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Cable Update (GBPUSD)

  • #355,701
  • Dec 9, 2013 11:18pm Dec 9, 2013 11:18pm
Quoting fxtyrant
{quote} 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.
Good day to you, sir

Big of you. Thanks.

All the best with your system design and I wish you a positive outcome.

All success
  • #355,702
  • Dec 9, 2013 11:34pm Dec 9, 2013 11:34pm
Quoting TauTrader
{quote} 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 {image}
welcome to the bears club.
  • #355,703
  • Dec 9, 2013 11:41pm Dec 9, 2013 11:41pm
I'm not a bear yet, but I will consider taking a small short to the 1.6400 area. Maybe a little lower than that.

Then maybe reload long.
  • #355,704
  • Dec 9, 2013 11:54pm Dec 9, 2013 11:54pm
Quoting acidguy
{quote} welcome to the bears club.
Good day, Sir

We will have to see how this one plays out. I would rather see us going higher first, as short stops has now moved back to 1.6470 / 1.6480/1.6490 with a large lot @ 1.6500.

Should we drop to 1.6358 first - without going to 1.6490/1.6500 - we again may have a leg higher. Will have to watch PA to see the plan.

All the best
  • #355,705
  • Dec 10, 2013 12:08am Dec 10, 2013 12:08am
GU is pushed up by Euro which is pushed up by Yen
Key for GU and EU fall depends on YEN
Just take a look at GJ and EJ to see how retarded level both are and virtually no retrace.

To say both GU and Euro are overvalued are understatements.I am sure corrections are coming.Nothing goes up indolently on fluff
In trading, you have to be defensive and aggressive at the same time
  • #355,706
  • Dec 10, 2013 12:12am Dec 10, 2013 12:12am
Quoting Davit
GU is pushed up by Euro which is pushed up by Yen Key for GU and EU fall depends on YEN Just take a look at GJ and EJ to see how retarded level both are and virtually no retrace.
Davit what u think of USD/JPY shorts the EUR/JPY is @ 80 on the RSI (daily) LMFAO!!!!!!! AND no retrace HAHAHAH FML
  • #355,707
  • Dec 10, 2013 12:14am Dec 10, 2013 12:14am
Hi! I see 1.6526 1.6543 1.6573 on H4.

Today? to targets 1.6420-1.6412?
  • #355,708
  • Dec 10, 2013 12:16am Dec 10, 2013 12:16am
GBP/JPY 900 pips in less than 2 weeks LMFAO sometimes you have to sit and laugh
  • #355,709
  • Dec 10, 2013 12:17am Dec 10, 2013 12:17am
Quoting iNSIELD
{quote} Davit what u think of USD/JPY shorts the EUR/JPY is @ 80 on the RSI LMFAO!!!!!!! AND no retrace HAHAHAH FML

I am too committed on Euro and Swissy.Virtually all my margin.
Which leaves me nothing else to wager.
EJ is on steroids.I bet BOJ is aggressively buying the Euro up.I just don't see any sane person buying EJ now.Looks like a mount Everest!
My hands are tight...sadly
EJ is highest since 2008.Just unreal
In trading, you have to be defensive and aggressive at the same time
  • #355,710
  • Dec 10, 2013 12:19am Dec 10, 2013 12:19am
GU 1H

Break through key ST resistance and retest, what if it holds?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 28 KB
  • #355,711
  • Dec 10, 2013 12:24am Dec 10, 2013 12:24am
Quoting Baggi
I'm not a bear yet, but I will consider taking a small short to the 1.6400 area. Maybe a little lower than that. Then maybe reload long.

I momentarily considered taking a rather large position for 10-15 pips but discarded the idea.

Oh well, as long as I'm making enough money for a cheeseburger and fries tomorrow.
  • #355,712
  • Dec 10, 2013 12:29am Dec 10, 2013 12:29am
Something is wrong EUR/JPY fell 15 pips.....
  • #355,713
  • Dec 10, 2013 12:30am Dec 10, 2013 12:30am
GU1 Now I'm waiting 1.6429...

may be 1.6409
  • #355,714
  • Dec 10, 2013 12:45am Dec 10, 2013 12:45am
Good day,

Price tends to move in legs - little up, little down, more up, more down - i'm sure she does not want too many longs riding the tailcoat either - so may stop out a few longs first @ 1.6430 to 1.6410 before again moving north. I may ride both ways here..

Regards
  • #355,715
  • Dec 10, 2013 12:47am Dec 10, 2013 12:47am
Its better wait now for a correction and then only buy. Just dont enter now. Both longs and shorts now are gambling. I will long at 6200
  • #355,716
  • Dec 10, 2013 12:48am Dec 10, 2013 12:48am
Quoting NJaNeer
Something is wrong EUR/JPY fell 15 pips.....
really? all i know is 15 pips down on EURJPY is nothing.... now its up....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,717
  • Dec 10, 2013 12:56am Dec 10, 2013 12:56am
Quoting TauTrader
Good day, Price tends to move in legs - little up, little down, more up, more down - i'm sure she does not want too many longs riding the tailcoat either - so may stop out a few longs first @ 1.6430 to 1.6410 before again moving north. I may ride both ways here.. Regards
Yip,

I believe the plan is to retrace for another long. Shorts stops are increasing @ 1.6500. I'm out of the earlier short for 4 pips and will long towards 1.6500 - then short. Do not think we will go lower than 1.6410 here

Regards
  • #355,718
  • Dec 10, 2013 1:01am Dec 10, 2013 1:01am
what will you do if we will go lower than 6410?
when price broke 6260 most of us didnt believe that it will go to 6460. but +200 pips up. i think pound will go one more +200 to 6600-6700 or even 6900 and 7000
  • #355,719
  • Dec 10, 2013 1:04am Dec 10, 2013 1:04am
Quoting Trader88q
what will you do if we will go lower than 6410? when price broke 6260 most of us didnt believe that it will go to 6460. but +200 pips up. i think pound will go one more +200 to 6600-6700 or even 6900 and 7000
for me, i will look at the next dip and the conditions, whether the next dip has turned the direction of the trend. if it hasnt, ill be longing the dip.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,720
  • Dec 10, 2013 1:05am Dec 10, 2013 1:05am
Quoting Trader88q
what will you do if we will go lower than 6410? when price broke 6260 most of us didnt believe that it will go to 6460. but +200 pips up. i think pound will go one more +200 to 6600-6700 or even 6900 and 7000
If we go lower than 1.6410 and the status is still the same in terms of stops, I'll obviously add long.

Regards
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