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Cable Update (GBPUSD)

  • #356,441
  • Dec 18, 2013 1:58pm Dec 18, 2013 1:58pm
Quoting buytosell
{quote} That is my belief that market makers know everything they need to know on time to run their business ...Well I was lucky that USDCHF went up first and GBPUSD went down first so I took some pips and exited before move on opposite direction.
well you had a plan, that's cool.
  • #356,442
  • Dec 18, 2013 2:05pm Dec 18, 2013 2:05pm
Quoting acidguy
{quote} did u notice eu bounced at 1.3810 resistance? i think this is an awesome opportunity for gu shorts.
Sir,

Still think we may go to 1.3840/1.3843 on EU - but placed my first GU short under resistance. Will see what it wants to do.. Will add shorts every 30 pips or so above - if she wants to shake out higher.

Regards
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  • #356,443
  • Dec 18, 2013 2:14pm Dec 18, 2013 2:14pm
It is low volume...no worth to enter trade...professionals withdraw themselves from the show...
There is a winner and a loser, nothing in between.
  • #356,444
  • Dec 18, 2013 2:20pm Dec 18, 2013 2:20pm
Quoting TauTrader
{quote} Sir, Just lucky.. but thank you. All the best

The last few days have been great.
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  • #356,445
  • Dec 18, 2013 2:25pm Dec 18, 2013 2:25pm
Today's daily candle, including the whick, ate up the last five days of down movement. Crazy.
  • #356,446
  • Dec 18, 2013 2:25pm Dec 18, 2013 2:25pm
Quoting theXfiles
{quote} The last few days have been great. {image}
Don't spend it all at once
  • #356,447
  • Dec 18, 2013 2:36pm Dec 18, 2013 2:36pm
Quoting ThisPip
{quote} Don't spend it all at once

Closed all.
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  • #356,448
  • Dec 18, 2013 3:07pm Dec 18, 2013 3:07pm
Quoting theXfiles
{quote} Closed all. {image}

out eu and gu shorts, has been a great day!!

looking for a retrace for new shorts, theres still a long way down euro/usd and g/u.
  • #356,449
  • Dec 18, 2013 3:15pm Dec 18, 2013 3:15pm
Quoting Baggi
Today's daily candle, including the whick, ate up the last five days of down movement. Crazy.

I don't know if you have but a look at the Yen and the Aussie against GU! Crazy range today. Did the same, retraced the last 5 days with big range and hasn't pulled back at all. The Aussie is getting kicked to the ground at the moment.
  • #356,450
  • Dec 18, 2013 3:20pm Dec 18, 2013 3:20pm
Hi All,

Taper is good for usd,right?BOE say higher pound isn't good for the economy boost.All frontline USD beat his opponent.Then why GBPUSD rising?
  • #356,451
  • Dec 18, 2013 3:25pm Dec 18, 2013 3:25pm
Quoting gstup
Hi All, Taper is good for usd,right?BOE say higher pound isn't good for the economy boost.All frontline USD beat his opponent.Then why GBPUSD rising?

Could be all kinds of things.

1) Could be the traders favorite excuse, manipulation. Banks and such have sold quite a bit over the last week. They took their profits and caused it to spike up. Now they'll begin selling again.
2) Could be there are deeper factors to each economy that are much more difficult to understand than the simple formula Taper+Desire=Direction. Just because the Fed Tapers and the English desire a weaker pound, doesn't mean you get the result you want. The English economy is doing well. Carney has stated no more QE. But most importantly, the US Stock market is climbing to all time highs. When you purchase a stock, it's similar to purchasing another currency. You get rid of your dollar for something else, in this case, stock, rather than the pound.
  • #356,452
  • Dec 18, 2013 3:25pm Dec 18, 2013 3:25pm
Quoting gstup
Hi All, Taper is good for usd,right?BOE say higher pound isn't good for the economy boost.All frontline USD beat his opponent.Then why GBPUSD rising?
It's called manipulation. Dude MM's abd Big Banks wants your money...


Trade safe.
  • #356,453
  • Dec 18, 2013 3:32pm Dec 18, 2013 3:32pm
sirs, were going down, gu 1.6300 looking very possible tomorrow looking at the steam eu is playing out.
for the most risky ones, what about a g/y short from these levels
  • #356,454
  • Dec 18, 2013 4:10pm Dec 18, 2013 4:10pm
As usual, I don't know where this is going. But I like the tails to the south. So I bought at 16385 (Although I started my buy at 16380 but did a market and ended up purchasing at that level).
  • #356,455
  • Dec 18, 2013 4:16pm Dec 18, 2013 4:16pm
Quoting PipTrapper
{quote}
good eve pip did you have a good day, i had to leave the arena and let the gladiators fight it out i left £1 open short it is still going,i think i will leave it there for a while, for prosperity LOL
  • #356,456
  • Dec 18, 2013 4:24pm Dec 18, 2013 4:24pm
Quoting elbert3
{quote} good eve pip did you have a good day, i had to leave the arena and let the gladiators fight it out i left £1 open short it is still going,i think i will leave it there for a while, for prosperity LOL
It's always a good day when the market moves
It's those stupid choppy days I hate.
Those who say it cannot be done should not interrupt those who are doing it
  • #356,457
  • Dec 18, 2013 7:18pm Dec 18, 2013 7:18pm
Quoting Trader88q
Market makers very slowly dropping short positions by hitting back the GU up. They are very very slowlly going down. If u looking at chart from monday it looks like we are not going down but we do. Market maker will try to hit back to 6350- 6370 tomorow after Bernanke speech. Who knows what will be but the fear is so big cause all those october, november, december market maker fcuk the traders in the side corrections 6260-5855. And after hit 6469. That killed a lot of traders who shorted at 6300. Now very the same we are at 6300 and bloody market...
Posted at 6275 level 34 hour ago, but nobody read that. That is the system of the market. U guys better read it 55 times if u still dont get what i try to recomend u.

That was clear that we will hit saw 6465. those smart guys who put SL at 6485 was thinking that its not gona hit but bloody market makers are real hunters. they killed many traders account in 12 hours and helped brokers to get their money. FX brokers work in one direction with market makers. Brokers show all volumes to market makers. All almost all major FX brokers do that.
  • #356,458
  • Dec 18, 2013 7:24pm Dec 18, 2013 7:24pm
My recomendation to all of you. Do your money managment so that and trade such to avoid margin call. The main idea is to avoid margin call. If u trade with small lots u will be able to avoid that. I do so and i am still on track. I may be wrong in -100 -200- 300 -500- 1000 points but that doesnt kill my account.
the trends are not the lines to infinity. GU returns time by time up and down. Remember spring 2013? we where at 4800 and some said we are going to 4300.
  • #356,459
  • Dec 18, 2013 7:26pm Dec 18, 2013 7:26pm
Dont short GU now. Cause market maker will take your blood again. Now need to rewait that period. There will be new fake signals at 6350 to short but i will not short now.
  • #356,460
  • Dec 18, 2013 7:28pm Dec 18, 2013 7:28pm
how about wait to the trend start before you short, stop trying to pick the top or bottom
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