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Cable Update (GBPUSD)

  • #367,021
  • Mar 4, 2014 10:20am Mar 4, 2014 10:20am
oh yes ! finally its going down. Take profit at 5700 be patient
  • #367,022
  • Mar 4, 2014 10:21am Mar 4, 2014 10:21am
forex isnt gambling its hard work and we must get our salary for it
  • #367,023
  • Mar 4, 2014 10:21am Mar 4, 2014 10:21am
this bitch is dropping
With a good book and quality paper you can fine wipe your ass.
  • #367,024
  • Mar 4, 2014 10:23am Mar 4, 2014 10:23am
Quoting Suffo
elbert i had luck today! buy her a whip and punish her in bed decrease your lot size if you're not comfortable-and don't take this personal!! best regards
i am fine with the amount a had a a rescue job before and cleared the deck but had some crazy idea and went short again ???????????? have a trade in gold which looks ok for now
  • #367,025
  • Mar 4, 2014 10:26am Mar 4, 2014 10:26am
Quoting Suffo
this bitch is dropping
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 99 KB
rescue time again ???? careful tiger lol
  • #367,026
  • Mar 4, 2014 10:51am Mar 4, 2014 10:51am
Quoting Suffo
this bitch is dropping
fake drop as usually
  • #367,027
  • Mar 4, 2014 11:00am Mar 4, 2014 11:00am
small sell 660 sl 687
With a good book and quality paper you can fine wipe your ass.
  • #367,028
  • Mar 4, 2014 11:04am Mar 4, 2014 11:04am
Finally some action for you boys eh? NICE. Should get interesting under 1.6600. I think the UK will end up having the same disinflation problems the EU is having.
Twitter: @TrendersGame
  • #367,029
  • Mar 4, 2014 11:07am Mar 4, 2014 11:07am
London Closed bearish,

seems London didn't like strong GBP or doesn't believe in it.

What about correction to even 1.63?
kiss the trend
  • #367,030
  • Mar 4, 2014 11:37am Mar 4, 2014 11:37am
Unemployment Red
Manufacturing PMI Red

March is shaping up nicely for Bears.If tomorrow's NFEC comes out green we will see serious drop.
In trading, you have to be defensive and aggressive at the same time
  • #367,031
  • Mar 4, 2014 11:37am Mar 4, 2014 11:37am
Today was the only day since start of last week I placed a trade on this pair. With the price movement today looks like bears are re capturing for a move to 6550 area.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.png Size: 34 KB
  • #367,032
  • Mar 4, 2014 11:55am Mar 4, 2014 11:55am
Quoting squawk
Today was the only day since start of last week I placed a trade on this pair. With the price movement today looks like bears are re capturing for a move to 6550 area. {image}
As Some good traders mentioned earlier here that sentiment is very important.Once sentiment changes to Bear and Sterling stops becoming MM's darling then we can see not only 6550 but surely 63 as well.

As for Retail %
EU was almost 78% retail short at 38 and now is at 3730 70pip drop so its not always true that retail positions effect price movement.
In trading, you have to be defensive and aggressive at the same time
  • #367,033
  • Mar 4, 2014 12:44pm Mar 4, 2014 12:44pm
If you are in my age group 40's or older and started trading late in life don't be sad that you started late.
Richard Donchian started in his 60's and by 70 he was a millionaire.

For inspiration consider Austrian painter Maria Lassnig
She is in her 80's and paints like person with youthful exuberance.Never too late to begin
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #367,034
  • Mar 4, 2014 1:05pm Mar 4, 2014 1:05pm
Quoting Davit
{quote} As Some good traders mentioned earlier here that sentiment is very important.Once sentiment changes to Bear and Sterling stops becoming MM's darling then we can see not only 6550 but surely 63 as well. As for Retail % EU was almost 78% retail short at 38 and now is at 3730 70pip drop so its not always true that retail positions effect price movement.
I think the market could move either way in the mid term. There is still possibility of another leg up for the bulls I see 6550 as the only area left to the downside that needs to be filled from an inefficient run up. I don't see that making a def change to bear sentiment, but could. 6250 would change sentiment for sure.
  • #367,035
  • Mar 4, 2014 1:21pm Mar 4, 2014 1:21pm
Quoting Davit
If you are in my age group 40's or older and started trading late in life don't be sad that you started late. Richard Donchian started in his 60's and by 70 he was a millionaire. For inspiration consider Austrian painter Maria Lassnig She is in her 80's and paints like person with youthful exuberance.Never too late to begin http://www.youtube.com/watch?v=dSmddepku_c
Inspiring words indeed!
Make your losses in demo. Earn your profits live.
  • #367,036
  • Mar 4, 2014 1:45pm Mar 4, 2014 1:45pm
Quoting Davit
If you are in my age group 40's or older and started trading late in life don't be sad that you started late. Richard Donchian started in his 60's and by 70 he was a millionaire. For inspiration consider Austrian painter Maria Lassnig She is in her 80's and paints like person with youthful exuberance.Never too late to begin http://www.youtube.com/watch?v=dSmddepku_c
  • #367,037
  • Mar 4, 2014 2:04pm Mar 4, 2014 2:04pm
Quoting Davit
If you are in my age group 40's or older and started trading late in life don't be sad that you started late. Richard Donchian started in his 60's and by 70 he was a millionaire. For inspiration consider Austrian painter Maria Lassnig She is in her 80's and paints like person with youthful exuberance.Never too late to begin http://www.youtube.com/watch?v=dSmddepku_c
Never give up
  • #367,038
  • Mar 4, 2014 2:05pm Mar 4, 2014 2:05pm
Quoting Davit
If you are in my age group 40's or older and started trading late in life don't be sad that you started late. Richard Donchian started in his 60's and by 70 he was a millionaire. For inspiration consider Austrian painter Maria Lassnig She is in her 80's and paints like person with youthful exuberance.Never too late to begin http://www.youtube.com/watch?v=dSmddepku_c
Would be interesting to know the success rate between older traders and young ones. I wonder if the knocks of life give the older trader an edge re Psychology, patience etc? 43 and trading since 34. Seems only yesterday when I started to trade but the years fly by.
  • #367,039
  • Mar 4, 2014 2:09pm Mar 4, 2014 2:09pm
Quoting ffleo
{quote} median: 173.35/103.7 = 6716 175/105.5 = 6587 median average : 6651 high: 175 / 103.7 = 6875 low : 173.35/105.5 = 6431. mid of high and low : (6875+6431)/2 = 6653. {image} {image}
the analysis is still valid. we are still around the mean or average of potential range 64xx - 68xx. the mean or middle is 6650
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #367,040
  • Mar 4, 2014 2:14pm Mar 4, 2014 2:14pm
On daily, rejection from 1.68, 1.6742(2011 high).
On H4, rejection from 1.67, and weak bounce up from channel bottom and 1.6651.

So the channel now looks like a bear flag to me, of course break below the channel as a confirmation.

Now prefer shorting it towards 1.6485 on daily. And ultimately 1.6237 on Monthly
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdfxfmonthly.png Size: 41 KB
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