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Cable Update (GBPUSD)

  • #395,401
  • Aug 29, 2014 3:00pm Aug 29, 2014 3:00pm
Taking the weekend risk, added shorts.
  • #395,402
  • Aug 29, 2014 3:01pm Aug 29, 2014 3:01pm
Quoting YardiFX
Who is brave enough to short now..... sorry I'm just having fun watching GU throwing a tantrum
i have no idea how this thing is moving up so quick exactly as time as i open my big mouth again
  • #395,403
  • Aug 29, 2014 3:02pm Aug 29, 2014 3:02pm
every close above 6600 was killed , now they want to do the job one hour before mrkt close , that's fantastic ....or maybe a big short cover -bank , fund manager...- thinking out loud
last thing , it's eurgbp related . you know what happens every last day in the month -rebalance potfilio.
Get Rich or Die Tryin
  • #395,404
  • Aug 29, 2014 3:05pm Aug 29, 2014 3:05pm
Looks good for a bullish run on Monday, only after a confirm.
  • #395,405
  • Aug 29, 2014 3:07pm Aug 29, 2014 3:07pm
Quoting nAVIN2007
{quote} i have no idea how this thing is moving up so quick exactly as time as i open my big mouth again
Bigger forces at play here mate, nothing to do with your mouth...end of month shit by the sharks... enjoy it, learn from it... it happens quiet often towards the beginning of a quarter .....
Peace & Pips
  • #395,406
  • Aug 29, 2014 3:10pm Aug 29, 2014 3:10pm
Quoting nAVIN2007
{quote} i have no idea how this thing is moving up so quick exactly as time as i open my big mouth again
Hi NAV, why you don't try hedge to protect your position when you feel it will going up..... so you will safe when it suddenly fly and open the hedge when it down, maybe you will get BEP sooner than doing nothing.... 500 pips down to here is a good thing to be protected..
Just an advise Bro

Regards
  • #395,407
  • Aug 29, 2014 3:10pm Aug 29, 2014 3:10pm
the massive 30 pip movement was caused by the threat level england just released about ISIS threat level.
no economic impact...strictly news impact
  • #395,408
  • Aug 29, 2014 3:12pm Aug 29, 2014 3:12pm
im short. no showing of any upside other than this random threat isis news from england.
Until pound shows upside consistently im short
  • #395,409
  • Aug 29, 2014 3:13pm Aug 29, 2014 3:13pm
well their defending the 6550 option ,,
  • #395,410
  • Aug 29, 2014 3:13pm Aug 29, 2014 3:13pm
Quoting Red Alert
{quote} Hi NAV, why you don't try hedge to protect your position when you feel it will going up..... so you will safe when it suddenly fly and open the hedge when it down, maybe you will get BEP sooner than doing nothing.... 500 pips down to here is a good thing to be protected.. Just an advise Bro Regards

everytime i try this..my plan fails..
its to early to buy..its finding it tough to even go above 1.66
  • #395,411
  • Aug 29, 2014 3:14pm Aug 29, 2014 3:14pm
Quoting GlobalMacro
Are you guys surprised yet ? {image} Have a fantastic weekend .
Calm down GM, daily high still there to protect all sellers....
  • #395,412
  • Aug 29, 2014 3:16pm Aug 29, 2014 3:16pm
Quoting nAVIN2007
{quote} everytime i try this..my plan fails.. its to early to buy..its finding it tough to even go above 1.66
Technically reasonable....
Good luck mate, all the best for you

Regards
  • #395,413
  • Aug 29, 2014 3:18pm Aug 29, 2014 3:18pm
Quoting elbert3
well their defending the 6550 option ,,
6600 now support ???? buy here ???20 more pips up ?? finish the week maybe
  • #395,414
  • Aug 29, 2014 3:21pm Aug 29, 2014 3:21pm
Quoting nAVIN2007
{quote} i looked at the big time frames more than 3 months and i decided to trade a long term target which for me right now is 1.50 as a second target opening up something below 1.5..I believe the true direction is down im basically using a martingdale stradegy as it goes up sell...accumulating more than 40 positions short..it one of those trades. I set and forget and hope what i have done materialises..if it works..then i consider myself strong to try make a living from this.. if it doesnt work out then..that fine..at least i tried..but the market...
Nav do me one thing and go back and see the economic conditions the last time the pound was below 1.5xxx and compare it to what we are seeing today relative to the dollar and ask yourself are the two conditons comparable to justify the pound being below 1.5xxx
Peace & Pips
  • #395,415
  • Aug 29, 2014 3:22pm Aug 29, 2014 3:22pm
Quoting elbert3
{quote} 6600 now support ???? buy here ???20 more pips up ?? finish the week maybe
just managed pp at 6600 have a good weekend shop closed now,, looks like some really nice wine on the table,, ,,,hic ,,lol
  • #395,416
  • Aug 29, 2014 3:24pm Aug 29, 2014 3:24pm
Quoting Kajos2250
{quote} BE activated, hoping WPP and yesterday high will be defeated to sterngthening the bullish trend on th H4... Good luck! {image}
WPP touched again, reached yesterday high failed, closed, maybe next run, next buy limit .6581, H4 looking good at the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.mfM15.png Size: 55 KB
Anything is math!
  • #395,417
  • Aug 29, 2014 3:26pm Aug 29, 2014 3:26pm
Quoting YardiFX
{quote} Nav do me one thing and go back and see the economic conditions the last time the pound was below 1.5xxx and compare it to what we are seeing today relative to the dollar and ask yourself are the two conditons comparable to justify the pound being below 1.5xxx

i believe everything is priced in the chart and the chart tell me ecomically gbp has hit its peak..
dollar strength i see eising in time..euro i see falling..

gbp i also see falling and well and gold..i trade what i see in the charts
  • #395,418
  • Aug 29, 2014 3:32pm Aug 29, 2014 3:32pm
Quoting nAVIN2007
{quote} i believe everything is priced in the chart and the chart tell me ecomically gbp has hit its peak.. dollar strength i see eising in time..euro i see falling.. gbp i also see falling and well and gold..i trade what i see in the charts
Ok.... trade what you see...I do same...I might need some new glasses though because as of today I entered long on euro...eeekk
Peace & Pips
  • #395,419
  • Aug 29, 2014 3:32pm Aug 29, 2014 3:32pm
Quoting nAVIN2007
{quote} i believe everything is priced in the chart and the chart tell me ecomically gbp has hit its peak.. dollar strength i see eising in time..euro i see falling.. gbp i also see falling and well and gold..i trade what i see in the charts
I read an interesting article in forex magazine related to the rate hike issue of USD and GBP....
so it will be very interesting to see both currency stronger

GBP and EUR are not in linear correlation....

Sell Euro....not GBP...

I don't know how accurate the analysis, you know many analysis to be made just to fool market, they go the opposite

Let see...
  • #395,420
  • Aug 29, 2014 3:32pm Aug 29, 2014 3:32pm
Quoting nAVIN2007
{quote} i looked at the big time frames more than 3 months and i decided to trade a long term target which for me right now is 1.50 as a second target opening up something below 1.5..I believe the true direction is down im basically using a martingdale stradegy as it goes up sell...accumulating more than 40 positions short..it one of those trades. I set and forget and hope what i have done materialises..if it works..then i consider myself strong to try make a living from this.. if it doesnt work out then..that fine..at least i tried..but the market...
Thanks for always being open about your positions, right or wrong. More than many can say.
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