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Cable Update (GBPUSD)

  • #398,221
  • Sep 11, 2014 2:16pm Sep 11, 2014 2:16pm
Quoting nAVIN2007
{quote} the fact that its not closing the gap is a bearish sign in itself tome..are u still in your positions bro dragon has seriously confused me, the mofo is blown north
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hi Nav yes i too ,bit mixed if you bid the last move it fibs at 61% and looks like it wants to short but just waiting to see if we get a bounce here 6180 line will take us to the 50 ema on the 1 hour so it might scalp to there and then long again ,,see what you think the bounce could be the 20ema on the 1 hour ,,confused .com
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  • #398,222
  • Sep 11, 2014 2:17pm Sep 11, 2014 2:17pm
GM what you think here
  • #398,223
  • Sep 11, 2014 2:17pm Sep 11, 2014 2:17pm
This thing won't drop until scalpero shorties are f::::ked over couple of times, then it will drop when scalpero longs step in.
Hear the music before the song is over ...
  • #398,224
  • Sep 11, 2014 2:18pm Sep 11, 2014 2:18pm
Quoting elbert3
{quote} {image} hi Nav yes i too ,bit mixed if you bid the last move it fibs at 61% and looks like it wants to short but just waiting to see if we get a bounce here 6180 line will take us to the 50 ema on the 1 hour so it might scalp to there and then long again ,,see what you think the bounce could be the 20ema on the 1 hour ,,confused .com {image}

the dollar is looking strong.this is keeping cable at bay
  • #398,225
  • Sep 11, 2014 2:20pm Sep 11, 2014 2:20pm
Quoting elbert3
GM what you think here
Which one Billy ?
Hear the music before the song is over ...
  • #398,226
  • Sep 11, 2014 2:22pm Sep 11, 2014 2:22pm
People are so used to longs since the past year, they will keep longing this all the way down to 1.33. just like they were shorting into the last bull trend.
Everyone can see the chart, but only a few can actually read it.
  • #398,227
  • Sep 11, 2014 2:22pm Sep 11, 2014 2:22pm
Quoting GlobalMacro
{quote} Which one Billy ?
just posted to navin i think still long but might want to hold and take a chance and fill up around 6190 area ,, 4 hour cross over 10/20 emas but flat,, ??? not clear
  • #398,228
  • Sep 11, 2014 2:25pm Sep 11, 2014 2:25pm
Quoting elbert3
{quote} just posted to navin i think still long but might want to hold and take a chance and fill up around 6190 area ,, 4 hour cross over 10/20 emas but flat,, ??? not clear
I'm looking at 1.6290. If It falls that far to your area it won't come back up.
Now or never.
Hear the music before the song is over ...
  • #398,229
  • Sep 11, 2014 2:31pm Sep 11, 2014 2:31pm
gbp has a bullish w1 and bearish monthly ,lets see close,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #398,230
  • Edited 2:44pm Sep 11, 2014 2:33pm | Edited 2:44pm
Quoting OnlineAddict
People are so used to longs since the past year, they will keep longing this all the way down to 1.33. just like they were shorting into the last bull trend.
you say you're a scalper. give me one good reason why you wanna scalp this short , right now right here @ 1.6220?
Hear the music before the song is over ...
  • #398,231
  • Sep 11, 2014 2:46pm Sep 11, 2014 2:46pm
Quoting Bones
gbp has a bullish w1 and bearish monthly ,lets see close, {image}
4 Hr chart bullish, I had said this Day before. Still it continues.
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Intraday only.
  • #398,232
  • Sep 11, 2014 2:49pm Sep 11, 2014 2:49pm
Quoting GlobalMacro
{quote} you say you're a scalper. give me one good reason why you wanna scalp this short , right now right here @ 1.6220?
I wouldn't short 6220, but instead wait for another spike up. But why long scalp and go against the trend? To wake up to a 200 pip drawdown?
Everyone can see the chart, but only a few can actually read it.
  • #398,233
  • Sep 11, 2014 2:52pm Sep 11, 2014 2:52pm
Quoting OnlineAddict
{quote} I wouldn't short 6220, but instead wait for another spike up. But why long scalp and go against the trend? To wake up to a 200 pip drawdown?
Why do even talk about scalping and 200 pips drawdown in the same sentence ? Do you always scalp without stop loss ?
Hear the music before the song is over ...
  • #398,234
  • Sep 11, 2014 2:54pm Sep 11, 2014 2:54pm
Quoting GlobalMacro
{quote} Why do even talk about scalping and 200 pips drawdown in the same sentence ? Do you always scalp without stop loss ?
I don't, but most people here don't use a SL, it seems, otherwise they wouldn't be long from above 1.65. If someone doesn't use a SL, its safer to go with the trend and this bear has only started.
Everyone can see the chart, but only a few can actually read it.
  • #398,235
  • Sep 11, 2014 2:55pm Sep 11, 2014 2:55pm
Quoting OnlineAddict
{quote} I don't, but most people here don't use a SL, it seems, otherwise they wouldn't be long from above 1.65. If someone doesn't use a SL, its safer to go with the trend and this bear has only started.
but that's not scalping ...
Hear the music before the song is over ...
  • #398,236
  • Sep 11, 2014 2:56pm Sep 11, 2014 2:56pm
Quoting GlobalMacro
{quote} but that's not scalping ...
Many times scalping turns into swing trading overnight. The ones with a bad entry then call themselfs swing traders. Its all about not being able to cut the loss, they rather wait for 2 months to make 5 pips.
Everyone can see the chart, but only a few can actually read it.
  • #398,237
  • Sep 11, 2014 3:05pm Sep 11, 2014 3:05pm
Quoting OnlineAddict
{quote} Many times scalping turns into swing trading overnight. The ones with a bad entry then call themselfs swing traders. Its all about not being able to cut the loss, they rather wait for 2 months to make 5 pips.
A good trader follows his rules, but great trader knows when to break them
  • #398,238
  • Sep 11, 2014 3:07pm Sep 11, 2014 3:07pm
Quoting OnlineAddict
{quote} Many times scalping turns into swing trading overnight. The ones with a bad entry then call themselfs swing traders. Its all about not being able to cut the loss, they rather wait for 2 months to make 5 pips.
9 outta 10 of trade calls in here is entry , tp and NO stop loss. That means they're already aware from the getgo they don't know what the heck they're talking about.
They say they're scalpers , yet they don't put up their s/l. They say they're longer-term traders , yet they don't put up their s/l.
Then they wonder why the heck they get MC.
All talk and no walk. Read my signature.
Hear the music before the song is over ...
  • #398,239
  • Sep 11, 2014 3:11pm Sep 11, 2014 3:11pm
Quoting GlobalMacro
{quote} 9 outta 10 of trade calls in here is entry , tp and NO stop loss. That means they're already aware from the getgo they don't know what the heck they're talking about. They say they're scalpers , yet they don't put up their s/l. They say they're longer-term traders , yet they don't put up their s/l. Then they wonder why the heck they get MC. All talk and no walk. Read my signature.
Exactly...most people here are scalpers, but like I said, not being able to cut a loss turns scalpers into swing traders. Now I learned even a new term, position trader, people who are holding even for years and don't see the missed opportunities in the meantime and not realize they lose money instead of making money, even if it turns in their favor eventually. I wouldn't wait for 300 pips for months and lose the opportunity to make 1000 in the same time instead.
Everyone can see the chart, but only a few can actually read it.
  • #398,240
  • Sep 11, 2014 3:16pm Sep 11, 2014 3:16pm
Quoting GlobalMacro
{quote} 9 outta 10 of trade calls in here is entry , tp and NO stop loss. That means they're already aware from the getgo they don't know what the heck they're talking about. They say they're scalpers , yet they don't put up their s/l. They say they're longer-term traders , yet they don't put up their s/l. Then they wonder why the heck they get MC. All talk and no walk. Read my signature.
good evening GM,

right you are. trading without sl is like running a crash test with a proband instead of a dummy.
fortis fortuna adiuvat
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