Cable Update (GBPUSD)
- #446,503
- Dec 12, 2016 10:40am Dec 12, 2016 10:40am
- Joined May 2016 | Status: Clueless | 6,896 Posts
My View and Plan to trade the coming week... Note: Price may retest 1.26928 area or do as I have instructed in my chart below... Please share your thoughts as well,, 'We Can All Make This Pip PAY' {image}
- #446,505
- Dec 12, 2016 10:55am Dec 12, 2016 10:55am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
{quote} Im still not a perfect trader, but i managed it to out out the fear. NO FEAR, simply no fear i have. Equal where the trade goes after i opened it, i have no fear about the ending. It will happen what will happen and that is ok.. And that is relaxing.
who dares wins
- #446,506
- Dec 12, 2016 11:14am Dec 12, 2016 11:14am
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
{quote} I just see price behavior not exactly moving down nor pulling back from any of the resistances found between 1.2560 and actual rate 1.2670
Buuu-uut. We are in the range of 1.26 to 1.27 atm and youre talking about 1.29 ??
Why ?? And when ?? In 2 days, two weeks ??
Thats unprofessional !! Did you had a look at the chart ??
When was the last time you saw 1.29 ??
You know i respect you and like you, but exactly that drives me mad here
so i had to answer on that.There is NO reason to mention 1.29, even 1.28 would be to wishful following this pair the last weeks !!
It can happen (1.28) but to throw something like that in simply because, is not ok imo.
Its misleading and nonsense.
Lets see what happens this week, and let us then decide.
btw. Sorry
How to opt out annoying user signatures ??
- #446,507
- Dec 12, 2016 11:56am Dec 12, 2016 11:56am
{quote}Thats unprofessional !! Did you had a look at the chart ?? When was the last time you saw 1.29 ?? You know i respect you and like you, but exactly that drives me mad here
For me, you're the arrogant git that should consider shutting his mouth.
The price drifted around and just above 1.29 from July onward, after the big Brexit 'adjustment'. Recently, the price has been steadily increasing since mid October, or are you just too stupid to see that on the daily chart (indicator or no indicator).
On the daily, the Ichi is showing that GU is 'iching' to consider popping up out of the current level to who knows where, but the weekly may still yet hold the range of the downtrend. We will need to wait and see what happens over the next week or two, obviously, but in no way is a 200+ pip move anywhere out of the question here.
Yea, I don't like a lot of the continual "Oh, it's at X during this big uptrend, but I'm calling for a 300 pip drop here...(and a bit higher, later) or a drop here...(and a bit higher, later) or a drop here..." nonsense that a lot of people throw around, but this harsh rebuttal from you is basically out of line.
- #446,508
- Edited 2:30pm Dec 12, 2016 12:03pm | Edited 2:30pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
err how do you read the weekly ,don't you mean a week that looks a little sketchy
how do you read the GBP index monthly
how do you read the GBP index monthly
{quote} Buuu-uut. We are in the range of 1.26 to 1.27 atm and youre talking about 1.29 ?? Why ?? And when ?? In 2 days, two weeks ?? Thats unprofessional !! Did you had a look at the chart ?? When was the last time you saw 1.29 ?? You know i respect you and like you, but exactly that drives me mad here
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #446,509
- Dec 12, 2016 12:10pm Dec 12, 2016 12:10pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #446,510
- Dec 12, 2016 12:15pm Dec 12, 2016 12:15pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #446,511
- Edited 12:55pm Dec 12, 2016 12:18pm | Edited 12:55pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #446,512
- Dec 12, 2016 12:35pm Dec 12, 2016 12:35pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #446,513
- Dec 12, 2016 1:23pm Dec 12, 2016 1:23pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #446,514
- Dec 12, 2016 2:01pm Dec 12, 2016 2:01pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #446,515
- Dec 12, 2016 3:41pm Dec 12, 2016 3:41pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
{quote} Buuu-uut. We are in the range of 1.26 to 1.27 atm and youre talking about 1.29 ?? Why ?? And when ?? In 2 days, two weeks ?? Thats unprofessional !! Did you had a look at the chart ?? When was the last time you saw 1.29 ?? You know i respect you and like you, but exactly that drives me mad here
I don't really understand your point here.
What's the problem with that 1.29? It's the most obvious and nearest target for longs in this actual overall price structure.
And btw I was just asking.
Considering the overall actual price structure it's me asking you: what the hell are you looking for in cable??? Don't you see bears are completely fucked?!
Yes it can crash anytime and get back into 1.22 area in just 2 x 240minutes candles, everybody knows that, me included! Indeed I am working with tight SL and trying to accurately fuck this bitch with entries in levels where I am allowed to have a small risk. When I went long today, there was not even 1 single reason to allow the trade run if price went back below 2615 or 2610. And in my opinion there were even less reasons to look for a short given the obvious behavior in price in that area (posted already few days ago) and given the fact I noticed how market was particularly caring about that 2620 in last days (just pure personal perception in price moves)
There are really a few reasons at this point for market to start selling this thing lower than the 1.29 and 1.30 and those reasons are becoming everyday even less. At this point only a strong continuation in buy pressure in $ can eventually send cable below the 1.26 again. I wonder who is gonna buy $ just 2 days before the fomc farting, the day when most of the idiots will come out of the trees saying "oh hell this and that".
You say let's see what happens this week.
Right ok, and what if we close the week @1.2990? What will that tell you? And if we close the week @1.2220?!
While most people are looking for clues, I look for opportunities.
When most people will be looking for opportunities, I will be looking for clues.
Today I was ready to short.
Finally I bought.
Closed now +50pips-
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