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Cable Update (GBPUSD)

  • #374,981
  • May 1, 2014 5:52am May 1, 2014 5:52am
Quoting JimmyC
{quote} Its got to break and test 1275 then short from the test... move the odds in your favour with level breaks, they normally fake out (or test) a few times before they go unless there is an event
  • #374,982
  • May 1, 2014 5:53am May 1, 2014 5:53am
Quoting albchr
{quote} Quite frankly it all makes my head hurt. I'm just a humble carpenter/biker/trucker with a decent head on my shoulders (that could be an oxymoron actually?) but anywho, I've been told (and no offense to anyone, I've just been told) that if you put 5 economists in a room you'll get 20 different answers to the same question. I suppose one could reason that's because there are so many "possible variables" involved in trying to figure the whole mess out. Change just one of many elements and it could change the whole picture's outcome. That's...

Thats totally fine , the best trader from Citibank for example is a former Carpenter . It doens't mean that you are less better than what I'll do, it

just means I learned a lot of bullshit to get myself into a decent paid job somehow . Yeep very true one scenario changes and everything changes
I wish I could time travel, I'd be "very" rich
  • #374,983
  • May 1, 2014 5:54am May 1, 2014 5:54am
Quoting JimmyC
{quote} I'm staying out of FX. Cheers Chris Trade safe guys...
Take care Jimmy. Thanks again for the info. Really looking forward to the read.
Ghost Rider - WWTBMD?
  • #374,984
  • May 1, 2014 5:55am May 1, 2014 5:55am
Quoting Ryan3645
{quote} Well at the moment the british economy is recovering and doing quite well, thats why they want to increase the interest rate next year, but if the GB keeps rising they announced they will not increase the interest rate. Anyway they have to increase it, jobs are booming here at the moment, especially for graduates with a good degree , but the UK economy is closing its borders at the moment, because of all the eastern europeans flooding in and unfortunately a lot of them take advantage of the system in the UK. London's housing market for...
are u short on the pound?
  • #374,985
  • May 1, 2014 5:55am May 1, 2014 5:55am
Quoting elbert3
{quote} 80 pips of this one same thing 20 pips 90%off
target 6888 from 6908 this might meet the emas on the 1 hour if it closer 6873 then sort again,,
  • #374,986
  • May 1, 2014 5:59am May 1, 2014 5:59am
Quoting nAVIN2007
{quote} are u short on the pound?

Yes I am short on the GBP and hope that at least tomorrow afternoon I can get around 50-100 pips on each trade from some bearish action as I have

around 45 lots opened at the moment but can allow a 1000 pips range . So if it goes down I'll hope to close at 1.6750 hopefully or just have to wait

longer
I wish I could time travel, I'd be "very" rich
  • #374,987
  • May 1, 2014 6:01am May 1, 2014 6:01am
Quoting Ryan3645
{quote} Yes I am short on the GBP and hope that at least tomorrow afternoon I can get around 50-100 pips on each trade from some bearish action as I have around 45 lots opened at the moment but can allow a 1000 pips range . So if it goes down I'll hope to close at 1.6750 hopefully or just have to wait longer
  • #374,988
  • May 1, 2014 6:01am May 1, 2014 6:01am
Quoting nAVIN2007
{quote} the problem with trading is simply it is gambling..we have rules about trendlines, formation and what not but the truth is nothing in this is a definate except that the majority lose..i wonder if we would be this high up if retail majority were long???
I was talking about fundamentals/economics bro. Not trading. Trading is only "gambling" in my humble opinion if you're not paying attention. While we can never know "upfront" what the big guns will do, with patience we can "wait to see" and then act.
Ghost Rider - WWTBMD?
  • #374,989
  • May 1, 2014 6:02am May 1, 2014 6:02am
Quoting nAVIN2007
{quote}

Whats so funny
I wish I could time travel, I'd be "very" rich
  • #374,990
  • May 1, 2014 6:07am May 1, 2014 6:07am
Quoting nAVIN2007
{quote} the problem with trading is simply it is gambling..we have rules about trendlines, formation and what not but the truth is nothing in this is a definate except that the majority lose..i wonder if we would be this high up if retail majority were long???
you know the rules NAV.....
The problem is, do we have valid reference to know the real retail trader positions?....
Fundamental is important, but Technical analysis is how we approach to predict price movement
  • #374,991
  • May 1, 2014 6:10am May 1, 2014 6:10am
Quoting Ryan3645
{quote} Yes I am short on the GBP and hope that at least tomorrow afternoon I can get around 50-100 pips on each trade from some bearish action as I have around 45 lots opened at the moment but can allow a 1000 pips range . So if it goes down I'll hope to close at 1.6750 hopefully or just have to wait longer
45 stander lot?
  • #374,992
  • May 1, 2014 6:12am May 1, 2014 6:12am
Quoting nAVIN2007
i wonder if we would be this high up if retail majority were long???
probably not - but a higher prob. would be to say it would look bearish if maj. were long
  • #374,993
  • May 1, 2014 6:13am May 1, 2014 6:13am
Quoting Ryan3645
{quote} Whats so funny
u are being funny with me, u are describing me
  • #374,994
  • May 1, 2014 6:15am May 1, 2014 6:15am
Quoting Ryan3645
I have around 45 lots opened at the moment but can allow a 1000 pips range .
Quoting egkid
{quote} 45 stander lot?
that's $450k of breathing room. Sounds legit.

  • #374,995
  • May 1, 2014 6:16am May 1, 2014 6:16am
Quoting chazzle
{quote} probably not - but a higher prob. would be to say it would look bearish if maj. were long
yes thats an interesting and accurate observation
  • #374,996
  • May 1, 2014 6:21am May 1, 2014 6:21am
Quoting egkid
{quote} 45 stander lot?

I have several positions opened all adding up to 45 lots or better said 44.5 , but all of them are bearish on the GBP. My exit would be at 1.7700 or 1.8000 so hopefully enough breathing space
I wish I could time travel, I'd be "very" rich
  • #374,997
  • May 1, 2014 6:22am May 1, 2014 6:22am
Quoting chazzle
{quote} {quote} that's $450k of breathing room. Sounds legit.

Yeep
I wish I could time travel, I'd be "very" rich
  • #374,998
  • May 1, 2014 6:22am May 1, 2014 6:22am
Quoting nAVIN2007
{quote} u are being funny with me, u are describing me

Why what are you on?
I wish I could time travel, I'd be "very" rich
  • #374,999
  • May 1, 2014 6:23am May 1, 2014 6:23am
reversal is coming looking to aud/usd and dollar index...
  • #375,000
  • May 1, 2014 6:24am May 1, 2014 6:24am
1000 pips drop is coming after touching 1.7019..............I am waiting patiently.....
Nothing Is Certain In The Universe
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