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Cable Update (GBPUSD)

  • #364,961
  • Feb 20, 2014 3:38am Feb 20, 2014 3:38am
Quoting Wuza
{quote} 500 pips move from PMI's would make You less bulish I gues ? Mate as far as I see You've got some long positions open, keep You head cool while analysing and don't judge only based on Your open portfolio.. It's not bearish yet on the bigger time frames that's fact but it's likely toping this week, a clear break below 1,665 and 1,66 would mean that we are about to see an move down.
Nope, I don't judge base on my open position. Long Term, no reason I want to SELL the twins. Short Term, I just closed couple position on SELL and I believe it is time back to BULL now, just my view and not asking people to follow, right? Many people here keep pushing on SELL, I just say watch out based on my view, can I? You will never know what I am thinking, right? My broker also didn't stop me telling me that I cannot place on SELL if I already place long term on BUY. 40 pips with 6 RED FUNDAMENTAL, indeed to me is absolute jokes. I don't believe FUNDAMENTAL, I only trade with TECHNICAL so actually FUNDAMENTAL is none of my business.

Regards
Attached Image (click to enlarge)
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I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,962
  • Feb 20, 2014 3:40am Feb 20, 2014 3:40am
Quoting kimisiow83
It just good to see all the high impact news with really bad figures and can't push the twins go further below, especially only one medium impact GREEN to withstand 6 RED. Watch out the BULL behind the RED BEAR. {image}
Just wait for it!

It can go to 1.63/1.64 before heading higher again.

We have unfinished business on top near 1.677x....
COT: The precious data ignored
  • #364,963
  • Feb 20, 2014 3:45am Feb 20, 2014 3:45am
Quoting kuroro001
{quote} Just wait for it! It can go to 1.63/1.64 before heading higher again. We have unfinished business on top near 1.677x....
Thanks for advice. I already have good average profit on my LONG even I am stop out when my setup failed. I will watch my position closely and carefully not to get into this mess if it really failed my setup. So far it is still good to me, so I am still on BUY and just to keep my profit run until setup failed.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,964
  • Feb 20, 2014 3:46am Feb 20, 2014 3:46am
Tuesday's low looking vulnerable to a downside break given last 1hr close? 38.2% of 6250-6823 is at 6605, 6593 = 23.6% 5853-6823.

Best Wishes
it's all gone a bit........
  • #364,965
  • Feb 20, 2014 3:51am Feb 20, 2014 3:51am
looking to add long could be false move
  • #364,966
  • Feb 20, 2014 3:54am Feb 20, 2014 3:54am
Quoting Wuza
{quote} 500 pips move from PMI's would make You less bulish I gues ? Mate as far as I see You've got some long positions open, keep You head cool while analysing and don't judge only based on Your open portfolio.. It's not bearish yet on the bigger time frames that's fact but it's likely toping this week, a clear break below 1,665 and 1,66 would mean that we are about to see an move down.
Yes, I do know it have possible breakdown but 1.6650, too early to me. To me, it will only a break of 1.660x will open the door to go down. I just feel that someone wants it to go up and holding, so it is still bull to me.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,967
  • Feb 20, 2014 4:07am Feb 20, 2014 4:07am
Quoting kuroro001
{quote} Just wait for it! It can go to 1.63/1.64 before heading higher again. We have unfinished business on top near 1.677x....
Especially we have different view. I see it will only build higher 1st, then only go lower. Because last 3 weeks, it already build lower to 1.62, so it is time now to build higher and not lower to me.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,968
  • Feb 20, 2014 4:10am Feb 20, 2014 4:10am
Quoting kimisiow83
{quote} Especially we have different view. I see it will only build higher 1st, then only go lower. Because last 3 weeks, it already build lower to 1.62, so it is time now to build higher and not lower to me. Regards
That's a possibility, i have no ideas, i'm playing with the current PA and making profit out of it

Right now i'm short looking for a lower move...i may switch side whenever i see an opportunity

GL to you!
COT: The precious data ignored
  • #364,969
  • Feb 20, 2014 4:14am Feb 20, 2014 4:14am
Quoting kuroro001
{quote} That's a possibility, i have no ideas, i'm playing with the current PA and making profit out of it Right now i'm short looking for a lower move...i may switch side whenever i see an opportunity GL to you!
Yes, each way have possibilities now and neutral to me. I am also playing PA on intraday making more on scalp trade. But LONG TERM, I will still in BUY because higher possibilities to me. I don't change my LONG TERM, setup failed and I am out.

Same, Good Luck to you too.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,970
  • Feb 20, 2014 4:15am Feb 20, 2014 4:15am
Stay chill n let market decide. GL for everyone!!!
A handful of patience is worth a bushel of brains
  • #364,971
  • Feb 20, 2014 4:34am Feb 20, 2014 4:34am
sell 652 sl 685
With a good book and quality paper you can fine wipe your ass.
  • #364,972
  • Feb 20, 2014 4:48am Feb 20, 2014 4:48am
out 644
With a good book and quality paper you can fine wipe your ass.
  • #364,973
  • Feb 20, 2014 4:49am Feb 20, 2014 4:49am
if 6635 will be dramatically blowen up then 6535 in 1 hour candle.
Another thing id 6635 will stand today then it will shoot up to 6735 again.
  • #364,974
  • Feb 20, 2014 4:51am Feb 20, 2014 4:51am
Quoting Trader88q
if 6635 will be dramatically blowen up then 6535 in 1 hour candle. Another thing id 6635 will stand today then it will shoot up to 6735 again.
strong accusations, sir
  • #364,975
  • Feb 20, 2014 5:01am Feb 20, 2014 5:01am
the big bearish 1hr candle a couple of candles back remains ominous and suggests a higher chance of a break down thru that lo than not ? some support there though in this moment ?

Best Wishes
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it's all gone a bit........
  • #364,976
  • Feb 20, 2014 5:02am Feb 20, 2014 5:02am
look like huge activity when the price was lower than current level

is it starting a large move up soon?
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  • #364,977
  • Feb 20, 2014 5:05am Feb 20, 2014 5:05am
Quoting Kimchi
{quote} davit have u place ur sell order yet?
No because it did not trigger my limit order.
I am trading with strict discipline and not forcing trades.Let the trades come to me

Worth reading, a philosophy I practice.
In trading, you have to be defensive and aggressive at the same time
  • #364,978
  • Feb 20, 2014 5:15am Feb 20, 2014 5:15am
Quoting Davit
{quote} No because it did not trigger my limit order. I am trading with strict discipline and not forcing trades.Let the trades come to me Worth reading, a philosophy I practice.
yep I already read that physiological crocodile method from ur previous posts, sorry im just too hungry to read everything about physiological trading
thank you for share it again! Good read indeed. Patience is the Key!
A handful of patience is worth a bushel of brains
  • #364,979
  • Feb 20, 2014 5:17am Feb 20, 2014 5:17am
Quoting ozboy
look like huge activity when the price was lower than current level is it starting a large move up soon? {image}
interesting / I don't know but in last 2hrs bulls have not made much progress ?

Best Wishes
it's all gone a bit........
  • #364,980
  • Feb 20, 2014 5:19am Feb 20, 2014 5:19am
Quoting Kimchi
{quote} yep I already read that physiological crocodile method from ur previous posts, sorry im just too hungry to read everything about physiological trading thank you for share it again! Good read indeed. Patience is the Key!
Read this you will love it.
Attached File(s)
File Type: pdf The Secrets to_ - Unknown.pdf   484 KB | 601 downloads
In trading, you have to be defensive and aggressive at the same time
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