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Cable Update (GBPUSD)

  • #442,761
  • Oct 6, 2016 2:25pm Oct 6, 2016 2:25pm
Quoting gold-analyst
pound approaching strong . will go long with stop loss around 1.2550 {image}
make sure your TL encompasses all trading activity
I'm high on trading, cant you tell?
  • #442,762
  • Oct 6, 2016 2:30pm Oct 6, 2016 2:30pm
Gap to 1.295 still needs to close. Looking at 1.329 by mid to late October. The pound is still a world powerhouse. Every major investor knows that and has been loading up on longs throughout this downturn. Expect a large push upwards over the next few weeks as larger investors eat up those with their minds set on 1.20.
  • #442,763
  • Oct 6, 2016 2:31pm Oct 6, 2016 2:31pm
There is absolutely no reason to buy this market, unless of course you love losing money. A rally is due, maybe to 2875, but dont count on it. Just look to sell any rallies, we are in a bearket on the cable. I hear the dot com rally early in the decade made some very rich in stock........

all you had to do was buy...now, all you have to do is sell. Dont be the hero, stop picking bottoms....the market will bottom itself out...not your 0.0.. lot
I'm high on trading, cant you tell?
  • #442,764
  • Oct 6, 2016 2:34pm Oct 6, 2016 2:34pm
Quoting Sammih
There is absolutely no reason to buy this market, unless of course you love losing money. A rally is due, maybe to 2875, but dont count on it. Just look to sell any rallies, we are in a bearket on the cable. I hear the dot com rally early in the decade made some very rich in stock........
yeah but in a days big spike up could happen.
  • #442,765
  • Oct 6, 2016 2:35pm Oct 6, 2016 2:35pm
Quoting pointlessfor
carefull now. 2590 very strong reversal point could be. will see. i am done for the week.
congrats on your trade
I'm high on trading, cant you tell?
  • #442,766
  • Oct 6, 2016 2:37pm Oct 6, 2016 2:37pm
Quoting Sammih
There is absolutely no reason to buy this market, unless of course you love losing money. A rally is due, maybe to 2875, but dont count on it. Just look to sell any rallies, we are in a bearket on the cable. I hear the dot com rally early in the decade made some very rich in stock........ all you had to do was buy...now, all you have to do is sell. Dont be the hero, stop picking bottoms....the market will bottom itself out...not your 0.0.. lot
Wise counsel M8.

KP
Do your homework, follow the footprints of smart money
  • #442,767
  • Oct 6, 2016 2:37pm Oct 6, 2016 2:37pm
Quoting pointlessfor
{quote} yeah but in a days big spike up could happen.
you will lose loads of money anticipating retracements. Let the retracement start, then lets lets ride the hell out of it. just dont anticipate it or hope to start it

Quoting KeenPips
{quote} Wise counsel M8. KP
your signature is all a great trader needs
I'm high on trading, cant you tell?
  • #442,768
  • Oct 6, 2016 2:47pm Oct 6, 2016 2:47pm
Quoting pointlessfor
{quote} yeah but in a days big spike up could happen.
Yeah, anything could happen - some damn duck could get heart attack in a sky and fall like a rock and kill a you. Odds to be killed by a dead duck cracking your head are better than longing GU and catching the bottom ATM.
Please add more indicators, I still see the real price! Thanks!
  • #442,769
  • Oct 6, 2016 2:54pm Oct 6, 2016 2:54pm
Quoting Sammih
There is absolutely no reason to buy this market, unless of course you love losing money. A rally is due, maybe to 2875, but dont count on it. Just look to sell any rallies, we are in a bearket on the cable. I hear the dot com rally early in the decade made some very rich in stock........ all you had to do was buy...now, all you have to do is sell. Dont be the hero, stop picking bottoms....the market will bottom itself out...not your 0.0.. lot

Not picking bottoms. Just reading the signals! There was a See ya at 1.329!!!!
  • #442,770
  • Oct 6, 2016 3:05pm Oct 6, 2016 3:05pm
Quoting Crackpot
{quote} Yeah, anything could happen - some damn duck could get heart attack in a sky and fall like a rock and kill a you. Odds to be killed by a dead duck cracking your head are better than longing GU and catching the bottom ATM.
  • #442,771
  • Oct 6, 2016 3:08pm Oct 6, 2016 3:08pm
Friday! One more headache for Pound

Attached Image (click to enlarge)
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  • #442,772
  • Oct 6, 2016 3:18pm Oct 6, 2016 3:18pm
We are as close as we have been for entering the end of this trend.
Could be 125 but for me i am taking stock of the next 50 pips down to start adding longs once again.
More than likely 125 800 and i start again.

NFP could well of been already factored in - however on a personal note i think it will come in on par. but lets see bias still south but ready to start to turn.
  • #442,773
  • Oct 6, 2016 3:37pm Oct 6, 2016 3:37pm
Quoting Walz
https://www.efxnews.com/story/34254/...-credit-suisse Credit Suisse Targeting 1.22
I posted that in July 5 http://www.forexfactory.com/showthre...40#post9015540

Had put out a research note the day before that -- Quite a few big desks get that note
  • #442,774
  • Oct 6, 2016 4:13pm Oct 6, 2016 4:13pm
Trying the same type of trade as this morning which netted 15 pips mmm so on the 5 min chart took 2610 on a W looking move tl of the 2 lows and keep on the trade until it breaks move pp asap after any other bounce target 2640
  • #442,775
  • Oct 6, 2016 4:21pm Oct 6, 2016 4:21pm
Quoting elbert3
Trying the same type of trade as this morning which netted 15 pips mmm so on the 5 min chart took 2610 on a W looking move tl of the 2 lows and keep on the trade until it breaks move pp asap after any other bounce target 2640
Still selling sl on entry now just pay the man . Not going short I will find the bottom with a conservative trading style . It has to have one it has to close the gap gb is a great nation and will come back . Trust me my mothers a policeman !
  • #442,776
  • Oct 6, 2016 4:37pm Oct 6, 2016 4:37pm
Peewee come on
  • #442,777
  • Oct 6, 2016 5:05pm Oct 6, 2016 5:05pm
Quoting user954
{quote} I posted that in July 5 http://www.forexfactory.com/showthre...40#post9015540 Had put out a research note the day before that -- Quite a few big desks get that note

Who is "we"?
  • #442,778
  • Oct 6, 2016 6:08pm Oct 6, 2016 6:08pm
DESTROY THE POUND!!!
wOOOW
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  • #442,779
  • Oct 6, 2016 6:09pm Oct 6, 2016 6:09pm
What the hell just happened???
  • #442,780
  • Oct 6, 2016 6:09pm Oct 6, 2016 6:09pm
wtf?
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