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Cable Update (GBPUSD)

  • #486,761
  • Jul 24, 2019 12:19pm Jul 24, 2019 12:19pm
Quoting DailyChart
I Just saw one my friends break his head by the beer bottle that he drink that's makes my tears keep dropping ... anyway... I am remain LONG
He'll be okay!!! I hope he did not spill any beer!!!
Don't trade what you think. Just what you see!!!
  • #486,762
  • Jul 24, 2019 12:23pm Jul 24, 2019 12:23pm
Quoting Theoak
{quote} He'll be okay!!! I hope he did not spill any beer!!!
He seem very depress while I can't help him anything for Now
  • #486,763
  • Jul 24, 2019 12:23pm Jul 24, 2019 12:23pm
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  • #486,764
  • Jul 24, 2019 12:25pm Jul 24, 2019 12:25pm
Quoting DailyChart
{quote} He seem very depress while I can't help him anything for Now
Tell him I'll buy him a beer. That will cheer him up!! How has he broke a bottle over his head????
Don't trade what you think. Just what you see!!!
  • #486,765
  • Jul 24, 2019 12:27pm Jul 24, 2019 12:27pm
Quoting asgcorp
yeah as noted previously, GU getting locked into symm trn on H4, strong impact due to ECB tmrw not likely. Will remain tough to trade well into Fed. Unless you have a strong idea for the direction of the breakout and/or scalping for small moves, probably best trade idea is to stay out of this market. PS: EG short still remains a better setup - due to GU/EU divergence (GU locked in range, EU in freefall mode). {image}
I think 2440 is the last number before breakout of the bottom tl . What number do you have on the last circle. Regards E
  • #486,766
  • Jul 24, 2019 12:28pm Jul 24, 2019 12:28pm
Quoting elbert3
{quote} I think 2440 is the last number before breakout of the bottom tl . What number do you have on the last circle. Regards E
But it just could break to the long side
  • #486,767
  • Jul 24, 2019 12:42pm Jul 24, 2019 12:42pm
Quoting DailyChart
I Just saw one my friends break his own head by the beer bottle that he drink that's makes my tears keep dropping ... anyway... I am remain LONG
Your friend needs more psychological help... more than you might think.
  • #486,768
  • Jul 24, 2019 12:56pm Jul 24, 2019 12:56pm
Quoting elbert3
{quote} I think 2440 is the last number before breakout of the bottom tl . What number do you have on the last circle. Regards E
2450
  • #486,769
  • Jul 24, 2019 1:06pm Jul 24, 2019 1:06pm
Quoting Marcieny
{quote} Your friend needs more psychological help... more than you might think.
He was okay until they gave him the bill!
Don't trade what you think. Just what you see!!!
  • #486,770
  • Jul 24, 2019 1:26pm Jul 24, 2019 1:26pm
Quoting asgcorp
{quote} 2450
  • #486,771
  • Jul 24, 2019 1:38pm Jul 24, 2019 1:38pm
Usdx near 97.45 should prepare for tanking next towards 97!or top range down
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #486,772
  • Jul 24, 2019 1:39pm Jul 24, 2019 1:39pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 34 KB
yes yes yes
  • #486,773
  • Jul 24, 2019 1:43pm Jul 24, 2019 1:43pm
Quoting asgcorp
{quote} 2450
There's that number again...
Come with me if you want to live....
  • #486,774
  • Jul 24, 2019 1:49pm Jul 24, 2019 1:49pm
Quoting asgcorp
{quote} 2450
  • #486,775
  • Jul 24, 2019 1:51pm Jul 24, 2019 1:51pm
Attached Image (click to enlarge)
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watching here on the green line lol well no green line ? But just look left
  • #486,776
  • Jul 24, 2019 1:53pm Jul 24, 2019 1:53pm
Quoting sgkrishn
4 hr Scenario. {image}
Wow its working the same
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #486,777
  • Jul 24, 2019 1:56pm Jul 24, 2019 1:56pm
Yesterday after the election of Boris Johnson I thought a non directional trade on Cable could be a winning strategy. I already mentionned futures options and futures, the latter despite possible calendar spreads not being great for a non directional plan. The former is better suited, because future options allow to bet on volatility as long as one buys a combo (combination), a set of options.

Two well known combos are straddle and strangle. A straddle consists of buying one call and one put at the money at the same strike. Today for instance you can buy a November 8. 2019 straddle at 1.25 (strike for both the put and call) for around $1560. This is your maximum loss. You start gaining below 1.19 or above 1.31. In other words, a change in Cable of +/- 10% yields about $4k or more, and no change is the cost of your straddle. If interested, greeks are the following at current price: Delta=0.1, Gamma=11.31, Vega=0.01 and Theta=0.

As for a strangle, actually somewhat directional, still the same expiration date but different strikes. You can buy a 1.1P/1.25C strangle by Globex, and today you will pay $2062.5. Your gain is below 1.07 and above 1.28, in between it is a loss, inf act you rather bet on a rise for GBP. Else a 1.4P/1.25C strangle for betting on a rise of USD.

That's it, if I buy one of those I shall come back in October to tell the result.
  • #486,778
  • Edited 2:21pm Jul 24, 2019 2:09pm | Edited 2:21pm
Quoting blackjacker
How about this 15 min. scenario. The slope is very stable by now. {image}
15m update, added a few more lines, will have to see which will prove to be majors. The slope worked in the middle of July as well. In the last moves went to touch weekly open on BID, expected.
Attached Image(s) (click to enlarge)
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  • #486,779
  • Jul 24, 2019 2:11pm Jul 24, 2019 2:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 240m 11.jpg Size: 131 KB
  • #486,780
  • Jul 24, 2019 2:11pm Jul 24, 2019 2:11pm
Taken long test overnight with sl 2456,can be below 2470 enough perhaps for target 2543 next day if!!
Not understand?better not follow my analyses!doubt clearer first, risks ++
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