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Cable Update (GBPUSD)

  • #350,101
  • Oct 23, 2013 1:16pm Oct 23, 2013 1:16pm
My sl is at 1.6200 but mb a little too far.
Thats exactly what I expect a 20 pips on my part of the charts.
  • #350,102
  • Oct 23, 2013 1:19pm Oct 23, 2013 1:19pm
Quoting KillerWhale
{quote} Complete nonsense this kind of statement
Why cause he says he " thinks" someone who shorts will be under water? Or is it because he doesn't agree with your sentiment?
  • #350,103
  • Oct 23, 2013 1:37pm Oct 23, 2013 1:37pm
Quoting lonewolf1
{quote} Why cause he says he " thinks" someone who shorts will be under water? Or is it because he doesn't agree with your sentiment?
I cannot answer for Killerwhale, but from my perspective, Suthmo has not given any rationale behind his call. He might be right, but I think KillerWhale was simply stating that a call without rationale is of no value... and if so, I agree.

Quoting KillerWhale
{quote} Complete nonsense this kind of statement
Those who say it cannot be done should not interrupt those who are doing it
  • #350,104
  • Oct 23, 2013 1:53pm Oct 23, 2013 1:53pm
Quoting PipTrapper
{quote} I cannot answer for Killerwhale, but from my perspective, Suthmo has not given any rationale behind his call. He might be right, but I think KillerWhale was simply stating that a call without rationale is of no value... and if so, I agree. {quote}
Correct and correct. It won't make sense because know one else know the method. There's nothing to qualify the statement by. Although I have demonstrated the results of time based prediction many times here over the last 3 years, I'm the only one it makes sense to. So Killer is right and pipTrapper is right. If your short at 6170 and - 30 until 8am and then a little bird told you you could get out at this time, it's very right. It's just a little helpful tip. I think it peeks at 1.6200 at 11pm All times stated by me will be gmt. and +/- an hour based on the daylight savings time.
Founder of Sutherland Wave Principle
  • #350,105
  • Oct 23, 2013 1:55pm Oct 23, 2013 1:55pm
Quoting suthmo
{quote} Here maybe this will help it make sense. Based on what I see happening, I'm just offering some friendly advice should anyone find their selves underwater from 1.6170 tonight. {image}

Be careful not to be too underwater and drown like the guy below...

Attached Image
  • #350,106
  • Oct 23, 2013 2:09pm Oct 23, 2013 2:09pm
Closed just a few pipes.
expecting some reentrie later depend of the price action
  • #350,107
  • Oct 23, 2013 2:14pm Oct 23, 2013 2:14pm
Quoting suthmo
{quote} Correct and correct. It won't make sense because know one else know the method. There's nothing to qualify the statement by. Although I have demonstrated the results of time based prediction many times here over the last 3 years, I'm the only one it makes sense to. So Killer is right and pipTrapper is right. If your short at 6170 and - 30 until 8am and then a little bird told you you could get out at this time, it's very right. It's just a little helpful tip. I think it peeks at 1.6200 at 11pm All times stated by me will be gmt. and +/-...
Very well, but I still don't fully understand why you are posting such unsubstantiated information when nobody can understand why it is so.
However, it's a public forum and everybody is more than welcome to post what they want as long as it is related to trading.

Perhaps if you posted your live or demo account in the trade explorer, then your calls would have more credibility... if that is what you are looking for (credibility that is).
Those who say it cannot be done should not interrupt those who are doing it
  • #350,108
  • Oct 23, 2013 2:41pm Oct 23, 2013 2:41pm
Quoting PipTrapper
{quote} Very well, but I still don't fully understand why you are posting such unsubstantiated information when nobody can understand why it is so. However, it's a public forum and everybody is more than welcome to post what they want as long as it is related to trading. Perhaps if you posted your live or demo account in the trade explorer, then your calls would have more credibility... if that is what you are looking for (credibility that is).
In 3 months I will have been making time based predictions at the forex factory for 4 years.

Inserted Video
Founder of Sutherland Wave Principle
  • #350,109
  • Oct 23, 2013 2:52pm Oct 23, 2013 2:52pm
Quoting suthmo
{quote} Here maybe this will help it make sense. Based on what I see happening, I'm just offering some friendly advice should anyone find their selves underwater from 1.6170 tonight. {image}

actually looking at the chart, I think it is the other way round u are likely to be under water for several hours..lets put it to the test
nobody is all knowing and this time it will be proved to u

1.6175 is actually an area cable will bounce and be used a resistance
  • #350,110
  • Oct 23, 2013 2:54pm Oct 23, 2013 2:54pm
Howzit! GU

Noted some -ve divergence on EU
Given that cable is such a live wire at the moment I figure its time to pack it in.
Suppose it would be better to come back on Friday and see if there is anything useful to add.

Good luck
  • #350,111
  • Oct 23, 2013 3:03pm Oct 23, 2013 3:03pm
Quoting JimmyC
Howzit! GU Noted some -ve divergence on EU Given that cable is such a live wire at the moment I figure its time to pack it in. Suppose it would be better to come back on Friday and see if there is anything useful to add. Good luck
Lets put that in some perspective.

EU 1H
Note triple top / DT
EU Daily
looks like it may close a morning star at the top of a trend
GU 4H tiny shooting star

Given Fibre tends to tow Cable... This would place Cable under pressure for the night and it would be surprising though not impossible for it to go up during Asia
Lets see

G/L
  • #350,112
  • Oct 23, 2013 3:23pm Oct 23, 2013 3:23pm
Quoting Mr.C
{quote} Good morning guys. Yesterday's GBP/USD short looks more than healthy and is now floating with +60 pips. {quote} Sticking to my initial TPs that I posted yesterday. TL seen on my chart - as a first road block. I might also move my SL to +1 later today. {quote} {quote} I always admire the timing importance while in the markets. I had one more short yesterday aiming to swap both trades in order to get a better price and at the end - a better risk/reward ratio. The plan was good, everything has been done (both orders placed)..BUT! I simply went...
nice to see u in here friend..hope u well bro!!
  • #350,113
  • Oct 23, 2013 3:31pm Oct 23, 2013 3:31pm
H4 timeframe - anyone else seeing potential head and shoulder formation?
  • #350,114
  • Oct 23, 2013 3:35pm Oct 23, 2013 3:35pm
Quoting nAVIN2007
{quote} actually looking at the chart, I think it is the other way round u are likely to be under water for several hours..lets put it to the test nobody is all knowing and this time it will be proved to u 1.6175 is actually an area cable will bounce and be used a resistance
Actually I think it's 1.6185, but what's 10 pips between friends?
Those who say it cannot be done should not interrupt those who are doing it
  • #350,115
  • Oct 23, 2013 3:39pm Oct 23, 2013 3:39pm
Quoting ReneRu
H4 timeframe - anyone else seeing potential head and shoulder formation?
I prefer H/S patterns were the neckline slopes downwards instead of flat or slightly up, but yes there is potential for it. However, we need price to come back down and violate the neckline and then come back up to test it as resistance (confirmation) before it is tradable.

From ehat I am seeing on the H4 chart, if the H/S plays out and reaches its measured target, we get a potential double top with a neckline around 1.5900 and a measured target of 1.5550
Those who say it cannot be done should not interrupt those who are doing it
  • #350,116
  • Oct 23, 2013 3:41pm Oct 23, 2013 3:41pm
Quoting PipTrapper
{quote} Actually I think it's 1.6185, but what's 10 pips between friends?
  • #350,117
  • Oct 23, 2013 3:41pm Oct 23, 2013 3:41pm
Quoting RamsesII
{quote} if you dont take the obvious ones when they show up, then you're fighting a losing battle

Have you made some statistics, how often do obvious setups turn out as expected?
  • #350,118
  • Oct 23, 2013 4:06pm Oct 23, 2013 4:06pm
Quoting PipTrapper
{quote} I cannot answer for Killerwhale, but from my perspective, Suthmo has not given any rationale behind his call. He might be right, but I think KillerWhale was simply stating that a call without rationale is of no value... and if so, I agree. {quote}

I wasn't aware that the purpose of his post was to make a trade call. I was under the impression he was stating his opinion about shorts. I also didn't take from his post that he was trying to share some kind of method. Again just sharing his opinion on shorts.

Who really cares if it is of no value to anyone. Thus why it is his opinion!!!!!
  • #350,119
  • Oct 23, 2013 4:14pm Oct 23, 2013 4:14pm
Not liking the day candle close! Closed my shorts for few pips, might add tomorrow if it breaks 1.6110.

I'm not eliminating the possibility of PA rallying back to test the high (1.624x - 1.626x zone), thus im neutral now in terms of sentiment and ""could"" join the bulls in case we break the high!
  • #350,120
  • Oct 23, 2013 4:15pm Oct 23, 2013 4:15pm
Quoting PipTrapper
{quote} I prefer H/S patterns were the neckline slopes downwards instead of flat or slightly up, but yes there is potential for it. However, we need price to come back down and violate the neckline and then come back up to test it as resistance (confirmation) before it is tradable. From ehat I am seeing on the H4 chart, if the H/S plays out and reaches its measured target, we get a potential double top with a neckline around 1.5900 and a measured target of 1.5550
Nope first I thought it was a Batman
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But now I'm pretty sure its a Garfield
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Next we do the tail and then drop...



You can shoot me its ok, not really moving
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Bed Time
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