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Cable Update (GBPUSD)

  • #354,301
  • Nov 25, 2013 4:49pm Nov 25, 2013 4:49pm
Good Morning !
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD

http://www.forexfactory.com/showthre...24#post7113624
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #354,302
  • Nov 25, 2013 5:10pm Nov 25, 2013 5:10pm
Quoting Baggi
Oh my, look at those hourly tails. Three of the last four hours have quite long ones.

And another long tail on the hourly chart.

What does it portend?
  • #354,303
  • Nov 25, 2013 6:21pm Nov 25, 2013 6:21pm
Quoting Baggi
{quote} And another long tail on the hourly chart. What does it portend?
In this market the news drive the price. There have been so many hammers that did not lead to anything. If US does not disappoint down we go.
  • #354,304
  • Nov 25, 2013 6:39pm Nov 25, 2013 6:39pm
Quoting fxtyrant
{quote} ironically those who dont see, can think.... when something isnt clear, its probably best to step back and think a little bit first....
What a nob. You talk of Irony I will show you some pages back. I hope you heed well from your own advice boy.
  • #354,305
  • Nov 25, 2013 6:42pm Nov 25, 2013 6:42pm
Quoting Ill-b-back
{quote} Throw into the mix traders fooled by the mainstream media into thinking QE is going to come to an end anytime soon and there could be blood on the market streets. Bernanke has always maintained his position of data dependancy with regards to ending QE, but the media twisted and turned his words so much people could no longer fathom truth from fiction.
Yes sir, It could be quite the show, though I am hoping it is not, from my own pocket , I see your post, I would also like to see 1.57x I have had a tp there for weeks now....and let's not even start on geppy!
  • #354,306
  • Nov 25, 2013 6:47pm Nov 25, 2013 6:47pm
Quoting petetong
he's just sore cause he's been nursing short positions for a while as it has continued up...if they're not calling it names they're screaming manipulation lol...high correlation between traders with losing positions and those doing this....ie it's the market's fault not theirs...they are right the market must be wrong ! Best Wishes. {quote}
Dear Pete,

I think he's venting his frustration that we all feel now. I am in the losing camp also. I just don't think it's credible to slander the Great British Pound at the moment, what with other major currencies behaviour, actually as I write this and think about that, I make myself more concerned about my shorts.

Best Regards
  • #354,307
  • Nov 25, 2013 7:28pm Nov 25, 2013 7:28pm
Quoting Pumpndump
...I think he's venting his frustration ...Best Regards
Who is frustrated?Are you frustrated? You should know that frustration negatively effect mental health.
The Market pays you to be disciplined
  • #354,308
  • Nov 25, 2013 9:12pm Nov 25, 2013 9:12pm
Was trying to decide whether to sell my short and hold long for tonight, hold both, or go short.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.JPG Size: 163 KB


This is making me think we are in a standard deviation upward channel.
  • #354,309
  • Nov 25, 2013 9:53pm Nov 25, 2013 9:53pm
Gidday Baggi

Short an longs same chart

Yeah bad habit of mine which is hard to break.

Can get caught out

I did that in GBP/JPY

Not so bad if your trades are small ones
  • #354,310
  • Nov 25, 2013 9:53pm Nov 25, 2013 9:53pm
Quoting Baggi
Was trying to decide whether to sell my short and hold long for tonight, hold both, or go short...

Good for you. So many possibilities to chose from....
The Market pays you to be disciplined
  • #354,311
  • Nov 25, 2013 10:19pm Nov 25, 2013 10:19pm
Buy Stop 1.6166, s/l 1.6134, t/p 1.6198
  • #354,312
  • Nov 25, 2013 11:08pm Nov 25, 2013 11:08pm
Quoting Pumpndump
{quote} What a nob. You talk of Irony I will show you some pages back. I hope you heed well from your own advice boy.
Someone seems to be in a bad mood, calling me names and stuff...
show whatever you want, cuz you're muted i get to pick what i want to see from you
also my pass embarassments only shows im human and i too can get things wrong
sooo have a nice day.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #354,313
  • Nov 25, 2013 11:26pm Nov 25, 2013 11:26pm
Quoting Davit
Price is within a channel.True Bear is under 5860. I am short on GC on 6positions My thinking is Sterling has been severely overbought and market craves adjustment.We saw it today when even with negative data on US pending homes market just ignored it. {image}

Nice analysis, I have it heading lower from here Looking at 1.600 as a target. good luck.
  • #354,314
  • Nov 25, 2013 11:28pm Nov 25, 2013 11:28pm
Quoting Davit
Price is within a channel.True Bear is under 5860. I am short on GC on 6positions My thinking is Sterling has been severely overbought and market craves adjustment.We saw it today when even with negative data on US pending homes market just ignored it. {image}
soo, you're underwater by roughly 450 pips and looking for 200 pips in profit? ehhmm..

IMO thats seriously bad money management, why not take the loss and give it a try higher?
Patience is a virtue...
  • #354,315
  • Nov 25, 2013 11:31pm Nov 25, 2013 11:31pm
Quoting fxtyrant
{quote} Someone seems to be in a bad mood.... have a nice day.


Quoting Pumpndump
{quote} What a nob...
Are you going to put on youtube.com your fight and then here in FF?
The Market pays you to be disciplined
  • #354,316
  • Nov 25, 2013 11:52pm Nov 25, 2013 11:52pm
Quoting fxtyrant
{quote} Someone seems to be in a bad mood, calling me names and stuff... show whatever you want, cuz you're muted i get to pick what i want to see from you also my pass embarassments only shows im human and i too can get things wrong sooo have a nice day.

Maybe he wasn't calling you a noob but a Nob?

Where I come from, www.shadowclan.com, a Nob is an Orcish Chieftain that gets to kill all the dumb little Grunts and Gruntees that don't do what they are told.

Perhaps it was a compliment?

Just for future reference, if I call someone a Nob, it's Orcish for leader.
  • #354,317
  • Nov 25, 2013 11:56pm Nov 25, 2013 11:56pm
Quoting hadox
{quote} soo, you're underwater by roughly 450 pips and looking for 200 pips in profit? ehhmm.. IMO thats seriously bad money management, why not take the loss and give it a try higher?
People have different styles of trading imo what's important is he's making money in the long run. If he has positions underwater by that much maybe he added to his losing positions by small enough amounts that he isn't using to much leverage and selling only what he is able to. He's been trading a long time. I trust he has his own method of MONEY MANAGEMENT to trade in this manner. So saying he has bad mm isn't really fair. I've seen so many traders trade this way and the know what they're doing
  • #354,318
  • Nov 26, 2013 12:02am Nov 26, 2013 12:02am
Quoting Davit
Price is within a channel.True Bear is under 5860. I am short on GC on 6positions My thinking is Sterling has been severely overbought and market craves adjustment.We saw it today when even with negative data on US pending homes market just ignored it. {image}
Not a critic just for my own info, are you trading without SL ?

I am just asking because I am in the same boat (just less DD sold at 1.61) without SL and somehow wondering when should I decide there is no turning back

thanks
  • #354,319
  • Nov 26, 2013 12:10am Nov 26, 2013 12:10am
Do you all notice that, they just wipping off those who have set SL and pay for smaller group of people when they move?
Need to trade in a different manner......... and the question is how???????
Face both Win and Lose bravely
  • #354,320
  • Nov 26, 2013 12:16am Nov 26, 2013 12:16am
It is obvious that market makers are trying very hard to convince shorts to gave up ...shake out ....
The Market pays you to be disciplined
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