2297 is coming to short again
Cable Update (GBPUSD)
I'm short. looking for 1.21355 area!
- #444,168
- Oct 20, 2016 1:59pm Oct 20, 2016 1:59pm
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
{quote} It's almost painful to see things like this BUY 91% 756.7 Lots SELL 9% 72.1 Lots like people wouldn't have 4H+ charts on their platforms.
How to opt out annoying user signatures ??
- #444,170
- Oct 20, 2016 2:46pm Oct 20, 2016 2:46pm
All these bounces off the 1.22500 area yesterday and today were just not credible. Tuesdays breakout on the M15 just sucked. Wait till 1.22600 is solidely broken. Then shorts from the retouch. Next potential (...) buy area is 1.21900 to 1.21200 but with great care only. Trade light.
Also some stop losses from the shorts are piling up on that down ladder from 1.2273 till 1.2246. When they get triggered price will go up fast.
you could place buy stops there (green dots). But looks to adventurous to me
Next stop: 1.22. That's the penultimate place of hope for the bulls.
Then comes the double bottom W-shaped thing, which on 13.10.2016 was already touched though, but not on close:
Otherwise taking out the wick that was formed after the flash crash is kind of possible...
Demo only
- #444,171
- Oct 20, 2016 5:14pm Oct 20, 2016 5:14pm
{quote}The sheer amount of people here longing and going against the main trend is as usual staggering. Same when price was around 1.29.
What amount of people?
Everyone is short.
The herd is short.
I am long from 1.20 zone+, so quite happy here at 1.23 zone anyway. Even if we hit 1.10 I'll be buying xxx
I am holding long.
I traded the last crash in 08/09, and heard this same shit before.
If I'm wrong, then it's my money gets added to yours, if right, I take your money and enjoy (thanks Goldman Sachs (just like when Oil was 40 and you said 20 lol), but your're wrong this time against Bank of America, JP Morgan , Morgan Stanley and UBS etc etc etc etc..)
Some things you forget from history:
1st F**k the Germans
2nd F**k the French
3rd F**k the Euro
4th Long live the UK
And trivial:
5th What happens if US fails to raise interest rates in DEC?
6th What happens if UK fails to lower rates next month/Dec due to Brexit?
7. What happens if Trump wins lol?
And lastly, fuck you. I'm long and staying long.
Good Bless Britain.
End message.
EDIT: Current Price Cable: 1.250
MY EXPECTED PRICE:1.320+
Ever stop to think, and forget to start again?
- #444,172
- Oct 20, 2016 5:22pm Oct 20, 2016 5:22pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #444,173
- Oct 20, 2016 5:22pm Oct 20, 2016 5:22pm
106 pips both shorts now closed - will wait to see it go lower before reloading - see if it breaks 122 almost did
Ever stop to think, and forget to start again?
- #444,175
- Oct 20, 2016 5:36pm Oct 20, 2016 5:36pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
{quote} Why?
I am currently long also for shorter periods, but have core positional shorts (all tiny trades). But there is a lot of power in that June Brexit wick. Just my structural view thinks there won't be a big retrace just yet.
Just my own weekly/monthly view that's all. Never mind my postal tone, it's Friday here, I'm home with my coffee, no kids about and about to start my 2nd last uni assignment so just feeling relaxed and looking forward to the gym and a huge lunch later
Come with me if you want to live....
- #444,177
- Oct 20, 2016 5:44pm Oct 20, 2016 5:44pm
{quote} Just my own tech analysis which I have shared a few times is all. I am currently long also for shorter periods, but have core positional shorts (all tiny trades). But there is a lot of power in that Brexit wick. Just my structural view thinks there won't be a big retrace just yet. Just my own weekly/monthly view that's all. Never mind my postal tone, it's Friday here, I'm home with my coffee, no kids about and about to start my 2nd last uni assignment so just feeling relaxed and looking forward to the gym and a huge lunch later
Lets keep it the way it used to be (not directed at you BTW) and enjoy each other's view on the market.
Ever stop to think, and forget to start again?
- #444,179
- Oct 20, 2016 5:50pm Oct 20, 2016 5:50pm
- | Membership Revoked | Joined Aug 2015 | 1,243 Posts
- #444,180
- Oct 20, 2016 5:52pm Oct 20, 2016 5:52pm
{quote}
FFS>
We may test the bottom of this , we may not. But there we go, I'm long
Ever stop to think, and forget to start again?