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Cable Update (GBPUSD)

  • #354,781
  • Nov 28, 2013 5:43am Nov 28, 2013 5:43am
Quoting PipTrapper
{quote} I have already taken 50% profits from my two longs and set My SL in profit for the rest. I am ready at any time to start shorting, but I will not be doing it until normal liquidity levels return and USD has bottomed out on strong support. I also want to see lower highs and lower lows on smaller time frames with strong resistance holding before I risk any shorts. Until then I will be keeping what I have and watching developments. Ultimately, my next major downside target for this pair is 1.55xx. From there we shall see.
I doubt 1.55xx and I think we might have already said bye bye to that level.. I think 1.6xxx will become a strong support from here..can target 1.80 by june 2014.
  • #354,782
  • Nov 28, 2013 5:49am Nov 28, 2013 5:49am
Quoting PipTrapper
{quote} Yes we are entering heavy supply zone, but it is also a very wide supply zone (1.6345 to 1.6616) should be 1.6345 - 1.6452
and on top of that, where is the supply going to come from today or tomorrow with America eating turkey, shopping and sleeping... and the rest of the conservative trading world staying away due to the low liquidity? No no no...In the trading game,you need think irrational than rational

I would love to see Cable come crashing down. In fact even...
Do not give a care with those crowd numbers,It wont give you any help,dont let these numbers control your mind in trading
  • #354,783
  • Nov 28, 2013 5:51am Nov 28, 2013 5:51am
Quoting PipTrapper
{quote} I have already taken 50% profits from my two longs and set My SL in profit for the rest. I am ready at any time to start shorting, but I will not be doing it until normal liquidity levels return and USD has bottomed out on strong support. I also want to see lower highs and lower lows on smaller time frames with strong resistance holding before I risk any shorts. Until then I will be keeping what I have and watching developments. Ultimately, my next major downside target for this pair is 1.55xx. From there we shall see.
you have a very good ingredient for trading,it called patient,
but it would be good if you have a superb TA skills more and unfortunately you are too bias
hopes you dont mind with my words


Good luck
  • #354,784
  • Nov 28, 2013 5:54am Nov 28, 2013 5:54am
Quoting veer2010
{quote} I doubt 1.55xx and I think we might have already said bye bye to that level.. I think 1.6xxx will become a strong support from here..can target 1.80 by june 2014.
You might be right, but in this business it is dangerous to become polarized. I am just following my charts and looking at probabilities. If I am proven wrong, it does not mean I will feel it financially. A perfect example is visible in my posts from the last few days where I was saying that 1.6240 would hold resistance. Well it didn't, but I'm still making money because as soon as I was proven wrong, I bought cable.... and that is because I follow my charts.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,785
  • Nov 28, 2013 5:57am Nov 28, 2013 5:57am
Quoting DailyChart
{quote} you have a very good ingredient for trading,it called patient, but it would be good if you have a superb TA skills more and unfortunately you are too bias hopes you dont mind with my words Good luck
No I don't mind your words at all. I am only saying what I am seeing as higher probability. You may think I am biased, but I am not. I know it seems that way to you because I am making future projections, but that is how I view the market so that nothing will come as a surprise.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,786
  • Nov 28, 2013 5:59am Nov 28, 2013 5:59am
Well, let everyone do what they want man. Some are milking every little tiny swing because they are super pro and can breath with the market. Others have to wait until price is somewhere.
Best time to plant a tree was 20 years ago, second best is now
  • #354,787
  • Nov 28, 2013 5:59am Nov 28, 2013 5:59am
Quoting veer2010
{quote} I doubt 1.55xx and I think we might have already said bye bye to that level.. I think 1.6xxx will become a strong support from here..can target 1.80 by june 2014.
if I know where the price stop at next year then I am will become zillionaire now
  • #354,788
  • Nov 28, 2013 6:01am Nov 28, 2013 6:01am
Quoting PipTrapper
{quote} No I don't mind your words at all. I am only saying what I am seeing as higher probability. You may think I am biased, but I am not. I know it seems that way to you because I am making future projections, but that is how I view the market so that nothing will come as a surprise.
no no no...you are very bias man from since you running your euro thread but as i said lets forget it,you need to improve more your TA skills


btw,back to trading
  • #354,789
  • Nov 28, 2013 6:03am Nov 28, 2013 6:03am
Quoting DailyChart
{quote} if I know where the price stop at next year then I am will become zillionaire now
now you know the price :-)
  • #354,790
  • Nov 28, 2013 6:06am Nov 28, 2013 6:06am
Quoting veer2010
{quote} now you know the price :-)
I wont be shame to answer your question "I dont know"

But the People who can know where the price going in future one is always dissapear in the end
  • #354,791
  • Nov 28, 2013 6:08am Nov 28, 2013 6:08am
Quoting DailyChart
{quote} no no no...you are very bias man from since you running your euro thread but as i said lets forget it,you need to improve more your TA skills btw,back to trading
Quoting veer2010
{quote} now you know the price :-)


Okay boys... I'm done discussing the definition of bias and crystal ball predictions.
I am going out now to enjoy a nice day off while America eats turkey.

If some of you are trading today, I wish you the best.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,792
  • Nov 28, 2013 6:12am Nov 28, 2013 6:12am
Quoting DailyChart
{quote} I wont be shame to answer your question I dont know But the People who can know where the price going in future one is always dissapear in the end
lets see who disappears..ok?.. this is the pair i bought gbp/jpy at current price and my initial target is 170 and subsequently bullish..i am going to put a trailing stop once price reaches 170.. mark my words!
Attached Image (click to enlarge)
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  • #354,793
  • Nov 28, 2013 6:14am Nov 28, 2013 6:14am
Quoting veer2010
{quote} lets see who disappears..ok?.. this is the pair i bought gbp/jpy at current price and my initial target is 170 and subsequently bullish..i am going to put a trailing stop once price reaches 170.. mark my words! {image}
oh you talk about Pound versus Japanese yen/The beast,I thought you talk about cable
sorry about that
  • #354,794
  • Nov 28, 2013 6:25am Nov 28, 2013 6:25am
Quoting DailyChart
{quote} oh you talk about Pound versus Japanese yen/The beast,I thought you talk about cable sorry about that
no need to be sorry..i should have mentioned earlier :-). anyway going out now for my dinner..
  • #354,795
  • Nov 28, 2013 6:36am Nov 28, 2013 6:36am
Last year on thankgiving day USD went weak

so we may expect eur usd rise to 3665-75 levels

and gbp usd to 6380 levels

my level to short will be there else market is market

safe trading to all

The Phoenix Trader....
  • #354,796
  • Nov 28, 2013 7:07am Nov 28, 2013 7:07am
less dynamic trading today ...GBP sold USD in order to pass through 1.645 and thereafter....good timing ....
The Market pays you to be disciplined
  • #354,797
  • Nov 28, 2013 7:11am Nov 28, 2013 7:11am
Quoting akki300986
hope everyone is enjoying their gbpusd shorts.. i got out of my gbp/nzd tactical short on carneys press conf to put things onto perspective on changes in fls 1) BoE no longer supports fls for mortgage lending. where banks used to avail cheap financing from bae agaonst all the lending they have done for mortgages.. example. a bank lends 100 for mortgage at an interest rate 1%.. it then shows this lending record to BoE which lends bank 100 at 0.5%.. banks making 0.5% on that and this was keeping mortgage rates low.. 2) now banks can no longer be sure...
keep post bro,I am like your post very much
  • #354,798
  • Nov 28, 2013 7:37am Nov 28, 2013 7:37am
Quoting DailyChart
{quote} keep post bro,I am like your post very much
hey i am a girl!!!!
  • #354,799
  • Nov 28, 2013 7:40am Nov 28, 2013 7:40am
Quoting akki300986
{quote} hey i am a girl!!!!
ok sweety
  • #354,800
  • Nov 28, 2013 7:42am Nov 28, 2013 7:42am
Girls trading

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