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Cable Update (GBPUSD)

  • #355,681
  • Dec 9, 2013 10:38pm Dec 9, 2013 10:38pm
Quoting Baggi
Now I have to figure out when to buy more
Time to sell cable.. not joking..
  • #355,682
  • Dec 9, 2013 10:41pm Dec 9, 2013 10:41pm
Quoting veer2010
{quote} Time to sell cable.. not joking..
no thanks this thing M15 has the momentum to get to 1.6480 before anything comes up...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,683
  • Dec 9, 2013 10:43pm Dec 9, 2013 10:43pm
Quoting veer2010
{quote} Time to sell cable.. not joking..

Why is it time to sell cable?
  • #355,684
  • Dec 9, 2013 10:44pm Dec 9, 2013 10:44pm
Quoting Baggi
{quote} Why is it time to sell cable?
im looking at the charts i dont see a reason to sell.
  • #355,685
  • Dec 9, 2013 10:47pm Dec 9, 2013 10:47pm
Well we can surely say this thing is definitely coming down sometime soon.. lol

I'm not sure why you would put a sell position though. Like fxtyrant said, this thing could go up enough to make you wanna cry.

Last major move down took two differet moves up for 300 pips roughly.
  • #355,686
  • Dec 9, 2013 10:47pm Dec 9, 2013 10:47pm
Quoting PoundTrader
{quote} im looking at the charts i dont see a reason to sell.
forget about charts.. London desk is going to short cable starting from today.... they are the ones behind recent cable move up.. so they are shorting this time for month end fix..
  • #355,687
  • Dec 9, 2013 10:48pm Dec 9, 2013 10:48pm
Quoting veer2010
{quote} Time to sell cable.. not joking..
i don't think so m8.. personally, i missed the train but i am looking forward for more bullish on cable to bring down EG
  • #355,688
  • Dec 9, 2013 10:50pm Dec 9, 2013 10:50pm
Quoting PoundTrader
{quote} im looking at the charts i dont see a reason to sell.
hehehe....absolutely...for now there no reason to sell..unless we see shoting at higher tf star or sumthing big resistance around 1.67-1.7.....
GBP still risk to test 1.67-1.7.....
Bismillah
  • #355,689
  • Dec 9, 2013 10:52pm Dec 9, 2013 10:52pm
Alright Veer, I took your advice and sold my position. Now I have no position in Cable.

I still think we will see the 1.6475 area before a retrace, but I don't need to be greedy and hit the top.

I do think I'll buy though on the dips.
  • #355,690
  • Dec 9, 2013 10:52pm Dec 9, 2013 10:52pm
Quoting veer2010
{quote} forget about charts.. London desk is going to short cable starting from today.... they are the ones behind recent cable move up.. so they are shorting this time for month end fix..
forget about chart eh.. even Gann himself unable to give that advise..
  • #355,691
  • Dec 9, 2013 10:58pm Dec 9, 2013 10:58pm
Quoting A-speculator
{quote} forget about chart eh.. even Gann himself unable to give that advise..
charting doesn't work when there is a motive behind.. I never asked to stop charting.. I said to forget it for now on this cable
  • #355,692
  • Dec 9, 2013 10:59pm Dec 9, 2013 10:59pm
Quoting A-speculator
{quote} forget about chart eh.. even Gann himself unable to give that advise..
yea i've put veer on temp ignore, cant take the word of people who claim they got news from a london desk.
i cant help but ask questions like which desk?
UBS? GS? DB?
i mean come on....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,693
  • Dec 9, 2013 10:59pm Dec 9, 2013 10:59pm
Until you see a 100 pip 4 hour candle I wouldn't even get excited about shorting.
  • #355,694
  • Dec 9, 2013 10:59pm Dec 9, 2013 10:59pm
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...
Sir,

My apology for being rude. Let us get along. I'll do my utmost.

All the best to you

Regards
  • #355,695
  • Dec 9, 2013 11:03pm Dec 9, 2013 11:03pm
Quoting TauTrader
{quote} Sir, My apology for being rude. Let us get along. I'll do my utmost. All the best to you Regards
Buddy dont worry too much, i do agree i have been a total wannabe, and i get burned for it. im still learning.
decided to learn to trade turhovach's THV system using the H4 chart with a volatility filter to tell if the trade is good to enter or not.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,696
  • Dec 9, 2013 11:04pm Dec 9, 2013 11:04pm
Quoting fxtyrant
{quote} yea i've put veer on temp ignore, cant take the word of people who claim they got news from a london desk. i cant help but ask questions like which desk? UBS? GS? DB? i mean come on....
in the GJ thread you can see my post where I had mentioned that GJ will touch 170 by second week of december.. I am not asking you to listen to my wordings.. I ofcourse ask people to trade what they believe.. so, peace :-)
  • #355,697
  • Dec 9, 2013 11:05pm Dec 9, 2013 11:05pm
Quoting fxtyrant
{quote} yea i've put veer on temp ignore, cant take the word of people who claim they got news from a london desk. i cant help but ask questions like which desk? UBS? GS? DB? i mean come on....
well, some came here to learn, some made mistakes and share their experience here.. i don't mind people viewing their views, no matter how absurd the ideas are.. some learnt it the hard way.. some gets bombarded with their ideas and i hope no one takes it personal..

this is free world mate and our community here is far less compared to eur thread.. guidance and be guided is the way to move forward. just my 2 cents.
  • #355,698
  • Dec 9, 2013 11:15pm Dec 9, 2013 11:15pm
Quoting TauTrader
Good day to you, I'm interested in selling as from 1.6460 - 1.6600 area. I believe we will see some relief lower going towards mid to late December and into Jan. A leg down in coming either later this month or into Jan. Red ovals indicate "double mid months" - 2 brown price level markers - not going to say more - but this normally indicates some relief against the current direction. Price may then go and visit 1.6172 and 1.5992. Let's see. Regards {image}
Good day to you,

I have placed my sell ( small) on the resistance. But will build a larger position as we go. 2 more entries planned till 1.6506. I have a first target of 1.6358 in mind and I believe keeping average price above this, would yield OK in the end. But momentum still with us to the upside. This will be a long term trade. Ultimately looking for 1.6172 and 1.5992

All the best
Attached Image (click to enlarge)
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  • #355,699
  • Dec 9, 2013 11:15pm Dec 9, 2013 11:15pm
Dear friends
I think its time to short GBP/USD now
I did it on price 1.6462
Planning to keep position until the end of US session

will update result at the end of us session ...
  • #355,700
  • Dec 9, 2013 11:17pm Dec 9, 2013 11:17pm
Quoting veer2010
{quote} in the GJ thread you can see my post where I had mentioned that GJ will touch 170 by second week of december.. I am not asking you to listen to my wordings.. I ofcourse ask people to trade what they believe.. so, peace :-)
yea buddy dont get me wrong, i put you on temp mute just for my sake, trust me because i got burned once from following someone who claimed they got news from a trading desk.

so my muting you is for my own sake.

dont worry i will still view your post. but im trying to make sure i have my own view and that i dont confuse myself from people's
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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