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Cable Update (GBPUSD)

  • #457,021
  • Dec 13, 2017 4:16pm Dec 13, 2017 4:16pm
pepperstone printing some ugly M5 candles in cTrader.
Attached Image
  • #457,022
  • Dec 13, 2017 4:19pm Dec 13, 2017 4:19pm
Last night in post #456,986 I attached the support and resistance levels of the Volatility Response Model for today. Here are today's results. Weekly levels in the top 1 hour chart, daily levels in the bottom 30 minute chart. Times are GMT-4 . EMA channel (4,7) included. Weekly level 1.3362 featured heavily today and the market rallied to weekly VRM level 1.3425. Lots of bounces off the daily levels. We are now at the middle of the short term trend channel. Predictions for tonight and tomorrow to follow.
Attached Image (click to enlarge)
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  • #457,023
  • Dec 13, 2017 4:27pm Dec 13, 2017 4:27pm
H4 quick recap. nice bullish channel. Buying dips @ LO - reload area 3340-3360 immediate target is 3500.
Overall strat is buy dips until final TP @ 3600.
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  • #457,024
  • Dec 13, 2017 4:33pm Dec 13, 2017 4:33pm
Quoting asgcorp
H4 quick recap. nice bullish channel. Buying dips @ LO - reload area 3340-3360 immediate target is 3500. Overall strat is buy dips until final TP @ 3600. {image}
supplementary to the above: GBP USD pending buy order @ 3360 SL 3330 TP 3500
  • #457,025
  • Dec 13, 2017 5:12pm Dec 13, 2017 5:12pm
I attach the Volatility Response Model (VRM) predictions for tonight and tomorrow until 5 pm New York time. The GBPUSD will have to break through the daily trend chart middle 1.3415 as the next resistance level. I also attach a document that describes the format of these charts. Results will be posted tomorrow after New York close.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 59 KB
Attached File(s)
File Type: pdf charts-01.pdf   187 KB | 224 downloads
  • #457,026
  • Dec 13, 2017 9:12pm Dec 13, 2017 9:12pm
Quoting MoneyFocus
{quote} Glad to see you on the bulls side again. Cheers.
Cleared my longs.
  • #457,027
  • Dec 13, 2017 9:54pm Dec 13, 2017 9:54pm
Quoting dean1star
{quote} Read your small print - it will say your broker is not responsible for any losses incurred via the disruption of services because of a bad internet connection .. Check third party responsibilities it will be in there somewhere ..
Quoting moodie
{quote} Usually, these guys have waiver clauses in the contract when you first open the account. Further, you must consider the feasibility of the lawsuit. Sometimes cutting one's losses and finding a better broker is a much better solution.
Saw that clause. I rang them and was informed that their IT team was working on bringing the platform back online. But i will not be covered for the losses i incur due to their fault with the platform.
  • #457,028
  • Dec 13, 2017 11:25pm Dec 13, 2017 11:25pm
Inserted Video
  • #457,029
  • Dec 13, 2017 11:57pm Dec 13, 2017 11:57pm
Quoting honesttrader
{quote} the take profit transactions didnt get executed
it is difficult to sue them, they my excuse themselves and they put the blame on high slippage during those hours.
  • #457,030
  • Dec 14, 2017 1:19am Dec 14, 2017 1:19am
see some support at 1.3374 today, am a little skeptical on a count of that spike on rollover, but that's all I see for now...
Look Sharp/Trade Tight
  • #457,031
  • Dec 14, 2017 2:25am Dec 14, 2017 2:25am
Quoting honesttrader
{quote} {quote} Saw that clause. I rang them and was informed that their IT team was working on bringing the platform back online. But i will not be covered for the losses i incur due to their fault with the platform.
Change your broker, i know its a hassle but even this situation tells you all you need to know, what happens if it goes again?
  • #457,032
  • Dec 14, 2017 2:29am Dec 14, 2017 2:29am
Quoting dean1star
{quote} Change your broker, i know its a hassle but even this situation tells you all you need to know, what happens if it goes again?
I don't know why they cannot close his trade manually if he requests it... he is well in profit now....
  • #457,033
  • Dec 14, 2017 2:41am Dec 14, 2017 2:41am
Quoting dean1star
{quote} Change your broker, i know its a hassle but even this situation tells you all you need to know, what happens if it goes again?
Only this broker doesnt charge for overnight open positions. Thats the only reason i chose him. Rest all charge some percentage and over night holding charges.
  • #457,034
  • Dec 14, 2017 2:42am Dec 14, 2017 2:42am
Quoting Nala66
{quote} I don't know why they cannot close his trade manually if he requests it... he is well in profit now....
They closed manually when i said but till then, i lost almost 250 dollars in profit.. By the way, i was green in all my open positions... so am happy anyway.
  • #457,035
  • Dec 14, 2017 2:58am Dec 14, 2017 2:58am
Quoting honesttrader
{quote} They closed manually when i said but till then, i lost almost 250 dollars in profit.. By the way, i was green in all my open positions... so am happy anyway.
Cool, it is a timely reminder for all traders to have their brokers phone number handy.
  • #457,036
  • Dec 14, 2017 4:18am Dec 14, 2017 4:18am
Stiil stuck with my shorts of yesterday ! ..... but I can handle them.
Ready to hedge if necessary !

S.
  • #457,037
  • Dec 14, 2017 6:28am Dec 14, 2017 6:28am
Quoting dean1star
220 pips up looking to close on 390 pips see how it plays tomorrow. EuroUsd 61/8 fibs seems to be the return point. No trades open on Pound Dollar. {image}
Well done, sir. Good trades.

The system indicated seems extremely powerful. Like the short signals on bullish bars and long signals on bearish bars. Coupled with the moving channel - powerful.

All success
We Can
  • #457,038
  • Dec 14, 2017 6:38am Dec 14, 2017 6:38am
Quoting KingOSwing
{quote} Well done, sir. Good trades. The system indicated seems extremely powerful. Like the short signals on bullish bars and long signals on bearish bars. Coupled with the moving channel - powerful. All success
Thats kind of you KingOSwing, most of the success seems to be through actually understanding how markets really work and move and their repeat nature, all the stuff i am sure a king of swing already knows ..
  • #457,039
  • Dec 14, 2017 7:18am Dec 14, 2017 7:18am
Quoting dean1star
{quote} Thats kind of you KingOSwing, most of the success seems to be through actually understanding how markets really work and move and their repeat nature, all the stuff i am sure a king of swing already knows ..
Sir,

My Handle is embarrasing. I know...

But having some degree of success. Tell you this - I am sure all frequenting this thread appreciate your posts. Also those of Asgcorp, Pay the Limit, MoneyFocus and others. It makes FF worth a look. I do apologise for not mentioning others by name. Just making a point in time. Many a lost individual ( I include myself) have found inspiration as well as understanding - reading and testing concepts.

More experienced individuals have asked what has happened to this thread. I assure you those left appreciate input, discussion and consideration. It is what it is. Please all continue to post ideas. Even if it frustrates and one may feel this a waste of personal time.

Take care and good trades!
We Can
  • #457,040
  • Dec 14, 2017 7:44am Dec 14, 2017 7:44am
h1 very choppy, no new HOD today, so looks suspect // can trigger a sell off later. Inability to crack 3460 is a big deal at this rate path of least resistance is lower.
No setups here for me as I just don't see any with decent risk/reward.
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