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Cable Update (GBPUSD)

  • #401,201
  • Oct 1, 2014 10:11am Oct 1, 2014 10:11am
Quoting OnlineAddict
{quote} Like I said, no bull in the house. But now its pretty much "after market", busiest time is over, so bulls can take this up now, for a good short into tomorrow.
Right ... 100 pip climb and it just .... went there with no buyers. With the 6100 option this is no surprise really. Top was a good selling point. But this isn't over yet me thinks.
Ghost Rider - WWTBMD?
  • #401,202
  • Oct 1, 2014 10:13am Oct 1, 2014 10:13am
Quoting albchr
{quote} Right ... 100 pip climb and it just .... went there with no buyers. With the 6100 option this is no surprise really. Top was a good selling point. But this isn't over yet me thinks.
Every downtrend needs bulls to sell from higher, look at 6500 before the "Vote", how many people got fooled into buying and it dropped 200 pips overnight. Still safer to short the spikes than long the dips. When someone wants to hold the trade. The important thing is we made a LOWER LOW, so bulls have no chance, yet.
Everyone can see the chart, but only a few can actually read it.
  • #401,203
  • Oct 1, 2014 10:18am Oct 1, 2014 10:18am
Quoting OnlineAddict
{quote} Every downtrend needs bulls to sell from higher, look at 6500 before the "Vote", how many people got fooled into buying and it dropped 200 pips overnight. Still safer to short the spikes than long the dips. When someone wants to hold the trade. The important thing is we made a LOWER LOW, so bulls have no chance, yet.
So I suppose you're short from the top?
Ghost Rider - WWTBMD?
  • #401,204
  • Oct 1, 2014 10:24am Oct 1, 2014 10:24am
Quoting albchr
{quote} So I suppose you're short from the top?
I only trade EU lately and just follow GU for entertainment, but yes, I short the EU spikes, if I'm there to catch them.
Everyone can see the chart, but only a few can actually read it.
  • #401,205
  • Oct 1, 2014 10:25am Oct 1, 2014 10:25am
Quoting albchr
{quote} So I suppose you're short from the top?
Of course not... He just love to pass running commentary
Peace & Pips
  • #401,206
  • Oct 1, 2014 10:26am Oct 1, 2014 10:26am
Quoting YardiFX
{quote} Of course not... He just love to pass running commentary
Well, everytime I say the moves before they happen, not after. And numbers also. The numbers I have been calling on GU the past few weeks all got hit, every single one of them. Thats only, because I don't trade it, of course, if I did, I bet I wouldn't be able to call them so well.
Everyone can see the chart, but only a few can actually read it.
  • #401,207
  • Oct 1, 2014 10:29am Oct 1, 2014 10:29am
Quoting OnlineAddict
{quote} I only trade EU lately and just follow GU for entertainment, but yes, I short the EU spikes, if I'm there to catch them.
Oh I see. I was confused I guess by your earlier post here.

Quoting OnlineAddict
{quote} US guys are creating a top of their session, there is no bull in the house. How can you call yourself a PA trader, when you have no idea what PA is.
I figured you'd share your superior PA knowledge (and trades) with all of us. So I take it you "weren't there to catch" the EU top either then?
Ghost Rider - WWTBMD?
  • #401,208
  • Oct 1, 2014 10:31am Oct 1, 2014 10:31am
Quoting OnlineAddict
{quote} Well, everytime I say the moves before they happen, not after. And numbers also. The numbers I have been calling on GU the past few weeks all got hit, every single one of them. Thats only, because I don't trade it, of course, if I did, I bet I wouldn't be able to call them so well.
... when you call every other pip in a 100 pip range, it's kind of hard to miss them... no?
Ghost Rider - WWTBMD?
  • #401,209
  • Oct 1, 2014 10:31am Oct 1, 2014 10:31am
Quoting albchr
{quote} Oh I see. I was confused I guess by your earlier post here. {quote} I figured you'd share your superior PA knowledge (and trades) with all of us. So I take it you "weren't there to catch" the EU top either then?
I was there, but waited for a double top, which never came. Anyway, my calls on GU are only valid, until I open a trade, its just the laws of nature...when I don't trade it, I call it 100% right.
Everyone can see the chart, but only a few can actually read it.
  • #401,210
  • Oct 1, 2014 10:32am Oct 1, 2014 10:32am
Quoting albchr
{quote} ... when you call every other pip in a 100 pip range, it's kind of hard to miss them... no?
I think I called about 5-7 numbers on GU in the past weeks, each time price was 50-100 pips or more higher, each number got hit, each time people here were long, hoping for more bull. I don't post daily GU numbers anymore.
Everyone can see the chart, but only a few can actually read it.
  • #401,211
  • Oct 1, 2014 10:32am Oct 1, 2014 10:32am
Quoting YardiFX
{quote} Of course not... He just love to pass running commentary
... Hi Yardi, nice to see you post
Ghost Rider - WWTBMD?
  • #401,212
  • Oct 1, 2014 10:35am Oct 1, 2014 10:35am
Quoting OnlineAddict
{quote} I think I called about 5-7 numbers on GU in the past weeks, each time price was 50-100 pips or more higher, each number got hit, each time people here were long, hoping for more bull. I don't post daily GU numbers anymore.
Well, I still maintain if today closes above 1.6208 then she'll climb more for a nice retrace. I could be completely wrong but, what do your PA skills tell you?

Please share.
Ghost Rider - WWTBMD?
  • #401,213
  • Oct 1, 2014 10:37am Oct 1, 2014 10:37am
Well it's good lesson for you.... Trust your analysis.... You would have been up over 200 pips by now... Act first talk later
Peace & Pips
  • #401,214
  • Oct 1, 2014 10:38am Oct 1, 2014 10:38am
Quoting albchr
{quote} Well, I still maintain if today closes above 1.6208 then she'll climb more for a nice retrace. I could be completely wrong but, what do your PA skills tell you? Please share.
My PA reading is done for today, volume is down, Wall Street will go to have lunch soon...so need to wait for a new day to see whats going on. Like I said at 6190, bulls have a chance now, nobody will stop them...until the end of the day probably.
Everyone can see the chart, but only a few can actually read it.
  • #401,215
  • Oct 1, 2014 10:39am Oct 1, 2014 10:39am
Quoting YardiFX
Well it's good lesson for you.... Trust your analysis.... You would have been up over 200 pips by now... Act first talk later

what are u think about cable and where it is going?
  • #401,216
  • Oct 1, 2014 10:39am Oct 1, 2014 10:39am
Quoting YardiFX
Well it's good lesson for you.... Trust your analysis.... You would have been up over 200 pips by now... Act first talk later
Unfortunately, the only way to be unbiased and call numbers without emotions, is not to be in a trade. Still working on getting emotions under control
Everyone can see the chart, but only a few can actually read it.
  • #401,217
  • Oct 1, 2014 10:44am Oct 1, 2014 10:44am
Well, I've blown enough time off getting things done around here. But it was fun doing the Pennsylvania play by play in here today. Haven't done so for some time.

Enjoy the day folks.

EDIT: BTW, I'm not short.
Ghost Rider - WWTBMD?
  • #401,218
  • Oct 1, 2014 10:48am Oct 1, 2014 10:48am
Quoting albchr
Well, I've blown enough time off getting things done around here. But it was fun doing the Pennsylvania play by play in here today. Haven't done so for some time. Enjoy the day folks.
Enjoy the manual work, if thats what you mean. Helps to clean the head, at least for me.
Everyone can see the chart, but only a few can actually read it.
  • #401,219
  • Oct 1, 2014 11:00am Oct 1, 2014 11:00am
Quoting albchr
{quote} Oh but it's all about "protecting" us from ourselves. Isn't that thoughtful & lovely of them? BS!!! .... Anyone who needs that "protection" shouldn't be pushing any buttons to start with.
One cannot be free to succeed unless one is also free to fail. It's all about our freedoms being taken away by an ever overreaching government. Also, most currency exchange is huge international companies hedging material purchases and product sales. What difference does it make why the market goes up and down as long as it does. If I were trading 5 million US, EU or whatever, it is a drop in the bucket so it is amusing to think anyone is "hunting" their stop. FX is just a business. Same principals in a construction company or hardware store apply.
Defending Truth, Capitalism and the US Constitution
  • #401,220
  • Oct 1, 2014 11:03am Oct 1, 2014 11:03am
Quoting jarhead
If I were trading 5 million US, EU or whatever, it is a drop in the bucket so it is amusing to think anyone is "hunting" their stop. FX is just a business. Same principals in a construction company or hardware store apply.
Yes, retail doesn't have the majority in forex, obviously, but who do you think the banks target? The big banks are all buddies, they just take money from retail and small banks. Thinking that this game is random is naive, nothing where big money is at, is random.
Everyone can see the chart, but only a few can actually read it.
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