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Cable Update (GBPUSD)

  • #360,981
  • Jan 27, 2014 11:42pm Jan 27, 2014 11:42pm
Quoting iNSIELD
{quote} Slim its hard to see Carney raising rates and this going higher most of the things he required to raise rates have happened and now he is changing his guidelines so that he dosen't have too I think the risk is for down unless the GDP is obscenly good fundamentals win out in this case looking at the other GBP crosses I think the GBP is coming to the end of its bullish move
That was at least a decent reply. Thank you.

You might keep in mind that I didn't make a" forecast". I would rather wait until
further data.

best
When the Joker is in the deck.. fear not and play it well
  • #360,982
  • Jan 27, 2014 11:45pm Jan 27, 2014 11:45pm
today is a news analysis ...but it\s seems the GDP is higher than expected
  • #360,983
  • Edited Jan 28, 2014 12:25am Jan 27, 2014 11:45pm | Edited Jan 28, 2014 12:25am
Quoting Tsar
{quote} Good Night for you, Tau. Patient is IMPORTANT ! Wait Cable touch in Price 1.6635 first / LONDON Market's closed.
Market today ?



Inserted Video
Always looking the GREAT, never left GOOD Point...
  • #360,984
  • Jan 27, 2014 11:48pm Jan 27, 2014 11:48pm
Quoting ffleo
{quote} why would it take 3 years for your divergence to get real? You have both a big mouth and a wrong divergence indicator. {image}

What...... you can't read a simple chart ???? !!!!!

Just for you I'll try and make it a bit mor clear.
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When the Joker is in the deck.. fear not and play it well
  • #360,985
  • Jan 27, 2014 11:54pm Jan 27, 2014 11:54pm
Quoting Slim Buffett
{quote} What...... you can't read a simple chart ???? !!!!! Just for you I'll try and make it a bit mor clear. {image}
Hey Slimbo.

Ya know what is missing from your chart?

A trade.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,986
  • Jan 27, 2014 11:59pm Jan 27, 2014 11:59pm
Quoting Slim Buffett
{quote} {quote} Exactly. Why can't YOU see that rather than ....................... well, you get it. btw.... who have I insulted......... other than someone's very large ego????
Fcuk, are you on medication?
you direct the title of "Lame Mofo" towards Davit, and you ask who have you insulted??

lol,

and yet the slightest negative connotation towards you is met with spring loaded sensitivity.

Davit and many other FF traders are right, the iggy list is the best place for you...
Come with me if you want to live....
  • #360,987
  • Jan 28, 2014 12:01am Jan 28, 2014 12:01am
Quoting Magix
{quote} Hey Slimbo. Ya know what is missing from your chart? A trade.
I'm merely waiting on Mr. magico to correct me in my misgivings.
And of course couldn't understand why I don't have a trade posted
in a chart meant for demonstration.

Typical though...... magico

Ya' ain't got it like ya';think ya' do ?


just asking...
When the Joker is in the deck.. fear not and play it well
  • #360,988
  • Jan 28, 2014 12:04am Jan 28, 2014 12:04am
Quoting Slim Buffett
{quote} I'm merely waiting on Mr. magico to correct me in my misgivings. And of course couldn't understand why I don't have a trade posted in a chart meant for demonstration. Typical though...... magico Ya' ain't got it like ya';think ya' do ? just asking...
Show us a trade, Ace.

K?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,989
  • Jan 28, 2014 12:27am Jan 28, 2014 12:27am
I come here for some other traders thoughts on the GBP and find nothing but school kids arguing.
  • #360,990
  • Jan 28, 2014 12:28am Jan 28, 2014 12:28am
Quoting taomql4
{quote} It's NOT exactly out of the woods Yet !! Marked the daily demand a few days back , and am not too sure it has enough MOjo .. I 'm looking for weakness to show it's ugly head on 4 hr chart , and I SHORT the b*tch .. {image} {image}
Hi tao,

Your avatar really so Sweetieeee
Always looking the GREAT, never left GOOD Point...
  • #360,991
  • Jan 28, 2014 12:31am Jan 28, 2014 12:31am
Quoting Wrongholio
I come here for some other traders thoughts on the GBP and find nothing but school kids arguing.
And Wrongholio is the nick you picked?



Must be a pretty serious fella, with a nick coined by beavis n butthead...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,992
  • Jan 28, 2014 12:35am Jan 28, 2014 12:35am
Quote
And Wrongholio is the nick you picked?



Must be a pretty serious fella, with a nick coined by beavis n butthead...


For starters the Beavis and Butthead saying was cornholio and second it was my high school nickname for reasons u may speculate on.
  • #360,993
  • Jan 28, 2014 12:38am Jan 28, 2014 12:38am
Hello GBP/US

There was a lot off posts about 1.64 then 1.625 etc

A we burst an we could reach 1.67+

Thought they did not want a strong pound:nerd:
  • #360,994
  • Jan 28, 2014 12:42am Jan 28, 2014 12:42am
Quoting Wrongholio
{quote} For starters the Beavis and Butthead saying was cornholio and second it was my high school nickname for reasons u may speculate on.
Well, wrongholio..

For reasons we shall silently speculate on...

Sit back and relax.

Slim was about to show us the convictions in his technical analysis with some of his trades.

Right Slim?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,995
  • Jan 28, 2014 12:57am Jan 28, 2014 12:57am
Quoting eliteincome
Hello GBP/US There was a lot off posts about 1.64 then 1.625 etc A we burst an we could reach 1.67+ Thought they did not want a strong pound:nerd:
well, at some point from here to the next decade we should hit that so we are still right blabla...

so easy to trade cable even if you are wrong, so dont assume shorting has been wrong, 1 2 3 exit strategy with this pair is working better than many things
http://www.forexfactory.com/showthread.php?t=250785

and pls dont cut your losses, just magnifice your winnings,
i have like 650 pips against me right now in different shorts of gu but thanks that i have been also to make like 2300 pips in favor of me shorting aggresive uptrend spikes,

no ones really knows where this pair will end up, maybe well reach 2.0 end of this year, maybe 1.45 , just play the market and win safely but big.
  • #360,996
  • Jan 28, 2014 1:03am Jan 28, 2014 1:03am
Howzit GU!

Some themes... The Fed, Mrs Yellen wants the party to carry on, she's just not filling the punch-bowl up as much as Ben...
Emerging Market weakness is causing some volatility in Global markets... EM bears are out China is growing (slower)
Carney is not going to raise interest rates regardless of his guidance (he said so)
The VIX is showing a bit of trader bliss

Germans just posted a spot of a miss

Event risks GBP GDP and Services numbers and beware (FOMC tomorrow)

DXY Daily

Channel UP....
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  • #360,997
  • Jan 28, 2014 1:08am Jan 28, 2014 1:08am
Quoting Magix
{quote} Sit back and relax. Slim was about to show us the convictions in his technical analysis with some of his trades. Right Slim?
Technical Analysis you want, here is mine.

I identified an UP trend on the Weekly chart, no need to post that as you can check your own & report your findings.

After observing a 50% pull back, confirmed, on the 4 H chart, I entered long yesterday.

To allow the trade some room, I used 100 pip stop loss & 200 pip take profit target.

However, the take profit is outside an Average Weekly Range so I will monitor closely on Thursday & Friday assuming not stopped out before.

Probably go to Break even stop when 100 pips in profits, about 80 now.

Thanks for any observations, comments, criticisms, suggestions, John

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It takes a lot for me to IGNORE you, but you can try.
  • #360,998
  • Jan 28, 2014 1:34am Jan 28, 2014 1:34am
Awaiting retracement for further longs
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  • #360,999
  • Jan 28, 2014 1:36am Jan 28, 2014 1:36am
Quoting JimmyC
Howzit GU! Some themes... The Fed, Mrs Yellen wants the party to carry on, she's just not filling the punch-bowl up as much as Ben... Emerging Market weakness is causing some volatility in Global markets... EM bears are out China is growing (slower) Carney is not going to raise interest rates regardless of his guidance (he said so) The VIX is showing a bit of trader bliss Germans just posted a spot of a miss Event risks GBP GDP and Services numbers and beware (FOMC tomorrow) DXY Daily Channel UP.... {image}
GU 4H
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  • #361,000
  • Jan 28, 2014 1:37am Jan 28, 2014 1:37am
Quoting Erebus
{quote} Technical Analysis you want, here is mine. I identified an UP trend on the Weekly chart, no need to post that as you can check your own & report your findings. After observing a 50% pull back, confirmed, on the 4 H chart, I entered long yesterday. To allow the trade some room, I used 100 pip stop loss & 200 pip take profit target. However, the take profit is outside an Average Weekly Range so I will monitor closely on Thursday & Friday assuming not stopped out before. Probably go to Break even stop when 100 pips in profits, about 80 now....

Hi Erebus
Based on your chart you are already in profit thus why not move your SL to protect some profits and let the trade go as far it will?Your SL is below your entry.
One of the cardinal Don't in trading is turning a winner into a loser.Breaking even after 100pips is what I don't understand.Allowing profit to dwindle to BE is also a loss in terms of time invested and effort.
Regards
In trading, you have to be defensive and aggressive at the same time
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