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Cable Update (GBPUSD)

  • #365,201
  • Feb 21, 2014 3:50am Feb 21, 2014 3:50am
Quoting Zircon
Wild bull, Wtf
With this huge buying market , i would say the high is gonna be tested ?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #365,202
  • Feb 21, 2014 3:51am Feb 21, 2014 3:51am
Quoting a16908
Can someone please tell me why after negative news G/U went almost 70 pips up?
after almost every news release, someone asks the same question - but news is often a catalyst for what the chart already tells you ... just ignore the number, and let the ones who move this market deal with it
  • #365,203
  • Feb 21, 2014 3:51am Feb 21, 2014 3:51am
u sell in weekly PRZ .. nothing to worry even in 500 pip range

look at the CD leg about 2000 pips ++

check it here dude.. we got the same
Quoting Davit
{quote} I like your harmonic chart.I had similar {image}
not euphoria follower
  • #365,204
  • Feb 21, 2014 3:51am Feb 21, 2014 3:51am
Quoting Zircon
{quote} With this huge buying market , i would say the high is gonna be tested ?
1.677x is a possibility.

And lower side is wild open.

I'll short higher
COT: The precious data ignored
  • #365,205
  • Feb 21, 2014 3:54am Feb 21, 2014 3:54am
could be a bull flag on daily developing ?...or will this rally be sold like all rallies off a new low so far this week ?

Best Wishes
it's all gone a bit........
  • #365,206
  • Feb 21, 2014 3:55am Feb 21, 2014 3:55am
Quoting kuroro001
{quote} 1.677x is a possibility. And lower side is wild open. I'll short higher
An important diagonal TREND LINE and Consolidation Down Momentum has already broken, still consider BEAR open? It has already close the door tight mate on my read.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,207
  • Feb 21, 2014 3:55am Feb 21, 2014 3:55am
fun is over let's go down slowly
With a good book and quality paper you can fine wipe your ass.
  • #365,208
  • Feb 21, 2014 3:55am Feb 21, 2014 3:55am
well im seeing perfect long signal - for a minimum of 25-50 pips
long 15lots at 1.6675. will add same if goes at 1.6665
tp at 1.670 or higher
  • #365,209
  • Feb 21, 2014 3:56am Feb 21, 2014 3:56am
Quoting kuroro001
{quote} 1.677x is a possibility. And lower side is wild open. I'll short higher
The daily is overbought , but do not know which TF is trending bull market if it is gonna break the high?.
the big picture says sell , and you see this pair still climbing???
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #365,210
  • Feb 21, 2014 3:56am Feb 21, 2014 3:56am
Quoting elbert3
trying a long from here crazy i know but the whole week has been 6638
ho ho ho not so crazy after all that just made up for the whole week, i hope you were in he grove ,respect to the short sellers looks good to short here thou
  • #365,211
  • Feb 21, 2014 3:58am Feb 21, 2014 3:58am
Quoting Hickson
Retailers punked again. Nicely done. Salmon party scheduled for 12:30 GMT.
...and add a spoonful of the finest 120$/oz caviar for those searching of an extraordinary experience
  • #365,212
  • Feb 21, 2014 3:59am Feb 21, 2014 3:59am
Quoting chazzle
{quote} after almost every news release, someone asks the same question - but news is often a catalyst for what the chart already tells you ... just ignore the number, and let the ones who move this market deal with it
Brother that's not my answer, if have a proper answer for this up move with negative news then please explain.
  • #365,213
  • Feb 21, 2014 4:01am Feb 21, 2014 4:01am
Quoting elbert3
{quote} ho ho ho not so crazy after all that just made up for the whole week, i hope you were in he grove ,respect to the short sellers looks good to short here thou
i have to come clean i put the long in and the door bell went before i could put sl in and then i realized what i have done and what a surprise , thank god or who ever it is looking after me ,
  • #365,214
  • Feb 21, 2014 4:03am Feb 21, 2014 4:03am
Quoting a16908
{quote} Brother that's not my answer, if have a proper answer for this up move with negative news then please explain.
1 answer. It is a DRAMA with actor. Maybe you will say this not a true answer today, but trade more and you will start to believe this is the best answer.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,215
  • Feb 21, 2014 4:04am Feb 21, 2014 4:04am
Quoting elbert3
{quote} i have to come clean i put the long in and the door bell went before i could put sl in and then i realized what i have done and what a surprise , thank god or who ever it is looking after me ,


Good Job mate. Only both of us aim on buying cheap. But you are further dare risk taking than me, I just stick to my rules. So I didn't buy.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,216
  • Feb 21, 2014 4:06am Feb 21, 2014 4:06am
Quoting elbert3
{quote} i have to come clean i put the long in and the door bell went before i could put sl in and then i realized what i have done and what a surprise , thank god or who ever it is looking after me ,
gone short 6675 sl and go long 6693 above the high move target 6663 then long i think to 6720
  • #365,217
  • Feb 21, 2014 4:06am Feb 21, 2014 4:06am
Quoting a16908
{quote} Brother that's not my answer, if have a proper answer for this up move with negative news then please explain.
http://www.learntotradethemarket.com...s-fundamentals
  • #365,218
  • Edited 4:19am Feb 21, 2014 4:07am | Edited 4:19am
Quoting a16908
{quote} Brother that's not my answer, if have a proper answer for this up move with negative news then please explain.
Its more about order flow.Big orders sometimes can't be unloaded without high liquidity hence MM sometimes create liquidity by pushing price opposite of their intended direction.This often refereed to as spike.Once everyone jumps in thinking its a breakout true orders start unloading going opposite way.
This is why before most major moves price often "breakout" in opposite direction only to turn around abruptly.
This is the number 1 reason why I trade on higher TF. Most retailers get caught or squeezed out in both directions when trading smaller TF.
Think of freeway.When you are too close all you see is lots of cars and noise.Step back and you see clear red lights outlining the road.Or think of painting too close you see paint brush strokes and step back you see the face.
Its important to step back.

Regards
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In trading, you have to be defensive and aggressive at the same time
  • #365,219
  • Feb 21, 2014 4:07am Feb 21, 2014 4:07am
Quoting Alorente
{quote} Bull trap... The high is still lower than yesterday´s high...
Yupe another Butterfly pattern has completed, despite the opposite direction of red news.
A handful of patience is worth a bushel of brains
  • #365,220
  • Feb 21, 2014 4:13am Feb 21, 2014 4:13am
Quoting kimisiow83
{quote} An important diagonal TREND LINE and Consolidation Down Momentum has already broken, still consider BEAR open? It has already close the door tight mate on my read. Regards
Trendlines ? Never heard about it, i could draw line anywhere on my chart and at some points they will work out.

Bears is wild open to me...i didn't say it cannot go higher though hence i'll short if it ever goes up
COT: The precious data ignored
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