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Cable Update (GBPUSD)

  • #394,241
  • Aug 20, 2014 11:09pm Aug 20, 2014 11:09pm
Position taken at 1.6770. Will be stopped out at 1.6555
Will never trade in cable again
The Phoenix Trader....
  • #394,242
  • Aug 20, 2014 11:13pm Aug 20, 2014 11:13pm
Quoting sunilpawar
Position taken at 1.6770. Will be stopped out at 1.6555 Will never trade in cable again
sad… of course you're going to get stopped out, this thing is not going to stop going lower yet…. it's really insane. I had positions short EU and GU the day EU topped that would have made me $100,000 more if i didn't get out, and was so fkn bearish up there, I suck.


There's trading and then there's investing. For me trading is my crack addiction and my leak. Long term investing is where it's at. Wish all of you the best of luck with the casino gambling of short term trading.
  • #394,243
  • Aug 20, 2014 11:15pm Aug 20, 2014 11:15pm
Quoting sunilpawar
Position taken at 1.6770. Will be stopped out at 1.6555 Will never trade in cable again
My advice... trade in the direction of the weekly chart
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #394,244
  • Aug 21, 2014 1:07am Aug 21, 2014 1:07am
longs under water at 165.80 , weekly profit at risk. Regretting at the moment
  • #394,245
  • Aug 21, 2014 1:30am Aug 21, 2014 1:30am
Gidday GBP/US

Come on somebody hit the spike button

Nice big one to clear my shitty longs out

I need some money for the weekend
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  • #394,246
  • Aug 21, 2014 1:51am Aug 21, 2014 1:51am
add some little pip

bum! SL+1
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  • #394,247
  • Aug 21, 2014 1:54am Aug 21, 2014 1:54am
GBPUSD long term view.
http://www.forexfactory.com/showthre...14#post7688514

Possible route on an impulse wave C down.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #394,248
  • Aug 21, 2014 2:01am Aug 21, 2014 2:01am
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bang on the nose ,,,thank you up we go lets see how far ,indication for me is emas start to cross 15 min and up only the weekly is bull as emas have not crossed ,target for now 6602
  • #394,249
  • Aug 21, 2014 2:22am Aug 21, 2014 2:22am
I don't see it goes lower than 1.65
It seems that buyers were waiting for 6570-60 area, I made it a bit earlier at 6593... anyway, we need a clear break above 1.66 to confirm the upside retrace
  • #394,250
  • Aug 21, 2014 2:25am Aug 21, 2014 2:25am
Next ..... 1.6416 ...... 1.6252 ?
  • #394,251
  • Aug 21, 2014 2:29am Aug 21, 2014 2:29am
GBPUSD and EURUSD are both in a downtrend for now, anyone buying now is WRONG!
  • #394,252
  • Aug 21, 2014 2:31am Aug 21, 2014 2:31am
Quoting hwonda
GBPUSD and EURUSD are both in a downtrend for now, anyone buying now is WRONG!

Gidday

It can spike

bingo
  • #394,253
  • Aug 21, 2014 2:35am Aug 21, 2014 2:35am
Quoting hwonda
GBPUSD and EURUSD are both in a downtrend for now, anyone buying now is WRONG!
I'm buying (because I'm a position trader not a day trader )
  • #394,254
  • Aug 21, 2014 2:43am Aug 21, 2014 2:43am
Quoting eliasahmar
{quote} I'm buying (because I'm a position trader not a day trader )
Well, even if you're a position trader, you're still WRONG, you still have a risk threshold.
  • #394,255
  • Aug 21, 2014 2:47am Aug 21, 2014 2:47am
Quoting eliasahmar
{quote} I'm buying (because I'm a position trader not a day trader )
So you think this is not going DOWN any more
A good trader follows his rules, but great trader knows when to break them
  • #394,256
  • Aug 21, 2014 2:52am Aug 21, 2014 2:52am
Quoting hwonda
{quote} Well, even if you're a position trader, you're still WRONG, you still have a risk threshold.
ofcourse my friend that's why we use SL
anyway, you have your own charts and analysis and I have mine based on my chart "on the long term" we are heading up back again
  • #394,257
  • Aug 21, 2014 2:52am Aug 21, 2014 2:52am
Quoting eliasahmar
{quote} I'm buying (because I'm a position trader not a day trader )

what I am sure is by August 25th we won't be at 7100 for sure which was HDA's target. It has to rally a massive 550 pips in 2 days and I don't see that happening on back of retail sales or Jackson hole. I exited my longs which I was holding around 6700 yesterday in small profit and short looks a better option and my short from 7150 is still open. I have closed 2 from 7000 and 6920 and opened one more today around 6590. I am expecting sub 6500
  • #394,258
  • Aug 21, 2014 2:56am Aug 21, 2014 2:56am
Today seems Price can go to 66250 before will go down...
Try don't lose pants never...
  • #394,259
  • Aug 21, 2014 2:57am Aug 21, 2014 2:57am
Quoting ill_be_back
{quote} So you think this is not going DOWN any more
this is my opinion
http://www.forexfactory.com/showthre...92#post7688692
  • #394,260
  • Aug 21, 2014 2:59am Aug 21, 2014 2:59am
Quoting giveachance
{quote} what I am sure is by August 25th we won't be at 7100 for sure which was HDA's target. It has to rally a massive 550 pips in 2 days and I don't see that happening on back of retail sales or Jackson hole. I exited my longs which I was holding around 6700 yesterday in small profit and short looks a better option and my short from 7150 is still open. I have closed 2 from 7000 and 6920 and opened one more today around 6590. I am expecting sub 6500
did he say we gonna reach 7100 by August 25th? I think not even God can be that accurate
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