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Cable Update (GBPUSD)

  • #361,821
  • Feb 3, 2014 4:24am Feb 3, 2014 4:24am
old

GBP CAD
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  • #361,822
  • Feb 3, 2014 4:28am Feb 3, 2014 4:28am
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  • #361,823
  • Feb 3, 2014 4:32am Feb 3, 2014 4:32am
Quoting Boy Wonder
{quote} Placing an order (rather than a buy or sell stop) ahead of a news release is gambling because: a) you don't know what the release will be (e.g. for NFP, what the headline figure will be) b) even if you did, you don't know how the market will react to the release
As a matter of fact , I did place a buy stop order.

Please refer to my post here:
Quoting GlobalMacro
{quote} Placing Orders: Buy Stop : 1.6400 S / L : 1.6340 T / P : OPEN Cable now 1.6388
Also I did place a stop loss at the same time.

On the other hand, someone who does NOT place a stop loss and keeps doubling down ala martingale is definitely a gambler.
Hear the music before the song is over ...
  • #361,824
  • Feb 3, 2014 4:39am Feb 3, 2014 4:39am
long at 340 sl 320 - see if we get a bounce at JAN6 low ...

GU D1
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  • #361,825
  • Feb 3, 2014 4:40am Feb 3, 2014 4:40am
Out inside 1.634x, will reload higher if there is an opportunity
COT: The precious data ignored
  • #361,826
  • Feb 3, 2014 4:44am Feb 3, 2014 4:44am
Quoting GlobalMacro
{quote} As a matter of fact , I did place a buy stop order. Please refer to my post here: {quote} Also I did place a stop loss at the same time. On the other hand, someone who does NOT place a stop loss and keeps doubling down ala martingale is definitely a gambler.

Since you referenced about my education level its obvious not only you are a poor reader (already mentioned I don't martingale) but also poor observer since all my orders were always displayed on my charts and my lots were pretty much the same.
Its obvious your level of education lacks logical deduction and comprehension in reading and full of assumptions that have no bases.
I do have stop loss I choose not to place it.This is not uncommon practice.
In trading, you have to be defensive and aggressive at the same time
  • #361,827
  • Feb 3, 2014 4:56am Feb 3, 2014 4:56am
Shouldn't have cut shorts
COT: The precious data ignored
  • #361,828
  • Feb 3, 2014 4:56am Feb 3, 2014 4:56am
closed shorts, im personally waiting for a rebound to 1.64xx area before another leg down, i think its pretty oversold and uk data is still strong.

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  • #361,829
  • Feb 3, 2014 4:59am Feb 3, 2014 4:59am
OK ..where is that guy ..when I called sell off at 1.6666 .. he laughed at me ...now see the RAMBO Niagara fall .. my target about to hit 1.63 ...haha you are LONG and WRONG ..hahaha ..take it is bro .just kidding
  • #361,830
  • Feb 3, 2014 4:59am Feb 3, 2014 4:59am
Quoting kuroro001
Shouldn't have cut shorts

Just the way I feel
Fix up, trade sharp ...
  • #361,831
  • Feb 3, 2014 5:01am Feb 3, 2014 5:01am
Quoting GlobalMacro
{quote} Placing T/P order @ 1.6400: LONG @ 1.6400 S / L : 1.6340 T / P : 1.6400
Stopped @ 1.6340

P&L : - 60 pips
Hear the music before the song is over ...
  • #361,832
  • Feb 3, 2014 5:04am Feb 3, 2014 5:04am
Quoting Hickson
{quote} Just the way I feel
Eyeing a bounce inside 1.635x at least before another round of selling

Otherwise straight into 1.6300
COT: The precious data ignored
  • #361,833
  • Feb 3, 2014 5:11am Feb 3, 2014 5:11am
Howzit GU!

She didn't even send out a Mayday, mayday... just took one look at the data and everyone went yep, Carney can't raise rates, yet

Watch for 1.6310 and 1.6215. Bulls should probably look into hand warmers till then and the bears need to watch this for the oversold rebound.

For the LT traders that breaks the upward channel and changes view to bear with target at 1.6022, preferred entry near 1.636
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  • #361,834
  • Feb 3, 2014 5:41am Feb 3, 2014 5:41am
Bears right now
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  • #361,835
  • Feb 3, 2014 5:55am Feb 3, 2014 5:55am
1.48

One piece of bad news and everyone panics...panic selling.
  • #361,836
  • Feb 3, 2014 5:58am Feb 3, 2014 5:58am
If thats enough for you to say weekly swing is in place ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,837
  • Feb 3, 2014 6:07am Feb 3, 2014 6:07am
fade off from outside candle ,but now support ,I will wait for close

Quoting Bones
cable d1 ,also consider monthly ,draws near {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,838
  • Feb 3, 2014 6:09am Feb 3, 2014 6:09am
no luck required
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,839
  • Feb 3, 2014 6:12am Feb 3, 2014 6:12am
Seems like a good buy now for a few hours.
  • #361,840
  • Feb 3, 2014 6:27am Feb 3, 2014 6:27am
Quoting sakisf
Seems like a good buy now for a few hours.
45 looks strong
COT: The precious data ignored
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