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Cable Update (GBPUSD)

  • #390,081
  • Jul 30, 2014 11:28am Jul 30, 2014 11:28am
Quoting Nate04
{quote} Good god -1100!!! I'd be , (and probably minus 1 account as well). I know he explained how he trades, but I could never understand how he can sit there and not lose his mind looking at that kind of red (in addition to the interest he is being charged daily). That being said, if it works for him... So be it. The only number that really matters is how much $$$ he closes the trade with.
@Nate04:

Tell that to trader cspip

HDA OUT
  • #390,082
  • Jul 30, 2014 11:28am Jul 30, 2014 11:28am
GBPUSD - RSI is doing final touch up at 61.8% - RSI OverSold.. Will push up highs now

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily30July20142.png Size: 153 KB
SpotPip - we SPOT, you PIP
  • #390,083
  • Jul 30, 2014 11:31am Jul 30, 2014 11:31am
Quoting HDA
{quote} @DerekTrotter: DDDAAAMMMMMMMNNNNNNN!!!!!!! I'd love to but I can't I LOVE MY WIFE I hope she reads this one day HDA OUT
Why? According to some, everything written here is BS? ... ...
Ghost Rider - WWTBMD?
  • #390,084
  • Jul 30, 2014 11:32am Jul 30, 2014 11:32am
@nAVIN2007:

I await your authentic proof of me having multiple usernames, I am calling you out SIR

HDA OUT
  • #390,085
  • Jul 30, 2014 11:33am Jul 30, 2014 11:33am
@HDA:

Hey friend, you are doing great trades lately Congrats
Since you reappeared you are posting a lot too, and great contributions btw
  • #390,086
  • Jul 30, 2014 11:35am Jul 30, 2014 11:35am
Quoting albchr
{quote} Why? According to some, everything written here is BS? ... ...
@albchr:

The truth always sets you free.

"The better you are as a person, the better a trader you will be"

HDA OUT
  • #390,087
  • Jul 30, 2014 11:37am Jul 30, 2014 11:37am
Quoting Carlicus
@HDA: Hey friend, you are doing great trades lately Congrats Since you reappeared you are posting a lot too, and great contributions btw
He's back! You've been missed Carlicus.
Ghost Rider - WWTBMD?
  • #390,088
  • Jul 30, 2014 11:39am Jul 30, 2014 11:39am
Quoting HDA
{quote} @albchr: The truth always sets you free. "The better you are as a person, the better a trader you will be" HDA OUT
It's a shame not everyone understands this basic ... Fact.
Ghost Rider - WWTBMD?
  • #390,089
  • Jul 30, 2014 11:42am Jul 30, 2014 11:42am
Quoting HDA
{quote} @DerekTrotter: DDDAAAMMMMMMMNNNNNNN!!!!!!! I'd love to but I can't I LOVE MY WIFE I hope she reads this one day HDA OUT
Likewise HDA
...
  • #390,090
  • Jul 30, 2014 11:43am Jul 30, 2014 11:43am
Quoting HDA
{quote} @Nate04: Tell that to trader cspip HDA OUT
Attached Image
  • #390,091
  • Jul 30, 2014 11:45am Jul 30, 2014 11:45am
Quoting Carlicus
@HDA: Hey friend, you are doing great trades lately Congrats Since you reappeared you are posting a lot too, and great contributions btw
@Carlicus:

I remember you - The GREEN D extension has hit and I'm trading the retrace

Please see your previous post with the exercise we did together when I was explaining to you how to analyze the GBP/USD using only FIBS and nothing else at all - on Thursday, May 8, 2014 at 7:32pm eastern, not Spain time
http://www.forexfactory.com/showthre...18#post7458218

Here is your chart:

http://www.forexfactory.com/attachme...1&d=1399591955


HDA OUT
  • #390,092
  • Edited 11:58am Jul 30, 2014 11:48am | Edited 11:58am
Quoting Nate04
{quote} {image}
@Nate04:

If the Berlin Wall can come down, so can trader cspip's wall with patience.

However, one could also argue, that:

" A MAN CONVINCED AGAINST HIS WILL, IS STILL OF THE SAME OPINION"

HDA OUT
  • #390,093
  • Jul 30, 2014 11:50am Jul 30, 2014 11:50am
Quoting elbert3
{quote} well done that man,, even £1 per pip is good ,,,note it looks like resting time at the 10o if so retrace on the cards 6947 at this time ema area then short ,,opinion only {image}
Thanks Elbert. All trades now at BE. I expect some to get kicked out at BE on retraces (not so far on this move, but I'm sure it will come). I'll renter on the pullbacks until it's time to close.

Get in. Get to BE. Wait. Rinse. Repeat.
  • #390,094
  • Jul 30, 2014 11:51am Jul 30, 2014 11:51am
Quoting giveachance
{quote} no chance
I am on the same page but once a long term trend is violated and opens up a new scenario you can only go backwards to see when those new highs were hit. Those levels were touched last time in 2008-9 when 1.3 was also hit. However, I believe that many things have changed in trading since 2008.Having said that 1.2 is still a possibility...I am planning to leave this trade at 1.1 and watch.
  • #390,095
  • Jul 30, 2014 11:54am Jul 30, 2014 11:54am
Quoting SpotPip
GBPUSD - RSI is doing final touch up at 61.8% - RSI OverSold.. Will push up highs now {image}


Seems to be holding out for FOMC. Wasn't last month's FOMC a non-event?
  • #390,096
  • Jul 30, 2014 11:57am Jul 30, 2014 11:57am
COnsidering USDX RSI, actually it was reasonable for cable buyers, but it was another story when good US GDP made USD create a spike, killed many buyer SL (including me), it cost my almost 2 weeks profit in one trade because of lot size was overconfidence...

Okey, bussiness not only how we take the profit but also about accept the loss....

If you want to buy the dip, better wait the strong confirmation reversal candle pattern etc, instead of single stochastic indicator....
enough for me today, will try again tomorrow..
  • #390,097
  • Jul 30, 2014 12:02pm Jul 30, 2014 12:02pm
Hmm, anyone buying 6886? Seems risky...but might be worth it. But if 6880 breaks, its better to wait for 6850-60.
Everyone can see the chart, but only a few can actually read it.
  • #390,098
  • Jul 30, 2014 12:07pm Jul 30, 2014 12:07pm
Quoting OnlineAddict
Hmm, anyone buying 6886? Seems risky...but might be worth it. But if 6880 breaks, its better to wait for 6850-60.
If you have the chance I would rather stay out. If we got to this point, it is probably because the elderly woman wanted to appreaciate USD in summer time. How they manipulated gdp brings fresh evidence.
  • #390,099
  • Jul 30, 2014 12:09pm Jul 30, 2014 12:09pm
Quoting Greener
{quote} If you have the chance I would rather stay out. If we got to this point, it is probably because the elderly woman wanted to appreaciate USD in summer time. How they manipulated gdp brings fresh evidence.
I didn't decide yet, but both cable and euro dropped around 300 pips without any solid retrace. Not looking for much, just 50-80 pips.
Everyone can see the chart, but only a few can actually read it.
  • #390,100
  • Jul 30, 2014 12:11pm Jul 30, 2014 12:11pm
Quoting albchr
{quote} He's back! You've been missed Carlicus.
Hi Chris!! I have been waiting veeery patiently (2 months I think) till I have recovered a little bit from my last stupid trade. I haven't posted cause i couldn't trade more since that would have been quite risky.

How have you been my dear friend?
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