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Cable Update (GBPUSD)

  • #359,101
  • Jan 17, 2014 7:22am Jan 17, 2014 7:22am
Quoting GlobalMacro
{quote} This has been a long journey and there has been a lot of naysayers along the way , mostly polite and honest, except for one twisted whacko who was eager to point out my 39 pips s/l....wonder why he didn't post my trade this time around....... but I digress.....in the end WE PREVAIL; The Trend Traders. And remember this: I don't want just a mere cake, I want the whole F$g bakery. Now onto the open position parameters.... Raising S/L up to 1.6340 and letting the long position run its course: LONG @ 1.6349 S / L : 1.6340 T / P : OPEN Cable...
you are calling someone a twisted whacko because of a post on your second losing trade in a row? very polite, indeed. your ego must be very weak.
but you prevail, bakery owner.
kindergarten...
fortis fortuna adiuvat
  • #359,102
  • Jan 17, 2014 7:33am Jan 17, 2014 7:33am
High probability short scalp remains..

Regards
  • #359,103
  • Jan 17, 2014 7:36am Jan 17, 2014 7:36am
careful, short term reversal on the 5 tf
Attached Image
  • #359,104
  • Jan 17, 2014 7:36am Jan 17, 2014 7:36am
@Whacko the twisted.......

In your very short time here you've been judging everybody's trades but not contributing any trade analysis of your own.

Get a life !
Hear the music before the song is over ...
  • #359,105
  • Jan 17, 2014 7:38am Jan 17, 2014 7:38am
Quoting acidguy
{quote} the start to the downtrend look definetely will be broken, maybe next week well hit 1.66 again and then 1.68, pound is a very speculative fueled currency, lets look at the historical charts and the news of this kind in the past, can make it rally hundreds of pip in short weeks period, dollar advance is surely going to cap it gains, maybe the top will in the 1.68 area before a correction. 1.6449 price now.
On June 19, 2008, retail sales were 3.5% vs -0.1% expected, and you know what happened a month after that.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.PNG Size: 64 KB
  • #359,106
  • Jan 17, 2014 7:40am Jan 17, 2014 7:40am
Quoting Carlicus
{quote} On June 19, 2008, retail sales were 3.5% vs -0.1% expected, and you know what happened a month after that. {image}
gonna be the same now
  • #359,107
  • Jan 17, 2014 7:41am Jan 17, 2014 7:41am
Quoting TauTrader
High probability short scalp remains.. Regards
TP ?
  • #359,108
  • Jan 17, 2014 7:45am Jan 17, 2014 7:45am
Quoting bonnzi
{quote} TP ?
Lower band - now in the region of 1.6400 to 1.6380
  • #359,109
  • Jan 17, 2014 7:47am Jan 17, 2014 7:47am
Quoting Carlicus
{quote} On June 19, 2008, retail sales were 3.5% vs -0.1% expected, and you know what happened a month after that. {image}
Have you sold your house yet and put all your money short cable?

Before you do, let me just remind you of something.

Correlation does not equal causation.
  • #359,110
  • Jan 17, 2014 7:48am Jan 17, 2014 7:48am
Quoting TauTrader
{quote} Lower band - now in the region of 1.6400 to 1.6380
my short is still a few pips underwater will see how it plays
  • #359,111
  • Jan 17, 2014 7:49am Jan 17, 2014 7:49am
Quoting Baggi
{quote} Have you sold your house yet and put all your money short cable? Before you do, let me just remind you of something. Correlation does not equal causation.
OK
  • #359,112
  • Jan 17, 2014 7:50am Jan 17, 2014 7:50am
Quoting Carlicus
{quote} On June 19, 2008, retail sales were 3.5% vs -0.1% expected, and you know what happened a month after that. {image}
Well unless you are suggesting the US and UK banking systems are about to go into meltdown again I cannot see such a dramatic scenario playing out again.

The retail figure actual and estimate are often completely different.
  • #359,113
  • Jan 17, 2014 7:52am Jan 17, 2014 7:52am
hey,
i'm new in forex
i have open a short trade on gbpusd who is actually positiv
do you think gbpusd is going up more than today or is just take profit by banks

thanks
sorry for my english isn't very good
  • #359,114
  • Jan 17, 2014 7:53am Jan 17, 2014 7:53am
TauTrader - Thanks.

Actually it wasn't the bottom indi I was interested in. I saw a chart of yours from some time ago which was H1 but with H4 TMA on it, but I notice a lot of your charts are M30. Would you suggest if say using M15 that TMA should be H1 or have you used M15 with M15 TMA as I noticed you mentioned scalps.

If you have no objection, I would appreciate your upper template and indi's with the settings you are using.
  • #359,115
  • Jan 17, 2014 7:56am Jan 17, 2014 7:56am
GU consolidating at the moment.

Actually on M15 time frame, a Master Candle has formed and the last 15 candles are IB's to that Master Candle.
  • #359,116
  • Jan 17, 2014 7:56am Jan 17, 2014 7:56am
Quoting sasastephe
hey, i'm new in forex i have open a short trade on gbpusd who is actually positiv do you think gbpusd is going up more than today or is just take profit by banks thanks sorry for my english isn't very good
Just hold a while and close in profit.

Done.
  • #359,117
  • Jan 17, 2014 8:03am Jan 17, 2014 8:03am
Quoting handy148
TauTrader - Thanks. Actually it wasn't the bottom indi I was interested in. I saw a chart of yours from some time ago which was H1 but with H4 TMA on it, but I notice a lot of your charts are M30. Would you suggest if say using M15 that TMA should be H1 or have you used M15 with M15 TMA as I noticed you mentioned scalps. If you have no objection, I would appreciate your upper template and indi's with the settings you are using.
Sir,

the top is only guiding. The meat is at the bottom.

I'm not willing to share the bottom part. Please understand.

the top section is useless without the bottom indi.

The old charts are not valid.

Regards
  • #359,118
  • Jan 17, 2014 8:09am Jan 17, 2014 8:09am
Quoting TauTrader
{quote} .............The meat is at the bottom. I'm not willing to share the bottom part. Please understand. ..................... Regards
Don't you even think about that, puuurrrrleeeez.

Thank you.
Hear the music before the song is over ...
  • #359,119
  • Jan 17, 2014 8:14am Jan 17, 2014 8:14am
Quoting Carlicus
{quote} On June 19, 2008, retail sales were 3.5% vs -0.1% expected, and you know what happened a month after that. {image}
was there something else going on around that time other than a good UK retail sales print ... let's think ....
  • #359,120
  • Jan 17, 2014 8:17am Jan 17, 2014 8:17am
Quoting Baggi
{quote} Have you sold your house yet and put all your money short cable? Before you do, let me just remind you of something. Correlation does not equal causation.
I'm sorry if my statement was somehow confusing. I posted that chart because acidguy wrote "lets look at the historical charts and the news of this kind in the past", and i just searched for the only similar data i found: a great figure vs bad expectations. But I don't think that the retail sales of june 2008 were the cause of the crysis haha good one
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