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Cable Update (GBPUSD)

  • #395,881
  • Sep 2, 2014 7:42am Sep 2, 2014 7:42am
i'm still pretty new to forex but so what i'm getting here is that 1000ish randomly surveyed voters in the UK have the power to drop a currency's value by almost a cent??? or am I missing something....
  • #395,882
  • Sep 2, 2014 7:45am Sep 2, 2014 7:45am
Quoting Makavell
{quote} The current downward onslaught would not stop till somewhere around 1.6415-05 for a little breadth before it attacks 1.6251.

I think you are right
Come with me if you want to live....
  • #395,883
  • Sep 2, 2014 7:59am Sep 2, 2014 7:59am
Quoting albchr
{quote} Just curious sami, are you "following" him?

yes you can so... being a day trader try to BECOME a position trader lol...
  • #395,884
  • Sep 2, 2014 8:11am Sep 2, 2014 8:11am
wtf happened there green date and this fm..as i posted sunday break then 6250,,but looking at it before not sure if it will do 6500 in buy order 508, it looks like its going up on the 5 min but something stinks here ,watch the pos of false break,, we have a false to the upper tl or was it taking longs out off the retail traders ?? 2,6k down i just thought i would post that ,,it will give joy to certain trader , ,,i still have 4 longs but the money on them is not a bother ,,,,,looks like there has been some stick given out,,, come on ,,some times he who laughs last, laughs longest
  • #395,885
  • Sep 2, 2014 8:13am Sep 2, 2014 8:13am
Quoting thegmann
i'm still pretty new to forex but so what i'm getting here is that 1000ish randomly surveyed voters in the UK have the power to drop a currency's value by almost a cent??? or am I missing something....
Start here buddy http://www.babypips.com/ the chaos in here will make you learn the hard way .
  • #395,886
  • Sep 2, 2014 8:19am Sep 2, 2014 8:19am
cable outlook ,over next few weeks,already the bullish looking w1 has failed ,by low break, only recovery today will save ,close under 540 brings more down ,even with retrace,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 2 sept (DFB).png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,887
  • Sep 2, 2014 8:21am Sep 2, 2014 8:21am
Quoting Bones
what are you talking about Chris I've traded a 2k account to 100k ,live and posted statement , is that close to you ? {quote}
Sounds interesting. What was your initial risk per trade and how long did it take?
Fix up, trade sharp ...
  • #395,888
  • Sep 2, 2014 8:24am Sep 2, 2014 8:24am
http://www.fxstreet.com/analysis/mar...ew/2014/09/02/ some reading,,remember interest rate rise on the table ,green news so where would you go long /or short today,,,answer,just above 6509/or 6495 ?? interesting fib the top and bottom now,, ext is 6500 at 61%
  • #395,889
  • Sep 2, 2014 8:26am Sep 2, 2014 8:26am
Hi H ,

2k to 10k in 5 weeks ,10k to 100k in 5 weeks building as you go over 7-8 pairs ,risk reduced as you go

gbp is very clear bear





Quoting Hickson
{quote} Sounds interesting. What was your initial risk per trade and how long did it take?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXMonthly 2.png Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,890
  • Sep 2, 2014 8:32am Sep 2, 2014 8:32am
Looks like targeting stops at 1.65...
  • #395,891
  • Sep 2, 2014 8:33am Sep 2, 2014 8:33am
for context only I'm quoting myself chris ,
I believe this d1


Quoting Bones
you could trade break ,pa suggest to me tl is not correct {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp JPY d1 (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,892
  • Sep 2, 2014 8:35am Sep 2, 2014 8:35am
Quoting Ck87
Looks like targeting stops at 1.65...
Its not SL hunting anymore...its a clear bear trend. Even if we go up on bad news, its just another sell.
Everyone can see the chart, but only a few can actually read it.
  • #395,893
  • Sep 2, 2014 8:36am Sep 2, 2014 8:36am
Quoting OnlineAddict
{quote} Its not SL hunting anymore...its a clear bear trend. Even if we go up on bad news, its just another sell.
That's a good point…. but in short term if it rallies to 1.68 or so it would be a hunt here...
  • #395,894
  • Sep 2, 2014 8:36am Sep 2, 2014 8:36am
Quoting chazzle
{quote} Plenty of time, actually - although whether others can trade it or not, is not really my concern - just posting what I'm doing, rather than what I did GU M1 {image}
Hi Chazz, Never stop your live scalp call...You are the number one in this field
Don't be smart. Be rich.
  • #395,895
  • Sep 2, 2014 8:41am Sep 2, 2014 8:41am
Come on 1. 6500...
Peace & Pips
  • #395,896
  • Sep 2, 2014 8:43am Sep 2, 2014 8:43am
Quoting Ck87
Looks like targeting stops at 1.65...
We may some buying after US news has cleared. Would be an opportunity to look for a nice short entry trigger.
  • #395,897
  • Sep 2, 2014 8:43am Sep 2, 2014 8:43am
could be ,just break this range

Quoting Bones
fail this level is a bit like cables fail at range high ,.. this chart has fallen nearly 100 pips from my first post, {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Wall Street Cash (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,898
  • Sep 2, 2014 8:44am Sep 2, 2014 8:44am
Quoting OnlineAddict
{quote} Its not SL hunting anymore...its a clear bear trend. Even if we go up on bad news, its just another sell.
Yes, looks very bearish after retests.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
Come with me if you want to live....
  • #395,899
  • Sep 2, 2014 8:47am Sep 2, 2014 8:47am
Quoting Bones
for context only I'm quoting myself chris , I believe this d1 {quote} {image}
Relevant chart, in case it is helpful. Pretty sure I posted this somewhere yesterday....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily91.jpg Size: 161 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #395,900
  • Sep 2, 2014 8:48am Sep 2, 2014 8:48am
The thing with patterns, is there is very often patterns within patterns on various timeframes, so a failed pattern on one TF or direction, materializes into another pattern of diff TF and often opposite direction.
Can be a tough nut to crack at times if you ask me.
Come with me if you want to live....
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