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Cable Update (GBPUSD)

  • #361,881
  • Feb 3, 2014 10:24am Feb 3, 2014 10:24am
I'm a buyer at these levels.
  • #361,882
  • Feb 3, 2014 10:34am Feb 3, 2014 10:34am
damn. it dropped another 110 pips? here I come. I will show up for every 50 to 100 pips drop. That means I will show up quite often. Bear with me bulls, I mean BEAR with me.

Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,883
  • Feb 3, 2014 10:35am Feb 3, 2014 10:35am
Quoting nAVIN2007
{quote} if we must

what numbers are you looking at for daily?
Keep the Lights on then you can catch the rise from the dark.
  • #361,884
  • Feb 3, 2014 10:47am Feb 3, 2014 10:47am
Quoting ricmaj
{quote} what numbers are you looking at for daily?
1.6250 area .. but 1.63 can be a tough to break..

problem i am having is, short term is very difficult to read because the news seems to be the factor which can change the direction immediately..this never used to be the case..
  • #361,885
  • Feb 3, 2014 10:50am Feb 3, 2014 10:50am
trapping bears at this level
  • #361,886
  • Feb 3, 2014 10:51am Feb 3, 2014 10:51am
[quote=Mpt;7255976]
Quoting nAVIN2007
{quote} ofcourse i noticed..actually..look at the diverence there is on dragon.. thats like saying to tony..trade without a chart..just aint happening[/quote The amusing thing is that on other threads, people have been fighting it all the way.
problem with traders on ff imho and the difference with bank traders..is that bank traders look at the major trend and trade multiple positions in the direction of the main trend and ff traders majority cannot distinguish the primary trend from the secondary because they simply dont look that far back..
  • #361,887
  • Feb 3, 2014 10:56am Feb 3, 2014 10:56am
Quoting ffleo
posted before http://www.forexfactory.com/showthre...45#post7187845 {image}
it is time. it is time.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,888
  • Feb 3, 2014 11:01am Feb 3, 2014 11:01am
Quoting TauTrader
trapping bears at this level
not this time. it will go lower. 6250, 6200, then bounce, then down
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,889
  • Feb 3, 2014 11:05am Feb 3, 2014 11:05am
56% of traders are buying at what they believe is a discounted rate..this is wonderful
  • #361,890
  • Feb 3, 2014 11:08am Feb 3, 2014 11:08am
Quoting nAVIN2007
56% of traders are buying at what they believe is a discounted rate..this is wonderful

Hi Nav
Regret getting out of my shorts way early.Expensive lesson learned or opportunity lost.
Numbers are still majority short
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In trading, you have to be defensive and aggressive at the same time
  • #361,891
  • Feb 3, 2014 11:14am Feb 3, 2014 11:14am
This has been a tough drop for the pound today. Making higher highs before, I wonder what will be next. But it might bounce back to 1,6500 at least. The market constantly shows us what could have been, which makes it so hard to trade. I was stopped out of my short early this morning and stayed away. Crazy where we are now. But who can honestly state that they can foresee something like this. They would be billionaires and not post here.
Fix up, trade sharp ...
  • #361,892
  • Feb 3, 2014 11:16am Feb 3, 2014 11:16am
Quoting Davit
{quote} Hi Nav Regret getting out of my shorts way early.Expensive lesson learned or opportunity lost. Numbers are still majority short {image}

this is the situation 1.48 (the low)
1.6650 ish (the high)


50% gives approx 1.5750 ish...even if price gets here..buyer should be stronger because the trader appear to be buying at discount..market can go there sucking the blood..very good sign

only problem is 1.5750 has good confluence to long..but if im right in my analysis ..im gonna win

hang tight buddy ...we coming
  • #361,893
  • Feb 3, 2014 11:17am Feb 3, 2014 11:17am
Quoting Bones
eur jpy =freefall
thank you for the hint. i never traded that pair before. today it looks like if there is a high correlation between eurjpy and dow (risk-off modus) is that correlation valid?
http://td.md.it-finance.com/ProRealT...g&purpose=file

http://td.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #361,894
  • Feb 3, 2014 11:19am Feb 3, 2014 11:19am
Quoting Hickson
This has been a tough drop for the pound today. Making higher highs before, I wonder what will be next. But it might bounce back to 1,6500 at least. The market constantly shows us what could have been, which makes it so hard to trade. I was stopped out of my short early this morning and stayed away. Crazy where we are now. But who can honestly state that they can foresee something like this. They would be billionaires and not post here.

Look EU for shorts.I am focusing on EU and U/F
Euro is weaker then pound.Euro will go 1.33 sometime this month.I could be wrong as well trade as you see fit
In trading, you have to be defensive and aggressive at the same time
  • #361,895
  • Feb 3, 2014 11:26am Feb 3, 2014 11:26am
Quoting Hickson
This has been a tough drop for the pound today. Making higher highs before, I wonder what will be next. But it might bounce back to 1,6500 at least. The market constantly shows us what could have been, which makes it so hard to trade. I was stopped out of my short early this morning and stayed away. Crazy where we are now. But who can honestly state that they can foresee something like this. They would be billionaires and not post here.
honestly the market can quite easily have been a bull flag or a trigger to sell..the bottom line is either could have happened..it will never be clear, it used to be clearer, the stats seemed to go technicals a lot more in the past..i feel

now its different..news has a bigger hold on the market..u just gotta go with what u think understand it might be wrong..therefore dont bet the house and stick to your decision..it is better to be wrong in your analysis than be right! and still lose

less painful
  • #361,896
  • Feb 3, 2014 11:33am Feb 3, 2014 11:33am
Quoting Hickson
This has been a tough drop for the pound today. Making higher highs before, I wonder what will be next. But it might bounce back to 1,6500 at least. The market constantly shows us what could have been, which makes it so hard to trade. I was stopped out of my short early this morning and stayed away. Crazy where we are now. But who can honestly state that they can foresee something like this. They would be billionaires and not post here.
Yeah you know what, I saw this coming. But I'm no billionaire.
Sometimes you see things coming and they come. Sometimes you see them coming, and they don't.
I have no clue what I'm talking about.
  • #361,897
  • Feb 3, 2014 11:36am Feb 3, 2014 11:36am
two possible short-term scenarios,

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,898
  • Feb 3, 2014 11:39am Feb 3, 2014 11:39am
Quoting Davit
{quote} Look EU for shorts.I am focusing on EU and U/F Euro is weaker then pound.Euro will go 1.33 sometime this month.I could be wrong as well trade as you see fit
If E/G is well supported by 8160, cable will be weaker than euro
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,899
  • Feb 3, 2014 11:48am Feb 3, 2014 11:48am
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}
short cable, long aussie.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,900
  • Feb 3, 2014 11:50am Feb 3, 2014 11:50am
Hmm... just looking, that's all, but who is to say that the drop today is not in preparation for a shift back north later in the week? You know, upon 'unexpected' news. PA hitting the descending magenta TL whilst kissing the ascending white MA of the weekly Guppy profile.

I show the daily in order to remain realistic about the aforementioned... today's PA cutting through the lines of defence with uncomfortable ease.

Come on chaps (and chapesses, if present), support this pathetic attempt by me to convince myself that today's move north on EG is temporary, and that my short will regain its momentum.
Attached Image(s) (click to enlarge)
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Author of: For Pip's Sake! (Available at Amazon... :-) )
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