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Cable Update (GBPUSD)

  • #375,161
  • May 1, 2014 9:52am May 1, 2014 9:52am
Quoting gjgjg
Today sucks! Edit: sorry for the random post, but i think im losing it after watching today's PA for a while http://www.stumbleupon.com/su/1A8hgR {image}
Great picture....thanks for it ,o) (downloaded and saved :o) )
  • #375,162
  • May 1, 2014 10:05am May 1, 2014 10:05am
Quoting Luther
{quote} London Open doesn't move the market. It's about the fix. Set the ADR. Move back to equilibrium to give each participant a chance to make their share and go after price is set. This is why closes matter. It's washing 90% of the time, not outside targets. When discovery needs a new center point, that's where they flush. The best way to see this is by understanding time as much as range. And that's as far as I'll go in talking about this. Best of luck. LUTHER OUT .....sorry, couldn't resist.
I disagree, them Landan boys often get things rolling after a boring night of Asian trading Anyway, thanks for the lesson, off to work out what you mean now.....
  • #375,163
  • May 1, 2014 10:05am May 1, 2014 10:05am
Quoting elbert3
{quote} we now need to take out 6886

6880 to drop into prior range, 6800 for anything substantial to happen.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 25 KB
  • #375,164
  • May 1, 2014 10:09am May 1, 2014 10:09am
Quoting Luther
{quote} 6880 to drop into prior range, 6800 for anything substantial to happen. {image}
OK it appears to be fibs within fibs nowadays (and extended fibs?)...........do we still rate round numbers ie slackers levels highly???
OH yeah and what's the 'fix'????
  • #375,165
  • May 1, 2014 10:10am May 1, 2014 10:10am
Quoting Luther
{quote} 6880 to drop into prior range, 6800 for anything substantial to happen. {image}
imho if cable can even go to 1.6850 and below im almost positive (it will motivate me) into thinking this is the top..and this will head down at least 300 pips

it could also be the perfect place to enter a long because 1.660 even is a barrier

its a question is this resistance or support??
  • #375,166
  • May 1, 2014 10:13am May 1, 2014 10:13am
on a positive cable is losing ground the trend is losing steam
  • #375,167
  • May 1, 2014 10:19am May 1, 2014 10:19am
One thing that I've learned from trading is that, you will always know when you are trading with the trend or against the trend. When your trading against the trend it hurts, and it hurts bad. =D When you are trading with the trend, you feel like you can go to the bathroom without your laptop =D ahahahahahaha
  • #375,168
  • May 1, 2014 10:30am May 1, 2014 10:30am
Quoting jonnypants
{quote} OK it appears to be fibs within fibs nowadays (and extended fibs?)...........do we still rate round numbers ie slackers levels highly??? OH yeah and what's the 'fix'????
OK. Every day the lending rate is set. That's the fix, and that's the barrier.

So look at trading. On options your R:R is much lower than spot. So where's big money? In a higher risk spot market or a lower risk options market for a daily strike? The cost of moving price is relative to return. So the 10 AM NY strike is important, depending on the amount of yards per strike. My cost is lower to move price for return in options so that price becomes a reasonable target at that time.

Don't get hung up on fibs. It's just an easy way to identify scared money. If I have a bet. And that bet goes wrong. How far off losing half do I bail?

Guess what. the largest proportion of stops sit at 10% past the middle line. or 60%, or if you are a fib nut 61.8. But it has nothing to do with fibs. Just human nature. So unless you want to sit around and calculate 60%, you drag a fib on a chart because it's built into the software. But it has nothing to do with magic numbers.

So there are the weekly and daily numbers that are the main fight zones, then the longer term swing levels. If you randomly load a bunch of fibs on a chart, you're going to have the right amount of math to fck yourself completely.
  • #375,169
  • May 1, 2014 10:32am May 1, 2014 10:32am
Quoting ruffryders
{quote} His nazi comments got him booted, well done. {image}


Ahh....Bayern Munchen fun
  • #375,170
  • May 1, 2014 11:26am May 1, 2014 11:26am
Quoting ruffryders
{quote} yeah I'm deep undercover commercial member, watch out, I might take your micro-lot account for a spin. he was upset and drunk, need to attend a rehab then I guess. Can also get a schooling at school of hard knocks.
You think you are a big man, hiding behind your self-built image here while insulting others and posting your stupid analysis while insulting anyone who contradicts them. Even if you were the richest man in the world (by money) you still remain broke on a level you will never understand. It is a farce that people like you are allowed to post their incredible stuff here including your pathetic photoshopped pictures.
Fix up, trade sharp ...
  • #375,171
  • May 1, 2014 11:44am May 1, 2014 11:44am
Quoting elbert3
{quote} dell boy what a day i have had,..check the posts and do the maths you off i have had no humor today,, mind that 5 min chart is a killer lol
All work today just riding the forex waves when i can check in - but so glad ur doing good - u seem to be rocking and a rolling as they say nice one E .. hang to those hats maybe with NFP..
  • #375,172
  • May 1, 2014 11:48am May 1, 2014 11:48am
Quoting jonnypants
{quote} You sound like a dumb American schmuck branding all Germans as nazis...... Look, we all have issues with different languages and nuances and not understanding each other on the internet sometimes.......winning a fight on the internet is pointless....it's like winning the Special Olympics Now I can tell you're special ruffy so stop fighting on the internet!!!
Hey Tiger keep the faith and maybe one day we all get to sit round the camp fire, getting drunk and singing Polish Folk songs..
  • #375,173
  • May 1, 2014 11:50am May 1, 2014 11:50am
Quoting ruffryders
{quote} His nazi comments got him booted, well done. {image}

This type of generalization alone (germans = nazi) shows what kind of brain you have LOL
Fix up, trade sharp ...
  • #375,174
  • May 1, 2014 11:50am May 1, 2014 11:50am
Staying short btw..
  • #375,175
  • May 1, 2014 11:53am May 1, 2014 11:53am
Quoting DerekTrotter
{quote} All work today just riding the forex waves when i can check in - but so glad ur doing good - u seem to be rocking and a rolling as they say nice one E .. hang to those hats maybe with NFP..
hi dell yes scalped a few 15 pips from pairs still short eurusd, gold ,,took profit of that one just waiting to short it again went short off the 50% pull back from this mornings move still have that ,i want that to 6865 tp over night for that and waiting to put a pp, asap,, but still have a short that i had an open order from 6770 but i have made its money back so every pip down on that is just a bonus,, i am putting all the shorts tp and los on 6865 to clear, and see the nice account lol gl
  • #375,176
  • May 1, 2014 11:56am May 1, 2014 11:56am
Quoting DerekTrotter
Staying short btw..
if you have a 20 ema on the day chart ,price will meet that sooner or later ??
  • #375,177
  • May 1, 2014 11:57am May 1, 2014 11:57am
Quoting DerekTrotter
{quote} Hey Tiger keep the faith and maybe one day we all get to sit round the camp fire, getting drunk and singing Polish Folk songs..
where do you get them from lol
  • #375,178
  • May 1, 2014 12:06pm May 1, 2014 12:06pm
Quoting elbert3
{quote} {quote} target 6888 from 6908 this might meet the emas on the 1 hour if it closer 6873 then sort again,, bang 25 pips right on the 200 5 min chart that 100 pips normal total trades this morning looking like over 200 pips and nobody was following my scalp numbers go back check them all ,,
dell best trade of the day above ,, i will be taking her for a new dress with that one lol but lost pips on 3 trades total 18 i think
  • #375,179
  • May 1, 2014 12:25pm May 1, 2014 12:25pm
Hello GBP/US

Sort of expecting an explosive up move

Been like that from 1.48

Its going to take a while to slow down the freight train

Has anybody closed all there longs yet to 1.70+
  • #375,180
  • May 1, 2014 12:35pm May 1, 2014 12:35pm
Quoting elbert3
{quote} dell best trade of the day above ,, i will be taking her for a new dress with that one lol but lost pips on 3 trades total 18 i think

GU only like to go up and up and up and up ...
Doesn't like to fall down ... at all ...
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