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Cable Update (GBPUSD)

  • #361,021
  • Jan 28, 2014 3:34am Jan 28, 2014 3:34am
long 6558 sl on the open
  • #361,022
  • Jan 28, 2014 3:35am Jan 28, 2014 3:35am
Exactly as I said it , right now if you had bracketed the news (both short and long) you would be sitting on a loss. Very typical and predicatble of bankers
  • #361,023
  • Jan 28, 2014 3:35am Jan 28, 2014 3:35am
Yes Lets go Bears!Reality is there is no smoking gun for Bulls
In trading, you have to be defensive and aggressive at the same time
  • #361,024
  • Jan 28, 2014 3:36am Jan 28, 2014 3:36am
sell limit at 1.6617
  • #361,025
  • Jan 28, 2014 3:37am Jan 28, 2014 3:37am
GU 30 minutes

Notice this...?

Apparently the big money is buying the dips?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 30.png Size: 12 KB
  • #361,026
  • Jan 28, 2014 3:37am Jan 28, 2014 3:37am
Damn how fkin strong are these buyers geeze wtf kinda PA is this?
  • #361,027
  • Jan 28, 2014 3:39am Jan 28, 2014 3:39am
Quoting JimmyC
GU 30 minutes Notice this...? Apparently the big money is buying the dips? {image}

its being consumed bit by bit
In trading, you have to be defensive and aggressive at the same time
  • #361,028
  • Jan 28, 2014 3:39am Jan 28, 2014 3:39am
Quoting PoundTrader
{quote} look like she gonna break to the upside
Reload... it need another Weapons
Attached Image (click to enlarge)
Click to Enlarge Name: Wizards run out.jpg Size: 602 KB
Always looking the GREAT, never left GOOD Point...
  • #361,029
  • Jan 28, 2014 3:40am Jan 28, 2014 3:40am
For those stating that they are about to sell, I would suggest caution... the numbers out are in-line with the managed affair for Cable in the background.

Take a coffee, maybe even some lunch - relative to GMT, of course - and see how PA is come NY.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,030
  • Jan 28, 2014 3:40am Jan 28, 2014 3:40am
Those kinds of dips and spikes keep me out. Especially when the data doesn't support that type of movement,IMO.
  • #361,031
  • Jan 28, 2014 3:41am Jan 28, 2014 3:41am
Quoting JimmyC
GU 30 minutes Notice this...? Apparently the big money is buying the dips? {image}
Stopped out faster than one could look. This spike is really more than obvious.
Fix up, trade sharp ...
  • #361,032
  • Jan 28, 2014 3:41am Jan 28, 2014 3:41am
Quoting JimmyC
GU 30 minutes Notice this...? Apparently the big money is buying the dips? {image}
looks like short covering for me....0.7 is expected , market has already moved inaccordance to the expectation
  • #361,033
  • Jan 28, 2014 3:42am Jan 28, 2014 3:42am

Quoting Davit
{quote} its being consumed bit by bit

By profit taking... mixed market till FOMC
  • #361,034
  • Jan 28, 2014 3:43am Jan 28, 2014 3:43am
...lovely pin to try and capture stops on the DP, perhaps, and any traders following the short-term Guppy profile.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 76 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,035
  • Jan 28, 2014 3:45am Jan 28, 2014 3:45am
Likewise with EG - I hope - and thus breathing some life back into my longer-term short on this.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph1.png Size: 76 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,036
  • Jan 28, 2014 3:45am Jan 28, 2014 3:45am
Quoting 45Condor
...lovely pin to try and capture stops on the DP, perhaps, and any traders following the short-term Guppy profile. {image}
What MA's are those if you don't mind sharing? Reminds me of Spud's Stochastic...
  • #361,037
  • Jan 28, 2014 3:46am Jan 28, 2014 3:46am
Quoting IveGotQuads
Exactly as I said it , right now if you had bracketed the news (both short and long) you would be sitting on a loss. Very typical and predicatble of bankers
right you are. i did not enter market, it was no definite signal to me (no pivot broken, sma100 not touched etc).
fortis fortuna adiuvat
  • #361,038
  • Jan 28, 2014 3:47am Jan 28, 2014 3:47am
Quoting edindzeko
{quote} What MA's are those if you don't mind sharing? Reminds me of Spud's Stochastic...

Just classic Guppy.

Spud's stochastics... now there's an indicator that I haven't heard of in a long time. I may even have it stored somewhere in my indicator archive.

EDIT: Yeap... all the way back in 2009. When we were all that much younger, greener, more eager to endure a whole load of whoop ass from Forex.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,039
  • Jan 28, 2014 3:50am Jan 28, 2014 3:50am
Quoting 45Condor
...lovely pin to try and capture stops on the DP, perhaps, and any traders following the short-term Guppy profile. {image}

My guppy showing some firm down moves on 5min.Cleared all slow MA's
Guppy power!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.m5.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #361,040
  • Jan 28, 2014 3:55am Jan 28, 2014 3:55am
Quoting Davit
{quote} My guppy showing some firm down moves on 5min.Cleared all slow MA's Guppy power! {image}
If you shorting geppy right now thats a very nice risk to reward ratio maybe 3 to 1 with an adjusted 30 pip stop loss
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