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Cable Update (GBPUSD)

  • #355,661
  • Dec 9, 2013 6:12pm Dec 9, 2013 6:12pm
Just took out a grip of stops.
  • #355,662
  • Dec 9, 2013 6:13pm Dec 9, 2013 6:13pm
Could this be the move? That brings down the house
  • #355,663
  • Dec 9, 2013 6:16pm Dec 9, 2013 6:16pm
Quoting fxtyrant
{quote} hmmm im not surprised cuz i said so..... question is... will it break above and creating new highs to end the year? i wonder if TauTrader is still pissed at me....gave him a vouch the week before the vouching system got abolished and he was real thankful too.... oh wells... FUNDAMENTALLY guys... dont be betting on the Dollar on Taper Speculation, seen too much people (including myself) getting fried getting into the tapering bandwagon a little too early on just rumors and bluffs.... but trend on almost all risk assets EUR, GBP are still...
Dedication brings Satisfaction and Success.
  • #355,664
  • Dec 9, 2013 6:17pm Dec 9, 2013 6:17pm
Quoting NJaNeer
Could this be the move? That brings down the house
H4 is still strong long, M15 is on a rebound long.

Just a prime location for big money to keep longing it..............
The More You Learn, The More You Earn.....
  • #355,665
  • Dec 9, 2013 6:21pm Dec 9, 2013 6:21pm
Quoting forexalien
{quote} H4 is still strong long, M15 is on a rebound long. Just a prime location for big money to keep longing it..............

Very true, if this thing doesn't fall this week. I wouldn't expect a fall until last week of December.
  • #355,666
  • Dec 9, 2013 6:21pm Dec 9, 2013 6:21pm
wow surprise surprise.... new high for the year....
We live in a finite world with infinite possibilities.
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  • #355,667
  • Dec 9, 2013 6:52pm Dec 9, 2013 6:52pm
Quoting fxtyrant
wow surprise surprise.... new high for the year....


I have NETDANIA on my Iphone and it seems like every day I get a message about EUR and GBY pairs making yearly high. Oh well, let them push it as high as they want. I just move my Sell stop a little closer.
  • #355,668
  • Dec 9, 2013 7:04pm Dec 9, 2013 7:04pm
Quoting forexalien
{quote} We should add then, buy on the pauses that the market gives us. When price holds, keep buying............
Did you add some long as you suggested? I haven't... Target is still 1.6519
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  • #355,669
  • Dec 9, 2013 7:20pm Dec 9, 2013 7:20pm
Quoting Crazy-Trader
{quote} Did you add some long as you suggested? I haven't... Target is still 1.6519
I hear from London desk yesterday that they will be going short cable for month end fix. They will start shorting this from today.
  • #355,670
  • Dec 9, 2013 7:41pm Dec 9, 2013 7:41pm
Quoting veer2010
{quote} I hear from London desk yesterday that they will be going short cable for month end fix. They will start shorting this from today.
You heard from a London desk?

What does that even mean?
  • #355,671
  • Dec 9, 2013 7:45pm Dec 9, 2013 7:45pm
Quoting Baggi
{quote} You heard from a London desk? What does that even mean?
A desk located in London apparently? haha
  • #355,672
  • Dec 9, 2013 7:46pm Dec 9, 2013 7:46pm
Quoting Baggi
{quote} You heard from a London desk? What does that even mean?

Bank Traders, Market Makers

Sell Stop @ 1.64
  • #355,673
  • Dec 9, 2013 7:55pm Dec 9, 2013 7:55pm
Quoting veer2010
{quote} I hear from London desk yesterday that they will be going short cable for month end fix. They will start shorting this from today.

I will say almost all EUR GPY pairs look ripe for shorting atm, but we know what happens when we assume.
  • #355,674
  • Dec 9, 2013 8:08pm Dec 9, 2013 8:08pm
Quoting NJaNeer
{quote} I will say almost all EUR GPY pairs look ripe for shorting atm, but we know what happens when we assume.
yea no thanks. im not gona short against the trend. learned my lesson.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,675
  • Dec 9, 2013 8:11pm Dec 9, 2013 8:11pm
Quoting fxtyrant
{quote} yea no thanks. im not gona short against the trend. learned my lesson.

haha, set yourself up with a sell stop or keep going long.
  • #355,676
  • Dec 9, 2013 8:13pm Dec 9, 2013 8:13pm
Quoting Crazy-Trader
{quote} Did you add some long as you suggested? I haven't... Target is still 1.6519
I just rode the momentum up when I saw it was ready to go and called it out . I am not in the pound trade anymore.

H4 and h1 are showing long still

M15 is mixed and M5 is long.........
The More You Learn, The More You Earn.....
  • #355,677
  • Dec 9, 2013 8:20pm Dec 9, 2013 8:20pm
Quoting NJaNeer
{quote} haha, set yourself up with a sell stop or keep going long.
well ill probably long on dips if the dips occur when the trend remains intact.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,678
  • Dec 9, 2013 8:22pm Dec 9, 2013 8:22pm
CHF/JPY about to fly off the chart..

hrmm, I wonder how many lots I could have stacked on that one. Last two months have been silly, I added a position every day on the beginning of the new daily candle. Only two got stopped out...lol

edit: Beginning of November that is
  • #355,679
  • Dec 9, 2013 8:36pm Dec 9, 2013 8:36pm
Now I have to figure out when to buy more
  • #355,680
  • Dec 9, 2013 8:38pm Dec 9, 2013 8:38pm
On my weekly chart I have the 100 day moving average crossing the 200 day moving average.
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