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Cable Update (GBPUSD)

  • #334,281
  • Jan 19, 2013 12:31pm Jan 19, 2013 12:31pm
lol low time frame traders love em ,course cant be done higher up,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,282
  • Jan 19, 2013 12:31pm Jan 19, 2013 12:31pm
Price goes up and down, not diagonally.
  • #334,283
  • Jan 19, 2013 12:33pm Jan 19, 2013 12:33pm
of course your right ,keep it real brother
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,284
  • Jan 19, 2013 12:43pm Jan 19, 2013 12:43pm
Quoting Bones
of course your right ,keep it real brother
Lol, your decent I guess.
  • #334,285
  • Jan 19, 2013 12:57pm Jan 19, 2013 12:57pm
Intrested do you really know his style ?

Do you know if hes long or short right now ?




Quoting alex1976
I'm just joking you bro, lol

I like your trading style though. You and a handful of others in here keep it real.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,286
  • Jan 19, 2013 12:58pm Jan 19, 2013 12:58pm
Quoting alex1976
Nav, who is Tony?

bones
  • #334,287
  • Jan 19, 2013 1:09pm Jan 19, 2013 1:09pm


anyway all ive done is presented my outlook and area of intrest ,cable I think will go lower without much higher short term
that this is high prob imo

laters



Quoting nAVIN2007
bones
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,288
  • Jan 19, 2013 1:36pm Jan 19, 2013 1:36pm
Quoting nAVIN2007
bones
  • #334,289
  • Jan 19, 2013 2:25pm Jan 19, 2013 2:25pm
Retracement possible upto 914, next support at 824.

I take it day by day, as we never know when it will swing the other way.
  • #334,290
  • Jan 19, 2013 5:43pm Jan 19, 2013 5:43pm
Quoting Ill-b-back
I'm not putting words in your mouth, you said you would (trade the break) which ever way it went, I never said you were looking to buy off the lower trendline.

Who is putting words in whose mouth?
Show me where I said I would play the break! I DID NOT say this... I have been bearish since later December buddy.
  • #334,291
  • Jan 19, 2013 5:45pm Jan 19, 2013 5:45pm
Quoting Ill-b-back
(For 100pipsAday)

This is the chart with the broken (and successfully retested) descending Trendline I was refering to.
(Note: It has 5 points of PA confluence on the monthly)

Other traders, including Bones (I think) forgive me if I am wrong bones, also had this broken descending TL on their charts (He showed it on his weekly chart I think).

It's just that he was ignoring it , this shows experience I guess

At this point with the bullish action after the retest, it looked to me like we were on our way to retest the...


I don't see any chart in this post so I can't confirm what you're saying.
  • #334,292
  • Jan 19, 2013 5:46pm Jan 19, 2013 5:46pm
Quoting nAVIN2007
This is unfair..tony is a fantastic trader and has been trading live account b4 u even started trading and with huge amount per pip..
he also trades more currencies on the go than most can comprehend..

he is amongst the most experienced traders here in ff
I posted that I closed those out for profit roughly 2 weeks ago. Target is still the same but I also stated that I reserve the right to close positions to realize actual profit and / or scale in more positions as I see fit. This is exactly what I did the other day at 1.0640.

Are you having a rough month or something or do you just like to argue?

Would you like me to find the post where I said I took profit and was then flat on Cable...?
  • #334,293
  • Jan 19, 2013 5:50pm Jan 19, 2013 5:50pm
Quoting Bones
I agree Terry ,this is something lots see Can 1.5650-700 hold cause I think thats where were going ,this /next month

If it does on weekly im looking to build a long position ,with a view to go higher


Like I said, GBP/USD is still range bound, best to play support and resistance

Hi Bones,

Thank you for your response. Playing the upcoming breakout, whether up OR down, will be a very profitable move! Most of the JPY cross pairs have already broken out of their ranges so I am of the thinking that exciting trends are back for 2013!
  • #334,294
  • Jan 19, 2013 6:08pm Jan 19, 2013 6:08pm
Quoting 100PipsADay
GBP/USD Weekly - 10 Year Chart

4-Year Symmetrical Triangle

This pattern is getting so tightly squeezed, a breakout is imminent. This means that GBP/USD will breakout into a new multi-year trend after having been stuck in a four-year range. Which way will the she go, up or down?

My money is on a breakout to the downside but will wait to see what happens, currently flat on GBP/USD.

http://sovereignsociety.com/files/20...I-Graph-16.png
I post tells me that while you correctly favoured the downside break you were prepared to trade the upside break should it occur.
Come with me if you want to live....
  • #334,295
  • Jan 19, 2013 6:17pm Jan 19, 2013 6:17pm
Why's everyone debating the top and bottom side of this triangle?

It's not even there yet, so your both falling into the same trap trying to predict again.

Price is what it is and It can change at the drop of a dime.

There is no your view and my view, it it what it is and both more.
  • #334,296
  • Jan 19, 2013 6:23pm Jan 19, 2013 6:23pm
Quoting 100PipsADay
There should be some profit taking this Friday for EUR and GBP. Extremely large Daily candles! EUR went up about 220 pips today...

Anyways, I wouldn't be buying at these levels, no sir! However, I will say that price is still in an uptrend when looking at weekly TL which is still intact. I'm flat for the time being.

Opportunity in JPY cross pairs as well as EUR/AUD and GBP/AUD
So we agree we were still in an uptrend then with the weekly TL still in tact

And yet you say there was no reason to be bullish within your extended post about keeping things simple, getting rid of technical mumbo jumbo, and basically making bullish traders out as if we are just throwing darts at a dart board for our trading decisions (all of this AFTER the confirmed bearish break of course), (its easy to say it like a lecturous guru then isn't it).

I might have overreacted, I just see so much of this lecturing with the benefit of hindsight. I have even recently seen fabrications of calls not made with the same associated lecturous tone and hindsight.
(not by you).
It just annoys me to no end and prob brings out the worst in me.

By the way, if you simply click on my quoted post, it will take you directly to the mentioned chart with my TL analysis, I don't know why it didn't show the chart directly.
Come with me if you want to live....
  • #334,297
  • Jan 19, 2013 6:35pm Jan 19, 2013 6:35pm
Quoting 100PipsADay
I don't see any chart in this post so I can't confirm what you're saying.
Just click on the quoted post mate, it will take you there.

Yes, I admit I've had a rough month, this prob makes me more sensitive, but being lectured to (after the confirmed break) about simple PA off S/R and that there was no reason to be bullish, particularly when I see from the posts of yours i quoted that their were in fact bullish technicals, in addition to those posted by mysef and others, was just a little hard to stomach.
Come with me if you want to live....
  • #334,298
  • Jan 19, 2013 6:41pm Jan 19, 2013 6:41pm
Quoting 100PipsADay
I posted that I closed those out for profit roughly 2 weeks ago. Target is still the same but I also stated that I reserve the right to close positions to realize actual profit and / or scale in more positions as I see fit. This is exactly what I did the other day at 1.0640.

Are you having a rough month or something or do you just like to argue?

Would you like me to find the post where I said I took profit and was then flat on Cable...?
No mate it's alright, no need to, I saw them while retrieving the other posts.

I'm sorry for that, you were right on that one
Come with me if you want to live....
  • #334,299
  • Jan 19, 2013 10:10pm Jan 19, 2013 10:10pm
Quoting CasperTrader
Chart time. Weekly has closed much below 1.6. Short as of now. Will look to add more around 1.5934 if it gets there. Above that could a bull scenario. That is my interpretation. After all charts only reflect history of prices.
More detailed chart (4H). My own interpretration. PA is history. We trade the future (based on our expectations/predictions). Of course, it will change as we see more PA. This is for the coming 1-2 weeks just about upto when Fed meets next. 1.6 could be a good point to short then upto 1.56 (about 400 pips) going into Feb. The Bollinger bands seem over extended as well as the downward diagonal triangle, that could trigger a retrace. It would also be a re-test of the daily that was confirmed broken on Friday. 1.56 going late into Feb also marks the weekly uptrend line and a strong support going back to Aug 10.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_4H_1_20.jpg Size: 171 KB
  • #334,300
  • Jan 20, 2013 2:52am Jan 20, 2013 2:52am
theres been a lovley set up going back to the begining of the month ,a lovely set up is just that ,where is after the fact

how the F does anyone here trade whithout the nasty word predict or forecast ,its beyond me

one way or the other you make a decision long or short how do you do ?


Quoting Bones
Your kidding its not going there ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
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