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Cable Update (GBPUSD)

  • #361,201
  • Jan 29, 2014 3:08am Jan 29, 2014 3:08am
Quoting Ill-b-back
{quote} Damn PT you know I hate how you do this when I just went short off 1.66
Gonna be short from here, you are in rite position.
  • #361,202
  • Jan 29, 2014 3:11am Jan 29, 2014 3:11am
Quoting Ill-b-back
{quote} Damn PT you know I hate how you do this when I just went short off 1.66
lol, im just trading the new system i build, it could be wrong, just have to wait and see
  • #361,203
  • Jan 29, 2014 3:12am Jan 29, 2014 3:12am
Seems the bulls arent giving up without a fight
  • #361,204
  • Jan 29, 2014 3:15am Jan 29, 2014 3:15am
Quoting IveGotQuads
Seems the bulls arent giving up without a fight
For anyone who wanted to short that was the spot. Will the short have legs, it is another question.
  • #361,205
  • Jan 29, 2014 3:15am Jan 29, 2014 3:15am
Quoting a16908
{quote} Gonna be short from here, you are in rite position.
http://www.easyfreesmileys.com/smile...mileys-312.gif
  • #361,206
  • Jan 29, 2014 3:21am Jan 29, 2014 3:21am
Quoting grin
{quote} For anyone who wanted to short that was the spot. Will the short have legs, it is another question.
yeah probably a 75% chance of skinning cable for 40 pips at least. If you went short Aud/Jpy even better combination for early pips this morning.
  • #361,207
  • Jan 29, 2014 3:22am Jan 29, 2014 3:22am
Quoting IveGotQuads
Seems the bulls arent giving up without a fight

wait until Carney opens his mouth at 7am
Lets put this in logical context

1.Euro zone=high unemployment and growing bigger,slow stagnated economies Italy,Greece,Portugal pretty much are liabilities.
What can rescue the Euro zone?Low interest rates and low currency

2.UK getting sluggishly above rescission but still very fragile.
UK biggest trading partner Euro zone.What really scares Carney is Housing bubble and very high household debt.High interest rate without solid jobs specially in manufacturing results constricting economy not expanding.

High currency+Cheap Euro does not equal prosperity for UK.Pretty bad scenario for exports.
Solution? Parity with Euro.If Euro drops pound will follow.

How was this simple deduction Pound Trader
In trading, you have to be defensive and aggressive at the same time
  • #361,208
  • Jan 29, 2014 3:22am Jan 29, 2014 3:22am
what are you guys thoughts on the USD vs GBP ?
  • #361,209
  • Jan 29, 2014 3:28am Jan 29, 2014 3:28am
Quoting allisonmagic
what are you guys thoughts on the USD vs GBP ?
my thoughts are it's gonna move up and down, JK. i think bulls are still in play but getting weaker at the moment no strong signs of a downtrend so be caution and trade with the trend
  • #361,210
  • Jan 29, 2014 3:29am Jan 29, 2014 3:29am
Quoting Davit
{quote}High currency+Cheap Euro does not equal prosperity for UK.Pretty bad scenario for exports. Solution? Parity with Euro.If Euro drops pound will follow. How was this simple deduction Pound Trader
Fine for macro trades.
  • #361,211
  • Jan 29, 2014 3:31am Jan 29, 2014 3:31am
Quoting Davit
{quote} wait until Carney opens his mouth at 7am Lets put this in logical context 1.Euro zone=high unemployment and growing bigger,slow stagnated economies Italy,Greece,Portugal pretty much are liabilities. What can rescue the Euro zone?Low interest rates and low currency 2.UK getting sluggishly above rescission but still very fragile. UK biggest trading partner Euro zone.What really scares Carney is Housing bubble and very high household debt.High interest rate without solid jobs specially in manufacturing results constricting economy not expanding....
this might surprise you but i have never look at any news since i started trading unless i hear about a bomb or something crazy happeing i pay little attention to news well i might glance at the numbers but nothing to make me trade on
  • #361,212
  • Jan 29, 2014 3:33am Jan 29, 2014 3:33am
Quoting PoundTrader
{quote} this might surprise you but i have never look at any news since i started trading unless i hear about a bomb or something crazy happeing i pay little attention to news

I believe you but you must feel slightly nervous with your longs with feds and Carney on the cards.No?
I know you are a trend trader and I respect that but true also every trend ends and new one begins...
In trading, you have to be defensive and aggressive at the same time
  • #361,213
  • Jan 29, 2014 3:37am Jan 29, 2014 3:37am
Quoting PoundTrader
{quote} my thoughts are it's gonna move up and down, JK. i think bulls are still in play but getting weaker at the moment no strong signs of a downtrend so be caution and trade with the trend

lol for sure, thanks for the subtle insight with the fomc rate decision and taper news coming out, bitchnankie dropping out of his position it's lookin kinda sketchy. can't wait to see what the market's reaction will be over the next month
  • #361,214
  • Jan 29, 2014 3:38am Jan 29, 2014 3:38am
Quoting Davit
{quote} I believe you but you must feel slightly nervous with your longs with feds and Carney on the cards.No?
the day trading makes me nervous will be the day i retire from trading, serious tho this is why S/L was invented
  • #361,215
  • Jan 29, 2014 3:39am Jan 29, 2014 3:39am
Good Morning!
Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY

http://www.forexfactory.com/showthre...49#post7244849
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #361,216
  • Jan 29, 2014 3:40am Jan 29, 2014 3:40am
How are you guys getting ready for the fomc im sure not a lot of retailers can resist the allure of a 200 pip windfall
  • #361,217
  • Jan 29, 2014 3:40am Jan 29, 2014 3:40am
Quoting PoundTrader
{quote} the day trading makes me nervous will be the day i retire from trading, serious tho this is why S/L was invented
i take loses like a boss and keep moving forward
  • #361,218
  • Jan 29, 2014 3:41am Jan 29, 2014 3:41am
Quoting PoundTrader
{quote} the day trading makes me nervous will be the day i retire from trading, serious tho this is why S/L was invented

Whats your stop level for a long? Below 6470 or below 6540 area?
  • #361,219
  • Jan 29, 2014 3:43am Jan 29, 2014 3:43am
Quoting PoundTrader
{quote} i take loses like a boss and keep moving forward

taking losses without emotional pain is pro level.I am not there yet.It still stings me.
In trading, you have to be defensive and aggressive at the same time
  • #361,220
  • Jan 29, 2014 3:44am Jan 29, 2014 3:44am
Quoting IveGotQuads
How are you guys getting ready for the fomc im sure not a lot of retailers can resist the allure of a 200 pip windfall

i got tight stops and my EA checks trades at the top of the hour. if i get a signal it waits for the next candle to confirm. i'm chillin back and watching people panic got my popcorn ready
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