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Cable Update (GBPUSD)

  • #345,481
  • Aug 19, 2013 9:13am Aug 19, 2013 9:13am
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...
Good day to you too TauTrader,

that was a very sharp advice for me..
and the "there will be more opportunities going forward", is a bold line..

i'd prefer to lose a chance to take profit, rather than taking a loss from a-not-too-good-and-well-anticipated regarding the money and risk management..

and good day to you too Faller!

Stay vigilant!
  • #345,482
  • Aug 19, 2013 9:16am Aug 19, 2013 9:16am

Okay my good guys,


Still holding on the sells, not to worry I still having pants on. Maybe include more sells if get to 1.5720 to 1.5750 zone. I not making the more sells now because I am having other positions, but I not saying because thread for pound vs. dollar. I thinking I making lots of the monies after many days, but now still waiting with pants on. Mother telling me if you believe in trade than make sure you removing the doubt. If you making the trade than you must stick to plan, not let emotions get in way unless chart or fortune cookie telling something different, but not now, big monies is coming. Not worry and keep pants on still.


Sell @ 1.5640
Sell @ 1.5550

I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #345,483
  • Aug 19, 2013 9:16am Aug 19, 2013 9:16am
ok go or keep it & all to see but the crazy still alive before breaks down 5628 ( possible crazy channel up) as start , then 5607 ( limit up > immediate old) breaks & hold to 5594 as previous limit up to even 5574 as limit for up specially care to 5565 ( again last channel action if ) & 44 breaks to last perhaps 5519 & 5422 to last 5392 breaks as confirm down .
gold ok break as start only , eu playing at top & perhaps developing daily tf sell off & so slow is good for next day tanking !!

lets see .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 43 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,484
  • Aug 19, 2013 9:16am Aug 19, 2013 9:16am
Quoting TauTrader
{quote} 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
Now is ideal buy GBP/USD because the resistance is reached at 1.5745 ..
  • #345,485
  • Aug 19, 2013 9:26am Aug 19, 2013 9:26am
Quoting forexaccent
Okay my good guys, Still holding on the sells, not to worry I still having pants on. Maybe include more sells if get to 1.5720 to 1.5750 zone. I not making the more sells now because I am having other positions, but I not saying because thread for pound vs. dollar. I thinking I making lots of the monies after many days, but now still waiting with pants on. Mother telling me if you believe in trade than make sure you removing the doubt. If you making the trade than you must stick to plan, not let emotions get in way unless chart or fortune cookie...
why are you shorting? it so easy to write so much words which dont explain anything
  • #345,486
  • Aug 19, 2013 9:26am Aug 19, 2013 9:26am
Quoting forexaccent
Okay my good guys, Still holding on the sells, not to worry I still having pants on. Maybe include more sells if get to 1.5720 to 1.5750 zone. I not making the more sells now because I am having other positions, but I not saying because thread for pound vs. dollar. I thinking I making lots of the monies after many days, but now still waiting with pants on. Mother telling me if you believe in trade than make sure you removing the doubt. If you making the trade than you must stick to plan, not let emotions get in way unless chart or fortune cookie...
good day to you, forexaccent

Hope mother is doing well. I have to agree with the position you are building - and I would have been short already as well, but there is just something I am not comfortable with. Do not know what this is...

Maybe I'm seeing things not there. That would not be a first...

Anyway...

All success with your trade. I do hope you benefit greatly in the end.

All the best
  • #345,487
  • Aug 19, 2013 9:31am Aug 19, 2013 9:31am
Quoting laurix
{quote} Now is ideal buy GBP/USD because the resistance is reached at 1.5745 ..
Good day to you, laurix

You meant sell?

Regards
  • #345,488
  • Aug 19, 2013 9:38am Aug 19, 2013 9:38am
Quoting TauTrader
{quote} good day to you, forexaccent Hope mother is doing well. I have to agree with the position you are building - and I would have been short already as well, but there is just something I am not comfortable with. Do not know what this is... Maybe I'm seeing things not there. That would not be a first... Anyway... All success with your trade. I do hope you benefit greatly in the end. All the best
Not no what what is? Are you tricking the joke. I get it, its nothing. you only putting 3 dots after you saying not know what this is. You trying to fool me, no. Very good... And mother is doing good, talking to cows, it making better milk when mother is talking to the cows. Thanks for the asking of mother. Milk is tasting sweeter, I try selling on ebay but they not they say not do it again or ban me.
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #345,489
  • Aug 19, 2013 9:40am Aug 19, 2013 9:40am
Quoting TauTrader
{quote} Good day to you, laurix You meant sell? Regards
I don't sell now .. because i think that GBP/USD M15 will definitely achieve 1,5672 ..
Attached Image (click to enlarge)
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  • #345,490
  • Aug 19, 2013 9:42am Aug 19, 2013 9:42am
Quoting forexaccent
{quote} Not no what what is? Are you tricking the joke. I get it, its nothing. you only putting 3 dots after you saying not know what this is. You trying to fool me, no. Very good...
Not trying to fool you....( 4 dots)
  • #345,491
  • Aug 19, 2013 9:46am Aug 19, 2013 9:46am
Quoting laurix
{quote} I don't sell now .. because i think that GBP/USD M15 will definitely achieve 1,5672 .. {image}
good day,

Ok - the resistance will be 1.56817 - should we go there.

Success to you
  • #345,492
  • Aug 19, 2013 9:47am Aug 19, 2013 9:47am
Quoting TauTrader
{quote} Not trying to fool you....( 4 dots)
You are the funny guy, no. I like it. I telling mother good guy is saying the hello when finished talking to cows. I thinking you making the big monies to if you trading like this. You funny guy, funny guy. You trading many pairs or only pound vs dollar?
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #345,493
  • Aug 19, 2013 9:53am Aug 19, 2013 9:53am
Quoting TauTrader
{quote} good day, Ok - the resistance will be 1.56817 - should we go there. Success to you
thank you tau ,same to you
  • #345,494
  • Aug 19, 2013 9:55am Aug 19, 2013 9:55am
Quoting TauTrader
{quote} good day, Ok - the resistance will be 1.56817 - should we go there. Success to you
My Weekly R1 @ 1.5712

That's why I thinking wait only if price go higher. So now I not adding more sells.

Not compare, but I thinking mine is bigger than yours. Not much only 30 pips, but I not telling everyone your R levels, because someone is always having bigger. Maybe making you sad, but you nice guy, so not worry. Funny guys.
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #345,495
  • Aug 19, 2013 10:44am Aug 19, 2013 10:44am
Rsi is above 70 indicating signs of overbought
My opinion is to sell at this level and target sma 14 at 1.55319 with a stop loss above 1.57550
as fundamental doesn't make sense for a pair to have over extended I'm looking at restatement before going to next leg.
  • #345,496
  • Edited 11:30am Aug 19, 2013 10:54am | Edited 11:30am
Running into a supply zone from 6/19. Possible good place for a short; only thing concerning me is accumulation has been rising since mid day Thursday and doesnt look like this zone is fresh. They might shoot for a higher break. Gotta look for a reversal before I jump in
  • #345,497
  • Aug 19, 2013 11:05am Aug 19, 2013 11:05am
Quoting Ulterior
{quote} why are you shorting? it so easy to write so much words which dont explain anything
I not saying I shorting, I saying I holding on to sells and keeping pants on. Please read I write in english. If you see before I explain I short because of R level. Okies, if I short again I telling you, no probs, not secret for you. I not part of KGB, I nice guy. I thinking my sheep maybe because he not coming near me no more. I only thinking I not hurt him yet.
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #345,498
  • Edited 11:25am Aug 19, 2013 11:07am | Edited 11:25am
Quoting Lattepips
Rsi is above 70 indicating signs of overbought My opinion is to sell at this level and target sma 14 at 1.55319 with a stop loss above 1.57550 as fundamental doesn't make sense for a pair to have over extended I'm looking at restatement before going to next leg.

Daily is just touching 70 and weekly is in the middle....
Your reference point of TF matters.

Just a thought about SMA or moving averages in general.
Only MA that market respond is 200MA mostly because banks use it.Its a floating S/R .If price is above strong up bias and opposite true.
Curve fitting lots of MA's can become dangerous.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.daily.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #345,499
  • Aug 19, 2013 11:23am Aug 19, 2013 11:23am
Hi guys i'm new here and have been following this thread with interest. I'm using a combination of spread betting and actually holding the currencies themselves.

For my 2 pence worth, GBP is just approaching overbought on the rsi on the daily and is right on the 100 ema on the weekly. My personal thinking is that somewhere between the 1.567 and 157 we shall see a reversal.

Very interesting thread with some sound analysis here, looking forward to conversing with you all.

MO
  • #345,500
  • Aug 19, 2013 11:27am Aug 19, 2013 11:27am
Quoting Davit
{quote} Daily is just touching 70 and weekly is in the middle.... Your reference point of TF matters. Just a thought about SMA or moving averages in general. Only MA that market respond is 200MA mostly because banks use it.Its a floating S/R .If price is above strong up bias and opposite true. Curve fitting lots of MA's can become dangerous. {image}
Sorry I meant daily TF do you think this pair over extended it gains? Market getting the wrong concept? What is ur opinion?
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