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Cable Update (GBPUSD)

  • #360,881
  • Jan 27, 2014 1:13pm Jan 27, 2014 1:13pm
Hi Tau

Hey can I be a Moron to
Attached Image
  • #360,882
  • Jan 27, 2014 1:26pm Jan 27, 2014 1:26pm
Quoting eliteincome
Hi Tau Hey can I be a Moron to {image}
Sir,

Easy - go with the flow.

Stunning baby troll you have there..

All the best
  • #360,883
  • Jan 27, 2014 1:26pm Jan 27, 2014 1:26pm
Quoting PipTrapper
{quote} Ha Ha. The morons who pull the strings change the priorities to suit them. What they feed us every day via the mainstream media is designed to fool us all. Actually they're not morons because they still manage to take money out of the pockets of 95% of retail traders. So it's begs the question "Who are the morons?". Unfortunately the answer is "Most of us lowly retail traders" ADD: By the way, the bears are headed right for a big ass trap which they will discover in the next few days. The smart ones will be looking to take profit and start...
Well, the news items have started rolling in:
-The Fed will taper no matter what.
-GS expects the Fed to blow off the recent figures and taper anyway....
Now as you mentioned, all we need is CNBC to come out screaming "Sell every rally"....
The US media is by far my favourite contra indicator,
When they say one thing and my chart says another,

it's payday....
Come with me if you want to live....
  • #360,884
  • Jan 27, 2014 1:41pm Jan 27, 2014 1:41pm
Quoting PayTheLimit
{quote} changed my mind again...sell 6583, risk 6591...
was gonna try for 6523, now me thinks 6463 is better...night
Look Sharp/Trade Tight
  • #360,885
  • Jan 27, 2014 1:42pm Jan 27, 2014 1:42pm
Quoting Ken A
{quote} The FED won't be able to stop printing
Haha

Meh = I play for tidbits...

All success
  • #360,886
  • Jan 27, 2014 1:53pm Jan 27, 2014 1:53pm
GU 1H

This seems to want to take its time... markets orders stops and limits placed.

Attached Image (click to enlarge)
Click to Enlarge Name: GU15.png Size: 11 KB


I need sleep...

Be well... African storm sweeping over my head - always helps me sleep

Inserted Video
  • #360,887
  • Jan 27, 2014 1:55pm Jan 27, 2014 1:55pm
Quoting TauTrader
{quote} I'm one of the " not so smart" ones then. Or in your opinion - A moron then... Whatevs
I think when the cable bottoms out, you will know it. Therefore you are not a moron... unless you keep selling when it does bottom out
Those who say it cannot be done should not interrupt those who are doing it
  • #360,888
  • Jan 27, 2014 1:55pm Jan 27, 2014 1:55pm
Quoting Ill-b-back
{quote} Well, the news items have started rolling in: -The Fed will taper no matter what. -GS expects the Fed to blow off the recent figures and taper anyway.... Now as you mentioned, all we need is CNBC to come out screaming "Sell every rally".... The US media is by far my favourite contra indicator, When they say one thing and my chart says another, it's payday....
Those who say it cannot be done should not interrupt those who are doing it
  • #360,889
  • Jan 27, 2014 1:57pm Jan 27, 2014 1:57pm
Quoting deltaone
{quote} mortui soli belli finem viderunt as long as there are markets, people will make predictions about future price levels. bulls and bears... best one can do is to switch of tv and to cancel newspaper-subsription.
Nah. I love listening to CNBC. They are the best indicator for me to do the opposite of what they say at least 80% of the time.
Those who say it cannot be done should not interrupt those who are doing it
  • #360,890
  • Jan 27, 2014 2:04pm Jan 27, 2014 2:04pm
Quoting Ill-b-back
{quote} Well, the news items have started rolling in: -The Fed will taper no matter what. -GS expects the Fed to blow off the recent figures and taper anyway.... Now as you mentioned, all we need is CNBC to come out screaming "Sell every rally".... The US media is by far my favourite contra indicator, When they say one thing and my chart says another, it's payday....
you are describing a scenario of the stock market. Take all retail traders out of the FX market, it still runs, it still functions in the same way as it usually does.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,891
  • Jan 27, 2014 2:10pm Jan 27, 2014 2:10pm
Quoting Baggi
{quote} Wow! If you can make 12% shorting an uptrend, imagine what you could make buying in an uptrend.

You are correct its an issue I have to overcome.Even when I buy its usually only U/CHF which basically means shorting EU
I just feel more comfortable selling then buying.I am working at this.Once GU comes down to 1.55 I'll start my longs.
Fundamentally Euro should be trading at 1.30 unless they can show real growth factors until then I'll be looking to short anything above 1.37.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #360,892
  • Jan 27, 2014 2:24pm Jan 27, 2014 2:24pm
Quoting JimmyC
{quote} Nope 3 candles and a retest... {image}
Stop
Attached Image (click to enlarge)
Click to Enlarge Name: GU15.png Size: 12 KB
  • #360,893
  • Jan 27, 2014 2:29pm Jan 27, 2014 2:29pm
Quoting ffleo
{quote} you are describing a scenario of the stock market. Take all retail traders out of the FX market, it still runs, it still functions in the same way as it usually does.
I'm not really sure what you are talking about.
I'm sharing my observations with regards to media recommendations and their I consistent deception/failure.
I have no doubt fx behaves more or less the same with or without us.
Come with me if you want to live....
  • #360,894
  • Jan 27, 2014 2:32pm Jan 27, 2014 2:32pm
I have to strengthening my longs, buy stops 6588, major resistance ~6700 is coming
Invalidation if H1 could close under ~6562.
M15 flag rises.

Good luck!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 78 KB
Click to Enlarge Name: gbpusdym15.png Size: 70 KB
Anything is math!
  • #360,895
  • Jan 27, 2014 3:04pm Jan 27, 2014 3:04pm
Just a smidgen higher for short?
Invalidated if 4hr close above the retest of the white I guess
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 36 KB
Come with me if you want to live....
  • #360,896
  • Jan 27, 2014 3:17pm Jan 27, 2014 3:17pm
.677, i think i just came. ohh what a sweet number.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,897
  • Jan 27, 2014 3:19pm Jan 27, 2014 3:19pm
Thank you all for this useful information
  • #360,898
  • Jan 27, 2014 3:53pm Jan 27, 2014 3:53pm
Quoting 110101
.677, i think i just came. ohh what a sweet number.
1.677 ?
  • #360,899
  • Jan 27, 2014 3:59pm Jan 27, 2014 3:59pm
Quoting Ken A
{quote} 1.677 ?

If it goes there i'm buying my wife a new car. lol
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,900
  • Jan 27, 2014 4:00pm Jan 27, 2014 4:00pm
GU still looking bullish, yet Im going to short.
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All posts are my personal opinion
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