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Cable Update (GBPUSD)

  • #345,461
  • Aug 19, 2013 5:40am Aug 19, 2013 5:40am
Cable has reached the point where I can comfortably start looking for shorts on the lower timeframes.

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  • #345,462
  • Aug 19, 2013 5:52am Aug 19, 2013 5:52am
swing top made by 12 th Feb on daily holds the key for todays move
  • #345,463
  • Aug 19, 2013 6:03am Aug 19, 2013 6:03am
reading price action - graphic below shows why the probability increased of an upside b/o of last week's 5655 hi at each stage of PA this London morning...it followed a bullish scenario particularly on 4hr daily and weekly as of last week's close. It is not always possible to tell what the greater probability is - but in this case it surely was ?

key: pot = potential

G/L
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ex member
  • #345,464
  • Aug 19, 2013 6:04am Aug 19, 2013 6:04am
Quoting A-speculator
{quote} i think it's too risky to long since swissy is at weekly support - 9250.. anyway, there has not been any indication the support will hold but i'll take a close look, still very interested in swissy rather than cable atm..
Good day to you, A-Spec

I'm looking to trade swissy down to 0.9087 as a longer term trade.

Regards
  • #345,465
  • Aug 19, 2013 6:16am Aug 19, 2013 6:16am
Quoting TauTrader
{quote} Good day to you, A-Spec I'm looking to trade swissy down to 0.9087 as a longer term trade. Regards
perhaps in longer term it might be possible, but in mid-term, as you can see in daily, price already made a hammer, i'm waiting to see if price able to close above ~9280 area, if that possible, i think price will move more to the upside most probably in the 94xx region..
  • #345,466
  • Aug 19, 2013 6:35am Aug 19, 2013 6:35am
Quoting A-speculator
{quote} perhaps in longer term it might be possible, but in mid-term, as you can see in daily, price already made a hammer, i'm waiting to see if price able to close above ~9280 area, if that possible, i think price will move more to the upside most probably in the 94xx region..
That would be awesome! More discount then.

All the best to you
  • #345,467
  • Aug 19, 2013 6:40am Aug 19, 2013 6:40am
some bullish action =)
  • #345,468
  • Aug 19, 2013 7:31am Aug 19, 2013 7:31am
Bearish cable on herd sentiment 96.5% short gbp/usd with -90.23% of traders net short the gbp across all pairs.. Increasing volatility ratios in the gbp and usd at 25.11% and 41.05% respectively. As we try to create balance selling pressure has consumed short side orders allowing for possible cascades. gluck guys
  • #345,469
  • Aug 19, 2013 7:32am Aug 19, 2013 7:32am
Looking to break 1.5645 area cleanly and then get short on this.
  • #345,470
  • Aug 19, 2013 8:24am Aug 19, 2013 8:24am
'Once more unto the breach, dear friends, once more' - 'Cry God for Harry, England, and Saint George!' speech of Shakespeare's Henry V, Act III, 1598.
  • #345,471
  • Aug 19, 2013 8:25am Aug 19, 2013 8:25am
Good day,

Itching to short GU - but gut is telling me to wait still.
  • #345,472
  • Aug 19, 2013 8:36am Aug 19, 2013 8:36am
Quoting TauTrader
Good day, Itching to short GU - but gut is telling me to wait still.
me too... and start thinking to turn off my pc..

  • #345,473
  • Aug 19, 2013 8:43am Aug 19, 2013 8:43am
if H4 candle close above 5650 we are gonna see 5700 today IMO...
Get Rich or Die Tryin
  • #345,474
  • Aug 19, 2013 8:45am Aug 19, 2013 8:45am
its time!!!!!!!

Inserted Video
I don't trust any move - when you have profit...take it.
  • #345,475
  • Aug 19, 2013 8:47am Aug 19, 2013 8:47am
Quoting Faller
its time!!!!!!! https://www.youtube.com/watch?v=ilpiYHKbSAw
For ???
Get Rich or Die Tryin
  • #345,476
  • Aug 19, 2013 8:49am Aug 19, 2013 8:49am
Quoting hoom
{quote} For ???

make of it what u wish.....

it is just a voice clip

what else could it mean?
I don't trust any move - when you have profit...take it.
  • #345,477
  • Aug 19, 2013 8:52am Aug 19, 2013 8:52am
or is it something more>>>

hmmmmm
I don't trust any move - when you have profit...take it.
  • #345,478
  • Aug 19, 2013 8:58am Aug 19, 2013 8:58am
Quoting plumiash
{quote} me too... and start thinking to turn off my pc..

Good day to you, Plumiash

We are in a sell zone. No doubt - and one could possibly build something great to the short side by being conservative in terms of money management. But my gut tells me we are not done here. Should we drop 800 from here - it would be sad, but just one of those things. This is where greed and fear comes in. I only have a clear long target on GU - with long and short target on CAD and short target only on CHF. I'm therefor taking the gamble to leave GU alone for now and to let it go it's course.

If incorrect - there will be more opportunities going forward. So not too concerned.

Stay vigilant.

Regards
  • #345,479
  • Aug 19, 2013 9:01am Aug 19, 2013 9:01am
Quoting TauTrader
{quote} Good day to you, Plumiash We are in a sell zone. No doubt - and one could possibly build something great to the short side by being conservative in terms of money management. But my gut tells me we are not done here. Should we drop 800 from here - it would be sad, but just one of those things. This is where greed and fear comes in. I only have a clear long target on GU - with long and short target on CAD and short target only on CHF. I'm therefor taking the gamble to leave GU alone for now and to let it go it's course. If incorrect - there...

you got to know when to hold em'.......know when to fold em'........know when to walk away.......know when to run......you never count your money....when you are sittin' at the table.......there will be time enough for countin'......when the dealin's done.


Good advice......Stay Vigilant.
I don't trust any move - when you have profit...take it.
  • #345,480
  • Aug 19, 2013 9:09am Aug 19, 2013 9:09am
Quoting Faller
{quote} you got to know when to hold em'.......know when to fold em'........know when to walk away.......know when to run......you never count your money....when you are sittin' at the table.......there will be time enough for countin'......when the dealin's done. Good advice......Stay Vigilant.
Good day to you, Faller

True. Very True.

If you are so inclined - could you inform me as to your trade setup? What do you see and what are you trading here?

Appreciated.

Regards to you
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