seems like the best option for the time being is to short ucad.. couldn't find good price which i'm comfortable with on cable.. ucad as i see it at least in the upper zone of the price range.. shorted 0623 on ucad, right after the breakout of the small 4h flag/range..
Cable Update (GBPUSD)
- #355,842
- Dec 10, 2013 8:26am Dec 10, 2013 8:26am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
And Nav, as you've offended me let me tell you what a lot of others here think, [well the smart ones any way] about the way you trade - it's ridiculous ...I have lurked here for years and like your present short positions I have seen you hold on to losing trades for months (16months on one occasion) - which is fine as you are a long term trader....but what you don't get is: a. what has saved the majority of your trades over the last 5 years is the huge stops you apply and the continuation of the monthly ranging conditions / triangle - that has now...
first off!..im sorry for what i wrote..it was silly of me to type such a thing
I respect what u have typed, that is yur view
I cannot argue with it
- #355,844
- Dec 10, 2013 8:30am Dec 10, 2013 8:30am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #355,846
- Dec 10, 2013 8:42am Dec 10, 2013 8:42am
- Joined May 2009 | Status: Trader | 4,895 Posts
{quote} Yes, sir UCAD is returning from the sell zone and we may see 1.05956. It will be interesting to see if 1.0633 now holds as resistance. Regards {image}
let's just see will the 1h lead to 4h breakout.. lol.
- #355,847
- Dec 10, 2013 9:08am Dec 10, 2013 9:08am
- Joined May 2009 | Status: Trader | 4,895 Posts
since i am a technical trader, i'm not well aware on why the world dumping the USD.. anybody with sound knowledge of fundamental can explain this phenomena? what leads to traders choosing not to favor the USD and choosing more riskier assets (not true with swissy tho)? does Christmas come early this year? 
- #355,848
- Dec 10, 2013 9:19am Dec 10, 2013 9:19am
- Joined May 2009 | Status: Trader | 4,895 Posts
since i am a technical trader, i'm not well aware on why the world dumping the USD.. anybody with sound knowledge of fundamental can explain this phenomena? what leads to traders choosing not to favor the USD and choosing more riskier assets (not true with swissy tho)? does Christmas come early this year?
- #355,849
- Dec 10, 2013 9:28am Dec 10, 2013 9:28am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
Dollar Basket
4 Hour
Downside break of channel down
GU 4H
interesting
4 Hour
Downside break of channel down
GU 4H
interesting
- #355,852
- Dec 10, 2013 10:00am Dec 10, 2013 10:00am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #355,855
- Dec 10, 2013 10:05am Dec 10, 2013 10:05am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #355,856
- Dec 10, 2013 10:10am Dec 10, 2013 10:10am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} The fact that GU is retracing all the way back. It's false. If I get the right mix here, I'm golden. Just playing around, sir Regards
i actually think this is the top..1.6470 is a tough nut..if u remember back 16 months ago ..my long term target was actually 1.6470 ..i guess im not patient enough
^^%GGF market
the sum bitch rose the minute i started selling..haha
- #355,858
- Dec 10, 2013 10:17am Dec 10, 2013 10:17am
- Joined May 2009 | Status: Trader | 4,895 Posts
{quote} i actually think this is the top..1.6470 is a tough nut..if u remember back 16 months ago ..my long term target was actually 1.6470 ..i guess im not patient enough
- #355,859
- Dec 10, 2013 10:40am Dec 10, 2013 10:40am
- Joined May 2009 | Status: Trader | 4,895 Posts
if for some reason, ucad manage to break the support (discussed earlier), i don't think cable will retrace much.. thus i'm not being able to jump on the north train.. 