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Cable Update (GBPUSD)

  • #363,401
  • Feb 14, 2014 3:10am Feb 14, 2014 3:10am
Quoting Davit
{quote} Yes I am aware of the low liquidity factor but its not out of question to assume MM are aiming where the cherry is. Not accidental higher the retail shorts got stronger up moves became.Can't be coincidental.
when we give up, this shit will go down ... damn
  • #363,402
  • Feb 14, 2014 3:11am Feb 14, 2014 3:11am
Quoting shon9178
this is getting sick when's the rally going to stop? it's already 450+ pips from recent bottom. anyone has fundamentals + charts to logically explain what the F is happening?????????
Yellen's lame passive attitude did not help.Market sensed a seating Duck USD
When I look back to her testimony it was not aggressive and not positive.
I got suckered in as well.Should of sensed this coming.
In trading, you have to be defensive and aggressive at the same time
  • #363,403
  • Feb 14, 2014 3:13am Feb 14, 2014 3:13am
Quoting ozboy
{quote} when we give up, this shit will go down ... damn
Bill Willams describes that as personal fractal....
In trading, you have to be defensive and aggressive at the same time
  • #363,404
  • Feb 14, 2014 3:16am Feb 14, 2014 3:16am
For Bears key is EU
If she falls to 1.35 will drag cable down as well.So far its cable that is sustaining EU but too many factors against EU so it wont stay at 3690 37 long.
In trading, you have to be defensive and aggressive at the same time
  • #363,405
  • Feb 14, 2014 3:17am Feb 14, 2014 3:17am
Quoting GlobalMacro
{quote} Raising S/L to 1.6587 and continuing to carry the position. LONG @ 1.6635 S / L : 1.6587 T / P : OPEN Cable now 1.6710 Today's High: 1.6716 P&L : + 75 pips

Hi Global,

Every day, I come in here in quest of your indi and I'm.
One can ask me why am I interested on something that is just a few numbers without much explanation on how it's built. The answer is I think that I can learn few things in just observing how the numbers evolve day after day and may find some clues on how to finish building my own indi. Please post it if it's not annoying you.

Thanks and GL.
Don't be smart. Be rich.
  • #363,406
  • Feb 14, 2014 3:18am Feb 14, 2014 3:18am
i am going to go with that 25% trend and short it there on the hopefully fake or false break of the weekly double top just watch for a nice candle down at the short order 6729
  • #363,407
  • Feb 14, 2014 3:19am Feb 14, 2014 3:19am
hmz what a smell
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  • #363,408
  • Feb 14, 2014 3:23am Feb 14, 2014 3:23am
Quoting Davit
{quote} when we have 78% retail short They will push as far they can because its free money collected. I used to be skeptical about this but I have seen evidence market pushing for stops.Remember Christmas holiday time EU got pushed over 100pips for no reason no news nothing then fell once market resumed. This may sound weird and illogical but I am calm knowing once all the stops get cleared this thing will drop in a very fast manner. {image}
Hey Davit,
I totally agreed with you! I realized it quite a few times already!
  • #363,409
  • Feb 14, 2014 3:24am Feb 14, 2014 3:24am
sell 707 sl 715
With a good book and quality paper you can fine wipe your ass.
  • #363,410
  • Feb 14, 2014 3:25am Feb 14, 2014 3:25am
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thats the orders in and i am out gl
  • #363,411
  • Feb 14, 2014 3:29am Feb 14, 2014 3:29am
Got SL at 6710. Nice - 11% this week hmm looks like my 6600 was bad idea. But u know i need more my blood i put short at 6700 again. fak u my broker.
  • #363,412
  • Feb 14, 2014 3:31am Feb 14, 2014 3:31am
I will battle this market and will do what ever it takes. We could easy go to 6900 but i will sell SELL SELL and fak those hunters.
  • #363,413
  • Feb 14, 2014 3:31am Feb 14, 2014 3:31am
enter again
With a good book and quality paper you can fine wipe your ass.
  • #363,414
  • Feb 14, 2014 3:34am Feb 14, 2014 3:34am
Quoting chazzle
720 holds for retest of 694 imo
close enough - waiting for next move
  • #363,415
  • Feb 14, 2014 3:34am Feb 14, 2014 3:34am
And now i will not close my 6700 at 6470 i will close it at 6350 at least. i am a bit angry cause the market catch and me too. i entered short at the end of this week and fk 9 pips hit more than my SL. What if i put 6730 SL then what? 6750 i am angry very angry today.
  • #363,416
  • Feb 14, 2014 3:36am Feb 14, 2014 3:36am
SL 715
With a good book and quality paper you can fine wipe your ass.
  • #363,417
  • Feb 14, 2014 3:39am Feb 14, 2014 3:39am
Quoting Suffo
SL 715
I ussually use 100-150 pips SL that can eat 10-15% of my account but ussually i sell and buy on the less risk zone and dont get SL.
BUT this week is real hell look at weekly big fk green candle. Its like long dick of elephant
  • #363,418
  • Feb 14, 2014 3:39am Feb 14, 2014 3:39am
I must say it is more entertaining to look at the cable chart now than some Olympic events.
If i would not know,what i don't know.
I would presume that the Brits are on the roll colonizing the 1/4 of the worlds as they did a few centuries ago.
Remember,markets can be irrational more than you think. An upcoming weeks price formation will be interesting indeed.
  • #363,419
  • Feb 14, 2014 3:40am Feb 14, 2014 3:40am
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With a good book and quality paper you can fine wipe your ass.
  • #363,420
  • Feb 14, 2014 3:41am Feb 14, 2014 3:41am
Quoting IveGotQuads
{quote} 1.6645 would be considered a minor zone and yes there are shorting opportunities but thats with a high risk as theres a little room for upside movement. perhaps waiting a bit for price to reach 1.6700 is a better high probability trade and getting a good reversal signal. Either bearish engulfing , kangarro tail or pin bar , or harami or the belt or whatever you use for reversals. if you are trading with the double top reversal (Moolah is the nickname I believe) with all the characteristics then its not high probability right now since price...
You can see here when I mentioned shorting at that time was a very risky trade as there was still some upsides left. Now this is the double top you wanted. (1)Its on a major resisitance zone. (2) theres room to the left where price hasnt touched. (3) Its at an extreme point (4) there is at least 6 candlesticks between the 2 points. With all this working for you all you have to look for is a reversal signal. Too many to list but im sure you all know them by now

This is the 4hr time frame and a zoomed in 15 min TF....enjoy the shorting gl.
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