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Cable Update (GBPUSD)

  • #371,841
  • Apr 15, 2014 3:42am Apr 15, 2014 3:42am
everything on forecast except ppi input m/m lower) and hpi y/y (higher)...bids at 6660-50 hold on dip down and then the move up from there...v.nice...question for this moment then is - is this a game changer to relieve the bearish sentiment before the data ? Testing daily pivot area now and steepest falling trend line on 1hr.

best wishes.
it's all gone a bit........
  • #371,842
  • Apr 15, 2014 3:42am Apr 15, 2014 3:42am
Quoting elbert3
{quote} read the numbers above, i need a very strong cup of tea ,my nerves were gone , thank god for pp , tps just wish i had a buy order well done them that did, f,,, me lol
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bang on the 61fib , gone short 6716
  • #371,843
  • Apr 15, 2014 3:45am Apr 15, 2014 3:45am
Retail traders still net short, Cable shows brief dip and then searches stops?

Looks like the big boys are determined to range trade this until the summer.
Dan TheMan
  • #371,844
  • Apr 15, 2014 3:47am Apr 15, 2014 3:47am
There are plenty of trading days that make us wish we did something different.

However, I am still happy to be a trader!
Attached Image
Dan TheMan
  • #371,845
  • Apr 15, 2014 3:50am Apr 15, 2014 3:50am
Hey. The move just missed my short TP (went 3pips past it ). I'm not good at interpreting the news numbers, would it be an over all positive or negative result? TA is still in ranged zone imo, just wondering what ppl's ideas on direction from here were.
As the lights go by so too do the shadows move
  • #371,846
  • Apr 15, 2014 3:52am Apr 15, 2014 3:52am
eurusd still short chasing this down till i get white candle heiken ashi, target 1376,1 short the gbus for now gb news seems to had no effect on the eur
  • #371,847
  • Apr 15, 2014 3:52am Apr 15, 2014 3:52am
Quoting chazzle
{quote} retrace to mid set-up - matters less what the candle looks like
i don't think this move up is sustainable.. however, atm 4h prints bullish candle formation..

will see how candle progress and decide later..
  • #371,848
  • Apr 15, 2014 3:54am Apr 15, 2014 3:54am
Quoting elbert3
eurusd still short chasing this down till i get white candle heiken ashi, target 1376,1 short the gbus for now gb news seems to had no effect on the eur
yups fiber is more trending and "less excitement" i guess.. as well as swissy..
  • #371,849
  • Apr 15, 2014 3:56am Apr 15, 2014 3:56am
Quoting DerekTrotter
{quote}
hi dell did you get profit ,
  • #371,850
  • Apr 15, 2014 3:58am Apr 15, 2014 3:58am
Quoting Matts Micro
Hey. The move just missed my short TP (went 3pips past it ). I'm not good at interpreting the news numbers, would it be an over all positive or negative result? TA is still in ranged zone imo, just wondering what ppl's ideas on direction from here were.
see current 4h candle (about 6725) if no candle close above it, that will be the high, meaning we would not get higher price..

if there is 4h candle manage to close above it, we will get higher price, then to short we have to wait for failure price action.. easier to enter when movement/price is ready or else you will see drawdown..
  • #371,851
  • Apr 15, 2014 3:58am Apr 15, 2014 3:58am
Quoting Matts Micro
Hey. The move just missed my short TP (went 3pips past it ). I'm not good at interpreting the news numbers, would it be an over all positive or negative result? TA is still in ranged zone imo, just wondering what ppl's ideas on direction from here were.
The news only means something if it suits those with BIG pockets.

If it does not suit them, they can ignore or interpret the news any way they like.

Margin trading is a game of cat and mouse.
Your stop is the Mouse, the prime brokers and market makers are the cats and they have BIG claws!
Dan TheMan
  • #371,852
  • Apr 15, 2014 4:06am Apr 15, 2014 4:06am
Quoting WanderingDan
There are plenty of trading days that make us wish we did something different. However, I am still happy to be a trader! {image}
  • #371,853
  • Apr 15, 2014 4:09am Apr 15, 2014 4:09am
Thanx for replies. Yes, even an hourly close above last hours top will make it a bullish market imo. It would be a close above the the top hrly TL. The GJ is interesting though atm. I am thinking of re entering short from the bottom daily bottom TL (currently at price), waiting to see if will break back into the daily range or continue on BO.
As the lights go by so too do the shadows move
  • #371,854
  • Apr 15, 2014 4:12am Apr 15, 2014 4:12am
Quoting Matts Micro
Thanx for replies. Yes, even an hourly close above last hours top will make it a bullish market imo. It would be a close above the the top hrly TL. The GJ is interesting though atm. I am thinking of re entering short from the bottom daily bottom TL (currently at price), waiting to see if will break back into the daily range or continue on BO.
agree on that, GJ seems like breakout retest 170.2x area..
  • #371,855
  • Apr 15, 2014 4:12am Apr 15, 2014 4:12am
Quoting TauTrader
{quote} sir C, It's coming together. 10 years it has been.. It's about time. Snapshot. Working on the draw down.. I do believe I have a base to progress from. Almost 600 trades - 70%+ AND losers lower than winners. BUT you know the story.. as soon as ya think you have this sorted.. {image}
With a rap sheet like that I'm sure you can get a nicely paid job somewhere without every risking your own cash! Might be easier to keep the demo account mindset that way

PS sent you a PM, could you take a look whenever you get a chance please good sir?!
  • #371,856
  • Apr 15, 2014 4:14am Apr 15, 2014 4:14am
Quoting A-speculator
{quote} agree on that, GJ seems like breakout retest 170.2x area..
Ghost Rider - WWTBMD?
  • #371,857
  • Apr 15, 2014 4:14am Apr 15, 2014 4:14am
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short untill the day candle turns blue,could go back to the 23%on the fib day chart 6755 then short again ?? new target 6642 ??? thats it for a while i am off 4 shorts total 124 pips
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  • #371,858
  • Apr 15, 2014 4:18am Apr 15, 2014 4:18am
Quoting Ill-b-back
{quote} Thanks Luther Yes, I like that 4hr. It's hit smack on what was my alternate bullish scenario target from last week before a measured tech drop. Let's see...
Yes mate, that worked out nicely. Now that we had the support test, if we can close the Daily back above 6740 this bird is going to fly.

If Russian tanks start rolling, all bets are off. In the meantime shorts closed and buy order triggered. I hope you made good pips on that one.


Quoting Luther
If 6750 doesn't hold, we could pull back to 6690- 6650 levels.
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  • #371,859
  • Apr 15, 2014 4:23am Apr 15, 2014 4:23am
Quoting elbert3
{image} short untill the day candle turns blue,could go back to the 23%on the fib day chart 6755 then short again ?? new target 6642 ??? thats it for a while i am off 4 shorts total 124 pips {image}
this view is also possible, retest low of the doji..

wait the market to calm down a bit and print failure candle(s) first.. by this, we may not get the highest price but easier to see green and less DD..
  • #371,860
  • Apr 15, 2014 4:46am Apr 15, 2014 4:46am
Quoting Mr.C
{quote} Hi guys. Lifted yesterday's GBP/USD pending buy order to 1,6686. Same SL @ 1,6648. Green pips to all!
Quoting Mr.C
{quote} GU buy activated
GBP/USD: +40 pips floating. TP1 @ 1,6767. SL @ +1.
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