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Cable Update (GBPUSD)

  • #363,361
  • Feb 14, 2014 12:40am Feb 14, 2014 12:40am
Why bloomberg created video about european break down. hmm. do they do its just to do? really ?
Anoter thing is why my broker put automatic position closed on DOW index in mid march.
Another think the next week UK CPI and UK unemployment. Those numbers will not be so pretty strong i think. So the trigger is no the near horizon.
Today? Today the tank is empty to go somewhere. End of the week.
  • #363,362
  • Feb 14, 2014 1:20am Feb 14, 2014 1:20am
So far its happening as I expected.

Now the question is, when to enter.
  • #363,363
  • Feb 14, 2014 1:23am Feb 14, 2014 1:23am
Quoting eurusd_trade
{quote} GBP crosses have lost ground in Asia session to AUD, CAD, and JPY. EG is also off lows. This reduces the probability of a break higher for now. We almost surely need to wait until data next week or pre-data next week for the push. I wouldn't waste time on GU for now, we had a great session in the JPY, look at something else.
thinkin abt a short limit order @ 1.6670
  • #363,364
  • Feb 14, 2014 1:35am Feb 14, 2014 1:35am
Since ya'all are thinking so hard..... with no definite answer..........
would it be unrealistic to just let it ride until a clearer picture arrives.

Sometimes, the best trade is no trade.

Comprende' ?
When the Joker is in the deck.. fear not and play it well
  • #363,365
  • Feb 14, 2014 1:54am Feb 14, 2014 1:54am
Quoting Beli
One thing is very interesting...when price is low,last friday was about 1.638x,everybody talking about TA,trend and further fall...now when price is high everybody talking again about TA,trend and further up... Dont you all think it's better to buy at low and sell on high??? Same thing on EUR/USD...
Good point! A typical error of human perception is to expect a trend or a tendency to last forever... especially when you're in profit. Just think about who's talking about levels of 1.68 or 1.70.
Basically you expect the market to do what you want it to. I'm short, so I expect it to turn... although I wouldn't be surprised if it faked out first.

Cheers!
Be water, my friend
  • #363,366
  • Feb 14, 2014 2:03am Feb 14, 2014 2:03am
Quoting spocktrader
{quote} Good point! A typical error of human perception
The actual error (IMHO) is the proven fact that one's fear of losing money
exceeds the desire to make money.

Takes a minute for that to sink in.... but it will.
When the Joker is in the deck.. fear not and play it well
  • #363,367
  • Feb 14, 2014 2:04am Feb 14, 2014 2:04am
definitely a fully fledged bubble like the S&P 500. its gone totally exponential on the charts
  • #363,368
  • Feb 14, 2014 2:11am Feb 14, 2014 2:11am
it will reach fibo 161??
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  • #363,369
  • Feb 14, 2014 2:11am Feb 14, 2014 2:11am
Trying a short here. Tight stop.
  • #363,370
  • Feb 14, 2014 2:12am Feb 14, 2014 2:12am
the rise on this defies all logic. its interest rate rise is over 12 months away. and it'll be small. not enough to account for a near 67% premium over the USD!!
  • #363,371
  • Feb 14, 2014 2:16am Feb 14, 2014 2:16am
Quoting Halba
the rise on this defies all logic. its interest rate rise is over 12 months away. and it'll be small. not enough to account for a near 67% premium over the USD!!
im thinking the exact same thing, during shit time, no major news release? i guess just speculating on this principle? i dunnomwtf
All posts are my personal opinion
  • #363,372
  • Feb 14, 2014 2:17am Feb 14, 2014 2:17am
Quoting Baggi
Trying a short here. Tight stop.
Good luck! I'm waiting for a red candle on the 15M before thinking about shorting this pair.
The trend is not your friend, it's your master.
  • #363,373
  • Feb 14, 2014 2:18am Feb 14, 2014 2:18am
Quoting Rtm
{quote} im thinking the exact same thing, during shit time, no major news release? i guess just speculating on this principle? i dunnomwtf
if it was 1.10 or something i could understand a rise. but it was already 1.63 prior to the rise, and lot was factored in.
this is a massive bank manipulation and eventually they'll burst it back down.

a massive 67% premium to the USd. surely 4-5% interest rates are factored in now, its so over valued its not funny anymore.
  • #363,374
  • Feb 14, 2014 2:21am Feb 14, 2014 2:21am
Hello GBP/US

Wow were is this going now

Been closing longs out an its still climbing

The rest to 1.675

Man can drop like a stone an you end up with sweat FA
  • #363,375
  • Feb 14, 2014 2:22am Feb 14, 2014 2:22am
Quoting Halba
{quote} this is a massive bank manipulation
Get Real

It was" in the chart"
When the Joker is in the deck.. fear not and play it well
  • #363,376
  • Feb 14, 2014 2:25am Feb 14, 2014 2:25am
Quoting Slim Buffett
{quote} The actual error (IMHO) is the proven fact that one's fear of losing money exceeds the desire to make money. Takes a minute for that to sink in.... but it will.
Tried to remove fear in the past and trade without it but still failed.
  • #363,377
  • Feb 14, 2014 2:25am Feb 14, 2014 2:25am
could be push higher price to accumulating short ?
anyone know why there were big down candles every year on January 5th?
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  • #363,378
  • Feb 14, 2014 2:26am Feb 14, 2014 2:26am
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thats about the size if it unless on the day chart if you look price drops back showing it to be a false break on the/or what would of been a double top, i was long 6628 and took profit 6660 were i though it would of went short,, that was 3 trades i took profit on and closed far to early
  • #363,379
  • Feb 14, 2014 2:26am Feb 14, 2014 2:26am
If markets acted like we wanted them to or thought they ought to all the time, we'd be rich.

Look at the fall of the pound years ago. How many people kept screaming it was oversold and had to go back up until they lost all their money?

Eventually it'll stop going up, just difficult to say when.
  • #363,380
  • Feb 14, 2014 2:34am Feb 14, 2014 2:34am
Well, I was stopped out already.

I'm sure I'll wake up in the morning and I'll have been in the money if I wasn't stopped out.
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