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Cable Update (GBPUSD)

  • #373,761
  • Apr 29, 2014 2:38am Apr 29, 2014 2:38am
Quoting whitescalper
{quote} sl hit ,,,,,, last trade for the day shorted 1.6838 sl 1.6857

No way buddy. Avoid for the trade.54 mins and UK GDP release.This will shake the market...Looks like positive data,so maybe will be reach 1.69.Carefuly!Of course is your decision and it's not a trading advise. Green pips for you!
  • #373,762
  • Apr 29, 2014 2:43am Apr 29, 2014 2:43am
next resistance 6852..... so short order there
  • #373,763
  • Apr 29, 2014 2:53am Apr 29, 2014 2:53am
Quoting gstup
{quote} No way buddy. Avoid for the trade.54 mins and UK GDP release.This will shake the market...Looks like positive data,so maybe will be reach 1.69.Carefuly!Of course is your decision and it's not a trading advise. Green pips for you!

yes was thinking the same but got a signal to enter trade making it a last one for the day
  • #373,764
  • Apr 29, 2014 2:54am Apr 29, 2014 2:54am
Quoting HDA
{quote} @nAVIN2007: {quote} {quote} I'm sorry for taking so long to reply, I had to pop out for a bit. How are you holding up with that 1000 pip draw down on your GBP/USD trade that you are still carrying? I read of it from Maximinus {quote} You have shared your plan with us: {quote} {quote} {quote} {quote} {quote} {quote} {quote} {quote} There are 194 traders who chose to subscribe to you and I think its wonderful that they are learning from you what NEVER to do in trading. {quote} I'm sorry to have read about your mom. My dad had the same surgery....

this is very good advise and i agree only one thing i am not convienced this thing is going to the moon
  • #373,765
  • Apr 29, 2014 2:56am Apr 29, 2014 2:56am
Quoting elbert3
next resistance 6852..... so short order there
Gone short,, remember last weeks news borrowing was up this might affect GDP, so short for me,, could be price has been raised to get some cheap shorts ????? which would be a cheap shot //lol
  • #373,766
  • Apr 29, 2014 2:57am Apr 29, 2014 2:57am
Quoting whitescalper
{quote} yes was thinking the same but got a signal to enter trade making it a last one for the day
Ok.GL to you.
  • #373,767
  • Apr 29, 2014 2:57am Apr 29, 2014 2:57am
Quoting elbert3
{quote} Gone short,, remember last weeks news borrowing was up this might affect GDP, so short for me,, could be price has been raised to get some cheap shorts ????? which would be a cheap shot //lol
1st target 6821 sorry
  • #373,768
  • Apr 29, 2014 2:59am Apr 29, 2014 2:59am
Quoting elbert3
{quote} Gone short,, remember last weeks news borrowing was up this might affect GDP, so short for me,, could be price has been raised to get some cheap shorts ????? which would be a cheap shot //lol
lol
  • #373,769
  • Apr 29, 2014 3:04am Apr 29, 2014 3:04am
Quoting elbert3
{quote} Gone short,, remember last weeks news borrowing was up this might affect GDP, so short for me,, could be price has been raised to get some cheap shorts ????? which would be a cheap shot //lol

lol..
  • #373,770
  • Apr 29, 2014 3:06am Apr 29, 2014 3:06am
Quoting whitescalper
{quote} yes was thinking the same but got a signal to enter trade making it a last one for the day

target is 3760 if this holds
  • #373,771
  • Apr 29, 2014 3:07am Apr 29, 2014 3:07am
Hell thread readers

Strong recovery off yesterday's 6800 low....so far this day...Tuesday after yesterday's daily doji candle....will the Uk data at 0930am gmt +1 be good for the bulls or bears ?

I am thinking anything 1.0% and above might see a big northbound reaction and anything below last time 0.7% might see some selling £ at first reaction ? It is data so it can be mad or nothing much reaction.

Best Wishes.
it's all gone a bit........
  • #373,772
  • Apr 29, 2014 3:11am Apr 29, 2014 3:11am
Quoting whitescalper
{quote} lol
today its 6917 or 6750,, navin, best to calculate how much in the red you will be at the top level and see if you can take that loss up there ,, i know what you're thinking,, i has to go down,, but you must not be swayed by the traders here telling you to sell out,,even though they are trying to help in the best way,, this has to be your whole hearted decision,, because if it goes lower, you would of saved some money, then you will kick your self and you will tell yourself that you should not of listened to them , so think and make the trade decision that you are happy doing,, i wish you all the best ,, regards E ps every trader has lost here thats why you are getting heartfelt opinions ..
  • #373,773
  • Apr 29, 2014 3:18am Apr 29, 2014 3:18am
Quoting elbert3
{quote} today its 6917 or 6750,, navin, best to calculate how much in the red you will be at the top level and see if you can take that loss up there ,, i know what you're thinking,, i has to go down,, but you must not be swayed by the traders here telling you to sell out,,even though they are trying to help in the best way,, this has to be your whole hearted decision,, because if it goes lower, you would of saved some money, then you will kick your self and you will tell yourself that you should not of listened to them , so think and make the trade...

regardless of what people think..i will not be swayed by what people think i should do ..i respect the advice because i know it comes from a place where its help but this market is crackers and still it can go down it sitting in an area where it can bounce..but it may also go up

nobody know id rather the market proves it to me b4 i do something out of fear
  • #373,774
  • Apr 29, 2014 3:18am Apr 29, 2014 3:18am
Quoting whitescalper
{quote} target is 3760 if this holds
if,if this thing goes to 6750 it will break the 20ema on the day ??? yesterdays long leg doji on the day chart still has potential for a reverse ,, so big day today i think
  • #373,775
  • Apr 29, 2014 3:20am Apr 29, 2014 3:20am
Quoting nAVIN2007
{quote} regardless of what people think..i will not be swayed by what people think i should do ..i respect the advice because i know it comes from a place where its help but this market is crackers and still it can go down it sitting in an area where it can bounce..but it may also go up nobody know id rather the market proves it to me b4 i do something out of fear
well said that tells me that it is still you in control .. good luck my money is short so i hope it helps, 10 mins and we will be thinking in a different way regards E
  • #373,776
  • Apr 29, 2014 3:22am Apr 29, 2014 3:22am
Quoting nAVIN2007
id rather the market proves it to me b4 i do something out of fear
That is a great quote....and great advise.

------------------------------------------------

6877 then 7039 the next former swing highs, for bulls to aim for ?

best wishes
it's all gone a bit........
  • #373,777
  • Apr 29, 2014 3:24am Apr 29, 2014 3:24am
I think the data will be decently positive, maybe not hit the expectations fully though. But if it breaks 1.6870 then I expect it to hit 1.69 then time to short and by the end of the week when NFP comes out it will be back down at 1.67 depending on how good the US data is. Just my personal outlook. Depends first on how good the UK data is and then the EUR data can carry us a bit further, but if EUR continues to be negative then we might not break 1.6870. Thoughts?
  • #373,778
  • Apr 29, 2014 3:25am Apr 29, 2014 3:25am
this news is gonna rock, prepare those fingers with tight stop losses.
  • #373,779
  • Apr 29, 2014 3:25am Apr 29, 2014 3:25am
Eurusd is going 3785 YESTERDAYS NEWS RED, TODAY RED NEWS ??
  • #373,780
  • Apr 29, 2014 3:26am Apr 29, 2014 3:26am
i'm heavy long
and still holding from 6805
see you up 69xx
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