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Cable Update (GBPUSD)

  • #474,821
  • Feb 17, 2019 3:19am Feb 17, 2019 3:19am
Quoting HaLBot
{quote} " As long as the paperwork is okay I don't care what you do out there"
That's almost word for word what my supervisor told me when I started my job as a school teacher....

He also said " go in there, teach them what you have to teach them, don't let the students fight each other, and come out alive"

Come with me if you want to live....
  • #474,822
  • Feb 17, 2019 3:45am Feb 17, 2019 3:45am
Quoting Ill-b-back
{quote} That's almost word for word what my supervisor told me when I started my job as a school teacher.... He also said " go in there, teach them what you have to teach them, don't let the students fight each other, and come out alive"
LOL....he must have watched mad max the day b4...
Don't Leave Money on the Table
  • #474,823
  • Feb 17, 2019 4:10am Feb 17, 2019 4:10am
Cable has met its initial upside target for the accumulation in the yellow box.
It however hasnt built any volume in the move up and so expect it to retrace to test the volume below the market at the lower green box.

If it hasnt retraced during the Asian session I expect it to game the highs and then use London vol to drive down otherwise look for longs during at the open of London if we are in the lower green box.

Attached Image (click to enlarge)
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Problem is US yield markets are closed tomorrow and calculating value will be difficult.
Boxing clever since 76.
  • #474,824
  • Feb 17, 2019 11:04am Feb 17, 2019 11:04am
If they hold it above the red box and the market goes bid during the london session, then the upper green box is the next target.

Attached Image (click to enlarge)
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Boxing clever since 76.
  • #474,825
  • Feb 17, 2019 2:00pm Feb 17, 2019 2:00pm
Quoting copi88
If they hold it above the red box and the market goes bid during the london session, then the upper green box is the next target. {image}
Goinn to be open with gap up!!!!
  • #474,826
  • Feb 17, 2019 5:37pm Feb 17, 2019 5:37pm
Quoting Dr.Zain
{quote} Goinn to be open with gap up!!!!
Hey Dr. Zain, spot on...
what is in the charts for you to know it was going to gap higher?
Don't Leave Money on the Table
  • #474,827
  • Edited 6:07pm Feb 17, 2019 5:41pm | Edited 6:07pm
Bullish Friday Daily candle engulfed two previous red Dailys, if there is a pullback could be to the 1.2840 area b4 heading north although market sentiment feels like it's changed with better than expected UK sales and US/China trade talks advancing in the right direction so if pullback might be more like the 1.2860 area
And there's UK data out today during London session..
Don't Leave Money on the Table
  • #474,828
  • Feb 17, 2019 6:09pm Feb 17, 2019 6:09pm
Believe it or not this my first attempt at using windows paint on a chart......lol

10 pip gap will have to be closed at some point, when I don't know as still learning charting...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 18 FEB 19.png Size: 43 KB
Don't Leave Money on the Table
  • #474,829
  • Feb 17, 2019 6:18pm Feb 17, 2019 6:18pm
Quoting HaLBot
{quote} Hey Dr. Zain, spot on... what is in the charts for you to know it was going to gap higher?
Xe
  • #474,830
  • Feb 17, 2019 6:19pm Feb 17, 2019 6:19pm
Quoting elbert3
{quote} Xe
Is that a coded message.....LOL
Don't Leave Money on the Table
  • #474,831
  • Feb 17, 2019 6:24pm Feb 17, 2019 6:24pm
Quoting HaLBot
Believe it or not this my first attempt at using windows paint on a chart......lol 10 pip gap will have to be closed at some point, when I don't know as still learning charting... {image}
A grand per pip gets you 10 grand thing is how much can ones ac carry until it closes . Is one prepared to see their ac in the red to the tune of 30 grand or more before ones bottle goes or the ac is blown ?? Or does one put more in the pot ?? You only get the chance on a Sunday open . Let's see the play lol
  • #474,832
  • Feb 17, 2019 6:25pm Feb 17, 2019 6:25pm
Quoting HaLBot
{quote} Is that a coded message.....LOL
Lol no google xe the market moves before the brokers
  • #474,833
  • Feb 17, 2019 6:37pm Feb 17, 2019 6:37pm
Quoting elbert3
{quote} A grand per pip gets you 10 grand thing is how much can ones ac carry until it closes . Is one prepared to see their ac in the red to the tune of 30 grand or more before ones bottle goes or the ac is blown ?? Or does one put more in the pot ?? You only get the chance on a Sunday open . Let's see the play lol
Hey Elbert, not quite following you M8 but one day I'd love to be able to put on trades worth a grand a pip(about 72 lots AU) and working towards trading bigger lots
watched this video of Stanley F. Druckenmiller being interviewed and he has a very interesting take on being able to trade big and not leave profits on the table..He was a business partner of George Soros for a while
Inserted Video
Don't Leave Money on the Table
  • #474,834
  • Feb 17, 2019 6:43pm Feb 17, 2019 6:43pm
Quoting HaLBot
{quote} Hey Albert, not quite following you M8 but one day I'd love to be able to put on trades worth a grand a pip(about 72 lots AU) and working towards trading bigger lots watched this video of Stanley F. Druckenmiller being interviewed and he has a very interesting take on being able to trade big and not leave profits on the table..He was a business partner of George Soros for a while https://www.youtube.com/watch?v=G-MlrpoMig0
No thanks I play my own way theses days I have lost a lot but won a lot . It does not bother me thease days . I have been in a restaurant in jersey on a Friday afternoon with a friend trading on the phone and ended up paying the whole bar bill for the customers ho where in there that day . You just have to think outside the trade and if your right trade with commitment.
  • #474,835
  • Feb 17, 2019 6:44pm Feb 17, 2019 6:44pm
Quoting elbert3
{quote} A grand per pip gets you 10 grand thing is how much can ones ac carry until it closes . Is one prepared to see their ac in the red to the tune of 30 grand or more before ones bottle goes or the ac is blown ?? Or does one put more in the pot ?? You only get the chance on a Sunday open . Let's see the play lol
What about hedging your position Friday end of NY session, surely take the pressure of Sunday night opening( Monday In Australia)?
Don't Leave Money on the Table
  • #474,836
  • Feb 17, 2019 6:45pm Feb 17, 2019 6:45pm
Quoting HaLBot
{quote} Hey Elbert, not quite following you M8 but one day I'd love to be able to put on trades worth a grand a pip(about 72 lots AU) and working towards trading bigger lots watched this video of Stanley F. Druckenmiller being interviewed and he has a very interesting take on being able to trade big and not leave profits on the table..He was a business partner of George Soros for a while https://www.youtube.com/watch?v=G-MlrpoMig0
https://www.xe.com/
  • #474,837
  • Feb 17, 2019 6:47pm Feb 17, 2019 6:47pm
Quoting elbert3
{quote} https://www.xe.com/
Thanks Elbert, I'll have to spend some time I think checking this site out...
Don't Leave Money on the Table
  • #474,838
  • Feb 17, 2019 6:54pm Feb 17, 2019 6:54pm
Quoting HaLBot
{quote} Thanks Elbert, I'll have to spend some time I think checking this site out...
Don't bother just wait till next Sunday about 1 hour before the brokers open . Well some brokers I am not sure if some open their book at the same time . But if like my broker you can't put a trade on to cover the open move .
  • #474,839
  • Feb 17, 2019 7:06pm Feb 17, 2019 7:06pm
Quoting elbert3
{quote} A grand per pip gets you 10 grand thing is how much can ones ac carry until it closes . Is one prepared to see their ac in the red to the tune of 30 grand or more before ones bottle goes or the ac is blown ?? Or does one put more in the pot ?? You only get the chance on a Sunday open . Let's see the play lol
See what I mean now there's a second game on a long that is now at breakeven
  • #474,840
  • Feb 17, 2019 7:08pm Feb 17, 2019 7:08pm
Attached Image (click to enlarge)
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there just pick up the pips and play the bigger gap
Quoting elbert3
{quote} See what I mean now there's a second game on a long that is now at breakeven
Attached Image (click to enlarge)
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