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Cable Update (GBPUSD)

  • #363,641
  • Feb 14, 2014 1:38pm Feb 14, 2014 1:38pm
Hello GBP/US

Kept a small long open to 168

closed the rest

Must be getting close to a retrace

Yeah playing safe this week

End off week could go higher

The pump in dump

I am not in the mood to lose my weeks profit

Just wish I had really loaded it up
  • #363,642
  • Feb 14, 2014 1:44pm Feb 14, 2014 1:44pm
Quoting Psychologist
{quote} There is absolutely no pressure on the BoE to tighten. U.K. inflation is soft and why on earth should they tighten when they still have a room to ease more and eliminate the slack completely?!

this^^^^


1.9....1.8% CPI print tuesday and this thing is down 200 pips.
Twitter: @TrendersGame
  • #363,643
  • Feb 14, 2014 2:00pm Feb 14, 2014 2:00pm
buy every dip till tuesday
With a good book and quality paper you can fine wipe your ass.
  • #363,644
  • Feb 14, 2014 2:07pm Feb 14, 2014 2:07pm
Quoting Psychologist
{quote} There is absolutely no pressure on the BoE to tighten. U.K. inflation is soft and why on earth should they tighten when they still have a room to ease more and eliminate the slack completely?!
Ok, then go short. Good luck. Nobody said it would make any sense.
Fix up, trade sharp ...
  • #363,645
  • Feb 14, 2014 2:14pm Feb 14, 2014 2:14pm
Quoting Suffo
buy every dip till tuesday
Gidday

Yeah played it safe until next week

trying to rebuild account

to muchy playing in the dander zone

got burned

GPB/NZ been a good earner for me

YEN been hard work this week

hard to catch the moves
  • #363,646
  • Feb 14, 2014 2:20pm Feb 14, 2014 2:20pm
Maybe what we thought it is being a bear trap it is in fact a bull trap, haha. Time just will tell!
  • #363,647
  • Feb 14, 2014 2:24pm Feb 14, 2014 2:24pm
literally everything is a trap
With a good book and quality paper you can fine wipe your ass.
  • #363,648
  • Feb 14, 2014 2:24pm Feb 14, 2014 2:24pm
What we gain from the last few pages is no one has a clue what the fundamentals hold
  • #363,649
  • Feb 14, 2014 2:29pm Feb 14, 2014 2:29pm
Quoting el_duende
What we gain from the last few pages is no one has a clue what the fundamentals hold
  • #363,650
  • Feb 14, 2014 2:29pm Feb 14, 2014 2:29pm
Quoting el_duende
What we gain from the last few pages is no one has a clue what the fundamentals hold
Seriously
  • #363,651
  • Feb 14, 2014 2:31pm Feb 14, 2014 2:31pm
remember-market is always rational!
With a good book and quality paper you can fine wipe your ass.
  • #363,652
  • Feb 14, 2014 2:51pm Feb 14, 2014 2:51pm
Hi all, I'm a newbie in trading.. So please be kind to my doubt.. Can I expect a 1.7xxx next week or 1.5xxx ?
  • #363,653
  • Feb 14, 2014 2:53pm Feb 14, 2014 2:53pm
Guys,
Everyone warries about weather in US but no one speak about flood in England. UK data will also be influenced by weather, just wait and see.
  • #363,654
  • Feb 14, 2014 2:56pm Feb 14, 2014 2:56pm
i am just waiting this one out till there are some clear signs. its just too risky to buy or sell for me. im just going to wait this one out.
  • #363,655
  • Feb 14, 2014 2:57pm Feb 14, 2014 2:57pm
Ive got a few thoughts at the end of this week about this incredible surge upward.

1) If everyone is already short, how will this stop going up? Until we see more of a 50/50 split in the long/short divide, I don't see how this comes back down. I suppose institutions could start taking profits?

2) This is starting to look to me like we are going to form a new top and a new bottom. The old highs will become the new floor. And we'll move in that area for a bit, perhaps. This means we need to continue to go up still in order to have more room on the downside.

3) The moment I buy long, this will turn around and head south. Who wants to pay me money to buy long in order to accomplish this feat?
  • #363,656
  • Feb 14, 2014 2:59pm Feb 14, 2014 2:59pm
Look at what Elliott Wave International says about GBPUSD (I'm not suscribed to the service, but this is their free week, in case anyone is interested). Monthly and daily charts.
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  • #363,657
  • Feb 14, 2014 3:12pm Feb 14, 2014 3:12pm
thats me triggered 3 rd short now we should see fake break out the down weekly double top is 6744
  • #363,658
  • Feb 14, 2014 3:26pm Feb 14, 2014 3:26pm
Quoting Psychologist
It seems that once again a massive trap is being prepared to trap the naive breakout traders. While BoE has adopted a more dovish bias by dropping the unemployment rate as a rate hike trigger, FD has clearly stated that they are on their course to taper gradually. How can this be bullish for Cable is beyond my imagination, other than we will be witness to a massive selling next week.
Totally agree... short 1.6750 tp open no sl
  • #363,659
  • Feb 14, 2014 3:28pm Feb 14, 2014 3:28pm
Quoting eliasahmar
{quote} Totally agree... short 1.6750 tp open no sl
Why not short 50 Lots, no SL, Equity does not matter because stochastics say "overbought"
Fix up, trade sharp ...
  • #363,660
  • Feb 14, 2014 3:32pm Feb 14, 2014 3:32pm
Quoting GlobalMacro
Cable now 1.6636 = BUY STOP ENTRY ORDER FILLED @ 1.6635. LONG @ 1.6635 S / L : 1.6567 T / P : OPEN
OK. Time to set profit protection stop (S/TP) @ 1.6655.
Continuing to carry the position.

LONG @ 1.6635

S/TP : 1.6655

T / P : OPEN

Cable now 1.6747 Today's High: 1.6756
Open P&L : + 112 pips
Hear the music before the song is over ...
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