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Cable Update (GBPUSD)

  • #436,701
  • Aug 15, 2016 11:51am Aug 15, 2016 11:51am
but nice little pullback on g/j and g/n now
  • #436,702
  • Aug 15, 2016 11:56am Aug 15, 2016 11:56am
Quoting Daaimali1512
{quote} Impossible! Never it can go up to 1.41 even it's not going to 1.34 right now. Maximum bounce could be 1.3150 or 3200-50 done. from here it can go downward even 1.2500 area. Let see... So don't buy with trust, bulls should be cautions and TP should be taken as soon as possible.
i think no one read my post on 10th august i had informed everyone not to go long at that stage.
But i think everyone just ignore my post due to newbie...
Let's see and watch again my post... Watch the market even now you can take short positions till 1.25 and 1.26 area.
  • #436,703
  • Aug 15, 2016 12:03pm Aug 15, 2016 12:03pm
yea cable is still short for the next days till 1.2750 at least, but intraday retracements will be there as well
  • #436,704
  • Aug 15, 2016 12:04pm Aug 15, 2016 12:04pm
Quoting Daaimali1512
{quote} i think no one read my post on 10th august i had informed everyone not to go long at that stage. But i think everyone just ignore my post due to newbie... Let's see and watch again my post... Watch the market even now you can take short positions till 1.25 and 1.26 area.
Hi, m8! Nobody will ignore your post or any post for that matter because somebody is a newbie. If your suggestion was backed up with well considered analysis rather than just crystal-balling many traders would take a look. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #436,705
  • Aug 15, 2016 12:22pm Aug 15, 2016 12:22pm
. Business surveys point to the worst slowdown in corporate activity since the 2008 to 2009 recession.
2. Britains building sector is officially in recession as housebuilding and infrastructure output both fell in the second quarter of the year. Economists believe this could be an early sign that the wider economy could enter a mild recession later this year.
3. The thinktank came to a gloomy conclusion after data from the Office for National Statistics (ONS) showed that a spurt in manufacturing came to an end in June, with output dropping by 0.3%. Meanwhile, UK exports failed to match imports, with the trade deficit rising by 0.9bn to 5.1bn.
The poor trade and manufacturing figures led to a fall in the pound on the foreign exchanges.

So fundamentals suck.

Technical analysis says 1.28 is support. If it breaks next level will be 1.10 ! Like in 1985
  • #436,706
  • Aug 15, 2016 1:30pm Aug 15, 2016 1:30pm
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Quoting Daaimali1512
{quote} i think no one read my post on 10th august i had informed everyone not to go long at that stage. But i think everyone just ignore my post due to newbie... Let's see and watch again my post... Watch the market even now you can take short positions till 1.25 and 1.26 area.
@Daaimali, your post wasn't ignored because you're a newbie, rather because everyone has their own trading style - with some intraday traders making profits going long and short frequently during the day. Your advice to 'not go long' wouldn't work for intraday traders. Plus, your post on 10th August came 8 days after you'd written the following to Lock on this same forum, which suggests you're just learning from others, and regurgitating what they've posted. There will come a time when you'll be ready to post, i.e. when you're able to do full analysis and provide a reason for your analysis. Best of luck and you will get there, but try and invest the time spent posting - actively learning how to trade, rather than to repost another persons' analysis.

Quoting Daaimali1512
{quote}Hi lock, i just analyze your posts, really very happy to see that a person has power to teach people and give them nice suggestions to protect their money, i am really very thankful to the people who are doing some for others. i also make reasonable profit on gbp/usd after reading your updates.
  • #436,707
  • Aug 15, 2016 2:09pm Aug 15, 2016 2:09pm
Quoting Daaimali1512
{quote} i think no one read my post on 10th august i had informed everyone not to go long at that stage. But i think everyone just ignore my post due to newbie... Let's see and watch again my post... Watch the market even now you can take short positions till 1.25 and 1.26 area.
you are not qualified to be telling people to short... show some charts instead of telling other people they are wrong...

I take 20pip max stop loss and usual RR is 10 and b.e after 40 or so most of the time,
  • #436,708
  • Aug 15, 2016 2:13pm Aug 15, 2016 2:13pm
Hey guys GBPUSD is holding under 1.30 for a long time and might scare people who hold there money in banks in GBP and might create a panic and everyone might dump off GBP and then GBPUSD might fall under 1.2 ... Look like the Boe don't care anymore as everything in uk is sinking fast... GU needs to jump fast above 1.3 or 1.2 is next.
Forex
  • #436,709
  • Aug 15, 2016 2:42pm Aug 15, 2016 2:42pm
Quoting Daaimali1512
{quote} i think no one read my post on 10th august i had informed everyone not to go long at that stage. But i think everyone just ignore my post due to newbie... Let's see and watch again my post... Watch the market even now you can take short positions till 1.25 and 1.26 area.
Yep that was me - newbie posts telling everyone how it is .. me ignore newbie .. well at least i am honest
  • #436,710
  • Aug 15, 2016 2:52pm Aug 15, 2016 2:52pm
Quoting Daaimali1512
{quote} i think no one read my post on 10th august i had informed everyone not to go long at that stage. But i think everyone just ignore my post due to newbie... Let's see and watch again my post... Watch the market even now you can take short positions till 1.25 and 1.26 area.
show me your chart and your analyze... Because Everyone in this forum can tell anything, Gu willl drop to 1,25,,, gu will up to 1,5 or anything....
  • #436,711
  • Aug 15, 2016 3:20pm Aug 15, 2016 3:20pm
Funny thread.Reminds me when almost everyone was screaming EU parity with dollar!Some idiots proclaiming we should of listened to them! right my entire trading plan depends on some moron's opinion
In trading, you have to be defensive and aggressive at the same time
  • #436,712
  • Aug 15, 2016 3:21pm Aug 15, 2016 3:21pm
Quoting vaidas7777
. Business surveys point to the worst slowdown in corporate activity since the 2008 to 2009 recession. 2. Britains building sector is officially in recession as housebuilding and infrastructure output both fell in the second quarter of the year. Economists believe this could be an early sign that the wider economy could enter a mild recession later this year. 3. The thinktank came to a gloomy conclusion after data from the Office for National Statistics (ONS) showed that a spurt in manufacturing came to an end in June, with output dropping by 0.3%....
Right man we are heading 1.10 fking unreal
Just so everyone is aware US economy is not necessarily steaming head.Fridays red numbers could continue and Feds have no plans raising this year which pushes everything 2017 even then much remains to be seen
In trading, you have to be defensive and aggressive at the same time
  • #436,713
  • Aug 15, 2016 3:23pm Aug 15, 2016 3:23pm
Quoting Samer1970
{quote} {image}
FF retail positions and is honestly one of the best contraindicators I know. Not ALWAYS the case, but usually. Click on the "details" tab to read the win/loss stats, average entry price, average time in trade etc of bulls and bears. It's often a horror story.
Come with me if you want to live....
  • #436,714
  • Aug 15, 2016 3:28pm Aug 15, 2016 3:28pm
Quoting Ill-b-back
No high impact news today but BOE has cut rates and printed again. Don't let this be lost on you
and lets not forget our friends not having a great time of it
Come with me if you want to live....
  • #436,715
  • Aug 15, 2016 3:46pm Aug 15, 2016 3:46pm
Quoting Davit
{quote} Right man we are heading 1.10 fking unreal Just so everyone is aware US economy is not necessarily steaming head.Fridays red numbers could continue and Feds have no plans raising this year which pushes everything 2017 even then much remains to be seen
Right but wheres your charts backed up with research, your plan of lot sizes and stop loss positions - till then hombre i and i think i speak for everyone else here - aint gonna listen .. charts and then we talk ..
  • #436,716
  • Aug 15, 2016 3:49pm Aug 15, 2016 3:49pm
Quoting dean1star
{quote} Guess someone's gone for another Curry. ..
No curry tonight. My body is a temple. Still short and floundering about. Tomorrow is another day... nice to know the veterans also struggle sometimes as well. I'll be in early as I have to do stuff tomorrow. Out for now.
Striving for consistency
  • #436,717
  • Aug 15, 2016 3:51pm Aug 15, 2016 3:51pm
Quoting dean1star
{quote} Right but wheres your charts backed up with research, your plan of lot sizes and stop loss positions - till then hombre i and i think i speak for everyone else here - aint gonna listen .. charts and then we talk ..
I think you are missing my point! Charts are charts and everyone is looking at the same thing.Based on my experience and fundemetal understanding I can deduce price to different opinion then person A or B and has no relevancy what everyone thinks here for that matter it should not be relevant to you what I think!
What I am saying is stick to your trading plan!If you got one
I have seen plenty of idiots here.One usually can tell who is a flying leaf in the air getting blown by wind.
If you must see my chart here it is!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 41 KB
Click to Enlarge Name: GBPUSDH4.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #436,718
  • Aug 15, 2016 3:57pm Aug 15, 2016 3:57pm
Quoting Ill-b-back
{quote} FF retail positions and is honestly one of the best contraindicators I know. Not ALWAYS the case, but usually. Click on the "details" tab to read the win/loss stats, average entry price, average time in trade etc of bulls and bears. It's often a horror story.
Second this
  • #436,719
  • Aug 15, 2016 4:03pm Aug 15, 2016 4:03pm
Quoting Davit
{quote} I think you are missing my point! Charts are charts and everyone is looking at the same thing.Based on my experience and fundemetal understanding I can deduce price to different opinion then person A or B and has no relevancy what everyone thinks here for that matter it should not be relevant to you what I think! What I am saying is stick to your trading plan!If you got one I have seen plenty of idiots here.One usually can tell who is a flying leaf in the air getting blown by wind. If you must see my chart here it is! {image} {image}
NO .. i was only joking ..
  • #436,720
  • Aug 15, 2016 4:04pm Aug 15, 2016 4:04pm
Quoting Wdfx
{quote} No curry tonight. My body is a temple. Still short and floundering about. Tomorrow is another day... nice to know the veterans also struggle sometimes as well. I'll be in early as I have to do stuff tomorrow. Out for now.
Had two chances to close trades - but went for a longer plan .. unfortunately .. lol
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