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- eurusd_trade replied Feb 17, 2014
GJ has so far succesfully retested the 170.6x it broke out of, so further UJ upside may not imply more GU downside, at least for the time being.
Cable Update (GBPUSD)
- eurusd_trade replied Feb 17, 2014
OK understood, you're on a much longer TF than me and what I'm experienced with. Good luck
Cable Update (GBPUSD)
- eurusd_trade replied Feb 17, 2014
Here's what I don't understand ... If you had H4 longs why didn't you just cut them all at 1.681x-1.682x?? Then you take a break and come back much later after the chart clears up instead of agonizing about this partial take profit when should I ...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 17, 2014
I have no idea man. You're overthinking it. For me I take my 50 pips on H1 as a success. H4 is not worth the torture and there's too much P&L fluctuation for my trading style.
Cable Update (GBPUSD)
- eurusd_trade replied Feb 17, 2014
We are making history every day. Stop looking at the historics and think about the market as a bourse with many different humans and participants with many different goals and maybe you'll find the way. Or let me put it this way, use the historics ...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 17, 2014
It's too much risk before the numbers and the positioning doesn't support it nor do the fundamental threats. I suggest taking the 50 and go home. Things may develop further such that it could come off but at this time it's just too premature... we ...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 17, 2014
OK well we got our 50 pips from 1.6820, we are back into the take profit zone in H1... have a good night guys... tread lightly...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
For now, not looking for anything more than 1.675x which is a bit of a reach. Maybe have to settle for less. So similar to what you're saying. Reevaluate if we do get back down there to see what's next. Yes I know this doesn't put any of the ...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
yeah, so now we're through 1.6800. so forget trying to scalp 10 ticks. terrible R/R doing this kind of stuff, even though it can work in some situations, unless you are a genius
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
I would recommend waiting for the H4 and H1 charts to settle down before entering new longs. It made sense to take profit/go short at 1.6820. We may have to wait until London open to get more clarity, but a re-look at 1.677x is likely. Scalpers may ...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
LOL...... well at least you were smart enough not to use up all your leverage until now

Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
Yes I have pretty decent confidence at the moment we're going to see 50pips lower from 1.6820, I have a pretty sizable position. Later on this can change if the PA changes... no guarantees... I've been warning you not to sell at pretty much every ...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
.FINALLY... sold GBP 1.6820... patience is rewarded

Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
1.6650 shorts already starting to feel pain and forced to reduce position by brokers but the next 50 ticks or so starting here @ 1.6790-1.6850 for me is the sell zone. Above 1.68 you'll see the same pain from 1.6700 shorts
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
No, at least not while it's dead. But I'd still rather buy than sell. GJ at resistance, AU at resistance. If these break, so will GU, most likely. This is the third time testing GJ resistance at 17050. It's way too risky to sell.
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
You guys are getting excited over a 10pip bounce from pre-Welly highs. The risk/reward to selling here is not good enough for me, although the gap could just fill too. If we fail to fill the gap and go above 1.68xx then that's a sell for me, but it ...
Cable Update (GBPUSD)
- eurusd_trade replied Feb 16, 2014
At this point he's just trolling, ignore him
Cable Update (GBPUSD)