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Cable Update (GBPUSD)

  • #366,821
  • Mar 3, 2014 1:56pm Mar 3, 2014 1:56pm
Quoting Citiboy
I hope I am not alone in thinking the entire month of February was pretty much crap for trading across all pairs excluding CAD. Feb was a month to be trading gold,oil, silver and coffee. Anyone else have thoughts? Im guessing certain super disciplined range traders out there did ok.
Sometimes you just have to be at the right place at the right time like today. GB is a tricky currency to trade. It can trend really well for a while and then it would all of sudden stop for no reason at all. And when it's trending, it can move A LOT!! I have seen it move like 100 pips a day. So imagine if you are on the wrong side when it's trending well, then it's really tough.
Make your losses in demo. Earn your profits live.
  • #366,822
  • Mar 3, 2014 1:57pm Mar 3, 2014 1:57pm
Quoting JimmyC
Nothing impresses your enemy more than the sound of your guns http://en.ria.ru/military_news/20140...in-Baltic.html
Russia makes some of the best if not the best rocket launchers specially multiple ones continued tradition from ww2 Katusha which at the time was feared.
Now its called Tochka and it can take 60 hectors in 20seconds in total destruction.
I am big fan of Russian military hardware.
In trading, you have to be defensive and aggressive at the same time
  • #366,823
  • Mar 3, 2014 1:58pm Mar 3, 2014 1:58pm
Quoting Mr.C
Good day traders. First order this week/month and I'm back to GBP/USD after some time. Bought the pair @ 1,6730. SL @ 1,6690. Wish everyone a sunny, successful and of course profitable spring!
Today's cable long failed with -0,9% on the overall account. No new calls today. Wish you all a nice evening and good luck while hunting pips.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #366,824
  • Mar 3, 2014 1:59pm Mar 3, 2014 1:59pm
Quoting Forexia
{quote} Sometimes you just have to be at the right place at the right time like today. GB is a tricky currency to trade. It can trend really well for a while and then it would all of sudden stop for no reason at all. And when it's trending, it can move A LOT!! I have seen it move like 100 pips a day. So imagine if you are on the wrong side when it's trending well, then it's really tough.
I think GBP USD average pip movement is in the 100 range almost everyday.
Everything you want lies on the other side of fear.
  • #366,825
  • Mar 3, 2014 2:00pm Mar 3, 2014 2:00pm
Quoting Neeraj_Raj
{quote} Jan was such a fine month, and Feb was like may God Save The Queen
Actually Jan. was not good either. For the 1st two weeks, it was like dead with no movements.
Make your losses in demo. Earn your profits live.
  • #366,826
  • Mar 3, 2014 2:02pm Mar 3, 2014 2:02pm
Quoting Davit
{quote} Russia makes some of the best if not the best rocket launchers specially multiple ones continued tradition from ww2 Katusha which at the time was feared. Now its called Tochka and it can take 60 hectors in 20seconds in total destruction. I am big fan of Russian military hardware.
We called it Stalin's organ in honour of its predecessors.
  • #366,827
  • Mar 3, 2014 2:07pm Mar 3, 2014 2:07pm
Quoting elbert3
{image} looks like we could be heading for the 200sma, its up and down for a few days or a big sell off
nice indi....Tahan
  • #366,828
  • Mar 3, 2014 2:10pm Mar 3, 2014 2:10pm
Quoting mangkubumi
{quote} nice indi....Tahan
thanks, just turnned bear from bull, so i now have to think bear, lol,,, gl
  • #366,829
  • Mar 3, 2014 2:11pm Mar 3, 2014 2:11pm
Quoting JimmyC
Candle study (to pass the time) $SPX 500 March future. Given events present and the significant Bull run experienced in the US markets, the rare formation of the hanging man can only be confirmed in 40 minutes but this is a bearish candle formation. Note the window above, western technicians would prefer the term acceleration gap... Not everyday you see an index print this more common here in FX world Chart {image}
And down she goes, selling off into the close
  • #366,830
  • Mar 3, 2014 2:13pm Mar 3, 2014 2:13pm
Quoting Citiboy
{quote} aaaaaah, you know the classics. great song right there.
Quoting HDA
{quote} @taomql4: Love the song While we are all sharing our opinions on the market, we must do our own analysis and trade what you see and not necessarily what others see. If you both see the same thing, then make that trade, but do not blindly follow traders. Everyone's methodology, risk tolerance and account size is not the same. Very good point taomql4 HDA OUT
I have it on Full Blast anytime GU is acting weird ..lol


Ze Pattern is Complete ..
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  • #366,831
  • Mar 3, 2014 2:15pm Mar 3, 2014 2:15pm
Hoping the panic selling continues in the russian market. I've already been watching Russia for potential buying opportunity because it's one of the best opportunities out there. It's getting cheaper and cheaper, going to be a great buy! Keep selling off big please !
  • #366,832
  • Mar 3, 2014 2:19pm Mar 3, 2014 2:19pm
Quoting Citiboy
I hope I am not alone in thinking the entire month of February was pretty much crap for trading across all pairs excluding CAD. Feb was a month to be trading gold,oil, silver and coffee. Anyone else have thoughts? Im guessing certain super disciplined range traders out there did ok.
Gold and silver / usd were indeed the best preforming pairs. Frankly GBP/usd has left me frustrated with its tight range boundedness and well sine I committed im still stuck with it for a while. It just isn't break out time yet, not sure what exactly is needed, (sure some can say interest rates gets raise but that wont happen till Q4 2014 if not past that). Will just to have to wait and see who comes out as the biggest loser instead of the winner right now.
Past glory means nothing on the battlefield
  • #366,833
  • Mar 3, 2014 2:26pm Mar 3, 2014 2:26pm
Quoting Neeraj_Raj
{quote} And I seriously hate all the media build up, first there were floods and everyone was like yeah! gbp is going down and down .... The next thing I know its at the Mount Everest. And then in the last couple of days ... so much being talked about that gbp is not going to stop it will hit .7000 and all that bullshit without any strong base to support it. Then the market just blowing off any data from US in favor of gbp and now this . I have no idea what happens tomorrow. No major news on GPB or USD. What side it would choose, go down or up....
Personally I turn a deaf ear to the Euro/GU articles in here.
Those fuckers will keep talking to you, giving away their free trading tips until your account is empty.
It's a regular and recurring pattern.
Come with me if you want to live....
  • #366,834
  • Mar 3, 2014 2:29pm Mar 3, 2014 2:29pm
Quoting JimmyC
{quote} {image}
Go with the flow Jimmy
Come with me if you want to live....
  • #366,835
  • Mar 3, 2014 2:42pm Mar 3, 2014 2:42pm
Quoting Ill-b-back
{quote} Go with the flow Jimmy
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  • #366,836
  • Mar 3, 2014 2:50pm Mar 3, 2014 2:50pm
Quoting JimmyC
{quote} {image}
Ha ha ha....
I leave Fundies to Fundamentalists.
I'm averse to drawdown.
Come with me if you want to live....
  • #366,837
  • Mar 3, 2014 2:53pm Mar 3, 2014 2:53pm
Quoting JimmyC
{quote} {image}
That daily GU formation was holding up well, but looks like that Fundamental weekly is kicking in....
Come with me if you want to live....
  • #366,838
  • Mar 3, 2014 2:56pm Mar 3, 2014 2:56pm
Quoting Ill-b-back
{quote} That daily GU formation was holding up well, but looks like that Fundamental weekly is kicking in....
need to talk to you asap
  • #366,839
  • Mar 3, 2014 2:57pm Mar 3, 2014 2:57pm
Quoting Ill-b-back
{quote} That daily GU formation was holding up well, but looks like that Fundamental weekly is kicking in....
I think. Its all down now. But cable just doesn't do down well.

Will see tomorrow,
  • #366,840
  • Mar 3, 2014 3:08pm Mar 3, 2014 3:08pm
Quoting JimmyC
{quote} I think. Its all down now. But cable just doesn't do down well. Will see tomorrow,
Lol, no she doesn't.
But who can blame her, at over 4 trillion in print and counting, the USD is the new no.1 best SELLER.
Authored and published by the Fed.
Come with me if you want to live....
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