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Cable Update (GBPUSD)

  • #380,481
  • Jun 5, 2014 7:45am Jun 5, 2014 7:45am
One stubborn little range here.
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Ghost Rider - WWTBMD?
  • #380,482
  • Jun 5, 2014 7:48am Jun 5, 2014 7:48am
Short taken 6757 off 50 %pull back sl on and pp asap not to get spiked
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  • #380,483
  • Jun 5, 2014 7:51am Jun 5, 2014 7:51am
Stopped at entry. GU may be stuck in this zone for today. Not touching for remainder of week. Good thing ej paid up. Safe trading to all the cablers. Next week for me.
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #380,484
  • Jun 5, 2014 7:51am Jun 5, 2014 7:51am
Quoting albchr
She wants up. That slug EU is holding her back. Look at GBP/CHF...BOOM to the moon. up 150+ since news. EDIT: Oh yeah I forgot, long 39 LOL
Agree Chris....patience, my friend, in time we shall overcome
Hear the music before the song is over ...
  • #380,485
  • Jun 5, 2014 7:52am Jun 5, 2014 7:52am
Risk is to the upside, looking for 1.6820, 1.69 then 1.7
Attached Image (click to enlarge)
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  • #380,486
  • Jun 5, 2014 7:54am Jun 5, 2014 7:54am
Quoting GlobalMacro
{quote} Agree Chris....patience, my friend, in time we shall overcome
Yep, I think she's close to ready now bro. Pulled 27 this morning, coughed up 5 a few minutes ago. This one now covered +5. Let's see what shakes out.

Sure wish I was watching G/CHF though. Dang!! I'd be done for the week there. LOL
Ghost Rider - WWTBMD?
  • #380,487
  • Jun 5, 2014 7:56am Jun 5, 2014 7:56am
Quoting elbert3
short taken 6757 off 50 %pull back sl on and pp asap not to get spiked {image}
677 short again last one 5 pip loss
  • #380,488
  • Jun 5, 2014 7:59am Jun 5, 2014 7:59am
Bloody slug!
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #380,489
  • Jun 5, 2014 8:01am Jun 5, 2014 8:01am
Quoting albchr
{quote} Yep, I think she's close to ready now bro. Pulled 27 this morning, coughed up 5 a few minutes ago. This one now covered +5. Let's see what shakes out. Sure wish I was watching G/CHF though. Dang!! I'd be done for the week there. LOL
She's about suckering in enough shorts before squeezing them out on the way up...

Same Ol' , Same Ol'....
Hear the music before the song is over ...
  • #380,490
  • Jun 5, 2014 8:02am Jun 5, 2014 8:02am
This price action is pure shit
  • #380,491
  • Jun 5, 2014 8:04am Jun 5, 2014 8:04am
Quoting elbert3
Short taken 6757 off 50 %pull back sl on and pp asap not to get spiked {image}
Closed Gold stopped out @ 1251 ->
Attached Image
Super M shorting the EU.... Like no one knew he would
Cable is fundamentally weak with EUR but in very high demand toss the fundies out the window.... apparently short EG

back to work

Attached Image
  • #380,492
  • Jun 5, 2014 8:05am Jun 5, 2014 8:05am
Quoting GlobalMacro
{quote} She's about suckering in enough shorts before squeezing them out on the way up... Same Ol' , Same Ol'....
Or maybe it's suckering longs on the way down
Whatever it is we'll know in a couple of days
  • #380,493
  • Jun 5, 2014 8:07am Jun 5, 2014 8:07am
Quoting GlobalMacro
{quote} She's about suckering in enough shorts before squeezing them out on the way up... Same Ol' , Same Ol'....
Wash rinse....awww... you know the rest.

Maybe, just maybe, Pee Yew here has found her bottom ... with both hands? LOL
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #380,494
  • Jun 5, 2014 8:11am Jun 5, 2014 8:11am
Long GJ while cable decides. Not forcing it.
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #380,495
  • Jun 5, 2014 8:13am Jun 5, 2014 8:13am
Quoting jimmyc
{quote} closed gold stopped out @ 1251 -> {image} super m shorting the eu.... Like no one knew he would cable is fundamentally weak with eur but in very high demand toss the fundies out the window.... Apparently short eg back to work {image}
well done jim i was hoping to hit 37 to go back to 76 , but if your saw my posting i was right it came back to the 10 on the day right on the nose, short now then some where i will look later it could do 37 from here ??? R..e
  • #380,496
  • Jun 5, 2014 8:14am Jun 5, 2014 8:14am
Quoting Carlicus
{quote} Or maybe it's suckering longs on the way down Whatever it is we'll know in a couple of days
After having fallen 300 pips already , who's more prone to being a sucker here....longs or rather shorts ? You go figure.
Hear the music before the song is over ...
  • #380,497
  • Jun 5, 2014 8:18am Jun 5, 2014 8:18am
Quoting GlobalMacro
{quote} After having fallen 300 pips already , who's more prone to being a sucker here....longs or rather shorts ? You go figure.
Wait...I may need to get my calculator out for that one :nerd: ....

By the way bro. My little the Dragon is very, very close now for the swing.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #380,498
  • Jun 5, 2014 8:21am Jun 5, 2014 8:21am
Quoting Carlicus
{quote} Or maybe it's suckering longs on the way down Whatever it is we'll know in a couple of days
Well said sir,,, sorry GM but i am short,, C i hope you had some tp area i put mine on last night ,price did go over resistance at 25 so it tells us it can go lower, the 100 sma saved it again thats the 2nd time this week,, so 3 strikes and your out for the next time.??? consolidation time now ,, so back for tea ..i hope you acc is ok, i was worried when you posted about the emas,, regards B
  • #380,499
  • Jun 5, 2014 8:22am Jun 5, 2014 8:22am
Quoting JimmyC
{quote} Closed Gold stopped out @ 1251 -> {image} Super M shorting the EU.... Like no one knew he would Cable is fundamentally weak with EUR but in very high demand toss the fundies out the window.... apparently short EG back to work {image}
Hi Jimmy,

Howzit EG?
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #380,500
  • Jun 5, 2014 8:24am Jun 5, 2014 8:24am
Quoting GlobalMacro
{quote} After having fallen 300 pips already , who's more prone to being a sucker here....longs or rather shorts ? You go figure.
It depends on your time frame, since if I use the same logic: after having risen 2000 pips already, who's more prone to being a sucker? ...
What is your tp on the long side?

I think both of us can be right depending on the time frame. For example, if you think shorts are being tricked to reach 1.685, and that number is hit, you are right. But that movement to 1.685 could be considered by me as longs being tricked if we finally reach 1.65
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