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Cable Update (GBPUSD)

  • #351,541
  • Nov 1, 2013 6:58am Nov 1, 2013 6:58am
Hi Tom thanks ,


Quoting Tom_d
Love your trade setups bones, your trading style and charts look very similar to mine, do you think we'll be breaking through and holding above this level on the usd soon? I closed out some short positions on gold as we've pushed away from it, but i'm holding on with my cable shorts for now {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD Spot.png 1-11-13.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,542
  • Nov 1, 2013 7:00am Nov 1, 2013 7:00am
in fact this is dark cloud cover ,ive tried to help bbmac as he has a light touch on reading price which is misleading to this thread
having said that I think hes a good poster and probably a good trader with his secret edge


Quoting Bones
my view {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,543
  • Nov 1, 2013 7:03am Nov 1, 2013 7:03am
Quoting Tom_d
Love your trade setups bones, your trading style and charts look very similar to mine, do you think we'll be breaking through and holding above this level on the usd soon? I closed out some short positions on gold as we've pushed away from it, but i'm holding on with my cable shorts for now {image}
Seems I closed my gold positions too soon, never mind, gotta love the indexes from liteforex, i'd be lost without them
  • #351,544
  • Nov 1, 2013 7:08am Nov 1, 2013 7:08am
Quoting Bones
nice set up gbp jpy {image}
good chart I still hold my long 156.9 five times I get it. hope it doesn't broke
  • #351,545
  • Nov 1, 2013 7:09am Nov 1, 2013 7:09am
Seems like 1.60xx went off as the month is coming to an end and the profit takers are booking profits. Its a good opportunity to buy all the USD pairs for 200+ pips profit from here...
  • #351,546
  • Nov 1, 2013 7:10am Nov 1, 2013 7:10am
Quoting Bones
why ? {quote}

I see buy cluster there sir.
  • #351,547
  • Nov 1, 2013 7:22am Nov 1, 2013 7:22am
Quoting adnan007
Seems like 1.60xx went off as the month is coming to an end and the profit takers are booking profits. Its a good opportunity to buy all the USD pairs for 200+ pips profit from here...

I am short, but good luck to you.
  • #351,548
  • Nov 1, 2013 7:27am Nov 1, 2013 7:27am
Quoting okanemici
{quote} My fibo also says 1.5977(edit) is on its way Navin.I dont know if it happens today but tomorrow is also OK I expect more low in gold today, so cable can also hit 1.5977 with a strong usd weak gold data.
Hey Navin here is the 1.5977, now what is the plan ?
  • #351,549
  • Edited 8:27am Nov 1, 2013 8:11am | Edited 8:27am
Quoting PipTrapper
{quote} and down it goes. Next stop (brief coffee break only) 1.5975 and then 1.5945 extension. Might see 1.590x today.
Quoting PipTrapper
{quote} Damn. Didn't even have enough time to warm up the cup. Okay 5945 next, and by the looks of the momentum, I may not have time for a coffee there either.
Even though price fell through 1.5975 like a hot knife, it still provided resistance on the pullback.
Now that I've had my coffee, it's time for 1.5945 possibly followed by 1.590x. Let's go.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,550
  • Nov 1, 2013 8:13am Nov 1, 2013 8:13am
closed GC +280pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm30.png Size: 29 KB
In trading, you have to be defensive and aggressive at the same time
  • #351,551
  • Nov 1, 2013 8:14am Nov 1, 2013 8:14am
Quoting pipcenturion
{quote} I see buy cluster there sir.
I agree there is a buy cluster, but it's probably not strong enough to float it. I see more down.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,552
  • Nov 1, 2013 8:18am Nov 1, 2013 8:18am
Quoting PipTrapper
{quote} I agree there is a buy cluster, but it's probably not strong enough to float it. I see more down.

Yes all the way to 1.55
In trading, you have to be defensive and aggressive at the same time
  • #351,553
  • Nov 1, 2013 8:25am Nov 1, 2013 8:25am
true tl ,you can see the power ,that all of your edge tl s up are gone ,im trying to help you


Quoting Bones
Not really ,most tl you have are not quite simple ,In fact a tl must have 3 point min to be technical/reliable at all fact is you want to be with the herd in trading and most the herd would not do as you do ? But having said that , text book traders quoting this and that , they make me laugh , {quote}
Attached Image
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  • #351,554
  • Nov 1, 2013 8:26am Nov 1, 2013 8:26am
Quoting PipTrapper
{quote} I agree there is a buy cluster, but it's probably not strong enough to float it. I see more down.
Hi PT

I have intraday target @ 1.5942? You see it?
  • #351,555
  • Nov 1, 2013 8:32am Nov 1, 2013 8:32am
Quoting Bones
true tl ,you can see the power ,that all of your edge tl s up are gone ,im trying to help you {quote} {image}
Thanks for this, really nice stuff, enjoying your clean approach

Not that you need it from me..
  • #351,556
  • Nov 1, 2013 8:33am Nov 1, 2013 8:33am
Quoting JimmyC
{quote} Hi PT I have intraday target @ 1.5942? You see it?
Yep. Way ahead of you
Quoting PipTrapper
{quote} {quote} Even though price fell through 1.5975 like a hot knife, it still provided resistance on the pullback. Now that I've had my coffee, it's time for 1.5945 possibly followed by 1.590x. Let's go.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,557
  • Nov 1, 2013 8:36am Nov 1, 2013 8:36am
Quoting PipTrapper
{quote} Yep. Way ahead of you {quote}
You would be

@ least I'm still holding
  • #351,558
  • Nov 1, 2013 8:42am Nov 1, 2013 8:42am
Hey Jimmy we have mutual respect then especially I think I read your age as very young ? ,
just to let you know as you were reading the daily earlier ,



Quoting JimmyC
{quote} Thanks for this, really nice stuff, enjoying your clean approach Not that you need it from me..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily falling 2 1-11-13.png Size: 25 KB
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  • #351,559
  • Nov 1, 2013 8:48am Nov 1, 2013 8:48am
Quoting JimmyC
{quote} You would be @ least I'm still holding
Cool.. There's still some meat left on the bone
Those who say it cannot be done should not interrupt those who are doing it
  • #351,560
  • Nov 1, 2013 8:51am Nov 1, 2013 8:51am
lol Nav you are hung like a donkey haha

Quoting nAVIN2007
{quote} awesome looking to follow your path ..when i grow some nuts bro
On-site guru & also FF member's' psychiatrist, when not drinking tea
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