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Cable Update (GBPUSD)

  • #333,001
  • Jan 2, 2013 8:45pm Jan 2, 2013 8:45pm
Quoting Ill-b-back
I've never seen a weekly candlestick structure like this before, it's weird.
Makes me wonder what timeframe I should be looking at.
I'm staying out of this market for a while since the technicals are well borked. Part of me wants to say this thing is still going to hold and head south because the spike was made on big news with light volume while big orders were absent, but another part says that technically resistance is broken and that may shake some traders from putting shorts there. In either case I don't have a good setup to enter on. The previous daily pinbar was beautiful but the fiscal cliff destroyed that entry.
  • #333,002
  • Jan 2, 2013 8:55pm Jan 2, 2013 8:55pm
Quoting Davit
I just want to say some posters commenting like
"if it breaks 63 we will see 67"
is typical mambo jumbo BS crap one is expected to read at FF.Worse traders actually believing shit like this and changing their trading decisions.
Do everyone a favor and stop projecting please.
I thought every trader has made own decisions base on my sources including projecting from some one they believe or most hate.

If I trust some one, I would follow their post while I use to do reverse on the one I dislike...

Any way, please give a sample of the post you like most I need to learn
  • #333,003
  • Jan 2, 2013 8:58pm Jan 2, 2013 8:58pm
Quoting ForexRatVN
I thought every trader has made own decisions base on my sources including projecting from some one they believe or most hate.

If I trust some one, I would follow their post while I use to do reverse on the one I dislike...

Any way, please give a sample of the post you like most I need to learn
I think maybe his biggest gripe is with the word "will". Nobody can predict the market with absolute certainty.
  • #333,004
  • Jan 2, 2013 8:58pm Jan 2, 2013 8:58pm
It's very tough at the moment I agree.
I dont have a great setup either.
My own analysis tells me we retested 1.6 a while ago after breaking a descending monthly trendline and bouncing off the ascending TL.
There seems to be a new daily ascending TL forming.

Next major monthly descending TL I see is around 6425 or so on current monthly bar.

I'm watching 1 and 4 hr for entries.
Come with me if you want to live....
  • #333,005
  • Jan 2, 2013 9:01pm Jan 2, 2013 9:01pm
jus shorted 6211 now i wait
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #333,006
  • Jan 2, 2013 9:13pm Jan 2, 2013 9:13pm
I came home last night to the 200 pip up thought my platform wasn't to open until today.. was able to get in and get some of it back,,
Quoting gomab11
jus shorted 6211 now i wait
Attached Image (click to enlarge)
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  • #333,007
  • Jan 2, 2013 9:39pm Jan 2, 2013 9:39pm
Quoting Davit
I just want to say some posters commenting like
"if it breaks 63 we will see 67"
is typical mambo jumbo BS crap one is expected to read at FF.Worse traders actually believing shit like this and changing their trading decisions.
Do everyone a favor and stop projecting please.

Double
I don't trust any move - when you have profit...take it.
  • #333,008
  • Jan 2, 2013 9:53pm Jan 2, 2013 9:53pm
Quoting dsmith2269
I came home last night to the 200 pip up thought my platform wasn't to open until today.. was able to get in and get some of it back,,
Well done, a few hearts stopped yesterday I think.
Come with me if you want to live....
  • #333,009
  • Jan 2, 2013 9:58pm Jan 2, 2013 9:58pm
well mine was one of them..was on the road couldn't do anything until i got home,, Didn't have stops cause they shut my platform down without email didn't know what was going on..Oh well will rember for next year..
Quoting Ill-b-back
Well done, a few hearts stopped yesterday I think.
  • #333,010
  • Jan 2, 2013 11:51pm Jan 2, 2013 11:51pm
Kinda confusing at the moment, at first we have this so called Risk On rally that gets sold off now the institutions are talking about a Risk Off dollar concerns mentality. Whatever I am holding onto my longs
  • #333,011
  • Jan 3, 2013 1:54am Jan 3, 2013 1:54am
Quoting Ill-b-back
It's very tough at the moment I agree.
I dont have a great setup either.
My own analysis tells me we retested 1.6 a while ago after breaking a descending monthly trendline and bouncing off the ascending TL.
There seems to be a new daily ascending TL forming.

Next major monthly descending TL I see is around 6425 or so on current monthly bar.

I'm watching 1 and 4 hr for entries.
Hmmm.... it seems as though my system is still working.... i had a great opporunity on the USDCHF and ill show it to you
Too bad the system gave me signals to Short against all Yen Pairs when Fundamentally Yen is weakening due to BOJ interventioning easing...
otherwise my system makes me good pips as seen here....

maybe this'll make you reconsider my strategy?? since it works but like i said... need to know whats going on fundamentally too otherwise the system gets hit badly by fundamentals...
https://dl.dropbox.com/u/52561775/Fo...12013.1550.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,012
  • Jan 3, 2013 1:55am Jan 3, 2013 1:55am
Quoting fxtyrant
Hmmm.... it seems as though my system is still working.... i had a great opporunity on the USDCHF and ill show it to you
Too bad the system gave me signals to Short against all Yen Pairs when Fundamentally Yen is weakening due to BOJ interventioning easing...
otherwise my system makes me good pips as seen here....

maybe this'll make you reconsider my strategy?? since it works but like i said... need to know whats going on fundamentally too otherwise the system gets hit badly by fundamentals...
https://dl.dropbox.com/u/52561775/Fo...12013.1550.gif...
And heres the one for EURUSD which i entered a short too...
all profits are covered as you can see...
https://dl.dropbox.com/u/52561775/Fo...12013.1554.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,013
  • Jan 3, 2013 2:36am Jan 3, 2013 2:36am
Quoting fxtyrant
Hmmm.... it seems as though my system is still working.... i had a great opporunity on the USDCHF and ill show it to you
Too bad the system gave me signals to Short against all Yen Pairs when Fundamentally Yen is weakening due to BOJ interventioning easing...
otherwise my system makes me good pips as seen here....

maybe this'll make you reconsider my strategy?? since it works but like i said... need to know whats going on fundamentally too otherwise the system gets hit badly by fundamentals...
https://dl.dropbox.com/u/52561775/Fo...12013.1550.gif...
uh oh, here we go again.
Pls show me where i said this strategy doesn't work.
i have only ever supported it, saying it makes sense
Come with me if you want to live....
  • #333,014
  • Jan 3, 2013 2:45am Jan 3, 2013 2:45am
Quoting Ill-b-back
uh oh, here we go again.
Pls show me where i said this strategy doesn't work.
i have only ever supported it, saying it makes sense
no no i dont say it in a bad way.... i know you support it thats why i keep sharing.... im only sharing the reason why my system didnt work on the YEN pairs... :/ btw im still holding on those toxic yen trades but currenly having the EURUSD and CHF trade offsetting the losses...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,015
  • Jan 3, 2013 2:51am Jan 3, 2013 2:51am
Quoting fxtyrant
no no i dont say it in a bad way.... i know you support it thats why i keep sharing.... im only sharing the reason why my system didnt work on the YEN pairs... :/ btw im still holding on those toxic yen trades but currenly having the EURUSD and CHF trade offsetting the losses...
uh ha, sorry mate, thort you was riling me up
Come with me if you want to live....
  • #333,016
  • Jan 3, 2013 2:53am Jan 3, 2013 2:53am
if you look at weekly we are at a high...But what bothers me is this time last year we where at 1.5734
Quoting fxtyrant
no no i dont say it in a bad way.... i know you support it thats why i keep sharing.... im only sharing the reason why my system didnt work on the YEN pairs... :/ btw im still holding on those toxic yen trades but currenly having the EURUSD and CHF trade offsetting the losses...
  • #333,017
  • Jan 3, 2013 3:00am Jan 3, 2013 3:00am
when im done with this pair I'm moving to USDRUB
Quoting dsmith2269
if you look at weekly we are at a high...But what bothers me is this time last year we where at 1.5734
  • #333,018
  • Jan 3, 2013 3:13am Jan 3, 2013 3:13am
Quoting dsmith2269
when im done with this pair I'm moving to USDRUB
USDRUB eh.. ive never trade that pair before.. why u choose that pair mate? in the mean time, im thinking of shorting the aussie n the kiwi.. hopefully price dont break the high of the range.. as for cable, as long as price cant trade sustainably above 6300, i think bears still rules.. imho
  • #333,019
  • Jan 3, 2013 4:07am Jan 3, 2013 4:07am
i choose to get in to it just by its range look at it by month and week
Quoting A-speculator
USDRUB eh.. ive never trade that pair before.. why u choose that pair mate? in the mean time, im thinking of shorting the aussie n the kiwi.. hopefully price dont break the high of the range.. as for cable, as long as price cant trade sustainably above 6300, i think bears still rules.. imho
  • #333,020
  • Jan 3, 2013 4:11am Jan 3, 2013 4:11am
Quoting dsmith2269
when im done with this pair I'm moving to USDRUB
Give GBPUSD some time Sir, I think it will bust free soon.

Volatility seems to be slowely returning to this pair.
Come with me if you want to live....
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