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Cable Update (GBPUSD)

  • #346,581
  • Sep 9, 2013 6:55am Sep 9, 2013 6:55am
placed some shorts on cable. a bit early as 5694 is good to short.. lets see if tp hits when i reach home.
Enter Signature
  • #346,582
  • Sep 9, 2013 6:58am Sep 9, 2013 6:58am
Quoting fardeen20
I have a short at 1.5640 and i do not see any hope of it come down today... Looks like its goona hit 5700
give me one reson to short
Say something meaningful or Silence!!
  • #346,583
  • Sep 9, 2013 7:03am Sep 9, 2013 7:03am
I do not have a perfect reason for me to goo short was expecting a change in trend, coz lookinf at the weekly chart i felt 5670 could be the max an then it shd turn down .. I know there is no logic in this , Just trying to learn things.
  • #346,584
  • Sep 9, 2013 7:09am Sep 9, 2013 7:09am
Quoting basitata
placed some shorts on cable. a bit early as 5694 is good to short.. lets see if tp hits when i reach home.
3rd touch on 4hr.. works 8 out of 10 time.... lets see if the market repeat its behavior.
Enter Signature
  • #346,585
  • Sep 9, 2013 7:13am Sep 9, 2013 7:13am
Quoting Fx-gtg
{quote} great chance we reach that and even 1.59 but before this last, 1.539x is norm. just happens most times
Good day, FX-gtg

I have 1.5845 as a marker. May not happen on this leg - but it is there. I have looked at it from all sides. It is not impossible. We also now have 1.5562 that popped up. So - whichever first - the other one remains a target.

But if we look at daily balances and bring options and futures into the picture - we could go to 1.6096 or down to 1.4962

The attached chart shows you all daily balances not covered.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 71 KB
  • #346,586
  • Sep 9, 2013 7:15am Sep 9, 2013 7:15am
Quoting fardeen20
I do not have a perfect reason for me to goo short was expecting a change in trend, coz lookinf at the weekly chart i felt 5670 could be the max an then it shd turn down .. I know there is no logic in this , Just trying to learn things.
Expectations, feelings ... that's not how one should trade. Learn something from it ...
  • #346,587
  • Sep 9, 2013 7:17am Sep 9, 2013 7:17am
So - i'm quite willing to start building shorts - but have to be awake in terms of position sizing and how I spread these..
  • #346,588
  • Sep 9, 2013 7:23am Sep 9, 2013 7:23am
Quoting basitata
placed some shorts on cable. a bit early as 5694 is good to short.. lets see if tp hits when i reach home.
touched 5694... added one more.. lets see how it behaves... keeping a close eye on.. no SL
Enter Signature
  • #346,589
  • Sep 9, 2013 7:23am Sep 9, 2013 7:23am
Quoting TauTrader
So - i'm quite willing to start building shorts - but have to be awake in terms of position sizing and how I spread these..
That sounds reasonable. Hey fardeen20, look how Tau plans his trades, you should do the same ...
  • #346,590
  • Sep 9, 2013 7:37am Sep 9, 2013 7:37am
Quoting fardeen20
hmmmm 1.59x .... ?

Watching da same, let's see...
Come with me if you want to live....
  • #346,591
  • Sep 9, 2013 7:39am Sep 9, 2013 7:39am
Quoting 1pipperhour
{quote} That sounds reasonable. Hey fardeen20, look how Tau plans his trades, you should do the same ...
good day to you, 1pipperhour

- bad example...

I'm only right 50% of the time... But yes, one has to attempt to plan. We know where the bottom is. That is zero. We do not know where the top is - that could be infinity..

GU now eating into stops. I only have recent data and the bulk of these @ 1.5740. So that number will not come as a complete surprise.

Trade well

Regards
  • #346,592
  • Sep 9, 2013 7:52am Sep 9, 2013 7:52am
Quoting TauTrader
{quote} good day to you, 1pipperhour - bad example... I'm only right 50% of the time... But yes, one has to attempt to plan. We know where the bottom is. That is zero. We do not know where the top is - that could be infinity.. GU now eating into stops. I only have recent data and the bulk of these @ 1.5740. So that number will not come as a complete surprise. Trade well Regards
We all know that market is constantly testing. So if trader identifies those areas which get tested all the time and with a little planning he/she is making money. That's how simple trading is
  • #346,593
  • Sep 9, 2013 7:54am Sep 9, 2013 7:54am
Quoting 1pipperhour
{quote} We all know that market is constantly testing. So if trader identifies those areas which get tested all the time and with a little planning he/she is making money. That's how simple trading is
  • #346,594
  • Sep 9, 2013 8:00am Sep 9, 2013 8:00am
Good afternoon everyone.

I'm waiting for a more confirmed attack of 1.57 before shorting. Was half expecting a test of 1.5716/7 and or 1.5750/1.

I dont think its ready yet...

But good luck to those that are short already.
  • #346,595
  • Sep 9, 2013 8:11am Sep 9, 2013 8:11am
4 shorts here
Some of the best profitable trades are most difficult to make.This was tough trigger to pull.
To those who make argument why short?Notice clear Supply.I think its riskier to go long.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.daily.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #346,596
  • Sep 9, 2013 8:17am Sep 9, 2013 8:17am
Quoting Ill-b-back
{quote} Watching da same, let's see...
kind of a weekly target.
  • #346,597
  • Sep 9, 2013 8:24am Sep 9, 2013 8:24am
Quoting Fx-gtg
{quote} kind of a weekly target.
Indeed, I'll be taking profits very soon and just leave one solitary long to she where she goes
Come with me if you want to live....
  • #346,598
  • Sep 9, 2013 8:24am Sep 9, 2013 8:24am
Quoting TauTrader
So - i'm quite willing to start building shorts - but have to be awake in terms of position sizing and how I spread these..
To help, the monthly cloud Ichimoku starts at 57.40-57.50, so it's a place to short.
  • #346,599
  • Sep 9, 2013 8:26am Sep 9, 2013 8:26am
5750 id on it way
  • #346,600
  • Sep 9, 2013 8:27am Sep 9, 2013 8:27am
Quoting Ambar
{quote} To help, the monthly cloud Ichimoku starts at 57.40-57.50, so it's a place to short.
I have no idea what you're talking about. Show some picture or smth ...
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