Cable Update (GBPUSD)

Why do you try to call a top?

The trend is your friend until it ends.

It's just my strategy sir. I called the bottom but it cost me a few quid. I'm now trying to call the top whilst that position is still running. Just my particular game

thanks lets hope that sunday will drop.// i was sitting there and the bleep went on the laptop,i thought 6998 was filled profit from 19 short,,?? my god what a jump at the end of the week ??? there must of been last min orders , so lost a few hense back 44 would of been better but i think 715 still on the table ?? lets hope the weekly is a hammer and we can go short from here . well done for being in late .regards E PS THE BOTTLE OF WINE IS EMPTY LOL

LOL GM its 11 pm drunk well sooooon lol i think you got out tooo early but we know getting out can be as hard as getting in,,it been a good end of week,remember this,, a fish should never be dry, ??? if it is you have over cooked it lol, night buddy

Absolutely.If next week is a bear then you have to say it's south all the way.

whats even worse elbert is I trade binary options and had a gbp/usd sell for 1.70266 end of the day friday. i was in money till the last 15 mins when I turned 30 pips and I lost money on the trade. time to quit this pair forever???? thinking

Hmm… somewhat interesting that Cable seems to be finishing the month at the high of 2009. Yes, it may seem a little ‘toppy’, but then that has appeared to be the case for so long now, that any argument for a fall must come with some caveats.

The daily is doing its normal thing – heading north.

The daily FXCM Dollar is again tapping away at the FE 150, and if this goes, I would not be surprised to see Cable make a move for the FE 88.6 at 1.7362… which would be a shame, as I am holding a short in my efforts to catch a top. Yes, I know, I should know better, but hey, there ain’t many amongst us who do not try this.

Cable monthly:

Cable daily:

FXCM Dollar daily:

Monthly moan ending June 2014

I’m liberal-minded – but not, I hasten to add, a fluffy liberal. As such, I will tolerate most things… in moderation, or to the point where the pain becomes unbearable, not to say absolutely disgusting to look at. However, there are some sights that just make you stop in your tracks and want to shout NO!

My example is that which I viewed whilst perusing a shopping district within Tokyo. True, most districts of Tokyo seem like shopping centres, but with so many people, and so little space, that hardly comes as a surprise to me. Anyway, within this particular shopping district, one could view the many sararīman (salarymen), racing around in their suits as they desperately tried to make a profit from the Japanese Prime Minister’s crazy economics; the seemingly even greater amount of ladies chasing the image of pristine prettiness; and then, the weirdoes. And there were more than just a few.

Now, there is something abstractly attractive about a lady/girl in cosplay - one could even argue, seductive. However, there ain’t nothing alluring about seeing grown men dressed as animals, and taking the whole role-play thing a little too seriously. Teenage boys can be forgiven such behaviour as they seek a mate, and thus show any prospective partner just how progressive they are within Japan’s constricting culture, but not chaps with beer bellies that a Sumo wrestler would be proud of, hairy arms that could belong to a bear, and maybe even the odd Yakuza tattoo hidden from view.

Sure, I understand that the economy within Japan is not being kind to anyone at the moment – although with the prices in the shops, it’s hardly surprising that there is a slump in real retail (unbeknown to my wife, I opted not to purchase that designer scarf at a price nearing my airfare to get back home (although one will never know which she may have preferred to receive)) – but when a middle-aged man dresses as a yellow cat, with velvet ears and claw cloves to match, you ‘godda’ ask yourself if he has reached the edge… through either ruin within Japan’s ailing economy, or too many drinks with clients before passing out on a train. Of course, he may well have been one of the many ‘unrecognised’ that have been affected from the Fukushima fallout, but there was no glow emanating out from him – other than an aura of wackiness.

Meowing at other young nutcases that where predominantly of the female variety, and feigning a paw swipe that in most cases elicited a response of demur giggles - oh how I hate the weakness in this ostensibly contrived subservience – this pussy seemed to gain confidence in his ability to lift the mood of those that he accosted. So much so that he repeated his actions. This only served to make the giggles sound more awkward – perhaps worried - and eventually, he was told to kuso kurae (I’m told that means f**k off). A response that I thought was also what the Japanese that I was talking to whilst working in Japan, presented to their puppets in official office every few days, when these so-called leaders attempted to lift the mood of the public.

And I can understand why there is such a public reply, as the Japanese Government vainly attempts to push out good news backed up with little substance. For, you see, the place seems dead – economically, that is, when compared to the past. I mean, stagflation has eaten so far into the ‘traditional’ lifestyles of the Japanese, that the aspirations of work, reward and comfortable retirement for the past 60 years, are taking a nose-dive quicker than a kamikaze… with many of the fresh recruits to slaughter not even bothering to turn up for selection any more, whilst the Japanese Prime Minister, Shinzo Abe, talks about shooting his “third arrow” of reform in order to punch some life into the Japanese economy.

Pff, I always took any arrow analogy to mean the death of its target; and maybe this is the twisted code that should be gleaned from his comments. Either that, or that he may be firing a blank… although he seems to think that the Japanese Government has “revved up” the return of prosperity to the Japanese.

Maybe, but what I saw was a population reeling from bad governance, and corporate melt-down as other Asian countries present cheaper workforces and production facilities that, if not enticing the Japanese multinationals to up sticks and relocate to these other countries, are setting up their own businesses, and taking the Japanese head-on. A point not lost the younger population of Japan, and whom, by all accounts, feel betrayed by their elders, and thus do not want to pay for the upkeep of their elders; be this through taking a low salary so that the more senior can enjoy their existing pay-packets; paying a higher tax rate in order to cover the costs of government bailing out the old-boy network; or doing the honourable thing and living in small boxes with little to eat, in order for their earnings to pay for the care of a burgeoning brigade of retirees.

Indeed, with the life choices for the young becoming so surreally restricting, is it any wonder that more and more of them choose to escape into fanaticism?
Replete with fluffy ears, tight pants, and an aversion to the old that, trying to ‘get down’ with the young by acting like nutcases, are perhaps indicative of how as the economy becomes worse and worse, so those that fall from the protection of the corporate sky, are becoming older and older.

Morning GC , FOR ME SOLD 3 SHORTS AND WENT LONG ON THE TURN 09 AND SOLD 8 PIPS AND WENT SHORT AGAIN AT 19,, THE OTHER CRAZY THING IS EMA SET UP IS LONG ON MY 4 HOUR,,???? KICK ME IN THE HEAD, HAVE A GOOD COUPLE OF DAYS OFF THE THING ,,E

And it's probably even harder getting back in after having gotten out....but hey...It's better to have one bird in the hand
than two in the bush...

Enjoy the weekend.

I dont care how big your balls are, who in their right mind buys into those levels at that time on a Fiday? Has all the hallmarks of a stop hunt that does.

afternoon , only us 2 on last night ? i still dont believe that it jumped that much so late i think it was around 9ish,, uk time 24 pip jump up,, and it could still go up to 62 .

Hello elbert! I wonder if the big boys know something we dont about the open tomorrow? That hike went just 12 pips above the crucial level and then settled below it.I wonder how many stops were sat there.The only thing that would make it unusal for that type of hunt is that it was under relatively high volume.That make me wonder whether not only were stops being taken out but maybe also those mms actively selling after what could turn out to be a prolonged period of distribution.Also PA wise, those last 2 hourly bars put together look like a fairly convincing pin bar.Just a thought anyhow!

Hello GBP/US

Enjoy every post

There was always going to be fun an games around the 1.70

bit like the YEN hold the 100.

I got my first short in 1.703 to 169

A few longs also,1.709 1.71 etc

I see a few traders holding shorts,anything above 1.70 etc

Yeah but the way they keep pulling the chain,does not inspire confidence

to take to many risks.

Short term sell 7000 SL 7200 TP 6800
Mid term sell 7000 SL 7200 TP 6400
Long term sell 7000 SL 7200 TP 6000

I believe there's still some upward to 1.71 maybe and then downward will begin IMHO. bear are a little weak... GBPCHF shows upward too

Hope so but doubt it! Ever seen a baby bear? Think we're seeing one now!

Believing, hoping, maybeng, wishful thinking aso

Have no place in a successful Forex trading.

Charts with trend lines and a accurate explanation is the key !!!

That was not meant to you especially but to all the predictors here !!!
Im sick of it. Post interesting things or let it be.

Please !!

To be fair sir, I think all we traders ever do IS predict! I agree ,theres no room for hoping , praying etc but prediction is EXACTLY what trading is about.

In most basic level everyone has a bias and there is no right or wrong.
For short time frame trader banking 20pips a day trend, TL could be absolute but for daily trader could have some meaning.
What is more annoying typical TA trader projecting TL in the future and saying price is going xx just because it projects it so.
EU at 1.3950 TL was projecting 148+ Did it happen?No. To me TL projection is just that belief,hope etc.Very thing you are sick of it.