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Cable Update (GBPUSD)

  • #363,121
  • Feb 12, 2014 4:46pm Feb 12, 2014 4:46pm
could hit 1.67 today at current rate of increase
this sort of increase not unheard of , but its massively exaggerated
  • #363,122
  • Feb 12, 2014 4:47pm Feb 12, 2014 4:47pm
Quoting PipsMaster23
Im still wondering why anyone would short this pair and not be long??? 4H and Daily show clear uptrend, technical are ALL bullish and to further confirm this so are the fundamentals, with BoE being the most hawkish about their rate increase within the whole G10. 1.6625/1.6650 expect some resistance but eventually it will break, 1.68 looming and if we do get above that level WOOOOOOOOOOOOOOOSH!
agree uptrend, but its at the top end of the chart.

BoE were clearly downplaying interest rate rises.
  • #363,123
  • Feb 12, 2014 4:55pm Feb 12, 2014 4:55pm
im going to short the sh*t out of this 666
  • #363,124
  • Feb 12, 2014 4:58pm Feb 12, 2014 4:58pm
76% retail short so they are pushing for stops.
If you look at other pairs nothing is moving.Coincidence?Probably not.
In trading, you have to be defensive and aggressive at the same time
  • #363,125
  • Feb 12, 2014 5:00pm Feb 12, 2014 5:00pm
Quoting PipsMaster23
{quote} We hit and now 1.67/1.68
Not sure if this is legit, but could see the same

Can't bring myself to buy though
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Come with me if you want to live....
  • #363,126
  • Feb 12, 2014 5:00pm Feb 12, 2014 5:00pm
For now, bulls are in control. Nevertheless I expect hard selling in the devilish area. Plus it is fundamentally clear that a high pound hurts Britain's export, so they will not let this happen forever. But for now I am long.
Fix up, trade sharp ...
  • #363,127
  • Feb 12, 2014 5:00pm Feb 12, 2014 5:00pm
Quoting Zappa
{quote} As someone else said, Tudor. I have used this quote before to defend my reasoning for picking tops and bottoms. Didn't help me make any money though. Here's the thing, I am not saying you shouldn't try to pick highs/lows. I'm saying you wait to see a market either fizzle out or enter into an area where an opposing force is observed. Once you see either one of these, you can take a bite. But to enter into strength, when there has not been any real reaction beforehand, is not worth risking your hard earned money. And when you get stopped out...
in your defence i can read in your post .yes you are trying to help and i know what it is
like to lose money .i spent 4 months every day on demos reading learning all i could , in the first 2 weeks i lost 6k i was sick i know you are trying to give your reasons to trade across to other traders , first remember there are very experienced traders on this site and there are not so experienced traders most of them post their thoughts as charts that gives all traders an insight to 2 different trades long or short, the trader has his own opinion as you have yours if you read your post it reads that your opinion is right and you dont allow others to vent their opinion, so i think if you post your charts ,reasons, opinions as in the chart you might get 1 more traders responding to your chart or not responding ,but they would of seen your chart and they make their trades with your chart logged as an opinion i write this with respect and i hope it makes sense
  • #363,128
  • Feb 12, 2014 5:05pm Feb 12, 2014 5:05pm
Nice daily marobozu for bulls...
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Anything is math!
  • #363,129
  • Feb 12, 2014 5:12pm Feb 12, 2014 5:12pm
Hello my friends,

I open a short sell 1.6610, my target is 1.6570.

more $ profits in my wallet.
  • #363,130
  • Feb 12, 2014 5:15pm Feb 12, 2014 5:15pm
from my view
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  • #363,131
  • Feb 12, 2014 5:15pm Feb 12, 2014 5:15pm
Quoting Zappa
{quote}. I guess you guys will just have to learn on your own, but part of me sees myself in you struggling and I want to help. I'm probably wasting my time, however.
Jesus, sometimes I feel like a gay in the 50s of the last century (let's face it, I'm a bear... with Ray Bans and a leather cap ).

Ok, I'm short. So what? FYI, I'm also short on EG with nice profit so far. I guess I should lock in those pips soon and then wait for Cable to come my way. It's all a matter of time. Like everything.
Be water, my friend
  • #363,132
  • Feb 12, 2014 5:24pm Feb 12, 2014 5:24pm
Quoting elbert3
{quote} in your defence i can read in your post .yes you are trying to help and i know what it is like to lose money .i spent 4 months every day on demos reading learning all i could , in the first 2 weeks i lost 6k i was sick i know you are trying to give your reasons to trade across to other traders , first remember there are very experienced traders on this site and there are not so experienced traders most of them post their thoughts as charts that gives all traders an insight to 2 different trades long or short, the trader has his own opinion...
I hear you. I know I can come off as cocky sometimes. I don't mean to, but I have strong opinions, I guess.

When I am giving my opinion/advice I am not talking to everyone. I know there are other good traders on FF and they are probably silently agreeing with most of what I say. The things I say are things we all go through in our trading journey, so the more experienced traders know fully what I am talking about most of the time, I would bet.

As far as me posting charts. My charts are so boring. Just a few horizontal lines that mark a few highs and lows. It really wouldn't be of much interest to anyone, I can assure you of that.

I realize not everyone was cut out for trading and most of the people reading these posts won't even be around in two years from now. Most are looking for some quick way to get rich it seems, but don't realize yet that trading is FUCKING HARD!! I am not directing my posts at these people. If I can help a couple people get closer to realizing their dream, while I continue on in my own journey, I will feel satisfied.
  • #363,133
  • Feb 12, 2014 5:24pm Feb 12, 2014 5:24pm
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some tl for you??? are we going to 67???or are we going down look at the rsi i am pushing my short order up as price moves up that way i will catch some pips if not more
  • #363,134
  • Feb 12, 2014 5:25pm Feb 12, 2014 5:25pm
Quoting PipsMaster23
G10. 1.6625/1.6650 expect some resistance but eventually it will break, 1.68 looming and if we do get above that level WOOOOOOOOOOOOOOOSH!
Do pips contain alcohol?
Be water, my friend
  • #363,135
  • Feb 12, 2014 5:26pm Feb 12, 2014 5:26pm
Quoting spocktrader
{quote} Jesus, sometimes I feel like a gay in the 50s of the last century (let's face it, I'm a bear... with Ray Bans and a leather cap ). Ok, I'm short. So what? FYI, I'm also short on EG with nice profit so far. I guess I should lock in those pips soon and then wait for Cable to come my way. It's all a matter of time. Like everything.
Haha..relax man, sorry if I offended you.
  • #363,136
  • Feb 12, 2014 5:28pm Feb 12, 2014 5:28pm
shorts getting filled!
  • #363,137
  • Feb 12, 2014 5:30pm Feb 12, 2014 5:30pm
the area was well established first as resistance then, when it broke as support on a pullback from above it...with last week's pinbar on the weekly was it really that much of a surprise a move higher ? Yes Carney has helped/accelerated it.

Best Wishes
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it's all gone a bit........
  • #363,138
  • Feb 12, 2014 5:33pm Feb 12, 2014 5:33pm
Quoting Zappa
{quote} I hear you. I know I can come off as cocky sometimes. I don't mean to, but I have strong opinions, I guess. When I am giving my opinion/advice I am not talking to everyone. I know there are other good traders on FF and they are probably silently agreeing with most of what I say. The things I say are things we all go through in our trading journey, so the more experienced traders know fully what I am talking about most of the time, I would bet. As far as me posting charts. My charts are so boring. Just a few horizontal lines that mark a few...
post your chart for nzusd you would of seen mine last night and it more or less worked i just wished i would of been in the move up but i sold my profit i would be interested because and i have said this before ,,,sometimes it is better to see things in a simple way, i just posted my chart my thoughts are on the table for traders to view, you said the day before quote .why do you guys keep shorting this and look at nzusd, i did took 17 pips profit , so you see traders do look at opinions regards E
  • #363,139
  • Feb 12, 2014 5:35pm Feb 12, 2014 5:35pm
Quoting spocktrader
{quote} Do pips contain alcohol?
yes of a night time my pips have 13% red grapes in them lol
  • #363,140
  • Feb 12, 2014 5:39pm Feb 12, 2014 5:39pm
GU is in strong uptrend about 7 months with no significant correction. We got a correction recently to 1.6289 where it retest the monthly broken tl. It is making higher high against divergence. Last correction was sharp. Now point is will it make a new high or will fail and continue in correction of the last bull run? I am bear in mind until it makes a new high. If it make a new high then it is again continuation of bull run against divergence.
Never test the depth of water with both feet.
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