On-site guru & also FF member's' psychiatrist, when not drinking tea
Cable Update (GBPUSD)
- #423,481
- Feb 5, 2016 12:13pm Feb 5, 2016 12:13pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #423,482
- Feb 5, 2016 12:25pm Feb 5, 2016 12:25pm
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #423,485
- Feb 5, 2016 3:02pm Feb 5, 2016 3:02pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
ow
- #423,488
- Feb 5, 2016 4:33pm Feb 5, 2016 4:33pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} You did - called it well .. there Billy.
this has been a great week , we have some good charts from some newcomers li1970, dean some great results, dark was in there ,bones with his clean charts ,meanvel, he is out new spammer ,, ps ,, he does not like lines shhh , dont tell him, but he has a lot to offer,,regards ,, kubiasty good call , well done, and all the others , sorry if i let myself down , i removed the post,,it was un gentlemanly of me , the leson of the day goes to seosamh Biggest lesson I've learned over the last few weeks is don't let the losses run, cut them short ,the felt sorry for cup goes to don96,you will get there buddy,the spy in the camp was my boss,?? can you tell me who ???lol he will know,lol well thats some fun to read, thank and good night,regards as ever Billy
- #423,489
- Feb 5, 2016 4:47pm Feb 5, 2016 4:47pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #423,490
- Feb 5, 2016 5:00pm Feb 5, 2016 5:00pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #423,491
- Feb 5, 2016 7:41pm Feb 5, 2016 7:41pm
Didn't post much after jobs report, was too busy focusing on trades... Well, more like busy focusing on getting myself out of a squeeze... Ugh...
Got in one long after the market started to pull it together, then I thought we would hold 1.45... I pulled the trade once I saw we couldn't get back up the next swing. Whenever you have a position on, you always know where the market is going.
I had a stop below the low, but I wasn't that worried. After a washout like that the market needs to consolidate before it can move lower strongly.
Got in one long after the market started to pull it together, then I thought we would hold 1.45... I pulled the trade once I saw we couldn't get back up the next swing. Whenever you have a position on, you always know where the market is going.
I had a stop below the low, but I wasn't that worried. After a washout like that the market needs to consolidate before it can move lower strongly.
"Don't fear a bubble until it starts to burst."
- #423,498
- Feb 5, 2016 11:01pm Feb 5, 2016 11:01pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
Good to see a little life in here, see billy is tearing it up as usual, getem man. A couple charts since Im here , meanvel I had support just a shade under 1.45, looking at the quarterly S1 level, it did test that from underneath a few times on the way down. Its just been chewing the same levels away on the way back up. The down move looked a little overblown, typical of the gbp . The price action the last 2 days kinda adding to the notion of support around the 1.45ish level , Obviously a lot of positions closed out Thursday before nfp, red circle the small chart, looks to me that some of that selling got absorbed after the annc right around the quarterly pivot which is also same area as the 10 day moving average , be interesting to see if it drifts much lower before we are back at Thursdays highs, ultimate goal this quarter would be the quarterly open , which is last quarters low. Eurgbp looking a little lofty atm which if that starts dropping could help here. Don96, been there it sux, keep your dukes up and keep swinging. Have a great weekend traders 
- #423,499
- Feb 5, 2016 11:56pm Feb 5, 2016 11:56pm
Everyone blows up their first account. Those are the tuition fees of trading. Nearly anyone who hasn't blown an account will eventually blow up just because their ego and overconfidence will eventually catch them. Very few people have the right level of self control without experience. My first account I blew up in 2009 was a 750k account. Was fading the Bernanke rally with 3x leveraged ETF's and put options. LoL... Lesson learned, don't fight the fed! {quote}
Yes, that's just like FACTS. All newbies out-there, take that into your heads.
Everyone blows up their first account.
Nearly anyone who hasn't blown an account will eventually blow up just because their ego and overconfidence will eventually catch them.
... I'm not crazy, just Paranoid ...
- #423,500
- Feb 6, 2016 12:27am Feb 6, 2016 12:27am
Here is my market analysis for next week... It's quite simple. Everyone is going to pull themselves back together after a couple nights rest after that jobs report shocker and be ready to try to start bidding up the GU again.
Daily trend is up... We may or may not reach area 1 in the bracket on Monday/Tuesday before the market starts to try to push toward area 2.
Daily trend is up... We may or may not reach area 1 in the bracket on Monday/Tuesday before the market starts to try to push toward area 2.
"Don't fear a bubble until it starts to burst."