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Cable Update (GBPUSD)

  • #351,461
  • Oct 31, 2013 9:04am Oct 31, 2013 9:04am
Old fib 0 says get the hell out of here!
Founder of Sutherland Wave Principle
  • #351,462
  • Oct 31, 2013 9:11am Oct 31, 2013 9:11am
I said doji-esq ie not a proper doji - somewhere between a spinning top type candle and a doji but closer to a doji. A doji I understand to be an indecision candle - not as you suggest - a continuation pattern, but I really don't want to get into a debate about it - you do it your way - I'll do it my way.

G/L

Quoting Bones
Doji = continuation pattern tho I see a push up right now {quote}
ex member
  • #351,463
  • Oct 31, 2013 9:55am Oct 31, 2013 9:55am
you understand wrong in certain circumstances spinning top is continuation

Quoting bbmac
I said doji-esq ie not a proper doji - somewhere between a spinning top type candle and a doji but closer to a doji. A doji I understand to be an indecision candle - not as you suggest - a continuation pattern, but I really don't want to get into a debate about it - you do it your way - I'll do it my way. G/L {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,464
  • Oct 31, 2013 9:57am Oct 31, 2013 9:57am
50% trace extension in progress. 138.2% to 161.8 extension puts us right at my target
Founder of Sutherland Wave Principle
  • #351,465
  • Oct 31, 2013 10:01am Oct 31, 2013 10:01am
Here's my plan for GBP/USD after my stop loss was hit a couple of days ago at the 1.6115 price. I'm expecting price to go up to around 1.6078, but not break support turned resistance at 1.6115, and short the pair to take profit at 1.6019 where the 200 ema lies.. any thoughts?
Attached Image (click to enlarge)
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  • #351,466
  • Oct 31, 2013 10:25am Oct 31, 2013 10:25am
Right here comes your 4pm price rigging jump. It's purely technical I been calling the move for 3 days. In this case a retrace extension to a level that needs to be filled for purely technical reasons. Nothing sinister here?
Founder of Sutherland Wave Principle
  • #351,467
  • Oct 31, 2013 11:01am Oct 31, 2013 11:01am
Any idea what has triggerred this spike? Any news?
  • #351,468
  • Oct 31, 2013 11:02am Oct 31, 2013 11:02am
Quoting ravenbg
Any idea what has triggerred this spike? Any news?
look at GMT
  • #351,469
  • Oct 31, 2013 11:05am Oct 31, 2013 11:05am
Quoting suthmo
Right here comes your 4pm price rigging jump. It's purely technical I been calling the move for 3 days. In this case a retrace extension to a level that needs to be filled for purely technical reasons. Nothing sinister here?
Buahahaha!! it's Halloween theres a lot of sinister things going around!
  • #351,470
  • Oct 31, 2013 11:11am Oct 31, 2013 11:11am
just rubbish!
I tried to sell at 4pm.
and my broker went down.
and they only came up when the price was already down by 10 pips.
  • #351,471
  • Oct 31, 2013 11:17am Oct 31, 2013 11:17am
Bloody Barclays should go to prison, PRA are right in investigating all of them.
  • #351,472
  • Oct 31, 2013 11:17am Oct 31, 2013 11:17am
Quoting negrada
just rubbish! I tried to sell at 4pm. and my broker went down. and they only came up when the price was already down by 10 pips.
Well i shorted at 1.60658 with 5p manual stop. It was in the red for about 20 seconds. Now safe. A 35ish pip rally in 5 mins. Now lets see if it does the drop bit. Pretty textbook i'd say. It dont work all the time but it can often be good for a few.
  • #351,473
  • Oct 31, 2013 11:19am Oct 31, 2013 11:19am
Good day

GU Daily.

Currently sitting as an Inside Bar...

Attached Image


Will have to see tomorrow if it is...

BBL

G/L
  • #351,474
  • Oct 31, 2013 11:20am Oct 31, 2013 11:20am
Quoting suthmo
Right here comes your 4pm price rigging jump. It's purely technical I been calling the move for 3 days. In this case a retrace extension to a level that needs to be filled for purely technical reasons. Nothing sinister here?
You've been saying that at 4pm GMT on wednesday price would jump to 1.6068(ish) for 3 days? I dont remember seeing that.
  • #351,475
  • Oct 31, 2013 11:23am Oct 31, 2013 11:23am
I am disgusted. I have been robbed.

(for anyone who doesn't know what we are talking about, please read: http://www.bloomberg.com/news/2013-0...ing-clues.html)
  • #351,476
  • Oct 31, 2013 11:26am Oct 31, 2013 11:26am
Quoting aBitWonKy
{quote} Well i shorted at 1.60658 with 5p manual stop. It was in the red for about 20 seconds. Now safe. A 35ish pip rally in 5 mins. Now lets see if it does the drop bit. Pretty textbook i'd say. It dont work all the time but it can often be good for a few.
There's the drop. That seemed to go like clockwork.
  • #351,477
  • Oct 31, 2013 11:27am Oct 31, 2013 11:27am
Quoting aBitWonKy
{quote} Well i shorted at 1.60658 with 5p manual stop. It was in the red for about 20 seconds. Now safe. A 35ish pip rally in 5 mins. Now lets see if it does the drop bit. Pretty textbook i'd say. It dont work all the time but it can often be good for a few.
I will hold for a test of 1.6078 to think about a short.. just me
  • #351,478
  • Oct 31, 2013 11:30am Oct 31, 2013 11:30am
Quoting e061578
I will hold for a test of 1.6078 to think about a short.. just me
Now the timespan where you could do "informed trading" has gone.
  • #351,479
  • Oct 31, 2013 11:31am Oct 31, 2013 11:31am
Quoting negrada
I am disgusted. I have been robbed. (for anyone who doesn't know what we are talking about, please read: http://www.bloomberg.com/news/2013-0...ing-clues.html)
You haven't been robbed, get over it. You just did it wrong. We really dont want them poking into this too much or before you know it all the perks we retailers have been accustomed to will be gone.
  • #351,480
  • Oct 31, 2013 11:32am Oct 31, 2013 11:32am
Quoting e061578
{quote} I will hold for a test of 1.6078 to think about a short.. just me
You dont understand - this was a scalp. It'd done and dusted. I'll leave some open to see where it goes but these are quick moves.
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