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Cable Update (GBPUSD)

  • #423,321
  • Feb 4, 2016 8:20am Feb 4, 2016 8:20am
thats what I call easy money
  • #423,322
  • Feb 4, 2016 8:24am Feb 4, 2016 8:24am
Quoting goosebone
Wanting one more shot at a short from 472. Losing hope quick though.


Looking @ H1 it still didn 't make a lower low
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persistence and determination alone are omnipotent
  • #423,323
  • Feb 4, 2016 8:29am Feb 4, 2016 8:29am
gbj is on the move better just going to pp somewhere on that one,
  • #423,324
  • Feb 4, 2016 8:30am Feb 4, 2016 8:30am
Quoting Ll1979
{quote} Looking @ H1 it still didn 't make a lower low {image}
True. Mental battle in full force. Must stick to plan despite very persuasive devil on my shoulder.
  • #423,325
  • Feb 4, 2016 8:34am Feb 4, 2016 8:34am
Quoting Ll1979
{quote} Looking @ H1 it still didn 't make a lower low {image}
look at 609 my mail tl could be a go short again short on the bottom 1. 5 mins
  • #423,326
  • Feb 4, 2016 8:38am Feb 4, 2016 8:38am
Quoting goosebone
{quote} True. Mental battle in full force. Must stick to plan despite very persuasive devil on my shoulder.
patience has to be developed. I am getting better and better in controling my patience and greed and it 's preventing me form losses.
persistence and determination alone are omnipotent
  • #423,327
  • Feb 4, 2016 8:38am Feb 4, 2016 8:38am
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still not clear prepare to move with the chart price if you can , big question was it top ??
  • #423,328
  • Feb 4, 2016 8:42am Feb 4, 2016 8:42am
Quoting Ll1979
{quote} patience has to be developed. I am getting better and better in controling my patience and greed and it 's preventing me form losses.
Indeed. Note to self: reconsider starting day with 4 shots of espresso.
  • #423,329
  • Feb 4, 2016 8:46am Feb 4, 2016 8:46am
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look at the day bang in the middle 50 and 38 fbs 4800 or 4300 heads or tails then go out ,,lol
  • #423,330
  • Feb 4, 2016 8:46am Feb 4, 2016 8:46am
Quoting elbert3
{image} if it break main tl on top might scalp in long to there
Sell Continues targeting 144 500

Great posts again today Billy.
  • #423,331
  • Feb 4, 2016 8:56am Feb 4, 2016 8:56am
Quoting elbert3
{quote} look at 609 my mail tl could be a go short again short on the bottom 1. 5 mins
main tl is holding up nicely
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persistence and determination alone are omnipotent
  • #423,332
  • Feb 4, 2016 9:01am Feb 4, 2016 9:01am
most likely flatline rest of day ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,333
  • Feb 4, 2016 9:49am Feb 4, 2016 9:49am
hmmmm.... might be bearish /sideways or bullish for a while now. It might make new weekly highs, or then again it might make new lows....you guys fuckin crack me up
  • #423,334
  • Feb 4, 2016 9:53am Feb 4, 2016 9:53am
Quoting TheGreatMilenko
hmmmm.... might be bearish /sideways or bullish for a while now. It might make new weekly highs, or then again it might make new lows....you guys fuckin crack me up
all good fun you must be a pro trader, regards
  • #423,335
  • Feb 4, 2016 9:53am Feb 4, 2016 9:53am
I shorted and my target is 1.4470. I am not so sure that it will continue dropping after that. I think it's more likely for this to be a pullback before another attempt to break above 1.4700.
  • #423,336
  • Feb 4, 2016 10:07am Feb 4, 2016 10:07am
I covered my 1.46 short. I'm not so sure were gonna manage to break anytime soon. Going to sleep!
"Don't fear a bubble until it starts to burst."
  • #423,337
  • Feb 4, 2016 10:12am Feb 4, 2016 10:12am
The problem right here is... The market is pushing down into thin air, and it couldn't make headway. Short term trend is still holding too.

The fact it couldn't push down might not be bullish. Volatility is contracting this time of day. Price is regressing back toward the core of the market...

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"Don't fear a bubble until it starts to burst."
  • #423,338
  • Feb 4, 2016 10:20am Feb 4, 2016 10:20am
market is good, done for today

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Closer To Dream
  • #423,339
  • Feb 4, 2016 10:23am Feb 4, 2016 10:23am
Quoting elbert3
{quote} all good fun you must be a pro trader, regards
Nope, I'm no pro trader. It doesn't take a pro trader to know that the price of something might go up down or side ways, or that the price might or might not obey some lines that you've drawn on your chart. I think , and I believe I'm right on this one, trading profits come from having an edge. Predicting price movement, or not as the case me be is pointless. But as you say, all good fun. Next week I think cable will bounce off a line or break through it.....or maybe neither
  • #423,340
  • Feb 4, 2016 10:25am Feb 4, 2016 10:25am
Quoting TheGreatMilenko
{quote} Nope, I'm no pro trader. It doesn't take a pro trader to know that the price of something might go up down or side ways, or that the price might or might not obey some lines that you've drawn on your chart. I think , and I believe I'm right on this one, trading profits come from having an edge. Predicting price movement, or not as the case me be is pointless. But as you say, all good fun. Next week I think cable will bounce off a line or break through it.....or maybe neither
something like that,,
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Ahsan