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Cable Update (GBPUSD)

  • #447,901
  • Jan 25, 2017 3:18pm Jan 25, 2017 3:18pm
Break your my expert what do you make of eur gbp d1


Quoting Mr Breakout
{quote} Yes GBP/NZD is bullish, and the AUD CPI report yesterday plus the recent uptrend in the cable only added more fuel to the move. I am now looking for a good buy point. This move could bring 200 pips or more, depending on the CPI numbers. That said the CPI could reverse the entire intraday up move, you never know with that wild beast...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP (DFB).png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,902
  • Jan 25, 2017 3:22pm Jan 25, 2017 3:22pm
Long GBP/NZD 1.7370, 50 pip stop.

Now easy boy.
  • #447,903
  • Jan 25, 2017 3:23pm Jan 25, 2017 3:23pm
hold on I just noticed something for Brexit naysayer
normally European
all bar cliff he's Half EU Half Brit ,
but one-half is bigger than the other


http://www.forexfactory.com/cliffedwards
Attached Image (click to enlarge)
Click to Enlarge Name: GBP (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,904
  • Jan 25, 2017 3:35pm Jan 25, 2017 3:35pm
Quoting Bones
hold on I just noticed something for Brexit naysayer normally European all bar cliff he's Half EU Half Brit , but one-half is bigger than the other http://www.forexfactory.com/cliffedwards {image}
lol,
you rub it in better than most Bones

Come with me if you want to live....
  • #447,905
  • Jan 25, 2017 3:45pm Jan 25, 2017 3:45pm
Quoting Mr Breakout
Long GBP/NZD 1.7370, 50 pip stop. Now easy boy.
so you didn't wait for the CPI - but agree with you , i would go long there as well
  • #447,906
  • Jan 25, 2017 3:45pm Jan 25, 2017 3:45pm
Quoting Mr Breakout
Long GBP/NZD 1.7370, 50 pip stop. Now easy boy.
Closing and reversing
  • #447,907
  • Jan 25, 2017 3:48pm Jan 25, 2017 3:48pm
Yep, GBP/NZD is about to reverse the intra day trend.
  • #447,908
  • Jan 25, 2017 3:48pm Jan 25, 2017 3:48pm
Quoting Mr Breakout
{quote} Closing and reversing
big spike on nzdusd
  • #447,909
  • Jan 25, 2017 3:50pm Jan 25, 2017 3:50pm
Quoting MXT
{quote} big spike on nzdusd
Yeah same thing, they are going down.
  • #447,910
  • Jan 25, 2017 3:54pm Jan 25, 2017 3:54pm
Quoting Mr Breakout
{quote} You forgot to mention the 150 pip drawdown (heat) the trader had to endure before reaching that 1.2585 level you were looking for, no? Concerning the resistance it depends on your time frame of course, a 5 min resistance is totally meaningless on the monthly charts for example.
I don't have drawdown I play it as I see it down or up but the play of the day was was that doji call on the 4 hour combined net pips 87 pip lose
  • #447,911
  • Jan 25, 2017 3:55pm Jan 25, 2017 3:55pm
Quoting Mr Breakout
{quote} Closing and reversing
out at 1.7290, so far 20 pip loss (-50 + 30).
Waiting for short re-entry.
  • #447,912
  • Jan 25, 2017 3:58pm Jan 25, 2017 3:58pm
Quoting elbert3
{quote} I don't have drawdown I play it as I see it down or up but the play of the day was was that doji call on the 4 hour combined net pips 87 pip lose
Yes I know, I was talking in general.
  • #447,913
  • Jan 25, 2017 4:01pm Jan 25, 2017 4:01pm
If you are looking at trading news releases there is
https://www.fasteconomicnews.com/ bit pricey though

or perhaps fading the news after it has been released (depends on a number of factors) or even before
  • #447,914
  • Jan 25, 2017 4:03pm Jan 25, 2017 4:03pm
Quoting Mr Breakout
{quote} out at 1.7290, so far 20 pip loss (-50 + 30). Waiting for short re-entry.
good discipline , i'm sorry for your stop but i like how you reacted
  • #447,915
  • Edited 4:55pm Jan 25, 2017 4:15pm | Edited 4:55pm
Quoting MXT
{quote} good discipline , i'm sorry for your stop but i like how you reacted
Thanks.

I learned a long time ago (and the hard way of course), that arguing with the market is totally insane.

If a trader has a bullish view but the market is clearly going down then he/she needs to quickly react to that new reality or he is history.

Fortunes have been lost because traders refused to accept reality, simple as that.
  • #447,916
  • Jan 25, 2017 4:27pm Jan 25, 2017 4:27pm
Short GBP/NZD at 1.7300, 35 pip stop.
  • #447,917
  • Jan 25, 2017 4:30pm Jan 25, 2017 4:30pm
Quoting Mr Breakout
{quote} Thanks. I learned a long time ago (and the hard way of course), that arguing with the market is totally insane. If a trader have a bullish view but the market is clearly going down then he/she needs to quickly react to that new reality or he is history. Fortunes have been lost because traders refused to accept reality, simple as that.
hey Mr Breakout can we subscribe to each other ?
  • #447,918
  • Jan 25, 2017 4:31pm Jan 25, 2017 4:31pm
EUR/NZD is a good short too but let's keep things simple.
  • #447,919
  • Jan 25, 2017 4:37pm Jan 25, 2017 4:37pm
Speaking of EUR/NZD look at that superb breakout on the 15 min (head and shoulders pattern).
Attached Image (click to enlarge)
Click to Enlarge Name: eur_nzd.png Size: 154 KB
  • #447,920
  • Jan 25, 2017 4:51pm Jan 25, 2017 4:51pm
Quoting MXT
{quote} hey Mr Breakout can we subscribe to each other ?
Sure, why not.
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