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Cable Update (GBPUSD)

  • #360,281
  • Jan 23, 2014 12:53pm Jan 23, 2014 12:53pm
Quoting Davit
{quote} I am not happy with my trading.I overestimated USD.Honestly I did not expect this shooting up so ferociously.Now sadly watching my account drawdown getting bigger.

I'm in the same boat
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,282
  • Jan 23, 2014 12:57pm Jan 23, 2014 12:57pm
Quoting Davit
{quote} I am not happy with my trading.I overestimated USD.Honestly I did not expect this shooting up so ferociously.Now sadly watching my account drawdown getting bigger.
Look what most of traders did today and this week:

Attached Image (click to enlarge)
Click to Enlarge Name: EURo.jpg Size: 85 KB


All have loaded shorts: MASSIVE SHORT POSITIONS::::

WHAY???????

Euro is very strong and Dollar is very weak but you all are loading shorts!!!!!!


Look what is happening for Cable:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 161 KB


It is going up VERY SHARP At least to 1.72x


Keep your long and hesitate to load short on Fiber and Cable
  • #360,283
  • Jan 23, 2014 1:02pm Jan 23, 2014 1:02pm
Quoting Davit
{quote} I am not happy with my trading.I overestimated USD.Honestly I did not expect this shooting up so ferociously.Now sadly watching my account drawdown getting bigger.
Obviously I cannot see into the future, but the probabilities in my system are pointing at around 1.6650 to 1.6680 before a 3 wave (abc) retrace of approx 100-150 pips.
After that it's bullish again.
Those who say it cannot be done should not interrupt those who are doing it
  • #360,284
  • Jan 23, 2014 1:04pm Jan 23, 2014 1:04pm
This is a rampage day. I cant believe that some people are still holding GBP/USD short.
  • #360,285
  • Jan 23, 2014 1:06pm Jan 23, 2014 1:06pm
Quoting PipTrapper
{quote} Obviously I cannot see into the future, but the probabilities in my system are pointing at around 1.6650 to 1.6680 before a 3 wave (abc) retrace of approx 100-150 pips. After that it's bullish again.
The BOE is increasing the official bank rate. It means that Cable is going to the SKY.
  • #360,286
  • Jan 23, 2014 1:07pm Jan 23, 2014 1:07pm
Quoting PipTrapper
{quote} Obviously I cannot see into the future, but the probabilities in my system are pointing at around 1.6650 to 1.6680 before a 3 wave (abc) retrace of approx 100-150 pips. After that it's bullish again.

The likelyhood that will happen are high. But with market going this high tells us that this is not an ordinay day. Things could go wrong and for longer period of time, especially when a lot of people's stops can be taken out to go further up
  • #360,287
  • Edited 1:25pm Jan 23, 2014 1:11pm | Edited 1:25pm
I'm watching this trend channel on cable forming...

Anyone else seeing it or trading it right now?



GBP/USD - H8
Attached Image
Hear the music before the song is over ...
  • #360,288
  • Jan 23, 2014 1:12pm Jan 23, 2014 1:12pm
Quoting Maso
{quote} The BOE is increasing the official bank rate. It means that Cable is going to the SKY.
When is this happening?
  • #360,289
  • Jan 23, 2014 1:15pm Jan 23, 2014 1:15pm
Quoting Maso
{quote} The BOE is increasing the official bank rate. It means that Cable is going to the SKY.

Maso calm down ! Yes I know you are long and you want it to reach 2.50Good for you!
Fact is Carney mentioned 7% unemployment as target for interest rate possible raise but even that they made it clear its only an assessment level and threshold could be lowered to 6.5%
In trading, you have to be defensive and aggressive at the same time
  • #360,290
  • Jan 23, 2014 1:16pm Jan 23, 2014 1:16pm
Nothing else to see have to wait until Tokyo session will reverse the risk-off or continue.
  • #360,291
  • Jan 23, 2014 1:20pm Jan 23, 2014 1:20pm
Quoting _BBKing_
When i see this: {image} my reaction is: {image}
No, no it's all true
when the market is going up you buy
when the market is going down you sell

SIMPLE!

(except when it's not...)

just love these ads, they make me feel so, oh I dunno,

CONFIDENT!!!

lol
Come with me if you want to live....
  • #360,292
  • Jan 23, 2014 1:22pm Jan 23, 2014 1:22pm
AND we are off, let us see what buying at the top does us here! Bought on the break of this candle 1.6624

PS what is with all the bashing today? Lets see Bash it up bitches
Attached Image (click to enlarge)
Click to Enlarge Name: Selection_006.png Size: 14 KB
All posts are my personal opinion
  • #360,293
  • Jan 23, 2014 1:23pm Jan 23, 2014 1:23pm
Quoting _BBKing_
When i see this: {image} my reaction is: {image}

shame on them !
  • #360,294
  • Jan 23, 2014 1:25pm Jan 23, 2014 1:25pm
Quoting GlobalMacro
I'm watching this trend channel on cable forming... Anyone trading it right now? GBP/USD - H8 {image}
Remember this... I'm still in.. but I've revised my target to 1.67080
Attached Image (click to enlarge)
Click to Enlarge Name: GU 8H.png Size: 26 KB
  • #360,295
  • Jan 23, 2014 1:31pm Jan 23, 2014 1:31pm
Quoting GlobalMacro
{quote} So this thing takes off almost 1000 pips within 10 days....amazing.... spread 3x cable risk 2.5x
what do you think also check nzusd on the hour ,i mentioned this before i took a 52 pip profit before a triangle break out and looking to go long again now
  • #360,296
  • Jan 23, 2014 1:31pm Jan 23, 2014 1:31pm
Quoting JimmyC
{quote} Remember this... I'm still in.. but I've revised my target to 1.67080 {image}
and what about the channel?
Hear the music before the song is over ...
  • #360,297
  • Jan 23, 2014 1:34pm Jan 23, 2014 1:34pm
Quoting JimmyC
{quote} Remember this... I'm still in.. but I've revised my target to 1.67080 {image}
well done but be carefull over cooked now , i have scalped it 3 time at the top but now clear the usdchf is about to retrace could have an effect
  • #360,298
  • Jan 23, 2014 1:36pm Jan 23, 2014 1:36pm
Quoting GlobalMacro
{quote} and what about the channel?
We never do know do we... But this might have legs...

Over to you Sir
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 10 KB
  • #360,299
  • Jan 23, 2014 1:37pm Jan 23, 2014 1:37pm
Quoting elbert3
{quote} well done but be carefull over cooked now , i have scalped it 3 time at the top but now clear the usdchf is about to retrace could have an effect
* Hours is a long time to be wrong...
  • #360,300
  • Jan 23, 2014 1:44pm Jan 23, 2014 1:44pm
Quoting Rtm
AND we are off, let us see what buying at the top does us here! Bought on the break of this candle 1.6624 PS what is with all the bashing today? Lets see Bash it up bitches {image}
I did the opposite and went short at 6630 Very small S/L

Looking for a pullback to 1.65
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