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Cable Update (GBPUSD)

  • #362,381
  • Feb 6, 2014 8:26am Feb 6, 2014 8:26am
Quoting elbert3
short 6299 off the fake
hope you not getting burnt thats why you gotta wait 45 mins or 4 candle sticks before you do it . 1.6322 sell stop order may have been a good entry to short.

Disclaimer: I do not advocate this, fade at your own risk
  • #362,382
  • Feb 6, 2014 8:27am Feb 6, 2014 8:27am
Quoting Nfp
we will shoot up to take 16400... dont asking why

i said already..dont ask why...
  • #362,383
  • Feb 6, 2014 8:28am Feb 6, 2014 8:28am
Yeah, fond memories haha. All good here too.

You should speak more often, here comes your follow-through A convincing move through 1.633 and I believe this will light the blue touch paper for a 100+ pip move on the daily, but don't want to get ahead of myself. One step at a time
  • #362,384
  • Feb 6, 2014 8:32am Feb 6, 2014 8:32am
Close all my GU trade, manage to collect few pips
That which does not kill us makes us stronger
  • #362,385
  • Feb 6, 2014 8:36am Feb 6, 2014 8:36am
Quoting IveGotQuads
{quote} hope you not getting burnt thats why you gotta wait 45 mins or 4 candle sticks before you do it . 1.6322 sell stop order may have been a good entry to short. Disclaimer: I do not advocate this, fade at your own risk
in early just in case i miss any moves i am on the dreaded 30 min were the 200 sma should meet my entry from yesterday hopefully to confirm if you read my posts before i sols and took profit 64 pips with 20 lots on it back and 43 pips 5 lots, i have one short at 63268 and got caught before at 6218 only small lots tho sl just above 634 we need a reverse here now
  • #362,386
  • Feb 6, 2014 8:37am Feb 6, 2014 8:37am
Theres blood everywhere all over the streets accross all pairs...I think ill be taking a vacation till next week. Later guys and goodluck
  • #362,387
  • Feb 6, 2014 8:40am Feb 6, 2014 8:40am
I am happy to see some trader with very very good trading return, 200%, 300%, 700% even 2400%..... you all good trader, what ever the technique or method, technical or fundamental analysis at the end it is the matter of how much you earn green pips....

It is too early talking about 1.64xx, the fact we still have strong resistance at 1.633x, may be right this is retail buyers area, no easy money on trading
  • #362,388
  • Feb 6, 2014 8:47am Feb 6, 2014 8:47am
Quoting Red Alert
I am happy to see some trader with very very good trading return, 200%, 300%, 700% even 2400%..... you all good trader, what ever the technique or method, technical or fundamental analysis at the end it is the matter of how much you earn green pips.... It is too early talking about 1.64xx, the fact we still have strong resistance at 1.633x, may be right this is retail buyers area, no easy money on trading
no need to worry, this drags on a few more days
weak longs aren't going to give up so time is just going to compress any potential profit as it ranges and the daily pivots move lower below 1.64xx while the bar for a retest declines before the eventual inevitable move through 1.6250.
UJ taking a crack at 10175 here , will it go?
  • #362,389
  • Feb 6, 2014 8:48am Feb 6, 2014 8:48am
Quoting DailyChart
{quote} I have my own method {image}

Looking good
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.png Size: 27 KB
  • #362,390
  • Feb 6, 2014 8:53am Feb 6, 2014 8:53am
Attached Image (click to enlarge)
Click to Enlarge Name: aa.png Size: 95 KB
can the 200sma be the saviour
  • #362,391
  • Edited 9:06am Feb 6, 2014 8:54am | Edited 9:06am
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]DailyChart[/highlight][highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif] [/highlight]

what is looking good-buy or sell?
and SL
abstract... BS, does not make money!
With a good book and quality paper you can fine wipe your ass.
  • #362,392
  • Feb 6, 2014 9:11am Feb 6, 2014 9:11am
Quoting elbert3
{quote} 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...
Well of course i am upset i lost money but i'm not at you but you sound like mocking, you shouldn't make fun of someone when he's down.

Quoting Luther
{quote} Volatility on news tends to move in both directions. The ECB rate decision was highly anticipated. At the same time someone fat fingered an order on the DAX which tripped the circuit breaker and created additional volatility. It's not a conspiracy and it's not a "fake". Shit happens all the time in the market. Holding orders with tight stops during a major news event is never a good idea. Besides, GU has been in a range all day, so unless you're range trading, pulling the trigger on a position trade here is just a dumb guess. Dumb guesses...
To be honest i have not looked at news aka fundamentals for a long time. I stopped looking at it.
  • #362,393
  • Feb 6, 2014 9:11am Feb 6, 2014 9:11am
Quoting eurusd_trade
{quote} well following up on yesterday, way too many muppets
*Poof*
  • #362,394
  • Feb 6, 2014 9:19am Feb 6, 2014 9:19am
closed 20pips at gbp/usd now..think we got some res right now at 1.63232


but we will see, might be a aggressiv push..
  • #362,395
  • Feb 6, 2014 9:20am Feb 6, 2014 9:20am
Quoting DailyChart
{quote} Looking good {image}
Dear daily, I saw the same setup. 1,6400 at least for a humble man.
Fix up, trade sharp ...
  • #362,396
  • Feb 6, 2014 9:22am Feb 6, 2014 9:22am
1.633x is a tough one. Daily pivot is magnetic, will look for a test of daily pivot 1.6300 - 1.6308 area
  • #362,397
  • Feb 6, 2014 9:23am Feb 6, 2014 9:23am
sell 325 sl 355 tp 250+
With a good book and quality paper you can fine wipe your ass.
  • #362,398
  • Edited 11:21am Feb 6, 2014 9:32am | Edited 11:21am
OK. No follow-through whatsoever....

Placing orders:

Sell stop : 1.6315

S / L : 1.6380

T / P : OPEN

Cable 1.6330 now
Hear the music before the song is over ...
  • #362,399
  • Feb 6, 2014 9:34am Feb 6, 2014 9:34am
Quoting forex_fairy
{quote} Well of course i am upset i lost money but i'm not at you but you sound like mocking, you shouldn't make fun of someone when he's down. {quote} To be honest i have not looked at news aka fundamentals for a long time. I stopped looking at it.
well i am sorry i only asked as to help you and i was going to suggest some sites for you to look at like the one i posted to bones about trading the fake, it is hard to come across in text, with respect, billy
  • #362,400
  • Feb 6, 2014 9:57am Feb 6, 2014 9:57am
Quoting elbert3
The GBP/USD was unable to overcome the 1.6340 price zone, yesterday’s high, and resumed the downside on a worse than expected UK Service PMI; the reading however was pretty positive, posting a healthy 58.3, but below the 59.1 expected and the previous 58.8. Trading above the 1.6250 key breakpoint, the 4 hours chart maintains a pretty bearish tone, as indicators head lower after correcting oversold readings while 20 SMA maintains a strong bearish tone, currently a few pips above mentioned 1.6340, reinforcing the resistance level. A break below 1.6250...
this was the clip from a site yesterday, lets see it they were right
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