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Cable Update (GBPUSD)

  • #365,121
  • Edited 12:54am Feb 21, 2014 12:32am | Edited 12:54am
... so we are ready to drop
With a good book and quality paper you can fine wipe your ass.
  • #365,122
  • Edited 12:56am Feb 21, 2014 12:35am | Edited 12:56am
small-sell 644 sl 685
With a good book and quality paper you can fine wipe your ass.
  • #365,123
  • Feb 21, 2014 12:40am Feb 21, 2014 12:40am
Also simpletons posting crap about me who are on my ignore list are eagerly reading my posts and responding.Begs the question If I am on your ignore list then why you bother reading me and responding? so idiotic reasoning becomes a self fulfilling prophecy.
To make it more comical the moron actually thanked Twee for the ignore feature
Use it Idiot!
In trading, you have to be defensive and aggressive at the same time
  • #365,124
  • Feb 21, 2014 12:45am Feb 21, 2014 12:45am
Quoting Davit
Also simpletons posting crap about me who are on my ignore list are eagerly reading my posts and responding.Begs the question If I am on your ignore list then why you bother reading me and responding? so idiotic reasoning becomes a self fulfilling prophecy.
You've got a pretty full ignore list lol.

Btw.. did you finish season 2 of House of Cards Netflix version. I'm on Eps 11.. It's good!
There are those who know, and there are those who don't know.
  • #365,125
  • Feb 21, 2014 12:48am Feb 21, 2014 12:48am
Quoting Davit
Also simpletons posting crap about me who are on my ignore list are eagerly reading my posts and responding.Begs the question If I am on your ignore list then why you bother reading me and responding? so idiotic reasoning becomes a self fulfilling prophecy. To make it more comical the moron actually thanked Twee for the ignore feature Use it Idiot!
chill mate
  • #365,126
  • Feb 21, 2014 12:54am Feb 21, 2014 12:54am
Quoting palabara
{quote} You've got a pretty full ignore list lol. Btw.. did you finish season 2 of House of Cards Netflix version. I'm on Eps 11.. It's good!
More my equity grows higher bigger my idiot-ignore list becomes.Its only logical that only few % of people are successful in trading...and rest are just
hanging from other people's balls.
Constant brown nosing makes me vomit "wise words" "you are pro" "666 wow magical number"
Shit like that.Its obvious who is who here!

I am on season 2 episode 25
In trading, you have to be defensive and aggressive at the same time
  • #365,127
  • Feb 21, 2014 1:00am Feb 21, 2014 1:00am
Quoting Davit
{quote} More my equity grows higher bigger my idiot-ignore list becomes.Its only logical that only few % of people are successful in trading...and rest are just hanging from other people's balls. Constant brown nosing makes me vomit "wise words" "you are pro" "666 wow magical number" Shit like that.Its obvious who is who here! I am on season 2 episode 25
You mean chapter 25.

People find their own idols on here. It's not so bad, It used to be a whole lot worst. What truly matters, its whatever works for whoever, and whoever manages to stick in the game long enough become overtime successful. To quote you, hanging on only lasts so long before those who make it find their own path, and if they last on that path then overtime they might reach the destination.

I guess we all get there our own way.
There are those who know, and there are those who don't know.
  • #365,128
  • Feb 21, 2014 1:06am Feb 21, 2014 1:06am
Followers doesn't win in this game.
  • #365,129
  • Feb 21, 2014 1:06am Feb 21, 2014 1:06am
Quoting palabara
{quote} You mean chapter 25. People find their own idols on here. It's not so bad, It used to be a whole lot worst. What truly matters, its whatever works for whoever, and whoever manages to stick in the game long enough become overtime successful. To quote you, hanging on only lasts so long before those who make it find their own path, and if they last on that path then overtime they might reach the destination. I guess we all get there our own way.
Based upon Carney's comments we are heading south.With floods and winter unemployment numbers coming up negative only direction or path of least resistance is south Bear.
Yes I could be wrong as well since nobody knows the future 100% but I like logic and that's my logical deduction.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #365,130
  • Feb 21, 2014 1:07am Feb 21, 2014 1:07am
we have news people!!!

"Having said that, the recent economic data released in the UK, has made many investors wary. But, the retail sales data which is due at 09:30 GMT today can surprise traders for a number of reasons. For instance, British Retail Consortium confirmed that the retail demand is at its strongest level, as compared to the last two and half years ago. Moreover, the jobless claims also fell more than many expected, during the last month, and on top of that, average earnings increased more than the forecast. The net effect of this is the increase in the consumer demand, which we think could push the retail number higher today. If the final number comes at a better level, we could see a rally in the GBP/USD pair and the FTSE 100 could rally on the back of this news. "
  • #365,131
  • Feb 21, 2014 1:12am Feb 21, 2014 1:12am
Quoting Davit
{quote} Based upon Carney's comments we are heading south.With floods and winter unemployment numbers coming up negative only direction or path of least resistance is south Bear. Yes I could be wrong as well since nobody knows the future 100% but I like logic and that's my logical deduction. Regards
I'm not disagreeing, my system also about to confirm a move south. Its not 100% accurate, but out 55 trades 100 pip TP got hit 33 times. So its 60% Accurate that a move down can occur -- which is good enough for me. I already had a short trade before when I thought the top was reached -- Which was my mistake, but it was no point for me to exit as I was waiting for this confirmation.

I also believe until, I get a confirming exit -- We are moving down.. I continue to hold my short positions until the move is finished.
There are those who know, and there are those who don't know.
  • #365,132
  • Feb 21, 2014 1:17am Feb 21, 2014 1:17am
Quoting taomql4
{quote} Funny you say that !!! lol - I'm expecting some kind of a Zig Zag pattern( 4hr chart..) to finish the week .. Short now , will go long , then short to end the week .. Will see how she goes .. {image}
Didn't take the long , was busy bullsh**ting on tweeter ..lol
Okay - Gotta hit the sheets - Not expecting it to go higher before it falls for the final leg ...

Nite ..
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  • #365,133
  • Feb 21, 2014 1:17am Feb 21, 2014 1:17am
Quoting shon9178
we have news people!!! "Having said that, the recent economic data released in the UK, has made many investors wary. But, the retail sales data which is due at 09:30 GMT today can surprise traders for a number of reasons. For instance, British Retail Consortium confirmed that the retail demand is at its strongest level, as compared to the last two and half years ago. Moreover, the jobless claims also fell more than many expected, during the last month, and on top of that, average earnings increased more than the forecast. The net effect of this...
You could be right but most people don't shop big ticket items in February while massive parts of the country is battling floods.
I suspect Jan positive numbers were result of holiday shopping.No holiday now...
In trading, you have to be defensive and aggressive at the same time
  • #365,134
  • Feb 21, 2014 1:20am Feb 21, 2014 1:20am
Quoting Davit
{quote} You could be right but most people don't shop big ticket items in Jan and February while massive parts of the country is battling floods. Last winter retail was negative so why should it positive this time around.
Even good news can be reflected as bad news.. Good Numbers can give a spike followed by.. a fall as their might be nothing to sustain it, can be brushed off as a fluke.. Like with the Eur and sentiment where it completely ignored the number.

What I'm saying can be taken with grain of salt.. but just a precaution.. A lot of fundamentals have been ignored by the market.. Some have already been discounted in.. Whatever the case might be.. My advice to anyone reading.. Don't chase the train.
There are those who know, and there are those who don't know.
  • #365,135
  • Feb 21, 2014 1:22am Feb 21, 2014 1:22am
Anyways.. I'm hitting the sack.. Bigger picture its FRIDAY.. I'm personally not worried on the fundamentals. Night everyone, good luck and stay safe on the green side of the landscape.
There are those who know, and there are those who don't know.
  • #365,136
  • Feb 21, 2014 1:24am Feb 21, 2014 1:24am
GU H1

long here looking for 720 - chart speaks for itself
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  • #365,137
  • Feb 21, 2014 1:51am Feb 21, 2014 1:51am
sell 665 sl 685
With a good book and quality paper you can fine wipe your ass.
  • #365,138
  • Feb 21, 2014 1:54am Feb 21, 2014 1:54am
Quoting Suffo
sell 665 sl 685
It may spike before news release....
In trading, you have to be defensive and aggressive at the same time
  • #365,139
  • Feb 21, 2014 1:55am Feb 21, 2014 1:55am
Quoting Davit
{quote} Based upon many analysts and Carney himself stating on numerous times that economy needs time to recover before IR hike.He even downplayed 7% unemployment number making it clear its no longer a bench mark. Economy is a living thing hence nothing can be stated in concrete terms however factual part of Carney stating his position on numerous occasions solidifies his position that IR raise is 1-2 year away certainly not on immediate future. This is not my Opinion but Carney himself! " “There are some very big forces that are operating now and...
I am well aware of the macro situation surrounding the UK economy, more so than your good self, so I don't really need the links provided relating to quotes by Carney. Bear in mind also that Carney's views are just that: "views" based on internal BOE forecasts (which are often wrong), not factual immovable statements. My point is you were being disingenuous in quoting as fact that there will be no increase to the Bank Rate in the next 1.5-2 years - this we simply cannot say for certain, however high the probability of it being the actual outcome.

All the best.
  • #365,140
  • Feb 21, 2014 2:04am Feb 21, 2014 2:04am
Quoting Davit
{quote} It may spike before news release....
Might be profit taking after the push down yesterday before news.
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