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Cable Update (GBPUSD)

  • #419,021
  • Edited 12:02pm Sep 3, 2015 11:49am | Edited 12:02pm
My buy finally got hit at 1.5250 SL 1.515 targetting continued upmove into 1.58-1.60

Eur/Usd also in an interesting spot may try small long from here with a tight SL
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  • #419,022
  • Sep 3, 2015 12:45pm Sep 3, 2015 12:45pm
I don't not know where it will go but I'm simply sharing the area where I am planning to short it.
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  • #419,023
  • Sep 3, 2015 1:42pm Sep 3, 2015 1:42pm
Quoting Hickson
{quote} Well, did not work out ... s/o again. Maybe should go back to demo? LOL
he who demos last demos the longest,lol
  • #419,024
  • Sep 3, 2015 1:55pm Sep 3, 2015 1:55pm
Quoting blackwinner0
I don't not know where it will go but I'm simply sharing the area where I am planning to short it. {image}
If you don't not know where it is going, I'd appreciate if you could share with us where it IS going ;P
  • #419,025
  • Sep 3, 2015 6:21pm Sep 3, 2015 6:21pm
Quoting bladerogers
{quote} If you don't not know where it is going, I'd appreciate if you could share with us where it IS going ;P
I will plead with anyone who wants to be successful in this trading business is to read the COT report, this report provide a glimpse of what the big boys true intentions are, they will push prices up down or even hold it at certain price trapping longs and shorts so either you give up too soon with a loss or with a slight profit even though you were on the right side of the trade to begin with. once you found and understand the COT report tap the numbers in to a excel spreadsheet and manipulate the data and back test it to see if there is any correlation with the particular pair you are interested in....

Put your self in place like Egypt and you wish to buy a rug ...the seller in this case the guy selling the rug want the best price, so he bumps the price of the up, you the buyer want the cheapest price possible, so we now have a situation of who is more desperate the buyer or the seller, well imagine if there was 12 shop keepers selling the same rug but the only buyer was you, what do you think would happened to the price of rug.....will it go up or down...it will go down obviously but the buyer will buy at the right price and the right price is the price the seller will say sorry but I am not going any lower because I'll lose money...this what we call support in trading, ahh but which support (monthly, daily, weekly, hourly) ....that is for you to figure out.

Remember this very important POINT as other rug sellers see that they have buyers for their rug at that price more and more sellers start to sell rugs at that price but they keep bumping up the price because more buyers are interested at the price but remember WE NOW HAVE MORE SELLERS THAN BUYERS and what do think will happened to price next ...think about what I have said. Good luck to all.

USE THE COT REPORT, your success will increase ​
Peace & Pips
  • #419,026
  • Sep 3, 2015 6:37pm Sep 3, 2015 6:37pm
Quoting YardiFX
{quote} I will plead with anyone who wants to be successful in this trading business is to read the COT report, this report provide a glimpse of what the big boys true intentions are, they will push prices up down or even hold it at certain price trapping longs and shorts so either you give up too soon with a loss or with a slight profit even though you were on the right side of the trade to begin with. once you found and understand the COT report tap the numbers in to a excel spreadsheet and manipulate the data and back test it to see if there...

thank you. Is there a COT report for currency? If so what is the report called? I looked at the website and there are many reports. Thanks my friend.
  • #419,027
  • Sep 3, 2015 6:56pm Sep 3, 2015 6:56pm
Quoting YardiFX
{quote} I will plead with anyone who wants to be successful in this trading business is to read the COT report, this report provide a glimpse of what the big boys true intentions are, they will push prices up down or even hold it at certain price trapping longs and shorts so either you give up too soon with a loss or with a slight profit even though you were on the right side of the trade to begin with. once you found and understand the COT report tap the numbers in to a excel spreadsheet and manipulate the data and back test it to see if there...
i am extremely skeptical of anything like COT . in my opinion, depending on COT report is nonsense to the core. however if you can give us any example of anyone who has been trading successfully for years using COT report, it would be the most useful posts in this whole thread
As Above, So Below
  • #419,028
  • Sep 3, 2015 7:25pm Sep 3, 2015 7:25pm
Quoting tashkent
{quote} i am extremely skeptical of anything like COT . in my opinion, depending on COT report is nonsense to the core. however if you can give us any example of anyone who has been trading successfully for years using COT report, it would be the most useful posts in this whole thread
COT report is factual, and there's nothing wrong about itself, however trading it is another matter. I am sleptical about it to the extent that the TF required to be able to trade it is simply not for everyday traders, macro funds maybe able to take some advantage of it though.
  • #419,029
  • Sep 4, 2015 12:57am Sep 4, 2015 12:57am
On a Personal level i got one word today

SOUTH .... after the close of Asia to UK ofcourse

Maybe there comes atime when you just seen this so many times before - the fake move yesterday 10 .20 am uk time - to continue it down the early price fix on wall street yesterday keeping it down, asia low this morning take the price higher for a pre nfp fix. The constant questions why is it going lower all the time - lol and that final drop when you say to yourself wow i wish i had stayed in our damm wish i was in that one or mother fuckers they took that low .. its all about jobs in the usa thats all a fixed system of news numbers that are not real - but hey Punk do you feel lucky lol either way you aint gonna make my day ..

EXPECTED SOUTH does not mean it is going there btw but thats the GIG for this trader today. Back in the evening so lets see

see if the price closes for asia at around 152 500 ...plus change whlst looking at those greedy dirty hft one pip merchants getting their kicks ..
  • #419,030
  • Sep 4, 2015 1:39am Sep 4, 2015 1:39am
Quoting tashkent
{quote} i am extremely skeptical of anything like COT . in my opinion, depending on COT report is nonsense to the core. however if you can give us any example of anyone who has been trading successfully for years using COT report, it would be the most useful posts in this whole thread
Is hedge funds successful enough for you... In the cot report they have been short on gbp and eur since late 2013, which is why everytime eur and gbp rise it gets smack back down...
Peace & Pips
  • #419,031
  • Sep 4, 2015 1:41am Sep 4, 2015 1:41am
Quoting Algorerythmn
On a Personal level i got one word today SOUTH .... after the close of Asia to UK ofcourse Maybe there comes atime when you just seen this so many times before - the fake move yesterday 10 .20 am uk time - to continue it down the early price fix on wall street yesterday keeping it down, asia low this morning take the price higher for a pre nfp fix. The constant questions why is it going lower all the time - lol and that final drop when you say to yourself wow i wish i had stayed in our damm wish i was in that one or mother fuckers they took that...
morning,,lol yes i wish i wish,, we are trying to catch the bottom,,, why, why not keep selling it, why,where is the bottom??? where is it going to go??? where is it going if it goes long, crazzzzy , my broker was right yesterday to 1 pip,
  • #419,032
  • Sep 4, 2015 2:12am Sep 4, 2015 2:12am
Quoting rambo12
{quote} i want my target to hit 1.52 then only i will close some profits it party time ..... gold holding shorts from 1142 ..no prifts taken yet ...

Tnis is a sinking titanic ship no retrace .. expect 1.5170 before anyrise
  • #419,033
  • Sep 4, 2015 2:27am Sep 4, 2015 2:27am
Quoting rambo12
{quote} Tnis is a sinking titanic ship no retrace .. expect 1.5170 before anyrise
well done you kept to your plan , but watch cable, Regards E
  • #419,034
  • Sep 4, 2015 2:39am Sep 4, 2015 2:39am
Quoting elbert3
{quote} well done you kept to your plan , but watch cable, Regards E
Thanks ... after my target i will be looking to load some longs..targeting 1.55...anyhow i wll update later
  • #419,035
  • Sep 4, 2015 2:49am Sep 4, 2015 2:49am
Quoting elbert3
{quote} morning,,lol yes i wish i wish,, we are trying to catch the bottom,,, why, why not keep selling it, why,where is the bottom??? where is it going to go??? where is it going if it goes long, crazzzzy , my broker was right yesterday to 1 pip,
Put a buy in at 152 150 as a position first one of two .. would prefer 152 spot but its close enough.

Out the door .. first day at school - now then one must remember to shout 4 when you hit it - right
  • #419,036
  • Sep 4, 2015 2:52am Sep 4, 2015 2:52am
Quoting Algorerythmn
{quote} Put a buy in at 152 150 as a position first one of two .. would prefer 152 spot but its close enough. Out the door .. first day at school - now then one must remember to shout 4 when you hit it - right
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lets see if we just chipped out the bunker and into the hole for an eagle 2,
  • #419,037
  • Sep 4, 2015 2:56am Sep 4, 2015 2:56am
Quoting Algorerythmn
{quote} Put a buy in at 152 150 as a position first one of two .. would prefer 152 spot but its close enough. Out the door .. first day at school - now then one must remember to shout 4 when you hit it - right
5260/90 5350 careful here if it can get there ,4
  • #419,038
  • Sep 4, 2015 2:58am Sep 4, 2015 2:58am
Quoting Algorerythmn
{quote} Put a buy in at 152 150 as a position first one of two .. would prefer 152 spot but its close enough. Out the door .. first day at school - now then one must remember to shout 4 when you hit it - right
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this might look a bit weird to you ,,lol lets see the 1 hour close
  • #419,039
  • Sep 4, 2015 3:46am Sep 4, 2015 3:46am
come on push higher in the upper bade

wedge
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  • #419,040
  • Sep 4, 2015 3:48am Sep 4, 2015 3:48am
GBPUSD and EURGBP

Morgan Stanley: ‘Sterling’s big sensitivities are to rate expectations and financial market volatility. […] We still think there are a lot of headwinds that, even once rate hikes get underway, will weigh on the pound.’

LCG: ‘GBPUSD finally takes out 1.5248 (Fib 50% on Apr-Jun recovery). Trend and momentum indicators remain steadily negative. The US jobs data is the major upside risk to the developing bear market. Traders are likely to remain seller on rallies at 1.5275 (100h MA) then 1.5350/60 supply zone (optionality / 200d MA). As the upside attempts are expected to remain capped, the oversold conditions (RSI 28.5%) should encourage some correction at 1.5200-. Vanilla puts are placed at 1.5300/50 before the weekly closing bell.’

GBPUSD
Market price 1.5214
Bullish above 1.5215
Preferred case: bullish with support at 1.5215, correction expected to 1.5280 before 1.5325 max 1.5360..
Alternative case: if 1.5215 broken, drop to 1.5100.
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