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Cable Update (GBPUSD)

  • #342,841
  • Jun 18, 2013 5:40am Jun 18, 2013 5:40am
Quoting Ill-b-back
Let's see if we can get to 1.56 by NY open. Will be interested in buying there

i dont think that is a good idea we will be below the previous monthly high..so it likely form resistance..we are going deep sea fishing bro!!..get the googles ..
  • #342,842
  • Jun 18, 2013 5:41am Jun 18, 2013 5:41am
Quoting albchr
As much as I am short biased "overall", we can't ignore the SR at 5606 (50%) as pretty strong. As of now it's support and until we see a significant break and hold below that, it will likely bounce up yet again and that ranging will continue. I do believe the rollover has started but only time will tell for sure. Just my 2 cents. {image}

thats where the hammer goes into play..its an easy read

the 4hr divergence is changing the immediate trend..so the hidden bearish divergence can playout on daily..if any1 struggles to see it let meh know
  • #342,843
  • Jun 18, 2013 5:41am Jun 18, 2013 5:41am
ok

Quoting bbmac
Hi It tells me nothing about 'the sources' I use to obtain info re potential bids/offers in the market...The daily t/f I read as you read - a hanging man followed by a doji (esq) candle is likely a bearish formation. I trade off the lower t/f's and I use certain analysis to suggest whether there may exist an imbalance of supply over demand or demand over supply , coupled with repeating set-ups for entry at such pre-identified areas, confirmed (or not) by price action itself...so I will trade with trend and counter trend moves - such determined on...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,844
  • Jun 18, 2013 5:47am Jun 18, 2013 5:47am
Quoting nAVIN2007
{quote} i dont think that is a good idea we will be below the previous monthly high..so it likely form resistance..we are going deep sea fishing bro!!..get the googles ..
Previous month high at 5605 and main 50 fib.
Come with me if you want to live....
  • #342,845
  • Jun 18, 2013 5:48am Jun 18, 2013 5:48am
in fact even here you see confirmation ,for down ,best case is another lower wick ,but direction for a few days is clear

Quoting Bones
what dose the daily tell you about these sources ? {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,846
  • Jun 18, 2013 5:50am Jun 18, 2013 5:50am
Quoting nAVIN2007
{quote} thats where the hammer goes into play..its an easy read
Well...yes. I'm not still holding all these currently underwater shorts for the second week because I think it's going up.

But that said, you should know by now that nothing is an "easy" read in Forex. I've seen the easiest reads blown away by some talking head or BS numbers come out. Should be interesting to see what reaction the USD garbage has. LOL
Ghost Rider - WWTBMD?
  • #342,847
  • Jun 18, 2013 5:56am Jun 18, 2013 5:56am
Quoting Ill-b-back
{quote} Previous month high at 5605 and main 50 fib.

1.56 is pretty much the previous monthly high..today is bearish so buying here if u ask me is very aggressive, it may work but it working against the divergence and that is there to change the trend

the fib to me is minor
  • #342,848
  • Jun 18, 2013 5:56am Jun 18, 2013 5:56am
Going to go long @ 5589
  • #342,849
  • Jun 18, 2013 5:58am Jun 18, 2013 5:58am
Quoting nAVIN2007
{quote} 1.56 is pretty much the previous monthly high..today is bearish so buying here if u ask me is very aggressive, it may work but it working against the divergence and that is there to change the trend the fib to me is minor
Each to their own
Come with me if you want to live....
  • #342,850
  • Jun 18, 2013 5:59am Jun 18, 2013 5:59am
Dam missed the move. Thats what happenens when you hedge some times. A good 80+ pips missed.
  • #342,851
  • Jun 18, 2013 6:00am Jun 18, 2013 6:00am
Quoting albchr
{quote} Well...yes. I'm not still holding all these currently underwater shorts for the second week because I think it's going up. But that said, you should know by now that nothing is an "easy" read in Forex. I've seen the easiest reads blown away by some talking head or BS numbers come out. Should be interesting to see what reaction the USD garbage has. LOL

its all about fear i have no fear that this may go up..so i have nothing to be concerned about..
u are right anything goes but its all about if u fear it..its this simple..


we are all different ...and i havent held trades in excess of 3 months to bail on an opportunity..trade safe chris
Quoting Ill-b-back
{quote} Each to their own
exactly bro..be lucky
  • #342,852
  • Jun 18, 2013 6:01am Jun 18, 2013 6:01am
Quoting GDR3k
Going to go long @ 5589
Still waiting for that scalp eh bro? Now that's perseverance!
Ghost Rider - WWTBMD?
  • #342,853
  • Jun 18, 2013 6:02am Jun 18, 2013 6:02am
Quoting albchr
{quote} Still waiting for that scalp eh bro? Now that's perseverance!
Aye! 25 pip stop, 25 pip target, let's see if she puts out - it's been a while!
  • #342,854
  • Jun 18, 2013 6:06am Jun 18, 2013 6:06am
Quoting nAVIN2007
{quote} its all about fear i have no fear that this may go up..so i have nothing to be concerned about.. u are right anything goes but its all about if u fear it..its this simple.. we are all different ...and i havent held trades in excess of 3 months to bail on an opportunity..trade safe chris {quote} exactly bro..be lucky
LOL...well yes, being hedged does make it easier to not care which way it goes. We can't do that here in the good ole USA...LOL Not having much at risk also helps I imagine.
Ghost Rider - WWTBMD?
  • #342,855
  • Jun 18, 2013 6:07am Jun 18, 2013 6:07am
Quoting GDR3k
{quote} Aye! 25 pip stop, 25 pip target, let's see if she puts out - it's been a while!
Plenty of ups and downs on the way bro.
Ghost Rider - WWTBMD?
  • #342,856
  • Jun 18, 2013 6:09am Jun 18, 2013 6:09am
not today

Quoting albchr
{quote} Plenty of ups and downs on the way bro.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,857
  • Jun 18, 2013 6:10am Jun 18, 2013 6:10am
maybe short ,50 pip stop ,200 target ?

Quoting GDR3k
{quote} Aye! 25 pip stop, 25 pip target, let's see if she puts out - it's been a while!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,858
  • Jun 18, 2013 6:13am Jun 18, 2013 6:13am
Quoting albchr
{quote} LOL...well yes, being hedged does make it easier to not care which way it goes. We can't do that here in the good ole USA...LOL Not having much at risk also helps I imagine.

  • #342,859
  • Jun 18, 2013 6:14am Jun 18, 2013 6:14am
Quoting Bones
not today {quote}

  • #342,860
  • Jun 18, 2013 6:17am Jun 18, 2013 6:17am
OK wtf? This is weird. I just looked at my SIGTrader demo and it seems to have closed all my trades on it's own?? Had two GU shorts and that Gold short I've been holding for 1350 and they are gone?? DAM!! Glad it's only a demo but that pisses me off!
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