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Cable Update (GBPUSD)

  • #346,601
  • Sep 9, 2013 8:29am Sep 9, 2013 8:29am
Quoting Ambar
{quote} To help, the monthly cloud Ichimoku starts at 57.40-57.50, so it's a place to short.
Yip - bulk of short stops @ 1.5740 - so it makes perfect sense.

Regards
  • #346,602
  • Sep 9, 2013 8:43am Sep 9, 2013 8:43am
Quoting 1pipperhour
{quote} I have no idea what you're talking about. Show some picture or smth ...
Ichimoku monthly
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-mn1-fxpro-financial-services.png Size: 54 KB
  • #346,603
  • Sep 9, 2013 8:50am Sep 9, 2013 8:50am
good day,

total of 3694 short stops sitting at 1.5740 - plum. And 3485 long stops sitting at 1.5540 - this may be the short term range..

Trade well
  • #346,604
  • Sep 9, 2013 8:51am Sep 9, 2013 8:51am
Real sell off I suspect will start after London Close.
In trading, you have to be defensive and aggressive at the same time
  • #346,605
  • Sep 9, 2013 9:00am Sep 9, 2013 9:00am
Quoting 1pipperhour
{quote} I have no idea what you're talking about. Show some picture or smth ...
By my short experience, Ichimoku areas or clouds are that, areas. Sometimes the candle doesn't touch the cloud, sometimes it goes into... But the where the cloud starts, more or less, means that there are a lot of stop-loss there.
  • #346,606
  • Sep 9, 2013 9:08am Sep 9, 2013 9:08am
Quoting Ambar
{quote} By my short experience, Ichimoku areas or clouds are that, areas. Sometimes the candle doesn't touch the cloud, sometimes it goes into... But the where the cloud starts, more or less, means that there are a lot of stop-loss there.
good day to you, Ambar

You see - we trade the same - looking for possible areas.

Sometimes we get lucky and price turns to the pip - sometimes it overshoots.. or go straight on.

All the best
  • #346,607
  • Sep 9, 2013 9:18am Sep 9, 2013 9:18am
the price has crossed 1.5700 for gbpusd, at this point i have gone short, where do you see this pair going towards?
  • #346,608
  • Sep 9, 2013 9:30am Sep 9, 2013 9:30am
Quoting TauTrader
{quote} good day to you, Ambar You see - we trade the same - looking for possible areas. Sometimes we get lucky and price turns to the pip - sometimes it overshoots.. or go straight on. All the best
Ichimoku, tekan has crossed kijun at daily. Dangerous to short...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-fxpro-financial-services-2.png Size: 58 KB
  • #346,609
  • Sep 9, 2013 9:38am Sep 9, 2013 9:38am
Quoting Ambar
{quote} Ichimoku, tekan has crossed kijun at daily. Dangerous to short... {image}
Exactly!
  • #346,610
  • Sep 9, 2013 9:46am Sep 9, 2013 9:46am
Quoting samiru
{quote} flat and waiting 5705
happy! just couldn't place the order after a very serious thought.
now have a limit sell at 5740,lets see...
  • #346,611
  • Sep 9, 2013 10:02am Sep 9, 2013 10:02am
Quoting Ambar
{quote} Ichimoku, tekan has crossed kijun at daily. Dangerous to short... {image}
Ambar,

Have you changed settings on Ichimoku, on my daily chart the 2 lines havent crossed, theres about 110 pips between them? Any ideas as to why we have such different readings?
  • #346,612
  • Sep 9, 2013 10:04am Sep 9, 2013 10:04am
He did, he's not using the default ichimoku setup.
  • #346,613
  • Sep 9, 2013 10:04am Sep 9, 2013 10:04am
Looks like she is gunning for that 1.5740 stop cluster...
  • #346,614
  • Sep 9, 2013 10:24am Sep 9, 2013 10:24am
Quoting Freshpips
{quote} Ambar, Have you changed settings on Ichimoku, on my daily chart the 2 lines havent crossed, theres about 110 pips between them? Any ideas as to why we have such different readings?
Yes I use another version. But, I am learning yet from Ichimoku. I use it in demo account and as an alarm to not going in the wrong direction. I need more indicators for the entries.
In the original version, the ones that givesyou MT4, the settings are 9,26,52. But 26 comes from the original version, old Japanese stock market, when they worked on Saturdays. So, the days for one month were 26 more or less.But this is wrong. So, the right version, is to use 22, as we do not work on Saturdays,and the rest of settings, get smoother with 8,22,44. Make this changes, and you will realize that is better.
  • #346,615
  • Sep 9, 2013 10:25am Sep 9, 2013 10:25am
Today's upside move [after Friday's pullback from immediate post U.s NFP hi @ 5681] has breeched to the upside the 4hr descending t/line as well as the daily and weekly descending trend lines...At the current daily hi [5731] - price has touched the monthly descending trend line...see pic below.

Techs to the immediate upside:

5730-51 prev daily/weekly/minor monthly swing hi...incl 5741 = Daily R2 @/around
5760 61.8% 6349-4811
5772 50% 6746-4811
5778/80 Monthly R1/Weekly R2 @/around
5802 Daily R3 @/around
5813-44 prev daily minor sw hi zone
5820-77 prev weekly sw lo zone incl: 5861-77 prev daily minor sw hi zone
5881 Weekly R3 @/around
5984 76.4% 6349-4811
5998-6058 prev minor weekly sw lo zone (non immed) incl 5998 = 61.8% 6746-4811, and 6055 = Monthly R2 @/around
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 178 KB
ex member
  • #346,616
  • Sep 9, 2013 10:59am Sep 9, 2013 10:59am
Good day,

We are squeezing short.

Regards
  • #346,617
  • Sep 9, 2013 11:08am Sep 9, 2013 11:08am
Quoting TauTrader
{quote} good day to you, Ambar You see - we trade the same - looking for possible areas. Sometimes we get lucky and price turns to the pip - sometimes it overshoots..or go straight on. All the best


If you get lucky more than not, you're on the hill man
  • #346,618
  • Sep 9, 2013 11:09am Sep 9, 2013 11:09am
Quoting Ambar
{quote} Ichimoku, tekan has crossed kijun at daily. Dangerous to short... {image}
What?
  • #346,619
  • Sep 9, 2013 11:15am Sep 9, 2013 11:15am
Quoting 1pipperhour
{quote} If you get lucky more than not, you're on the hill man
Sir, 1

Hehe. One has to be soo careful in expressing opinion.. All others waiting to eat you alive..

Anyway.

I'm short.

Waiting. Very small positions.

Trade well
  • #346,620
  • Sep 9, 2013 11:17am Sep 9, 2013 11:17am
EU slowly approaching short term reversal. GU waiting.

Can only trade what is seen and interpreted as such.
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