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Cable Update (GBPUSD)

  • #332,261
  • Dec 11, 2012 7:06am Dec 11, 2012 7:06am
Quoting TauTrader
Fresh -

thank you for taking the time..

No,no - will not comment adversely on anyone's position. A rule I really attempt to enforce on myself. There are many ways to skin this cat. I was just curious about what you see - no agenda.

All the best, sir

Not a problem.

I think your an excellent trader and read every post of yours I see.

And what is your current outlook? with levels if you dont mind, would like to cross reference them with mine. It all helps me become a better trader

Thanks TT
  • #332,262
  • Dec 11, 2012 7:10am Dec 11, 2012 7:10am
Quoting Ill-b-back
We in a very tight spot.
I'm bullish on daily, weekly and monthly but my 4hr signal is still bearish.

I'm wondering if we need to go back and get something before we bust free?

Hello bro,

I agree on the larger time frames - But I have no idea how long they will take to play out..

Short term Im defo bearish. Im not sure if 61 is the top for the moment, too perfect. I think another push coming, then a drop to low 160xx's, maybe even high 1.59xx's.

Just a possible plan.
  • #332,263
  • Dec 11, 2012 7:10am Dec 11, 2012 7:10am
Quoting Freshpips
Hello bro,

I agree on the larger time frames - But I have no idea how long they will take to play out..

Short term Im defo bearish. Im not sure if 61 is the top for the moment, too perfect. I think another push coming, then a drop to low 160xx's, maybe even high 1.59xx's.

Just a possible plan.

Also US trade balance in 20 mins....
  • #332,264
  • Dec 11, 2012 7:23am Dec 11, 2012 7:23am
Quoting Freshpips
Hello bro,

I agree on the larger time frames - But I have no idea how long they will take to play out..

Short term Im defo bearish. Im not sure if 61 is the top for the moment, too perfect. I think another push coming, then a drop to low 160xx's, maybe even high 1.59xx's.

Just a possible plan.
Yes, is possible.

If we break back down today and creep below 6040 this week, I am now looking at 5979.
My 4hr is niggling me, only thing that gives me a bearish angle to consider.
Come with me if you want to live....
  • #332,265
  • Dec 11, 2012 7:25am Dec 11, 2012 7:25am
Well past midnight here, off to bed after US news, green pips all.

My hedge helps me sleep
Come with me if you want to live....
  • #332,266
  • Dec 11, 2012 7:32am Dec 11, 2012 7:32am
Quoting Ill-b-back
Well past midnight here, off to bed after US news, green pips all.

My hedge helps me sleep

Always a pleasure.

until next time.

Green pips bro.
  • #332,267
  • Dec 11, 2012 7:34am Dec 11, 2012 7:34am
Quoting TauTrader
My take on the weekly and monthly charts as well. The monthly chart is quite "dramatic"
Regards
quite "dramatic" indeed.. (hope you don't mind the addition)
Attached Image (click to enlarge)
Click to Enlarge Name: capture-20121211-125528 Tau.png Size: 788 KB
  • #332,268
  • Dec 11, 2012 7:36am Dec 11, 2012 7:36am
Quoting Freshpips
Not a problem.

I think your an excellent trader and read every post of yours I see.

And what is your current outlook? with levels if you dont mind, would like to cross reference them with mine. It all helps me become a better trader

Thanks TT
Fresh-

thanks for the comp.. however.. you are putting me on the spot here.

It is indicative on my recent charts that I have a bullish bias for now. I have long entries running.. I guessed UP on the NFP on Friday - lucky guess. I'm trying to reach 1.6120

I'm not a very technical trader - so just go for bits and pieces.

All success
  • #332,269
  • Dec 11, 2012 7:42am Dec 11, 2012 7:42am
Quoting cdndollar
quite "dramatic" indeed.. (hope you don't mind the addition)
Attachment
Mr.CD

Imagine that..

The mother of all " W" formations...

Maybe the reason for the defensive 1.6100... like your addition to the chart. Arty..

Regards
  • #332,270
  • Dec 11, 2012 7:43am Dec 11, 2012 7:43am
Quoting TauTrader
Fresh-

thanks for the comp.. however.. you are putting me on the spot here.

It is indicative on my recent charts that I have a bullish bias for now. I have long entries running.. I guessed UP on the NFP on Friday - lucky guess. I'm trying to reach 1.6120

I'm not a very technical trader - so just go for bits and pieces.

All success

My apologies. Thats fine TT, was just curious as to how far you were looking to ride this.

Much appreciated.

Green pips buddy.
  • #332,271
  • Dec 11, 2012 7:56am Dec 11, 2012 7:56am
its a huge bull....cover all shorts..!!
  • #332,272
  • Dec 11, 2012 8:00am Dec 11, 2012 8:00am
Quoting Freshpips
My apologies. Thats fine TT, was just curious as to how far you were looking to ride this.

Much appreciated.

Green pips buddy.
I think he'll ride the monthly Bungee up to 2.0000 so he can tell his grandchildren that grandpa rode the Cable from 1.6000 for 40 figures!
  • #332,273
  • Dec 11, 2012 8:07am Dec 11, 2012 8:07am
Quoting cdndollar
I think he'll ride the monthly Bungee up to 2.0000 so he can tell his grandchildren that grandpa rode the Cable from 1.6000 for 40 figures!
sir,

Give yourself some credit.. were you not positioning the longs last week? Makes me think...

Your eyes may be way better than mine...

Let's see..
  • #332,274
  • Dec 11, 2012 8:30am Dec 11, 2012 8:30am
OK,

Looks like we have an attempt towards bearish divergence now on the 4hr.. not confirmed yet.

Closing longs for the interim. Probably gonna stick it's nose past 1.6100 - then we see

Regards
  • #332,275
  • Dec 11, 2012 8:31am Dec 11, 2012 8:31am
Quoting TauTrader
sir,

Give yourself some credit.. were you not positioning the longs last week? Makes me think...

Your eyes may be way better than mine...

Let's see..
ok Sir, you talk me into it.. I'll join you for the Bungee ride & keep a portion of my long from 1.58668..
Attached Image (click to enlarge)
Click to Enlarge Name: capture-20121211-142220 GBP SR.png Size: 77 KB
  • #332,276
  • Dec 11, 2012 8:41am Dec 11, 2012 8:41am
Quoting cdndollar
ok Sir, you talk me into it.. I'll join you for the Bungee ride & keep a portion of my long from 1.58668..
Attachment
Sir,

Awesome buy you entered there... Picking bottoms are we?

You were not talked into anything.. you know that.Do NOT load the risk on me.

I see you..

All the best to you

Regards
  • #332,277
  • Dec 11, 2012 8:57am Dec 11, 2012 8:57am
Quoting TauTrader
Sir,

Awesome buy you entered there... Picking bottoms are we?

You were not talked into anything.. you know that.Do NOT load the risk on me.

I see you..

All the best to you

Regards
Thank you.. not offloading anything.. I am just pulling your legs sir..

Not picking bottoms.. but betting with risk-adjusted odds via M/T TL
plus a little bit of help from this:
Attached Image
Attached Image


& this.. like i said, we all have different mindsets & methods to skin the Cat..
Attached Image (click to enlarge)
Click to Enlarge Name: capture-20121211-144104 GBP 1Year longs.png Size: 54 KB
  • #332,278
  • Dec 11, 2012 8:57am Dec 11, 2012 8:57am
Pending short filled @ 1.6108.
  • #332,279
  • Dec 11, 2012 9:07am Dec 11, 2012 9:07am
Quoting cdndollar
Thank you.. not offloading anything.. I am just pulling your legs sir..

Not picking bottoms.. but betting with risk-adjusted odds via M/T TL
plus a little bit of help from this:
Attachment Attachment

& this.. like i said, we all have different mindsets & methods to skin the Cat..
Attachment
This ^^^
  • #332,280
  • Edited 9:26am Dec 11, 2012 9:13am | Edited 9:26am
Quoting TauTrader
This ^^^

This "^^^" is just an after the fact confirmation.. no?

btw.. shorts need to be careful here with EURUSD+EURGBP+EURJPY bulls all running in tandem!
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