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Cable Update (GBPUSD)

  • #353,821
  • Nov 21, 2013 4:55am Nov 21, 2013 4:55am
Loser-trader always accuse someone or something...As of this morning "manipulation of Market Makers " is on list as accused...Sometimes is Viagra...
The Market pays you to be disciplined
  • #353,822
  • Nov 21, 2013 4:56am Nov 21, 2013 4:56am
Quoting danzka
manipulated or not, the only thing I care is it is sideway or trending right now
This is a side-way move with huge range.
  • #353,823
  • Nov 21, 2013 5:11am Nov 21, 2013 5:11am
Quoting ravenbg
{quote} This is a side-way move with huge range.
If it is huge range then is it trend and in which time frame? How many pips is huge range?
The Market pays you to be disciplined
  • #353,824
  • Nov 21, 2013 5:25am Nov 21, 2013 5:25am
Quoting mima
{quote} If it is huge range then is it trend and in which time frame? How many pips is huge range?
If you do not know the meaning of range and trend then what are you doing at all.
  • #353,825
  • Nov 21, 2013 5:33am Nov 21, 2013 5:33am
Quoting ffleo
{quote} do not be so foolish. Someone from the Fed or ECB just need to open their mouth to say something.
Okay. The word manipulation infers that a bunch of big players get together and decide to fix exchange rates. Therefore I don't think manipulation is the right word to use. First of all it is highly illegal and unethical. Secondly it would take a conspiracy that would soon be exposed and therefore rendered useless.

I think the proper word for what is happening is "influenced"... in which case, I agree.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,826
  • Nov 21, 2013 5:36am Nov 21, 2013 5:36am
meantime back in the only world that matters lol...this is what I am see-ing on 1hr right now.

Best Wishes
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it's all gone a bit........
  • #353,827
  • Nov 21, 2013 5:38am Nov 21, 2013 5:38am
thank you mr. draghi
http://tc.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #353,828
  • Nov 21, 2013 5:43am Nov 21, 2013 5:43am
look...even one of those cited as being a ' manipulator ' very often ...losing in FX lol http://www.reuters.com/article/2013/...9AK01C20131121 '.... Goldman Sachs burned by bad currency bets in third quarter....' So if the manipulators are losing. god help us all lol !
it's all gone a bit........
  • #353,829
  • Nov 21, 2013 5:45am Nov 21, 2013 5:45am
there you go, like i said yesterday "Draghi rules out negative deposit rate- said cautious to not infer that"

must have got calls from germany asking wtf your boys saying, i will not tolerate negative deposit rate. BMW/AUDI will not Pay ECB for their cash deposit for ECB to pay Spain/Italy for their overdrafts..

g
  • #353,830
  • Nov 21, 2013 6:03am Nov 21, 2013 6:03am
Quoting ravenbg
{quote} If you do not know the meaning of range and trend then what are you doing at all.
I have no clue what can be for you "huge range" ...and in which time frame?

So:

Quoting mima
If it is huge range then is it trend and in which time frame? How many pips is huge range?
The Market pays you to be disciplined
  • #353,831
  • Nov 21, 2013 6:16am Nov 21, 2013 6:16am
Quoting mima
{quote} I have no clue what can be for you "huge range" ...and in which time frame? So: {quote}
~360 pips, daily/weekly TF
  • #353,832
  • Nov 21, 2013 6:27am Nov 21, 2013 6:27am
Good day,

Probably will go for 1.6160 - 1.6180. Nothing else for it to chase...

Earlier short was closed before the rise. Started short again from 1.6137.

Regards
Attached Image (click to enlarge)
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  • #353,833
  • Nov 21, 2013 6:55am Nov 21, 2013 6:55am
expecting resistance to hold, and PA to move to the bottom of the range.
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  • #353,834
  • Nov 21, 2013 7:09am Nov 21, 2013 7:09am
Quoting TauTrader
Good day, Probably will go for 1.6160 - 1.6180. Nothing else for it to chase... Earlier short was closed before the rise. Started short again from 1.6137. Regards {image}
Have shorted GBP too, expecting 6000 or even lower than 5900, safe enough if only it stayed below 6180-6200.
Believe what you see instead of what you think!
  • #353,835
  • Nov 21, 2013 7:18am Nov 21, 2013 7:18am
Quoting JasmineQu
{quote} Have shorted GBP too, expecting 6000 or even lower than 5900, safe enough if only it stayed below 6180-6200.

all the experienced trader have shorted unfortunately we are seeing a market condition where technicals are not being obeyed..market is simply buying pounds
  • #353,836
  • Nov 21, 2013 7:21am Nov 21, 2013 7:21am
Quoting nAVIN2007
{quote} all the experienced trader have shorted unfortunately we are seeing a market condition where technicals are not being obeyed..market is simply buying pounds
"Obey" is a very strong word!! for someone to lecture me on markets he should know markets never "OBEYS" anything.. at best "Follows"
  • #353,837
  • Nov 21, 2013 7:25am Nov 21, 2013 7:25am
Quoting akki300986
{quote} "Obey" is a very strong word!! for someone to lecture me on markets he should know markets never "OBEYS" anything.. at best "Follows"

dude u are completely talking rubbish honestly..u dont even know the difference between a technical trader and fundamental trader..ok i used the word obey..perhaps wrong but the bottom line is this currency is not respecting technicals at this point in time..

that has nothing to do with me not accepting what i see

fact is technical traders right now are getting killed ..why?
  • #353,838
  • Nov 21, 2013 7:31am Nov 21, 2013 7:31am
Quoting nAVIN2007
{quote} dude u are completely talking rubbish honestly..u dont even know the difference between a technical trader and fundamental trader..ok i used the word obey..perhaps wrong but the bottom line is this currency is not respecting technicals at this point in time.. that has nothing to do with me not accepting what i see fact is technical traders right now are getting killed ..why?
hey i dont know what ur problem is.. m sure we all can go back and check what we all wrote

U SAID - markets will humble him and eh has a HUGE ego ...

i - ignored - me being polite

U said - markets not obeying technicals
i - corrected and mentioned markets at best might follow fundamentals/technicals. it never obeys.. if it obeys anything, any fukr can read the law of obedience and make millions.. point i just corrected u. no insult thrown
u said - i dont even know the diff, talking rubbish etc etc


to be honest i have been insulted more by more people than i have probably insulted..


fact is technical traders right now are getting killed ..why? --- coz u guys are not respecting underlying fundamentals and hence they killing..

like i said use your technical s to trade in the direction of fundamentals but that would mean u figuring out the direction of fundamental!!!
  • #353,839
  • Nov 21, 2013 7:36am Nov 21, 2013 7:36am
Quoting akki300986
{quote} hey i dont know what ur problem is.. m sure we all can go back and check what we all wrote U SAID - markets will humble him and eh has a HUGE ego ... i - ignored - me being polite U said - markets not obeying technicals i - corrected and mentioned markets at best might follow fundamentals/technicals. it never obeys.. if it obeys anything, any fukr can read the law of obedience and make millions.. point i just corrected u. no insult thrown u said - i dont even know the diff, talking rubbish etc etc to be honest i have been insulted more by...

look man ..i dont know u ..im sorry but technical traders follow charts and fundamentalist dont need charts..charts are a leading indicator to the fundamentals..u cannot trade fundamentals short term and expect great results..

trading news is trading emotions..
im sorry i have upset u..not my intention..u have a great day!!..im off to work
  • #353,840
  • Nov 21, 2013 7:39am Nov 21, 2013 7:39am
I thought this would go down based on news.

I like reading the posts in this room when the market is slow - but why in the past week has there been so many arguments? Surely we are all here for a bit of light relief and to make money - i'm new - only been doing this for 4 months but surely we are all here to make money?
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