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Cable Update (GBPUSD)

  • #357,801
  • Jan 9, 2014 12:37am Jan 9, 2014 12:37am
Morning, i think all us short sellers are llooking for the big short, i know i am, i had stops on the 50% fib off the 1.66high, i have moved my stop,,,,, cardinal sin i know, but oversold on most time frames now and just may be the golden number migh save us, good luck to the bears i know with reading the posts there will be traders doing the same as i did today,,,,,, broke the rule lets see if i get my hands slapped, any body doing the same
  • #357,802
  • Jan 9, 2014 12:41am Jan 9, 2014 12:41am
Quoting elbert3
Morning, i think all us short sellers are llooking for the big short, i know i am, i had stops on the 50% fib off the 1.66high, i have moved my stop,,,,, cardinal sin i know, but oversold on most time frames now and just may be the golden number migh save us, good luck to the bears i know with reading the posts there will be traders doing the same as i did today,,,,,, broke the rule lets see if i get my hands slapped, any body doing the same
Which area are you looking at for shorts now mate? 1.66 still?
  • #357,803
  • Jan 9, 2014 1:01am Jan 9, 2014 1:01am
GU M15

TL rejection with pin ...
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 47 KB
  • #357,804
  • Jan 9, 2014 1:03am Jan 9, 2014 1:03am
Quoting Griffo
{quote} Which area are you looking at for shorts now mate? 1.66 still?
at this time holding my shorts up ,there tight and killing me lol just need to give them a bit of slack
  • #357,805
  • Jan 9, 2014 1:07am Jan 9, 2014 1:07am
Quoting elbert3
{quote} at this time holding my shorts up ,there tight and killing me lol just need to give them a bit of slack

Same here Ive been shorting all the way from 1.57, DEEP in the red
  • #357,806
  • Jan 9, 2014 1:10am Jan 9, 2014 1:10am
Quoting elbert3
{quote} at this time holding my shorts up ,there tight and killing me lol just need to give them a bit of slack
I ended up closing mine the other day for a big loss. If i'd have hung onto them I would have ended up being able to close them lower (but still in the red). Oh well, onwards and upwards - managed to get around 20 winning trades yesterday (only small amounts) while scalping 5m TF on GBP/USD - still not made even half of what I lost back though
  • #357,807
  • Jan 9, 2014 1:21am Jan 9, 2014 1:21am
Quoting Griffo
{quote} I ended up closing mine the other day for a big loss. If i'd have hung onto them I would have ended up being able to close them lower (but still in the red). Oh well, onwards and upwards - managed to get around 20 winning trades yesterday (only small amounts) while scalping 5m TF on GBP/USD - still not made even half of what I lost back though
yes been doing the same , i had a big rr day last week so went in big on 2 shorts ,and 2 smaller ones, but have just made a couple of pips then, if we get a big drop brill, lets hope the golden number comes our way, we all want to think POSITIVE, sorry bulls
  • #357,808
  • Jan 9, 2014 1:37am Jan 9, 2014 1:37am
Quoting elbert3
{quote} yes been doing the same , i had a big rr day last week so went in big on 2 shorts ,and 2 smaller ones, but have just made a couple of pips then, if we get a big drop brill, lets hope the golden number comes our way, we all want to think POSITIVE, sorry bulls
Never mind! The good enough RR saves and increases the balance!!!
Anything is math!
  • #357,809
  • Jan 9, 2014 1:51am Jan 9, 2014 1:51am
Quoting veer2010
{quote} He didn't mentioned anything on the levels. But, told me it will take place in few hours. i will try to ask him for more if I get lucky..
Lets hope your pal is right about this sell off, really could do with it
  • #357,810
  • Jan 9, 2014 1:51am Jan 9, 2014 1:51am
GBPUSD
CONTRIBUTOR
DATE
ORDER
ENTRY
SL
TP1
TP2
TP3Trader
Jan 07
BUY LMT
<1.6337
1.6474
1.6316
-
-
Bank A/S
Jan 09
LONG LMT
@1.6405
1.6395
1.6558
-
-
Bank A/S
Jan 08
BUY LMT
@1.6350
1.6305
1.6580
-
-

Jan 09
BUY MKT
@1.6460
1.6435
1.6490
1.6525
1.6575
some other traders moves
Jan 08
BUY MKT
@1.6420
1.6395
1.6455
1.6490
1.6520
  • #357,811
  • Jan 9, 2014 1:54am Jan 9, 2014 1:54am
i had to take the bank names off, it is public info thou sorry it came out that way it looked ok before i posted it, the thing i noticed is none of them is up to the 1,66 level
  • #357,812
  • Jan 9, 2014 1:58am Jan 9, 2014 1:58am
Quoting elbert3
GBPUSD CONTRIBUTOR DATE ORDER ENTRY SL TP1 TP2 TP3Trader Jan 07 BUY LMT <1.6337 1.6474 1.6316 - - Bank A/S Jan 09 LONG LMT @1.6405 1.6395 1.6558 - - Bank A/S Jan 08 BUY LMT @1.6350 1.6305 1.6580 - - Jan 09 BUY MKT @1.6460 1.6435 1.6490 1.6525 1.6575 some other traders moves Jan 08 BUY MKT @1.6420 1.6395 1.6455 1.6490...
You or somebody other trade for you? If you dont have own notion, do not trade! You will lose your account within 6-8 months! It can be sooner! Raw statistics. This is my opinion and a good advice for You!
Anything is math!
  • #357,813
  • Jan 9, 2014 2:04am Jan 9, 2014 2:04am
GU H4 GMT+3

It is not too nice candle for us, bulls. Resistance rejection. Maybe after some retracement it can close above ~6464 to add one more long.
Invalidation if price could close under ~6382.

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 54 KB
Anything is math!
  • #357,814
  • Jan 9, 2014 2:11am Jan 9, 2014 2:11am
Quoting Kajos2250
{quote} You or somebody other trade for you? If you dont have own notion, do not trade! You will lose your account within 6-8 months! It can be sooner! Raw statistics. This is my opinion and a good advice for You!
no i am totaly in charge of my trades my money, i would not like to have any body lose my money, it is bad enough when i lose it LOL i was just sharing opinions of others, as you share yours, the more info we have from all parties the more of an informed opinion we can all have , then we have to make our own trades , be it right or wrong, if we all have the same train of thoughts there would be no ups and no downs,,, and that is the long and short of it,,,, sorry with respect
  • #357,815
  • Jan 9, 2014 2:31am Jan 9, 2014 2:31am
Quoting elbert3
{quote} no i am totaly in charge of my trades my money, i would not like to have any body lose my money, it is bad enough when i lose it LOL i was just sharing opinions of others, as you share yours, the more info we have from all parties the more of an informed opinion we can all have , then we have to make our own trades , be it right or wrong, if we all have the same train of thoughts there would be no ups and no downs,,, and that is the long and short of it,,,, sorry with respect
In my view, we have to know some signal well, with it's anticipated ability, with its invalidation momentum, from this all we have an RR. If it is good enought (more than 2), well chosed MM and guaranteed the increasing of account for long time! And listen to others opinion but not to be influenced by its in your strategy!
Anything is math!
  • #357,816
  • Jan 9, 2014 2:33am Jan 9, 2014 2:33am
Quoting elbert3
{quote} yes been doing the same , i had a big rr day last week so went in big on 2 shorts ,and 2 smaller ones, but have just made a couple of pips then, if we get a big drop brill, lets hope the golden number comes our way, we all want to think POSITIVE, sorry bulls
For sure, i'd love a nice big drop, but just can't see it happening for some reason! Especially with the news coming up all being pretty good regarding the forecasts.

With those orders that you posted earlier, it seems that people are buying still as well? Unless I interpreted it wrong!
  • #357,817
  • Jan 9, 2014 2:36am Jan 9, 2014 2:36am
GU H1

Bearish engulfing, inside bar in bullish trend. Hurting today's high will indicate more bulls to create 3rd wave up by my view!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh1.png Size: 55 KB
Anything is math!
  • #357,818
  • Jan 9, 2014 2:42am Jan 9, 2014 2:42am
looking back on the 4h 31st dec there might be a surport level there, if so we would like to think we just had a fake on the 50% fib who can tell it giving me a headache
  • #357,819
  • Jan 9, 2014 2:58am Jan 9, 2014 2:58am
Quoting Kajos2250
{quote} If i traded this signal i would do it like this way: {image} This signal just made me stronger to hold my longs! Sorry for my poor english
H1 inverse h&s is still alive! Tp2 is not booked
Anything is math!
  • #357,820
  • Jan 9, 2014 3:04am Jan 9, 2014 3:04am
Quoting elbert3
looking back on the 4h 31st dec there might be a surport level there, if so we would like to think we just had a fake on the 50% fib who can tell it giving me a headache
GU H4

I have 443 as a med. strength s/r ... so ... 443/470(JAN swing mid) no break no shake
Attached Image (click to enlarge)
Click to Enlarge Name: 443.PNG Size: 48 KB
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