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Cable Update (GBPUSD)

  • #346,621
  • Sep 9, 2013 11:21am Sep 9, 2013 11:21am
Good day,

Short stops - 3475 positions at 1.5740 , 2531 positions @ 1.5750, 1354 positions @ 1.5760 - above that - not a lot.

Squeeze..
  • #346,622
  • Sep 9, 2013 11:49am Sep 9, 2013 11:49am
4H candle shaping up nicely
  • #346,623
  • Sep 9, 2013 11:52am Sep 9, 2013 11:52am
Quoting Ambar
{quote} 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....
I will try it out and see how it looks...I havent played around with the settings on Ichimoku before...

Thanks for the response...
  • #346,624
  • Sep 9, 2013 11:52am Sep 9, 2013 11:52am
Quoting TauTrader
{quote} 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

mr t happy to see u have ride the wave and kicked cable in the nuts
now hopefully i can get paid
  • #346,625
  • Sep 9, 2013 12:16pm Sep 9, 2013 12:16pm
Quoting nAVIN2007
{quote} mr t happy to see u have ride the wave and kicked cable in the nuts now hopefully i can get paid
Sir NAV,

Would like to get paid with you..

Steady is going to do it.. I think.

All the best
  • #346,626
  • Sep 9, 2013 12:42pm Sep 9, 2013 12:42pm
Quoting TauTrader
EU slowly approaching short term reversal. GU waiting. Can only trade what is seen and interpreted as such.
oh mate, don't say that mate.. i'm just starting building my position... lol.

Talking about reversal, i'm thinking to long oil at about the support..
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  • #346,627
  • Sep 9, 2013 12:55pm Sep 9, 2013 12:55pm
Quoting A-speculator
{quote} oh mate, don't say that mate.. i'm just starting building my position... lol. Talking about reversal, i'm thinking to long oil at about the support.. {image} {image}
good day to you, A-Spec

Nice long there.. Bulk of shorts stops are between 1.3270 and 1.3290. Think you are good for a few.

Well done on the trade!

Regards
  • #346,628
  • Sep 9, 2013 2:57pm Sep 9, 2013 2:57pm
Daily shows the upside breech of the daily and weekly descending trend lines and you can see where current daily hi [5732] found supply in the bottom 1/2 of that previous Daily/Weekly/minor Monthly swing hi zone at the monthly descending trend line - shown in a previous post earlier...200sma on the weekly there too....Just above that swing hi extending to 5751 the 61.8% 6349-4811 [5760] and 50% 6746-4811 [5772,) with Monthly R1 and Weekly R2 @/around 5778/80 above those.

G/L
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ex member
  • #346,629
  • Sep 9, 2013 6:00pm Sep 9, 2013 6:00pm
Hello Traders, I'm a new contributor to this website but have been an observer for many years. I have recently left a major City brokerage and will be trading my own account during my gardening leave. I'm sure I will add value to this thread.

Anyway my first position on here is a sizeable short Cable at 1.5695, stop loss 1.5735 with a target of 1.5615. This is at the shorter end of my usual trade time frames and expect this to have booked profits around the time the US opens tomorrow. We're very thin on macro data coming out tomorrow so this is mainly a technical play with some analysis of institutional versus retail flow.

Any global news we are likely to hear over the coming 12 hours will probably work in this positions favour especially as Obama is due to give his war on Syria sales pitch to the world in a little over 24 hours time. How convincing this is will dictate price for the rest of the month and maybe much longer in my opinion.
  • #346,630
  • Sep 9, 2013 6:22pm Sep 9, 2013 6:22pm
You guys just for fun I noticed something peculiar about GU
It looks like 7 days price travels roughly 200pips from swing highs.So If you are short like me hold on to a week.
All the grey boxes are approximately 7 days.
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In trading, you have to be defensive and aggressive at the same time
  • #346,631
  • Edited 1:24am Sep 10, 2013 1:11am | Edited 1:24am
A round bottom at top in the crazy bull now( eu also ) , bullish continuation in nature but will look for the crush entry too.audusd should be enough corrected , can be more too but once for all possible in that case , ab d , no c !! Most important now for usd strength for most pairs .lets see .
waiting for good action down if starts soon . post London activities watch , war delayed & so if any spike due it should be crushed soon too.
Even eu can reject 3298 test & break , break also carries no much difference too .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #346,632
  • Sep 10, 2013 1:26am Sep 10, 2013 1:26am
Quoting GardenLeaver
Hello Traders, I'm a new contributor to this website but have been an observer for many years. I have recently left a major City brokerage and will be trading my own account during my gardening leave. I'm sure I will add value to this thread. Anyway my first position on here is a sizeable short Cable at 1.5695, stop loss 1.5735 with a target of 1.5615. This is at the shorter end of my usual trade time frames and expect this to have booked profits around the time the US opens tomorrow. We're very thin on macro data coming out tomorrow so this is...
Welcome GardenLeaver, I have couple of questions just out of interest. Why you left your job and why you as a brokerage trader were lurking in a place like forex factory? How long is your garden leave?
  • #346,633
  • Sep 10, 2013 2:02am Sep 10, 2013 2:02am
Good Morning !
Today's S/R MT4 Templates

EURO
AUDUSD
EURJPY
CABLE
S&P 500
GOLD

http://www.forexfactory.com/showthre...89#post6952889
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #346,634
  • Sep 10, 2013 2:51am Sep 10, 2013 2:51am
Bullish bodied daily candle yesterday the body longer than eiher wick but upper wick again longer than lower wick - the Hi at the 1st 1/2 of that prev daily/weekly/minor monthly swing hi going to 5751 and @ the 200sma on weekly and descending t/line on monthly. Thurs/Fri's daily candles last week were much the same in terms of the wicks. (ie sellers present) Asian session mixed....price just now finding some demand at the previous 1hr swing lo zone just above the daily pivot which is the current pullback lo off yesterday's 5732 hi.

Howe strong are the bulls now ?

G/L
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ex member
  • #346,635
  • Sep 10, 2013 3:00am Sep 10, 2013 3:00am
Welcome...good 1st post...hope to hear more from you here.

Your short target coincides with 38.2% 5427-5732 swing...coincidence ?

G/L

Quoting GardenLeaver
Hello Traders, I'm a new contributor to this website but have been an observer for many years. I have recently left a major City brokerage and will be trading my own account during my gardening leave. I'm sure I will add value to this thread. Anyway my first position on here is a sizeable short Cable at 1.5695, stop loss 1.5735 with a target of 1.5615. This is at the shorter end of my usual trade time frames and expect this to have booked profits around the time the US opens tomorrow. We're very thin on macro data coming out tomorrow so this is...
ex member
  • #346,636
  • Sep 10, 2013 3:07am Sep 10, 2013 3:07am
for the bulls - daily chart shows the fib extensions of the last daily swing...they are at 5794,5826 and 5894 respectively.

So, more upside or more pullback/downside ? Are those daily candles referred to above a clue ?

G/L
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ex member
  • #346,637
  • Sep 10, 2013 3:42am Sep 10, 2013 3:42am
so, the bulls not ready to roll over just yet ?....66% of traders on trade explorer here saying they are short which is 76% of lots traded in the explorer..do they know something the bulls don't ?

G/L
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ex member
  • #346,638
  • Sep 10, 2013 3:45am Sep 10, 2013 3:45am
Quoting bbmac
so, the bulls not ready to roll over just yet ?....66% of traders on trade explorer here saying they are short which is 76% of lots traded in the explorer..do they know something the bulls don't ? G/L {image}
Good reason to stay long...

Ive got one running but small risk.
  • #346,639
  • Sep 10, 2013 3:45am Sep 10, 2013 3:45am
Quoting 1pipperhour
{quote} Welcome GardenLeaver, I have couple of questions just out of interest. Why you left your job and why you as a brokerage trader were lurking in a place like forex factory? How long is your garden leave?
1 month starting today! I use Forex factory for many reasons but, I like to get different consensuses either as a contrarian signal or maybe to learn something. The calendar is decent also. I left to go to a bigger and better company who pay me more!
  • #346,640
  • Sep 10, 2013 3:48am Sep 10, 2013 3:48am
Quoting bbmac
Welcome...good 1st post...hope to hear more from you here. Your short target coincides with 38.2% 5427-5732 swing...coincidence ? G/L {quote}
Thanks. Yes must be a coincidence. FIBS hasn't formed part a direct part of this analysis.

Also buying up plenty of USD/JPY by the way.
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