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Cable Update (GBPUSD)

  • #450,361
  • Feb 27, 2017 11:50am Feb 27, 2017 11:50am
Quoting MXT
{quote} nice , looks like we're in good company with many other traders watching the same thing
Yes, the only problem is that the market makers are also seeing that same H&S formation, and they KNOW we are watching it too, so they will soon start playing games with us ....
  • #450,362
  • Feb 27, 2017 12:00pm Feb 27, 2017 12:00pm
Quoting Mr Breakout
{quote} Yes, the only problem is that the market makers are also seeing that same H&S formation, and they KNOW we are watching it too, so they will soon start playing games with us ....
true but we've got one thing that they cannot take away from us :

we've got balls of steel and our stop loss
  • #450,363
  • Feb 27, 2017 12:16pm Feb 27, 2017 12:16pm
Quoting MXT
we've got balls of steel and our stop loss
Oh yeah, we do need them in this crazy business.
  • #450,364
  • Feb 27, 2017 12:32pm Feb 27, 2017 12:32pm
Quoting Mr Breakout
{quote} Oh yeah, we do need them in this crazy business.
we're like minded trading buddies , i really like your trading style
  • #450,365
  • Feb 27, 2017 12:53pm Feb 27, 2017 12:53pm
Quoting Mr Breakout
{quote} No it is not a breakout, on the 4h chart (your time frame) the cable is forming some kind of very complex Head and Shoulders formation. A clear breakout below 1.24 could signal the beginning of another downtrend. Target is 300 pips. {image}
You might be right about not yet a breakout, but on the daily TF (NY time), 2454 looks significant to short from for 170 pips or so.

That H&S is mighty complex, not sure I would apply the same definition myself. But I'm not big on definitions.
Come with me if you want to live....
  • #450,366
  • Feb 27, 2017 1:46pm Feb 27, 2017 1:46pm
it is a complex correction, but not a H&S!
Anything is math!
  • #450,367
  • Feb 27, 2017 2:06pm Feb 27, 2017 2:06pm
Quoting Kajos2250
it is a complex correction, but not a H&S!
They have a thing about HS ?? Sorry guys Bones will sort it out ??? Regards E
  • #450,368
  • Feb 27, 2017 2:17pm Feb 27, 2017 2:17pm
Quoting MXT
{quote} true but we've got one thing that they cannot take away from us : we've got balls of steel and our stop loss
Lol
  • #450,369
  • Feb 27, 2017 2:18pm Feb 27, 2017 2:18pm
Quoting Kajos2250
it is a complex correction, but not a H&S!
That's what she said last night but I think it started with an E ???
  • #450,370
  • Feb 27, 2017 2:24pm Feb 27, 2017 2:24pm
Quoting elbert3
{quote} Lol
ihihihihhih
  • #450,371
  • Feb 27, 2017 2:43pm Feb 27, 2017 2:43pm
I had a chat with s friend of mine . Traders who follow my posts will know who I post about . They are looking at 1.1 I said that is not in my plan . Any other big players in this FX reading this post I would be interested in your opinion .??? Big players only
  • #450,372
  • Feb 27, 2017 3:13pm Feb 27, 2017 3:13pm
Quoting elbert3
I had a chat with s friend of mine . Traders who follow my posts will know who I post about . They are looking at 1.1
I said that is not in my plan . Any other big players in this FX reading this post I would be interested in your opinion .??? Big players only
Â
Hi
I'm not a big player...(who is actually?Â..)..... just someone with experience.
Â
This chart started as a joke but many big banks bought the idea.

Â
Give Trump and T.May enough rope.... the Euro forecast may happen too
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Beware of robber banks (RB), bad advisors.
  • #450,373
  • Edited 8:13pm Feb 27, 2017 7:43pm | Edited 8:13pm
Quoting elbert3
Big players only
Yeah, sure, like if the big players (the "whales", Soros or Buffet for example) are going to reveal their REAL FX positions to the retail traders, right here on FF or elsewhere...

By the way, what is a "big" player for you?

For me a big Forex player is someone who bets at least 200 standard lots/contracts in the FX or Futures market.
  • #450,374
  • Feb 27, 2017 10:38pm Feb 27, 2017 10:38pm
So I missed these great opportunities, too busy snoozing and 9-5 R.I.P. If you have been following my posts I mentioned when price breaks levels and hits a key level all in 1 hour candlestick there is a high probability its going to go the other way. When we see that big green candlestick hitting the blue zone like that, great time to take a short. It didn't break it, simply tested that level 3 times before it came back down... then we had a pullback down to S and bounce back up. I don't expect it to go to BZ because that move was already done so now I wait and see what it does at which ever level it tends to go to.
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  • #450,375
  • Feb 27, 2017 11:24pm Feb 27, 2017 11:24pm
Quoting Mr Breakout
{quote} Yeah, sure, like if the big players (the "whales", Soros or Buffet for example) are going to reveal their REAL FX positions to the retail traders, right here on FF or elsewhere... By the way, what is a "big" player for you? For me a big Forex player is someone who bets at least 200 standard lots/contracts in the FX or Futures market.
Morning 200 is a lot but I bet there are bigger than that if you shared that into small retail let's say at 5 lots .?? That's not a big amount of traders for this market trading the same move . Hence asking that question . Regards E
  • #450,376
  • Feb 27, 2017 11:25pm Feb 27, 2017 11:25pm
On the 4 hour this 2425 has not had a candle close for some time now
  • #450,377
  • Feb 28, 2017 12:26am Feb 28, 2017 12:26am
SCored 10 off this C bounce
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  • #450,378
  • Feb 28, 2017 3:26am Feb 28, 2017 3:26am
Cable remains focused on the 2400 neighbourhood.
Last week the market failed just ahead of the 2583 8th Feb high. The pair will need to go to visit 2250 in order to reduce upside pressure & trigger losses to the 1.1988/80 recent low. Immediate support is the 2347 February low
  • #450,379
  • Feb 28, 2017 5:18am Feb 28, 2017 5:18am
Quoting elbert3
I had a chat with s friend of mine . Traders who follow my posts will know who I post about . They are looking at 1.1 I said that is not in my plan . Any other big players in this FX reading this post I would be interested in your opinion .??? Big players only
hey E i don't know the friend you're referring to , but in here it's only me and Mr Breakout who are shouting loud and clear that Cable is short , all the rest of the guys are bullish - i don't share the bullish view , even though some pullbacks are tradable , so most of the time i'd rather trade by myself as i do

i don't know about 1.11 , but we're in a bear market - if not 1.11 at least the recent lows in the 1.19 area could be retested and maybe a leg lower in the 1.18-1.16 area : this as a long term picture

cheers M
  • #450,380
  • Feb 28, 2017 6:18am Feb 28, 2017 6:18am
And another one... C level working wonders welp done for the day.

Greenpips yall
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