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Cable Update (GBPUSD)

  • #361,341
  • Jan 29, 2014 1:47pm Jan 29, 2014 1:47pm
Quoting a16908
Yes.............I'm coming {image}
http://www.easyfreesmileys.com/smileys/lol-045.gif http://www.easyfreesmileys.com/smileys/lol-045.gif http://www.easyfreesmileys.com/smileys/lol-045.gif you made my day
  • #361,342
  • Jan 29, 2014 1:54pm Jan 29, 2014 1:54pm
Quoting PoundTrader
Market side ways from yesterday till today {image}
Nice test of recent lows today and that was on Carney's speech not FOMC which was the Biggie. Perhaps this is a double test of the bottom of the range with a view to test the upside and perhaps beyond tomorrow..
  • #361,343
  • Jan 29, 2014 2:03pm Jan 29, 2014 2:03pm
XAUUSD 1H

Perhaps the real story is here....

Careful... the hedge funds and central banks don't have a view yet....

1 Hour to US close and less free money BUT no change in rates....

Leave this for a few hours... let the dust settle...
Attached Image (click to enlarge)
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  • #361,344
  • Jan 29, 2014 2:10pm Jan 29, 2014 2:10pm
Quoting GlobalMacro
{quote} Cable : 1.6562 = BUY STOP ORDER FILLED @ 1.6554 LONG @ 1.6554 S / L : 1.6489 T / P : OPEN - UTL bounce - 38% retracement - rising wedge GBP/USD - H8 {image}
Cable steady...Not much response to FOMC.

Placing T/P @ 1.6584:

LONG @ 1.6554

S / L : 1.6489

T / P : 1.6584
Hear the music before the song is over ...
  • #361,345
  • Jan 29, 2014 2:15pm Jan 29, 2014 2:15pm
BOTTOM LINE IS THIS: if your long your gonna twist your charts and your views in your favorite, if your short your gonna twist your charts and your views in favorite, your views are only good if you have a winning system witch doesn't have to be right 100% of the time it gives you a clear view of the market, if you dont have a winning system then what you see on the chart is the view of the current trade your in. http://www.easyfreesmileys.com/smileys/computer-17.gif
  • #361,346
  • Jan 29, 2014 2:20pm Jan 29, 2014 2:20pm
damn you gotta love GBP/NZD over 250 pips today http://www.easyfreesmileys.com/smile...mileys-947.gif
  • #361,347
  • Jan 29, 2014 2:27pm Jan 29, 2014 2:27pm
Quoting GlobalMacro
{quote} Cable steady...Not much response to FOMC. Placing T/P @ 1.6584: LONG @ 1.6554 S / L : 1.6489 T / P : 1.6584
Raising S/L up to 1.6525:

LONG @ 1.6554

S / L : 1.6525

T / P : 1.6584
Hear the music before the song is over ...
  • #361,348
  • Jan 29, 2014 2:30pm Jan 29, 2014 2:30pm
No any reaction? Thats the worst thing on market when volatility is near zero.
  • #361,349
  • Jan 29, 2014 2:33pm Jan 29, 2014 2:33pm
Quoting Carlicus
For the moment, my andrew's pitchfork looks good, I hope it goes to the median line {image}

80% chance according to Andrews
I am a fan
In trading, you have to be defensive and aggressive at the same time
  • #361,350
  • Jan 29, 2014 2:45pm Jan 29, 2014 2:45pm
Quoting GlobalMacro
{quote} Raising S/L up to 1.6525: LONG @ 1.6554 S / L : 1.6525 T / P : 1.6584
Raising S/L up to 1.6554:

LONG @ 1.6554

S / L : 1.6554

T / P : 1.6584
Hear the music before the song is over ...
  • #361,351
  • Jan 29, 2014 2:55pm Jan 29, 2014 2:55pm
Quoting Davit
{quote} 80% chance according to Andrews I am a fan
But that 80% wouldn't depend on how I draw the pitchfork?? What If I draw a shitty one?
  • #361,352
  • Jan 29, 2014 2:57pm Jan 29, 2014 2:57pm
Quoting GlobalMacro
{quote} Raising S/L up to 1.6554: LONG @ 1.6554 S / L : 1.6554 T / P : 1.6584
Cable now 1.6553 = LONG POSITION EXITED @ 1.6554

P&L : +/- 0 pips

All of my positions FLAT now.

Cya.....G / L all.
Hear the music before the song is over ...
  • #361,353
  • Jan 29, 2014 3:07pm Jan 29, 2014 3:07pm
Quoting GlobalMacro
{quote} Cable now 1.6553 = LONG POSITION EXITED @ 1.6554 P&L : +/- 0 pips All of my positions FLAT now. Cya.....G / L all.
tough call, i still think long is in play till at least to 1.6700 but whp knows she's acting up now
  • #361,354
  • Jan 29, 2014 3:30pm Jan 29, 2014 3:30pm
Quoting Carlicus
{quote} But that 80% wouldn't depend on how I draw the pitchfork?? What If I draw a shitty one?

your fault then
I feel good about my short positions.No regrets.I think we will continue retrace where we left off
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.daily.png Size: 33 KB
In trading, you have to be defensive and aggressive at the same time
  • #361,355
  • Jan 29, 2014 3:53pm Jan 29, 2014 3:53pm
Quoting Davit
{quote} your fault then I feel good about my short positions.No regrets.I think we will continue retrace where we left off {image}
ok here's a bet for you, if you win on your shorts you cover the pips im out on my long, if i win on my long i cover the pips your out on your short pip for pip,
  • #361,356
  • Jan 29, 2014 3:56pm Jan 29, 2014 3:56pm
Quoting a16908
Yes.............I'm coming {image}
Cable fall......
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 193 KB
  • #361,357
  • Jan 29, 2014 4:12pm Jan 29, 2014 4:12pm
Quoting PoundTrader
BOTTOM LINE IS THIS: if your long your gonna twist your charts and your views in your favorite, if your short your gonna twist your charts and your views in favorite, your views are only good if you have a winning system witch doesn't have to be right 100% of the time it gives you a clear view of the market, if you dont have a winning system then what you see on the chart is the view of the current trade your in. {image}
Spot on and so true.
  • #361,358
  • Jan 29, 2014 4:20pm Jan 29, 2014 4:20pm
Quoting GlobalMacro
{quote} Cable now 1.6553 = LONG POSITION EXITED @ 1.6554 P&L : +/- 0 pips All of my positions FLAT now. Cya.....G / L all.
hi it looks from your post your having the same day as me ,my mind set is right but when i have to come away from the pc and look again my mind set is wrong.??????i have posted charts that are great, but for some reason i am not going were i should, i have to much going on and yet last week i had over 300 pips in 2 days, overtrading.???? but i think this is a good time to make profit , i think if i can get into scalps on a 30min time chart that is were i should be , some times you get to close to were you should be . zoom out of your chart and see the big picture . regards billy
  • #361,359
  • Jan 29, 2014 4:34pm Jan 29, 2014 4:34pm
Quoting PoundTrader
damn that was the most action i seen in years {image}

Quite disapointing for Ben's last action. I never thought I would say that, but he will miss me
  • #361,360
  • Jan 29, 2014 4:35pm Jan 29, 2014 4:35pm
Quoting PoundTrader
{quote} ok here's a bet for you, if you win on your shorts you cover the pips im out on my long, if i win on my long i cover the pips your out on your short pip for pip,

I only compete to myself.I measure % gain to account, pips mean nothing.
I will post my performance this month from my 2 live accounts.Feel free to post yours
(majority of gains were shorting cable in uptrend)

56 trades total 4 minor losses.Graphs tell the story..

PS putting thumbs down symbol is rude.I just don't get it.Do I sense a jealousy?
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In trading, you have to be defensive and aggressive at the same time
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