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Cable Update (GBPUSD)

  • #358,421
  • Jan 13, 2014 10:51pm Jan 13, 2014 10:51pm
Quoting ffleo
{quote} Soros broke the BOE once.

True but the conditions fundamentally stacked against the Pound at the time and Soros saw an opportunity.If the conditions were not right he would of lost badly.
In trading, you have to be defensive and aggressive at the same time
  • #358,422
  • Jan 13, 2014 10:53pm Jan 13, 2014 10:53pm
Quoting ffleo
{quote} Soros broke the BOE once. They just need to spike down cross the trendline, and the masses will reverse and follow
Yepp a broken trendline is what we need. What is the probability it will go up after a broken trendline south? People think like that and start pressing short.
  • #358,423
  • Edited 11:32pm Jan 13, 2014 10:56pm | Edited 11:32pm
Quoting elSueco
{quote} Yepp a broken trendline is what we need. What is the probability it will go up after a broken trendline south? People think like that and start pressing short.

No disrepect but seriously you should have healthy respect for the market.Have you seen evidence for Bear? Nope! so why are you shorting now!Move was at 6480 not at support where we are now.I had 12 shorts starting from 6480 area and closed them all today.WAit for higher up
Please read my signature
In trading, you have to be defensive and aggressive at the same time
  • #358,424
  • Jan 13, 2014 11:06pm Jan 13, 2014 11:06pm
The market would actually decide. But as it stands, the probability of GBPUSD going here is more compared to a bearish move. Let is keep our fingers crossed. Time will actually tell.
To become a better trader, think discipline.
  • #358,425
  • Jan 13, 2014 11:10pm Jan 13, 2014 11:10pm
Quoting ffleo
{quote} if they want to spike it down, both good data and bad data will do it. Data itself does not matter. They just need an excuse to trigger. Same for aussie.
Who are they?

Quote
Soros broke the BOE once. They just need to spike down cross the trendline, and the masses will reverse and follow

And another appearance of "they".

Who are "they"?
  • #358,426
  • Jan 13, 2014 11:14pm Jan 13, 2014 11:14pm
Quoting Baggi
{quote} Who are they? {quote} And another appearance of "they". Who are "they"?
people that move market
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,427
  • Jan 13, 2014 11:15pm Jan 13, 2014 11:15pm
Will get long even before LO if I see a entry here...

Watching 6370 and 6357
@pawpaw1000 on Twitter
  • #358,428
  • Jan 13, 2014 11:15pm Jan 13, 2014 11:15pm
Quoting Baggi
{quote} Who are they? {quote} And another appearance of "they". Who are "they"?

"They" means Market Makers / Big Players.


Regards
  • #358,429
  • Jan 13, 2014 11:16pm Jan 13, 2014 11:16pm
Quoting RavBRD
{quote} "They" means Market Makers / Big Players. Regards
I did not say market makers. market makers and market movers are not the same
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,430
  • Jan 13, 2014 11:24pm Jan 13, 2014 11:24pm
pending 63712
@pawpaw1000 on Twitter
  • #358,431
  • Jan 13, 2014 11:26pm Jan 13, 2014 11:26pm
Quoting pawpaw1000
pending 63712


Triggered, sl 68
@pawpaw1000 on Twitter
  • #358,432
  • Jan 13, 2014 11:27pm Jan 13, 2014 11:27pm
Quoting pawpaw1000
{quote} Triggered, sl 68


Out -3

Jumped the gun a bit on that entry...
@pawpaw1000 on Twitter
  • #358,433
  • Jan 13, 2014 11:30pm Jan 13, 2014 11:30pm
Quoting ffleo
{quote} people that move market
Ok, this question is going to be completely different from my last question.

Who are the people that move the market?
  • #358,434
  • Jan 13, 2014 11:33pm Jan 13, 2014 11:33pm
WOW!

Some people in and out of the market in less than 1....that's....one...whole minute !

Hopefully nothing else takes less than 1 minute for them............
Hear the music before the song is over ...
  • #358,435
  • Jan 13, 2014 11:34pm Jan 13, 2014 11:34pm
Quoting ffleo
{quote} if they want to spike it down, both good data and bad data will do it. Data itself does not matter. They just need an excuse to trigger. Same for aussie.
Hi all ,

agree with that
  • #358,436
  • Jan 13, 2014 11:35pm Jan 13, 2014 11:35pm
Quoting GlobalMacro
WOW! Some people in and out of the market in less than 1....that's....one...whole minute ! Hopefully nothing else takes less than 1 minute for them............
SEX
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,437
  • Jan 13, 2014 11:38pm Jan 13, 2014 11:38pm
Quoting Baggi
{quote} Ok, this question is going to be completely different from my last question. Who are the people that move the market?
hope you do not mind if I put you on ignore.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,438
  • Jan 13, 2014 11:39pm Jan 13, 2014 11:39pm
Quoting GlobalMacro
WOW! Some people in and out of the market in less than 1....that's....one...whole minute ! Hopefully nothing else takes less than 1 minute for them............
Yeah, that was a 3min trade with pending like you asked and levels before.

3 pip loss, doesn't matter, can make 25 trades like that and make it up with 1 winner.

Not saying much for your trade from Friday...
@pawpaw1000 on Twitter
  • #358,439
  • Jan 13, 2014 11:40pm Jan 13, 2014 11:40pm
Quoting Baggi
I don't expect another leg up or down to happen for another 8 or 9 hours. Until then we'll be tradinging in a range. Perhaps an hour before London open is when things will start to get interesting.

Hrmmmm, I wonder how long from now before London opens.....

  • #358,440
  • Jan 13, 2014 11:40pm Jan 13, 2014 11:40pm
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting GlobalMacro
WOW! Some people in and out of the market in less than 1....that's....one...whole minute ! Hopefully nothing else takes less than 1 minute for them............
What's wrong with that?
--- nothing to say ---
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