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Cable Update (GBPUSD)

  • #367,221
  • Mar 5, 2014 9:39am Mar 5, 2014 9:39am
Quoting chazzle
{quote} looks like it to me mate, the pullback from 734 almost completely reversed with what looks like solid momentum ( m15 candle prior to the current one 21 pip size, solid bullish close to the top of today's range) - although , I'm not going for it - just closed a long scalp on EU - day is winding down for me here most prob.
waiting to pp dont want to spoil it, i thought yesterday i got it wrong, i had to go out this morning when i placed the trades it was boom or bust, i was not going to trade this pair again but hey baby ...
  • #367,222
  • Mar 5, 2014 9:40am Mar 5, 2014 9:40am
Quoting PayTheLimit
{quote} yea, tell you a secret, hate fiber too....last trade for me at 27, will see if I can earn anything on it...
and that's all for me, they will get no more of my money, today anyway...laters, gl , PTL..
Look Sharp/Trade Tight
  • #367,223
  • Mar 5, 2014 9:43am Mar 5, 2014 9:43am
Attached Image (click to enlarge)
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if it can get to the crossed lines over night
  • #367,224
  • Edited 10:01am Mar 5, 2014 9:47am | Edited 10:01am
the Russians must be buying the gold now it took a day before it has moved i was in 1333.33 all the 3 target 1360 to even 1390 ?? trade now stands 1339
  • #367,225
  • Mar 5, 2014 9:50am Mar 5, 2014 9:50am
sell 735 sl 760 tp 640+
With a good book and quality paper you can fine wipe your ass.
  • #367,226
  • Mar 5, 2014 10:04am Mar 5, 2014 10:04am
Now its better to wait for 6850-6900 zone. Here i will open my huge shorts. If it will go upper then SL will be very small.
But to long from here 6730 i dont know its very huge risk cause u can put 6630 and it can easy be broken. So now wait 6900
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  • #367,227
  • Mar 5, 2014 10:05am Mar 5, 2014 10:05am
Quoting Davit
Last fights of Bulls Its clear numbers are getting better for USD and for UK last 2 important numbers unemployment and manufacturing PMI were red. This is why its not flying North but bulls are fighting stiff on every level. By 12 London close most likely number 6670 back where we started EU breaking 37 will force the issue.Its getting close.
Lol....
what's clear is that you are USD colour blind.
its a data bloodbath.
Come with me if you want to live....
  • #367,228
  • Mar 5, 2014 10:07am Mar 5, 2014 10:07am
Quoting Trader88q
Now its better to wait for 6850-6900 zone. Here i will open my huge shorts. If it will go upper then SL will be very small. But to long from here 6730 i dont know its very huge risk cause u can put 6630 and it can easy be broken. So now wait 6900 {image}
Attached Image (click to enlarge)
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my targets
  • #367,229
  • Mar 5, 2014 10:08am Mar 5, 2014 10:08am
Quoting elbert3
i was not going to trade this pair again but hey baby ...
I've said that before ...
  • #367,230
  • Mar 5, 2014 10:10am Mar 5, 2014 10:10am
Quoting Davit
Last fights of Bulls Its clear numbers are getting better for USD and for UK last 2 important numbers unemployment and manufacturing PMI were red. This is why its not flying North but bulls are fighting stiff on every level. By 12 London close most likely number 6670 back where we started EU breaking 37 will force the issue.Its getting close.
David you understand U.S fundamentals in wrong way. Look, remember financial crysis in U.S at 2008? Yes you do, So then it was very bad fundamentals from U.S but dollar got very very strong. The U.S dollar is a toxic currency it likes bad news u must undersdant this.

The bad U.S fundamentals = Dollar rise.
The bad UK fundamentals = Pound down.
The bad EU fundamentals = Euro down.

this is a table for you. learn it like 2x2

Anoter thing is QE taper. I see now that taper is bad for dollar. Now its clear. Pound and euro andvanced and i think in medium term we yes can see 7000 and even 7300. this is forex
  • #367,231
  • Mar 5, 2014 10:12am Mar 5, 2014 10:12am
Quoting Suffo
sell 735 sl 760 tp 640+
out be
With a good book and quality paper you can fine wipe your ass.
  • #367,232
  • Mar 5, 2014 10:13am Mar 5, 2014 10:13am
Quoting chazzle
{quote} I've said that before ...
honestly chaz after yesterday i was wondering around having lost 2 trades thinking were did it go wrong ,it was baggi late last night talking about fake, but he was going short, so i started looking for false moves then found that candle on the 4 hour,??? ( if you saw my chart earlier )
  • #367,233
  • Mar 5, 2014 10:16am Mar 5, 2014 10:16am
Quoting chazzle
{quote} I've said that before ...
Attached Image (click to enlarge)
Click to Enlarge Name: w.png Size: 105 KB
have you seen a candle like that, i though there are no sellers left ???
  • #367,234
  • Mar 5, 2014 10:24am Mar 5, 2014 10:24am
Quoting elbert3
{quote} honestly chaz after yesterday i was wondering around having lost 2 trades thinking were did it go wrong ,it was baggi late last night talking about fake, but he was going short, so i started looking for false moves then found that candle on the 4 hour,??? ( if you saw my chart earlier )
2 trades is nothing, don't worry about it - I messed up a good week last week, managed to scrape a bit back on Friday and this week has been b/e till today - shit happens
  • #367,235
  • Mar 5, 2014 10:32am Mar 5, 2014 10:32am
Quoting elbert3
{quote} {image} have you seen a candle like that, i though there are no sellers left ???
if you zoom out a bit you can see compression of price - and the key level of January high at 668 - after a trend , when a market consolidates - it usually continues in the direction of the trend - then keep your eyes on key levels and watch them on a lower timeframe to try and get a good entry (if you have the time to watch the charts) the candle you highlighted ... I personally wouldn't pay much attention to it as it is quite small - I want a candle that tells a story , I want price to give me information -
  • #367,236
  • Mar 5, 2014 10:45am Mar 5, 2014 10:45am
Quoting chazzle
{quote} if you zoom out a bit you can see compression of price - and the key level of January high at 668 - after a trend , when a market consolidates - it usually continues in the direction of the trend - then keep your eyes on key levels and watch them on a lower timeframe to try and get a good entry (if you have the time to watch the charts) the candle you highlighted ... I personally wouldn't pay much attention to it as it is quite small - I want a candle that tells a story , I want price to give me information -
yes agree thats why you would of seen the story unfold as i went to the 15 min to see where i could get in if you go back to the posts you will see how i got into the trade , but for now i need to pp 2 lots of long, the third one is the same place as you got in so that is be now, thanks gl
  • #367,237
  • Mar 5, 2014 11:02am Mar 5, 2014 11:02am
Quoting elbert3
the third one is the same place as you got in so that is be now, thanks gl
ok mate - gl , I'm done with cable till tomorrow most prob, see you later
  • #367,238
  • Mar 5, 2014 11:09am Mar 5, 2014 11:09am
Quoting squawk
Dependant on the news but 6700 seems to be holding at the moment. If this holds for the top of the day then my take is 658 is likely and a spike into 6550 would be great.
Well my theory was screwed today for the cable. Surprised more sellers didn't step in and keep it down at 670 - 672.
  • #367,239
  • Mar 5, 2014 11:11am Mar 5, 2014 11:11am
Quoting squawk
{quote} Well my theory was screwed today for the cable. Surprised more sellers didn't step in and keep it down at 670 - 672.
Will retest 1.6660 AGAIN, I believe.
There are those who know, and there are those who don't know.
  • #367,240
  • Mar 5, 2014 12:33pm Mar 5, 2014 12:33pm
took the money and went short 67340 sl on the open
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