrend for now. Though I do think it will see weakness now, way more people are short GU than AU/EU.
  • #353,789
  • Nov 21, 2013 2:19am Nov 21, 2013 2:19am
Quoting Cowboy11
GU not a good pair to trade, try EU, EJ or EG.
I have the same feeling. EU is much easier to trade.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,790
  • Nov 21, 2013 2:22am Nov 21, 2013 2:22am
GU is more pips per effort / trade. EU can be very stubborn and move between 20 pips for 2-3 days. AU on the other hand is good if you can follow a trade for days as once it begins a move it keeps it for days and then just changes direction for another few days for no apparent reason most of the time.
  • #353,791
  • Nov 21, 2013 2:22am Nov 21, 2013 2:22am
Quoting Ck87
{quote} You're right, I keep trading GU and it's screwing me over, had I stuck with EU and AU right now i'd be way better off. GU is still sort of in an uptrend for now. Though I do think it will see weakness now, way more people are short GU than AU/EU.
GU often has spikes. Who can produce those big spikes? Not the usual hedge funds can produce the huge spikes. It is highly manipulated, more often than other pairs.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,792
  • Nov 21, 2013 2:23am Nov 21, 2013 2:23am
Might as well just buy GU every time it falls, because it clearly is not being allowed to go down by some big movers.
  • #353,793
  • Nov 21, 2013 2:23am Nov 21, 2013 2:23am
Quoting ffleo
{quote} GU often has spikes. Who can produce those big spikes? Not the usual hedge funds can produce the huge spikes. It is highly manipulated, more often than other pairs.

Agree 100%
  • #353,794
  • Nov 21, 2013 2:24am Nov 21, 2013 2:24am
Quoting sakisf
GU is more pips per effort / trade. EU can be very stubborn and move between 20 pips for 2-3 days. AU on the other hand is good if you can follow a trade for days as once it begins a move it keeps it for days and then just changes direction for another few days for no apparent reason most of the time.
are you serious? EU is the best to scalp and swing. It can go one way a lot, but it will retrace. You do not worry about got stuck in wrong way, because it will retrace.

AU and GU on the other hand will keep going one way for a long time. If you get in the wrong way, you have to take a loss.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,795
  • Nov 21, 2013 2:36am Nov 21, 2013 2:36am
GU is so obviously manipulated to the upside right now that it's laughable.
  • #353,796
  • Nov 21, 2013 2:43am Nov 21, 2013 2:43am
Quoting aBitWonKy
{quote} some notes there too.... sorry it's EU but the subject followed the 'buy Euro' statement (which may still be correct - i dont think so tho). {image}
Sorry sir but I wouldn't say it's a flag. At least not on 5 min.
  • #353,797
  • Nov 21, 2013 3:00am Nov 21, 2013 3:00am
Quoting Ck87
GU is so obviously manipulated to the upside right now that it's laughable.
What are signs of manipulation?
The Market pays you to be disciplined
  • #353,798
  • Nov 21, 2013 3:26am Nov 21, 2013 3:26am
I'll leave that to you to figure out.

But I'm a moron for even trading GU, been saying for a while AU is the best pair to short out of all of them, and I Ignore my own advice. Retarded
  • #353,799
  • Nov 21, 2013 3:37am Nov 21, 2013 3:37am
Hello, the 'manipulators' are back lol - I wonder what the correlation is between those shouting manipulation and those in losing positions/losing on this pairing ? quite high I suspect ?

Is yesterday's daily candle a sign of things to come ? and if so were people saying that about the day before's, yesterday ? Daily still rangy in the box.

Best Wishes
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it's all gone a bit........
  • #353,800
  • Nov 21, 2013 3:40am Nov 21, 2013 3:40am
Quoting petetong
Hello, the 'manipulators' are back lol - I wonder what the correlation is between those shouting manipulation and those in losing positions/losing on this pairing ? quite high I suspect ? Is yesterday's daily candle a sign of things to come ? and if so where people saying that bout the day before's, yesterday ? Daily still rangy in the box. Best Wishes {image}

Still rangy for sure. Whether I make 100's of thousands trading or I lose, the reality is it's all manipulated. I know this. That's the real world and the world we live in.
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