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Cable Update (GBPUSD)

  • #416,321
  • Jun 10, 2015 7:53am Jun 10, 2015 7:53am
GBP USD resistance and pull back soon look forward to bearish divergence on1 h
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  • #416,322
  • Jun 10, 2015 7:59am Jun 10, 2015 7:59am
Quoting Steve J
Most esteemed Cablers, can anyone tell me why GBP is soaring to dizzy heights although the GBP Manufacturing Production result was not good? GBP is actually hitting nascent highs in spite of bad results. I just don't get it. Are we simply gambling here?
Hi - no guru - just thoughts

News is used by the guys controlling price. The event is used to move the market. Either direction. Does not matter. Either with news results if it fits - or against it if it fits the plan. One cannot trade short term fundamentals. Sometimes techs -

Remember - liquidity is everything. To make this whole thing "work" - liquidity is needed. They are not on your side. They are smart robbers.

News as you and I know it - should only be a warning of possible stronger moves. Opportunities for them to move price. Direction does not matter.
You can be anything you want to be
  • #416,323
  • Jun 10, 2015 8:07am Jun 10, 2015 8:07am
There may very well be a little squeeze at the moment. When does this stop? Where?

Taking a small short - but scalp only
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You can be anything you want to be
  • #416,324
  • Jun 10, 2015 8:16am Jun 10, 2015 8:16am
Quoting badblood
There may very well be a little squeeze at the moment. When does this stop? Where? Taking a small short - but scalp only {image}
This has room to go further being run up waiting Mark Carney's speech. Then it falls.
  • #416,325
  • Jun 10, 2015 8:26am Jun 10, 2015 8:26am
GBP V EUR
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  • #416,326
  • Jun 10, 2015 8:30am Jun 10, 2015 8:30am
Quoting claudia1
{quote} This has room to go further being run up waiting Mark Carney's speech. Then it falls.
Hello Claudia

For sure - shorts taken under current conditions ( tech) can only be scalps. It is against trend. Check back a few of my posts. 1.60 is there. I bet on liquidity running out - like reload.

Take care
You can be anything you want to be
  • #416,327
  • Jun 10, 2015 8:39am Jun 10, 2015 8:39am
Quoting badblood
There may very well be a little squeeze at the moment. When does this stop? Where? Taking a small short - but scalp only {image}
Try to put SL at +1 and keep it....it can be more than a small short.
IMHO
  • #416,328
  • Jun 10, 2015 8:51am Jun 10, 2015 8:51am
Quoting SuperMario21
{quote} Try to put SL at +1 and keep it....it can be more than a small short. IMHO
thank you.

Do not use active/recorded stop.

Wish you well
You can be anything you want to be
  • #416,329
  • Jun 10, 2015 8:56am Jun 10, 2015 8:56am
Quoting badblood
{quote} thank you. Do not use active/recorded stop. Wish you well
Me too, I don't like to use it. But I know people that make scalping use it.
  • #416,330
  • Jun 10, 2015 9:02am Jun 10, 2015 9:02am
Quoting SuperMario21
{quote} Me too, I don't like to use it. But I know people that make scalping use it.
Ahah...that's seems stops hunting...right now...

I was thinking that we already hit the top...
  • #416,331
  • Jun 10, 2015 9:09am Jun 10, 2015 9:09am
Quoting badblood
{quote} Hello Claudia For sure - shorts taken under current conditions ( tech) can only be scalps. It is against trend. Check back a few of my posts. 1.60 is there. I bet on liquidity running out - like reload. Take care
Good luck.
  • #416,332
  • Jun 10, 2015 9:10am Jun 10, 2015 9:10am
Quoting SuperMario21
{quote} Ahah...that's seems stops hunting...right now... I was thinking that we already hit the top...
Possibly driving price a little higher now to sucker in further long trades. But the robbers need liquidity. So these robbers may drive up to drop to drive up.

To get orders filled.

Never can we pick the top/bottom. They can go where ever they want - and they have funds.

We can only attempt to ride with them.

We are only retail traders.
You can be anything you want to be
  • #416,333
  • Jun 10, 2015 9:13am Jun 10, 2015 9:13am
Quoting claudia1
{quote} Good luck.
Claudia - if sarcastic, good. I only try. If true - then thanks.
You can be anything you want to be
  • #416,334
  • Jun 10, 2015 9:16am Jun 10, 2015 9:16am
Evanescence - Going Under

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  • #416,335
  • Jun 10, 2015 9:24am Jun 10, 2015 9:24am
Quoting SuperMario21
Evanescence - Going Under https://www.youtube.com/watch?v=CdhqVtpR2ts
Not a good sign - SuperMario21

You are giving up? Hoping?

come on - you are better than that.

Explain your reasons for shorting GU. You have to have a reason. Why did you pull the short trigger? Why?

If your reasoning is strong and the robbers went against that - then ok. We move on - because we can only try - nothing more.
You can be anything you want to be
  • #416,336
  • Jun 10, 2015 9:26am Jun 10, 2015 9:26am
Quoting badblood
{quote} Not a good sign - SuperMario21 You are giving up? Hoping? come on - you are better than that. Explain your reasons for shorting GU. You have to have a reason. Why did you pull the short trigger? Why? If your reasoning is strong and the robbers went against that - then ok. We move on - because we can only try - nothing more.
The Cable is going under...
  • #416,337
  • Jun 10, 2015 9:33am Jun 10, 2015 9:33am
Quoting SuperMario21
{quote} The Cable is going under...
Ok - glad you have that.

Wish you well, my friend.

Good trades.
You can be anything you want to be
  • #416,338
  • Jun 10, 2015 9:36am Jun 10, 2015 9:36am
Quoting badblood
{quote} Not a good sign - SuperMario21 You are giving up? Hoping? come on - you are better than that. Explain your reasons for shorting GU. You have to have a reason. Why did you pull the short trigger? Why? If your reasoning is strong and the robbers went against that - then ok. We move on - because we can only try - nothing more.
i agree with you ,the cable is targeting 1.5700 resistance according to my analysis
yes there is no reason for shorting the cable
I always knew that someday I would make it big
  • #416,339
  • Jun 10, 2015 9:40am Jun 10, 2015 9:40am
Quoting badblood
{quote} Claudia - if sarcastic, good. I only try. If true - then thanks.
No I mean it - we all need some luck in this game at times.
  • #416,340
  • Jun 10, 2015 9:43am Jun 10, 2015 9:43am
Quoting forexer
{quote} i agree with you ,the cable is targeting 1.5700 resistance according to my analysis yes there is no reason for shorting the cable
Good day, sir

Sure one can scalp a few if the timing is sort of correct. But we can only follow. As we are - it is long. But the price will move up and down. One big bar will change all the tech analysis. see how difficult it is? I do have a short ( or a few) from here - but I have reason.

Trade well
You can be anything you want to be
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