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Cable Update (GBPUSD)

  • #363,921
  • Feb 16, 2014 8:22pm Feb 16, 2014 8:22pm
look at the calender event.. posibility Cable going down @Thursday or friday..
maybe this day we can only watch minor retracement.. but anything can happen right now..
the true currencies here is patience and react precisely
  • #363,922
  • Feb 16, 2014 8:23pm Feb 16, 2014 8:23pm
Quoting card
looks like the shorts have gotten slaughtered. I took a big hit last week. Glad I got out then. I'm negative for the month. : (
Much better that than blown up for good. That's good trading you did there, you should congratulate yourself.
Take your losses, evaluate, learn what you can from it, and move on.
I have no clue what I'm talking about.
  • #363,923
  • Feb 16, 2014 8:24pm Feb 16, 2014 8:24pm
correction now?
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  • #363,924
  • Feb 16, 2014 8:25pm Feb 16, 2014 8:25pm
fxcm earned on my account more than $ 20,000 and I lost all my money and all my life
  • #363,925
  • Feb 16, 2014 8:26pm Feb 16, 2014 8:26pm
I've been holding a long entry at 1.6316 for a while, not sure when to take my pips and run, it's a gift thats keeps on giving. I've got a luxurious 4oo pip trailing stop in place, but it'll annoy me abit if it gets triggered wittout gaining some more ground. Most people seem so certain that it's gonna plummet, i guess i'm counting on the most poeple are wrong concept, for now at least
  • #363,926
  • Feb 16, 2014 8:27pm Feb 16, 2014 8:27pm
Quoting Rtm
{quote} Yeah, does it even make sense? The UK desk is going to short there own currency against a shitty US dirt bag?
but i do have to admit RSI and MACD all indicating that it will fall. it should drop to at least 1.65 before rising again.
reason i say it will rise is the there are numerous fundamental announcements coming this week and it seems most of them will be in line with consensus.
nothing is hinting that it will fall.
look at the results from this morning for housing price index. it is up a lot. these are leading indicators that the next announcements of consumer consumption and industrial output should at least be in line with forecast.
  • #363,927
  • Feb 16, 2014 8:28pm Feb 16, 2014 8:28pm
Quoting veer2010
Okay, I'm back with some info again.. London desk is gonna sell GBP/USD today and they are targeting 1.63 area.. I am going short at the current price now..
So far you've not been correct with your information. But you've been close.Each time you've said London desk was going to short, we did fall by at least a few hundred pips. But the first time you were off by two days. The second time you were off by a day. And the third time I don't remember exactly.
  • #363,928
  • Feb 16, 2014 8:30pm Feb 16, 2014 8:30pm
Quoting frosty929
I've been holding a long entry at 1.6316 for a while, not sure when to take my pips and run, it's a gift thats keeps on giving. I've got a luxurious 4oo pip trailing stop in place, but it'll annoy me abit if it gets triggered wittout gaining some more ground. Most people seem so certain that it's gonna plummet, i guess i'm counting on the most poeple are wrong concept, for now at least
my recommendation is keep it running long. you can put more longs or put short of 10~30% of your longs now as it will drop a bit.
but in the end is your decision
  • #363,929
  • Feb 16, 2014 8:34pm Feb 16, 2014 8:34pm
Quoting Ken A
{quote} I always have dreams having $billions accounts to bankrupt the whole financial markets
Just keep in mind that George Soros cannot even bankrupt the whole financial system. He's a Billionaire.. oh by the way... all his billions couldn't prevent his girlfriend from punching him in the face of late. Uh, so I understand.
  • #363,930
  • Feb 16, 2014 8:34pm Feb 16, 2014 8:34pm
Quoting Baggi
{quote} So far you've not been correct with your information. But you've been close.Each time you've said London desk was going to short, we did fall by at least a few hundred pips. But the first time you were off by two days. The second time you were off by a day. And the third time I don't remember exactly.
look, if I could spot an immediate action based on the info I get, I would have been a millionaire by now and no point I would come here on this forum.. So, for me a little profit of few hundred pips are enough and that's why I am here to help few others as well who are looking for a little profit..
  • #363,931
  • Feb 16, 2014 8:36pm Feb 16, 2014 8:36pm
Quoting FxMaximus
{quote} Just keep in mind that George Soros cannot even bankrupt the whole financial system. He's a Billionaire.. oh by the way... all his billions couldn't prevent his girlfriend from punching him in the face of late. Uh, so I understand.
  • #363,932
  • Feb 16, 2014 8:41pm Feb 16, 2014 8:41pm
Whoever had short positions from 1.66 and survived.. Kudos! This has been.. crappy.. I took another short lol.. So this thing better drop now! Whoever/whichever insitution led this is probably to busy counting their billions now.
There are those who know, and there are those who don't know.
  • #363,933
  • Feb 16, 2014 8:41pm Feb 16, 2014 8:41pm
Quoting yosi408
fxcm earned on my account more than $ 20,000 and I lost all my money and all my life
sorry to hear. 20000 is not bad. Thats what i lost last week.
  • #363,934
  • Feb 16, 2014 8:42pm Feb 16, 2014 8:42pm
Quoting palabara
Whoever had short positions from 1.66 and survived.. Kudos! This has been.. crappy.. I took another short lol.. So this thing better drop now! Whoever/whichever insitution led this is probably to busy counting their billions now.
LOL...... well at least you were smart enough not to use up all your leverage until now
  • #363,935
  • Feb 16, 2014 8:42pm Feb 16, 2014 8:42pm
Quoting card
{quote} sorry to hear. 20000 is not bad. Thats what i lost last week.
Next time split 10 with me, and I'll buy you a beer.
There are those who know, and there are those who don't know.
  • #363,936
  • Feb 16, 2014 8:44pm Feb 16, 2014 8:44pm
Quoting veer2010
{quote} look, if I could spot an immediate action based on the info I get, I would have been a millionaire by now and no point I would come here on this forum.. So, for me a little profit of few hundred pips are enough and that's why I am here to help few others as well who are looking for a little profit..
Its pretty hard to provide hope here. You have to always post before and after consistently. Once you can require at least a 30 sample test of trades with a profitable outcome there cant be much said other than it you are hoping that this is true.
All posts are my personal opinion
  • #363,937
  • Feb 16, 2014 8:45pm Feb 16, 2014 8:45pm
Quoting eurusd_trade
{quote} LOL...... well at least you were smart enough not to use up all your leverage until now
It was rough, and basically even though you knew it could happen.. You would like it for it NOT to happen! It happened.. That's Forex, hopefully everyone got the bulls out of their blood and we can get this proper re-tracement on the way now.
There are those who know, and there are those who don't know.
  • #363,938
  • Feb 16, 2014 8:46pm Feb 16, 2014 8:46pm
Quoting shon9178
{quote} my recommendation is keep it running long. you can put more longs or put short of 10~30% of your longs now as it will drop a bit. but in the end is your decision
Thanks I was planning to keep it for a while at least and trust ive gained enough ground to cover any retracement. I'm just playing with nano lots so 200+pip trades are the only ones with any sigificance. I'm relatively new to this, and pretty much breaking even overall, realy enjoying the learing process though

Hope some of you enjoyed the recent gbp strengh
  • #363,939
  • Feb 16, 2014 8:47pm Feb 16, 2014 8:47pm
Quoting Ken A
{quote} Nope, closed -22 pips and went long on break-out. -22 pips are not difficult to recover. {image}
You did good Ken, I play bigger swings.. I have to swallow more risk. This case more then I wanted to, but the outcome is going to be the same is just survive the impact.
There are those who know, and there are those who don't know.
  • #363,940
  • Feb 16, 2014 8:50pm Feb 16, 2014 8:50pm
Quoting Ken A
{quote} I went short because bit angry missed the buy limit by few pips and contradicting myself because I have longs GBP/AUD, GBP/JPY, GBP/CHF, etc.
I got short EUR/USD and 2 positions Long on CAD/USD and like 3 shorts on GBP/USD.

I like many others thought the top was at 1.66 So I was like Oh let me get on this, Oh let me get on this again. Oh let me get it on 1.6750

I'm closing all my GBP positions at 1.6553
There are those who know, and there are those who don't know.
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