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Cable Update (GBPUSD)

  • #349,821
  • Oct 22, 2013 11:00am Oct 22, 2013 11:00am
Quoting nAVIN2007
{quote} yeah..can survive till 1.64
good luck man, you could always perform your very own navin recapitalization haha. I dont think its worth going through a margin call at this level and you should do everything in your power to hold onto your positions =)
  • #349,822
  • Oct 22, 2013 11:02am Oct 22, 2013 11:02am
I have to say, I honestly think cable can go to 1.66. I have had to reposition today i.e. add longs to my otherwise short position because I was caught off-guard. I don't like adding longs up here but looking at it it just looks like it's going higher.
I have no clue what I'm talking about.
  • #349,823
  • Oct 22, 2013 11:03am Oct 22, 2013 11:03am
Quoting nAVIN2007
{quote} yeah..can survive till 1.64
There is some divergence possibly setting up on the 4 hr charts... Hope it reverses things for your sake. Hang in there.
  • #349,824
  • Oct 22, 2013 11:14am Oct 22, 2013 11:14am
If 6259 previous 4hr/daily/minor weekly swing hi and weekly descending t/line breaks to the upside - the previous weekly/monthly swing hi at 6349 and monthly descending t/line may help you if the bulls aren't as rampant as they appear at the moment.,,but if they give way too, well....it probably won't look good for the longer term bears ?

G/L

Quoting nAVIN2007
{quote} yeah..can survive till 1.64
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ex member
  • #349,825
  • Oct 22, 2013 11:16am Oct 22, 2013 11:16am
It's funny that if you are wrong you go to higher and higher TF's to find excuse for yours trade.
That's why I never change a TIMEFRAME.
  • #349,826
  • Oct 22, 2013 11:18am Oct 22, 2013 11:18am
Quoting bbmac
If 6259 previous 4hr/daily/minor weekly swing hi and weekly descending t/line breaks to the upside - the previous weekly/monthly swing hi at 6349 and monthly descending t/line may help you if the bulls aren't as rampant as they appear at the moment.,,but if they give way too, well....it probably won't look good for the longer term bears ? G/L {quote} {image}

what worries me is my long term was up
  • #349,827
  • Oct 22, 2013 11:21am Oct 22, 2013 11:21am
Quoting polbanda
It's funny that if you are wrong you go to higher and higher TF's to find excuse for yours trade. That's why I never change a TIMEFRAME.
That makes absolutely no sense.
At all times you should look at longer time frames.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,828
  • Oct 22, 2013 11:23am Oct 22, 2013 11:23am
Quoting Nate04
{quote} There is some divergence possibly setting up on the 4 hr charts... Hope it reverses things for your sake. Hang in there.

What is the divergence you're seeing?
  • #349,829
  • Oct 22, 2013 11:25am Oct 22, 2013 11:25am
Quoting KillerWhale
{quote} How many pips you have left? Can you survive a double top @ 1.6259?
I hope it falls just short of that before falling back down.
  • #349,830
  • Oct 22, 2013 11:25am Oct 22, 2013 11:25am
What has amazed me since the 4811 lo as the 1hr uptrend turned into a 4hr uptrend that turned into a daily uptrend that turned into a weekly uptrend...the bears here have steadfastly refused to recognise/been unable to determine - the greater probability...mostly seemingly trading their opinion and trying to justify it with ' flaky ' tech analysis...despite the growing better fundie data/environment and actual technical picture.

Anything can happen and more data this week may affect price either way.

G/L

Quoting polbanda
It's funny that if you are wrong you go to higher and higher TF's to find excuse for yours trade. That's why I never change a TIMEFRAME.
ex member
  • #349,831
  • Oct 22, 2013 11:27am Oct 22, 2013 11:27am
yeh I remember...lol !

Quoting nAVIN2007
{quote} what worries me is my long term was up
ex member
  • #349,832
  • Oct 22, 2013 11:28am Oct 22, 2013 11:28am
Quoting bbmac
What has amazed me since the 4811 lo as the 1hr uptrend turned into a 4hr uptrend that turned into a daily uptrend that turned into a weekly uptrend...the bears here have steadfastly refused to recognise/been unable to determine - the greater probability...mostly seemingly trading their opinion and trying to justify it with ' flaky ' tech analysis...despite the growing better fundie data/environment and actual technical picture. Anything can happen and more data this week may affect price either way. G/L {quote}

If we bust through this current resistance and stay there through October, we'll be in a monthly uptrend.
  • #349,833
  • Oct 22, 2013 11:29am Oct 22, 2013 11:29am
Quoting Baggi
{quote} I hope it falls just short of that before falling back down.
are u short?
  • #349,834
  • Oct 22, 2013 11:32am Oct 22, 2013 11:32am
depends how you determine a trend - it wouldn't be for me the way I determine the 3 states of price (classic trend, general trend or classic range) - it would still be in a range - and still under the 200 and 100 sma's on that t/f...but different traders use different techniques so they may see it that way.

G/L

Quoting Baggi
{quote} If we bust through this current resistance and stay there through October, we'll be in a monthly uptrend.
ex member
  • #349,835
  • Oct 22, 2013 11:35am Oct 22, 2013 11:35am
Quoting KillerWhale
{quote} That makes absolutely no sense. At all times you should look at longer time frames.
But... what will you do if on H1 is uptrend, on H4 is consolidation and on D1 is downtrend? For me jumping from one to another timeframe is complicating of decision-making process.
Through the decisions are not grounded in the real technical analysis. Remember - a book of which we all learned were based on one's TF.
  • #349,836
  • Oct 22, 2013 11:37am Oct 22, 2013 11:37am
bearish engulfing in 15 mins candle, i'm shorting for few pips, SL 1.6255 & TP 1.6225
  • #349,837
  • Oct 22, 2013 11:38am Oct 22, 2013 11:38am
Gidday Navin

Did your account get smoked out

yeah I ended up with we hedge

hate doing that all the time
  • #349,838
  • Oct 22, 2013 11:43am Oct 22, 2013 11:43am
Quoting nAVIN2007
{quote} are u short?
I am now. SL at 6160
  • #349,839
  • Oct 22, 2013 11:44am Oct 22, 2013 11:44am
Quoting Baggi
{quote} What is the divergence you're seeing?
Again... *Possible* divergence... Nothing set in stone yet.
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  • #349,840
  • Oct 22, 2013 11:48am Oct 22, 2013 11:48am
Quoting suthmo
Bear down, bear down. We got a 10-91c in progress, bear down.

http://www.bilderblog.org/wp-content...nda-baeren.jpg
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