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Cable Update (GBPUSD)

  • #374,161
  • Apr 29, 2014 4:12pm Apr 29, 2014 4:12pm
Quoting elbert3
{quote} HDA i did not think that you wore glasses,,?? nice hair do ,, was that last years holiday vid ???/
@elbert3:



HDA OUT
  • #374,162
  • Apr 29, 2014 4:13pm Apr 29, 2014 4:13pm
Quoting TauTrader
{quote} sir , I heard about this.. the wives preferring "CANDY CRUSH" above swallowing your load. Just terrible. Do not worry. 20 minutes and you can go again...
Tau my god i had you down as a gentleman trader in the same upper class as HDA and myself ??? really .???lol your on the port and lemon ??
  • #374,163
  • Apr 29, 2014 4:15pm Apr 29, 2014 4:15pm
Quoting HDA
{quote} @TauTrader: If you really need to dance ENJOY, YOUR PIP DANCE MY FRIEND http://www.youtube.com/watch?v=2BViTqQxeHg HDA OUT
Sir,

Thank you. That was magic..

Regards
  • #374,164
  • Apr 29, 2014 4:20pm Apr 29, 2014 4:20pm
Quoting elbert3
{quote} Tau my god i had you down as a gentleman trader in the same upper class as HDA and myself ??? really .???lol your on the port and lemon ??
Sir E,

I AM a gent. Truly I am.

Why do you consider me to be otherwise?

  • #374,165
  • Apr 29, 2014 4:22pm Apr 29, 2014 4:22pm
Quoting TauTrader
{quote} Sir, Thank you. That was magic.. Regards
did you notice the old porn star in the vid ??? lol . i wonder who that really is ??? mmmmmmmmmmm
  • #374,166
  • Apr 29, 2014 4:25pm Apr 29, 2014 4:25pm
Quoting TauTrader
{quote} Sir E, I AM a gent. Truly I am. Why do you consider me to be otherwise?
above swallowing your load. Just terrible this my dear chap,, it is simply not on,, what do you take my wfe as ?? lol i took her for better or for worse, and got the second part right ???
  • #374,167
  • Apr 29, 2014 4:27pm Apr 29, 2014 4:27pm
Quoting elbert3
{quote} did you notice the old porn star in the vid ??? lol . i wonder who that really is ??? mmmmmmmmmmm
Sir E,

I will deny me being the "OLD PORN STAR".

Dick way too short. Girls will chuckle.

Just honest.


regards
  • #374,168
  • Apr 29, 2014 4:29pm Apr 29, 2014 4:29pm
Back to trading

Focus fuckers
  • #374,169
  • Apr 29, 2014 4:32pm Apr 29, 2014 4:32pm
back to trading gbus short gold short ,eurusd short,, sls are on trailing on gb just took my sl up.. targets gbus 6767,, 6750.. gold 1264,, eurusd 1378 ish god night and may your trade go with you ,, regards E ,, PS OUT
  • #374,170
  • Apr 29, 2014 4:33pm Apr 29, 2014 4:33pm
Quoting TauTrader
{quote} Sir E, I will deny me being the "OLD PORN STAR". Dick way too short. Girls will chuckle. Just honest. regards
NO i thought it was HDA ???
  • #374,171
  • Apr 29, 2014 4:49pm Apr 29, 2014 4:49pm
Quoting elbert3
{quote} NO i thought it was HDA ???
Sir,E

I have no cupcakes to offer. Bare minimum.

I step away.

Regards
  • #374,172
  • Apr 29, 2014 10:01pm Apr 29, 2014 10:01pm
Quoting HDA
DAVIT????? I've been wondering, what has happened to DAVIT? Haven't heard a peep out of him and then I checked his posts. He is over the EUR/USD thread fighting battles. I hope he has enough ammunition. {quote} {quote} {quote} HANG IN THERE MY FRIEND HDA OUT
Hi HDA
You picked my worst posts.I am generally calm and collected.No issues with anyone.
Glad to see you back.
Nice interest collecting on GU
Regards
In trading, you have to be defensive and aggressive at the same time
  • #374,173
  • Apr 29, 2014 10:26pm Apr 29, 2014 10:26pm
Gidday Traders

For better digestion I drink beer, in the case of appetite loss I drink white wine, in the case of low blood pressure I drink red wine, in the case of high blood pressure I drink scotch, and when I have a cold I drink schnapps.

When do you drink water?

I’ve never been that sick!
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  • #374,174
  • Apr 30, 2014 12:05am Apr 30, 2014 12:05am
Base on T-Levels we should be at 1.6930 by end of week.
  • #374,175
  • Edited 12:44am Apr 30, 2014 12:27am | Edited 12:44am
Quoting SmallPaul
Base on T-Levels we should be at 1.6930 by end of week.
Markets are not moved by TL....TL and all technical data is basically a footprint what has transpired- in short history.
The guy at the bank who is going to unload millions is not looking at chart patterns but looking at fundemetal factors.
If tomorrow's NFP turns out to be green Price will break 68 to 67 and this will happen irregardless to Murry math,TL Andrews pitchfork, Fibs etc.
In short driving force would be NFP a fundemetal factor.
Everything else is after the fact

Let me bring you a solid recent example
NU was trading at 8760 hovering around there.Some posters were predicting 88+
Within short period NU fell to 8570
Why? Sharp decline of milk prices.When you consider 30% NZ economy is related to milk then you realize significance of it.
Had you just stared at the charts you would of not known why price declined so sharply...
Or if you just drawn a TL then you would of assumed price would of broke 88 going to 90 after all TL was pointing north...

http://www.bloomberg.com/news/2014-0...lk-payout.html

The reason of my post is Technical analyses is not good enough....one needs fundemetal understanding as well.
I am hugely short on EU and this is based on fundemetal factors and nothing to do with numbers Gator keeps posting and others.
In trading, you have to be defensive and aggressive at the same time
  • #374,176
  • Apr 30, 2014 2:11am Apr 30, 2014 2:11am
morning lots of eur news this morning we i am short, gbusd we need this to break 6777 area to strengthen a run down to 6660 were we find the 200 sma on the 4 hour chart ,,
  • #374,177
  • Apr 30, 2014 2:19am Apr 30, 2014 2:19am
Hello thread readers,

No convergence yesterday re eurusd and gbpusd....1st having daily bearish candle, 2nd a daily bullish candle...little rangy on 5min and below in this moment. Viewing that 0600 1hr close at 0700 (Uk time)...ie big and bearish....support down to yesterday's 6791 low the 1st bear obstacle ?

Best wishes.
it's all gone a bit........
  • #374,178
  • Apr 30, 2014 2:23am Apr 30, 2014 2:23am
Howzit GU!

Today is NFP!
Should you care? – Yes!
Should you trade – No!

Why?
Non-Farm payrolls is now arguably the second most important monthly event in the trading calendar with FOMC of late, being the most important and the one that attracts the eyes of the trading / investing community in all its forms.
The reasons you shouldn’t trade are because of the following specific sequence of events that you may or may not already be aware of.
The proprietary and institutional traders (you know who you are) are going to trade they are going to take two forms fundamental analysts and computer algorithm traders. They are not going to take long-duration trades they are going to scalp the event.
The computer algorithm’s will be monitoring twitter feeds, news wires and order flows of other institutions, they will respond inside microseconds of the number being released and they will take the correct position and exit it within seconds. If you trade in this moment you will find that you cannot get liquidity to trade or you are constantly re-quoted by your broker till they can find you a position at your price…. And if you’re trading with a bucket shop they are going to try and re-quote you till you get the worst possible position for the direction you’ve chosen with the worst R/R

…. And this is just the first (2-5 minutes)…


The institutions now review their positions and their own algorithms come on line -> these guys can move the market <- and they will.

If the market has not been surprised…. They are not going to trade… If it has been surprised they will now come on line with their own knee jerk reactions.

…You can see the market jumping up and down you “feel” you should take a position…


But the old money and slow traders are now on line… Enter the fundamental analysts, having read the jobs report, understood the implications and having the experience to know the longer term effect of the number print… These guys now take positions and they will and do move the market…

The fundies tend to enter the market hours after the print and the hype


If the fundies want to act on the number the positions spread from market to market over the remaining hours, institutional behaviour can be detected in the market for up to 24 hours after the print

Technical behaviour breaks down and the visual view of the market is very difficult to understand in the retail sector


You should realise that we can understand levels though. So if a known options barrier falls or price stops at a support or resistance level… Those could be opportunities but understand that these could be violently and suddenly breached by Central Banks defending their nations interests or major institutions needing to change policy.

So what’s my message… If you’re not a financial profession with an intimate understanding of why financial instruments are deployed the way they are, you’re risk level today is far higher than ever…. You can't lose money if you don’t trade.

There are 3 positions in the market ALL OF THEM ARE EQUALLY POWERFUL

LONG – you make money on the bull side

SHORT – you make money on the bear side

CASH – you don’t lose precious capital by wasting it on days you shouldn’t trade


If your broker calls - just say no
  • #374,179
  • Apr 30, 2014 2:30am Apr 30, 2014 2:30am
If you mean U.s's NFP - that is not today it is Friday...today is the ADP NFP forecast at 1315pm Uk time....Main U.s data today is Q1 GDP.

best wishes
it's all gone a bit........
  • #374,180
  • Apr 30, 2014 2:32am Apr 30, 2014 2:32am
Quoting JimmyC
Howzit GU! Today is NFP! Should you care? – Yes! Should you trade – No! Why? Non-Farm payrolls is now arguably the second most important monthly event in the trading calendar with FOMC of late, being the most important and the one that attracts the eyes of the trading / investing community in all its forms. The reasons you shouldn’t trade are because of the following specific sequence of events that you may or may not already be aware of. The proprietary and institutional traders (you know who you are) are going to trade they are going to take two...
Or one can exit at lowest number 15-30min prior of news if Bear or Exit at highest numbers if Bull although PA is Bear now....

If price falls 3775-70 I may bail out with good profits.Also placing TP at number say 3770 would almost get you out in a spike with profits.
Regards
In trading, you have to be defensive and aggressive at the same time
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