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Cable Update (GBPUSD)

  • #404,681
  • Nov 5, 2014 8:17am Nov 5, 2014 8:17am
Quoting shivam332
{quote} It is because of very strong demand level. IMO NFP could break these demand levels, also these spikes are meant to remove weak trades.
  • #404,682
  • Nov 5, 2014 8:20am Nov 5, 2014 8:20am
Quoting Xxavier
Time for longs... Going long at 1.5970... SL 1.5930....
Grrrrrrr.... not sure why i jumped into longs..Closed for -12 pip loss... I am done for the day.....Its hard to figure out this action so better turn off the computer and do something else....
  • #404,683
  • Nov 5, 2014 8:20am Nov 5, 2014 8:20am
Earlier GBP/USD broke through the side channel, 1.5950 support and plunged all the way to the weekly S1, made a beautiful turnaround and retested the daily central pivot.
That was a great shorting opportunity.
My stop loss is at 1.6042, take-profit at 1/5890-1.5910
Attached Image (click to enlarge)
Click to Enlarge Name: USD-GBP Nov-5-2014.jpg Size: 158 KB
"Luxury is one of the basic needs", (c), Don Corleone
  • #404,684
  • Nov 5, 2014 8:23am Nov 5, 2014 8:23am
back to 15900 Pivot short PUMP AND DUMP
  • #404,685
  • Nov 5, 2014 8:26am Nov 5, 2014 8:26am
Quoting Xxavier
{quote} Grrrrrrr.... not sure why i jumped into longs..Closed for -12 pip loss... I am done for the day.....Its hard to figure out this action so better turn off the computer and do something else....
You could have long at 1.59
Money never sleeps I can hear the dollar calling me
  • #404,686
  • Nov 5, 2014 8:28am Nov 5, 2014 8:28am
Quoting Dano12
back to 15900 Pivot short PUMP AND DUMP
then again back to 1.5970s if US data negative lol
Money never sleeps I can hear the dollar calling me
  • #404,687
  • Nov 5, 2014 8:32am Nov 5, 2014 8:32am
Quoting shivam332
{quote} then again back to 1.5970s if US data negative lol


wait and see, give them some time
  • #404,688
  • Nov 5, 2014 8:35am Nov 5, 2014 8:35am
Quoting Xxavier
Time for longs... Going long at 1.5970... SL 1.5930....
Quoting Xxavier
{quote} Grrrrrrr.... not sure why i jumped into longs..Closed for -12 pip loss... I am done for the day.....Its hard to figure out this action so better turn off the computer and do something else....
This does not sound right.

If you enter a trade and set a stop-loss (1.5930), there must be a reason according to your strategy for both choices: the entry, and the stop-loss. Not just 40 pips lower, but a level that cancels your initial forecast.

If 1.5930 was chosen according to a strategy, emotions should not affect that decision.
If it was chosen emotionally in the first place, it is a gamble, not a trade.
"Luxury is one of the basic needs", (c), Don Corleone
  • #404,689
  • Nov 5, 2014 8:38am Nov 5, 2014 8:38am
Quoting Dano12
{quote} wait and see, give them some time
Money never sleeps I can hear the dollar calling me
  • #404,690
  • Nov 5, 2014 8:41am Nov 5, 2014 8:41am
http://www.forexfactory.com/showthre...378&page=20234 i hope you were watching ??? right on the tl watch 59474 for direction price went to 59934 could be ready to load long ?????
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 55 KB
  • #404,691
  • Nov 5, 2014 8:56am Nov 5, 2014 8:56am
makes one think if this quick buy up was 1 most time chats were oversold so it was a safe bet to long at the bottom easy scalp trade ,2 ready for green news from usa to resell into the 5720 weekly fib, highs 6035 6085 and we see the lows on the charts before ,,gl again ,
  • #404,692
  • Nov 5, 2014 8:57am Nov 5, 2014 8:57am
Hi Mr E have been observing those wicks.. Notice how it touched llast week's lows and continued


Quoting elbert3
http://www.forexfactory.com/showthre...378&page=20234 i hope you were watching ??? right on the tl watch 59474 for direction price went to 59934 could be ready to load long ?????{image}
Peace & Pips
  • #404,693
  • Nov 5, 2014 8:59am Nov 5, 2014 8:59am
Quoting YardiFX
Hi Mr E have been observing those wicks.. Notice how it touched llast week's lows and continued {quote}
yes i was thinking that it shown its hand below the 30 min tl,, so your move was long at the bottom ??? lets see now Mr Y ,,GL
  • #404,694
  • Nov 5, 2014 9:03am Nov 5, 2014 9:03am
Quoting yardifx
hi mr e have been observing those wicks.. Notice how it touched llast week's lows and continued {quote}
looks like some one factored in the news move already ??? We now will have to wait for the turbo lag ...lol ????
  • #404,695
  • Nov 5, 2014 9:21am Nov 5, 2014 9:21am
Quoting shivam332
{quote}

go go go

I wrote wait pivot and short PUMP AND DUMP the banksters, see the EUR USD - USD KING
  • #404,696
  • Nov 5, 2014 9:30am Nov 5, 2014 9:30am
afternoon from London... How is everyone doing?
  • #404,697
  • Nov 5, 2014 9:39am Nov 5, 2014 9:39am
close shorty with Pivot because USD JPY moves toward 114 Probably again and we will test 1600
  • #404,698
  • Nov 5, 2014 9:42am Nov 5, 2014 9:42am
Quoting Dano12
close shorty with Pivot because USD JPY moves toward 114 Probably again and we will test 1600

maybe due to option expiry? I was thinking of longing but 114...? the bus is so long to wait, should have joined poseikwame that day
  • #404,699
  • Nov 5, 2014 9:45am Nov 5, 2014 9:45am
short @5962. the move was due to a M&A deal but if it was supposed to go higher the deal would have been announced in the morning. looks like a dead cat bounce. wild day today
  • #404,700
  • Nov 5, 2014 9:48am Nov 5, 2014 9:48am
long bias with reaction to low of range,
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 21 KB
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