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Cable Update (GBPUSD)

  • #362,121
  • Feb 5, 2014 3:25am Feb 5, 2014 3:25am
Quoting kuroro001
{quote} Or dump before pump
shows the supports are under pressure not the resistances..for an uptrend thats never positive
  • #362,122
  • Feb 5, 2014 3:28am Feb 5, 2014 3:28am
Quoting nAVIN2007
{quote} shows the supports are under pressure not the resistances..for an uptrend thats never positive
Yes it's not good for bulls

But there is a possibility of a move back up to 1.64xx before the new dump, let's see what PMI says about it
COT: The precious data ignored
  • #362,123
  • Feb 5, 2014 3:29am Feb 5, 2014 3:29am
58,3 v 59 expected
  • #362,124
  • Feb 5, 2014 3:30am Feb 5, 2014 3:30am
miss at 58.3 ... still expansion
  • #362,125
  • Feb 5, 2014 3:30am Feb 5, 2014 3:30am
That's one hell of a rejection

Number is still good, just another excuse to dump some GBP
COT: The precious data ignored
  • #362,126
  • Feb 5, 2014 3:31am Feb 5, 2014 3:31am
Quoting nAVIN2007
{quote} currency has been giving headache last 2 years
well that's about when I started trading, so it seems normal to me
In the end its just a stupid numbers game
  • #362,127
  • Feb 5, 2014 3:32am Feb 5, 2014 3:32am
Attached Image (click to enlarge)
Click to Enlarge Name: 61.png Size: 129 KB
just going to post this before the move 1.615 looks like a target
  • #362,128
  • Feb 5, 2014 3:35am Feb 5, 2014 3:35am
Quoting nAVIN2007
{quote} currency has been giving headache last 2 years
Yeah...
You must have a lot of preparation ASPIRIN for supplies in House
Always looking the GREAT, never left GOOD Point...
  • #362,129
  • Feb 5, 2014 3:35am Feb 5, 2014 3:35am
wow, what a candle. this time i just had luck: long order was not filled (9:28). waited for the next candle and shorted cable for 20 pips. no more trade for me until ADP.
fortis fortuna adiuvat
  • #362,130
  • Feb 5, 2014 3:36am Feb 5, 2014 3:36am
Quoting JimmyC
miss at 58.3 ... still expansion

contraction previous was 58.8
now 58.3
  • #362,131
  • Feb 5, 2014 3:37am Feb 5, 2014 3:37am
Quoting Tsar
{quote} Yeah... You must have a lot of preparation ASPIRIN for supplies in House
  • #362,132
  • Feb 5, 2014 3:38am Feb 5, 2014 3:38am
Quoting nAVIN2007
{quote} contraction previous was 58.8 now 58.3
Contraction is below 50. Still in expansion mode but lower than previous
COT: The precious data ignored
  • #362,133
  • Feb 5, 2014 3:40am Feb 5, 2014 3:40am
Quoting kuroro001
{quote} Contraction is below 50. Still in expansion mode but lower than previous

000000000000000 tricked..just goes to show u how much i look at the news
  • #362,134
  • Feb 5, 2014 3:40am Feb 5, 2014 3:40am
Chancing a long, stop at 1.6244 (1%)
COT: The precious data ignored
  • #362,135
  • Feb 5, 2014 3:42am Feb 5, 2014 3:42am
I bet the banks orderbook are neat now
In the end its just a stupid numbers game
  • #362,136
  • Feb 5, 2014 3:45am Feb 5, 2014 3:45am
It was pretty obvious they were going to whipsaw this NEWS as thats what was going on since 2am and add 1 more unneccessary loss ratio to unsophisticated traders. Not surprised there hasnt been brags for a couple of weeks now as the bankers with huge orders are mopping floors with news traders, unfortunately we arent getting the chance to trade our favourite pair with so much news coming out every other day.
  • #362,137
  • Feb 5, 2014 3:46am Feb 5, 2014 3:46am
Quoting kuroro001
{quote} Or dump before pump
or the Reverse... Pump before Dump

These called as Emerging Market's
Always looking the GREAT, never left GOOD Point...
  • #362,138
  • Feb 5, 2014 3:50am Feb 5, 2014 3:50am
Quoting nAVIN2007
{quote} 000000000000000 tricked..just goes to show u how much i look at the news
Where's... in HERE ?
Always looking the GREAT, never left GOOD Point...
  • #362,139
  • Feb 5, 2014 3:55am Feb 5, 2014 3:55am
my most stupidest decision ever
Getting out of my 10 shorts from 66 65 closed at 6447
unbearable to see my TP 63 hit without me....

Did not expect this kind of reaction.I would of doubled my account
I know its over but it really does hurt me mentally.I am still not over it
In trading, you have to be defensive and aggressive at the same time
  • #362,140
  • Feb 5, 2014 3:57am Feb 5, 2014 3:57am
Been up since 2am everyday for the past couple of days with no trades cause of this stupid volatility with Usd/Jpy and Emerging markets and the whole stock market. Anyway im going to be looking to fade the news ..even though i try not to on a good day. Will be looking for long entries around 5:15 am CHEERS
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Ahsan