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Cable Update (GBPUSD)

  • #373,801
  • Apr 29, 2014 3:44am Apr 29, 2014 3:44am
I am getting the feeling this is dump and pump. GBP to trade is very tricky lately. so even if I add a short here I may not get more than 30 pips.
  • #373,802
  • Apr 29, 2014 3:45am Apr 29, 2014 3:45am
Quoting giveachance
{quote} it will not come back to 1.48 for atleast 2 yrs now. so hold your short for 2 yrs.
like u know
look man stop taking the market frustration out on me

i should be more stressed than u but somehow i think it is the other way round
  • #373,803
  • Apr 29, 2014 3:46am Apr 29, 2014 3:46am
Quoting whitescalper
{quote} took some out at 1.6810
sl at be+1
  • #373,804
  • Apr 29, 2014 3:47am Apr 29, 2014 3:47am
Quoting nAVIN2007
{quote} like u know look man stop taking the market frustration out on me i should be more stressed than u but somehow i think it is the other way round
lol I have not traded it for 2 days and even if I would have done or added a short at 1.44 I would have closed it at 1.5. I am not a millionaire to hold it till 1.80. lol
  • #373,805
  • Apr 29, 2014 3:47am Apr 29, 2014 3:47am
Quoting giveachance
I am getting the feeling this is dump and pump. GBP to trade is very tricky lately. so even if I add a short here I may not get more than 30 pips.

take a chance stop loss @1.5854 and let it ride
for a correction at least till 1.67 or aggressive 1.65 should be a easy trade for 1st target

daily bearish divergence signal being created as we speak
  • #373,806
  • Apr 29, 2014 3:48am Apr 29, 2014 3:48am
Nav, are you short again? I thought you closed it?
  • #373,807
  • Apr 29, 2014 3:49am Apr 29, 2014 3:49am
Quoting nAVIN2007
{quote} take a chance stop loss @1.5854 and let it ride
first that it not my style of trading. second there are pairs better than GBP where levels are getting more clearer. kiwi for example.
  • #373,808
  • Apr 29, 2014 3:51am Apr 29, 2014 3:51am
Quoting atria
GBP is so typical : Pump and Dump 5 minutes before News

Why are you not rich yet if its so typical?
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #373,809
  • Apr 29, 2014 3:55am Apr 29, 2014 3:55am
Quoting chazzle
Nav, are you short again? I thought you closed it?

nah bro still in ..
  • #373,810
  • Apr 29, 2014 3:56am Apr 29, 2014 3:56am
Quoting Nocturnes
{quote} Why are you not rich yet if its so typical?
hi are you clear now ?? i dont think we will se 6818 again soon if so short here this is where the 20 ema sits at this time looking on the 30 min i would like to see a closed candle below the 200 sma to add short
  • #373,811
  • Apr 29, 2014 3:56am Apr 29, 2014 3:56am
Quoting giveachance
{quote} first that it not my style of trading. second there are pairs better than GBP where levels are getting more clearer. kiwi for example.
all the charts are same..they all connected gbp level is prefect to sell because the resistance it is up against is big

a correction is on to make the right hand side of the formation
Attached Image (click to enlarge)
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  • #373,812
  • Apr 29, 2014 3:59am Apr 29, 2014 3:59am
Quoting nAVIN2007
{quote} all the charts are same..they all connected gbp level is prefect to sell because the resistance it is up against is big
Agreed but GBP never stays down.. always bring it back up. Just the way things go now.
  • #373,813
  • Apr 29, 2014 4:01am Apr 29, 2014 4:01am
Quoting elbert3
{quote} hi are you clear now ?? i dont think we will se 6818 again soon if so short here this is where the 20 ema sits at this time looking on the 30 min i would like to see a closed candle below the 200 sma to add short
short added 6806
  • #373,814
  • Apr 29, 2014 4:02am Apr 29, 2014 4:02am
Quoting nAVIN2007
{quote} nah bro still in ..
sheeeeeeeeeeeeeeeettttttttt !!!!!!!!
  • #373,815
  • Apr 29, 2014 4:03am Apr 29, 2014 4:03am
Quoting elbert3
{quote} short added 6806
3866 short eurusd
  • #373,816
  • Apr 29, 2014 4:05am Apr 29, 2014 4:05am
4hr channel - most of pa is in the dotted lines....indecision now in the market ?

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 105 KB
it's all gone a bit........
  • #373,817
  • Apr 29, 2014 4:06am Apr 29, 2014 4:06am
Quoting JimmyC
{quote} Staying open - target adjusted to 1.6838 - ST trend up GU - 15 Todays low volatility levels Note some event risks as per calendar - levels valid {image}
All happy here +15 dustbin
  • #373,818
  • Apr 29, 2014 4:08am Apr 29, 2014 4:08am
Quoting elbert3
{quote} short added 6806
i can smell 100-150 pips move coming soon
  • #373,819
  • Apr 29, 2014 4:08am Apr 29, 2014 4:08am
Quoting chazzle
16870?
maybe, strategy im using looking at PA is keep short tp 1.6710 but sl at 1.6837 Open price was 1.6840
sell pending order at 1.6890, it still wanna attempt to go 1.70-72 then maybe collapse.

really data was not bad at all, we just saw some position unwinding but new ones look like are getting opened for 1.7x travel.
  • #373,820
  • Apr 29, 2014 4:08am Apr 29, 2014 4:08am
Forex market such low volatility these days, wish I was around 5-6 years ago. Now I stick with indices for most part. Really pathetic what has been going on with EUR and GBP
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