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Cable Update (GBPUSD)

  • #436,721
  • Aug 15, 2016 4:06pm Aug 15, 2016 4:06pm
Let me add that some RED member here recently was screaming UC was going to 1.34 and beyond!(actually said 140+)
I had nothing but chuckles and sold the crap out of it! and wondered how many people followed that guy who incidentally was in serious DD going long on UC starting from 1.32+
have your own analyses!You are responsible of your trades.
In trading, you have to be defensive and aggressive at the same time
  • #436,722
  • Aug 15, 2016 4:09pm Aug 15, 2016 4:09pm
Quoting Davit
Let me add that some RED member here recently was screaming UC was going to 1.34 and beyond!(actually said 140+) I had nothing but chuckles and sold the crap out of it! and wondered how many people followed that guy who incidentally was in serious DD going long on UC starting from 1.32+ have your own analyses!You are responsible of your trades.
Right yes Davit, thanks but i think everyone already knows this, try coming to the party with something new for a change ..
  • #436,723
  • Aug 15, 2016 4:21pm Aug 15, 2016 4:21pm
Quoting dean1star
{quote} Right yes Davit, thanks but i think everyone already knows this, try coming to the party with something new for a change ..
There's no need to be an A**
  • #436,724
  • Aug 15, 2016 4:33pm Aug 15, 2016 4:33pm
Quoting kuma666
{quote} There's no need to be an A**
Hey Numnuts i am joking ok read the previous posts .. Jeez some people think they own the joint ..another fellow american trying to stick up for eachother ..
isnt that right stupid .. now look what u done Davit has gone invisable .. with Albchr who is always invisible .. hez ooze and anyways who the F - - - asked you??
  • #436,725
  • Aug 15, 2016 4:45pm Aug 15, 2016 4:45pm
Quoting dean1star
{quote} Hey Numnuts i am joking ok read the previous posts .. Jeez some people think they own the joint ..another fellow american trying to stick up for eachother .. isnt that right stupid .. now look what u done Davit has gone invisable .. with Albchr who is always invisible .. hez ooze and anyways who the F - - - asked you??
Still no need to be an A**
  • #436,726
  • Aug 15, 2016 4:54pm Aug 15, 2016 4:54pm
Quoting kuma666
{quote} Still no need to be an A**
Hi Kuma
Already figured the guy is an idiot.I put him on ignore.I don't argue with idiots because they will beat you with experience.
The guy asked for charts I posted 2 then he posts what I am bringing new to table...just idiotic!
Unfortunately FF is full of it.

you are welcome to join me here
lots of good traders
http://www.forexfactory.com/showthread.php?t=588764
In trading, you have to be defensive and aggressive at the same time
  • #436,727
  • Aug 15, 2016 4:55pm Aug 15, 2016 4:55pm
Quoting Davit
{quote} Hi Kuma Already figured the guy is an idiot.I put him on ignore.I don't argue with idiots because they will beat you with experience. The guy asked for charts I posted 2 then he posts what I am bringing new to table...just idiotic! Unfortunately FF is full of it. {image}

It most certainly is! haha
  • #436,728
  • Aug 15, 2016 9:20pm Aug 15, 2016 9:20pm
#GBPUSD got stopped out @ 1.2879.... with a minor loss.... on the sideline now.... cycle pop did not happened.... will watch to see what the pound wants to do next....
could take out 1.2797 low and continue lower or sideways action until its ready for a Retrace...... will be watching :nerd:
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #436,729
  • Aug 15, 2016 9:56pm Aug 15, 2016 9:56pm
Open sell order at 1.2898 target 1.2852.
We can not learn without pain.
  • #436,730
  • Aug 15, 2016 10:27pm Aug 15, 2016 10:27pm
Quoting kk300
{quote} so that more liquidity generate and market makers eat more...
Could please explain detail on your statement ? I'm not understand. To be honest, when you guys talk around liquidity and market makers I try google it and finally get more confused. Think masters like you people got good basic foundation so can predict most of time correctly. Many times I make logical decision as our mate "KK300" but wrong most of the times. Fundamentally not understand fx market nuances yet....
  • #436,731
  • Aug 15, 2016 11:05pm Aug 15, 2016 11:05pm
Good morning, up early ...now where are we going today. Ha I see that GBPUSD has turned north a little ! Must be something to do with all these Olympic medals we are stealing from the Aussies. Is it sustainable. let me now stare into these magic charts.
Striving for consistency
  • #436,732
  • Aug 15, 2016 11:34pm Aug 15, 2016 11:34pm
Quoting rhari139
{quote} Could please explain detail on your statement ? I'm not understand. To be honest, when you guys talk around liquidity and market makers I try google it and finally get more confused. Think masters like you people got good basic foundation so can predict most of time correctly. Many times I make logical decision as our mate "KK300" but wrong most of the times. Fundamentally not understand fx market nuances yet....
Hi Rhari
I'll try to explain about liquidity which lot of things are related.
In orders for big players to get their orders filled there must be lot of activity because that's the time when fee for placing a large order is less.
This is extremely important 1/5 billion order placed paying few dollars less is huge and compound that by the end of the year ends up in millions paid in fees so when there is no activity prices are high and that's why market most often does not move much.
Greatest liquidity is NY London overlap.That's when things really move.This is the main reason often Asia session is directionless and moves should not be trusted.Lots of fake spikes.
There is lot more.When big player say Goldman sacks wants to sell the pound often they place their initial orders opposite direction they buy 1st.This spikes creates false direction and others jump in and trigger stops which creates more liquidity then they hummer consecutive sell orders wiping everyone clean
Clear example recently when RBNZ cut the rate initially priced shoot up then it plummeted hard.
This is the main reason there are lots of fake spikes or break outs.
In trading, you have to be defensive and aggressive at the same time
  • #436,733
  • Aug 15, 2016 11:37pm Aug 15, 2016 11:37pm
Sentiment still favouring a short. The question seems to be how far will the currency pull back before reversal 1.2920, or 1.2945 or has it peaked around 1.2905?
Striving for consistency
  • #436,734
  • Aug 15, 2016 11:40pm Aug 15, 2016 11:40pm
Good morning my fellow comrade,how was your night hope very splendor.
i want to wait for GBP news before following suit. anyway GBP is week for today strenght analysis.
GBP
CPI y/y
  • #436,735
  • Aug 16, 2016 12:38am Aug 16, 2016 12:38am
199 pips just now closed on yesterdays positions .. done for the day and worth the overnight wait ..
sure its got some room to go higher but hey 200 pips less 1 pip slippage - fine with me
  • #436,736
  • Aug 16, 2016 12:43am Aug 16, 2016 12:43am
Quoting dean1star
199 pips just now closed on yesterdays positions .. done for the day and worth the overnight wait .. sure its got some room to go higher but hey 200 pips less 1 pip slippage - fine with me
Well done again... do you only focus on the GBPUSD or do you trade other pairs and what time scales do you focus on?
Striving for consistency
  • #436,737
  • Aug 16, 2016 12:47am Aug 16, 2016 12:47am
Quoting Wdfx
{quote} Well done again... do you only focus on the GBPUSD or do you trade other pairs and what time scales do you focus on?
Hey Willie,
Focus on a simple 15 mins chart to scalp - sometimes you gotta earn those pips, like yesterday - rip tide effect u get taken further out each time. I have been looking at the Euro GBP but thats a tricky one if you want an opposite pair on a lower time frame so just focusing now on pound dollar, its easier and less complicated. Believe it or not support and pivot lines seem cool on this pair. NO special indicators only trendlines and common sense with a channel thrown in.. but hey cool to see your grabbing some pips also ..
  • #436,738
  • Aug 16, 2016 12:48am Aug 16, 2016 12:48am
Added another sell order at 1.2919 target 1.2852.
We can not learn without pain.
  • #436,739
  • Aug 16, 2016 12:48am Aug 16, 2016 12:48am
2882 today
  • #436,740
  • Aug 16, 2016 12:49am Aug 16, 2016 12:49am
A minor bull trap before a push down towards 1.2860 for a long setup
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