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Cable Update (GBPUSD)

  • #362,341
  • Feb 6, 2014 4:16am Feb 6, 2014 4:16am
buy GU 300 taking out
  • #362,342
  • Feb 6, 2014 4:19am Feb 6, 2014 4:19am
Quoting Red Alert
spike 40 pips for SL hunting, .......

You got that turned around. Easy stops getting taken on drops. Big stops already taken at 1.6250. We going up, baby.
  • #362,343
  • Feb 6, 2014 4:22am Feb 6, 2014 4:22am
we will shoot up to take 16400...

dont asking why
  • #362,344
  • Feb 6, 2014 4:22am Feb 6, 2014 4:22am
Quoting Zappa
{quote} You got that turned around. Easy stops getting taken on drops. Big stops already taken at 1.6250. We going up, baby.
Sure, SL made to be kissed, otherwise you don't need it....
  • #362,345
  • Feb 6, 2014 4:22am Feb 6, 2014 4:22am
its a game now it think now they will take it lower, who ever they are ?? lol 107 pip in profit from my little fake from yesterday and 5 lots running free out there sell order still 6218 to go to 6200 ish sl on the short 6319 were i entered
  • #362,346
  • Feb 6, 2014 4:34am Feb 6, 2014 4:34am
Quoting zmalick
{quote} I know NFP, employment data and trade balance data comes out over the next day or two. How do we know which way the data will take us price wise? - I dont know till its released. My current strategy is to have two orders either side of the price action leading upto the event. Problem is sometimes due to volatility they both can be triggered I need to identify the right direction to place a trade. When data comes out, the market reacts so quickly and I think I am subject to lag because the market can sometimes react before the data is released...


http://www.babypips.com/school
  • #362,347
  • Feb 6, 2014 4:35am Feb 6, 2014 4:35am
Quoting KecoaKecil
News released. No reaction so far.
Win and Win for Solution Trade LOL
Attached Image
Always looking the GREAT, never left GOOD Point...
  • #362,348
  • Feb 6, 2014 4:54am Feb 6, 2014 4:54am
Quoting GlobalMacro
{quote} Closing long position here @ 1.6308. P&L : +/- 0 pips All positions FLAT now.
Hi Global Macro, how are you these days? Been away from the boards for a while? I remember your lethal descending wedges from a few years ago, looks like we have one here on GU. Just wonder why you decided to pull the GU long? Waiting for news to settle?

I was long yesterday from 1.6260 but closed most around 1.6313 previous daily lows as news could easily take it out, left one trade running. Attached a chart. 1.6250 is very important, we need to stay above that as the 50% from swing low in Nov. If that is rejected, a bounce opens up 1.642 and possibly 1.655 but need to see a convincing move through the top of those hammers at 1.63x. Daily close below 1.625 is curtains for longs in short term imho but until then I'm looking for bounces.
Attached Image (click to enlarge)
Click to Enlarge Name: GU4h6Feb2014.png Size: 28 KB
  • #362,349
  • Feb 6, 2014 5:10am Feb 6, 2014 5:10am
Why did price just shoot up so fast?
  • #362,350
  • Feb 6, 2014 5:13am Feb 6, 2014 5:13am
Quoting forex_fairy
Why did price just shoot up so fast?
it is a game the small traders have to beet the big traders but they have more money to move the market so they play little fakes to make you go the wrong way then they take all of your money,,,, with respect how long have you been trading
  • #362,351
  • Feb 6, 2014 5:16am Feb 6, 2014 5:16am
Last chance to break 1.6270 for good, otherwise up.
  • #362,352
  • Feb 6, 2014 5:17am Feb 6, 2014 5:17am
lets hope it goes down just as fast lol
  • #362,353
  • Feb 6, 2014 5:17am Feb 6, 2014 5:17am
Quoting Nfp
we will shoot up to take 16400... dont asking why
wow...., seems like i do not need to asking you why...........
  • #362,354
  • Feb 6, 2014 5:18am Feb 6, 2014 5:18am
fucking trade is ridiculous. What i make back i lose it all afterwards and even more. The trade i am in doesn't move. I was in a sell. Did you know the earlier price movement upwards caused me to hit my SL in less than 1 second. Yup the freaking price was moving at the pace of a snail and in less than 1 second shot upwards and all my earlier profits were lost. WTF is this shit. Seriously. It's a fucking conspiracy.
  • #362,355
  • Feb 6, 2014 5:20am Feb 6, 2014 5:20am
Quoting elbert3
{quote} it is a game the small traders have to beet the big traders but they have more money to move the market so they play little fakes to make you go the wrong way then they take all of your money,,,, with respect how long have you been trading

It wasn't a fake. Price was going downwards then shot upwards so fast. Pls we all know about the fakes but we cannot predict it. Can you see when a fake will come up?
  • #362,356
  • Feb 6, 2014 5:24am Feb 6, 2014 5:24am
Quoting forex_fairy
{quote} It wasn't a fake. Price was going downwards then shot upwards so fast. Pls we all know about the fakes but we cannot predict it. Can you see when a fake will come up?
The fakes happen after consolidation...some ppl call it contraction , some call it ranging whatever. When price breaks out of that area of consolidation , entering the trade naked is risky thats why you wait for the pull back confirmation . Some call it ABC , some call it the last kiss, but it prevents you from getting into bad trades. Occasionally you may miss some breakouts but in the end your win ratio gets increased and you will start to see profits in the long run if you wait for confirmation before entry. Hope that helps Cheers and happy pip hunting .
  • #362,357
  • Feb 6, 2014 5:24am Feb 6, 2014 5:24am
lol ,fake what is a fake haha ,if it was easy we would all be millionaires ,



Quoting forex_fairy
fucking trade is ridiculous. What i make back i lose it all afterwards and even more. The trade i am in doesn't move. I was in a sell. Did you know the earlier price movement upwards caused me to hit my SL in less than 1 second. Yup the freaking price was moving at the pace of a snail and in less than 1 second shot upwards and all my earlier profits were lost. WTF is this shit. Seriously. It's a fucking conspiracy.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,358
  • Feb 6, 2014 5:26am Feb 6, 2014 5:26am
exactly ,its doing different things on different time frames ,completing tasks ,lets not forget that this is a real market when some one has to change money
i.e business etc

Quoting IveGotQuads
{quote} The fakes happen after consolidation...some ppl call it contraction , some call it ranging whatever. When price breaks out of that area of consolidation , entering the trade naked is risky thats why you wait for the pull back confirmation . Some call it ABC , some call it the last kiss, but it prevents you from getting into bad trades. Occasionally you may miss some breakouts but in the end your win ratio gets increased and you will start to see profits in the long run if you wait for confirmation before entry. Hope that helps Cheers and...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,359
  • Feb 6, 2014 5:27am Feb 6, 2014 5:27am
Quoting moneymove
{quote} patient...............
patient = moneymove to your pocket
  • #362,360
  • Feb 6, 2014 5:32am Feb 6, 2014 5:32am
Quoting forex_fairy
{quote} It wasn't a fake. Price was going downwards then shot upwards so fast. Pls we all know about the fakes but we cannot predict it. Can you see when a fake will come up?
o i am sorry you seem a little angry, if you go back to the 24th jan and earlier today i have posted what i play as a fake remember what i play ... have a look at them, i said 4 hours before it happened on both times there was a fake move, yesterdays and today i made 107 pips and i have 5 lots short from 6319 and i will short again at , sorry just gone as i post to 6200 with respect i dont know if any body else plays it that way but as i said it is my plan the 24th jan 321 pips all posted before and after, ps i am sorry if i upset you but i thought this thread is here to give opinions
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