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Cable Update (GBPUSD)

  • #401,561
  • Oct 2, 2014 11:01pm Oct 2, 2014 11:01pm
Quoting navk
{quote} Out with 18 pips loss. But I had to hold it for one full day.
Rite now I am SHORT GA 1.83657 TP 1.81944
A good trader follows his rules, but great trader knows when to break them
  • #401,562
  • Oct 2, 2014 11:10pm Oct 2, 2014 11:10pm
nothing bullish
Moving average still acting as resistance
gradient of PSAR isnt increasingly bullish either... so quite likely this is just the calm consolidation before the next leg down.
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,563
  • Oct 2, 2014 11:15pm Oct 2, 2014 11:15pm
Quoting ill_be_back
{quote} Rite now I am SHORT GA 1.83657 TP 1.81944
NFP day tomorrow.
Intraday only.
  • #401,564
  • Oct 2, 2014 11:20pm Oct 2, 2014 11:20pm
Quoting navk
{quote} NFP day tomorrow.
Yes but before that we have GBP news which is going to be RED, Will get OUT before NFP then Renter
A good trader follows his rules, but great trader knows when to break them
  • #401,565
  • Oct 2, 2014 11:26pm Oct 2, 2014 11:26pm
Gidday GBP/US

Been in a short for days

Everybody talking down

What a bounce to 1.62
  • #401,566
  • Oct 2, 2014 11:43pm Oct 2, 2014 11:43pm
Quoting OnlineAddict
Bullish PA on H4, this might spike up later today. 6180-6200, lets see.
Have the same feeling, even H1. Up before down at time of Us data.
  • #401,567
  • Oct 2, 2014 11:52pm Oct 2, 2014 11:52pm
Please amateurs, please long here lol so we bears have more reason and interest to wipe you guys out....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,568
  • Oct 2, 2014 11:53pm Oct 2, 2014 11:53pm
Quoting fxtyrant
Please amateurs, please long here lol so we bears have more reason and interest to wipe you guys out....

i must say it not looking good..
  • #401,569
  • Oct 2, 2014 11:55pm Oct 2, 2014 11:55pm
Quoting nAVIN2007
{quote} i must say it not looking good..
it hasnt looked good since 1.6250....
but go ahead add more longs to your misery i did warn you that this time ur not gona get luck since we broke out of that range that allowed you to aim for 1.62 for profits..... as soon as we brokeout of that range i knew ur not gona see 1.62 before 1.6088
That range of yours was literally the LAST one before GBPUSD retests the recent lows or potentially create a lower low beyond previous low.....
when we're so close to 1.60, its bound to go to a beatifully rounded number/psych number before any reaction occurs...

just look at how USDJPY hits 110 then reversed hard....


But hey you're a longterm positional trader trading at 0.01 lot and adding more as you see fit so i guess you can suffer a bit of DD.

I on the other hand... cant tolerate even 5% dd anymore... now that im working as a trader for my bank... they are quite stingy as F**k even if you get to 5% DD
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,570
  • Oct 2, 2014 11:59pm Oct 2, 2014 11:59pm
Quoting fxtyrant
{quote} it hasnt looked good since 1.6250.... but go ahead add more longs to your misery i did warn you that this time ur not gona get luck since we broke out of that range that allowed you to aim for 1.62 for profits..... as soon as we brokeout of that range i knew ur not gona see 1.62 before 1.6088 That range of yours was literally the LAST one before GBPUSD retests the recent lows or potentially create a lower low beyond previous low..... when we're so close to 1.60, its bound to go to a beatifully rounded number/psych number before any reaction...
dont count yur chickens yet..1.6088 is not there yet..but i have say it was stupid of me to enter..
  • #401,571
  • Oct 3, 2014 12:06am Oct 3, 2014 12:06am
Quoting nAVIN2007
{quote} dont count yur chickens yet..1.6088 is not there yet..but i have say it was stupid of me to enter..
Lol 1.6088 is already me being conservative... the real test of low is 1.60517
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,572
  • Oct 3, 2014 12:06am Oct 3, 2014 12:06am
Quoting nAVIN2007
{quote} i must say it not looking good..
Morning Nav,
If you had wings , you would fly bro
Hear the music before the song is over ...
  • #401,573
  • Oct 3, 2014 12:10am Oct 3, 2014 12:10am
Quoting GlobalMacro
{quote} Morning Nav, If you had wings , you would fly bro
damn straight
morning bro
  • #401,574
  • Oct 3, 2014 12:12am Oct 3, 2014 12:12am
Quoting fxtyrant
{quote} Lol 1.6088 is already me being conservative... the real test of low is 1.60517
this thing if yur target hit which i reckon is definately likely suggest to me...we are going deep very deep..HDA is f^&ked cause it aint coming back
  • #401,575
  • Oct 3, 2014 12:15am Oct 3, 2014 12:15am
Quoting nAVIN2007
{quote} this thing if yur target hit which i reckon is definately likely suggest to me...we are going deep very deep..HDA is f^&ked cause it aint coming back
going up makes the bull feel like theres a chance..if it cant even test 1.63 the trend is very strong south
weak bodies on the 4hr suggest weakening, lets see
bullish diverence for sure on the 1hr..
  • #401,576
  • Oct 3, 2014 12:16am Oct 3, 2014 12:16am
Hello everyone! May be here some one can help me, I am reading and trying over and over again different systems and strategies, books, but nothing is working. If it is possible may be someone can help me out and show the way how to trade?? Thank you !
  • #401,577
  • Oct 3, 2014 12:22am Oct 3, 2014 12:22am
Quoting nAVIN2007
{quote} this thing if yur target hit which i reckon is definately likely suggest to me...we are going deep very deep..HDA is f^&ked cause it aint coming back
Paul warned you that this move down on all risk pair is likely going to Stay down .....
simply because its a long term correction since 2008 when the fed flooded the market with cheap money..... at which point GBPUSD made sense around 1.6 but with US closing their money supply tighter and tighter.... the 1.6 norm is gona result in a 1.5 norm.

That is why i have been warning since last year when the tapering noise started that the dollar BULLS are coming home after 2008.... its coming.... im surprised it took this long....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,578
  • Oct 3, 2014 12:33am Oct 3, 2014 12:33am
Quoting fxtyrant
{quote} Paul warned you that this move down on all risk pair is likely going to Stay down ..... simply because its a long term correction since 2008 when the fed flooded the market with cheap money..... at which point GBPUSD made sense around 1.6 but with US closing their money supply tighter and tighter.... the 1.6 norm is gona result in a 1.5 norm. That is why i have been warning since last year when the tapering noise started that the dollar BULLS are coming home after 2008.... its coming.... im surprised it took this long....
That's because trick-a$$ Carnival duped the markets into thinking GBP rates first to rise then backed off...they're gonna ship his a$$ back to North Pole pretty soon where he came from....
Hear the music before the song is over ...
  • #401,579
  • Oct 3, 2014 12:35am Oct 3, 2014 12:35am
Quoting GlobalMacro
{quote} That's because trick-a$$ Carnival duped the markets into thinking GBP rates first to rise then backed off...they're gonna ship his a$$ back to North Pole pretty soon where he came from....
Well come to think of it that Carnival did give the Brits a nice time agains the CAD lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,580
  • Oct 3, 2014 12:38am Oct 3, 2014 12:38am
Quoting fxtyrant
{quote} Paul warned you that this move down on all risk pair is likely going to Stay down ..... simply because its a long term correction since 2008 when the fed flooded the market with cheap money..... at which point GBPUSD made sense around 1.6 but with US closing their money supply tighter and tighter.... the 1.6 norm is gona result in a 1.5 norm. That is why i have been warning since last year when the tapering noise started that the dollar BULLS are coming home after 2008.... its coming.... im surprised it took this long....

it is not going there in a straight line but might be something close..
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