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Cable Update (GBPUSD)

  • #331,881
  • Dec 6, 2012 11:43am Dec 6, 2012 11:43am
Quoting _BBKing_
yes don't worry! mine was just an attempt sarcastic
yeah, i know..
  • #331,882
  • Dec 6, 2012 11:45am Dec 6, 2012 11:45am
Quoting _BBKing_
GU can be going lower than 1.58. not confirmed now. need retest etc... but possible 1.57 area and lower.. pure personal idea of course!!
EJ??
LOL!! cashed short +60today +30yesterday. enough.
best move was today with Gch + CHF JPY
sadly i forgot to replicate them in the challenge :/
mate why did you cash in your CHFJPY short so early??
its going to fall look at RSI... its just beginning....
i had the signal to short CHFJPY the same day i entered my EURJPY and GBPJPY if you recall....
if i entered the short and still holding chfjpy id have my take profit target down at 86 call me insane...
https://dl.dropbox.com/u/52561775/Fo...22012.1744.gif
We live in a finite world with infinite possibilities.
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  • #331,883
  • Dec 6, 2012 11:49am Dec 6, 2012 11:49am
i will try long at ending of this h1.
but better give an eye on faster TF......
the down move is steep.

nearest main support is 5950 (monthly)
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  • #331,884
  • Dec 6, 2012 11:53am Dec 6, 2012 11:53am
Quoting fxtyrant
mate why did you cash in your CHFJPY short so early??
its going to fall look at RSI... its just beginning....
i had the signal to short CHFJPY the same day i entered my EURJPY and GBPJPY if you recall....
if i entered the short and still holding chfjpy id have my take profit target down at 86 call me insane...
no i'm still holding but will cash 87.80-90 if lower... will get in later! Boj could fuck my pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Chart_CHF_JPY_Hourly_snapshot.jpg Size: 70 KB
90% of traders use TA, indicators and prediction
  • #331,885
  • Dec 6, 2012 11:54am Dec 6, 2012 11:54am
Quoting _BBKing_
buying cable here now 6050?
who has steel balls to do?
lol
I had...Check out Daily chart H&S could be forming ?! Opinion?
  • #331,886
  • Dec 6, 2012 12:00pm Dec 6, 2012 12:00pm
Quoting _BBKing_
no i'm still holding but will cash 87.80-90 if lower... will get in later! Boj could fuck my pips
BOJ could fuck anyone's pips... btw i sent you a PM... have a read...
We live in a finite world with infinite possibilities.
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  • #331,887
  • Dec 6, 2012 12:00pm Dec 6, 2012 12:00pm
Quoting danyboy
I had...Check out Daily chart H&S could be forming ?! Opinion?
all the more reason why i stick to my GBPUSD target of 1.5880
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,888
  • Dec 6, 2012 12:02pm Dec 6, 2012 12:02pm
Quoting _BBKing_
i will try long at ending of this h1.
but better give an eye on faster TF......
the down move is steep.

nearest main support is 5950 (monthly)
mmm
no good idea.
90% of traders use TA, indicators and prediction
  • #331,889
  • Dec 6, 2012 12:05pm Dec 6, 2012 12:05pm
Quoting danyboy
I had...Check out Daily chart H&S could be forming ?! Opinion?
i don't see any H&S actually.
what i see is a HUGE bearish daily candle.
must be very careful.
if up near 6080 again... could be better short.
maybe tomorrow's daily pivot will tell something more about!
actually longs are good just for a pullback but end of the day not easy to imagine more tha 10-15 pips.

just opinion....
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.jpg Size: 76 KB
90% of traders use TA, indicators and prediction
  • #331,890
  • Dec 6, 2012 12:13pm Dec 6, 2012 12:13pm
long closed for 2 pips. lol
not confident at all.
can go up. but also can tank into 1.59 area like drinking a glass of water.

switching off!
i see candles everywhere
bye goodluck
90% of traders use TA, indicators and prediction
  • #331,891
  • Dec 6, 2012 12:16pm Dec 6, 2012 12:16pm
Quoting _BBKing_
mmm
no good idea.
BBKing-

My long term chart shows a possible bounce here... renko, although issued a short signal for a scalp, I would have liked to get a confirmation arrow there. It is not showing up yet. We could also have hidden bullish divergence forming. GU may very well retrace 20 to 40 pips here... before a possible continuation south...

I'm leaving it alone for now.

Regards
Attached Image (click to enlarge)
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  • #331,892
  • Dec 6, 2012 12:22pm Dec 6, 2012 12:22pm
Well we'll see where we going tomorrow. Tonight seems to be finished....Tomorrow could reach again 6080 possibly but obviously staying under 200MA (M30). If we go above , dont know whats gonna happened..London Bulls will bring some relief hopefully.

(How can you became a normal member rahter than junior?)
  • #331,893
  • Dec 6, 2012 12:26pm Dec 6, 2012 12:26pm
Quoting fxtyrant
Lol buddy, i remember how i was shouting watch out GBPUSd to top out at 1.61 and attempt to re-enter the channel....
and so we did...

i announced ppl to watch out, especially those longing GBPUSD thinking 1.61 was broke for 1.6175
this was 03/12/2012
https://dl.dropbox.com/u/52561775/Fo...22012.1645.gif

And this is TODAY!!!, and for a bit more, i finally reveal the reason why 1.61 and why NAV think its gona top out there.... MUAHAHAHAH
im so evil, keeping things secret...
the 61.8% fibo....
someone...
Though I was not long but I was waiting to enter some more shorts in the 6140-75 area. Well.

I still think unless we close below 6060 today, we are not seeing any signs of long term down movement. If we do close below 6060 today, I think we may see 6010 tomorrow. Tomorrow (weekly) close if below 6030 could mean we see 1.59 in next week otherwise 6140-75 is still a possibility. I'll short more if we close any daily below 1.6. Cheers.
  • #331,894
  • Dec 6, 2012 12:28pm Dec 6, 2012 12:28pm
Quoting danyboy
Well we'll see where we going tomorrow. Tonight seems to be finished....Tomorrow could reach again 6080 possibly but obviously staying under 200MA (M30). If we go above , dont know whats gonna happened..London Bulls will bring some relief hopefully.

(How can you became a normal member rahter than junior?)
why you so sure tonight is over??
you maybe right due to the over stretched range... However... its just London closing we had....
US still up and still VERY capable of doing damages...
We live in a finite world with infinite possibilities.
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  • #331,895
  • Dec 6, 2012 12:32pm Dec 6, 2012 12:32pm
Quoting danyboy
Well we'll see where we going tomorrow. Tonight seems to be finished....Tomorrow could reach again 6080 possibly but obviously staying under 200MA (M30). If we go above , dont know whats gonna happened..London Bulls will bring some relief hopefully.

(How can you became a normal member rahter than junior?)
Hehe,

Danyboy - we all started as junior members - we all crawled first... the more you post, the bigger you will get. I have the same problem - if I get to 10 000 posts my name will change to grandpa member.

Just post away.. it will come

Regards and welcome
  • #331,896
  • Dec 6, 2012 12:43pm Dec 6, 2012 12:43pm
Quoting TauTrader
Hehe,

Danyboy - we all started as junior members - we all crawled first... the more you post, the bigger you will get. I have the same problem - if I get to 10 000 posts my name will change to grandpa member.

Just post away.. it will come

Regards and welcome
i remember the good old time when i had to crawl my way up... still crawling tbh....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,897
  • Dec 6, 2012 1:07pm Dec 6, 2012 1:07pm
Quoting fxtyrant
i remember the good old time when i had to crawl my way up... still crawling tbh....
Yes - FXtyrant - it is a process of constant learning.

By the way - let us do this exercise on displaced Moving averages.. In theory, this leg that started at 1.6127, should conclude at 1.6007, still studying HURST theory as a sideline.. I attach a simple chart of the theory... will be interesting.

All the best to you and may your trades do well

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: displacedgu.jpg Size: 105 KB
  • #331,898
  • Dec 6, 2012 1:12pm Dec 6, 2012 1:12pm
Now that's what I call a short squeeze

Personally, I think longs need to be very careful here, we are retesting the broken ascending TL and back into that damn channel.

I got home from work, saw the spike up to 6127 then saw price resting above 1.61.
Thinking NY will send it north, I closed out my short hedge (still learning)...

Oh well...

Currently hedged again to save my $800 a$$

I am still bullish medium term at the moment, but see a decent reason for continuation to 5980.

The monthly however is also interesing, not sure of it's longer term relevance, but maybe they are going to tax the rich more next year afterall and they are clearing all their stock positions now?



We are in a tight spot, let's see how she plays out...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu17.gif Size: 16 KB
Click to Enlarge Name: gu18.gif Size: 16 KB
Click to Enlarge Name: gu19.gif Size: 13 KB
Click to Enlarge Name: gu20.gif Size: 12 KB
Come with me if you want to live....
  • #331,899
  • Dec 6, 2012 1:12pm Dec 6, 2012 1:12pm
Quoting TauTrader
Yes - FXtyrant - it is a process of constant learning.

By the way - let us do this exercise on displaced Moving averages.. In theory, this leg that started at 1.6127, should conclude at 1.6007, still studying HURST theory as a sideline.. I attach a simple chart of the theory... will be interesting.

All the best to you and may your trades do well

Regards
usually i use the Moving averages as point of targets for the divergence... usually the Moving average may cut short on my profit but profit is still a profit, and moving averages present a higher probability that they get reached so its safer way of trading for me to get out at the appropriate value at the appropriate time.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,900
  • Dec 6, 2012 1:25pm Dec 6, 2012 1:25pm
Also thought I would share this...

Since breaking out of nAV's famous thick purple 16 month channel (damn that's a high time frame),

I see Ben's intentions, or at least I think I do...

Break/retest, break/retest, rinse and repeat lol...
Attached Image (click to enlarge)
Click to Enlarge Name: gu20.gif Size: 23 KB
Come with me if you want to live....
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